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Equity
 6 Months Ended
Jun. 30, 2025
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 Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss). The balance of and changes in each component of AOCI as of and for the six months ended June 30, 2025 and 2024, 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, 2024$(21,941)$(1,192,702)$117,558 $495,208 $(601,877)
Change in OCI before reclassifications4,724 536,382 (15,931)168,322 693,497 
Amounts reclassified from AOCI0 66,846 0 0 66,846 
Income tax benefit (expense)(1,293)(126,514)3,345 (35,348)(159,810)
Balance, June 30, 2025$(18,510)$(715,988)$104,972 $628,182 $(1,344)

 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, 2023$(18,085)$(927,778)$71,195 $843,707 $(30,961)
Change in OCI before reclassifications(2)(4,178)(448,732)66,215 (183,872)(570,567)
Amounts reclassified from AOCI0 (20,268)0 0 (20,268)
Income tax benefit (expense)(2)275 98,567 (13,905)38,612 123,549 
Balance, June 30, 2024$(21,988)$(1,298,211)$123,505 $698,447 $(498,247)
(1)Includes cash flow hedges of $(167) million and $111 million as of June 30, 2025 and December 31, 2024, respectively, and $75 million and $12 million as of June 30, 2024 and December 31, 2023, respectively.
(2)Amounts reflect revision to prior period Financial Statements. See Note 17 for additional information.

Reclassifications out of Accumulated Other Comprehensive Income (Loss)
Three Months Ended June 30,Six Months Ended
June 30,
2025202420252024
 (in thousands)
Amounts reclassified from AOCI(1)(2):
Net unrealized investment gains (losses):
Cash flow hedges - Currency/Interest rate(3)$(45,776)$12,832 $(50,724)$35,736 
Net unrealized investment gains (losses) on available-for-sale securities(4,178)(8,631)(16,122)(15,468)
Total net unrealized investment gains (losses)(4)(49,954)4,201 (66,846)20,268 
Total reclassifications for the period$(49,954)$4,201 $(66,846)$20,268 
(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 5 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, 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 Unaudited Interim 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 Available-for-Sale 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)		Accumulated Other Comprehensive
Income (Loss) Related to Net Unrealized Investment Gains (Losses)
 (in thousands)
Balance, December 31, 2024$893 $(1,847,178)$(583,709)$920,455 $316,837 $(1,192,702)
Net investment gains (losses) on investments arising during the period2,882 640,422 0 0 (134,951)508,353 
Reclassification adjustment for (gains) losses included in net income(3,237)70,083 0 0 (14,023)52,823 
Reclassification due to allowance for credit losses recorded during the period363 (363)0 0 0 0 
Impact of net unrealized investment (gains) losses
0 0 198,327 (305,249)22,460 (84,462)
Balance, June 30, 2025$901 $(1,137,036)$(385,382)$615,206 $190,323 $(715,988)
(1)Includes cash flow hedges. See Note 5 for information on cash flow hedges.
(2)"Other costs" primarily includes reinsurance recoverables and deposit receivables 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.