XML 56 R44.htm IDEA: XBRL DOCUMENT v3.25.2
Investments - Schedule of Fair Value and Gross Pre-Tax Net Unrealized Loss of Securities By Length of Time (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]    
AFS Fair Value, Less than 12 Months $ 1,352,011 $ 2,101,944
AFS Unrealized Losses, Less than 12 months (25,413) (45,680)
AFS Fair Value, 12 months or longer 2,827,944 3,141,858
AFS Unrealized Losses, 12 months or longer (256,673) (324,401)
AFS Fair Value 4,179,955 5,243,802
AFS Unrealized Losses (282,086) (370,081)
U.S. government and government agencies    
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]    
AFS Fair Value, Less than 12 Months 6,275 14,708
AFS Unrealized Losses, Less than 12 months (40) (70)
AFS Fair Value, 12 months or longer 108,474 105,326
AFS Unrealized Losses, 12 months or longer (16,647) (19,683)
AFS Fair Value 114,749 120,034
AFS Unrealized Losses (16,687) (19,753)
Foreign government    
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]    
AFS Fair Value, Less than 12 Months 0 0
AFS Unrealized Losses, Less than 12 months 0 0
AFS Fair Value, 12 months or longer 9,592 9,302
AFS Unrealized Losses, 12 months or longer (1,011) (1,333)
AFS Fair Value 9,592 9,302
AFS Unrealized Losses (1,011) (1,333)
Obligations of states and political subdivisions    
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]    
AFS Fair Value, Less than 12 Months 155,940 153,996
AFS Unrealized Losses, Less than 12 months (3,377) (3,539)
AFS Fair Value, 12 months or longer 219,996 247,735
AFS Unrealized Losses, 12 months or longer (29,485) (28,820)
AFS Fair Value 375,936 401,731
AFS Unrealized Losses (32,862) (32,359)
Corporate securities    
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]    
AFS Fair Value, Less than 12 Months 243,575 684,999
AFS Unrealized Losses, Less than 12 months (3,677) (11,699)
AFS Fair Value, 12 months or longer 969,247 1,083,392
AFS Unrealized Losses, 12 months or longer (84,239) (111,502)
AFS Fair Value 1,212,822 1,768,391
AFS Unrealized Losses (87,916) (123,201)
CLO and other ABS    
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]    
AFS Fair Value, Less than 12 Months 330,552 349,786
AFS Unrealized Losses, Less than 12 months (6,239) (6,296)
AFS Fair Value, 12 months or longer 504,728 601,057
AFS Unrealized Losses, 12 months or longer (32,512) (43,393)
AFS Fair Value 835,280 950,843
AFS Unrealized Losses (38,751) (49,689)
RMBS    
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]    
AFS Fair Value, Less than 12 Months 557,024 714,061
AFS Unrealized Losses, Less than 12 months (10,152) (21,206)
AFS Fair Value, 12 months or longer 647,612 677,574
AFS Unrealized Losses, 12 months or longer (74,621) (91,516)
AFS Fair Value 1,204,636 1,391,635
AFS Unrealized Losses (84,773) (112,722)
CMBS    
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]    
AFS Fair Value, Less than 12 Months 58,645 184,394
AFS Unrealized Losses, Less than 12 months (1,928) (2,870)
AFS Fair Value, 12 months or longer 368,295 417,472
AFS Unrealized Losses, 12 months or longer (18,158) (28,154)
AFS Fair Value 426,940 601,866
AFS Unrealized Losses $ (20,086) $ (31,024)