XML 86 R76.htm IDEA: XBRL DOCUMENT v3.23.1
Deferred Policy Acquisition Costs, Deferred Reinsurance Losses, Deferred Reinsurance Gains And Deferred Sales Inducements (Balance of and Changes in DAC) (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]    
Deferred Policy Acquisition Cost, Beginning Balance $ 6,930,425 [1] $ 7,029,307
Capitalization 246,738 246,389
Amortization expense (137,546) (125,075)
Other adjustments 52 (541,408)
Balance, end of period 7,039,669 [1] 6,609,213
Fixed Annuities    
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]    
Deferred Policy Acquisition Cost, Beginning Balance 102,250 84,479
Capitalization 22,902 746
Amortization expense (4,474) (3,191)
Other adjustments 0 0
Balance, end of period 120,678 82,034
Variable Annuities    
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]    
Deferred Policy Acquisition Cost, Beginning Balance 3,736,456 3,806,733
Capitalization 56,875 77,128
Amortization expense (87,864) (84,575)
Other adjustments 0 0
Balance, end of period 3,705,467 3,799,286
Term Life    
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]    
Deferred Policy Acquisition Cost, Beginning Balance 648,836 577,084
Capitalization 33,006 33,626
Amortization expense (15,304) (11,432)
Other adjustments 0 0
Balance, end of period 666,538 599,278
Variable/Universal Life    
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]    
Deferred Policy Acquisition Cost, Beginning Balance 2,442,883 2,561,011
Capitalization 133,955 134,889
Amortization expense (29,904) (25,877)
Other adjustments 52 (541,408)
Balance, end of period $ 2,546,986 $ 2,128,615
[1] Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.