XML 68 R58.htm IDEA: XBRL DOCUMENT v3.22.1
Investments in Fixed Maturity Securities (Investments in fixed maturity securities) (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]        
Total held to maturity, Amortized Cost $ 74,620 $ 74,368    
Held-to-maturity, Allowance for Credit Loss (378) (387) $ (730) $ (798)
Held to maturity, Gross Unrealized Gains 7,418 11,445    
Held to maturity, Gross Unrealized Losses 0 0    
Total held to maturity, Fair Value 81,660 85,426    
Total held to maturity, Carrying Value 74,242 73,981    
Total available for sale, Amortized Cost 16,764,083 16,396,936    
Available-for-sale, Allowance for Credit Loss (26,153) (22,238) (20,009) (1,782)
Total available for sale, Gross Unrealized Gains 67,990 278,207    
Total available for sale, Gross Unrealized Losses (453,966) (124,213)    
Total available for sale, Fair Value 16,351,954 16,528,692    
Total available for sale, Carrying Value 16,351,954 16,528,692    
Total investments in fixed maturity securities, Amortized Value 16,838,703 16,471,304    
Fixed maturity securities, allowance for credit loss (26,531) (22,625)    
Total investments in fixed maturity securities, Gross Unrealized Gains 75,408 289,652    
Total investments in fixed maturity securities, Gross Unrealized Losses (453,966) (124,213)    
Total investments in fixed maturity securities, Fair Value 16,433,614 16,614,118    
Total investments in fixed maturity securities, Carrying Value 16,426,196 16,602,673    
State and municipal        
Debt Securities, Available-for-sale [Line Items]        
Total held to maturity, Amortized Cost 70,165 69,539    
Held-to-maturity, Allowance for Credit Loss (378) (387)    
Held to maturity, Gross Unrealized Gains 7,094 10,813    
Held to maturity, Gross Unrealized Losses 0 0    
Total held to maturity, Fair Value 76,881 79,965    
Total held to maturity, Carrying Value 69,787 69,152    
Total available for sale, Amortized Cost 3,078,004 3,176,042    
Available-for-sale, Allowance for Credit Loss 0 0    
Total available for sale, Gross Unrealized Gains 38,794 137,650    
Total available for sale, Gross Unrealized Losses (60,924) (9,559)    
Total available for sale, Fair Value 3,055,874 3,304,133    
Total available for sale, Carrying Value 3,055,874 3,304,133    
Residential mortgage-backed        
Debt Securities, Available-for-sale [Line Items]        
Total held to maturity, Amortized Cost 4,455 4,829    
Held-to-maturity, Allowance for Credit Loss 0 0    
Held to maturity, Gross Unrealized Gains 324 632    
Held to maturity, Gross Unrealized Losses 0 0    
Total held to maturity, Fair Value 4,779 5,461    
Total held to maturity, Carrying Value 4,455 4,829    
Total available for sale, Amortized Cost 1,179,468 940,744    
Available-for-sale, Allowance for Credit Loss 0 0    
Total available for sale, Gross Unrealized Gains 2,417 9,896    
Total available for sale, Gross Unrealized Losses (60,650) (11,321)    
Total available for sale, Fair Value 1,121,235 939,319    
Total available for sale, Carrying Value 1,121,235 939,319    
U.S. government and government agency        
Debt Securities, Available-for-sale [Line Items]        
Total available for sale, Amortized Cost 837,167 851,128    
Available-for-sale, Allowance for Credit Loss 0 0    
Total available for sale, Gross Unrealized Gains 2,397 8,509    
Total available for sale, Gross Unrealized Losses (20,716) (4,294)    
Total available for sale, Fair Value 818,848 855,343    
Total available for sale, Carrying Value 818,848 855,343    
Special revenue        
Debt Securities, Available-for-sale [Line Items]        
Total available for sale, Amortized Cost 1,948,586 2,016,382    
Available-for-sale, Allowance for Credit Loss 0 0    
Total available for sale, Gross Unrealized Gains 12,944 62,961    
Total available for sale, Gross Unrealized Losses (44,803) (5,706)    
Total available for sale, Fair Value 1,916,727 2,073,637    
Total available for sale, Carrying Value 1,916,727 2,073,637    
State general obligation        
Debt Securities, Available-for-sale [Line Items]        
Total available for sale, Amortized Cost 378,408 388,110    
Available-for-sale, Allowance for Credit Loss 0 0    
Total available for sale, Gross Unrealized Gains 7,043 23,152    
Total available for sale, Gross Unrealized Losses (6,574) (1,015)    
Total available for sale, Fair Value 378,877 410,247    
Total available for sale, Carrying Value 378,877 410,247    
Pre-refunded        
Debt Securities, Available-for-sale [Line Items]        
Total available for sale, Amortized Cost 165,882 202,633    
Available-for-sale, Allowance for Credit Loss 0 0    
Total available for sale, Gross Unrealized Gains 6,216 14,891    
Total available for sale, Gross Unrealized Losses 0 (574)    
Total available for sale, Fair Value 172,098 216,950    
Total available for sale, Carrying Value 172,098 216,950    
Corporate backed        
Debt Securities, Available-for-sale [Line Items]        
Total available for sale, Amortized Cost 175,070 166,943    
Available-for-sale, Allowance for Credit Loss 0 0    
Total available for sale, Gross Unrealized Gains 1,407 7,191    
Total available for sale, Gross Unrealized Losses (4,472) (1,532)    
Total available for sale, Fair Value 172,005 172,602    
Total available for sale, Carrying Value 172,005 172,602    
Local general obligation        
Debt Securities, Available-for-sale [Line Items]        
Total available for sale, Amortized Cost 410,058 401,974    
Available-for-sale, Allowance for Credit Loss 0 0    
Total available for sale, Gross Unrealized Gains 11,184 29,455    
Total available for sale, Gross Unrealized Losses (5,075) (732)    
Total available for sale, Fair Value 416,167 430,697    
Total available for sale, Carrying Value 416,167 430,697    
Commercial        
Debt Securities, Available-for-sale [Line Items]        
Total available for sale, Amortized Cost 266,921 125,709    
Available-for-sale, Allowance for Credit Loss 0 0    
Total available for sale, Gross Unrealized Gains 339 3,388    
Total available for sale, Gross Unrealized Losses (3,759) (341)    
Total available for sale, Fair Value 263,501 128,756    
Total available for sale, Carrying Value 263,501 128,756    
Mortgage-backed        
Debt Securities, Available-for-sale [Line Items]        
Total available for sale, Amortized Cost 1,446,389 1,066,453    
Available-for-sale, Allowance for Credit Loss 0 0    
Total available for sale, Gross Unrealized Gains 2,756 13,284    
Total available for sale, Gross Unrealized Losses (64,409) (11,662)    
Total available for sale, Fair Value 1,384,736 1,068,075    
Total available for sale, Carrying Value 1,384,736 1,068,075    
Asset-backed        
Debt Securities, Available-for-sale [Line Items]        
Total available for sale, Amortized Cost 4,319,535 4,504,950    
Available-for-sale, Allowance for Credit Loss 0 0    
Total available for sale, Gross Unrealized Gains 1,459 4,409    
Total available for sale, Gross Unrealized Losses (63,573) (18,794)    
Total available for sale, Fair Value 4,257,421 4,490,565    
Total available for sale, Carrying Value 4,257,421 4,490,565    
Industrial        
Debt Securities, Available-for-sale [Line Items]        
Total available for sale, Amortized Cost 3,373,710 3,231,520    
Available-for-sale, Allowance for Credit Loss (16)    
Total available for sale, Gross Unrealized Gains 12,708 62,751    
Total available for sale, Gross Unrealized Losses (115,614) (21,092)    
Total available for sale, Fair Value 3,270,804 3,273,163    
Total available for sale, Carrying Value 3,270,804 3,273,163    
Financial        
Debt Securities, Available-for-sale [Line Items]        
Total available for sale, Amortized Cost 1,747,275 1,739,282    
Available-for-sale, Allowance for Credit Loss 0 0    
Total available for sale, Gross Unrealized Gains 4,612 30,709    
Total available for sale, Gross Unrealized Losses (45,155) (6,591)    
Total available for sale, Fair Value 1,706,732 1,763,400    
Total available for sale, Carrying Value 1,706,732 1,763,400    
Utilities        
Debt Securities, Available-for-sale [Line Items]        
Total available for sale, Amortized Cost 422,354 396,242    
Available-for-sale, Allowance for Credit Loss 0 0    
Total available for sale, Gross Unrealized Gains 1,806 13,262    
Total available for sale, Gross Unrealized Losses (14,434) (3,202)    
Total available for sale, Fair Value 409,726 406,302    
Total available for sale, Carrying Value 409,726 406,302    
Other        
Debt Securities, Available-for-sale [Line Items]        
Total available for sale, Amortized Cost 206,526 154,210    
Available-for-sale, Allowance for Credit Loss 0 0    
Total available for sale, Gross Unrealized Gains 47 125    
Total available for sale, Gross Unrealized Losses (5,328) (1,525)    
Total available for sale, Fair Value 201,245 152,810    
Total available for sale, Carrying Value 201,245 152,810    
Corporate        
Debt Securities, Available-for-sale [Line Items]        
Total available for sale, Amortized Cost 5,749,865 5,521,254    
Available-for-sale, Allowance for Credit Loss 0 (16) (16) (518)
Total available for sale, Gross Unrealized Gains 19,173 106,847    
Total available for sale, Gross Unrealized Losses (180,531) (32,410)    
Total available for sale, Fair Value 5,588,507 5,595,675    
Total available for sale, Carrying Value 5,588,507 5,595,675    
Foreign government        
Debt Securities, Available-for-sale [Line Items]        
Total available for sale, Amortized Cost 1,333,123 1,277,109    
Available-for-sale, Allowance for Credit Loss (26,153) (22,222) $ (19,993) $ (1,264)
Total available for sale, Gross Unrealized Gains 3,411 7,508    
Total available for sale, Gross Unrealized Losses (63,813) (47,494)    
Total available for sale, Fair Value 1,246,568 1,214,901    
Total available for sale, Carrying Value $ 1,246,568 $ 1,214,901