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Variable Interest Entities (Assets and Liabilities of Consolidated VIEs) (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Variable Interest Entity [Line Items]    
Fixed maturities, available-for-sale [1] $ 45,686,539 $ 34,986,160
Other invested assets [2] 2,312,006 1,582,094
Accrued investment income [1] 563,184 466,394
Income tax assets [1] 2,065,549 2,120,654
Other assets [1] 1,865,284 1,850,800
Total assets of consolidated variable interest entities 256,043,224 238,454,729
Payables to parent and affiliates [2] 1,877,279 3,653,848
Other liabilities [2] 3,998,738 4,199,803
Notes issued by consolidated variable interest entities [2] 17,538 0
Total liabilities of consolidated variable interest entities 249,855,399 233,752,749
Consolidated VIEs for Which the Company is the Investment Manager    
Variable Interest Entity [Line Items]    
Fixed maturities, available-for-sale 17,525 0
Other invested assets 49,611 0
Accrued investment income 30 0
Income tax assets 3 0
Other assets (151)  
Other assets   0
Total assets of consolidated variable interest entities 67,018 0
Payables to parent and affiliates 93 0
Other liabilities 532 0
Notes issued by consolidated variable interest entities 17,538 0
Total liabilities of consolidated variable interest entities $ 18,163 $ 0
[1] See Note 4 for details of balances associated with variable interest entities.
[2]
The table below provides a summary of the gross notional amount and fair value of derivative contracts by the primary underlying risks, excluding embedded derivatives and associated reinsurance recoverables and deposit receivables. Many derivative instruments contain multiple underlying risks. The fair value amounts below represent the value of derivative contracts prior to taking into account the netting effects of master netting agreements and cash collateral.
 September 30, 2025December 31, 2024
Primary Underlying Risk/Instrument Type Fair Value Fair Value
Gross NotionalAssetsLiabilitiesGross NotionalAssetsLiabilities
 (in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Currency/Interest Rate
Interest Rate Swaps$2,711 $0 $(126)$2,851 $0 $(209)
Foreign Currency Swaps4,339,466 88,554 (213,498)3,308,842 202,606 (27,523)
Total Derivatives Designated as Hedge Accounting Instruments$4,342,177 $88,554 $(213,624)$3,311,693 $202,606 $(27,732)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate
Interest Rate Swaps$193,248,460 $8,054,508 $(19,736,940)$174,170,160 $9,029,399 $(20,888,553)
Interest Rate Futures1,817,500 1,014 (2,051)1,518,400 1,967 (1,443)
Interest Rate Options26,725,000 110,164 (1,204,126)29,135,000 279,414 (1,406,265)
Interest Rate Forwards0 0 0 0 0 0 
Interest Rate Total Return Swaps341,6694,8820 223,721 1,472 (2,121)
Foreign Currency
Foreign Currency Forwards2,316,193 10,343 (7,047)1,146,861 30,078 (181)
Credit
Credit Default Swaps849,9508,7420 911,850 9,606 0 
Currency/Interest Rate
Foreign Currency Swaps2,225,11161,881 (50,429)2,285,052 164,152 (9,277)
Equity
Equity Total Return Swaps28,343,850 2,602,653 (2,473,843)23,025,217 1,160,080 (1,182,913)
Equity Options211,675,759 9,174,115 (7,346,036)117,107,059 4,453,762 (3,717,637)
Equity Futures813,379 1,692 (908)1,802,205 15 (6,060)
Synthetic GICs4,180,490 0 0 3,958,847 143 (31)
Total Derivatives Not Qualifying as Hedge Accounting Instruments$472,537,361 $20,029,994 $(30,821,380)$355,284,372 $15,130,088 $(27,214,481)
Total Derivatives(1)(2)$476,879,538 $20,118,548 $(31,035,004)$358,596,065 $15,332,694 $(27,242,213)
(1)Excludes embedded derivatives which contain multiple underlying risks. The fair value of these embedded derivatives was a net liability of $17,025 million and $11,968 million as of September 30, 2025 and December 31, 2024, respectively, primarily included in "Policyholders' account balances".
(2)Recorded in “Other invested assets”, “Payables to parent and affiliates” and "Other liabilities" on the Unaudited Interim Consolidated Statements of Financial Position.