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Other Assets
 12 Months Ended
Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets Other Assets
The following table shows the components of other assets as of the dates indicated.
Other assets
December 31,
(In thousands) 20222021
Prepaid reinsurance premiums (1)
$141,402 $201,674 
Loaned securities (Notes 5 and 6)
112,139 103,996 
Company-owned life insurance (2)
105,331 113,386 
Right-of-use assets (Note 13)
21,099 31,878 
Other47,053 32,246 
Total other assets$427,024 $483,180 
(1)Relates primarily to our Single Premium QSR Program.
(2)We are the beneficiary of insurance policies on the lives of certain of our current and past officers and employees. The balances reported in other assets reflect the amounts that could be realized upon surrender of the insurance policies as of each respective date.
Right-of-Use Assets
During 2021, in response to the COVID-19 pandemic and our transition to a hybrid work environment, we made the decision to exit, and to actively market for sublease, all office space in our former corporate headquarters in downtown Philadelphia. As part of this change, we entered into two new leases with reduced square footage, including our new corporate headquarters, effective September 2021, in Wayne, Pennsylvania and a Cherry Hill, New Jersey location.
As a result of this decision and our ongoing evaluation of all of our existing leases, future space needs and evolving sublease market conditions, we recognized impairments to our right-of-use assets of $7.6 million and $1.1 million for the years ended December 31, 2022 and 2021, respectively. In addition, we recognized impairments to related property and equipment, including leasehold improvements, of $5.4 million and $0.3 million for the years ended December 31, 2022 and 2021, respectively. These impairments related primarily to our former corporate headquarters leases, and reduced the carrying value of certain lease assets and the related property and equipment to their estimated fair values. The right-of-use asset fair values were estimated using an income approach based on forecasted future cash flows expected to be derived from the property based on projected sublease market rents, which could differ from actual results and require us to revise our estimates in future periods. Following these impairments, which were recorded within other operating expenses in our consolidated statements of operations, the aggregate carrying value of the right-of-use assets and leasehold improvements related to the former corporate headquarters leases was $12.9 million as of December 31, 2022.