XML 49 R39.htm IDEA: XBRL DOCUMENT 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