FAIR VALUE MEASUREMENTS - Breakout of Asset Net Purchases/Issuances/Sales/Settlements (Details) - Level III - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
|
|
|
|
Purchases |
$ 4,698,574
|
$ 5,475,047
|
$ 9,551,076
|
$ 12,265,988
|
Issuances |
0
|
0
|
0
|
10,435
|
Sales |
(1,373,071)
|
(1,505,773)
|
(1,779,830)
|
(3,424,881)
|
Settlements |
(305,358)
|
(836,208)
|
(842,502)
|
(1,380,965)
|
Net Purchases/Issuances/Sales/Settlements |
3,020,145
|
3,133,066
|
6,928,744
|
7,470,577
|
Asset Management |
|
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
|
|
|
|
Purchases |
4,315,231
|
3,955,865
|
8,604,394
|
7,105,243
|
Issuances |
0
|
0
|
0
|
0
|
Sales |
(1,363,094)
|
(1,153,373)
|
(1,757,041)
|
(3,014,089)
|
Settlements |
(50,116)
|
(267,151)
|
(201,484)
|
(285,013)
|
Net Purchases/Issuances/Sales/Settlements |
2,902,021
|
2,535,341
|
6,645,869
|
3,806,141
|
Insurance |
|
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
|
|
|
|
Purchases |
383,343
|
1,519,182
|
946,682
|
5,160,745
|
Issuances |
0
|
0
|
0
|
10,435
|
Sales |
(9,977)
|
(352,400)
|
(22,789)
|
(410,792)
|
Settlements |
(255,242)
|
(569,057)
|
(641,018)
|
(1,095,952)
|
Net Purchases/Issuances/Sales/Settlements |
118,124
|
597,725
|
282,875
|
3,664,436
|
Investments | Private Equity | Asset Management |
|
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
|
|
|
|
Purchases |
1,966,888
|
152,355
|
2,922,825
|
1,056,616
|
Issuances |
0
|
0
|
0
|
0
|
Sales |
(3,752)
|
(154,987)
|
(26,262)
|
(378,456)
|
Settlements |
0
|
0
|
0
|
0
|
Net Purchases/Issuances/Sales/Settlements |
1,963,136
|
(2,632)
|
2,896,563
|
678,160
|
Investments | Credit | Asset Management |
|
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
|
|
|
|
Purchases |
296,290
|
254,525
|
737,023
|
773,876
|
Issuances |
0
|
0
|
0
|
0
|
Sales |
(824,088)
|
(162,001)
|
(1,103,069)
|
(1,047,331)
|
Settlements |
(14,089)
|
(267,151)
|
(99,509)
|
(285,013)
|
Net Purchases/Issuances/Sales/Settlements |
(541,887)
|
(174,627)
|
(465,555)
|
(558,468)
|
Investments | Real Assets | Asset Management |
|
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
|
|
|
|
Purchases |
1,965,000
|
2,866,531
|
4,256,691
|
4,377,318
|
Issuances |
0
|
0
|
0
|
0
|
Sales |
(410,939)
|
(780,656)
|
(486,551)
|
(1,282,802)
|
Settlements |
0
|
0
|
(1,039)
|
0
|
Net Purchases/Issuances/Sales/Settlements |
1,554,061
|
2,085,875
|
3,769,101
|
3,094,516
|
Investments | Equity Method - Other | Asset Management |
|
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
|
|
|
|
Purchases |
3,651
|
570,347
|
10,123
|
612,166
|
Issuances |
0
|
0
|
0
|
0
|
Sales |
(795)
|
(4,388)
|
(1,623)
|
(6,025)
|
Settlements |
0
|
0
|
0
|
0
|
Net Purchases/Issuances/Sales/Settlements |
2,856
|
565,959
|
8,500
|
606,141
|
Investments | Other Investments | Asset Management |
|
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
|
|
|
|
Purchases |
83,402
|
67,684
|
675,579
|
229,560
|
Issuances |
0
|
0
|
0
|
0
|
Sales |
(123,520)
|
(51,341)
|
(139,536)
|
(299,475)
|
Settlements |
(36,027)
|
0
|
(100,936)
|
0
|
Net Purchases/Issuances/Sales/Settlements |
(76,145)
|
16,343
|
435,107
|
(69,915)
|
Investments | Other Derivatives | Asset Management |
|
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
|
|
|
|
Purchases |
0
|
44,423
|
2,153
|
55,707
|
Issuances |
0
|
0
|
0
|
0
|
Sales |
0
|
0
|
0
|
0
|
Settlements |
0
|
0
|
0
|
0
|
Net Purchases/Issuances/Sales/Settlements |
0
|
44,423
|
2,153
|
55,707
|
AFS fixed maturity securities | Insurance |
|
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
|
|
|
|
Purchases |
303,913
|
794,393
|
716,114
|
1,950,981
|
Issuances |
0
|
0
|
0
|
0
|
Sales |
(5,080)
|
(70,112)
|
(5,668)
|
(128,504)
|
Settlements |
(220,896)
|
(410,053)
|
(543,610)
|
(887,910)
|
Net Purchases/Issuances/Sales/Settlements |
77,937
|
314,228
|
166,836
|
934,567
|
AFS fixed maturity securities | AFS corporate securities | Insurance |
|
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
|
|
|
|
Purchases |
215,605
|
672,049
|
450,987
|
1,596,721
|
Issuances |
0
|
0
|
0
|
0
|
Sales |
(5,080)
|
(70,112)
|
(5,668)
|
(128,504)
|
Settlements |
(162,459)
|
(244,904)
|
(463,337)
|
(719,579)
|
Net Purchases/Issuances/Sales/Settlements |
48,066
|
357,033
|
(18,018)
|
748,638
|
AFS fixed maturity securities | Structured securities | Insurance |
|
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
|
|
|
|
Purchases |
88,308
|
122,344
|
265,127
|
354,260
|
Issuances |
0
|
0
|
0
|
0
|
Sales |
0
|
0
|
0
|
0
|
Settlements |
(58,437)
|
(165,149)
|
(80,273)
|
(168,331)
|
Net Purchases/Issuances/Sales/Settlements |
29,871
|
(42,805)
|
184,854
|
185,929
|
Fixed maturity securities, trading, at fair value | Insurance |
|
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
|
|
|
|
Purchases |
19,933
|
70,179
|
52,300
|
414,449
|
Issuances |
0
|
0
|
0
|
0
|
Sales |
0
|
(601)
|
(1,694)
|
(601)
|
Settlements |
(17,847)
|
(79,739)
|
(62,396)
|
(97,374)
|
Net Purchases/Issuances/Sales/Settlements |
2,086
|
(10,161)
|
(11,790)
|
316,474
|
Fixed maturity securities, trading, at fair value | AFS corporate securities | Insurance |
|
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
|
|
|
|
Purchases |
7,146
|
29,638
|
14,863
|
218,655
|
Issuances |
0
|
0
|
0
|
0
|
Sales |
0
|
(601)
|
(1,000)
|
(601)
|
Settlements |
(4,037)
|
(17,042)
|
(38,647)
|
(23,627)
|
Net Purchases/Issuances/Sales/Settlements |
3,109
|
11,995
|
(24,784)
|
194,427
|
Fixed maturity securities, trading, at fair value | Structured securities | Insurance |
|
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
|
|
|
|
Purchases |
12,787
|
40,541
|
37,437
|
195,794
|
Issuances |
0
|
0
|
0
|
0
|
Sales |
0
|
0
|
(694)
|
0
|
Settlements |
(13,810)
|
(62,697)
|
(23,749)
|
(73,747)
|
Net Purchases/Issuances/Sales/Settlements |
(1,023)
|
(22,156)
|
12,994
|
122,047
|
Equity securities at fair value | Insurance |
|
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
|
|
|
|
Net Purchases/Issuances/Sales/Settlements |
0
|
0
|
0
|
0
|
Mortgage and other loan receivables | Insurance |
|
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
|
|
|
|
Purchases |
257
|
13,053
|
634
|
233,278
|
Issuances |
0
|
0
|
0
|
0
|
Sales |
0
|
(7,302)
|
(3,078)
|
(7,302)
|
Settlements |
(16,563)
|
(80,538)
|
(24,422)
|
(97,566)
|
Net Purchases/Issuances/Sales/Settlements |
(16,306)
|
(74,787)
|
(26,866)
|
128,410
|
Other investments | Insurance |
|
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
|
|
|
|
Purchases |
59,240
|
641,557
|
177,634
|
2,562,037
|
Issuances |
0
|
0
|
0
|
0
|
Sales |
(4,897)
|
(274,385)
|
(12,349)
|
(274,385)
|
Settlements |
0
|
0
|
0
|
0
|
Net Purchases/Issuances/Sales/Settlements |
54,343
|
367,172
|
165,285
|
2,287,652
|
Income assumed from funds withheld receivable at interest | Insurance |
|
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
|
|
|
|
Purchases |
|
0
|
|
0
|
Issuances |
|
0
|
|
10,435
|
Sales |
|
0
|
|
0
|
Settlements |
|
0
|
|
0
|
Net Purchases/Issuances/Sales/Settlements |
0
|
0
|
0
|
10,435
|
Reinsurance recoverable | Insurance |
|
|
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
|
|
|
|
Purchases |
0
|
0
|
0
|
0
|
Issuances |
0
|
0
|
0
|
0
|
Sales |
0
|
0
|
0
|
0
|
Settlements |
64
|
1,273
|
(10,590)
|
(13,102)
|
Net Purchases/Issuances/Sales/Settlements |
$ 64
|
$ 1,273
|
$ (10,590)
|
$ (13,102)
|