XML 50 R40.htm IDEA: XBRL DOCUMENT v3.23.1
Investments (Available-For-Sale Investments) (Details) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]    
Fixed maturities, available-for-sale, amortized cost $ 13,142,991 $ 12,805,887
Available-for-sale fixed maturity investments, gross unrealized holding gains 32,102 13,100
Available-for-sale fixed maturity investments, gross unrealized holding losses (771,975) (962,152)
Available-for-sale fixed maturity investments, estimated fair value 12,403,118 11,856,835
Short-term investments, available-for-sale, amortized cost 2,482,609 2,663,560
Short-term investments, available-for-sale, gross unrealized holding gains 4,978 5,760
Short-term investments, available-for-sale, gross unrealized holding losses (86) (58)
Short-term investments, available-for-sale, estimated fair value 2,487,501 2,669,262
Investments, available-for-sale, amortized cost 15,625,600 15,469,447
Investments, available-for-sale, gross unrealized holding gains 37,080 18,860
Investments, available-for-sale, gross unrealized holding losses (772,061) (962,210)
Investments, available-for-sale, estimated fair value 14,890,619 14,526,097
U.S. Treasury securities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Fixed maturities, available-for-sale, amortized cost 3,102,303 3,050,089
Available-for-sale fixed maturity investments, gross unrealized holding gains 8,523 2,363
Available-for-sale fixed maturity investments, gross unrealized holding losses (105,755) (138,493)
Available-for-sale fixed maturity investments, estimated fair value 3,005,071 2,913,959
U.S. government-sponsored enterprises [Member]    
Debt Securities, Available-for-sale [Line Items]    
Fixed maturities, available-for-sale, amortized cost 958,321 871,463
Available-for-sale fixed maturity investments, gross unrealized holding gains 1,141 154
Available-for-sale fixed maturity investments, gross unrealized holding losses (90,484) (106,079)
Available-for-sale fixed maturity investments, estimated fair value 868,978 765,538
Obligations of states, municipalities and political subdivisions [Member]    
Debt Securities, Available-for-sale [Line Items]    
Fixed maturities, available-for-sale, amortized cost 4,010,997 3,973,911
Available-for-sale fixed maturity investments, gross unrealized holding gains 11,477 6,503
Available-for-sale fixed maturity investments, gross unrealized holding losses (184,648) (247,231)
Available-for-sale fixed maturity investments, estimated fair value 3,837,826 3,733,183
Foreign governments [Member]    
Debt Securities, Available-for-sale [Line Items]    
Fixed maturities, available-for-sale, amortized cost 1,609,973 1,473,658
Available-for-sale fixed maturity investments, gross unrealized holding gains 8,323 2,843
Available-for-sale fixed maturity investments, gross unrealized holding losses (133,640) (169,723)
Available-for-sale fixed maturity investments, estimated fair value 1,484,656 1,306,778
Commercial mortgage-backed securities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Fixed maturities, available-for-sale, amortized cost 2,125,940 2,109,721
Available-for-sale fixed maturity investments, gross unrealized holding gains 777 395
Available-for-sale fixed maturity investments, gross unrealized holding losses (149,548) (169,668)
Available-for-sale fixed maturity investments, estimated fair value 1,977,169 1,940,448
Residential mortgage-backed securities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Fixed maturities, available-for-sale, amortized cost 531,907 553,591
Available-for-sale fixed maturity investments, gross unrealized holding gains 8 6
Available-for-sale fixed maturity investments, gross unrealized holding losses (22,516) (26,804)
Available-for-sale fixed maturity investments, estimated fair value 509,399 526,793
Asset-backed securities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Fixed maturities, available-for-sale, amortized cost 1,618 1,693
Available-for-sale fixed maturity investments, gross unrealized holding gains 0 0
Available-for-sale fixed maturity investments, gross unrealized holding losses (44) (53)
Available-for-sale fixed maturity investments, estimated fair value 1,574 1,640
Corporate bonds [Member]    
Debt Securities, Available-for-sale [Line Items]    
Fixed maturities, available-for-sale, amortized cost 801,932 771,761
Available-for-sale fixed maturity investments, gross unrealized holding gains 1,853 836
Available-for-sale fixed maturity investments, gross unrealized holding losses (85,340) (104,101)
Available-for-sale fixed maturity investments, estimated fair value $ 718,445 $ 668,496