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v3.23.2

Fair Values of Financial Instruments (Reconciliation of Beginning and Ending Balances of Level 3 Assets and Liabilities) (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022
States, municipalities and territories |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | $ 97,659 | $ 0 | $ 0 | $ 0
Purchases and sales, net | 0 | 0 | 0 | 0
Transfers in | 11,164 | 77,726 | 108,823 | 77,726
Transfers out | 0 | 0 | 0 | 0
Included in net income | 0 | 0 | 0 | 0
Included in other comprehensive income (loss) | 20,480 | 0 | 20,480 | 0
Ending balance | 129,303 | 77,726 | 129,303 | 77,726
Corporate securities |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | 375,297 | 0 | 402,348 | 0
Purchases and sales, net | 0 | 0 | (26,278) | 0
Transfers in | 49,326 | 0 | 49,673 | 0
Transfers out | (172,174) | 0 | (172,174) | 0
Included in net income | 0 | 0 | 0 | 0
Included in other comprehensive income (loss) | (1,312) | 0 | (2,432) | 0
Ending balance | 251,137 | 0 | 251,137 | 0
Other asset backed securities |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | 808,228 | 0 | 442,918 | 0
Purchases and sales, net | 0 | 0 | 227,032 | 0
Transfers in | 0 | 64,550 | 130,502 | 64,550
Transfers out | (20,817) | 0 | (20,817) | 0
Included in net income | 0 | 0 | 0 | 0
Included in other comprehensive income (loss) | (44,487) | 0 | (36,711) | 0
Ending balance | 742,924 | 64,550 | 742,924 | 64,550
Other investments |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | 0 | 3,867 | 0 | 6,349
Transfers in | 9,821 | 0 | 9,821 | 0
Transfers out | 0 | (3,867) | 0 | (3,867)
Included in net income | 0 | 0 | 0 | (2,482)
Included in other comprehensive income (loss) | 13,423 | 0 | 13,423 | 0
Ending balance | 23,244 | 0 | 23,244 | 0
Real estate investments |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | 1,053,631 | 510,188 | 940,559 | 337,939
Purchases and sales, net | 108,825 | 135,478 | 229,733 | 303,566
Included in net income | (3,684) | 26,809 | (11,520) | 30,970
Ending balance | 1,158,772 | 672,475 | 1,158,772 | 672,475
Limited partnerships and limited liability companies |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | 164,327 | 0 | 64,209 | 0
Purchases and sales, net | 3,339 | 0 | 97,476 | 0
Included in net income | (16,626) | 0 | (10,645) | 0
Ending balance | 151,040 | 0 | 151,040 | 0
Funds withheld liability - embedded derivative |  |  |  |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |
Beginning balance | (377,484) | 0 | (441,864) | 0
Transfers in | 0 | 0 | 0 | 0
Change in fair value, net | (19,750) | 0 | 44,630 | 0
Ending balance | (397,234) | 0 | (397,234) | 0
Fixed index annuities - embedded derivatives |  |  |  |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |
Beginning balance | 4,905,133 | 6,770,915 | 4,820,845 | 7,964,961
Premiums less benefits | (32,309) | (50,594) | (153,490) | 63,483
Change in fair value, net | 141,873 | (884,009) | 347,342 | (2,192,132)
Ending balance | $ 5,014,697 | $ 5,836,312 | $ 5,014,697 | $ 5,836,312

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- Definition Amount of gain (loss) recognized in income from asset measured at fair value on recurring basis using unobservable input (level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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