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Equity
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Equity EQUITY
Accumulated Other Comprehensive Income (Loss)
AOCI represents the cumulative OCI items that are reported separate from net income and detailed on the Consolidated Statements of Operations and Comprehensive Income (Loss). Net unrealized investment gains (losses) are described in further detail in Note 2, Note 8 (Interest rate remeasurement of Liability for Future Policy Benefits) and Note 10 (Gains (losses) from Changes in Nonperformance Risk on Market Risk Benefits). The balance of and changes in each component of AOCI as of and for the years ended December 31, are as follows:
 Accumulated Other Comprehensive Income (Loss)
 Foreign Currency
Translation
Adjustment		Net Unrealized
Investment Gains
(Losses)(1)		Interest Rate Remeasurement of Future Policy BenefitsGain (Loss) from Changes in Non-Performance Risk on Market Risk BenefitsTotal Accumulated
Other
Comprehensive
Income (Loss)
 (in thousands)
Balance, December 31, 2021$(11,274)$306,331 $(125,809)$227,206 $396,454 
Change in OCI before reclassifications(9,337)(2,249,609)310,351 1,440,307 (508,288)
Amounts reclassified from AOCI0 (4,428)0 0 (4,428)
Income tax benefit (expense)604 473,231 (65,174)(302,464)106,197 
Balance, December 31, 2022(20,007)(1,474,475)119,368 1,365,049 (10,065)
Change in OCI before reclassifications(2)2,419 677,735 (60,978)(659,927)(40,751)
Amounts reclassified from AOCI0 14,217 0 0 14,217 
Income tax benefit (expense)(2)(497)(145,255)12,805 138,585 5,638 
Balance, December 31, 2023(2)(18,085)(927,778)71,195 843,707 (30,961)
Change in OCI before reclassifications(4,595)(416,996)58,676 (441,138)(804,053)
Amounts reclassified from AOCI0 81,903 0 0 81,903 
Income tax benefit (expense)739 70,169 (12,313)92,639 151,234 
Balance, December 31, 2024$(21,941)$(1,192,702)$117,558 $495,208 $(601,877)
(1)Includes cash flow hedges of $111 million, $12 million, and $139 million as of December 31, 2024, 2023 and 2022, respectively.
(2)Amounts reflect revision to prior period Financial Statements. See Note 17 for additional information.
Reclassifications out of Accumulated Other Comprehensive Income (Loss) 
Years Ended December 31,
202420232022
 (in thousands)
Amounts reclassified from AOCI(1)(2):
Net unrealized investment gains (losses):
Cash flow hedges—Currency/Interest rate(3)$85,491 $16,976 $78,433 
Net unrealized investment gains (losses) on available-for-sale securities(167,394)(31,193)(74,005)
Total net unrealized investment gains (losses)(4)(81,903)(14,217)4,428 
Total reclassifications for the period$(81,903)$(14,217)$4,428 
(1)All amounts are shown before tax.
(2)Positive amounts indicate gains/benefits reclassified out of AOCI. Negative amounts indicate losses/costs reclassified out of AOCI.
(3)See Note 4 for additional information on cash flow hedges.
(4)See table below for additional information on unrealized investment gains (losses), including the impact on future policy benefits and policyholders’ account balances.
Net Unrealized Investment Gains (Losses)
Net unrealized investment gains (losses) on available-for-sale fixed maturity securities and certain other invested assets and other assets are included in the Company’s Consolidated Statements of Financial Position as a component of AOCI. Changes in these amounts include reclassification adjustments to exclude from OCI those items that are included as part of “Net income (loss)” for a period that had been part of OCI in earlier periods. The amounts for the periods indicated below, split between amounts related to net unrealized investment gains (losses) on available-for-sale fixed maturity securities on which an allowance for credit losses has been recognized, and all other net unrealized investment gains (losses), are as follows:
Net Unrealized Investment Gains (Losses) on AFS Fixed Maturity Securities on Which an Allowance for Credit Losses has been RecognizedNet Unrealized Gains (Losses) on All Other Investments(1)
Other Costs(2)		Future Policy
Benefits, Policyholders' Account Balances and Reinsurance Payables
Income Tax
Benefit (Expense)		AOCI
Related to Net
Unrealized
Investment
Gains (Losses)
 (in thousands)
Balance, December 31, 2021$3,685 $581,718 $835,430 $(1,033,194)$(81,308)$306,331 
Net investment gains (losses) on investments arising during the period(149)(2,737,481)0 0 574,760 (2,162,870)
Reclassification adjustment for (gains) losses included in net income831 (5,259)0 0 930 (3,498)
Reclassification due to allowance for credit losses recorded during the period4 (4)0 0 0 0 
Impact of net unrealized investment (gains) losses0 0 (2,033,852)2,521,873 (102,459)385,562 
Balance, December 31, 20224,371 (2,161,026)(1,198,422)1,488,679 391,923 (1,474,475)
Net investment gains (losses) on investments arising during the period(4,482)744,727 0 0 (155,393)584,852 
Reclassification adjustment for (gains) losses included in net income(265)14,482 0 0 (2,984)11,233 
Reclassification due to allowance for credit losses recorded during the period2,363 (2,363)0 0 0 0 
Impact of net unrealized investment (gains) losses0 0 397,071 (459,581)13,122 (49,388)
Balance, December 31, 20231,987 (1,404,180)(801,351)1,029,098 246,668 (927,778)
Net investment gains (losses) on investments arising during the period(773)(525,222)0 0 110,227 (415,768)
Reclassification adjustment for (gains) losses included in net income(175)82,078 0 0 (17,164)64,739 
Reclassification due to allowance for credit losses recorded during the period(146)146 0 0 0 0 
Impact of net unrealized investment (gains) losses0 0 217,642 (108,643)(22,894)86,105 
Balance, December 31, 2024$893 $(1,847,178)$(583,709)$920,455 $316,837 $(1,192,702)
(1)Includes cash flow hedges. See Note 4 for information on cash flow hedges.
(2)"Other costs" primarily includes reinsurance recoverables and DRL.

Noncontrolling interests

For certain subsidiaries, the Company owns a controlling interest that is less than 100% ownership of the subsidiary but must consolidate 100% of the subsidiary’s financial statements in accordance with U.S. GAAP. Noncontrolling interests represent the portion of equity ownership in a consolidated subsidiary that is not attributable to the Company.