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Separate Accounts (Tables)
12 Months Ended
Dec. 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 by major investment category:

 

 

 

Year ended December 31,

 

 

 

2023

 

 

2022

 

 

 

(In thousands)

 

Fixed-income securities

 

$

876,524

 

 

$

796,384

 

Equity securities

 

 

1,436,122

 

 

 

1,340,541

 

Cash and cash equivalents

 

 

87,530

 

 

 

181,162

 

Due to/from funds

 

 

(4,357

)

 

 

(12,399

)

Other

 

 

23

 

 

 

29

 

Total separate account assets

 

$

2,395,842

 

 

$

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:

 

 

Year ended December 31,

 

 

 

2023

 

 

2022

 

 

 

(In thousands)

 

Separate account liabilities balance, beginning of period

 

$

2,305,717

 

 

$

2,799,992

 

Premiums and deposits

 

 

186,631

 

 

 

253,982

 

Surrenders and withdrawals

 

 

(343,473

)

 

 

(293,278

)

Investment performance

 

 

245,565

 

 

 

(202,997

)

Management fees and other charges

 

 

(62,159

)

 

 

(62,281

)

Foreign exchange translation

 

 

63,561

 

 

 

(189,701

)

Separate account liabilities balance, end of period

 

$

2,395,842

 

 

$

2,305,717

 

Cash surrender value

 

$

2,354,813

 

 

$

2,268,436