XML 103 R73.htm IDEA: XBRL DOCUMENT v3.20.4
Fair Value of Financial Instruments - Quantitative Information about Level 3 Fair Value Measurements (Details)
$ in Thousands
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 6,345,290 $ 5,791,676
Equity securities at fair value 121,653 101,864
Fair Value, Inputs, Level 3    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Equity securities at fair value 303  
Derivatives embedded in fixed indexed annuity products $ 104,488  
Weighted Average | discounted cash flow | Fair Value, Inputs, Level 3 | lapse rate    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivatives embedded in fixed indexed annuity products, measurement input 0.0530  
Weighted Average | discounted cash flow | Fair Value, Inputs, Level 3 | Mortality multiplier    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivatives embedded in fixed indexed annuity products, measurement input 0.6300  
Weighted Average | discounted cash flow | Fair Value, Inputs, Level 3 | non-performance adjustment    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivatives embedded in fixed indexed annuity products, measurement input 0.0500  
Minimum | discounted cash flow | Fair Value, Inputs, Level 3 | option budget    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivatives embedded in fixed indexed annuity products, measurement input 0.0090  
Minimum | Black-Scholes | Fair Value, Inputs, Level 3 | equity value    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Equity securities, measurement input 0.3100  
Maximum | discounted cash flow | Fair Value, Inputs, Level 3 | option budget    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Derivatives embedded in fixed indexed annuity products, measurement input 0.0250  
Maximum | Black-Scholes | Fair Value, Inputs, Level 3 | equity value    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Equity securities, measurement input 0.4100  
Municipal bonds    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 1,827,497 1,686,203
Municipal bonds | Fair Value, Inputs, Level 3    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 59,590  
Municipal bonds | Minimum | discounted cash flow | Fair Value, Inputs, Level 3 | I spread    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.0307  
Municipal bonds | Maximum | discounted cash flow | Fair Value, Inputs, Level 3 | I spread    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.0391  
Corporate bonds    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 2,122,899 1,581,424
Corporate bonds | Fair Value, Inputs, Level 3    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 155,816  
Corporate bonds | Weighted Average | market comparable | Fair Value, Inputs, Level 3 | option adjusted spread    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.1254  
Corporate bonds | Minimum | discounted cash flow | Fair Value, Inputs, Level 3 | N spread    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.0272  
Corporate bonds | Maximum | discounted cash flow | Fair Value, Inputs, Level 3 | N spread    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.0553  
Other asset-backed securities    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 1,231,850 1,295,492
Other asset-backed securities | Fair Value, Inputs, Level 3    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 128,283  
Other asset-backed securities | Weighted Average | discounted cash flow | Fair Value, Inputs, Level 3 | constant prepayment rate    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.2000  
Other asset-backed securities | Weighted Average | discounted cash flow | Fair Value, Inputs, Level 3 | P D I interest margin    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.0713  
Other asset-backed securities | Weighted Average | discounted cash flow | Fair Value, Inputs, Level 3 | S B L interest margin    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.0450  
Other asset-backed securities | Minimum | discounted cash flow | Fair Value, Inputs, Level 3 | T spread    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.0235  
Other asset-backed securities | Minimum | vendor price | Fair Value, Inputs, Level 3 | haircut    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.0300  
Other asset-backed securities | Maximum | discounted cash flow | Fair Value, Inputs, Level 3 | T spread    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.0800  
Other asset-backed securities | Maximum | vendor price | Fair Value, Inputs, Level 3 | haircut    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.0500  
Government mortgage-backed securities    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 684,838 $ 724,319
Government mortgage-backed securities | Fair Value, Inputs, Level 3    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 11,074  
Government mortgage-backed securities | Minimum | vendor price | Fair Value, Inputs, Level 3 | haircut    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.0300  
Government mortgage-backed securities | Maximum | vendor price | Fair Value, Inputs, Level 3 | haircut    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Debt securities, measurement input 0.0500