XML 78 R66.htm IDEA: XBRL DOCUMENT v3.22.0.1
Fair Value of Assets and Liabilities (Quantitative Info for Level 3 Inputs) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Corporate securities $ 106,174 $ 105,508
Fair Value, Measurements, Recurring    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Future policy benefits 9,047,956 13,227,814
Policyholders’ account balances $ 3,245,773 1,155,274
Level 3 | Minimum      
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Fair Value Inputs, Policyholder Age 45 years  
Level 3 | Minimum   | Future policy benefits    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Mortality rate 0.00%  
Level 3 | Maximum    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Fair Value Inputs, Policyholder Age 90 years  
Level 3 | Fair Value, Measurements, Recurring    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Future policy benefits $ 9,047,956 13,227,814
Policyholders’ account balances $ 3,245,773 $ 1,155,274
Level 3 | Internal | Minimum   | Discounted cash flow | Future policy benefits    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Lapse rate 1.00% 1.00%
Spread over LIBOR 0.03% 0.06%
Utilization rate 39.00% 39.00%
Withdrawal rate (greater than maximum range) 76.00% 76.00%
Mortality rate 0.00% 0.00%
Equity volatility curve 16.00% 18.00%
Level 3 | Internal | Minimum   | Discounted cash flow | Policyholders' account balances    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Lapse rate 1.00% 1.00%
Spread over LIBOR 0.03% 0.06%
Mortality rate 0.00% 0.00%
Equity volatility curve 6.00% 15.00%
Level 3 | Internal | Minimum   | Discounted cash flow | Corporate securities    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Discount rate 1.65% 0.99%
Liquidation value 62.58%  
Level 3 | Internal | Minimum   | Market comparables | Corporate securities    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
EBITDA multiples 4.9  
Level 3 | Internal | Maximum | Discounted cash flow | Future policy benefits    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Lapse rate 20.00% 20.00%
Spread over LIBOR 1.13% 1.17%
Utilization rate 96.00% 96.00%
Withdrawal rate (greater than maximum range) 100.00% 100.00%
Mortality rate 15.00% 15.00%
Equity volatility curve 25.00% 26.00%
Level 3 | Internal | Maximum | Discounted cash flow | Policyholders' account balances    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Lapse rate 42.00% 6.00%
Spread over LIBOR 1.13% 1.17%
Mortality rate 23.00% 24.00%
Equity volatility curve 31.00% 30.00%
Level 3 | Internal | Maximum | Discounted cash flow | Corporate securities    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Discount rate 20.00% 11.38%
Liquidation value 62.58%  
Level 3 | Internal | Maximum | Market comparables | Corporate securities    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
EBITDA multiples 19.2  
Level 3 | Internal | Weighted Average | Discounted cash flow | Corporate securities    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Discount rate 4.57% 3.44%
Liquidation value 62.58%  
Level 3 | Internal | Weighted Average | Market comparables | Corporate securities    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
EBITDA multiples 9.0  
Level 3 | Internal | Fair Value, Measurements, Recurring | Future policy benefits    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Future policy benefits $ 9,047,956 $ 13,227,814
Level 3 | Internal | Fair Value, Measurements, Recurring | Policyholders' account balances    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Policyholders’ account balances 3,245,773 1,155,274
Level 3 | Internal | Fair Value, Measurements, Recurring | Corporate securities    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Corporate securities 312,139 151,554
Level 3 | Internal | Fair Value, Measurements, Recurring | Reinsurance recoverables    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Reinsurance recoverables $ 931,207 $ 13,239,539