Fixed Maturity Securities In An Unrealized Loss Position (Tables)

6 Months Ended

Jun. 30, 2026

Investments, Debt and Equity Securities [Abstract]

Securities in an unrealized loss position

The following tables summarize all fixed maturity securities in an unrealized loss position at June 30, 2026 and December 31, 2025 by the length of time those securities have been continuously in an unrealized loss position:


			Less Than 12 Months												12 Months or Greater												Total
(In thousands)			Fair Value						Gross Unrealized Losses						Fair Value						Gross Unrealized Losses						Fair Value						Gross Unrealized Losses
June 30, 2026
U.S. government and government agency			$	2,154,637					$	37,852					$	157,648					$	7,394					$	2,312,285					$	45,246
State and municipal			224,424						2,075						882,149						35,362						1,106,573						37,437
Mortgage-backed			1,332,386						17,449						664,655						126,316						1,997,041						143,765
Asset-backed			1,377,150						7,857						419,348						14,270						1,796,498						22,127
Corporate			2,663,342						29,546						1,267,870						48,749						3,931,212						78,295
Foreign government			1,029,973						12,368						221,743						178,000						1,251,716						190,368
Fixed maturity securities			$	8,781,912					$	107,147					$	3,613,413					$	410,091					$	12,395,325					$	517,238





December 31, 2025
U.S. government and government agency			$	790,077					$	8,902					$	183,896					$	6,255					$	973,973					$	15,157
State and municipal			141,680						1,520						1,053,168						36,893						1,194,848						38,413
Mortgage-backed			251,861						2,265						839,061						130,415						1,090,922						132,680
Asset-backed			644,346						1,643						503,876						15,600						1,148,222						17,243
Corporate			494,240						4,308						1,786,925						58,671						2,281,165						62,979
Foreign government			666,054						9,770						285,640						168,090						951,694						177,860
Fixed maturity securities			$	2,988,258					$	28,408					$	4,652,566					$	415,924					$	7,640,824					$	444,332

Non-Investment Grade Fixed Maturity Securities

A summary of the Company’s non-investment grade fixed maturity securities that were in an unrealized loss position at June 30, 2026 is presented in the table below:


($ in thousands)			Number of Securities						Aggregate Fair Value						Gross Unrealized Loss
Foreign government			56						$	167,337					$	172,029
State and municipal			2						9,159						839
Corporate			6						8,417						311

Mortgage-backed			13						1,524						122

Total			77						$	186,437					$	173,301