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Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2022
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 of the netting effects of master netting agreements and cash collateral.
 December 31, 2022December 31, 2021
Primary Underlying Risk/Instrument TypeGross
Notional		Fair ValueGross
Notional		Fair Value
AssetsLiabilitiesAssetsLiabilities
 (in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Currency/Interest Rate
Interest Rate Swaps$3,225 $0 $(316)$3,344 $55 $0 
Foreign Currency Swaps1,933,343 233,812 (10,462)886,552 37,259 (6,900)
Total Derivatives Designated as Hedge Accounting Instruments$1,936,568 $233,812 $(10,778)$889,896 $37,314 $(6,900)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate
Interest Rate Swaps$138,419,110 $6,757,890 $(17,092,749)$130,358,860 $5,698,740 $(10,348,130)
Interest Rate Futures2,425,500 3,267 (201)4,109,300 2,876 (2,709)
Interest Rate Swaptions8,368,000 123,168 (225,125)9,883,000 280,323 (173,863)
Interest Rate Forwards1,104,000 11,265 (12,359)195,000 3,760 (991)
Foreign Currency
Foreign Currency Forwards364,946 590 (10,423)119,653 842 (1,063)
Credit
Credit Default Swaps47,450 346 0 306,900 24,789 0 
Currency/Interest Rate
Foreign Currency Swaps2,289,170 194,412 (14,624)2,139,523 68,477 (23,251)
Equity
Total Return Swaps15,958,130 120,341 (175,104)15,129,666 66,627 (475,209)
Equity Options25,187,516 239,003 (1,112,196)19,461,881 902,050 (1,535,272)
Futures876,790 956 (513)5,015,002 736 (6,595)
Total Derivatives Not Qualifying as Hedge Accounting Instruments$195,040,612 $7,451,238 $(18,643,294)$186,718,785 $7,049,220 $(12,567,083)
Total Derivatives(1)(2)$196,977,180 $7,685,050 $(18,654,072)$187,608,681 $7,086,534 $(12,573,983)
(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 $4,541 million and $9,048 million as of December 31, 2022 and 2021, respectively included in "Future policy benefits" and $3,502 million and $3,246 million as of December 31, 2022 and 2021, respectively included in "Policyholders' account balances". Other assets included $141 million and $73 million as of December 31, 2022 and 2021, respectively. Other liabilities included $10 million and $13 million as of December 31, 2022 and 2021, respectively. The fair value of the related reinsurance, included in "Reinsurance recoverables" and/or "Reinsurance payables" was an asset of $431 million and $931 million as of December 31, 2022 and 2021, respectively.
(2)Recorded in “Other invested assets” and “Payables to parent and affiliates” on the 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 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 Consolidated Statements of Financial Position.
 December 31, 2022
 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$7,685,050 $(7,637,939)$47,111 $0 $47,111 
Securities purchased under agreements to resell290,000 0 290,000 (290,000)0 
Total Assets$7,975,050 $(7,637,939)$337,111 $(290,000)$47,111 
Offsetting of Financial Liabilities:
Derivatives$18,654,072 $(16,568,912)$2,085,160 $(2,085,160)$0 
Securities sold under agreements to repurchase0 0 0 0 0 
Total Liabilities$18,654,072 $(16,568,912)$2,085,160 $(2,085,160)$0 

 December 31, 2021
 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$7,086,534 $(6,818,009)$268,525 $0 $268,525 
Securities purchased under agreements to resell185,000 0 185,000 (185,000)0 
Total Assets$7,271,534 $(6,818,009)$453,525 $(185,000)$268,525 
Offsetting of Financial Liabilities:
Derivatives$12,573,983 $(12,568,082)$5,901 $(5,901)$0 
Securities sold under agreements to repurchase0 0 0 0 0 
Total Liabilities$12,573,983 $(12,568,082)$5,901 $(5,901)$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 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 Consolidated Statements of Financial Position.
 December 31, 2022
 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$7,685,050 $(7,637,939)$47,111 $0 $47,111 
Securities purchased under agreements to resell290,000 0 290,000 (290,000)0 
Total Assets$7,975,050 $(7,637,939)$337,111 $(290,000)$47,111 
Offsetting of Financial Liabilities:
Derivatives$18,654,072 $(16,568,912)$2,085,160 $(2,085,160)$0 
Securities sold under agreements to repurchase0 0 0 0 0 
Total Liabilities$18,654,072 $(16,568,912)$2,085,160 $(2,085,160)$0 

 December 31, 2021
 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$7,086,534 $(6,818,009)$268,525 $0 $268,525 
Securities purchased under agreements to resell185,000 0 185,000 (185,000)0 
Total Assets$7,271,534 $(6,818,009)$453,525 $(185,000)$268,525 
Offsetting of Financial Liabilities:
Derivatives$12,573,983 $(12,568,082)$5,901 $(5,901)$0 
Securities sold under agreements to repurchase0 0 0 0 0 
Total Liabilities$12,573,983 $(12,568,082)$5,901 $(5,901)$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.
  
Year Ended December 31, 2022
 Realized
Investment
Gains (Losses)		Net
Investment
Income		Other
Income		Change in AOCI
 (in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Cash flow hedges
Interest Rate$1 $(8)$0 $(312)
Currency/Interest Rate7,636 36,734 34,070 99,043 
Total cash flow hedges7,637 36,726 34,070 98,731 
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate(4,568,107)0 0 0 
Currency18,952 0 0 0 
Currency/Interest Rate107,388 0 557 0 
Credit(15,904)0 0 0 
Equity1,090,215 0 0 0 
Embedded Derivatives4,572,185 0 0 0 
Total Derivatives Not Qualifying as Hedge Accounting Instruments1,204,729 0 557 0 
Total$1,212,366 $36,726 $34,627 $98,731 

  
Year Ended December 31, 2021
 Realized
Investment
Gains (Losses)		Net
Investment
Income		Other
Income		Change in AOCI
 (in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Cash flow hedges
Interest Rate$2 $47 $0 $(161)
Currency/Interest Rate1,357 15,983 11,119 48,169 
Total cash flow hedges1,359 16,030 11,119 48,008 
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate(20,596)0 0 0 
Currency2,006 0 0 0 
Currency/Interest Rate44,350 0 79 0 
Credit2,892 0 0 0 
Equity(944,765)0 0 0 
Embedded Derivatives(1)(4,376,289)0 0 0 
Total Derivatives Not Qualifying as Hedge Accounting Instruments(5,292,402)0 79 0 
Total$(5,291,043)$16,030 $11,198 $48,008 
 Year Ended December 31, 2020
 Realized
Investment
Gains (Losses)		Net
Investment
Income		Other
Income		Change in AOCI
 (in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Cash flow hedges
Interest Rate$(44)$21 $0 $284 
Currency/Interest Rate(314)10,660 (10,161)(34,522)
Total cash flow hedges(358)10,681 (10,161)(34,238)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate17,000 0 0 0 
Currency(2,560)0 0 0 
Currency/Interest Rate(4,130)0 (109)0 
Credit(284)0 0 0 
Equity37,480 0 0 0 
Embedded Derivatives(102,151)0 0 0 
Total Derivatives Not Qualifying as Hedge Accounting Instruments(54,645)0 (109)0 
Total$(55,003)$10,681 $(10,270)$(34,238)

(1)Includes the impact from 2021 Variable Annuities Recapture, see Note 1 for further details.
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$26,126 
Amount recorded in AOCI
Interest Rate261 
Currency/Interest Rate(34,337)
Total amount recorded in AOCI(34,076)
Amount reclassified from AOCI to income
Interest Rate23 
Currency/Interest Rate(185)
Total amount reclassified from AOCI to income(162)
Balance, December 31, 2020$(8,112)
Amount recorded in AOCI
Interest Rate(112)
Currency/Interest Rate76,628 
Total amount recorded in AOCI76,516 
Amount reclassified from AOCI to income
Interest Rate(49)
Currency/Interest Rate(28,459)
Total amount reclassified from AOCI to income(28,508)
Balance, December 31, 2021$39,896 
Amount recorded in AOCI
Interest Rate(319)
Currency/Interest Rate177,483 
Total amount recorded in AOCI177,164 
Amount reclassified from AOCI to income
Interest Rate7 
Currency/Interest Rate(78,440)
Total amount reclassified from AOCI to income(78,433)
Balance, December 31, 2022$138,627