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Reinsurance (Income Statement Reinsurance Results) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Premiums:      
Direct $ 1,846,109 $ 1,853,184 $ 1,868,709
Assumed 92 (61) 776
Ceded (1,453,074) (1,524,226) (1,604,277)
Net premiums 393,127 328,897 265,208
Policy charges and fee income:      
Direct 3,190,753 2,995,595 3,034,193
Assumed 899,767 604,311 594,622
Ceded 3,292,277 (2,063,300) (2,398,214)
Net policy charges and fee income 7,382,797 1,536,606 1,230,601
Net investment income:      
Direct 2,474,541 1,700,684 920,674
Assumed 1,325 1,364 1,513
Ceded (53,849) (26,526) (38,186)
Net investment income 2,422,017 1,675,522 884,001
Asset administration fees:      
Direct 329,181 323,444 351,600
Assumed 0 0 0
Ceded (105,618) (90,494) (67,418)
Net asset administration fees 223,563 232,950 284,182
Other income (loss):      
Direct 297,868 636,930 (731,796)
Assumed 2,983 (475) 271
Ceded 458,905 114,908 95,252
Net other income 759,756 751,363 [1] (636,273) [1]
Realized investment gains (losses), net:      
Direct 500,023 (1,203,453) 497,016
Assumed 85,248 162,291 (291,679)
Ceded (133,854) (105,937) 84,592
Realized investment gains (losses), net 451,417 (1,147,099) [1] 289,929 [1]
Change in value of market risk benefits, net of related hedging gains (losses):      
Direct (98,562) 287,936 (181,260)
Assumed 2,626 (4,115) 0
Ceded (338,019) (390,594) (519,321)
Net change in value of market risk benefits, net of related hedging gains (losses) (433,955) (106,773) [2] (700,581)
Policyholders’ benefits (including change in reserves):      
Direct 3,825,305 3,354,306 3,362,353
Assumed 1,058,315 1,258,651 1,107,436
Ceded 3,468,713 (4,109,168) (4,011,416)
Net policyholders’ benefits (including change in reserves) 8,352,333 503,789 458,373
Change in estimates of liability for future policy benefits:      
Direct 303,141 (18,361) 1,716,983
Assumed 92,766 8,644 679,863
Ceded (416,550) 13,669 (2,341,747)
Change in estimates of liability for future policy benefits (20,643) 3,952 55,099
Interest credited to policyholders’ account balances:      
Direct 1,310,867 884,527 805,411
Assumed 153,052 136,725 74,402
Ceded (426,188) (399,607) (434,598)
Net interest credited to policyholders’ account balances 1,037,731 621,645 [1] 445,215
Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization (1,398,843) (403,517) (152,779)
Unaffiliated activity      
Premiums:      
Assumed 89 (69) 149
Ceded (107,449) (70,169) (42,721)
Policy charges and fee income:      
Assumed 1,381 1,563 2,113
Ceded (191,368) (143,764) (81,781)
Net investment income:      
Ceded (1,659) 23,023 10,802
Asset administration fees:      
Ceded (28,354) (22,415) 0
Other income (loss):      
Assumed 2,983 (475) 270
Ceded 142,267 44,260 18,440
Realized investment gains (losses), net:      
Assumed 85,248 162,291 778,620
Ceded (91,712) (101,449) 83,612
Change in value of market risk benefits, net of related hedging gains (losses):      
Assumed 2,626 (4,115) 0
Ceded 124,816 186,996 120,663
Policyholders’ benefits (including change in reserves):      
Assumed 348 804 2,566
Ceded (366,669) (157,344) (94,402)
Change in estimates of liability for future policy benefits:      
Ceded 96,014 (1,367) (6,824)
Interest credited to policyholders’ account balances:      
Assumed 39,263 16,243 (95,285)
Ceded $ (24,550) $ 0 $ 0
[1] Amounts reflect revision to prior period Financial Statements. See Note 17 for additional information.
[2] Amounts reflect revision to prior period Financial Statements. See Note 17 for additional information.