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v3.23.3

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 | 9 Months Ended
--- | --- | ---
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022
States, municipalities and territories |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | $ 129,303 | $ 0 | $ 0 | $ 0
Purchases and sales, net | 0 | 0 | 0 | 0
Transfers in | 0 | 0 | 108,823 | 0
Transfers out | 0 | 0 | 0 | 0
Included in net income | 0 | 0 | 0 | 0
Included in other comprehensive income (loss) | (7,429) | 0 | 13,051 | 0
Ending balance | 121,874 | 0 | 121,874 | 0
Corporate securities |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | 251,137 | 77,726 | 402,348 | 0
Purchases and sales, net | 0 | 0 | (26,278) | 0
Transfers in | 17,281 | 241,878 | 66,954 | 319,604
Transfers out | 0 | 0 | (172,174) | 0
Included in net income | 0 | 0 | 0 | 0
Included in other comprehensive income (loss) | (16,578) | (72) | (19,010) | (72)
Ending balance | 251,840 | 319,532 | 251,840 | 319,532
Other asset backed securities |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | 742,924 | 64,550 | 442,918 | 0
Purchases and sales, net | 0 | 0 | 227,032 | 0
Transfers in | 23,244 | 37,151 | 153,746 | 101,701
Transfers out | 0 | 0 | (20,817) | 0
Included in net income | 0 | 0 | 0 | 0
Included in other comprehensive income (loss) | (13,108) | (3,456) | (49,819) | (3,456)
Ending balance | 753,060 | 98,245 | 753,060 | 98,245
Other investments |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | 23,244 | 0 | 0 | 6,349
Transfers in | 0 | 0 | 9,821 | 0
Transfers out | (23,244) | 0 | (23,244) | (3,867)
Included in net income | 0 | 0 | 0 | (2,482)
Included in other comprehensive income (loss) | 0 | 0 | 13,423 | 0
Ending balance | 0 | 0 | 0 | 0
Real estate investments |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | 1,158,772 | 672,475 | 940,559 | 337,939
Purchases and sales, net | 27,396 | 250,062 | 257,129 | 553,628
Included in net income | 5,087 | (24,864) | (6,433) | 6,106
Ending balance | 1,191,255 | 897,673 | 1,191,255 | 897,673
Limited partnerships and limited liability companies |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | 151,040 | 0 | 64,209 | 0
Purchases and sales, net | 1,260 | 0 | 98,736 | 0
Included in net income | (3,466) | 0 | (14,111) | 0
Ending balance | 148,834 | 0 | 148,834 | 0
Funds withheld liability - embedded derivative |  |  |  |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |
Beginning balance | (397,234) | 0 | (441,864) | 0
Transfers in | 0 | (520,458) | 0 | (520,458)
Change in fair value, net | (128,726) | 0 | (84,096) | 0
Ending balance | (525,960) | (520,458) | (525,960) | (520,458)
Fixed index annuities - embedded derivatives |  |  |  |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |
Beginning balance | 5,014,697 | 5,836,312 | 4,820,845 | 7,964,961
Premiums less benefits | (23,488) | (92,242) | (176,978) | (28,759)
Change in fair value, net | (387,018) | (466,244) | (39,676) | (2,658,376)
Reserve release related to in-force ceded reinsurance | 0 | (20,784) | 0 | (20,784)
Ending balance | $ 4,604,191 | $ 5,257,042 | $ 4,604,191 | $ 5,257,042

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