Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2022

Derivative Instruments

Summary of the derivatives not designated as hedges

		September 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	$	869,504	594	$	11,840	$	526,096	482	$	23,766
Equity-indexed embedded derivatives	Deposit-type contracts		729,352	5,689		120,835		525,548	4,205		123,692

Summary of embedded derivatives related to the funds withheld provision

	September 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	$	137,868	$	132,715	$	5,153	$	74,983	$	74,670	$	313
Crestline Re SP1		293,483		292,013		1,470		228,560		228,450		110
Ironbound		162,941		157,655		5,286		154,867		155,755		(888)
Ascendent Re		56,405		55,013		1,392		56,246		56,078		168
SRC4		21,947		21,947		-
US Alliance		47,202		46,064		1,138		46,221		46,085		136
Total	$	719,846	$	705,407	$	14,439	$	560,877	$	561,038	$	(161)