XML 80 R66.htm IDEA: XBRL DOCUMENT v3.24.0.1
Investments in Fixed Maturity Securities (Investments in Fixed Maturity Securities) (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]      
Total held to maturity, Amortized Cost $ 53,415 $ 51,410  
Held-to-maturity, allowance for credit loss (43) (114) $ (387)
Total held to maturity, Gross Unrealized Gains 3,239 4,277  
Total held to maturity, Gross Unrealized Losses 0 0  
Total held to maturity, Fair Value 56,611 55,573  
Total held to maturity, Carrying Value 53,372 51,296  
Fixed maturity securities available for sale at cost 20,861,830 18,664,073  
Cumulative effect adjustment resulting from changes in accounting principles (36,708) (37,352) (22,238)
Total available for sale, Gross Unrealized Gains 110,989 32,166  
Total available for sale, Gross Unrealized Losses (811,175) (1,122,834)  
Total available for sale, Fair Value 20,124,936 17,536,053  
Total available for sale, Carrying Value 20,124,936 17,536,053  
Fixed maturity securities, amortized cost 20,915,245 18,715,483  
Total investments in fixed maturity securities, Gross Unrealized Gains 114,228 36,443  
Total investments in fixed maturity securities, Gross Unrealized Losses (811,175) (1,122,834)  
Total investments in fixed maturity securities, Fair Value 20,181,547 17,591,626  
Total investments in fixed maturity securities, carrying value 20,178,308 17,587,349  
Fixed maturity securities, allowance for credit loss (36,751) (37,466)  
State and municipal      
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]      
Total held to maturity, Amortized Cost 50,547 47,802  
Held-to-maturity, allowance for credit loss (43) (114)  
Total held to maturity, Gross Unrealized Gains 3,132 4,239  
Total held to maturity, Gross Unrealized Losses 0 0  
Total held to maturity, Fair Value 53,636 51,927  
Total held to maturity, Carrying Value 50,504 47,688  
Fixed maturity securities available for sale at cost 2,742,922 3,046,335  
Cumulative effect adjustment resulting from changes in accounting principles (757) 0  
Total available for sale, Gross Unrealized Gains 14,719 12,355  
Total available for sale, Gross Unrealized Losses (122,462) (168,592)  
Total available for sale, Fair Value 2,634,422 2,890,098  
Total available for sale, Carrying Value 2,634,422 2,890,098  
Residential mortgage-backed      
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]      
Total held to maturity, Amortized Cost 2,868 3,608  
Held-to-maturity, allowance for credit loss 0 0  
Total held to maturity, Gross Unrealized Gains 107 38  
Total held to maturity, Gross Unrealized Losses 0 0  
Total held to maturity, Fair Value 2,975 3,646  
Total held to maturity, Carrying Value 2,868 3,608  
Fixed maturity securities available for sale at cost 1,773,206 1,308,019  
Cumulative effect adjustment resulting from changes in accounting principles 0 (18)  
Total available for sale, Gross Unrealized Gains 12,780 395  
Total available for sale, Gross Unrealized Losses (163,844) (171,595)  
Total available for sale, Fair Value 1,622,142 1,136,801  
Total available for sale, Carrying Value 1,622,142 1,136,801  
U.S. government and government agency      
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]      
Fixed maturity securities available for sale at cost 1,762,997 960,479  
Cumulative effect adjustment resulting from changes in accounting principles 0 0  
Total available for sale, Gross Unrealized Gains 11,403 937  
Total available for sale, Gross Unrealized Losses (57,669) (69,158)  
Total available for sale, Fair Value 1,716,731 892,258  
Total available for sale, Carrying Value 1,716,731 892,258  
Special Revenue      
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]      
Fixed maturity securities available for sale at cost 1,682,550 1,837,309  
Cumulative effect adjustment resulting from changes in accounting principles 0 0  
Total available for sale, Gross Unrealized Gains 5,651 3,662  
Total available for sale, Gross Unrealized Losses (82,006) (119,474)  
Total available for sale, Fair Value 1,606,195 1,721,497  
Total available for sale, Carrying Value 1,606,195 1,721,497  
Debt, State Government      
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]      
Fixed maturity securities available for sale at cost 394,429 387,709  
Cumulative effect adjustment resulting from changes in accounting principles 0 0  
Total available for sale, Gross Unrealized Gains 3,550 2,651  
Total available for sale, Gross Unrealized Losses (16,405) (21,335)  
Total available for sale, Fair Value 381,574 369,025  
Total available for sale, Carrying Value 381,574 369,025  
Revenue Subject to Refund      
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]      
Fixed maturity securities available for sale at cost 103,029 156,106  
Cumulative effect adjustment resulting from changes in accounting principles 0 0  
Total available for sale, Gross Unrealized Gains 1,634 2,741  
Total available for sale, Gross Unrealized Losses (185) (7)  
Total available for sale, Fair Value 104,478 158,840  
Total available for sale, Carrying Value 104,478 158,840  
Corporation      
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]      
Fixed maturity securities available for sale at cost 166,873 210,228  
Cumulative effect adjustment resulting from changes in accounting principles (757) 0  
Total available for sale, Gross Unrealized Gains 696 334  
Total available for sale, Gross Unrealized Losses (11,973) (10,923)  
Total available for sale, Fair Value 154,839 199,639  
Total available for sale, Carrying Value 154,839 199,639  
Debt, Local Government      
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]      
Fixed maturity securities available for sale at cost 396,041 454,983  
Cumulative effect adjustment resulting from changes in accounting principles 0 0  
Total available for sale, Gross Unrealized Gains 3,188 2,967  
Total available for sale, Gross Unrealized Losses (11,893) (16,853)  
Total available for sale, Fair Value 387,336 441,097  
Total available for sale, Carrying Value 387,336 441,097  
Commercial Mortgage Backed Securities      
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]      
Fixed maturity securities available for sale at cost 657,157 547,757  
Cumulative effect adjustment resulting from changes in accounting principles (158) 0  
Total available for sale, Gross Unrealized Gains 626 215  
Total available for sale, Gross Unrealized Losses (13,312) (19,363)  
Total available for sale, Fair Value 644,313 528,609  
Total available for sale, Carrying Value 644,313 528,609  
Mortgage- Backed      
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]      
Fixed maturity securities available for sale at cost 2,430,363 1,855,776  
Cumulative effect adjustment resulting from changes in accounting principles (158) (18) 0
Total available for sale, Gross Unrealized Gains 13,406 610  
Total available for sale, Gross Unrealized Losses (177,156) (190,958)  
Total available for sale, Fair Value 2,266,455 1,665,410  
Total available for sale, Carrying Value 2,266,455 1,665,410  
Asset-backed Securities      
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]      
Fixed maturity securities available for sale at cost 4,252,883 4,132,365  
Cumulative effect adjustment resulting from changes in accounting principles (1,164) 0  
Total available for sale, Gross Unrealized Gains 8,527 2,730  
Total available for sale, Gross Unrealized Losses (73,206) (152,322)  
Total available for sale, Fair Value 4,187,040 3,982,773  
Total available for sale, Carrying Value 4,187,040 3,982,773  
Industrial Property      
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]      
Fixed maturity securities available for sale at cost 3,679,219 3,491,645  
Cumulative effect adjustment resulting from changes in accounting principles (40) (1,704)  
Total available for sale, Gross Unrealized Gains 24,312 4,439  
Total available for sale, Gross Unrealized Losses (143,936) (241,381)  
Total available for sale, Fair Value 3,559,555 3,252,999  
Total available for sale, Carrying Value 3,559,555 3,252,999  
Debt Security, Corporate, US      
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]      
Fixed maturity securities available for sale at cost 2,838,220 2,585,247  
Cumulative effect adjustment resulting from changes in accounting principles (4,986) (2,997)  
Total available for sale, Gross Unrealized Gains 14,681 5,505  
Total available for sale, Gross Unrealized Losses (68,681) (117,383)  
Total available for sale, Fair Value 2,779,234 2,470,372  
Total available for sale, Carrying Value 2,779,234 2,470,372  
Public Utility, Bonds      
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]      
Fixed maturity securities available for sale at cost 701,865 586,066  
Cumulative effect adjustment resulting from changes in accounting principles 0 0  
Total available for sale, Gross Unrealized Gains 6,471 1,307  
Total available for sale, Gross Unrealized Losses (23,412) (36,325)  
Total available for sale, Fair Value 684,924 551,048  
Total available for sale, Carrying Value 684,924 551,048  
Other Security Investments      
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]      
Fixed maturity securities available for sale at cost 635,975 441,230  
Cumulative effect adjustment resulting from changes in accounting principles 0 0  
Total available for sale, Gross Unrealized Gains 1,605 0  
Total available for sale, Gross Unrealized Losses (7,234) (11,657)  
Total available for sale, Fair Value 630,346 429,573  
Total available for sale, Carrying Value 630,346 429,573  
Corporate      
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]      
Fixed maturity securities available for sale at cost 7,855,279 7,104,188  
Cumulative effect adjustment resulting from changes in accounting principles (5,026) (4,701) (16)
Total available for sale, Gross Unrealized Gains 47,069 11,251  
Total available for sale, Gross Unrealized Losses (243,263) (406,746)  
Total available for sale, Fair Value 7,654,059 6,703,992  
Total available for sale, Carrying Value 7,654,059 6,703,992  
Foreign government      
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]      
Fixed maturity securities available for sale at cost 1,817,386 1,564,930  
Cumulative effect adjustment resulting from changes in accounting principles (29,603) (32,633) $ (22,222)
Total available for sale, Gross Unrealized Gains 15,865 4,283  
Total available for sale, Gross Unrealized Losses (137,419) (135,058)  
Total available for sale, Fair Value 1,666,229 1,401,522  
Total available for sale, Carrying Value $ 1,666,229 $ 1,401,522