XML 79 R67.htm IDEA: XBRL DOCUMENT v3.22.0.1
Fair Value of Assets and Liabilities (Changes in Level 3 Assets and Liabilities) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Equity securities      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Fair Value, beginning of period $ 7,889 $ 9,898  
Purchases 0 0  
Sales 0 (4,830)  
Issuances 0 0  
Settlements 0 0  
Other 3,874 0  
Transfers into Level 3 0 0  
Transfers out of Level 3 0 0  
Fair Value, end of period 12,472 7,889 $ 9,898
Total gains (losses) (realized/unrealized):      
Included in earnings 709 2,821  
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 709 1,211  
Equity securities | Realized investment gains (losses), net      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0 0
Equity securities | Other income      
Total gains (losses) (realized/unrealized):      
Included in earnings 709 2,821 1,668
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 709 1,211 1,534
Equity securities | Included in other comprehensive income (loss)      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0  
Equity securities | Net investment income      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Other invested assets      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Fair Value, beginning of period 0 4  
Purchases 0 0  
Sales 0 0  
Issuances 0 0  
Settlements 0 0  
Other 0 0  
Transfers into Level 3 0 0  
Transfers out of Level 3 0 0  
Fair Value, end of period 0 0 4
Total gains (losses) (realized/unrealized):      
Included in earnings 0 (4)  
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 (4)  
Other invested assets | Realized investment gains (losses), net      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 (4) 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 (4) 0
Other invested assets | Other income      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0 0
Other invested assets | Included in other comprehensive income (loss)      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0  
Other invested assets | Net investment income      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Short-term investments      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Fair Value, beginning of period 0 0  
Purchases 0 0  
Sales 0 0  
Issuances 0 0  
Settlements (1,871) 0  
Other 1,690 0  
Transfers into Level 3 0 0  
Transfers out of Level 3 0 0  
Fair Value, end of period 0 0 0
Total gains (losses) (realized/unrealized):      
Included in earnings 181 0  
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0  
Short-term investments | Realized investment gains (losses), net      
Total gains (losses) (realized/unrealized):      
Included in earnings 181 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0 0
Short-term investments | Other income      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0 0
Short-term investments | Included in other comprehensive income (loss)      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0  
Short-term investments | Net investment income      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Cash equivalents      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Fair Value, beginning of period 0 0  
Purchases 0 0  
Sales 0 0  
Issuances 0 0  
Settlements (1,377) 0  
Other 1,230 0  
Transfers into Level 3 0 0  
Transfers out of Level 3 0 0  
Fair Value, end of period 0 0 0
Total gains (losses) (realized/unrealized):      
Included in earnings 147 0  
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0  
Cash equivalents | Realized investment gains (losses), net      
Total gains (losses) (realized/unrealized):      
Included in earnings 147 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0 0
Cash equivalents | Other income      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0 0
Cash equivalents | Included in other comprehensive income (loss)      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0  
Cash equivalents | Net investment income      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Other assets      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Fair Value, beginning of period 0 0  
Purchases 1,170 0  
Sales 0 0  
Issuances 0 0  
Settlements (899) 0  
Other 71,408 0  
Transfers into Level 3 0 0  
Transfers out of Level 3 0 0  
Fair Value, end of period 72,937 0 0
Total gains (losses) (realized/unrealized):      
Included in earnings 1,258 0  
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 359 0  
Other assets | Realized investment gains (losses), net      
Total gains (losses) (realized/unrealized):      
Included in earnings 1,258 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 359 0 0
Other assets | Other income      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0 0
Other assets | Included in other comprehensive income (loss)      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0  
Other assets | Net investment income      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Reinsurance recoverables      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Fair Value, beginning of period 13,239,539 8,539,671  
Purchases 629,259 1,095,793  
Sales 0 0  
Issuances 0 0  
Settlements 0 0  
Other 0 0  
Transfers into Level 3 0 0  
Transfers out of Level 3 0 0  
Fair Value, end of period 931,207 13,239,539 8,539,671
Total gains (losses) (realized/unrealized):      
Included in earnings (12,937,591) 3,604,075  
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings (545,001) 3,889,923  
Reinsurance recoverables | Realized investment gains (losses), net      
Total gains (losses) (realized/unrealized):      
Included in earnings (12,937,591) 3,604,075 1,936,363
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings (545,001) 3,889,923 2,142,421
Reinsurance recoverables | Other income      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0 0
Reinsurance recoverables | Included in other comprehensive income (loss)      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0  
Reinsurance recoverables | Net investment income      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Receivables from parent and affiliates      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Fair Value, beginning of period 0 3,135  
Purchases 0 0  
Sales 0 0  
Issuances 0 0  
Settlements 0 (3,158)  
Other 0 0  
Transfers into Level 3 0 0  
Transfers out of Level 3 0 0  
Fair Value, end of period 0 0 3,135
Total gains (losses) (realized/unrealized):      
Included in earnings 0 23  
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0  
Receivables from parent and affiliates | Realized investment gains (losses), net      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0 0
Receivables from parent and affiliates | Other income      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0 0
Receivables from parent and affiliates | Included in other comprehensive income (loss)      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0  
Receivables from parent and affiliates | Net investment income      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 23 190
Future policy benefits      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Fair Value, beginning of period (13,227,814) (8,529,566)  
Purchases 0 0  
Sales 0 0  
Issuances (1,101,695) (1,087,967)  
Settlements 0 0  
Other 0 0  
Transfers into Level 3 0 0  
Transfers out of Level 3 0 0  
Fair Value, end of period (9,047,956) (13,227,814) (8,529,566)
Total gains (losses) (realized/unrealized):      
Included in earnings 5,281,553 (3,610,281)  
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 4,647,753 (3,896,128)  
Future policy benefits | Realized investment gains (losses), net      
Total gains (losses) (realized/unrealized):      
Included in earnings 5,281,553 (3,610,281) (1,945,323)
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 4,647,753 (3,896,128) (2,151,380)
Future policy benefits | Other income      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0 0
Future policy benefits | Included in other comprehensive income (loss)      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0  
Future policy benefits | Net investment income      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Policyholders' account balances      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Fair Value, beginning of period (1,155,274) (962,351)  
Purchases 0 0  
Sales 0 0  
Issuances (265,807) (162,724)  
Settlements 0 0  
Other (1,746,371) 0  
Transfers into Level 3 0 0  
Transfers out of Level 3 0 0  
Fair Value, end of period (3,245,773) (1,155,274) (962,351)
Total gains (losses) (realized/unrealized):      
Included in earnings (78,321) (30,199)  
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 5,476 3,853  
Policyholders' account balances | Realized investment gains (losses), net      
Total gains (losses) (realized/unrealized):      
Included in earnings (78,321) (30,199) (765,917)
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 5,476 3,853 (759,661)
Policyholders' account balances | Other income      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0 0
Policyholders' account balances | Included in other comprehensive income (loss)      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0  
Policyholders' account balances | Net investment income      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Available-for-sale | Fixed maturities | Realized investment gains (losses), net      
Total gains (losses) (realized/unrealized):      
Included in earnings (832) (5,019) (8,198)
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings (1,778) (4,773) (8,467)
Available-for-sale | Fixed maturities | Other income      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0 0
Available-for-sale | Fixed maturities | Included in other comprehensive income (loss)      
Total gains (losses) (realized/unrealized):      
Included in earnings (6,318) 19,106 3,615
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings (5,346) 18,962  
Available-for-sale | Fixed maturities | Net investment income      
Total gains (losses) (realized/unrealized):      
Included in earnings 388 145 680
Available-for-sale | Fixed maturities | US government      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Fair Value, beginning of period 55,000 38,671  
Purchases 0 16,329  
Sales (55,000) 0  
Issuances 0 0  
Settlements 0 0  
Other 0 0  
Transfers into Level 3 0 0  
Transfers out of Level 3 0 0  
Fair Value, end of period 0 55,000 38,671
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0  
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0  
Available-for-sale | Fixed maturities | Foreign government      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Fair Value, beginning of period 163 163  
Purchases 0 0  
Sales 0 0  
Issuances 0 0  
Settlements 0 0  
Other 0 0  
Transfers into Level 3 0 0  
Transfers out of Level 3 0 0  
Fair Value, end of period 150 163 163
Total gains (losses) (realized/unrealized):      
Included in earnings (13) 0  
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings (15) (1)  
Available-for-sale | Fixed maturities | Corporate securities      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Fair Value, beginning of period 174,776 50,083  
Purchases 95,294 11,121  
Sales (5,085) (3,680)  
Issuances 0 0  
Settlements (28,690) (7,850)  
Other 156,667 (1,914)  
Transfers into Level 3 9,313 114,695  
Transfers out of Level 3 (5,727) (2,394)  
Fair Value, end of period 385,634 174,776 50,083
Total gains (losses) (realized/unrealized):      
Included in earnings (10,914) 14,715  
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings (11,298) 14,679  
Available-for-sale | Fixed maturities | Structured securities      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Fair Value, beginning of period 2,065 2,001  
Purchases 74,800 7,444  
Sales (29) (6)  
Issuances 0 0  
Settlements (1,761) (1,255)  
Other 32,859 0  
Transfers into Level 3 107,038 0  
Transfers out of Level 3 (45,193) (5,636)  
Fair Value, end of period 173,944 2,065 2,001
Total gains (losses) (realized/unrealized):      
Included in earnings 4,165 (483)  
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 4,189 (489)  
Trading | Fixed maturities      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Fair Value, beginning of period 755 668  
Purchases 0 0  
Sales 0 0  
Issuances 0 0  
Settlements 0 0  
Other 0 0  
Transfers into Level 3 0 0  
Transfers out of Level 3 801 0  
Fair Value, end of period 0 755 668
Total gains (losses) (realized/unrealized):      
Included in earnings 46 87  
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 46 87  
Trading | Fixed maturities | Realized investment gains (losses), net      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0 0
Trading | Fixed maturities | Other income      
Total gains (losses) (realized/unrealized):      
Included in earnings 46 87 (83)
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 46 87 (83)
Trading | Fixed maturities | Included in other comprehensive income (loss)      
Total gains (losses) (realized/unrealized):      
Included in earnings 0 0 0
Unrealized gains (losses) for assets/liabilities still held:      
Included in earnings 0 0  
Trading | Fixed maturities | Net investment income      
Total gains (losses) (realized/unrealized):      
Included in earnings $ 0 $ 0 $ 0