XML 61 R51.htm IDEA: XBRL DOCUMENT v3.22.2.2
Fair Value of Assets and Liabilities (Financial Instruments where Carrying Amounts and Fair Values May Differ) (Details) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets:    
Policy loans $ 499,612 $ 1,327,485
Cash and cash equivalents 2,400,480 918,931
Accrued investment income 191,602 160,027
Reinsurance recoverables 35,398,214 38,598,767
Receivables from parent and affiliates 207,961 278,131
Liabilities:    
Cash collateral for loaned securities 194,927 3,004
Fair Value    
Assets:    
Commercial mortgage and other loans 4,046,382 2,883,710
Policy loans 499,612 1,327,485
Short-term Investments 172,840 37,000
Cash and cash equivalents 816,226 482,299
Accrued investment income 191,602 160,027
Reinsurance recoverables 24,534 29,931
Receivables from parent and affiliates 60,065 116,086
Other assets 619,851 568,981
Total assets 6,431,112 5,605,519
Liabilities:    
Policyholders’ account balances - investment contracts 4,064,014 3,947,337
Cash collateral for loaned securities 194,927 3,004
Long-term debt to affiliates 295,260 319,225
Payables to parent and affiliates 56,103 31,775
Other liabilities 1,015,584 898,879
Total liabilities 5,625,888 5,200,220
Carrying Amount    
Assets:    
Commercial mortgage and other loans 4,385,543 2,832,560
Policy loans 499,612 1,327,485
Short-term Investments 172,840 37,000
Cash and cash equivalents 816,226 482,299
Accrued investment income 191,602 160,027
Reinsurance recoverables 26,975 28,883
Receivables from parent and affiliates 60,065 116,086
Other assets 619,851 568,981
Total assets 6,772,714 5,553,321
Liabilities:    
Policyholders’ account balances - investment contracts 4,086,739 3,941,822
Cash collateral for loaned securities 194,927 3,004
Long-term debt to affiliates 313,521 320,362
Payables to parent and affiliates 56,103 31,775
Other liabilities 1,015,584 898,879
Total liabilities 5,666,874 5,195,842
Level 1 | Fair Value    
Assets:    
Commercial mortgage and other loans 0 0
Policy loans 0 0
Short-term Investments 172,840 37,000
Cash and cash equivalents 816,226 297,299
Accrued investment income 0 0
Reinsurance recoverables 0 0
Receivables from parent and affiliates 0 0
Other assets 0 0
Total assets 989,066 334,299
Liabilities:    
Policyholders’ account balances - investment contracts 0 0
Cash collateral for loaned securities 0 0
Long-term debt to affiliates 0 0
Payables to parent and affiliates 0 0
Other liabilities 0 0
Total liabilities 0 0
Level 2 | Fair Value    
Assets:    
Commercial mortgage and other loans 0 0
Policy loans 0 0
Short-term Investments 0 0
Cash and cash equivalents 0 185,000
Accrued investment income 191,602 160,027
Reinsurance recoverables 0 0
Receivables from parent and affiliates 60,065 116,086
Other assets 42,104 134,598
Total assets 293,771 595,711
Liabilities:    
Policyholders’ account balances - investment contracts 1,250,349 1,356,850
Cash collateral for loaned securities 194,927 3,004
Long-term debt to affiliates 295,260 319,225
Payables to parent and affiliates 56,103 31,775
Other liabilities 982,334 864,788
Total liabilities 2,778,973 2,575,642
Level 3 | Fair Value    
Assets:    
Commercial mortgage and other loans 4,046,382 2,883,710
Policy loans 499,612 1,327,485
Short-term Investments 0 0
Cash and cash equivalents 0 0
Accrued investment income 0 0
Reinsurance recoverables 24,534 29,931
Receivables from parent and affiliates 0 0
Other assets 577,747 434,383
Total assets 5,148,275 4,675,509
Liabilities:    
Policyholders’ account balances - investment contracts 2,813,665 2,590,487
Cash collateral for loaned securities 0 0
Long-term debt to affiliates 0 0
Payables to parent and affiliates 0 0
Other liabilities 33,250 34,091
Total liabilities $ 2,846,915 $ 2,624,578