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Reinsurance (Reinsurance amounts included in the Statements of Financial Position) (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Dec. 31, 2023
Effects of Reinsurance [Line Items]        
Reinsurance recoverables and deposit receivables $ 51,591,454 $ 48,247,817    
Policy loans (1,625,194) (1,541,480)    
Deferred policy acquisition costs (8,427,917) (7,807,060) $ (7,786,060) $ (7,144,736)
Deferred sales inducements (303,834) (322,351)    
Market risk benefit assets 2,584,710 2,637,363 2,499,234  
Other assets [1] 1,865,284 1,850,800    
Future policy benefits 26,797,497 25,113,767 25,253,059  
Market risk benefit liabilities 4,618,333 4,281,244 $ 4,915,163  
Other liabilities [2] 3,998,738 4,199,803    
Impacts of Reinsurance        
Effects of Reinsurance [Line Items]        
Reinsurance recoverables and deposit receivables 51,591,454 48,247,817    
Policy loans (1,165,595) (1,143,726)    
Deferred policy acquisition costs (3,226,142) (3,319,067)    
Deferred sales inducements (30,803) (32,573)    
Market risk benefit assets 1,247,836 1,145,580    
Other assets 1,461,554 1,538,231    
Policyholders’ account balances 5,242,963 5,567,661    
Future policy benefits 7,870,566 7,443,997    
Market risk benefit liabilities 262,237 302,310    
Reinsurance and funds withheld payables 9,846,615 8,611,141    
Other liabilities 3,183,073 3,282,713    
Unaffiliated activity        
Effects of Reinsurance [Line Items]        
Market risk benefit assets 888,725 804,015    
Other assets 1,069,217 1,118,974    
Policyholders’ account balances 1,550,755 1,665,998    
Future policy benefits 364 160    
Market risk benefit liabilities 124,597 151,432    
Reinsurance and funds withheld payables 3,769,332 3,360,901    
Other liabilities 237,554 257,929    
Unaffiliated activity        
Effects of Reinsurance [Line Items]        
Policy loans (50,054) (48,644)    
Deferred policy acquisition costs $ (642,793) $ (637,555)    
[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.