XML 49 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Statement of Comprehensive Income [Abstract]      
Net income $ 970,755 $ 894,386 $ 1,031,114
Unrealized gains (losses) on fixed maturities:      
Unrealized holding gains (losses) arising during period 671,211 (5,332,818) (492,267)
Other reclassification adjustments included in net income 80,238 32,377 (31,710)
Foreign exchange adjustment on fixed maturities recorded at fair value (715) 1,749 4,632
Total unrealized investment gains (losses) 750,734 (5,298,692) (519,345)
Less applicable tax (expense) benefit (157,658) 1,112,730 109,063
Unrealized gains (losses) on investments, net of tax 593,076 (4,185,962) (410,282)
Future Policy benefits:      
Change in discount rate on future policy benefits (731,883) 7,021,147 1,156,763
Less applicable tax (expense) benefit 153,696 (1,474,441) (242,920)
Future policy benefit adjustments, net of tax (578,187) 5,546,706 913,843
Foreign exchange translation:      
Foreign exchange translation adjustments, other than securities 8,102 (26,494) (5,131)
Less applicable tax (expense) benefit (1,702) 5,565 1,077
Foreign exchange translation adjustments, other than securities, net of tax 6,400 (20,929) (4,054)
Pension:      
Amortization of pension costs (390) 13,754 20,797
Plan amendments 0 0 (4,565)
Experience gain (loss) (3,907) 119,055 61,299
Pension adjustments (4,297) 132,809 77,531
Less applicable tax (expense) benefit 902 (27,889) (16,281)
Pension adjustments, net of tax (3,395) 104,920 61,250
Other comprehensive income (loss) 17,894 1,444,735 560,757
Comprehensive income (loss) $ 988,649 $ 2,339,121 $ 1,591,871