XML 44 R33.htm IDEA: XBRL DOCUMENT v3.21.2
Amortized Cost and Fair Value of Available For Sale Securities (Detail) - USD ($)
$ in Thousands
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Schedule of Available-for-sale Securities [Line Items]            
Debt securities, amortized cost $ 15,331,053   $ 14,898,522      
Debt securities, gross unrealized gains 583,300   762,200      
Debt securities, gross unrealized losses (49,100)   (39,600)      
Debt securities, allowance for credit losses (361) $ (600) (2,579) $ (8,900) $ (31,400) $ 0
Debt securities, fair value 15,864,867   15,618,470      
Amortized Cost or Cost 15,710,100   15,612,700      
Gross Unrealized Gains 583,300   762,200      
Gross Unrealized Losses (49,100)   (39,600)      
Allowance for Credit Losses (400)   (2,600)      
Fair Value 16,243,900   16,332,700      
U.S. Government obligations            
Schedule of Available-for-sale Securities [Line Items]            
Debt securities, amortized cost 2,024,300   1,317,600      
Debt securities, gross unrealized gains 31,000   44,000      
Debt securities, gross unrealized losses (8,400)   (1,500)      
Debt securities, allowance for credit losses 0   0      
Debt securities, fair value 2,046,900   1,360,100      
Municipal bonds            
Schedule of Available-for-sale Securities [Line Items]            
Debt securities, amortized cost 2,452,100   2,489,100      
Debt securities, gross unrealized gains 150,100   168,300      
Debt securities, gross unrealized losses (1,400)   (600)      
Debt securities, allowance for credit losses 0   0      
Debt securities, fair value 2,600,800   2,656,800      
Foreign government obligations            
Schedule of Available-for-sale Securities [Line Items]            
Debt securities, amortized cost 817,800   846,600      
Debt securities, gross unrealized gains 20,000   33,400      
Debt securities, gross unrealized losses (4,600)   (500)      
Debt securities, allowance for credit losses 0   0      
Debt securities, fair value 833,200   879,500      
U.S. corporate bonds            
Schedule of Available-for-sale Securities [Line Items]            
Debt securities, amortized cost 3,128,500   3,262,000      
Debt securities, gross unrealized gains 215,300   289,700      
Debt securities, gross unrealized losses (10,800)   (3,500)      
Debt securities, allowance for credit losses (400)   (2,500)      
Debt securities, fair value 3,332,600   3,545,700      
Foreign corporate bonds            
Schedule of Available-for-sale Securities [Line Items]            
Debt securities, amortized cost 1,260,000   1,268,300      
Debt securities, gross unrealized gains 35,200   55,600      
Debt securities, gross unrealized losses (4,100)   (700)      
Debt securities, allowance for credit losses 0   (100)      
Debt securities, fair value 1,291,100   1,323,100      
RMBS            
Schedule of Available-for-sale Securities [Line Items]            
Debt securities, amortized cost 1,906,300   2,533,600      
Debt securities, gross unrealized gains 52,100   78,300      
Debt securities, gross unrealized losses (10,900)   (500)      
Debt securities, allowance for credit losses 0   0      
Debt securities, fair value [1] 1,947,500   2,611,400      
CMBS            
Schedule of Available-for-sale Securities [Line Items]            
Debt securities, amortized cost 869,400   852,600      
Debt securities, gross unrealized gains 41,200   45,300      
Debt securities, gross unrealized losses (2,100)   (7,600)      
Debt securities, allowance for credit losses 0   0      
Debt securities, fair value 908,500   890,300      
Other asset-backed securities            
Schedule of Available-for-sale Securities [Line Items]            
Debt securities, amortized cost [2] 2,872,700   2,328,700      
Debt securities, gross unrealized gains [2] 38,400   47,600      
Debt securities, gross unrealized losses [2] (6,800)   (24,700)      
Debt securities, allowance for credit losses [2] 0   0      
Debt securities, fair value [2] 2,904,300   2,351,600      
Short-term Investments            
Schedule of Available-for-sale Securities [Line Items]            
Amortized Cost or Cost 379,000   714,200      
Gross Unrealized Gains 0   0      
Gross Unrealized Losses 0   0      
Allowance for Credit Losses 0   0      
Fair Value $ 379,000   $ 714,200      
[1] Primarily includes government agency pass-through securities guaranteed by a government agency or government sponsored enterprise, among other types of RMBS.
[2] Includes $1,356.3 million and $878.4 million of collateralized loan obligations as of June 30, 2021 and December 31, 2020, respectively.