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Derivative Instruments (Tables)
 9 Months Ended
Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value The table below provides a summary of the gross notional amount and fair value of derivative contracts by the primary underlying risks, excluding embedded derivatives and associated reinsurance recoverables. Many derivative instruments contain multiple underlying risks. The fair value amounts below represent the value of derivative contracts prior to taking into account the netting effects of master netting agreements and cash collateral.
 September 30, 2020December 31, 2019
Primary Underlying Risk/Instrument Type Fair Value Fair Value
Gross NotionalAssetsLiabilitiesGross NotionalAssetsLiabilities
 (in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Currency/Interest Rate
Interest Rate Swaps$3,522 $230 $0 $3,615 $0 $(50)
Foreign Currency Swaps801,073 57,632 (6,014)773,933 36,551 (12,471)
Total Derivatives Designated as Hedge Accounting Instruments$804,595 $57,862 $(6,014)$777,548 $36,551 $(12,521)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate
Interest Rate Swaps$618,050 $67,222 $(14,285)$569,925 $33,256 $(4,490)
Foreign Currency
Foreign Currency Forwards39,641 470 (82)21,580 0 (518)
Credit
Credit Default Swaps2,313 31 0 0 0 0 
Currency/Interest Rate
Foreign Currency Swaps150,766 11,568 (706)151,792 7,563 (1,892)
Equity
Equity Options3,133,300 197,824 (109,356)2,680,048 174,398 (78,381)
Total Derivatives Not Qualifying as Hedge Accounting Instruments$3,944,070 $277,115 $(124,429)$3,423,345 $215,217 $(85,281)
Total Derivatives(1)(2)$4,748,665 $334,977 $(130,443)$4,200,893 $251,768 $(97,802)

(1)Excludes embedded derivatives and associated reinsurance recoverables which contain multiple underlying risks. The fair value of these embedded derivatives was a net liability of $16,661 million and $8,530 million as of September 30, 2020 and December 31, 2019, respectively included in "Future policy benefits" and $1,077 million and $962 million as of September 30, 2020 and December 31, 2019, respectively included in "Policyholders' account balances". The fair value of the related reinsurance, included in "Reinsurance recoverables" or "Other liabilities" was an asset of $16,675 million and $8,540 million as of September 30, 2020 and December 31, 2019, respectively.
(2)Recorded in “Other invested assets” and “Payables to parent and affiliates” on the Unaudited Interim Consolidated Statements of Financial Position.
Offsetting Of Financial Assets
The following table presents recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements that are offset in the Unaudited Interim Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Unaudited Interim Consolidated Statements of Financial Position.
 September 30, 2020
 Gross
Amounts of
Recognized
Financial
Instruments		Gross
Amounts
Offset in the
Consolidated Statements of
Financial
Position		Net Amounts
Presented in
the Consolidated Statements
of Financial
Position		Financial
Instruments/
Collateral (1)		Net
Amount
 (in thousands)
Offsetting of Financial Assets:
Derivatives(1)$334,977 $(309,388)$25,589 $(25,589)$0 
Securities purchased under agreements to resell0 0 0 0 0 
Total Assets$334,977 $(309,388)$25,589 $(25,589)$0 
Offsetting of Financial Liabilities:
Derivatives(1)$130,443 $(130,443)$0 $0 $0 
Securities sold under agreements to repurchase0 0 0 0 0 
Total Liabilities$130,443 $(130,443)$0 $0 $0 

 December 31, 2019
 Gross
Amounts of
Recognized
Financial
Instruments		Gross
Amounts
Offset in the Consolidated
Statements of
Financial
Position		Net Amounts
Presented in
the Consolidated Statements
of Financial
Position		Financial
Instruments/
Collateral (1)		Net
Amount
 (in thousands)
Offsetting of Financial Assets:
Derivatives(1)$251,765 $(239,220)$12,545 $(12,545)$0 
Securities purchased under agreements to resell0 0 0 0 0 
Total Assets$251,765 $(239,220)$12,545 $(12,545)$0 
Offsetting of Financial Liabilities:
Derivatives(1)$97,802 $(97,802)$0 $0 $0 
Securities sold under agreements to repurchase0 0 0 0 0 
Total Liabilities$97,802 $(97,802)$0 $0 $0 

(1)Amounts exclude the excess of collateral received/pledged from/to the counterparty.
Offsetting Of Financial Liabilities
The following table presents recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements that are offset in the Unaudited Interim Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Unaudited Interim Consolidated Statements of Financial Position.
 September 30, 2020
 Gross
Amounts of
Recognized
Financial
Instruments		Gross
Amounts
Offset in the
Consolidated Statements of
Financial
Position		Net Amounts
Presented in
the Consolidated Statements
of Financial
Position		Financial
Instruments/
Collateral (1)		Net
Amount
 (in thousands)
Offsetting of Financial Assets:
Derivatives(1)$334,977 $(309,388)$25,589 $(25,589)$0 
Securities purchased under agreements to resell0 0 0 0 0 
Total Assets$334,977 $(309,388)$25,589 $(25,589)$0 
Offsetting of Financial Liabilities:
Derivatives(1)$130,443 $(130,443)$0 $0 $0 
Securities sold under agreements to repurchase0 0 0 0 0 
Total Liabilities$130,443 $(130,443)$0 $0 $0 

 December 31, 2019
 Gross
Amounts of
Recognized
Financial
Instruments		Gross
Amounts
Offset in the Consolidated
Statements of
Financial
Position		Net Amounts
Presented in
the Consolidated Statements
of Financial
Position		Financial
Instruments/
Collateral (1)		Net
Amount
 (in thousands)
Offsetting of Financial Assets:
Derivatives(1)$251,765 $(239,220)$12,545 $(12,545)$0 
Securities purchased under agreements to resell0 0 0 0 0 
Total Assets$251,765 $(239,220)$12,545 $(12,545)$0 
Offsetting of Financial Liabilities:
Derivatives(1)$97,802 $(97,802)$0 $0 $0 
Securities sold under agreements to repurchase0 0 0 0 0 
Total Liabilities$97,802 $(97,802)$0 $0 $0 

(1)Amounts exclude the excess of collateral received/pledged from/to the counterparty.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The following tables provide the financial statement classification and impact of derivatives used in qualifying and non-qualifying hedge relationships, excluding the offset of the hedged item in an effective hedge relationship.
 Three Months Ended September 30, 2020
 Realized
Investment
Gains (Losses)		Net
Investment
Income		Other
Income		AOCI(1)
 (in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Cash flow hedges
Interest Rate$0 $11 $0 $(15)
Currency/Interest Rate70 2,699 (5,994)(39,642)
Total cash flow hedges70 2,710 (5,994)(39,657)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate(4,439)0 0 0 
Currency(1,557)0 0 0 
Currency/Interest Rate(7,669)0 (67)0 
Credit(4)0 0 0 
Equity30,813 0 0 0 
Embedded Derivatives(18,609)0 0 0 
Total Derivatives Not Qualifying as Hedge Accounting Instruments(1,465)0 (67)0 
Total$(1,395)$2,710 $(6,061)$(39,657)

 Nine Months Ended September 30, 2020
 Realized
Investment
Gains (Losses)		Net
Investment
Income		Other
Income		AOCI(1)
 (in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Cash flow hedges
Interest Rate$(44)$9 $0 $313 
Currency/Interest Rate841 8,073 (853)27,772 
Total cash flow hedges797 8,082 (853)28,085 
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate25,270 0 0 0 
Currency(531)0 0 0 
Currency/Interest Rate7,004 0 (19)0 
Credit(229)0 0 0 
Equity(1,305)0 0 0 
Embedded Derivatives(15,297)0 0 0 
Total Derivatives Not Qualifying as Hedge Accounting Instruments14,912 0 (19)0 
Total$15,709 $8,082 $(872)$28,085 
 Three Months Ended September 30, 2019
 Realized
Investment
Gains (Losses)		Net
Investment
Income		Other
Income		AOCI(1)
 (in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Cash flow hedges
Currency/Interest Rate$695 $2,308 $4,661 $25,481 
Total cash flow hedges695 2,308 4,661 25,481 
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate12,731 0 0 0 
Currency903 0 0 0 
Currency/Interest Rate6,304 0 37 0 
Credit0 0 0 0 
Equity3,956 0 0 0 
Embedded Derivatives(12,460)0 0 0 
Total Derivatives Not Qualifying as Hedge Accounting Instruments11,434 0 37 0 
Total$12,129 $2,308 $4,698 $25,481 

 Nine Months Ended September 30, 2019
 Realized
Investment
Gains (Losses)		Net
Investment
Income		Other
Income		AOCI(1)
 (in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Cash flow hedges
Currency/Interest Rate$447 $6,589 $4,627 $32,143 
Total cash flow hedges447 6,589 4,627 32,143 
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate28,028 0 0 0 
Currency1,226 0 0 0 
Currency/Interest Rate9,407 0 42 0 
Credit(1)0 0 0 
Equity45,485 0 0 0 
Embedded Derivatives(166,786)0 0 0 
Total Derivatives Not Qualifying as Hedge Accounting Instruments(82,641)0 42 0 
Total$(82,194)$6,589 $4,669 $32,143 

(1)Net change in AOCI.
Schedule of Derivative Instruments Recognized in Accumulated Other Comprehensive Income (Loss) Before Taxes
Presented below is a rollforward of current period cash flow hedges in AOCI before taxes:
 (in thousands)    
Balance, December 31, 2019$26,126 
Amount recorded in AOCI
Interest Rate278 
Currency/Interest Rate35,833 
Total amount recorded in AOCI36,111 
Amount reclassified from AOCI to income
Interest Rate35 
Currency/Interest Rate(8,061)
Total amount reclassified from AOCI to income(8,026)
Balance, September 30, 2020$54,211