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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement of Comprehensive Income [Abstract]      
Net income $ 1,070,762 $ 970,755 $ 894,386
Unrealized gains (losses) on fixed maturities:      
Unrealized holding gains (losses) arising during period (630,042) 671,211 (5,332,818)
Other reclassification adjustments included in net income 3,764 80,238 32,377
Foreign exchange adjustment on fixed maturities recorded at fair value 3,469 (715) 1,749
Total unrealized investment gains (losses) (622,809) 750,734 (5,298,692)
Less applicable tax (expense) benefit 130,787 (157,658) 1,112,730
Unrealized gains (losses) on investments, net of tax (492,022) 593,076 (4,185,962)
Future Policy Benefits:      
Change in discount rate on future policy benefits 1,567,530 (731,883) 7,021,147
Less applicable tax (expense) benefit (329,181) 153,696 (1,474,441)
Future policy benefit adjustments, net of tax 1,238,349 (578,187) 5,546,706
Foreign exchange translation:      
Foreign exchange translation adjustments, other than securities (33,516) 8,102 (26,494)
Less applicable tax (expense) benefit 7,040 (1,702) 5,565
Foreign exchange translation adjustments, other than securities, net of tax (26,476) 6,400 (20,929)
Pension:      
Amortization of pension costs 474 (390) 13,754
Plan amendments (1,212) 0 0
Experience gain (loss) 29,659 (3,907) 119,055
Pension adjustments 28,921 (4,297) 132,809
Less applicable tax (expense) benefit (6,073) 902 (27,889)
Pension adjustments, net of tax 22,848 (3,395) 104,920
Other comprehensive income (loss) 742,699 17,894 1,444,735
Comprehensive income (loss) $ 1,813,461 $ 988,649 $ 2,339,121