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Separate Accounts (Tables)
3 Months Ended
Mar. 31, 2023
Separate Accounts Disclosure [Abstract]  
Schedule of Fair Value of Separate Accounts by Major Category of Investment

The following table represents the fair value of assets supporting separate accounts assets by major investment category:

 

 

 

March 31, 2023

 

 

December 31, 2022

 

 

 

(In thousands)

 

Fixed-income securities

 

$

850,880

 

 

$

796,384

 

Equity securities

 

 

1,358,331

 

 

 

1,340,541

 

Cash and cash equivalents

 

 

130,713

 

 

 

181,162

 

Due to/from funds

 

 

(9,983

)

 

 

(12,399

)

Other

 

 

27

 

 

 

29

 

Total separate accounts assets

 

$

2,329,968

 

 

$

2,305,717

 

Schedule of Balances and Changes in Seperate Account Liabilities

The following table represents the balances of and changes in separate account liabilities:

 

 

Three months ended

 

 

Year ended

 

 

 

March 31, 2023

 

 

December 31, 2022

 

 

 

(In thousands)

 

Separate account liabilities balance, beginning of period

 

$

2,305,717

 

 

$

2,799,992

 

Premiums and deposits

 

 

77,897

 

 

 

253,982

 

Surrenders and withdrawals

 

 

(108,494

)

 

 

(293,278

)

Investment performance

 

 

67,262

 

 

 

(202,997

)

Management fees and other charges

 

 

(15,140

)

 

 

(62,281

)

Foreign exchange translation

 

 

2,726

 

 

 

(189,701

)

Separate accounts liabilities balance, end of period

 

$

2,329,968

 

 

$

2,305,717

 

Cash surrender value

 

$

2,293,074

 

 

$

2,268,436