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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, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Premiums:        
Direct $ 462,458 $ 476,472 $ 922,086 $ 938,539
Assumed 30 34 63 (122)
Ceded (367,567) (386,541) (735,046) (771,796)
Net Premiums 94,921 89,965 187,103 166,621
Policy charges and fee income:        
Direct 785,299 749,037 1,556,488 1,484,975
Assumed 239,838 148,479 498,608 301,079
Ceded (636,303) (533,980) 1,242,943 (1,036,027)
Net policy charges and fee income 388,834 363,536 3,298,039 750,027
Net investment income:        
Direct 592,448 402,761 1,111,500 753,084
Assumed 333 343 663 686
Ceded (12,788) (10,029) (26,850) (11,245)
Net investment income 579,993 393,075 1,085,313 742,525
Asset administration fees:        
Direct 79,776 80,952 162,464 161,308
Assumed 0 0 0 0
Ceded (24,663) (24,164) (50,719) (40,318)
Net asset administration fees 55,113 56,788 111,745 120,990
Other income (loss):        
Direct 84,931 79,657 129,747 305,391
Assumed 24 (56) 349 (349)
Ceded 52,734 25,857 221,078 45,263
Net other income (loss) 137,689 105,458 351,174 350,305
Realized investment gains (losses), net:        
Direct 765,146 (88,715) 777,502 (334,638)
Assumed 72,351 82,278 63,184 220,944
Ceded 1,385 14,131 21,196 709
Realized investment gains (losses), net 838,882 7,694 861,882 (112,985)
Change in value of market risk benefits, net of related hedging gain (loss):        
Direct (298,559) 174,084 15,327 207,204
Assumed 1,072 2,774 606 (3,443)
Ceded 15,304 (215,745) (206,525) (222,446)
Change in value of market risk benefits, net of related hedging gain (loss) (282,183) (38,887) (190,592) (18,685)
Policyholders’ benefits (including change in reserves):        
Direct 909,374 848,495 1,910,820 1,727,280
Assumed 245,810 332,048 533,221 649,335
Ceded (1,019,305) (1,033,582) 1,798,246 (2,124,472)
Net policyholders’ benefits (including change in reserves 135,879 146,961 4,242,287 252,143
Change in estimates of liability for future policy benefits        
Direct 72,870 31,146 212,456 (17,355)
Assumed 74,378 23,844 64,868 25,651
Ceded (153,422) (56,123) (295,503) (13,831)
Change in estimates of liability for future policy benefits (6,174) (1,133) (18,179) (5,535)
Interest credited to policyholders’ account balances:        
Direct 297,194 215,973 575,584 438,548
Assumed 36,344 27,957 82,492 66,463
Ceded (107,314) (100,114) (207,302) (200,973)
Net interest credited to policyholders’ account balances 226,224 143,816 450,774 304,038
Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization (116,030) (105,195) (506,173) (223,025)
Unaffiliated activity        
Premiums:        
Assumed 30 34 60 (132)
Ceded (26,827) (16,802) (51,979) (33,377)
Policy charges and fee income:        
Assumed 356 383 628 923
Ceded (44,958) (38,338) (86,970) (62,276)
Net investment income:        
Ceded 0 1,993 0 12,913
Asset administration fees:        
Ceded (7,007) (7,740) (14,323) (7,740)
Other income (loss):        
Assumed 24 55 453 (238)
Ceded 26,002 8,031 47,806 9,653
Realized investment gains (losses), net:        
Assumed 72,351 82,278 63,184 220,944
Ceded 21,774 13,952 46,999 (629)
Change in value of market risk benefits, net of related hedging gain (loss):        
Assumed 1,072 2,774 606 (3,443)
Ceded 34,461 (75,325) (63,547) (80,098)
Policyholders’ benefits (including change in reserves):        
Assumed 28 189 361 280
Ceded (64,243) (36,118) (211,071) (63,820)
Change in estimates of liability for future policy benefits        
Ceded 29 (416) 91,902 (416)
Interest credited to policyholders’ account balances:        
Assumed 7,657 (2,370) 25,116 5,099
Ceded $ (1) $ (85) $ (1) $ (85)