XML 74 R63.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Fair Value of Assets and Liabilities (Financial Instruments where Carrying Amounts and Fair Values May Differ) (Details) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets:    
Policy loans $ 1,496,241 $ 1,472,677
Cash and cash equivalents 2,357,758 2,139,792
Accrued investment income 361,054 333,838
Reinsurance recoverables 41,124,532 38,709,651
Receivables from parent and affiliates 514,254 332,583
Liabilities    
Cash collateral for loaned securities 3,698 218,310
Fair Value    
Assets:    
Commercial mortgage and other loans 6,039,321 5,918,386
Policy loans 1,496,241 1,472,677
Short-term investments 120,007 66,500
Cash and cash equivalents 448,086 495,667
Accrued investment income 361,054 333,838
Reinsurance recoverables 21,774 22,155
Receivables from parent and affiliates 244,305 184,599
Other assets 1,787,957 1,570,629
Total assets 10,518,745 10,064,451
Liabilities    
Policyholders’ account balances - investment contracts 7,716,851 6,352,532
Cash collateral for loaned securities 3,698 218,310
Short-term debt to affiliates 179,115 176,110
Payables to parent and affiliates 73,514 16,573
Other liabilities 2,384,888 2,154,284
Total liabilities 10,358,066 8,917,809
Carrying Amount    
Assets:    
Commercial mortgage and other loans 6,279,862 6,122,721
Policy loans 1,496,241 1,472,677
Short-term investments 120,007 66,500
Cash and cash equivalents 448,086 495,667
Accrued investment income 361,054 333,838
Reinsurance recoverables 23,385 23,537
Receivables from parent and affiliates 244,305 184,599
Other assets 1,787,957 1,570,629
Total assets 10,760,897 10,270,168
Liabilities    
Policyholders’ account balances - investment contracts 7,733,251 6,368,061
Cash collateral for loaned securities 3,698 218,310
Short-term debt to affiliates 179,115 180,411
Payables to parent and affiliates 73,514 16,573
Other liabilities 2,384,888 2,154,283
Total liabilities 10,374,466 8,937,638
Level 1 | Fair Value    
Assets:    
Commercial mortgage and other loans 0 0
Policy loans 0 0
Short-term investments 120,007 66,500
Cash and cash equivalents 448,086 470,668
Accrued investment income 0 0
Reinsurance recoverables 0 0
Receivables from parent and affiliates 0 0
Other assets 0 0
Total assets 568,093 537,168
Liabilities    
Policyholders’ account balances - investment contracts 0 0
Cash collateral for loaned securities 0 0
Short-term debt to affiliates 0 0
Payables to parent and affiliates 0 0
Other liabilities 0 0
Total liabilities 0 0
Level 2 | Fair Value    
Assets:    
Commercial mortgage and other loans 0 0
Policy loans 0 0
Short-term investments 0 0
Cash and cash equivalents 0 24,999
Accrued investment income 361,054 333,838
Reinsurance recoverables 0 0
Receivables from parent and affiliates 244,305 184,599
Other assets 50,157 80,646
Total assets 655,516 624,082
Liabilities    
Policyholders’ account balances - investment contracts 912,874 955,647
Cash collateral for loaned securities 3,698 218,310
Short-term debt to affiliates 179,115 176,110
Payables to parent and affiliates 73,514 16,573
Other liabilities 2,352,465 2,121,861
Total liabilities 3,521,666 3,488,501
Level 3 | Fair Value    
Assets:    
Commercial mortgage and other loans 6,039,321 5,918,386
Policy loans 1,496,241 1,472,677
Short-term investments 0 0
Cash and cash equivalents 0 0
Accrued investment income 0 0
Reinsurance recoverables 21,774 22,155
Receivables from parent and affiliates 0 0
Other assets 1,737,800 1,489,983
Total assets 9,295,136 8,903,201
Liabilities    
Policyholders’ account balances - investment contracts 6,803,977 5,396,885
Cash collateral for loaned securities 0 0
Short-term debt to affiliates 0 0
Payables to parent and affiliates 0 0
Other liabilities 32,423 32,423
Total liabilities $ 6,836,400 $ 5,429,308