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INVESTMENT OPERATIONS - Summary of Major Categories of Net Investment Income (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Debt and Equity Securities, FV-NI [Line Items]                      
Investment income before other investment expenses                 $ 3,081,471 $ 3,004,422 $ 2,506,125
Investment expenses                 198,508 185,592 167,223
Net investment income $ 651,377 $ 738,171 $ 740,435 $ 752,980 $ 752,503 $ 739,711 $ 685,194 $ 641,422 2,882,963 2,818,830 2,338,902
Fixed maturities                      
Debt and Equity Securities, FV-NI [Line Items]                      
Investment income before other investment expenses                 2,475,295 2,465,902 2,043,183
Equity securities                      
Debt and Equity Securities, FV-NI [Line Items]                      
Investment income before other investment expenses                 24,492 30,647 35,282
Commercial mortgage loans                      
Debt and Equity Securities, FV-NI [Line Items]                      
Investment income before other investment expenses                 442,752 388,656 322,206
Investment real estate                      
Debt and Equity Securities, FV-NI [Line Items]                      
Investment income before other investment expenses                 989 1,045 1,778
Short-term investments                      
Debt and Equity Securities, FV-NI [Line Items]                      
Investment income before other investment expenses                 $ 137,943 $ 118,172 $ 103,676