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Deferred Policy Acquisition Costs (Tables)
12 Months Ended
Dec. 31, 2022
Deferred Policy Acquisition Costs Disclosures [Abstract]  
Deferred Policy Acquisition Costs Balance Roll Forward

The balances and activity in DAC were as follows:

 

 

 

Year ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

 

 

(In thousands)

 

DAC balance, beginning of period

 

$

2,943,782

 

 

$

2,629,644

 

 

$

2,325,750

 

Capitalization

 

 

514,597

 

 

 

562,999

 

 

 

522,705

 

Amortization

 

 

(356,143

)

 

 

(251,179

)

 

 

(224,321

)

Foreign exchange translation and other

 

 

(20,350

)

 

 

2,318

 

 

 

5,510

 

DAC balance, end of period

 

$

3,081,886

 

 

$

2,943,782

 

 

$

2,629,644