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Reinsurance (Reinsurance amounts included in the Statement of Operations and Comprehensive Income (Loss)) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Premiums:        
Direct $ 473,746 $ 462,391 $ 1,412,099 $ 1,384,477
Assumed 18,511 29 44,533 92
Ceded (349,110) (365,331) (1,051,299) (1,100,377)
Net Premiums 143,147 97,089 405,333 284,192
Policy charges and fee income:        
Direct 812,539 808,852 2,392,621 2,365,340
Assumed 197,209 220,781 557,860 719,389
Ceded (607,855) (620,866) (1,679,626) 622,077
Net policy charges and fee income 401,893 408,767 1,270,855 3,706,806
Net investment income:        
Direct 852,298 651,762 2,376,020 1,763,262
Assumed 328 333 967 996
Ceded (13,232) (13,403) (39,544) (40,253)
Net investment income 839,394 638,692 2,337,443 1,724,005
Asset administration fees:        
Direct 80,153 83,659 235,386 246,123
Ceded (28,230) (27,231) (81,416) (77,950)
Net asset administration fees 51,923 56,428 153,970 168,173
Other income (loss):        
Direct 179,919 332,233 469,525 461,980
Assumed (20) (75) 311 274
Ceded 73,460 56,618 200,010 282,635
Net other income (loss) 253,359 388,776 [1] 669,846 744,889 [1]
Realized investment gains (losses), net:        
Direct (248,294) (552,741) (1,100,639) 232,461
Assumed 734 14,552 32,085 77,736
Ceded (100,309) (113,329) (205,053) (159,772)
Realized investment gains (losses), net (347,869) (651,518) [1] (1,273,607) 150,425 [1]
Change in value of market risk benefits, net of related hedging gains (losses):        
Direct 208,315 (214,414) (454,586) (188,598)
Assumed 1,551 (245) 1,442 2,277
Ceded (93,688) 39,258 (42,918) (167,267)
Net change in value of market risk benefits, net of related hedging gain (loss) 116,178 (175,401) [1] (496,062) (353,588) [2]
Policyholders’ benefits (including change in reserves):        
Direct 1,094,549 855,117 3,158,486 2,765,937
Assumed 264,954 242,113 828,116 775,334
Ceded (1,194,533) (966,549) (3,378,988) 831,697
Net policyholders’ benefits (including change in reserves 164,970 130,681 607,614 4,372,968
Change in estimates of liability for future policy benefits:        
Direct 49,720 142,204 (75,824) 354,660
Assumed 8,022 17,025 (14,354) 81,893
Ceded (44,062) (156,795) 2,970 (452,298)
Net change in estimates of liability for future policy benefits 13,680 2,434 (87,208) (15,745)
Interest credited to policyholders’ account balances:        
Direct 444,614 332,064 1,054,666 941,448
Assumed 31,389 35,476 99,175 117,968
Ceded (110,747) (111,380) (326,246) (318,682)
Net interest credited to policyholders’ account balances 365,256 256,160 [1] 827,595 740,734 [1]
Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization (92,403) (115,073) (288,056) (623,863)
Unaffiliated activity        
Premiums:        
Assumed 26 29 80 89
Ceded (36,841) (27,821) (106,749) (79,800)
Policy charges and fee income:        
Assumed 393 429 1,052 1,057
Ceded (78,663) (45,692) (886,426) (132,662)
Net investment income:        
Ceded (371) 0 (1,233) 0
Asset administration fees:        
Ceded (6,281) (7,151) (18,925) (21,474)
Other income (loss):        
Assumed (210) (75) (233) 378
Ceded 39,086 28,806 117,708 81,551
Realized investment gains (losses), net:        
Assumed 734 14,552 32,085 77,736
Ceded (72,741) (100,167) (143,328) (120,807)
Change in value of market risk benefits, net of related hedging gains (losses):        
Assumed 1,551 (245) 1,442 2,277
Ceded (48,624) 5,318 1,722 (58,229)
Policyholders’ benefits (including change in reserves):        
Assumed 76   310 216
Assumed   (145)    
Ceded (164,226) (51,927) (1,016,520) (262,998)
Change in estimates of liability for future policy benefits:        
Ceded (16,543) 673 (33,782) 92,575
Interest credited to policyholders’ account balances:        
Assumed 5,351 6,772 19,899 31,888
Ceded $ (25,219) $ 1 $ (74,513) $ 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.