XML 30 R17.htm IDEA: XBRL DOCUMENT v3.25.0.1
Derivative Instruments
12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments
6.
Derivative Instruments

Derivatives were used by the Company to reduce risks from changes in interest rates. The Company used interest rate swaps with terms to exchange, at specified intervals, the difference between fixed rate and floating rate interest amounts as calculated by reference to an agreed notional amount.

The Company terminated its outstanding interest rate swaps in the fourth quarter of 2022. There are no outstanding amounts related to the interest rate swap agreements on the consolidated balance sheets as of December 31, 2024 or 2023. The Company recorded net realized investment gains related to the interest rate swaps of $10.1 million for the year ended December 31, 2022. There were no realized investment gains or losses related to interest rate swaps for the years ended December 31, 2024 and 2023.