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Business and Basis of Presentation (Summary Of Adoption Of New Guidance On Unaudited Interim Consolidated Statement of Operations) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES      
Premiums $ 265,208 [1] $ 184,458 [1] $ 92,176
Policy charges and fee income 1,230,601 [1] 1,300,095 [1] 624,320
Other income (loss) (651,469) [1] 262,420 [1] 83,256
Realized investment gains (losses), net 336,382 [2] (386,894) [2] (62,976)
Change in value of market risk benefits, net of related hedging gain (loss) (700,581) [1] (4,222,530) [1] 0
TOTAL REVENUES 1,648,324 (2,110,039) 1,123,264
BENEFITS AND EXPENSES      
Policyholders’ benefits 458,373 [1] 82,710 [1] 298,149
Change in estimates of liability for future policy benefits 55,099 [1] 27,008 [1] 0
Interest credited to policyholders’ account balances 445,215 [1] (151,389) [1] 233,375
Amortization of deferred policy acquisition costs 520,276 [1] 325,595 [1] 140,562
General, administrative and other expenses 1,156,464 [1] (523,774) [1] 383,043
TOTAL BENEFITS AND EXPENSES 2,635,427 (239,850) 1,055,129
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE (987,103) (1,870,189) 68,135
Income tax expense (benefit) (295,535) [1] (474,786) [1] (130,248)
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE (691,568) (1,395,403) 198,383
NET INCOME (LOSS) (766,705) [2] (1,394,701) [2] 196,697
Other comprehensive income (loss), before tax:      
Net unrealized investment gains (losses) (2,254,037) (210,486)  
Interest rate remeasurement of future policy benefits 310,353 37,274  
Gain (loss) from changes in non-performance risk on market risk benefits 1,440,305 (435,232)  
Total (512,716) (612,335) 335,492
Less: Income tax expense (benefit) related to other comprehensive income (loss) (106,197) (128,241) 70,806
Other comprehensive income (loss), net of taxes (406,519) (484,094) 264,686
Comprehensive income (loss) (1,173,224) (1,878,795) $ 461,383
As Previously Reported      
REVENUES      
Premiums 274,783 203,676  
Policy charges and fee income 1,731,957 1,529,757  
Other income (loss) (661,860) 267,208  
Realized investment gains (losses), net 1,041,435 (5,295,406)  
Change in value of market risk benefits, net of related hedging gain (loss) 0 0  
TOTAL REVENUES 3,554,498 (2,542,353)  
BENEFITS AND EXPENSES      
Policyholders’ benefits 609,392 655,910  
Change in estimates of liability for future policy benefits 0 0  
Interest credited to policyholders’ account balances 517,488 (114,585)  
Amortization of deferred policy acquisition costs 857,385 342,118  
General, administrative and other expenses 1,154,229 (523,925)  
TOTAL BENEFITS AND EXPENSES 3,138,494 359,518  
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE 416,004 (2,901,871)  
Income tax expense (benefit) (882) (691,439)  
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE 416,886 (2,210,432)  
NET INCOME (LOSS) 341,749 (2,209,730)  
Other comprehensive income (loss), before tax:      
Net unrealized investment gains (losses) (2,430,238) (247,176)  
Interest rate remeasurement of future policy benefits 0 0  
Gain (loss) from changes in non-performance risk on market risk benefits 0 0  
Total (2,439,575) (251,067)  
Less: Income tax expense (benefit) related to other comprehensive income (loss) (510,840) (52,374)  
Other comprehensive income (loss), net of taxes (1,928,735) (198,693)  
Comprehensive income (loss) (1,586,986) (2,408,423)  
Change of Effect      
REVENUES      
Premiums (9,575) (19,218)  
Policy charges and fee income (501,356) (229,662)  
Other income (loss) 10,391 (4,788)  
Realized investment gains (losses), net (705,053) 4,908,512  
Change in value of market risk benefits, net of related hedging gain (loss) (700,581) (4,222,530)  
TOTAL REVENUES (1,906,174) 432,314  
BENEFITS AND EXPENSES      
Policyholders’ benefits (151,019) (573,200)  
Change in estimates of liability for future policy benefits 55,099 27,008  
Interest credited to policyholders’ account balances (72,273) (36,804)  
Amortization of deferred policy acquisition costs (337,109) (16,523)  
General, administrative and other expenses 2,235 151  
TOTAL BENEFITS AND EXPENSES (503,067) (599,368)  
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE (1,403,107) 1,031,682  
Income tax expense (benefit) (294,653) 216,653  
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE (1,108,454) 815,029  
NET INCOME (LOSS) (1,108,454) 815,029  
Other comprehensive income (loss), before tax:      
Net unrealized investment gains (losses) 176,201 36,690  
Interest rate remeasurement of future policy benefits 310,353 37,274  
Gain (loss) from changes in non-performance risk on market risk benefits 1,440,305 (435,232)  
Total 1,926,859 (361,268)  
Less: Income tax expense (benefit) related to other comprehensive income (loss) 404,643 (75,867)  
Other comprehensive income (loss), net of taxes 1,522,216 (285,401)  
Comprehensive income (loss) $ 413,762 $ 529,628  
[1] Amounts for the years ended December 31, 2022 and 2021 were adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.
[2] Amounts for the years ended December 31, 2022 and 2021 were adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.