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Derivative Instruments (Tables)
6 Months Ended
Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of the derivatives not designated as hedges

    

June 30, 2022

December 31, 2021

Location in the

(In thousands, except number of contracts)

Consolidated

Derivatives Not Designated

Statement of

Notional

Number of

Estimated

Notional

Number of

Estimated

as Hedging Instruments

Balance Sheets

Amount

Contracts

Fair Value

Amount

Contracts

Fair Value

Equity-indexed options

Derivatives

$

648,853

521

$

5,376

$

526,096

482

$

23,766

Equity-indexed
embedded derivatives

Deposit-type
contracts

645,766

5,139

107,281

525,548

4,205

123,692

Summary of embedded derivatives related to the funds withheld provision

    

June 30, 2022

December 31, 2021

(In thousands)

Book Value

Market Value

Total Return

Book Value

Market Value

Total Return

Portfolio

Assets

Assets

Swap Value

Assets

Assets

Swap Value

American Republic Insurance Company

$

110,646

$

107,843

$

2,803

$

74,983

$

74,670

$

313

Crestline Re SP1

267,896

271,291

(3,395)

228,560

228,450

110

Ironbound

165,940

163,608

2,332

154,867

155,755

(888)

Ascendent Re

58,156

57,444

712

56,246

56,078

168

US Alliance

47,427

46,936

491

46,221

46,085

136

Total

$

650,065

$

647,122

$

2,943

$

560,877

$

561,038

$

(161)