v3.25.4
Fair value measurements - Financial Assets and Liabilities Measured at Fair Value (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2025
Financial assets    
Available-for-sale investments $ 2,272,486 $ 2,696,253
Derivative Asset Statement Of Financial Position Extensible Enumeration Not Disclosed Flag Other assets - Derivatives  
Fair Value, Measurements, Recurring    
Financial assets    
Available-for-sale investments $ 2,272,486 2,696,253
Other assets - Derivatives 35,478 1,064
Financial liabilities    
Other liabilities - Derivatives 2,039 5,267
Fair Value, Measurements, Recurring | Level 1    
Financial assets    
Available-for-sale investments 1,084,825 1,342,083
Other assets - Derivatives 0 0
Financial liabilities    
Other liabilities - Derivatives 0 0
Fair Value, Measurements, Recurring | Level 2    
Financial assets    
Available-for-sale investments 1,187,661 1,354,170
Other assets - Derivatives 35,478 1,064
Financial liabilities    
Other liabilities - Derivatives 2,039 5,267
US government and federal agencies    
Financial assets    
Available-for-sale investments 2,163,619 2,682,471
US government and federal agencies | Fair Value, Measurements, Recurring    
Financial assets    
Available-for-sale investments 2,163,619 2,682,471
US government and federal agencies | Fair Value, Measurements, Recurring | Level 1    
Financial assets    
Available-for-sale investments 991,357 1,342,083
US government and federal agencies | Fair Value, Measurements, Recurring | Level 2    
Financial assets    
Available-for-sale investments 1,172,262 1,340,388
Non-US governments debt securities    
Financial assets    
Available-for-sale investments 93,468 0
Non-US governments debt securities | Fair Value, Measurements, Recurring    
Financial assets    
Available-for-sale investments 93,468 0
Non-US governments debt securities | Fair Value, Measurements, Recurring | Level 1    
Financial assets    
Available-for-sale investments 93,468 0
Non-US governments debt securities | Fair Value, Measurements, Recurring | Level 2    
Financial assets    
Available-for-sale investments 0 0
Asset-backed securities - Student loans    
Financial assets    
Available-for-sale investments 40 0
Asset-backed securities - Student loans | Fair Value, Measurements, Recurring    
Financial assets    
Available-for-sale investments 40 0
Asset-backed securities - Student loans | Fair Value, Measurements, Recurring | Level 1    
Financial assets    
Available-for-sale investments 0 0
Asset-backed securities - Student loans | Fair Value, Measurements, Recurring | Level 2    
Financial assets    
Available-for-sale investments 40 0
Residential mortgage-backed securities    
Financial assets    
Available-for-sale investments 15,359 13,782
Residential mortgage-backed securities | Fair Value, Measurements, Recurring    
Financial assets    
Available-for-sale investments 15,359 13,782
Residential mortgage-backed securities | Fair Value, Measurements, Recurring | Level 1    
Financial assets    
Available-for-sale investments 0 0
Residential mortgage-backed securities | Fair Value, Measurements, Recurring | Level 2    
Financial assets    
Available-for-sale investments $ 15,359 $ 13,782