XML 38 R28.htm IDEA: XBRL DOCUMENT v3.22.2.2
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)