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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, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Premiums:        
Direct $ 474,905 $ 462,458 $ 938,353 $ 922,086
Assumed 15,360 30 26,022 63
Ceded (351,539) (367,567) (702,189) (735,046)
Net Premiums 138,726 94,921 262,186 187,103
Policy charges and fee income:        
Direct 782,872 785,299 1,580,082 1,556,488
Assumed 180,472 239,838 360,651 498,608
Ceded (492,728) (636,303) (1,071,771) 1,242,943
Net policy charges and fee income 470,616 388,834 868,962 3,298,039
Net investment income:        
Direct 776,177 592,448 1,523,722 1,111,500
Assumed 320 333 639 663
Ceded (13,244) (12,788) (26,312) (26,850)
Net investment income 763,253 579,993 1,498,049 1,085,313
Asset administration fees:        
Direct 76,328 79,776 155,233 162,464
Assumed 0 0 0 0
Ceded (26,361) (24,663) (53,186) (50,719)
Net asset administration fees 49,967 55,113 102,047 111,745
Other income (loss):        
Direct 184,960 84,931 289,606 129,747
Assumed 312 24 331 349
Ceded 54,774 56,163 126,550 226,017
Net other income (loss) 240,046 141,118 [1] 416,487 356,113 [1]
Realized investment gains (losses), net:        
Direct (769,462) 765,146 (852,345) 785,202
Assumed (1,088) 72,351 31,351 63,184
Ceded (48,814) (32,749) (104,744) (46,443)
Realized investment gains (losses), net (819,364) 804,748 [1] (925,738) 801,943 [1]
Change in value of market risk benefits, net of related hedging gains (losses):        
Direct (243,907) (298,559) (662,901) 25,816
Assumed 375 1,072 (109) 2,522
Ceded (42,637) 15,304 50,770 (206,525)
Net change in value of market risk benefits, net of related hedging gain (loss) (286,169) (282,183) [1] (612,240) (178,187) [1]
Policyholders’ benefits (including change in reserves):        
Direct 1,075,813 909,374 2,063,937 1,910,820
Assumed 270,684 245,810 563,162 533,221
Ceded (1,047,189) (1,019,305) (2,184,455) 1,798,246
Net policyholders’ benefits (including change in reserves 299,308 135,879 442,644 4,242,287
Change in estimates of liability for future policy benefits:        
Direct (131,798) 72,870 (125,544) 212,456
Assumed (23,668) 74,378 (22,376) 64,868
Ceded 47,996 (153,422) 47,032 (295,503)
Net change in estimates of liability for future policy benefits (107,470) (6,174) (100,888) (18,179)
Interest credited to policyholders’ account balances:        
Direct 243,526 297,194 610,052 609,384
Assumed 34,682 36,344 67,786 82,492
Ceded (109,631) (107,314) (215,499) (207,302)
Net interest credited to policyholders’ account balances 168,577 226,224 [1] 462,339 484,574 [1]
Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization (89,104) (117,347) (195,653) (508,790)
Unaffiliated activity        
Premiums:        
Assumed 27 30 54 60
Ceded (34,509) (26,827) (69,908) (51,979)
Policy charges and fee income:        
Assumed 448 356 659 628
Ceded (57,735) (44,958) (807,763) (86,970)
Net investment income:        
Ceded (419) 0 (862) 0
Asset administration fees:        
Ceded (6,230) (7,007) (12,644) (14,323)
Other income (loss):        
Assumed 120 24 (23) 453
Ceded 36,546 29,431 78,622 52,745
Realized investment gains (losses), net:        
Assumed (1,088) 72,351 31,351 63,184
Ceded (32,676) (12,360) (70,587) (20,640)
Change in value of market risk benefits, net of related hedging gains (losses):        
Assumed 375 1,072 (109) 2,522
Ceded 5,994 34,461 50,346 (63,547)
Policyholders’ benefits (including change in reserves):        
Assumed 189 28 234 361
Ceded (87,034) (64,243) (852,294) (211,071)
Change in estimates of liability for future policy benefits:        
Ceded (7,353) 29 (17,239) 91,902
Interest credited to policyholders’ account balances:        
Assumed 8,071 7,657 14,548 25,116
Ceded $ (24,818) $ (1) $ (49,294) $ (1)
[1] Amounts reflect revision to prior period Financial Statements. See Note 17 for additional information.