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Deferred Policy Acquisition Costs, Deferred Reinsurance and Deferred Sales Inducements (Tables)
 12 Months Ended
Dec. 31, 2025
Deferred Charges, Insurers [Abstract]  
Deferred Policy Acquisition Costs
The following table shows a rollforward for the lines of business that contain DAC balances, along with a reconciliation to the Company's total DAC balance: 
Fixed AnnuitiesVariable AnnuitiesTerm LifeVariable / Universal LifeTotal
 (in thousands)
Balance, December 31, 2022$102,251 $3,759,819 $648,837 $2,445,290 $6,956,197 
Capitalization117,851 263,869 159,000 580,715 1,121,435 
Amortization expense(22,165)(331,368)(63,949)(122,028)(539,510)
Other(1)0 (393,385)0 (1)(393,386)
Balance, December 31, 2023197,937 3,298,935 743,888 2,903,976 7,144,736 
Capitalization216,410 430,520 183,463 703,465 1,533,858 
Amortization expense(42,705)(356,254)(63,447)(140,951)(603,357)
Other(2)(3)0 0 (249,836)(18,341)(268,177)
Balance, December 31, 2024371,642 3,373,201 614,068 3,448,149 7,807,060 
Capitalization185,807 387,360 184,695 735,656 1,493,518 
Amortization expense(59,503)(403,516)(48,252)(152,256)(663,527)
Other(1,235)16,937 (637)3,067 18,132 
Balance, December 31, 2025$496,711 $3,373,982 $749,874 $4,034,616 $8,655,183 
(1)    Includes the impact of the reinsurance agreement with AuguStar. See Note 12 for additional information.
(2)    Includes the impacts of the Universal Life reinsurance transaction with PAR U and PURE. See Note 12 for additional information.
(3)    Includes the impacts of the Term Life reinsurance transaction with PARCC. See Note 12 for additional information.
Deferred Reinsurance Losses
The following table shows a rollforward for the lines of business that contain DRL balances, along with a reconciliation to the Company's total DRL balance:

Variable AnnuitiesTerm LifeVariable /
Universal Life		Total
(in thousands)
Balance, December 31, 2022$223,515 $69,378 $0 $292,893 
Amortization(29,403)(8,374)0 (37,777)
Other(1)0 0 (1)
Balance, December 31, 2023194,111 61,004 0 255,115 
Amortization(29,876)(15,345)(9,528)(54,749)
Other(1)(2)3 351,025 979,000 1,330,028 
Balance, December 31, 2024164,238 396,684 969,472 1,530,394 
Amortization(29,685)(36,797)(37,800)(104,282)
Other4 0 0 4 
Balance, December 31, 2025$134,557 $359,887 $931,672 $1,426,116 
(1)    Includes $979 million DRL related to the reinsurance transaction with Wilton Re. See Note 12 for additional information.
(2)    Includes $351 million DRL related to the reinsurance transaction with PARCC. See Note 12 for additional information.
Deferred Reinsurance Gains
The following table shows a rollforward for the lines of business that contain DRG balances, along with a reconciliation to the Company's total DRG balance:
Fixed AnnuitiesVariable AnnuitiesVariable / Universal LifeInternationalTotal
(in thousands)
Balance, December 31, 2022$57,898 $0 $1,434,958 $0 $1,492,856 
Amortization(9,790)(15,612)(71,462)0 (96,864)
Other(1)(34)277,333 0 0 277,299 
Balance, December 31, 202348,074 261,721 1,363,496 0 1,673,291 
Amortization(10,516)(20,061)(121,190)0 (151,767)
Other(2)(3)(10)(32)1,797,303 0 1,797,261 
Balance, December 31, 202437,548 241,628 3,039,609 0 3,318,785 
Amortization(9,303)(19,298)(120,590)(726)(149,917)
Other(4)159 76 (1,396,768)13,208 (1,383,325)
Balance, December 31, 2025$28,404 $222,406 $1,522,251 $12,482 $1,785,543 
(1)    Includes the impact of the reinsurance agreement with AuguStar. See Note 12 for additional information.
(2)    Includes the impact of the Universal Life reinsurance transaction with PAR U, PURE and Prudential Insurance effective January 1, 2024, including $1,207 million of DRG, partially offset by a $116 million write-off of the DRG that was recognized with the previous reinsurance agreement. See Note 12 for additional information.
(3)    Includes the impact of the Universal Life reinsurance transaction with PAR U and Prudential Insurance effective October 2024, including $798 million DRG, partially offset by a $94 million write-off of the DRG that was recognized with the previous reinsurance agreement. See Note 12 for additional information.
(4) Includes the impact of recognizing the previously existing DRG, attributable to the recapture of certain YRT transactions from Prudential Insurance effective October 1, 2025. See Note 12 for additional information.
Deferred Sales Inducements
The following table shows a rollforward of DSI balances for variable annuity products, which is the only line of business that contains a DSI balance, along with a reconciliation to the Company's total DSI balance:

Variable Annuities
(in thousands)
Balance, December 31, 2022$381,504 
Capitalization1,514 
Amortization expense(31,625)
Other31 
Balance, December 31, 2023351,424 
Capitalization1,243 
Amortization expense(30,316)
Balance, December 31, 2024322,351 
Capitalization4,047 
Amortization expense(29,370)
Other385 
Balance, December 31, 2025$297,413