XML 51 R43.htm IDEA: XBRL DOCUMENT v3.23.2
Business and Basis of Presentation (Summary Of Adoption Of New Guidance On Unaudited Interim Consolidated Statement of Cash Flows) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (766,705) [1] $ (1,394,701) [1] $ 196,697
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Policy charges and fee income 131,936 [1] 165,675 [1] (81,850)
Interest credited to policyholders’ account balances 445,215 [1] (151,389) [1] 233,375
Realized investment gains (losses), net (336,382) [1] 386,894 [1] 62,976
Change in value of market risk benefits, net of related hedging (gains) losses 700,581 [2] 4,222,530 [2] 0
Change in:      
Future policy benefits and other insurance liabilities 3,743,780 [1] 1,831,520 [1] 2,658,195
Reinsurance recoverables (2,254,290) [1] (1,134,683) [1] (2,440,532)
Deferred policy acquisition costs (442,303) [1] (4,067,946) [1] (617,907)
Income taxes (334,769) [1] (842,107) [1] (142,196)
Other, net [3] 1,567,947 [1] 1,376,588 [1] (108,941)
Cash flows from (used in) operating activities 1,824,964 (883,941) $ (379,122)
As Previously Reported      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) 341,749 (2,209,730)  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Policy charges and fee income (78,754) (21,763)  
Interest credited to policyholders’ account balances 517,488 (114,585)  
Realized investment gains (losses), net (1,041,435) 5,295,406  
Change in value of market risk benefits, net of related hedging (gains) losses 0 0  
Change in:      
Future policy benefits and other insurance liabilities 2,407,887 2,080,967  
Reinsurance recoverables (1,181,692) (1,304,306)  
Deferred policy acquisition costs (105,194) (3,926,121)  
Income taxes (40,095) (1,082,459)  
Other, net 1,635,056 1,674,972  
Cash flows from (used in) operating activities 1,824,964 (883,941)  
Change of Effect      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) (1,108,454) 815,029  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Policy charges and fee income 210,690 187,438  
Interest credited to policyholders’ account balances (72,273) (36,804)  
Realized investment gains (losses), net 705,053 (4,908,512)  
Change in value of market risk benefits, net of related hedging (gains) losses 700,581 4,222,530  
Change in:      
Future policy benefits and other insurance liabilities 1,335,893 (249,447)  
Reinsurance recoverables (1,072,598) 169,623  
Deferred policy acquisition costs (337,109) (141,825)  
Income taxes (294,674) 240,352  
Other, net (67,109) (298,384)  
Cash flows from (used in) operating activities $ 0 $ 0  
[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.
[3] Prior periods have been reclassified to conform to the current period presentation.