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Policyholders' Liabilities (Tables)
 12 Months Ended
Dec. 31, 2023
Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities [Abstract]  
Policyholder Account Balance
The balances of and changes in policyholders' account balances as of and for the periods ended are as follows:

Year Ended December 31, 2023
Fixed
Annuities		Variable AnnuitiesVariable Life / Universal LifeTotal
($ in thousands)
Balance, beginning of period$3,575,823 $16,432,032 $18,736,365 $38,744,220 
Deposits2,612,775 4,633,727 2,117,153 9,363,655 
Interest credited101,192 277,708 556,057 934,957 
Policy charges(8,438)(23,368)(1,810,644)(1,842,450)
Surrenders and withdrawals(229,843)(516,039)(845,436)(1,591,318)
Benefit payments(50,522)(30,461)(83,409)(164,392)
Net transfers (to) from separate account(1)0 15,121 1,175,575 1,190,696 
Change in market value and other adjustments(2)163,326 2,048,045 322,052 2,533,423 
Balance, end of period6,164,313 22,836,765 20,167,713 49,168,791 
Less: Reinsurance recoverables(3)4,746 569,844 12,830,700 13,405,290 
Policyholders' account balance net of reinsurance recoverables$6,159,567 $22,266,921 $7,337,013 $35,763,501 
Unearned revenue reserve3,741,426 
Other102,583 
Total Policyholders' account balance$53,012,800 
Weighted-average crediting rate2.08 %1.40 %2.86 %2.12 %
Net amount at risk(4)$15 $0 $323,508,432 $323,508,447 
Cash surrender value(5)$5,307,537 $20,490,433 $18,676,852 $44,474,822 
Year Ended December 31, 2022
Fixed Annuities(6)Variable AnnuitiesVariable Life / Universal LifeTotal
($ in thousands)
Balance, beginning of period$3,005,867 $11,465,411 $18,762,548 $33,233,826 
Deposits754,397 4,761,547 2,173,035 7,688,979 
Interest credited53,884 175,574 583,814 813,272 
Policy charges(5,118)(5,482)(1,795,879)(1,806,479)
Surrenders and withdrawals(68,343)(282,497)(873,034)(1,223,874)
Benefit payments(90,640)(35,042)(103,358)(229,040)
Net transfers (to) from separate account0 206,269 213,752 420,021 
Change in market value and other adjustments(2)(74,224)146,252 (224,513)(152,485)
Balance, end of period3,575,823 16,432,032 18,736,365 38,744,220 
Less: Reinsurance recoverables(3)5,724 323,981 12,896,517 13,226,222 
Policyholders' account balance net of reinsurance recoverables$3,570,099 $16,108,051 $5,839,848 $25,517,998 
Unearned revenue reserve3,067,336 
Other(6)100,980 
Total Policyholders' account balance$41,912,536 
Weighted-average crediting rate1.64 %1.26 %3.11 %2.26 %
Net amount at risk(4)$3 $0 $304,864,582 $304,864,585 
Cash surrender value(5)$2,968,033 $13,844,151 $17,137,744 $33,949,928 


Year Ended December 31, 2021
Fixed Annuities(6)Variable AnnuitiesVariable Life / Universal LifeTotal
($ in thousands)
Balance, beginning of period$379,981 $3,634,125 $18,363,958 $22,378,064 
Deposits396,377 725,701 2,523,000 3,645,078 
Interest credited1,181 94,453 508,391 604,025 
Policy charges(5,346)(1,941)(1,740,260)(1,747,547)
Surrenders and withdrawals(41,886)(208,224)(990,423)(1,240,533)
Benefit payments(87,897)(41,851)(132,586)(262,334)
Net transfers (to) from separate account0 (3,449)164,405 160,956 
Change in market value and other adjustments(2)2,363,457 7,266,597 66,063 9,696,117 
Balance, end of period3,005,867 11,465,411 18,762,548 33,233,826 
Less: Reinsurance recoverables(3)7,066 340,527 11,706,343 12,053,936 
Policyholders' account balance net of reinsurance recoverables$2,998,801 $11,124,884 $7,056,205 $21,179,890 
Unearned revenue reserve2,398,788 
Other(6)98,066 
Total Policyholders' account balance$35,730,680 
Weighted-average crediting rate0.07 %1.25 %2.74 %2.31 %
Net amount at risk(4)$0 $0 $309,431,313 $309,431,313 
Cash surrender value(5)$2,476,677 $11,250,816 $16,915,935 $30,643,428 
(1)    Variable life includes $900 million of funding for a policy loan to an affiliated irrevocable trust. See Note 15 for additional information.
(2)    Primarily relates to changes in the value of embedded derivative instruments associated with the indexed options of certain products. Includes $7,203 million related to assuming of policyholders' account balances with PALAC for the year ended December 31, 2021. See Note 1 for additional information.
(3)    The amount of recoverables related to reinsurance agreements that reduce the risk of the policyholders’ account balances gross liability.
(4)    The net amount at risk calculation includes both general and separate account balances.
(5)    Represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges.
(6)    Prior period amounts have been updated to conform to current period presentation.
Policyholder Account Balance, Guaranteed Minimum Crediting Rate
The balance of account values by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between rates being credited to policyholders and the respective guaranteed minimums are as follows:

December 31, 2023
Range of Guaranteed Minimum
Crediting Rate(1)		At guaranteed minimum
1 - 50 bps above guaranteed minimum
51 - 150 bps above guaranteed minimum
Greater than 150 bps above guaranteed minimum
Total
(in thousands)
Fixed Annuities
Less than 1.00%
$105 $337 $994 $117,377 $118,813 
1.00% - 1.99%
487,191 73,393 234,487 79,713 874,784 
2.00% - 2.99%
301,132 469,276 562,347 16,881 1,349,636 
3.00% - 4.00%
29,131 0 0 0 29,131 
Greater than 4.00%
0 0 0 0 0 
Total$817,559 $543,006 $797,828 $213,971 $2,372,364 
Variable Annuities
Less than 1.00%
$908,097 $807,460 $18,083 $2 $1,733,642 
1.00% - 1.99%
214,377 2,061 1,060 0 217,498 
2.00% - 2.99%
23,323 4,071 4,135 0 31,529 
3.00% - 4.00%
903,953 9,245 33 0 913,231 
Greater than 4.00%
2,046 0 0 0 2,046 
Total$2,051,796 $822,837 $23,311 $2 $2,897,946 
Variable Life / Universal Life
Less than 1.00%
$0 $0 $0 $196,692 $196,692 
1.00% - 1.99%
201,121 0 2,588,458 528,155 3,317,734 
2.00% - 2.99%
28,061 1,445,439 2,789,520 260,651 4,523,671 
3.00% - 4.00%
3,956,631 2,217,133 1,107,726 0 7,281,490 
Greater than 4.00%
2,136,137 0 0 0 2,136,137 
Total$6,321,950 $3,662,572 $6,485,704 $985,498 $17,455,724 
December 31, 2022
Range of Guaranteed Minimum
Crediting Rate(1)		At guaranteed minimum
1 - 50 bps above guaranteed minimum
51 - 150 bps above guaranteed minimum
Greater than 150 bps above guaranteed minimum
Total
(in thousands)
Fixed Annuities(2)
Less than 1.00%
$0 $0 $0 $0 $0 
1.00% - 1.99%
521,189 73,554 248,881 83,415 927,039 
2.00% - 2.99%
208,420 000208,420 
3.00% - 4.00%
38,195 00038,195 
Greater than 4.00%
0 0000
Total$767,804 $73,554 $248,881 $83,415 $1,173,654 
Variable Annuities
Less than 1.00%
$1,008,763 $861,119 $18,744 $2 $1,888,628 
1.00% - 1.99%
243,223 2,257 1,294 0246,774 
2.00% - 2.99%
26,778 973 0027,751 
3.00% - 4.00%
1,070,958 2247001,073,205 
Greater than 4.00%
2,172 0002,172 
Total$2,351,894 $866,596 $20,038 $2 $3,238,530 
Variable Life / Universal Life
Less than 1.00%
$11,902 $0 $0 $0 $11,902 
1.00% - 1.99%
418,399 0 773,591 1,928,342 3,120,332 
2.00% - 2.99%
32,651 121,200 2,413,571 1,824,303 4,391,725 
3.00% - 4.00%
4,737,864 3,510 2,093,511 129,398 6,964,283 
Greater than 4.00%
2,145,123 0002,145,123 
Total$7,345,939 $124,710 $5,280,673 $3,882,043 $16,633,365 
December 31, 2021
Range of Guaranteed Minimum
Crediting Rate(1)		At guaranteed minimum
1 - 50 bps above guaranteed minimum
51 - 150 bps above guaranteed minimum
Greater than 150 bps above guaranteed minimum
Total
(in thousands)
Fixed Annuities(2)
Less than 1.00%
$0 $0 $0 $0 $0 
1.00% - 1.99%
9,470 0 0 0 9,470 
2.00% - 2.99%
213,321 0 0 0 213,321 
3.00% - 4.00%
42,418 0 0 0 42,418 
Greater than 4.00%
0 0 0 0 0 
Total$265,209 $0 $0 $0 $265,209 
Variable Annuities
Less than 1.00%
$1,070,567 $894,487 $19,207 $2 $1,984,263 
1.00% - 1.99%
267,409 1,627 00269,036 
2.00% - 2.99%
30,738 62 0030,800 
3.00% - 4.00%
1,150,448 0001,150,448 
Greater than 4.00%
2,415 0002,415 
Total$2,521,577 $896,176 $19,207 $2 $3,436,962 
Variable Life / Universal Life
Less than 1.00%
$18,091 $0 $0 $0 $18,091 
1.00% - 1.99%
380,144 0 0 2,537,887 2,918,031 
2.00% - 2.99%
10,227 0 3,735,376 552,995 4,298,598 
3.00% - 4.00%
4,793,734 2,048,590 343,129 53,673 7,239,126 
Greater than 4.00%
2,092,925 0002,092,925 
Total$7,295,121 $2,048,590 $4,078,505 $3,144,555 $16,566,771 

(1)     Excludes contracts without minimum guaranteed crediting rates, such as funds with indexed-linked crediting options.
(2)     Prior period amounts have been updated to conform to current period presentation.
Additional Liability, Long-Duration Insurance
The balances of and changes in URR as of and for the periods ended are as follows:

Years Ended December 31,
202320222021
Variable Life / Universal Life
(in thousands)
Balance, beginning of period$3,067,336 $2,398,788 $1,745,269 
Unearned revenue827,960799,185 760,153
Amortization expense(153,779)(129,525)(106,634)
Other adjustments(91)(1,112)0
Balance, end of period3,741,426 3,067,336 2,398,788
Less: Reinsurance recoverables1,690,2551,542,900 939,798
Unearned revenue reserve net of reinsurance recoverables$2,051,171 $1,524,436 $1,458,990