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Reinsurance (Reinsurance amounts included in the Statement of Operations and Comprehensive Income (Loss)) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Premiums:        
Direct $ 476,472 $ 470,923 $ 938,539 $ 944,344
Assumed 34 (9,474) (122) (8,077)
Ceded (386,541) (407,125) (771,796) (812,438)
Net Premiums 89,965 54,324 [1] 166,621 123,829 [1]
Policy charges and fee income:        
Direct 749,037 757,637 1,484,975 1,548,536
Assumed 148,479 158,744 301,079 305,550
Ceded (533,980) (517,626) (1,036,027) (1,366,151)
Net policy charges and fee income 363,536 398,755 [1] 750,027 487,935 [1]
Net investment income:        
Direct 402,761 195,480 753,084 390,991
Assumed 343 365 686 818
Ceded (10,029) (3,717) (11,245) (20,381)
Net investment income 393,075 192,128 742,525 371,428
Asset administration fees:        
Direct 80,952 88,655 161,308 186,112
Assumed 0 0 0 0
Ceded (24,164) (16,865) (40,318) (35,090)
Net asset administration fees 56,788 71,790 120,990 151,022
Other income (loss):        
Direct 79,657 (325,563) 305,391 (674,251)
Assumed (56) (2,548) (349) (2,509)
Ceded 25,857 21,472 45,263 43,038
Net Other income (loss) 105,458 (306,639) [1] 350,305 (633,722) [1]
Realized investment gains (losses), net:        
Direct (88,715) 614,376 (334,638) 1,125,198
Assumed 82,278 (281,646) 220,944 (485,630)
Ceded 14,131 27,489 709 73,932
Realized investment gains (losses), net 7,694 360,219 [1] (112,985) 713,500 [2]
Change in value of market risk benefits, net of related hedging gain (loss):        
Direct 174,084 (556,282) 207,204 (727,637)
Assumed 2,774 0 (3,443) 0
Ceded (215,745) (161,187) (222,446) (427,700)
Net change in value of market risk benefits, net of related hedging gain (loss) (38,887) (717,469) [1] (18,685) (1,155,337) [2]
Policyholders’ benefits (including change in reserves):        
Direct 848,495 726,165 1,727,280 1,580,324
Assumed 332,048 326,171 649,335 579,208
Ceded (1,033,582) (957,887) (2,124,472) (1,879,674)
Net policyholders’ benefits (including change in reserves 146,961 94,449 [1] 252,143 279,858 [1]
Change in estimates of liability for future policy benefits:        
Direct 31,146 1,828,707 (17,355) 1,818,725
Assumed 23,844 707,485 25,651 689,394
Ceded (56,123) (2,487,545) (13,831) (2,462,319)
Change in estimates of liability for future policy benefits (1,133) 48,647 [1] (5,535) 45,800 [1]
Interest credited to policyholders’ account balances:        
Direct 215,973 188,115 438,548 333,985
Assumed 27,957 29,601 66,463 102,103
Ceded (100,114) (108,798) (200,973) (215,151)
Net interest credited to policyholders’ account balances 143,816 108,918 [1] 304,038 220,937 [1]
Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization (105,195) (101,295) (223,025) (218,652)
Unaffiliated        
Premiums:        
Assumed 34 (13,448) (132) (13,408)
Ceded (16,802) (11,048) (33,377) (22,570)
Policy charges and fee income:        
Assumed 383 11,421 923 11,421
Ceded (38,338) (19,959) (62,276) (38,257)
Net investment income:        
Ceded 1,993 8,650 12,913 4,317
Asset administration fees:        
Ceded (7,740) 0 (7,740) 0
Other income (loss):        
Assumed 55 (2,549) (238) (2,510)
Ceded 8,031 0 9,653 0
Realized investment gains (losses), net:        
Assumed 82,278 (281,645) 220,944 (281,645)
Ceded 13,952 26,826 (629) 72,776
Change in value of market risk benefits, net of related hedging gain (loss):        
Assumed 2,774 0 (3,443) 0
Ceded (75,325) (35,629) (80,098) (86,502)
Policyholders’ benefits (including change in reserves):        
Assumed 189 1,245 280 1,354
Ceded (36,118) (24,551) (63,820) (43,042)
Change in estimates of liability for future policy benefits:        
Ceded (416) (6,594) (416) (6,594)
Interest credited to policyholders’ account balances:        
Assumed (2,370) (2,781) 5,099 (2,781)
Ceded $ (85) $ 0 $ (85) $ 0
[1] Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.
[2] Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.