XML 94 R85.htm IDEA: XBRL DOCUMENT v3.23.2
Policyholder Liabilities - Schedule of Changes in the Liability for Market Risk Benefits (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Market Risk Benefit Liability      
Beginning balance, market risk benefit $ 2,635,789    
Ending balance, market risk benefit 2,225,621 $ 2,635,789  
Fixed Rate Annuities      
Market Risk Benefit Liability      
Beginning balance, market risk benefit 78,411 73,904  
Balance, beginning of year, before effect of changes in the instrument-specific credit risk 77,731 74,371  
Issuances 376 23  
Interest accrual 1,349 986  
Attributed fees collected 1,270 1,326  
Benefits payments 0 0  
Effect of changes in interest rates (19,421) (4,091)  
Effect of changes in equity markets 0 0  
Effect of changes in equity index volatility 0 0  
Actual policyholder behavior different from expected behavior 0 0  
Effect of changes in future expected policyholder behavior 602 369  
Effect of changes in other future expected assumptions (17,552) 4,747  
Balance, end of year, before effect of changes in the instrument-specific credit 44,355 77,731  
Effect of changes in the instrument-specific credit risk (6,492) 680  
Ending balance, market risk benefit 37,863 78,411  
Reinsured MRB, end of period 10,656 0 $ 0
Balance, end of period, net of reinsurance 27,207 78,411  
Net amount at risk $ 258,826 $ 239,995  
Weighted average attained age of contract holders (years) 69 years 69 years  
Fixed Index Annuities      
Market Risk Benefit Liability      
Beginning balance, market risk benefit $ 2,557,378 $ 2,294,129  
Balance, beginning of year, before effect of changes in the instrument-specific credit risk 2,310,437 2,064,555  
Issuances 59,452 22,836  
Interest accrual 72,551 39,614  
Attributed fees collected 125,168 122,756  
Benefits payments 0 0  
Effect of changes in interest rates (952,265) (206,055)  
Effect of changes in equity markets 186,618 (151,145)  
Effect of changes in equity index volatility 241,563 (57,940)  
Actual policyholder behavior different from expected behavior 0 0  
Effect of changes in future expected policyholder behavior 46,567 142,713  
Effect of changes in other future expected assumptions 363,078 333,103  
Balance, end of year, before effect of changes in the instrument-specific credit 2,453,169 2,310,437  
Effect of changes in the instrument-specific credit risk (265,411) 246,941  
Ending balance, market risk benefit 2,187,758 2,557,378  
Reinsured MRB, end of period 593,959 156,931 $ 90,022
Balance, end of period, net of reinsurance 1,593,799 2,400,447  
Net amount at risk $ 10,987,198 $ 10,001,385  
Weighted average attained age of contract holders (years) 71 years 70 years