Pruco Life Insurance 10-Q 13 May 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2022	May 13, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Transition Report	false
Entity File Number	033-37587
Entity Registrant Name	PRUCO LIFE INSURANCE CO
Entity Central Index Key	0000777917
Entity Incorporation, State or Country Code	AZ
Entity Tax Identification Number	22-1944557
Entity Address, Address Line One	213 Washington Street
Entity Address, City or Town	Newark
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07102
City Area Code	973
Local Phone Number	802-6000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		250,000

Unaudited Interim Consolidated

Unaudited Interim Consolidated Statements of Financial Position - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Fixed maturities, available for sale, at fair value (allowance for credit losses: 2022-$20,725; 2021-$4,149) (amortized cost: 2022–$13,620,095; 2021–$12,737,749)	$ 13,024,865	$ 13,278,166
Fixed maturities, trading, at fair value (amortized cost: 2022–$3,050,524; 2021–$3,319,660)	2,696,898	3,302,392
Equity securities, at fair value (cost: 2022– $27,065; 2021–$106,174)	28,039	111,267
Policy loans	476,038	1,327,485
Short-term investments	47,491	182,437
Commercial mortgage and other loans (net of $6,446 and $5,951 allowance for credit losses at March 31, 2022 and December 31, 2021, respectively)	2,977,138	2,832,560
Other invested assets (includes $281,111 and $348,004 of assets measured at fair value at March 31, 2022 and December 31, 2021, respectively)	1,117,460	1,209,925
Total investments	20,367,929	22,244,232
Cash and cash equivalents	1,832,067	918,931
Deferred policy acquisition costs	6,197,331	6,830,972
Accrued investment income	138,781	160,027
Reinsurance recoverables	39,356,117	38,598,767
Receivables from parent and affiliates	359,219	278,131
Deferred sales inducements	314,788	374,649
Income taxes receivable	1,609,059	1,316,879
Other assets	1,006,312	1,140,948
Separate account assets	137,681,186	149,797,828
TOTAL ASSETS	208,862,789	221,661,364
LIABILITIES
Future policy benefits	25,207,277	27,927,029
Policyholders’ account balances	36,972,407	35,361,795
Cash collateral for loaned securities	2,696	3,004
Long-term debt to affiliates	318,088	320,362
Payables to parent and affiliates	132,405	31,775
Other liabilities	3,414,673	2,264,477
Separate account liabilities	137,681,186	149,797,828
Total liabilities	203,728,732	215,706,270
EQUITY
Common stock ($10 par value; 1,000,000 shares authorized; 250,000 shares issued and outstanding)	2,500	2,500
Additional paid-in capital	6,050,651	6,042,491
Retained earnings / (accumulated deficit)	(462,319)	(437,332)
Accumulated other comprehensive income (loss)	(456,775)	347,435
Total equity	5,134,057	5,955,094
TOTAL LIABILITIES AND EQUITY	$ 208,862,789	$ 221,661,364

Unaudited Interim Consolidate_2

Unaudited Interim Consolidated Statements of Financial Position (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Fixed Maturities, Available-for-sale, allowance for credit losses	$ 20,725	$ 4,149
Fixed Maturities, Available-for-sale, amortized cost	13,620,095	12,737,749
Fixed maturities, trading, amortized cost	3,050,524	3,319,660
Equity securities, at fair value	27,065	106,174
Commercial mortgage and other loans, allowance for credit losses	6,446	5,951
Other invested assets, at fair value	$ 281,111	$ 348,004
Common Stock, Par or Stated Value Per Share	$ 10	$ 10
Common Stock, Shares Authorized	1,000,000	1,000,000
Common Stock, Shares, Issued	250,000	250,000
Common Stock, Shares, Outstanding	250,000	250,000

Unaudited Interim Consolidate_3

Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
REVENUES
Premiums	$ 74,245	$ 44,405
Policy charges and fee income	191,562	151,865
Net investment income	179,300	98,867
Asset administration fees	79,232	6,211
Other income (loss)	(327,604)	18,244
Realized investment gains (losses), net	784,107	76,608
TOTAL REVENUES	980,842	396,200
BENEFITS AND EXPENSES
Policyholders’ benefits	219,764	93,913
Interest credited to policyholders’ account balances	163,526	56,170
Amortization of deferred policy acquisition costs	359,547	51,840
General, administrative and other expenses	267,697	136,196
TOTAL BENEFITS AND EXPENSES	1,010,534	338,119
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total	(29,692)	58,081
Income tax expense (benefit)	(4,701)	(45,309)
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE	(24,991)	103,390
Equity in earnings of operating joint venture, net of taxes	4	(13)
NET INCOME (LOSS)	(24,987)	103,377
Other comprehensive income (loss), before tax:
Foreign currency translation adjustments	(1,670)	(5,205)
Net unrealized investment gains (losses)	(1,015,998)	(350,202)
Total	(1,017,668)	(355,407)
Less: Income tax expense (benefit) related to other comprehensive income (loss)	(213,458)	(73,731)
Other comprehensive income (loss), net of taxes	(804,210)	(281,676)
Comprehensive income (loss)	$ (829,197)	$ (178,299)

Unaudited Interim Consolidate_4

Unaudited Interim Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Common   Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive   Income (Loss)
Beginning Balance at Dec. 31, 2020	$ 4,047,716	$ 2,500	$ 1,726,690	$ 1,772,398	$ 546,128
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contributed capital	105,900		105,900
Comprehensive income (loss):
NET INCOME (LOSS)	103,377			103,377
Other comprehensive income (loss), net of tax	(281,676)				(281,676)
Total comprehensive income (loss)	(178,299)
Ending Balance at Mar. 31, 2021	3,975,317	2,500	1,832,590	1,875,775	264,452
Beginning Balance at Dec. 31, 2021	5,955,094	2,500	6,042,491	(437,332)	347,435
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contributed capital	8,160		8,160
Comprehensive income (loss):
NET INCOME (LOSS)	(24,987)			(24,987)
Other comprehensive income (loss), net of tax	(804,210)				(804,210)
Total comprehensive income (loss)	(829,197)
Ending Balance at Mar. 31, 2022	$ 5,134,057	$ 2,500	$ 6,050,651	$ (462,319)	$ (456,775)

Unaudited Interim Consolidate_5

Unaudited Interim Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (24,987)	$ 103,377
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Policy charges and fee income	(21,815)	(28,138)
Interest credited to policyholders’ account balances	163,526	56,170
Realized investment (gains) losses, net	(784,107)	(76,608)
Amortization and other non-cash items	(1,043)	(17,211)
Change in:
Future policy benefits	429,299	629,659
Reinsurance recoverables	61,230	(597,841)
Accrued investment income	177	(4,115)
Net payables to/receivables from parent and affiliates	13,342	25,571
Deferred policy acquisition costs	113,058	(176,017)
Income taxes	(78,724)	(45,258)
Derivatives, net	(970,491)	(97,539)
Other, net	1,094,633	80,694
Cash flows from (used in) operating activities	(5,902)	(147,256)
Proceeds from the sale/maturity/prepayment of:
Fixed maturities, available-for-sale	397,074	108,725
Fixed maturities, trading	260,266	0
Equity securities	108,979	98,680
Policy loans	45,522	44,593
Ceded policy loans	(29,420)	(4,533)
Short-term investments	156,639	74,984
Commercial mortgage and other loans	46,204	61,607
Other invested assets	24,698	14,688
Payments for the purchase/origination of:
Fixed maturities, available-for-sale	(1,257,876)	(510,669)
Fixed maturities, trading	(18,641)	(1,370)
Equity securities	(30,573)	0
Policy loans	(31,465)	(27,122)
Ceded policy loans	15,297	2,254
Short-term investments	(21,748)	(28,991)
Commercial mortgage and other loans	(201,771)	(33,840)
Other invested assets	(35,431)	(13,659)
Notes receivable from parent and affiliates, net	140	(28)
Derivatives, net	(18,925)	(10,823)
Other, net	45,054	(1,376)
Cash flows from (used in) investing activities	(545,977)	(226,880)
CASH FLOWS FROM FINANCING ACTIVITIES:
Policyholders’ account deposits	2,578,123	1,036,026
Ceded policyholders’ account deposits	(321,589)	(820,018)
Policyholders’ account withdrawals	(973,023)	(750,479)
Ceded policyholders’ account withdrawals	157,877	663,049
Net change in securities sold under agreement to repurchase and cash collateral for loaned securities	(300)	0
Contributed capital	0	100,000
Drafts outstanding	23,673	3,837
Other, net	254	(9,531)
Cash flows from (used in) financing activities	1,465,015	222,884
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	913,136	(151,252)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	918,931	426,979
CASH AND CASH EQUIVALENTS, END OF PERIOD	1,832,067	275,727
Significant Non-Cash Transactions
Non-cash activities		$ 0
Lotus Re
Significant Non-Cash Transactions
Non-cash activities	$ 525,000

Business and Basis of Presentat

Business and Basis of Presentation	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Basis of Presentation	BUSINESS AND BASIS OF PRESENTATION Pruco Life Insurance Company (“Pruco Life”) is a wholly-owned subsidiary of The Prudential Insurance Company of America (“Prudential Insurance”), which in turn is a direct wholly-owned subsidiary of Prudential Financial, Inc. (“Prudential Financial”). Pruco Life is a stock life insurance company organized in 1971 under the laws of the State of Arizona. It is licensed to sell life insurance and annuities in the District of Columbia, Guam and in all states except New York, and sells such products primarily through affiliated and unaffiliated distributors. Pruco Life has one wholly-owned insurance subsidiary, Pruco Life Insurance Company of New Jersey (“PLNJ”). PLNJ is a stock life insurance company organized in 1982 under the laws of the State of New Jersey. It is licensed to sell life insurance and annuities in New Jersey and New York only. Pruco Life and its subsidiary are together referred to as the "Company", "we" or "our" and all financial information is shown on a consolidated basis. 2021 Variable Annuities Recapture Effective July 1, 2021, the Company recaptured the risks related to its variable annuity base contracts, along with the living benefit guarantees, that had previously been reinsured to Prudential Annuities Life Assurance Corporation (“PALAC”) from April 1, 2016 through June 30, 2021. The recapture does not impact PLNJ, which will continue to reinsure its new and in force business to Prudential Insurance. The product risks related to the previously reinsured business that were being managed in PALAC, were transferred to the Company. In addition, the living benefit hedging program related to the previously reinsured living benefit riders are being managed within the Company. This transaction is referred to as the "2021 Variable Annuities Recapture". See Note 1 to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, for more details. Reinsurance Agreement with PALAC Effective December 1, 2021, the Company entered into a reinsurance agreement with PALAC under which the Company assumed all of its variable and fixed indexed annuities and fixed annuities with a guaranteed lifetime withdrawal income feature from PALAC. Basis of Presentation The Unaudited Interim Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) on a basis consistent with reporting interim financial information in accordance with instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (“SEC”). Intercompany balances and transactions have been eliminated. In the opinion of management, all adjustments necessary for a fair statement of the financial position and results of operations have been made. All such adjustments are of a normal, recurring nature. Interim results are not necessarily indicative of the results that may be expected for the full year. These financial statements should be read in conjunction with the Company’s Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates include those used in determining deferred policy acquisition costs ("DAC") and related amortization; policyholders' account balances and reinsurance related to the fair value of embedded derivative instruments associated with the index-linked features of certain universal life and annuity products; valuation of investments including derivatives, measurement of allowance for credit losses, and the recognition of other-than-temporary impairments; future policy benefits including guarantees; reinsurance recoverables; provision for income taxes and valuation of deferred tax assets; and accruals for contingent liabilities, including estimates for losses in connection with unresolved legal and regulatory matters. COVID-19 Since the first quarter of 2020, the novel coronavirus (“COVID-19”) has resulted in extreme stress and disruption in the global economy and financial markets. While markets have rebounded, the pandemic has adversely impacted, and may continue to adversely impact, the Company's results of operations, financial condition and cash flows. Due to the highly uncertain nature of these conditions, it is not possible to estimate the ultimate impacts at this time. The risks may have manifested, and may continue to manifest, in the Company's financial statements in the areas of, among others, i) insurance liabilities and related balances: potential changes to assumptions regarding investment returns, mortality and policyholder behavior which are reflected in our insurance liabilities and certain related balances (e.g., DAC, etc.) and; ii) investments: increased risk of loss on our investments due to default or deterioration in credit quality or value. The Company cannot predict what impact the COVID-19 pandemic will ultimately have on its businesses. Reclassifications Certain amounts in prior periods have been reclassified to conform to the current period presentation. Out of Period Adjustment During the first quarter of 2022, the Company recorded an out of period adjustment which increased “Realized investment gains (losses), net” by $48 million, resulting in a net increase of $48 million to “Income (loss) from operations before income taxes and equity in earnings of operating joint venture” for the three months ended March 31, 2022. In addition, there were mostly offsetting adjustments impacting the classification of various balance sheet financial statement lines. These adjustments are related to certain portions of reinsurance activity that had been incorrectly recorded during the fourth quarter of 2021. Management has evaluated the impact of all out of period adjustments, both individually and in the aggregate, and concluded that they are not material to any current or previously reported quarterly or annual financial statements.

Significant Accounting Policies

Significant Accounting Policies and Pronouncements	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Significant Accounting Policies and Pronouncements	SIGNIFICANT ACCOUNTING POLICIES AND PRONOUNCEMENTS Recent Accounting Pronouncements Changes to U.S. GAAP are established by the Financial Accounting Standards Board ("FASB") in the form of Accounting Standards Updates ("ASUs") to the FASB Accounting Standards Codification ("ASC"). The Company considers the applicability and impact of all ASUs. ASUs listed below include those that have been adopted during the current fiscal year and/or those that have been issued but not yet adopted as of March 31, 2022, and as of the date of this filing. ASUs not listed below were assessed and determined to be either not applicable or not material. ASU issued but not yet adopted as of March 31, 2022 — ASU 2018-12 ASU2018-12 , Financial Services - Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts, was issued by the FASB on August 15, 2018, and was amended by ASU 2019-09, Financial Services - Insurance (Topic 944): Effective Date , issued in October 2019, and ASU 2020-11, Financial Services-Insurance (Topic 944): Effective Date and Early Application , issued in November 2020. The Company will adopt ASU 2018-12 effective January 1, 2023 using the modified retrospective transition method where permitted, and apply the guidance as of January 1, 2021 (and record transition adjustments as of January 1, 2021) in the 2023 financial statements. ASU 2018-12 will impact, at least to some extent, the accounting and disclosure requirements for all long-duration insurance and investment contracts issued by the Company. The Company expects the standard to have a significant financial impact on the Consolidated Financial Statements and will significantly enhance disclosures. In addition to the significant impacts to the balance sheet, the Company also expects an impact to the pattern of earnings emergence following the transition date. Outlined below are four key areas of change, although there are other less significant policy changes not noted below. ASU 2018-12 Amended Topic Description Method of adoption Effect on the financial statements or other significant matters Cash flow assumptions used to measure the liability for future policy benefits for non-participating traditional and limited-pay insurance products Requires an entity to review, and if necessary, update the cash flow assumptions used to measure the liability for future policy benefits, for both changes in future assumptions and actual experience, at least annually using a retrospective update method with a cumulative catch-up adjustment recorded in a separate line item in the Consolidated Statements of Operations. An entity may choose one of two adoption methods for the liability for future policy benefits: (1) a modified retrospective transition method whereby the entity may choose to apply the amendments to contracts in force as of the beginning of the prior year (if early adoption is elected) or as of the beginning of the earliest period presented on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in Accumulated other comprehensive income (loss) ("AOCI") or (2) a full retrospective transition method. The Company will adopt this guidance effective January 1, 2023 using the modified retrospective transition method. The impacts of electing such method are currently under assessment. Discount rate assumption used to measure the liability for future policy benefits for non-participating traditional and limited-pay insurance products Requires discount rate assumptions to be based on an upper-medium grade fixed income instrument yield, which will be updated each quarter with the impact recorded through OCI. An entity shall maximize the use of relevant observable information and minimize the use of unobservable information in determining the discount rate assumptions. As noted above, an entity may choose either a modified retrospective transition method or full retrospective transition method for the liability for future policy benefits. Under either method, for balance sheet remeasurement purposes, the liability for future policy benefits will be remeasured using current discount rates as of either the beginning of the prior year (if early adoption is elected) or the beginning of the earliest period presented with the impact recorded as a cumulative effect adjustment to AOCI. As noted above, the Company will adopt the guidance for the liability for future policy benefits effective January 1, 2023 using the modified retrospective transition method. There will be an adjustment to AOCI as a result of remeasuring in force contract liabilities using upper-medium grade fixed income instrument yields as of the adoption date. The adjustment will largely reflect the difference between discount rates locked-in at contract inception versus discount rates at transition. The magnitude of such adjustment is currently being assessed. Amortization of DAC and other balances Requires DAC and other balances, such as unearned revenue reserves and DSI, to be amortized on a constant level basis over the expected term of the related contract, independent of expected profitability. An entity may apply one of two adoption methods: (1) a modified retrospective transition method whereby the entity may choose to apply the amendments to contracts in force as of the beginning of the prior year (if early adoption is elected) or as of the beginning of the earliest period presented on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI or (2) if an entity chooses a full retrospective transition method for its liability for future policy benefits, as described above, it is required to also use a full retrospective transition method for DAC and other balances. The Company will adopt this guidance effective January 1, 2023 using the modified retrospective transition method. Under the modified retrospective transition method, the Company would not expect a significant impact to the balance sheet, other than the impact of the removal of any related amounts in AOCI. Market Risk Benefits ("MRB") Requires an entity to measure all market risk benefits (e.g., living benefit and death benefit guarantees associated with variable annuities) at fair value, and record MRB assets and liabilities separately on the Statements of Financial Position. Changes in fair value of market risk benefits are recorded in net income, except for the portion of the change in MRB liabilities attributable to changes in an entity’s non-performance risk ("NPR"), which is recognized in OCI. An entity shall adopt the guidance for market risk benefits using the retrospective transition method, which includes a cumulative-effect adjustment on the balance sheet as of either the beginning of prior year (if early adoption is elected) or the beginning of the earliest period presented. An entity shall maximize the use of relevant observable information and minimize the use of unobservable information in determining the balance of the market risk benefits upon adoption. The Company will adopt this guidance effective January 1, 2023 using the retrospective transition method. Upon adoption, the Company expects an impact to retained earnings for the difference between the fair value and carrying value of benefits not currently measured at fair value (e.g., guaranteed minimum death benefits on variable annuities) and an impact from reclassifying the cumulative effect of changes in NPR from retained earnings to AOCI. The magnitude of such adjustments is currently being assessed. Other ASU issued but not yet adopted as of March 31, 2022 Standard Description Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosure This ASU eliminates the accounting guidance for Troubled Debt Restructurings (“TDR”) for creditors and adds enhanced disclosure requirements for certain loan refinancings and restructurings by creditors made to borrowers experiencing financial difficulty. Following adoption of the ASU, all loan refinancings are subject to the modification guidance in ASC 310-20.This ASU also amends the guidance on the vintage disclosures to require disclosure of current-period gross write-offs by year of origination. January 1, 2023 using the prospective method with an option to apply a modified retrospective transition method for the recognition and measurement of TDRs which will include a cumulative effect adjustment on the balance sheet in the period of adoption. Early adoption is permitted beginning January 1, 2022, including adoption in an interim period provided guidance is applied as of the beginning of the year. The Company does not expect the adoption of the ASU to have a significant impact on the Consolidated Financial Statements and Notes to the Consolidated Financial Statements.

Investments

Investments	3 Months Ended
	Mar. 31, 2022
Investments [Abstract]
Investments	3. INVESTMENTS Fixed Maturity Securities The following tables set forth the composition of fixed maturity securities (excluding investments classified as trading), as of the dates indicated: March 31, 2022 Amortized Gross Gross Allowance for Credit Losses Fair (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 302,835 $ 1,239 $ 7,071 $ 0 $ 297,003 Obligations of U.S. states and their political subdivisions 604,286 17,194 12,308 0 609,172 Foreign government bonds 333,824 10,697 17,993 399 326,129 U.S. public corporate securities 4,973,499 115,899 316,620 0 4,772,778 U.S. private corporate securities 2,136,230 15,758 100,031 2,482 2,049,475 Foreign public corporate securities 994,201 8,921 68,260 1,177 933,685 Foreign private corporate securities 3,001,495 8,711 204,953 16,667 2,788,586 Asset-backed securities(1) 624,560 486 7,251 0 617,795 Commercial mortgage-backed securities 598,640 6,048 24,296 0 580,392 Residential mortgage-backed securities(2) 50,525 727 1,402 0 49,850 Total fixed maturities, available-for-sale $ 13,620,095 $ 185,680 $ 760,185 $ 20,725 $ 13,024,865 (1) Includes credit-tranched securities collateralized by loan obligations, education loans, auto loans and other asset types. (2) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. December 31, 2021 Amortized Gross Gross Allowance for Credit Losses Fair (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 303,040 $ 31,011 $ 111 $ 0 $ 333,940 Obligations of U.S. states and their political subdivisions 584,244 46,978 701 0 630,521 Foreign government bonds 324,454 29,299 3,271 11 350,471 U.S. public corporate securities 4,794,878 366,764 29,770 0 5,131,872 U.S. private corporate securities 1,964,767 59,037 16,880 2,049 2,004,875 Foreign public corporate securities 906,031 34,234 10,363 0 929,902 Foreign private corporate securities 2,741,449 62,932 48,381 2,089 2,753,911 Asset-backed securities(1) 547,549 860 1,099 0 547,310 Commercial mortgage-backed securities 552,653 25,928 3,397 0 575,184 Residential mortgage-backed securities(2) 18,684 1,501 5 0 20,180 Total fixed maturities, available-for-sale $ 12,737,749 $ 658,544 $ 113,978 $ 4,149 $ 13,278,166 (1) Includes credit-tranched securities collateralized by loan obligations, education loans, auto loans and other asset types. (2) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. The following tables set forth the fair value and gross unrealized losses on available-for-sale fixed maturity securities without an allowance for credit losses aggregated by investment category and length of time that individual fixed maturity securities had been in a continuous unrealized loss position, as of the dates indicated: March 31, 2022 Less Than Twelve Months Twelve Months or More Total Fair Value Gross Fair Value Gross Fair Value Gross (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 275,075 $ 6,836 $ 1,983 $ 235 $ 277,058 $ 7,071 Obligations of U.S. states and their political subdivisions 141,153 12,308 0 0 141,153 12,308 Foreign government bonds 178,805 12,942 27,715 5,051 206,520 17,993 U.S. public corporate securities 2,921,652 278,141 201,571 38,479 3,123,223 316,620 U.S. private corporate securities 1,451,948 95,558 23,847 4,473 1,475,795 100,031 Foreign public corporate securities 697,013 56,679 79,629 10,775 776,642 67,454 Foreign private corporate securities 2,394,846 194,856 57,609 10,094 2,452,455 204,950 Asset-backed securities 575,329 7,199 6,750 52 582,079 7,251 Commercial mortgage-backed securities 305,947 18,064 49,414 6,232 355,361 24,296 Residential mortgage-backed securities 38,622 1,402 0 0 38,622 1,402 Total fixed maturities, available-for-sale $ 8,980,390 $ 683,985 $ 448,518 $ 75,391 $ 9,428,908 $ 759,376 December 31, 2021 Less Than Twelve Months Twelve Months or More Total Fair Value Gross Fair Value Gross Fair Value Gross (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of $ 0 $ 0 $ 2,119 $ 111 $ 2,119 $ 111 Obligations of U.S. states and their political subdivisions 104,621 701 0 0 104,621 701 Foreign government bonds 59,550 2,826 6,473 371 66,023 3,197 U.S. public corporate securities 1,681,201 23,160 180,249 6,610 1,861,450 29,770 U.S. private corporate securities 972,796 14,036 16,409 2,844 989,205 16,880 Foreign public corporate securities 532,445 8,255 29,718 2,108 562,163 10,363 Foreign private corporate securities 1,253,739 42,392 57,637 5,616 1,311,376 48,008 Asset-backed securities 288,971 1,099 0 0 288,971 1,099 Commercial mortgage-backed securities 157,355 1,622 40,689 1,775 198,044 3,397 Residential mortgage-backed securities 1,393 5 0 0 1,393 5 Total fixed maturities, available-for-sale $ 5,052,071 $ 94,096 $ 333,294 $ 19,435 $ 5,385,365 $ 113,531 As of March 31, 2022 and December 31, 2021, the gross unrealized losses on fixed maturity available-for-sale securities without an allowance were composed of $686.1 million and $95.1 million, respectively, related to “1” highest quality or “2” high quality securities based on the National Association of Insurance Commissioners (“NAIC”) or equivalent rating and $73.3 million and $18.4 million, respectively, related to other than high or highest quality securities based on NAIC or equivalent rating. As of March 31, 2022, the $75.4 million of gross unrealized losses of twelve months or more were concentrated in the Company’s corporate securities within the finance, utility and consumer non-cyclical sectors. As of December 31, 2021, the $19.4 million of gross unrealized losses of twelve months or more were concentrated in the Company's corporate securities within the utility, finance and consumer non-cyclical sectors. In accordance with its policy described in Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, the Company concluded that an adjustment to earnings for credit losses related to these fixed maturity securities was not warranted at March 31, 2022. This conclusion was based on a detailed analysis of the underlying credit and cash flows on each security. Gross unrealized losses are primarily attributable to increases in interest rates, general credit spread widening, foreign currency exchange rate movements and the financial condition or near-term prospects of the issuer. As of March 31, 2022, the Company did not intend to sell these securities, and it was not more likely than not that the Company would be required to sell these securities before the anticipated recovery of the remaining amortized cost basis. The following table sets forth the amortized cost and fair value of fixed maturities by contractual maturities, as of the date indicated: March 31, 2022 Amortized Cost Fair Value (in thousands) Fixed maturities, available-for-sale: Due in one year or less $ 387,461 $ 370,463 Due after one year through five years 2,790,499 2,674,504 Due after five years through ten years 3,360,474 3,117,495 Due after ten years 5,807,936 5,614,366 Asset-backed securities 624,560 617,795 Commercial mortgage-backed securities 598,640 580,392 Residential mortgage-backed securities 50,525 49,850 Total fixed maturities, available-for-sale $ 13,620,095 $ 13,024,865 Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Asset-backed, commercial mortgage-backed and residential mortgage-backed securities are shown separately in the table above, as they do not have a single maturity date. The following table sets forth the sources of fixed maturity proceeds and related investment gains (losses), as well as losses on write-downs and the allowance for credit losses of fixed maturities, for the periods indicated: Three Months Ended March 31, 2022 2021 (in thousands) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 274,429 $ 33,749 Proceeds from maturities/prepayments 120,361 74,085 Gross investment gains from sales and maturities (706) 352 Gross investment losses from sales and maturities (19,442) (2,569) Write-downs recognized in earnings(2) 3 (2) (Addition to) release of allowance for credit losses (16,576) (519) (1) Excludes activities from non-cash related proceeds due to the timing of trade settlements of $2.3 million and $0.9 million for the three months ended March 31, 2022 and 2021, respectively. (2) Amounts represent write-downs of credit adverse securities and securities actively marketed for sale. The following tables set forth the activity in the allowance for credit losses for fixed maturity securities, as of the dates indicated: Three Months Ended March 31, 2022 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in thousands) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 11 $ 4,138 $ 0 $ 0 $ 0 $ 4,149 Additions to allowance for credit losses not previously recorded 0 329 9,258 0 0 0 9,587 Reductions for securities sold during the period 0 (3) 0 0 0 0 (3) Addition (reductions) on securities with previous allowance 0 62 6,930 0 0 0 6,992 Balance, end of period $ 0 $ 399 $ 20,326 $ 0 $ 0 $ 0 $ 20,725 Three Months Ended March 31, 2021 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in thousands) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 0 $ 2,339 $ 0 $ 0 $ 0 $ 2,339 Reductions for securities sold during the period 0 0 (11) 0 0 0 (11) Addition (reductions) on securities with previous allowance 0 0 530 0 0 0 530 Balance, end of period $ 0 $ 0 $ 2,858 $ 0 $ 0 $ 0 $ 2,858 See Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 for additional information about the Company’s methodology for developing our allowance for credit losses. For the three months ended March 31, 2022, the net increase in the allowance for credit losses on available-for-sale securities was primarily related to adverse projected cash flows in the communication and foreign agency sectors within corporate securities. For the three months ended March 31, 2021, the net increase in the allowance for credit losses on available-for-sale securities was primarily related to adverse projected cash flows on securities in the utility and communication sectors within private corporate securities. The Company did not have any fixed maturity securities purchased with credit deterioration, as of both March 31, 2022 and December 31, 2021. Fixed Maturities, Trading The net change in unrealized gains (losses) from fixed maturities, trading still held at period end, recorded within “Other income (loss),” was $(336.4) million and $(2.7) million during the three months ended March 31, 2022 and 2021, respectively. Equity Securities The net change in unrealized gains (losses) from equity securities still held at period end, recorded within “Other income (loss),” was $(4.1) million and $(0.5) million during the three months ended March 31, 2022 and 2021, respectively. Commercial Mortgage and Other Loans The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: March 31, 2022 December 31, 2021 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Apartments/Multi-Family $ 806,466 27.0 % $ 748,414 26.4 % Hospitality 47,529 1.7 48,141 1.7 Industrial 994,566 33.3 916,398 32.2 Office 454,299 15.2 445,055 15.7 Other 257,859 8.6 252,590 8.9 Retail 229,353 7.7 255,577 9.0 Total commercial mortgage loans 2,790,072 93.5 2,666,175 93.9 Agricultural property loans 193,512 6.5 172,336 6.1 Total commercial mortgage and agricultural property loans 2,983,584 100.0 % 2,838,511 100.0 % Allowance for credit losses (6,446) (5,951) Total net commercial mortgage and agricultural property loans $ 2,977,138 $ 2,832,560 As of March 31, 2022, the commercial mortgage and agricultural property loans were secured by properties geographically dispersed throughout the United States (with the largest concentrations in California (24%), Texas (11%) and New York (6%)) and included loans secured by properties in Europe (14%), Australia (3%) and Mexico (3%). The following table sets forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated: Three Months Ended March 31, 2022 2021 Commercial Mortgage Loans Agricultural Property Loans Total Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Allowance, beginning of period $ 5,847 $ 104 $ 5,951 $ 4,546 $ 6 $ 4,552 Addition to (release of) allowance for expected losses 477 18 495 (237) (1) (238) Allowance, end of period $ 6,324 $ 122 $ 6,446 $ 4,309 $ 5 $ 4,314 See Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 for additional information about the Company's methodology for developing our allowance and expected losses. For the three months ended March 31, 2022, the net increase in the allowance for credit losses on commercial mortgage and other loans was primarily related to loan originations. For the three months ended March 31, 2021, the decrease in the allowance for credit losses on commercial mortgage and other loans was reflecting the improving credit environment. The following tables set forth key credit quality indicators based upon the recorded investment gross of allowance for credit losses, as of the dates indicated: March 31, 2022 Amortized Cost by Origination Year 2022 2021 2020 2019 2018 Prior Total (in thousands) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 0 $ 47,159 $ 0 $ 177,478 $ 75,987 $ 643,413 $ 944,037 60%-69.99% 40,360 307,625 235,943 290,954 170,351 261,320 1,306,553 70%-79.99% 132,705 163,009 75,332 72,412 13,728 81,343 538,529 80% or greater 0 0 0 0 0 953 953 Total $ 173,065 $ 517,793 $ 311,275 $ 540,844 $ 260,066 $ 987,029 $ 2,790,072 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 173,065 $ 500,852 $ 195,538 $ 478,368 $ 253,238 $ 884,585 $ 2,485,646 1.0 - 1.2x 0 16,941 109,430 39,338 6,828 45,716 218,253 Less than 1.0x 0 0 6,307 23,138 0 56,728 86,173 Total $ 173,065 $ 517,793 $ 311,275 $ 540,844 $ 260,066 $ 987,029 $ 2,790,072 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 25,000 $ 98,527 $ 26,363 $ 16,181 $ 6,452 $ 20,989 $ 193,512 60%-69.99% 0 0 0 0 0 0 0 70%-79.99% 0 0 0 0 0 0 0 80% or greater 0 0 0 0 0 0 0 Total $ 25,000 $ 98,527 $ 26,363 $ 16,181 $ 6,452 $ 20,989 $ 193,512 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 25,000 $ 98,527 $ 26,363 $ 16,181 $ 6,452 $ 20,174 $ 192,697 1.0 - 1.2x 0 0 0 0 0 0 0 Less than 1.0x 0 0 0 0 0 815 815 Total $ 25,000 $ 98,527 $ 26,363 $ 16,181 $ 6,452 $ 20,989 $ 193,512 December 31, 2021 Amortized Cost by Origination Year 2021 2020 2019 2018 2017 Prior Total (in thousands) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 47,161 $ 0 $ 179,682 $ 76,656 $ 126,934 $ 553,022 $ 983,455 60%-69.99% 307,999 225,330 289,322 170,444 126,159 116,654 1,235,908 70%-79.99% 163,451 86,083 75,185 13,728 55,032 51,203 444,682 80% or greater 0 0 0 0 958 1,172 2,130 Total $ 518,611 $ 311,413 $ 544,189 $ 260,828 $ 309,083 $ 722,051 $ 2,666,175 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 501,456 $ 195,164 $ 481,289 $ 253,938 $ 289,443 $ 638,092 $ 2,359,382 1.0 - 1.2x 17,155 109,862 39,577 6,890 7,100 39,213 219,797 Less than 1.0x 0 6,387 23,323 0 12,540 44,746 86,996 Total $ 518,611 $ 311,413 $ 544,189 $ 260,828 $ 309,083 $ 722,051 $ 2,666,175 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 98,579 $ 26,581 $ 16,226 $ 6,463 $ 8,372 $ 16,115 $ 172,336 60%-69.99% 0 0 0 0 0 0 0 70%-79.99% 0 0 0 0 0 0 0 80% or greater 0 0 0 0 0 0 0 Total $ 98,579 $ 26,581 $ 16,226 $ 6,463 $ 8,372 $ 16,115 $ 172,336 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 98,579 $ 26,581 $ 16,226 $ 6,463 $ 8,372 $ 15,300 $ 171,521 1.0 - 1.2x 0 0 0 0 0 0 0 Less than 1.0x 0 0 0 0 0 815 815 Total $ 98,579 $ 26,581 $ 16,226 $ 6,463 $ 8,372 $ 16,115 $ 172,336 See Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 for additional information about the Company’s commercial mortgage and other loans credit quality monitoring process. The following tables set forth an aging of past due commercial mortgage and other loans based upon the recorded investment gross of allowance for credit losses, as well as the amount of commercial mortgage and other loans on non-accrual status, as of the dates indicated: March 31, 2022 Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due(1) Total Loans Non-Accrual Status(2) (in thousands) Commercial mortgage loans $ 2,790,072 $ 0 $ 0 $ 0 $ 2,790,072 $ 0 Agricultural property loans 193,512 0 0 0 193,512 0 Total $ 2,983,584 $ 0 $ 0 $ 0 $ 2,983,584 $ 0 (1) As of March 31, 2022, there were no loans in this category accruing interest. (2) For additional information regarding the Company’s policies for accruing interest on loans, see Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. December 31, 2021 Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due(1) Total Loans Non-Accrual Status(2) (in thousands) Commercial mortgage loans $ 2,666,175 $ 0 $ 0 $ 0 $ 2,666,175 $ 0 Agricultural property loans 172,336 0 0 0 172,336 0 Total $ 2,838,511 $ 0 $ 0 $ 0 $ 2,838,511 $ 0 (1) As of December 31, 2021, there were no loans in this category accruing interest. (2) For additional information regarding the Company’s policies for accruing interest on loans, see Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. For both the three months ended March 31, 2022 and 2021, there were no commercial mortgage and other loans acquired, other than those through direct origination and there were no commercial mortgage and other loans sold. The Company did not have any commercial mortgage and other loans purchased with credit deterioration, as of both March 31, 2022 and December 31, 2021. Other Invested Assets The following table sets forth the composition of “Other invested assets,” as of the dates indicated: March 31, 2022 December 31, 2021 (in thousands) Company’s investment in separate accounts $ 793 $ 53,694 LPs/LLCs: Equity method: Private equity 298,562 286,141 Hedge funds 440,490 432,749 Real estate-related 96,504 89,337 Subtotal equity method 835,556 808,227 Fair value: Private equity 67,984 69,137 Hedge funds 481 481 Real estate-related 10,230 9,861 Subtotal fair value 78,695 79,479 Total LPs/LLCs 914,251 887,706 Derivative instruments 202,416 268,525 Total other invested assets $ 1,117,460 $ 1,209,925 Accrued Investment Income The following table sets forth the composition of “Accrued investment income,” as of the dates indicated: March 31, 2022 December 31, 2021 (in thousands) Fixed maturities $ 115,731 $ 117,216 Equity securities 163 2 Commercial mortgage and other loans 7,954 7,025 Policy loans 14,456 35,153 Other invested assets 262 254 Short-term investments and cash equivalents 215 377 Total accrued investment income $ 138,781 $ 160,027 There were no significant write-downs on accrued investment income for both the three months ended March 31, 2022 and 2021. Net Investment Income The following table sets forth “Net investment income” by investment type, for the periods indicated: Three Months Ended March 31, 2022 2021 (in thousands) Fixed maturities, available-for-sale $ 109,191 $ 59,958 Fixed maturities, trading 15,565 531 Equity securities 162 103 Commercial mortgage and other loans 22,248 13,426 Policy loans 16,944 17,034 Other invested assets 24,912 13,073 Short-term investments and cash equivalents 648 127 Gross investment income 189,670 104,252 Less: investment expenses (10,370) (5,385) Net investment income $ 179,300 $ 98,867 Realized Investment Gains (Losses), Net The following table sets forth “Realized investment gains (losses), net” by investment type, for the periods indicated: Three Months Ended March 31, 2022 2021 (in thousands) Fixed maturities(1) $ (36,721) $ (2,738) Commercial mortgage and other loans (603) 238 Other invested assets 1,642 22 Derivatives 820,053 79,091 Short-term investments and cash equivalents (264) (5) Realized investment gains (losses), net $ 784,107 $ 76,608 (1) Includes fixed maturity securities classified as available-for-sale and excludes fixed maturity securities classified as trading. . Net Unrealized Gains (Losses) on Investments within AOCI The following table sets forth net unrealized gains (losses) on investments, as of the dates indicated: March 31, 2022 December 31, 2021 (in thousands) Fixed maturity securities, available-for-sale with an allowance $ 2,063 $ 3,685 Fixed maturity securities, available-for-sale without an allowance (576,568) 540,881 Derivatives designated as cash flow hedges(1) 52,720 39,896 Affiliated notes (5,992) 73 Other investments(2) 1,513 1,854 Net unrealized gains (losses) on investments $ (526,264) $ 586,389 (1) For more information on cash flow hedges, see Note 4. (2) Includes net unrealized gains (losses) on certain joint ventures that are strategic in nature and are included in "other assets". Repurchase Agreements and Securities Lending In the normal course of business, the Company sells securities under agreements to repurchase and enters into securities lending transactions. As of both March 31, 2022 and December 31, 2021, the Company had no repurchase agreements. The following table sets forth the composition of “Cash collateral for loaned securities,” which represents the liability to return cash collateral received for the following types of securities loaned, as of the dates indicated: March 31, 2022 December 31, 2021 Remaining Contractual Maturities of the Agreements Remaining Contractual Maturities of the Agreements Overnight & Continuous Up to 30 Days Total Overnight & Continuous Up to 30 Days Total (in thousands) U.S. public corporate securities $ 2,696 $ 0 $ 2,696 $ 3,004 $ 0 $ 3,004 Total cash collateral for loaned securities(1) $ 2,696 $ 0 $ 2,696 $ 3,004 $ 0 $ 3,004 (1) The Company did not have any agreements with remaining contractual maturities greater than thirty days, as of the dates indicated.

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	4. DERIVATIVES AND HEDGING Types of Derivative Instruments and Derivative Strategies The Company utilizes various derivative instruments and strategies to manage its risk. Commonly used derivative instruments include, but are not necessarily limited to: • Interest rate contracts: futures, swaps, options, caps and floors • Equity contracts: futures, options and total return swaps • Foreign exchange contracts: futures, options, forwards and swaps • Credit contracts: single and index reference credit default swaps Other types of financial contracts that the Company accounts for as derivatives include: • Embedded derivatives For detailed information on these contracts and the related strategies, see Note 4 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. Primary Risks Managed by Derivatives The table below provides a summary of the gross notional amount and fair value of derivative contracts by the primary underlying risks, excluding embedded derivatives and associated reinsurance recoverables. Many derivative instruments contain multiple underlying risks. The fair value amounts below represent the value of derivative contracts prior to taking into account the netting effects of master netting agreements and cash collateral. March 31, 2022 December 31, 2021 Primary Underlying Risk/Instrument Type Fair Value Fair Value Gross Notional Assets Liabilities Gross Notional Assets Liabilities (in thousands) Derivatives Designated as Hedge Accounting Instruments: Currency/Interest Rate Interest Rate Swaps $ 3,306 $ 0 $ (127) $ 3,344 $ 55 $ 0 Foreign Currency Swaps 1,257,356 55,035 (10,040) 886,552 37,259 (6,900) Total Derivatives Designated as Hedge Accounting Instruments $ 1,260,662 $ 55,035 $ (10,167) $ 889,896 $ 37,314 $ (6,900) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 134,315,860 $ 4,661,714 $ (10,707,561) $ 130,358,860 $ 5,698,740 $ (10,348,130) Interest Rate Options 9,873,000 141,443 (170,561) 9,883,000 280,323 (173,863) Interest Rate Futures 2,084,100 2,928 (2,394) 4,109,300 2,876 (2,709) Interest Rate Forwards 115,000 0 (6,315) 195,000 3,760 (991) Foreign Currency Foreign Currency Forwards 223,781 2,954 (439) 119,653 842 (1,063) Credit Credit Default Swaps 2,285,550 46,641 0 306,900 24,789 0 Currency/Interest Rate Foreign Currency Swaps 1,974,625 71,808 (23,693) 2,139,523 68,477 (23,251) Equity Total Return Swaps 13,609,955 151,873 (220,436) 15,129,666 66,627 (475,209) Equity Options 33,912,368 644,928 (843,974) 19,461,881 902,050 (1,535,272) Equity Futures 4,221,956 2,110 (59,684) 5,015,002 736 (6,595) Total Derivatives Not Qualifying as Hedge Accounting Instruments $ 202,616,195 $ 5,726,399 $ (12,035,057) $ 186,718,785 $ 7,049,220 $ (12,567,083) Total Derivatives(1)(2) $ 203,876,857 $ 5,781,434 $ (12,045,224) $ 187,608,681 $ 7,086,534 $ (12,573,983) (1) Excludes embedded derivatives and associated reinsurance recoverables which contain multiple underlying risks. The fair value of these embedded derivatives was a net liability of $6,965 million and $9,048 million as of March 31, 2022 and December 31, 2021, respectively included in "Future policy benefits" and $3,260 million and $3,246 million as of March 31, 2022 and December 31, 2021, respectively included in "Policyholders' account balances". Other assets included $76 million and $73 million as of March 31, 2022 and December 31, 2021, respectively. Other liabilities included $6 million and $13 million as of March 31, 2022 and December 31, 2021, respectively. The fair value of the related reinsurance, included in "Reinsurance recoverables" and/or "Reinsurance payables" was an asset of $701 million and $931 million as of March 31, 2022 and December 31, 2021, respectively. (2) Recorded in “Other invested assets” and “Payables to parent and affiliates” on the Unaudited Interim Consolidated Statements of Financial Position. Offsetting Assets and Liabilities The following table presents recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements that are offset in the Unaudited Interim Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Unaudited Interim Consolidated Statements of Financial Position. March 31, 2022 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 5,781,434 $ (5,579,018) $ 202,416 $ 0 $ 202,416 Securities purchased under agreements to resell 300,000 0 300,000 (300,000) 0 Total Assets $ 6,081,434 $ (5,579,018) $ 502,416 $ (300,000) $ 202,416 Offsetting of Financial Liabilities: Derivatives $ 12,045,224 $ (11,987,555) $ 57,668 $ (57,668) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 12,045,224 $ (11,987,555) $ 57,668 $ (57,668) $ 0 December 31, 2021 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 7,086,534 $ (6,818,009) $ 268,525 $ 0 $ 268,525 Securities purchased under agreements to resell 185,000 0 185,000 (185,000) 0 Total Assets $ 7,271,534 $ (6,818,009) $ 453,525 $ (185,000) $ 268,525 Offsetting of Financial Liabilities: Derivatives $ 12,573,983 $ (12,568,082) $ 5,901 $ (5,901) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 12,573,983 $ (12,568,082) $ 5,901 $ (5,901) $ 0 (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty. For information regarding the rights of offset associated with the derivative assets and liabilities in the table above see “Credit Risk” below and Note 9. For securities purchased under agreements to resell and securities sold under agreements to repurchase, the Company monitors the value of the securities and maintains collateral, as appropriate, to protect against credit exposure. Where the Company has entered into repurchase and resale agreements with the same counterparty, in the event of default, the Company would generally be permitted to exercise rights of offset. For additional information on the Company’s accounting policy for securities repurchase and resale agreements, see Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. Cash Flow Hedges The primary derivative instruments used by the Company in its cash flow hedge accounting relationships are currency swaps and interest rate swaps. These instruments are only designated for hedge accounting in instances where the appropriate criteria are met. The Company does not use futures, options, credit, or equity derivatives in any of its cash flow hedge accounting relationships. The following tables provide the financial statement classification and impact of derivatives used in qualifying and non-qualifying hedge relationships, excluding the offset of the hedged item in an effective hedge relationship. Three Months Ended March 31, 2022 Realized Net Other Change in AOCI (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Interest Rate $ 0 $ 11 $ 0 $ (157) Currency/Interest Rate (771) 7,850 6,700 12,981 Total cash flow hedges (771) 7,861 6,700 12,824 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (1,625,937) 0 0 0 Currency 4,297 0 0 0 Currency/Interest Rate (1,708) 0 113 0 Credit (2,723) 0 0 0 Equity 391,260 0 0 0 Embedded Derivatives 2,055,635 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments 820,824 0 113 0 Total $ 820,053 $ 7,861 $ 6,813 $ 12,824 Three Months Ended March 31, 2021 Realized Net Other Change in AOCI (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Interest Rate $ 0 $ 12 $ 0 $ (125) Currency/Interest Rate (163) 2,460 1,717 4,824 Total cash flow hedges (163) 2,472 1,717 4,699 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (37,371) 0 0 0 Currency 1,036 0 0 0 Currency/Interest Rate 192 0 (11) 0 Credit (12) 0 0 0 Equity 15,562 0 0 0 Embedded Derivatives 99,847 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments 79,254 0 (11) 0 Total $ 79,091 $ 2,472 $ 1,706 $ 4,699 Presented below is a rollforward of current period cash flow hedges in AOCI before taxes: (in thousands) Balance, December 31, 2021 $ 39,896 Amount recorded in AOCI Interest Rate (146) Currency/Interest Rate 26,760 Total amount recorded in AOCI 26,614 Amount reclassified from AOCI to income Interest Rate (11) Currency/Interest Rate (13,779) Total amount reclassified from AOCI to income (13,790) Balance, March 31, 2022 $ 52,720 The changes in fair value of cash flow hedges are deferred in AOCI and are included in "Net unrealized investment gains (losses)" in the Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss); these amounts are then reclassified to earnings when the hedged item affects earnings. Using March 31, 2022 values, it is estimated that a pre-tax gain of $15 million is expected to be reclassified from AOCI to earnings during the subsequent twelve months ending March 31, 2023. The exposures the Company is hedging with these qualifying cash flow hedges include the variability of the payment or receipt of interest or foreign currency amounts on existing financial instruments. There were no material amounts reclassified from AOCI into earnings relating to instances in which the Company discontinued cash flow hedge accounting because the forecasted transaction did not occur by the anticipated date or within the additional time period permitted by the authoritative guidance for the accounting for derivatives and hedging. Credit Derivatives Credit Derivatives, where the Company has written credit protection on certain index references, have outstanding notional amounts of $2,286 million and $157 million as of March 31, 2022 and December 31, 2021, respectively. These credit derivatives are reported at fair value as an asset of $47 million and $11 million as of March 31, 2022 and December 31, 2021, respectively. As of March 31, 2022 the notional amount of these credit derivatives had the following NAIC rating: $2,286 million in NAIC 3. The Company has purchased credit protection using credit derivatives in order to hedge specific credit exposures in the Company's investment portfolio. The Company has outstanding notional amounts of $0 million and $150 million reported as of March 31, 2022 and December 31, 2021, respectively. These credit derivatives are reported at fair value as an asset of $0 million and $14 million as of March 31, 2022 and December 31, 2021. Counterparty Credit Risk The Company is exposed to credit-related losses in the event of non-performance by counterparties to financial derivative transactions with a positive fair value. The Company manages credit risk by entering into derivative transactions with its affiliate, Prudential Global Funding LLC (“PGF”), related to its over-the-counter ("OTC") derivatives. PGF, in turn, manages its credit risk by: (i) entering into derivative transactions with highly rated major international financial institutions and other creditworthy counterparties governed by master netting agreement, as applicable; (ii) trading through central clearing and OTC parties; (iii) obtaining collateral, such as cash and securities, when appropriate; and (iv) setting limits on single-party credit exposures which are subject to periodic management review. Substantially all of the Company’s derivative agreements have zero thresholds which require daily full collateralization by the party in a liability position.

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities	FAIR VALUE OF ASSETS AND LIABILITIES Fair Value Measurement - Fair value represents the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The authoritative fair value guidance establishes a framework for measuring fair value that includes a hierarchy used to classify the inputs used in measuring fair value. The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The levels of the fair value hierarchy are 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. Level 2 – Fair value is based on significant inputs, other than quoted prices included in Level 1, that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability through corroboration with observable market data. 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, and other market observable inputs. Level 3 – Fair value is based on at least one significant unobservable input for the asset or liability. The assets and liabilities in this category may require significant judgment or estimation in determining the fair value. For a discussion of the Company's valuation methodologies for assets and liabilities measured at fair value and the fair value hierarchy, see Note 5 to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2021. Assets and Liabilities by Hierarchy Level – The tables below present the balances of assets and liabilities reported at fair value on a recurring basis, as of the dates indicated. March 31, 2022 Level 1 Level 2 Level 3 Netting(1) Total (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 297,003 $ 0 $ $ 297,003 Obligations of U.S. states and their political subdivisions 0 609,172 0 609,172 Foreign government bonds 0 325,989 140 326,129 U.S. corporate public securities 0 4,772,778 0 4,772,778 U.S. corporate private securities 0 1,909,914 139,561 2,049,475 Foreign corporate public securities 0 925,727 7,958 933,685 Foreign corporate private securities 0 2,550,747 237,839 2,788,586 Asset-backed securities(2) 0 605,378 12,417 617,795 Commercial mortgage-backed securities 0 480,693 99,699 580,392 Residential mortgage-backed securities 0 49,850 0 49,850 Subtotal 0 12,527,251 497,614 13,024,865 Fixed maturities, trading 0 2,696,898 0 2,696,898 Equity securities 128 16,448 11,463 28,039 Short-term investments 18,998 9,493 0 28,491 Cash equivalents 0 956,659 0 956,659 Other invested assets(3) 46,672 5,734,762 0 (5,579,018) 202,416 Other assets 0 0 75,201 75,201 Reinsurance recoverables 0 0 700,700 700,700 Receivables from parent and affiliates 0 155,845 0 155,845 Subtotal excluding separate account assets 65,798 22,097,356 1,284,978 (5,579,018) 17,869,114 Separate account assets(4)(5) 57,072 132,182,938 0 132,240,010 Total assets $ 122,870 $ 154,280,294 $ 1,284,978 $ (5,579,018) $ 150,109,124 Future policy benefits(6) $ 0 $ 0 $ 6,964,587 $ $ 6,964,587 Policyholders' account balances 0 0 3,260,195 3,260,195 Payables to parent and affiliates 0 11,983,064 0 (11,983,064) 0 Other liabilities 62,160 6,065 0 (4,491) 63,734 Total liabilities $ 62,160 $ 11,989,129 $ 10,224,782 $ (11,987,555) $ 10,288,516 December 31, 2021 Level 1 Level 2 Level 3 Netting(1) Total (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 333,940 $ 0 $ $ 333,940 Obligations of U.S. states and their political subdivisions 0 630,521 0 630,521 Foreign government bonds 0 350,321 150 350,471 U.S. corporate public securities 0 5,131,872 0 5,131,872 U.S. corporate private securities 0 1,873,370 131,505 2,004,875 Foreign corporate public securities 0 921,008 8,894 929,902 Foreign corporate private securities 0 2,508,676 245,235 2,753,911 Asset-backed securities(2) 0 484,861 62,449 547,310 Commercial mortgage-backed securities 0 463,689 111,495 575,184 Residential mortgage-backed securities 0 20,180 0 20,180 Subtotal 0 12,718,438 559,728 13,278,166 Fixed maturities, trading 0 3,302,392 0 3,302,392 Equity securities 58,160 40,635 12,472 111,267 Short-term investments 9,997 135,440 0 145,437 Cash equivalents 13,999 422,633 0 436,632 Other invested assets(3) 246,097 6,840,437 0 (6,818,009) 268,525 Other assets 0 0 72,937 72,937 Reinsurance recoverables 0 0 931,207 931,207 Receivables from parent and affiliates 0 162,045 0 162,045 Subtotal excluding separate account assets 328,253 23,622,020 1,576,344 (6,818,009) 18,708,608 Separate account assets(4)(5) 52,100 144,059,558 0 144,111,658 Total assets $ 380,353 $ 167,681,578 $ 1,576,344 $ (6,818,009) $ 162,820,266 Future policy benefits(6) $ 0 $ 0 $ 9,047,956 $ $ 9,047,956 Policyholders' account balances 0 0 3,245,773 3,245,773 Payables to parent and affiliates 0 12,563,253 0 (12,563,253) 0 Other liabilities 10,730 12,624 0 (4,829) 18,525 Total liabilities $ 10,730 $ 12,575,877 $ 12,293,729 $ (12,568,082) $ 12,312,254 (1) “Netting” amounts represent cash collateral of $(6,409) million and $(5,750) million as of March 31, 2022 and December 31, 2021, respectively. (2) Includes credit-tranched securities collateralized by syndicated bank loans, sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (3) Other invested assets excluded from the fair value hierarchy include certain hedge funds, private equity funds and other funds for which fair value is measured at net asset value ("NAV") per share (or its equivalent) as a practical expedient. As of both March 31, 2022 and December 31, 2021, the fair values of such investments were $79 million. (4) Separate account assets represent segregated funds that are invested for certain customers. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company's Unaudited Interim Consolidated Statements of Financial Position. (5) Separate account assets included in the fair value hierarchy exclude investments in entities that calculate NAV per share (or its equivalent) as a practical expedient. Such investments excluded from the fair value hierarchy include investments in real estate, hedge funds and a corporate owned life insurance fund, for which fair value is measured at NAV per share (or its equivalent). At March 31, 2022 and December 31, 2021, the fair value of such investments was $5,441 million and $5,686 million, respectively. (6) As of March 31, 2022, the net embedded derivative liability position of $6,965 million includes $634 million of embedded derivatives in an asset position and $7,599 million of embedded derivatives in a liability position. As of December 31, 2021, the net embedded derivative liability position of $9,048 million includes $610 million of embedded derivatives in an asset position and $9,658 million of embedded derivatives in a liability position. Quantitative Information Regarding Internally Priced Level 3 Assets and Liabilities – The tables below present quantitative information on significant internally-priced Level 3 assets and liabilities. March 31, 2022 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Average Impact of (in thousands) Assets: Corporate securities(2) $ 311,136 Discounted cash flow Discount rate 2.52 % 20 % 4.86 % Decrease Market Comparables EBITDA multiples(3) 2.2 X 13.2 X 7.5 X Increase Liquidation Liquidation value 62.58 % 62.58 % 62.58 % Increase Reinsurance recoverables $ 700,700 Fair values are determined using the same unobservable inputs as future policy benefits. Liabilities: Future policy benefits(4) $ 6,964,587 Discounted cash flow Lapse rate(6) 1 % 20 % Decrease Spread over LIBOR(7) 0.20 % 1.52 % Decrease Utilization rate(8) 39 % 96 % Increase Withdrawal rate See table footnote (9) below. Mortality rate(10) 0 % 15 % Decrease Equity volatility curve 18 % 26 % Increase Policyholders' account balances(5) $ 3,260,195 Discounted cash flow Lapse rate(6) 1 % 42 % Decrease Spread over LIBOR(7) 0.20 % 1.52 % Decrease Mortality rate(10) 0 % 23 % Decrease Equity volatility curve 6 % 33 % Increase December 31, 2021 Fair Value Valuation Unobservable Minimum Maximum Weighted Impact of (in thousands) Assets: Corporate securities(2) $ 312,139 Discounted cash flow Discount rate 1.65 % 20 % 4.57 % Decrease Market Comparables EBITDA multiples(3) 4.9X 19.2X 9.0X Increase Liquidation Liquidation value 62.58 % 62.58 % 62.58 % Increase Reinsurance recoverables $ 931,207 Fair values are determined using the same unobservable inputs as future policy benefits. Liabilities: Future policy benefits(4) $ 9,047,956 Discounted cash flow Lapse rate(6) 1 % 20 % Decrease Spread over LIBOR(7) 0.03 % 1.13 % Decrease Utilization rate(8) 39 % 96 % Increase Withdrawal rate See table footnote (9) below. Mortality rate(10) 0 % 15 % Decrease Equity volatility curve 16 % 25 % Increase Policyholders' account balances(5) $ 3,245,773 Discounted cash flow Lapse rate(6) 1 % 42 % Decrease Spread over LIBOR(7) 0.03 % 1.13 % Decrease Mortality rate(10) 0 % 23 % Decrease Equity volatility curve 6 % 31 % Increase (1) Conversely, the impact of a decrease in input would have the opposite impact on fair value as that presented in the table. (2) Includes assets classified as fixed maturities, available-for-sale and fixed maturities trading. (3) Represents multiples of earnings before interest, taxes, depreciation and amortization ("EBITDA"), and are amounts used when the Company has determined that market participants would use such multiples when valuing the investments. (4) Future policy benefits primarily represent general account liabilities for the living benefit features of the Company’s variable annuity contracts which are accounted for as embedded derivatives. Since the valuation methodology for these liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (5) Policyholders’ account balances primarily represent general account liabilities for the index-linked interest credited on certain of the Company’s life and annuity products that are accounted for as embedded derivatives. Since the valuation methodology for these liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than a weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (6) Lapse rates for contracts with living benefit guarantees are adjusted at the contract level based on the in-the-moneyness of the living benefit and reflect other factors, such as the applicability of any surrender charges. Lapse rates are reduced when contracts are more in-the-money. Lapse rates for contracts with index-linked crediting guarantees may be adjusted at the contract level based on the applicability of any surrender charges, product type, and market related factors such as interest rates. Lapse rates are also generally assumed to be lower for the period where surrender charges apply. For any given contract, lapse rates vary throughout the period over which cash flows are projected for the purposes of valuing these embedded derivatives. (7) The spread over the London Inter-Bank Offered Rate ("LIBOR") swap curve represents the premium added to the proxy for the risk-free rate (LIBOR) to reflect the Company's estimates of rates that a market participant would use to value the living benefits in both the accumulation and payout phases and index-linked interest crediting guarantees. This spread includes an estimate of NPR, which is the risk that the obligation will not be fulfilled by the Company. NPR is primarily estimated by utilizing the credit spreads associated with issuing funding agreements, adjusted for any illiquidity risk premium. In order to reflect the financial strength ratings of the Company, credit spreads associated with funding agreements, as opposed to credit spread associated with debt, are utilized in developing this estimate because funding agreements, living benefit guarantees, and index-linked interest crediting guarantees are insurance liabilities and are therefore senior to debt. (8) The utilization rate assumption estimates the percentage of contracts that will utilize the benefit during the contract duration and begin lifetime withdrawals at various time intervals from contract inception. The remaining contractholders are assumed to either begin lifetime withdrawals immediately or never utilize the benefit. Utilization assumptions may vary by product type, tax status and age. The impact of changes in these assumptions is highly dependent on the product type, the age of the contractholder at the time of the sale, and the timing of the first lifetime income withdrawal. Range reflects the utilization rate for the vast majority of business with living benefits. (9) The withdrawal rate assumption estimates the magnitude of annual contractholder withdrawals relative to the maximum allowable amount under the contract. These assumptions vary based on the age of the contractholder, the tax status of the contract and the duration since the contractholder began lifetime withdrawals. As of March 31, 2022 and December 31, 2021, the minimum withdrawal rate assumption is 76% and the maximum withdrawal rate assumption may be greater than 100%. The fair value of the liability will generally increase the closer the withdrawal rate is to 100% and decrease as the withdrawal rate moves further away from 100%. (10) The range reflects the mortality rates for the vast majority of business with living benefits and other contracts, with policyholders ranging from 45 to 90 years old. While the majority of living benefits have a minimum age requirement, certain other contracts do not have an age restriction. This results in contractholders with mortality rates approaching 0% for certain benefits. Mortality rates may vary by product, age, and duration. A mortality improvement assumption is also incorporated into the overall mortality table. Interrelationships Between Unobservable Inputs – In addition to the sensitivities of fair value measurements to changes in each unobservable input in isolation, as reflected in the table above, interrelationships between these inputs may also exist, such that a change in one unobservable input may give rise to a change in another, or multiple, inputs. Examples of such interrelationships for significant internally-priced Level 3 assets and liabilities are as follows: Corporate Securities – The rate used to discount future cash flows reflects current risk-free rates plus credit and liquidity spread requirements that market participants would use to value an asset. The discount rate may be influenced by many factors, including market cycles, expectations of default, collateral, term, and asset complexity. Each of these factors can influence discount rates, either in isolation, or in response to other factors. During weaker economic cycles, as the expectations of default increases, credit spreads widen, which results in a decrease in fair value. Future Policy Benefits – The Company expects efficient benefit utilization and withdrawal rates to generally be correlated with lapse rates. However, behavior is highly dependent on the facts and circumstances surrounding the individual contractholder, such as their liquidity needs or tax situation, which could drive lapse behavior independent of other contractholder behavior assumptions. To the extent that more efficient contractholder behavior results in greater in-the-moneyness at the contract level, lapse rates may decline for those contracts. Similarly, to the extent that increases in equity volatility are correlated with overall declines in the capital markets, lapse rates may decline as contracts become more in-the-money. Changes in Level 3 Assets and Liabilities – The following tables describe changes in fair values of Level 3 assets and liabilities as of the dates indicated, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets and liabilities still held at the end of their respective periods. When a determination is made to classify assets and liabilities within Level 3, the determination is based on significance of the unobservable inputs in the overall fair value measurement. All transfers are based on changes in the observability of the valuation inputs, including the availability of pricing service information that the Company can validate. Transfers into Level 3 are generally the result of unobservable inputs utilized within valuation methodologies and the use of indicative broker quotes for assets that were previously valued using observable inputs. Transfers out of Level 3 are generally due to the use of observable inputs in valuation methodologies as well as the availability of pricing service information for certain assets that the Company can validate. Three Months Ended March 31, 2022 Fair Value, beginning of period Total realized and unrealized gains (losses)(1) Purchases Sales Issuances Settlements Other(2) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(3) (in thousands) Fixed maturities, available-for-sale: U.S. government $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Foreign government 150 (10) 0 0 0 0 0 0 0 140 (10) Corporate securities(4) 385,634 (36,375) 49,410 (1,171) 0 (12,140) 0 0 0 385,358 (36,465) Structured securities(5) 173,944 (11,976) 0 0 0 (502) 0 0 (49,350) 112,116 (11,975) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 0 0 0 0 Equity securities 12,472 (1,009) 0 0 0 0 0 0 0 11,463 (1,009) Other assets 72,937 (3,714) 7,816 0 0 (1,838) 0 0 0 75,201 (1,877) Reinsurance recoverables 931,207 (265,808) 35,301 0 0 0 0 0 0 700,700 (257,911) Liabilities: Future policy benefits (9,047,956) 2,346,387 0 0 (263,018) 0 0 0 0 (6,964,587) 2,259,260 Policyholders' account balances(6) (3,245,773) (100,653) 0 0 (152,791) 0 239,022 0 0 (3,260,195) (70,214) Three Months Ended March 31, 2022 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(3) Realized investment gains (losses), net(1) Other income (loss) Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Included in other comprehensive income (loss) (in thousands) Fixed maturities, available-for-sale $ (14,903) $ 0 $ (33,841) $ 383 $ (15,011) $ 0 $ (33,439) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 Equity securities 0 (1,009) 0 0 0 (1,009) 0 Other assets (3,714) 0 0 0 (1,877) 0 0 Reinsurance recoverables (265,808) 0 0 0 (257,911) 0 0 Liabilities: Future policy benefits 2,346,387 0 0 0 2,259,260 0 0 Policyholders' account balances (100,653) 0 0 0 (70,214) 0 0 Three Months Ended March 31, 2021 Fair Value, beginning of period Total realized and unrealized gains (losses)(1) Purchases Sales Issuances Settlements Other Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(3) (in thousands) Fixed maturities, available-for-sale: U.S. government $ 55,000 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 55,000 $ 0 Foreign government 163 (6) 0 0 0 0 0 0 0 157 (6) Corporate securities(4) 174,776 (12,082) 2,319 0 0 (2,165) 0 2,643 0 165,491 (12,101) Structured securities(5) 2,065 (15) 500 0 0 (416) 0 0 0 2,134 (14) Other assets: Fixed maturities, trading 755 12 0 0 0 0 0 0 0 767 12 Equity securities 7,889 (211) 0 0 0 0 0 0 0 7,678 (211) Other assets 0 0 0 0 0 0 0 0 0 0 0 Reinsurance recoverables 13,239,539 (6,069,909) 278,233 0 0 0 0 0 0 7,447,863 (5,914,192) Liabilities: Future policy benefits (13,227,814) 6,068,982 0 0 (276,249) 0 0 0 0 (7,435,081) 5,913,265 Policyholders' account balances(6) (1,155,274) 110,257 0 0 0 13,492 0 0 0 (1,031,525) 128,490 Three Months Ended March 31, 2021 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(3) Realized investment gains (losses), net(1) Other income (loss) Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Included in other comprehensive income (loss) (in thousands) Fixed maturities, available-for-sale $ (508) $ 0 $ (11,618) $ 23 $ (500) $ 0 $ (11,621) Other assets: Fixed maturities, trading 0 12 0 0 0 12 0 Equity securities 0 (211) 0 0 0 (211) 0 Other assets 0 0 0 0 0 0 0 Reinsurance recoverables (6,069,909) 0 0 0 (5,914,192) 0 0 Liabilities: Future policy benefits 6,068,982 0 0 0 5,913,265 0 0 Policyholders' account balances 110,257 0 0 0 128,490 0 0 (1) Realized investment gains (losses) on future policy benefits and reinsurance recoverables primarily represent the change in the fair value of the Company's living benefit guarantees on certain of its variable annuity contracts. (2) Other represents an out of period adjustment related to certain portions of reinsurance activity that had been incorrectly recorded on the balance sheet during the fourth quarter of 2021. (3) Unrealized gains or losses related to assets still held at the end of the period do not include amortization or accretion of premiums and discounts. (4) Includes U.S. corporate public, U.S. corporate private, foreign corporate public and foreign corporate private securities and foreign government bonds. (5) Includes asset-backed and commercial mortgage-backed securities. (6) Issuances and settlements for Policyholders' account balances are presented net in the rollforward. Fair Value of Financial Instruments The table below presents the carrying amount and fair value by fair value hierarchy level of certain financial instruments that are not reported at fair value. The financial instruments presented below are reported at carrying value on the Company’s Unaudited Interim Consolidated Statements of Financial Position. In some cases, as described below, the carrying amount equals or approximates fair value. March 31, 2022 Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in thousands) Assets: Commercial mortgage and other loans $ 0 $ 0 $ 2,877,680 $ 2,877,680 $ 2,977,138 Policy loans 0 0 476,038 476,038 476,038 Short-term investments 19,000 0 0 19,000 19,000 Cash and cash equivalents 575,408 300,000 0 875,408 875,408 Accrued investment income 0 138,781 0 138,781 138,781 Reinsurance recoverables 0 0 27,530 27,530 28,317 Receivables from parent and affiliates 0 203,374 0 203,374 203,374 Other assets 0 24,635 438,430 463,065 463,065 Total assets $ 594,408 $ 666,790 $ 3,819,678 $ 5,080,876 $ 5,181,121 Liabilities: Policyholders’ account balances - investment contracts $ 0 $ 1,323,368 $ 2,580,895 $ 3,904,263 $ 3,912,340 Cash collateral for loaned securities 0 2,696 0 2,696 2,696 Long-term debt to affiliates 0 307,832 0 307,832 318,088 Payables to parent and affiliates 0 132,405 0 132,405 132,405 Other liabilities 0 874,033 34,091 908,124 908,124 Total liabilities $ 0 $ 2,640,334 $ 2,614,986 $ 5,255,320 $ 5,273,653 December 31, 2021 Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in thousands) Assets: Commercial mortgage and other loans $ 0 $ 0 $ 2,883,710 $ 2,883,710 $ 2,832,560 Policy loans 0 0 1,327,485 1,327,485 1,327,485 Short-term investments 37,000 0 0 37,000 37,000 Cash and cash equivalents 297,299 185,000 0 482,299 482,299 Accrued investment income 0 160,027 0 160,027 160,027 Reinsurance recoverables 0 0 29,931 29,931 28,883 Receivables from parent and affiliates 0 116,086 0 116,086 116,086 Other assets 0 134,598 434,383 568,981 568,981 Total assets $ 334,299 $ 595,711 $ 4,675,509 $ 5,605,519 $ 5,553,321 Liabilities: Policyholders’ account balances - investment contracts $ 0 $ 1,356,850 $ 2,590,487 $ 3,947,337 $ 3,941,822 Cash collateral for loaned securities 0 3,004 0 3,004 3,004 Long-term debt to affiliates 0 319,225 0 319,225 320,362 Payables to parent and affiliates 0 31,775 0 31,775 31,775 Other liabilities 0 864,788 34,091 898,879 898,879 Total liabilities $ 0 $ 2,575,642 $ 2,624,578 $ 5,200,220 $ 5,195,842 (1) Carrying values presented herein differ from those in the Company’s Unaudited Interim Consolidated Statements of Financial Position because certain items within the respective financial statement captions are not considered financial instruments or out of scope under authoritative guidance relating to disclosures of the fair value of financial instruments.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The Company uses a full year projected effective tax rate approach to calculate year-to-date taxes. In addition, certain items impacting total income tax expense are recorded in the periods in which they occur. The projected effective tax rate is the ratio of projected "Income tax expense (benefit)" divided by projected "Income (loss) from operations before income taxes and equity in earnings of operating joint venture." Taxes attributable to the operating joint venture are recorded within "Equity in earnings of operating joint venture, net of taxes." The interim period tax expense (or benefit) is the difference between the year-to-date income tax provision and the amounts reported for the previous interim periods of the fiscal year. The Company's income tax provision, on a consolidated basis, amounted to an income tax benefit of $(4.7) million, or 15.83% of income (loss) from operations before income taxes and equity in earnings of operating joint venture, in the first three months of 2022, compared to $(45.3) million, or (78.01)%, in the first three months of 2021. The Company's current and prior effective tax rates differed from the U.S. statutory tax rate of 21% primarily due to non-taxable investment income and tax credits.

Reinsurance

Reinsurance	3 Months Ended
	Mar. 31, 2022
Reinsurance Disclosures [Abstract]
Reinsurance	REINSURANCE The Company participates in reinsurance with its affiliates Prudential Arizona Reinsurance Captive Company (“PARCC”), Prudential Arizona Reinsurance Term Company (“PAR Term”), Prudential Arizona Reinsurance Universal Company (“PAR U”), Prudential Universal Reinsurance Company ("PURC"), Prudential Term Reinsurance Company (“Term Re”), PALAC, Gibraltar Universal Life Reinsurance Company ("GUL Re"), Dryden Arizona Reinsurance Term Company (“DART”), Lotus Reinsurance Company Ltd. ("Lotus Re") and Prudential Life Insurance Company of Taiwan Inc. (“Prudential of Taiwan”), a subsidiary of Prudential Financial that was sold to a third-party on June 30, 2021, as discussed below. As of July 1, 2021, the Company recaptured the risks related to its business that had been previously reinsured to PALAC as a result of the 2021 Variable Annuities Recapture, which is discussed below and in Note 1. The Company also participates in reinsurance with its parent company Prudential Insurance, as well as third parties. The reinsurance agreements provide risk diversification and additional capacity for future growth, limit the maximum net loss potential, manage statutory capital, and facilitate the Company's capital market hedging program. Life reinsurance is accomplished through various plans of reinsurance, primarily yearly renewable term and coinsurance. Reinsurance ceded arrangements do not discharge the Company as the primary insurer. Ceded balances would represent a liability of the Company in the event the reinsurers were unable to meet their obligations to the Company under the terms of the reinsurance agreements. The Company believes a material reinsurance liability resulting from such inability of reinsurers to meet their obligations is unlikely. Reserves related to reinsured long-duration contracts are accounted for using assumptions consistent with those used to account for the underlying contracts. Amounts recoverable from reinsurers for long-duration reinsurance arrangements are estimated in a manner consistent with the claim liabilities and policy benefits associated with the reinsured policies. Reinsurance policy charges and fee income ceded for universal life and variable annuity products are accounted for as a reduction of policy charges and fee income. Reinsurance premiums ceded for term insurance products are accounted for as a reduction of premiums. Realized investment gains and losses include the impact of reinsurance agreements, particularly reinsurance agreements involving living benefit guarantees. The Company has entered into reinsurance agreements to transfer the risk related to the living benefit guarantees on variable annuities to PALAC which was recaptured as part of the 2021 Variable Annuities Recapture, and the PLNJ business which was reinsured to Prudential Insurance. These reinsurance agreements are derivatives and have been accounted for in the same manner as embedded derivatives and the changes in the fair value of these derivatives are recognized through “Realized investment gains (losses), net”. See Note 4 for additional information related to the accounting for embedded derivatives. Reinsurance amounts included in the Company’s Unaudited Interim Consolidated Statements of Financial Position as of March 31, 2022 and December 31, 2021 were as follows: March 31, 2022 December 31, 2021 (in thousands) Reinsurance recoverables $ 39,356,117 $ 38,598,767 Policy loans (1,007,594) (156,749) Deferred policy acquisition costs (3,165,747) (2,575,232) Deferred sales inducements (34,616) (37,905) Other assets(1) 343,537 353,669 Policyholders’ account balances 12,020,327 12,005,839 Future policy benefits(2) 5,078,000 5,286,252 Other liabilities(3) 2,265,328 1,224,399 (1) Includes $0.0 million of unaffiliated activity as of both March 31, 2022 and December 31, 2021. (2) Includes $0.1 million and $0.0 million of unaffiliated activity as of March 31, 2022 and December 31, 2021, respectively. (3) Includes $62 million and $49 million of unaffiliated activity as of March 31, 2022 and December 31, 2021, respectively. Reinsurance recoverables by counterparty are broken out below: March 31, 2022 December 31, 2021 (in thousands) PAR U $ 13,216,951 $ 13,523,832 PALAC 6,967,660 7,198,504 PURC 5,728,576 5,830,441 PARCC 2,336,813 2,371,491 GUL Re 2,649,984 2,710,926 PAR Term 1,976,337 1,972,339 Prudential Insurance 1,616,373 2,082,551 Term Re 1,990,432 1,953,063 Lotus Re 1,963,819 32,039 DART 674,933 644,101 Unaffiliated 234,239 279,480 Total reinsurance recoverables $ 39,356,117 $ 38,598,767 Reinsurance amounts, included in the Company’s Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss) for the three months ended March 31, were as follows: Three Months Ended March 31, 2022 2021 (in thousands) Premiums: Direct $ 473,928 $ 486,877 Assumed(1) 1,397 43 Ceded(2) (401,080) (442,515) Net premiums 74,245 44,405 Policy charges and fee income: Direct 902,324 909,889 Assumed 150,821 140,113 Ceded(3) (861,583) (898,137) Net policy charges and fee income 191,562 151,865 Net investment income: Direct 195,511 100,395 Assumed 453 359 Ceded (16,664) (1,887) Net investment income 179,300 98,867 Asset administration fees: Direct 97,457 96,614 Assumed 0 0 Ceded (18,225) (90,403) Net asset administration fees 79,232 6,211 Other income (loss): Direct (348,688) 17,100 Assumed(4) 39 (73) Ceded (378) 65 Amortization of reinsurance income 21,423 1,152 Net Other income (loss) (327,604) 18,244 Realized investment gains (losses), net: Direct 1,260,511 6,157,747 Assumed (225,262) 0 Ceded(5) (251,142) (6,081,139) Realized investment gains (losses), net 784,107 76,608 Policyholders’ benefits (including change in reserves): Direct 905,137 997,824 Assumed(6) 238,667 191,805 Ceded(7) (924,040) (1,095,716) Net policyholders’ benefits (including change in reserves) 219,764 93,913 Interest credited to policyholders’ account balances: Direct 202,026 179,435 Assumed 72,502 32,986 Ceded (111,002) (156,251) Net interest credited to policyholders’ account balances 163,526 56,170 Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization (135,852) (468,435) (1) Includes $0.0 million of unaffiliated activity for both the three months ended March 31, 2022 and 2021. (2) Includes $(7) million of unaffiliated activity for both the three months ended March 31, 2022 and 2021. (3) Includes $(18) million and $(14) million of unaffiliated activity for the three months ended March 31, 2022 and 2021, respectively. (4) Includes $0.0 million of unaffiliated activity for both the three months ended March 31, 2022 and 2021. (5) Includes $(37) million and $(141) million of unaffiliated activity for the three months ended March 31, 2022 and 2021, respectively. (6) Includes $0.1 million of unaffiliated activity for both the three months ended March 31, 2022 and 2021, respectively. (7) Includes $(20) million and $(81) million of unaffiliated activity for the three months ended March 31, 2022 and 2021, respectively. The gross and net amounts of life insurance face amount in force as of March 31, 2022 and 2021 were as follows: 2022 2021 (in thousands) Direct gross life insurance face amount in force $ 1,085,450,111 $ 1,057,019,880 Assumed gross life insurance face amount in force 37,528,980 38,553,587 Reinsurance ceded (998,722,883) (988,006,377) Net life insurance face amount in force $ 124,256,208 $ 107,567,090 Information regarding significant affiliated reinsurance agreements is described below. PAR U Pruco Life reinsures an amount equal to 70% of all the risks associated with Universal Protector policies having no-lapse guarantees as well as certain of its universal policies, with effective dates prior to January 1, 2011. Effective July 1, 2012, PLNJ reinsures an amount equal to 95% of all the risks associated with Universal Protector policies having no-lapse guarantees as well as certain of its universal policies, with effective dates through December 31, 2019, excluding those policies that are subject to principle-based reserving. On January 2, 2013, Pruco Life began to assume Guaranteed Universal Life ("GUL") business from Prudential Insurance in connection with the acquisition of The Hartford Life Business. The GUL business assumed from Prudential Insurance was subsequently retroceded to PAR U. PALAC Effective April 1, 2016, the Company entered into a reinsurance agreement to reinsure its variable annuity base contracts, along with the living benefit guarantees to PALAC, excluding the PLNJ business, which was reinsured to Prudential Insurance. This reinsurance agreement covers new and in force business and excludes business reinsured externally. As of December 31, 2020, the Company discontinued the sales of traditional variable annuities with guaranteed living benefit riders. This discontinuation had no impact on the reinsurance agreement between PALAC, Prudential Insurance, and the Company. Effective July 1, 2021, the Company recaptured the risks related to its business, as discussed above, that had previously been reinsured to PALAC from April 1, 2016 through June 30, 2021. The recapture does not impact PLNJ, which will continue to reinsure its new and in force business to Prudential Insurance. The product risks related to the previously reinsured business that were being managed in PALAC, were transferred to the Company. In addition, the living benefit hedging program related to the previously reinsured living benefit riders are being managed within the Company. See Note 1 for additional information. Effective December 1, 2021, the Company entered into a reinsurance agreement with PALAC under which the Company assumed all of its variable indexed annuities. The reinsurance of the variable indexed annuities transfers all significant risks, including mortality risk, embedded in the reinsured contracts. As a result of the agreement, Reinsurance recoverables includes the assumed modified coinsurance arrangement, which reflects the value of the invested assets retained by PALAC and the associated asset returns. PURC Pruco Life reinsures an amount equal to 70% of all the risks associated with its Universal Protector policies having no-lapse guarantees as well as certain of its universal policies, with effective dates from January 1, 2011 through December 31, 2013, with PURC and 95% of all the risks associated with Universal Protector policies having no-lapse guarantees, as well as certain of its universal policies, with effective dates from January 1, 2014 through December 31, 2016. PARCC Prior to July 1, 2019, the Company reinsured 90% of the risks under its term life insurance policies, with effective dates prior to January 1, 2010 through an automatic coinsurance agreement with PARCC. Effective July 1, 2019, the Company amended the coinsurance agreement to increase the percentage from 90% to 100% of the policy risk amount reinsured. The amended agreement does not impact contracts issued by PLNJ, which remain at the original percentage. GUL Re Effective January 1, 2017, Pruco Life entered into an automatic coinsurance agreement with GUL Re to reinsure an amount equal to 95% of all the risks associated with Universal Protector policies having no-lapse guarantees, as well as certain of its universal policies, with effective dates on or after January 1, 2017 through December 31, 2019, excluding those policies that are subject to principle-based reserving. Effective July 1, 2017, Pruco Life amended this agreement to include 30% of Universal Protector policies having no-lapse guarantees as well as certain of its universal policies with effective dates prior to January 1, 2014. PAR Term Prior to July 1, 2019, the Company reinsures 95% of the risks under its term life insurance policies with effective dates January 1, 2010 through December 31, 2013, through an automatic coinsurance agreement with PAR Term. Effective July 1, 2019, the Company amended the coinsurance agreement to increase the percentage from 95% to 100% of the policy risk amount reinsured. The amended agreement does not impact contracts issued by PLNJ, which remain at the original percentage. Prudential of Taiwan On January 31, 2001, Pruco Life transferred all of its assets and liabilities associated with its Taiwanese branch, including its Taiwanese insurance book of business, to Prudential of Taiwan. The mechanism used to transfer this block of business in Taiwan is referred to as a “full acquisition and assumption” transaction. Under this mechanism, Pruco Life is jointly liable with Prudential of Taiwan for two years from the giving of notice to all obligees for all matured obligations and for two years after the maturity date of not-yet-matured obligations. Prudential of Taiwan is also contractually liable, under indemnification provisions of the transaction, for any liabilities that may be asserted against Pruco Life. The transfer of the insurance related assets and liabilities was accounted for as a long-duration coinsurance transaction under U.S. GAAP. Under this accounting treatment, the insurance related liabilities remained on the books of Pruco Life and an offsetting reinsurance recoverable was established. These assets and liabilities were denominated in U.S. dollars. On August 11, 2020, Prudential International Insurance Holdings, Ltd. (“PIIH”), a subsidiary of Prudential Financial, entered into a Share Purchase Agreement with Taishin Financial Holding Co., Ltd. (the “Buyer”) pursuant to which PIIH has agreed to sell to the Buyer all of the issued and outstanding capital stock of Prudential of Taiwan. The Share Purchase Agreement contains customary warranties and covenants of PIIH and the Buyer. On June 30, 2021, PIIH completed the sale of Prudential of Taiwan to the Buyer. This resulted in the removal of the insurance related liabilities and offsetting reinsurance recoverables previously on the books of Pruco Life. The Buyer provided Pruco Life a backstop indemnification and Pruco Life provided a guarantee to stand ready to perform in the event of default by both Prudential of Taiwan and the Buyer. Refer to Note 10 for details on the guarantee. Term Re The Company reinsures 95% of the risks under its term life insurance policies, with effective dates on or after January 1, 2014 through December 31, 2017, through an automatic coinsurance agreement with Term Re. Prudential Insurance The Company has a yearly-renewable term ("YRT") reinsurance agreement with Prudential Insurance and reinsures the majority of all mortality risks not otherwise reinsured. This agreement was terminated for new business effective January 1, 2020, with certain new business (primarily Universal Life policies) terminated as early as 2017. The Company now reinsures a portion of the mortality risk directly to third-party reinsurers and retains all of the non-reinsured portion of the mortality risk. Effective July 1, 2019, certain term life insurance policies were recaptured and subsequently reinsured to PARCC and PAR Term as noted above. As of January 1, 2022, most of the variable life insurance policies were recaptured resulting in a $305 million loss recorded through "Policy charges and fee income." Those policies were then reinsured to Lotus Re as mentioned below. On January 2, 2013, Pruco Life began to assume GUL business from Prudential Insurance in connection with the acquisition of the Hartford Financial Services Group, Inc. ("Hartford Financial"). The GUL business assumed from Prudential Insurance was subsequently retroceded to PAR U. In May 2018, Hartford Financial sold a group of operating subsidiaries, which includes two of Prudential Insurance's counterparties to these reinsurance arrangements. There was no impact to the terms, rights or obligations of Prudential Insurance, or operation of these reinsurance arrangements, as a result of this change in control of such counterparties. Similarly, there was no impact to the Company's reinsurance arrangements with respect to such GUL business as a result of this change in control. In January 2021, there was a definitive agreement announced to subsequently sell the two counterparties mentioned above, which were then acquired by Sixth Street in July 2021. There was no impact to the terms, rights or obligations of the Company, or operation of these reinsurance arrangements, as a result of this change in control of such counterparties. The Company has reinsured a group annuity contract with Prudential Insurance, in consideration for a single premium payment by the Company, providing reinsurance equal to 100% of all payments due under the contract. Effective April 1, 2016, PLNJ entered into a reinsurance agreement to reinsure its variable annuity base contracts, along with the living benefit guarantees to Prudential Insurance. This reinsurance agreement covers new and in force business. Lotus Re Effective October 1, 2021, the Company entered into an automatic coinsurance agreement with Lotus Re to reinsure $32 million worth of liabilities associated with the risks associated with a portion of its Variable Life policies in the extended term policy status. Effective January 1, 2022 the Company recaptured the risks that were previously ceded to Lotus Re from October 1, 2021 through December 31, 2021. Immediately thereafter, the Company entered into a reinsurance agreement with Lotus Re to cede 100% of the risks associated with a closed block of Variable Life business on a coinsurance and modified coinsurance basis including policies in the extended term policy status. The amount of the net liabilities associated with the transaction for coinsurance and modified coinsurance were $1,381 million and $14,037 million, respectively. As part of the consideration, the Company also ceded to Lotus Re $855 million of policy loan assets associated with the reinsured policies while receiving $820 million in cash from Lotus Re. As a result, the Company recognized a $1,346 million deferred gain, which will be recognized over the remaining life of the underlying policies. In tandem with the transaction, effective January 1, 2022, Lotus Re established an automatic YRT agreement with the Company to cede back a portion of the mortality risks associated with the reinsured policies for the purposes of the Company maintaining YRT reinsurance with external counterparties. DART Effective January 1, 2018, the Company entered into an automatic coinsurance agreement with DART to reinsure an amount equal to 95% of the risks associated with its term life insurance policies with effective dates on or after January 1, 2018 through December 31, 2019, excluding those policies that are subject to principle-based reserving. Information regarding significant third-party reinsurance arrangements is described below. Union Hamilton Between April 1, 2015 and December 31, 2016, the Company, excluding its subsidiary, reinsured approximately 50% of the new business related to “highest daily” living benefits rider guarantees on HDI v.3.0 product, available with Prudential Premier ® Retirement Variable Annuity, to Union Hamilton Reinsurance Ltd. ("Union Hamilton"). This reinsurance remains in force for the duration of the underlying annuity contracts. New sales of HDI v.3.0 subsequent to December 31, 2016 are not covered by this external reinsurance agreement. As of March 31, 2022, $3.1 billion of HDI v.3.0 account values are reinsured to Union Hamilton.

Equity

Equity	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Equity	EQUITY Accumulated Other Comprehensive Income (Loss) AOCI represents the cumulative OCI items that are reported separate from net income and detailed on the Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss). The balance of and changes in each component of AOCI as of and for the three months ended March 31, 2022 and 2021, are as follows: Accumulated Other Comprehensive Income (Loss) Foreign Net Unrealized Total Accumulated (in thousands) Balance, December 31, 2021 $ (11,274) $ 358,709 $ 347,435 Change in OCI before reclassifications (1,670) (1,038,929) (1,040,599) Amounts reclassified from AOCI 0 22,931 22,931 Income tax benefit (expense) 146 213,312 213,458 Balance, March 31, 2022 $ (12,798) $ (443,977) $ (456,775) Accumulated Other Comprehensive Income (Loss) Foreign Net Unrealized Total Accumulated (in thousands) Balance, December 31, 2020 $ (7,797) $ 553,925 $ 546,128 Change in OCI before reclassifications (5,205) (348,914) (354,119) Amounts reclassified from AOCI 0 (1,288) (1,288) Income tax benefit (expense) 192 73,539 73,731 Balance, March 31, 2021 $ (12,810) $ 277,262 $ 264,452 (1) Includes cash flow hedges of $53 million and $40 million as of March 31, 2022 and December 31, 2021, respectively, and $(3) million and $(8) million as of March 31, 2021 and December 31, 2020, respectively . Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended 2022 2021 (in thousands) Amounts reclassified from AOCI (1)(2): Net unrealized investment gains (losses): Cash flow hedges - Currency/Interest rate(3) $ 13,790 $ 4,026 Net unrealized investment gains (losses) on available-for-sale securities (36,721) (2,738) Total net unrealized investment gains (losses)(4) (22,931) 1,288 Total reclassifications for the period $ (22,931) $ 1,288 (1) All amounts are shown before tax. (2) Positive amounts indicate gains/benefits reclassified out of AOCI. Negative amounts indicate losses/costs reclassified out of AOCI. (3) See Note 4 for additional information on cash flow hedges. (4) See table below for additional information on unrealized investment gains (losses), including the impact on DAC and other costs, future policy benefits, policyholders’ account balances and other liabilities. Net Unrealized Investment Gains (Losses) Net unrealized investment gains (losses) on available-for-sale fixed maturity securities and certain other invested assets and other assets are included in the Company’s Unaudited Interim Consolidated Statements of Financial Position as a component of AOCI. Changes in these amounts include reclassification adjustments to exclude from OCI those items that are included as part of “Net income” for a period that had been part of OCI in earlier periods. The amounts for the periods indicated below, split between amounts related to net unrealized investment gains (losses) on available-for-sale fixed maturity securities on which an allowance for credit losses has been recognized, and all other net unrealized investment gains (losses), are as follows: Net Unrealized Gains (Losses) on Investments on Available-for-Sale Fixed Maturity Securities on which an allowance for credit losses has been recorded Net Unrealized DAC and Other Costs(2) Future Policy Benefits, Policyholders' Account Balances and Other Liabilities(3) Income Tax Accumulated (in thousands) Balance, December 31, 2021 $ 3,685 $ 582,704 $ 983,085 $ (1,115,484) $ (95,281) $ 358,709 Net investment gains (losses) on investments arising during the period (1,592) (1,133,992) 0 0 238,419 (897,165) Reclassification adjustment for (gains) losses included in net income (34) 22,965 0 0 (4,815) 18,116 Reclassification due to allowance for credit losses recorded during the period 4 (4) 0 0 0 0 Impact of net unrealized investment (gains) losses 0 0 (831,815) 928,470 (20,292) 76,363 Balance, March 31, 2022 $ 2,063 $ (528,327) $ 151,270 $ (187,014) $ 118,031 $ (443,977) (1) Includes cash flow hedges. See Note 4 for information on cash flow hedges. (2) "Other costs" primarily includes reinsurance recoverables and deferred reinsurance losses.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS The Company has extensive transactions and relationships with Prudential Insurance and other affiliates. Although we seek to ensure that these transactions and relationships are fair and reasonable, it is possible that the terms of these transactions are not the same as those that would result from transactions among unrelated parties. Expense Charges and Allocations The majority of the Company’s expenses are allocations or charges from Prudential Insurance or other affiliates. These expenses can be grouped into general and administrative expenses and agency distribution expenses. The Company’s general and administrative expenses are charged to the Company using allocation methodologies based on business production processes. Management believes that the methodology is reasonable and reflects costs incurred by Prudential Insurance to process transactions on behalf of the Company. The Company operates under service and lease agreements whereby services of officers and employees, supplies, use of equipment and office space are provided by Prudential Insurance. The Company reviews its allocation methodology periodically which it may adjust accordingly. General and administrative expenses include allocations of stock compensation expenses related to a stock-based awards program and a deferred compensation program issued by Prudential Financial. The expense charged to the Company for the stock-based awards program was $0.1 million for both the three months ended March 31, 2022 and 2021. The expense charged to the Company for the deferred compensation program was $2.7 million and $1.5 million for the three months ended March 31, 2022 and 2021, respectively. The Company is charged for its share of employee benefit expenses. These expenses include costs for funded and non-funded, non-contributory defined benefit pension plans. Some of these benefits are based on final earnings and length of service while others are based on an account balance, which takes into consideration age, service and earnings during a career. The Company’s share of net expense for the pension plans was $5 million and $3 million for the three months ended March 31, 2022 and 2021, respectively. The Company is also charged for its share of the costs associated with welfare plans issued by Prudential Insurance. These expenses include costs related to medical, dental, life insurance and disability. The Company's share of net expense for the welfare plans was $4 million and $3 million for the three months ended March 31, 2022 and 2021, respectively. Prudential Insurance sponsors voluntary savings plans for its employee 401(k) plans. The plans provide for salary reduction contributions by employees and matching contributions by the Company of up to 4% of annual salary. The Company’s expense for its share of the voluntary savings plan was $2 million and $1 million for the three months ended March 31, 2022 and 2021, respectively. The Company is charged distribution expenses from Prudential Insurance’s agency network for both its domestic life and annuity products through a transfer pricing agreement, which is intended to reflect a market-based pricing arrangement. The Company pays commissions and certain other fees to Prudential Annuities Distributors, Inc. (“PAD”) in consideration for PAD’s marketing and underwriting of the Company’s annuity products. Commissions and fees are paid by PAD to broker-dealers who sell the Company’s annuity products. Commissions and fees paid by the Company to PAD were $170 million and $96 million for the three months ended March 31, 2022 and 2021, respectively. The Company is charged for its share of corporate expenses incurred by Prudential Financial to benefit its businesses, such as advertising, executive oversight, external affairs and philanthropic activity. The Company’s share of corporate expenses was $13 million and $18 million for the three months ended March 31, 2022 and 2021, respectively. Corporate-Owned Life Insurance The Company has sold five Corporate-Owned Life Insurance (“COLI”) policies to Prudential Insurance, and one to Prudential Financial. The cash surrender value included in separate accounts for these COLI policies was $5,001 million at March 31, 2022 and $5,248 million at December 31, 2021. Fees related to these COLI policies were $14 million and $13 million for the three months ended March 31, 2022 and 2021, respectively. The Company retains the majority of the mortality risk associated with these COLI policies up to $3.5 million per individual policy. Affiliated Investment Management Expenses In accordance with an agreement with PGIM, Inc. ("PGIM"), the Company pays investment management expenses to PGIM who acts as investment manager to certain Company general account and separate account assets. Investment management expenses paid to PGIM related to this agreement were $8 million and $4 million for the three months ended March 31, 2022 and 2021, respectively. These expenses are recorded as “Net investment income” in the Company's Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss). Derivative Trades In its ordinary course of business, the Company enters into OTC derivative contracts with an affiliate, PGF. For these OTC derivative contracts, PGF has a substantially equal and offsetting position with an external counterparty. See Note 4 for additional information. Joint Ventures The Company has made investments in joint ventures with certain subsidiaries of Prudential Financial. "Other invested assets" includes $474 million and $466 million as of March 31, 2022 and December 31, 2021, respectively. "Net investment income" related to these ventures includes gains of $13 million and $3 million for the three months ended March 31, 2022 and 2021, respectively. Affiliated Asset Administration Fee Income The Company has a revenue sharing agreement with AST Investment Services, Inc. ("ASTISI") and PGIM Investments LLC ("PGIM Investments") whereby the Company receives fee income based on policyholders' separate account balances invested in the Advanced Series Trust. Income received from ASTISI and PGIM Investments related to this agreement was $85 million and $91 million for the three months ended March 31, 2022 and 2021, respectively. These revenues are recorded as “Asset administration fees” in the Company's Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss). The Company has a revenue sharing agreement with PGIM Investments, whereby the Company receives fee income based on policyholders' separate account balances invested in The Prudential Series Fund. Income received from PGIM Investments related to this agreement was $10 million and $3 million for the three months ended March 31, 2022 and 2021, respectively. These revenues are recorded as “Asset administration fees” in the Company's Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss). Affiliated Notes Receivable Affiliated notes receivable included in “Receivables from parent and affiliates” at March 31, 2022 and December 31, 2021 were as follows: Maturity Dates Interest Rates March 31, 2022 December 31, 2021 (in thousands) U.S. dollar fixed rate notes 2023 - 2027 0.00% - 14.85 % $ 155,845 $ 162,045 Total notes receivable - affiliated(1) $ 155,845 $ 162,045 (1) All notes receivable may be called for prepayment prior to the respective maturity dates under specified circumstances. The affiliated notes receivable shown above are classified as available-for-sale securities and other trading assets carried at fair value. The Company monitors the internal and external credit ratings of these loans and loan performance. The Company also considers any guarantees made by Prudential Insurance for loans due from affiliates. Accrued interest receivable related to these loans was $0.4 million at both March 31, 2022 and December 31, 2021, and is included in “Other assets”. Revenues related to these loans were $1 million for both the three months ended March 31, 2022 and 2021, and are included in “Other income (loss)”. Affiliated Commercial Mortgage Loan The affiliated commercial mortgage loan included in "Commercial mortgage and other loans" at March 31, 2022 and December 31, 2021 were as follows: Maturity Date Interest Rate March 31, 2022 December 31, 2021 (in thousands) Affiliated Commercial Mortgage Loan 2025 4.78% $ 73,115 $ 73,412 This affiliated commercial mortgage loan was transferred from PALAC as part of the 2021 Variable Annuities Recapture. See Note 1 for details. The commercial mortgage loan shown above is carried at unpaid principal balance, net of unamortized deferred loan origination fees and expenses, and net of an allowance for losses. The Company reviews the performance and credit quality of the commercial mortgage on an on-going basis. Accrued interest receivable related to the loan was $0.3 million at March 31, 2022 and is included in "Accrued investment income". Revenues were $0.9 million for the three months ended March 31, 2022 and are included in "Net investment income". Affiliated Asset Transfers The Company participates in affiliated asset trades with parent and sister companies. Book and market value differences for trades with a parent and sister are recognized within "Additional paid-in capital" (“APIC”) and "Realized investment gains (losses), net", respectively. The table below shows affiliated asset trades for the three months ended March 31, 2022 and for the year ended December 31, 2021, excluding those related to the 2021 Variable Annuities Recapture effective July 1, 2021, as described in Note 1 to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2021. Affiliate Date Transaction Security Type Fair Value Book Value APIC, Net of Tax Increase/(Decrease) Realized (in thousands) PALAC June 2021 Purchase Equities $ 40,284 $ 40,284 $ 0 $ 0 Prudential Insurance September 2021 Purchase Fixed Maturities $ 64,374 $ 59,642 $ (3,739) $ 0 Prudential Insurance September 2021 Sale Fixed Maturities $ 37,887 $ 35,264 $ 2,073 $ 0 Hirakata LLC September 2021 Purchase Fixed Maturities $ 13,944 $ 13,944 $ 0 $ 0 Prudential Retirement Insurance & Annuity Co September 2021 Purchase Fixed Maturities $ 120,256 $ 120,256 $ 0 $ 0 Prudential Retirement Insurance & Annuity Co September 2021 Sale Fixed Maturities $ 173,590 $ 166,427 $ 0 $ 7,163 Prudential Insurance September 2021 Purchase Commercial Mortgage and Other Loans $ 45,358 $ 42,127 $ (2,553) $ 0 Prudential Insurance September 2021 Sale Commercial Mortgage and Other Loans $ 22,796 $ 21,780 $ 802 $ 0 Prudential Retirement Insurance & Annuity Co September 2021 Purchase Commercial Mortgage and Other Loans $ 29,483 $ 29,483 $ 0 $ 0 Prudential Retirement Insurance & Annuity Co September 2021 Sale Commercial Mortgage and Other Loans $ 51,005 $ 47,020 $ 0 $ 3,985 Prudential Insurance September 2021 Purchase Derivatives $ 600 $ 494 $ (84) $ 0 Prudential Insurance September 2021 Sale Derivatives $ 335 $ 175 $ 127 $ 0 Prudential Retirement Insurance & Annuity Co September 2021 Purchase Derivatives $ (1,243) $ (1,243) $ 0 $ 0 Prudential Retirement Insurance & Annuity Co September 2021 Sale Derivatives $ 2,846 $ 770 $ 0 $ 2,076 Prudential Arizona Reinsurance Universal Co. November 2021 Purchase Fixed Maturities $ 41,021 $ 41,021 $ 0 $ 0 Affiliate Date Transaction Security Type Fair Value Book Value APIC, Net of Tax Increase/(Decrease) Realized (in thousands) PALAC November 2021 Purchase Derivatives $ 1,112 $ 1,112 $ 0 $ 0 PALAC December 2021 Transfer in Fixed Maturities $ 2,037,320 $ 2,037,320 $ 0 $ 0 Prudential Universal Reinsurance Co. December 2021 Purchase Fixed Maturities $ 48,041 $ 48,041 $ 0 $ 0 PALAC December 2021 Purchase Fixed Maturities $ 57,087 $ 57,087 $ 0 $ 0 PALAC December 2021 Transfer in Commercial Mortgage and Other Loans $ 517,309 $ 517,309 $ 0 $ 0 Prudential Insurance December 2021 Contributed Capital Fixed Maturities $ 166,676 $ 166,676 $ 0 $ 0 Prudential Retirement Insurance & Annuity Co December 2021 Sale Derivatives $ 31,567 $ 0 $ 0 $ 31,567 Prudential Retirement Insurance & Annuity Co December 2021 Purchase Derivatives $ 73,572 $ 73,572 $ 0 $ 0 PALAC December 2021 Purchase Derivatives $ 8,455 $ 8,455 $ 0 $ 0 PALAC January 2022 Purchase Fixed Maturities $ 4,432 $ 4,432 $ 0 $ 0 PALAC January 2022 Purchase Derivatives $ 404 $ 404 $ 0 $ 0 PALAC February 2022 Purchase Fixed Maturities $ 128,909 $ 128,909 $ 0 $ 0 Debt Agreements The Company is authorized to borrow funds up to $2.2 billion from affiliates to meet its capital and other funding needs. The following table provides the breakout of the Company's short and long-term debt to affiliates as of March 31, 2022 and December 31, 2021: Affiliate Date Amount of Notes - March 31, 2022 Amount of Notes - December 31, 2021 Interest Rate Date of Maturity (in thousands) Prudential Insurance 8/13/2021 $ 98,997 $ 99,770 4.39 % 12/15/2023 Prudential Insurance 8/13/2021 29,699 29,931 4.39 % 12/15/2023 Prudential Insurance 8/13/2021 99,680 100,348 3.95 % 6/20/2024 Prudential Insurance 8/13/2021 39,872 40,139 3.95 % 6/20/2024 Prudential Insurance 8/13/2021 49,840 50,174 3.95 % 6/20/2024 Total Loans Payable to Affiliates $ 318,088 $ 320,362 Effective August 2021, the affiliated long-term debt was transferred to the Company from PALAC based on the market value of $324 million. The Company recorded a premium of $24 million which is amortized into earnings over the life of the loans. The total interest expense to the Company related to affiliated loans and cash collateral with PGF was $0.3 million and $0.0 million for the three months ended March 31, 2022 and 2021, respectively. Contributed Capital and Dividends In March 2022, the Company received a capital contribution in the amount of $8 million from Prudential Insurance. In January, July and December of 2021, the Company received capital contributions in the amount of $106 million, $3,813 million and $457 million, respectively, from Prudential Insurance. The December 2021 capital contribution includes $167 million of invested assets related to the Reinsurance Agreement with PALAC. In June 2021, there was a $34 million return of capital to Prudential Insurance associated with the financial guarantee related to the sale of Prudential of Taiwan. Through March 2022 and December 2021, the Company did not pay any dividends to Prudential Insurance. Reinsurance with Affiliates As discussed in Note 6, the Company participates in reinsurance transactions with certain affiliates.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	COMMITMENTS AND CONTINGENT LIABILITIES Commitments The Company has made commitments to fund commercial mortgage loans. As of March 31, 2022 and December 31, 2021, the outstanding balances on these commitments were $220 million and $121 million, respectively. These amounts include unfunded commitments that are not unconditionally cancellable. For related credit exposure, there was an allowance for credit losses o f $0.0 million as of both March 31, 2022 and December 31, 2021. There was a change in allowance of $0.0 million for the three months ended March 31, 2022 and 2021. The Company also made commitments to purchase or fund investments, mostly private fixed maturities. As of March 31, 2022 and December 31, 2021, $888 million and $753 million, respectively, of these commitments were outstanding. These amounts include unfunded commitments that are not unconditionally cancellable. There were no related charges for credit losses for either the three months ended March 31, 2022 or 2021. Guarantees In July 2017, the Company formed a joint venture with CT Corp to provide life insurance solutions in Indonesia. The Company owns a 49% interest in the joint venture and has entered into a shareholders agreement with CT Corp that sets out their respective rights and obligations with respect to the joint venture. Among other things, the shareholders agreement obligates the Company and CT Corp to provide capital to the joint venture, as necessary to comply with applicable law or to maintain a specified minimum amount of capital in the joint venture. This obligation is not limited to a maximum amount. The Company does not expect to make any payments on this guarantee and is not carrying any liabilities associated with the guarantee. Since 2001, the Company entered into an arrangement with Prudential of Taiwan as discussed in Note 6. In June 2021, PIIH completed the sale of Prudential of Taiwan. As a result of the sale, the Company has a financial guarantee to stand ready to perform in an event that both Prudential of Taiwan and the Buyer default and fail to perform their obligations to make payments to the policyholders. The Company has a liability of $34 million as of March 31, 2022, which represents the fair value of the guarantee and is amortized in revenue over a period which approximates the life of the underlying insurance in force. Since this obligation is not subject to limitations, it is not possible to determine the maximum potential amount due under this guarantee. Contingent Liabilities On an ongoing basis, the Company and its regulators review its operations including, but not limited to, sales and other customer interface procedures and practices, and procedures for meeting obligations to its customers and other parties. These reviews may result in the modification or enhancement of processes or the imposition of other action plans, including concerning management oversight, sales and other customer interface procedures and practices, and the timing or computation of payments to customers and other parties. In certain cases, if appropriate, the Company may offer customers or other parties remediation and may incur charges, including the cost of such remediation, administrative costs and regulatory fines. The Company is subject to the laws and regulations of states and other jurisdictions concerning the identification, reporting and escheatment of unclaimed or abandoned funds, and is subject to audit and examination for compliance with these requirements. It is possible that the results of operations or the cash flows of the Company in a particular quarterly or annual period could be materially affected as a result of payments in connection with the matters discussed above or other matters depending, in part, upon the results of operations or cash flows for such period. Management believes, however, that ultimate payments in connection with these matters, after consideration of applicable reserves and rights to indemnification, should not have a material adverse effect on the Company’s financial position. Litigation and Regulatory Matters The Company is subject to legal and regulatory actions in the ordinary course of its business. Pending legal and regulatory actions include proceedings specific to the Company and proceedings generally applicable to business practices in the industry in which it operates. The Company is subject to class action lawsuits and other litigation involving a variety of issues and allegations involving sales practices, claims payments and procedures, premium charges, policy servicing and breach of fiduciary duty to customers. The Company is also subject to litigation arising out of its general business activities, such as its investments, contracts, leases and labor and employment relationships, including claims of discrimination and harassment, and could be exposed to claims or litigation concerning certain business or process patents. In addition, the Company, along with other participants in the businesses in which it engages, may be subject from time to time to investigations, examinations and inquiries, in some cases industry-wide, concerning issues or matters upon which such regulators have determined to focus. In some of the Company’s pending legal and regulatory actions, parties are seeking large and/or indeterminate amounts, including punitive or exemplary damages. The outcome of litigation or a regulatory matter, and the amount or range of potential loss at any particular time, is often inherently uncertain. The Company establishes accruals for litigation and regulatory matters when it is probable that a loss has been incurred and the amount of that loss can be reasonably estimated. For litigation and regulatory matters where a loss may be reasonably possible, but not probable, or is probable but not reasonably estimable, no accrual is established, but the matter, if material, is disclosed. The Company estimates that as of March 31, 2022, the aggregate range of reasonably possible losses in excess of accruals established for those litigation and regulatory matters for which such an estimate currently can be made is less than $100 million. This estimate is not an indication of expected loss, if any, or the Company's maximum possible loss exposure on such matters. The Company reviews relevant information with respect to its litigation and regulatory matters on a quarterly and annual basis and updates its accruals, disclosures and estimates of reasonably possible loss based on such reviews. The following discussion of litigation and regulatory matters provides an update of those matters discussed in Note 14 to the Company's Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, and should be read in conjunction with the complete descriptions provided in the Form 10-K. There are no material developments in previously reported matters disclosed as of December 31, 2021. Summary The Company’s litigation and regulatory matters are subject to many uncertainties, and given their complexity and scope, their outcome cannot be predicted. It is possible that the Company’s results of operations or cash flows in a particular quarterly or annual period could be materially affected by an ultimate unfavorable resolution of pending litigation and regulatory matters depending, in part, upon the results of operations or cash flows for such period. In light of the unpredictability of the Company’s litigation and regulatory matters, it is also possible that in certain cases an ultimate unfavorable resolution of one or more pending litigation or regulatory matters could have a material adverse effect on the Company’s financial statements. Management believes, however, that, based on information currently known to it, the ultimate outcome of all pending litigation and regulatory matters, after consideration of applicable reserves and rights to indemnification, is not likely to have a material adverse effect on the Company’s financial statements.

Significant Accounting Polici_2

Significant Accounting Policies and Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Unaudited Interim Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) on a basis consistent with reporting interim financial information in accordance with instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (“SEC”). Intercompany balances and transactions have been eliminated. In the opinion of management, all adjustments necessary for a fair statement of the financial position and results of operations have been made. All such adjustments are of a normal, recurring nature. Interim results are not necessarily indicative of the results that may be expected for the full year. These financial statements should be read in conjunction with the Company’s Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates include those used in determining deferred policy acquisition costs ("DAC") and related amortization; policyholders' account balances and reinsurance related to the fair value of embedded derivative instruments associated with the index-linked features of certain universal life and annuity products; valuation of investments including derivatives, measurement of allowance for credit losses, and the recognition of other-than-temporary impairments; future policy benefits including guarantees; reinsurance recoverables; provision for income taxes and valuation of deferred tax assets; and accruals for contingent liabilities, including estimates for losses in connection with unresolved legal and regulatory matters.
Reclassifications	Reclassifications Certain amounts in prior periods have been reclassified to conform to the current period presentation.
Adoption of New Accounting Pronouncements	Recent Accounting Pronouncements Changes to U.S. GAAP are established by the Financial Accounting Standards Board ("FASB") in the form of Accounting Standards Updates ("ASUs") to the FASB Accounting Standards Codification ("ASC"). The Company considers the applicability and impact of all ASUs. ASUs listed below include those that have been adopted during the current fiscal year and/or those that have been issued but not yet adopted as of March 31, 2022, and as of the date of this filing. ASUs not listed below were assessed and determined to be either not applicable or not material.
Future Adoption Of New Accounting Pronouncements	ASU issued but not yet adopted as of March 31, 2022 — ASU 2018-12 ASU2018-12 , Financial Services - Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts, was issued by the FASB on August 15, 2018, and was amended by ASU 2019-09, Financial Services - Insurance (Topic 944): Effective Date , issued in October 2019, and ASU 2020-11, Financial Services-Insurance (Topic 944): Effective Date and Early Application , issued in November 2020. The Company will adopt ASU 2018-12 effective January 1, 2023 using the modified retrospective transition method where permitted, and apply the guidance as of January 1, 2021 (and record transition adjustments as of January 1, 2021) in the 2023 financial statements. ASU 2018-12 will impact, at least to some extent, the accounting and disclosure requirements for all long-duration insurance and investment contracts issued by the Company. The Company expects the standard to have a significant financial impact on the Consolidated Financial Statements and will significantly enhance disclosures. In addition to the significant impacts to the balance sheet, the Company also expects an impact to the pattern of earnings emergence following the transition date. Outlined below are four key areas of change, although there are other less significant policy changes not noted below. ASU 2018-12 Amended Topic Description Method of adoption Effect on the financial statements or other significant matters Cash flow assumptions used to measure the liability for future policy benefits for non-participating traditional and limited-pay insurance products Requires an entity to review, and if necessary, update the cash flow assumptions used to measure the liability for future policy benefits, for both changes in future assumptions and actual experience, at least annually using a retrospective update method with a cumulative catch-up adjustment recorded in a separate line item in the Consolidated Statements of Operations. An entity may choose one of two adoption methods for the liability for future policy benefits: (1) a modified retrospective transition method whereby the entity may choose to apply the amendments to contracts in force as of the beginning of the prior year (if early adoption is elected) or as of the beginning of the earliest period presented on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in Accumulated other comprehensive income (loss) ("AOCI") or (2) a full retrospective transition method. The Company will adopt this guidance effective January 1, 2023 using the modified retrospective transition method. The impacts of electing such method are currently under assessment. Discount rate assumption used to measure the liability for future policy benefits for non-participating traditional and limited-pay insurance products Requires discount rate assumptions to be based on an upper-medium grade fixed income instrument yield, which will be updated each quarter with the impact recorded through OCI. An entity shall maximize the use of relevant observable information and minimize the use of unobservable information in determining the discount rate assumptions. As noted above, an entity may choose either a modified retrospective transition method or full retrospective transition method for the liability for future policy benefits. Under either method, for balance sheet remeasurement purposes, the liability for future policy benefits will be remeasured using current discount rates as of either the beginning of the prior year (if early adoption is elected) or the beginning of the earliest period presented with the impact recorded as a cumulative effect adjustment to AOCI. As noted above, the Company will adopt the guidance for the liability for future policy benefits effective January 1, 2023 using the modified retrospective transition method. There will be an adjustment to AOCI as a result of remeasuring in force contract liabilities using upper-medium grade fixed income instrument yields as of the adoption date. The adjustment will largely reflect the difference between discount rates locked-in at contract inception versus discount rates at transition. The magnitude of such adjustment is currently being assessed. Amortization of DAC and other balances Requires DAC and other balances, such as unearned revenue reserves and DSI, to be amortized on a constant level basis over the expected term of the related contract, independent of expected profitability. An entity may apply one of two adoption methods: (1) a modified retrospective transition method whereby the entity may choose to apply the amendments to contracts in force as of the beginning of the prior year (if early adoption is elected) or as of the beginning of the earliest period presented on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI or (2) if an entity chooses a full retrospective transition method for its liability for future policy benefits, as described above, it is required to also use a full retrospective transition method for DAC and other balances. The Company will adopt this guidance effective January 1, 2023 using the modified retrospective transition method. Under the modified retrospective transition method, the Company would not expect a significant impact to the balance sheet, other than the impact of the removal of any related amounts in AOCI. Market Risk Benefits ("MRB") Requires an entity to measure all market risk benefits (e.g., living benefit and death benefit guarantees associated with variable annuities) at fair value, and record MRB assets and liabilities separately on the Statements of Financial Position. Changes in fair value of market risk benefits are recorded in net income, except for the portion of the change in MRB liabilities attributable to changes in an entity’s non-performance risk ("NPR"), which is recognized in OCI. An entity shall adopt the guidance for market risk benefits using the retrospective transition method, which includes a cumulative-effect adjustment on the balance sheet as of either the beginning of prior year (if early adoption is elected) or the beginning of the earliest period presented. An entity shall maximize the use of relevant observable information and minimize the use of unobservable information in determining the balance of the market risk benefits upon adoption. The Company will adopt this guidance effective January 1, 2023 using the retrospective transition method. Upon adoption, the Company expects an impact to retained earnings for the difference between the fair value and carrying value of benefits not currently measured at fair value (e.g., guaranteed minimum death benefits on variable annuities) and an impact from reclassifying the cumulative effect of changes in NPR from retained earnings to AOCI. The magnitude of such adjustments is currently being assessed. Other ASU issued but not yet adopted as of March 31, 2022 Standard Description Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosure This ASU eliminates the accounting guidance for Troubled Debt Restructurings (“TDR”) for creditors and adds enhanced disclosure requirements for certain loan refinancings and restructurings by creditors made to borrowers experiencing financial difficulty. Following adoption of the ASU, all loan refinancings are subject to the modification guidance in ASC 310-20.This ASU also amends the guidance on the vintage disclosures to require disclosure of current-period gross write-offs by year of origination. January 1, 2023 using the prospective method with an option to apply a modified retrospective transition method for the recognition and measurement of TDRs which will include a cumulative effect adjustment on the balance sheet in the period of adoption. Early adoption is permitted beginning January 1, 2022, including adoption in an interim period provided guidance is applied as of the beginning of the year. The Company does not expect the adoption of the ASU to have a significant impact on the Consolidated Financial Statements and Notes to the Consolidated Financial Statements.

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2022
Investments [Abstract]
Fixed Maturities, Available-for-sale Securities	The following tables set forth the composition of fixed maturity securities (excluding investments classified as trading), as of the dates indicated: March 31, 2022 Amortized Gross Gross Allowance for Credit Losses Fair (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 302,835 $ 1,239 $ 7,071 $ 0 $ 297,003 Obligations of U.S. states and their political subdivisions 604,286 17,194 12,308 0 609,172 Foreign government bonds 333,824 10,697 17,993 399 326,129 U.S. public corporate securities 4,973,499 115,899 316,620 0 4,772,778 U.S. private corporate securities 2,136,230 15,758 100,031 2,482 2,049,475 Foreign public corporate securities 994,201 8,921 68,260 1,177 933,685 Foreign private corporate securities 3,001,495 8,711 204,953 16,667 2,788,586 Asset-backed securities(1) 624,560 486 7,251 0 617,795 Commercial mortgage-backed securities 598,640 6,048 24,296 0 580,392 Residential mortgage-backed securities(2) 50,525 727 1,402 0 49,850 Total fixed maturities, available-for-sale $ 13,620,095 $ 185,680 $ 760,185 $ 20,725 $ 13,024,865 (1) Includes credit-tranched securities collateralized by loan obligations, education loans, auto loans and other asset types. (2) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. December 31, 2021 Amortized Gross Gross Allowance for Credit Losses Fair (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 303,040 $ 31,011 $ 111 $ 0 $ 333,940 Obligations of U.S. states and their political subdivisions 584,244 46,978 701 0 630,521 Foreign government bonds 324,454 29,299 3,271 11 350,471 U.S. public corporate securities 4,794,878 366,764 29,770 0 5,131,872 U.S. private corporate securities 1,964,767 59,037 16,880 2,049 2,004,875 Foreign public corporate securities 906,031 34,234 10,363 0 929,902 Foreign private corporate securities 2,741,449 62,932 48,381 2,089 2,753,911 Asset-backed securities(1) 547,549 860 1,099 0 547,310 Commercial mortgage-backed securities 552,653 25,928 3,397 0 575,184 Residential mortgage-backed securities(2) 18,684 1,501 5 0 20,180 Total fixed maturities, available-for-sale $ 12,737,749 $ 658,544 $ 113,978 $ 4,149 $ 13,278,166 (1) Includes credit-tranched securities collateralized by loan obligations, education loans, auto loans and other asset types. (2) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations.
Duration Of Gross Unrealized Losses On Fixed Maturity Securities	The following tables set forth the fair value and gross unrealized losses on available-for-sale fixed maturity securities without an allowance for credit losses aggregated by investment category and length of time that individual fixed maturity securities had been in a continuous unrealized loss position, as of the dates indicated: March 31, 2022 Less Than Twelve Months Twelve Months or More Total Fair Value Gross Fair Value Gross Fair Value Gross (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 275,075 $ 6,836 $ 1,983 $ 235 $ 277,058 $ 7,071 Obligations of U.S. states and their political subdivisions 141,153 12,308 0 0 141,153 12,308 Foreign government bonds 178,805 12,942 27,715 5,051 206,520 17,993 U.S. public corporate securities 2,921,652 278,141 201,571 38,479 3,123,223 316,620 U.S. private corporate securities 1,451,948 95,558 23,847 4,473 1,475,795 100,031 Foreign public corporate securities 697,013 56,679 79,629 10,775 776,642 67,454 Foreign private corporate securities 2,394,846 194,856 57,609 10,094 2,452,455 204,950 Asset-backed securities 575,329 7,199 6,750 52 582,079 7,251 Commercial mortgage-backed securities 305,947 18,064 49,414 6,232 355,361 24,296 Residential mortgage-backed securities 38,622 1,402 0 0 38,622 1,402 Total fixed maturities, available-for-sale $ 8,980,390 $ 683,985 $ 448,518 $ 75,391 $ 9,428,908 $ 759,376 December 31, 2021 Less Than Twelve Months Twelve Months or More Total Fair Value Gross Fair Value Gross Fair Value Gross (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of $ 0 $ 0 $ 2,119 $ 111 $ 2,119 $ 111 Obligations of U.S. states and their political subdivisions 104,621 701 0 0 104,621 701 Foreign government bonds 59,550 2,826 6,473 371 66,023 3,197 U.S. public corporate securities 1,681,201 23,160 180,249 6,610 1,861,450 29,770 U.S. private corporate securities 972,796 14,036 16,409 2,844 989,205 16,880 Foreign public corporate securities 532,445 8,255 29,718 2,108 562,163 10,363 Foreign private corporate securities 1,253,739 42,392 57,637 5,616 1,311,376 48,008 Asset-backed securities 288,971 1,099 0 0 288,971 1,099 Commercial mortgage-backed securities 157,355 1,622 40,689 1,775 198,044 3,397 Residential mortgage-backed securities 1,393 5 0 0 1,393 5 Total fixed maturities, available-for-sale $ 5,052,071 $ 94,096 $ 333,294 $ 19,435 $ 5,385,365 $ 113,531
Fixed Maturities Classified by Contractual Maturity Date	The following table sets forth the amortized cost and fair value of fixed maturities by contractual maturities, as of the date indicated: March 31, 2022 Amortized Cost Fair Value (in thousands) Fixed maturities, available-for-sale: Due in one year or less $ 387,461 $ 370,463 Due after one year through five years 2,790,499 2,674,504 Due after five years through ten years 3,360,474 3,117,495 Due after ten years 5,807,936 5,614,366 Asset-backed securities 624,560 617,795 Commercial mortgage-backed securities 598,640 580,392 Residential mortgage-backed securities 50,525 49,850 Total fixed maturities, available-for-sale $ 13,620,095 $ 13,024,865
Sources of Fixed Maturity Proceeds, Realized Investment Gains (Losses), and Losses on Impairments	The following table sets forth the sources of fixed maturity proceeds and related investment gains (losses), as well as losses on write-downs and the allowance for credit losses of fixed maturities, for the periods indicated: Three Months Ended March 31, 2022 2021 (in thousands) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 274,429 $ 33,749 Proceeds from maturities/prepayments 120,361 74,085 Gross investment gains from sales and maturities (706) 352 Gross investment losses from sales and maturities (19,442) (2,569) Write-downs recognized in earnings(2) 3 (2) (Addition to) release of allowance for credit losses (16,576) (519) (1) Excludes activities from non-cash related proceeds due to the timing of trade settlements of $2.3 million and $0.9 million for the three months ended March 31, 2022 and 2021, respectively. (2) Amounts represent write-downs of credit adverse securities and securities actively marketed for sale.
Credit Losses Recognized in Earnings on Fixed Maturity Securities Held by the Company for which a Portion of the OTTI Loss was Recognized in OCI	The following tables set forth the activity in the allowance for credit losses for fixed maturity securities, as of the dates indicated: Three Months Ended March 31, 2022 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in thousands) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 11 $ 4,138 $ 0 $ 0 $ 0 $ 4,149 Additions to allowance for credit losses not previously recorded 0 329 9,258 0 0 0 9,587 Reductions for securities sold during the period 0 (3) 0 0 0 0 (3) Addition (reductions) on securities with previous allowance 0 62 6,930 0 0 0 6,992 Balance, end of period $ 0 $ 399 $ 20,326 $ 0 $ 0 $ 0 $ 20,725 Three Months Ended March 31, 2021 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in thousands) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 0 $ 2,339 $ 0 $ 0 $ 0 $ 2,339 Reductions for securities sold during the period 0 0 (11) 0 0 0 (11) Addition (reductions) on securities with previous allowance 0 0 530 0 0 0 530 Balance, end of period $ 0 $ 0 $ 2,858 $ 0 $ 0 $ 0 $ 2,858
Commercial Mortgage and Other Loans	The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: March 31, 2022 December 31, 2021 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Apartments/Multi-Family $ 806,466 27.0 % $ 748,414 26.4 % Hospitality 47,529 1.7 48,141 1.7 Industrial 994,566 33.3 916,398 32.2 Office 454,299 15.2 445,055 15.7 Other 257,859 8.6 252,590 8.9 Retail 229,353 7.7 255,577 9.0 Total commercial mortgage loans 2,790,072 93.5 2,666,175 93.9 Agricultural property loans 193,512 6.5 172,336 6.1 Total commercial mortgage and agricultural property loans 2,983,584 100.0 % 2,838,511 100.0 % Allowance for credit losses (6,446) (5,951) Total net commercial mortgage and agricultural property loans $ 2,977,138 $ 2,832,560
Allowance for Credit Losses	The following table sets forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated: Three Months Ended March 31, 2022 2021 Commercial Mortgage Loans Agricultural Property Loans Total Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Allowance, beginning of period $ 5,847 $ 104 $ 5,951 $ 4,546 $ 6 $ 4,552 Addition to (release of) allowance for expected losses 477 18 495 (237) (1) (238) Allowance, end of period $ 6,324 $ 122 $ 6,446 $ 4,309 $ 5 $ 4,314
Financing Receivable Credit Quality Indicators	The following tables set forth key credit quality indicators based upon the recorded investment gross of allowance for credit losses, as of the dates indicated: March 31, 2022 Amortized Cost by Origination Year 2022 2021 2020 2019 2018 Prior Total (in thousands) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 0 $ 47,159 $ 0 $ 177,478 $ 75,987 $ 643,413 $ 944,037 60%-69.99% 40,360 307,625 235,943 290,954 170,351 261,320 1,306,553 70%-79.99% 132,705 163,009 75,332 72,412 13,728 81,343 538,529 80% or greater 0 0 0 0 0 953 953 Total $ 173,065 $ 517,793 $ 311,275 $ 540,844 $ 260,066 $ 987,029 $ 2,790,072 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 173,065 $ 500,852 $ 195,538 $ 478,368 $ 253,238 $ 884,585 $ 2,485,646 1.0 - 1.2x 0 16,941 109,430 39,338 6,828 45,716 218,253 Less than 1.0x 0 0 6,307 23,138 0 56,728 86,173 Total $ 173,065 $ 517,793 $ 311,275 $ 540,844 $ 260,066 $ 987,029 $ 2,790,072 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 25,000 $ 98,527 $ 26,363 $ 16,181 $ 6,452 $ 20,989 $ 193,512 60%-69.99% 0 0 0 0 0 0 0 70%-79.99% 0 0 0 0 0 0 0 80% or greater 0 0 0 0 0 0 0 Total $ 25,000 $ 98,527 $ 26,363 $ 16,181 $ 6,452 $ 20,989 $ 193,512 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 25,000 $ 98,527 $ 26,363 $ 16,181 $ 6,452 $ 20,174 $ 192,697 1.0 - 1.2x 0 0 0 0 0 0 0 Less than 1.0x 0 0 0 0 0 815 815 Total $ 25,000 $ 98,527 $ 26,363 $ 16,181 $ 6,452 $ 20,989 $ 193,512 December 31, 2021 Amortized Cost by Origination Year 2021 2020 2019 2018 2017 Prior Total (in thousands) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 47,161 $ 0 $ 179,682 $ 76,656 $ 126,934 $ 553,022 $ 983,455 60%-69.99% 307,999 225,330 289,322 170,444 126,159 116,654 1,235,908 70%-79.99% 163,451 86,083 75,185 13,728 55,032 51,203 444,682 80% or greater 0 0 0 0 958 1,172 2,130 Total $ 518,611 $ 311,413 $ 544,189 $ 260,828 $ 309,083 $ 722,051 $ 2,666,175 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 501,456 $ 195,164 $ 481,289 $ 253,938 $ 289,443 $ 638,092 $ 2,359,382 1.0 - 1.2x 17,155 109,862 39,577 6,890 7,100 39,213 219,797 Less than 1.0x 0 6,387 23,323 0 12,540 44,746 86,996 Total $ 518,611 $ 311,413 $ 544,189 $ 260,828 $ 309,083 $ 722,051 $ 2,666,175 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 98,579 $ 26,581 $ 16,226 $ 6,463 $ 8,372 $ 16,115 $ 172,336 60%-69.99% 0 0 0 0 0 0 0 70%-79.99% 0 0 0 0 0 0 0 80% or greater 0 0 0 0 0 0 0 Total $ 98,579 $ 26,581 $ 16,226 $ 6,463 $ 8,372 $ 16,115 $ 172,336 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 98,579 $ 26,581 $ 16,226 $ 6,463 $ 8,372 $ 15,300 $ 171,521 1.0 - 1.2x 0 0 0 0 0 0 0 Less than 1.0x 0 0 0 0 0 815 815 Total $ 98,579 $ 26,581 $ 16,226 $ 6,463 $ 8,372 $ 16,115 $ 172,336
Aging of Past Due Commercial Mortgage and Other Loans and Nonaccrual Status	The following tables set forth an aging of past due commercial mortgage and other loans based upon the recorded investment gross of allowance for credit losses, as well as the amount of commercial mortgage and other loans on non-accrual status, as of the dates indicated: March 31, 2022 Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due(1) Total Loans Non-Accrual Status(2) (in thousands) Commercial mortgage loans $ 2,790,072 $ 0 $ 0 $ 0 $ 2,790,072 $ 0 Agricultural property loans 193,512 0 0 0 193,512 0 Total $ 2,983,584 $ 0 $ 0 $ 0 $ 2,983,584 $ 0 (1) As of March 31, 2022, there were no loans in this category accruing interest. (2) For additional information regarding the Company’s policies for accruing interest on loans, see Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. December 31, 2021 Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due(1) Total Loans Non-Accrual Status(2) (in thousands) Commercial mortgage loans $ 2,666,175 $ 0 $ 0 $ 0 $ 2,666,175 $ 0 Agricultural property loans 172,336 0 0 0 172,336 0 Total $ 2,838,511 $ 0 $ 0 $ 0 $ 2,838,511 $ 0 (1) As of December 31, 2021, there were no loans in this category accruing interest. (2) For additional information regarding the Company’s policies for accruing interest on loans, see Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.
Other Invested Assets	The following table sets forth the composition of “Other invested assets,” as of the dates indicated: March 31, 2022 December 31, 2021 (in thousands) Company’s investment in separate accounts $ 793 $ 53,694 LPs/LLCs: Equity method: Private equity 298,562 286,141 Hedge funds 440,490 432,749 Real estate-related 96,504 89,337 Subtotal equity method 835,556 808,227 Fair value: Private equity 67,984 69,137 Hedge funds 481 481 Real estate-related 10,230 9,861 Subtotal fair value 78,695 79,479 Total LPs/LLCs 914,251 887,706 Derivative instruments 202,416 268,525 Total other invested assets $ 1,117,460 $ 1,209,925
Accrued Investment Income	The following table sets forth the composition of “Accrued investment income,” as of the dates indicated: March 31, 2022 December 31, 2021 (in thousands) Fixed maturities $ 115,731 $ 117,216 Equity securities 163 2 Commercial mortgage and other loans 7,954 7,025 Policy loans 14,456 35,153 Other invested assets 262 254 Short-term investments and cash equivalents 215 377 Total accrued investment income $ 138,781 $ 160,027
Net Investment Income	The following table sets forth “Net investment income” by investment type, for the periods indicated: Three Months Ended March 31, 2022 2021 (in thousands) Fixed maturities, available-for-sale $ 109,191 $ 59,958 Fixed maturities, trading 15,565 531 Equity securities 162 103 Commercial mortgage and other loans 22,248 13,426 Policy loans 16,944 17,034 Other invested assets 24,912 13,073 Short-term investments and cash equivalents 648 127 Gross investment income 189,670 104,252 Less: investment expenses (10,370) (5,385) Net investment income $ 179,300 $ 98,867
Realized Investment Gains (Losses), Net	The following table sets forth “Realized investment gains (losses), net” by investment type, for the periods indicated: Three Months Ended March 31, 2022 2021 (in thousands) Fixed maturities(1) $ (36,721) $ (2,738) Commercial mortgage and other loans (603) 238 Other invested assets 1,642 22 Derivatives 820,053 79,091 Short-term investments and cash equivalents (264) (5) Realized investment gains (losses), net $ 784,107 $ 76,608 (1) Includes fixed maturity securities classified as available-for-sale and excludes fixed maturity securities classified as trading.
Net Unrealized Gains and (Losses) on Investments	The following table sets forth net unrealized gains (losses) on investments, as of the dates indicated: March 31, 2022 December 31, 2021 (in thousands) Fixed maturity securities, available-for-sale with an allowance $ 2,063 $ 3,685 Fixed maturity securities, available-for-sale without an allowance (576,568) 540,881 Derivatives designated as cash flow hedges(1) 52,720 39,896 Affiliated notes (5,992) 73 Other investments(2) 1,513 1,854 Net unrealized gains (losses) on investments $ (526,264) $ 586,389 (1) For more information on cash flow hedges, see Note 4. (2) Includes net unrealized gains (losses) on certain joint ventures that are strategic in nature and are included in "other assets".
Repurchase Agreements and Securities Lending	The following table sets forth the composition of “Cash collateral for loaned securities,” which represents the liability to return cash collateral received for the following types of securities loaned, as of the dates indicated: March 31, 2022 December 31, 2021 Remaining Contractual Maturities of the Agreements Remaining Contractual Maturities of the Agreements Overnight & Continuous Up to 30 Days Total Overnight & Continuous Up to 30 Days Total (in thousands) U.S. public corporate securities $ 2,696 $ 0 $ 2,696 $ 3,004 $ 0 $ 3,004 Total cash collateral for loaned securities(1) $ 2,696 $ 0 $ 2,696 $ 3,004 $ 0 $ 3,004 (1) The Company did not have any agreements with remaining contractual maturities greater than thirty days, as of the dates indicated.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The table below provides a summary of the gross notional amount and fair value of derivative contracts by the primary underlying risks, excluding embedded derivatives and associated reinsurance recoverables. Many derivative instruments contain multiple underlying risks. The fair value amounts below represent the value of derivative contracts prior to taking into account the netting effects of master netting agreements and cash collateral. March 31, 2022 December 31, 2021 Primary Underlying Risk/Instrument Type Fair Value Fair Value Gross Notional Assets Liabilities Gross Notional Assets Liabilities (in thousands) Derivatives Designated as Hedge Accounting Instruments: Currency/Interest Rate Interest Rate Swaps $ 3,306 $ 0 $ (127) $ 3,344 $ 55 $ 0 Foreign Currency Swaps 1,257,356 55,035 (10,040) 886,552 37,259 (6,900) Total Derivatives Designated as Hedge Accounting Instruments $ 1,260,662 $ 55,035 $ (10,167) $ 889,896 $ 37,314 $ (6,900) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 134,315,860 $ 4,661,714 $ (10,707,561) $ 130,358,860 $ 5,698,740 $ (10,348,130) Interest Rate Options 9,873,000 141,443 (170,561) 9,883,000 280,323 (173,863) Interest Rate Futures 2,084,100 2,928 (2,394) 4,109,300 2,876 (2,709) Interest Rate Forwards 115,000 0 (6,315) 195,000 3,760 (991) Foreign Currency Foreign Currency Forwards 223,781 2,954 (439) 119,653 842 (1,063) Credit Credit Default Swaps 2,285,550 46,641 0 306,900 24,789 0 Currency/Interest Rate Foreign Currency Swaps 1,974,625 71,808 (23,693) 2,139,523 68,477 (23,251) Equity Total Return Swaps 13,609,955 151,873 (220,436) 15,129,666 66,627 (475,209) Equity Options 33,912,368 644,928 (843,974) 19,461,881 902,050 (1,535,272) Equity Futures 4,221,956 2,110 (59,684) 5,015,002 736 (6,595) Total Derivatives Not Qualifying as Hedge Accounting Instruments $ 202,616,195 $ 5,726,399 $ (12,035,057) $ 186,718,785 $ 7,049,220 $ (12,567,083) Total Derivatives(1)(2) $ 203,876,857 $ 5,781,434 $ (12,045,224) $ 187,608,681 $ 7,086,534 $ (12,573,983) (1) Excludes embedded derivatives and associated reinsurance recoverables which contain multiple underlying risks. The fair value of these embedded derivatives was a net liability of $6,965 million and $9,048 million as of March 31, 2022 and December 31, 2021, respectively included in "Future policy benefits" and $3,260 million and $3,246 million as of March 31, 2022 and December 31, 2021, respectively included in "Policyholders' account balances". Other assets included $76 million and $73 million as of March 31, 2022 and December 31, 2021, respectively. Other liabilities included $6 million and $13 million as of March 31, 2022 and December 31, 2021, respectively. The fair value of the related reinsurance, included in "Reinsurance recoverables" and/or "Reinsurance payables" was an asset of $701 million and $931 million as of March 31, 2022 and December 31, 2021, respectively. (2) Recorded in “Other invested assets” and “Payables to parent and affiliates” on the Unaudited Interim Consolidated Statements of Financial Position.
Offsetting Of Financial Assets	The following table presents recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements that are offset in the Unaudited Interim Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Unaudited Interim Consolidated Statements of Financial Position. March 31, 2022 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 5,781,434 $ (5,579,018) $ 202,416 $ 0 $ 202,416 Securities purchased under agreements to resell 300,000 0 300,000 (300,000) 0 Total Assets $ 6,081,434 $ (5,579,018) $ 502,416 $ (300,000) $ 202,416 Offsetting of Financial Liabilities: Derivatives $ 12,045,224 $ (11,987,555) $ 57,668 $ (57,668) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 12,045,224 $ (11,987,555) $ 57,668 $ (57,668) $ 0 December 31, 2021 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 7,086,534 $ (6,818,009) $ 268,525 $ 0 $ 268,525 Securities purchased under agreements to resell 185,000 0 185,000 (185,000) 0 Total Assets $ 7,271,534 $ (6,818,009) $ 453,525 $ (185,000) $ 268,525 Offsetting of Financial Liabilities: Derivatives $ 12,573,983 $ (12,568,082) $ 5,901 $ (5,901) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 12,573,983 $ (12,568,082) $ 5,901 $ (5,901) $ 0 (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty.
Offsetting Of Financial Liabilities	The following table presents recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements that are offset in the Unaudited Interim Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Unaudited Interim Consolidated Statements of Financial Position. March 31, 2022 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 5,781,434 $ (5,579,018) $ 202,416 $ 0 $ 202,416 Securities purchased under agreements to resell 300,000 0 300,000 (300,000) 0 Total Assets $ 6,081,434 $ (5,579,018) $ 502,416 $ (300,000) $ 202,416 Offsetting of Financial Liabilities: Derivatives $ 12,045,224 $ (11,987,555) $ 57,668 $ (57,668) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 12,045,224 $ (11,987,555) $ 57,668 $ (57,668) $ 0 December 31, 2021 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 7,086,534 $ (6,818,009) $ 268,525 $ 0 $ 268,525 Securities purchased under agreements to resell 185,000 0 185,000 (185,000) 0 Total Assets $ 7,271,534 $ (6,818,009) $ 453,525 $ (185,000) $ 268,525 Offsetting of Financial Liabilities: Derivatives $ 12,573,983 $ (12,568,082) $ 5,901 $ (5,901) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 12,573,983 $ (12,568,082) $ 5,901 $ (5,901) $ 0 (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The following tables provide the financial statement classification and impact of derivatives used in qualifying and non-qualifying hedge relationships, excluding the offset of the hedged item in an effective hedge relationship. Three Months Ended March 31, 2022 Realized Net Other Change in AOCI (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Interest Rate $ 0 $ 11 $ 0 $ (157) Currency/Interest Rate (771) 7,850 6,700 12,981 Total cash flow hedges (771) 7,861 6,700 12,824 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (1,625,937) 0 0 0 Currency 4,297 0 0 0 Currency/Interest Rate (1,708) 0 113 0 Credit (2,723) 0 0 0 Equity 391,260 0 0 0 Embedded Derivatives 2,055,635 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments 820,824 0 113 0 Total $ 820,053 $ 7,861 $ 6,813 $ 12,824 Three Months Ended March 31, 2021 Realized Net Other Change in AOCI (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Interest Rate $ 0 $ 12 $ 0 $ (125) Currency/Interest Rate (163) 2,460 1,717 4,824 Total cash flow hedges (163) 2,472 1,717 4,699 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (37,371) 0 0 0 Currency 1,036 0 0 0 Currency/Interest Rate 192 0 (11) 0 Credit (12) 0 0 0 Equity 15,562 0 0 0 Embedded Derivatives 99,847 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments 79,254 0 (11) 0 Total $ 79,091 $ 2,472 $ 1,706 $ 4,699
Schedule of Derivative Instruments Recognized in Accumulated Other Comprehensive Income (Loss) Before Taxes	Presented below is a rollforward of current period cash flow hedges in AOCI before taxes: (in thousands) Balance, December 31, 2021 $ 39,896 Amount recorded in AOCI Interest Rate (146) Currency/Interest Rate 26,760 Total amount recorded in AOCI 26,614 Amount reclassified from AOCI to income Interest Rate (11) Currency/Interest Rate (13,779) Total amount reclassified from AOCI to income (13,790) Balance, March 31, 2022 $ 52,720

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value, Assets and Liabilities Measured on Recurring Basis	The tables below present the balances of assets and liabilities reported at fair value on a recurring basis, as of the dates indicated. March 31, 2022 Level 1 Level 2 Level 3 Netting(1) Total (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 297,003 $ 0 $ $ 297,003 Obligations of U.S. states and their political subdivisions 0 609,172 0 609,172 Foreign government bonds 0 325,989 140 326,129 U.S. corporate public securities 0 4,772,778 0 4,772,778 U.S. corporate private securities 0 1,909,914 139,561 2,049,475 Foreign corporate public securities 0 925,727 7,958 933,685 Foreign corporate private securities 0 2,550,747 237,839 2,788,586 Asset-backed securities(2) 0 605,378 12,417 617,795 Commercial mortgage-backed securities 0 480,693 99,699 580,392 Residential mortgage-backed securities 0 49,850 0 49,850 Subtotal 0 12,527,251 497,614 13,024,865 Fixed maturities, trading 0 2,696,898 0 2,696,898 Equity securities 128 16,448 11,463 28,039 Short-term investments 18,998 9,493 0 28,491 Cash equivalents 0 956,659 0 956,659 Other invested assets(3) 46,672 5,734,762 0 (5,579,018) 202,416 Other assets 0 0 75,201 75,201 Reinsurance recoverables 0 0 700,700 700,700 Receivables from parent and affiliates 0 155,845 0 155,845 Subtotal excluding separate account assets 65,798 22,097,356 1,284,978 (5,579,018) 17,869,114 Separate account assets(4)(5) 57,072 132,182,938 0 132,240,010 Total assets $ 122,870 $ 154,280,294 $ 1,284,978 $ (5,579,018) $ 150,109,124 Future policy benefits(6) $ 0 $ 0 $ 6,964,587 $ $ 6,964,587 Policyholders' account balances 0 0 3,260,195 3,260,195 Payables to parent and affiliates 0 11,983,064 0 (11,983,064) 0 Other liabilities 62,160 6,065 0 (4,491) 63,734 Total liabilities $ 62,160 $ 11,989,129 $ 10,224,782 $ (11,987,555) $ 10,288,516 December 31, 2021 Level 1 Level 2 Level 3 Netting(1) Total (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 333,940 $ 0 $ $ 333,940 Obligations of U.S. states and their political subdivisions 0 630,521 0 630,521 Foreign government bonds 0 350,321 150 350,471 U.S. corporate public securities 0 5,131,872 0 5,131,872 U.S. corporate private securities 0 1,873,370 131,505 2,004,875 Foreign corporate public securities 0 921,008 8,894 929,902 Foreign corporate private securities 0 2,508,676 245,235 2,753,911 Asset-backed securities(2) 0 484,861 62,449 547,310 Commercial mortgage-backed securities 0 463,689 111,495 575,184 Residential mortgage-backed securities 0 20,180 0 20,180 Subtotal 0 12,718,438 559,728 13,278,166 Fixed maturities, trading 0 3,302,392 0 3,302,392 Equity securities 58,160 40,635 12,472 111,267 Short-term investments 9,997 135,440 0 145,437 Cash equivalents 13,999 422,633 0 436,632 Other invested assets(3) 246,097 6,840,437 0 (6,818,009) 268,525 Other assets 0 0 72,937 72,937 Reinsurance recoverables 0 0 931,207 931,207 Receivables from parent and affiliates 0 162,045 0 162,045 Subtotal excluding separate account assets 328,253 23,622,020 1,576,344 (6,818,009) 18,708,608 Separate account assets(4)(5) 52,100 144,059,558 0 144,111,658 Total assets $ 380,353 $ 167,681,578 $ 1,576,344 $ (6,818,009) $ 162,820,266 Future policy benefits(6) $ 0 $ 0 $ 9,047,956 $ $ 9,047,956 Policyholders' account balances 0 0 3,245,773 3,245,773 Payables to parent and affiliates 0 12,563,253 0 (12,563,253) 0 Other liabilities 10,730 12,624 0 (4,829) 18,525 Total liabilities $ 10,730 $ 12,575,877 $ 12,293,729 $ (12,568,082) $ 12,312,254 (1) “Netting” amounts represent cash collateral of $(6,409) million and $(5,750) million as of March 31, 2022 and December 31, 2021, respectively. (2) Includes credit-tranched securities collateralized by syndicated bank loans, sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (3) Other invested assets excluded from the fair value hierarchy include certain hedge funds, private equity funds and other funds for which fair value is measured at net asset value ("NAV") per share (or its equivalent) as a practical expedient. As of both March 31, 2022 and December 31, 2021, the fair values of such investments were $79 million. (4) Separate account assets represent segregated funds that are invested for certain customers. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company's Unaudited Interim Consolidated Statements of Financial Position. (5) Separate account assets included in the fair value hierarchy exclude investments in entities that calculate NAV per share (or its equivalent) as a practical expedient. Such investments excluded from the fair value hierarchy include investments in real estate, hedge funds and a corporate owned life insurance fund, for which fair value is measured at NAV per share (or its equivalent). At March 31, 2022 and December 31, 2021, the fair value of such investments was $5,441 million and $5,686 million, respectively. (6) As of March 31, 2022, the net embedded derivative liability position of $6,965 million includes $634 million of embedded derivatives in an asset position and $7,599 million of embedded derivatives in a liability position. As of December 31, 2021, the net embedded derivative liability position of $9,048 million includes $610 million of embedded derivatives in an asset position and $9,658 million of embedded derivatives in a liability position.
Fair Value Inputs, Assets and Liabilities, Quantitative Information	The tables below present quantitative information on significant internally-priced Level 3 assets and liabilities. March 31, 2022 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Average Impact of (in thousands) Assets: Corporate securities(2) $ 311,136 Discounted cash flow Discount rate 2.52 % 20 % 4.86 % Decrease Market Comparables EBITDA multiples(3) 2.2 X 13.2 X 7.5 X Increase Liquidation Liquidation value 62.58 % 62.58 % 62.58 % Increase Reinsurance recoverables $ 700,700 Fair values are determined using the same unobservable inputs as future policy benefits. Liabilities: Future policy benefits(4) $ 6,964,587 Discounted cash flow Lapse rate(6) 1 % 20 % Decrease Spread over LIBOR(7) 0.20 % 1.52 % Decrease Utilization rate(8) 39 % 96 % Increase Withdrawal rate See table footnote (9) below. Mortality rate(10) 0 % 15 % Decrease Equity volatility curve 18 % 26 % Increase Policyholders' account balances(5) $ 3,260,195 Discounted cash flow Lapse rate(6) 1 % 42 % Decrease Spread over LIBOR(7) 0.20 % 1.52 % Decrease Mortality rate(10) 0 % 23 % Decrease Equity volatility curve 6 % 33 % Increase December 31, 2021 Fair Value Valuation Unobservable Minimum Maximum Weighted Impact of (in thousands) Assets: Corporate securities(2) $ 312,139 Discounted cash flow Discount rate 1.65 % 20 % 4.57 % Decrease Market Comparables EBITDA multiples(3) 4.9X 19.2X 9.0X Increase Liquidation Liquidation value 62.58 % 62.58 % 62.58 % Increase Reinsurance recoverables $ 931,207 Fair values are determined using the same unobservable inputs as future policy benefits. Liabilities: Future policy benefits(4) $ 9,047,956 Discounted cash flow Lapse rate(6) 1 % 20 % Decrease Spread over LIBOR(7) 0.03 % 1.13 % Decrease Utilization rate(8) 39 % 96 % Increase Withdrawal rate See table footnote (9) below. Mortality rate(10) 0 % 15 % Decrease Equity volatility curve 16 % 25 % Increase Policyholders' account balances(5) $ 3,245,773 Discounted cash flow Lapse rate(6) 1 % 42 % Decrease Spread over LIBOR(7) 0.03 % 1.13 % Decrease Mortality rate(10) 0 % 23 % Decrease Equity volatility curve 6 % 31 % Increase (1) Conversely, the impact of a decrease in input would have the opposite impact on fair value as that presented in the table. (2) Includes assets classified as fixed maturities, available-for-sale and fixed maturities trading. (3) Represents multiples of earnings before interest, taxes, depreciation and amortization ("EBITDA"), and are amounts used when the Company has determined that market participants would use such multiples when valuing the investments. (4) Future policy benefits primarily represent general account liabilities for the living benefit features of the Company’s variable annuity contracts which are accounted for as embedded derivatives. Since the valuation methodology for these liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (5) Policyholders’ account balances primarily represent general account liabilities for the index-linked interest credited on certain of the Company’s life and annuity products that are accounted for as embedded derivatives. Since the valuation methodology for these liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than a weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (6) Lapse rates for contracts with living benefit guarantees are adjusted at the contract level based on the in-the-moneyness of the living benefit and reflect other factors, such as the applicability of any surrender charges. Lapse rates are reduced when contracts are more in-the-money. Lapse rates for contracts with index-linked crediting guarantees may be adjusted at the contract level based on the applicability of any surrender charges, product type, and market related factors such as interest rates. Lapse rates are also generally assumed to be lower for the period where surrender charges apply. For any given contract, lapse rates vary throughout the period over which cash flows are projected for the purposes of valuing these embedded derivatives. (7) The spread over the London Inter-Bank Offered Rate ("LIBOR") swap curve represents the premium added to the proxy for the risk-free rate (LIBOR) to reflect the Company's estimates of rates that a market participant would use to value the living benefits in both the accumulation and payout phases and index-linked interest crediting guarantees. This spread includes an estimate of NPR, which is the risk that the obligation will not be fulfilled by the Company. NPR is primarily estimated by utilizing the credit spreads associated with issuing funding agreements, adjusted for any illiquidity risk premium. In order to reflect the financial strength ratings of the Company, credit spreads associated with funding agreements, as opposed to credit spread associated with debt, are utilized in developing this estimate because funding agreements, living benefit guarantees, and index-linked interest crediting guarantees are insurance liabilities and are therefore senior to debt. (8) The utilization rate assumption estimates the percentage of contracts that will utilize the benefit during the contract duration and begin lifetime withdrawals at various time intervals from contract inception. The remaining contractholders are assumed to either begin lifetime withdrawals immediately or never utilize the benefit. Utilization assumptions may vary by product type, tax status and age. The impact of changes in these assumptions is highly dependent on the product type, the age of the contractholder at the time of the sale, and the timing of the first lifetime income withdrawal. Range reflects the utilization rate for the vast majority of business with living benefits. (9) The withdrawal rate assumption estimates the magnitude of annual contractholder withdrawals relative to the maximum allowable amount under the contract. These assumptions vary based on the age of the contractholder, the tax status of the contract and the duration since the contractholder began lifetime withdrawals. As of March 31, 2022 and December 31, 2021, the minimum withdrawal rate assumption is 76% and the maximum withdrawal rate assumption may be greater than 100%. The fair value of the liability will generally increase the closer the withdrawal rate is to 100% and decrease as the withdrawal rate moves further away from 100%. (10) The range reflects the mortality rates for the vast majority of business with living benefits and other contracts, with policyholders ranging from 45 to 90 years old. While the majority of living benefits have a minimum age requirement, certain other contracts do not have an age restriction. This results in contractholders with mortality rates approaching 0% for certain benefits. Mortality rates may vary by product, age, and duration. A mortality improvement assumption is also incorporated into the overall mortality table.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables describe changes in fair values of Level 3 assets and liabilities as of the dates indicated, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets and liabilities still held at the end of their respective periods. When a determination is made to classify assets and liabilities within Level 3, the determination is based on significance of the unobservable inputs in the overall fair value measurement. All transfers are based on changes in the observability of the valuation inputs, including the availability of pricing service information that the Company can validate. Transfers into Level 3 are generally the result of unobservable inputs utilized within valuation methodologies and the use of indicative broker quotes for assets that were previously valued using observable inputs. Transfers out of Level 3 are generally due to the use of observable inputs in valuation methodologies as well as the availability of pricing service information for certain assets that the Company can validate. Three Months Ended March 31, 2022 Fair Value, beginning of period Total realized and unrealized gains (losses)(1) Purchases Sales Issuances Settlements Other(2) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(3) (in thousands) Fixed maturities, available-for-sale: U.S. government $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Foreign government 150 (10) 0 0 0 0 0 0 0 140 (10) Corporate securities(4) 385,634 (36,375) 49,410 (1,171) 0 (12,140) 0 0 0 385,358 (36,465) Structured securities(5) 173,944 (11,976) 0 0 0 (502) 0 0 (49,350) 112,116 (11,975) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 0 0 0 0 Equity securities 12,472 (1,009) 0 0 0 0 0 0 0 11,463 (1,009) Other assets 72,937 (3,714) 7,816 0 0 (1,838) 0 0 0 75,201 (1,877) Reinsurance recoverables 931,207 (265,808) 35,301 0 0 0 0 0 0 700,700 (257,911) Liabilities: Future policy benefits (9,047,956) 2,346,387 0 0 (263,018) 0 0 0 0 (6,964,587) 2,259,260 Policyholders' account balances(6) (3,245,773) (100,653) 0 0 (152,791) 0 239,022 0 0 (3,260,195) (70,214) Three Months Ended March 31, 2022 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(3) Realized investment gains (losses), net(1) Other income (loss) Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Included in other comprehensive income (loss) (in thousands) Fixed maturities, available-for-sale $ (14,903) $ 0 $ (33,841) $ 383 $ (15,011) $ 0 $ (33,439) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 Equity securities 0 (1,009) 0 0 0 (1,009) 0 Other assets (3,714) 0 0 0 (1,877) 0 0 Reinsurance recoverables (265,808) 0 0 0 (257,911) 0 0 Liabilities: Future policy benefits 2,346,387 0 0 0 2,259,260 0 0 Policyholders' account balances (100,653) 0 0 0 (70,214) 0 0 Three Months Ended March 31, 2021 Fair Value, beginning of period Total realized and unrealized gains (losses)(1) Purchases Sales Issuances Settlements Other Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(3) (in thousands) Fixed maturities, available-for-sale: U.S. government $ 55,000 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 55,000 $ 0 Foreign government 163 (6) 0 0 0 0 0 0 0 157 (6) Corporate securities(4) 174,776 (12,082) 2,319 0 0 (2,165) 0 2,643 0 165,491 (12,101) Structured securities(5) 2,065 (15) 500 0 0 (416) 0 0 0 2,134 (14) Other assets: Fixed maturities, trading 755 12 0 0 0 0 0 0 0 767 12 Equity securities 7,889 (211) 0 0 0 0 0 0 0 7,678 (211) Other assets 0 0 0 0 0 0 0 0 0 0 0 Reinsurance recoverables 13,239,539 (6,069,909) 278,233 0 0 0 0 0 0 7,447,863 (5,914,192) Liabilities: Future policy benefits (13,227,814) 6,068,982 0 0 (276,249) 0 0 0 0 (7,435,081) 5,913,265 Policyholders' account balances(6) (1,155,274) 110,257 0 0 0 13,492 0 0 0 (1,031,525) 128,490 Three Months Ended March 31, 2021 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(3) Realized investment gains (losses), net(1) Other income (loss) Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Included in other comprehensive income (loss) (in thousands) Fixed maturities, available-for-sale $ (508) $ 0 $ (11,618) $ 23 $ (500) $ 0 $ (11,621) Other assets: Fixed maturities, trading 0 12 0 0 0 12 0 Equity securities 0 (211) 0 0 0 (211) 0 Other assets 0 0 0 0 0 0 0 Reinsurance recoverables (6,069,909) 0 0 0 (5,914,192) 0 0 Liabilities: Future policy benefits 6,068,982 0 0 0 5,913,265 0 0 Policyholders' account balances 110,257 0 0 0 128,490 0 0 (1) Realized investment gains (losses) on future policy benefits and reinsurance recoverables primarily represent the change in the fair value of the Company's living benefit guarantees on certain of its variable annuity contracts. (2) Other represents an out of period adjustment related to certain portions of reinsurance activity that had been incorrectly recorded on the balance sheet during the fourth quarter of 2021. (3) Unrealized gains or losses related to assets still held at the end of the period do not include amortization or accretion of premiums and discounts. (4) Includes U.S. corporate public, U.S. corporate private, foreign corporate public and foreign corporate private securities and foreign government bonds. (5) Includes asset-backed and commercial mortgage-backed securities. (6) Issuances and settlements for Policyholders' account balances are presented net in the rollforward.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables describe changes in fair values of Level 3 assets and liabilities as of the dates indicated, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets and liabilities still held at the end of their respective periods. When a determination is made to classify assets and liabilities within Level 3, the determination is based on significance of the unobservable inputs in the overall fair value measurement. All transfers are based on changes in the observability of the valuation inputs, including the availability of pricing service information that the Company can validate. Transfers into Level 3 are generally the result of unobservable inputs utilized within valuation methodologies and the use of indicative broker quotes for assets that were previously valued using observable inputs. Transfers out of Level 3 are generally due to the use of observable inputs in valuation methodologies as well as the availability of pricing service information for certain assets that the Company can validate. Three Months Ended March 31, 2022 Fair Value, beginning of period Total realized and unrealized gains (losses)(1) Purchases Sales Issuances Settlements Other(2) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(3) (in thousands) Fixed maturities, available-for-sale: U.S. government $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Foreign government 150 (10) 0 0 0 0 0 0 0 140 (10) Corporate securities(4) 385,634 (36,375) 49,410 (1,171) 0 (12,140) 0 0 0 385,358 (36,465) Structured securities(5) 173,944 (11,976) 0 0 0 (502) 0 0 (49,350) 112,116 (11,975) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 0 0 0 0 Equity securities 12,472 (1,009) 0 0 0 0 0 0 0 11,463 (1,009) Other assets 72,937 (3,714) 7,816 0 0 (1,838) 0 0 0 75,201 (1,877) Reinsurance recoverables 931,207 (265,808) 35,301 0 0 0 0 0 0 700,700 (257,911) Liabilities: Future policy benefits (9,047,956) 2,346,387 0 0 (263,018) 0 0 0 0 (6,964,587) 2,259,260 Policyholders' account balances(6) (3,245,773) (100,653) 0 0 (152,791) 0 239,022 0 0 (3,260,195) (70,214) Three Months Ended March 31, 2022 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(3) Realized investment gains (losses), net(1) Other income (loss) Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Included in other comprehensive income (loss) (in thousands) Fixed maturities, available-for-sale $ (14,903) $ 0 $ (33,841) $ 383 $ (15,011) $ 0 $ (33,439) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 Equity securities 0 (1,009) 0 0 0 (1,009) 0 Other assets (3,714) 0 0 0 (1,877) 0 0 Reinsurance recoverables (265,808) 0 0 0 (257,911) 0 0 Liabilities: Future policy benefits 2,346,387 0 0 0 2,259,260 0 0 Policyholders' account balances (100,653) 0 0 0 (70,214) 0 0 Three Months Ended March 31, 2021 Fair Value, beginning of period Total realized and unrealized gains (losses)(1) Purchases Sales Issuances Settlements Other Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(3) (in thousands) Fixed maturities, available-for-sale: U.S. government $ 55,000 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 55,000 $ 0 Foreign government 163 (6) 0 0 0 0 0 0 0 157 (6) Corporate securities(4) 174,776 (12,082) 2,319 0 0 (2,165) 0 2,643 0 165,491 (12,101) Structured securities(5) 2,065 (15) 500 0 0 (416) 0 0 0 2,134 (14) Other assets: Fixed maturities, trading 755 12 0 0 0 0 0 0 0 767 12 Equity securities 7,889 (211) 0 0 0 0 0 0 0 7,678 (211) Other assets 0 0 0 0 0 0 0 0 0 0 0 Reinsurance recoverables 13,239,539 (6,069,909) 278,233 0 0 0 0 0 0 7,447,863 (5,914,192) Liabilities: Future policy benefits (13,227,814) 6,068,982 0 0 (276,249) 0 0 0 0 (7,435,081) 5,913,265 Policyholders' account balances(6) (1,155,274) 110,257 0 0 0 13,492 0 0 0 (1,031,525) 128,490 Three Months Ended March 31, 2021 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(3) Realized investment gains (losses), net(1) Other income (loss) Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Included in other comprehensive income (loss) (in thousands) Fixed maturities, available-for-sale $ (508) $ 0 $ (11,618) $ 23 $ (500) $ 0 $ (11,621) Other assets: Fixed maturities, trading 0 12 0 0 0 12 0 Equity securities 0 (211) 0 0 0 (211) 0 Other assets 0 0 0 0 0 0 0 Reinsurance recoverables (6,069,909) 0 0 0 (5,914,192) 0 0 Liabilities: Future policy benefits 6,068,982 0 0 0 5,913,265 0 0 Policyholders' account balances 110,257 0 0 0 128,490 0 0 (1) Realized investment gains (losses) on future policy benefits and reinsurance recoverables primarily represent the change in the fair value of the Company's living benefit guarantees on certain of its variable annuity contracts. (2) Other represents an out of period adjustment related to certain portions of reinsurance activity that had been incorrectly recorded on the balance sheet during the fourth quarter of 2021. (3) Unrealized gains or losses related to assets still held at the end of the period do not include amortization or accretion of premiums and discounts. (4) Includes U.S. corporate public, U.S. corporate private, foreign corporate public and foreign corporate private securities and foreign government bonds. (5) Includes asset-backed and commercial mortgage-backed securities. (6) Issuances and settlements for Policyholders' account balances are presented net in the rollforward.
Fair Value Disclosure Financial Instruments Not Carried at Fair Value	The table below presents the carrying amount and fair value by fair value hierarchy level of certain financial instruments that are not reported at fair value. The financial instruments presented below are reported at carrying value on the Company’s Unaudited Interim Consolidated Statements of Financial Position. In some cases, as described below, the carrying amount equals or approximates fair value. March 31, 2022 Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in thousands) Assets: Commercial mortgage and other loans $ 0 $ 0 $ 2,877,680 $ 2,877,680 $ 2,977,138 Policy loans 0 0 476,038 476,038 476,038 Short-term investments 19,000 0 0 19,000 19,000 Cash and cash equivalents 575,408 300,000 0 875,408 875,408 Accrued investment income 0 138,781 0 138,781 138,781 Reinsurance recoverables 0 0 27,530 27,530 28,317 Receivables from parent and affiliates 0 203,374 0 203,374 203,374 Other assets 0 24,635 438,430 463,065 463,065 Total assets $ 594,408 $ 666,790 $ 3,819,678 $ 5,080,876 $ 5,181,121 Liabilities: Policyholders’ account balances - investment contracts $ 0 $ 1,323,368 $ 2,580,895 $ 3,904,263 $ 3,912,340 Cash collateral for loaned securities 0 2,696 0 2,696 2,696 Long-term debt to affiliates 0 307,832 0 307,832 318,088 Payables to parent and affiliates 0 132,405 0 132,405 132,405 Other liabilities 0 874,033 34,091 908,124 908,124 Total liabilities $ 0 $ 2,640,334 $ 2,614,986 $ 5,255,320 $ 5,273,653 December 31, 2021 Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in thousands) Assets: Commercial mortgage and other loans $ 0 $ 0 $ 2,883,710 $ 2,883,710 $ 2,832,560 Policy loans 0 0 1,327,485 1,327,485 1,327,485 Short-term investments 37,000 0 0 37,000 37,000 Cash and cash equivalents 297,299 185,000 0 482,299 482,299 Accrued investment income 0 160,027 0 160,027 160,027 Reinsurance recoverables 0 0 29,931 29,931 28,883 Receivables from parent and affiliates 0 116,086 0 116,086 116,086 Other assets 0 134,598 434,383 568,981 568,981 Total assets $ 334,299 $ 595,711 $ 4,675,509 $ 5,605,519 $ 5,553,321 Liabilities: Policyholders’ account balances - investment contracts $ 0 $ 1,356,850 $ 2,590,487 $ 3,947,337 $ 3,941,822 Cash collateral for loaned securities 0 3,004 0 3,004 3,004 Long-term debt to affiliates 0 319,225 0 319,225 320,362 Payables to parent and affiliates 0 31,775 0 31,775 31,775 Other liabilities 0 864,788 34,091 898,879 898,879 Total liabilities $ 0 $ 2,575,642 $ 2,624,578 $ 5,200,220 $ 5,195,842 (1) Carrying values presented herein differ from those in the Company’s Unaudited Interim Consolidated Statements of Financial Position because certain items within the respective financial statement captions are not considered financial instruments or out of scope under authoritative guidance relating to disclosures of the fair value of financial instruments.

Reinsurance (Tables)

Reinsurance (Tables)	3 Months Ended
	Mar. 31, 2022
Reinsurance Disclosures [Abstract]
Reinsurance Impact on Statements of Financial Position	Reinsurance amounts included in the Company’s Unaudited Interim Consolidated Statements of Financial Position as of March 31, 2022 and December 31, 2021 were as follows: March 31, 2022 December 31, 2021 (in thousands) Reinsurance recoverables $ 39,356,117 $ 38,598,767 Policy loans (1,007,594) (156,749) Deferred policy acquisition costs (3,165,747) (2,575,232) Deferred sales inducements (34,616) (37,905) Other assets(1) 343,537 353,669 Policyholders’ account balances 12,020,327 12,005,839 Future policy benefits(2) 5,078,000 5,286,252 Other liabilities(3) 2,265,328 1,224,399 (1) Includes $0.0 million of unaffiliated activity as of both March 31, 2022 and December 31, 2021. (2) Includes $0.1 million and $0.0 million of unaffiliated activity as of March 31, 2022 and December 31, 2021, respectively.
Reinsurance Recoverable by Counterparty	Reinsurance recoverables by counterparty are broken out below: March 31, 2022 December 31, 2021 (in thousands) PAR U $ 13,216,951 $ 13,523,832 PALAC 6,967,660 7,198,504 PURC 5,728,576 5,830,441 PARCC 2,336,813 2,371,491 GUL Re 2,649,984 2,710,926 PAR Term 1,976,337 1,972,339 Prudential Insurance 1,616,373 2,082,551 Term Re 1,990,432 1,953,063 Lotus Re 1,963,819 32,039 DART 674,933 644,101 Unaffiliated 234,239 279,480 Total reinsurance recoverables $ 39,356,117 $ 38,598,767
Reinsurance Impact on Statements of Operations and Comprehensive Income (Loss)	Reinsurance amounts, included in the Company’s Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss) for the three months ended March 31, were as follows: Three Months Ended March 31, 2022 2021 (in thousands) Premiums: Direct $ 473,928 $ 486,877 Assumed(1) 1,397 43 Ceded(2) (401,080) (442,515) Net premiums 74,245 44,405 Policy charges and fee income: Direct 902,324 909,889 Assumed 150,821 140,113 Ceded(3) (861,583) (898,137) Net policy charges and fee income 191,562 151,865 Net investment income: Direct 195,511 100,395 Assumed 453 359 Ceded (16,664) (1,887) Net investment income 179,300 98,867 Asset administration fees: Direct 97,457 96,614 Assumed 0 0 Ceded (18,225) (90,403) Net asset administration fees 79,232 6,211 Other income (loss): Direct (348,688) 17,100 Assumed(4) 39 (73) Ceded (378) 65 Amortization of reinsurance income 21,423 1,152 Net Other income (loss) (327,604) 18,244 Realized investment gains (losses), net: Direct 1,260,511 6,157,747 Assumed (225,262) 0 Ceded(5) (251,142) (6,081,139) Realized investment gains (losses), net 784,107 76,608 Policyholders’ benefits (including change in reserves): Direct 905,137 997,824 Assumed(6) 238,667 191,805 Ceded(7) (924,040) (1,095,716) Net policyholders’ benefits (including change in reserves) 219,764 93,913 Interest credited to policyholders’ account balances: Direct 202,026 179,435 Assumed 72,502 32,986 Ceded (111,002) (156,251) Net interest credited to policyholders’ account balances 163,526 56,170 Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization (135,852) (468,435) (1) Includes $0.0 million of unaffiliated activity for both the three months ended March 31, 2022 and 2021. (2) Includes $(7) million of unaffiliated activity for both the three months ended March 31, 2022 and 2021. (3) Includes $(18) million and $(14) million of unaffiliated activity for the three months ended March 31, 2022 and 2021, respectively. (4) Includes $0.0 million of unaffiliated activity for both the three months ended March 31, 2022 and 2021. (5) Includes $(37) million and $(141) million of unaffiliated activity for the three months ended March 31, 2022 and 2021, respectively. (6) Includes $0.1 million of unaffiliated activity for both the three months ended March 31, 2022 and 2021, respectively. (7) Includes $(20) million and $(81) million of unaffiliated activity for the three months ended March 31, 2022 and 2021, respectively.
Gross and Net Life Insurance in Force	The gross and net amounts of life insurance face amount in force as of March 31, 2022 and 2021 were as follows: 2022 2021 (in thousands) Direct gross life insurance face amount in force $ 1,085,450,111 $ 1,057,019,880 Assumed gross life insurance face amount in force 37,528,980 38,553,587 Reinsurance ceded (998,722,883) (988,006,377) Net life insurance face amount in force $ 124,256,208 $ 107,567,090

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	The balance of and changes in each component of AOCI as of and for the three months ended March 31, 2022 and 2021, are as follows: Accumulated Other Comprehensive Income (Loss) Foreign Net Unrealized Total Accumulated (in thousands) Balance, December 31, 2021 $ (11,274) $ 358,709 $ 347,435 Change in OCI before reclassifications (1,670) (1,038,929) (1,040,599) Amounts reclassified from AOCI 0 22,931 22,931 Income tax benefit (expense) 146 213,312 213,458 Balance, March 31, 2022 $ (12,798) $ (443,977) $ (456,775) Accumulated Other Comprehensive Income (Loss) Foreign Net Unrealized Total Accumulated (in thousands) Balance, December 31, 2020 $ (7,797) $ 553,925 $ 546,128 Change in OCI before reclassifications (5,205) (348,914) (354,119) Amounts reclassified from AOCI 0 (1,288) (1,288) Income tax benefit (expense) 192 73,539 73,731 Balance, March 31, 2021 $ (12,810) $ 277,262 $ 264,452 (1) Includes cash flow hedges of $53 million and $40 million as of March 31, 2022 and December 31, 2021, respectively, and $(3) million and $(8) million as of March 31, 2021 and December 31, 2020, respectively .
Reclassification out of Accumulated Other Comprehensive Income	Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended 2022 2021 (in thousands) Amounts reclassified from AOCI (1)(2): Net unrealized investment gains (losses): Cash flow hedges - Currency/Interest rate(3) $ 13,790 $ 4,026 Net unrealized investment gains (losses) on available-for-sale securities (36,721) (2,738) Total net unrealized investment gains (losses)(4) (22,931) 1,288 Total reclassifications for the period $ (22,931) $ 1,288 (1) All amounts are shown before tax. (2) Positive amounts indicate gains/benefits reclassified out of AOCI. Negative amounts indicate losses/costs reclassified out of AOCI. (3) See Note 4 for additional information on cash flow hedges.
Net Unrealized Investment Gains (Losses) on AFS Fixed Maturity Securities wit Allowance for credit losses and All Other Investments AOCI Rollforward	The amounts for the periods indicated below, split between amounts related to net unrealized investment gains (losses) on available-for-sale fixed maturity securities on which an allowance for credit losses has been recognized, and all other net unrealized investment gains (losses), are as follows: Net Unrealized Gains (Losses) on Investments on Available-for-Sale Fixed Maturity Securities on which an allowance for credit losses has been recorded Net Unrealized DAC and Other Costs(2) Future Policy Benefits, Policyholders' Account Balances and Other Liabilities(3) Income Tax Accumulated (in thousands) Balance, December 31, 2021 $ 3,685 $ 582,704 $ 983,085 $ (1,115,484) $ (95,281) $ 358,709 Net investment gains (losses) on investments arising during the period (1,592) (1,133,992) 0 0 238,419 (897,165) Reclassification adjustment for (gains) losses included in net income (34) 22,965 0 0 (4,815) 18,116 Reclassification due to allowance for credit losses recorded during the period 4 (4) 0 0 0 0 Impact of net unrealized investment (gains) losses 0 0 (831,815) 928,470 (20,292) 76,363 Balance, March 31, 2022 $ 2,063 $ (528,327) $ 151,270 $ (187,014) $ 118,031 $ (443,977) (1) Includes cash flow hedges. See Note 4 for information on cash flow hedges. (2) "Other costs" primarily includes reinsurance recoverables and deferred reinsurance losses.

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2022
Related Party Transaction [Line Items]
Affiliated Commercial Mortgage Loan	The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: March 31, 2022 December 31, 2021 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Apartments/Multi-Family $ 806,466 27.0 % $ 748,414 26.4 % Hospitality 47,529 1.7 48,141 1.7 Industrial 994,566 33.3 916,398 32.2 Office 454,299 15.2 445,055 15.7 Other 257,859 8.6 252,590 8.9 Retail 229,353 7.7 255,577 9.0 Total commercial mortgage loans 2,790,072 93.5 2,666,175 93.9 Agricultural property loans 193,512 6.5 172,336 6.1 Total commercial mortgage and agricultural property loans 2,983,584 100.0 % 2,838,511 100.0 % Allowance for credit losses (6,446) (5,951) Total net commercial mortgage and agricultural property loans $ 2,977,138 $ 2,832,560
Affiliated Asset Transfers	The table below shows affiliated asset trades for the three months ended March 31, 2022 and for the year ended December 31, 2021, excluding those related to the 2021 Variable Annuities Recapture effective July 1, 2021, as described in Note 1 to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2021. Affiliate Date Transaction Security Type Fair Value Book Value APIC, Net of Tax Increase/(Decrease) Realized (in thousands) PALAC June 2021 Purchase Equities $ 40,284 $ 40,284 $ 0 $ 0 Prudential Insurance September 2021 Purchase Fixed Maturities $ 64,374 $ 59,642 $ (3,739) $ 0 Prudential Insurance September 2021 Sale Fixed Maturities $ 37,887 $ 35,264 $ 2,073 $ 0 Hirakata LLC September 2021 Purchase Fixed Maturities $ 13,944 $ 13,944 $ 0 $ 0 Prudential Retirement Insurance & Annuity Co September 2021 Purchase Fixed Maturities $ 120,256 $ 120,256 $ 0 $ 0 Prudential Retirement Insurance & Annuity Co September 2021 Sale Fixed Maturities $ 173,590 $ 166,427 $ 0 $ 7,163 Prudential Insurance September 2021 Purchase Commercial Mortgage and Other Loans $ 45,358 $ 42,127 $ (2,553) $ 0 Prudential Insurance September 2021 Sale Commercial Mortgage and Other Loans $ 22,796 $ 21,780 $ 802 $ 0 Prudential Retirement Insurance & Annuity Co September 2021 Purchase Commercial Mortgage and Other Loans $ 29,483 $ 29,483 $ 0 $ 0 Prudential Retirement Insurance & Annuity Co September 2021 Sale Commercial Mortgage and Other Loans $ 51,005 $ 47,020 $ 0 $ 3,985 Prudential Insurance September 2021 Purchase Derivatives $ 600 $ 494 $ (84) $ 0 Prudential Insurance September 2021 Sale Derivatives $ 335 $ 175 $ 127 $ 0 Prudential Retirement Insurance & Annuity Co September 2021 Purchase Derivatives $ (1,243) $ (1,243) $ 0 $ 0 Prudential Retirement Insurance & Annuity Co September 2021 Sale Derivatives $ 2,846 $ 770 $ 0 $ 2,076 Prudential Arizona Reinsurance Universal Co. November 2021 Purchase Fixed Maturities $ 41,021 $ 41,021 $ 0 $ 0 Affiliate Date Transaction Security Type Fair Value Book Value APIC, Net of Tax Increase/(Decrease) Realized (in thousands) PALAC November 2021 Purchase Derivatives $ 1,112 $ 1,112 $ 0 $ 0 PALAC December 2021 Transfer in Fixed Maturities $ 2,037,320 $ 2,037,320 $ 0 $ 0 Prudential Universal Reinsurance Co. December 2021 Purchase Fixed Maturities $ 48,041 $ 48,041 $ 0 $ 0 PALAC December 2021 Purchase Fixed Maturities $ 57,087 $ 57,087 $ 0 $ 0 PALAC December 2021 Transfer in Commercial Mortgage and Other Loans $ 517,309 $ 517,309 $ 0 $ 0 Prudential Insurance December 2021 Contributed Capital Fixed Maturities $ 166,676 $ 166,676 $ 0 $ 0 Prudential Retirement Insurance & Annuity Co December 2021 Sale Derivatives $ 31,567 $ 0 $ 0 $ 31,567 Prudential Retirement Insurance & Annuity Co December 2021 Purchase Derivatives $ 73,572 $ 73,572 $ 0 $ 0 PALAC December 2021 Purchase Derivatives $ 8,455 $ 8,455 $ 0 $ 0 PALAC January 2022 Purchase Fixed Maturities $ 4,432 $ 4,432 $ 0 $ 0 PALAC January 2022 Purchase Derivatives $ 404 $ 404 $ 0 $ 0 PALAC February 2022 Purchase Fixed Maturities $ 128,909 $ 128,909 $ 0 $ 0
Affiliated Entity
Related Party Transaction [Line Items]
Affiliated Notes Receivable	Affiliated notes receivable included in “Receivables from parent and affiliates” at March 31, 2022 and December 31, 2021 were as follows: Maturity Dates Interest Rates March 31, 2022 December 31, 2021 (in thousands) U.S. dollar fixed rate notes 2023 - 2027 0.00% - 14.85 % $ 155,845 $ 162,045 Total notes receivable - affiliated(1) $ 155,845 $ 162,045 (1) All notes receivable may be called for prepayment prior to the respective maturity dates under specified circumstances.
Affiliated Commercial Mortgage Loan	The affiliated commercial mortgage loan included in "Commercial mortgage and other loans" at March 31, 2022 and December 31, 2021 were as follows: Maturity Date Interest Rate March 31, 2022 December 31, 2021 (in thousands) Affiliated Commercial Mortgage Loan 2025 4.78% $ 73,115 $ 73,412
Debt Agreements	The following table provides the breakout of the Company's short and long-term debt to affiliates as of March 31, 2022 and December 31, 2021: Affiliate Date Amount of Notes - March 31, 2022 Amount of Notes - December 31, 2021 Interest Rate Date of Maturity (in thousands) Prudential Insurance 8/13/2021 $ 98,997 $ 99,770 4.39 % 12/15/2023 Prudential Insurance 8/13/2021 29,699 29,931 4.39 % 12/15/2023 Prudential Insurance 8/13/2021 99,680 100,348 3.95 % 6/20/2024 Prudential Insurance 8/13/2021 39,872 40,139 3.95 % 6/20/2024 Prudential Insurance 8/13/2021 49,840 50,174 3.95 % 6/20/2024 Total Loans Payable to Affiliates $ 318,088 $ 320,362

Business and Basis of Present_2

Business and Basis of Presentation (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)subsidiary	Mar. 31, 2021USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number Of Subsidiaries | subsidiary	1
Realized investment gains (losses), net	$ 784,107	$ 76,608
Income (loss) from operations before income taxes and equity in earnings of operating joint venture	(29,692)	$ 58,081
Out of period adjustment
Realized investment gains (losses), net	48,000
Income (loss) from operations before income taxes and equity in earnings of operating joint venture	$ 48,000

Investments (Fixed Maturities S

Investments (Fixed Maturities Securities Excluding Investments Classified as Trading) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 13,620,095	$ 12,737,749
Allowance for Credit Losses	20,725	4,149
Fair Value	13,024,865	13,278,166
Fixed maturities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	13,620,095	12,737,749
Gross Unrealized Gain	185,680	658,544
Gross Unrealized Losses	760,185	113,978
Allowance for Credit Losses	20,725	4,149
Fair Value	13,024,865	13,278,166
Fixed maturities | Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	50,525	18,684
Gross Unrealized Gain	727	1,501
Gross Unrealized Losses	1,402	5
Allowance for Credit Losses	0	0
Fair Value	49,850	20,180
Fixed maturities | US Treasury securities and obligations of U.S. government authorities and agencies
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	302,835	303,040
Gross Unrealized Gain	1,239	31,011
Gross Unrealized Losses	7,071	111
Allowance for Credit Losses	0	0
Fair Value	297,003	333,940
Fixed maturities | Obligations of U.S. states and their political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	604,286	584,244
Gross Unrealized Gain	17,194	46,978
Gross Unrealized Losses	12,308	701
Allowance for Credit Losses	0	0
Fair Value	609,172	630,521
Fixed maturities | Foreign government bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	333,824	324,454
Gross Unrealized Gain	10,697	29,299
Gross Unrealized Losses	17,993	3,271
Allowance for Credit Losses	399	11
Fair Value	326,129	350,471
Fixed maturities | U.S. public corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	4,973,499	4,794,878
Gross Unrealized Gain	115,899	366,764
Gross Unrealized Losses	316,620	29,770
Allowance for Credit Losses	0	0
Fair Value	4,772,778	5,131,872
Fixed maturities | U.S. private corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,136,230	1,964,767
Gross Unrealized Gain	15,758	59,037
Gross Unrealized Losses	100,031	16,880
Allowance for Credit Losses	2,482	2,049
Fair Value	2,049,475	2,004,875
Fixed maturities | Foreign public corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	994,201	906,031
Gross Unrealized Gain	8,921	34,234
Gross Unrealized Losses	68,260	10,363
Allowance for Credit Losses	1,177	0
Fair Value	933,685	929,902
Fixed maturities | Foreign private corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,001,495	2,741,449
Gross Unrealized Gain	8,711	62,932
Gross Unrealized Losses	204,953	48,381
Allowance for Credit Losses	16,667	2,089
Fair Value	2,788,586	2,753,911
Fixed maturities | Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	624,560	547,549
Gross Unrealized Gain	486	860
Gross Unrealized Losses	7,251	1,099
Allowance for Credit Losses	0	0
Fair Value	617,795	547,310
Fixed maturities | Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	598,640	552,653
Gross Unrealized Gain	6,048	25,928
Gross Unrealized Losses	24,296	3,397
Allowance for Credit Losses	0	0
Fair Value	$ 580,392	$ 575,184

Investments (Fair Value and Los

Investments (Fair Value and Losses by Investment Category and Length of Time in a Loss Position) (Details) - Fixed maturities - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	$ 8,980,390	$ 5,052,071
Less than Twelve Months, Gross Unrealized Losses	683,985	94,096
Twelve Months or More, Fair Value	448,518	333,294
Twelve Months or More, Gross Unrealized Losses	75,391	19,435
Total, Fair Value	9,428,908	5,385,365
Total, Gross Unrealized Losses	759,376	113,531
US Treasury securities and obligations of U.S. government authorities and agencies
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	275,075	0
Less than Twelve Months, Gross Unrealized Losses	6,836	0
Twelve Months or More, Fair Value	1,983	2,119
Twelve Months or More, Gross Unrealized Losses	235	111
Total, Fair Value	277,058	2,119
Total, Gross Unrealized Losses	7,071	111
Obligations of U.S. states and their political subdivisions
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	141,153	104,621
Less than Twelve Months, Gross Unrealized Losses	12,308	701
Twelve Months or More, Fair Value	0	0
Twelve Months or More, Gross Unrealized Losses	0	0
Total, Fair Value	141,153	104,621
Total, Gross Unrealized Losses	12,308	701
Foreign government bonds
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	178,805	59,550
Less than Twelve Months, Gross Unrealized Losses	12,942	2,826
Twelve Months or More, Fair Value	27,715	6,473
Twelve Months or More, Gross Unrealized Losses	5,051	371
Total, Fair Value	206,520	66,023
Total, Gross Unrealized Losses	17,993	3,197
U.S. public corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	2,921,652	1,681,201
Less than Twelve Months, Gross Unrealized Losses	278,141	23,160
Twelve Months or More, Fair Value	201,571	180,249
Twelve Months or More, Gross Unrealized Losses	38,479	6,610
Total, Fair Value	3,123,223	1,861,450
Total, Gross Unrealized Losses	316,620	29,770
U.S. private corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	1,451,948	972,796
Less than Twelve Months, Gross Unrealized Losses	95,558	14,036
Twelve Months or More, Fair Value	23,847	16,409
Twelve Months or More, Gross Unrealized Losses	4,473	2,844
Total, Fair Value	1,475,795	989,205
Total, Gross Unrealized Losses	100,031	16,880
Foreign public corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	697,013	532,445
Less than Twelve Months, Gross Unrealized Losses	56,679	8,255
Twelve Months or More, Fair Value	79,629	29,718
Twelve Months or More, Gross Unrealized Losses	10,775	2,108
Total, Fair Value	776,642	562,163
Total, Gross Unrealized Losses	67,454	10,363
Foreign private corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	2,394,846	1,253,739
Less than Twelve Months, Gross Unrealized Losses	194,856	42,392
Twelve Months or More, Fair Value	57,609	57,637
Twelve Months or More, Gross Unrealized Losses	10,094	5,616
Total, Fair Value	2,452,455	1,311,376
Total, Gross Unrealized Losses	204,950	48,008
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	575,329	288,971
Less than Twelve Months, Gross Unrealized Losses	7,199	1,099
Twelve Months or More, Fair Value	6,750	0
Twelve Months or More, Gross Unrealized Losses	52	0
Total, Fair Value	582,079	288,971
Total, Gross Unrealized Losses	7,251	1,099
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	305,947	157,355
Less than Twelve Months, Gross Unrealized Losses	18,064	1,622
Twelve Months or More, Fair Value	49,414	40,689
Twelve Months or More, Gross Unrealized Losses	6,232	1,775
Total, Fair Value	355,361	198,044
Total, Gross Unrealized Losses	24,296	3,397
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	38,622	1,393
Less than Twelve Months, Gross Unrealized Losses	1,402	5
Twelve Months or More, Fair Value	0	0
Twelve Months or More, Gross Unrealized Losses	0	0
Total, Fair Value	38,622	1,393
Total, Gross Unrealized Losses	$ 1,402	$ 5

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Schedule of Investments [Line Items]
Loans acquired	$ 0	$ 0
Loans Sold	0	0
Fixed Maturity Purchased with Credit Deterioration	0		$ 0
Accrued Investment Income Write Down	0	0
Securities sold under agreements to repurchase	$ 0		$ 0
Commercial mortgage loans, Percentage	100.00%		100.00%
Commercial Mortgage and other loans purchased with Credit Deterioration	$ 0		$ 0
Fixed maturities
Schedule of Investments [Line Items]
Gross Unrealized Losses	759,376		113,531
Twelve Months or More, Gross Unrealized Losses	75,391		19,435
NAIC high or highest quality rating | Fixed maturities
Schedule of Investments [Line Items]
Gross Unrealized Losses	686,100		95,100
NAIC other than high or highest quality rating | Fixed maturities
Schedule of Investments [Line Items]
Gross Unrealized Losses	$ 73,300		18,400
California
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	24.00%
Texas
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	11.00%
New York
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	6.00%
Europe
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	14.00%
Mexico
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	3.00%
Australia
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	3.00%
Other Income | Fixed maturities | Trading
Schedule of Investments [Line Items]
Unrealized Gain (Loss) on Investments	$ (336,400)	(2,700)
Other Income | Equity securities
Schedule of Investments [Line Items]
Unrealized Gain (Loss) on Investments	(4,100)	$ (500)
Fixed maturities
Schedule of Investments [Line Items]
Twelve Months or More, Gross Unrealized Losses	$ 75,400		$ 19,400

Investments (Amortized Cost and

Investments (Amortized Cost and Fair Value of Fixed Maturities by Contractual Maturities) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Amortized Cost
Due in one year or less	$ 387,461
Due after one year through five years	2,790,499
Due after five years through ten years	3,360,474
Due after ten years	5,807,936
Amortized Cost	13,620,095	$ 12,737,749
Fair Value
Due in one year or less	370,463
Due after one year through five years	2,674,504
Due after five years through ten years	3,117,495
Due after ten years	5,614,366
Fair Value	13,024,865	13,278,166
Asset-backed securities
Amortized Cost
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Amortized Cost	624,560
Fair Value
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value	617,795
Commercial mortgage-backed securities
Amortized Cost
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Amortized Cost	598,640
Fair Value
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value	580,392
Residential mortgage-backed securities
Amortized Cost
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Amortized Cost	50,525
Fair Value
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value	49,850
Fixed maturities
Amortized Cost
Amortized Cost	13,620,095	12,737,749
Fair Value
Fair Value	13,024,865	13,278,166
Fixed maturities | Asset-backed securities
Amortized Cost
Amortized Cost	624,560	547,549
Fair Value
Fair Value	617,795	547,310
Fixed maturities | Commercial mortgage-backed securities
Amortized Cost
Amortized Cost	598,640	552,653
Fair Value
Fair Value	580,392	575,184
Fixed maturities | Residential mortgage-backed securities
Amortized Cost
Amortized Cost	50,525	18,684
Fair Value
Fair Value	$ 49,850	$ 20,180

Investments (Fixed Maturities_2

Investments (Fixed Maturities Securities Proceeds) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Proceeds from maturities/prepayments	$ 397,074	$ 108,725
Fixed maturities | Available-for-sale
Debt Securities, Available-for-sale [Line Items]
Proceeds from Sale of Debt Securities, Available-for-sale	274,429	33,749
Proceeds from maturities/prepayments	120,361	74,085
Gross investment gains from sales and maturities	(706)	352
Gross investment losses from sales and maturities	(19,442)	(2,569)
Write-downs recognized in earnings	3	(2)
(Addition to) release of allowance for credit losses	(16,576)	(519)
Noncash or Part Noncash Divestiture, Amount of Consideration Received	$ 2,300	$ 900

Investments (Credit Losses Reco

Investments (Credit Losses Recognized In Earnings on Fixed Maturity Securities Held by the Company) (Details) - Fixed maturities - Available-for-sale - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	$ 4,149	$ 2,339
Additions to allowance for credit losses not previously recorded	9,587
Reductions for securities sold during the period	(3)	(11)
Addition (reductions) on securities with previous allowance	6,992	530
Balance, end of period	20,725	2,858
US Treasury securities and obligations of U.S. government authorities and agencies
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	0	0
Additions to allowance for credit losses not previously recorded	0
Reductions for securities sold during the period	0	0
Addition (reductions) on securities with previous allowance	0	0
Balance, end of period	0	0
Foreign government bonds
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	11	0
Additions to allowance for credit losses not previously recorded	329
Reductions for securities sold during the period	(3)	0
Addition (reductions) on securities with previous allowance	62	0
Balance, end of period	399	0
U.S. and Foreign Corporate Securities
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	4,138	2,339
Additions to allowance for credit losses not previously recorded	9,258
Reductions for securities sold during the period	0	(11)
Addition (reductions) on securities with previous allowance	6,930	530
Balance, end of period	20,326	2,858
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	0	0
Additions to allowance for credit losses not previously recorded	0
Reductions for securities sold during the period	0	0
Addition (reductions) on securities with previous allowance	0	0
Balance, end of period	0	0
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	0	0
Additions to allowance for credit losses not previously recorded	0
Reductions for securities sold during the period	0	0
Addition (reductions) on securities with previous allowance	0	0
Balance, end of period	0	0
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	0	0
Additions to allowance for credit losses not previously recorded	0
Reductions for securities sold during the period	0	0
Addition (reductions) on securities with previous allowance	0	0
Balance, end of period	$ 0	$ 0

Investments (Commercial Mortgag

Investments (Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 2,983,584	$ 2,838,511
Commercial mortgage loans, Percentage	100.00%	100.00%
Allowance for Credit Losses	$ (6,446)	$ (5,951)
Commercial Mortgage Loans	2,977,138	2,832,560
Commercial Mortgage and Agricultural Loans
Commercial Mortgage and Other Loans [Line Items]
Commercial Mortgage Loans	2,977,138	2,832,560
Apartments and multi-family
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 806,466	$ 748,414
Commercial mortgage loans, Percentage	27.00%	26.40%
Hospitality
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 47,529	$ 48,141
Commercial mortgage loans, Percentage	1.70%	1.70%
Industrial
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 994,566	$ 916,398
Commercial mortgage loans, Percentage	33.30%	32.20%
Office
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 454,299	$ 445,055
Commercial mortgage loans, Percentage	15.20%	15.70%
Other
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 257,859	$ 252,590
Commercial mortgage loans, Percentage	8.60%	8.90%
Retail
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 229,353	$ 255,577
Commercial mortgage loans, Percentage	7.70%	9.00%
Commercial mortgage loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 2,790,072	$ 2,666,175
Commercial mortgage loans, Percentage	93.50%	93.90%
Agricultural property loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 193,512	$ 172,336
Commercial mortgage loans, Percentage	6.50%	6.10%

Investments (Allowance for Cred

Investments (Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	$ 5,951	$ 4,552
Addition to (release of) allowance for expected losses	495	(238)
Total ending balance	6,446	4,314
Commercial mortgage loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	5,847	4,546
Addition to (release of) allowance for expected losses	477	(237)
Total ending balance	6,324	4,309
Agricultural Property Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	104	6
Addition to (release of) allowance for expected losses	18	(1)
Total ending balance	$ 122	$ 5

Investments (Credit Quality Ind

Investments (Credit Quality Indicators) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	$ 2,983,584	$ 2,838,511
Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	173,065	518,611
One Year Prior	517,793	311,413
Two Year Prior	311,275	544,189
Three Year Prior	540,844	260,828
Four Year Prior	260,066	309,083
Prior	987,029	722,051
Recording investment gross of allowance for credit losses	2,790,072	2,666,175
Commercial mortgage loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	173,065	501,456
One Year Prior	500,852	195,164
Two Year Prior	195,538	481,289
Three Year Prior	478,368	253,938
Four Year Prior	253,238	289,443
Prior	884,585	638,092
Recording investment gross of allowance for credit losses	2,485,646	2,359,382
Commercial mortgage loans | 1.0X to 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	0	17,155
One Year Prior	16,941	109,862
Two Year Prior	109,430	39,577
Three Year Prior	39,338	6,890
Four Year Prior	6,828	7,100
Prior	45,716	39,213
Recording investment gross of allowance for credit losses	218,253	219,797
Commercial mortgage loans | Less than 1.0X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	0	0
One Year Prior	0	6,387
Two Year Prior	6,307	23,323
Three Year Prior	23,138	0
Four Year Prior	0	12,540
Prior	56,728	44,746
Recording investment gross of allowance for credit losses	86,173	86,996
Agricultural Property Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	25,000	98,579
One Year Prior	98,527	26,581
Two Year Prior	26,363	16,226
Three Year Prior	16,181	6,463
Four Year Prior	6,452	8,372
Prior	20,989	16,115
Recording investment gross of allowance for credit losses	193,512	172,336
Agricultural Property Loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	25,000	98,579
One Year Prior	98,527	26,581
Two Year Prior	26,363	16,226
Three Year Prior	16,181	6,463
Four Year Prior	6,452	8,372
Prior	20,174	15,300
Recording investment gross of allowance for credit losses	192,697	171,521
Agricultural Property Loans | 1.0X to 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	0	0
One Year Prior	0	0
Two Year Prior	0	0
Three Year Prior	0	0
Four Year Prior	0	0
Prior	0	0
Recording investment gross of allowance for credit losses	0	0
Agricultural Property Loans | Less than 1.0X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	0	0
One Year Prior	0	0
Two Year Prior	0	0
Three Year Prior	0	0
Four Year Prior	0	0
Prior	815	815
Recording investment gross of allowance for credit losses	815	815
0%-59.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	0	47,161
One Year Prior	47,159	0
Two Year Prior	0	179,682
Three Year Prior	177,478	76,656
Four Year Prior	75,987	126,934
Prior	643,413	553,022
Recording investment gross of allowance for credit losses	944,037	983,455
0%-59.99% | Agricultural Property Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	25,000	98,579
One Year Prior	98,527	26,581
Two Year Prior	26,363	16,226
Three Year Prior	16,181	6,463
Four Year Prior	6,452	8,372
Prior	20,989	16,115
Recording investment gross of allowance for credit losses	193,512	172,336
60%-69.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	40,360	307,999
One Year Prior	307,625	225,330
Two Year Prior	235,943	289,322
Three Year Prior	290,954	170,444
Four Year Prior	170,351	126,159
Prior	261,320	116,654
Recording investment gross of allowance for credit losses	1,306,553	1,235,908
60%-69.99% | Agricultural Property Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	0	0
One Year Prior	0	0
Two Year Prior	0	0
Three Year Prior	0	0
Four Year Prior	0	0
Prior	0	0
Recording investment gross of allowance for credit losses	0	0
70%-79.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	132,705	163,451
One Year Prior	163,009	86,083
Two Year Prior	75,332	75,185
Three Year Prior	72,412	13,728
Four Year Prior	13,728	55,032
Prior	81,343	51,203
Recording investment gross of allowance for credit losses	538,529	444,682
70%-79.99% | Agricultural Property Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	0	0
One Year Prior	0	0
Two Year Prior	0	0
Three Year Prior	0	0
Four Year Prior	0	0
Prior	0	0
Recording investment gross of allowance for credit losses	0	0
80% or greater | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	0	0
One Year Prior	0	0
Two Year Prior	0	0
Three Year Prior	0	0
Four Year Prior	0	958
Prior	953	1,172
Recording investment gross of allowance for credit losses	953	2,130
80% or greater | Agricultural Property Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	0	0
One Year Prior	0	0
Two Year Prior	0	0
Three Year Prior	0	0
Four Year Prior	0	0
Prior	0	0
Recording investment gross of allowance for credit losses	$ 0	$ 0

Investments (Analysis of Past D

Investments (Analysis of Past Due Commercial Mortgage, Agricultural and Other Loans) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	$ 2,983,584	$ 2,838,511
Non-Accrual Status	0	0
Current
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	2,983,584	2,838,511
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	0	0
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	0	0
90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	0	0
Commercial mortgage loans
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	2,790,072	2,666,175
Non-Accrual Status	0	0
Commercial mortgage loans | Current
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	2,790,072	2,666,175
Commercial mortgage loans | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	0	0
Commercial mortgage loans | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	0	0
Commercial mortgage loans | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	0	0
Agricultural Loan
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	193,512	172,336
Non-Accrual Status	0	0
Agricultural Loan | Current
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	193,512	172,336
Agricultural Loan | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	0	0
Agricultural Loan | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	0	0
Agricultural Loan | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	0	0
Commercial mortgage loans
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	2,790,072	2,666,175
Loans | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Accruing Interest	$ 0	$ 0

Investments (Other Invested Ass

Investments (Other Invested Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Other Invested Assets [Line Items]
Other invested assets	$ 1,117,460	$ 1,209,925
Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	914,251	887,706
Company’s investment in separate accounts
Other Invested Assets [Line Items]
Other invested assets	793	53,694
Derivative Instruments
Other Invested Assets [Line Items]
Other invested assets	202,416	268,525
Equity Method | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	835,556	808,227
Equity Method | Private equity | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	298,562	286,141
Equity Method | Hedge funds | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	440,490	432,749
Equity Method | Real estate-related | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	96,504	89,337
Fair Value | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	78,695	79,479
Fair Value | Private equity | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	67,984	69,137
Fair Value | Hedge funds | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	481	481
Fair Value | Real estate-related | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	$ 10,230	$ 9,861

Investments (Accrued Investment

Investments (Accrued Investment Income) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Net Investment Income
Accrued investment income	$ 138,781	$ 160,027
Fixed maturities
Net Investment Income
Accrued investment income	115,731	117,216
Equity securities
Net Investment Income
Accrued investment income	163	2
Commercial mortgage and other loans
Net Investment Income
Accrued investment income	7,954	7,025
Policy loans
Net Investment Income
Accrued investment income	14,456	35,153
Other invested assets
Net Investment Income
Accrued investment income	262	254
Short-term investments and cash equivalents
Net Investment Income
Accrued investment income	$ 215	$ 377

Investments (Net Investment Inc

Investments (Net Investment Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 189,670	$ 104,252
Less: investment expenses	(10,370)	(5,385)
Net investment income	179,300	98,867
Equity securities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	162	103
Commercial mortgage and other loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	22,248	13,426
Policy loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	16,944	17,034
Other invested assets
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	24,912	13,073
Short-term investments and cash equivalents
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	648	127
Available-for-sale | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	109,191	59,958
Trading | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 15,565	$ 531

Investments (Realized Investmen

Investments (Realized Investment Gains Losses, Net) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	$ 784,107	$ 76,608
Fixed maturities
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	(36,721)	(2,738)
Commercial mortgage and other loans
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	(603)	238
Other invested assets
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	1,642	22
Derivatives
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	820,053	79,091
Short-term investments and cash equivalents
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	$ (264)	$ (5)

Investments (Net Unrealized Gai

Investments (Net Unrealized Gains Losses on Investments by Asset Class) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	$ (526,264)	$ 586,389
Fixed maturities | Available-for-sale | With an allowance
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	2,063	3,685
Fixed maturities | Available-for-sale | Without an allowance
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	(576,568)	540,881
Derivatives designated as cash flow hedges
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	52,720	39,896
Affiliated notes
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	(5,992)	73
Other investments
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	$ 1,513	$ 1,854

Investments (Repurchase Agreeme

Investments (Repurchase Agreement and Securities Lending) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	$ 2,696	$ 3,004
Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	2,696	3,004
Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	0	0
30 days or greater
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	0	0
U.S. public corporate securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	2,696	3,004
U.S. public corporate securities | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	2,696	3,004
U.S. public corporate securities | Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	$ 0	$ 0

Derivative Instruments (Gross N

Derivative Instruments (Gross Notional Amount and Fair Value of Derivatives Contracts) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Assets	$ 5,781,434	$ 7,086,534
Liabilities	(12,045,224)	(12,573,983)
Derivative, Notional Amount	203,876,857	187,608,681
Derivatives Designated as Hedge Accounting Instruments:
Derivative [Line Items]
Assets	55,035	37,314
Liabilities	(10,167)	(6,900)
Derivative, Notional Amount	1,260,662	889,896
Derivatives Designated as Hedge Accounting Instruments: | Interest Rate Swaps
Derivative [Line Items]
Assets	0	55
Liabilities	(127)	0
Derivative, Notional Amount	3,306	3,344
Derivatives Designated as Hedge Accounting Instruments: | Foreign Currency Swaps
Derivative [Line Items]
Assets	55,035	37,259
Liabilities	(10,040)	(6,900)
Derivative, Notional Amount	1,257,356	886,552
Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Assets	5,726,399	7,049,220
Liabilities	(12,035,057)	(12,567,083)
Derivative, Notional Amount	202,616,195	186,718,785
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Swaps
Derivative [Line Items]
Assets	4,661,714	5,698,740
Liabilities	(10,707,561)	(10,348,130)
Derivative, Notional Amount	134,315,860	130,358,860
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Future
Derivative [Line Items]
Assets	2,928	2,876
Liabilities	(2,394)	(2,709)
Derivative, Notional Amount	2,084,100	4,109,300
Derivatives Not Qualifying as Hedge Accounting Instruments: | Foreign Currency Forwards
Derivative [Line Items]
Assets	2,954	842
Liabilities	(439)	(1,063)
Derivative, Notional Amount	223,781	119,653
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit Default Swaps
Derivative [Line Items]
Assets	46,641	24,789
Liabilities	0	0
Derivative, Notional Amount	2,285,550	306,900
Derivatives Not Qualifying as Hedge Accounting Instruments: | Foreign Currency Swaps
Derivative [Line Items]
Assets	71,808	68,477
Liabilities	(23,693)	(23,251)
Derivative, Notional Amount	1,974,625	2,139,523
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity Options
Derivative [Line Items]
Assets	644,928	902,050
Liabilities	(843,974)	(1,535,272)
Derivative, Notional Amount	33,912,368	19,461,881
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Option
Derivative [Line Items]
Assets	141,443	280,323
Liabilities	(170,561)	(173,863)
Derivative, Notional Amount	9,873,000	9,883,000
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Forward
Derivative [Line Items]
Assets	0	3,760
Liabilities	(6,315)	(991)
Derivative, Notional Amount	115,000	195,000
Derivatives Not Qualifying as Hedge Accounting Instruments: | Total Return Swap
Derivative [Line Items]
Assets	151,873	66,627
Liabilities	(220,436)	(475,209)
Derivative, Notional Amount	13,609,955	15,129,666
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity Future
Derivative [Line Items]
Assets	2,110	736
Liabilities	(59,684)	(6,595)
Derivative, Notional Amount	$ 4,221,956	$ 5,015,002

Derivative Instruments (Offsett

Derivative Instruments (Offsetting Assets and Liabilities) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Derivatives Assets
Gross Amounts of Recognized Financial Instruments	$ 5,781,434	$ 7,086,534
Gross Amounts Offset in the Consolidated Statement of Financial Position	(5,579,018)	(6,818,009)
Net Amounts Presented in the Consolidated Statement of Financial Position	202,416	268,525
Financial Instruments/Collateral	0	0
Net Amount	202,416	268,525
Securities Purchased under Agreements to Resell
Gross Amounts of Recognized Financial Instruments	300,000	185,000
Gross Amounts Offset in the Consolidated Statement of Financial Position	0	0
Net Amounts Presented in the Consolidated Statement of Financial Position	300,000	185,000
Financial Instruments/Collateral	(300,000)	(185,000)
Net Amount	0	0
Total Assets
Gross Amounts of Recognized Financial Instruments	6,081,434	7,271,534
Gross Amounts Offset in the Consolidated Statement of Financial Position	(5,579,018)	(6,818,009)
Net Amounts Presented in the Consolidated Statement of Financial Position	502,416	453,525
Financial Instruments/Collateral	(300,000)	(185,000)
Net Amount	202,416	268,525
Derivatives Liabilities
Gross Amounts of Recognized Financial Instruments	12,045,224	12,573,983
Gross Amounts Offset in the Consolidated Statement of Financial Position	(11,987,555)	(12,568,082)
Net Amounts Presented in the Consolidated Statement of Financial Position	57,668	5,901
Financial Instruments/Collateral	(57,668)	(5,901)
Net Amount	0	0
Securities Sold under Agreements to Repurchase
Gross Amounts of Recognized Financial Instruments	0	0
Gross Amounts Offset in the Consolidated Statement of Financial Position	0	0
Net Amounts Presented in the Consolidated Statement of Financial Position	0	0
Financial Instruments/Collateral	0	0
Net Amount	0	0
Total Liabilities
Gross Amounts of Recognized Financial Instruments	12,045,224	12,573,983
Gross Amounts Offset in the Consolidated Statement of Financial Position	(11,987,555)	(12,568,082)
Net Amounts Presented in the Consolidated Statement of Financial Position	57,668	5,901
Financial Instruments/Collateral	(57,668)	(5,901)
Net Amount	$ 0	$ 0

Derivative Instruments (Financi

Derivative Instruments (Financial Statement Classification and Impact of Derivatives Used in Qualifying and Non-qualifying Hedge Relationships) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	$ 820,053	$ 79,091
Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	7,861	2,472
Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	6,813	1,706
AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	12,824	4,699
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(771)	(163)
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	7,861	2,472
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	6,700	1,717
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	12,824	4,699
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Interest Rate | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Interest Rate | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	11	12
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Interest Rate | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Interest Rate | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(157)	(125)
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Currency/Interest Rate | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(771)	(163)
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Currency/Interest Rate | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	7,850	2,460
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Currency/Interest Rate | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	6,700	1,717
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Currency/Interest Rate | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	12,981	4,824
Derivatives Not Qualifying as Hedge Accounting Instruments: | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	820,824	79,254
Derivatives Not Qualifying as Hedge Accounting Instruments: | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	113	(11)
Derivatives Not Qualifying as Hedge Accounting Instruments: | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(1,625,937)	(37,371)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	4,297	1,036
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency/Interest Rate | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(1,708)	192
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency/Interest Rate | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency/Interest Rate | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	113	(11)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency/Interest Rate | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(2,723)	(12)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	391,260	15,562
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Embedded Derivatives | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	2,055,635	99,847
Derivatives Not Qualifying as Hedge Accounting Instruments: | Embedded Derivatives | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Embedded Derivatives | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Embedded Derivatives | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	$ 0	$ 0

Derivative Instruments (Current

Derivative Instruments (Current Period Cash Flow Hedges in AOCI (loss) before Taxes) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Cash flow hedgers in AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Balance, beginning	$ 39,896
Amount Recorded in AOCI	26,614
Amounts reclassified into current period earnings	(13,790)
Balance, ending	52,720
Interest Rate | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amount Recorded in AOCI	(146)
Amounts reclassified into current period earnings	(11)
Currency/Interest Rate | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amount Recorded in AOCI	26,760
Amounts reclassified into current period earnings	$ (13,779)

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 15
Credit Default Swaps Referencing Indices, Sell Protection
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	2,286	$ 157
Credit Risk Derivatives, at Fair Value, Net	47	11
Credit Default Swaps Referencing Indices, Sell Protection | NAIC 3
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	2,286
Credit Default Swap, Buying Protection
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	0	150
Credit Risk Derivatives, at Fair Value, Net	0	14
Future Policy Benefits
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset (Liability), Net	(6,965)	(9,048)
Reinsurance Recoverables
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset (Liability), Net	701	931
Policyholders' account balances
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset (Liability), Net	(3,260)	(3,246)
Other assets
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset (Liability), Net	76	73
Other Liabilities
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset (Liability), Net	$ (6)	$ (13)

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities (Balances of Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	$ 13,024,865	$ 13,278,166
Fixed maturities, trading	2,696,898	3,302,392
Equity securities	28,039	111,267
Other invested assets	1,117,460	1,209,925
Other assets	1,006,312	1,140,948
Reinsurance recoverables	39,356,117	38,598,767
Receivables from parent and affiliates	359,219	278,131
Separate account assets	137,681,186	149,797,828
TOTAL ASSETS	208,862,789	221,661,364
Future policy benefits	25,207,277	27,927,029
Payables to parent and affiliates	132,405	31,775
Other Liabilities	3,414,673	2,264,477
Total liabilities	203,728,732	215,706,270
Future policy benefits
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative, Net Liability	6,965,000	9,048,000
Embedded Derivative, Fair Value of Embedded Derivative Gross Asset	634,000	610,000
Embedded Derivative, Fair Value of Embedded Derivative Gross Liability	7,599,000	9,658,000
Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative, Net Liability	6,000	13,000
Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	13,024,865	13,278,166
Fixed maturities, trading	2,696,898	3,302,392
Equity securities	28,039	111,267
Short-term Investments	28,491	145,437
Cash equivalents	956,659	436,632
Other invested assets	202,416	268,525
Other assets	75,201	72,937
Reinsurance recoverables	700,700	931,207
Receivables from parent and affiliates	155,845	162,045
Subtotal excluding separate account assets	17,869,114	18,708,608
Separate account assets	132,240,010	144,111,658
TOTAL ASSETS	150,109,124	162,820,266
Future policy benefits	6,964,587	9,047,956
Policyholders’ account balances	3,260,195	3,245,773
Payables to parent and affiliates	0	0
Other Liabilities	63,734	18,525
Total liabilities	10,288,516	12,312,254
Asset Netting	(5,579,018)	(6,818,009)
Liability Netting	(11,987,555)	(12,568,082)
Netting	(6,409,000)	(5,750,000)
Fair Value, Measurements, Recurring | Other invested assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Asset Netting	(5,579,018)	(6,818,009)
Fair Value, Measurements, Recurring | Payables to parent and affiliates
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liability Netting	(11,983,064)	(12,563,253)
Fair Value, Measurements, Recurring | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liability Netting	(4,491)	(4,829)
Fair Value, Measurements, Recurring | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	297,003	333,940
Fair Value, Measurements, Recurring | Obligations of U.S. states and their political subdivisions
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	609,172	630,521
Fair Value, Measurements, Recurring | Foreign government bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	326,129	350,471
Fair Value, Measurements, Recurring | U.S. corporate public securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	4,772,778	5,131,872
Fair Value, Measurements, Recurring | U.S. corporate private securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	2,049,475	2,004,875
Fair Value, Measurements, Recurring | Foreign corporate public securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	933,685	929,902
Fair Value, Measurements, Recurring | Foreign corporate private securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	2,788,586	2,753,911
Fair Value, Measurements, Recurring | Asset-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	617,795	547,310
Fair Value, Measurements, Recurring | Commercial mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	580,392	575,184
Fair Value, Measurements, Recurring | Residential mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	49,850	20,180
Fair Value, Measurements, Recurring | Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	0	0
Fixed maturities, trading	0	0
Equity securities	128	58,160
Short-term Investments	18,998	9,997
Cash equivalents	0	13,999
Other invested assets	46,672	246,097
Other assets	0	0
Reinsurance recoverables	0	0
Receivables from parent and affiliates	0	0
Subtotal excluding separate account assets	65,798	328,253
Separate account assets	57,072	52,100
TOTAL ASSETS	122,870	380,353
Future policy benefits	0	0
Policyholders’ account balances	0	0
Payables to parent and affiliates	0	0
Other Liabilities	62,160	10,730
Total liabilities	62,160	10,730
Fair Value, Measurements, Recurring | Level 1 | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	0	0
Fair Value, Measurements, Recurring | Level 1 | Obligations of U.S. states and their political subdivisions
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign government bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	0	0
Fair Value, Measurements, Recurring | Level 1 | U.S. corporate public securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	0	0
Fair Value, Measurements, Recurring | Level 1 | U.S. corporate private securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign corporate public securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign corporate private securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	0	0
Fair Value, Measurements, Recurring | Level 1 | Asset-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	0	0
Fair Value, Measurements, Recurring | Level 1 | Commercial mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	0	0
Fair Value, Measurements, Recurring | Level 1 | Residential mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	0	0
Fair Value, Measurements, Recurring | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	12,527,251	12,718,438
Fixed maturities, trading	2,696,898	3,302,392
Equity securities	16,448	40,635
Short-term Investments	9,493	135,440
Cash equivalents	956,659	422,633
Other invested assets	5,734,762	6,840,437
Other assets	0	0
Reinsurance recoverables	0	0
Receivables from parent and affiliates	155,845	162,045
Subtotal excluding separate account assets	22,097,356	23,622,020
Separate account assets	132,182,938	144,059,558
TOTAL ASSETS	154,280,294	167,681,578
Future policy benefits	0	0
Policyholders’ account balances	0	0
Payables to parent and affiliates	11,983,064	12,563,253
Other Liabilities	6,065	12,624
Total liabilities	11,989,129	12,575,877
Fair Value, Measurements, Recurring | Level 2 | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	297,003	333,940
Fair Value, Measurements, Recurring | Level 2 | Obligations of U.S. states and their political subdivisions
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	609,172	630,521
Fair Value, Measurements, Recurring | Level 2 | Foreign government bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	325,989	350,321
Fair Value, Measurements, Recurring | Level 2 | U.S. corporate public securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	4,772,778	5,131,872
Fair Value, Measurements, Recurring | Level 2 | U.S. corporate private securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	1,909,914	1,873,370
Fair Value, Measurements, Recurring | Level 2 | Foreign corporate public securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	925,727	921,008
Fair Value, Measurements, Recurring | Level 2 | Foreign corporate private securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	2,550,747	2,508,676
Fair Value, Measurements, Recurring | Level 2 | Asset-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	605,378	484,861
Fair Value, Measurements, Recurring | Level 2 | Commercial mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	480,693	463,689
Fair Value, Measurements, Recurring | Level 2 | Residential mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	49,850	20,180
Fair Value, Measurements, Recurring | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	497,614	559,728
Fixed maturities, trading	0	0
Equity securities	11,463	12,472
Short-term Investments	0	0
Cash equivalents	0	0
Other invested assets	0	0
Other assets	75,201	72,937
Reinsurance recoverables	700,700	931,207
Receivables from parent and affiliates	0	0
Subtotal excluding separate account assets	1,284,978	1,576,344
Separate account assets	0	0
TOTAL ASSETS	1,284,978	1,576,344
Future policy benefits	6,964,587	9,047,956
Policyholders’ account balances	3,260,195	3,245,773
Payables to parent and affiliates	0	0
Other Liabilities	0	0
Total liabilities	10,224,782	12,293,729
Fair Value, Measurements, Recurring | Level 3 | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	0	0
Fair Value, Measurements, Recurring | Level 3 | Obligations of U.S. states and their political subdivisions
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	0	0
Fair Value, Measurements, Recurring | Level 3 | Foreign government bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	140	150
Fair Value, Measurements, Recurring | Level 3 | U.S. corporate public securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	0	0
Fair Value, Measurements, Recurring | Level 3 | U.S. corporate private securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	139,561	131,505
Fair Value, Measurements, Recurring | Level 3 | Foreign corporate public securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	7,958	8,894
Fair Value, Measurements, Recurring | Level 3 | Foreign corporate private securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	237,839	245,235
Fair Value, Measurements, Recurring | Level 3 | Asset-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	12,417	62,449
Fair Value, Measurements, Recurring | Level 3 | Commercial mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	99,699	111,495
Fair Value, Measurements, Recurring | Level 3 | Residential mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	0	0
Other invested assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value investment measured at NAV per share	79,000	79,000
Separate Account Assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value investment measured at NAV per share	$ 5,441,000	$ 5,686,000

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities (Quantitative Info for Level 3 Inputs) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Corporate securities	$ 27,065	$ 106,174
Future policy benefits	25,207,277	27,927,029
Fair Value, Measurements, Recurring
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Future policy benefits	6,964,587	9,047,956
Policyholders’ account balances	$ 3,260,195	3,245,773
Level 3 | Minimum
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair Value Inputs, Policyholder Age	45 years
Level 3 | Minimum   | Future policy benefits
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Mortality rate	0.00%
Level 3 | Maximum
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair Value Inputs, Policyholder Age	90 years
Level 3 | Fair Value, Measurements, Recurring
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Future policy benefits	$ 6,964,587	9,047,956
Policyholders’ account balances	$ 3,260,195	$ 3,245,773
Level 3 | Internal | Minimum   | Discounted cash flow | Future policy benefits
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	1.00%	1.00%
Spread over LIBOR	0.20%	0.03%
Utilization rate	39.00%	39.00%
Withdrawal rate (greater than maximum range)	76.00%	76.00%
Mortality rate	0.00%	0.00%
Equity volatility curve	18.00%	16.00%
Level 3 | Internal | Minimum   | Discounted cash flow | Policyholders' account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	1.00%	1.00%
Spread over LIBOR	0.20%	0.03%
Mortality rate	0.00%	0.00%
Equity volatility curve	6.00%	6.00%
Level 3 | Internal | Minimum   | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount Rate	2.52%	1.65%
Level 3 | Internal | Minimum   | Market comparables | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	2.2	4.9
Level 3 | Internal | Minimum   | Cost approach | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	62.58%	62.58%
Level 3 | Internal | Maximum | Discounted cash flow | Future policy benefits
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	20.00%	20.00%
Spread over LIBOR	1.52%	1.13%
Utilization rate	96.00%	96.00%
Withdrawal rate (greater than maximum range)	100.00%	100.00%
Mortality rate	15.00%	15.00%
Equity volatility curve	26.00%	25.00%
Level 3 | Internal | Maximum | Discounted cash flow | Policyholders' account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	42.00%	42.00%
Spread over LIBOR	1.52%	1.13%
Mortality rate	23.00%	23.00%
Equity volatility curve	33.00%	31.00%
Level 3 | Internal | Maximum | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount Rate	20.00%	20.00%
Level 3 | Internal | Maximum | Market comparables | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	13.2	19.2
Level 3 | Internal | Maximum | Cost approach | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	62.58%	62.58%
Level 3 | Internal | Weighted Average | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount Rate	4.86%	4.57%
Level 3 | Internal | Weighted Average | Market comparables | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	7.5	9
Level 3 | Internal | Weighted Average | Cost approach | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	62.58%	62.58%
Level 3 | Internal | Fair Value, Measurements, Recurring | Future policy benefits
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Future policy benefits	$ 6,964,587	$ 9,047,956
Level 3 | Internal | Fair Value, Measurements, Recurring | Policyholders' account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Policyholders’ account balances	3,260,195	3,245,773
Level 3 | Internal | Fair Value, Measurements, Recurring | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Corporate securities	311,136	312,139
Level 3 | Internal | Fair Value, Measurements, Recurring | Reinsurance recoverables
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Reinsurance recoverables	$ 700,700	$ 931,207

Fair Value of Assets and Liab_5

Fair Value of Assets and Liabilities (Changes in Level 3 Assets and Liabilities) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	$ 12,472	$ 7,889
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	11,463	7,678
Total gains (losses) (realized/unrealized):
Included in earnings	(1,009)	(211)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(1,009)	(211)
Equity securities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Equity securities | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	(1,009)	(211)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(1,009)	(211)
Equity securities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Equity securities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Other assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	72,937	0
Purchases	7,816	0
Sales	0	0
Issuances	0	0
Settlements	(1,838)	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	75,201	0
Total gains (losses) (realized/unrealized):
Included in earnings	(3,714)	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(1,877)	0
Other assets | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(3,714)	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(1,877)	0
Other assets | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Other assets | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Other assets | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Reinsurance recoverables
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	931,207	13,239,539
Purchases	35,301	278,233
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	700,700	7,447,863
Total gains (losses) (realized/unrealized):
Included in earnings	(265,808)	(6,069,909)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(257,911)	(5,914,192)
Reinsurance recoverables | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(265,808)	(6,069,909)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(257,911)	(5,914,192)
Reinsurance recoverables | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Reinsurance recoverables | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Reinsurance recoverables | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Future policy benefits
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(9,047,956)	(13,227,814)
Purchases	0	0
Sales	0	0
Issuances	(263,018)	(276,249)
Settlements	0	0
Other	0	0
Transfers Into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	(6,964,587)	(7,435,081)
Total gains (losses) (realized/unrealized):
Included in earnings	2,346,387	6,068,982
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	2,259,260	5,913,265
Future policy benefits | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	2,346,387	6,068,982
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	2,259,260	5,913,265
Future policy benefits | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Future policy benefits | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Future policy benefits | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Policyholders' account balances
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(3,245,773)	(1,155,274)
Purchases	0	0
Sales	0	0
Issuances	(152,791)	0
Settlements	0	13,492
Other	239,022	0
Transfers Into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	(3,260,195)	(1,031,525)
Total gains (losses) (realized/unrealized):
Included in earnings	(100,653)	110,257
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(70,214)	128,490
Policyholders' account balances | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(100,653)	110,257
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(70,214)	128,490
Policyholders' account balances | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Policyholders' account balances | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Policyholders' account balances | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Available-for-sale | Fixed maturities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(14,903)	(508)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(15,011)	(500)
Available-for-sale | Fixed maturities | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Available-for-sale | Fixed maturities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	(33,841)	(11,618)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(33,439)	(11,621)
Available-for-sale | Fixed maturities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	383	23
Available-for-sale | Fixed maturities | US government
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	55,000
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	0	55,000
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Available-for-sale | Fixed maturities | Foreign government bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	150	163
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	140	157
Total gains (losses) (realized/unrealized):
Included in earnings	(10)	(6)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(10)	(6)
Available-for-sale | Fixed maturities | Corporate securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	385,634	174,776
Purchases	49,410	2,319
Sales	(1,171)	0
Issuances	0	0
Settlements	(12,140)	(2,165)
Other	0	0
Transfers into Level 3	0	2,643
Transfers out of Level 3	0	0
Fair Value, end of period	385,358	165,491
Total gains (losses) (realized/unrealized):
Included in earnings	(36,375)	(12,082)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(36,465)	(12,101)
Available-for-sale | Fixed maturities | Structured securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	173,944	2,065
Purchases	0	500
Sales	0	0
Issuances	0	0
Settlements	(502)	(416)
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	(49,350)	0
Fair Value, end of period	112,116	2,134
Total gains (losses) (realized/unrealized):
Included in earnings	(11,976)	(15)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(11,975)	(14)
Trading | Fixed maturities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	755
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	0	767
Total gains (losses) (realized/unrealized):
Included in earnings	0	12
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	12
Trading | Fixed maturities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Trading | Fixed maturities | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	12
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	12
Trading | Fixed maturities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Trading | Fixed maturities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	$ 0	$ 0

Fair Value of Assets and Liab_6

Fair Value of Assets and Liabilities (Financial Instruments where Carrying Amounts and Fair Values May Differ) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets [Abstract]
Policy loans	$ 476,038	$ 1,327,485
Cash and cash equivalents	1,832,067	918,931
Accrued investment income	138,781	160,027
Reinsurance recoverables	39,356,117	38,598,767
Receivables from parent and affiliates	359,219	278,131
Liabilities:
Cash collateral for loaned securities	2,696	3,004
Fair Value
Assets [Abstract]
Commercial mortgage and other loans	2,877,680	2,883,710
Policy loans	476,038	1,327,485
Short-term Investments	19,000	37,000
Cash and cash equivalents	875,408	482,299
Accrued investment income	138,781	160,027
Reinsurance recoverables	27,530	29,931
Receivables from parent and affiliates	203,374	116,086
Other assets	463,065	568,981
Total assets	5,080,876	5,605,519
Liabilities:
Policyholders’ account balances - investment contracts	3,904,263	3,947,337
Cash collateral for loaned securities	2,696	3,004
Long-term debt to affiliates	307,832	319,225
Payables to parent and affiliates	132,405	31,775
Other liabilities	908,124	898,879
Total liabilities	5,255,320	5,200,220
Carrying Amount
Assets [Abstract]
Commercial mortgage and other loans	2,977,138	2,832,560
Policy loans	476,038	1,327,485
Short-term Investments	19,000	37,000
Cash and cash equivalents	875,408	482,299
Accrued investment income	138,781	160,027
Reinsurance recoverables	28,317	28,883
Receivables from parent and affiliates	203,374	116,086
Other assets	463,065	568,981
Total assets	5,181,121	5,553,321
Liabilities:
Policyholders’ account balances - investment contracts	3,912,340	3,941,822
Cash collateral for loaned securities	2,696	3,004
Long-term debt to affiliates	318,088	320,362
Payables to parent and affiliates	132,405	31,775
Other liabilities	908,124	898,879
Total liabilities	5,273,653	5,195,842
Level 1 | Fair Value
Assets [Abstract]
Commercial mortgage and other loans	0	0
Policy loans	0	0
Short-term Investments	19,000	37,000
Cash and cash equivalents	575,408	297,299
Accrued investment income	0	0
Reinsurance recoverables	0	0
Receivables from parent and affiliates	0	0
Other assets	0	0
Total assets	594,408	334,299
Liabilities:
Policyholders’ account balances - investment contracts	0	0
Cash collateral for loaned securities	0	0
Long-term debt to affiliates	0	0
Payables to parent and affiliates	0	0
Other liabilities	0	0
Total liabilities	0	0
Level 2 | Fair Value
Assets [Abstract]
Commercial mortgage and other loans	0	0
Policy loans	0	0
Short-term Investments	0	0
Cash and cash equivalents	300,000	185,000
Accrued investment income	138,781	160,027
Reinsurance recoverables	0	0
Receivables from parent and affiliates	203,374	116,086
Other assets	24,635	134,598
Total assets	666,790	595,711
Liabilities:
Policyholders’ account balances - investment contracts	1,323,368	1,356,850
Cash collateral for loaned securities	2,696	3,004
Long-term debt to affiliates	307,832	319,225
Payables to parent and affiliates	132,405	31,775
Other liabilities	874,033	864,788
Total liabilities	2,640,334	2,575,642
Level 3 | Fair Value
Assets [Abstract]
Commercial mortgage and other loans	2,877,680	2,883,710
Policy loans	476,038	1,327,485
Short-term Investments	0	0
Cash and cash equivalents	0	0
Accrued investment income	0	0
Reinsurance recoverables	27,530	29,931
Receivables from parent and affiliates	0	0
Other assets	438,430	434,383
Total assets	3,819,678	4,675,509
Liabilities:
Policyholders’ account balances - investment contracts	2,580,895	2,590,487
Cash collateral for loaned securities	0	0
Long-term debt to affiliates	0	0
Payables to parent and affiliates	0	0
Other liabilities	34,091	34,091
Total liabilities	$ 2,614,986	$ 2,624,578

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (4,701)	$ (45,309)
Effective Income Tax Rate, Percent	15.83%	(78.01%)
Federal Statutory Income Tax Rate, Percent	21.00%

Reinsurance (Reinsurance amount

Reinsurance (Reinsurance amounts included in the Statements of Financial Position) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Effects of Reinsurance [Line Items]
Reinsurance recoverables	$ 39,356,117	$ 38,598,767
Policy loans	(476,038)	(1,327,485)
Deferred policy acquisition costs	(6,197,331)	(6,830,972)
Deferred sales inducements	(314,788)	(374,649)
Other assets	1,006,312	1,140,948
Future policy benefits	25,207,277	27,927,029
Other liabilities	3,414,673	2,264,477
Impacts of Reinsurance
Effects of Reinsurance [Line Items]
Reinsurance recoverables	39,356,117	38,598,767
Policy loans	(1,007,594)	(156,749)
Deferred policy acquisition costs	(3,165,747)	(2,575,232)
Deferred sales inducements	(34,616)	(37,905)
Other assets	343,537	353,669
Policyholders’ account balances	12,020,327	12,005,839
Future policy benefits	5,078,000	5,286,252
Other liabilities	2,265,328	1,224,399
Unaffiliated activity
Effects of Reinsurance [Line Items]
Other assets	0	0
Future policy benefits	100	0
Other liabilities	$ 62,000	$ 49,000

Reinsurance (Reinsurance Recove

Reinsurance (Reinsurance Recoverable by Counterparty) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	$ 39,356,117	$ 38,598,767
PAR U
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	13,216,951	13,523,832
PALAC
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	6,967,660	7,198,504
PURC
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	5,728,576	5,830,441
PARCC
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	2,336,813	2,371,491
GUL Re
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	2,649,984	2,710,926
PAR Term
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	1,976,337	1,972,339
Prudential Insurance
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	1,616,373	2,082,551
Term Re
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	1,990,432	1,953,063
Lotus Re
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	1,963,819	32,039
DART
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	674,933	644,101
Unaffiliated
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	$ 234,239	$ 279,480

Reinsurance (Reinsurance amou_2

Reinsurance (Reinsurance amounts included in the Statement of Operations and Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Premiums:
Direct	$ 473,928	$ 486,877
Assumed	1,397	43
Ceded	(401,080)	(442,515)
Net premiums	74,245	44,405
Policy charges and fee income:
Direct	902,324	909,889
Assumed	150,821	140,113
Ceded	(861,583)	(898,137)
Net policy charges and fee income	191,562	151,865
Net investment income:
Direct	195,511	100,395
Assumed	453	359
Ceded	(16,664)	(1,887)
Net investment income	179,300	98,867
Asset administration fees:
Direct	97,457	96,614
Assumed	0	0
Ceded	(18,225)	(90,403)
Net asset administration fees	79,232	6,211
Other income (loss):
Direct	(348,688)	17,100
Assumed	39	(73)
Ceded	(378)	65
Amortization of reinsurance income	21,423	1,152
Net Other income (loss)	(327,604)	18,244
Realized investment gains (losses), net:
Direct	1,260,511	6,157,747
Assumed	(225,262)	0
Ceded	(251,142)	(6,081,139)
Realized investment gains (losses), net	784,107	76,608
Policyholders’ benefits (including change in reserves):
Direct	905,137	997,824
Assumed	238,667	191,805
Ceded	(924,040)	(1,095,716)
Net policyholders’ benefits (including change in reserves)	219,764	93,913
Interest credited to policyholders’ account balances:
Direct	202,026	179,435
Assumed	72,502	32,986
Ceded	(111,002)	(156,251)
Net interest credited to policyholders’ account balances	163,526	56,170
Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization	(135,852)	(468,435)
Unaffiliated activity
Premiums:
Assumed	0	0
Ceded	(7,000)	(7,000)
Policy charges and fee income:
Ceded	(18,000)	(14,000)
Other income (loss):
Assumed	0	0
Realized investment gains (losses), net:
Ceded	(37,000)	(141,000)
Policyholders’ benefits (including change in reserves):
Assumed	100	100
Ceded	$ (20,000)	$ (81,000)

Reinsurance (Life Insurance In

Reinsurance (Life Insurance In Force) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
Reinsurance Disclosures [Abstract]
Direct gross life insurance face amount in force	$ 1,085,450,111	$ 1,057,019,880
Assumed gross life insurance face amount in force	37,528,980	38,553,587
Reinsurance ceded	(998,722,883)	(988,006,377)
Net life insurance face amount in force	$ 124,256,208	$ 107,567,090

Reinsurance (Narrative) (Detail

Reinsurance (Narrative) (Details) - USD ($) $ in Thousands

Jan. 01, 2022

Jul. 01, 2019

Jul. 01, 2017

Jul. 01, 2012

Dec. 31, 2010

Dec. 31, 2009

Jan. 31, 2001

Mar. 31, 2022

Dec. 31, 2021

Mar. 31, 2021

Dec. 31, 2016

Dec. 31, 2019

Dec. 31, 2019

Dec. 31, 2016

Dec. 31, 2013

Dec. 31, 2017

Dec. 31, 2013

Oct. 01, 2021

Effects of Reinsurance [Line Items]

Ceded Premiums

$ (401,080)

$ (442,515)

Policy loan assets

476,038

$ 1,327,485

Reinsurance recoverables

39,356,117

38,598,767

Impacts of Reinsurance

Effects of Reinsurance [Line Items]

Policy loan assets

1,007,594

156,749

Reinsurance recoverables

39,356,117

38,598,767

PAR U

Effects of Reinsurance [Line Items]

Reinsurance recoverables

13,216,951

13,523,832

PURC

Effects of Reinsurance [Line Items]

Reinsurance recoverables

5,728,576

5,830,441

PARCC

Effects of Reinsurance [Line Items]

Reinsurance recoverables

2,336,813

2,371,491

GUL Re

Effects of Reinsurance [Line Items]

Reinsurance recoverables

2,649,984

2,710,926

PAR Term

Effects of Reinsurance [Line Items]

Reinsurance recoverables

1,976,337

1,972,339

Term Re

Effects of Reinsurance [Line Items]

Reinsurance recoverables

1,990,432

1,953,063

Prudential Insurance

Effects of Reinsurance [Line Items]

Reinsurance recoverables

1,616,373

2,082,551

Lotus Re

Effects of Reinsurance [Line Items]

Reinsurance recoverables

1,963,819

32,039

DART

Effects of Reinsurance [Line Items]

Reinsurance recoverables

674,933

$ 644,101

Union Hamilton Reinsurance, Ltd.

Effects of Reinsurance [Line Items]

Reinsurance recoverables

$ 3,100,000

Union Hamilton Reinsurance, Ltd. | Quote Share Reinsurance

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

50.00%

Affiliated Entity | PAR U

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

95.00%

70.00%

Affiliated Entity | PURC

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

95.00%

70.00%

Affiliated Entity | PARCC

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

100.00%

90.00%

Affiliated Entity | GUL Re

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

30.00%

95.00%

Affiliated Entity | PAR Term

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

100.00%

95.00%

Affiliated Entity | Prudential of Taiwan

Effects of Reinsurance [Line Items]

Related Party Transaction, Term

2 years

Affiliated Entity | Term Re

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

95.00%

Affiliated Entity | Prudential Insurance

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

100.00%

Affiliated Entity | Prudential Insurance | Impacts of Reinsurance

Effects of Reinsurance [Line Items]

Reinsurance agreement loss

$ 305,000

Affiliated Entity | Lotus Re | Impacts of Reinsurance

Effects of Reinsurance [Line Items]

Reinsurance liabilities associated with the risks of the coinsurance agreement

$ 32,000

Reinsurance agreement ceded risk

100.00%

Net liabilities associated with the transaction for coinsurance

$ 1,381,000

Net liabilities associated with the transaction for modified coinsurance

14,037,000

Policy loan assets

855,000

Cash received

820,000

Recognized gain

$ 1,346,000

Affiliated Entity | DART

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

95.00%

Equity (Accumulated Other Compr

Equity (Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	$ 347,435
Income tax benefit (expense)	213,458	$ 73,731
Ending Balance	(456,775)
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(11,274)	(7,797)
Change in OCI before reclassifications	(1,670)	(5,205)
Amounts reclassified from AOCI	0	0
Income tax benefit (expense)	146	192
Ending Balance	(12,798)	(12,810)
Net unrealized investment gains (losses)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	358,709	553,925
Change in OCI before reclassifications	(1,038,929)	(348,914)
Amounts reclassified from AOCI	22,931	(1,288)
Income tax benefit (expense)	213,312	73,539
Ending Balance	(443,977)	277,262
Accumulated Other Comprehensive   Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	347,435	546,128
Change in OCI before reclassifications	(1,040,599)	(354,119)
Amounts reclassified from AOCI	22,931	(1,288)
Income tax benefit (expense)	213,458	73,731
Ending Balance	(456,775)	264,452
Cash flow hedges | Net unrealized investment gains (losses)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	40,000	(8,000)
Ending Balance	$ 53,000	$ (3,000)

Equity (Reclassification out of

Equity (Reclassification out of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net unrealized investment gains (losses)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	$ 22,931	$ (1,288)
Total reclassifications for the period
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	22,931	(1,288)
Amounts reclassified from AOCI | Net unrealized investment gains (losses)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(22,931)	1,288
Amounts reclassified from AOCI | Total reclassifications for the period
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(22,931)	1,288
Amounts reclassified from AOCI | Net unrealized investment gains (losses) on available-for-sale securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	(36,721)	(2,738)
Amounts reclassified from AOCI | Currency/Interest rate | Cash flow hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	$ 13,790	$ 4,026

Equity (Net Unrealized Investme

Equity (Net Unrealized Investment Gains (Losses) in AOCI on AFS Fixed Maturity Securities with Allowance for Credit Losses and All Other Investments) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	$ 347,435
Ending Balance	(456,775)
Net Unrealized Investment Gains (Losses) on Available-for-Sale Fixed Maturity Securities on which an allowance for credit losses has been recognized
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	3,685
Net investment gains (losses) on investments arising during the period	(1,592)
Reclassification adjustment for (gains) losses included in net income	(34)
Reclassification due to allowance for credit losses recorded during the period	4
Impact of net unrealized investment (gains) losses	0
Ending Balance	2,063
Net Unrealized Investment Gains (Losses) on All Other Investments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	582,704
Net investment gains (losses) on investments arising during the period	(1,133,992)
Reclassification adjustment for (gains) losses included in net income	22,965
Reclassification due to allowance for credit losses recorded during the period	(4)
Impact of net unrealized investment (gains) losses	0
Ending Balance	(528,327)
Deferred Policy Acquisition Costs and Other Costs
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	983,085
Net investment gains (losses) on investments arising during the period	0
Reclassification adjustment for (gains) losses included in net income	0
Reclassification due to allowance for credit losses recorded during the period	0
Impact of net unrealized investment (gains) losses	(831,815)
Ending Balance	151,270
Future Policy Benefits and Policyholders’ Account Balances and other liabilities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(1,115,484)
Net investment gains (losses) on investments arising during the period	0
Reclassification adjustment for (gains) losses included in net income	0
Reclassification due to allowance for credit losses recorded during the period	0
Impact of net unrealized investment (gains) losses	928,470
Ending Balance	(187,014)
Income Tax Benefit (Expense)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(95,281)
Net investment gains (losses) on investments arising during the period	238,419
Reclassification adjustment for (gains) losses included in net income	(4,815)
Reclassification due to allowance for credit losses recorded during the period	0
Impact of net unrealized investment (gains) losses	(20,292)
Ending Balance	118,031
Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	358,709
Net investment gains (losses) on investments arising during the period	(897,165)
Reclassification adjustment for (gains) losses included in net income	18,116
Reclassification due to allowance for credit losses recorded during the period	0
Impact of net unrealized investment (gains) losses	76,363
Ending Balance	$ (443,977)

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details)	3 Months Ended				12 Months Ended
	Mar. 31, 2022USD ($)policy	Dec. 31, 2021USD ($)	Sep. 30, 2021USD ($)	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)
Related Party Transaction [Line Items]
Commissions and fees	$ 191,562,000			$ 151,865,000
Net investment income	179,300,000			98,867,000
Other invested assets	1,117,460,000	$ 1,209,925,000			$ 1,209,925,000
Fee income from revenue sharing agreement	79,232,000			6,211,000
Accrued investment income	138,781,000	160,027,000			160,027,000
Prudential Insurance
Related Party Transaction [Line Items]
Contributed Capital	8,000,000	457,000,000	$ 3,813,000,000	106,000,000
Return of Capital		34,000,000
Dividends	0				0
PALAC
Related Party Transaction [Line Items]
Market value of loan			324,000,000
Premium			$ 24,000,000
Prudential Insurance
Related Party Transaction [Line Items]
Stock option program plan expense	100,000			100,000
Deferred compensation program expense	2,700,000			1,500,000
Pension plan expense	5,000,000			3,000,000
Welfare plan expense	$ 4,000,000			3,000,000
Defined contribution plan, employer matching contribution, percent (up to)	4.00%
Defined contribution plan, cost recognized	$ 2,000,000			1,000,000
Number of Corporate Owned Life Insurance policies sold | policy	5
Prudential Insurance and Prudential Financial
Related Party Transaction [Line Items]
Life Insurance, Corporate or Bank Owned, amount	$ 5,001,000,000	5,248,000,000			5,248,000,000
Fees related to Life Insurance, Corporate or Bank Owned, amount	14,000,000			13,000,000
Maximum amount of mortality risk	3,500,000
Prudential Financial
Related Party Transaction [Line Items]
Company's share of corporate expenses	$ 13,000,000			18,000,000
Number of Corporate Owned Life Insurance policies sold | policy	1
Affiliated Entity
Related Party Transaction [Line Items]
Net investment income	$ 900,000
Accrued interest receivable related to long-term notes receivable	400,000	400,000			400,000
Revenues related to long-term notes receivable	1,000,000			1,000,000
Accrued investment income	300,000
Line of credit facility, maximum borrowing capacity	2,200,000,000
Interest expense related to loans payable	300,000			0
Invested Assets		167,000,000			167,000,000
Affiliated Entity | PAD
Related Party Transaction [Line Items]
Commissions and fees	170,000,000			96,000,000
Affiliated Entity | PGIM
Related Party Transaction [Line Items]
Net investment income	8,000,000			4,000,000
Affiliated Entity | ASTISI and PGIM Investments
Related Party Transaction [Line Items]
Fee income from revenue sharing agreement	85,000,000			91,000,000
Affiliated Entity | PGIM Investments
Related Party Transaction [Line Items]
Fee income from revenue sharing agreement	10,000,000			3,000,000
Prudential Financial Joint Ventures
Related Party Transaction [Line Items]
Net investment income	13,000,000			$ 3,000,000
Other invested assets	$ 474,000,000	$ 466,000,000			$ 466,000,000

Related Party Transactions (Aff

Related Party Transactions (Affiliated Notes Receivable) (Details) - Affiliated Entity - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Total notes receivable - affiliated	$ 155,845	$ 162,045
U.S. Dollar fixed rate notes
Related Party Transaction [Line Items]
Total notes receivable - affiliated	$ 155,845	$ 162,045
U.S. Dollar fixed rate notes | Minimum
Related Party Transaction [Line Items]
Interest Rates	0.00%
U.S. Dollar fixed rate notes | Maximum
Related Party Transaction [Line Items]
Interest Rates	14.85%

Related Party Transaction (Affi

Related Party Transaction (Affiliated Commercial Mortgage Loan) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Commercial Mortgage Loans	$ 2,977,138	$ 2,832,560
Affiliated Entity | Commercial mortgage loans
Related Party Transaction [Line Items]
Interest Rates	4.78%
Commercial Mortgage Loans	$ 73,115	$ 73,412

Related Party Transactions (A_2

Related Party Transactions (Affiliated Asset Transfers) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Related Party Transaction [Line Items]
Realized investment gains (losses)	$ 784,107	$ 76,608
Affiliated Entity | PALAC - June 2021 - Purchase - Equities
Related Party Transaction [Line Items]
Fair Value	40,284
Book Value	40,284
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	0
Affiliated Entity | Prudential Insurance - September 2021 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	64,374
Book Value	59,642
APIC, Net of Tax Increase/(Decrease)	(3,739)
Realized investment gains (losses)	0
Affiliated Entity | Prudential Insurance - September 2021 -Sale - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	37,887
Book Value	35,264
APIC, Net of Tax Increase/(Decrease)	2,073
Realized investment gains (losses)	0
Affiliated Entity | Hirakata LLC - September 2021 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	13,944
Book Value	13,944
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	0
Affiliated Entity | Prudential Retirement Insurance and Annuity Co - September 2021 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	120,256
Book Value	120,256
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	0
Affiliated Entity | Prudential Retirement Insurance and Annuity Co - September 2021 - Sale - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	173,590
Book Value	166,427
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	7,163
Affiliated Entity | Prudential Insurance - September 2021 - Purchase - Commercial Mortgage and Other Loans
Related Party Transaction [Line Items]
Fair Value	45,358
Book Value	42,127
APIC, Net of Tax Increase/(Decrease)	(2,553)
Realized investment gains (losses)	0
Affiliated Entity | Prudential Insurance - September 2021 - Sale - Commercial Mortgage and Other Loans
Related Party Transaction [Line Items]
Fair Value	22,796
Book Value	21,780
APIC, Net of Tax Increase/(Decrease)	802
Realized investment gains (losses)	0
Affiliated Entity | Prudential Retirement Insurance and Annuity Co - September 2021 - Purchase - Commercial Mortgage and Other Loans
Related Party Transaction [Line Items]
Fair Value	29,483
Book Value	29,483
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	0
Affiliated Entity | Prudential Retirement Insurance and Annuity Co - September 2021 - Sale - Commercial Mortgage and Other Loans
Related Party Transaction [Line Items]
Fair Value	51,005
Book Value	47,020
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	3,985
Affiliated Entity | Prudential Insurance - September 2021 - Purchase - Derivatives
Related Party Transaction [Line Items]
Fair Value	600
Book Value	494
APIC, Net of Tax Increase/(Decrease)	(84)
Realized investment gains (losses)	0
Affiliated Entity | Prudential Insurance - September 2021 - Sale - Derivatives
Related Party Transaction [Line Items]
Fair Value	335
Book Value	175
APIC, Net of Tax Increase/(Decrease)	127
Realized investment gains (losses)	0
Affiliated Entity | Prudential Retirement Insurance and Annuity Co - September 2021 - Purchase - Derivatives
Related Party Transaction [Line Items]
Fair Value	(1,243)
Book Value	(1,243)
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	0
Affiliated Entity | Prudential Retirement Insurance and Annuity Co - September 2021 - Sale - Derivatives
Related Party Transaction [Line Items]
Fair Value	2,846
Book Value	770
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	2,076
Affiliated Entity | Prudential Arizona Reinsurance Universal Co - November 2021 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	41,021
Book Value	41,021
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	0
Affiliated Entity | PALAC - November 2021 - Purchase - Derivatives
Related Party Transaction [Line Items]
Fair Value	1,112
Book Value	1,112
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	0
Affiliated Entity | PALAC - December 2021 - Transfer In - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	2,037,320
Book Value	2,037,320
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	0
Affiliated Entity | Prudential Universal Reinsurance Co - December 2021 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	48,041
Book Value	48,041
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	0
Affiliated Entity | PALAC - December 2021 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	57,087
Book Value	57,087
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	0
Affiliated Entity | PALAC - December 2021 - Transfer In - Commercial Mortgage and Other Loans
Related Party Transaction [Line Items]
Fair Value	517,309
Book Value	517,309
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	0
Affiliated Entity | Prudential Insurance - December 2021 - Distributed Capital - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	166,676
Book Value	166,676
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	0
Affiliated Entity | Prudential Retirement Insurance & Annuity Co - December 2021 - Sale - Derivatives
Related Party Transaction [Line Items]
Fair Value	31,567
Book Value	0
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	31,567
Affiliated Entity | Prudential Retirement Insurance and Annuity Co- December 2021 - Purchase - Derivatives
Related Party Transaction [Line Items]
Fair Value	73,572
Book Value	73,572
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	0
Affiliated Entity | PALAC - December 2021 - Purchase - Derivatives
Related Party Transaction [Line Items]
Fair Value	8,455
Book Value	8,455
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	0
Affiliated Entity | PALAC - January 2022 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	4,432
Book Value	4,432
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	0
Affiliated Entity | PALAC - January 2022 - Purchase - Derivatives
Related Party Transaction [Line Items]
Fair Value	404
Book Value	404
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	0
Affiliated Entity | PALAC - February 2022 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	128,909
Book Value	128,909
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	$ 0

Related Party Transactions Rela

Related Party Transactions Related Party Transactions (Debt Agreements) (Details) - Affiliated Entity - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 318,088	$ 320,362
Prudential Insurance Loan Issued 8/13/2021
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 98,997	99,770
Interest Rates	4.39%
Prudential Insurance Loan Issued 8/13/2021
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 29,699	29,931
Interest Rates	4.39%
Prudential Insurance Loan Issued 8/13/2021
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 99,680	100,348
Interest Rates	3.95%
Prudential Insurance Loan Issued 8/13/2021
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 39,872	40,139
Interest Rates	3.95%
Prudential Insurance Loan Issued 8/13/2021
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 49,840	$ 50,174
Interest Rates	3.95%

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Jul. 31, 2017
Commitments and Contingent Liabilities [Line Items]
Litigation and regulatory matters loss contingency, range of possible loss, maximum (less than)	$ 100
Indonesia
Commitments and Contingent Liabilities [Line Items]
Joint Venture with CT Corp, Ownership Percentage				49.00%
Commitments | Commercial mortgage loans
Commitments and Contingent Liabilities [Line Items]
Total outstanding mortgage loan commitments	220		$ 121
Allowance for credit losses	0		0
Change in allowance for credit loss expense (reversal)	0	$ 0
Commitments | Investments
Commitments and Contingent Liabilities [Line Items]
Commitments to purchase investment (excluding commercial mortgage loans)	888		$ 753
Purchase Commitment
Commitments and Contingent Liabilities [Line Items]
Change in allowance for credit loss expense (reversal)	0	$ 0
Other Guarantees
Commitments and Contingent Liabilities [Line Items]
Accrued liabilities	$ 34