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Derivatives and Hedging (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
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.
 December 31, 2025December 31, 2024
Primary Underlying Risk/Instrument TypeFair ValueFair Value
Gross
Notional		AssetsLiabilitiesGross
Notional		AssetsLiabilities
 (in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Currency/Interest Rate
Interest Rate Swaps$2,664 $0 $(103)$2,851 $0 $(209)
Foreign Currency Swaps4,731,873 84,065 (215,779)3,308,842 202,606 (27,523)
Total Derivatives Designated as Hedge Accounting Instruments$4,734,537 $84,065 $(215,882)$3,311,693 $202,606 $(27,732)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate
Interest Rate Swaps$191,366,960 $8,656,717 $(20,427,373)$174,170,160 $9,029,399 $(20,888,553)
Interest Rate Futures2,076,700 2,227 (1,587)1,518,400 1,967 (1,443)
Interest Rate Options27,025,000 133,690 (1,331,534)29,135,000 279,414 (1,406,265)
Interest Rate Forwards0 0 0 0 0 0 
Interest Rate Total Return Swaps
843,143 215,517 (219,681)223,721 1,472 (2,121)
Foreign Currency
Foreign Currency Forwards2,388,287 1,918 (12,705)1,146,861 30,078 (181)
Credit
Credit Default Swaps874,950 9,667 0 911,850 9,606 0 
Currency/Interest Rate
Foreign Currency Swaps2,138,269 51,698 (55,778)2,285,052 164,152 (9,277)
Equity
Equity Total Return Swaps
31,287,562 2,697,977 (2,473,729)23,025,217 1,160,080 (1,182,913)
Equity Options199,267,054 9,954,651 (8,727,823)117,107,059 4,453,762 (3,717,637)
Equity Futures836,190 2,208 (4,586)1,802,205 15 (6,060)
Synthetic GICs4,186,284 0 0 3,958,847 143 (31)
Total Derivatives Not Qualifying as Hedge Accounting Instruments$462,290,399 $21,726,270 $(33,254,796)$355,284,372 $15,130,088 $(27,214,481)
Total Derivatives(1)(2)$467,024,936 $21,810,335 $(33,470,678)$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 $17,801 million and $11,968 million as of December 31, 2025 and 2024, respectively, primarily included in "Policyholders' account balances".
(2)Recorded in “Other invested assets”, “Payables to parent and affiliates” and "Other liabilities" on the Consolidated Statements of Financial Position.
Offsetting of Financial Assets
The following table presents recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables and deposit receivables), and repurchase and reverse repurchase agreements that are offset in the Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Consolidated Statements of Financial Position.
 December 31, 2025
 Gross
Amounts of
Recognized
Financial
Instruments		Gross
Amounts
Offset in the Consolidated
Statements of
Financial
Position		Net
Amounts
Presented in
the Consolidated Statements
of Financial
Position		Financial
Instruments/
Collateral(1)		Net Amount
 (in thousands)
Offsetting of Financial Assets:
Derivatives$21,810,330 $(21,763,852)$46,478 $0 $46,478 
Total Assets$21,810,330 $(21,763,852)$46,478 $0 $46,478 
Offsetting of Financial Liabilities:
Derivatives$33,470,678 $(30,988,463)$2,482,215 $(2,482,215)$0 
Total Liabilities$33,470,678 $(30,988,463)$2,482,215 $(2,482,215)$0 

 December 31, 2024
 Gross
Amounts of
Recognized
Financial
Instruments		Gross
Amounts
Offset in the Consolidated
Statements of
Financial
Position		Net
Amounts
Presented in
the Consolidated Statements
of Financial
Position		Financial
Instruments/
Collateral(1)		Net Amount
 (in thousands)
Offsetting of Financial Assets:
Derivatives$15,332,538 $(15,308,195)$24,343 $0 $24,343 
Total Assets$15,332,538 $(15,308,195)$24,343 $0 $24,343 
Offsetting of Financial Liabilities:
Derivatives$27,242,182 $(23,619,586)$3,622,596 $(3,622,596)$0 
Total Liabilities$27,242,182 $(23,619,586)$3,622,596 $(3,622,596)$0 
(1)Amounts exclude the excess of collateral received/pledged from/to the counterparty.
Offsetting of Financial Liabilities
The following table presents recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables and deposit receivables), and repurchase and reverse repurchase agreements that are offset in the Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Consolidated Statements of Financial Position.
 December 31, 2025
 Gross
Amounts of
Recognized
Financial
Instruments		Gross
Amounts
Offset in the Consolidated
Statements of
Financial
Position		Net
Amounts
Presented in
the Consolidated Statements
of Financial
Position		Financial
Instruments/
Collateral(1)		Net Amount
 (in thousands)
Offsetting of Financial Assets:
Derivatives$21,810,330 $(21,763,852)$46,478 $0 $46,478 
Total Assets$21,810,330 $(21,763,852)$46,478 $0 $46,478 
Offsetting of Financial Liabilities:
Derivatives$33,470,678 $(30,988,463)$2,482,215 $(2,482,215)$0 
Total Liabilities$33,470,678 $(30,988,463)$2,482,215 $(2,482,215)$0 

 December 31, 2024
 Gross
Amounts of
Recognized
Financial
Instruments		Gross
Amounts
Offset in the Consolidated
Statements of
Financial
Position		Net
Amounts
Presented in
the Consolidated Statements
of Financial
Position		Financial
Instruments/
Collateral(1)		Net Amount
 (in thousands)
Offsetting of Financial Assets:
Derivatives$15,332,538 $(15,308,195)$24,343 $0 $24,343 
Total Assets$15,332,538 $(15,308,195)$24,343 $0 $24,343 
Offsetting of Financial Liabilities:
Derivatives$27,242,182 $(23,619,586)$3,622,596 $(3,622,596)$0 
Total Liabilities$27,242,182 $(23,619,586)$3,622,596 $(3,622,596)$0 
(1)Amounts exclude the excess of collateral received/pledged from/to the counterparty.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The following tables provide the financial statement classification and impact of derivatives used in qualifying and non-qualifying hedge relationships, excluding the offset of the hedged item in an effective hedge relationship.
  
Year Ended December 31, 2025
 Realized
Investment
Gains (Losses)		Change in Value of Market Risk Benefits, Net of Related Hedging Gains (Losses)Net
Investment
Income		Other
Income
(Loss)		Change in AOCI
 (in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Cash flow hedges
Interest Rate$3 $0 $(63)$0 $90 
Currency/Interest Rate3,904 0 56,229 (80,651)(243,345)
Total cash flow hedges3,907 0 56,166 (80,651)(243,255)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate50,408 (791,731)0 0 0 
Currency(149,674)0 0 0 0 
Currency/Interest Rate(120,149)0 0 (1,037)0 
Credit14,684 0 0 0 0 
Equity3,505,905 (744,447)0 0 0 
Embedded Derivatives(4,434,388)0 0 0 0 
Total Derivatives Not Qualifying as Hedge Accounting Instruments(1,133,214)(1,536,178)0 (1,037)0 
Total$(1,129,307)$(1,536,178)$56,166 $(81,688)$(243,255)
  
Year Ended December 31, 2024
 
Realized
Investment
Gains (Losses)
Change in Value of Market Risk Benefits, Net of Related Hedging Gains (Losses)Net
Investment
Income		Other
Income
(Loss)		Change in AOCI
 (in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Cash flow hedges
Interest Rate$3 $0 $(118)$0 $46 
Currency/Interest Rate2,256 0 48,523 34,827 98,585 
Total cash flow hedges2,259 0 48,405 34,827 98,631 
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate35,600 (2,094,268)0 0 0 
Currency54,543 0 0 0 0 
Currency/Interest Rate77,166 0 0 523 0 
Credit16,856 0 0 0 0 
Equity3,207,538 (761,850)0 0 0 
Embedded Derivatives(2,680,559)0 0 0 0 
Total Derivatives Not Qualifying as Hedge Accounting Instruments711,144 (2,856,118)0 523 0 
Total$713,403 $(2,856,118)$48,405 $35,350 $98,631 

 Year Ended December 31, 2023
 Realized
Investment
Gains (Losses)		Change in Value of Market Risk Benefits, Net of Related Hedging Gains (Losses)Net
Investment
Income		Other
Income
(Loss)		Change in AOCI
 (in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Cash flow hedges
Interest Rate$2 $0 $(118)$0 $72 
Currency/Interest Rate(636)0 43,934 (26,206)(126,765)
Total cash flow hedges(634)0 43,816 (26,206)(126,693)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate25,329 (1,555,807)0 0 0 
Currency(16,012)0 0 0 0 
Currency/Interest Rate(102,238)0 0 (257)0 
Credit14,350 0 0 0 0 
Equity1,744,218 (821,996)0 0 0 
Embedded Derivatives(2,798,232)0 0 0 0 
Total Derivatives Not Qualifying as Hedge Accounting Instruments(1,132,585)(2,377,803)0 (257)0 
Total$(1,133,219)$(2,377,803)$43,816 $(26,463)$(126,693)
Schedule of Derivative Instruments Recognized in Accumulated Other Comprehensive Income(Loss) Before Taxes
Presented below is a rollforward of current period cash flow hedges in AOCI before taxes:
(in thousands)
Balance, December 31, 2022$138,627 
Amount recorded in AOCI
Interest Rate(44)
Currency/Interest Rate(109,673)
Total amount recorded in AOCI(109,717)
Amount reclassified from AOCI to income
Interest Rate116 
Currency/Interest Rate(17,092)
Total amount reclassified from AOCI to income(16,976)
Balance, December 31, 2023$11,934 
Amount recorded in AOCI
Interest Rate(69)
Currency/Interest Rate184,191 
Total amount recorded in AOCI184,122 
Amount reclassified from AOCI to income
Interest Rate115 
Currency/Interest Rate(85,606)
Total amount reclassified from AOCI to income(85,491)
Balance, December 31, 2024$110,565 
Amount recorded in AOCI
Interest Rate30 
Currency/Interest Rate(263,863)
Total amount recorded in AOCI(263,833)
Amount reclassified from AOCI to income
Interest Rate60 
Currency/Interest Rate20,518 
Total amount reclassified from AOCI to income20,578 
Balance, December 31, 2025$(132,690)