National Western Life Group Inc - Ordinary Shares (NWLI) 10-Q9 Nov 232023 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2023	Nov. 07, 2023
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	000-55522
Entity Registrant Name	NATIONAL WESTERN LIFE GROUP, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-3339380
Entity Address, Address Line One	10801 N. Mopac Expy Bldg 3
Entity Address, City or Town	Austin,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78759
City Area Code	(512)
Local Phone Number	836-1010
Title of 12(b) Security	Class A Common Stock, $0.01 par value
Trading Symbol	NWLI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001635984
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class A
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		3,436,020
Class B
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		200,000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Investments:
Debt securities available-for-sale, at fair value (cost: $7,994,143 and $8,438,760)	$ 7,052,554	$ 7,611,633
Debt securities trading, at fair value (cost: $1,221,272 and $1,269,597)	1,000,355	1,065,993
Mortgage loans, net of allowance for credit losses ($4,296 and $3,575), ($19,285 and $19,334 at fair value)	490,059	505,730
Policy loans	67,809	70,495
Derivatives, index options	55,278	23,669
Equity securities, at fair value (cost: $14,131 and $14,547)	21,913	22,076
Other long-term investments	308,899	262,106
Short-term investments	7,821	3,937
Total investments	9,004,688	9,565,639
Cash and cash equivalents	320,740	295,270
Deferred policy acquisition costs (Note 1)	635,837	663,882
Deferred sales inducements (Note 1)	74,928	85,303
Value of business acquired (Note 1)	132,004	138,495
Cost of reinsurance (Note 1)	69,945	78,328
Market risk benefits asset (Note 1)	48,240	48,759
Accrued investment income	95,704	92,250
Federal income tax receivable	3,161	6,508
Deferred Federal income tax asset (Note 1)	20,173	9,032
Amounts recoverable from reinsurer, net of allowance for credit losses ($0 and $450) (Note 1)	1,547,267	1,688,788
Other assets	106,743	110,691
Total assets	12,059,430	12,782,945
Future policyholder obligations:
Liability for policyholder account balances (Note 1)	7,078,891	7,661,785
Additional liability for benefits in excess of account balance (Note 1)	158,040	148,708
Liability for future policy benefits (Note 1)	843,636	900,146
Market risk benefits liability (Note 1)	220,506	215,777
Other policyholder liabilities	137,169	175,089
Funds withheld liability	1,161,155	1,333,036
Other liabilities	215,934	157,482
Total liabilities	9,815,331	10,592,023
COMMITMENTS AND CONTINGENCIES (Note 11)
Common stock:
Additional paid-in capital	41,716	41,716
Accumulated other comprehensive income (loss) (Note 1)	(531,705)	(478,219)
Retained earnings (Note 1)	2,734,052	2,627,389
Total stockholders’ equity	2,244,099	2,190,922
Total liabilities and stockholders' equity	12,059,430	12,782,945
Class A
Common stock:
Common stock value	34	34
Class B
Common stock:
Common stock value	$ 2	$ 2

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt securities available for sale	$ 7,994,143	$ 8,438,760
Debt securities, trading	1,221,272	1,269,597
Mortgage loans - allowance for credit losses	4,296	3,575
Mortgage loans, at fair value	19,285	19,334
Equity securities - cost	14,131	14,547
Amounts recoverable, allowance for credit losses	$ 0	$ 450
Class A
Equity, Attributable to Parent [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	7,500,000	7,500,000
Common stock, shares issued (in shares)	3,436,020	3,436,020
Common stock, shares outstanding (in shares)	3,436,020	3,436,020
Class B
Equity, Attributable to Parent [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	200,000	200,000
Common stock, shares issued (in shares)	200,000	200,000
Common stock, shares outstanding (in shares)	200,000	200,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Premiums and other revenues:
Universal life and annuity contract charges (Note 1)	$ 34,471	$ 33,810	$ 106,952	$ 99,428
Traditional life and single premium immediate annuity with life contingency ("SPIAWLC") premiums (Note 1)	21,631	22,337	64,435	71,119
Net investment income	68,964	79,504	281,387	204,702
Other revenues	5,741	5,761	16,731	17,136
Net realized investment gains	25,883	745	25,976	6,305
Total revenues	156,690	142,157	495,481	398,690
Benefits and expenses:
Life and other policy benefits (Note 1)	26,557	27,768	83,435	87,481
Policy benefit remeasurement (gains) and losses (Note 1)	8,360	9,827	8,360	9,827
Market risk benefits expense (Note 1)	(29,439)	(33,571)	6,733	(150,069)
Amortization of deferred transaction costs (Note 1)	20,326	21,613	63,600	67,549
Universal life and annuity contract interest (Note 1)	(10,417)	42,235	52,742	2,466
Other operating expenses	42,430	29,387	129,556	92,290
Total benefits and expenses	57,817	97,259	344,426	109,544
Earnings before Federal income taxes	98,873	44,898	151,055	289,146
Federal income taxes	34,148	9,710	44,392	59,869
Net earnings	64,725	35,188	106,663	229,277
Class A (Note 4)
Benefits and expenses:
Net earnings	$ 62,895	$ 34,193	$ 103,647	$ 222,793
Basic earnings per share:
Basic earnings per share (in dollars per share)	$ 18.30	$ 9.95	$ 30.17	$ 64.84
Diluted earnings per share:
Diluted earnings per share (in dollars per share)	$ 18.30	$ 9.95	$ 30.17	$ 64.84
Class B (Note 4)
Benefits and expenses:
Net earnings	$ 1,830	$ 995	$ 3,016	$ 6,484
Basic earnings per share:
Basic earnings per share (in dollars per share)	$ 9.15	$ 4.98	$ 15.08	$ 32.42
Diluted earnings per share:
Diluted earnings per share (in dollars per share)	$ 9.15	$ 4.98	$ 15.08	$ 32.42

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net earnings	$ 64,725	$ 35,188	$ 106,663	$ 229,277
Unrealized gains (losses) on debt securities available-for-sale:
Net unrealized holding gains (losses) arising during period (Note 1)	(143,757)	(287,338)	(90,152)	(1,094,529)
Reclassification adjustment for net amounts included in net earnings	(183)	129	(272)	(3,998)
Net unrealized gains (losses) on securities	(143,940)	(287,209)	(90,424)	(1,098,527)
Effect of discount rate changes on liability for future policy benefits (Note 1)	45,495	51,262	38,125	207,550
Foreign currency translation adjustments (Note 1)	17	51	9	346
Benefit plans:
Amortization of net prior service cost and net gain (loss)	(398)	1,135	(1,196)	3,403
Other comprehensive income (loss)	(98,826)	(234,761)	(53,486)	(887,228)
Comprehensive income (loss)	$ (34,101)	$ (199,573)	$ 53,177	$ (657,951)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common stock:	Additional paid-in capital:	Accumulated other comprehensive income (loss):	Unrealized gains (losses) on debt securities available-for-sale: (Note 1)	Changes in the Liability for future policy benefits related to changing discount rates (Note 1)	Foreign currency translation adjustments: (Note 1)	Benefit plan liability adjustment:	Retained earnings:
Total stockholders’ equity, beginning of period at Dec. 31, 2021	$ 2,721,553	$ 36	$ 41,716	$ 297,649	$ 367,109	$ (60,121)	$ 6,028	$ (15,367)	$ 2,382,152
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Change in unrealized gains (losses) during period, net of tax	(1,094,529)				(1,098,527)
Change in liability for future policy benefits during period, net of tax	207,550					207,550
Change in translation adjustments during period							346
Amortization of net prior service cost and net gain (loss), net of tax	3,403							3,403
Net earnings	229,277								229,277
Total stockholders’ equity, end of period at Sep. 30, 2022	2,063,602	36	41,716	(589,579)	(731,418)	147,429	6,374	(11,964)	2,611,429
Total stockholders’ equity, beginning of period at Jun. 30, 2022	2,263,175	36	41,716	(354,818)	(444,209)	96,167	6,323	(13,099)	2,576,241
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Change in unrealized gains (losses) during period, net of tax	(287,338)				(287,209)
Change in liability for future policy benefits during period, net of tax	51,262					51,262
Change in translation adjustments during period							51
Amortization of net prior service cost and net gain (loss), net of tax	1,135							1,135
Net earnings	35,188								35,188
Total stockholders’ equity, end of period at Sep. 30, 2022	2,063,602	36	41,716	(589,579)	(731,418)	147,429	6,374	(11,964)	2,611,429
Total stockholders’ equity, beginning of period at Dec. 31, 2022	2,190,922	36	41,716	(478,219)	(653,431)	170,701	6,450	(1,939)	2,627,389
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Change in unrealized gains (losses) during period, net of tax	(90,152)				(90,424)
Change in liability for future policy benefits during period, net of tax	38,125					38,125
Change in translation adjustments during period							9
Amortization of net prior service cost and net gain (loss), net of tax	(1,196)							(1,196)
Net earnings	106,663								106,663
Total stockholders’ equity, end of period at Sep. 30, 2023	2,244,099	36	41,716	(531,705)	(743,855)	208,826	6,459	(3,135)	2,734,052
Total stockholders’ equity, beginning of period at Jun. 30, 2023		36	41,716		(599,915)	163,331	6,442	(2,737)	2,669,327
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Change in unrealized gains (losses) during period, net of tax	(143,757)				(143,940)
Change in liability for future policy benefits during period, net of tax	45,495					45,495
Change in translation adjustments during period							17
Amortization of net prior service cost and net gain (loss), net of tax	(398)							(398)
Net earnings	64,725								64,725
Total stockholders’ equity, end of period at Sep. 30, 2023	$ 2,244,099	$ 36	$ 41,716	$ (531,705)	$ (743,855)	$ 208,826	$ 6,459	$ (3,135)	$ 2,734,052

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net earnings	$ 106,663	$ 229,277
Adjustments to reconcile net earnings to net cash from operating activities:
Universal life and annuity contract interest (Note 1)	52,742	2,466
Surrender charges and other policy revenues	(18,025)	(14,338)
Realized (gains) losses on investments	(25,976)	(6,305)
Accretion/amortization of discounts and premiums, investments	(1,911)	(3,289)
Depreciation and amortization	7,449	10,598
Increase (decrease) in estimated credit losses on investments	721	812
(Increase) decrease in value of debt securities trading	17,313	218,218
(Increase) decrease in value of equity securities	(1,807)	4,942
(Increase) decrease in value of derivative options	(4,045)	89,173
(Increase) decrease in deferred policy acquisition and sales inducement costs, and value of business acquired (Note 1)	44,911	24,298
(Increase) decrease in accrued investment income	(3,454)	(7,955)
(Increase) decrease in reinsurance recoverable (Note 1)	141,521	142,466
(Increase) decrease in cost of reinsurance	8,383	8,192
(Increase) decrease in other assets (Note 1)	(16,059)	(311)
Increase (decrease) in liabilities for future policy benefits (Note 1)	30,635	10,064
Increase (decrease) in market risk benefits liability (Note 1)	5,248	(149,083)
Increase (decrease) in other policyholder liabilities	(37,910)	12,214
Increase (decrease) in Federal income tax liability	3,347	(16,747)
Increase (decrease) in deferred Federal income tax (Note 1)	3,077	53,023
Increase (decrease) in funds withheld liability	(171,881)	(360,791)
Increase (decrease) in other liabilities (Note 1)	58,613	(15,188)
Net cash provided by operating activities	199,555	231,736
Proceeds from sales of:
Debt securities available-for-sale	44,678	39,254
Debt securities trading	50,978	17,183
Other investments	28,615	4,053
Proceeds from maturities, redemptions, and prepayments of:
Debt securities available-for-sale	543,719	822,494
Debt securities trading	61,702	82,445
Other investments	22,576	23,748
Derivatives, index options	11,825	46,561
Purchases of:
Debt securities available-for-sale	(145,243)	(807,484)
Debt securities trading	(69,197)	(290,799)
Equity securities	(799)	(900)
Derivatives, index options	(39,575)	(39,762)
Other investments	(55,232)	(112,389)
Property, equipment, and other productive assets	(2,220)	(1,348)
Net change in short-term investments	(3,884)	0
Principal payments on mortgage loans	21,846	23,076
Cost of mortgage loans acquired	(6,800)	(45,402)
Decrease (increase) in policy loans	2,137	263
Other (increases) decreases to funds withheld	8,207	(372)
Net cash provided by (used in) investing activities	473,333	(239,379)
Cash flows from financing activities:
Deposits to account balances for universal life and annuity contracts (Note 1)	75,303	252,873
Return of account balances on universal life and annuity contracts (Note 1)	(722,477)	(628,900)
Principal payments under finance lease obligation	(255)	(254)
Net cash provided by (used in) financing activities	(647,429)	(376,281)
Effect of foreign exchange (Note 1)	11	439
Net increase (decrease) in cash, cash equivalents, and restricted cash	25,470	(383,485)
Cash, cash equivalents, and restricted cash at beginning of period	295,270	714,624
Cash, cash equivalents and restricted cash at end of period	320,740	331,139
Cash paid during the period for:
Interest	56	56
Income taxes	38,060	23,643
Noncash operating activities:
Net deferral and amortization of sales inducements (Note 1)	(10,375)	(3,159)
Establishment of funds withheld liability (Note 1)	0	243,123
Deferred gain on reinsurance	$ 0	$ 21,196

Consolidation and Basis of Pres

Consolidation and Basis of Presentation	9 Months Ended
Consolidation and Basis of Presentation	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
CONSOLIDATION AND BASIS OF PRESENTATION	CONSOLIDATION AND BASIS OF PRESENTATION The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete annual financial statements. Except for the retroactive adoption of a required change in accounting standard as discussed below and as further described in Note (2) New Accounting Pronouncements , in the opinion of management, the accompanying Condensed Consolidated Financial Statements contain all adjustments necessary to present fairly the financial position and results of operations of National Western Life Group, Inc. ("NWLGI") and its wholly owned subsidiaries (collectively, the “Company”), on a basis consistent with the prior audited consolidated financial statements, as of September 30, 2023, and for the three and nine months ended September 30, 2023 and September 30, 2022. Certain reclasses of prior year balances have been made for comparison. The results of operations for the nine months ended September 30, 2023 are not necessarily indicative of the results to be expected for the full year. It is recommended that these Condensed Consolidated Financial Statements, excluding balances affected by the adoption of Accounting Standards Update (ASU) 2018-12 noted below, be read in conjunction with the audited consolidated financial statements and notes included in the Company's Annual Report on Form 10-K for the year ended December 31, 2022 which is accessible free of charge through the Company's internet site at www.nwlgi.com or the Securities and Exchange Commission internet site at www.sec.gov . Except for balances affected by the adoption of ASU 2018-12 noted below, the Condensed Consolidated Balance Sheet at December 31, 2022 has been derived from the audited consolidated financial statements as of that date. The accompanying unaudited Condensed Consolidated Financial Statements include the accounts of NWLGI and its wholly owned subsidiaries: National Western Life Insurance Company ("NWLIC" or "National Western"), Regent Care San Marcos Holdings, LLC, NWL Services, Inc., and N.I.S. Financial Services, Inc. ("NIS"). National Western's wholly owned subsidiaries include The Westcap Corporation, NWL Financial, Inc., NWLSM, Inc., Braker P III, LLC, and Ozark National Life Insurance Company ("Ozark National"). All significant intercorporate transactions and accounts have been eliminated in consolidation. The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Significant estimates in the accompanying Condensed Consolidated Financial Statements include: (1) liabilities for future policy obligations and market risk benefits, (2) valuation of derivative instruments, (3) recoverability and amortization of deferred policy acquisition costs ("DPAC"), deferred sales inducements ("DSI"), the value of business acquired ("VOBA"), and the cost of reinsurance ("COR"), (4) valuation allowances for deferred tax assets, (5) goodwill, (6) allowances for credit losses on available-for-sale debt securities, (7) allowance for credit losses for mortgage loans and reinsurance recoverables, and (8) commitments and contingencies. As a result of executing a funds withheld coinsurance agreement at December 31, 2020, the Company implemented accounting policies related to trading debt securities and the embedded derivative on reinsurance in its financial statements. Trading securities represent debt securities that are included in the fund assets withheld as part of the funds withheld coinsurance agreements to support the policyholder liability obligations ceded to the reinsurer. Trading debt securities are reported in the accompanying Condensed Consolidated Financial Statements at their fair values with changes in their fair values reflected as a component of Net investment income in the Condensed Consolidated Statements of Earnings. Since these trading debt securities pertain to investment activities related to coinsurance agreements rather than as an income strategy based on active trading, they are classified as investing activities in the Condensed Consolidated Statements of Cash Flows. Under the terms of a coinsurance funds withheld agreement, while the assets are withheld, the associated interest and credit risk of these assets are transferred to the reinsurer creating an embedded derivative on reinsurance in the funds withheld liability. Accordingly, the Company is required to bifurcate the embedded derivative from the host contract in accordance with ASC 815-15. The bifurcated embedded derivative on reinsurance is computed as the fair value unrealized gain (loss) on the underlying funds withheld assets. This amount is included as a component of the funds withheld liability balance reported on the Condensed Consolidated Balance Sheets, with changes in the embedded derivative on reinsurance reported in Net investment income in the Condensed Consolidated Statements of Earnings. On July 27, 2022, National Western entered into a Funds Withheld Coinsurance Agreement with Aspida Life Re Ltd. (“Aspida"), a reinsurer organized under the Laws of Bermuda. Pursuant to this agreement, the Company agreed to cede, on a coinsurance with funds withheld basis, a specified quota share of certain liabilities pertaining to an in-force block of annuity contracts issued by the Company before July 1, 2022. The initial amount of statutory reserve liabilities ceded by the Company to Aspida under the agreement approximated $250.0 million. In addition, pursuant to the agreement, the Company agreed to cede, on a coinsurance with funds withheld basis, a specified quota share of certain annuity contracts issued or to be issued by the Company on or after July 1, 2022. As consideration for Aspida’s agreement to provide reinsurance pursuant to the agreement, the Company transferred into a funds withheld account permitted assets approximating the initial statutory reserve liabilities ceded to Aspida. In accordance with the agreement and in order to provide additional security for Aspida’s obligations under the agreement, the parties established a trust account for the benefit of the Company in which Aspida maintains certain assets and grants the Company a first priority security interest in such assets. The table below shows the net unrealized gains and losses on available-for-sale securities that were reclassified out of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2023 and September 30, 2022. Affected Line Item in the Condensed Consolidated Statements of Earnings Amount Reclassified From Accumulated Other Comprehensive Income (Loss) Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Other net investment gains $ 231 (163) 344 5,061 Earnings before Federal income taxes 231 (163) 344 5,061 Federal income taxes 48 (34) 72 1,063 Net earnings $ 183 (129) 272 3,998 Restatement of prior period consolidated financial statements as a result of adopting ASU 2018-12 As a result of the adoption of Accounting Standards Update 2018-12 Financial Services - Insurance (Topic 944) - Targeted Improvements to the Accounting for Long-Duration Contracts ("LDTI" or "ASU 2018-12"), the results and related disclosures for the comparative 2022 periods presented in this Form 10-Q were recast to be presented as if the requirements of LDTI had been in effect during those periods. Implementation of LDTI affected various line items in each condensed consolidated financial statement. Refer to Note (2) New Accounting Policies for more details about the new guidance and a summary of the restated balances. The Company adopted ASU 2018-12 guidance effective January 1, 2023 using the modified retrospective transaction method, where permitted, for changes in the liability for future policy benefits and deferred policy acquisition costs and related balances, and the retrospective transition method for market risk benefits. The transition date for restatement was January 1, 2021 and amounts previously reported were retroactively restated, including those amounts shown for the three and nine months ended September 30, 2022, and as of December 31, 2022. The following tables present amounts as previously reported, the effect of adoption of the guidance under ASU 2018-12, and the resulting adjusted amounts reported in interim Condensed Consolidated Financial Statements included herein. The tables include only those line items impacted by restatement. Restated Lines of Condensed Consolidated Balance Sheet: December 31, 2022 As previously Reported Effect of Change As Currently Reported (In thousands) Assets: Deferred policy acquisition costs $ 909,786 (245,904) 663,882 Deferred sales inducements 114,399 (29,096) 85,303 Value of business acquired 146,494 (7,999) 138,495 Market risk benefits asset — 48,759 48,759 Deferred federal income tax asset 57,867 (48,835) 9,032 Amounts recoverable from reinsurer, net of allowance for credit losses 1,723,347 (34,559) 1,688,788 Other assets 110,339 352 110,691 Total Assets 13,100,227 (317,282) 12,782,945 Liabilities: Future policy benefits: Universal life and annuity contracts 8,498,684 (8,498,684) — Traditional life reserves 919,650 (919,650) — Liability for policyholder account balances — 7,661,785 7,661,785 Additional liability for benefits in excess of account balance — 148,708 148,708 Liability for future policy benefits — 900,146 900,146 Market risk benefits liability — 215,777 215,777 Other liabilities 166,557 (9,075) 157,482 Total liabilities 11,093,016 (500,993) 10,592,023 Stockholders' Equity: Accumulated other comprehensive income (loss) (416,397) (61,822) (478,219) Retained earnings 2,381,856 245,533 2,627,389 Total stockholders' equity 2,007,211 183,711 2,190,922 Total liabilities and stockholders' equity 13,100,227 (317,282) 12,782,945 Interim Condensed Consolidated Statements of Earnings: Three Months Ended September 30, 2022 As previously Reported Effect of Change As Currently Reported (In thousands, except per share amounts) Premiums and other revenues: Universal life and annuity contract charges $ 36,063 (2,253) 33,810 Traditional life and SPIAWLC premiums 21,639 698 22,337 Other revenues 5,922 (161) 5,761 Total Revenues 143,873 (1,716) 142,157 Benefits and Expenses: Life and other policy benefits 37,356 (9,588) 27,768 Remeasurement gain/loss — 9,827 9,827 Market risk benefits expense — (33,571) (33,571) Amortization of deferred transaction costs 31,679 (10,066) 21,613 Universal life and annuity contract interest 17,548 24,687 42,235 Total benefit and expenses 115,970 (18,711) 97,259 Federal income taxes 6,142 3,568 9,710 Net earnings 21,761 13,427 35,188 Basic earnings per share: Class A (Note 4) 6.15 3.80 9.95 Class B (Note 4) 3.08 1.90 4.98 Diluted earnings per share: Class A (Note 4) 6.15 3.80 9.95 Class B (Note 4) 3.08 1.90 4.98 Nine Months Ended September 30, 2022 As previously Reported Effect of Change As Currently Reported (In thousands, except per share amounts) Premiums and other revenues: Universal life and annuity contract charges $ 101,406 (1,978) 99,428 Traditional life and SPIAWLC premiums 65,619 5,500 71,119 Other revenues 17,297 (161) 17,136 Total Revenues 395,329 3,361 398,690 Benefits and Expenses: Life and other policy benefits 114,432 (26,951) 87,481 Remeasurement gain/loss — 9,827 9,827 Market risk benefits expense — (150,069) (150,069) Amortization of deferred transaction costs 88,451 (20,902) 67,549 Universal life and annuity contract interest (11,058) 13,524 2,466 Total benefit and expenses 284,115 (174,571) 109,544 Federal income taxes 22,504 37,365 59,869 Net earnings 88,710 140,567 229,277 Basic earnings per share: Class A (Note 4) 25.09 39.75 64.84 Class B (Note 4) 12.54 19.88 32.42 Diluted earnings per share: Class A (Note 4) 25.09 39.75 64.84 Class B (Note 4) 12.54 19.88 32.42 Interim Condensed Consolidated Statement of Changes in Stockholders' Equity: Three Months Ended September 30, 2022 As previously Reported Effect of Change As Currently Reported (In thousands) Retained Earnings: Balance at June 30, 2022 $ 2,348,935 227,306 2,576,241 Net earnings 21,761 13,427 35,188 Balance at September 30, 2022 2,370,696 240,733 2,611,429 Balance at December 31, 2022 2,381,856 245,533 2,627,389 Accumulated Other Comprehensive Income (Loss): Unrealized gains (losses) on non-impaired securities: Balance at June 30, 2022 (287,430) (156,779) (444,209) Other comprehensive income (loss), net of income tax (181,077) (106,132) (287,209) Balance at September 30, 2022 (468,507) (262,911) (731,418) Balance at December 31, 2022 (419,965) (233,466) (653,431) Change in LFPB due to discount rate changes: Balance at June 30, 2022 — 96,167 96,167 Impact of discount rate changes during the period — 51,262 51,262 Balance at September 30, 2022 — 147,429 147,429 Balance at December 31, 2022 — 170,701 170,701 Foreign currency translation adjustments: Balance at June 30, 2022 5,391 932 6,323 Change in translation adjustments during period 48 3 51 Balance at September 30, 2022 5,439 935 6,374 Balance at December 31, 2022 5,507 943 6,450 Total Accumulated Other Comprehensive Income (Loss): Balance at June 30, 2022 (295,138) (59,680) (354,818) Change during period (179,894) (54,867) (234,761) Balance at September 30, 2022 (475,032) (114,547) (589,579) Balance at December 31, 2022 (416,397) (61,822) (478,219) Total stockholders' equity: Balance at June 30, 2022 2,095,549 167,626 2,263,175 Balance at September 30, 2022 1,937,416 126,186 2,063,602 Balance at December 31, 2022 2,007,211 183,711 2,190,922 Nine Months Ended September 30, 2022 As previously Reported Effect of Change As Currently Reported (In thousands) Retained Earnings: Balance at December 31, 2021 $ 2,281,986 100,166 2,382,152 Net earnings 88,710 140,567 229,277 Balance at September 30, 2022 2,370,696 240,733 2,611,429 Balance at December 31, 2022 2,381,856 245,533 2,627,389 Accumulated Other Comprehensive Income (Loss): Unrealized gains (losses) on non-impaired securities: Balance at December 31, 2021 226,220 140,889 367,109 Other comprehensive income (loss), net of income tax (694,727) (403,800) (1,098,527) Balance at September 30, 2022 (468,507) (262,911) (731,418) Balance at December 31, 2022 (419,965) (233,466) (653,431) Change in LFPB due to discount rate changes: Balance at December 31, 2021 — (60,121) (60,121) Impact of discount rate changes during the period — 207,550 207,550 Balance at September 30, 2022 — 147,429 147,429 Balance at December 31, 2022 — 170,701 170,701 Foreign currency translation adjustments: Balance at December 31, 2021 5,100 928 6,028 Change in translation adjustments during period 339 7 346 Balance at September 30, 2022 5,439 935 6,374 Balance at December 31, 2022 5,507 943 6,450 Total Accumulated Other Comprehensive Income (Loss): Balance at December 31, 2021 215,953 81,696 297,649 Change during period (690,985) (196,243) (887,228) Balance at September 30, 2022 (475,032) (114,547) (589,579) Balance at December 31, 2022 (416,397) (61,822) (478,219) Total stockholders' equity: Balance at December 31, 2021 2,539,691 181,862 2,721,553 Balance at September 30, 2022 1,937,416 126,186 2,063,602 Balance at December 31, 2022 2,007,211 183,711 2,190,922 Interim Condensed Consolidated Statement of Cash Flows: Nine Months Ended September 30, 2022 As previously Reported Effect of Change As Currently Reported (In thousands) Cash flows from operating activities: Net earnings $ 88,710 140,567 229,277 Adjustments to reconcile net earnings to net cash from operating activities: Universal life and annuity contract interest (11,058) 13,524 2,466 (Increase) decrease in deferred policy acquisition and sales inducement costs, and value of business acquired 47,694 (23,396) 24,298 (Increase) decrease in reinsurance recoverable 81,454 61,012 142,466 (Increase) decrease in other assets (333) 22 (311) Increase (decrease) in liabilities for future policy benefits 93,088 (83,024) 10,064 Increase (decrease) in market risk benefits liability — (149,083) (149,083) Increase (decrease) in deferred Federal income tax 15,658 37,365 53,023 Increase (decrease) in other liabilities (15,347) 159 (15,188) Net cash provided by (used in) operating activities 234,590 (2,854) 231,736 Cash flows from financing activities: Deposits to account balances for universal life and annuity contracts 258,248 (5,375) 252,873 Return of account balances on universal life and annuity contracts (637,119) 8,219 (628,900) Net cash provided by (used in) financing activities (379,125) 2,844 (376,281) Effect of foreign exchange 429 10 439

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
New Accounting Pronouncements	Sep. 30, 2023
Accounting Policies [Abstract]
NEW ACCOUNTING PRONOUNCEMENTS	NEW ACCOUNTING PRONOUNCEMENTS Recent accounting pronouncements not yet adopted None noted. Accounting pronouncements adopted Targeted Improvements to the Accounting for Long-Duration Contracts In August 2018, the FASB issued ASU 2018-12 Financial Services-Insurance (Topic 944) - Targeted Improvements to the Accounting for Long-Duration Contracts ("LDTI" or "ASU 2018-12"). This update pertains to long-duration contracts and improving the timeliness of recognizing changes in the liability for future policy benefits, simplifying accounting for certain market-based options, simplifying the amortization of deferred policy acquisition costs, and improving the effectiveness of required disclosures. Amendments include the following: A. Require an insurance entity to (1) review and update assumptions used to measure cash flows at least annually (with changes recognized in net income) and (2) update discount rate assumptions at each quarterly reporting date with the impact recognized in Other comprehensive income ("OCI"). B. Require an insurance entity to measure all market risk benefits, which are contracts or contract features that provide protection to the policyholder from capital market risk, associated with deposit (i.e. account balance) contracts at fair value. The periodic change in fair value attributable to change in instrument-specific credit risk is recognized in OCI. C. Simplify amortization of deferred policy acquisition costs and other balances amortized in proportion to premiums, gross profits, or gross margins and require those balances be amortized on a constant basis over the expected term of the related contracts. Deferred policy acquisition costs are required to be written off for unexpected contract terminations but are not subject to impairment testing. D. Require an insurance entity to add disclosures of disaggregated rollforwards of significant insurance liabilities and other account balances (i.e. beginning to ending balances of the liability for future policy benefits, policyholder account balances, market risk benefits, separate account liabilities, and deferred acquisition costs). The insurance entity must also disclose information about significant inputs, judgments, assumptions, and methods used in measurement, including changes in those inputs, judgments, and assumptions, and the effect of those changes on measurement. In November 2020, the FASB released ASU 2020-11 Financial Services – Insurance (Topic 944) . The amendments in this update deferred the effective date of adoption of ASU 2018-12 for all entities by one year. In particular, for publicly traded business entities, adoption of LDTI was made effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. On January 1, 2023, the Company adopted the requirements of the new standard, using the modified retrospective approach for market risk benefits, the liability for future policy benefits, and deferred policy acquisition costs and related balances, such that those balances were adjusted to conform to ASU 2018-12 as of January 1, 2021, the transition date. The following table summarizes the restated Deferred policy acquisition costs ("DPAC") and Deferred sales inducements ("DSI") balances as of the transition date, January 1, 2021, due to the adoption of ASU 2018-12. Domestic Traditional Life Domestic Universal Life International Traditional Life International Universal Life Annuities excl. SPIAs WLC ONL & Affiliates (In thousands) Deferred policy acquisition costs: Balance, December 31, 2020 $ 4,014 96,513 13,399 157,186 103,179 7,789 Removal of shadow balances in Accumulated other comprehensive income (loss) — 47,620 — 27,076 239,099 — Adjusted balance, January 1, 2021 $ 4,014 144,133 13,399 184,262 342,278 7,789 Domestic Traditional Life Domestic Universal Life International Traditional Life International Universal Life Annuities excl. SPIAs WLC ONL & Affiliates (In thousands) Deferred sales inducements: Balance, December 31, 2020 $ — — — — 43,845 — Removal of shadow balances in Accumulated other comprehensive income (loss) — — — — 52,533 — Adjusted balance, January 1, 2021 $ — — — — 96,378 — The following table summarizes restated DPAC and DSI balances by product line in the Consolidated Balance Sheet as of January 1, 2021. DPAC Balances DSI Balances (In thousands) Domestic traditional life $ 4,014 — Domestic universal life 144,133 — International traditional life 13,399 — International universal life 184,262 — Annuities, excluding SPIAs with life contingencies 342,278 96,378 ONL & Affiliates 7,789 — Balance Sheet balance as of January 1, 2021 $ 695,875 96,378 A table presenting the change in Value of business acquired (VOBA) between December 31, 2020 and January 1, 2021 for the adoption of ASU 2018-12 is not included as VOBA is not impacted by shadow balance accounting. However, the method of recognizing amortization expense of VOBA in the Condensed Consolidated Statements of Earnings subsequent to January 1, 2021 has changed consistent with the method of determining amortization expense for DPAC and DSI balances. Refer to Note (5) Deferred Transaction Costs for further information concerning amortization of Deferred Transaction Costs balances effected by the adoption of ASU 2018-12. The following table summarizes the restated Liability for policyholder account balances as of January 1, 2021 for the adoption of ASU 2018-12. Domestic Universal Life International Universal Life Annuities excl. SPIAs WLC (In thousands) Universal life and annuity contracts balance, December 31, 2020 $ 1,267,764 740,839 7,026,713 Transfer of balances to Additional liabilities in excess of account balance (45,136) (63,046) (11,192) Transfer of balances to Liability for future policy benefits 66 107 (200,894) Transfer of balances to Market risk benefits — — (205,611) Change in embedded derivative on reserves — — (131,573) Liability for policyholder account balances, January 1, 2021 1,222,694 677,900 6,477,443 Less reinsurance recoverable — — (1,677,898) Adjusted balance, January 1, 2021, net of reinsurance $ 1,222,694 677,900 4,799,545 The following table summarizes the Additional liability in excess of account balances as of January 1, 2021 for the adoption of ASU 2018-12. Domestic Universal Life International Universal Life Annuities excl. SPIAs WLC (In thousands) Balance, December 31, 2020 $ — — — Transfer of balances from universal life ("UL") and annuity contracts 45,136 63,046 11,192 Adjusted balance, January 1, 2021 45,136 63,046 11,192 Less reinsurance recoverable — — (11,192) Adjusted balance, January 1, 2021, net of reinsurance $ 45,136 63,046 — The following table summarizes the restated Liability for future policy benefits balance as of January 1, 2021 for the adoption of ASU 2018-12. Domestic Traditional Life International Traditional Life SPIAs With Life Contingencies ONL & Affiliates (In thousands) Traditional life reserve balance, December 31, 2020 $ 56,894 70,426 2,350 768,433 Transfer of balances from UL and annuity contracts (66) (107) 200,894 — Change in discount rate assumptions 36,479 26,131 37,390 86,016 Change in cash flow assumptions, effect of net premiums exceeding gross premiums 7,937 — — — Change in cash flow assumptions, effect of decrease (increase) of the deferred profit liability — — (3,160) — Other Adjustments 1,163 (1,048) 653 12,403 Adjustment for removal of related balances in accumulated other comprehensive income — — — — Liability for future policy benefit balance, January 1, 2021 102,407 95,402 238,127 866,852 Less reinsurance recoverable (13,680) (607) (238,127) (33,731) Adjusted balance, January 1, 2021, net of reinsurance $ 88,727 94,795 — 833,121 Refer to Note (6) Policyholder Obligations for further information. The following table summarizes the Market risk benefits liability balance as of January 1, 2021 for the adoption of ASU 2018-12. (In thousands) Balance, December 31, 2020 $ — Transfer of balances from UL and annuity contracts 205,611 Adjustment for the difference between carrying amount and fair value, except for the difference due to instrument-specific credit risk 95,990 Adjustment for the cumulative effect of changes in the instrument-specific credit risk — Total adjustment for the difference between carrying amount and fair value 95,990 Adjusted balance, January 1, 2021 301,601 Less reinsurance recoverable (73,651) Adjusted balance, January 1, 2021, net of reinsurance $ 227,950 Refer to Note (7) Market Risk Benefits for further information. The following table summarizes restated Future policyholder obligations liability and the Market risk benefits liability balances in the Consolidated Balance Sheet as of January 1, 2021. Policyholder Account Balances Additional Liability for Benefits Liability for Future Policy Benefits Market Risk Benefits Liability (In thousands) Domestic traditional life $ — — 102,407 — Domestic universal life 1,222,694 45,136 — — International traditional life — — 95,402 — International universal life 677,900 63,046 — — SPIAs with life contingencies — — 238,127 — Annuities, excluding SPIAs with life contingencies 6,477,443 11,192 — 301,601 ONL & Affiliates — — 866,852 — Balance Sheet balances as of January 1, 2021 $ 8,378,037 119,374 1,302,788 301,601 The following table presents the effect of the transition adjustment, net of foreign exchange and deferred tax adjustments, on total equity for the adoption of ASU 2018-12 as of January 1, 2021. January 1, 2021 Retained Earnings Accumulated Other Comprehensive Income Total (In thousands) Liability for future policy benefits $ (9,650) (112,734) (122,384) Liability for policyholder account balances 303,503 — 303,503 Additional liability for excess death/annuitization benefits (85,463) — (85,463) Deferred policy acquisition costs — 247,897 247,897 Deferred sales inducements — 41,501 41,501 Market risk benefits (180,080) — (180,080) Total $ 28,310 176,664 204,974 The net transition adjustment for the Liability for future policy benefits is due to the difference in the discount rate used previously and the discount rate used for the adoption of ASU 2018-12 at January 1, 2021. The transition adjustment for DPAC and DSI removed the shadow adjustments pertaining to unrealized investment gains/(losses) previously required to be allocated from Accumulated Other Comprehensive Income (Loss). The transition adjustment for Market risk benefits is the difference between reporting certain contracts and contract features at fair value under ASU 2018-12 as opposed to the carrying amount previously required under GAAP. Prior to the adoption of ASU 2018-12, VOBA and Cost of Reinsurance (COR) balances were amortized consistent with the methodologies employed for amortizing DPAC and DSI balances. Although not otherwise impacted by ASU 2018-12, the Company elected to continue using the amortization method consistent with that used for amortizing DPAC and DSI balances after the adoption of the new accounting standard. VOBA and COR balances did not have shadow accounting requirements under GAAP prior to the adoption of ASU 2018-12 and consequently did not have a transition adjustment. The following tables summarize restated DPAC, DSI, and VOBA balances as of December 31, 2021 and the changes in these balances subsequent to the January 1, 2021 transition date. The balances as of December 31, 2021 establish the beginning balances for reporting the results for the nine months ended September 30, 2022. Domestic Traditional Life Domestic Universal Life International Traditional Life International Universal Life Annuities excl. SPIAs WLC ONL & Affiliates (In thousands) Deferred Policy Acquisition Costs: Adjusted balance, January 1, 2021 $ 4,014 144,133 13,399 184,262 342,278 7,789 Capitalization additions 19 33,447 — 1,072 38,836 4,176 Amortization (585) (9,265) (984) (17,666) (40,187) (676) Experience adjustment — (567) — (112) 970 — Adjusted balance, December 31, 2021 $ 3,448 167,748 12,415 167,556 341,897 11,289 Domestic Traditional Life Domestic Universal Life International Traditional Life International Universal Life Annuities excl. SPIAs WLC ONL & Affiliates (In thousands) Deferred Sales Inducements: Adjusted balance, January 1, 2021 $ — — — — 96,378 — Capitalization additions — — — — 18,117 — Amortization — — — — (11,775) — Experience adjustment — — — — 256 — Adjusted balance, December 31, 2021 $ — — — — 102,976 — ONL & Affiliates (In thousands) Value of Business Acquired: Balance, January 1, 2021 $ 162,968 Capitalization additions — Amortization (13,560) Experience adjustment — Balance, December 31, 2021 $ 149,408 The following table summarizes restated DPAC, DSI, and VOBA balances in the Consolidated Balance Sheet as of December 31, 2021. DPAC DSI VOBA (In thousands) Domestic traditional life $ 3,448 — — Domestic universal life 167,748 — — International traditional life 12,415 — — International universal life 167,556 — — SPIAs with life contingencies — — — Annuities, excluding SPIAs with life contingencies 341,897 102,976 — ONL & Affiliates 11,289 — 149,408 Balance Sheet balances as of December 31, 2021 $ 704,353 102,976 149,408 The following table summarizes the restated Liability for policyholder account balances as of December 31, 2021 and the changes in this balance subsequent to the January 1, 2021 transition date. The balance as of December 31, 2021 establishes the beginning balance for reporting the results for the nine months ended September 30, 2022. Domestic Universal Life International Universal Life Annuities excl. SPIAs WLC (In thousands) Adjusted balance, January 1, 2021 $ 1,222,694 677,900 6,477,443 Issuances — — — Premiums received 225,349 46,147 430,846 Policy charges (76,147) (68,800) (28,643) Surrenders and withdrawals (47,483) (47,644) (580,269) Benefit payments (25,418) (2,040) (207,302) Interest credited 89,508 36,902 155,783 Other 23,555 5,121 (86,558) Adjusted balance, December 31, 2021 1,412,058 647,586 6,161,300 Less reinsurance recoverable — — (1,458,076) Adjusted balance, December 31, 2021 net of reinsurance $ 1,412,058 647,586 4,703,224 The following table summarizes the restated Additional liability in excess of account balances as of December 31, 2021 and the changes in this balance subsequent to the January 1, 2021 transition date. The balance as of December 31, 2021 establishes the beginning balance for reporting the results for the nine months ended September 30, 2022. Domestic Universal Life International Universal Life Annuities excl. SPIAs WLC (In thousands) Adjusted balance, January 1, 2021 net of reinsurance $ 45,136 63,046 — Beginning balance before shadow reserve adjustments 45,136 63,046 11,192 Effect of changes in cash flow ("CF") assumptions 7,061 (14,524) — Effect of actual variances from expected experience — — 1,512 Adjusted beginning of year balance: 52,197 48,522 12,704 Issuances — — — Interest accrual 4,767 3,264 459 Assessments collected 14,775 8,304 749 Benefit payments (17,687) (10,565) (1,198) Derecognition (lapses and withdrawals) 45 (1,189) 4 Ending balance before shadow reserve adjustments 54,097 48,336 12,718 Effect of shadow reserve adjustments — — — Adjusted balance, December 31, 2021 54,097 48,336 12,718 Less: Reinsurance recoverable — — (12,718) Adjusted balance, December 31, 2021 net of reinsurance $ 54,097 48,336 — The following table summarizes the restated Liability for future policy benefits balance as of December 31, 2021 and the changes in this balance subsequent to the January 1, 2021 transition date. The balance as of December 31, 2021 establishes the beginning balance for reporting the results for the nine months ended September 30, 2022. Domestic Traditional Life International Traditional Life SPIAs With Life Contingencies ONL & Affiliates (In thousands) Adjusted balance, January 1, 2021 $ 102,407 95,402 238,127 866,852 Beginning balance at original discount rate 65,928 69,270 200,737 780,836 Effect of changes in CF assumptions — — (316) — Effect of actual variances from expected experience (525) (252) 5,724 114 Adjusted beginning of year balance: 65,403 69,018 206,145 780,950 Issuances — — 39,338 227 Interest accrual 4,058 4,391 7,076 23,801 Net premium collected 16 5,602 — 35,640 Benefit payments (6,538) (17,221) (22,173) (56,616) Derecognition (lapses and withdrawals) — — (6,840) — Other 597 2,608 358 (770) Ending balance at original discount rate 63,536 64,398 223,904 783,232 Effect of changes in discount rate 26,933 17,186 20,646 34,913 Adjusted balance, December 31, 2021 90,469 81,584 244,550 818,145 Less reinsurance recoverable (13,841) (578) (211,912) (31,476) Adjusted balance, December 31, 2021 net of reinsurance $ 76,628 81,006 32,638 786,669 The following table summarizes the net Market risk benefit liability balance as of December 31, 2021 and the changes in this net balance subsequent to the January 1, 2021 transition date. The net balance as of December 31, 2021 establishes the beginning net balance for reporting the results for the nine months ended September 30, 2022. (In thousands) Adjusted balance, January 1, 2021 $ 301,601 Balance, beginning of year, before effect of changes in instrument-specific credit risk: 301,601 Issuances 3,184 Interest accrual — Attributed fees collected 38,182 Benefit payments — Effect of changes in interest rates (36,112) Effect of changes in equity markets — Effect of changes in equity index volatility — Actual policyholder behavior different from expected behavior (7,022) Effect of changes in future expected policyholder behavior — Effect of changes in other future expected assumptions — Balance, end of year, before effect of changes in instrument-specific credit risk 299,833 Effect of changes in the instrument-specific credit risk — Adjusted balance, December 31, 2021 299,833 Less reinsurance recoverable, end of year (68,238) Adjusted balance, December 31, 2021 net of reinsurance $ 231,595 The following table summarizes restated Future policyholder obligations liability and the Market risk benefits liability balances in the Consolidated Balance Sheets as of December 31, 2021. Policyholder Account Balances Additional Liability for Benefits Liability for Future Policy Benefits Market Risk Benefits Liability (In thousands) Domestic traditional life $ — — 90,469 — Domestic universal life 1,412,058 54,097 — — International traditional life — — 81,584 — International universal life 647,586 48,336 — — SPIAs with life contingencies — — 244,550 — Annuities, excl. SPIAs with life contingencies 6,161,300 12,718 — 299,833 ONL & Affiliates — — 818,145 — Balances as of December 31, 2021 $ 8,220,944 115,151 1,234,748 299,833 Other Accounting Pronouncements In March 2022, the FASB released ASU 2022-02 Financial Instruments – Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures. The amendments in this Update eliminate the accounting guidance for troubled-debt restructurings by creditors in Subtopic 310-40, Receivables - Troubled Debt Restructurings by Creditors, but enhances disclosure requirements for certain loan modifications in which the debtor is experiencing financial difficulties. Additionally, the amendments in this Update require public business entities to disclose current-period gross write offs by year of origination for financing receivables and net investment in leases within the scope of Subtopic 326-20, Financial Instruments - Credit Losses - Measured at Amortized Cost. The updates are required to be applied prospectively beginning in fiscal years after December 15, 2022, including interim periods within those fiscal years. The Company elected to adopt the requirements of this update in its Consolidated Financial Statements for the year ended December 31, 2022. The adoption of this ASU did not have a material impact on the results of operations or financial position of the Company. Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the SEC did not, or are not believed by management to, have a material impact on the Company’s present or future Consolidated Financial Statements.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
Stockholders' Equity	Sep. 30, 2023
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS' EQUITYPrior to his death on November 7, 2023, Robert L. Moody, Sr., the Chairman Emeritus of the Company, was the controlling stockholder of the Company because he controlled, through the Moody Revocable Trust, 99.0% of the total outstanding shares of the Company's Class B Common Stock as of September 30, 2023. Under the terms of the Moody Revocable Trust, the shares of Class B Common Stock held by the Moody Revocable Trust pass to Three R Trust, a trust created by Robert L. Moody Sr. for the benefit of his children and their lineal descendants. The trustee of the Moody Revocable Trust, however, is authorized to retain trust properties, including the shares of Class B Common Stock, for as long as is necessary to administer the trust and Robert L. Moody Sr.'s estate, including the payment of debts, expenses and taxes. Therefore, upon Robert L. Moody, Sr.'s death, Three R Trust acquired beneficial ownership of the shares of Class B Common Stock held by the Moody Revocable Trust. However, legal title will remain with the Moody Revocable Trust for the foreseeable future. Therefore, until the transfer of legal title to Three R Trust, Moody National Bank (as trustee of the Moody Revocable Trust) retains the voting power with respect to those shares of Class B Common Stock. Holders of the Company's Class A Common Stock elect one-third of the Board of Directors of the Company, and holders of the Class B Common Stock elect the remainder. Any cash or in-kind dividends paid on each share of Class B Common Stock are limited to one-half of the cash or in-kind dividends paid on each share of Class A Common Stock. In the event of liquidation of the Company by dissolution, the holders of Class A Common Stock will receive the par value of their shares; then the holders of Class B Common Stock will receive the par value of their shares; and the remaining net assets of the Company shall be divided between the stockholders of both Class A Common Stock and Class B Common Stock based upon the number of shares held. As the sole owner of National Western, all dividends declared by National Western are payable entirely to NWLGI and are eliminated in consolidation. National Western is restricted by state insurance laws as to dividend amounts which may be paid to stockholders without prior approval from the Colorado Division of Insurance. The restrictions are based on the lesser of statutory earnings from operations, excluding capital gains, or 10% of statutory surplus of National Western as of the previous year-end. Under these guidelines, the maximum dividend payment which may be made without prior approval in 2023 is $66.5 million. National Western did not declare or pay cash dividends to NWLGI during the nine months ended September 30, 2023. Dividends in the amount of $2.0 million were paid to NWLGI in the nine months ended September 30, 2022. Ozark National is similarly restricted under the state insurance laws of Missouri as to dividend amounts which may be paid to stockholders without prior approval to the greater of 10.0% of the statutory surplus of the company from the preceding year-end or the company's net gain from operations, excluding capital gains, from the prior calendar year. Based upon this restriction, the maximum dividend payment which may be made in 2023 without prior approval is $21.6 million. All dividends declared by Ozark National are payable entirely to NWLIC as the sole owner and are eliminated in consolidation. Ozark National did not declare or pay cash dividends to NWLIC during the nine months ended September 30, 2023 and 2022. NIS is restricted under FINRA rules as to the maximum dividend amounts that can be paid out to stockholders. Maximum allowable dividend amounts are determined based on calculations which require that certain net capital thresholds be maintained after dividends are paid out. Under these guidelines, the maximum dividend payment amount at December 31, 2022 was $13.6 million. During the nine months ended September 30, 2023, NIS declared and paid a $12.0 million dividend to NWLGI as its sole stock owner. No dividends were declared or paid in the nine months ended September 30, 2022. All dividends declared and paid by NIS are eliminated in consolidation. The Company entered into an agreement and plan of merger on October 8, 2023 with S. USA Life Insurance Company Inc. and PGH Merger Inc. At the effective time of the merger, each issued and outstanding share of Class A Common Stock and Class B Common Stock will be converted into the right to receive $500.00 per share in cash, without interest.

Earnings Per Share

Earnings Per Share	9 Months Ended
Earnings Per Share	Sep. 30, 2023
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Basic earnings per share of common stock are computed by dividing net earnings available to each class of common stockholders on an as if distributed basis by the weighted-average number of common shares outstanding for the period. Diluted earnings per share, by definition, reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock, that then shared in the distributed earnings of each class of common stock. U.S. GAAP requires a two-class presentation for the Company's two classes of common stock. The Company currently has no share-based compensation awards outstanding that could be redeemed for shares of common stock. As previously described in Note (1) Consolidation and Basis of Presentation and Note (2) New Accounting Pronouncements , the results for the three and nine months ended September 30, 2022 have been restated for the adoption of Accounting Standards Update 2018-12 Financial Services-Insurance (Topic 944) - Targeted Improvements to the Accounting for Long-Duration Contracts. Accordingly, the earnings per share information presented in the following table for the three and nine months ended September 30, 2022 has been updated and differs from that previously reported. Net earnings for the periods shown below are allocated between Class A shares and Class B shares based upon (1) the proportionate number of shares issued and outstanding as of the end of the period, and (2) the per share dividend rights of the two classes under the Company's Restated Certificate of Incorporation (the Class B dividend per share is equal to one-half the Class A dividend per share). Three Months Ended September 30, 2023 2022 Class A Class B Class A Class B (In thousands except per share amounts) Numerator for Basic and Diluted Earnings Per Share: Net earnings $ 64,725 35,188 Dividends - Class A shares — — Dividends - Class B shares — — Undistributed earnings $ 64,725 35,188 Allocation of net earnings: Dividends $ — — — — Allocation of undistributed earnings 62,895 1,830 34,193 995 Net earnings $ 62,895 1,830 34,193 995 Denominator: Basic earnings per share - weighted-average shares 3,436 200 3,436 200 Effect of dilutive stock options — — — — Diluted earnings per share - adjusted weighted-average shares for assumed conversions 3,436 200 3,436 200 Basic earnings per share $ 18.30 9.15 9.95 4.98 Diluted earnings per share $ 18.30 9.15 9.95 4.98 Nine Months Ended September 30, 2023 2022 Class A Class B Class A Class B (In thousands except per share amounts) Numerator for Basic and Diluted Earnings Per Share: Net earnings $ 106,663 229,277 Dividends - Class A shares — — Dividends - Class B shares — — Undistributed earnings $ 106,663 229,277 Allocation of net earnings: Dividends $ — — — — Allocation of undistributed earnings 103,647 3,016 222,793 6,484 Net earnings $ 103,647 3,016 222,793 6,484 Denominator: Basic earnings per share - weighted-average shares 3,436 200 3,436 200 Effect of dilutive stock options — — — — Diluted earnings per share - adjusted weighted-average shares for assumed conversions 3,436 200 3,436 200 Basic earnings per share $ 30.17 15.08 64.84 32.42 Diluted earnings per share $ 30.17 15.08 64.84 32.42

Deferred Transaction Costs

Deferred Transaction Costs	9 Months Ended
Deferred Transaction Costs	Sep. 30, 2023
Deferred Charges, Insurers [Abstract]
DEFERRED TRANSACTION COSTS	DEFERRED TRANSACTION COSTS Deferred transaction costs include deferred policy acquisition costs ("DPAC"), deferred sales inducements ("DSI"), value of business acquired ("VOBA"), and cost of reinsurance ("COR"). Deferred policy acquisition costs ("DPAC") include certain costs of successfully acquiring new insurance business, including commissions and other expenses related directly to the production of new business (indirect or unsuccessful acquisition costs, maintenance, product development and overhead expenses are charged to expenses as incurred). Also included are premium bonuses and bonus interest credited to contracts during the first contract year only which are recorded as deferred sales inducements ("DSI"). Prior to the adoption of LDTI, DPAC and DSI balances were amortized in relation to the present value of expected gross profits for interest sensitive universal life and annuity products, and over the premium paying period for nonparticipating traditional life products proportional to the ratio of annual premium revenues to total anticipated premium revenues. Under LDTI guidance, deferred policy acquisition costs and deferred sales inducements are amortized on a constant level cohort basis over the expected term of the contracts approximating a straight-line amortization on an individual contract basis. Contracts are grouped consistent with the groupings used to estimate the liability for future policy benefits. The constant-level basis for amortizing DAC is generally in proportion to the initial face amount of life insurance in force for life insurance policies, in proportion to deposits for deferred annuity contracts, and in proportion to annual benefit payments for annuity contracts in payout mode. The Company is required to write off deferred policy acquisition costs and unearned revenue liabilities upon internal replacement of certain contracts as well as annuitizations of deferred annuities. All insurance and investment contract modifications and replacements are reviewed to determine if the internal replacement results in a substantially changed contract. If so, the acquisition costs, sales inducements and unearned revenue associated with the new contract are deferred and amortized over the lifetime of the new contract. In addition, the existing deferred policy acquisition costs, sales inducement costs and unearned revenue balances associated with the replaced contract are written off. If an internal replacement results in a substantially unchanged contract, the acquisition costs, sales inducements and unearned revenue associated with the new contract are immediately recognized in the period incurred. In addition, the existing deferred policy acquisition costs, sales inducement costs or unearned revenue balance associated with the replaced contract are not written off, but instead are carried over to the new contract . Current period amortization of DPAC and DSI is impacted by changes in actual insurance in force during the period as well as changes in future assumptions as of the end of each reporting period, where applicable. Assumptions used for DPAC are consistent with those used in estimating the liability for future policy benefits (or any other related balance) for the corresponding contracts. Determining the level of aggregation and actuarial assumptions used in projecting in force terminations requires judgment. The value of insurance in force business acquired ("VOBA") is a purchase accounting convention for life insurance companies in business combinations based upon an actuarial determination of the difference between the fair value of policy liabilities acquired and the same policyholder liabilities measured in accordance with the acquiring company's accounting policies. The difference, referred to as VOBA, is an intangible asset subject to periodic amortization. It represents the portion of the purchase price allocated to the value of the rights to receive future cash flows from the business in force at the acquisition date. The Company performs recoverability testing of VOBA consistent with the recoverability analysis performed for DPAC and DSI balances. Under LDTI guidance, VOBA is amortized on the same basis used for DPAC and DSI balances. The Cost of Reinsurance ("COR") asset represents the amount of assets transferred at the closing date of a funds withheld agreement (debt securities, policy loans, and cash) in excess of the GAAP liability ceded plus a $48.0 million ceding commission paid to the reinsurer. The original COR balance of $102.8 million is amortized commensurate with the runoff of the ceded block of funds withheld business and the amortization expense is reported in the Condensed Consolidated Statements of Earnings. Deferred Policy Acquisition Costs - A summary of information related to DPAC is provided in the following table. Nine Months Ended September 30, 2023 Domestic Traditional Life Domestic Universal Life International Traditional Life International Universal Life Annuities excl. SPIAs WLC ONL & Affiliates (In thousands) Balance, beginning of period $ 3,159 176,034 11,151 152,287 306,489 14,762 Capitalization additions 11 11,646 — 394 5,458 3,172 Amortization (213) (9,470) (1,046) (11,176) (26,241) (644) Experience adjustment 3 (102) 22 (25) 161 5 Balance, end of period $ 2,960 178,108 10,127 141,480 285,867 17,295 Nine Months Ended September 30, 2022 Domestic Traditional Life Domestic Universal Life International Traditional Life International Universal Life Annuities excl. SPIAs WLC ONL & Affiliates (In thousands) Balance, beginning of period $ 3,448 167,748 12,415 167,556 341,897 11,289 Capitalization additions 14 19,884 — 113 15,010 3,198 Amortization (232) (11,924) (956) (11,648) (24,591) (552) In force ceded — — — — (19,622) — Experience adjustment — 29 — (6) 42 — Balance, end of period $ 3,230 175,737 11,459 156,015 312,736 13,935 The following table summarizes DPAC balances by product line as of the end of the following periods. September 30, 2023 2022 (In thousands) Domestic traditional life $ 2,960 3,230 Domestic universal life 178,108 175,737 International traditional life 10,127 11,459 International universal life 141,480 156,015 Annuities, excl. SPIAs with life contingencies 285,867 312,736 ONL & Affiliates 17,295 13,935 Total $ 635,837 673,112 Deferred Sales Inducements - A summary of information related to DSI is provided in the following tables. Nine Months Ended September 30, 2023 Domestic Traditional Life Domestic Universal Life International Traditional Life International Universal Life Annuities excl. SPIAs WLC ONL & Affiliates (In thousands) Balance, beginning of period $ — — — — 85,303 — Capitalization additions — — — — (4,199) — Amortization — — — — (6,212) — Experience adjustment — — — — 36 — Balance, end of period $ — — — — 74,928 — Nine Months Ended September 30, 2022 Domestic Traditional Life Domestic Universal Life International Traditional Life International Universal Life Annuities excl. SPIAs WLC ONL & Affiliates (In thousands) Balance, beginning of period $ — — — — 102,976 — Capitalization additions — — — — 4,901 — Amortization — — — — (8,091) — In force ceded — — — — (11,219) — Experience adjustment — — — — 31 — Balance, end of period $ — — — — 88,598 — The following table summarizes DSI balances by product line as of the end of the following periods. September 30, 2023 2022 (In thousands) Domestic traditional life $ — — Domestic universal life — — International traditional life — — International universal life — — SPIAs with life contingencies — — Annuities, excluding SPIAs with life contingencies 74,928 88,598 ONL & Affiliates — — Total $ 74,928 88,598 Value of Business Acquired - A summary of information related to VOBA is provided in the following table. September 30, 2023 2022 (In thousands) Balance, beginning of period $ 138,495 149,408 Amortization (6,523) (9,518) Experience adjustment 32 — Balance as of end of period $ 132,004 139,890 Estimated future amortization of VOBA, net of interest, is as follows as of September 30, 2023: (In thousands) Remainder of 2023 $ 2,101 2024 8,141 2025 7,734 2026 7,326 2027 6,942 Cost of Reinsurance - A summary of information related to COR is provided in the following table. Nine Months Ended September 30, 2023 2022 SPIAs WLC Annuities excl. SPIAs WLC SPIAs WLC Annuities excl. SPIAs WLC (In thousands) Balance, beginning of period $ 11,897 66,431 12,591 77,095 Additions — — — — Amortization (604) (7,779) (503) (7,689) Experience Adjustment — — — — Balance as of end of period $ 11,293 58,652 12,088 69,406 The following table summarizes the COR balance by product line as of the end of the following periods. September 30, 2023 2022 (In thousands) SPIAs with life contingencies $ 11,293 12,088 Annuities, excl. SPIAs with life contingencies 58,652 69,406 Total $ 69,945 81,494

Policyholder Obligations

Policyholder Obligations	9 Months Ended
Policyholder Obligations	Sep. 30, 2023
Insurance [Abstract]
POLICYHOLDER OBLIGATIONS	POLICYHOLDER OBLIGATIONSFor universal life and annuity contracts, the liability for future policy benefits represents the account balance. Fixed-index products combine features associated with traditional fixed annuities and universal life contracts, with the option to have interest rates linked in part to an equity index. In accordance with GAAP guidance, the equity return component of such policy contracts must be identified separately and accounted for as embedded derivatives. The remaining portions of these policy contracts are considered the host contracts and are recorded separately as fixed annuity or universal life contracts. The host contracts are accounted for under GAAP guidance provisions that require debt instrument type accounting. The host contracts are recorded as discounted debt instruments that are accreted, using the effective yield method, to their minimum account values at their projected maturities or termination dates. A liability for future policy benefits, which is the present value of estimated future policy benefits to be paid to or on behalf of policyholders and certain related expenses less the present value of estimated future net premiums to be collected from policyholders, is accrued as premium revenue is recognized. Under GAAP, the liability for future policy benefits on traditional life products has been calculated using assumptions as to future mortality and withdrawals based on Company experience. Contracts are grouped into cohorts by product features and issue year. The liability is adjusted for differences between actual and expected experience. With the exception of the expense assumption, the Company reviews its historical and future cash flow assumptions quarterly and updates the net premium ratio used to calculate the liability each time the assumptions are changed. Each quarter, the Company updates its estimate of cash flows expected over the entire life of a group of contracts using actual historical experience and current future cash flow assumptions. These updated cash flows are used to calculate the revised net premiums and net premium ratio, which are used to derive an updated liability for future policy benefits as of the beginning of the current reporting period, discounted at the original contract issuance discount rate. This amount is then compared to the carrying amount of the liability as of that same date, before the updating of cash flow assumptions, to determine the current period change in liability estimate. This current period change in the liability is the liability remeasurement gain or loss and is presented as a separate component of benefit expense in the Condensed Consolidated Statements of Earnings. In subsequent periods, the revised net premiums are used to measure the liability for future policy benefits, subject to future revisions. The discount rate assumption is an equivalent single rate that is derived based on A-credit-rated fixed-income instruments with similar duration to the liability. The Company selects fixed-income instruments that have been A-rated by one of the major credit rating agencies, such as Moody's, Standard & Poor's, or Fitch. The discount rate assumption is updated quarterly and used to remeasure the liability at the reporting date, with the resulting change reflected in other comprehensive income. For liability cash flows that are projected beyond the duration of market-observable A-credit-rated fixed-income instruments, the Company uses the last market-observable yield level, and uses linear interpolation to determine yield assumptions for durations that do not have market-observable yields. The embedded derivatives are recorded at fair value. The fair value of the embedded derivative component of policy benefit reserves is estimated at each valuation date by (a) projecting policy and contract values and minimum guaranteed values over the expected lives of the policies and contracts and (b) discounting the excess of the projected value amounts at the applicable risk free interest rates adjusted for nonperformance risk related to those liabilities. The projections of policy and contract values are based upon best estimate assumptions for future policy growth and future policy decrements. Best estimate assumptions for future policy growth includes assumptions for the expected index credit on the next policy anniversary date which are derived from the fair values of the underlying call options purchased to fund such index credits and the expected costs of annual cost options purchased in the future to fund index credits beyond the next policy anniversary. The projections of minimum guaranteed contract values include the same best estimate assumptions for policy decrements as were used to project policy contract values. Other policy claims and benefits - Unearned revenue reserves are maintained that reflect the unamortized balance of charges assessed to interest sensitive contract holders which serve as compensation for services to be performed over future periods (policy premium loads). These charges have been deferred and are being recognized in income over the period benefited using the same assumptions and factors used to amortize deferred acquisition costs. In both 2022 and 2023, the Company updated the net premium ratio for actual historical experience each quarter. Future cash flow assumptions are reviewed each quarter and are updated in the third quarter. Liability for Policyholder Account Balances - The Company recognizes a liability for policyholder account balances, which includes universal life products and annuities other than single premium immediate annuities with life contingencies. The following tables summarize balances and changes in the Liability for policyholder account balances. Nine Months Ended September 30, 2023 Domestic Universal Life International Universal Life Annuities excl. SPIAs WLC (In thousands) Balance, beginning of period $ 1,409,471 575,096 5,677,218 Premiums received 85,794 27,508 85,174 Policy charges (49,789) (56,523) (22,595) Surrenders and withdrawals (50,399) (37,170) (446,357) Benefit payments (21,739) (1,984) (141,361) Interest credited 20,509 7,004 41,292 Change in embedded derivative 26,014 4,203 (36,488) Other 2,218 (614) (18,877) Balance, end of period 1,422,079 517,520 5,138,006 Less reinsurance recoverable — — (1,135,906) Ending balance, net of reinsurance $ 1,422,079 517,520 4,002,100 Weighted-average crediting rate 2.14 % 1.62 % 0.94 % Net amount at risk $ 1,614 6,443 1,208,274 Cash surrender value $ 1,209,991 485,660 4,883,247 Nine Months Ended September 30, 2022 Domestic Universal Life International Universal Life Annuities excl. SPIAs WLC (In thousands) Balance, beginning of period $ 1,412,058 647,586 6,161,300 Issuances — — — Premiums received 120,956 31,738 196,463 Policy charges (53,411) (52,904) (22,259) Surrenders and withdrawals (41,785) (32,791) (369,437) Benefit payments (16,428) (1,550) (148,832) Interest credited 37,863 13,772 57,969 Change in embedded derivative (54,767) (14,161) (4,515) Other 371 1,476 (15,216) Balance, end of period 1,404,857 593,166 5,855,473 Less reinsurance recoverable — — (1,290,600) Ending balance, net of reinsurance $ 1,404,857 593,166 4,564,873 Weighted-average crediting rate 4.13 % 2.97 % 1.24 % Net amount at risk $ 1,638 7,318 1,111,573 Cash surrender value $ 1,228,130 555,903 5,473,356 The following table summarizes the Liability for policyholder account balances by line of business as of the end of the following periods. September 30, 2023 2022 (In thousands) Domestic universal life $ 1,422,079 1,404,857 International universal life 517,520 593,166 Annuities excl. SPIAs with life contingencies 5,138,006 5,855,473 Unearned revenue reserve 1,286 5,885 Total $ 7,078,891 7,859,381 The following table presents the account values by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between rates being credited to policyholders and the respective guaranteed minimums. September 30, 2023 At Guaranteed Minimum 1-50 Basis Points Above 51-150 Basis Points Above Greater Than 150 Basis Points Above Total (In thousands) Range of guaranteed minimum crediting rate: Less than 2.00% $ 1,810,654 1,901 17,311 116,475 1,946,341 2.00% - 2.99% 522,451 7,940 88,704 48,025 667,120 3.00% - 3.99% 423,674 37,995 2,691 27 464,387 4.00% and greater 385,534 — — 37 385,571 Total $ 3,142,313 47,836 108,706 164,564 3,463,419 September 30, 2022 At Guaranteed Minimum 1-50 Basis Points Above 51-150 Basis Points Above Greater Than 150 Basis Points Above Total (In thousands) Range of guaranteed minimum crediting rate: Less than 2.00% $ 2,044,059 2,104 90,636 124,486 2,261,285 2.00% - 2.99% 509,776 7,997 104,561 — 622,334 3.00% - 3.99% 505,906 44,369 2,868 26 553,169 4.00% and greater 410,007 — — 35 410,042 Total $ 3,469,748 54,470 198,065 124,547 3,846,830 Additional Liability for Benefits in Excess of Account Balances And Liability for Future Policy Benefits - The following table provides the balances and changes in insurance liabilities related to universal life and annuities that are in addition to the account balance, including annuitization benefits and death or other insurance benefits. Nine Months Ended September 30, 2023 Domestic Universal Life International Universal Life Annuities (In thousands) Balance, beginning of period $ 63,804 46,402 38,502 Beginning balance before shadow reserve adjustments 63,804 46,402 38,502 Effect of changes in cash flow assumptions 1,870 6,055 (1,759) Effect of actual variances from expected experience 5,898 (736) 625 Adjusted beginning of period balance 71,572 51,721 37,368 Issuances — — — Interest accrual 950 340 1,093 Assessments collected 15,875 7,546 (98) Benefit payments (18,318) (7,610) (1,343) Derecognition (lapses and withdrawals) — — — Other (39) (1,002) (15) Ending balance before shadow reserve adjustments 70,040 50,995 37,005 Effect of shadow reserve adjustments — — — Balance, end of period 70,040 50,995 37,005 Less reinsurance recoverable, end of period — — (37,005) Net additional liability, after reinsurance recoverable $ 70,040 50,995 — Nine Months Ended September 30, 2022 Domestic Universal Life International Universal Life Annuities (In thousands) Balance, beginning of period $ 54,097 48,336 12,718 Beginning balance before shadow reserve adjustments 54,097 48,336 12,718 Effect of changes in cash flow assumptions 3,844 (18) 24,599 Effect of actual variances from expected experience 5,493 7,118 1,843 Adjusted beginning of period balance 63,434 55,436 39,160 Issuances — — — Interest accrual 1,993 1,154 589 Assessments collected 13,436 6,011 (69) Benefit payments (16,031) (15,768) (1,146) Derecognition (lapses and withdrawals) — — — Other (30) 524 (9) Ending balance before shadow reserve adjustments 62,802 47,357 38,525 Effect of shadow reserve adjustments — — — Balance, end of period 62,802 47,357 38,525 Less reinsurance recoverable, end of period — — (38,525) Net additional liability, after reinsurance recoverable $ 62,802 47,357 — The following table summarizes the Additional liability for benefits in excess of account balance by line of business as of the end of the following periods. September 30, 2023 2022 (In thousands) Domestic universal life $ 70,040 62,802 International universal life 50,995 47,357 Annuities 37,005 38,525 Total $ 158,040 148,684 The following table provides the amount of gross assessments and interest expense related to annuitization and death or other insurance benefits recognized in the Condensed Consolidated Statements of Earnings related to additional insurance liabilities. Gross Assessments Interest Expenses Nine Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Domestic universal life $ 45,525 39,029 950 1,993 International universal life 30,401 25,005 340 1,154 Annuities (127) (2,952) 1,093 589 Total $ 75,799 61,082 2,383 3,736 The following tables summarize balances and changes in the Liability for future policy benefits balance for traditional life contracts and single premium immediate annuities with life contingencies. Nine Months Ended September 30, 2023 Domestic Traditional Life International Traditional Life SPIAs With Life Contingency ONL & Affiliates (In thousands) Present value of expected net premiums Balance, beginning of period $ 260 33,998 — 402,744 Beginning balance at original discount rate 660 35,906 — 494,961 Effect of changes in cash flow assumptions (325) 4,019 — 6,353 Effect of actual variances from expected experience 133 (1,139) — (3,726) Adjusted beginning of period balance 468 38,786 — 497,588 Issuances — — — 7,497 Interest accrual (19) 1,121 — 11,972 Net premium collected (132) (3,386) — (29,052) Ending balance at original discount rate 317 36,521 — 488,005 Effect of changes in discount rate assumptions (488) (3,364) — (109,489) Balance, end of period $ (171) 33,157 — 378,516 Present value of expected future policy benefits Balance, beginning of period $ 70,165 99,167 191,817 975,999 Beginning balance at original discount rate 62,839 100,976 215,637 1,293,523 Effect of changes in cash flow assumptions (824) 4,433 — 6,876 Effect of actual variances from expected experience (132) (3,872) 3,083 (3,273) Adjusted beginning of period balance 61,883 101,537 218,720 1,297,126 Issuances — — 9,005 7,340 Interest accrual 2,851 4,104 5,305 30,313 Benefit payments (3,825) (4,740) (16,752) (42,932) Derecognition (lapses and withdrawals) — — (5,032) — Other 114 (1,250) (322) (1,694) Ending balance at original discount rate 61,023 99,651 210,924 1,290,153 Effect of changes in discount rate assumptions 4,590 (5,637) (28,456) (377,110) Balance, end of period 65,613 94,014 182,468 913,043 Net liability for future policy benefits 65,784 60,857 182,468 534,527 Less reinsurance recoverable (12,665) (532) (152,949) (24,395) Net liability for future policy benefits, after reinsurance $ 53,119 60,325 29,519 510,132 Nine Months Ended September 30, 2022 Domestic Traditional Life International Traditional Life SPIAs With Life Contingencies ONL & Affiliates (In thousands) Present value of expected net premiums Balance, beginning of period $ 395 50,123 — 340,287 Beginning balance at original discount rate 706 40,670 — 330,854 Effect of changes in cash flow assumptions — — — 169,179 Effect of actual variances from expected experience 109 (258) — 10,761 Adjusted beginning of period 815 40,412 — 510,794 Issuances — — — 6,217 Interest accrual 1 1,266 — 8,013 Net premium collected (62) (3,605) — (24,214) Ending balance at original discount rate 754 38,073 — 500,810 Effect of changes in discount rate assumptions (389) (2,697) — (57,403) Balance, end of period $ 365 35,376 — 443,407 Present value of expected future policy benefits Balance, beginning of period $ 90,864 131,707 244,551 1,158,431 Beginning balance at original discount rate 64,242 105,103 223,904 1,114,085 Effect of changes in cash flow assumptions — — 172 175,122 Effect of actual variances from expected experience (142) (2,098) 3,032 11,758 Adjusted beginning of year balance 64,100 103,005 227,108 1,300,965 Issuances — — 9,554 5,918 Interest accrual 2,946 4,321 5,440 25,989 Benefit payments (3,661) (3,658) (17,667) (44,116) Derecognition (lapses and withdrawals) — — (4,927) — Other 137 (349) — (95) Ending balance at original discount rate 63,522 103,319 219,508 1,288,661 Effect of changes in discount rate assumptions 6,238 (3,645) (27,724) (248,479) Balance, end of period 69,760 99,674 191,784 1,040,182 Net liability for future policy benefits 69,395 64,298 191,784 596,775 Less reinsurance recoverable (12,431) (553) (161,944) (26,239) Net liability for future policy benefits, after reinsurance $ 56,964 63,745 29,840 570,536 The following table summarizes the net Liability for future policy benefits by product line as of the end of the following periods. September 30, 2023 2022 (In thousands) Domestic traditional life $ 65,784 69,395 International traditional life 60,857 64,298 SPIAs with life contingencies 182,468 191,784 ONL & Affiliates 534,527 596,775 Total $ 843,636 922,252 The following tables summarize the amount of revenue and interest related to traditional life contracts and single premium immediate annuities with life contingencies recognized in the Condensed Consolidated Statements of Earnings. Gross Premiums or Assessments Interest Expense Nine Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Domestic traditional life $ 2,295 2,476 2,870 2,945 International traditional life 9,110 10,061 2,983 3,055 SPIAs with life contingencies 1,151 5,683 5,305 5,440 ONL & Affiliates 56,797 57,711 18,341 17,976 Total $ 69,353 75,931 29,499 29,416 The following table provides the amount of undiscounted expected gross premiums and expected future benefits and expenses for traditional life contracts and single premium immediate annuities with life contingencies. September 30, 2023 2022 Expected Future Gross Premiums Expected Future Benefit Payments Expected Future Gross Premiums Expected Future Benefit Payments (In thousands) Domestic traditional life $ 32,013 103,177 33,319 108,001 International traditional life 162,304 221,506 163,976 225,183 SPIAs with life contingencies — 281,949 — 291,505 ONL & Affiliates 1,411,244 2,272,002 953,990 1,704,224 Total $ 1,605,561 2,878,634 1,151,285 2,328,913 The following tables summarize the annualized actual experience and expected experience for mortality and lapses of the Liability for future policy benefits and the Additional liability for benefits in excess of account balance. 2023 2022 Actual Experience Expected Experience Actual Experience Expected Experience Mortality: Domestic traditional life 1.84% 2.12% 1.32% 1.89% International traditional life 0.18% 0.41% 0.24% 0.37% Domestic universal life 1.68% 1.91% 1.11% 1.69% International universal life 0.27% 0.25% 0.27% 0.24% SPIAs with life contingencies 11.62% 12.14% 8.44% 8.74% Annuities excl. SPIAs with life contingencies 2.86% 2.61% 2.73% 2.67% ONL & Affiliates 1.05% 0.86% 0.94% 0.82% 2023 2022 Actual Experience Expected Experience Actual Experience Expected Experience Lapses: Domestic traditional life 4.36% 6.02% 6.91% 6.51% International traditional life 8.35% 7.75% 8.03% 7.92% Domestic universal life 5.68% 3.40% 4.74% 4.69% International universal life 11.94% 6.92% 8.39% 7.16% SPIAs with life contingencies N/A N/A N/A N/A Annuities excl. SPIAs with life contingencies 6.20% 4.27% 4.05% 4.24% ONL & Affiliates 4.24% 4.75% 3.90% 7.96% The following table provides the weighted-average durations in years of the Liability for future policy benefits and the Additional liability for benefits in excess of account balance. September 30, 2023 2022 Domestic traditional life 8.00 8.00 Domestic universal life 8.10 8.10 International traditional life 8.00 8.00 International universal life 8.10 8.10 SPIAs with life contingencies 8.00 8.00 Annuities excl. SPIAs with life contingencies 6.60 6.60 ONL & Affiliates 22.00 22.00 The following table provides the weighted-average interest rates for the Liability for future policy benefits and the Additional liability for benefits in excess of account balance. Interest Accretion Rate Current Discount Rate September 30, September 30, 2023 2022 2023 2022 Domestic traditional life 6.73% 6.80% 5.60% 5.30% Domestic universal life 4.56% 0.98% 4.56% 0.98% International traditional life 5.16% 5.24% 5.60% 5.30% International universal life 1.93% 1.53% 1.93% 1.53% SPIAs with life contingencies 3.48% 3.36% 5.60% 5.30% Annuities excl. SPIAs with life contingencies 1.02% 0.93% 1.02% 0.93% ONL & Affiliates 3.25% 3.25% 6.15% 5.85% The Company realized actual-expected experience variances but made no changes to assumptions for the periods shown other than the interest rates employed for purposes of calculating discounted values. The following tables present the balances of and changes in market risk benefits associated with guaranteed minimum withdrawal benefits, guaranteed annuitization benefits, and guaranteed minimum death benefits. Nine Months Ended September 30, 2023 Guaranteed Minimum Withdrawal Benefits Guaranteed Annuitization Benefits Guaranteed Minimum Death Benefits (In thousands) Balance, beginning of period $ 97,552 69,466 — Balance, beginning of period, before effect of changes in instrument-specific credit risk 97,552 69,466 — Issuances 64 — — Interest accrual — — — Attributed fees collected 37,572 — — Benefit payments — — — Effect of changes in interest rates (25,485) (5,426) — Effect of changes in equity markets — — — Effect of changes in equity index volatility — — — Actual policyholder behavior different from expected behavior (1,304) — — Effect of changes in future expected policyholder behavior (173) — — Effect of changes in other future expected assumptions — — — Balance, end of period, before effect of changes in instrument-specific credit risk 108,226 64,040 — Effect of changes in the instrument-specific credit risk — — — Balance, end of period 108,226 64,040 — Less reinsurance recoverable, end of period (2,874) (64,373) — Balance, end of period, net of reinsurance $ 105,352 (333) — Net amount at risk $ 1,082,774 125,500 — Weighted-average attained age of contract holders 69.6 67.8 0.0 Nine Months Ended September 30, 2022 Guaranteed Minimum Withdrawal Benefits Guaranteed Annuitization Benefits Guaranteed Minimum Death Benefits (In thousands) Balance, beginning of period $ 231,859 67,974 — Balance, beginning of period, before effect of changes in instrument-specific credit risk 231,859 67,974 — Issuances 420 — — Interest accrual — — — Attributed fees collected 37,587 — — Benefit payments — — — Effect of changes in interest rates (184,636) 1,292 — Effect of changes in equity markets — — — Effect of changes in equity index volatility — — — Actual policyholder behavior different from expected behavior (3,746) — — Effect of changes in future expected policyholder behavior — — — Effect of changes in other future expected assumptions — — — Balance, end of period, before effect of changes in instrument-specific credit risk 81,484 69,266 — Effect of changes in the instrument-specific credit risk — — — Balance, end of period 81,484 69,266 — Less reinsurance recoverable, end of period 2,865 (69,650) — Balance, end of period, net of reinsurance $ 84,349 (384) — Net amount at risk $ 982,619 128,954 — Weighted-average attained age of contract holders 68.9 67.0 0.0 The following table summarizes Market risk benefits liability balances separately by amounts in an asset position and amounts in a liability position to the Market risk benefits liability amounts as of the end of the following periods. September 30, 2023 September 30, 2022 Asset Liability Net liability Asset Liability Net liability (In thousands) Guaranteed minimum withdrawal benefit $ 48,240 156,466 108,226 51,881 133,365 81,484 Guaranteed annuitization benefits — 64,040 64,040 — 69,266 69,266 Balance, end of period $ 48,240 220,506 172,266 51,881 202,631 150,750 For the periods shown, there were no notable changes made to the inputs to the fair value estimates of market risk benefit calculations other than the interest rates employed for purposes of calculating fair value.

Market Risk Benefits

Market Risk Benefits	9 Months Ended
Market Risk Benefits	Sep. 30, 2023
Insurance [Abstract]
MARKET RISK BENEFITS	POLICYHOLDER OBLIGATIONSFor universal life and annuity contracts, the liability for future policy benefits represents the account balance. Fixed-index products combine features associated with traditional fixed annuities and universal life contracts, with the option to have interest rates linked in part to an equity index. In accordance with GAAP guidance, the equity return component of such policy contracts must be identified separately and accounted for as embedded derivatives. The remaining portions of these policy contracts are considered the host contracts and are recorded separately as fixed annuity or universal life contracts. The host contracts are accounted for under GAAP guidance provisions that require debt instrument type accounting. The host contracts are recorded as discounted debt instruments that are accreted, using the effective yield method, to their minimum account values at their projected maturities or termination dates. A liability for future policy benefits, which is the present value of estimated future policy benefits to be paid to or on behalf of policyholders and certain related expenses less the present value of estimated future net premiums to be collected from policyholders, is accrued as premium revenue is recognized. Under GAAP, the liability for future policy benefits on traditional life products has been calculated using assumptions as to future mortality and withdrawals based on Company experience. Contracts are grouped into cohorts by product features and issue year. The liability is adjusted for differences between actual and expected experience. With the exception of the expense assumption, the Company reviews its historical and future cash flow assumptions quarterly and updates the net premium ratio used to calculate the liability each time the assumptions are changed. Each quarter, the Company updates its estimate of cash flows expected over the entire life of a group of contracts using actual historical experience and current future cash flow assumptions. These updated cash flows are used to calculate the revised net premiums and net premium ratio, which are used to derive an updated liability for future policy benefits as of the beginning of the current reporting period, discounted at the original contract issuance discount rate. This amount is then compared to the carrying amount of the liability as of that same date, before the updating of cash flow assumptions, to determine the current period change in liability estimate. This current period change in the liability is the liability remeasurement gain or loss and is presented as a separate component of benefit expense in the Condensed Consolidated Statements of Earnings. In subsequent periods, the revised net premiums are used to measure the liability for future policy benefits, subject to future revisions. The discount rate assumption is an equivalent single rate that is derived based on A-credit-rated fixed-income instruments with similar duration to the liability. The Company selects fixed-income instruments that have been A-rated by one of the major credit rating agencies, such as Moody's, Standard & Poor's, or Fitch. The discount rate assumption is updated quarterly and used to remeasure the liability at the reporting date, with the resulting change reflected in other comprehensive income. For liability cash flows that are projected beyond the duration of market-observable A-credit-rated fixed-income instruments, the Company uses the last market-observable yield level, and uses linear interpolation to determine yield assumptions for durations that do not have market-observable yields. The embedded derivatives are recorded at fair value. The fair value of the embedded derivative component of policy benefit reserves is estimated at each valuation date by (a) projecting policy and contract values and minimum guaranteed values over the expected lives of the policies and contracts and (b) discounting the excess of the projected value amounts at the applicable risk free interest rates adjusted for nonperformance risk related to those liabilities. The projections of policy and contract values are based upon best estimate assumptions for future policy growth and future policy decrements. Best estimate assumptions for future policy growth includes assumptions for the expected index credit on the next policy anniversary date which are derived from the fair values of the underlying call options purchased to fund such index credits and the expected costs of annual cost options purchased in the future to fund index credits beyond the next policy anniversary. The projections of minimum guaranteed contract values include the same best estimate assumptions for policy decrements as were used to project policy contract values. Other policy claims and benefits - Unearned revenue reserves are maintained that reflect the unamortized balance of charges assessed to interest sensitive contract holders which serve as compensation for services to be performed over future periods (policy premium loads). These charges have been deferred and are being recognized in income over the period benefited using the same assumptions and factors used to amortize deferred acquisition costs. In both 2022 and 2023, the Company updated the net premium ratio for actual historical experience each quarter. Future cash flow assumptions are reviewed each quarter and are updated in the third quarter. Liability for Policyholder Account Balances - The Company recognizes a liability for policyholder account balances, which includes universal life products and annuities other than single premium immediate annuities with life contingencies. The following tables summarize balances and changes in the Liability for policyholder account balances. Nine Months Ended September 30, 2023 Domestic Universal Life International Universal Life Annuities excl. SPIAs WLC (In thousands) Balance, beginning of period $ 1,409,471 575,096 5,677,218 Premiums received 85,794 27,508 85,174 Policy charges (49,789) (56,523) (22,595) Surrenders and withdrawals (50,399) (37,170) (446,357) Benefit payments (21,739) (1,984) (141,361) Interest credited 20,509 7,004 41,292 Change in embedded derivative 26,014 4,203 (36,488) Other 2,218 (614) (18,877) Balance, end of period 1,422,079 517,520 5,138,006 Less reinsurance recoverable — — (1,135,906) Ending balance, net of reinsurance $ 1,422,079 517,520 4,002,100 Weighted-average crediting rate 2.14 % 1.62 % 0.94 % Net amount at risk $ 1,614 6,443 1,208,274 Cash surrender value $ 1,209,991 485,660 4,883,247 Nine Months Ended September 30, 2022 Domestic Universal Life International Universal Life Annuities excl. SPIAs WLC (In thousands) Balance, beginning of period $ 1,412,058 647,586 6,161,300 Issuances — — — Premiums received 120,956 31,738 196,463 Policy charges (53,411) (52,904) (22,259) Surrenders and withdrawals (41,785) (32,791) (369,437) Benefit payments (16,428) (1,550) (148,832) Interest credited 37,863 13,772 57,969 Change in embedded derivative (54,767) (14,161) (4,515) Other 371 1,476 (15,216) Balance, end of period 1,404,857 593,166 5,855,473 Less reinsurance recoverable — — (1,290,600) Ending balance, net of reinsurance $ 1,404,857 593,166 4,564,873 Weighted-average crediting rate 4.13 % 2.97 % 1.24 % Net amount at risk $ 1,638 7,318 1,111,573 Cash surrender value $ 1,228,130 555,903 5,473,356 The following table summarizes the Liability for policyholder account balances by line of business as of the end of the following periods. September 30, 2023 2022 (In thousands) Domestic universal life $ 1,422,079 1,404,857 International universal life 517,520 593,166 Annuities excl. SPIAs with life contingencies 5,138,006 5,855,473 Unearned revenue reserve 1,286 5,885 Total $ 7,078,891 7,859,381 The following table presents the account values by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between rates being credited to policyholders and the respective guaranteed minimums. September 30, 2023 At Guaranteed Minimum 1-50 Basis Points Above 51-150 Basis Points Above Greater Than 150 Basis Points Above Total (In thousands) Range of guaranteed minimum crediting rate: Less than 2.00% $ 1,810,654 1,901 17,311 116,475 1,946,341 2.00% - 2.99% 522,451 7,940 88,704 48,025 667,120 3.00% - 3.99% 423,674 37,995 2,691 27 464,387 4.00% and greater 385,534 — — 37 385,571 Total $ 3,142,313 47,836 108,706 164,564 3,463,419 September 30, 2022 At Guaranteed Minimum 1-50 Basis Points Above 51-150 Basis Points Above Greater Than 150 Basis Points Above Total (In thousands) Range of guaranteed minimum crediting rate: Less than 2.00% $ 2,044,059 2,104 90,636 124,486 2,261,285 2.00% - 2.99% 509,776 7,997 104,561 — 622,334 3.00% - 3.99% 505,906 44,369 2,868 26 553,169 4.00% and greater 410,007 — — 35 410,042 Total $ 3,469,748 54,470 198,065 124,547 3,846,830 Additional Liability for Benefits in Excess of Account Balances And Liability for Future Policy Benefits - The following table provides the balances and changes in insurance liabilities related to universal life and annuities that are in addition to the account balance, including annuitization benefits and death or other insurance benefits. Nine Months Ended September 30, 2023 Domestic Universal Life International Universal Life Annuities (In thousands) Balance, beginning of period $ 63,804 46,402 38,502 Beginning balance before shadow reserve adjustments 63,804 46,402 38,502 Effect of changes in cash flow assumptions 1,870 6,055 (1,759) Effect of actual variances from expected experience 5,898 (736) 625 Adjusted beginning of period balance 71,572 51,721 37,368 Issuances — — — Interest accrual 950 340 1,093 Assessments collected 15,875 7,546 (98) Benefit payments (18,318) (7,610) (1,343) Derecognition (lapses and withdrawals) — — — Other (39) (1,002) (15) Ending balance before shadow reserve adjustments 70,040 50,995 37,005 Effect of shadow reserve adjustments — — — Balance, end of period 70,040 50,995 37,005 Less reinsurance recoverable, end of period — — (37,005) Net additional liability, after reinsurance recoverable $ 70,040 50,995 — Nine Months Ended September 30, 2022 Domestic Universal Life International Universal Life Annuities (In thousands) Balance, beginning of period $ 54,097 48,336 12,718 Beginning balance before shadow reserve adjustments 54,097 48,336 12,718 Effect of changes in cash flow assumptions 3,844 (18) 24,599 Effect of actual variances from expected experience 5,493 7,118 1,843 Adjusted beginning of period balance 63,434 55,436 39,160 Issuances — — — Interest accrual 1,993 1,154 589 Assessments collected 13,436 6,011 (69) Benefit payments (16,031) (15,768) (1,146) Derecognition (lapses and withdrawals) — — — Other (30) 524 (9) Ending balance before shadow reserve adjustments 62,802 47,357 38,525 Effect of shadow reserve adjustments — — — Balance, end of period 62,802 47,357 38,525 Less reinsurance recoverable, end of period — — (38,525) Net additional liability, after reinsurance recoverable $ 62,802 47,357 — The following table summarizes the Additional liability for benefits in excess of account balance by line of business as of the end of the following periods. September 30, 2023 2022 (In thousands) Domestic universal life $ 70,040 62,802 International universal life 50,995 47,357 Annuities 37,005 38,525 Total $ 158,040 148,684 The following table provides the amount of gross assessments and interest expense related to annuitization and death or other insurance benefits recognized in the Condensed Consolidated Statements of Earnings related to additional insurance liabilities. Gross Assessments Interest Expenses Nine Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Domestic universal life $ 45,525 39,029 950 1,993 International universal life 30,401 25,005 340 1,154 Annuities (127) (2,952) 1,093 589 Total $ 75,799 61,082 2,383 3,736 The following tables summarize balances and changes in the Liability for future policy benefits balance for traditional life contracts and single premium immediate annuities with life contingencies. Nine Months Ended September 30, 2023 Domestic Traditional Life International Traditional Life SPIAs With Life Contingency ONL & Affiliates (In thousands) Present value of expected net premiums Balance, beginning of period $ 260 33,998 — 402,744 Beginning balance at original discount rate 660 35,906 — 494,961 Effect of changes in cash flow assumptions (325) 4,019 — 6,353 Effect of actual variances from expected experience 133 (1,139) — (3,726) Adjusted beginning of period balance 468 38,786 — 497,588 Issuances — — — 7,497 Interest accrual (19) 1,121 — 11,972 Net premium collected (132) (3,386) — (29,052) Ending balance at original discount rate 317 36,521 — 488,005 Effect of changes in discount rate assumptions (488) (3,364) — (109,489) Balance, end of period $ (171) 33,157 — 378,516 Present value of expected future policy benefits Balance, beginning of period $ 70,165 99,167 191,817 975,999 Beginning balance at original discount rate 62,839 100,976 215,637 1,293,523 Effect of changes in cash flow assumptions (824) 4,433 — 6,876 Effect of actual variances from expected experience (132) (3,872) 3,083 (3,273) Adjusted beginning of period balance 61,883 101,537 218,720 1,297,126 Issuances — — 9,005 7,340 Interest accrual 2,851 4,104 5,305 30,313 Benefit payments (3,825) (4,740) (16,752) (42,932) Derecognition (lapses and withdrawals) — — (5,032) — Other 114 (1,250) (322) (1,694) Ending balance at original discount rate 61,023 99,651 210,924 1,290,153 Effect of changes in discount rate assumptions 4,590 (5,637) (28,456) (377,110) Balance, end of period 65,613 94,014 182,468 913,043 Net liability for future policy benefits 65,784 60,857 182,468 534,527 Less reinsurance recoverable (12,665) (532) (152,949) (24,395) Net liability for future policy benefits, after reinsurance $ 53,119 60,325 29,519 510,132 Nine Months Ended September 30, 2022 Domestic Traditional Life International Traditional Life SPIAs With Life Contingencies ONL & Affiliates (In thousands) Present value of expected net premiums Balance, beginning of period $ 395 50,123 — 340,287 Beginning balance at original discount rate 706 40,670 — 330,854 Effect of changes in cash flow assumptions — — — 169,179 Effect of actual variances from expected experience 109 (258) — 10,761 Adjusted beginning of period 815 40,412 — 510,794 Issuances — — — 6,217 Interest accrual 1 1,266 — 8,013 Net premium collected (62) (3,605) — (24,214) Ending balance at original discount rate 754 38,073 — 500,810 Effect of changes in discount rate assumptions (389) (2,697) — (57,403) Balance, end of period $ 365 35,376 — 443,407 Present value of expected future policy benefits Balance, beginning of period $ 90,864 131,707 244,551 1,158,431 Beginning balance at original discount rate 64,242 105,103 223,904 1,114,085 Effect of changes in cash flow assumptions — — 172 175,122 Effect of actual variances from expected experience (142) (2,098) 3,032 11,758 Adjusted beginning of year balance 64,100 103,005 227,108 1,300,965 Issuances — — 9,554 5,918 Interest accrual 2,946 4,321 5,440 25,989 Benefit payments (3,661) (3,658) (17,667) (44,116) Derecognition (lapses and withdrawals) — — (4,927) — Other 137 (349) — (95) Ending balance at original discount rate 63,522 103,319 219,508 1,288,661 Effect of changes in discount rate assumptions 6,238 (3,645) (27,724) (248,479) Balance, end of period 69,760 99,674 191,784 1,040,182 Net liability for future policy benefits 69,395 64,298 191,784 596,775 Less reinsurance recoverable (12,431) (553) (161,944) (26,239) Net liability for future policy benefits, after reinsurance $ 56,964 63,745 29,840 570,536 The following table summarizes the net Liability for future policy benefits by product line as of the end of the following periods. September 30, 2023 2022 (In thousands) Domestic traditional life $ 65,784 69,395 International traditional life 60,857 64,298 SPIAs with life contingencies 182,468 191,784 ONL & Affiliates 534,527 596,775 Total $ 843,636 922,252 The following tables summarize the amount of revenue and interest related to traditional life contracts and single premium immediate annuities with life contingencies recognized in the Condensed Consolidated Statements of Earnings. Gross Premiums or Assessments Interest Expense Nine Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Domestic traditional life $ 2,295 2,476 2,870 2,945 International traditional life 9,110 10,061 2,983 3,055 SPIAs with life contingencies 1,151 5,683 5,305 5,440 ONL & Affiliates 56,797 57,711 18,341 17,976 Total $ 69,353 75,931 29,499 29,416 The following table provides the amount of undiscounted expected gross premiums and expected future benefits and expenses for traditional life contracts and single premium immediate annuities with life contingencies. September 30, 2023 2022 Expected Future Gross Premiums Expected Future Benefit Payments Expected Future Gross Premiums Expected Future Benefit Payments (In thousands) Domestic traditional life $ 32,013 103,177 33,319 108,001 International traditional life 162,304 221,506 163,976 225,183 SPIAs with life contingencies — 281,949 — 291,505 ONL & Affiliates 1,411,244 2,272,002 953,990 1,704,224 Total $ 1,605,561 2,878,634 1,151,285 2,328,913 The following tables summarize the annualized actual experience and expected experience for mortality and lapses of the Liability for future policy benefits and the Additional liability for benefits in excess of account balance. 2023 2022 Actual Experience Expected Experience Actual Experience Expected Experience Mortality: Domestic traditional life 1.84% 2.12% 1.32% 1.89% International traditional life 0.18% 0.41% 0.24% 0.37% Domestic universal life 1.68% 1.91% 1.11% 1.69% International universal life 0.27% 0.25% 0.27% 0.24% SPIAs with life contingencies 11.62% 12.14% 8.44% 8.74% Annuities excl. SPIAs with life contingencies 2.86% 2.61% 2.73% 2.67% ONL & Affiliates 1.05% 0.86% 0.94% 0.82% 2023 2022 Actual Experience Expected Experience Actual Experience Expected Experience Lapses: Domestic traditional life 4.36% 6.02% 6.91% 6.51% International traditional life 8.35% 7.75% 8.03% 7.92% Domestic universal life 5.68% 3.40% 4.74% 4.69% International universal life 11.94% 6.92% 8.39% 7.16% SPIAs with life contingencies N/A N/A N/A N/A Annuities excl. SPIAs with life contingencies 6.20% 4.27% 4.05% 4.24% ONL & Affiliates 4.24% 4.75% 3.90% 7.96% The following table provides the weighted-average durations in years of the Liability for future policy benefits and the Additional liability for benefits in excess of account balance. September 30, 2023 2022 Domestic traditional life 8.00 8.00 Domestic universal life 8.10 8.10 International traditional life 8.00 8.00 International universal life 8.10 8.10 SPIAs with life contingencies 8.00 8.00 Annuities excl. SPIAs with life contingencies 6.60 6.60 ONL & Affiliates 22.00 22.00 The following table provides the weighted-average interest rates for the Liability for future policy benefits and the Additional liability for benefits in excess of account balance. Interest Accretion Rate Current Discount Rate September 30, September 30, 2023 2022 2023 2022 Domestic traditional life 6.73% 6.80% 5.60% 5.30% Domestic universal life 4.56% 0.98% 4.56% 0.98% International traditional life 5.16% 5.24% 5.60% 5.30% International universal life 1.93% 1.53% 1.93% 1.53% SPIAs with life contingencies 3.48% 3.36% 5.60% 5.30% Annuities excl. SPIAs with life contingencies 1.02% 0.93% 1.02% 0.93% ONL & Affiliates 3.25% 3.25% 6.15% 5.85% The Company realized actual-expected experience variances but made no changes to assumptions for the periods shown other than the interest rates employed for purposes of calculating discounted values. The following tables present the balances of and changes in market risk benefits associated with guaranteed minimum withdrawal benefits, guaranteed annuitization benefits, and guaranteed minimum death benefits. Nine Months Ended September 30, 2023 Guaranteed Minimum Withdrawal Benefits Guaranteed Annuitization Benefits Guaranteed Minimum Death Benefits (In thousands) Balance, beginning of period $ 97,552 69,466 — Balance, beginning of period, before effect of changes in instrument-specific credit risk 97,552 69,466 — Issuances 64 — — Interest accrual — — — Attributed fees collected 37,572 — — Benefit payments — — — Effect of changes in interest rates (25,485) (5,426) — Effect of changes in equity markets — — — Effect of changes in equity index volatility — — — Actual policyholder behavior different from expected behavior (1,304) — — Effect of changes in future expected policyholder behavior (173) — — Effect of changes in other future expected assumptions — — — Balance, end of period, before effect of changes in instrument-specific credit risk 108,226 64,040 — Effect of changes in the instrument-specific credit risk — — — Balance, end of period 108,226 64,040 — Less reinsurance recoverable, end of period (2,874) (64,373) — Balance, end of period, net of reinsurance $ 105,352 (333) — Net amount at risk $ 1,082,774 125,500 — Weighted-average attained age of contract holders 69.6 67.8 0.0 Nine Months Ended September 30, 2022 Guaranteed Minimum Withdrawal Benefits Guaranteed Annuitization Benefits Guaranteed Minimum Death Benefits (In thousands) Balance, beginning of period $ 231,859 67,974 — Balance, beginning of period, before effect of changes in instrument-specific credit risk 231,859 67,974 — Issuances 420 — — Interest accrual — — — Attributed fees collected 37,587 — — Benefit payments — — — Effect of changes in interest rates (184,636) 1,292 — Effect of changes in equity markets — — — Effect of changes in equity index volatility — — — Actual policyholder behavior different from expected behavior (3,746) — — Effect of changes in future expected policyholder behavior — — — Effect of changes in other future expected assumptions — — — Balance, end of period, before effect of changes in instrument-specific credit risk 81,484 69,266 — Effect of changes in the instrument-specific credit risk — — — Balance, end of period 81,484 69,266 — Less reinsurance recoverable, end of period 2,865 (69,650) — Balance, end of period, net of reinsurance $ 84,349 (384) — Net amount at risk $ 982,619 128,954 — Weighted-average attained age of contract holders 68.9 67.0 0.0 The following table summarizes Market risk benefits liability balances separately by amounts in an asset position and amounts in a liability position to the Market risk benefits liability amounts as of the end of the following periods. September 30, 2023 September 30, 2022 Asset Liability Net liability Asset Liability Net liability (In thousands) Guaranteed minimum withdrawal benefit $ 48,240 156,466 108,226 51,881 133,365 81,484 Guaranteed annuitization benefits — 64,040 64,040 — 69,266 69,266 Balance, end of period $ 48,240 220,506 172,266 51,881 202,631 150,750 For the periods shown, there were no notable changes made to the inputs to the fair value estimates of market risk benefit calculations other than the interest rates employed for purposes of calculating fair value.

Pension and Other Postretiremen

Pension and Other Postretirement Plans	9 Months Ended
Pension and Other Postretirement Plans	Sep. 30, 2023
Retirement Benefits [Abstract]
PENSION AND OTHER POSTRETIREMENT PLANS	PENSION AND OTHER POSTRETIREMENT PLANS (A) Defined Benefit Pension Plans National Western sponsors a qualified defined benefit pension plan covering employees enrolled prior to 2008. The plan provides benefits based on the participants' years of service and compensation. The Company makes annual contributions to the plan that comply with the minimum funding provisions of the Employee Retirement Income Security Act of 1974 ("ERISA"). On October 19, 2007, National Western's Board of Directors approved an amendment to freeze the pension plan as of December 31, 2007. The freeze ceased future benefit accruals to all participants and closed the plan to any new participants. In addition, all participants became immediately 100% vested in their accrued benefits as of that date. As participants are no longer earning a credit for service, future qualified defined benefit plan expense is projected to be minimal. Fair values of plan assets and liabilities are measured as of the prior December 31 for each year. The following table summarizes the components of net periodic benefit cost. Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (In thousands) Service cost $ 27 32 81 98 Interest cost 200 145 599 435 Expected return on plan assets (311) (394) (931) (1,181) Amortization of net loss 70 34 209 101 Net periodic benefit cost $ (14) (183) (42) (547) The service cost shown above for each period represents plan expenses expected to be paid out of plan assets. Under the clarified rules of the Pension Protection Act, plan expenses paid from plan assets are to be included in the plan's service cost component. The Company's minimum required contribution for the 2023 plan year is $0.0 million. There were no planned contributions remaining for the 2022 plan year as of September 30, 2023. There were no planned contributions remaining for the 2023 plan year as of September 30, 2023. As of September 30, 2023, the Company has made no contributions to the plan for the 2022 plan year and no contributions to the plan for the 2023 plan year. The components of net periodic benefit cost including service cost are reported in the line item “Other operating expenses” in the Condensed Consolidated Statements of Earnings. National Western also sponsors three non-qualified defined benefit pension plans. The first plan covers certain senior officers and provides benefits based on the participants' years of service and compensation. The primary pension obligations and administrative responsibilities of the plan are maintained by a pension administration firm, which is a subsidiary of American National Group, Inc. ("American National"), previously a related party. In the second quarter of 2022, American National was acquired by Brookfield Asset Management Reinsurance Partners Ltd. (subsequently renamed Brookfield Reinsurance Ltd.) and is therefore no longer a related party of National Western. American National (subsequently reorganized as a Limited Liability Corporation) has guaranteed the payment of pension obligations under the plan. However, the Company has a contingent liability with respect to the plan should these entities be unable to meet their obligations under the existing agreements. Also, the Company has a contingent liability with respect to the plan in the event that a plan participant continues employment with National Western beyond age seventy Effective July 1, 2005, National Western established a second non-qualified defined benefit plan for the benefit of Robert L. Moody, Sr., who was then Chairman of the Company. This plan is intended to provide for post-2004 benefit accruals that mirror and supplement the pre-2005 benefit accruals under the previously discussed non-qualified plan, while complying with the requirements of the Act. On November 7, 2023, Robert L. Moody, Sr., Chairman Emeritus of the Company, passed away. Mr. Moody, Sr.'s wife predeceased him. Accordingly, the Company has no obligation to make any additional payments with respect to Mr. Moody, Sr.'s participation in the qualified pension plan and non-qualified defined benefit plans described above. Effective November 1, 2005, National Western established a third non-qualified defined benefit plan for the benefit of Ross R. Moody, who was then President of the Company. This plan is intended to provide for post-2004 benefit accruals that supplement the pre-2005 benefit accruals under the first non-qualified plan as previously discussed, while complying with the requirements of the Act. The following table summarizes the components of net periodic benefit costs for the non-qualified defined benefit plans. Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (In thousands) Service cost $ 203 260 611 779 Interest cost 410 278 1,227 835 Amortization of prior service cost 14 14 44 44 Amortization of net loss — 585 — 1,754 Net periodic benefit cost $ 627 1,137 1,882 3,412 As the plans are not funded, there is no expected return on plan assets shown in the net periodic benefit cost table above. The Company expects to contribute $2.0 million to these plans in 2023. As of September 30, 2023, the Company had contributed $1.3 million to the plans. The components of net periodic benefit cost including service cost are reported in the line item “Other operating expenses” in the Condensed Consolidated Statements of Earnings. Ozark National and NIS have no defined benefit plans. (B) Postretirement Employment Plans Other Than Pension National Western sponsors two healthcare plans that were amended in 2004 to provide postretirement benefits to certain fully-vested individuals. The plans are unfunded. The following table summarizes the components of net periodic benefit costs. Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (In thousands) Interest cost $ 60 44 182 130 Amortization of net loss — 52 — 156 Net periodic benefit cost $ 60 96 182 286 As the plans are not funded, there is no expected return on plan assets shown in the net periodic benefit cost table above. The Company expects to contribute minimal amounts to the plans in 2023. Ozark National and NIS do not offer postemployment benefits. The components of net periodic benefit cost including service cost are reported in the line item “Other operating expenses” in the Condensed Consolidated Statements of Earnings.

Segment and Other Operating Inf

Segment and Other Operating Information	9 Months Ended
Segment and Other Operating Information	Sep. 30, 2023
Segment Reporting [Abstract]
SEGMENT AND OTHER OPERATING INFORMATION	SEGMENT AND OTHER OPERATING INFORMATIONThe Company defines its reportable operating segments as domestic life insurance, international life insurance, annuities, and ONL & Affiliates. These segments are organized based on product types, geographic marketing areas, and business groupings. Ozark National and NIS have been combined into a separate segment given its inter-related marketing and sales approach which consists of a coordinated sale of a non-participating whole life insurance product (Ozark National) and a mutual fund investment product (NIS). A fifth category "All Others" primarily includes investments and earnings of non-operating subsidiaries as well as other remaining investments and assets not otherwise supporting specific segment operations. In accordance with GAAP guidance for segment reporting, the Company excludes or segregates realized investment gains and losses. A summary of segment information as of September 30, 2023 and December 31, 2022 for the Condensed Consolidated Balance Sheet items and for the three and nine months ended September 30, 2023 and September 30, 2022 for the Condensed Consolidated Statements of Earnings is provided below. Condensed Consolidated Balance Sheet Items: September 30, 2023 Domestic International Annuities ONL & Affiliates All Totals (In thousands) Deferred transaction costs $ 181,068 151,606 430,741 149,299 — 912,714 Market risk benefits asset — — 48,240 — — 48,240 Total segment assets 1,850,885 836,338 7,596,824 932,773 321,704 11,538,524 Future policyholder obligations 1,568,410 620,153 5,357,477 534,527 — 8,080,567 Market risk benefits liability — — 220,506 — — 220,506 Other policyholder liabilities 24,790 8,069 91,068 13,242 — 137,169 Funds withheld liability — — 1,161,155 — — 1,161,155 December 31, 2022 Domestic International Annuities ONL & Affiliates All Totals (In thousands) Deferred transaction costs $ 179,193 163,438 470,120 153,257 — 966,008 Market risk benefits asset — — 48,759 — — 48,759 Total segment assets 1,803,876 889,022 8,270,315 994,318 335,343 12,292,874 Future policyholder obligations 1,553,624 675,786 5,907,974 573,255 — 8,710,639 Market risk benefits liability — — 215,777 — — 215,777 Other policyholder liabilities 25,596 15,560 118,615 15,318 — 175,089 Funds withheld liability — — 1,333,036 — — 1,333,036 Condensed Consolidated Statements of Earnings: Three Months Ended September 30, 2023 Domestic International Annuities ONL & Affiliates All Totals (In thousands) Premiums and contract revenues $ 12,807 22,871 1,895 18,529 — 56,102 Net investment income 4,181 2,229 54,169 8,358 27 68,964 Other revenues 10 2 1,872 2,829 1,028 5,741 Total revenues 16,998 25,102 57,936 29,716 1,055 130,807 Life and other policy benefits 6,180 3,880 1,846 14,651 — 26,557 Policy benefit remeasurement (gain)/loss 1,370 6,469 — 521 — 8,360 Market risk benefits expense — — (29,439) — — (29,439) Amortization of deferred transaction costs 3,407 4,148 10,457 2,314 — 20,326 Universal life and annuity contract interest 638 646 (11,701) — — (10,417) Other operating expenses 8,740 7,300 19,943 4,949 1,498 42,430 Federal income taxes (875) 3,179 22,390 1,481 2,538 28,713 Total expenses 19,460 25,622 13,496 23,916 4,036 86,530 Segment earnings (loss) $ (2,462) (520) 44,440 5,800 (2,981) 44,277 Three Months Ended September 30, 2022 Domestic International Annuities ONL & Affiliates All Totals (In thousands) Premiums and contract revenues $ 13,466 18,303 5,570 18,808 — 56,147 Net investment income (loss) 8,489 3,986 55,365 7,301 4,363 79,504 Other revenues 26 24 1,584 2,778 1,349 5,761 Total revenues 21,981 22,313 62,519 28,887 5,712 141,412 Life and other policy benefits 6,647 6,419 5,142 9,560 — 27,768 Policy benefit remeasurement (gain)/loss 3,843 (18) 93 5,909 — 9,827 Market risk benefits expense — — (33,571) — — (33,571) Amortization of deferred transaction costs 5,586 3,771 9,022 3,234 — 21,613 Universal life and annuity contract interest 826 2,421 38,988 — — 42,235 Other operating expenses 7,133 4,384 11,614 4,755 1,501 29,387 Federal income taxes (414) 1,138 6,860 1,075 895 9,554 Total expenses 23,621 18,115 38,148 24,533 2,396 106,813 Segment earnings $ (1,640) 4,198 24,371 4,354 3,316 34,599 Nine Months Ended September 30, 2023 Domestic International Annuities ONL & Affiliates All Totals (In thousands) Premiums and contract revenues $ 38,229 64,476 12,497 56,185 — 171,387 Net investment income 51,985 16,296 168,439 24,519 20,148 281,387 Other revenues 24 6 5,674 8,154 2,873 16,731 Total revenues 90,238 80,778 186,610 88,858 23,021 469,505 Life and other policy benefits 13,569 9,410 16,582 43,874 — 83,435 Policy benefit remeasurement (gain)/loss 1,370 6,469 — 521 — 8,360 Market risk benefits expense — — 6,733 — — 6,733 Amortization of deferred transaction costs 9,782 12,225 34,463 7,130 — 63,600 Universal life and annuity contract interest 39,985 11,592 1,165 — — 52,742 Other operating expenses 27,162 22,208 60,594 15,167 4,425 129,556 Federal income taxes (545) 6,314 22,437 4,511 6,220 38,937 Total expenses 91,323 68,218 141,974 71,203 10,645 383,363 Segment earnings $ (1,085) 12,560 44,636 17,655 12,376 86,142 Nine Months Ended September 30, 2022 Domestic International Annuities ONL & Affiliates All Totals (In thousands) Premiums and contract revenues $ 39,278 56,612 17,532 57,125 — 170,547 Net investment income (453) (3,051) 171,575 21,438 15,193 204,702 Other revenues 77 63 4,182 8,866 3,948 17,136 Total revenues 38,902 53,624 193,289 87,429 19,141 392,385 Life and other policy benefits 14,425 13,048 22,767 37,241 — 87,481 Policy benefit remeasurement (gain)/loss 3,843 (18) 93 5,909 — 9,827 Market risk benefits expense — — (150,069) — — (150,069) Amortization of deferred transaction costs 12,127 12,610 32,741 10,071 — 67,549 Universal life and annuity contract interest (15,751) (7,922) 26,139 — — 2,466 Other operating expenses 20,013 14,121 38,592 14,826 4,738 92,290 Federal income taxes 880 4,518 46,255 3,905 2,988 58,546 Total expenses 35,537 36,357 16,518 71,952 7,726 168,090 Segment earnings $ 3,365 17,267 176,771 15,477 11,415 224,295 Reconciliations of segment information to the Company's Condensed Consolidated Financial Statements are provided below. Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Premiums and Other Revenues: Premiums and contract revenues $ 56,102 56,147 171,387 170,547 Net investment income 68,964 79,504 281,387 204,702 Other revenues 5,741 5,761 16,731 17,136 Realized gains on investments 25,883 745 25,976 6,305 Total condensed consolidated premiums and other revenues $ 156,690 142,157 495,481 398,690 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Federal Income Taxes: Total segment Federal income taxes $ 28,713 9,554 38,937 58,546 Taxes on realized gains on investments 5,435 156 5,455 1,323 Total condensed consolidated Federal income taxes $ 34,148 9,710 44,392 59,869 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Net Earnings: Total segment earnings $ 44,277 34,599 86,142 224,295 Realized gains on investments, net of taxes 20,448 589 20,521 4,982 Total condensed consolidated net earnings $ 64,725 35,188 106,663 229,277 September 30, December 31, 2023 2022 (In thousands) Assets: Total segment assets $ 11,538,524 12,292,874 Other unallocated assets 520,906 490,071 Total condensed consolidated assets $ 12,059,430 12,782,945

Share-Based Payments

Share-Based Payments	9 Months Ended
Share-Based Payments	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
SHARE-BASED PAYMENTS	SHARE-BASED PAYMENTSThe Company's stockholders approved an Incentive Plan in 2016 which provides for the grant of any or all of the following types of awards to eligible employees: (1) stock options, including incentive stock options and nonqualified stock options; (2) stock appreciation rights ("SARs"), in tandem with stock options or freestanding; (3) restricted stock or restricted stock units; and (4) performance awards. The number of shares of Class A Common Stock, $0.01 par value, allowed to be issued under the Incentive Plan, cannot exceed 300,000. The Incentive Plan includes additional provisions, most notably regarding the definition of performance objectives which can be used in the issuance of the fourth type of award noted above (performance awards). The term of the Incentive Plan is for ten years from the date of stockholder approval. All of the employees of the Company and its subsidiaries are eligible to participate in the Incentive Plan. In addition, directors of the Company are eligible to receive the same types of awards as employees except that they are not eligible to receive incentive stock options. Company directors, including members of the Compensation and Stock Option Committee, are eligible for nondiscretionary stock options. SARs granted prior to 2016 vest 20% annually following three years of service following the grant date. Employee SARs granted 2016 and thereafter vest 33.3% annually following one year of service from the date of the grant. Directors' SARs grants vest 20% annually following one year of service from the date of grant. The Incentive Plan allows for certain other share or unit awards which are solely paid out in cash based on the value of the Company's shares, or changes therein, as well as the financial performance of the Company under pre-determined target performance metrics. Certain awards, such as restricted stock units ("RSUs") provide solely for cash settlement based upon the market price of the Company's Class A Common Stock, often referred to as "phantom stock-based awards" in equity compensation plans. Unlike share-settled awards, which have a fixed grant-date fair value, the fair value of unsettled or unvested liability awards is remeasured at the end of each reporting period based on the change in fair value of a share. The liability and corresponding expense are adjusted accordingly until the award is settled. For employees, the vesting period for RSUs is 100% at the end of three years from the grant date. RSUs granted prior to 2019 were paid in cash at the vesting date equal to the closing price of the Company's Class A Common Stock on the three year anniversary date. RSUs granted in 2019 and after are payable in cash at the three year vesting date equal to the 20-day moving average closing price of the Company’s Class A Common Stock at that time. Other awards may involve performance share units ("PSUs") which are units granted at a specified dollar amount per unit, typically linked to the share price of the Class A Common Stock, that are subsequently multiplied by an attained performance factor to derive the number of PSUs to be paid as cash compensation at the vesting date. PSUs also vest three years from the date of grant. For PSUs, the performance period begins the first day of the calendar year for which the PSUs are granted and runs three PSU awards covering the three year measurement period ended December 31, 2022 were paid out in the first four months of 2023. The performance factor during the measurement period used to determine compensation payouts was 74.54% of the pre-defined metric target. PSU awards covering the three year measurement period ended December 31, 2021 were paid out in the first quarter of 2022. The performance factor during the measurement period used to determine compensation payouts was 110.19% of the pre-defined metric target. Directors of the Company are eligible to receive RSUs under the Incentive Plan. Unlike RSUs granted to officers, the RSUs granted to directors vest one year from the date of grant and are payable in cash at the vesting date equal to the 20-day moving average closing price of the Class A Common Stock at that time. The following table shows all grants issued to officers and directors during the three and nine months ended September 30, 2023 and 2022. Grants made are based upon the 20-day moving average closing market price of the Company's Class A common share at the grant date. Three Months Ended September 30, 2023 September 30, 2022 Officers Directors Officers Directors SARs — — — — RSUs — — — — PSUs — — — — Nine Months Ended September 30, 2023 September 30, 2022 Officers Directors Officers Directors SARs — — — — RSUs — 2,170 — 3,710 PSUs — — — — The Company uses the current fair value method to measure compensation costs for awards granted under the share-based plans. As of September 30, 2023 and December 31, 2022, the liability balance was $61.4 million and $20.5 million, respectively. The Company establishes its liability balance for share-based plans and recognizes related compensation cost over the graded vesting periods of each individual award. As disclosed in Note (16) Subsequent Events , the Company entered into an agreement and plan of merger on October 8, 2023 with S. USA Life Insurance Company Inc. and PGH Merger Inc. Under the terms of the merger agreement, all outstanding unvested share-based awards would fully vest at the closing date of the merger agreement which is currently expected to occur sometime in the first half of the 2024 calendar year. As a result, the liability balance and expense amortization for all awards outstanding at September 30, 2023 has been calculated assuming an ultimate amortization ending date of June 30, 2024. The effect of using this date was to increase the share-based liability and related compensation expense by $5.4 million in the three months ended September 30, 2023. A summary of awards by type and related activity is detailed below. Options Outstanding Shares Shares Weighted- Stock Options : Balance at January 1, 2023 291,000 — $ — Exercised — — $ — Forfeited — — $ — Expired — — $ — Stock options granted — — $ — Balance at September 30, 2023 291,000 — $ — Liability Awards SARs RSUs PSUs Other Share/Unit Awards : Balance at January 1, 2023 286,589 21,861 24,845 Exercised (2,860) (3,710) (6,066) Forfeited (5,927) (689) (335) Granted — 2,170 — Balance at September 30, 2023 277,802 19,632 18,444 SARs, RSUs, and PSUs shown as forfeited in the above tables represent vested and unvested awards not exercised by plan participants upon their termination from the Company in accordance with the expiration provisions of the awards. Furthermore, under the terms of all outstanding SARs, RSUs and PSUs, all such awards may be settled only in cash. Accordingly, no shares of Class A Common Stock are issuable under the terms of such awards. The total intrinsic value of share-based compensation exercised and paid was $1.8 million and $1.1 million for the nine months ended September 30, 2023 and 2022, respectively. The total fair value of SARs, RSUs, and PSUs vested during the nine months ended September 30, 2023 and 2022 was $1.4 million and $0.1 million, respectively. No cash amounts were received from the exercise of stock options under the Plans during the periods reported on. The following table summarizes information about SARs outstanding at September 30, 2023. SARs Outstanding Number Outstanding Weighted- Number Exercise prices: $210.22 21,650 0.2 years 21,650 $216.48 10,342 2.4 years 10,342 $311.16 7,807 3.4 years 7,807 $334.34 7,443 4.2 years 7,443 $303.77 9,357 5.2 years 9,357 $252.91 16,626 6.2 years 16,626 $192.10 35,861 7.2 years 23,899 $218.44 59,087 8.2 years 19,731 $220.61 109,629 9.2 years — Totals 277,802 116,855 Aggregate intrinsic value (in thousands) $ 58,799 $ 23,467 The aggregate intrinsic value in the table above is based on the closing Class A Common Stock price of $437.49 per share on September 30, 2023. The SARs shown above with an exercise price of $210.22 have a remaining contractual life of less than one year. The holders of this grant have until December 11, 2023, the end of the contractual term of the award grant, to exercise these holdings or otherwise forfeit them. The announced agreement and plan of merger noted above may potentially induce incremental exercise activity of vested SARs during the fourth quarter of 2023. In estimating the fair value of the SARs outstanding at September 30, 2023 and December 31, 2022, the Company employed the Black-Scholes option pricing model with assumptions detailed below. September 30, December 31, Expected term 0.2 to 0.8 years 0.9 to 6.7 years Expected volatility weighted-average 40.06 % 36.18 % Expected dividend yield 0.08 % 0.13 % Risk-free rate weighted-average 5.50 % 4.19 % The Company reviewed the contractual term relative to the SARs as well as perceived future behavior patterns of exercise. Volatility is based on the Company’s historical volatility over the expected term of the SARs by expected exercise date. As noted previously, the Company made an adjustment at September 30, 2023 assuming the expected term of outstanding SARs to coincide with an estimated closing date of June 30, 2024 for the announced agreement and plan of merger. The pre-tax compensation cost/(benefit) recognized in the Condensed Consolidated Financial Statements related to these plans was $11.3 million and $43.6 million in the three and nine months ended September 30, 2023, and $(1.2) million and $1.4 million in the three and nine months ended September 30, 2022, respectively. The related tax expense/(benefit) recognized was $(2.4) million and $(9.2) million in the three and nine months ended September 30, 2023 and $0.2 million and $(0.3) million in the three and nine months ended September 30, 2022, respectively. Compensation expense for the three and nine months ended September 30, 2023 is indicative of the Class A Common Stock price increasing from $281.00 per share at December 31, 2022 and $242.62 per share at March 31, 2023 to $415.56 per share at June 30, 2023 and $437.49 per share at September 30, 2023. As of September 30, 2023, the total pre-tax compensation expense related to non-vested share-based awards not yet recognized was $16.8 million. This amount is expected to be recognized over a weighted-average period of 0.8 years.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES (A) Legal Proceedings In the normal course of business, the Company is involved or may become involved in various legal actions in which claims for alleged economic and punitive damages have been or may be asserted, some for substantial amounts. In recent years, carriers offering life insurance and annuity products have faced litigation, including class action lawsuits, alleging improper product design, improper sales practices, and similar claims. As previously disclosed, the Company has been a defendant in prior years in such class action lawsuits. Given the uncertainty involved in these types of actions, the ability to make a reliable evaluation of the likelihood of an unfavorable outcome or an estimate of the amount of or range of potential loss is endemic to the particular circumstances and evolving developments of each individual matter on its own merits. In April of 2019, National Western defended a two-week jury trial in which it was alleged that the Company committed actionable Financial Elder Abuse in its issuance of a $100,000 equity indexed annuity to the Plaintiff in the case of Williams v Pantaleoni et al , Case No. 17CV03462, Butte County California Superior Court. The Court entered an Amended Judgment on the Jury Verdict on July 27, 2019 against National Western in the amount of $14,949 for economic damages and $2.9 million in non-economic and punitive damages. National Western vigorously disputed the verdicts and the amounts awarded, and in furtherance of such, filed a Motion for Judgment Notwithstanding Jury Verdict and a Motion for New Trial, both of which were rejected by the Court. On September 9, 2019, NWLIC filed its Notice of Appeal. On November 11, 2019, the judge awarded the Plaintiff attorney’s fees in the amount of $1.26 million. Both the Plaintiff and NWLIC appealed this ruling. On June 11, 2021, the appellate court reversed the judgment and directed the trial court to enter judgment in favor of NWLIC. Plaintiff then filed an appeal with the Supreme Court of California. On September 22, 2021, the California Supreme Court granted review and transferred the case back to the appellate court with instructions to vacate its decision and reconsider its finding that Mr. Pantaleoni did not have an agency relationship with NWLIC. On March 4, 2022, the appellate court filed an opinion completely striking the award of punitive damages that had been in the amount of $2.5 million, affirming economic damages of $14,949 and non-economic damages of $420,000, and awarding Plaintiff costs on appeal. The appellate court remanded the case to the trial court to reconsider the attorney fee award of $1.26 million in light of the reversal of punitive damages. Upon petitions for rehearing separately filed by both parties, the appellate court vacated its March 4th decision. On May 10, 2022, the appellate court filed its new opinion once again completely striking the award of punitive damages that had been in the amount of $2.5 million, affirming economic damages of $14,949 and non-economic damages of $420,000, and awarding Plaintiff costs on appeal. The appellate court again remanded the case to the trial court to reconsider the attorney fee award of $1.26 million in light of the reversal of punitive damages. The California Supreme Court denied National Western’s appeal while ordering the appellate decision depublished. This denial made the appellate court’s decision final, which was to strike the award of punitive damages, to affirm the award of economic damages of $14,949 and non-economic damages of $420,000, and to award Plaintiff costs on appeal. The trial court subsequently awarded Plaintiff appellate costs of $538,461, and reduced Plaintiff's trial fees to $842,380. The parties agreed to a judgment, and final payment of fees was tendered by the Company in January 2023. The amount was accrued for and included in the Company's financial statements for the year ended December 31, 2022. In the Form 10-Q for the three months ended September 30, 2020, the Company reported that it experienced a data event in which an intruder accessed and exfiltrated certain data from the Company's network and that it was aware of two proposed class actions filed against National Western: Mildred Baldwin, on behalf of herself and others similarly situated vs. National Western Life Insurance Company , Missouri Circuit Court for the 18th Judicial Circuit (Pettis County) filed February 16, 2021, and Douglas Dyrssen Sr., individually and on behalf of all others similarly situated vs. National Western Life Insurance Company and National Western Life Group, Inc. , United States District Court for the Eastern District of California filed March 8, 2021. The parties subsequently agreed to consolidate those two proposed class actions into a single proposed class action, Mildred Baldwin, on behalf of herself and others similarly situated vs. National Western Life Insurance Company , United States District Court for the Western District of Missouri. Baldwin was seeking an undetermined amount of damages, attorneys' fees and costs, injunctive relief, declaratory and other equitable relief, and enjoinment. National Western filed a Motion to Dismiss on July 16, 2021. On July 26, 2021, the parties filed a Joint Motion to Stay Pending Mediation, which the court denied. On September 15, 2021, the court granted in part and denied in part National Western’s Motion to Dismiss. At a mediation held on October 12, 2021, the parties agreed on preliminary terms to settle the litigation. The parties filed a Joint Notice of Settlement and Motion to Stay Deadlines with the court on October 20, 2021. The Company accrued $4.4 million for this matter at December 31, 2021. The Court issued an order preliminarily approving the settlement on January 19, 2022. The Court issued an order granting final approval of the settlement on June 16, 2022. The ultimate payments due under the settlement terms were paid in 2022. The Company was informed by the Internal Revenue Service (“IRS”) that it had countersigned a previously negotiated closing agreement effective February 11, 2022 (“Agreement”) by and between National Western and the Commissioner of Internal Revenue pertaining to an open matter regarding the tax status of certain of the Company’s international life insurance products. Under terms of the Agreement, the Company remitted to the IRS a payment in the amount of $4.9 million within sixty days of the effective date of the Agreement and agreed to make stipulated adjustments to the policies covered under the Agreement within ninety days of the effective date. The Company had previously accrued for this contingency in a financial statement period predating the financial statements for the three years ended December 31, 2022. The agreement and plan of merger described above (the "Merger Agreement") contains certain termination rights for both the Company and S.USA. If the Merger has not closed by July 8, 2024 (the “Outside Date”), either the Company or S.USA may terminate the Merger Agreement. However, if the closing has not occurred because the required insurance regulatory approvals have not been obtained, and all other conditions to closing have been satisfied (other than those conditions that by their terms are to be satisfied at the closing, each of which is capable of being satisfied at the closing) or waived, the Outside Date will be automatically extended to October 8, 2024. The Merger Agreement requires the Company to pay S.USA a $66.5 million termination fee under certain circumstances. Specifically, a termination fee would be payable by the Company if: ▪ S.USA terminates the Merger Agreement due to the occurrence of a Company terminable breach and (i) a competing proposal was announced after the date of the Merger Agreement but prior to the termination that was not withdrawn and (ii) within 12 months after the termination, the Company enters into a definitive agreement with respect to, or otherwise consummates, the competing proposal (or does not oppose it, in the case of a tender or exchange offer); ▪ The Company or S.USA terminates the Merger Agreement because of the Company’s failure to obtain the required vote at a duly held meeting of its stockholders and (i) a competing proposal was announced after the date of the Merger Agreement but prior to the termination that was not withdrawn and (ii) within 12 months after the termination, the Company enters into a definitive agreement with respect to, or otherwise consummates, the competing proposal (or does not oppose it, in the case of a tender or exchange offer); ▪ S.USA terminates the Merger Agreement because prior to receipt of Company stockholder approval there has been a change in the NWLGI board of directors’ recommendation, regardless of whether permitted by the Merger Agreement; or ▪ the Company terminates the Merger Agreement prior to the receipt of Company stockholder approval in order to enter into a definitive written agreement providing for a superior proposal received after the signing of the Merger Agreement that did not result from a breach of the nonsolicitation covenant binding on the Company and the Company complied with the nonsolicitation covenant’s requirements binding on the Company. (B) Financial Instruments In order to meet the financing needs of its customers in the normal course of business, the Company is a party to financial instruments with off-balance sheet risk. These financial instruments are commitments to extend credit which involve elements of credit and interest rate risk in excess of the amounts recognized in the Condensed Consolidated Balance Sheets. The Company's exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amounts, assuming that the amounts are fully advanced and that collateral or other security is of no value. Commitments to extend credit are legally binding agreements to lend to a customer that generally have fixed expiration dates or other termination clauses and may require payment of a fee. Commitments do not necessarily represent future liquidity requirements, as some could expire without being drawn upon. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. The Company controls the credit risk of these transactions through credit approvals, limits, and monitoring procedures. The Company had no commitments to fund new loans and $25.3 million commitments to extend credit relating to existing loans at September 30, 2023. The Company evaluates each customer's creditworthiness on a case-by-case basis. The Company also had open commitments to make capital contributions to alternative investment debt and equity funds of $177.2 million as of September 30, 2023. The Company had unfunded commitments on private placements of $0.0 million and unfunded commitments on revolver loans of $0.0 million as of September 30, 2023.

Investments

Investments	9 Months Ended
Investments	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
INVESTMENTS	INVESTMENTS (A) Investment Gains and Losses The Company uses the specific identification method in computing realized gains and losses. The table below presents realized gains and losses for the periods indicated. Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Available-for-sale debt securities: Realized gains on disposal $ 231 27 344 5,254 Realized losses on disposal — (190) — (193) Real estate gains (losses) — 908 (20) 1,244 Other 25,652 — 25,652 — Totals $ 25,883 745 25,976 6,305 For the three months ended September 30, 2023 and 2022, the percentage of total gains (losses) on bonds due to the call of securities was 100.0% and 100.0%, respectively. For the nine months ended September 30, 2023 and 2022 the percentage of total gains on bonds due to the call of securities was 81.6% and 92.2%, respectively. The Other realized gain in the three and nine months ended September 30, 2023 represents the tender of shares held in Moody Bancshares, Inc. The Company's cost basis in the shares was $195,000 and the tender proceeds approximated $25.8 million. (B) Debt Securities The table below presents amortized costs and fair values of debt securities available-for-sale at September 30, 2023. Debt Securities Available-for-Sale Amortized Gross Gross Fair Allowance for Credit Losses (In thousands) U.S. agencies $ 12,102 — (460) 11,642 — U.S. Treasury 2,820 — (141) 2,679 — States and political subdivisions 454,240 97 (79,618) 374,719 — Foreign governments 62,951 — (19,551) 43,400 — Public utilities 611,901 — (76,290) 535,611 — Corporate 5,665,482 9 (648,756) 5,016,735 — Commercial mortgage-backed 22,452 — (2,023) 20,429 — Residential mortgage-backed 265,707 3 (19,150) 246,560 — Asset-backed 896,488 300 (96,009) 800,779 — Totals $ 7,994,143 409 (941,998) 7,052,554 — The table below presents amortized costs and fair values of debt securities available-for-sale at December 31, 2022. Debt Securities Available-for-Sale Amortized Gross Gross Fair Allowance for Credit Losses (In thousands) U.S. agencies $ 21,003 — (377) 20,626 — U.S. Treasury 2,813 6 (90) 2,729 — States and political subdivisions 476,338 668 (65,507) 411,499 — Foreign governments 62,964 — (17,076) 45,888 — Public utilities 681,785 117 (66,765) 615,137 — Corporate 6,199,886 1,940 (570,255) 5,631,571 — Commercial mortgage-backed 21,965 — (1,680) 20,285 — Residential mortgage-backed 337,186 183 (16,338) 321,031 — Asset-backed 634,820 168 (92,121) 542,867 — Totals $ 8,438,760 3,082 (830,209) 7,611,633 — Unrealized losses for debt securities available-for-sale increased at September 30, 2023 from comparable balances at December 31, 2022 primarily due to increases in interest rate levels during the period. The ten-year U.S. Treasury bond increased 69 basis points during the nine months ended September 30, 2023. Debt securities balances at September 30, 2023 and December 31, 2022 include Ozark National holdings of $663.0 million and $674.8 million, respectively, in available-for-sale. The following table shows the gross unrealized losses and fair values of the Company's available-for-sale debt securities by investment category and length of time the individual securities have been in a continuous unrealized loss position at September 30, 2023. Debt Securities Available-for-Sale Less than 12 Months 12 Months or Greater Total Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) U.S. agencies $ 4,539 (296) 7,103 (164) 11,642 (460) U.S. Treasury 1,003 (11) 1,676 (130) 2,679 (141) States and political subdivisions 46,636 (2,704) 312,203 (76,914) 358,839 (79,618) Foreign governments — — 43,400 (19,551) 43,400 (19,551) Public utilities 2,434 (19) 533,177 (76,271) 535,611 (76,290) Corporate 260,567 (12,271) 4,702,597 (636,485) 4,963,164 (648,756) Commercial mortgage-backed 4,846 (153) 15,583 (1,870) 20,429 (2,023) Residential mortgage-backed 28,534 (1,207) 217,726 (17,943) 246,260 (19,150) Asset-backed 146,237 (5,195) 608,626 (90,814) 754,863 (96,009) Totals $ 494,796 (21,856) 6,442,091 (920,142) 6,936,887 (941,998) The following table shows the gross unrealized losses and fair values of the Company's available-for-sale debt securities by investment category and length of time that the individual securities have been in a continuous unrealized loss position at December 31, 2022. Debt Securities Available-for-Sale Less than 12 Months 12 Months or Greater Total Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) U.S. agencies $ 20,626 (377) — — 20,626 (377) U.S. Treasury 1,749 (90) — — 1,749 (90) States and political subdivisions 346,009 (55,014) 28,420 (10,493) 374,429 (65,507) Foreign governments 22,591 (7,658) 23,296 (9,420) 45,887 (17,078) Public utilities 601,824 (61,970) 10,747 (4,795) 612,571 (66,765) Corporate 4,985,075 (432,492) 434,625 (137,763) 5,419,700 (570,255) Commercial mortgage-backed 20,285 (1,680) — — 20,285 (1,680) Residential mortgage-backed 307,410 (16,338) — — 307,410 (16,338) Asset-backed 368,132 (59,936) 156,719 (32,185) 524,851 (92,121) Totals $ 6,673,701 (635,555) 653,807 (194,656) 7,327,508 (830,211) Debt securities. The gross unrealized losses for debt securities are made up of 1,076 individual issues, or 97.6% of the total debt securities held available-for-sale by the Company at September 30, 2023. The market value of these bonds as a percent of amortized cost approximates 88.0%. Of the 1,076 securities, 966, or 89.8%, fall in the 12 months or greater aging category and 1,060 were rated investment grade at September 30, 2023. The amortized cost and fair value of investments in debt securities available-for-sale at September 30, 2023, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Debt Securities Available-for-Sale Amortized Cost Fair Value (In thousands) Due in 1 year or less $ 845,731 835,118 Due after 1 year through 5 years 2,725,641 2,576,629 Due after 5 years through 10 years 1,303,748 1,123,633 Due after 10 years 1,934,376 1,449,406 6,809,496 5,984,786 Mortgage and asset-backed securities 1,184,647 1,067,768 Totals before allowance for credit losses 7,994,143 7,052,554 Allowance for credit losses — — Totals $ 7,994,143 7,052,554 The Company determines current expected credit losses for available-for-sale debt securities when fair value is less than amortized cost, interest payments are missed, and the security is experiencing credit issues. Provisions to and releases from the allowance for credit losses are recorded in net investment income in the Condensed Consolidated Statements of Earnings. Based on its review, the Company determined none of these investments required an allowance for credit loss at September 30, 2023 or December 31, 2022. The Company's operating procedures include monitoring the investment portfolio on an ongoing basis for any changes in issuer facts and circumstances that might lead to future need for a credit loss allowance. (C) Transfer of Securities During the nine months ended September 30, 2023 and 2022, the Company made no transfers between debt securities available-for-sale and trading. The Company does not classify any debt securities as held-to-maturity. (D) Mortgage Loans and Real Estate A financing receivable is a contractual right to receive money on demand or on fixed or determinable dates that is recognized as an asset in a company’s statement of financial position. The Company’s mortgage, participation and mezzanine loans on real estate are the only financing receivables included in the Condensed Consolidated Balance Sheets. In general, the Company originates loans on high quality, income-producing properties such as shopping centers, freestanding retail stores, office buildings, storage units, industrial and sales or service facilities, selected apartment buildings, hotels, and health care facilities. The location of these properties are typically in major metropolitan areas that offer a potential for property value appreciation. Credit and default risk are minimized through strict underwriting guidelines and diversification of underlying property types and geographic locations. In addition to being secured by the property, mortgage loans with leases on the underlying property are supported by the lease payments. This approach has proven to result in quality mortgage loans with few defaults. Mortgage loan interest income is recognized on an accrual basis with any premium or discount amortized over the life of the loan. Prepayment and late fees are recorded on the date of collection. The Company targets a minimum specified yield on mortgage loan investments determined by reference to currently available debt security instrument yields plus a desired amount of incremental basis points. A low interest rate environment and a competitive marketplace, have resulted in fewer loan opportunities being available meeting the Company's required rate of return. The subsequent rapid rise in interest rate levels beginning in 2022 caused potential mortgage loan opportunities to fall outside the Company's underwriting criteria further causing a lower level of originations. Mortgage loans originated by the Company totaled $6.8 million in the nine months ended September 30, 2023 compared with $45.4 million in the nine months ended September 30, 2022 and $47.4 million in the year ended December 31, 2022. Loans in foreclosure, loans considered impaired or loans past due 90 days or more are placed on a non-accrual status. If a mortgage loan is determined to be on non-accrual status, the mortgage loan does not accrue any revenue into the Condensed Consolidated Statements of Earnings. The loan is independently monitored and evaluated as to potential impairment or foreclosure. If delinquent payments are made and the loan is brought current, then the Company returns the loan to active status and accrues income accordingly. The Company had no mortgage loans past due 90 days or more at September 30, 2023 or 2022 and as a result all interest income was recognized at September 30, 2023 and 2022. Included in the mortgage loan investment balance at September 30, 2023 and December 31, 2022 were three mortgage loan investments made by Prosperity under the funds withheld reinsurance agreement totaling $19.3 million and $19.3 million, respectively. The Company has elected fair value measurement for these mortgage loans, and similar to trading debt securities, these loans are reported at fair market values in order to allow the market value fluctuation to be recorded directly in the Condensed Consolidated Statements of Earnings and to offset the embedded derivative liability change due to market value fluctuations. The following table represents the mortgage loan portfolio by loan-to-value ratio. September 30, 2023 December 31, 2022 Amount % Amount % (In thousands) (In thousands) Mortgage Loans by Loan-to-Value Ratio (1): Less than 50% $ 114,675 23.1 $ 100,757 19.7 50% to 60% 158,291 31.9 145,093 28.4 60% to 70% 192,448 38.8 217,445 42.6 70% to 80% 30,183 6.2 47,300 9.3 Gross balance 495,597 100.0 510,595 100.0 Market value adjustment (1,242) (0.3) (1,290) (0.3) Allowance for credit losses (4,296) (0.9) (3,575) (0.7) Totals $ 490,059 98.8 $ 505,730 99.0 (1) Loan-to-Value Ratio is determined using the most recent appraised value. Appraisals are required at the time of funding and may be updated if a material change occurs from the original loan agreement. All mortgage loans, excluding mortgage loans carried at fair value, are analyzed on an ongoing basis in order to monitor the financial quality of these assets. Mortgage loans with a likelihood of becoming delinquent are identified and placed on an internal “watch list.” Among the criteria that would indicate a potential problem include: major tenant vacancies or bankruptcies, late payments, and loan relief/restructuring requests. Specific mortgage loans on the internal watch list are analyzed to determine whether an impairment has occurred on any loan that would require a write down of its carrying value in the financial statements. The Company maintains a general valuation allowance following the GAAP standard for current expected credit losses ("CECL"). The objective of the CECL model is for the reporting entity to recognize its estimate of current expected credit losses for affected financial assets in a valuation allowance deducted from the amortized cost basis of the related financial assets that results in presenting the net carrying value of financial assets at the amount expected to be collected. For mortgage loan investments the Company employs the Weighted Average Remaining Maturity ("WARM") method in estimating current expected losses with respect to mortgage loan investments. The WARM method applies publicly available data of default incidence of commercial real estate properties by several defined segmentations combined with future assumptions regarding economic conditions (i.e. GDP forecasts) both in the near term and the long term. Changes in the allowance for current expected credit losses are reported in Net investment income in the Condensed Consolidated Statements of Earnings. The following table represents the mortgage loan allowance for credit losses. Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Mortgage Loans Allowance for Credit Losses: Balance, beginning of the period $ 3,736 2,573 3,575 2,987 Provision during the period 560 1,225 721 811 Total ending allowance for credit losses $ 4,296 3,798 4,296 3,798

Fair Values of Financial Instru

Fair Values of Financial Instruments	9 Months Ended
Fair Values of Financial Instruments	Sep. 30, 2023
Fair Value Disclosures [Abstract]
FAIR VALUES OF FINANCIAL INSTRUMENTS	FAIR VALUES OF FINANCIAL INSTRUMENTS For financial instruments the FASB provides guidance which defines fair value, establishes a framework for measuring fair value under GAAP, and requires additional disclosures about fair value measurements. In compliance with this GAAP guidance, the Company has categorized its financial instruments, based on the priority of the inputs to the valuation technique, into a three level hierarchy. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities ("Level 1") and the lowest priority to unobservable inputs ("Level 3"). If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument. Financial assets and liabilities recorded at fair value on the Condensed Consolidated Balance Sheets are categorized as follows: Level 1: Fair value is based on unadjusted quoted prices in active markets that are accessible to the Company for identical assets or liabilities. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. These generally provide the most reliable evidence and are used to measure fair value whenever available. The Company's Level 1 assets are equity securities that are traded in an active exchange market. Valuations are obtained from readily available pricing sources for market transactions involving identical assets. Level 2: Fair value is based upon significant inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable for substantially the full term of the asset or liability through corroboration with observable market data as of the reporting date. Level 2 inputs include quoted market prices in active markets for similar assets and liabilities, quoted market prices in markets that are not active for identical or similar assets or liabilities, model-derived valuations whose inputs are observable or whose significant value drivers are observable and other observable inputs. The Company’s Level 2 assets include fixed maturity debt securities (corporate and private bonds, government or agency securities, asset-backed and mortgage-backed securities). The Company's Level 2 liabilities include the embedded derivative on reinsurance. Valuations are generally obtained from third party pricing services for identical or comparable assets or determined through use of valuation methodologies using observable market inputs. Level 3: Fair value is based on significant unobservable inputs which reflect the entity’s or third party pricing service’s assumptions about the assumptions market participants would use in pricing an asset or liability. The Company’s Level 3 assets include private debt securities available-for-sale, private trading securities, over-the-counter derivative contracts, mortgage loans, and market risk benefits assets. The Company’s Level 3 liabilities consist of share-based compensation obligations, certain equity-index product-related embedded derivatives, market risk benefits liabilities and an embedded derivative on reinsurance. Valuations are estimated based on non-binding broker prices or internally developed valuation models or methodologies, discounted cash flow models and other similar techniques. The following tables set forth the Company’s assets and liabilities that are measured at fair value on a recurring basis as of the date indicated. September 30, 2023 Total Level 1 Level 2 Level 3 (In thousands) Debt securities, available-for-sale $ 7,052,554 — 6,562,141 490,413 Debt securities, trading 1,000,355 — 872,462 127,893 Equity securities 21,913 18,475 3,438 — Mortgage loans 19,285 — — 19,285 Derivatives, index options 55,278 — — 55,278 Short-term investments 7,821 — 7,821 — Total assets $ 8,157,206 18,475 7,445,862 692,869 Policyholder account balances (a) $ 383,034 — — 383,034 Market risk benefits liabilities, net (b) 172,266 — — 172,266 Embedded derivative contra-liability (c) (349,275) — (338,252) (11,023) Other liabilities (d) 61,379 — — 61,379 Total liabilities $ 267,404 — (338,252) 605,656 (a) Represents the fair value of certain product-related embedded derivatives that were recorded at fair value. (b) Represents the fair value of the net market risk benefits liability which is recorded at fair value. (c) Represents the embedded derivative for funds withheld which is recorded at fair value. (d) Represents the liability for share-based compensation which is recorded at fair value. During the three and nine months ended September 30, 2023, the Company made no transfers from Level 2 to Level 3 for debt securities available-for-sale. During the nine months ended September 30, 2022, a portion of the funds withheld embedded derivative liability was reclassified from Level 2 into Level 3 due to the presence of unobservable inputs in its valuation. December 31, 2022 Total Level 1 Level 2 Level 3 (In thousands) Debt securities, available-for-sale $ 7,611,633 — 7,148,838 462,795 Debt security, trading 1,065,993 — 942,756 123,237 Equity securities 22,076 18,407 3,669 — Mortgage loans 19,334 — — 19,334 Derivatives, index options 23,669 — — 23,669 Short-term investments 3,937 — 3,937 — Total assets $ 8,746,642 18,407 8,099,200 629,035 Policyholder account balances (a) $ 387,686 — — 387,686 Market risk benefits liabilities, net (b) 167,018 — — 167,018 Embedded derivative contra-liability (c) (334,955) — (324,712) (10,243) Other liabilities (d) 20,542 — — 20,542 Total liabilities $ 240,291 — (324,712) 565,003 (a) Represents the fair value of certain product-related embedded derivatives that were recorded at fair value. (b) Represents the fair value of the net market risk benefits liability which is recorded at fair value. (c) Represents the embedded derivative for funds withheld which is recorded at fair value. (d) Represents the liability for share-based compensation which is recorded at fair value. The following tables present, by pricing source and fair value hierarchy level, the Company's assets that are measured at fair value on a recurring basis. September 30, 2023 Total Level 1 Level 2 Level 3 (In thousands) Debt securities, available-for-sale: Priced by third-party vendors $ 6,948,649 — 6,562,141 386,508 Priced internally 103,905 — — 103,905 Subtotal 7,052,554 — 6,562,141 490,413 Debt securities, trading: Priced by third-party vendors 1,000,355 — 872,462 127,893 Priced internally — — — — Subtotal 1,000,355 — 872,462 127,893 Equity securities: Priced by third-party vendors 21,913 18,475 3,438 — Priced internally — — — — Subtotal 21,913 18,475 3,438 — Mortgage loans: Priced by third-party vendors — — — — Priced internally 19,285 — — 19,285 Subtotal 19,285 — — 19,285 Derivatives, index options: Priced by third-party vendors 55,278 — — 55,278 Priced internally — — — — Subtotal 55,278 — — 55,278 Short-term Investments: Priced by third-party vendors 7,821 — 7,821 — Priced internally — — — — Subtotal 7,821 — 7,821 — Total $ 8,157,206 18,475 7,445,862 692,869 Percent of total 100.0 % 0.2 % 91.3 % 8.5 % December 31, 2022 Total Level 1 Level 2 Level 3 (In thousands) Debt securities, available-for-sale: Priced by third-party vendors $ 7,535,630 — 7,148,838 386,792 Priced internally 76,003 — — 76,003 Subtotal 7,611,633 — 7,148,838 462,795 Debt securities, trading: Priced by third-party vendors 1,065,993 — 942,756 123,237 Priced internally — — — — Subtotal 1,065,993 — 942,756 123,237 Equity securities: Priced by third-party vendors 22,076 18,407 3,669 — Priced internally — — — — Subtotal 22,076 18,407 3,669 — Mortgage loans: Priced by third-party vendors — — — — Priced internally 19,334 — — 19,334 Subtotal 19,334 — — 19,334 Derivatives, index options: Priced by third-party vendors 23,669 — — 23,669 Priced internally — — — — Subtotal 23,669 — — 23,669 Short-term investments: Priced by third-party vendors 3,937 — 3,937 — Priced internally — — — — Subtotal 3,937 — 3,937 — Total $ 8,746,642 18,407 8,099,200 629,035 Percent of total 100.0 % 0.2 % 92.6 % 7.2 % The following tables provide additional information about fair value measurements for Level 3 for which significant unobservable inputs were utilized to determine fair value. Three Months Ended September 30, 2023 Total Assets Debt Securities, Available-for-Sale Trading Securities Derivatives, Index Options Mortgage Loans Total Assets (In thousands) Beginning balance, July 1, 2023 $ 483,980 141,624 72,863 19,422 717,889 Total realized and unrealized gains (losses): Included in net earnings — (1,492) (19,809) (104) (21,405) Included in other comprehensive income (loss) (16,193) — — — (16,193) Purchases, sales, issuances and settlements, net: Purchases 28,582 2,223 14,070 — 44,875 Settlements (5,956) (14,462) (11,846) (33) (32,297) Balance at end of period September 30, 2023 $ 490,413 127,893 55,278 19,285 692,869 Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period: Net investment income $ — (1,492) (24,785) (104) (26,381) Total $ — (1,492) (24,785) (104) (26,381) Three Months Ended September 30, 2023 Total Liabilities Embedded Derivative on Funds Withheld Liability Policyholder Account Balances Other Liabilities Market Risk Benefits Liabilities, net Total Liabilities Beginning balance, July 1, 2023 $ (9,426) 430,320 50,295 208,803 679,992 Total realized and unrealized (gains) losses: Included in net earnings (1,597) (49,510) 11,068 (36,514) (76,553) Purchases, sales, issuances and settlements, net: Purchases — 14,070 — — 14,070 Issuances — — 239 (23) 216 Settlements — (11,846) (223) — (12,069) Balance at end of period September 30, 2023 $ (11,023) 383,034 61,379 172,266 605,656 Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period: Net investment income $ (1,597) — — — (1,597) Benefits and expenses — (24,785) 11,068 (36,514) (50,231) Total $ (1,597) (24,785) 11,068 (36,514) (51,828) Three Months Ended September 30, 2022 Total Assets Debt Securities, Available-for-Sale Trading Securities Derivatives, Index Options Mortgage Loans Total Assets (In thousands) Beginning balance, July 1, 2022 $ 373,957 99,769 6,071 18,738 498,535 Total realized and unrealized gains (losses): Included in net earnings — (3,102) (12,550) (551) (16,203) Included in other comprehensive income (loss) (12,642) — — — (12,642) Purchases, sales, issuances and settlements, net: Purchases 55,888 3,904 13,386 1,234 74,412 Settlements (6,656) (265) (92) (31) (7,044) Balance at end of period September 30, 2022 $ 410,547 100,306 6,815 19,390 537,058 Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period: Net investment income $ — (3,102) 6,524 (551) 2,871 Benefits and expenses — — — — — Total $ — (3,102) 6,524 (551) 2,871 Three Months Ended September 30, 2022 Total Liabilities Embedded Derivative on Funds Withheld Liability Policyholder Account Balances Other Liabilities Market Risk Benefits Liabilities Total Liabilities (In thousands) Beginning balance, July 1, 2022 $ (6,534) 382,721 9,332 176,758 562,277 Total realized and unrealized (gains) losses: Included in net earnings (3,681) (23,145) (1,319) (26,016) (54,161) Included in other comprehensive income (loss) — — — — — Purchases, sales, issuances and settlements, net: Purchases — 13,386 — — 13,386 Sales — — — — — Issuances — — 155 8 163 Settlements — (92) — — (92) Transfers into (out of) Level 3 — — — — — Balance at end of period September 30, 2022 $ (10,215) 372,870 8,168 150,750 521,573 Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period: Net investment income $ (3,681) — — — (3,681) Benefits and expenses — 6,524 (1,319) (26,016) (20,811) Total $ (3,681) 6,524 (1,319) (26,016) (24,492) Nine Months Ended September 30, 2023 Total Assets Debt Securities, Available-for-Sale Trading Securities Derivatives, Index Options Mortgage Loans Total Assets (In thousands) Beginning balance, January 1, 2023 $ 462,796 123,236 23,669 19,334 629,035 Total realized and unrealized gains (losses): Included in net earnings — (828) 4,045 48 3,265 Included in other comprehensive income (loss) (11,338) — — — (11,338) Purchases, sales, issuances and settlements, net: Purchases 64,239 30,985 39,680 — 134,904 Sales — — — — — Issuances — — — — — Settlements (25,284) (25,500) (12,116) (97) (62,997) Transfers into (out of) Level 3 — — — — — Balance at end of period September 30, 2023 $ 490,413 127,893 55,278 19,285 692,869 Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period: Net investment income $ — (828) 289 48 (491) Benefits and expenses — — — — — Total $ — (828) 289 48 (491) Nine Months Ended September 30, 2023 Total Liabilities Embedded Derivative on Funds Withheld Liability Policyholder Account Balances Other Liabilities Market Risk Benefits Liabilities Total Liabilities (In thousands) Beginning balance, January 1, 2023 $ (10,243) 387,686 20,542 167,018 565,003 Total realized and unrealized (gains) losses: Included in net earnings (780) (32,216) 43,336 5,184 15,524 Included in other comprehensive income (loss) — — — — — Purchases, sales, issuances and settlements, net: Purchases — 39,680 — — 39,680 Sales — — — — — Issuances — — 261 64 325 Settlements — (12,116) (2,760) — (14,876) Transfers into (out of) Level 3 — — — — — Balance at end of period September 30, 2023 $ (11,023) 383,034 61,379 172,266 605,656 Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period: Net investment income $ (780) — — — (780) Benefits and expenses — 289 43,336 5,184 48,809 Total $ (780) 289 43,336 5,184 48,029 Nine Months Ended September 30, 2022 Total Assets Debt Securities, Available-for-Sale Trading Securities Derivatives, Index Options Mortgage Loans Total Assets (In thousands) Beginning balance, January 1, 2022 $ 326,962 74,822 101,622 8,469 511,875 Total realized and unrealized gains (losses): Included in net earnings — (9,705) (89,173) (1,679) (100,557) Included in other comprehensive income (loss) (43,335) — — — (43,335) Purchases, sales, issuances and settlements, net: Purchases 151,872 35,454 39,642 12,693 239,661 Sales — — — — — Issuances — — — — — Settlements (24,952) (265) (45,276) (93) (70,586) Transfers into (out of) Level 3 — — — — — Balance at end of period September 30, 2022 $ 410,547 100,306 6,815 19,390 537,058 Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period: Net investment income $ — (9,705) (52,858) (1,679) (64,242) Benefits and expenses — — — — — Total $ — (9,705) (52,858) (1,679) (64,242) Nine Months Ended September 30, 2022 Total Liabilities Embedded Derivative on Funds Withheld Liability Policyholder Account Balances Other Liabilities Market Risk Benefits Liabilities Total Liabilities (In thousands) Beginning balance, January 1, 2022 $ — 550,596 7,869 299,833 858,298 Total realized and unrealized (gains) losses: Included in net earnings (11,384) (172,092) 1,192 (149,503) (331,787) Included in other comprehensive income (loss) — — — — — Purchases, sales, issuances and settlements, net: Purchases — 39,642 — — 39,642 Sales — — — — — Issuances — — 184 420 604 Settlements — (45,276) (1,077) — (46,353) Transfers into (out of) Level 3 1,169 — — — 1,169 Balance at end of period September 30, 2022 $ (10,215) 372,870 8,168 150,750 521,573 Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period: Net investment income $ (11,384) — — — (11,384) Benefits and expenses — (52,858) 1,193 (149,503) (201,168) Total $ (11,384) (52,858) 1,193 (149,503) (212,552) The following table presents the valuation method for financial assets and liabilities priced internally and categorized as level 3, as well as the unobservable inputs used in the valuation of those financial instruments: September 30, 2023 Fair Value Valuation Technique Unobservable Input Range (Weighted Average) (In thousands) Assets: Debt securities available-for-sale $ 103,905 Discounted cash flows Discount rate 3.55% - 6.14% (5.04%) Mortgage loans 19,285 Discounted cash flows Spread 175 - 325 bps Total assets $ 123,190 Liabilities: Policyholder account balances $ 383,034 Deterministic cash flow model Projected option cost 0.00% - 9.18% (3.69%) Share-based compensation 61,379 Black-Scholes model Expected term 0.2 to 0.8 years Expected volatility 40.06% Market risk benefits liabilities, net 172,266 Risk-neutral valuation Benefit utilization rates 5.00% - 20.00% (5.00%) Total liabilities $ 616,679 December 31, 2022 Fair Value Valuation Technique Unobservable Input Range (Weighted Average) (In thousands) Assets: Debt securities available-for-sale $ 76,003 Discounted cash flows Discount rate 4.32% - 7.28% (5.79%) Mortgage loans 19,334 Discounted cash flows Spread 150 - 300 bps Total assets $ 95,337 Liabilities: Policyholder account balances $ 387,686 Deterministic cash flow model Projected option cost 0.00% - 5.70% (2.92%) Share-based compensation 20,542 Black-Scholes model Expected term 0.9 to 6.7 years Expected volatility 36.18% Market risk benefits liabilities, net 167,018 Risk-neutral valuation Benefit utilization rates 5.00% - 20.00% (5.00%) Total liabilities $ 575,246 The tables above exclude certain securities for which fair values are obtained and unadjusted from third party vendors, including the funds withheld trading debt securities supporting the embedded derivative liability. Realized gains (losses) on debt securities are reported in the Condensed Consolidated Statements of Earnings as Net realized investment gains (losses) with liabilities reported as expenses. Unrealized gains (losses) on available-for-sale debt securities are reported as Other comprehensive income (loss) within the stockholders' equity section of the Condensed Consolidated Balance Sheets. Unrealized gains (losses) on trading debt securities are reported in the Condensed Consolidated Statements of Earnings as Net investment income. The fair value hierarchy classifications are reviewed each reporting period. Reclassification of certain financial assets and liabilities may result based on changes in the observability of valuation attributes. Reclassifications are reported as transfers into and out of Level 3 at the beginning fair value for the reporting period in which the changes occur. The carrying amounts and fair values of the Company's financial instruments are as follows: September 30, 2023 Fair Value Hierarchy Level Carrying Fair Level 1 Level 2 Level 3 (In thousands) ASSETS Debt securities, available-for-sale $ 7,052,554 7,052,554 — 6,562,141 490,413 Debt securities, trading 1,000,355 1,000,355 — 872,462 127,893 Cash and cash equivalents 320,740 320,740 320,740 — — Mortgage loans 490,059 434,094 — — 434,094 Real estate 27,273 47,867 — — 47,867 Policy loans 67,809 81,258 — — 81,258 Other loans 44,478 43,667 — — 43,667 Derivatives, index options 55,278 55,278 — — 55,278 Equity securities 21,913 21,913 18,475 3,438 — Short-term investments 7,821 7,821 — 7,821 — Life interest in Libbie Shearn Moody Trust 7,100 12,775 — — 12,775 Other investments 4,318 4,532 — — 4,532 LIABILITIES Deferred annuity contracts $ 5,049,868 3,626,361 — — 3,626,361 Immediate annuity and supplemental contracts 348,106 350,394 — — 350,394 Market risk benefits liabilities, net 172,266 172,266 — — 172,266 December 31, 2022 Fair Value Hierarchy Level Carrying Fair Level 1 Level 2 Level 3 (In thousands) ASSETS Debt securities, available-for-sale $ 7,611,633 7,611,633 — 7,148,837 462,796 Debt securities, trading 1,065,993 1,065,993 — 942,756 123,237 Cash and cash equivalents 295,270 295,270 295,270 — — Mortgage loans 505,730 457,873 — — 457,873 Real estate 27,712 47,867 — — 47,867 Policy loans 70,495 87,478 — — 87,478 Other loans 31,586 31,915 — — 31,915 Derivatives, index options 23,669 23,669 — — 23,669 Equity securities 22,076 22,076 18,407 3,669 — Short-term investments 3,937 3,937 — 3,937 — Life interest in Libbie Shearn Moody Trust 7,100 12,775 — — 12,775 Other investments 4,513 26,230 — — 26,230 LIABILITIES Deferred annuity contracts $ 5,583,038 3,934,517 — — 3,934,517 Immediate annuity and supplemental contracts 367,128 373,346 — — 373,346 Market risk benefits liabilities, net 167,018 167,018 — — 167,018 Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instruments. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company's entire holdings of a particular financial instrument. Because no market exists for a portion of the Company's financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

Derivatives

Derivatives	9 Months Ended
Derivatives	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVESFixed-index products provide traditional fixed annuities and universal life contracts with the option to have credited interest rates linked in part to an underlying equity index or a combination of equity indices. The equity return component of such policy contracts is identified separately and accounted for in future policy benefits as embedded derivatives on the Condensed Consolidated Balance Sheets. The remaining portions of these policy contracts are considered the host contracts and are recorded separately as fixed annuity or universal life contracts. The host contracts are accounted for under debt instrument type accounting in which future policy benefits are recorded as discounted debt instruments and accreted, using the effective yield method, to their minimum account values at their projected maturities or termination dates. The Company purchases over-the-counter index options, which are derivative financial instruments, to hedge the equity return component of its fixed-index annuity and life products. The index options act as hedges to match closely the returns on the underlying index or indices. The amounts which may be credited to policyholders are linked, in part, to the returns of the underlying index or indices. As a result, changes to policyholders' liabilities are substantially offset by changes in the value of the options. Cash is exchanged upon purchase of the index options and no principal or interest payments are made by either party during the option periods. Upon maturity or expiration of the options, cash may be paid to the Company depending on the performance of the underlying index or indices and terms of the contract. The Company does not elect hedge accounting relative to these derivative instruments. The index options are reported at fair value in the accompanying Condensed Consolidated Financial Statements. The changes in the values of the index options and the changes in the policyholder liabilities are both reflected in the Condensed Consolidated Statements of Earnings. Any changes relative to the embedded derivatives associated with policy contracts are reflected in contract interest in the Condensed Consolidated Statements of Earnings. Any gains or losses from the sale or expiration of the options, as well as period-to-period changes in values, are reflected as net investment income in the Condensed Consolidated Statements of Earnings. Although there is credit risk in the event of nonperformance by counterparties to the index options, the Company does not expect any of its counterparties to fail to meet their obligations, given their high credit ratings. In addition, credit support agreements are in place with all counterparties for option holdings in excess of specific limits, which may further reduce the Company's credit exposure. The Company maintains two coinsurance funds withheld reinsurance agreements under which identified assets with underlying unrealized gains (losses) are maintained in a funds withheld account. While the assets are withheld, the associated interest and credit risk of these assets are transferred to the reinsurer, creating an embedded derivative on reinsurance in the funds withheld liability. Accordingly, the Company is required to bifurcate the embedded derivative from the host contract in accordance with GAAP. The fair value of the embedded derivative on reinsurance is computed as the unrealized gain (loss) on the underlying funds withheld assets. This amount is included as a component of the funds withheld liability balance on the Condensed Consolidated Balance Sheets with changes in the embedded derivative on reinsurance reported in Net investment income in the Condensed Consolidated Statements of Earnings. Changes in the funds withheld liability are reported in operating activities in the Condensed Consolidated Statements of Cash Flows. The tables below present the fair value of derivative instruments as of September 30, 2023 and December 31, 2022, respectively. September 30, 2023 Asset Derivatives Liability Derivatives Balance Fair Balance Fair (In thousands) (In thousands) Derivatives not designated as hedging instruments: Equity index options Derivatives, Index Options $ 55,278 Fixed-index products Universal life and annuity contracts $ 383,034 Embedded derivative on reinsurance contract Funds withheld liability (349,275) Total $ 55,278 $ 33,759 December 31, 2022 Asset Derivatives Liability Derivatives Balance Fair Balance Fair (In thousands) (In thousands) Derivatives not designated as hedging instruments: Equity index options Derivatives, Index Options $ 23,669 Fixed-index products Universal life and annuity contracts $ 387,686 Embedded derivative on reinsurance contract Funds withheld liability (334,955) Total $ 23,669 $ 52,731 The table below presents the effect of derivative instruments in the Condensed Consolidated Statements of Earnings for the three months ended September 30, 2023 and 2022. September 30, September 30, Derivatives Not Designated Location of Gain Amount of Gain or (In thousands) Equity index options Net investment income $ (19,655) (12,550) Fixed-index products Universal life and annuity contract interest 49,355 23,145 Embedded derivative on reinsurance contract Net investment income 35,531 70,610 $ 65,231 81,205 The table below presents the effect of derivative instruments in the Condensed Consolidated Statements of Earnings for the nine months ended September 30, 2023 and 2022. September 30, September 30, Derivatives Not Designated Location of Gain Amount of Gain or (In thousands) Equity index options Net investment income $ 5,246 (89,173) Fixed-index products Universal life and annuity contract interest 31,015 172,092 Embedded derivative on reinsurance contract Net investment income 14,320 256,499 $ 50,581 339,418

Intangibles and Goodwill

Intangibles and Goodwill	9 Months Ended
Intangibles and Goodwill	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLES AND GOODWILL	INTANGIBLES AND GOODWILL Identifiable Intangible Assets The gross carrying amounts and accumulated amortization for each specifically identifiable intangible asset were as follows. September 30, 2023 December 31, 2022 Weighted-Average Amortization Period Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization (In thousands) Trademarks/trade names 15 $ 2,800 (871) 2,800 (731) Internally developed software 7 3,800 (2,533) 3,800 (2,126) Insurance licenses N/A 3,000 — 3,000 — $ 9,600 (3,404) 9,600 (2,857) The value of trademarks was estimated using the relief from royalty method, based on the assumption that in lieu of ownership, an organization would be willing to pay a royalty in order to receive the related benefits of using the brand. The value of insurance licenses was estimated using the market approach to value, based on values paid for licenses in recent shell company transactions. The value of internally developed software was estimated using the replacement cost method. Trademarks, trade names and internally developed software are amortized using a straight-line method over the estimated useful lives. These intangible assets are evaluated for impairment if indicators of impairment arise. Insurance licenses were determined to have an indefinite useful life. The Company evaluates the useful life of the insurance licenses at each reporting period to determine whether the useful life remains indefinite. As of September 30, 2023, expected amortization expense relating to purchased intangible assets for each of the next 5 years and thereafter is as follows: Expected (In thousands) Remainder of 2023 $ 182 2024 730 2025 730 2026 232 2027 187 Thereafter 1,135 Goodwill The changes in the carrying amount of goodwill were as follows: September 30, December 31, 2023 2022 (In thousands) Gross goodwill as of beginning of year $ 13,864 13,864 Goodwill resulting from business acquisition — — Gross goodwill, before impairments 13,864 13,864 Accumulated impairment as of beginning of year — — Current year impairments — — Net goodwill as of end of period $ 13,864 13,864 The Company periodically evaluates the goodwill balance for potential impairment and, as of the dates presented, determined that there was sufficient evidence to support not impairing the balance.

Subsequent Events

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On October 8, 2023, the Company entered the Merger Agreement with S. USA Life Insurance Company, Inc. ("S.USA”) and its direct wholly owned subsidiary PGH Merger Inc. (“Merger Sub”), under which, at the effective time of the merger, the Company would merge with and into Merger Sub (the “Merger”) and survive the Merger as a wholly owned subsidiary of S.USA. In the Merger, all outstanding shares of Class A Common Stock and Class B Common Stock will be converted into the right to receive $500.00 per share in cash, without interest. Including the vesting and cash settlement of all outstanding SARs, RSUs and PSUs (at target performance) at closing, the total merger consideration to be paid by S.USA would be approximately $1.9 billion. S.USA is an Arizona domiciled insurance company affiliated with Prosperity Group Holdings. The closing of the Merger is subject to approval by the holders of a majority of the outstanding shares of Class A Common Stock and Class B Common stock, voting together as a single class, antitrust clearance, regulatory approvals and other customary closing conditions. The Merger is currently expected to close in the first half of 2024. Other subsequent events have been evaluated through the date of filing and no other reportable items were identified.

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	9 Months Ended
New Accounting Pronouncements (Policies)	Sep. 30, 2023
Accounting Policies [Abstract]
New Accounting Pronouncements	NEW ACCOUNTING PRONOUNCEMENTS Recent accounting pronouncements not yet adopted None noted. Accounting pronouncements adopted Targeted Improvements to the Accounting for Long-Duration Contracts In August 2018, the FASB issued ASU 2018-12 Financial Services-Insurance (Topic 944) - Targeted Improvements to the Accounting for Long-Duration Contracts ("LDTI" or "ASU 2018-12"). This update pertains to long-duration contracts and improving the timeliness of recognizing changes in the liability for future policy benefits, simplifying accounting for certain market-based options, simplifying the amortization of deferred policy acquisition costs, and improving the effectiveness of required disclosures. Amendments include the following: A. Require an insurance entity to (1) review and update assumptions used to measure cash flows at least annually (with changes recognized in net income) and (2) update discount rate assumptions at each quarterly reporting date with the impact recognized in Other comprehensive income ("OCI"). B. Require an insurance entity to measure all market risk benefits, which are contracts or contract features that provide protection to the policyholder from capital market risk, associated with deposit (i.e. account balance) contracts at fair value. The periodic change in fair value attributable to change in instrument-specific credit risk is recognized in OCI. C. Simplify amortization of deferred policy acquisition costs and other balances amortized in proportion to premiums, gross profits, or gross margins and require those balances be amortized on a constant basis over the expected term of the related contracts. Deferred policy acquisition costs are required to be written off for unexpected contract terminations but are not subject to impairment testing. D. Require an insurance entity to add disclosures of disaggregated rollforwards of significant insurance liabilities and other account balances (i.e. beginning to ending balances of the liability for future policy benefits, policyholder account balances, market risk benefits, separate account liabilities, and deferred acquisition costs). The insurance entity must also disclose information about significant inputs, judgments, assumptions, and methods used in measurement, including changes in those inputs, judgments, and assumptions, and the effect of those changes on measurement. In November 2020, the FASB released ASU 2020-11 Financial Services – Insurance (Topic 944) . The amendments in this update deferred the effective date of adoption of ASU 2018-12 for all entities by one year. In particular, for publicly traded business entities, adoption of LDTI was made effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. On January 1, 2023, the Company adopted the requirements of the new standard, using the modified retrospective approach for market risk benefits, the liability for future policy benefits, and deferred policy acquisition costs and related balances, such that those balances were adjusted to conform to ASU 2018-12 as of January 1, 2021, the transition date. A table presenting the change in Value of business acquired (VOBA) between December 31, 2020 and January 1, 2021 for the adoption of ASU 2018-12 is not included as VOBA is not impacted by shadow balance accounting. However, the method of recognizing amortization expense of VOBA in the Condensed Consolidated Statements of Earnings subsequent to January 1, 2021 has changed consistent with the method of determining amortization expense for DPAC and DSI balances. Refer to Note (5) Deferred Transaction Costs for further information concerning amortization of Deferred Transaction Costs balances effected by the adoption of ASU 2018-12. The net transition adjustment for the Liability for future policy benefits is due to the difference in the discount rate used previously and the discount rate used for the adoption of ASU 2018-12 at January 1, 2021. The transition adjustment for DPAC and DSI removed the shadow adjustments pertaining to unrealized investment gains/(losses) previously required to be allocated from Accumulated Other Comprehensive Income (Loss). The transition adjustment for Market risk benefits is the difference between reporting certain contracts and contract features at fair value under ASU 2018-12 as opposed to the carrying amount previously required under GAAP. Prior to the adoption of ASU 2018-12, VOBA and Cost of Reinsurance (COR) balances were amortized consistent with the methodologies employed for amortizing DPAC and DSI balances. Although not otherwise impacted by ASU 2018-12, the Company elected to continue using the amortization method consistent with that used for amortizing DPAC and DSI balances after the adoption of the new accounting standard. VOBA and COR balances did not have shadow accounting requirements under GAAP prior to the adoption of ASU 2018-12 and consequently did not have a transition adjustment. Other Accounting Pronouncements In March 2022, the FASB released ASU 2022-02 Financial Instruments – Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures. The amendments in this Update eliminate the accounting guidance for troubled-debt restructurings by creditors in Subtopic 310-40, Receivables - Troubled Debt Restructurings by Creditors, but enhances disclosure requirements for certain loan modifications in which the debtor is experiencing financial difficulties. Additionally, the amendments in this Update require public business entities to disclose current-period gross write offs by year of origination for financing receivables and net investment in leases within the scope of Subtopic 326-20, Financial Instruments - Credit Losses - Measured at Amortized Cost. The updates are required to be applied prospectively beginning in fiscal years after December 15, 2022, including interim periods within those fiscal years. The Company elected to adopt the requirements of this update in its Consolidated Financial Statements for the year ended December 31, 2022. The adoption of this ASU did not have a material impact on the results of operations or financial position of the Company. Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the SEC did not, or are not believed by management to, have a material impact on the Company’s present or future Consolidated Financial Statements.
Fair Value of Financial Instruments	FAIR VALUES OF FINANCIAL INSTRUMENTS For financial instruments the FASB provides guidance which defines fair value, establishes a framework for measuring fair value under GAAP, and requires additional disclosures about fair value measurements. In compliance with this GAAP guidance, the Company has categorized its financial instruments, based on the priority of the inputs to the valuation technique, into a three level hierarchy. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities ("Level 1") and the lowest priority to unobservable inputs ("Level 3"). If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument. Financial assets and liabilities recorded at fair value on the Condensed Consolidated Balance Sheets are categorized as follows: Level 1: Fair value is based on unadjusted quoted prices in active markets that are accessible to the Company for identical assets or liabilities. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. These generally provide the most reliable evidence and are used to measure fair value whenever available. The Company's Level 1 assets are equity securities that are traded in an active exchange market. Valuations are obtained from readily available pricing sources for market transactions involving identical assets. Level 2: Fair value is based upon significant inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable for substantially the full term of the asset or liability through corroboration with observable market data as of the reporting date. Level 2 inputs include quoted market prices in active markets for similar assets and liabilities, quoted market prices in markets that are not active for identical or similar assets or liabilities, model-derived valuations whose inputs are observable or whose significant value drivers are observable and other observable inputs. The Company’s Level 2 assets include fixed maturity debt securities (corporate and private bonds, government or agency securities, asset-backed and mortgage-backed securities). The Company's Level 2 liabilities include the embedded derivative on reinsurance. Valuations are generally obtained from third party pricing services for identical or comparable assets or determined through use of valuation methodologies using observable market inputs. Level 3: Fair value is based on significant unobservable inputs which reflect the entity’s or third party pricing service’s assumptions about the assumptions market participants would use in pricing an asset or liability. The Company’s Level 3 assets include private debt securities available-for-sale, private trading securities, over-the-counter derivative contracts, mortgage loans, and market risk benefits assets. The Company’s Level 3 liabilities consist of share-based compensation obligations, certain equity-index product-related embedded derivatives, market risk benefits liabilities and an embedded derivative on reinsurance. Valuations are estimated based on non-binding broker prices or internally developed valuation models or methodologies, discounted cash flow models and other similar techniques.

Consolidation and Basis of Pr_2

Consolidation and Basis of Presentation (Tables)	9 Months Ended
Consolidation and Basis of Presentation (Tables)	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of the Unrealized Gains and Losses on Available-for-Sale Securities that were Reclassified Out of Accumulated Other Comprehensive Income (Loss)	The table below shows the net unrealized gains and losses on available-for-sale securities that were reclassified out of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2023 and September 30, 2022. Affected Line Item in the Condensed Consolidated Statements of Earnings Amount Reclassified From Accumulated Other Comprehensive Income (Loss) Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Other net investment gains $ 231 (163) 344 5,061 Earnings before Federal income taxes 231 (163) 344 5,061 Federal income taxes 48 (34) 72 1,063 Net earnings $ 183 (129) 272 3,998
Effect of Adoption of Guidance Under ASU 2018-12	The following tables present amounts as previously reported, the effect of adoption of the guidance under ASU 2018-12, and the resulting adjusted amounts reported in interim Condensed Consolidated Financial Statements included herein. The tables include only those line items impacted by restatement. Restated Lines of Condensed Consolidated Balance Sheet: December 31, 2022 As previously Reported Effect of Change As Currently Reported (In thousands) Assets: Deferred policy acquisition costs $ 909,786 (245,904) 663,882 Deferred sales inducements 114,399 (29,096) 85,303 Value of business acquired 146,494 (7,999) 138,495 Market risk benefits asset — 48,759 48,759 Deferred federal income tax asset 57,867 (48,835) 9,032 Amounts recoverable from reinsurer, net of allowance for credit losses 1,723,347 (34,559) 1,688,788 Other assets 110,339 352 110,691 Total Assets 13,100,227 (317,282) 12,782,945 Liabilities: Future policy benefits: Universal life and annuity contracts 8,498,684 (8,498,684) — Traditional life reserves 919,650 (919,650) — Liability for policyholder account balances — 7,661,785 7,661,785 Additional liability for benefits in excess of account balance — 148,708 148,708 Liability for future policy benefits — 900,146 900,146 Market risk benefits liability — 215,777 215,777 Other liabilities 166,557 (9,075) 157,482 Total liabilities 11,093,016 (500,993) 10,592,023 Stockholders' Equity: Accumulated other comprehensive income (loss) (416,397) (61,822) (478,219) Retained earnings 2,381,856 245,533 2,627,389 Total stockholders' equity 2,007,211 183,711 2,190,922 Total liabilities and stockholders' equity 13,100,227 (317,282) 12,782,945 Interim Condensed Consolidated Statements of Earnings: Three Months Ended September 30, 2022 As previously Reported Effect of Change As Currently Reported (In thousands, except per share amounts) Premiums and other revenues: Universal life and annuity contract charges $ 36,063 (2,253) 33,810 Traditional life and SPIAWLC premiums 21,639 698 22,337 Other revenues 5,922 (161) 5,761 Total Revenues 143,873 (1,716) 142,157 Benefits and Expenses: Life and other policy benefits 37,356 (9,588) 27,768 Remeasurement gain/loss — 9,827 9,827 Market risk benefits expense — (33,571) (33,571) Amortization of deferred transaction costs 31,679 (10,066) 21,613 Universal life and annuity contract interest 17,548 24,687 42,235 Total benefit and expenses 115,970 (18,711) 97,259 Federal income taxes 6,142 3,568 9,710 Net earnings 21,761 13,427 35,188 Basic earnings per share: Class A (Note 4) 6.15 3.80 9.95 Class B (Note 4) 3.08 1.90 4.98 Diluted earnings per share: Class A (Note 4) 6.15 3.80 9.95 Class B (Note 4) 3.08 1.90 4.98 Nine Months Ended September 30, 2022 As previously Reported Effect of Change As Currently Reported (In thousands, except per share amounts) Premiums and other revenues: Universal life and annuity contract charges $ 101,406 (1,978) 99,428 Traditional life and SPIAWLC premiums 65,619 5,500 71,119 Other revenues 17,297 (161) 17,136 Total Revenues 395,329 3,361 398,690 Benefits and Expenses: Life and other policy benefits 114,432 (26,951) 87,481 Remeasurement gain/loss — 9,827 9,827 Market risk benefits expense — (150,069) (150,069) Amortization of deferred transaction costs 88,451 (20,902) 67,549 Universal life and annuity contract interest (11,058) 13,524 2,466 Total benefit and expenses 284,115 (174,571) 109,544 Federal income taxes 22,504 37,365 59,869 Net earnings 88,710 140,567 229,277 Basic earnings per share: Class A (Note 4) 25.09 39.75 64.84 Class B (Note 4) 12.54 19.88 32.42 Diluted earnings per share: Class A (Note 4) 25.09 39.75 64.84 Class B (Note 4) 12.54 19.88 32.42 Interim Condensed Consolidated Statement of Changes in Stockholders' Equity: Three Months Ended September 30, 2022 As previously Reported Effect of Change As Currently Reported (In thousands) Retained Earnings: Balance at June 30, 2022 $ 2,348,935 227,306 2,576,241 Net earnings 21,761 13,427 35,188 Balance at September 30, 2022 2,370,696 240,733 2,611,429 Balance at December 31, 2022 2,381,856 245,533 2,627,389 Accumulated Other Comprehensive Income (Loss): Unrealized gains (losses) on non-impaired securities: Balance at June 30, 2022 (287,430) (156,779) (444,209) Other comprehensive income (loss), net of income tax (181,077) (106,132) (287,209) Balance at September 30, 2022 (468,507) (262,911) (731,418) Balance at December 31, 2022 (419,965) (233,466) (653,431) Change in LFPB due to discount rate changes: Balance at June 30, 2022 — 96,167 96,167 Impact of discount rate changes during the period — 51,262 51,262 Balance at September 30, 2022 — 147,429 147,429 Balance at December 31, 2022 — 170,701 170,701 Foreign currency translation adjustments: Balance at June 30, 2022 5,391 932 6,323 Change in translation adjustments during period 48 3 51 Balance at September 30, 2022 5,439 935 6,374 Balance at December 31, 2022 5,507 943 6,450 Total Accumulated Other Comprehensive Income (Loss): Balance at June 30, 2022 (295,138) (59,680) (354,818) Change during period (179,894) (54,867) (234,761) Balance at September 30, 2022 (475,032) (114,547) (589,579) Balance at December 31, 2022 (416,397) (61,822) (478,219) Total stockholders' equity: Balance at June 30, 2022 2,095,549 167,626 2,263,175 Balance at September 30, 2022 1,937,416 126,186 2,063,602 Balance at December 31, 2022 2,007,211 183,711 2,190,922 Nine Months Ended September 30, 2022 As previously Reported Effect of Change As Currently Reported (In thousands) Retained Earnings: Balance at December 31, 2021 $ 2,281,986 100,166 2,382,152 Net earnings 88,710 140,567 229,277 Balance at September 30, 2022 2,370,696 240,733 2,611,429 Balance at December 31, 2022 2,381,856 245,533 2,627,389 Accumulated Other Comprehensive Income (Loss): Unrealized gains (losses) on non-impaired securities: Balance at December 31, 2021 226,220 140,889 367,109 Other comprehensive income (loss), net of income tax (694,727) (403,800) (1,098,527) Balance at September 30, 2022 (468,507) (262,911) (731,418) Balance at December 31, 2022 (419,965) (233,466) (653,431) Change in LFPB due to discount rate changes: Balance at December 31, 2021 — (60,121) (60,121) Impact of discount rate changes during the period — 207,550 207,550 Balance at September 30, 2022 — 147,429 147,429 Balance at December 31, 2022 — 170,701 170,701 Foreign currency translation adjustments: Balance at December 31, 2021 5,100 928 6,028 Change in translation adjustments during period 339 7 346 Balance at September 30, 2022 5,439 935 6,374 Balance at December 31, 2022 5,507 943 6,450 Total Accumulated Other Comprehensive Income (Loss): Balance at December 31, 2021 215,953 81,696 297,649 Change during period (690,985) (196,243) (887,228) Balance at September 30, 2022 (475,032) (114,547) (589,579) Balance at December 31, 2022 (416,397) (61,822) (478,219) Total stockholders' equity: Balance at December 31, 2021 2,539,691 181,862 2,721,553 Balance at September 30, 2022 1,937,416 126,186 2,063,602 Balance at December 31, 2022 2,007,211 183,711 2,190,922 Interim Condensed Consolidated Statement of Cash Flows: Nine Months Ended September 30, 2022 As previously Reported Effect of Change As Currently Reported (In thousands) Cash flows from operating activities: Net earnings $ 88,710 140,567 229,277 Adjustments to reconcile net earnings to net cash from operating activities: Universal life and annuity contract interest (11,058) 13,524 2,466 (Increase) decrease in deferred policy acquisition and sales inducement costs, and value of business acquired 47,694 (23,396) 24,298 (Increase) decrease in reinsurance recoverable 81,454 61,012 142,466 (Increase) decrease in other assets (333) 22 (311) Increase (decrease) in liabilities for future policy benefits 93,088 (83,024) 10,064 Increase (decrease) in market risk benefits liability — (149,083) (149,083) Increase (decrease) in deferred Federal income tax 15,658 37,365 53,023 Increase (decrease) in other liabilities (15,347) 159 (15,188) Net cash provided by (used in) operating activities 234,590 (2,854) 231,736 Cash flows from financing activities: Deposits to account balances for universal life and annuity contracts 258,248 (5,375) 252,873 Return of account balances on universal life and annuity contracts (637,119) 8,219 (628,900) Net cash provided by (used in) financing activities (379,125) 2,844 (376,281) Effect of foreign exchange 429 10 439 The following table summarizes the restated Deferred policy acquisition costs ("DPAC") and Deferred sales inducements ("DSI") balances as of the transition date, January 1, 2021, due to the adoption of ASU 2018-12. Domestic Traditional Life Domestic Universal Life International Traditional Life International Universal Life Annuities excl. SPIAs WLC ONL & Affiliates (In thousands) Deferred policy acquisition costs: Balance, December 31, 2020 $ 4,014 96,513 13,399 157,186 103,179 7,789 Removal of shadow balances in Accumulated other comprehensive income (loss) — 47,620 — 27,076 239,099 — Adjusted balance, January 1, 2021 $ 4,014 144,133 13,399 184,262 342,278 7,789 Domestic Traditional Life Domestic Universal Life International Traditional Life International Universal Life Annuities excl. SPIAs WLC ONL & Affiliates (In thousands) Deferred sales inducements: Balance, December 31, 2020 $ — — — — 43,845 — Removal of shadow balances in Accumulated other comprehensive income (loss) — — — — 52,533 — Adjusted balance, January 1, 2021 $ — — — — 96,378 — The following table summarizes restated DPAC and DSI balances by product line in the Consolidated Balance Sheet as of January 1, 2021. DPAC Balances DSI Balances (In thousands) Domestic traditional life $ 4,014 — Domestic universal life 144,133 — International traditional life 13,399 — International universal life 184,262 — Annuities, excluding SPIAs with life contingencies 342,278 96,378 ONL & Affiliates 7,789 — Balance Sheet balance as of January 1, 2021 $ 695,875 96,378 The following table summarizes the restated Liability for policyholder account balances as of January 1, 2021 for the adoption of ASU 2018-12. Domestic Universal Life International Universal Life Annuities excl. SPIAs WLC (In thousands) Universal life and annuity contracts balance, December 31, 2020 $ 1,267,764 740,839 7,026,713 Transfer of balances to Additional liabilities in excess of account balance (45,136) (63,046) (11,192) Transfer of balances to Liability for future policy benefits 66 107 (200,894) Transfer of balances to Market risk benefits — — (205,611) Change in embedded derivative on reserves — — (131,573) Liability for policyholder account balances, January 1, 2021 1,222,694 677,900 6,477,443 Less reinsurance recoverable — — (1,677,898) Adjusted balance, January 1, 2021, net of reinsurance $ 1,222,694 677,900 4,799,545 The following table summarizes the Additional liability in excess of account balances as of January 1, 2021 for the adoption of ASU 2018-12. Domestic Universal Life International Universal Life Annuities excl. SPIAs WLC (In thousands) Balance, December 31, 2020 $ — — — Transfer of balances from universal life ("UL") and annuity contracts 45,136 63,046 11,192 Adjusted balance, January 1, 2021 45,136 63,046 11,192 Less reinsurance recoverable — — (11,192) Adjusted balance, January 1, 2021, net of reinsurance $ 45,136 63,046 — The following table summarizes the restated Liability for future policy benefits balance as of January 1, 2021 for the adoption of ASU 2018-12. Domestic Traditional Life International Traditional Life SPIAs With Life Contingencies ONL & Affiliates (In thousands) Traditional life reserve balance, December 31, 2020 $ 56,894 70,426 2,350 768,433 Transfer of balances from UL and annuity contracts (66) (107) 200,894 — Change in discount rate assumptions 36,479 26,131 37,390 86,016 Change in cash flow assumptions, effect of net premiums exceeding gross premiums 7,937 — — — Change in cash flow assumptions, effect of decrease (increase) of the deferred profit liability — — (3,160) — Other Adjustments 1,163 (1,048) 653 12,403 Adjustment for removal of related balances in accumulated other comprehensive income — — — — Liability for future policy benefit balance, January 1, 2021 102,407 95,402 238,127 866,852 Less reinsurance recoverable (13,680) (607) (238,127) (33,731) Adjusted balance, January 1, 2021, net of reinsurance $ 88,727 94,795 — 833,121 The following table summarizes the Market risk benefits liability balance as of January 1, 2021 for the adoption of ASU 2018-12. (In thousands) Balance, December 31, 2020 $ — Transfer of balances from UL and annuity contracts 205,611 Adjustment for the difference between carrying amount and fair value, except for the difference due to instrument-specific credit risk 95,990 Adjustment for the cumulative effect of changes in the instrument-specific credit risk — Total adjustment for the difference between carrying amount and fair value 95,990 Adjusted balance, January 1, 2021 301,601 Less reinsurance recoverable (73,651) Adjusted balance, January 1, 2021, net of reinsurance $ 227,950 The following table summarizes restated Future policyholder obligations liability and the Market risk benefits liability balances in the Consolidated Balance Sheet as of January 1, 2021. Policyholder Account Balances Additional Liability for Benefits Liability for Future Policy Benefits Market Risk Benefits Liability (In thousands) Domestic traditional life $ — — 102,407 — Domestic universal life 1,222,694 45,136 — — International traditional life — — 95,402 — International universal life 677,900 63,046 — — SPIAs with life contingencies — — 238,127 — Annuities, excluding SPIAs with life contingencies 6,477,443 11,192 — 301,601 ONL & Affiliates — — 866,852 — Balance Sheet balances as of January 1, 2021 $ 8,378,037 119,374 1,302,788 301,601 The following table presents the effect of the transition adjustment, net of foreign exchange and deferred tax adjustments, on total equity for the adoption of ASU 2018-12 as of January 1, 2021. January 1, 2021 Retained Earnings Accumulated Other Comprehensive Income Total (In thousands) Liability for future policy benefits $ (9,650) (112,734) (122,384) Liability for policyholder account balances 303,503 — 303,503 Additional liability for excess death/annuitization benefits (85,463) — (85,463) Deferred policy acquisition costs — 247,897 247,897 Deferred sales inducements — 41,501 41,501 Market risk benefits (180,080) — (180,080) Total $ 28,310 176,664 204,974 The following tables summarize restated DPAC, DSI, and VOBA balances as of December 31, 2021 and the changes in these balances subsequent to the January 1, 2021 transition date. The balances as of December 31, 2021 establish the beginning balances for reporting the results for the nine months ended September 30, 2022. Domestic Traditional Life Domestic Universal Life International Traditional Life International Universal Life Annuities excl. SPIAs WLC ONL & Affiliates (In thousands) Deferred Policy Acquisition Costs: Adjusted balance, January 1, 2021 $ 4,014 144,133 13,399 184,262 342,278 7,789 Capitalization additions 19 33,447 — 1,072 38,836 4,176 Amortization (585) (9,265) (984) (17,666) (40,187) (676) Experience adjustment — (567) — (112) 970 — Adjusted balance, December 31, 2021 $ 3,448 167,748 12,415 167,556 341,897 11,289 Domestic Traditional Life Domestic Universal Life International Traditional Life International Universal Life Annuities excl. SPIAs WLC ONL & Affiliates (In thousands) Deferred Sales Inducements: Adjusted balance, January 1, 2021 $ — — — — 96,378 — Capitalization additions — — — — 18,117 — Amortization — — — — (11,775) — Experience adjustment — — — — 256 — Adjusted balance, December 31, 2021 $ — — — — 102,976 — ONL & Affiliates (In thousands) Value of Business Acquired: Balance, January 1, 2021 $ 162,968 Capitalization additions — Amortization (13,560) Experience adjustment — Balance, December 31, 2021 $ 149,408 The following table summarizes restated DPAC, DSI, and VOBA balances in the Consolidated Balance Sheet as of December 31, 2021. DPAC DSI VOBA (In thousands) Domestic traditional life $ 3,448 — — Domestic universal life 167,748 — — International traditional life 12,415 — — International universal life 167,556 — — SPIAs with life contingencies — — — Annuities, excluding SPIAs with life contingencies 341,897 102,976 — ONL & Affiliates 11,289 — 149,408 Balance Sheet balances as of December 31, 2021 $ 704,353 102,976 149,408 The following table summarizes the restated Liability for policyholder account balances as of December 31, 2021 and the changes in this balance subsequent to the January 1, 2021 transition date. The balance as of December 31, 2021 establishes the beginning balance for reporting the results for the nine months ended September 30, 2022. Domestic Universal Life International Universal Life Annuities excl. SPIAs WLC (In thousands) Adjusted balance, January 1, 2021 $ 1,222,694 677,900 6,477,443 Issuances — — — Premiums received 225,349 46,147 430,846 Policy charges (76,147) (68,800) (28,643) Surrenders and withdrawals (47,483) (47,644) (580,269) Benefit payments (25,418) (2,040) (207,302) Interest credited 89,508 36,902 155,783 Other 23,555 5,121 (86,558) Adjusted balance, December 31, 2021 1,412,058 647,586 6,161,300 Less reinsurance recoverable — — (1,458,076) Adjusted balance, December 31, 2021 net of reinsurance $ 1,412,058 647,586 4,703,224 The following table summarizes the restated Additional liability in excess of account balances as of December 31, 2021 and the changes in this balance subsequent to the January 1, 2021 transition date. The balance as of December 31, 2021 establishes the beginning balance for reporting the results for the nine months ended September 30, 2022. Domestic Universal Life International Universal Life Annuities excl. SPIAs WLC (In thousands) Adjusted balance, January 1, 2021 net of reinsurance $ 45,136 63,046 — Beginning balance before shadow reserve adjustments 45,136 63,046 11,192 Effect of changes in cash flow ("CF") assumptions 7,061 (14,524) — Effect of actual variances from expected experience — — 1,512 Adjusted beginning of year balance: 52,197 48,522 12,704 Issuances — — — Interest accrual 4,767 3,264 459 Assessments collected 14,775 8,304 749 Benefit payments (17,687) (10,565) (1,198) Derecognition (lapses and withdrawals) 45 (1,189) 4 Ending balance before shadow reserve adjustments 54,097 48,336 12,718 Effect of shadow reserve adjustments — — — Adjusted balance, December 31, 2021 54,097 48,336 12,718 Less: Reinsurance recoverable — — (12,718) Adjusted balance, December 31, 2021 net of reinsurance $ 54,097 48,336 — The following table summarizes the restated Liability for future policy benefits balance as of December 31, 2021 and the changes in this balance subsequent to the January 1, 2021 transition date. The balance as of December 31, 2021 establishes the beginning balance for reporting the results for the nine months ended September 30, 2022. Domestic Traditional Life International Traditional Life SPIAs With Life Contingencies ONL & Affiliates (In thousands) Adjusted balance, January 1, 2021 $ 102,407 95,402 238,127 866,852 Beginning balance at original discount rate 65,928 69,270 200,737 780,836 Effect of changes in CF assumptions — — (316) — Effect of actual variances from expected experience (525) (252) 5,724 114 Adjusted beginning of year balance: 65,403 69,018 206,145 780,950 Issuances — — 39,338 227 Interest accrual 4,058 4,391 7,076 23,801 Net premium collected 16 5,602 — 35,640 Benefit payments (6,538) (17,221) (22,173) (56,616) Derecognition (lapses and withdrawals) — — (6,840) — Other 597 2,608 358 (770) Ending balance at original discount rate 63,536 64,398 223,904 783,232 Effect of changes in discount rate 26,933 17,186 20,646 34,913 Adjusted balance, December 31, 2021 90,469 81,584 244,550 818,145 Less reinsurance recoverable (13,841) (578) (211,912) (31,476) Adjusted balance, December 31, 2021 net of reinsurance $ 76,628 81,006 32,638 786,669 The following table summarizes the net Market risk benefit liability balance as of December 31, 2021 and the changes in this net balance subsequent to the January 1, 2021 transition date. The net balance as of December 31, 2021 establishes the beginning net balance for reporting the results for the nine months ended September 30, 2022. (In thousands) Adjusted balance, January 1, 2021 $ 301,601 Balance, beginning of year, before effect of changes in instrument-specific credit risk: 301,601 Issuances 3,184 Interest accrual — Attributed fees collected 38,182 Benefit payments — Effect of changes in interest rates (36,112) Effect of changes in equity markets — Effect of changes in equity index volatility — Actual policyholder behavior different from expected behavior (7,022) Effect of changes in future expected policyholder behavior — Effect of changes in other future expected assumptions — Balance, end of year, before effect of changes in instrument-specific credit risk 299,833 Effect of changes in the instrument-specific credit risk — Adjusted balance, December 31, 2021 299,833 Less reinsurance recoverable, end of year (68,238) Adjusted balance, December 31, 2021 net of reinsurance $ 231,595 The following table summarizes restated Future policyholder obligations liability and the Market risk benefits liability balances in the Consolidated Balance Sheets as of December 31, 2021. Policyholder Account Balances Additional Liability for Benefits Liability for Future Policy Benefits Market Risk Benefits Liability (In thousands) Domestic traditional life $ — — 90,469 — Domestic universal life 1,412,058 54,097 — — International traditional life — — 81,584 — International universal life 647,586 48,336 — — SPIAs with life contingencies — — 244,550 — Annuities, excl. SPIAs with life contingencies 6,161,300 12,718 — 299,833 ONL & Affiliates — — 818,145 — Balances as of December 31, 2021 $ 8,220,944 115,151 1,234,748 299,833

New Accounting Pronouncements_2

New Accounting Pronouncements (Tables)	9 Months Ended
New Accounting Pronouncements (Tables)	Sep. 30, 2023
Accounting Policies [Abstract]
Accounting Standards Update and Change in Accounting Principle	The following tables present amounts as previously reported, the effect of adoption of the guidance under ASU 2018-12, and the resulting adjusted amounts reported in interim Condensed Consolidated Financial Statements included herein. The tables include only those line items impacted by restatement. Restated Lines of Condensed Consolidated Balance Sheet: December 31, 2022 As previously Reported Effect of Change As Currently Reported (In thousands) Assets: Deferred policy acquisition costs $ 909,786 (245,904) 663,882 Deferred sales inducements 114,399 (29,096) 85,303 Value of business acquired 146,494 (7,999) 138,495 Market risk benefits asset — 48,759 48,759 Deferred federal income tax asset 57,867 (48,835) 9,032 Amounts recoverable from reinsurer, net of allowance for credit losses 1,723,347 (34,559) 1,688,788 Other assets 110,339 352 110,691 Total Assets 13,100,227 (317,282) 12,782,945 Liabilities: Future policy benefits: Universal life and annuity contracts 8,498,684 (8,498,684) — Traditional life reserves 919,650 (919,650) — Liability for policyholder account balances — 7,661,785 7,661,785 Additional liability for benefits in excess of account balance — 148,708 148,708 Liability for future policy benefits — 900,146 900,146 Market risk benefits liability — 215,777 215,777 Other liabilities 166,557 (9,075) 157,482 Total liabilities 11,093,016 (500,993) 10,592,023 Stockholders' Equity: Accumulated other comprehensive income (loss) (416,397) (61,822) (478,219) Retained earnings 2,381,856 245,533 2,627,389 Total stockholders' equity 2,007,211 183,711 2,190,922 Total liabilities and stockholders' equity 13,100,227 (317,282) 12,782,945 Interim Condensed Consolidated Statements of Earnings: Three Months Ended September 30, 2022 As previously Reported Effect of Change As Currently Reported (In thousands, except per share amounts) Premiums and other revenues: Universal life and annuity contract charges $ 36,063 (2,253) 33,810 Traditional life and SPIAWLC premiums 21,639 698 22,337 Other revenues 5,922 (161) 5,761 Total Revenues 143,873 (1,716) 142,157 Benefits and Expenses: Life and other policy benefits 37,356 (9,588) 27,768 Remeasurement gain/loss — 9,827 9,827 Market risk benefits expense — (33,571) (33,571) Amortization of deferred transaction costs 31,679 (10,066) 21,613 Universal life and annuity contract interest 17,548 24,687 42,235 Total benefit and expenses 115,970 (18,711) 97,259 Federal income taxes 6,142 3,568 9,710 Net earnings 21,761 13,427 35,188 Basic earnings per share: Class A (Note 4) 6.15 3.80 9.95 Class B (Note 4) 3.08 1.90 4.98 Diluted earnings per share: Class A (Note 4) 6.15 3.80 9.95 Class B (Note 4) 3.08 1.90 4.98 Nine Months Ended September 30, 2022 As previously Reported Effect of Change As Currently Reported (In thousands, except per share amounts) Premiums and other revenues: Universal life and annuity contract charges $ 101,406 (1,978) 99,428 Traditional life and SPIAWLC premiums 65,619 5,500 71,119 Other revenues 17,297 (161) 17,136 Total Revenues 395,329 3,361 398,690 Benefits and Expenses: Life and other policy benefits 114,432 (26,951) 87,481 Remeasurement gain/loss — 9,827 9,827 Market risk benefits expense — (150,069) (150,069) Amortization of deferred transaction costs 88,451 (20,902) 67,549 Universal life and annuity contract interest (11,058) 13,524 2,466 Total benefit and expenses 284,115 (174,571) 109,544 Federal income taxes 22,504 37,365 59,869 Net earnings 88,710 140,567 229,277 Basic earnings per share: Class A (Note 4) 25.09 39.75 64.84 Class B (Note 4) 12.54 19.88 32.42 Diluted earnings per share: Class A (Note 4) 25.09 39.75 64.84 Class B (Note 4) 12.54 19.88 32.42 Interim Condensed Consolidated Statement of Changes in Stockholders' Equity: Three Months Ended September 30, 2022 As previously Reported Effect of Change As Currently Reported (In thousands) Retained Earnings: Balance at June 30, 2022 $ 2,348,935 227,306 2,576,241 Net earnings 21,761 13,427 35,188 Balance at September 30, 2022 2,370,696 240,733 2,611,429 Balance at December 31, 2022 2,381,856 245,533 2,627,389 Accumulated Other Comprehensive Income (Loss): Unrealized gains (losses) on non-impaired securities: Balance at June 30, 2022 (287,430) (156,779) (444,209) Other comprehensive income (loss), net of income tax (181,077) (106,132) (287,209) Balance at September 30, 2022 (468,507) (262,911) (731,418) Balance at December 31, 2022 (419,965) (233,466) (653,431) Change in LFPB due to discount rate changes: Balance at June 30, 2022 — 96,167 96,167 Impact of discount rate changes during the period — 51,262 51,262 Balance at September 30, 2022 — 147,429 147,429 Balance at December 31, 2022 — 170,701 170,701 Foreign currency translation adjustments: Balance at June 30, 2022 5,391 932 6,323 Change in translation adjustments during period 48 3 51 Balance at September 30, 2022 5,439 935 6,374 Balance at December 31, 2022 5,507 943 6,450 Total Accumulated Other Comprehensive Income (Loss): Balance at June 30, 2022 (295,138) (59,680) (354,818) Change during period (179,894) (54,867) (234,761) Balance at September 30, 2022 (475,032) (114,547) (589,579) Balance at December 31, 2022 (416,397) (61,822) (478,219) Total stockholders' equity: Balance at June 30, 2022 2,095,549 167,626 2,263,175 Balance at September 30, 2022 1,937,416 126,186 2,063,602 Balance at December 31, 2022 2,007,211 183,711 2,190,922 Nine Months Ended September 30, 2022 As previously Reported Effect of Change As Currently Reported (In thousands) Retained Earnings: Balance at December 31, 2021 $ 2,281,986 100,166 2,382,152 Net earnings 88,710 140,567 229,277 Balance at September 30, 2022 2,370,696 240,733 2,611,429 Balance at December 31, 2022 2,381,856 245,533 2,627,389 Accumulated Other Comprehensive Income (Loss): Unrealized gains (losses) on non-impaired securities: Balance at December 31, 2021 226,220 140,889 367,109 Other comprehensive income (loss), net of income tax (694,727) (403,800) (1,098,527) Balance at September 30, 2022 (468,507) (262,911) (731,418) Balance at December 31, 2022 (419,965) (233,466) (653,431) Change in LFPB due to discount rate changes: Balance at December 31, 2021 — (60,121) (60,121) Impact of discount rate changes during the period — 207,550 207,550 Balance at September 30, 2022 — 147,429 147,429 Balance at December 31, 2022 — 170,701 170,701 Foreign currency translation adjustments: Balance at December 31, 2021 5,100 928 6,028 Change in translation adjustments during period 339 7 346 Balance at September 30, 2022 5,439 935 6,374 Balance at December 31, 2022 5,507 943 6,450 Total Accumulated Other Comprehensive Income (Loss): Balance at December 31, 2021 215,953 81,696 297,649 Change during period (690,985) (196,243) (887,228) Balance at September 30, 2022 (475,032) (114,547) (589,579) Balance at December 31, 2022 (416,397) (61,822) (478,219) Total stockholders' equity: Balance at December 31, 2021 2,539,691 181,862 2,721,553 Balance at September 30, 2022 1,937,416 126,186 2,063,602 Balance at December 31, 2022 2,007,211 183,711 2,190,922 Interim Condensed Consolidated Statement of Cash Flows: Nine Months Ended September 30, 2022 As previously Reported Effect of Change As Currently Reported (In thousands) Cash flows from operating activities: Net earnings $ 88,710 140,567 229,277 Adjustments to reconcile net earnings to net cash from operating activities: Universal life and annuity contract interest (11,058) 13,524 2,466 (Increase) decrease in deferred policy acquisition and sales inducement costs, and value of business acquired 47,694 (23,396) 24,298 (Increase) decrease in reinsurance recoverable 81,454 61,012 142,466 (Increase) decrease in other assets (333) 22 (311) Increase (decrease) in liabilities for future policy benefits 93,088 (83,024) 10,064 Increase (decrease) in market risk benefits liability — (149,083) (149,083) Increase (decrease) in deferred Federal income tax 15,658 37,365 53,023 Increase (decrease) in other liabilities (15,347) 159 (15,188) Net cash provided by (used in) operating activities 234,590 (2,854) 231,736 Cash flows from financing activities: Deposits to account balances for universal life and annuity contracts 258,248 (5,375) 252,873 Return of account balances on universal life and annuity contracts (637,119) 8,219 (628,900) Net cash provided by (used in) financing activities (379,125) 2,844 (376,281) Effect of foreign exchange 429 10 439 The following table summarizes the restated Deferred policy acquisition costs ("DPAC") and Deferred sales inducements ("DSI") balances as of the transition date, January 1, 2021, due to the adoption of ASU 2018-12. Domestic Traditional Life Domestic Universal Life International Traditional Life International Universal Life Annuities excl. SPIAs WLC ONL & Affiliates (In thousands) Deferred policy acquisition costs: Balance, December 31, 2020 $ 4,014 96,513 13,399 157,186 103,179 7,789 Removal of shadow balances in Accumulated other comprehensive income (loss) — 47,620 — 27,076 239,099 — Adjusted balance, January 1, 2021 $ 4,014 144,133 13,399 184,262 342,278 7,789 Domestic Traditional Life Domestic Universal Life International Traditional Life International Universal Life Annuities excl. SPIAs WLC ONL & Affiliates (In thousands) Deferred sales inducements: Balance, December 31, 2020 $ — — — — 43,845 — Removal of shadow balances in Accumulated other comprehensive income (loss) — — — — 52,533 — Adjusted balance, January 1, 2021 $ — — — — 96,378 — The following table summarizes restated DPAC and DSI balances by product line in the Consolidated Balance Sheet as of January 1, 2021. DPAC Balances DSI Balances (In thousands) Domestic traditional life $ 4,014 — Domestic universal life 144,133 — International traditional life 13,399 — International universal life 184,262 — Annuities, excluding SPIAs with life contingencies 342,278 96,378 ONL & Affiliates 7,789 — Balance Sheet balance as of January 1, 2021 $ 695,875 96,378 The following table summarizes the restated Liability for policyholder account balances as of January 1, 2021 for the adoption of ASU 2018-12. Domestic Universal Life International Universal Life Annuities excl. SPIAs WLC (In thousands) Universal life and annuity contracts balance, December 31, 2020 $ 1,267,764 740,839 7,026,713 Transfer of balances to Additional liabilities in excess of account balance (45,136) (63,046) (11,192) Transfer of balances to Liability for future policy benefits 66 107 (200,894) Transfer of balances to Market risk benefits — — (205,611) Change in embedded derivative on reserves — — (131,573) Liability for policyholder account balances, January 1, 2021 1,222,694 677,900 6,477,443 Less reinsurance recoverable — — (1,677,898) Adjusted balance, January 1, 2021, net of reinsurance $ 1,222,694 677,900 4,799,545 The following table summarizes the Additional liability in excess of account balances as of January 1, 2021 for the adoption of ASU 2018-12. Domestic Universal Life International Universal Life Annuities excl. SPIAs WLC (In thousands) Balance, December 31, 2020 $ — — — Transfer of balances from universal life ("UL") and annuity contracts 45,136 63,046 11,192 Adjusted balance, January 1, 2021 45,136 63,046 11,192 Less reinsurance recoverable — — (11,192) Adjusted balance, January 1, 2021, net of reinsurance $ 45,136 63,046 — The following table summarizes the restated Liability for future policy benefits balance as of January 1, 2021 for the adoption of ASU 2018-12. Domestic Traditional Life International Traditional Life SPIAs With Life Contingencies ONL & Affiliates (In thousands) Traditional life reserve balance, December 31, 2020 $ 56,894 70,426 2,350 768,433 Transfer of balances from UL and annuity contracts (66) (107) 200,894 — Change in discount rate assumptions 36,479 26,131 37,390 86,016 Change in cash flow assumptions, effect of net premiums exceeding gross premiums 7,937 — — — Change in cash flow assumptions, effect of decrease (increase) of the deferred profit liability — — (3,160) — Other Adjustments 1,163 (1,048) 653 12,403 Adjustment for removal of related balances in accumulated other comprehensive income — — — — Liability for future policy benefit balance, January 1, 2021 102,407 95,402 238,127 866,852 Less reinsurance recoverable (13,680) (607) (238,127) (33,731) Adjusted balance, January 1, 2021, net of reinsurance $ 88,727 94,795 — 833,121 The following table summarizes the Market risk benefits liability balance as of January 1, 2021 for the adoption of ASU 2018-12. (In thousands) Balance, December 31, 2020 $ — Transfer of balances from UL and annuity contracts 205,611 Adjustment for the difference between carrying amount and fair value, except for the difference due to instrument-specific credit risk 95,990 Adjustment for the cumulative effect of changes in the instrument-specific credit risk — Total adjustment for the difference between carrying amount and fair value 95,990 Adjusted balance, January 1, 2021 301,601 Less reinsurance recoverable (73,651) Adjusted balance, January 1, 2021, net of reinsurance $ 227,950 The following table summarizes restated Future policyholder obligations liability and the Market risk benefits liability balances in the Consolidated Balance Sheet as of January 1, 2021. Policyholder Account Balances Additional Liability for Benefits Liability for Future Policy Benefits Market Risk Benefits Liability (In thousands) Domestic traditional life $ — — 102,407 — Domestic universal life 1,222,694 45,136 — — International traditional life — — 95,402 — International universal life 677,900 63,046 — — SPIAs with life contingencies — — 238,127 — Annuities, excluding SPIAs with life contingencies 6,477,443 11,192 — 301,601 ONL & Affiliates — — 866,852 — Balance Sheet balances as of January 1, 2021 $ 8,378,037 119,374 1,302,788 301,601 The following table presents the effect of the transition adjustment, net of foreign exchange and deferred tax adjustments, on total equity for the adoption of ASU 2018-12 as of January 1, 2021. January 1, 2021 Retained Earnings Accumulated Other Comprehensive Income Total (In thousands) Liability for future policy benefits $ (9,650) (112,734) (122,384) Liability for policyholder account balances 303,503 — 303,503 Additional liability for excess death/annuitization benefits (85,463) — (85,463) Deferred policy acquisition costs — 247,897 247,897 Deferred sales inducements — 41,501 41,501 Market risk benefits (180,080) — (180,080) Total $ 28,310 176,664 204,974 The following tables summarize restated DPAC, DSI, and VOBA balances as of December 31, 2021 and the changes in these balances subsequent to the January 1, 2021 transition date. The balances as of December 31, 2021 establish the beginning balances for reporting the results for the nine months ended September 30, 2022. Domestic Traditional Life Domestic Universal Life International Traditional Life International Universal Life Annuities excl. SPIAs WLC ONL & Affiliates (In thousands) Deferred Policy Acquisition Costs: Adjusted balance, January 1, 2021 $ 4,014 144,133 13,399 184,262 342,278 7,789 Capitalization additions 19 33,447 — 1,072 38,836 4,176 Amortization (585) (9,265) (984) (17,666) (40,187) (676) Experience adjustment — (567) — (112) 970 — Adjusted balance, December 31, 2021 $ 3,448 167,748 12,415 167,556 341,897 11,289 Domestic Traditional Life Domestic Universal Life International Traditional Life International Universal Life Annuities excl. SPIAs WLC ONL & Affiliates (In thousands) Deferred Sales Inducements: Adjusted balance, January 1, 2021 $ — — — — 96,378 — Capitalization additions — — — — 18,117 — Amortization — — — — (11,775) — Experience adjustment — — — — 256 — Adjusted balance, December 31, 2021 $ — — — — 102,976 — ONL & Affiliates (In thousands) Value of Business Acquired: Balance, January 1, 2021 $ 162,968 Capitalization additions — Amortization (13,560) Experience adjustment — Balance, December 31, 2021 $ 149,408 The following table summarizes restated DPAC, DSI, and VOBA balances in the Consolidated Balance Sheet as of December 31, 2021. DPAC DSI VOBA (In thousands) Domestic traditional life $ 3,448 — — Domestic universal life 167,748 — — International traditional life 12,415 — — International universal life 167,556 — — SPIAs with life contingencies — — — Annuities, excluding SPIAs with life contingencies 341,897 102,976 — ONL & Affiliates 11,289 — 149,408 Balance Sheet balances as of December 31, 2021 $ 704,353 102,976 149,408 The following table summarizes the restated Liability for policyholder account balances as of December 31, 2021 and the changes in this balance subsequent to the January 1, 2021 transition date. The balance as of December 31, 2021 establishes the beginning balance for reporting the results for the nine months ended September 30, 2022. Domestic Universal Life International Universal Life Annuities excl. SPIAs WLC (In thousands) Adjusted balance, January 1, 2021 $ 1,222,694 677,900 6,477,443 Issuances — — — Premiums received 225,349 46,147 430,846 Policy charges (76,147) (68,800) (28,643) Surrenders and withdrawals (47,483) (47,644) (580,269) Benefit payments (25,418) (2,040) (207,302) Interest credited 89,508 36,902 155,783 Other 23,555 5,121 (86,558) Adjusted balance, December 31, 2021 1,412,058 647,586 6,161,300 Less reinsurance recoverable — — (1,458,076) Adjusted balance, December 31, 2021 net of reinsurance $ 1,412,058 647,586 4,703,224 The following table summarizes the restated Additional liability in excess of account balances as of December 31, 2021 and the changes in this balance subsequent to the January 1, 2021 transition date. The balance as of December 31, 2021 establishes the beginning balance for reporting the results for the nine months ended September 30, 2022. Domestic Universal Life International Universal Life Annuities excl. SPIAs WLC (In thousands) Adjusted balance, January 1, 2021 net of reinsurance $ 45,136 63,046 — Beginning balance before shadow reserve adjustments 45,136 63,046 11,192 Effect of changes in cash flow ("CF") assumptions 7,061 (14,524) — Effect of actual variances from expected experience — — 1,512 Adjusted beginning of year balance: 52,197 48,522 12,704 Issuances — — — Interest accrual 4,767 3,264 459 Assessments collected 14,775 8,304 749 Benefit payments (17,687) (10,565) (1,198) Derecognition (lapses and withdrawals) 45 (1,189) 4 Ending balance before shadow reserve adjustments 54,097 48,336 12,718 Effect of shadow reserve adjustments — — — Adjusted balance, December 31, 2021 54,097 48,336 12,718 Less: Reinsurance recoverable — — (12,718) Adjusted balance, December 31, 2021 net of reinsurance $ 54,097 48,336 — The following table summarizes the restated Liability for future policy benefits balance as of December 31, 2021 and the changes in this balance subsequent to the January 1, 2021 transition date. The balance as of December 31, 2021 establishes the beginning balance for reporting the results for the nine months ended September 30, 2022. Domestic Traditional Life International Traditional Life SPIAs With Life Contingencies ONL & Affiliates (In thousands) Adjusted balance, January 1, 2021 $ 102,407 95,402 238,127 866,852 Beginning balance at original discount rate 65,928 69,270 200,737 780,836 Effect of changes in CF assumptions — — (316) — Effect of actual variances from expected experience (525) (252) 5,724 114 Adjusted beginning of year balance: 65,403 69,018 206,145 780,950 Issuances — — 39,338 227 Interest accrual 4,058 4,391 7,076 23,801 Net premium collected 16 5,602 — 35,640 Benefit payments (6,538) (17,221) (22,173) (56,616) Derecognition (lapses and withdrawals) — — (6,840) — Other 597 2,608 358 (770) Ending balance at original discount rate 63,536 64,398 223,904 783,232 Effect of changes in discount rate 26,933 17,186 20,646 34,913 Adjusted balance, December 31, 2021 90,469 81,584 244,550 818,145 Less reinsurance recoverable (13,841) (578) (211,912) (31,476) Adjusted balance, December 31, 2021 net of reinsurance $ 76,628 81,006 32,638 786,669 The following table summarizes the net Market risk benefit liability balance as of December 31, 2021 and the changes in this net balance subsequent to the January 1, 2021 transition date. The net balance as of December 31, 2021 establishes the beginning net balance for reporting the results for the nine months ended September 30, 2022. (In thousands) Adjusted balance, January 1, 2021 $ 301,601 Balance, beginning of year, before effect of changes in instrument-specific credit risk: 301,601 Issuances 3,184 Interest accrual — Attributed fees collected 38,182 Benefit payments — Effect of changes in interest rates (36,112) Effect of changes in equity markets — Effect of changes in equity index volatility — Actual policyholder behavior different from expected behavior (7,022) Effect of changes in future expected policyholder behavior — Effect of changes in other future expected assumptions — Balance, end of year, before effect of changes in instrument-specific credit risk 299,833 Effect of changes in the instrument-specific credit risk — Adjusted balance, December 31, 2021 299,833 Less reinsurance recoverable, end of year (68,238) Adjusted balance, December 31, 2021 net of reinsurance $ 231,595 The following table summarizes restated Future policyholder obligations liability and the Market risk benefits liability balances in the Consolidated Balance Sheets as of December 31, 2021. Policyholder Account Balances Additional Liability for Benefits Liability for Future Policy Benefits Market Risk Benefits Liability (In thousands) Domestic traditional life $ — — 90,469 — Domestic universal life 1,412,058 54,097 — — International traditional life — — 81,584 — International universal life 647,586 48,336 — — SPIAs with life contingencies — — 244,550 — Annuities, excl. SPIAs with life contingencies 6,161,300 12,718 — 299,833 ONL & Affiliates — — 818,145 — Balances as of December 31, 2021 $ 8,220,944 115,151 1,234,748 299,833

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
Earnings Per Share (Tables)	Sep. 30, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Net earnings for the periods shown below are allocated between Class A shares and Class B shares based upon (1) the proportionate number of shares issued and outstanding as of the end of the period, and (2) the per share dividend rights of the two classes under the Company's Restated Certificate of Incorporation (the Class B dividend per share is equal to one-half the Class A dividend per share). Three Months Ended September 30, 2023 2022 Class A Class B Class A Class B (In thousands except per share amounts) Numerator for Basic and Diluted Earnings Per Share: Net earnings $ 64,725 35,188 Dividends - Class A shares — — Dividends - Class B shares — — Undistributed earnings $ 64,725 35,188 Allocation of net earnings: Dividends $ — — — — Allocation of undistributed earnings 62,895 1,830 34,193 995 Net earnings $ 62,895 1,830 34,193 995 Denominator: Basic earnings per share - weighted-average shares 3,436 200 3,436 200 Effect of dilutive stock options — — — — Diluted earnings per share - adjusted weighted-average shares for assumed conversions 3,436 200 3,436 200 Basic earnings per share $ 18.30 9.15 9.95 4.98 Diluted earnings per share $ 18.30 9.15 9.95 4.98 Nine Months Ended September 30, 2023 2022 Class A Class B Class A Class B (In thousands except per share amounts) Numerator for Basic and Diluted Earnings Per Share: Net earnings $ 106,663 229,277 Dividends - Class A shares — — Dividends - Class B shares — — Undistributed earnings $ 106,663 229,277 Allocation of net earnings: Dividends $ — — — — Allocation of undistributed earnings 103,647 3,016 222,793 6,484 Net earnings $ 103,647 3,016 222,793 6,484 Denominator: Basic earnings per share - weighted-average shares 3,436 200 3,436 200 Effect of dilutive stock options — — — — Diluted earnings per share - adjusted weighted-average shares for assumed conversions 3,436 200 3,436 200 Basic earnings per share $ 30.17 15.08 64.84 32.42 Diluted earnings per share $ 30.17 15.08 64.84 32.42

Deferred Transaction Costs (Tab

Deferred Transaction Costs (Tables)	9 Months Ended
Deferred Transaction Costs (Tables)	Sep. 30, 2023
Deferred Charges, Insurers [Abstract]
Summary of Deferred Policy Acquisition Costs	A summary of information related to DPAC is provided in the following table. Nine Months Ended September 30, 2023 Domestic Traditional Life Domestic Universal Life International Traditional Life International Universal Life Annuities excl. SPIAs WLC ONL & Affiliates (In thousands) Balance, beginning of period $ 3,159 176,034 11,151 152,287 306,489 14,762 Capitalization additions 11 11,646 — 394 5,458 3,172 Amortization (213) (9,470) (1,046) (11,176) (26,241) (644) Experience adjustment 3 (102) 22 (25) 161 5 Balance, end of period $ 2,960 178,108 10,127 141,480 285,867 17,295 Nine Months Ended September 30, 2022 Domestic Traditional Life Domestic Universal Life International Traditional Life International Universal Life Annuities excl. SPIAs WLC ONL & Affiliates (In thousands) Balance, beginning of period $ 3,448 167,748 12,415 167,556 341,897 11,289 Capitalization additions 14 19,884 — 113 15,010 3,198 Amortization (232) (11,924) (956) (11,648) (24,591) (552) In force ceded — — — — (19,622) — Experience adjustment — 29 — (6) 42 — Balance, end of period $ 3,230 175,737 11,459 156,015 312,736 13,935 The following table summarizes DPAC balances by product line as of the end of the following periods. September 30, 2023 2022 (In thousands) Domestic traditional life $ 2,960 3,230 Domestic universal life 178,108 175,737 International traditional life 10,127 11,459 International universal life 141,480 156,015 Annuities, excl. SPIAs with life contingencies 285,867 312,736 ONL & Affiliates 17,295 13,935 Total $ 635,837 673,112
Summary of Deferred Sale Inducement Cost	A summary of information related to DSI is provided in the following tables. Nine Months Ended September 30, 2023 Domestic Traditional Life Domestic Universal Life International Traditional Life International Universal Life Annuities excl. SPIAs WLC ONL & Affiliates (In thousands) Balance, beginning of period $ — — — — 85,303 — Capitalization additions — — — — (4,199) — Amortization — — — — (6,212) — Experience adjustment — — — — 36 — Balance, end of period $ — — — — 74,928 — Nine Months Ended September 30, 2022 Domestic Traditional Life Domestic Universal Life International Traditional Life International Universal Life Annuities excl. SPIAs WLC ONL & Affiliates (In thousands) Balance, beginning of period $ — — — — 102,976 — Capitalization additions — — — — 4,901 — Amortization — — — — (8,091) — In force ceded — — — — (11,219) — Experience adjustment — — — — 31 — Balance, end of period $ — — — — 88,598 — The following table summarizes DSI balances by product line as of the end of the following periods. September 30, 2023 2022 (In thousands) Domestic traditional life $ — — Domestic universal life — — International traditional life — — International universal life — — SPIAs with life contingencies — — Annuities, excluding SPIAs with life contingencies 74,928 88,598 ONL & Affiliates — — Total $ 74,928 88,598
Summary Of Value of Business Acquired	A summary of information related to VOBA is provided in the following table. September 30, 2023 2022 (In thousands) Balance, beginning of period $ 138,495 149,408 Amortization (6,523) (9,518) Experience adjustment 32 — Balance as of end of period $ 132,004 139,890
Schedule of Estimated Future Amortization of Value of Business Acquired (VOBA)	Estimated future amortization of VOBA, net of interest, is as follows as of September 30, 2023: (In thousands) Remainder of 2023 $ 2,101 2024 8,141 2025 7,734 2026 7,326 2027 6,942
Summary of Cost Of Reinsurance	A summary of information related to COR is provided in the following table. Nine Months Ended September 30, 2023 2022 SPIAs WLC Annuities excl. SPIAs WLC SPIAs WLC Annuities excl. SPIAs WLC (In thousands) Balance, beginning of period $ 11,897 66,431 12,591 77,095 Additions — — — — Amortization (604) (7,779) (503) (7,689) Experience Adjustment — — — — Balance as of end of period $ 11,293 58,652 12,088 69,406 The following table summarizes the COR balance by product line as of the end of the following periods. September 30, 2023 2022 (In thousands) SPIAs with life contingencies $ 11,293 12,088 Annuities, excl. SPIAs with life contingencies 58,652 69,406 Total $ 69,945 81,494

Policyholder Obligations (Table

Policyholder Obligations (Tables)	9 Months Ended
Policyholder Obligations (Tables)	Sep. 30, 2023
Insurance [Abstract]
Summary of Liability for Policyholders' Account Balances	The following tables summarize balances and changes in the Liability for policyholder account balances. Nine Months Ended September 30, 2023 Domestic Universal Life International Universal Life Annuities excl. SPIAs WLC (In thousands) Balance, beginning of period $ 1,409,471 575,096 5,677,218 Premiums received 85,794 27,508 85,174 Policy charges (49,789) (56,523) (22,595) Surrenders and withdrawals (50,399) (37,170) (446,357) Benefit payments (21,739) (1,984) (141,361) Interest credited 20,509 7,004 41,292 Change in embedded derivative 26,014 4,203 (36,488) Other 2,218 (614) (18,877) Balance, end of period 1,422,079 517,520 5,138,006 Less reinsurance recoverable — — (1,135,906) Ending balance, net of reinsurance $ 1,422,079 517,520 4,002,100 Weighted-average crediting rate 2.14 % 1.62 % 0.94 % Net amount at risk $ 1,614 6,443 1,208,274 Cash surrender value $ 1,209,991 485,660 4,883,247 Nine Months Ended September 30, 2022 Domestic Universal Life International Universal Life Annuities excl. SPIAs WLC (In thousands) Balance, beginning of period $ 1,412,058 647,586 6,161,300 Issuances — — — Premiums received 120,956 31,738 196,463 Policy charges (53,411) (52,904) (22,259) Surrenders and withdrawals (41,785) (32,791) (369,437) Benefit payments (16,428) (1,550) (148,832) Interest credited 37,863 13,772 57,969 Change in embedded derivative (54,767) (14,161) (4,515) Other 371 1,476 (15,216) Balance, end of period 1,404,857 593,166 5,855,473 Less reinsurance recoverable — — (1,290,600) Ending balance, net of reinsurance $ 1,404,857 593,166 4,564,873 Weighted-average crediting rate 4.13 % 2.97 % 1.24 % Net amount at risk $ 1,638 7,318 1,111,573 Cash surrender value $ 1,228,130 555,903 5,473,356 The following table summarizes the Liability for policyholder account balances by line of business as of the end of the following periods. September 30, 2023 2022 (In thousands) Domestic universal life $ 1,422,079 1,404,857 International universal life 517,520 593,166 Annuities excl. SPIAs with life contingencies 5,138,006 5,855,473 Unearned revenue reserve 1,286 5,885 Total $ 7,078,891 7,859,381
Summary of Policyholder Account Balance, Guaranteed Minimum Crediting Rate	The following table presents the account values by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between rates being credited to policyholders and the respective guaranteed minimums. September 30, 2023 At Guaranteed Minimum 1-50 Basis Points Above 51-150 Basis Points Above Greater Than 150 Basis Points Above Total (In thousands) Range of guaranteed minimum crediting rate: Less than 2.00% $ 1,810,654 1,901 17,311 116,475 1,946,341 2.00% - 2.99% 522,451 7,940 88,704 48,025 667,120 3.00% - 3.99% 423,674 37,995 2,691 27 464,387 4.00% and greater 385,534 — — 37 385,571 Total $ 3,142,313 47,836 108,706 164,564 3,463,419 September 30, 2022 At Guaranteed Minimum 1-50 Basis Points Above 51-150 Basis Points Above Greater Than 150 Basis Points Above Total (In thousands) Range of guaranteed minimum crediting rate: Less than 2.00% $ 2,044,059 2,104 90,636 124,486 2,261,285 2.00% - 2.99% 509,776 7,997 104,561 — 622,334 3.00% - 3.99% 505,906 44,369 2,868 26 553,169 4.00% and greater 410,007 — — 35 410,042 Total $ 3,469,748 54,470 198,065 124,547 3,846,830
Summary of Liability for Additional Insurance Liabilities	The following table provides the balances and changes in insurance liabilities related to universal life and annuities that are in addition to the account balance, including annuitization benefits and death or other insurance benefits. Nine Months Ended September 30, 2023 Domestic Universal Life International Universal Life Annuities (In thousands) Balance, beginning of period $ 63,804 46,402 38,502 Beginning balance before shadow reserve adjustments 63,804 46,402 38,502 Effect of changes in cash flow assumptions 1,870 6,055 (1,759) Effect of actual variances from expected experience 5,898 (736) 625 Adjusted beginning of period balance 71,572 51,721 37,368 Issuances — — — Interest accrual 950 340 1,093 Assessments collected 15,875 7,546 (98) Benefit payments (18,318) (7,610) (1,343) Derecognition (lapses and withdrawals) — — — Other (39) (1,002) (15) Ending balance before shadow reserve adjustments 70,040 50,995 37,005 Effect of shadow reserve adjustments — — — Balance, end of period 70,040 50,995 37,005 Less reinsurance recoverable, end of period — — (37,005) Net additional liability, after reinsurance recoverable $ 70,040 50,995 — Nine Months Ended September 30, 2022 Domestic Universal Life International Universal Life Annuities (In thousands) Balance, beginning of period $ 54,097 48,336 12,718 Beginning balance before shadow reserve adjustments 54,097 48,336 12,718 Effect of changes in cash flow assumptions 3,844 (18) 24,599 Effect of actual variances from expected experience 5,493 7,118 1,843 Adjusted beginning of period balance 63,434 55,436 39,160 Issuances — — — Interest accrual 1,993 1,154 589 Assessments collected 13,436 6,011 (69) Benefit payments (16,031) (15,768) (1,146) Derecognition (lapses and withdrawals) — — — Other (30) 524 (9) Ending balance before shadow reserve adjustments 62,802 47,357 38,525 Effect of shadow reserve adjustments — — — Balance, end of period 62,802 47,357 38,525 Less reinsurance recoverable, end of period — — (38,525) Net additional liability, after reinsurance recoverable $ 62,802 47,357 — The following table summarizes the Additional liability for benefits in excess of account balance by line of business as of the end of the following periods. September 30, 2023 2022 (In thousands) Domestic universal life $ 70,040 62,802 International universal life 50,995 47,357 Annuities 37,005 38,525 Total $ 158,040 148,684 The following table provides the amount of gross assessments and interest expense related to annuitization and death or other insurance benefits recognized in the Condensed Consolidated Statements of Earnings related to additional insurance liabilities. Gross Assessments Interest Expenses Nine Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Domestic universal life $ 45,525 39,029 950 1,993 International universal life 30,401 25,005 340 1,154 Annuities (127) (2,952) 1,093 589 Total $ 75,799 61,082 2,383 3,736 The following tables summarize the annualized actual experience and expected experience for mortality and lapses of the Liability for future policy benefits and the Additional liability for benefits in excess of account balance. 2023 2022 Actual Experience Expected Experience Actual Experience Expected Experience Mortality: Domestic traditional life 1.84% 2.12% 1.32% 1.89% International traditional life 0.18% 0.41% 0.24% 0.37% Domestic universal life 1.68% 1.91% 1.11% 1.69% International universal life 0.27% 0.25% 0.27% 0.24% SPIAs with life contingencies 11.62% 12.14% 8.44% 8.74% Annuities excl. SPIAs with life contingencies 2.86% 2.61% 2.73% 2.67% ONL & Affiliates 1.05% 0.86% 0.94% 0.82% 2023 2022 Actual Experience Expected Experience Actual Experience Expected Experience Lapses: Domestic traditional life 4.36% 6.02% 6.91% 6.51% International traditional life 8.35% 7.75% 8.03% 7.92% Domestic universal life 5.68% 3.40% 4.74% 4.69% International universal life 11.94% 6.92% 8.39% 7.16% SPIAs with life contingencies N/A N/A N/A N/A Annuities excl. SPIAs with life contingencies 6.20% 4.27% 4.05% 4.24% ONL & Affiliates 4.24% 4.75% 3.90% 7.96% The following table provides the weighted-average durations in years of the Liability for future policy benefits and the Additional liability for benefits in excess of account balance. September 30, 2023 2022 Domestic traditional life 8.00 8.00 Domestic universal life 8.10 8.10 International traditional life 8.00 8.00 International universal life 8.10 8.10 SPIAs with life contingencies 8.00 8.00 Annuities excl. SPIAs with life contingencies 6.60 6.60 ONL & Affiliates 22.00 22.00
Summary for Liability for Future Policy Benefit, Activity	The following tables summarize balances and changes in the Liability for future policy benefits balance for traditional life contracts and single premium immediate annuities with life contingencies. Nine Months Ended September 30, 2023 Domestic Traditional Life International Traditional Life SPIAs With Life Contingency ONL & Affiliates (In thousands) Present value of expected net premiums Balance, beginning of period $ 260 33,998 — 402,744 Beginning balance at original discount rate 660 35,906 — 494,961 Effect of changes in cash flow assumptions (325) 4,019 — 6,353 Effect of actual variances from expected experience 133 (1,139) — (3,726) Adjusted beginning of period balance 468 38,786 — 497,588 Issuances — — — 7,497 Interest accrual (19) 1,121 — 11,972 Net premium collected (132) (3,386) — (29,052) Ending balance at original discount rate 317 36,521 — 488,005 Effect of changes in discount rate assumptions (488) (3,364) — (109,489) Balance, end of period $ (171) 33,157 — 378,516 Present value of expected future policy benefits Balance, beginning of period $ 70,165 99,167 191,817 975,999 Beginning balance at original discount rate 62,839 100,976 215,637 1,293,523 Effect of changes in cash flow assumptions (824) 4,433 — 6,876 Effect of actual variances from expected experience (132) (3,872) 3,083 (3,273) Adjusted beginning of period balance 61,883 101,537 218,720 1,297,126 Issuances — — 9,005 7,340 Interest accrual 2,851 4,104 5,305 30,313 Benefit payments (3,825) (4,740) (16,752) (42,932) Derecognition (lapses and withdrawals) — — (5,032) — Other 114 (1,250) (322) (1,694) Ending balance at original discount rate 61,023 99,651 210,924 1,290,153 Effect of changes in discount rate assumptions 4,590 (5,637) (28,456) (377,110) Balance, end of period 65,613 94,014 182,468 913,043 Net liability for future policy benefits 65,784 60,857 182,468 534,527 Less reinsurance recoverable (12,665) (532) (152,949) (24,395) Net liability for future policy benefits, after reinsurance $ 53,119 60,325 29,519 510,132 Nine Months Ended September 30, 2022 Domestic Traditional Life International Traditional Life SPIAs With Life Contingencies ONL & Affiliates (In thousands) Present value of expected net premiums Balance, beginning of period $ 395 50,123 — 340,287 Beginning balance at original discount rate 706 40,670 — 330,854 Effect of changes in cash flow assumptions — — — 169,179 Effect of actual variances from expected experience 109 (258) — 10,761 Adjusted beginning of period 815 40,412 — 510,794 Issuances — — — 6,217 Interest accrual 1 1,266 — 8,013 Net premium collected (62) (3,605) — (24,214) Ending balance at original discount rate 754 38,073 — 500,810 Effect of changes in discount rate assumptions (389) (2,697) — (57,403) Balance, end of period $ 365 35,376 — 443,407 Present value of expected future policy benefits Balance, beginning of period $ 90,864 131,707 244,551 1,158,431 Beginning balance at original discount rate 64,242 105,103 223,904 1,114,085 Effect of changes in cash flow assumptions — — 172 175,122 Effect of actual variances from expected experience (142) (2,098) 3,032 11,758 Adjusted beginning of year balance 64,100 103,005 227,108 1,300,965 Issuances — — 9,554 5,918 Interest accrual 2,946 4,321 5,440 25,989 Benefit payments (3,661) (3,658) (17,667) (44,116) Derecognition (lapses and withdrawals) — — (4,927) — Other 137 (349) — (95) Ending balance at original discount rate 63,522 103,319 219,508 1,288,661 Effect of changes in discount rate assumptions 6,238 (3,645) (27,724) (248,479) Balance, end of period 69,760 99,674 191,784 1,040,182 Net liability for future policy benefits 69,395 64,298 191,784 596,775 Less reinsurance recoverable (12,431) (553) (161,944) (26,239) Net liability for future policy benefits, after reinsurance $ 56,964 63,745 29,840 570,536 The following table summarizes the net Liability for future policy benefits by product line as of the end of the following periods. September 30, 2023 2022 (In thousands) Domestic traditional life $ 65,784 69,395 International traditional life 60,857 64,298 SPIAs with life contingencies 182,468 191,784 ONL & Affiliates 534,527 596,775 Total $ 843,636 922,252 The following tables summarize the amount of revenue and interest related to traditional life contracts and single premium immediate annuities with life contingencies recognized in the Condensed Consolidated Statements of Earnings. Gross Premiums or Assessments Interest Expense Nine Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Domestic traditional life $ 2,295 2,476 2,870 2,945 International traditional life 9,110 10,061 2,983 3,055 SPIAs with life contingencies 1,151 5,683 5,305 5,440 ONL & Affiliates 56,797 57,711 18,341 17,976 Total $ 69,353 75,931 29,499 29,416 The following table provides the amount of undiscounted expected gross premiums and expected future benefits and expenses for traditional life contracts and single premium immediate annuities with life contingencies. September 30, 2023 2022 Expected Future Gross Premiums Expected Future Benefit Payments Expected Future Gross Premiums Expected Future Benefit Payments (In thousands) Domestic traditional life $ 32,013 103,177 33,319 108,001 International traditional life 162,304 221,506 163,976 225,183 SPIAs with life contingencies — 281,949 — 291,505 ONL & Affiliates 1,411,244 2,272,002 953,990 1,704,224 Total $ 1,605,561 2,878,634 1,151,285 2,328,913 The following tables summarize the annualized actual experience and expected experience for mortality and lapses of the Liability for future policy benefits and the Additional liability for benefits in excess of account balance. 2023 2022 Actual Experience Expected Experience Actual Experience Expected Experience Mortality: Domestic traditional life 1.84% 2.12% 1.32% 1.89% International traditional life 0.18% 0.41% 0.24% 0.37% Domestic universal life 1.68% 1.91% 1.11% 1.69% International universal life 0.27% 0.25% 0.27% 0.24% SPIAs with life contingencies 11.62% 12.14% 8.44% 8.74% Annuities excl. SPIAs with life contingencies 2.86% 2.61% 2.73% 2.67% ONL & Affiliates 1.05% 0.86% 0.94% 0.82% 2023 2022 Actual Experience Expected Experience Actual Experience Expected Experience Lapses: Domestic traditional life 4.36% 6.02% 6.91% 6.51% International traditional life 8.35% 7.75% 8.03% 7.92% Domestic universal life 5.68% 3.40% 4.74% 4.69% International universal life 11.94% 6.92% 8.39% 7.16% SPIAs with life contingencies N/A N/A N/A N/A Annuities excl. SPIAs with life contingencies 6.20% 4.27% 4.05% 4.24% ONL & Affiliates 4.24% 4.75% 3.90% 7.96% The following table provides the weighted-average durations in years of the Liability for future policy benefits and the Additional liability for benefits in excess of account balance. September 30, 2023 2022 Domestic traditional life 8.00 8.00 Domestic universal life 8.10 8.10 International traditional life 8.00 8.00 International universal life 8.10 8.10 SPIAs with life contingencies 8.00 8.00 Annuities excl. SPIAs with life contingencies 6.60 6.60 ONL & Affiliates 22.00 22.00 The following table provides the weighted-average interest rates for the Liability for future policy benefits and the Additional liability for benefits in excess of account balance. Interest Accretion Rate Current Discount Rate September 30, September 30, 2023 2022 2023 2022 Domestic traditional life 6.73% 6.80% 5.60% 5.30% Domestic universal life 4.56% 0.98% 4.56% 0.98% International traditional life 5.16% 5.24% 5.60% 5.30% International universal life 1.93% 1.53% 1.93% 1.53% SPIAs with life contingencies 3.48% 3.36% 5.60% 5.30% Annuities excl. SPIAs with life contingencies 1.02% 0.93% 1.02% 0.93% ONL & Affiliates 3.25% 3.25% 6.15% 5.85%

Market Risk Benefits (Tables)

Market Risk Benefits (Tables)	9 Months Ended
Market Risk Benefits (Tables)	Sep. 30, 2023
Insurance [Abstract]
Balances of and Changes In Market Risk Benefits	The following tables present the balances of and changes in market risk benefits associated with guaranteed minimum withdrawal benefits, guaranteed annuitization benefits, and guaranteed minimum death benefits. Nine Months Ended September 30, 2023 Guaranteed Minimum Withdrawal Benefits Guaranteed Annuitization Benefits Guaranteed Minimum Death Benefits (In thousands) Balance, beginning of period $ 97,552 69,466 — Balance, beginning of period, before effect of changes in instrument-specific credit risk 97,552 69,466 — Issuances 64 — — Interest accrual — — — Attributed fees collected 37,572 — — Benefit payments — — — Effect of changes in interest rates (25,485) (5,426) — Effect of changes in equity markets — — — Effect of changes in equity index volatility — — — Actual policyholder behavior different from expected behavior (1,304) — — Effect of changes in future expected policyholder behavior (173) — — Effect of changes in other future expected assumptions — — — Balance, end of period, before effect of changes in instrument-specific credit risk 108,226 64,040 — Effect of changes in the instrument-specific credit risk — — — Balance, end of period 108,226 64,040 — Less reinsurance recoverable, end of period (2,874) (64,373) — Balance, end of period, net of reinsurance $ 105,352 (333) — Net amount at risk $ 1,082,774 125,500 — Weighted-average attained age of contract holders 69.6 67.8 0.0 Nine Months Ended September 30, 2022 Guaranteed Minimum Withdrawal Benefits Guaranteed Annuitization Benefits Guaranteed Minimum Death Benefits (In thousands) Balance, beginning of period $ 231,859 67,974 — Balance, beginning of period, before effect of changes in instrument-specific credit risk 231,859 67,974 — Issuances 420 — — Interest accrual — — — Attributed fees collected 37,587 — — Benefit payments — — — Effect of changes in interest rates (184,636) 1,292 — Effect of changes in equity markets — — — Effect of changes in equity index volatility — — — Actual policyholder behavior different from expected behavior (3,746) — — Effect of changes in future expected policyholder behavior — — — Effect of changes in other future expected assumptions — — — Balance, end of period, before effect of changes in instrument-specific credit risk 81,484 69,266 — Effect of changes in the instrument-specific credit risk — — — Balance, end of period 81,484 69,266 — Less reinsurance recoverable, end of period 2,865 (69,650) — Balance, end of period, net of reinsurance $ 84,349 (384) — Net amount at risk $ 982,619 128,954 — Weighted-average attained age of contract holders 68.9 67.0 0.0 The following table summarizes Market risk benefits liability balances separately by amounts in an asset position and amounts in a liability position to the Market risk benefits liability amounts as of the end of the following periods. September 30, 2023 September 30, 2022 Asset Liability Net liability Asset Liability Net liability (In thousands) Guaranteed minimum withdrawal benefit $ 48,240 156,466 108,226 51,881 133,365 81,484 Guaranteed annuitization benefits — 64,040 64,040 — 69,266 69,266 Balance, end of period $ 48,240 220,506 172,266 51,881 202,631 150,750

Pension and Other Postretirem_2

Pension and Other Postretirement Plans (Tables)	9 Months Ended
Pension and Other Postretirement Plans (Tables)	Sep. 30, 2023
Defined Benefit Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Schedule of Net Periodic Benefit Costs	The following table summarizes the components of net periodic benefit cost. Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (In thousands) Service cost $ 27 32 81 98 Interest cost 200 145 599 435 Expected return on plan assets (311) (394) (931) (1,181) Amortization of net loss 70 34 209 101 Net periodic benefit cost $ (14) (183) (42) (547)
Chairman and President Non-Qualified Defined Benefit Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Schedule of Net Periodic Benefit Costs	The following table summarizes the components of net periodic benefit costs for the non-qualified defined benefit plans. Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (In thousands) Service cost $ 203 260 611 779 Interest cost 410 278 1,227 835 Amortization of prior service cost 14 14 44 44 Amortization of net loss — 585 — 1,754 Net periodic benefit cost $ 627 1,137 1,882 3,412
Postretirement Employment Plans Other Than Pension
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Schedule of Net Periodic Benefit Costs	The following table summarizes the components of net periodic benefit costs. Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (In thousands) Interest cost $ 60 44 182 130 Amortization of net loss — 52 — 156 Net periodic benefit cost $ 60 96 182 286

Segment and Other Operating I_2

Segment and Other Operating Information (Tables)	9 Months Ended
Segment and Other Operating Information (Tables)	Sep. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Information, by Quarter	A summary of segment information as of September 30, 2023 and December 31, 2022 for the Condensed Consolidated Balance Sheet items and for the three and nine months ended September 30, 2023 and September 30, 2022 for the Condensed Consolidated Statements of Earnings is provided below. Condensed Consolidated Balance Sheet Items: September 30, 2023 Domestic International Annuities ONL & Affiliates All Totals (In thousands) Deferred transaction costs $ 181,068 151,606 430,741 149,299 — 912,714 Market risk benefits asset — — 48,240 — — 48,240 Total segment assets 1,850,885 836,338 7,596,824 932,773 321,704 11,538,524 Future policyholder obligations 1,568,410 620,153 5,357,477 534,527 — 8,080,567 Market risk benefits liability — — 220,506 — — 220,506 Other policyholder liabilities 24,790 8,069 91,068 13,242 — 137,169 Funds withheld liability — — 1,161,155 — — 1,161,155 December 31, 2022 Domestic International Annuities ONL & Affiliates All Totals (In thousands) Deferred transaction costs $ 179,193 163,438 470,120 153,257 — 966,008 Market risk benefits asset — — 48,759 — — 48,759 Total segment assets 1,803,876 889,022 8,270,315 994,318 335,343 12,292,874 Future policyholder obligations 1,553,624 675,786 5,907,974 573,255 — 8,710,639 Market risk benefits liability — — 215,777 — — 215,777 Other policyholder liabilities 25,596 15,560 118,615 15,318 — 175,089 Funds withheld liability — — 1,333,036 — — 1,333,036 Condensed Consolidated Statements of Earnings: Three Months Ended September 30, 2023 Domestic International Annuities ONL & Affiliates All Totals (In thousands) Premiums and contract revenues $ 12,807 22,871 1,895 18,529 — 56,102 Net investment income 4,181 2,229 54,169 8,358 27 68,964 Other revenues 10 2 1,872 2,829 1,028 5,741 Total revenues 16,998 25,102 57,936 29,716 1,055 130,807 Life and other policy benefits 6,180 3,880 1,846 14,651 — 26,557 Policy benefit remeasurement (gain)/loss 1,370 6,469 — 521 — 8,360 Market risk benefits expense — — (29,439) — — (29,439) Amortization of deferred transaction costs 3,407 4,148 10,457 2,314 — 20,326 Universal life and annuity contract interest 638 646 (11,701) — — (10,417) Other operating expenses 8,740 7,300 19,943 4,949 1,498 42,430 Federal income taxes (875) 3,179 22,390 1,481 2,538 28,713 Total expenses 19,460 25,622 13,496 23,916 4,036 86,530 Segment earnings (loss) $ (2,462) (520) 44,440 5,800 (2,981) 44,277 Three Months Ended September 30, 2022 Domestic International Annuities ONL & Affiliates All Totals (In thousands) Premiums and contract revenues $ 13,466 18,303 5,570 18,808 — 56,147 Net investment income (loss) 8,489 3,986 55,365 7,301 4,363 79,504 Other revenues 26 24 1,584 2,778 1,349 5,761 Total revenues 21,981 22,313 62,519 28,887 5,712 141,412 Life and other policy benefits 6,647 6,419 5,142 9,560 — 27,768 Policy benefit remeasurement (gain)/loss 3,843 (18) 93 5,909 — 9,827 Market risk benefits expense — — (33,571) — — (33,571) Amortization of deferred transaction costs 5,586 3,771 9,022 3,234 — 21,613 Universal life and annuity contract interest 826 2,421 38,988 — — 42,235 Other operating expenses 7,133 4,384 11,614 4,755 1,501 29,387 Federal income taxes (414) 1,138 6,860 1,075 895 9,554 Total expenses 23,621 18,115 38,148 24,533 2,396 106,813 Segment earnings $ (1,640) 4,198 24,371 4,354 3,316 34,599 Nine Months Ended September 30, 2023 Domestic International Annuities ONL & Affiliates All Totals (In thousands) Premiums and contract revenues $ 38,229 64,476 12,497 56,185 — 171,387 Net investment income 51,985 16,296 168,439 24,519 20,148 281,387 Other revenues 24 6 5,674 8,154 2,873 16,731 Total revenues 90,238 80,778 186,610 88,858 23,021 469,505 Life and other policy benefits 13,569 9,410 16,582 43,874 — 83,435 Policy benefit remeasurement (gain)/loss 1,370 6,469 — 521 — 8,360 Market risk benefits expense — — 6,733 — — 6,733 Amortization of deferred transaction costs 9,782 12,225 34,463 7,130 — 63,600 Universal life and annuity contract interest 39,985 11,592 1,165 — — 52,742 Other operating expenses 27,162 22,208 60,594 15,167 4,425 129,556 Federal income taxes (545) 6,314 22,437 4,511 6,220 38,937 Total expenses 91,323 68,218 141,974 71,203 10,645 383,363 Segment earnings $ (1,085) 12,560 44,636 17,655 12,376 86,142 Nine Months Ended September 30, 2022 Domestic International Annuities ONL & Affiliates All Totals (In thousands) Premiums and contract revenues $ 39,278 56,612 17,532 57,125 — 170,547 Net investment income (453) (3,051) 171,575 21,438 15,193 204,702 Other revenues 77 63 4,182 8,866 3,948 17,136 Total revenues 38,902 53,624 193,289 87,429 19,141 392,385 Life and other policy benefits 14,425 13,048 22,767 37,241 — 87,481 Policy benefit remeasurement (gain)/loss 3,843 (18) 93 5,909 — 9,827 Market risk benefits expense — — (150,069) — — (150,069) Amortization of deferred transaction costs 12,127 12,610 32,741 10,071 — 67,549 Universal life and annuity contract interest (15,751) (7,922) 26,139 — — 2,466 Other operating expenses 20,013 14,121 38,592 14,826 4,738 92,290 Federal income taxes 880 4,518 46,255 3,905 2,988 58,546 Total expenses 35,537 36,357 16,518 71,952 7,726 168,090 Segment earnings $ 3,365 17,267 176,771 15,477 11,415 224,295
Schedule of Reconciliation of Segment Premiums and Other Revenues to Condensed Consolidated Financial Statements	Reconciliations of segment information to the Company's Condensed Consolidated Financial Statements are provided below. Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Premiums and Other Revenues: Premiums and contract revenues $ 56,102 56,147 171,387 170,547 Net investment income 68,964 79,504 281,387 204,702 Other revenues 5,741 5,761 16,731 17,136 Realized gains on investments 25,883 745 25,976 6,305 Total condensed consolidated premiums and other revenues $ 156,690 142,157 495,481 398,690
Schedule of Reconciliation of Segment Federal Income Taxes to Condensed Consolidated Financial Statements	Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Federal Income Taxes: Total segment Federal income taxes $ 28,713 9,554 38,937 58,546 Taxes on realized gains on investments 5,435 156 5,455 1,323 Total condensed consolidated Federal income taxes $ 34,148 9,710 44,392 59,869
Schedule of Reconciliation of Segment Net Earnings (Loss) to Condensed Consolidated Financial Statements	Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Net Earnings: Total segment earnings $ 44,277 34,599 86,142 224,295 Realized gains on investments, net of taxes 20,448 589 20,521 4,982 Total condensed consolidated net earnings $ 64,725 35,188 106,663 229,277
Schedule of Reconciliation of Segment Assets to Condensed Consolidated Financial Statements	September 30, December 31, 2023 2022 (In thousands) Assets: Total segment assets $ 11,538,524 12,292,874 Other unallocated assets 520,906 490,071 Total condensed consolidated assets $ 12,059,430 12,782,945

Share-Based Payments (Tables)

Share-Based Payments (Tables)	9 Months Ended
Share-Based Payments (Tables)	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Grant Activity	The following table shows all grants issued to officers and directors during the three and nine months ended September 30, 2023 and 2022. Grants made are based upon the 20-day moving average closing market price of the Company's Class A common share at the grant date. Three Months Ended September 30, 2023 September 30, 2022 Officers Directors Officers Directors SARs — — — — RSUs — — — — PSUs — — — — Nine Months Ended September 30, 2023 September 30, 2022 Officers Directors Officers Directors SARs — — — — RSUs — 2,170 — 3,710 PSUs — — — —
Schedule of Stock Options Activity	A summary of awards by type and related activity is detailed below. Options Outstanding Shares Shares Weighted- Stock Options : Balance at January 1, 2023 291,000 — $ — Exercised — — $ — Forfeited — — $ — Expired — — $ — Stock options granted — — $ — Balance at September 30, 2023 291,000 — $ —
Schedule of Other Share / Unit Award Activity	Liability Awards SARs RSUs PSUs Other Share/Unit Awards : Balance at January 1, 2023 286,589 21,861 24,845 Exercised (2,860) (3,710) (6,066) Forfeited (5,927) (689) (335) Granted — 2,170 — Balance at September 30, 2023 277,802 19,632 18,444
Schedule of Information About Stock Options and SARs Outstanding	The following table summarizes information about SARs outstanding at September 30, 2023. SARs Outstanding Number Outstanding Weighted- Number Exercise prices: $210.22 21,650 0.2 years 21,650 $216.48 10,342 2.4 years 10,342 $311.16 7,807 3.4 years 7,807 $334.34 7,443 4.2 years 7,443 $303.77 9,357 5.2 years 9,357 $252.91 16,626 6.2 years 16,626 $192.10 35,861 7.2 years 23,899 $218.44 59,087 8.2 years 19,731 $220.61 109,629 9.2 years — Totals 277,802 116,855 Aggregate intrinsic value (in thousands) $ 58,799 $ 23,467
Schedule of Assumptions Employed Using Black-Scholes Option Pricing Model	In estimating the fair value of the SARs outstanding at September 30, 2023 and December 31, 2022, the Company employed the Black-Scholes option pricing model with assumptions detailed below. September 30, December 31, Expected term 0.2 to 0.8 years 0.9 to 6.7 years Expected volatility weighted-average 40.06 % 36.18 % Expected dividend yield 0.08 % 0.13 % Risk-free rate weighted-average 5.50 % 4.19 %

Investments (Tables)

Investments (Tables)	9 Months Ended
Investments (Tables)	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Realized Investment Gains and Losses	The table below presents realized gains and losses for the periods indicated. Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Available-for-sale debt securities: Realized gains on disposal $ 231 27 344 5,254 Realized losses on disposal — (190) — (193) Real estate gains (losses) — 908 (20) 1,244 Other 25,652 — 25,652 — Totals $ 25,883 745 25,976 6,305
Schedule of Debt Securities, Available-for-Sale Securities	The table below presents amortized costs and fair values of debt securities available-for-sale at September 30, 2023. Debt Securities Available-for-Sale Amortized Gross Gross Fair Allowance for Credit Losses (In thousands) U.S. agencies $ 12,102 — (460) 11,642 — U.S. Treasury 2,820 — (141) 2,679 — States and political subdivisions 454,240 97 (79,618) 374,719 — Foreign governments 62,951 — (19,551) 43,400 — Public utilities 611,901 — (76,290) 535,611 — Corporate 5,665,482 9 (648,756) 5,016,735 — Commercial mortgage-backed 22,452 — (2,023) 20,429 — Residential mortgage-backed 265,707 3 (19,150) 246,560 — Asset-backed 896,488 300 (96,009) 800,779 — Totals $ 7,994,143 409 (941,998) 7,052,554 — The table below presents amortized costs and fair values of debt securities available-for-sale at December 31, 2022. Debt Securities Available-for-Sale Amortized Gross Gross Fair Allowance for Credit Losses (In thousands) U.S. agencies $ 21,003 — (377) 20,626 — U.S. Treasury 2,813 6 (90) 2,729 — States and political subdivisions 476,338 668 (65,507) 411,499 — Foreign governments 62,964 — (17,076) 45,888 — Public utilities 681,785 117 (66,765) 615,137 — Corporate 6,199,886 1,940 (570,255) 5,631,571 — Commercial mortgage-backed 21,965 — (1,680) 20,285 — Residential mortgage-backed 337,186 183 (16,338) 321,031 — Asset-backed 634,820 168 (92,121) 542,867 — Totals $ 8,438,760 3,082 (830,209) 7,611,633 —
Schedule of Gross Unrealized Losses and Fair Values of Debt Securities, Available-for-Sale Investments, Continuous Unrealized Loss Position	The following table shows the gross unrealized losses and fair values of the Company's available-for-sale debt securities by investment category and length of time the individual securities have been in a continuous unrealized loss position at September 30, 2023. Debt Securities Available-for-Sale Less than 12 Months 12 Months or Greater Total Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) U.S. agencies $ 4,539 (296) 7,103 (164) 11,642 (460) U.S. Treasury 1,003 (11) 1,676 (130) 2,679 (141) States and political subdivisions 46,636 (2,704) 312,203 (76,914) 358,839 (79,618) Foreign governments — — 43,400 (19,551) 43,400 (19,551) Public utilities 2,434 (19) 533,177 (76,271) 535,611 (76,290) Corporate 260,567 (12,271) 4,702,597 (636,485) 4,963,164 (648,756) Commercial mortgage-backed 4,846 (153) 15,583 (1,870) 20,429 (2,023) Residential mortgage-backed 28,534 (1,207) 217,726 (17,943) 246,260 (19,150) Asset-backed 146,237 (5,195) 608,626 (90,814) 754,863 (96,009) Totals $ 494,796 (21,856) 6,442,091 (920,142) 6,936,887 (941,998) The following table shows the gross unrealized losses and fair values of the Company's available-for-sale debt securities by investment category and length of time that the individual securities have been in a continuous unrealized loss position at December 31, 2022. Debt Securities Available-for-Sale Less than 12 Months 12 Months or Greater Total Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) U.S. agencies $ 20,626 (377) — — 20,626 (377) U.S. Treasury 1,749 (90) — — 1,749 (90) States and political subdivisions 346,009 (55,014) 28,420 (10,493) 374,429 (65,507) Foreign governments 22,591 (7,658) 23,296 (9,420) 45,887 (17,078) Public utilities 601,824 (61,970) 10,747 (4,795) 612,571 (66,765) Corporate 4,985,075 (432,492) 434,625 (137,763) 5,419,700 (570,255) Commercial mortgage-backed 20,285 (1,680) — — 20,285 (1,680) Residential mortgage-backed 307,410 (16,338) — — 307,410 (16,338) Asset-backed 368,132 (59,936) 156,719 (32,185) 524,851 (92,121) Totals $ 6,673,701 (635,555) 653,807 (194,656) 7,327,508 (830,211)
Schedule of Investments Classified by Contractual Maturity Date	The amortized cost and fair value of investments in debt securities available-for-sale at September 30, 2023, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Debt Securities Available-for-Sale Amortized Cost Fair Value (In thousands) Due in 1 year or less $ 845,731 835,118 Due after 1 year through 5 years 2,725,641 2,576,629 Due after 5 years through 10 years 1,303,748 1,123,633 Due after 10 years 1,934,376 1,449,406 6,809,496 5,984,786 Mortgage and asset-backed securities 1,184,647 1,067,768 Totals before allowance for credit losses 7,994,143 7,052,554 Allowance for credit losses — — Totals $ 7,994,143 7,052,554
Schedule of Mortgage Loans by Loan-to-Value Ratio	The following table represents the mortgage loan portfolio by loan-to-value ratio. September 30, 2023 December 31, 2022 Amount % Amount % (In thousands) (In thousands) Mortgage Loans by Loan-to-Value Ratio (1): Less than 50% $ 114,675 23.1 $ 100,757 19.7 50% to 60% 158,291 31.9 145,093 28.4 60% to 70% 192,448 38.8 217,445 42.6 70% to 80% 30,183 6.2 47,300 9.3 Gross balance 495,597 100.0 510,595 100.0 Market value adjustment (1,242) (0.3) (1,290) (0.3) Allowance for credit losses (4,296) (0.9) (3,575) (0.7) Totals $ 490,059 98.8 $ 505,730 99.0 (1) Loan-to-Value Ratio is determined using the most recent appraised value. Appraisals are required at the time of funding and may be updated if a material change occurs from the original loan agreement.
Schedule of Allowance for Mortgage Loans	The following table represents the mortgage loan allowance for credit losses. Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Mortgage Loans Allowance for Credit Losses: Balance, beginning of the period $ 3,736 2,573 3,575 2,987 Provision during the period 560 1,225 721 811 Total ending allowance for credit losses $ 4,296 3,798 4,296 3,798

Fair Value of Financial Instrum

Fair Value of Financial Instruments (Tables)	9 Months Ended
Fair Value of Financial Instruments (Tables)	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities that are Measured at Fair Value on a Recurring Basis	The following tables set forth the Company’s assets and liabilities that are measured at fair value on a recurring basis as of the date indicated. September 30, 2023 Total Level 1 Level 2 Level 3 (In thousands) Debt securities, available-for-sale $ 7,052,554 — 6,562,141 490,413 Debt securities, trading 1,000,355 — 872,462 127,893 Equity securities 21,913 18,475 3,438 — Mortgage loans 19,285 — — 19,285 Derivatives, index options 55,278 — — 55,278 Short-term investments 7,821 — 7,821 — Total assets $ 8,157,206 18,475 7,445,862 692,869 Policyholder account balances (a) $ 383,034 — — 383,034 Market risk benefits liabilities, net (b) 172,266 — — 172,266 Embedded derivative contra-liability (c) (349,275) — (338,252) (11,023) Other liabilities (d) 61,379 — — 61,379 Total liabilities $ 267,404 — (338,252) 605,656 (a) Represents the fair value of certain product-related embedded derivatives that were recorded at fair value. (b) Represents the fair value of the net market risk benefits liability which is recorded at fair value. (c) Represents the embedded derivative for funds withheld which is recorded at fair value. (d) Represents the liability for share-based compensation which is recorded at fair value. December 31, 2022 Total Level 1 Level 2 Level 3 (In thousands) Debt securities, available-for-sale $ 7,611,633 — 7,148,838 462,795 Debt security, trading 1,065,993 — 942,756 123,237 Equity securities 22,076 18,407 3,669 — Mortgage loans 19,334 — — 19,334 Derivatives, index options 23,669 — — 23,669 Short-term investments 3,937 — 3,937 — Total assets $ 8,746,642 18,407 8,099,200 629,035 Policyholder account balances (a) $ 387,686 — — 387,686 Market risk benefits liabilities, net (b) 167,018 — — 167,018 Embedded derivative contra-liability (c) (334,955) — (324,712) (10,243) Other liabilities (d) 20,542 — — 20,542 Total liabilities $ 240,291 — (324,712) 565,003 (a) Represents the fair value of certain product-related embedded derivatives that were recorded at fair value. (b) Represents the fair value of the net market risk benefits liability which is recorded at fair value. (c) Represents the embedded derivative for funds withheld which is recorded at fair value. (d) Represents the liability for share-based compensation which is recorded at fair value.
Schedule of Assets by Pricing Source and Fair Value Hierarchy Level	The following tables present, by pricing source and fair value hierarchy level, the Company's assets that are measured at fair value on a recurring basis. September 30, 2023 Total Level 1 Level 2 Level 3 (In thousands) Debt securities, available-for-sale: Priced by third-party vendors $ 6,948,649 — 6,562,141 386,508 Priced internally 103,905 — — 103,905 Subtotal 7,052,554 — 6,562,141 490,413 Debt securities, trading: Priced by third-party vendors 1,000,355 — 872,462 127,893 Priced internally — — — — Subtotal 1,000,355 — 872,462 127,893 Equity securities: Priced by third-party vendors 21,913 18,475 3,438 — Priced internally — — — — Subtotal 21,913 18,475 3,438 — Mortgage loans: Priced by third-party vendors — — — — Priced internally 19,285 — — 19,285 Subtotal 19,285 — — 19,285 Derivatives, index options: Priced by third-party vendors 55,278 — — 55,278 Priced internally — — — — Subtotal 55,278 — — 55,278 Short-term Investments: Priced by third-party vendors 7,821 — 7,821 — Priced internally — — — — Subtotal 7,821 — 7,821 — Total $ 8,157,206 18,475 7,445,862 692,869 Percent of total 100.0 % 0.2 % 91.3 % 8.5 % December 31, 2022 Total Level 1 Level 2 Level 3 (In thousands) Debt securities, available-for-sale: Priced by third-party vendors $ 7,535,630 — 7,148,838 386,792 Priced internally 76,003 — — 76,003 Subtotal 7,611,633 — 7,148,838 462,795 Debt securities, trading: Priced by third-party vendors 1,065,993 — 942,756 123,237 Priced internally — — — — Subtotal 1,065,993 — 942,756 123,237 Equity securities: Priced by third-party vendors 22,076 18,407 3,669 — Priced internally — — — — Subtotal 22,076 18,407 3,669 — Mortgage loans: Priced by third-party vendors — — — — Priced internally 19,334 — — 19,334 Subtotal 19,334 — — 19,334 Derivatives, index options: Priced by third-party vendors 23,669 — — 23,669 Priced internally — — — — Subtotal 23,669 — — 23,669 Short-term investments: Priced by third-party vendors 3,937 — 3,937 — Priced internally — — — — Subtotal 3,937 — 3,937 — Total $ 8,746,642 18,407 8,099,200 629,035 Percent of total 100.0 % 0.2 % 92.6 % 7.2 %
Schedule of Significant Unobservable Inputs for Fair Value Measurements	The following tables provide additional information about fair value measurements for Level 3 for which significant unobservable inputs were utilized to determine fair value. Three Months Ended September 30, 2023 Total Assets Debt Securities, Available-for-Sale Trading Securities Derivatives, Index Options Mortgage Loans Total Assets (In thousands) Beginning balance, July 1, 2023 $ 483,980 141,624 72,863 19,422 717,889 Total realized and unrealized gains (losses): Included in net earnings — (1,492) (19,809) (104) (21,405) Included in other comprehensive income (loss) (16,193) — — — (16,193) Purchases, sales, issuances and settlements, net: Purchases 28,582 2,223 14,070 — 44,875 Settlements (5,956) (14,462) (11,846) (33) (32,297) Balance at end of period September 30, 2023 $ 490,413 127,893 55,278 19,285 692,869 Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period: Net investment income $ — (1,492) (24,785) (104) (26,381) Total $ — (1,492) (24,785) (104) (26,381) Three Months Ended September 30, 2023 Total Liabilities Embedded Derivative on Funds Withheld Liability Policyholder Account Balances Other Liabilities Market Risk Benefits Liabilities, net Total Liabilities Beginning balance, July 1, 2023 $ (9,426) 430,320 50,295 208,803 679,992 Total realized and unrealized (gains) losses: Included in net earnings (1,597) (49,510) 11,068 (36,514) (76,553) Purchases, sales, issuances and settlements, net: Purchases — 14,070 — — 14,070 Issuances — — 239 (23) 216 Settlements — (11,846) (223) — (12,069) Balance at end of period September 30, 2023 $ (11,023) 383,034 61,379 172,266 605,656 Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period: Net investment income $ (1,597) — — — (1,597) Benefits and expenses — (24,785) 11,068 (36,514) (50,231) Total $ (1,597) (24,785) 11,068 (36,514) (51,828) Three Months Ended September 30, 2022 Total Assets Debt Securities, Available-for-Sale Trading Securities Derivatives, Index Options Mortgage Loans Total Assets (In thousands) Beginning balance, July 1, 2022 $ 373,957 99,769 6,071 18,738 498,535 Total realized and unrealized gains (losses): Included in net earnings — (3,102) (12,550) (551) (16,203) Included in other comprehensive income (loss) (12,642) — — — (12,642) Purchases, sales, issuances and settlements, net: Purchases 55,888 3,904 13,386 1,234 74,412 Settlements (6,656) (265) (92) (31) (7,044) Balance at end of period September 30, 2022 $ 410,547 100,306 6,815 19,390 537,058 Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period: Net investment income $ — (3,102) 6,524 (551) 2,871 Benefits and expenses — — — — — Total $ — (3,102) 6,524 (551) 2,871 Three Months Ended September 30, 2022 Total Liabilities Embedded Derivative on Funds Withheld Liability Policyholder Account Balances Other Liabilities Market Risk Benefits Liabilities Total Liabilities (In thousands) Beginning balance, July 1, 2022 $ (6,534) 382,721 9,332 176,758 562,277 Total realized and unrealized (gains) losses: Included in net earnings (3,681) (23,145) (1,319) (26,016) (54,161) Included in other comprehensive income (loss) — — — — — Purchases, sales, issuances and settlements, net: Purchases — 13,386 — — 13,386 Sales — — — — — Issuances — — 155 8 163 Settlements — (92) — — (92) Transfers into (out of) Level 3 — — — — — Balance at end of period September 30, 2022 $ (10,215) 372,870 8,168 150,750 521,573 Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period: Net investment income $ (3,681) — — — (3,681) Benefits and expenses — 6,524 (1,319) (26,016) (20,811) Total $ (3,681) 6,524 (1,319) (26,016) (24,492) Nine Months Ended September 30, 2023 Total Assets Debt Securities, Available-for-Sale Trading Securities Derivatives, Index Options Mortgage Loans Total Assets (In thousands) Beginning balance, January 1, 2023 $ 462,796 123,236 23,669 19,334 629,035 Total realized and unrealized gains (losses): Included in net earnings — (828) 4,045 48 3,265 Included in other comprehensive income (loss) (11,338) — — — (11,338) Purchases, sales, issuances and settlements, net: Purchases 64,239 30,985 39,680 — 134,904 Sales — — — — — Issuances — — — — — Settlements (25,284) (25,500) (12,116) (97) (62,997) Transfers into (out of) Level 3 — — — — — Balance at end of period September 30, 2023 $ 490,413 127,893 55,278 19,285 692,869 Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period: Net investment income $ — (828) 289 48 (491) Benefits and expenses — — — — — Total $ — (828) 289 48 (491) Nine Months Ended September 30, 2023 Total Liabilities Embedded Derivative on Funds Withheld Liability Policyholder Account Balances Other Liabilities Market Risk Benefits Liabilities Total Liabilities (In thousands) Beginning balance, January 1, 2023 $ (10,243) 387,686 20,542 167,018 565,003 Total realized and unrealized (gains) losses: Included in net earnings (780) (32,216) 43,336 5,184 15,524 Included in other comprehensive income (loss) — — — — — Purchases, sales, issuances and settlements, net: Purchases — 39,680 — — 39,680 Sales — — — — — Issuances — — 261 64 325 Settlements — (12,116) (2,760) — (14,876) Transfers into (out of) Level 3 — — — — — Balance at end of period September 30, 2023 $ (11,023) 383,034 61,379 172,266 605,656 Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period: Net investment income $ (780) — — — (780) Benefits and expenses — 289 43,336 5,184 48,809 Total $ (780) 289 43,336 5,184 48,029 Nine Months Ended September 30, 2022 Total Assets Debt Securities, Available-for-Sale Trading Securities Derivatives, Index Options Mortgage Loans Total Assets (In thousands) Beginning balance, January 1, 2022 $ 326,962 74,822 101,622 8,469 511,875 Total realized and unrealized gains (losses): Included in net earnings — (9,705) (89,173) (1,679) (100,557) Included in other comprehensive income (loss) (43,335) — — — (43,335) Purchases, sales, issuances and settlements, net: Purchases 151,872 35,454 39,642 12,693 239,661 Sales — — — — — Issuances — — — — — Settlements (24,952) (265) (45,276) (93) (70,586) Transfers into (out of) Level 3 — — — — — Balance at end of period September 30, 2022 $ 410,547 100,306 6,815 19,390 537,058 Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period: Net investment income $ — (9,705) (52,858) (1,679) (64,242) Benefits and expenses — — — — — Total $ — (9,705) (52,858) (1,679) (64,242) Nine Months Ended September 30, 2022 Total Liabilities Embedded Derivative on Funds Withheld Liability Policyholder Account Balances Other Liabilities Market Risk Benefits Liabilities Total Liabilities (In thousands) Beginning balance, January 1, 2022 $ — 550,596 7,869 299,833 858,298 Total realized and unrealized (gains) losses: Included in net earnings (11,384) (172,092) 1,192 (149,503) (331,787) Included in other comprehensive income (loss) — — — — — Purchases, sales, issuances and settlements, net: Purchases — 39,642 — — 39,642 Sales — — — — — Issuances — — 184 420 604 Settlements — (45,276) (1,077) — (46,353) Transfers into (out of) Level 3 1,169 — — — 1,169 Balance at end of period September 30, 2022 $ (10,215) 372,870 8,168 150,750 521,573 Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period: Net investment income $ (11,384) — — — (11,384) Benefits and expenses — (52,858) 1,193 (149,503) (201,168) Total $ (11,384) (52,858) 1,193 (149,503) (212,552)
Schedule of Quantitative Information of Level 3 Assets	The following table presents the valuation method for financial assets and liabilities priced internally and categorized as level 3, as well as the unobservable inputs used in the valuation of those financial instruments: September 30, 2023 Fair Value Valuation Technique Unobservable Input Range (Weighted Average) (In thousands) Assets: Debt securities available-for-sale $ 103,905 Discounted cash flows Discount rate 3.55% - 6.14% (5.04%) Mortgage loans 19,285 Discounted cash flows Spread 175 - 325 bps Total assets $ 123,190 Liabilities: Policyholder account balances $ 383,034 Deterministic cash flow model Projected option cost 0.00% - 9.18% (3.69%) Share-based compensation 61,379 Black-Scholes model Expected term 0.2 to 0.8 years Expected volatility 40.06% Market risk benefits liabilities, net 172,266 Risk-neutral valuation Benefit utilization rates 5.00% - 20.00% (5.00%) Total liabilities $ 616,679 December 31, 2022 Fair Value Valuation Technique Unobservable Input Range (Weighted Average) (In thousands) Assets: Debt securities available-for-sale $ 76,003 Discounted cash flows Discount rate 4.32% - 7.28% (5.79%) Mortgage loans 19,334 Discounted cash flows Spread 150 - 300 bps Total assets $ 95,337 Liabilities: Policyholder account balances $ 387,686 Deterministic cash flow model Projected option cost 0.00% - 5.70% (2.92%) Share-based compensation 20,542 Black-Scholes model Expected term 0.9 to 6.7 years Expected volatility 36.18% Market risk benefits liabilities, net 167,018 Risk-neutral valuation Benefit utilization rates 5.00% - 20.00% (5.00%) Total liabilities $ 575,246
Schedule of Carrying Amounts and Fair Values of the Company's Financial Instruments	The carrying amounts and fair values of the Company's financial instruments are as follows: September 30, 2023 Fair Value Hierarchy Level Carrying Fair Level 1 Level 2 Level 3 (In thousands) ASSETS Debt securities, available-for-sale $ 7,052,554 7,052,554 — 6,562,141 490,413 Debt securities, trading 1,000,355 1,000,355 — 872,462 127,893 Cash and cash equivalents 320,740 320,740 320,740 — — Mortgage loans 490,059 434,094 — — 434,094 Real estate 27,273 47,867 — — 47,867 Policy loans 67,809 81,258 — — 81,258 Other loans 44,478 43,667 — — 43,667 Derivatives, index options 55,278 55,278 — — 55,278 Equity securities 21,913 21,913 18,475 3,438 — Short-term investments 7,821 7,821 — 7,821 — Life interest in Libbie Shearn Moody Trust 7,100 12,775 — — 12,775 Other investments 4,318 4,532 — — 4,532 LIABILITIES Deferred annuity contracts $ 5,049,868 3,626,361 — — 3,626,361 Immediate annuity and supplemental contracts 348,106 350,394 — — 350,394 Market risk benefits liabilities, net 172,266 172,266 — — 172,266 December 31, 2022 Fair Value Hierarchy Level Carrying Fair Level 1 Level 2 Level 3 (In thousands) ASSETS Debt securities, available-for-sale $ 7,611,633 7,611,633 — 7,148,837 462,796 Debt securities, trading 1,065,993 1,065,993 — 942,756 123,237 Cash and cash equivalents 295,270 295,270 295,270 — — Mortgage loans 505,730 457,873 — — 457,873 Real estate 27,712 47,867 — — 47,867 Policy loans 70,495 87,478 — — 87,478 Other loans 31,586 31,915 — — 31,915 Derivatives, index options 23,669 23,669 — — 23,669 Equity securities 22,076 22,076 18,407 3,669 — Short-term investments 3,937 3,937 — 3,937 — Life interest in Libbie Shearn Moody Trust 7,100 12,775 — — 12,775 Other investments 4,513 26,230 — — 26,230 LIABILITIES Deferred annuity contracts $ 5,583,038 3,934,517 — — 3,934,517 Immediate annuity and supplemental contracts 367,128 373,346 — — 373,346 Market risk benefits liabilities, net 167,018 167,018 — — 167,018

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
Derivatives (Tables)	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value of Derivative Instruments	The tables below present the fair value of derivative instruments as of September 30, 2023 and December 31, 2022, respectively. September 30, 2023 Asset Derivatives Liability Derivatives Balance Fair Balance Fair (In thousands) (In thousands) Derivatives not designated as hedging instruments: Equity index options Derivatives, Index Options $ 55,278 Fixed-index products Universal life and annuity contracts $ 383,034 Embedded derivative on reinsurance contract Funds withheld liability (349,275) Total $ 55,278 $ 33,759 December 31, 2022 Asset Derivatives Liability Derivatives Balance Fair Balance Fair (In thousands) (In thousands) Derivatives not designated as hedging instruments: Equity index options Derivatives, Index Options $ 23,669 Fixed-index products Universal life and annuity contracts $ 387,686 Embedded derivative on reinsurance contract Funds withheld liability (334,955) Total $ 23,669 $ 52,731
Schedule of Derivative Instruments in the Condensed Consolidated Statements of Earnings	The table below presents the effect of derivative instruments in the Condensed Consolidated Statements of Earnings for the three months ended September 30, 2023 and 2022. September 30, September 30, Derivatives Not Designated Location of Gain Amount of Gain or (In thousands) Equity index options Net investment income $ (19,655) (12,550) Fixed-index products Universal life and annuity contract interest 49,355 23,145 Embedded derivative on reinsurance contract Net investment income 35,531 70,610 $ 65,231 81,205 The table below presents the effect of derivative instruments in the Condensed Consolidated Statements of Earnings for the nine months ended September 30, 2023 and 2022. September 30, September 30, Derivatives Not Designated Location of Gain Amount of Gain or (In thousands) Equity index options Net investment income $ 5,246 (89,173) Fixed-index products Universal life and annuity contract interest 31,015 172,092 Embedded derivative on reinsurance contract Net investment income 14,320 256,499 $ 50,581 339,418

Intangibles and Goodwill (Table

Intangibles and Goodwill (Tables)	9 Months Ended
Intangibles and Goodwill (Tables)	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Fair Value of Identifiable Intangible Assets Acquired	The gross carrying amounts and accumulated amortization for each specifically identifiable intangible asset were as follows. September 30, 2023 December 31, 2022 Weighted-Average Amortization Period Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization (In thousands) Trademarks/trade names 15 $ 2,800 (871) 2,800 (731) Internally developed software 7 3,800 (2,533) 3,800 (2,126) Insurance licenses N/A 3,000 — 3,000 — $ 9,600 (3,404) 9,600 (2,857)
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	As of September 30, 2023, expected amortization expense relating to purchased intangible assets for each of the next 5 years and thereafter is as follows: Expected (In thousands) Remainder of 2023 $ 182 2024 730 2025 730 2026 232 2027 187 Thereafter 1,135
Schedule of Changes in Carrying Amount of Goodwill	The changes in the carrying amount of goodwill were as follows: September 30, December 31, 2023 2022 (In thousands) Gross goodwill as of beginning of year $ 13,864 13,864 Goodwill resulting from business acquisition — — Gross goodwill, before impairments 13,864 13,864 Accumulated impairment as of beginning of year — — Current year impairments — — Net goodwill as of end of period $ 13,864 13,864

Consolidation and Basis of Pr_3

Consolidation and Basis of Presentation - Narrative (Details) $ in Millions	Jul. 27, 2022 USD ($)
Aspida Life Re Ltd.
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Statutory reserve liabilities ceded to Aspida	$ 250

Consolidation and Basis of Pr_4

Consolidation and Basis of Presentation - Net Unrealized Gains And Losses On Available For Sale Securities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other net investment gains	$ 25,652	$ 0	$ 25,652	$ 0
Earnings before Federal income taxes	98,873	44,898	151,055	289,146
Federal income taxes	34,148	9,710	44,392	59,869
Net earnings	64,725	35,188	106,663	229,277
Unrealized Gains and Losses on Available-for-sale Securities \| Amount Reclassified From Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other net investment gains	231	(163)	344	5,061
Earnings before Federal income taxes	231	(163)	344	5,061
Federal income taxes	48	(34)	72	1,063
Net earnings	$ 183	$ (129)	$ 272	$ 3,998

Consolidation and Basis of Pr_5

Consolidation and Basis of Presentation - Condensed Consolidated Financial Statements (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Assets:
Deferred policy acquisition costs	$ 635,837	$ 673,112	$ 635,837	$ 673,112	$ 663,882	$ 704,353	$ 695,875
Deferred sales inducements	74,928	88,598	74,928	88,598	85,303	102,976	96,378
Value of business acquired	132,004	139,890	132,004	139,890	138,495	149,408
Market risk benefit assets	48,240	51,881	48,240	51,881	48,759
Deferred federal income tax asset	20,173		20,173		9,032
Amounts recoverable from reinsurer, net of allowance for credit losses	1,547,267		1,547,267		1,688,788
Other assets	106,743		106,743		110,691
Total assets	12,059,430		12,059,430		12,782,945
Future policyholder obligations:
Universal life and annuity contracts					0
Traditional life reserves					0
Liability for policyholder account balances	7,078,891	7,859,381	7,078,891	7,859,381	7,661,785	8,220,944	$ 8,378,037
Additional liability for benefits in excess of account balance	158,040		158,040		148,708
Liability for future policy benefits	843,636	922,252	843,636	922,252	900,146
Market risk benefits liability	220,506	202,631	220,506	202,631	215,777
Other liabilities	215,934		215,934		157,482
Total liabilities	9,815,331		9,815,331		10,592,023
STOCKHOLDERS’ EQUITY:
Accumulated other comprehensive income (loss)	(531,705)		(531,705)		(478,219)
Retained earnings	2,734,052		2,734,052		2,627,389
Total stockholders’ equity	2,244,099	2,063,602	2,244,099	2,063,602	2,190,922	2,721,553
Total liabilities and stockholders' equity	12,059,430		12,059,430		12,782,945
Premiums and other revenues:
Universal life and annuity contract charges	34,471	33,810	106,952	99,428
Traditional life and SPIAWLC premiums	21,631	22,337	64,435	71,119
Other revenues	5,741	5,761	16,731	17,136
Total revenues	156,690	142,157	495,481	398,690
Benefits and expenses:
Life and other policy benefits	26,557	27,768	83,435	87,481
Remeasurement gain/loss	8,360	9,827	8,360	9,827
Market risk benefits expense	(29,439)	(33,571)	6,733	(150,069)
Amortization of deferred transaction costs	20,326	21,613	63,600	67,549
Universal life and annuity contract interest	(10,417)	42,235	52,742	2,466
Total benefits and expenses	57,817	97,259	344,426	109,544
Federal income taxes	34,148	9,710	44,392	59,869
Net earnings	64,725	35,188	106,663	229,277
Condensed Consolidated Statement of Changes in Stockholders' Equity
Total stockholders’ equity, beginning of period		2,263,175	2,190,922	2,721,553
Net earnings	64,725	35,188	106,663	229,277
Other comprehensive income (loss), net of income tax	(143,757)	(287,338)	(90,152)	(1,094,529)
Change during period	(98,826)	(234,761)	(53,486)	(887,228)
Total stockholders’ equity, end of period	2,244,099	2,063,602	2,244,099	2,063,602
Cash flows from operating activities:
Net earnings	64,725	35,188	106,663	229,277
Universal life and annuity contract interest	(10,417)	42,235	52,742	2,466
(Increase) decrease in deferred policy acquisition and sales inducement costs, and value of business acquired			44,911	24,298
(Increase) decrease in reinsurance recoverable			141,521	142,466
(Increase) decrease in other assets (Note 1)			(16,059)	(311)
Increase (decrease) in liabilities for future policy benefits			30,635	10,064
Increase (decrease) in market risk benefits liability			5,248	(149,083)
Increase (decrease) in deferred Federal income tax			3,077	53,023
Increase (decrease) in other liabilities (Note 1)			58,613	(15,188)
Net cash provided by operating activities			199,555	231,736
Cash flows from financing activities:
Deposits to account balances for universal life and annuity contracts (Note 1)			75,303	252,873
Return of account balances on universal life and annuity contracts (Note 1)			(722,477)	(628,900)
Net cash provided by (used in) financing activities			(647,429)	(376,281)
Effect of foreign exchange			11	439
Retained earnings:
STOCKHOLDERS’ EQUITY:
Total stockholders’ equity	2,734,052	2,611,429	2,734,052	2,611,429	2,627,389	2,382,152
Benefits and expenses:
Net earnings	64,725	35,188	106,663	229,277
Condensed Consolidated Statement of Changes in Stockholders' Equity
Total stockholders’ equity, beginning of period	2,669,327	2,576,241	2,627,389	2,382,152
Net earnings	64,725	35,188	106,663	229,277
Total stockholders’ equity, end of period	2,734,052	2,611,429	2,734,052	2,611,429
Cash flows from operating activities:
Net earnings	64,725	35,188	106,663	229,277
Total Accumulated Other Comprehensive Income (Loss):
STOCKHOLDERS’ EQUITY:
Total stockholders’ equity	(531,705)	(589,579)	(531,705)	(589,579)	(478,219)	297,649
Condensed Consolidated Statement of Changes in Stockholders' Equity
Total stockholders’ equity, beginning of period		(354,818)	(478,219)	297,649
Change during period		(234,761)		(887,228)
Total stockholders’ equity, end of period	(531,705)	(589,579)	(531,705)	(589,579)
Accumulated Other Comprehensive Income (Loss):
STOCKHOLDERS’ EQUITY:
Total stockholders’ equity	(743,855)	(731,418)	(743,855)	(731,418)	(653,431)	367,109
Condensed Consolidated Statement of Changes in Stockholders' Equity
Total stockholders’ equity, beginning of period	(599,915)	(444,209)	(653,431)	367,109
Other comprehensive income (loss), net of income tax	(143,940)	(287,209)	(90,424)	(1,098,527)
Total stockholders’ equity, end of period	(743,855)	(731,418)	(743,855)	(731,418)
Change in LFPB due to discount rate changes:
STOCKHOLDERS’ EQUITY:
Total stockholders’ equity	208,826	147,429	208,826	147,429	170,701	(60,121)
Condensed Consolidated Statement of Changes in Stockholders' Equity
Total stockholders’ equity, beginning of period	163,331	96,167	170,701	(60,121)
Impact of discount rate changes during the period		51,262		207,550
Total stockholders’ equity, end of period	208,826	147,429	208,826	147,429
Foreign currency translation adjustments:
STOCKHOLDERS’ EQUITY:
Total stockholders’ equity	6,459	6,374	6,459	6,374	6,450	6,028
Condensed Consolidated Statement of Changes in Stockholders' Equity
Total stockholders’ equity, beginning of period	6,442	6,323	6,450	6,028
Change in translation adjustments during period	17	51	9	346
Total stockholders’ equity, end of period	6,459	6,374	6,459	6,374
Class A (Note 4)
Benefits and expenses:
Net earnings	$ 62,895	$ 34,193	$ 103,647	$ 222,793
Basic earnings per share:
Basic earnings per share (in dollars per share)	$ 18.30	$ 9.95	$ 30.17	$ 64.84
Diluted earnings per share:
Diluted earnings per share (in dollars per share)	$ 18.30	$ 9.95	$ 30.17	$ 64.84
Condensed Consolidated Statement of Changes in Stockholders' Equity
Net earnings	$ 62,895	$ 34,193	$ 103,647	$ 222,793
Cash flows from operating activities:
Net earnings	62,895	34,193	103,647	222,793
Class B (Note 4)
Benefits and expenses:
Net earnings	$ 1,830	$ 995	$ 3,016	$ 6,484
Basic earnings per share:
Basic earnings per share (in dollars per share)	$ 9.15	$ 4.98	$ 15.08	$ 32.42
Diluted earnings per share:
Diluted earnings per share (in dollars per share)	$ 9.15	$ 4.98	$ 15.08	$ 32.42
Condensed Consolidated Statement of Changes in Stockholders' Equity
Net earnings	$ 1,830	$ 995	$ 3,016	$ 6,484
Cash flows from operating activities:
Net earnings	$ 1,830	995	3,016	6,484
As previously Reported
Assets:
Deferred policy acquisition costs					909,786
Deferred sales inducements					114,399
Value of business acquired					146,494
Market risk benefit assets					0
Deferred federal income tax asset					57,867
Amounts recoverable from reinsurer, net of allowance for credit losses					1,723,347
Other assets					110,339
Total assets					13,100,227
Future policyholder obligations:
Universal life and annuity contracts					8,498,684
Traditional life reserves					919,650
Liability for policyholder account balances					0
Additional liability for benefits in excess of account balance					0
Liability for future policy benefits					0
Market risk benefits liability					0
Other liabilities					166,557
Total liabilities					11,093,016
STOCKHOLDERS’ EQUITY:
Accumulated other comprehensive income (loss)					(416,397)
Retained earnings					2,381,856
Total stockholders’ equity		1,937,416		1,937,416	2,007,211	2,539,691
Total liabilities and stockholders' equity					13,100,227
Premiums and other revenues:
Universal life and annuity contract charges		36,063		101,406
Traditional life and SPIAWLC premiums		21,639		65,619
Other revenues		5,922		17,297
Total revenues		143,873		395,329
Benefits and expenses:
Life and other policy benefits		37,356		114,432
Remeasurement gain/loss		0		0
Market risk benefits expense		0		0
Amortization of deferred transaction costs		31,679		88,451
Universal life and annuity contract interest		17,548		(11,058)
Total benefits and expenses		115,970		284,115
Federal income taxes		6,142		22,504
Net earnings		21,761		88,710
Condensed Consolidated Statement of Changes in Stockholders' Equity
Total stockholders’ equity, beginning of period		2,095,549	2,007,211	2,539,691
Net earnings		21,761		88,710
Total stockholders’ equity, end of period		1,937,416		1,937,416
Cash flows from operating activities:
Net earnings		21,761		88,710
Universal life and annuity contract interest		17,548		(11,058)
(Increase) decrease in deferred policy acquisition and sales inducement costs, and value of business acquired				47,694
(Increase) decrease in reinsurance recoverable				81,454
(Increase) decrease in other assets (Note 1)				(333)
Increase (decrease) in liabilities for future policy benefits				93,088
Increase (decrease) in market risk benefits liability				0
Increase (decrease) in deferred Federal income tax				15,658
Increase (decrease) in other liabilities (Note 1)				(15,347)
Net cash provided by operating activities				234,590
Cash flows from financing activities:
Deposits to account balances for universal life and annuity contracts (Note 1)				258,248
Return of account balances on universal life and annuity contracts (Note 1)				(637,119)
Net cash provided by (used in) financing activities				(379,125)
Effect of foreign exchange				429
As previously Reported \| Retained earnings:
STOCKHOLDERS’ EQUITY:
Total stockholders’ equity		2,370,696		2,370,696	2,381,856	2,281,986
Benefits and expenses:
Net earnings		21,761		88,710
Condensed Consolidated Statement of Changes in Stockholders' Equity
Total stockholders’ equity, beginning of period		2,348,935	2,381,856	2,281,986
Net earnings		21,761		88,710
Total stockholders’ equity, end of period		2,370,696		2,370,696
Cash flows from operating activities:
Net earnings		21,761		88,710
As previously Reported \| Total Accumulated Other Comprehensive Income (Loss):
STOCKHOLDERS’ EQUITY:
Total stockholders’ equity		(475,032)		(475,032)	(416,397)	215,953
Condensed Consolidated Statement of Changes in Stockholders' Equity
Total stockholders’ equity, beginning of period		(295,138)	(416,397)	215,953
Change during period		(179,894)		(690,985)
Total stockholders’ equity, end of period		(475,032)		(475,032)
As previously Reported \| Accumulated Other Comprehensive Income (Loss):
STOCKHOLDERS’ EQUITY:
Total stockholders’ equity		(468,507)		(468,507)	(419,965)	226,220
Condensed Consolidated Statement of Changes in Stockholders' Equity
Total stockholders’ equity, beginning of period		(287,430)	(419,965)	226,220
Other comprehensive income (loss), net of income tax		(181,077)		(694,727)
Total stockholders’ equity, end of period		(468,507)		(468,507)
As previously Reported \| Change in LFPB due to discount rate changes:
STOCKHOLDERS’ EQUITY:
Total stockholders’ equity		0		0	0	0
Condensed Consolidated Statement of Changes in Stockholders' Equity
Total stockholders’ equity, beginning of period		0	0	0
Impact of discount rate changes during the period		0		0
Total stockholders’ equity, end of period		0		0
As previously Reported \| Foreign currency translation adjustments:
STOCKHOLDERS’ EQUITY:
Total stockholders’ equity		5,439		5,439	5,507	5,100
Condensed Consolidated Statement of Changes in Stockholders' Equity
Total stockholders’ equity, beginning of period		5,391	5,507	5,100
Change in translation adjustments during period		48		339
Total stockholders’ equity, end of period		$ 5,439		$ 5,439
As previously Reported \| Class A (Note 4)
Basic earnings per share:
Basic earnings per share (in dollars per share)		$ 6.15		$ 25.09
Diluted earnings per share:
Diluted earnings per share (in dollars per share)		6.15		25.09
As previously Reported \| Class B (Note 4)
Basic earnings per share:
Basic earnings per share (in dollars per share)		3.08		12.54
Diluted earnings per share:
Diluted earnings per share (in dollars per share)		$ 3.08		$ 12.54
Effect of Change
Assets:
Deferred policy acquisition costs					(245,904)
Deferred sales inducements					(29,096)
Value of business acquired					(7,999)
Market risk benefit assets					48,759
Deferred federal income tax asset					(48,835)
Amounts recoverable from reinsurer, net of allowance for credit losses					(34,559)
Other assets					352
Total assets					(317,282)
Future policyholder obligations:
Universal life and annuity contracts					(8,498,684)
Traditional life reserves					(919,650)
Liability for policyholder account balances					7,661,785
Additional liability for benefits in excess of account balance					148,708
Liability for future policy benefits					900,146
Market risk benefits liability					215,777
Other liabilities					(9,075)
Total liabilities					(500,993)
STOCKHOLDERS’ EQUITY:
Accumulated other comprehensive income (loss)					(61,822)
Retained earnings					245,533
Total stockholders’ equity		$ 126,186		$ 126,186	183,711	181,862
Total liabilities and stockholders' equity					(317,282)
Premiums and other revenues:
Universal life and annuity contract charges		(2,253)		(1,978)
Traditional life and SPIAWLC premiums		698		5,500
Other revenues		(161)		(161)
Total revenues		(1,716)		3,361
Benefits and expenses:
Life and other policy benefits		(9,588)		(26,951)
Remeasurement gain/loss		9,827		9,827
Market risk benefits expense		(33,571)		(150,069)
Amortization of deferred transaction costs		(10,066)		(20,902)
Universal life and annuity contract interest		24,687		13,524
Total benefits and expenses		(18,711)		(174,571)
Federal income taxes		3,568		37,365
Net earnings		13,427		140,567
Condensed Consolidated Statement of Changes in Stockholders' Equity
Total stockholders’ equity, beginning of period		167,626	183,711	181,862
Net earnings		13,427		140,567
Total stockholders’ equity, end of period		126,186		126,186
Cash flows from operating activities:
Net earnings		13,427		140,567
Universal life and annuity contract interest		24,687		13,524
(Increase) decrease in deferred policy acquisition and sales inducement costs, and value of business acquired				(23,396)
(Increase) decrease in reinsurance recoverable				61,012
(Increase) decrease in other assets (Note 1)				22
Increase (decrease) in liabilities for future policy benefits				(83,024)
Increase (decrease) in market risk benefits liability				(149,083)
Increase (decrease) in deferred Federal income tax				37,365
Increase (decrease) in other liabilities (Note 1)				159
Net cash provided by operating activities				(2,854)
Cash flows from financing activities:
Deposits to account balances for universal life and annuity contracts (Note 1)				(5,375)
Return of account balances on universal life and annuity contracts (Note 1)				8,219
Net cash provided by (used in) financing activities				2,844
Effect of foreign exchange				10
Effect of Change \| Retained earnings:
STOCKHOLDERS’ EQUITY:
Total stockholders’ equity		240,733		240,733	245,533	100,166
Benefits and expenses:
Net earnings		13,427		140,567
Condensed Consolidated Statement of Changes in Stockholders' Equity
Total stockholders’ equity, beginning of period		227,306	245,533	100,166
Net earnings		13,427		140,567
Total stockholders’ equity, end of period		240,733		240,733
Cash flows from operating activities:
Net earnings		13,427		140,567
Effect of Change \| Total Accumulated Other Comprehensive Income (Loss):
STOCKHOLDERS’ EQUITY:
Total stockholders’ equity		(114,547)		(114,547)	(61,822)	81,696
Condensed Consolidated Statement of Changes in Stockholders' Equity
Total stockholders’ equity, beginning of period		(59,680)	(61,822)	81,696
Change during period		(54,867)		(196,243)
Total stockholders’ equity, end of period		(114,547)		(114,547)
Effect of Change \| Accumulated Other Comprehensive Income (Loss):
STOCKHOLDERS’ EQUITY:
Total stockholders’ equity		(262,911)		(262,911)	(233,466)	140,889
Condensed Consolidated Statement of Changes in Stockholders' Equity
Total stockholders’ equity, beginning of period		(156,779)	(233,466)	140,889
Other comprehensive income (loss), net of income tax		(106,132)		(403,800)
Total stockholders’ equity, end of period		(262,911)		(262,911)
Effect of Change \| Change in LFPB due to discount rate changes:
STOCKHOLDERS’ EQUITY:
Total stockholders’ equity		147,429		147,429	170,701	(60,121)
Condensed Consolidated Statement of Changes in Stockholders' Equity
Total stockholders’ equity, beginning of period		96,167	170,701	(60,121)
Impact of discount rate changes during the period		51,262		207,550
Total stockholders’ equity, end of period		147,429		147,429
Effect of Change \| Foreign currency translation adjustments:
STOCKHOLDERS’ EQUITY:
Total stockholders’ equity		935		935	$ 943	$ 928
Condensed Consolidated Statement of Changes in Stockholders' Equity
Total stockholders’ equity, beginning of period		932	$ 943	928
Change in translation adjustments during period		3		7
Total stockholders’ equity, end of period		$ 935		$ 935
Effect of Change \| Class A (Note 4)
Basic earnings per share:
Basic earnings per share (in dollars per share)		$ 3.80		$ 39.75
Diluted earnings per share:
Diluted earnings per share (in dollars per share)		3.80		39.75
Effect of Change \| Class B (Note 4)
Basic earnings per share:
Basic earnings per share (in dollars per share)		1.90		19.88
Diluted earnings per share:
Diluted earnings per share (in dollars per share)		$ 1.90		$ 19.88

New Accounting Pronouncements -

New Accounting Pronouncements - Balance of and Changes in Deferred Policy Acquisition Costs ("DPAC") and Deferred Sales Inducements ("DSI") (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
DPAC Balances	$ 635,837	$ 663,882	$ 673,112	$ 704,353	$ 695,875
DSI Balances	74,928	85,303	88,598	102,976	96,378
VOBA	132,004	138,495	139,890	149,408
As previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
DPAC Balances		909,786
DSI Balances		114,399
VOBA		146,494
Domestic Traditional Life
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
DPAC Balances	2,960	3,159	3,230	3,448	4,014
DSI Balances	0	0	0	0	0
VOBA				0
Domestic Traditional Life \| As previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
DPAC Balances					4,014
DSI Balances					0
Domestic Traditional Life \| Removal of shadow balances in Accumulated other comprehensive income (loss)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
DPAC Balances					0
DSI Balances					0
Domestic Universal Life
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
DPAC Balances	178,108	176,034	175,737	167,748	144,133
DSI Balances	0	0	0	0	0
VOBA				0
Domestic Universal Life \| As previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
DPAC Balances					96,513
DSI Balances					0
Domestic Universal Life \| Removal of shadow balances in Accumulated other comprehensive income (loss)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
DPAC Balances					47,620
DSI Balances					0
International Traditional Life
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
DPAC Balances	10,127	11,151	11,459	12,415	13,399
DSI Balances	0	0	0	0	0
VOBA				0
International Traditional Life \| As previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
DPAC Balances					13,399
DSI Balances					0
International Traditional Life \| Removal of shadow balances in Accumulated other comprehensive income (loss)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
DPAC Balances					0
DSI Balances					0
International Universal Life
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
DPAC Balances	141,480	152,287	156,015	167,556	184,262
DSI Balances	0	0	0	0	0
VOBA				0
International Universal Life \| As previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
DPAC Balances					157,186
DSI Balances					0
International Universal Life \| Removal of shadow balances in Accumulated other comprehensive income (loss)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
DPAC Balances					27,076
DSI Balances					0
SPIAs With Life Contingencies
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
DPAC Balances				0
DSI Balances	0		0	0
VOBA				0
Annuities excl. SPIAs WLC
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
DPAC Balances	285,867	306,489	312,736	341,897	342,278
DSI Balances	74,928	85,303	88,598	102,976	96,378
VOBA				0
Annuities excl. SPIAs WLC \| As previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
DPAC Balances					103,179
DSI Balances					43,845
Annuities excl. SPIAs WLC \| Removal of shadow balances in Accumulated other comprehensive income (loss)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
DPAC Balances					239,099
DSI Balances					52,533
ONL & Affiliates
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
DPAC Balances	17,295	14,762	13,935	11,289	7,789
DSI Balances	$ 0	$ 0	$ 0	0	0
VOBA				$ 149,408	162,968
ONL & Affiliates \| As previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
DPAC Balances					7,789
DSI Balances					0
ONL & Affiliates \| Removal of shadow balances in Accumulated other comprehensive income (loss)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
DPAC Balances					0
DSI Balances					$ 0

New Accounting Pronouncements_3

New Accounting Pronouncements - Liability for Policyholder Account Balances (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2020
Policyholder Account Balance [Roll Forward]
Beginning balance	$ 7,661,785	$ 8,220,944	$ 8,378,037
Ending balance	7,078,891	7,859,381	8,220,944
Additional Liability, Long-Duration Insurance [Roll Forward]
Interest accrual	2,383	3,736
Adjusted balance, December 31, 2021	158,040	148,684	115,151		$ 119,374
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Balance, beginning of period		1,234,748	1,302,788
Balance, end of period			1,234,748
Market Risk Benefit [Roll Forward]
Beginning balance		299,833	301,601
Transfer of balances from UL and annuity contracts					205,611
Balance, beginning of year, before effect of changes in instrument-specific credit risk:		299,833	301,601
Issuances			3,184
Interest accrual			0
Attributed fees collected			38,182
Benefit payments			0
Effect of changes in interest rates			(36,112)
Effect of changes in equity markets			0
Effect of changes in equity index volatility			0
Actual policyholder behavior different from expected behavior			(7,022)
Effect of changes in future expected policyholder behavior			0
Effect of changes in other future expected assumptions			0
Balance, end of year, before effect of changes in instrument-specific credit risk			299,833
Effect of changes in the instrument-specific credit risk			0
Ending balance			299,833
Less reinsurance recoverable			(68,238)		(73,651)
Adjusted balance, net of reinsurance			231,595		227,950
As previously Reported
Policyholder Account Balance [Roll Forward]
Beginning balance	0
Market Risk Benefit [Roll Forward]
Beginning balance			0
Adjustment for the difference between carrying amount and fair value, except for the difference due to instrument-specific credit risk
Market Risk Benefit [Roll Forward]
Beginning balance			95,990
Adjustment for the cumulative effect of changes in the instrument-specific credit risk
Market Risk Benefit [Roll Forward]
Beginning balance			0
Total adjustment for the difference between carrying amount and fair value
Market Risk Benefit [Roll Forward]
Beginning balance			95,990
Domestic Traditional Life
Policyholder Account Balance [Roll Forward]
Beginning balance		0	0
Ending balance			0
Additional Liability, Long-Duration Insurance [Roll Forward]
Adjusted balance, December 31, 2021			0		0
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Balance, beginning of period		90,469	102,407
Beginning balance at original discount rate	62,839	64,242
Beginning balance at original discount rate		63,536	65,928
Transfer of balances from UL and annuity contracts					(66)
Effect of changes in CF assumptions			0	$ (824)	0
Effect of actual variances from expected experience			(142)	(132)	(525)
Adjusted beginning of period balance			64,100	61,883	65,403
Issuances	0	0	0
Interest accrual	2,851	2,946	4,058
Net premium collected			16
Benefit payments	(3,825)	(3,661)	(6,538)
Derecognition (lapses and withdrawals)	0	0	0
Other	114	137	597
Ending balance at original discount rate			63,536
Effect of changes in discount rate			26,933
Ending balance at original discount rate	61,023	63,522	64,242
Balance, end of period			90,469
Less reinsurance recoverable	(12,665)	(12,431)	(13,841)		(13,680)
Net liability for future policy benefits, after reinsurance	53,119	56,964	76,628		88,727
Market Risk Benefit [Roll Forward]
Beginning balance		0	0
Ending balance			0
Domestic Traditional Life \| As previously Reported
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Beginning balance at original discount rate			56,894
Domestic Traditional Life \| Change in discount rate assumptions
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Effect of changes in CF assumptions					36,479
Domestic Traditional Life \| Change in cash flow assumptions, effect of net premiums exceeding gross premiums
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Effect of changes in CF assumptions					7,937
Domestic Traditional Life \| Change in cash flow assumptions, effect of decrease (increase) of the deferred profit liability
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Effect of changes in CF assumptions					0
Domestic Traditional Life \| Other Adjustments
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Effect of changes in CF assumptions					1,163
Domestic Traditional Life \| Adjustment for removal of related balances in accumulated other comprehensive income
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Effect of changes in CF assumptions					0
Domestic Universal Life
Policyholder Account Balance [Roll Forward]
Beginning balance	1,409,471	1,412,058	1,222,694
Transfer of balances to Additional liabilities in excess of account balance					(45,136)
Transfer of balances to Liability for future policy benefits					66
Transfer of balances to Market risk benefits					0
Change in embedded derivative on reserves					0
Issuances		0	0
Premiums received	85,794	120,956	225,349
Policy charges	(49,789)	(53,411)	(76,147)
Surrenders and withdrawals	(50,399)	(41,785)	(47,483)
Benefit payments	(21,739)	(16,428)	(25,418)
Interest credited	20,509	37,863	89,508
Other	2,218	371	23,555
Ending balance	1,422,079	1,404,857	1,412,058
Less reinsurance recoverable	0	0	0		0
Liability for policyholder account balances, net of reinsurance	1,422,079	1,404,857	1,412,058		1,222,694
Additional Liability, Long-Duration Insurance [Roll Forward]
Beginning balance		54,097	45,136
Beginning balance before shadow reserve adjustments		54,097	45,136
Transfer of balances from universal life ("UL") and annuity contracts					45,136
Effect of changes in cash flow assumptions			3,844	1,870	7,061
Effect of actual variances from expected experience			5,493	5,898	0
Adjusted beginning of period balance			63,434	71,572	52,197
Issuances	0	0	0
Interest accrual	950	1,993	4,767
Assessments collected	15,875	13,436	14,775
Benefit payments	18,318	16,031	17,687
Derecognition (lapses and withdrawals)	0	0	45
Ending balance before shadow reserve adjustments			54,097
Effect of shadow reserve adjustments	0	0	0
Adjusted balance, December 31, 2021	70,040	62,802	54,097	63,804	45,136
Less reinsurance recoverable	0	0	0		0
Ending balance	70,040	62,802	54,097
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Balance, beginning of period		0	0
Balance, end of period			0
Market Risk Benefit [Roll Forward]
Beginning balance		0	0
Ending balance			0
Domestic Universal Life \| As previously Reported
Policyholder Account Balance [Roll Forward]
Beginning balance			1,267,764
Additional Liability, Long-Duration Insurance [Roll Forward]
Adjusted balance, December 31, 2021					0
International Traditional Life
Policyholder Account Balance [Roll Forward]
Beginning balance		0	0
Ending balance			0
Additional Liability, Long-Duration Insurance [Roll Forward]
Adjusted balance, December 31, 2021			0		0
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Balance, beginning of period		81,584	95,402
Beginning balance at original discount rate	100,976	105,103
Beginning balance at original discount rate		64,398	69,270
Transfer of balances from UL and annuity contracts					(107)
Effect of changes in CF assumptions			0	4,433	0
Effect of actual variances from expected experience			(2,098)	(3,872)	(252)
Adjusted beginning of period balance			103,005	101,537	69,018
Issuances	0	0	0
Interest accrual	4,104	4,321	4,391
Net premium collected			5,602
Benefit payments	(4,740)	(3,658)	(17,221)
Derecognition (lapses and withdrawals)	0	0	0
Other	(1,250)	(349)	2,608
Ending balance at original discount rate			64,398
Effect of changes in discount rate			17,186
Ending balance at original discount rate	99,651	103,319	105,103
Balance, end of period			81,584
Less reinsurance recoverable	(532)	(553)	(578)		(607)
Net liability for future policy benefits, after reinsurance	60,325	63,745	81,006		94,795
Market Risk Benefit [Roll Forward]
Beginning balance		0	0
Ending balance			0
International Traditional Life \| As previously Reported
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Beginning balance at original discount rate			70,426
International Traditional Life \| Change in discount rate assumptions
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Effect of changes in CF assumptions					26,131
International Traditional Life \| Change in cash flow assumptions, effect of net premiums exceeding gross premiums
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Effect of changes in CF assumptions					0
International Traditional Life \| Change in cash flow assumptions, effect of decrease (increase) of the deferred profit liability
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Effect of changes in CF assumptions					0
International Traditional Life \| Other Adjustments
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Effect of changes in CF assumptions					(1,048)
International Traditional Life \| Adjustment for removal of related balances in accumulated other comprehensive income
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Effect of changes in CF assumptions					0
International Universal Life
Policyholder Account Balance [Roll Forward]
Beginning balance	575,096	647,586	677,900
Transfer of balances to Additional liabilities in excess of account balance					(63,046)
Transfer of balances to Liability for future policy benefits					107
Transfer of balances to Market risk benefits					0
Change in embedded derivative on reserves					0
Issuances		0	0
Premiums received	27,508	31,738	46,147
Policy charges	(56,523)	(52,904)	(68,800)
Surrenders and withdrawals	(37,170)	(32,791)	(47,644)
Benefit payments	(1,984)	(1,550)	(2,040)
Interest credited	7,004	13,772	36,902
Other	(614)	1,476	5,121
Ending balance	517,520	593,166	647,586
Less reinsurance recoverable	0	0	0		0
Liability for policyholder account balances, net of reinsurance	517,520	593,166	647,586		677,900
Additional Liability, Long-Duration Insurance [Roll Forward]
Beginning balance		48,336	63,046
Beginning balance before shadow reserve adjustments		48,336	63,046
Transfer of balances from universal life ("UL") and annuity contracts					63,046
Effect of changes in cash flow assumptions			(18)	6,055	(14,524)
Effect of actual variances from expected experience			7,118	(736)	0
Adjusted beginning of period balance			55,436	51,721	48,522
Issuances	0	0	0
Interest accrual	340	1,154	3,264
Assessments collected	7,546	6,011	8,304
Benefit payments	7,610	15,768	10,565
Derecognition (lapses and withdrawals)	0	0	(1,189)
Ending balance before shadow reserve adjustments			48,336
Effect of shadow reserve adjustments	0	0	0
Adjusted balance, December 31, 2021	50,995	47,357	48,336	46,402	63,046
Less reinsurance recoverable	0	0	0		0
Ending balance	50,995	47,357	48,336
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Balance, beginning of period		0	0
Balance, end of period			0
Market Risk Benefit [Roll Forward]
Beginning balance		0	0
Ending balance			0
International Universal Life \| As previously Reported
Policyholder Account Balance [Roll Forward]
Beginning balance			740,839
Additional Liability, Long-Duration Insurance [Roll Forward]
Adjusted balance, December 31, 2021					0
SPIAs With Life Contingencies
Policyholder Account Balance [Roll Forward]
Beginning balance		0	0
Ending balance			0
Additional Liability, Long-Duration Insurance [Roll Forward]
Adjusted balance, December 31, 2021			0		0
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Balance, beginning of period		244,550	238,127
Beginning balance at original discount rate	215,637	223,904
Beginning balance at original discount rate		223,904	200,737
Transfer of balances from UL and annuity contracts					200,894
Effect of changes in CF assumptions			172	0	(316)
Effect of actual variances from expected experience			3,032	3,083	5,724
Adjusted beginning of period balance			227,108	218,720	206,145
Issuances	9,005	9,554	39,338
Interest accrual	5,305	5,440	7,076
Net premium collected			0
Benefit payments	(16,752)	(17,667)	(22,173)
Derecognition (lapses and withdrawals)	(5,032)	(4,927)	(6,840)
Other	(322)	0	358
Ending balance at original discount rate			223,904
Effect of changes in discount rate			20,646
Ending balance at original discount rate	210,924	219,508	223,904
Balance, end of period			244,550
Less reinsurance recoverable	(152,949)	(161,944)	(211,912)		(238,127)
Net liability for future policy benefits, after reinsurance	29,519	29,840	32,638		0
Market Risk Benefit [Roll Forward]
Beginning balance		0	0
Ending balance			0
SPIAs With Life Contingencies \| As previously Reported
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Beginning balance at original discount rate			2,350
SPIAs With Life Contingencies \| Change in discount rate assumptions
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Effect of changes in CF assumptions					37,390
SPIAs With Life Contingencies \| Change in cash flow assumptions, effect of net premiums exceeding gross premiums
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Effect of changes in CF assumptions					0
SPIAs With Life Contingencies \| Change in cash flow assumptions, effect of decrease (increase) of the deferred profit liability
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Effect of changes in CF assumptions					(3,160)
SPIAs With Life Contingencies \| Other Adjustments
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Effect of changes in CF assumptions					653
SPIAs With Life Contingencies \| Adjustment for removal of related balances in accumulated other comprehensive income
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Effect of changes in CF assumptions					0
Annuities excl. SPIAs WLC
Policyholder Account Balance [Roll Forward]
Beginning balance	5,677,218	6,161,300	6,477,443
Transfer of balances to Additional liabilities in excess of account balance					(11,192)
Transfer of balances to Liability for future policy benefits					(200,894)
Transfer of balances to Market risk benefits					(205,611)
Change in embedded derivative on reserves					(131,573)
Issuances		0	0
Premiums received	85,174	196,463	430,846
Policy charges	(22,595)	(22,259)	(28,643)
Surrenders and withdrawals	(446,357)	(369,437)	(580,269)
Benefit payments	(141,361)	(148,832)	(207,302)
Interest credited	41,292	57,969	155,783
Other	(18,877)	(15,216)	(86,558)
Ending balance	5,138,006	5,855,473	6,161,300
Less reinsurance recoverable	(1,135,906)	(1,290,600)	(1,458,076)		(1,677,898)
Liability for policyholder account balances, net of reinsurance	4,002,100	4,564,873	4,703,224		4,799,545
Additional Liability, Long-Duration Insurance [Roll Forward]
Beginning balance		0	0
Beginning balance before shadow reserve adjustments		12,718	11,192
Transfer of balances from universal life ("UL") and annuity contracts					11,192
Effect of changes in cash flow assumptions					0
Effect of actual variances from expected experience					1,512
Adjusted beginning of period balance					12,704
Issuances			0
Interest accrual			459
Assessments collected			749
Benefit payments			1,198
Derecognition (lapses and withdrawals)			4
Ending balance before shadow reserve adjustments			12,718
Effect of shadow reserve adjustments			0
Adjusted balance, December 31, 2021			12,718		11,192
Less reinsurance recoverable			(12,718)		(11,192)
Ending balance			0
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Balance, beginning of period		0	0
Balance, end of period			0
Market Risk Benefit [Roll Forward]
Beginning balance		299,833	301,601
Ending balance			299,833
Annuities excl. SPIAs WLC \| As previously Reported
Policyholder Account Balance [Roll Forward]
Beginning balance			7,026,713
Additional Liability, Long-Duration Insurance [Roll Forward]
Adjusted balance, December 31, 2021					0
ONL & Affiliates
Policyholder Account Balance [Roll Forward]
Beginning balance		0	0
Ending balance			0
Additional Liability, Long-Duration Insurance [Roll Forward]
Adjusted balance, December 31, 2021			0		0
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Balance, beginning of period		818,145	866,852
Beginning balance at original discount rate	1,293,523	1,114,085
Beginning balance at original discount rate		783,232	780,836
Transfer of balances from UL and annuity contracts					0
Effect of changes in CF assumptions			175,122	6,876	0
Effect of actual variances from expected experience			11,758	(3,273)	114
Adjusted beginning of period balance			1,300,965	$ 1,297,126	780,950
Issuances	7,340	5,918	227
Interest accrual	30,313	25,989	23,801
Net premium collected			35,640
Benefit payments	(42,932)	(44,116)	(56,616)
Derecognition (lapses and withdrawals)	0	0	0
Other	(1,694)	(95)	(770)
Ending balance at original discount rate			783,232
Effect of changes in discount rate			34,913
Ending balance at original discount rate	1,290,153	1,288,661	1,114,085
Balance, end of period			818,145
Less reinsurance recoverable	(24,395)	(26,239)	(31,476)		(33,731)
Net liability for future policy benefits, after reinsurance	$ 510,132	570,536	786,669		833,121
Market Risk Benefit [Roll Forward]
Beginning balance		$ 0	0
Ending balance			0
ONL & Affiliates \| As previously Reported
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Beginning balance at original discount rate			$ 768,433
ONL & Affiliates \| Change in discount rate assumptions
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Effect of changes in CF assumptions					86,016
ONL & Affiliates \| Change in cash flow assumptions, effect of net premiums exceeding gross premiums
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Effect of changes in CF assumptions					0
ONL & Affiliates \| Change in cash flow assumptions, effect of decrease (increase) of the deferred profit liability
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Effect of changes in CF assumptions					0
ONL & Affiliates \| Other Adjustments
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Effect of changes in CF assumptions					12,403
ONL & Affiliates \| Adjustment for removal of related balances in accumulated other comprehensive income
Liability for Future Policy Benefit, after Reinsurance [Abstract]
Effect of changes in CF assumptions					$ 0

New Accounting Pronouncements_4

New Accounting Pronouncements - Reconciliation of Policyholder Obligations And Market Risk Benefits (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Policyholder Account Balances	$ 7,078,891	$ 7,661,785	$ 7,859,381	$ 8,220,944	$ 8,378,037
Additional Liability for Benefits	158,040		148,684	115,151	119,374
Liability for Future Policy Benefits				1,234,748	1,302,788
Market Risk Benefits Liability				299,833	301,601
Domestic Traditional Life
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Policyholder Account Balances				0	0
Additional Liability for Benefits				0	0
Liability for Future Policy Benefits				90,469	102,407
Market Risk Benefits Liability				0	0
Domestic Universal Life
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Policyholder Account Balances	1,422,079	1,409,471	1,404,857	1,412,058	1,222,694
Additional Liability for Benefits	70,040	63,804	62,802	54,097	45,136
Liability for Future Policy Benefits				0	0
Market Risk Benefits Liability				0	0
International Traditional Life
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Policyholder Account Balances				0	0
Additional Liability for Benefits				0	0
Liability for Future Policy Benefits				81,584	95,402
Market Risk Benefits Liability				0	0
International Universal Life
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Policyholder Account Balances	517,520	575,096	593,166	647,586	677,900
Additional Liability for Benefits	50,995	46,402	47,357	48,336	63,046
Liability for Future Policy Benefits				0	0
Market Risk Benefits Liability				0	0
SPIAs With Life Contingencies
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Policyholder Account Balances				0	0
Additional Liability for Benefits				0	0
Liability for Future Policy Benefits				244,550	238,127
Market Risk Benefits Liability				0	0
Annuities excl. SPIAs WLC
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Policyholder Account Balances	$ 5,138,006	$ 5,677,218	$ 5,855,473	6,161,300	6,477,443
Additional Liability for Benefits				12,718	11,192
Liability for Future Policy Benefits				0	0
Market Risk Benefits Liability				299,833	301,601
ONL & Affiliates
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Policyholder Account Balances				0	0
Additional Liability for Benefits				0	0
Liability for Future Policy Benefits				818,145	866,852
Market Risk Benefits Liability				$ 0	$ 0

New Accounting Pronouncements_5

New Accounting Pronouncements - Effect of Transition Adjustments on Stockholders' Equity (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Policyholder Account Balances	$ 7,078,891		$ 7,661,785	$ 7,859,381		$ 8,220,944		$ 8,378,037
Additional Liability for Benefits	158,040			148,684		115,151		119,374
DPAC Balances	(635,837)		(663,882)	(673,112)		(704,353)		(695,875)
DSI Balances	(74,928)		(85,303)	(88,598)		(102,976)		(96,378)
Market Risk Benefits Liability						299,833		$ 301,601
Total stockholders’ equity	2,244,099		2,190,922	2,063,602	$ 2,263,175	2,721,553
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total stockholders’ equity	2,734,052	$ 2,669,327	2,627,389	2,611,429	2,576,241	2,382,152
Accumulated Other Comprehensive Income
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total stockholders’ equity	$ (531,705)		$ (478,219)	$ (589,579)	$ (354,818)	$ 297,649
Effect Of Application Of Accounting Standards Update 2018-12
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Liability for future policy benefits							$ (122,384)
Policyholder Account Balances							303,503
Additional Liability for Benefits							(85,463)
DPAC Balances							247,897
DSI Balances							41,501
Market Risk Benefits Liability							(180,080)
Total stockholders’ equity							204,974
Effect Of Application Of Accounting Standards Update 2018-12 \| Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Liability for future policy benefits							(9,650)
Policyholder Account Balances							303,503
Additional Liability for Benefits							(85,463)
DPAC Balances							0
DSI Balances							0
Market Risk Benefits Liability							(180,080)
Total stockholders’ equity							28,310
Effect Of Application Of Accounting Standards Update 2018-12 \| Accumulated Other Comprehensive Income
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Liability for future policy benefits							(112,734)
Policyholder Account Balances							0
Additional Liability for Benefits							0
DPAC Balances							247,897
DSI Balances							41,501
Market Risk Benefits Liability							0
Total stockholders’ equity							$ 176,664

New Accounting Pronouncements_6

New Accounting Pronouncements - Balance of and Changes in DPAC, DSI, VOBA, and COR (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2021
Balances of and changes in DPAC
Beginning balance	$ 663,882	$ 704,353	$ 695,875
Ending balance	635,837	673,112	704,353
Balances of and changes in DSI
Beginning balance	85,303	102,976	96,378
Ending balance	74,928	88,598	102,976
Balances of and changes in VOBA
Beginning balance	138,495	149,408
Amortization	6,523	9,518
Experience adjustment	32	0
Ending balance	132,004	139,890	149,408
Domestic Traditional Life
Balances of and changes in DPAC
Beginning balance	3,159	3,448	4,014
Capitalization additions	11	14	19
Amortization	(213)	(232)	(585)
Experience adjustment	(3)	0	0
Ending balance	2,960	3,230	3,448
Balances of and changes in DSI
Beginning balance	0	0	0
Capitalization additions			0
Amortization	0	0	0
Experience adjustment	0	0	0
Ending balance	0	0	0
Balances of and changes in VOBA
Beginning balance		0
Ending balance			0
Domestic Universal Life
Balances of and changes in DPAC
Beginning balance	176,034	167,748	144,133
Capitalization additions	11,646	19,884	33,447
Amortization	(9,470)	(11,924)	(9,265)
Experience adjustment	102	(29)	(567)
Ending balance	178,108	175,737	167,748
Balances of and changes in DSI
Beginning balance	0	0	0
Capitalization additions			0
Amortization	0	0	0
Experience adjustment	0	0	0
Ending balance	0	0	0
Balances of and changes in VOBA
Beginning balance		0
Ending balance			0
International Traditional Life
Balances of and changes in DPAC
Beginning balance	11,151	12,415	13,399
Capitalization additions	0	0	0
Amortization	(1,046)	(956)	(984)
Experience adjustment	(22)	0	0
Ending balance	10,127	11,459	12,415
Balances of and changes in DSI
Beginning balance	0	0	0
Capitalization additions			0
Amortization	0	0	0
Experience adjustment	0	0	0
Ending balance	0	0	0
Balances of and changes in VOBA
Beginning balance		0
Ending balance			0
International Universal Life
Balances of and changes in DPAC
Beginning balance	152,287	167,556	184,262
Capitalization additions	394	113	1,072
Amortization	(11,176)	(11,648)	(17,666)
Experience adjustment	25	6	(112)
Ending balance	141,480	156,015	167,556
Balances of and changes in DSI
Beginning balance	0	0	0
Capitalization additions			0
Amortization	0	0	0
Experience adjustment	0	0	0
Ending balance	0	0	0
Balances of and changes in VOBA
Beginning balance		0
Ending balance			0
SPIAs With Life Contingencies
Balances of and changes in DPAC
Beginning balance		0
Ending balance			0
Balances of and changes in DSI
Beginning balance		0
Ending balance	0	0	0
Balances of and changes in VOBA
Beginning balance		0
Ending balance			0
Annuities excl. SPIAs WLC
Balances of and changes in DPAC
Beginning balance	306,489	341,897	342,278
Capitalization additions	5,458	15,010	38,836
Amortization	(26,241)	(24,591)	(40,187)
Experience adjustment	(161)	(42)	970
Ending balance	285,867	312,736	341,897
Balances of and changes in DSI
Beginning balance	85,303	102,976	96,378
Capitalization additions			18,117
Amortization	(6,212)	(8,091)	(11,775)
Experience adjustment	36	31	256
Ending balance	74,928	88,598	102,976
Balances of and changes in VOBA
Beginning balance		0
Ending balance			0
ONL & Affiliates
Balances of and changes in DPAC
Beginning balance	14,762	11,289	7,789
Capitalization additions	3,172	3,198	4,176
Amortization	(644)	(552)	(676)
Experience adjustment	(5)	0	0
Ending balance	17,295	13,935	11,289
Balances of and changes in DSI
Beginning balance	0	0	0
Capitalization additions			0
Amortization	0	0	0
Experience adjustment	0	0	0
Ending balance	$ 0	0	0
Balances of and changes in VOBA
Beginning balance		$ 149,408	162,968
Capitalization additions			0
Amortization			(13,560)
Experience adjustment			0
Ending balance			$ 149,408

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)	3 Months Ended		9 Months Ended
Stockholders' Equity (Details) - USD ($)	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Oct. 08, 2023	Dec. 31, 2022
NWLIC
Dividends Payable [Line Items]
Percentage of statutory surplus (percent)	10%		10%
Maximum dividend payment which may be paid without prior approval	$ 66,500,000		$ 66,500,000
NWLIC \| Dividend Paid
Dividends Payable [Line Items]
Dividends			0	$ 2,000,000
NWLIC \| Dividend Declared
Dividends Payable [Line Items]
Dividends			$ 0
Ozark National Life Insurance Company
Dividends Payable [Line Items]
Percentage of statutory surplus (percent)	10%		10%
Maximum dividend payment which may be paid without prior approval	$ 21,600,000		$ 21,600,000
Ozark National Life Insurance Company \| Dividend Paid
Dividends Payable [Line Items]
Dividends			0	0
Ozark National Life Insurance Company \| Dividend Declared
Dividends Payable [Line Items]
Dividends			0	0
NIS Financial Services Inc
Dividends Payable [Line Items]
Maximum dividend payment						$ 13,600,000
NIS Financial Services Inc \| Dividend Paid
Dividends Payable [Line Items]
Dividends			12,000,000	0
NIS Financial Services Inc \| Dividend Declared
Dividends Payable [Line Items]
Dividends			12,000,000	0
National Western Life Group Inc \| Dividend Paid
Dividends Payable [Line Items]
Dividends			0	0
National Western Life Group Inc \| Dividend Declared
Dividends Payable [Line Items]
Dividends			$ 0	0
S. USA Life Insurance Company, Inc. \| Subsequent Event \| National Western Life Insurance Group, Inc
Dividends Payable [Line Items]
Conversion right for each outstanding share (in usd per share)					$ 500
Class B
Dividends Payable [Line Items]
Portion of the Board of Directors that can be elected by Class A Common Stock holders (percent)	33.3333%		33.3333%
Percentage limit on cash or in-kind dividends paid on Class A Common Stock available to Class B Common Stock (percent)	50%		50%
Dividends	$ 0	$ 0	$ 0	0
Class B \| S. USA Life Insurance Company, Inc. \| Subsequent Event \| National Western Life Insurance Group, Inc
Dividends Payable [Line Items]
Dividends allowed prior to close of merger agreement (in dollars per share)					0.18
Class A
Dividends Payable [Line Items]
Dividends	$ 0	$ 0	$ 0	$ 0
Class A \| S. USA Life Insurance Company, Inc. \| Subsequent Event \| National Western Life Insurance Group, Inc
Dividends Payable [Line Items]
Dividends allowed prior to close of merger agreement (in dollars per share)					$ 0.36
Board of Directors Chairman \| Class B
Dividends Payable [Line Items]
Common stock, percentage ownership	99%		99%

Earnings Per Share (Details)

Earnings Per Share (Details) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($) class_of_stock $ / shares shares	Sep. 30, 2022 USD ($) $ / shares shares	Sep. 30, 2023 USD ($) class_of_stock $ / shares shares	Sep. 30, 2022 USD ($) $ / shares shares
Earnings Per Share [Abstract]
Number of classes of common stock \| class_of_stock	2		2
Share-based compensation awards outstanding that could be redeemed for shares of common stock (shares) \| shares			0
Numerator for Basic and Diluted Earnings Per Share:
Net earnings	$ 64,725	$ 35,188	$ 106,663	$ 229,277
Undistributed earnings	64,725	35,188	106,663	229,277
Allocation of net earnings:
Undistributed earnings	64,725	35,188	106,663	229,277
Net earnings	64,725	35,188	106,663	229,277
Class A
Numerator for Basic and Diluted Earnings Per Share:
Net earnings	62,895	34,193	103,647	222,793
Dividends	0	0	0	0
Undistributed earnings	62,895	34,193	103,647	222,793
Allocation of net earnings:
Dividends	0	0	0	0
Undistributed earnings	62,895	34,193	103,647	222,793
Net earnings	$ 62,895	$ 34,193	$ 103,647	$ 222,793
Denominator:
Basic earnings per share - weighted-average shares (in shares) \| shares	3,436,000	3,436,000	3,436,000	3,436,000
Effect of dilutive stock options (in shares) \| shares	0	0	0	0
Diluted earnings per share - adjusted weighted-average shares for assumed conversions (in shares) \| shares	3,436,000	3,436,000	3,436,000	3,436,000
Basic earnings per share (in dollars per share) \| $ / shares	$ 18.30	$ 9.95	$ 30.17	$ 64.84
Diluted earnings per share (in dollars per share) \| $ / shares	$ 18.30	$ 9.95	$ 30.17	$ 64.84
Class B
Numerator for Basic and Diluted Earnings Per Share:
Net earnings	$ 1,830	$ 995	$ 3,016	$ 6,484
Dividends	0	0	0	0
Undistributed earnings	1,830	995	3,016	6,484
Allocation of net earnings:
Dividends	0	0	0	0
Undistributed earnings	1,830	995	3,016	6,484
Net earnings	$ 1,830	$ 995	$ 3,016	$ 6,484
Denominator:
Basic earnings per share - weighted-average shares (in shares) \| shares	200,000	200,000	200,000	200,000
Effect of dilutive stock options (in shares) \| shares	0	0	0	0
Diluted earnings per share - adjusted weighted-average shares for assumed conversions (in shares) \| shares	200,000	200,000	200,000	200,000
Basic earnings per share (in dollars per share) \| $ / shares	$ 9.15	$ 4.98	$ 15.08	$ 32.42
Diluted earnings per share (in dollars per share) \| $ / shares	$ 9.15	$ 4.98	$ 15.08	$ 32.42

Deferred Transaction Costs - Na

Deferred Transaction Costs - Narrative (Details) $ in Millions	Sep. 30, 2023 USD ($)
Deferred Charges, Insurers [Abstract]
Cost of reinsurance asset, ceding commission	$ 48
Cost of reinsurance, asset	$ 102.8

Deferred Transaction Costs - De

Deferred Transaction Costs - Deferred Policy Acquisition Costs (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2021
Balances of and changes in DPAC
Beginning balance	$ 663,882	$ 704,353	$ 695,875
Ending balance	635,837	673,112	704,353
DPAC Balances	635,837	673,112	704,353
Domestic Traditional Life
Balances of and changes in DPAC
Beginning balance	3,159	3,448	4,014
Capitalization additions	11	14	19
Amortization	(213)	(232)	(585)
In force ceded		0
Experience adjustment	3	0	0
Ending balance	2,960	3,230	3,448
DPAC Balances	2,960	3,230	3,448
Domestic Universal Life
Balances of and changes in DPAC
Beginning balance	176,034	167,748	144,133
Capitalization additions	11,646	19,884	33,447
Amortization	(9,470)	(11,924)	(9,265)
In force ceded		0
Experience adjustment	(102)	29	567
Ending balance	178,108	175,737	167,748
DPAC Balances	178,108	175,737	167,748
International Traditional Life
Balances of and changes in DPAC
Beginning balance	11,151	12,415	13,399
Capitalization additions	0	0	0
Amortization	(1,046)	(956)	(984)
In force ceded		0
Experience adjustment	22	0	0
Ending balance	10,127	11,459	12,415
DPAC Balances	10,127	11,459	12,415
International Universal Life
Balances of and changes in DPAC
Beginning balance	152,287	167,556	184,262
Capitalization additions	394	113	1,072
Amortization	(11,176)	(11,648)	(17,666)
In force ceded		0
Experience adjustment	(25)	(6)	112
Ending balance	141,480	156,015	167,556
DPAC Balances	141,480	156,015	167,556
SPIAs With Life Contingencies
Balances of and changes in DPAC
Beginning balance		0
Ending balance			0
DPAC Balances			0
Annuities excl. SPIAs WLC
Balances of and changes in DPAC
Beginning balance	306,489	341,897	342,278
Capitalization additions	5,458	15,010	38,836
Amortization	(26,241)	(24,591)	(40,187)
In force ceded		(19,622)
Experience adjustment	161	42	(970)
Ending balance	285,867	312,736	341,897
DPAC Balances	285,867	312,736	341,897
ONL & Affiliates
Balances of and changes in DPAC
Beginning balance	14,762	11,289	7,789
Capitalization additions	3,172	3,198	4,176
Amortization	(644)	(552)	(676)
In force ceded		0
Experience adjustment	5	0	0
Ending balance	17,295	13,935	11,289
DPAC Balances	$ 17,295	$ 13,935	$ 11,289

Deferred Transaction Costs - _2

Deferred Transaction Costs - Deferred Sales Inducements (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2021
Balances of and changes in DSI
Beginning balance	$ 85,303	$ 102,976	$ 96,378
Ending balance	74,928	88,598	102,976
DSI Balances	74,928	88,598	102,976
Domestic Traditional Life
Balances of and changes in DSI
Beginning balance	0	0	0
Capitalization additions	0	0
Amortization	0	0	0
In force ceded		0
Experience adjustment	0	0	0
Ending balance	0	0	0
DSI Balances	0	0	0
Domestic Universal Life
Balances of and changes in DSI
Beginning balance	0	0	0
Capitalization additions	0	0
Amortization	0	0	0
In force ceded		0
Experience adjustment	0	0	0
Ending balance	0	0	0
DSI Balances	0	0	0
International Traditional Life
Balances of and changes in DSI
Beginning balance	0	0	0
Capitalization additions	0	0
Amortization	0	0	0
In force ceded		0
Experience adjustment	0	0	0
Ending balance	0	0	0
DSI Balances	0	0	0
International Universal Life
Balances of and changes in DSI
Beginning balance	0	0	0
Capitalization additions	0	0
Amortization	0	0	0
In force ceded		0
Experience adjustment	0	0	0
Ending balance	0	0	0
DSI Balances	0	0	0
SPIAs With Life Contingencies
Balances of and changes in DSI
Beginning balance		0
Ending balance	0	0	0
DSI Balances	0	0	0
Annuities excl. SPIAs WLC
Balances of and changes in DSI
Beginning balance	85,303	102,976	96,378
Capitalization additions	(4,199)	4,901
Amortization	(6,212)	(8,091)	(11,775)
In force ceded		(11,219)
Experience adjustment	36	31	256
Ending balance	74,928	88,598	102,976
DSI Balances	74,928	88,598	102,976
ONL & Affiliates
Balances of and changes in DSI
Beginning balance	0	0	0
Capitalization additions	0	0
Amortization	0	0	0
In force ceded		0
Experience adjustment	0	0	0
Ending balance	0	0	0
DSI Balances	$ 0	$ 0	$ 0

Deferred Transaction Costs - Va

Deferred Transaction Costs - Value of Business Acquired (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Balances of and changes in VOBA
Beginning balance	$ 138,495	$ 149,408
Amortization	(6,523)	(9,518)
Experience adjustment	32	0
Ending balance	$ 132,004	$ 139,890

Deferred Transaction Costs - Es

Deferred Transaction Costs - Estimated Future Amortization of VOBA (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Deferred Charges, Insurers [Abstract]
Remainder of 2023	$ 2,101
2024	8,141
2025	7,734
2026	7,326
2027	$ 6,942

Deferred Transaction Costs - Co

Deferred Transaction Costs - Cost of Reinsurance (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Balances of and changes in COR
Ending balance	$ 69,945	$ 81,494
Cost of reinsurance	69,945	81,494
SPIAs With Life Contingencies
Balances of and changes in COR
Beginning balance	11,897	12,591
Additions	0	0
Amortization	(604)	(503)
Experience Adjustment	0	0
Ending balance	11,293	12,088
Cost of reinsurance	11,293	12,088
Annuities excl. SPIAs WLC
Balances of and changes in COR
Beginning balance	66,431	77,095
Additions	0	0
Amortization	(7,779)	(7,689)
Experience Adjustment	0	0
Ending balance	58,652	69,406
Cost of reinsurance	$ 58,652	$ 69,406

Policyholder Obligations - Liab

Policyholder Obligations - Liability for Policyholders' Account Balances (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Policyholder Account Balance [Roll Forward]
Beginning balance	$ 7,661,785	$ 8,220,944	$ 8,378,037
Ending balance	7,078,891	7,859,381	8,220,944
Policyholder Account Balances	7,078,891	7,859,381	8,220,944	$ 8,378,037
Domestic Universal Life
Policyholder Account Balance [Roll Forward]
Beginning balance	1,409,471	1,412,058	1,222,694
Issuances		0	0
Premiums received	85,794	120,956	225,349
Policy charges	(49,789)	(53,411)	(76,147)
Surrenders and withdrawals	(50,399)	(41,785)	(47,483)
Benefit payments	(21,739)	(16,428)	(25,418)
Interest credited	20,509	37,863	89,508
Change in embedded derivative	26,014	(54,767)
Other	2,218	371	23,555
Ending balance	1,422,079	1,404,857	1,412,058
Less reinsurance recoverable	0	0	0	0
Ending balance, net of reinsurance	$ 1,422,079	$ 1,404,857	1,412,058	1,222,694
Weighted-average crediting rate	2.14%	4.13%
Net amount at risk	$ 1,614	$ 1,638
Cash surrender value	1,209,991	1,228,130
Policyholder Account Balances	1,422,079	1,404,857	1,412,058	1,222,694
International Universal Life
Policyholder Account Balance [Roll Forward]
Beginning balance	575,096	647,586	677,900
Issuances		0	0
Premiums received	27,508	31,738	46,147
Policy charges	(56,523)	(52,904)	(68,800)
Surrenders and withdrawals	(37,170)	(32,791)	(47,644)
Benefit payments	(1,984)	(1,550)	(2,040)
Interest credited	7,004	13,772	36,902
Change in embedded derivative	4,203	(14,161)
Other	(614)	1,476	5,121
Ending balance	517,520	593,166	647,586
Less reinsurance recoverable	0	0	0	0
Ending balance, net of reinsurance	$ 517,520	$ 593,166	647,586	677,900
Weighted-average crediting rate	1.62%	2.97%
Net amount at risk	$ 6,443	$ 7,318
Cash surrender value	485,660	555,903
Policyholder Account Balances	517,520	593,166	647,586	677,900
Annuities excl. SPIAs WLC
Policyholder Account Balance [Roll Forward]
Beginning balance	5,677,218	6,161,300	6,477,443
Issuances		0	0
Premiums received	85,174	196,463	430,846
Policy charges	(22,595)	(22,259)	(28,643)
Surrenders and withdrawals	(446,357)	(369,437)	(580,269)
Benefit payments	(141,361)	(148,832)	(207,302)
Interest credited	41,292	57,969	155,783
Change in embedded derivative	(36,488)	(4,515)
Other	(18,877)	(15,216)	(86,558)
Ending balance	5,138,006	5,855,473	6,161,300
Less reinsurance recoverable	(1,135,906)	(1,290,600)	(1,458,076)	(1,677,898)
Ending balance, net of reinsurance	$ 4,002,100	$ 4,564,873	4,703,224	4,799,545
Weighted-average crediting rate	0.94%	1.24%
Net amount at risk	$ 1,208,274	$ 1,111,573
Cash surrender value	4,883,247	5,473,356
Policyholder Account Balances	5,138,006	5,855,473	$ 6,161,300	$ 6,477,443
Unearned revenue reserve
Policyholder Account Balance [Roll Forward]
Ending balance	1,286	5,885
Policyholder Account Balances	$ 1,286	$ 5,885

Policyholder Obligations - Acco

Policyholder Obligations - Account Balances by Guaranteed Minimum Interest Rates (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	$ 3,463,419	$ 3,846,830
Less than 2.00%
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	1,946,341	2,261,285
2.00% - 2.99%
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	667,120	622,334
3.00% - 3.99%
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	464,387	553,169
4.00% and greater
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	385,571	410,042
At Guaranteed Minimum
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	3,142,313	3,469,748
At Guaranteed Minimum \| Less than 2.00%
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	1,810,654	2,044,059
At Guaranteed Minimum \| 2.00% - 2.99%
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	522,451	509,776
At Guaranteed Minimum \| 3.00% - 3.99%
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	423,674	505,906
At Guaranteed Minimum \| 4.00% and greater
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	385,534	410,007
1-50 Basis Points Above
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	47,836	54,470
1-50 Basis Points Above \| Less than 2.00%
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	1,901	2,104
1-50 Basis Points Above \| 2.00% - 2.99%
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	7,940	7,997
1-50 Basis Points Above \| 3.00% - 3.99%
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	37,995	44,369
1-50 Basis Points Above \| 4.00% and greater
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	0	0
51-150 Basis Points Above
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	108,706	198,065
51-150 Basis Points Above \| Less than 2.00%
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	17,311	90,636
51-150 Basis Points Above \| 2.00% - 2.99%
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	88,704	104,561
51-150 Basis Points Above \| 3.00% - 3.99%
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	2,691	2,868
51-150 Basis Points Above \| 4.00% and greater
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	0	0
Greater Than 150 Basis Points Above
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	164,564	124,547
Greater Than 150 Basis Points Above \| Less than 2.00%
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	116,475	124,486
Greater Than 150 Basis Points Above \| 2.00% - 2.99%
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	48,025	0
Greater Than 150 Basis Points Above \| 3.00% - 3.99%
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	27	26
Greater Than 150 Basis Points Above \| 4.00% and greater
Policyholder Account Balance, Guaranteed Minimum Crediting Rate [Line Items]
Policyholder account balance	$ 37	$ 35

Policyholder Obligations - Li_2

Policyholder Obligations - Liability for Additional Insurance Liabilities (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2020
Additional Liability, Long-Duration Insurance [Roll Forward]
Beginning balance		$ 115,151	$ 119,374
Interest accrual	$ 2,383	3,736
Ending balance	158,040	148,684	115,151
Gross Assessments	75,799	61,082
Interest Expenses	2,383	3,736
Domestic Universal Life
Additional Liability, Long-Duration Insurance [Roll Forward]
Beginning balance	63,804	54,097	45,136
Beginning balance before shadow reserve adjustments	63,804	54,097
Effect of changes in cash flow assumptions			3,844	$ 1,870	$ 7,061
Effect of actual variances from expected experience			5,493	5,898	0
Adjusted beginning of period balance			63,434	71,572	52,197
Issuances	0	0	0
Interest accrual	950	1,993	4,767
Assessments collected	15,875	13,436	14,775
Benefit payments	(18,318)	(16,031)	(17,687)
Derecognition (lapses and withdrawals)	0	0	45
Other	(39)	(30)
Ending balance before shadow reserve adjustments	70,040	62,802	54,097
Effect of shadow reserve adjustments	0	0	0
Ending balance	70,040	62,802	54,097
Less reinsurance recoverable	0	0	0		0
Net additional liability, after reinsurance recoverable	70,040	62,802	54,097		45,136
Gross Assessments	45,525	39,029
Interest Expenses	950	1,993	4,767
International Universal Life
Additional Liability, Long-Duration Insurance [Roll Forward]
Beginning balance	46,402	48,336	63,046
Beginning balance before shadow reserve adjustments	46,402	48,336
Effect of changes in cash flow assumptions			(18)	6,055	(14,524)
Effect of actual variances from expected experience			7,118	(736)	0
Adjusted beginning of period balance			55,436	51,721	48,522
Issuances	0	0	0
Interest accrual	340	1,154	3,264
Assessments collected	7,546	6,011	8,304
Benefit payments	(7,610)	(15,768)	(10,565)
Derecognition (lapses and withdrawals)	0	0	(1,189)
Other	(1,002)	524
Ending balance before shadow reserve adjustments	50,995	47,357	48,336
Effect of shadow reserve adjustments	0	0	0
Ending balance	50,995	47,357	48,336
Less reinsurance recoverable	0	0	0		0
Net additional liability, after reinsurance recoverable	50,995	47,357	48,336		$ 63,046
Gross Assessments	30,401	25,005
Interest Expenses	340	1,154	3,264
Annuities
Additional Liability, Long-Duration Insurance [Roll Forward]
Ending balance	37,005	38,525
Annuities Netting
Additional Liability, Long-Duration Insurance [Roll Forward]
Beginning balance	38,502	12,718
Beginning balance before shadow reserve adjustments	38,502	12,718
Effect of changes in cash flow assumptions			24,599	(1,759)
Effect of actual variances from expected experience			1,843	625
Adjusted beginning of period balance			39,160	$ 37,368
Issuances	0	0
Interest accrual	1,093	589
Assessments collected	(98)	(69)
Benefit payments	(1,343)	(1,146)
Derecognition (lapses and withdrawals)	0	0
Other	(15)	(9)
Ending balance before shadow reserve adjustments	37,005	38,525	12,718
Effect of shadow reserve adjustments	0	0
Ending balance	37,005	38,525	$ 12,718
Less reinsurance recoverable	(37,005)	(38,525)
Net additional liability, after reinsurance recoverable	0	0
Gross Assessments	(127)	(2,952)
Interest Expenses	$ 1,093	$ 589

Policyholder Obligations - Li_3

Policyholder Obligations - Liability for Future Policy Benefits (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2020
Present value of expected future policy benefits
Liability for future policy benefits	$ 843,636	$ 922,252		$ 900,146
Gross Premiums or Assessments	69,353	75,931
Interest Expense	29,499	29,416
Expected Future Gross Premiums	1,605,561	1,151,285
Expected Future Benefit Payments	2,878,634	2,328,913
Domestic Traditional Life
Present value of expected net premiums
Balance, beginning of period	260	395
Beginning balance at original discount rate	660	706
Effect of changes in cash flow assumptions			$ 0	(325)
Effect of actual variances from expected experience			109	133
Adjusted beginning of period balance			815	468
Issuances	0	0
Interest accrual	(19)	1
Net premium collected	(132)	(62)
Ending balance at original discount rate	317	754	706
Effect of changes in discount rate assumptions	(488)	(389)
Balance, end of period	(171)	365	395
Present value of expected future policy benefits
Balance, beginning of period	70,165	90,864	102,407
Beginning balance at original discount rate	62,839	64,242
Effect of changes in cash flow assumptions			0	(824)	$ 0
Effect of actual variances from expected experience			(142)	(132)	(525)
Adjusted beginning of period balance			64,100	61,883	65,403
Issuances	0	0	0
Interest accrual	2,851	2,946	4,058
Benefit payments	(3,825)	(3,661)	(6,538)
Derecognition (lapses and withdrawals)	0	0	0
Other	114	137	597
Ending balance at original discount rate	61,023	63,522	64,242
Effect of changes in discount rate	4,590	6,238
Balance, end of period	65,613	69,760	90,864
Net liability for future policy benefits	65,784	69,395
Less reinsurance recoverable	(12,665)	(12,431)	(13,841)		(13,680)
Net liability for future policy benefits, after reinsurance	53,119	56,964	76,628		88,727
Liability for future policy benefits	65,784	69,395
Gross Premiums or Assessments	2,295	2,476
Interest Expense	2,870	2,945
Expected Future Gross Premiums	32,013	33,319
Expected Future Benefit Payments	103,177	108,001
International Traditional Life
Present value of expected net premiums
Balance, beginning of period	33,998	50,123
Beginning balance at original discount rate	35,906	40,670
Effect of changes in cash flow assumptions			0	4,019
Effect of actual variances from expected experience			(258)	(1,139)
Adjusted beginning of period balance			40,412	38,786
Issuances	0	0
Interest accrual	1,121	1,266
Net premium collected	(3,386)	(3,605)
Ending balance at original discount rate	36,521	38,073	40,670
Effect of changes in discount rate assumptions	(3,364)	(2,697)
Balance, end of period	33,157	35,376	50,123
Present value of expected future policy benefits
Balance, beginning of period	99,167	131,707	95,402
Beginning balance at original discount rate	100,976	105,103
Effect of changes in cash flow assumptions			0	4,433	0
Effect of actual variances from expected experience			(2,098)	(3,872)	(252)
Adjusted beginning of period balance			103,005	101,537	69,018
Issuances	0	0	0
Interest accrual	4,104	4,321	4,391
Benefit payments	(4,740)	(3,658)	(17,221)
Derecognition (lapses and withdrawals)	0	0	0
Other	(1,250)	(349)	2,608
Ending balance at original discount rate	99,651	103,319	105,103
Effect of changes in discount rate	(5,637)	(3,645)
Balance, end of period	94,014	99,674	131,707
Net liability for future policy benefits	60,857	64,298
Less reinsurance recoverable	(532)	(553)	(578)		(607)
Net liability for future policy benefits, after reinsurance	60,325	63,745	81,006		94,795
Liability for future policy benefits	60,857	64,298
Gross Premiums or Assessments	9,110	10,061
Interest Expense	2,983	3,055
Expected Future Gross Premiums	162,304	163,976
Expected Future Benefit Payments	221,506	225,183
SPIAs With Life Contingencies
Present value of expected net premiums
Balance, beginning of period	0	0
Beginning balance at original discount rate	0	0
Effect of changes in cash flow assumptions			0	0
Effect of actual variances from expected experience			0	0
Adjusted beginning of period balance			0	0
Issuances	0	0
Interest accrual	0	0
Net premium collected	0	0
Ending balance at original discount rate	0	0	0
Effect of changes in discount rate assumptions	0	0
Balance, end of period	0	0	0
Present value of expected future policy benefits
Balance, beginning of period	191,817	244,551	238,127
Beginning balance at original discount rate	215,637	223,904
Effect of changes in cash flow assumptions			172	0	(316)
Effect of actual variances from expected experience			3,032	3,083	5,724
Adjusted beginning of period balance			227,108	218,720	206,145
Issuances	9,005	9,554	39,338
Interest accrual	5,305	5,440	7,076
Benefit payments	(16,752)	(17,667)	(22,173)
Derecognition (lapses and withdrawals)	(5,032)	(4,927)	(6,840)
Other	(322)	0	358
Ending balance at original discount rate	210,924	219,508	223,904
Effect of changes in discount rate	(28,456)	(27,724)
Balance, end of period	182,468	191,784	244,551
Net liability for future policy benefits	182,468	191,784
Less reinsurance recoverable	(152,949)	(161,944)	(211,912)		(238,127)
Net liability for future policy benefits, after reinsurance	29,519	29,840	32,638		0
Liability for future policy benefits	182,468	191,784
Gross Premiums or Assessments	1,151	5,683
Interest Expense	5,305	5,440
Expected Future Gross Premiums	0	0
Expected Future Benefit Payments	281,949	291,505
ONL & Affiliates
Present value of expected net premiums
Balance, beginning of period	402,744	340,287
Beginning balance at original discount rate	494,961	330,854
Effect of changes in cash flow assumptions			169,179	6,353
Effect of actual variances from expected experience			10,761	(3,726)
Adjusted beginning of period balance			510,794	497,588
Issuances	7,497	6,217
Interest accrual	11,972	8,013
Net premium collected	(29,052)	(24,214)
Ending balance at original discount rate	488,005	500,810	330,854
Effect of changes in discount rate assumptions	(109,489)	(57,403)
Balance, end of period	378,516	443,407	340,287
Present value of expected future policy benefits
Balance, beginning of period	975,999	1,158,431	866,852
Beginning balance at original discount rate	1,293,523	1,114,085
Effect of changes in cash flow assumptions			175,122	6,876	0
Effect of actual variances from expected experience			11,758	(3,273)	114
Adjusted beginning of period balance			1,300,965	$ 1,297,126	780,950
Issuances	7,340	5,918	227
Interest accrual	30,313	25,989	23,801
Benefit payments	(42,932)	(44,116)	(56,616)
Derecognition (lapses and withdrawals)	0	0	0
Other	(1,694)	(95)	(770)
Ending balance at original discount rate	1,290,153	1,288,661	1,114,085
Effect of changes in discount rate	(377,110)	(248,479)
Balance, end of period	913,043	1,040,182	1,158,431
Net liability for future policy benefits	534,527	596,775
Less reinsurance recoverable	(24,395)	(26,239)	(31,476)		(33,731)
Net liability for future policy benefits, after reinsurance	510,132	570,536	$ 786,669		$ 833,121
Liability for future policy benefits	534,527	596,775
Gross Premiums or Assessments	56,797	57,711
Interest Expense	18,341	17,976
Expected Future Gross Premiums	1,411,244	953,990
Expected Future Benefit Payments	$ 2,272,002	$ 1,704,224

Policyholder Obligations - Actu

Policyholder Obligations - Actual Experience and Expected Experience For Mortality and Lapses of Additional Insurance Liabilities And Liability for Future Policy Benefits (Details)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Domestic Traditional Life
Mortality:
Actual Experience	1.84%	1.32%
Expected Experience	2.12%	1.89%
Lapses:
Actual Experience	4.36%	6.91%
Expected Experience	6.02%	6.51%
Domestic Universal Life
Mortality:
Actual Experience	1.68%	1.11%
Expected Experience	1.91%	1.69%
Lapses:
Actual Experience	5.68%	4.74%
Expected Experience	3.40%	4.69%
International Traditional Life
Mortality:
Actual Experience	0.18%	0.24%
Expected Experience	0.41%	0.37%
Lapses:
Actual Experience	8.35%	8.03%
Expected Experience	7.75%	7.92%
International Universal Life
Mortality:
Actual Experience	0.27%	0.27%
Expected Experience	0.25%	0.24%
Lapses:
Actual Experience	11.94%	8.39%
Expected Experience	6.92%	7.16%
SPIAs With Life Contingencies
Mortality:
Actual Experience	11.62%	8.44%
Expected Experience	12.14%	8.74%
Annuities excl. SPIAs WLC
Mortality:
Actual Experience	2.86%	2.73%
Expected Experience	2.61%	2.67%
Lapses:
Actual Experience	6.20%	4.05%
Expected Experience	4.27%	4.24%
ONL & Affiliates
Mortality:
Actual Experience	1.05%	0.94%
Expected Experience	0.86%	0.82%
Lapses:
Actual Experience	4.24%	3.90%
Expected Experience	4.75%	7.96%

Policyholder Obligations - Weig

Policyholder Obligations - Weighted Average Durations and Weighted Average Interest Rates (Details)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Domestic Traditional Life
Additional Insurance Liability And Liability for Future Policy Benefit [Line Items]
Weighted-Average Durations	8 years	8 years
Interest Accretion Rate	6.73%	6.80%
Current Discount Rate	5.60%	5.30%
Domestic Universal Life
Additional Insurance Liability And Liability for Future Policy Benefit [Line Items]
Weighted-Average Durations	8 years 1 month 6 days	8 years 1 month 6 days
Interest Accretion Rate	4.56%	0.98%
Current Discount Rate	4.56%	0.98%
International Traditional Life
Additional Insurance Liability And Liability for Future Policy Benefit [Line Items]
Weighted-Average Durations	8 years	8 years
Interest Accretion Rate	5.16%	5.24%
Current Discount Rate	5.60%	5.30%
International Universal Life
Additional Insurance Liability And Liability for Future Policy Benefit [Line Items]
Weighted-Average Durations	8 years 1 month 6 days	8 years 1 month 6 days
Interest Accretion Rate	1.93%	1.53%
Current Discount Rate	1.93%	1.53%
SPIAs With Life Contingencies
Additional Insurance Liability And Liability for Future Policy Benefit [Line Items]
Weighted-Average Durations	8 years	8 years
Interest Accretion Rate	3.48%	3.36%
Current Discount Rate	5.60%	5.30%
Annuities excl. SPIAs WLC
Additional Insurance Liability And Liability for Future Policy Benefit [Line Items]
Weighted-Average Durations	6 years 7 months 6 days	6 years 7 months 6 days
Interest Accretion Rate	1.02%	0.93%
Current Discount Rate	1.02%	0.93%
ONL & Affiliates
Additional Insurance Liability And Liability for Future Policy Benefit [Line Items]
Weighted-Average Durations	22 years	22 years
Interest Accretion Rate	3.25%	3.25%
Current Discount Rate	6.15%	5.85%

Market Risk Benefits - Balances

Market Risk Benefits - Balances of and Changes in Market Risk Benefits (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Market Risk Benefit [Roll Forward]
Beginning balance		$ 299,833	$ 301,601
Balance, beginning of year, before effect of changes in instrument-specific credit risk:		299,833	301,601
Issuances			3,184
Interest accrual			0
Attributed fees collected			38,182
Benefit payments			0
Effect of changes in interest rates			(36,112)
Effect of changes in equity markets			0
Effect of changes in equity index volatility			0
Actual policyholder behavior different from expected behavior			(7,022)
Effect of changes in future expected policyholder behavior			0
Effect of changes in other future expected assumptions			0
Balance, end of year, before effect of changes in instrument-specific credit risk			299,833
Effect of changes in the instrument-specific credit risk			0
Ending balance			299,833
Balance, end of period, net of reinsurance			231,595	$ 227,950
Guaranteed Minimum Withdrawal Benefits
Market Risk Benefit [Roll Forward]
Beginning balance	$ 97,552	231,859
Balance, beginning of year, before effect of changes in instrument-specific credit risk:	97,552	231,859
Issuances	64	420
Interest accrual	0	0
Attributed fees collected	37,572	37,587
Benefit payments	0	0
Effect of changes in interest rates	(25,485)	(184,636)
Effect of changes in equity markets	0	0
Effect of changes in equity index volatility	0	0
Actual policyholder behavior different from expected behavior	(1,304)	(3,746)
Effect of changes in future expected policyholder behavior	(173)	0
Effect of changes in other future expected assumptions	0	0
Balance, end of year, before effect of changes in instrument-specific credit risk	108,226	81,484	231,859
Effect of changes in the instrument-specific credit risk	0	0
Ending balance	108,226	81,484	231,859
Less reinsurance recoverable	(2,874)	2,865
Balance, end of period, net of reinsurance	105,352	84,349
Net amount at risk	$ 1,082,774	$ 982,619
Weighted-average attained age of contract holders	69 years 7 months 6 days	68 years 10 months 24 days
Guaranteed Annuitization Benefits
Market Risk Benefit [Roll Forward]
Beginning balance	$ 69,466	$ 67,974
Balance, beginning of year, before effect of changes in instrument-specific credit risk:	69,466	67,974
Issuances	0	0
Interest accrual	0	0
Attributed fees collected	0	0
Benefit payments	0	0
Effect of changes in interest rates	(5,426)	1,292
Effect of changes in equity markets	0	0
Effect of changes in equity index volatility	0	0
Actual policyholder behavior different from expected behavior	0	0
Effect of changes in future expected policyholder behavior	0	0
Effect of changes in other future expected assumptions	0	0
Balance, end of year, before effect of changes in instrument-specific credit risk	64,040	69,266	67,974
Effect of changes in the instrument-specific credit risk	0	0
Ending balance	64,040	69,266	67,974
Less reinsurance recoverable	(64,373)	(69,650)
Balance, end of period, net of reinsurance	(333)	(384)
Net amount at risk	$ 125,500	$ 128,954
Weighted-average attained age of contract holders	67 years 9 months 18 days	67 years
Guaranteed Minimum Death Benefits
Market Risk Benefit [Roll Forward]
Beginning balance	$ 0	$ 0
Balance, beginning of year, before effect of changes in instrument-specific credit risk:	0	0
Issuances	0	0
Interest accrual	0	0
Attributed fees collected	0	0
Benefit payments	0	0
Effect of changes in interest rates	0	0
Effect of changes in equity markets	0	0
Effect of changes in equity index volatility	0	0
Actual policyholder behavior different from expected behavior	0	0
Effect of changes in future expected policyholder behavior	0	0
Effect of changes in other future expected assumptions	0	0
Balance, end of year, before effect of changes in instrument-specific credit risk	0	0	0
Effect of changes in the instrument-specific credit risk	0	0
Ending balance	0	0	$ 0
Less reinsurance recoverable	0	0
Balance, end of period, net of reinsurance	0	0
Net amount at risk	$ 0	$ 0
Weighted-average attained age of contract holders	0 years	0 years

Market Risk Benefits - Reconcil

Market Risk Benefits - Reconciliation Of The Gross Balances In an Asset or Liability Position (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
Market Risk Benefit [Line Items]
Asset	$ 48,240	$ 48,759	$ 51,881
Market risk benefits liability (Note 1)	220,506	$ 215,777	202,631
Net liability	172,266		150,750
Guaranteed minimum withdrawal benefit
Market Risk Benefit [Line Items]
Asset	48,240		51,881
Market risk benefits liability (Note 1)	156,466		133,365
Net liability	108,226		81,484
Guaranteed annuitization benefits
Market Risk Benefit [Line Items]
Asset	0		0
Market risk benefits liability (Note 1)	64,040		69,266
Net liability	$ 64,040		$ 69,266

Pension and Other Postretirem_3

Pension and Other Postretirement Plans - Narrative (Details)	9 Months Ended
	Sep. 30, 2023 USD ($) benefit_plan	Dec. 31, 2007
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of non-qualified defined benefit pension plans \| benefit_plan	3
Number of healthcare plans \| benefit_plan	2
Defined Benefit Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Vesting percentage in accrued benefits from plan freeze		100%
Minimum required contribution	$ 0
Planned contributions remaining	0
Maximum contributions payable	0
Company contributions to 2021 year plan	0
Company contributions to plan	0
Chairman and President Non-Qualified Defined Benefit Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Company contributions to plan	$ 1,300,000
Plan participant's age threshold for Company's contingent liability with respect to the Plan	70 years
Aggregate average annual participant salary increase	10%
Company expected contributions to plans in fiscal year	$ 2,000,000

Pension and Other Postretirem_4

Pension and Other Postretirement Plans - Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Defined Benefit Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 27	$ 32	$ 81	$ 98
Interest cost	200	145	599	435
Expected return on plan assets	(311)	(394)	(931)	(1,181)
Amortization of net loss	70	34	209	101
Net periodic benefit cost	(14)	(183)	(42)	(547)
Chairman and President Non-Qualified Defined Benefit Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	203	260	611	779
Interest cost	410	278	1,227	835
Amortization of prior service cost	14	14	44	44
Amortization of net loss	0	585	0	1,754
Net periodic benefit cost	627	1,137	1,882	3,412
Postretirement Employment Plans Other Than Pension
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	60	44	182	130
Amortization of net loss	0	52	0	156
Net periodic benefit cost	$ 60	$ 96	$ 182	$ 286

Segment and Other Operating I_3

Segment and Other Operating Information - Balance Sheet Items (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
Segment Reporting Information [Line Items]
Market risk benefit assets	$ 48,240	$ 48,759	$ 51,881
Total segment assets	12,059,430	12,782,945
Market risk benefits liability	220,506	215,777	202,631
Other policyholder liabilities	3,463,419		$ 3,846,830
Funds withheld liability	1,161,155	1,333,036
Total segment assets
Segment Reporting Information [Line Items]
Deferred transaction costs	912,714	966,008
Market risk benefit assets	48,240	48,759
Total segment assets	11,538,524	12,292,874
Future policyholder obligations	8,080,567	8,710,639
Market risk benefits liability	220,506	215,777
Other policyholder liabilities	137,169	175,089
Funds withheld liability	1,161,155	1,333,036
Total segment assets \| Domestic Life Insurance
Segment Reporting Information [Line Items]
Deferred transaction costs	181,068	179,193
Market risk benefit assets	0	0
Total segment assets	1,850,885	1,803,876
Future policyholder obligations	1,568,410	1,553,624
Market risk benefits liability	0	0
Other policyholder liabilities	24,790	25,596
Funds withheld liability	0	0
Total segment assets \| International Life Insurance
Segment Reporting Information [Line Items]
Deferred transaction costs	151,606	163,438
Market risk benefit assets	0	0
Total segment assets	836,338	889,022
Future policyholder obligations	620,153	675,786
Market risk benefits liability	0	0
Other policyholder liabilities	8,069	15,560
Funds withheld liability	0	0
Total segment assets \| Annuities
Segment Reporting Information [Line Items]
Deferred transaction costs	430,741	470,120
Market risk benefit assets	48,240	48,759
Total segment assets	7,596,824	8,270,315
Future policyholder obligations	5,357,477	5,907,974
Market risk benefits liability	220,506	215,777
Other policyholder liabilities	91,068	118,615
Funds withheld liability	1,161,155	1,333,036
Total segment assets \| ONL & Affiliates
Segment Reporting Information [Line Items]
Deferred transaction costs	149,299	153,257
Market risk benefit assets	0	0
Total segment assets	932,773	994,318
Future policyholder obligations	534,527	573,255
Market risk benefits liability	0	0
Other policyholder liabilities	13,242	15,318
Funds withheld liability	0	0
Total segment assets \| All Others
Segment Reporting Information [Line Items]
Deferred transaction costs	0	0
Market risk benefit assets	0	0
Total segment assets	321,704	335,343
Future policyholder obligations	0	0
Market risk benefits liability	0	0
Other policyholder liabilities	0	0
Funds withheld liability	$ 0	$ 0

Segment and Other Operating I_4

Segment and Other Operating Information - Earnings (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Condensed Consolidated Income Statements
Premiums and contract revenues	$ 56,102	$ 56,147	$ 171,387	$ 170,547
Net investment income (loss)	68,964	79,504	281,387	204,702
Other revenues	5,741	5,761	16,731	17,136
Total revenues	156,690	142,157	495,481	398,690
Life and other policy benefits	26,557	27,768	83,435	87,481
Policy benefit remeasurement (gain)/loss	8,360	9,827	8,360	9,827
Market risk benefits expense	(29,439)	(33,571)	6,733	(150,069)
Amortization of deferred transaction costs	20,326	21,613	63,600	67,549
Universal life and annuity contract interest	(10,417)	42,235	52,742	2,466
Other operating expenses	42,430	29,387	129,556	92,290
Federal income taxes	34,148	9,710	44,392	59,869
Net earnings	64,725	35,188	106,663	229,277
Total segment assets
Condensed Consolidated Income Statements
Premiums and contract revenues	56,102	56,147	171,387	170,547
Net investment income (loss)	68,964	79,504	281,387	204,702
Other revenues	5,741	5,761	16,731	17,136
Total revenues	130,807	141,412	469,505	392,385
Life and other policy benefits	26,557	27,768	83,435	87,481
Policy benefit remeasurement (gain)/loss	8,360	9,827	8,360	9,827
Market risk benefits expense	(29,439)	(33,571)	6,733	(150,069)
Amortization of deferred transaction costs	20,326	21,613	63,600	67,549
Universal life and annuity contract interest	(10,417)	42,235	52,742	2,466
Other operating expenses	42,430	29,387	129,556	92,290
Federal income taxes	28,713	9,554	38,937	58,546
Total expenses	86,530	106,813	383,363	168,090
Net earnings	44,277	34,599	86,142	224,295
Total segment assets \| Domestic Life Insurance
Condensed Consolidated Income Statements
Premiums and contract revenues	12,807	13,466	38,229	39,278
Net investment income (loss)	4,181	8,489	51,985	(453)
Other revenues	10	26	24	77
Total revenues	16,998	21,981	90,238	38,902
Life and other policy benefits	6,180	6,647	13,569	14,425
Policy benefit remeasurement (gain)/loss	1,370	3,843	1,370	3,843
Market risk benefits expense	0	0	0	0
Amortization of deferred transaction costs	3,407	5,586	9,782	12,127
Universal life and annuity contract interest	638	826	39,985	(15,751)
Other operating expenses	8,740	7,133	27,162	20,013
Federal income taxes	(875)	(414)	(545)	880
Total expenses	19,460	23,621	91,323	35,537
Net earnings	(2,462)	(1,640)	(1,085)	3,365
Total segment assets \| International Life Insurance
Condensed Consolidated Income Statements
Premiums and contract revenues	22,871	18,303	64,476	56,612
Net investment income (loss)	2,229	3,986	16,296	(3,051)
Other revenues	2	24	6	63
Total revenues	25,102	22,313	80,778	53,624
Life and other policy benefits	3,880	6,419	9,410	13,048
Policy benefit remeasurement (gain)/loss	6,469	(18)	6,469	(18)
Market risk benefits expense	0	0	0	0
Amortization of deferred transaction costs	4,148	3,771	12,225	12,610
Universal life and annuity contract interest	646	2,421	11,592	(7,922)
Other operating expenses	7,300	4,384	22,208	14,121
Federal income taxes	3,179	1,138	6,314	4,518
Total expenses	25,622	18,115	68,218	36,357
Net earnings	(520)	4,198	12,560	17,267
Total segment assets \| Annuities
Condensed Consolidated Income Statements
Premiums and contract revenues	1,895	5,570	12,497	17,532
Net investment income (loss)	54,169	55,365	168,439	171,575
Other revenues	1,872	1,584	5,674	4,182
Total revenues	57,936	62,519	186,610	193,289
Life and other policy benefits	1,846	5,142	16,582	22,767
Policy benefit remeasurement (gain)/loss	0	93	0	93
Market risk benefits expense	(29,439)	(33,571)	6,733	(150,069)
Amortization of deferred transaction costs	10,457	9,022	34,463	32,741
Universal life and annuity contract interest	(11,701)	38,988	1,165	26,139
Other operating expenses	19,943	11,614	60,594	38,592
Federal income taxes	22,390	6,860	22,437	46,255
Total expenses	13,496	38,148	141,974	16,518
Net earnings	44,440	24,371	44,636	176,771
Total segment assets \| ONL & Affiliates
Condensed Consolidated Income Statements
Premiums and contract revenues	18,529	18,808	56,185	57,125
Net investment income (loss)	8,358	7,301	24,519	21,438
Other revenues	2,829	2,778	8,154	8,866
Total revenues	29,716	28,887	88,858	87,429
Life and other policy benefits	14,651	9,560	43,874	37,241
Policy benefit remeasurement (gain)/loss	521	5,909	521	5,909
Market risk benefits expense	0	0	0	0
Amortization of deferred transaction costs	2,314	3,234	7,130	10,071
Universal life and annuity contract interest	0	0	0	0
Other operating expenses	4,949	4,755	15,167	14,826
Federal income taxes	1,481	1,075	4,511	3,905
Total expenses	23,916	24,533	71,203	71,952
Net earnings	5,800	4,354	17,655	15,477
Total segment assets \| All Others
Condensed Consolidated Income Statements
Premiums and contract revenues	0	0	0	0
Net investment income (loss)	27	4,363	20,148	15,193
Other revenues	1,028	1,349	2,873	3,948
Total revenues	1,055	5,712	23,021	19,141
Life and other policy benefits	0	0	0	0
Policy benefit remeasurement (gain)/loss	0	0	0	0
Market risk benefits expense	0	0	0	0
Amortization of deferred transaction costs	0	0	0	0
Universal life and annuity contract interest	0	0	0	0
Other operating expenses	1,498	1,501	4,425	4,738
Federal income taxes	2,538	895	6,220	2,988
Total expenses	4,036	2,396	10,645	7,726
Net earnings	$ (2,981)	$ 3,316	$ 12,376	$ 11,415

Segment and Other Operating I_5

Segment and Other Operating Information - Premiums and Other Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting [Abstract]
Premiums and contract revenues	$ 56,102	$ 56,147	$ 171,387	$ 170,547
Net investment income (loss)	68,964	79,504	281,387	204,702
Other revenues	5,741	5,761	16,731	17,136
Net realized investment gains	25,883	745	25,976	6,305
Total revenues	$ 156,690	$ 142,157	$ 495,481	$ 398,690

Segment and Other Operating I_6

Segment and Other Operating Information - Federal Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Federal income taxes	$ 34,148	$ 9,710	$ 44,392	$ 59,869
Total segment assets
Segment Reporting Information [Line Items]
Federal income taxes	28,713	9,554	38,937	58,546
Segment Reconciling Items
Segment Reporting Information [Line Items]
Taxes on realized gains on investments	$ 5,435	$ 156	$ 5,455	$ 1,323

Segment and Other Operating I_7

Segment and Other Operating Information - Net Earnings (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Net earnings	$ 64,725	$ 35,188	$ 106,663	$ 229,277
Total segment assets
Segment Reporting Information [Line Items]
Net earnings	44,277	34,599	86,142	224,295
Segment Reconciling Items
Segment Reporting Information [Line Items]
Realized gains on investments, net of taxes	$ 20,448	$ 589	$ 20,521	$ 4,982

Segment and Other Operating I_8

Segment and Other Operating Information - Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total condensed consolidated assets	$ 12,059,430	$ 12,782,945
Total segment assets
Segment Reporting Information [Line Items]
Total condensed consolidated assets	11,538,524	12,292,874
Other unallocated assets
Segment Reporting Information [Line Items]
Total condensed consolidated assets	$ 520,906	$ 490,071

Share-Based Payments - Narrativ

Share-Based Payments - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
Share-Based Payments - Narrative (Details) - USD ($)	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2016	Jun. 30, 2023	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of extension							10 years
Liability balance of accrued costs	$ 61,400,000		$ 61,400,000		$ 20,500,000
Increase in share-based liability and related compensation expense	$ 5,400,000
Total intrinsic value of options exercised			1,800,000	$ 1,100,000
Fair value of vested awards			1,400,000	100,000
Cash received from exercise of stock options			$ 0	0
Closing stock price (in dollars per share)	$ 437.49		$ 437.49
Pre-tax compensation cost (benefit) recognized	$ 11,300,000	$ (1,200,000)	$ 43,600,000	1,400,000
Compensation cost (benefit), tax expense (benefit)	(2,400,000)	$ 200,000	(9,200,000)	$ (300,000)
Compensation cost related to nonvested options not yet recognized	$ 16,800,000		$ 16,800,000
Weighted average period over which the compensation is expected to be recognized			9 months 18 days
Employee SARs granted before 2016 \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period of awards			3 years
Employee SARs \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period of awards			1 year
Employee Stock Options and SARs \| Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period of awards			1 year
RSUs \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			100%
Vesting period			3 years
RSUs \| Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			1 year
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Performance period			3 years
Performance outcome period			3 years
Award measurement period					3 years	3 years
Performance factor used to determine compensation payout percentage					74.54%	110.19%
SARs \| 210.22
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price (in dollars per share)			$ 210.22
Vesting Service Period, Trench One \| Employee SARs granted before 2016 \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			20%
Vesting Service Period, Trench One \| Employee SARs \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			33.30%
Vesting Service Period, Trench One \| Employee Stock Options and SARs \| Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			20%
Vesting Service Period, Trench One \| RSUs \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period of awards			3 years
Vesting Service Period, Trench Two \| Employee SARs granted before 2016 \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			20%
Vesting Service Period, Trench Two \| Employee SARs \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			33.30%
Vesting Service Period, Trench Two \| Employee Stock Options and SARs \| Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			20%
Vesting Service Period, Trench Two \| RSUs \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period of awards			3 years
Vesting Service Period, Trench Three \| Employee SARs granted before 2016 \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			20%
Vesting Service Period, Trench Three \| Employee SARs \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			33.30%
Vesting Service Period, Trench Three \| Employee Stock Options and SARs \| Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			20%
Vesting Service Period, Trench Four \| Employee SARs granted before 2016 \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			20%
Vesting Service Period, Trench Four \| Employee Stock Options and SARs \| Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			20%
Vesting Service Period, Trench Five \| Employee SARs granted before 2016 \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			20%
Vesting Service Period, Trench Five \| Employee Stock Options and SARs \| Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			20%
Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, par value (in dollars per share)	$ 0.01		$ 0.01		$ 0.01
Closing stock price (in dollars per share)					$ 281			$ 415.56	$ 242.62
Class A \| RSUs \| Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting price determining period			20 days
Class A \| PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting price determining period			20 days
Class A \| Vesting Service Period, Trench Two \| RSUs \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting price determining period			20 days
Class A \| Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, par value (in dollars per share)							$ 0.01
Share-based payments, number of shares authorized under plans (in shares)							300,000

Share-Based Payments - Granted

Share-Based Payments - Granted Issued to Officers and Directors (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Officers and Directors \| SARs, RSUs and PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant price, moving average period			20 days
Officers \| SARs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in the period (in shares)	0	0	0	0
Officers \| RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in the period (in shares)	0	0	0	0
Officers \| PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in the period (in shares)	0	0	0	0
Directors \| SARs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in the period (in shares)	0	0	0	0
Directors \| RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in the period (in shares)	0	0	2,170	3,710
Directors \| PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in the period (in shares)	0	0	0	0

Share-Based Payments - Options

Share-Based Payments - Options and Stock Appreciation Rights Outstanding (Details)	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Shares Available for Issuance Pursuant to Grants
Beginning balance (in shares)	291,000
Exercised (in shares)	0
Forfeited (in shares)	0
Expired (in shares)	0
Stock options granted (in shares)	0
Ending balance (in shares)	291,000
Shares
Beginning balance (in shares)	0
Exercised (in shares)	0
Forfeited (in shares)	0
Expired (in shares)	0
Stock option granted (in shares)	0
Ending balance (in shares)	0
Weighted- Average Exercise Price
Beginning balance (in dollars per share) \| $ / shares	$ 0
Exercised (in dollars per share) \| $ / shares	0
Forfeited (in dollars per share) \| $ / shares	0
Expired (in dollars per share) \| $ / shares	0
Stock option granted (in dollars per share) \| $ / shares	0
Ending balance (in dollars per share) \| $ / shares	$ 0
SARs
Liability Awards
Beginning balance (in shares)	286,589
Exercised (in shares)	(2,860)
Forfeited (in shares)	(5,927)
Granted (in shares)	0
Ending balance (in shares)	277,802
RSUs
Liability Awards
Beginning balance (in shares)	21,861
Exercised (in shares)	(3,710)
Forfeited (in shares)	(689)
Granted (in shares)	2,170
Ending balance (in shares)	19,632
PSUs
Liability Awards
Beginning balance (in shares)	24,845
Exercised (in shares)	(6,066)
Forfeited (in shares)	(335)
Granted (in shares)	0
Ending balance (in shares)	18,444

Share-Based Payments - Exercise

Share-Based Payments - Exercise Range (Details) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($) $ / shares shares
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number Outstanding (in shares)	277,802
Number Exercisable (in shares)	116,855
SARs
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number Outstanding, Aggregate intrinsic value \| $	$ 58,799
Number Exercisable, Aggregate intrinsic value \| $	$ 23,467
SARs \| 210.22
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price (in dollars per share) \| $ / shares	$ 210.22
Number Outstanding (in shares)	21,650
Weighted- Average Remaining Contractual Life	2 months 12 days
Number Exercisable (in shares)	21,650
SARs \| 216.48
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price (in dollars per share) \| $ / shares	$ 216.48
Number Outstanding (in shares)	10,342
Weighted- Average Remaining Contractual Life	2 years 4 months 24 days
Number Exercisable (in shares)	10,342
SARs \| 311.16
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price (in dollars per share) \| $ / shares	$ 311.16
Number Outstanding (in shares)	7,807
Weighted- Average Remaining Contractual Life	3 years 4 months 24 days
Number Exercisable (in shares)	7,807
SARs \| 334.34
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price (in dollars per share) \| $ / shares	$ 334.34
Number Outstanding (in shares)	7,443
Weighted- Average Remaining Contractual Life	4 years 2 months 12 days
Number Exercisable (in shares)	7,443
SARs \| 303.77
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price (in dollars per share) \| $ / shares	$ 303.77
Number Outstanding (in shares)	9,357
Weighted- Average Remaining Contractual Life	5 years 2 months 12 days
Number Exercisable (in shares)	9,357
SARs \| 252.91
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price (in dollars per share) \| $ / shares	$ 252.91
Number Outstanding (in shares)	16,626
Weighted- Average Remaining Contractual Life	6 years 2 months 12 days
Number Exercisable (in shares)	16,626
SARs \| 192.1
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price (in dollars per share) \| $ / shares	$ 192.10
Number Outstanding (in shares)	35,861
Weighted- Average Remaining Contractual Life	7 years 2 months 12 days
Number Exercisable (in shares)	23,899
SARs \| 218.44
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price (in dollars per share) \| $ / shares	$ 218.44
Number Outstanding (in shares)	59,087
Weighted- Average Remaining Contractual Life	8 years 2 months 12 days
Number Exercisable (in shares)	19,731
SARs \| 220.61
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price (in dollars per share) \| $ / shares	$ 220.61
Number Outstanding (in shares)	109,629
Weighted- Average Remaining Contractual Life	9 years 2 months 12 days
Number Exercisable (in shares)	0

Share-Based Payments - Black Sc

Share-Based Payments - Black Scholes Option Pricing Model Assumptions (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield	0.08%	0.13%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term	2 months 12 days	10 months 24 days
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term	9 months 18 days	6 years 8 months 12 days
Weighted-Average
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility weighted-average	40.06%	36.18%
Risk-free rate weighted-average	5.50%	4.19%

Commitments and Contingencies (

Commitments and Contingencies (Details)						3 Months Ended
Commitments and Contingencies (Details)	May 10, 2022 USD ($)	Mar. 04, 2022 USD ($)	Feb. 11, 2022 USD ($)	Nov. 11, 2019 USD ($)	Jul. 27, 2019 USD ($)	Sep. 30, 2020 class_action_suit	Oct. 08, 2023 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2021 USD ($)	Apr. 30, 2019 USD ($)
National Western Life Insurance Group, Inc \| Subsequent Event \| S. USA Life Insurance Company, Inc.
Loss Contingencies [Line Items]
Contract termination fee							$ 66,500,000
Revolving Credit Facility
Loss Contingencies [Line Items]
Other commitment								$ 0
New Loans
Loss Contingencies [Line Items]
Other commitment								0
Existing Loans
Loss Contingencies [Line Items]
Other commitment								25,300,000
Capital Contributions to Investment Funds
Loss Contingencies [Line Items]
Other commitment								177,200,000
Private Placement
Loss Contingencies [Line Items]
Other commitment								$ 0
Tax Status Of Companys International Life Insurance Products Member \| Internal Revenue Service (IRS)
Loss Contingencies [Line Items]
Accrued settlement amount			$ 4,900,000
Payment remittance period after agreement effective date			60 days
Period within which to make the stipulated adjustments after agreement effective date			90 days
Williams v Pantaleoni et al
Loss Contingencies [Line Items]
Equity indexed annuity										$ 100,000
Punitive damages reversed		$ 2,500,000
Williams v Pantaleoni et al \| Economic Damages
Loss Contingencies [Line Items]
Loss contingency, damages awarded	$ 14,949	14,949
Punitive damages reversed	2,500,000
Williams v Pantaleoni et al \| Non-Economic Damages
Loss Contingencies [Line Items]
Loss contingency, damages awarded	420,000	420,000
Williams v Pantaleoni et al \| Plaintiff Attorney's Fees
Loss Contingencies [Line Items]
Loss contingency, damages awarded	1,260,000	$ 1,260,000
Williams v Pantaleoni et al \| Appellate Costs
Loss Contingencies [Line Items]
Loss contingency, damages awarded	538,461
Williams v Pantaleoni et al \| Reduced Plaintiff Attorney's Fees
Loss Contingencies [Line Items]
Loss contingency, damages awarded	$ 842,380
Mildred Baldwin, on behalf of herself and others similarly situated vs. National Western Life Insurance Company
Loss Contingencies [Line Items]
Number of proposed claims \| class_action_suit						2
Accrued settlement amount									$ 4,400,000
Judicial Ruling \| Williams v Pantaleoni et al \| Economic Damages
Loss Contingencies [Line Items]
Loss contingency, damages awarded					$ 14,949
Judicial Ruling \| Williams v Pantaleoni et al \| Non-Economic Damages
Loss Contingencies [Line Items]
Loss contingency, damages awarded					$ 2,900,000
Judicial Ruling \| Williams v Pantaleoni et al \| Plaintiff Attorney's Fees
Loss Contingencies [Line Items]
Loss contingency, damages awarded				$ 1,260,000

Investments - Investment Gains

Investments - Investment Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Available-for-sale debt securities:
Realized gains on disposal	$ 231	$ 27	$ 344	$ 5,254
Realized losses on disposal	0	(190)	0	(193)
Real estate gains (losses)	0	908	(20)	1,244
Other	25,652	0	25,652	0
Net realized investment gains	$ 25,883	$ 745	$ 25,976	$ 6,305

Investments - Narrative (Detail

Investments - Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
Investments - Narrative (Details) $ in Thousands	Sep. 30, 2023 USD ($)	Sep. 30, 2022	Sep. 30, 2023 USD ($) investment	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($) investment	Sep. 30, 2023	Sep. 30, 2023 issue	Sep. 30, 2023 security
Schedule of Investments [Line Items]
Percentage of gain (loss) on bonds due to calls of securities (percent)	100%	100%	81.60%	92.20%
Proceeds from tender of shares held in Moody Bancshares			$ 28,615	$ 4,053
Debt securities available for sale	$ 7,994,143		7,994,143		$ 8,438,760
Proceeds from sale of investment			44,678	39,254
Debt securities, available-for-sale	7,052,554		7,052,554		7,611,633
Loans originated during the year			$ 6,800	45,400	$ 47,400
Number of mortgage loan \| investment			3		3
Other long-term investments	308,899		$ 308,899		$ 262,106
Mortgage Loan Investment
Schedule of Investments [Line Items]
Loan investments made by reinsurer	19,300		19,300		19,300
Real Estate
Schedule of Investments [Line Items]
Other long-term investments	27,300		27,300		27,700
Operating income from real estate			2,300	2,300
Total net gain				$ 1,200
Moody Bancshares Inc
Schedule of Investments [Line Items]
Cost basis in Moody Bancshares	195		195
Proceeds from tender of shares held in Moody Bancshares			25,800
Ozark National Holdings
Schedule of Investments [Line Items]
Debt securities, available-for-sale	$ 663,000		$ 663,000		$ 674,800
US Treasury Bond Securities
Schedule of Investments [Line Items]
Increase in 10-year U.S. Treasury bond rate			0.69%
Debt Securities
Schedule of Investments [Line Items]
Gross unrealized losses, number of issues							1,076	1,076
Gross unrealized losses, percentage of total debt						97.60%
Gross unrealized losses, market value as a percent of amortized cost						88%
Gross unrealized losses, number of securities with maturities of 12 months or greater \| security								966
Gross unrealized losses, number of securities with maturities of 12 months or greater percentage						89.80%
Debt Securities \| External Credit Rating, Investment Grade
Schedule of Investments [Line Items]
Gross unrealized losses, number of issues \| security								1,060

Investments - Securities Availa

Investments - Securities Available for Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt securities:
Totals before allowance for credit losses	$ 7,994,143	$ 8,438,760
Gross Unrealized Gains	409	3,082
Gross Unrealized Losses	(941,998)	(830,209)
Fair Value	7,052,554	7,611,633
Allowance for Credit Losses	0	0
Fair Value
Less than 12 Months	494,796	6,673,701
12 Months or Greater	6,442,091	653,807
Total	6,936,887	7,327,508
Unrealized Losses
Less than 12 Months	(21,856)	(635,555)
12 Months or Greater	(920,142)	(194,656)
Total	(941,998)	(830,211)
U.S. agencies
Debt securities:
Totals before allowance for credit losses	12,102	21,003
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(460)	(377)
Fair Value	11,642	20,626
Allowance for Credit Losses	0	0
Fair Value
Less than 12 Months	4,539	20,626
12 Months or Greater	7,103	0
Total	11,642	20,626
Unrealized Losses
Less than 12 Months	(296)	(377)
12 Months or Greater	(164)	0
Total	(460)	(377)
U.S. Treasury
Debt securities:
Totals before allowance for credit losses	2,820	2,813
Gross Unrealized Gains	0	6
Gross Unrealized Losses	(141)	(90)
Fair Value	2,679	2,729
Allowance for Credit Losses	0	0
Fair Value
Less than 12 Months	1,003	1,749
12 Months or Greater	1,676	0
Total	2,679	1,749
Unrealized Losses
Less than 12 Months	(11)	(90)
12 Months or Greater	(130)	0
Total	(141)	(90)
States and political subdivisions
Debt securities:
Totals before allowance for credit losses	454,240	476,338
Gross Unrealized Gains	97	668
Gross Unrealized Losses	(79,618)	(65,507)
Fair Value	374,719	411,499
Allowance for Credit Losses	0	0
Fair Value
Less than 12 Months	46,636	346,009
12 Months or Greater	312,203	28,420
Total	358,839	374,429
Unrealized Losses
Less than 12 Months	(2,704)	(55,014)
12 Months or Greater	(76,914)	(10,493)
Total	(79,618)	(65,507)
Foreign governments
Debt securities:
Totals before allowance for credit losses	62,951	62,964
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(19,551)	(17,076)
Fair Value	43,400	45,888
Allowance for Credit Losses	0	0
Fair Value
Less than 12 Months	0	22,591
12 Months or Greater	43,400	23,296
Total	43,400	45,887
Unrealized Losses
Less than 12 Months	0	(7,658)
12 Months or Greater	(19,551)	(9,420)
Total	(19,551)	(17,078)
Public utilities
Debt securities:
Totals before allowance for credit losses	611,901	681,785
Gross Unrealized Gains	0	117
Gross Unrealized Losses	(76,290)	(66,765)
Fair Value	535,611	615,137
Allowance for Credit Losses	0	0
Fair Value
Less than 12 Months	2,434	601,824
12 Months or Greater	533,177	10,747
Total	535,611	612,571
Unrealized Losses
Less than 12 Months	(19)	(61,970)
12 Months or Greater	(76,271)	(4,795)
Total	(76,290)	(66,765)
Corporate
Debt securities:
Totals before allowance for credit losses	5,665,482	6,199,886
Gross Unrealized Gains	9	1,940
Gross Unrealized Losses	(648,756)	(570,255)
Fair Value	5,016,735	5,631,571
Allowance for Credit Losses	0	0
Fair Value
Less than 12 Months	260,567	4,985,075
12 Months or Greater	4,702,597	434,625
Total	4,963,164	5,419,700
Unrealized Losses
Less than 12 Months	(12,271)	(432,492)
12 Months or Greater	(636,485)	(137,763)
Total	(648,756)	(570,255)
Commercial mortgage-backed
Debt securities:
Totals before allowance for credit losses	22,452	21,965
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(2,023)	(1,680)
Fair Value	20,429	20,285
Allowance for Credit Losses	0	0
Fair Value
Less than 12 Months	4,846	20,285
12 Months or Greater	15,583	0
Total	20,429	20,285
Unrealized Losses
Less than 12 Months	(153)	(1,680)
12 Months or Greater	(1,870)	0
Total	(2,023)	(1,680)
Residential mortgage-backed
Debt securities:
Totals before allowance for credit losses	265,707	337,186
Gross Unrealized Gains	3	183
Gross Unrealized Losses	(19,150)	(16,338)
Fair Value	246,560	321,031
Allowance for Credit Losses	0	0
Fair Value
Less than 12 Months	28,534	307,410
12 Months or Greater	217,726	0
Total	246,260	307,410
Unrealized Losses
Less than 12 Months	(1,207)	(16,338)
12 Months or Greater	(17,943)	0
Total	(19,150)	(16,338)
Asset-backed
Debt securities:
Totals before allowance for credit losses	896,488	634,820
Gross Unrealized Gains	300	168
Gross Unrealized Losses	(96,009)	(92,121)
Fair Value	800,779	542,867
Allowance for Credit Losses	0	0
Fair Value
Less than 12 Months	146,237	368,132
12 Months or Greater	608,626	156,719
Total	754,863	524,851
Unrealized Losses
Less than 12 Months	(5,195)	(59,936)
12 Months or Greater	(90,814)	(32,185)
Total	$ (96,009)	$ (92,121)

Investments - Contractual Matur

Investments - Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Securities Available for Sale - Amortized Cost
Due in 1 year or less	$ 845,731
Due after 1 year through 5 years	2,725,641
Due after 5 years through 10 years	1,303,748
Due after 10 years	1,934,376
Amortized Cost	6,809,496
Mortgage and asset-backed securities	1,184,647
Totals before allowance for credit losses	7,994,143	$ 8,438,760
Allowance for Credit Losses	0	0
Totals	7,994,143
Debt Securities Available for Sale - Fair Value
Due in 1 year or less	835,118
Due after 1 year through 5 years	2,576,629
Due after 5 years through 10 years	1,123,633
Due after 10 years	1,449,406
Fair Value	5,984,786
Mortgage and asset-backed securities	1,067,768
Allowance for credit losses	0
Total	$ 7,052,554	$ 7,611,633

Investments - Mortgage Loans an

Investments - Mortgage Loans and Real Estate (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Totals	$ 490,059		$ 490,059		$ 505,730
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of the period			3,575
Total ending allowance for credit losses	4,296		4,296
Real Estate
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage loan, amount	495,597		495,597		510,595
Market value adjustment	(1,242)		(1,242)		(1,290)
Allowance for credit losses	(4,296)		(4,296)		(3,575)
Totals	$ 490,059		$ 490,059		$ 505,730
Mortgage loans, percentage	100%		100%		100%
Market value adjustment percentage	(0.30%)		(0.30%)		(0.30%)
Allowance for credit losses	(0.90%)		(0.90%)		(0.70%)
Totals, percentage	98.80%		98.80%		99%
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of the period	$ 3,736	$ 2,573	$ 3,575	$ 2,987
Provision during the period	560	1,225	721	811
Total ending allowance for credit losses	4,296	$ 3,798	4,296	$ 3,798
Real Estate \| Less than 50%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage loan, amount	$ 114,675		$ 114,675		$ 100,757
Mortgage loans, percentage	23.10%		23.10%		19.70%
Real Estate \| 50% to 60%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage loan, amount	$ 158,291		$ 158,291		$ 145,093
Mortgage loans, percentage	31.90%		31.90%		28.40%
Real Estate \| 60% to 70%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage loan, amount	$ 192,448		$ 192,448		$ 217,445
Mortgage loans, percentage	38.80%		38.80%		42.60%
Real Estate \| 70% to 80%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage loan, amount	$ 30,183		$ 30,183		$ 47,300
Mortgage loans, percentage	6.20%		6.20%		9.30%

Fair Value of Financial Instr_2

Fair Value of Financial Instruments - Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, available-for-sale	$ 7,052,554,000	$ 7,052,554,000	$ 7,611,633,000
Debt securities, trading	1,000,355,000	1,000,355,000	1,065,993,000
Equity securities	21,913,000	21,913,000	22,076,000
Mortgage loans	19,285,000	19,285,000	19,334,000
Derivatives, index options	55,278,000	55,278,000	23,669,000
Market risk benefits liabilities, net	220,506,000	220,506,000	$ 215,777,000	$ 202,631,000
Transfer from Level 2 to Level 3 for debt securities available for sale	0	$ 0
Transfer from level 2 to level 3 for liabilities	$ 0
Derivative Liability Statement Of Financial Position Extensible Enumeration Not Disclosed Flag	Policyholder account balances (a)	Policyholder account balances (a)	Policyholder account balances (a)
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, available-for-sale	$ 7,052,554,000	$ 7,052,554,000	$ 7,611,633,000
Debt securities, trading	1,000,355,000	1,000,355,000	1,065,993,000
Equity securities	21,913,000	21,913,000	22,076,000
Mortgage loans	19,285,000	19,285,000	19,334,000
Derivatives, index options	55,278,000	55,278,000	23,669,000
Short-term investments	7,821,000	7,821,000	3,937,000
Total assets	8,157,206,000	8,157,206,000	8,746,642,000
Policyholder account balances	383,034,000	383,034,000	387,686,000
Market risk benefits liabilities, net	172,266,000	172,266,000	167,018,000
Embedded derivative contra-liability	(349,275,000)	(349,275,000)	(334,955,000)
Other liabilities	61,379,000	61,379,000	20,542,000
Total liabilities	$ 267,404,000	$ 267,404,000	$ 240,291,000
Percent of total	100%	100%	100%
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, available-for-sale	$ 0	$ 0	$ 0
Debt securities, trading	0	0	0
Equity securities	18,475,000	18,475,000	18,407,000
Derivatives, index options	0	0	0
Short-term investments	0	0	0
Market risk benefits liabilities, net	0	0	0
Level 1 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, available-for-sale	0	0	0
Debt securities, trading	0	0	0
Equity securities	18,475,000	18,475,000	18,407,000
Mortgage loans	0	0	0
Derivatives, index options	0	0	0
Short-term investments	0	0	0
Total assets	18,475,000	18,475,000	18,407,000
Policyholder account balances	0	0	0
Market risk benefits liabilities, net	0	0	0
Embedded derivative contra-liability	0	0	0
Other liabilities	0	0	0
Total liabilities	$ 0	$ 0	$ 0
Percent of total	0.20%	0.20%	0.20%
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, available-for-sale	$ 6,562,141,000	$ 6,562,141,000	$ 7,148,837,000
Debt securities, trading	872,462,000	872,462,000	942,756,000
Equity securities	3,438,000	3,438,000	3,669,000
Derivatives, index options	0	0	0
Short-term investments	7,821,000	7,821,000	3,937,000
Market risk benefits liabilities, net	0	0	0
Level 2 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, available-for-sale	6,562,141,000	6,562,141,000	7,148,838,000
Debt securities, trading	872,462,000	872,462,000	942,756,000
Equity securities	3,438,000	3,438,000	3,669,000
Mortgage loans	0	0	0
Derivatives, index options	0	0	0
Short-term investments	7,821,000	7,821,000	3,937,000
Total assets	7,445,862,000	7,445,862,000	8,099,200,000
Policyholder account balances	0	0	0
Market risk benefits liabilities, net	0	0	0
Embedded derivative contra-liability	(338,252,000)	(338,252,000)	(324,712,000)
Other liabilities	0	0	0
Total liabilities	$ (338,252,000)	$ (338,252,000)	$ (324,712,000)
Percent of total	91.30%	91.30%	92.60%
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, available-for-sale	$ 490,413,000	$ 490,413,000	$ 462,796,000
Debt securities, trading	127,893,000	127,893,000	123,237,000
Equity securities	0	0	0
Derivatives, index options	55,278,000	55,278,000	23,669,000
Short-term investments	0	0	0
Total assets	123,190,000	123,190,000	95,337,000
Market risk benefits liabilities, net	172,266,000	172,266,000	167,018,000
Total liabilities	616,679,000	616,679,000	575,246,000
Level 3 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, available-for-sale	490,413,000	490,413,000	462,795,000
Debt securities, trading	127,893,000	127,893,000	123,237,000
Equity securities	0	0	0
Mortgage loans	19,285,000	19,285,000	19,334,000
Derivatives, index options	55,278,000	55,278,000	23,669,000
Short-term investments	0	0	0
Total assets	692,869,000	692,869,000	629,035,000
Policyholder account balances	383,034,000	383,034,000	387,686,000
Market risk benefits liabilities, net	172,266,000	172,266,000	167,018,000
Embedded derivative contra-liability	(11,023,000)	(11,023,000)	(10,243,000)
Other liabilities	61,379,000	61,379,000	20,542,000
Total liabilities	$ 605,656,000	$ 605,656,000	$ 565,003,000
Percent of total	8.50%	8.50%	7.20%
Priced by third-party vendors \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, available-for-sale	$ 6,948,649,000	$ 6,948,649,000	$ 7,535,630,000
Debt securities, trading	1,000,355,000	1,000,355,000	1,065,993,000
Equity securities	21,913,000	21,913,000	22,076,000
Mortgage loans	0	0	0
Derivatives, index options	55,278,000	55,278,000	23,669,000
Short-term investments	7,821,000	7,821,000	3,937,000
Priced by third-party vendors \| Level 1 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, available-for-sale	0	0	0
Debt securities, trading	0	0	0
Equity securities	18,475,000	18,475,000	18,407,000
Mortgage loans	0	0	0
Derivatives, index options	0	0	0
Short-term investments	0	0	0
Priced by third-party vendors \| Level 2 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, available-for-sale	6,562,141,000	6,562,141,000	7,148,838,000
Debt securities, trading	872,462,000	872,462,000	942,756,000
Equity securities	3,438,000	3,438,000	3,669,000
Mortgage loans	0	0	0
Derivatives, index options	0	0	0
Short-term investments	7,821,000	7,821,000	3,937,000
Priced by third-party vendors \| Level 3 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, available-for-sale	386,508,000	386,508,000	386,792,000
Debt securities, trading	127,893,000	127,893,000	123,237,000
Equity securities	0	0	0
Mortgage loans	0	0	0
Derivatives, index options	55,278,000	55,278,000	23,669,000
Short-term investments	0	0	0
Priced internally \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, available-for-sale	103,905,000	103,905,000	76,003,000
Debt securities, trading	0	0	0
Equity securities	0	0	0
Mortgage loans	19,285,000	19,285,000	19,334,000
Derivatives, index options	0	0	0
Short-term investments	0	0	0
Priced internally \| Level 1 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, available-for-sale	0	0	0
Debt securities, trading	0	0	0
Equity securities	0	0	0
Mortgage loans	0	0	0
Derivatives, index options	0	0	0
Short-term investments	0	0	0
Priced internally \| Level 2 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, available-for-sale	0	0	0
Debt securities, trading	0	0	0
Equity securities	0	0	0
Mortgage loans	0	0	0
Derivatives, index options	0	0	0
Short-term investments	0	0	0
Priced internally \| Level 3 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, available-for-sale	103,905,000	103,905,000	76,003,000
Debt securities, trading	0	0	0
Equity securities	0	0	0
Mortgage loans	19,285,000	19,285,000	19,334,000
Derivatives, index options	0	0	0
Short-term investments	$ 0	$ 0	$ 0

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Fair Value Measurements for Level 3 Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balance at beginning of period	$ 717,889	$ 498,535	$ 629,035	$ 511,875
Total realized and unrealized gains (losses):
Included in net earnings	(21,405)	(16,203)	3,265	(100,557)
Included in other comprehensive income (loss)	(16,193)	(12,642)	(11,338)	(43,335)
Purchases, sales, issuances and settlements, net:
Purchases	44,875	74,412	134,904	239,661
Sales			0	0
Issuances			0	0
Settlements	(32,297)	(7,044)	(62,997)	(70,586)
Transfers into (out of) Level 3			0	0
Balance at ending of period	$ 692,869	$ 537,058	$ 692,869	$ 537,058
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net earnings	Net earnings	Net earnings	Net earnings
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:	$ (26,381)	$ 2,871	$ (491)	$ (64,242)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]	Change during period	Change during period	Change during period	Change during period
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net investment income, Benefits, Losses and Expenses (Income), Net	Net investment income, Benefits, Losses and Expenses (Income), Net	Net investment income, Benefits, Losses and Expenses (Income), Net	Net investment income, Benefits, Losses and Expenses (Income), Net
Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balance at beginning of period	$ 679,992	$ 562,277	$ 565,003	$ 858,298
Total realized and unrealized (gains) losses:
Included in net earnings	(76,553)	(54,161)	15,524	(331,787)
Included in other comprehensive income (loss)		0	0	0
Purchases, sales, issuances and settlements, net:
Purchases	14,070	13,386	39,680	39,642
Sales		0	0	0
Issuances	216	163	325	604
Settlements	(12,069)	(92)	(14,876)	(46,353)
Transfers into (out of) Level 3		0	0	1,169
Balance at end of period September 30, 2023	605,656	521,573	605,656	521,573
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:	$ (51,828)	$ (24,492)	$ 48,029	$ (212,552)
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net earnings	Net earnings	Net earnings	Net earnings
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net investment income, Benefits, Losses and Expenses (Income), Net	Net investment income, Benefits, Losses and Expenses (Income), Net	Net investment income, Benefits, Losses and Expenses (Income), Net	Net investment income, Benefits, Losses and Expenses (Income), Net
Net investment income
Purchases, sales, issuances and settlements, net:
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:		$ 2,871	$ (491)	$ (64,242)
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]		Net investment income	Net investment income	Net investment income
Purchases, sales, issuances and settlements, net:
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:	$ (1,597)	$ (3,681)	$ (780)	$ (11,384)
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net investment income	Net investment income	Net investment income	Net investment income
Benefits and expenses
Purchases, sales, issuances and settlements, net:
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:		$ 0	$ 0	$ 0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]		Benefits, Losses and Expenses (Income), Net	Benefits, Losses and Expenses (Income), Net	Benefits, Losses and Expenses (Income), Net
Purchases, sales, issuances and settlements, net:
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:	$ (50,231)	$ (20,811)	$ 48,809	$ (201,168)
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Benefits, Losses and Expenses (Income), Net	Benefits, Losses and Expenses (Income), Net	Benefits, Losses and Expenses (Income), Net	Benefits, Losses and Expenses (Income), Net
Embedded Derivative Financial Instruments
Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balance at beginning of period	$ (9,426)	$ (6,534)	$ (10,243)	$ 0
Total realized and unrealized (gains) losses:
Included in net earnings	(1,597)	(3,681)	(780)	(11,384)
Included in other comprehensive income (loss)		0	0	0
Purchases, sales, issuances and settlements, net:
Purchases	0	0	0	0
Sales		0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Transfers into (out of) Level 3		0	0	1,169
Balance at end of period September 30, 2023	(11,023)	(10,215)	(11,023)	(10,215)
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:	(1,597)	(3,681)	(780)	(11,384)
Embedded Derivative Financial Instruments \| Net investment income
Purchases, sales, issuances and settlements, net:
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:	(1,597)	(3,681)	(780)	(11,384)
Embedded Derivative Financial Instruments \| Benefits and expenses
Purchases, sales, issuances and settlements, net:
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:	0	0	0	0
Policyholder Account Balances
Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balance at beginning of period	430,320	382,721	387,686	550,596
Total realized and unrealized (gains) losses:
Included in net earnings	(49,510)	(23,145)	(32,216)	(172,092)
Included in other comprehensive income (loss)		0	0	0
Purchases, sales, issuances and settlements, net:
Purchases	14,070	13,386	39,680	39,642
Sales		0	0	0
Issuances	0	0	0	0
Settlements	(11,846)	(92)	(12,116)	(45,276)
Transfers into (out of) Level 3		0	0	0
Balance at end of period September 30, 2023	383,034	372,870	383,034	372,870
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:	(24,785)	6,524	289	(52,858)
Policyholder Account Balances \| Net investment income
Purchases, sales, issuances and settlements, net:
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:	0	0	0	0
Policyholder Account Balances \| Benefits and expenses
Purchases, sales, issuances and settlements, net:
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:	(24,785)	6,524	289	(52,858)
Other Liabilities
Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balance at beginning of period	50,295	9,332	20,542	7,869
Total realized and unrealized (gains) losses:
Included in net earnings	11,068	(1,319)	43,336	1,192
Included in other comprehensive income (loss)		0	0	0
Purchases, sales, issuances and settlements, net:
Purchases	0	0	0	0
Sales		0	0	0
Issuances	239	155	261	184
Settlements	(223)	0	(2,760)	(1,077)
Transfers into (out of) Level 3		0	0	0
Balance at end of period September 30, 2023	61,379	8,168	61,379	8,168
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:	11,068	(1,319)	43,336	1,193
Other Liabilities \| Net investment income
Purchases, sales, issuances and settlements, net:
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:	0	0	0	0
Other Liabilities \| Benefits and expenses
Purchases, sales, issuances and settlements, net:
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:	11,068	(1,319)	43,336	1,193
Market Risk Benefits Liabilities, net
Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balance at beginning of period	208,803	176,758	167,018	299,833
Total realized and unrealized (gains) losses:
Included in net earnings	(36,514)	(26,016)	5,184	(149,503)
Included in other comprehensive income (loss)		0	0	0
Purchases, sales, issuances and settlements, net:
Purchases	0	0	0	0
Sales		0	0	0
Issuances	(23)	8	64	420
Settlements	0	0	0	0
Transfers into (out of) Level 3		0	0	0
Balance at end of period September 30, 2023	172,266	150,750	172,266	150,750
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:	(36,514)	(26,016)	5,184	(149,503)
Market Risk Benefits Liabilities, net \| Net investment income
Purchases, sales, issuances and settlements, net:
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:	0	0	0	0
Market Risk Benefits Liabilities, net \| Benefits and expenses
Purchases, sales, issuances and settlements, net:
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:	(36,514)	(26,016)	5,184	(149,503)
Debt Securities, Available-for-Sale
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balance at beginning of period	483,980	373,957	462,796	326,962
Total realized and unrealized gains (losses):
Included in net earnings	0	0	0	0
Included in other comprehensive income (loss)	(16,193)	(12,642)	(11,338)	(43,335)
Purchases, sales, issuances and settlements, net:
Purchases	28,582	55,888	64,239	151,872
Sales			0	0
Issuances			0	0
Settlements	(5,956)	(6,656)	(25,284)	(24,952)
Transfers into (out of) Level 3			0	0
Balance at ending of period	490,413	410,547	490,413	410,547
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:	0	0	0	0
Debt Securities, Available-for-Sale \| Net investment income
Purchases, sales, issuances and settlements, net:
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:		0	0	0
Debt Securities, Available-for-Sale \| Benefits and expenses
Purchases, sales, issuances and settlements, net:
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:		0	0	0
Trading Securities
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balance at beginning of period	141,624	99,769	123,236	74,822
Total realized and unrealized gains (losses):
Included in net earnings	(1,492)	(3,102)	(828)	(9,705)
Included in other comprehensive income (loss)	0	0	0	0
Purchases, sales, issuances and settlements, net:
Purchases	2,223	3,904	30,985	35,454
Sales			0	0
Issuances			0	0
Settlements	(14,462)	(265)	(25,500)	(265)
Transfers into (out of) Level 3			0	0
Balance at ending of period	127,893	100,306	127,893	100,306
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:	(1,492)	(3,102)	(828)	(9,705)
Trading Securities \| Net investment income
Purchases, sales, issuances and settlements, net:
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:		(3,102)	(828)	(9,705)
Trading Securities \| Benefits and expenses
Purchases, sales, issuances and settlements, net:
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:		0	0	0
Derivatives, Index Options
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balance at beginning of period	72,863	6,071	23,669	101,622
Total realized and unrealized gains (losses):
Included in net earnings	(19,809)	(12,550)	4,045	(89,173)
Included in other comprehensive income (loss)	0	0	0	0
Purchases, sales, issuances and settlements, net:
Purchases	14,070	13,386	39,680	39,642
Sales			0	0
Issuances			0	0
Settlements	(11,846)	(92)	(12,116)	(45,276)
Transfers into (out of) Level 3			0	0
Balance at ending of period	55,278	6,815	55,278	6,815
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:	(24,785)	6,524	289	(52,858)
Derivatives, Index Options \| Net investment income
Purchases, sales, issuances and settlements, net:
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:		6,524	289	(52,858)
Derivatives, Index Options \| Benefits and expenses
Purchases, sales, issuances and settlements, net:
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:		0	0	0
Mortgage Loans
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balance at beginning of period	19,422	18,738	19,334	8,469
Total realized and unrealized gains (losses):
Included in net earnings	(104)	(551)	48	(1,679)
Included in other comprehensive income (loss)	0	0	0	0
Purchases, sales, issuances and settlements, net:
Purchases	0	1,234	0	12,693
Sales			0	0
Issuances			0	0
Settlements	(33)	(31)	(97)	(93)
Transfers into (out of) Level 3			0	0
Balance at ending of period	19,285	19,390	19,285	19,390
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:	$ (104)	(551)	48	(1,679)
Mortgage Loans \| Net investment income
Purchases, sales, issuances and settlements, net:
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:		(551)	48	(1,679)
Mortgage Loans \| Benefits and expenses
Purchases, sales, issuances and settlements, net:
Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets/liabilities held at the end of the reporting period:		$ 0	$ 0	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Quantitative Information (Details) $ in Thousands	Sep. 30, 2023 USD ($) year	Dec. 31, 2022 USD ($) year	Sep. 30, 2022 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, available-for-sale	$ 7,052,554	$ 7,611,633
Mortgage loans, at fair value	19,285	19,334
Market risk benefits liabilities, net	220,506	215,777	$ 202,631
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, available-for-sale	490,413	462,796
Total assets	123,190	95,337
Market risk benefits liabilities, net	172,266	167,018
Total liabilities	616,679	575,246
Discounted cash flows \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities, available-for-sale	103,905	76,003
Mortgage loans, at fair value	19,285	19,334
Deterministic cash flow model \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Policyholder account balances	383,034	387,686
Black-Scholes model \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Share-based compensation	61,379	20,542
Risk-neutral valuation \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Market risk benefits liabilities, net	$ 172,266	$ 167,018
Expected volatility \| Black-Scholes model \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Share based compensation, measurement input	0.4006	0.3618
Minimum \| Discount rate \| Discounted cash flows \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, available-for-sale, measurement input	0.0355	0.0432
Minimum \| Spread \| Discounted cash flows \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage loans, measurement input	0.0175	0.0150
Minimum \| Projected option cost \| Deterministic cash flow model \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Policyholder account balances, measurement input	0	0
Minimum \| Expected term \| Black-Scholes model \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Share based compensation, measurement input \| year	0.2	0.9
Minimum \| Benefit utilization rates \| Risk-neutral valuation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Market risk benefit, measurement input	0.0500	0.0500
Maximum \| Discount rate \| Discounted cash flows \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, available-for-sale, measurement input	0.0614	0.0728
Maximum \| Spread \| Discounted cash flows \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage loans, measurement input	0.0325	0.0300
Maximum \| Projected option cost \| Deterministic cash flow model \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Policyholder account balances, measurement input	0.0918	0.0570
Maximum \| Expected term \| Black-Scholes model \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Share based compensation, measurement input \| year	0.8	6.7
Maximum \| Benefit utilization rates \| Risk-neutral valuation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Market risk benefit, measurement input	0.2000	0.2000
Weighted-Average \| Discount rate \| Discounted cash flows \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, available-for-sale, measurement input	0.0504	0.0579
Weighted-Average \| Projected option cost \| Deterministic cash flow model \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Policyholder account balances, measurement input	0.0369	0.0292
Weighted-Average \| Benefit utilization rates \| Risk-neutral valuation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Market risk benefit, measurement input	0.0500	0.0500

Fair Values of Financial Inst_2

Fair Values of Financial Instruments - Fair Value by Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
ASSETS
Debt securities, available-for-sale	$ 7,052,554	$ 7,611,633
Debt securities, trading	1,000,355	1,065,993
Derivatives, index options	55,278	23,669
Equity securities	21,913	22,076
LIABILITIES
Market risk benefits liabilities, net	220,506	215,777	$ 202,631
Carrying Values
ASSETS
Debt securities, available-for-sale	7,052,554	7,611,633
Debt securities, trading	1,000,355	1,065,993
Cash and cash equivalents	320,740	295,270
Mortgage loans	490,059	505,730
Real estate	27,273	27,712
Policy loans	67,809	70,495
Other loans	44,478	31,586
Derivatives, index options	55,278	23,669
Equity securities	21,913	22,076
Short-term investments	7,821	3,937
Life interest in Libbie Shearn Moody Trust	7,100	7,100
Other investments	4,318	4,513
LIABILITIES
Deferred annuity contracts	5,049,868	5,583,038
Immediate annuity and supplemental contracts	348,106	367,128
Market risk benefits liabilities, net	172,266	167,018
Fair Values
ASSETS
Debt securities, available-for-sale	7,052,554	7,611,633
Debt securities, trading	1,000,355	1,065,993
Cash and cash equivalents	320,740	295,270
Mortgage loans	434,094	457,873
Real estate	47,867	47,867
Policy loans	81,258	87,478
Other loans	43,667	31,915
Derivatives, index options	55,278	23,669
Equity securities	21,913	22,076
Short-term investments	7,821	3,937
Life interest in Libbie Shearn Moody Trust	12,775	12,775
Other investments	4,532	26,230
LIABILITIES
Deferred annuity contracts	3,626,361	3,934,517
Immediate annuity and supplemental contracts	350,394	373,346
Market risk benefits liabilities, net	172,266	167,018
Level 1
ASSETS
Debt securities, available-for-sale	0	0
Debt securities, trading	0	0
Cash and cash equivalents	320,740	295,270
Mortgage loans	0	0
Real estate	0	0
Policy loans	0	0
Other loans	0	0
Derivatives, index options	0	0
Equity securities	18,475	18,407
Short-term investments	0	0
Life interest in Libbie Shearn Moody Trust	0	0
Other investments	0	0
LIABILITIES
Deferred annuity contracts	0	0
Immediate annuity and supplemental contracts	0	0
Market risk benefits liabilities, net	0	0
Level 2
ASSETS
Debt securities, available-for-sale	6,562,141	7,148,837
Debt securities, trading	872,462	942,756
Cash and cash equivalents	0	0
Mortgage loans	0	0
Real estate	0	0
Policy loans	0	0
Other loans	0	0
Derivatives, index options	0	0
Equity securities	3,438	3,669
Short-term investments	7,821	3,937
Life interest in Libbie Shearn Moody Trust	0	0
Other investments	0	0
LIABILITIES
Deferred annuity contracts	0	0
Immediate annuity and supplemental contracts	0	0
Market risk benefits liabilities, net	0	0
Level 3
ASSETS
Debt securities, available-for-sale	490,413	462,796
Debt securities, trading	127,893	123,237
Cash and cash equivalents	0	0
Mortgage loans	434,094	457,873
Real estate	47,867	47,867
Policy loans	81,258	87,478
Other loans	43,667	31,915
Derivatives, index options	55,278	23,669
Equity securities	0	0
Short-term investments	0	0
Life interest in Libbie Shearn Moody Trust	12,775	12,775
Other investments	4,532	26,230
LIABILITIES
Deferred annuity contracts	3,626,361	3,934,517
Immediate annuity and supplemental contracts	350,394	373,346
Market risk benefits liabilities, net	$ 172,266	$ 167,018

Derivatives - Balance Sheet (De

Derivatives - Balance Sheet (Details) $ in Thousands	Sep. 30, 2023 USD ($) agreement	Dec. 31, 2022 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Number of coinsurance funds withheld reinsurance agreements \| agreement	2
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 55,278	$ 23,669
Derivatives not designated as hedging instruments:
Derivatives, Fair Value [Line Items]
Asset Derivatives	55,278	23,669
Liability Derivatives	33,759	52,731
Derivatives not designated as hedging instruments: \| Equity index options
Derivatives, Fair Value [Line Items]
Asset Derivatives	55,278	23,669
Derivatives not designated as hedging instruments: \| Fixed-index products
Derivatives, Fair Value [Line Items]
Liability Derivatives	383,034	387,686
Derivatives not designated as hedging instruments: \| Embedded derivative on reinsurance contract
Derivatives, Fair Value [Line Items]
Liability Derivatives	$ (349,275)	$ (334,955)

Derivatives - Statements of Ear

Derivatives - Statements of Earnings (Details) - Derivatives not designated as hedging instruments: - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Income on Derivatives	$ 65,231	$ 81,205	$ 50,581	$ 339,418
Equity index options
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Income on Derivatives	(19,655)	(12,550)	5,246	(89,173)
Fixed-index products
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Income on Derivatives	49,355	23,145	31,015	172,092
Embedded derivative on reinsurance contract
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Income on Derivatives	$ 35,531	$ 70,610	$ 14,320	$ 256,499

Intangibles and Goodwill - Gros

Intangibles and Goodwill - Gross Carrying Amounts and Accumulated Amortization (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Gross Carrying Amount	$ 9,600	$ 9,600
Accumulated Amortization	$ (3,404)	(2,857)
Trademarks/trade names
Business Acquisition [Line Items]
Weighted-Average Amortization Period	15 years
Gross Carrying Amount	$ 2,800	2,800
Accumulated Amortization	$ (871)	(731)
Internally developed software
Business Acquisition [Line Items]
Weighted-Average Amortization Period	7 years
Gross Carrying Amount	$ 3,800	3,800
Accumulated Amortization	(2,533)	(2,126)
Insurance licenses
Business Acquisition [Line Items]
Gross Carrying Amount	3,000	3,000
Accumulated Amortization	$ 0	$ 0

Intangibles and Goodwill - Expe

Intangibles and Goodwill - Expected Amortization (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2023	$ 182
2024	730
2025	730
2026	232
2027	187
Thereafter	$ 1,135

Intangibles and Goodwill - Chan

Intangibles and Goodwill - Changes in Goodwill (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Gross goodwill as of beginning of year	$ 13,864	$ 13,864
Goodwill resulting from business acquisition	0	0
Gross goodwill, before impairments	13,864	13,864
Accumulated impairment as of beginning of year		0	$ 0
Current year impairments	0	0
Net goodwill as of end of period	$ 13,864	$ 13,864

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event - National Western Life Insurance Group, Inc - S. USA Life Insurance Company, Inc. $ / shares in Units, $ in Billions	Oct. 08, 2023 USD ($) $ / shares
Effects of Reinsurance [Line Items]
Conversion right for each outstanding share (in usd per share) \| $ / shares	$ 500
Merger agreement \| $	$ 1.9