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Reinsurance (Reinsurance amounts included in the Statement of Operations and Comprehensive Income (Loss)) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Premiums:        
Direct $ 457,967 $ 462,478 $ 1,396,506 $ 1,406,822
Assumed 32 (2,653) (90) (10,730)
Ceded (372,859) (398,109) (1,144,655) (1,210,547)
Net Premiums 85,140 61,716 [1] 251,761 185,545 [1]
Policy charges and fee income:        
Direct 753,291 746,814 2,238,266 2,295,350
Assumed 151,927 149,564 453,006 455,114
Ceded (558,737) (526,432) (1,594,764) (1,892,583)
Net policy charges and fee income 346,481 369,946 [1] 1,096,508 857,881 [1]
Net investment income:        
Direct 463,070 226,827 1,216,154 617,818
Assumed 338 349 1,024 1,167
Ceded (2,544) (16,414) (13,789) (36,795)
Net investment income 460,864 210,762 1,203,389 582,190
Asset administration fees:        
Direct 81,422 84,959 242,730 271,071
Assumed 0 0 0 0
Ceded (24,668) (16,405) (64,986) (51,495)
Net asset administration fees 56,754 68,554 177,744 219,576
Other income (loss):        
Direct (89,144) (181,634) 216,247 (855,885)
Assumed 116 3,059 (233) 550
Ceded 25,473 17,168 70,736 60,206
Net Other income (loss) (63,555) (161,407) [1] 286,750 (795,129) [1]
Realized investment gains (losses), net:        
Direct (492,184) (44,847) (826,822) 1,080,351
Assumed (31,544) 122,364 189,400 (363,266)
Ceded 55,472 19,754 56,181 93,686
Realized investment gains (losses), net (468,256) 97,271 [1] (581,241) 810,771 [2]
Change in value of market risk benefits, net of related hedging gain (loss):        
Direct (54,544) 29,320 152,660 (698,317)
Assumed 283 0 (3,160) 0
Ceded (193,210) (109,398) (415,656) (537,098)
Net change in value of market risk benefits, net of related hedging gain (loss) (247,471) (80,078) [1] (266,156) (1,235,415) [2]
Policyholders’ benefits (including change in reserves):        
Direct 912,588 880,240 2,639,868 2,460,564
Assumed 336,300 289,093 985,635 868,301
Ceded (1,103,479) (1,081,648) (3,227,951) (2,961,322)
Net policyholders’ benefits (including change in reserves 145,409 87,685 [1] 397,552 367,543 [1]
Change in estimates of liability for future policy benefits:        
Direct (44,155) (69,944) (61,510) 1,748,781
Assumed (17,580) (12,640) 8,071 676,754
Ceded 68,300 79,649 54,469 (2,382,670)
Change in estimates of liability for future policy benefits 6,565 (2,935) [1] 1,030 42,865 [1]
Interest credited to policyholders’ account balances:        
Direct 228,399 259,175 666,947 593,160
Assumed 33,602 (52,300) 100,065 49,803
Ceded (98,927) (109,226) (299,900) (324,377)
Net interest credited to policyholders’ account balances 163,074 97,649 [1] 467,112 318,586 [1]
Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization (57,368) 146,690 (280,393) (71,962)
Unaffiliated        
Premiums:        
Assumed 32 (2,653) (100) (16,061)
Ceded (13,942) (10,036) (47,319) (32,606)
Policy charges and fee income:        
Assumed 460 1,929 1,383 13,350
Ceded (39,143) (21,196) (101,419) (59,453)
Net investment income:        
Ceded 10,109 (4,122) 23,022 195
Asset administration fees:        
Ceded (7,464) 0 (15,204) 0
Other income (loss):        
Assumed 185 3,059 (53) 549
Ceded 7,887 1,622 17,540 1,622
Realized investment gains (losses), net:        
Assumed (31,544) 122,365 189,400 (159,280)
Ceded 41,007 19,601 40,378 92,377
Change in value of market risk benefits, net of related hedging gain (loss):        
Assumed 283 0 (3,160) 0
Ceded (70,693) (20,174) (150,791) (106,676)
Policyholders’ benefits (including change in reserves):        
Assumed 265 587 545 1,941
Ceded (42,655) (18,206) (106,475) (61,248)
Change in estimates of liability for future policy benefits:        
Ceded (1,407) 0 (1,823) (6,594)
Interest credited to policyholders’ account balances:        
Assumed 3,651 (83,932) 8,750 (86,713)
Ceded $ 85 $ 0 $ 0 $ 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.