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Financial Instruments Measured at Fair Value and Level of Fair Value Hierarchy of Inputs (Detail) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of equities $ 2,092,267 $ 3,572,790
Estimated fair value of available for sale debt securities 14,488,289 11,823,968
Estimated fair value of investments (excluding equity method investments and loans) [1] 17,582,000 16,291,300
Senior Notes and other debt [2] 1,908,900 1,795,500
Common Stock    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of equities 2,088,200 3,567,400
Preferred Stock    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of equities 4,100 5,400
U.S. Government obligations    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of available for sale debt securities 1,288,200 1,022,400
Municipal bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of available for sale debt securities 2,348,700 2,214,700
Foreign government obligations    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of available for sale debt securities 756,900 947,900
U.S. corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of available for sale debt securities 3,326,000 2,385,300
Foreign corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of available for sale debt securities 1,454,100 1,353,300
RMBS    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of available for sale debt securities [3] 1,935,700 1,387,900
CMBS    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of available for sale debt securities 821,500 533,300
Other asset-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of available for sale debt securities [4] 2,557,200 1,979,200
Short-term Investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of investments (excluding equity method investments and loans) 968,500 893,800
Other invested assets    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of investments (excluding equity method investments and loans) [5] 32,900 700
Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of equities 2,084,900 3,563,900
Estimated fair value of investments (excluding equity method investments and loans) 2,117,500 3,563,900
Level 1 | Common Stock    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of equities 2,084,900 3,563,900
Level 1 | Other invested assets    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of investments (excluding equity method investments and loans) [5] 32,600  
Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of equities 3,300 3,500
Estimated fair value of available for sale debt securities 12,893,300 10,004,500
Estimated fair value of investments (excluding equity method investments and loans) 13,865,100 10,901,800
Senior Notes and other debt 1,597,600 1,510,500
Level 2 | Common Stock    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of equities 3,300 3,500
Level 2 | U.S. Government obligations    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of available for sale debt securities 1,288,200 1,022,400
Level 2 | Municipal bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of available for sale debt securities 2,348,700 2,214,700
Level 2 | Foreign government obligations    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of available for sale debt securities 756,900 947,900
Level 2 | U.S. corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of available for sale debt securities 2,754,700 1,959,600
Level 2 | Foreign corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of available for sale debt securities 1,298,000 1,226,400
Level 2 | RMBS    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of available for sale debt securities [3] 1,934,000 1,387,900
Level 2 | CMBS    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of available for sale debt securities 821,500 533,300
Level 2 | Other asset-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of available for sale debt securities [4] 1,691,300 712,300
Level 2 | Short-term Investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of investments (excluding equity method investments and loans) 968,500 893,800
Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of equities 4,100 5,400
Estimated fair value of available for sale debt securities 1,595,000 1,819,500
Estimated fair value of investments (excluding equity method investments and loans) 1,599,400 1,825,600
Senior Notes and other debt 311,300 285,000
Level 3 | Preferred Stock    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of equities 4,100 5,400
Level 3 | U.S. corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of available for sale debt securities 571,300 425,700
Level 3 | Foreign corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of available for sale debt securities 156,100 126,900
Level 3 | RMBS    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of available for sale debt securities [3] 1,700  
Level 3 | Other asset-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of available for sale debt securities [4] 865,900 1,266,900
Level 3 | Other invested assets    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of investments (excluding equity method investments and loans) [5] $ 300 $ 700
[1] This table includes debt and equity securities, as well as partnership and non-marketable equity investments and derivatives accounted for at fair value that are included in other invested assets. This table excludes investments accounted for using the equity method and commercial mortgage loans that are accounted for at unpaid principal balance. The fair value of short-term investments approximates amortized cost. The fair value of all other categories of investments is disclosed below.
[2] See Note 8 to Notes to Consolidated Financial Statements set forth in Part II, Item 8, “Financial Statements and Supplementary Data” of the 2018 Form 10-K for additional information on the senior notes and other debt.
[3] Primarily includes government agency pass-through securities guaranteed by a government agency or government sponsored enterprise, among other types of RMBS.
[4] Includes $842.1 million and $1,266.9 million of collateralized loan obligations as of September 30, 2019 and December 31, 2018, respectively.
[5] Includes partnership and non-marketable equity investments accounted for at fair value, and excludes investments accounted for using the equity method. Also, as further described in Note 3(d), other invested assets as of September 30, 2019 includes the fair value of an exchange-traded equity derivative index put option (the “Put Option”), which is classified as Level 1.