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Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net income $ 215,260 $ 223,973 $ 438,870 $ 461,457
Unrealized gains (losses) on fixed maturities:        
Total unrealized investment gains (losses) (294,471) (2,018,116) 216,805 (4,314,784)
Less applicable tax (expense) benefit 61,836 423,810 (45,532) 906,109
Unrealized gains (losses) on investments, net of tax (232,635) (1,594,306) 171,273 (3,408,675)
Future Policy Benefits:        
Change in discount rate on future policy benefits 306,211 2,791,287 (414,679) 5,596,798
Less applicable tax (expense) benefit (64,305) (586,174) 87,082 (1,175,330)
Future policy benefit adjustments, net of tax 241,906 2,205,113 (327,597) 4,421,468
Foreign exchange translation:        
Foreign exchange translation adjustments, other than securities 10,358 (18,409) 3,842 (14,181)
Less applicable tax (expense) benefit (2,176) 3,865 (808) 2,978
Foreign exchange translation adjustments, other than securities, net of tax 8,182 (14,544) 3,034 (11,203)
Pension:        
Pension adjustments (323) 3,441 (371) 6,878
Less applicable tax (expense) benefit 66 (723) 77 (1,445)
Pension adjustments, net of tax (257) 2,718 (294) 5,433
Other comprehensive income (loss) 17,196 598,981 (153,584) 1,007,023
Comprehensive income (loss) 232,456 822,954 285,286 1,468,480
Securities        
Unrealized gains (losses) on fixed maturities:        
Unrealized holding gains (losses) arising during period (333,329) (2,042,210) 135,790 (4,335,132)
Other reclassification adjustments included in net income 49,425 22,259 82,015 18,229
Foreign exchange adjustment on fixed maturities recorded at fair value $ (10,567) $ 1,835 $ (1,000) $ 2,119