Pruco Life Insurance 10-Q 11 Aug 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Aug. 11, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
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	Jun. 30, 2022	Dec. 31, 2021
ASSETS
Fixed maturities, available for sale, at fair value (allowance for credit losses: 2022-$4,810; 2021-$4,149) (amortized cost: 2022–$16,197,708; 2021–$12,737,749)	$ 14,438,956	$ 13,278,166
Fixed maturities, trading, at fair value (amortized cost: 2022–$2,352,770; 2021–$3,319,660)	1,814,999	3,302,392
Equity securities, at fair value (cost: 2022– $238,300; 2021–$106,174)	229,268	111,267
Policy loans	489,592	1,327,485
Short-term investments	270,881	182,437
Commercial mortgage and other loans (net of $9,924 and $5,951 allowance for credit losses at June 30, 2022 and December 31, 2021, respectively)	3,066,931	2,832,560
Other invested assets (includes $114,134 and $348,004 of assets measured at fair value at June 30, 2022 and December 31, 2021, respectively)	964,752	1,209,925
Total investments	21,275,379	22,244,232
Cash and cash equivalents	1,789,752	918,931
Deferred policy acquisition costs	6,310,935	6,830,972
Accrued investment income	161,703	160,027
Reinsurance recoverables	38,809,510	38,598,767
Receivables from parent and affiliates	197,904	278,131
Deferred sales inducements	297,772	374,649
Income tax assets	1,813,748	1,316,879
Other assets	986,295	1,140,948
Separate account assets	118,792,119	149,797,828
TOTAL ASSETS	190,435,117	221,661,364
LIABILITIES
Future policy benefits	24,112,142	27,927,029
Policyholders’ account balances	39,025,034	35,361,795
Cash collateral for loaned securities	150,666	3,004
Long-term debt to affiliates	315,807	320,362
Payables to parent and affiliates	72,102	31,775
Other liabilities	3,203,069	2,264,477
Separate account liabilities	118,792,119	149,797,828
Total liabilities	185,670,939	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	6,040,341	6,042,491
Retained earnings / (accumulated deficit)	(107,081)	(437,332)
Accumulated other comprehensive income (loss)	(1,171,582)	347,435
Total equity	4,764,178	5,955,094
TOTAL LIABILITIES AND EQUITY	$ 190,435,117	$ 221,661,364

Unaudited Interim Consolidate_2

Unaudited Interim Consolidated Statements of Financial Position (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Fixed Maturities, Available-for-sale, allowance for credit losses	$ 4,810	$ 4,149
Fixed Maturities, Available-for-sale, amortized cost	16,197,708	12,737,749
Fixed maturities, trading, amortized cost	2,352,770	3,319,660
Equity securities, at cost	238,300	106,174
Commercial mortgage and other loans, allowance for credit losses	9,924	5,951
Other invested assets, at fair value	$ 114,134	$ 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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
REVENUES
Premiums	$ 57,421	$ 44,862	$ 131,666	$ 89,267
Policy charges and fee income	625,812	180,200	817,374	332,065
Net investment income	192,128	95,300	371,428	194,167
Asset administration fees	71,790	6,276	151,022	12,487
Other income (loss)	(312,016)	25,630	(639,620)	43,874
Realized investment gains (losses), net	714,709	(122,502)	1,498,816	(45,894)
TOTAL REVENUES	1,349,844	229,766	2,330,686	625,966
BENEFITS AND EXPENSES
Policyholders’ benefits	158,106	78,076	377,870	171,989
Interest credited to policyholders’ account balances	122,944	47,400	286,470	103,570
Amortization of deferred policy acquisition costs	276,173	35,115	635,720	86,955
General, administrative and other expenses	286,447	95,444	554,144	231,640
TOTAL BENEFITS AND EXPENSES	843,670	256,035	1,854,204	594,154
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total	506,174	(26,269)	476,482	31,812
Income tax expense (benefit)	75,774	6,993	71,073	(38,316)
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE	430,400	(33,262)	405,409	70,128
Equity in earnings of operating joint venture, net of taxes	(75,162)	168	(75,158)	155
NET INCOME (LOSS)	355,238	(33,094)	330,251	70,283
Other comprehensive income (loss), before tax:
Foreign currency translation adjustments	(6,200)	424	(7,870)	(4,781)
Net unrealized investment gains (losses)	(897,661)	215,967	(1,913,659)	(134,235)
Total	(903,861)	216,391	(1,921,529)	(139,016)
Less: Income tax expense (benefit) related to other comprehensive income (loss)	(189,054)	45,396	(402,512)	(28,335)
Other comprehensive income (loss), net of taxes	(714,807)	170,995	(1,519,017)	(110,681)
Comprehensive income (loss)	$ (359,569)	$ 137,901	$ (1,188,766)	$ (40,398)

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, 2020	4,047,716	2,500	1,726,690	1,772,398	546,128
Comprehensive income (loss):
NET INCOME (LOSS)	70,283
Other comprehensive income (loss), net of tax	(110,681)
Ending Balance at Jun. 30, 2021	4,079,127	2,500	1,798,499	1,842,681	435,447
Beginning Balance at Mar. 31, 2021	3,975,317	2,500	1,832,590	1,875,775	264,452
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contributed capital	(34,091)		(34,091)
Comprehensive income (loss):
NET INCOME (LOSS)	(33,094)			(33,094)
Other comprehensive income (loss), net of tax	170,995				170,995
Total comprehensive income (loss)	137,901
Ending Balance at Jun. 30, 2021	4,079,127	2,500	1,798,499	1,842,681	435,447
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)
Beginning Balance at Dec. 31, 2021	5,955,094	2,500	6,042,491	(437,332)	347,435
Comprehensive income (loss):
NET INCOME (LOSS)	330,251
Other comprehensive income (loss), net of tax	(1,519,017)
Ending Balance at Jun. 30, 2022	4,764,178	2,500	6,040,341	(107,081)	(1,171,582)
Beginning Balance at Mar. 31, 2022	5,134,057	2,500	6,050,651	(462,319)	(456,775)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contributed capital	3,194		3,194
Contributed (distributed) capital-parent/child asset transfers	(13,504)		(13,504)
Comprehensive income (loss):
NET INCOME (LOSS)	355,238			355,238
Other comprehensive income (loss), net of tax	(714,807)				(714,807)
Total comprehensive income (loss)	(359,569)
Ending Balance at Jun. 30, 2022	$ 4,764,178	$ 2,500	$ 6,040,341	$ (107,081)	$ (1,171,582)

Unaudited Interim Consolidate_5

Unaudited Interim Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 330,251	$ 70,283
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Policy charges and fee income	(104,864)	(22,018)
Interest credited to policyholders’ account balances	286,470	103,570
Realized investment (gains) losses, net	(1,498,816)	45,894
Amortization and other non-cash items	114,365	(31,361)
Change in:
Future policy benefits	1,476,307	924,447
Reinsurance recoverables	(651,569)	(934,329)
Accrued investment income	(22,745)	(3,714)
Net payables to/receivables from parent and affiliates	72,538	84,598
Deferred policy acquisition costs	147,096	(337,488)
Income taxes	(90,806)	(71,050)
Derivatives, net	(1,186,480)	(40,879)
Other, net	1,911,271	70,192
Cash flows from (used in) operating activities	783,018	(141,855)
Proceeds from the sale/maturity/prepayment of:
Fixed maturities, available-for-sale	877,701	470,550
Fixed maturities, trading	858,989	0
Equity securities	109,213	99,345
Policy loans	83,894	86,862
Ceded policy loans	(54,926)	(7,292)
Short-term investments	195,709	78,980
Commercial mortgage and other loans	113,924	85,893
Other invested assets	58,993	30,518
Payments for the purchase/origination of:
Fixed maturities, available-for-sale	(3,522,783)	(997,806)
Fixed maturities, trading	(67,781)	(1,370)
Equity securities	(232,161)	(41,074)
Policy loans	(74,108)	(60,691)
Ceded policy loans	35,490	5,139
Short-term investments	(278,180)	(28,991)
Commercial mortgage and other loans	(403,331)	(85,567)
Other invested assets	(64,361)	(31,094)
Notes receivable from parent and affiliates, net	278	(57)
Derivatives, net	(259,219)	(5,011)
Other, net	52,879	(2,305)
Cash flows from (used in) investing activities	(2,569,780)	(403,971)
CASH FLOWS FROM FINANCING ACTIVITIES:
Policyholders’ account deposits	5,275,227	2,103,227
Ceded policyholders’ account deposits	(608,678)	(1,683,933)
Policyholders’ account withdrawals	(2,381,708)	(1,594,433)
Ceded policyholders’ account withdrawals	288,895	1,386,684
Net change in securities sold under agreement to repurchase and cash collateral for loaned securities	147,670	0
Contributed capital	0	100,000
Contributed (distributed) capital - parent/child asset transfers	(165)	0
Drafts outstanding	(58,729)	47,280
Other, net	(4,929)	(1,765)
Cash flows from (used in) financing activities	2,657,583	357,060
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	870,821	(188,766)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	918,931	426,979
CASH AND CASH EQUIVALENTS, END OF PERIOD	1,789,752	238,213
Significant Non-Cash Transactions
Non-cash activities		$ 0
Lotus Re
Significant Non-Cash Transactions
Non-cash activities	525,000
FLIAC
Significant Non-Cash Transactions
Non-cash activities	$ 811,000

Business and Basis of Presentat

Business and Basis of Presentation	6 Months Ended
	Jun. 30, 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. Prudential Financial Sale of PALAC Effective April 1, 2022, Prudential Financial completed the sale of Prudential Annuities Life Assurance Corporation (“PALAC”) to Fortitude Group Holdings, LLC (“Fortitude”). As such, PALAC is no longer an affiliate of Prudential Financial or the Company. Fortitude subsequently renamed the company Fortitude Life Insurance & Annuity Company (“FLIAC”) . 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 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 FLIAC Effective December 1, 2021, the Company entered into a reinsurance agreement with FLIAC (previously named 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 FLIAC. 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 subsequently 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 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 Adjustments During the three and six months ending June 30, 2022, the Company recorded out of period adjustments resulting in an aggregate net benefit of $32 million and $50 million, respectively, to “Income (loss) from operations before income taxes and equity in earnings of operating joint venture”. These adjustments related to reserves for certain universal and variable life products and certain portions of variable life and annuities reinsurance activity, of which $48 million was recorded in the first quarter of 2022. 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	6 Months Ended
	Jun. 30, 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 June 30, 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 June 30, 2022 — ASU 2018-12 ASU 2018-12 , 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 increase 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. As a result of the modified retrospective transition method, the Company expects the vast majority of the impact of updating cash flow assumptions as of the transition date to be reflected in the pattern of earnings in subsequent periods. 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. The Company expects a decrease 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 as of the adoption date. 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 deferred sales inducements, 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 does 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 a decrease to “Retained earnings” and an offsetting increase to AOCI from reclassifying the cumulative effect of changes in NPR from retained earnings to AOCI. The Company also expects an impact to "Retained earnings" related to 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). The magnitude of such adjustments is currently being assessed. Other ASU issued but not yet adopted as of June 30, 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 and restructurings 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	6 Months Ended
	Jun. 30, 2022
Investments [Abstract]
Investments	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: June 30, 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 $ 636,878 $ 1,921 $ 44,925 $ 0 $ 593,874 Obligations of U.S. states and their political subdivisions 569,296 5,347 20,633 0 554,010 Foreign government bonds 319,719 705 51,864 116 268,444 U.S. public corporate securities 6,034,911 29,418 736,312 0 5,328,017 U.S. private corporate securities 2,509,630 6,792 228,868 1,831 2,285,723 Foreign public corporate securities 1,222,452 2,629 136,018 0 1,089,063 Foreign private corporate securities 3,140,859 190 503,503 2,863 2,634,683 Asset-backed securities(1) 925,707 322 31,476 0 894,553 Commercial mortgage-backed securities 740,060 723 46,095 0 694,688 Residential mortgage-backed securities(2) 98,196 526 2,821 0 95,901 Total fixed maturities, available-for-sale $ 16,197,708 $ 48,573 $ 1,802,515 $ 4,810 $ 14,438,956 (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: June 30, 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 $ 446,399 $ 44,627 $ 1,909 $ 298 $ 448,308 $ 44,925 Obligations of U.S. states and their political subdivisions 332,051 20,633 0 0 332,051 20,633 Foreign government bonds 222,423 42,170 23,269 9,688 245,692 51,858 U.S. public corporate securities 4,343,243 670,173 170,150 66,139 4,513,393 736,312 U.S. private corporate securities 2,062,339 215,192 100,094 13,676 2,162,433 228,868 Foreign public corporate securities 825,007 119,741 60,464 16,277 885,471 136,018 Foreign private corporate securities 2,441,224 466,582 162,515 36,921 2,603,739 503,503 Asset-backed securities 592,720 26,070 53,576 5,406 646,296 31,476 Commercial mortgage-backed securities 490,544 36,875 46,379 9,220 536,923 46,095 Residential mortgage-backed securities 37,902 2,821 0 0 37,902 2,821 Total fixed maturities, available-for-sale $ 11,793,852 $ 1,644,884 $ 618,356 $ 157,625 $ 12,412,208 $ 1,802,509 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 June 30, 2022 and December 31, 2021, the gross unrealized losses on fixed maturity available-for-sale securities without an allowance were composed of $1,627.8 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 $174.7 million and $18.4 million, respectively, related to other than high or highest quality securities based on NAIC or equivalent rating. As of June 30, 2022, the $157.6 million of gross unrealized losses of twelve months or more were concentrated in the Company’s corporate securities within the finance, consumer non-cyclical and utility 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 June 30, 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 June 30, 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: June 30, 2022 Amortized Cost Fair Value (in thousands) Fixed maturities, available-for-sale: Due in one year or less $ 404,018 $ 389,373 Due after one year through five years 3,869,672 3,619,474 Due after five years through ten years 4,198,773 3,645,235 Due after ten years 5,961,282 5,099,732 Asset-backed securities 925,707 894,553 Commercial mortgage-backed securities 740,060 694,688 Residential mortgage-backed securities 98,196 95,901 Total fixed maturities, available-for-sale $ 16,197,708 $ 14,438,956 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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 (in thousands) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 403,660 $ 283,241 $ 678,089 $ 316,990 Proceeds from maturities/prepayments 110,426 96,373 230,787 170,458 Gross investment gains from sales and maturities (652) 8,156 (1,358) 8,508 Gross investment losses from sales and maturities (22,461) (9,087) (41,903) (11,656) Write-downs recognized in earnings(2) (19,519) 0 (19,516) (2) (Addition to) release of allowance for credit losses 15,915 2,300 (661) 1,781 (1) Excludes activities from non-cash related proceeds due to the timing of trade settlements of $(31.2) million and $(16.9) million for the six months ended June 30, 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 June 30, 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 $ 399 $ 20,326 $ 0 $ 0 $ 0 $ 20,725 Additions to allowance for credit losses not previously recorded 0 0 2,904 0 0 0 2,904 Reductions for securities sold during the period 0 (1) (1,202) 0 0 0 (1,203) Reductions for securities with intent to sell 0 (324) (16,666) 0 0 0 (16,990) Addition (reductions) on securities with previous allowance 0 42 (668) 0 0 0 (626) Balance, end of period $ 0 $ 116 $ 4,694 $ 0 $ 0 $ 0 $ 4,810 Three Months Ended June 30, 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 $ 2,858 $ 0 $ 0 $ 0 $ 2,858 Reductions for securities sold during the period 0 0 (14) 0 0 0 (14) Addition (reductions) on securities with previous allowance 0 0 (2,286) 0 0 0 (2,286) Balance, end of period $ 0 $ 0 $ 558 $ 0 $ 0 $ 0 $ 558 Six Months Ended June 30, 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 12,162 0 0 0 12,491 Reductions for securities sold during the period 0 (4) (1,202) 0 0 0 (1,206) Reductions for securities with intent to sell 0 (324) (16,666) 0 0 0 (16,990) Addition (reductions) on securities with previous allowance 0 104 6,262 0 0 0 6,366 Balance, end of period $ 0 $ 116 $ 4,694 $ 0 $ 0 $ 0 $ 4,810 Six Months Ended June 30, 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 (25) 0 0 0 (25) Addition (reductions) on securities with previous allowance 0 0 (1,756) 0 0 0 (1,756) Balance, end of period $ 0 $ 0 $ 558 $ 0 $ 0 $ 0 $ 558 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 June 30, 2022, the net decrease in the allowance for credit losses on available-for-sale securities was primarily related to the communications sector within corporate securities. For the three months ended June 30, 2021, the net decrease in the allowance for credit losses on available-for-sale securities was primarily related to the improving credit environment in the communications and utility sectors within private corporate securities. For the six months ended June 30, 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 capital goods and utility sectors within corporate securities, partially offset by an increase in the communications sector. For the six months ended June 30, 2021, the net decrease in the allowance for credit losses on available-for-sale securities was primarily related to the improving credit environment in the communications and utility sectors within private corporate securities. The Company did not have any fixed maturity securities purchased with credit deterioration, as of both June 30, 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 $(184.1) million and $0.2 million during the three months ended June 30, 2022 and 2021, respectively, and $(520.5) million and $(2.5) million during the six months ended June 30, 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 $(10.0) million and $0.5 million during the three months ended June 30, 2022 and 2021, respectively, and $(14.1) million and less than $0.1 million during the six months ended June 30, 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: June 30, 2022 December 31, 2021 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Apartments/Multi-Family $ 792,222 25.8 % $ 748,414 26.4 % Hospitality 83,476 2.7 48,141 1.7 Industrial 1,064,620 34.6 916,398 32.2 Office 459,646 14.9 445,055 15.7 Other 254,714 8.3 252,590 8.9 Retail 228,494 7.4 255,577 9.0 Total commercial mortgage loans 2,883,172 93.7 2,666,175 93.9 Agricultural property loans 193,683 6.3 172,336 6.1 Total commercial mortgage and agricultural property loans 3,076,855 100.0 % 2,838,511 100.0 % Allowance for credit losses (9,924) (5,951) Total net commercial mortgage and agricultural property loans $ 3,066,931 $ 2,832,560 As of June 30, 2022, the commercial mortgage and agricultural property loans were secured by properties geographically dispersed throughout the United States (with the largest concentrations in California (23%), Texas (12%) and New York (6%)) and included loans secured by properties in Europe (13%), Australia (3%) and Mexico (2%). The following tables set forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated: Three Months Ended June 30, 2022 2021 Commercial Mortgage Loans Agricultural Property Loans Total Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Allowance, beginning of period $ 6,324 $ 122 $ 6,446 $ 4,309 $ 5 $ 4,314 Addition to (release of) allowance for expected losses 3,380 98 3,478 (929) 19 (910) Allowance, end of period $ 9,704 $ 220 $ 9,924 $ 3,380 $ 24 $ 3,404 Six Months Ended June 30, 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 3,857 116 3,973 (1,166) 18 (1,148) Allowance, end of period $ 9,704 $ 220 $ 9,924 $ 3,380 $ 24 $ 3,404 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 June 30, 2022, the net increase in the allowance for credit losses on commercial mortgage and other loans was primarily related to an increase in the general allowance due to current market conditions. For the three months ended June 30, 2021, the net decrease in the allowance for credit losses on commercial mortgage and other loans was primarily related to the improving credit environment. For the six months ended June 30, 2022, the net increase in the allowance for credit losses on commercial mortgage and other loans was primarily related to an increase in the general allowance due to current market conditions and loan originations. For the six months ended June 30, 2021, the net decrease in the allowance for credit losses on commercial mortgage and other loans was primarily related to 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: June 30, 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% $ 36,935 $ 47,157 $ 5,584 $ 164,712 $ 83,681 $ 619,216 $ 957,285 60%-69.99% 176,681 324,556 237,578 273,374 165,783 250,876 1,428,848 70%-79.99% 129,179 146,541 71,275 72,099 2,728 74,270 496,092 80% or greater 0 0 0 0 0 947 947 Total $ 342,795 $ 518,254 $ 314,437 $ 510,185 $ 252,192 $ 945,309 $ 2,883,172 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 342,795 $ 501,528 $ 199,237 $ 448,221 $ 245,427 $ 843,926 $ 2,581,134 1.0 - 1.2x 0 16,726 108,998 39,097 6,765 45,452 217,038 Less than 1.0x 0 0 6,202 22,867 0 55,931 85,000 Total $ 342,795 $ 518,254 $ 314,437 $ 510,185 $ 252,192 $ 945,309 $ 2,883,172 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 27,995 $ 99,101 $ 26,184 $ 16,121 $ 6,343 $ 17,939 $ 193,683 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 $ 27,995 $ 99,101 $ 26,184 $ 16,121 $ 6,343 $ 17,939 $ 193,683 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 27,995 $ 99,101 $ 26,184 $ 16,121 $ 6,343 $ 17,151 $ 192,895 1.0 - 1.2x 0 0 0 0 0 0 0 Less than 1.0x 0 0 0 0 0 788 788 Total $ 27,995 $ 99,101 $ 26,184 $ 16,121 $ 6,343 $ 17,939 $ 193,683 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: June 30, 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 $ 2,883,172 $ 0 $ 0 $ 0 $ 2,883,172 $ 0 Agricultural property loans 193,683 0 0 0 193,683 0 Total $ 3,076,855 $ 0 $ 0 $ 0 $ 3,076,855 $ 0 (1) As of June 30, 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 and six months ended June 30, 2022, there were $27.6 million of commercial mortgage and other loans acquired, other than those through direct origination, and there were $24.8 million of commercial mortgage and other loans sold. For both the three and six months ended June 30, 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 June 30, 2022 and December 31, 2021. Other Invested Assets The following table sets forth the composition of “Other invested assets,” as of the dates indicated: June 30, 2022 December 31, 2021 (in thousands) Company’s investment in separate accounts $ 716 $ 53,694 LPs/LLCs: Equity method: Private equity 306,449 286,141 Hedge funds 440,632 432,749 Real estate-related 102,821 89,337 Subtotal equity method 849,902 808,227 Fair value: Private equity 66,186 69,137 Hedge funds 456 481 Real estate-related 9,726 9,861 Subtotal fair value 76,368 79,479 Total LPs/LLCs 926,270 887,706 Derivative instruments 37,766 268,525 Total other invested assets $ 964,752 $ 1,209,925 Accrued Investment Income The following table sets forth the composition of “Accrued investment income,” as of the dates indicated: June 30, 2022 December 31, 2021 (in thousands) Fixed maturities $ 137,177 $ 117,216 Equity securities 236 2 Commercial mortgage and other loans 8,517 7,025 Policy loans 14,749 35,153 Other invested assets 50 254 Short-term investments and cash equivalents 974 377 Total accrued investment income $ 161,703 $ 160,027 There were no significant write-downs on accrued investment income for both the three months and six months ended June 30, 2022 and 2021. Net Investment Income The following table sets forth “Net investment income” by investment type, for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (in thousands) Fixed maturities, available-for-sale $ 121,986 $ 63,630 $ 231,177 $ 123,588 Fixed maturities, trading 12,479 544 28,044 1,075 Equity securities 1,190 102 1,352 205 Commercial mortgage and other loans 22,801 13,322 45,049 26,748 Policy loans 5,153 17,315 10,219 34,349 Other invested assets 38,243 5,735 75,033 18,808 Short-term investments and cash equivalents 3,441 33 4,089 160 Gross investment income 205,293 100,681 394,963 204,933 Less: investment expenses (13,165) (5,381) (23,535) (10,766) Net investment income $ 192,128 $ 95,300 $ 371,428 $ 194,167 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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 (in thousands) Fixed maturities(1) $ (26,717) $ 1,369 $ (63,438) $ (1,369) Commercial mortgage and other loans (5,756) 910 (6,359) 1,148 Other invested assets 1,894 887 3,536 909 Derivatives 745,236 (125,662) 1,565,289 (46,571) Short-term investments and cash equivalents 52 (6) (212) (11) Realized investment gains (losses), net $ 714,709 $ (122,502) $ 1,498,816 $ (45,894) (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: June 30, 2022 December 31, 2021 (in thousands) Fixed maturity securities, available-for-sale with an allowance $ 3,518 $ 3,685 Fixed maturity securities, available-for-sale without an allowance (1,757,460) 540,881 Derivatives designated as cash flow hedges(1) 144,390 39,896 Affiliated notes (10,756) 73 Other investments(2) 1,846 1,854 Net unrealized gains (losses) on investments $ (1,618,462) $ 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 June 30, 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: June 30, 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 $ 5,528 $ 0 $ 5,528 $ 3,004 $ 0 $ 3,004 Foreign public corporate securities 2,163 0 2,163 0 0 0 Equity securities 142,975 0 142,975 0 0 0 Total cash collateral for loaned securities(1) $ 150,666 $ 0 $ 150,666 $ 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	6 Months Ended
	Jun. 30, 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 of the netting effects of master netting agreements and cash collateral. June 30, 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 $ 3,267 $ 0 $ (190) $ 3,344 $ 55 $ 0 Foreign Currency Swaps 1,376,431 156,102 (9) 886,552 37,259 (6,900) Total Derivatives Designated as Hedge Accounting Instruments $ 1,379,698 $ 156,102 $ (199) $ 889,896 $ 37,314 $ (6,900) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 135,289,710 $ 5,468,843 $ (13,071,332) $ 130,358,860 $ 5,698,740 $ (10,348,130) Interest Rate Options 9,193,000 85,071 (253,193) 9,883,000 280,323 (173,863) Interest Rate Futures 1,670,300 34,624 (14,782) 4,109,300 2,876 (2,709) Interest Rate Forwards 115,000 0 (5,002) 195,000 3,760 (991) Foreign Currency Foreign Currency Forwards 259,344 8,765 (605) 119,653 842 (1,063) Credit Credit Default Swaps 2,079,750 0 (3,238) 306,900 24,789 0 Currency/Interest Rate Foreign Currency Swaps 1,926,100 180,430 (4,517) 2,139,523 68,477 (23,251) Equity Total Return Swaps 12,393,180 854,969 (159,232) 15,129,666 66,627 (475,209) Equity Options 36,440,892 564,881 (970,460) 19,461,881 902,050 (1,535,272) Equity Futures 2,993,322 1,611 (21,453) 5,015,002 736 (6,595) Total Derivatives Not Qualifying as Hedge Accounting Instruments $ 202,360,598 $ 7,199,194 $ (14,503,814) $ 186,718,785 $ 7,049,220 $ (12,567,083) Total Derivatives(1)(2) $ 203,740,296 $ 7,355,296 $ (14,504,013) $ 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 $5,707 million and $9,048 million as of June 30, 2022 and December 31, 2021, respectively included in "Future policy benefits" and $3,428 million and $3,246 million as of June 30, 2022 and December 31, 2021, respectively included in "Policyholders' account balances". Other assets included $76 million and $73 million as of June 30, 2022 and December 31, 2021, respectively. Other liabilities included $24 million and $13 million as of June 30, 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 $555 million and $931 million as of June 30, 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. June 30, 2022 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 7,355,296 $ (7,317,530) $ 37,766 $ 0 $ 37,766 Securities purchased under agreements to resell 0 0 0 0 0 Total Assets $ 7,355,296 $ (7,317,530) $ 37,766 $ 0 $ 37,766 Offsetting of Financial Liabilities: Derivatives $ 14,504,013 $ (14,428,241) $ 75,772 $ (75,772) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 14,504,013 $ (14,428,241) $ 75,772 $ (75,772) $ 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 June 30, 2022 Realized Net Other Change in AOCI (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Interest Rate $ 0 $ 4 $ 0 $ (64) Currency/Interest Rate 417 8,717 33,483 91,734 Total cash flow hedges 417 8,721 33,483 91,670 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (1,670,415) 0 0 0 Currency 15,504 0 0 0 Currency/Interest Rate 114,645 0 290 0 Credit (38,726) 0 0 0 Equity 933,277 0 0 0 Embedded Derivatives 1,390,534 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments 744,819 0 290 0 Total $ 745,236 $ 8,721 $ 33,773 $ 91,670 Six Months Ended June 30, 2022 Realized Net Other Change in AOCI (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Interest Rate $ 1 $ 16 $ 0 $ (221) Currency/Interest Rate (354) 16,566 40,183 104,715 Total cash flow hedges (353) 16,582 40,183 104,494 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (3,296,352) 0 0 0 Currency 19,801 0 0 0 Currency/Interest Rate 112,937 0 0 0 Credit (41,449) 0 403 0 Equity 1,324,537 0 0 0 Embedded Derivatives 3,446,168 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments 1,565,642 0 403 0 Total $ 1,565,289 $ 16,582 $ 40,586 $ 104,494 Three Months Ended June 30, 2021 Realized Net Other Change in AOCI (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Interest Rate $ 0 $ 12 $ 0 $ 26 Currency/Interest Rate 69 2,330 (595) 15,635 Total cash flow hedges 69 2,342 (595) 15,661 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 16,719 0 0 0 Currency (203) 0 0 0 Currency/Interest Rate 2,898 0 (3) 0 Credit 0 0 0 0 Equity 19,694 0 0 0 Embedded Derivatives (164,839) 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments (125,731) 0 (3) 0 Total $ (125,662) $ 2,342 $ (598) $ 15,661 Six Months Ended June 30, 2021 Realized Net Other Change in AOCI (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Interest Rate $ 1 $ 23 $ 0 $ (99) Currency/Interest Rate (94) 4,791 1,121 20,459 Total cash flow hedges (93) 4,814 1,121 20,360 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (20,652) 0 0 0 Currency 834 0 0 0 Currency/Interest Rate 3,090 0 (14) 0 Credit (12) 0 0 0 Equity 35,256 0 0 0 Embedded Derivatives (64,994) 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments (46,478) 0 (14) 0 Total $ (46,571) $ 4,814 $ 1,107 $ 20,360 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 (204) Currency/Interest Rate 161,110 Total amount recorded in AOCI 160,906 Amount reclassified from AOCI to income Interest Rate (17) Currency/Interest Rate (56,395) Total amount reclassified from AOCI to income (56,412) Balance, June 30, 2022 $ 144,390 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 June 30, 2022 values, it is estimated that a pre-tax gain of $18 million is expected to be reclassified from AOCI to earnings during the subsequent twelve months ending June 30, 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 $2,080 million and $157 million as of June 30, 2022 and December 31, 2021, respectively. These credit derivatives are reported at fair value as a liability of $3 million and as an asset of $11 million as of June 30, 2022 and December 31, 2021, respectively. As of June 30, 2022 the notional amount of these credit derivatives had the following NAIC rating: $1,981 million in NAIC 3 and $99 million in NAIC 6. 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 June 30, 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 June 30, 2022 and December 31, 2021, respectively. 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 regulated derivatives exchanges for exchange traded derivatives and 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	6 Months Ended
	Jun. 30, 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. June 30, 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 $ 593,874 $ 0 $ $ 593,874 Obligations of U.S. states and their political subdivisions 0 554,010 0 554,010 Foreign government bonds 0 268,309 135 268,444 U.S. corporate public securities 0 5,328,017 0 5,328,017 U.S. corporate private securities 0 2,112,731 172,992 2,285,723 Foreign corporate public securities 0 1,081,970 7,093 1,089,063 Foreign corporate private securities 0 2,496,890 137,793 2,634,683 Asset-backed securities(2) 0 860,209 34,344 894,553 Commercial mortgage-backed securities 0 605,744 88,944 694,688 Residential mortgage-backed securities 0 95,901 0 95,901 Subtotal 0 13,997,655 441,301 14,438,956 Fixed maturities, trading 0 1,814,999 0 1,814,999 Equity securities 184,148 15,337 29,783 229,268 Short-term investments 0 139,109 2,772 141,881 Cash equivalents 0 917,443 0 917,443 Other invested assets(3) 36,359 7,318,937 0 (7,317,530) 37,766 Other assets 0 0 75,858 75,858 Reinsurance recoverables 0 0 555,053 555,053 Receivables from parent and affiliates 0 150,946 0 150,946 Subtotal excluding separate account assets 220,507 24,354,426 1,104,767 (7,317,530) 18,362,170 Separate account assets(4)(5) 68,279 113,591,798 0 113,660,077 Total assets $ 288,786 $ 137,946,224 $ 1,104,767 $ (7,317,530) $ 132,022,247 Future policy benefits(6) $ 0 $ 0 $ 5,706,968 $ $ 5,706,968 Policyholders' account balances 0 0 3,427,667 3,427,667 Payables to parent and affiliates 0 14,467,750 0 (14,424,444) 43,306 Other liabilities 36,235 (24,189) 0 (3,797) 8,249 Total liabilities $ 36,235 $ 14,443,561 $ 9,134,635 $ (14,428,241) $ 9,186,190 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 $(7,111) million and $(5,750) million as of June 30, 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 June 30, 2022 and December 31, 2021, the fair values of such investments were $76 million and $79 million, respectively. (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 June 30, 2022 and December 31, 2021, the fair value of such investments was $5,132 million and $5,686 million, respectively. (6) As of June 30, 2022, the net embedded derivative liability position of $5,707 million includes $714 million of embedded derivatives in an asset position and $6,421 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. June 30, 2022 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Average Impact of (in thousands) Assets: Corporate securities(2) $ 237,632 Discounted cash flow Discount rate 10.26 % 20 % 12.67 % Decrease Market Comparables EBITDA multiples(3) 1.8 X 18.5 X 7.5 X Increase Reinsurance recoverables $ 555,053 Fair values are determined using the same unobservable inputs as future policy benefits. Liabilities: Future policy benefits(4) $ 5,706,968 Discounted cash flow Lapse rate(6) 1 % 20 % Decrease Spread over SOFR(7) 0.51 % 2.14 % Decrease Utilization rate(8) 38 % 95 % Increase Withdrawal rate See table footnote (9) below. Mortality rate(10) 0 % 15 % Decrease Equity volatility curve 18 % 28 % Increase Policyholders' account balances(5) $ 3,427,667 Discounted cash flow Lapse rate(6) 1 % 80 % Decrease Spread over SOFR(7) 0.24 % 2.14 % Decrease Mortality rate(10) 0 % 23 % Decrease Equity volatility curve 6 % 36 % 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 Secured Overnight Financing Rate (“SOFR”) swap curve and the London Inter-Bank Offered Rate (“LIBOR”) swap curve represents the premium added to the proxy for the risk-free rate (SOFR or LIBOR, as applicable) 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 as of June 30, 2022 and December 31, 2021, respectively. 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 June 30, 2022 and December 31, 2021, the minimum withdrawal rate assumption is 77% and 76%, respectively. As of June 30, 2022 and December 31, 2021, 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 June 30, 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 140 (5) 0 0 0 0 0 0 0 135 (5) Corporate securities(4) 385,358 (12,845) 83,901 (11,217) 0 (21,195) 0 0 (106,124) 317,878 (10,577) Structured securities(5) 112,116 (10,352) 33,490 0 0 (571) 0 0 (11,395) 123,288 (10,305) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 0 0 0 0 Equity securities 11,463 (1,111) 10,000 (230) 0 0 9,661 0 0 29,783 (1,129) Short-term investments 0 5 2,766 0 0 (54) 0 55 0 2,772 0 Other assets 75,201 8,050 (6,574) 0 0 (819) 0 0 0 75,858 7,231 Reinsurance recoverables 700,700 (179,685) 34,038 0 0 0 0 0 0 555,053 (174,545) Liabilities: Future policy benefits (6,964,587) 1,510,153 0 0 (252,534) 0 0 0 0 (5,706,968) 1,460,746 Policyholders' account balances(6) (3,260,195) 71,103 0 0 0 (238,575) 0 0 0 (3,427,667) (341,035) Three Months Ended June 30, 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 $ (1,909) $ 0 $ (21,240) $ (53) $ 631 $ 0 $ (21,518) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 Equity securities 0 (1,111) 0 0 0 (1,129) 0 Short-term investments 0 0 0 5 0 0 0 Other assets 8,050 0 0 0 7,231 0 0 Reinsurance recoverables (179,685) 0 0 0 (174,545) 0 0 Liabilities: Future policy benefits 1,510,153 0 0 0 1,460,746 0 0 Policyholders' account balances 71,103 0 0 0 (341,035) 0 0 Six Months Ended June 30, 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 (15) 0 0 0 0 0 0 0 135 (15) Corporate securities(4) 385,634 (49,220) 133,311 (12,388) 0 (33,335) 0 0 (106,124) 317,878 (47,042) Structured securities(5) 173,944 (22,328) 33,490 0 0 (1,073) 0 0 (60,745) 123,288 (22,280) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 0 0 0 0 Equity securities 12,472 (2,120) 10,000 (230) 0 0 9,661 0 0 29,783 (2,138) Short-term investments 0 5 2,766 0 0 (54) 0 55 0 2,772 0 Other assets 72,937 4,337 1,241 0 0 (2,657) 0 0 0 75,858 1,679 Reinsurance recoverables 931,207 (445,494) 69,340 0 0 0 0 0 0 555,053 (430,193) Liabilities: Future policy benefits (9,047,956) 3,856,540 0 0 (515,552) 0 0 0 0 (5,706,968) 3,702,735 Policyholders' account balances(6) (3,245,773) (29,550) 0 0 0 (391,366) 239,022 0 0 (3,427,667) (492,251) Six Months Ended June 30, 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 $ (16,812) $ 0 $ (55,081) $ 330 $ (14,380) $ 0 $ (54,957) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 Equity securities 0 (2,120) 0 0 0 (2,138) 0 Short-term investments 0 0 0 5 0 0 0 Other assets 4,337 0 0 0 1,679 0 0 Reinsurance recoverables (445,494) 0 0 0 (430,193) 0 0 Liabilities: Future policy benefits 3,856,540 0 0 0 3,702,735 0 0 Policyholders' account balances (29,550) 0 0 0 (492,251) 0 0 Three Months Ended June 30, 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 157 (1) 0 0 0 0 0 0 0 156 (1) Corporate securities(4) 165,491 5,050 23 0 0 (2,208) 0 2,474 0 170,830 5,000 Structured securities(5) 2,134 2 25,450 0 0 (407) 0 0 0 27,179 1 Other assets: Fixed maturities, trading 767 34 0 0 0 0 0 0 0 801 33 Equity securities 7,678 327 0 0 0 0 0 0 0 8,005 327 Short-term investments 0 0 0 0 0 0 0 0 0 0 0 Other assets 0 0 0 0 0 0 0 0 0 0 0 Reinsurance recoverables 7,447,863 1,550,027 277,633 0 0 0 0 0 0 9,275,523 1,638,970 Liabilities: Future policy benefits (7,435,081) (1,552,781) 0 0 (275,654) 0 0 0 0 (9,263,516) (1,640,666) Policyholders' account balances(6) (1,031,525) (146,924) 0 0 0 21,839 0 0 0 (1,156,610) (128,815) Three Months Ended June 30, 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 $ 2,316 $ 0 $ 2,708 $ 27 $ 2,300 $ 0 $ 2,700 Other assets: Fixed maturities, trading 0 34 0 0 0 33 0 Equity securities 0 327 0 0 0 327 0 Other assets 0 0 0 0 0 0 0 Short-term investments 0 0 0 0 0 0 0 Reinsurance recoverables 1,550,027 0 0 0 1,638,970 0 0 Liabilities: Future policy benefits (1,552,781) 0 0 0 (1,640,666) 0 0 Policyholders' account balances (146,924) 0 0 0 (128,815) 0 0 Six Months Ended June 30, 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 (7) 0 0 0 0 0 0 0 156 (8) Corporate securities(4) 174,776 (7,032) 2,342 0 0 (4,373) 0 5,117 0 170,830 (7,101) Structured securities(5) 2,065 (13) 25,950 0 0 (823) 0 0 0 27,179 (13) Other assets: Fixed maturities, trading 755 46 0 0 0 0 0 0 0 801 46 Equity securities 7,889 116 0 0 0 0 0 0 0 8,005 116 Short-term investments 0 0 0 0 0 0 0 0 0 0 0 Other assets 0 0 0 0 0 0 0 0 0 0 0 Reinsurance recoverables 13,239,539 (4,519,882) 555,866 0 0 0 0 0 0 9,275,523 (4,201,349) Liabilities: Future policy benefits (13,227,814) 4,516,201 0 0 (551,903) 0 0 0 0 (9,263,516) 4,197,669 Policyholders' account balances(6) (1,155,274) (36,667) 0 0 0 35,331 0 0 0 (1,156,610) (325) Six Months Ended June 30, 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 $ 1,808 $ 0 $ (8,910) $ 50 $ 1,799 $ 0 $ (8,921) Other assets: Fixed maturities, trading 0 46 0 0 0 46 0 Equity securities 0 116 0 0 0 116 0 Short-term investments 0 0 0 0 0 0 0 Other assets 0 0 0 0 0 0 0 Reinsurance recoverables (4,519,882) 0 0 0 (4,201,349) 0 0 Liabilities: Future policy benefits 4,516,201 0 0 0 4,197,669 0 0 Policyholders' account balances (36,667) 0 0 0 (325) 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 largely 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. Nonrecurring Fair Value Measurements - The following tables represent information for assets measured at fair value on a nonrecurring basis. The fair value measurement is nonrecurring as these assets are measured at fair value only when there is a triggering event (e.g., an evidence of impairment). Assets included in the table are those that were impaired during the respective reporting periods and that are still held as of the reporting date. The estimated fair values for these amounts were determined using significant unobservable inputs (Level 3). Three Month Ended June 30, Six Month Ended June 30, 2022 2021 2022 2021 (in thousands) Equity in earnings of operating joint venture, net of taxes Investment in joint venture $ (75,000) $ 0 $ (75,000) $ 0 June 30, 2022 December 31, 2021 (in thousands) Carrying value after measurement as of period end: Investment in joint venture $ 60,456 $ 0 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. June 30, 2022 Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in thousands) Assets: Commercial mortgage and other loans $ 0 $ 0 $ 2,852,215 $ 2,852,215 $ 3,066,931 Policy loans 0 0 489,592 489,592 489,592 Short-term investments 129,000 0 0 129,000 129,000 Cash and cash equivalents 872,309 0 0 872,309 872,309 Accrued investment income 0 161,703 0 161,703 161,703 Reinsurance recoverables 0 0 26,248 26,248 27,938 Receivables from parent and affiliates 0 46,958 0 46,958 46,958 Other assets 0 43,201 480,772 523,973 523,973 Total assets $ 1,001,309 $ 251,862 $ 3,848,827 $ 5,101,998 $ 5,318,404 Liabilities: Policyholders’ account balances - investment contracts $ 0 $ 1,285,380 $ 2,619,853 $ 3,905,233 $ 3,920,807 Cash collateral for loaned securities 0 150,666 0 150,666 150,666 Long-term debt to affiliates 0 297,877 0 297,877 315,807 Payables to parent and affiliates 0 28,796 0 28,796 28,796 Other liabilities 0 813,143 33,250 846,393 846,393 Total liabilities $ 0 $ 2,575,862 $ 2,653,103 $ 5,228,965 $ 5,262,469 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	6 Months Ended
	Jun. 30, 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 determining the full year projected tax rate, the Company considers the realizability of deferred tax assets, including those associated with unrealized investment losses, and has determined based upon the weight of available evidence that no valuation allowance is necessary related to unrealized investment losses. 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 operating joint ventures are recorded within “Equity in earnings of operating joint ventures, 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 expense of $71.1 million, or 14.92% of income (loss) from operations before income taxes and equity in earnings of operating joint venture, in the first six months of 2022, compared to an income tax benefit of $(38.3) million, or (120.44)%, in the first six 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	6 Months Ended
	Jun. 30, 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”), Gibraltar Universal Life Reinsurance Company ("GUL Re"), Dryden Arizona Reinsurance Term Company (“DART”), Lotus Reinsurance Company Ltd. ("Lotus Re"), PALAC, a former subsidiary of Prudential Financial that was sold to Fortitude on April 1, 2022, which is discussed in Note 1, 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. Reinsurance agreements that do not expose the Company to a reasonable possibility of a significant loss from insurance risk are recorded using the deposit method of accounting. The deposit assets on reinsurance are recorded within “Other assets” and the corresponding funds withheld liability for assets retained under these reinsurance agreements are recorded within “Other liabilities.” Balances associated with these agreements are included in the tables below. Realized investment gains and losses include the impact of reinsurance agreements, particularly reinsurance agreements involving living benefit guarantees and index-linked features of certain annuity products. 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 June 30, 2022 and December 31, 2021 were as follows: June 30, 2022 December 31, 2021 (in thousands) Reinsurance recoverables $ 38,809,510 $ 38,598,767 Policy loans (1,012,829) (156,749) Deferred policy acquisition costs(1) (3,203,610) (2,575,232) Deferred sales inducements (34,354) (37,905) Other assets(2)(3) 854,974 850,681 Policyholders’ account balances (2)(4) 13,655,630 14,386,443 Future policy benefits(5) 5,167,591 5,286,252 Other liabilities(2)(6) 2,616,417 1,642,413 (1) Includes $481 million and $0 million of unaffiliated activity as of June 30, 2022 and December 31, 2021, respectively. (2) Prior period has been reclassified to conform to the current period presentation to include reinsurance agreements using the deposit method of accounting. (3) Includes $742 million and $497 million of unaffiliated activity as of June 30, 2022 and December 31, 2021, respectively. (4) Includes $9,209 million and $0 million of unaffiliated activity as of June 30, 2022 and December 31, 2021, respectively. (5) Includes $2 million and $0.0 million of unaffiliated activity as of June 30, 2022 and December 31, 2021, respectively. (6) Includes $599 million and $467 million of unaffiliated activity as of June 30, 2022 and December 31, 2021, respectively. The deposit assets on reinsurance totaled $521 million and $497 million at June 30, 2022 and December 31, 2021, respectively. The funds withheld liabilities totaled $458 million and $419 million at June 30, 2022 and December 31, 2021, respectively. Reinsurance recoverables by counterparty are broken out below: June 30, 2022 December 31, 2021 (in thousands) PAR U $ 13,365,163 $ 13,523,832 PALAC(1) 0 7,198,504 PURC 5,760,428 5,830,441 PARCC 2,282,435 2,371,491 GUL Re 2,666,661 2,710,926 PAR Term 1,998,500 1,972,339 Prudential Insurance 1,378,191 2,082,551 Term Re 2,006,812 1,953,063 Lotus Re 1,986,321 32,039 DART 708,366 644,101 Unaffiliated(1) 6,656,633 279,480 Total reinsurance recoverables $ 38,809,510 $ 38,598,767 (1) Due to the sale of PALAC on April 1, 2022 the reinsurance recoverable balance has become unaffiliated. Reinsurance amounts, included in the Company’s Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss) for the three and six months ended June 30, were as follows: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (in thousands) Premiums: Direct $ 471,343 $ 486,008 $ 945,271 $ 972,885 Assumed(1) (9,474) 41 (8,077) 84 Ceded(2) (404,448) (441,187) (805,528) (883,702) Net premiums 57,421 44,862 131,666 89,267 Policy charges and fee income: Direct 900,644 893,456 1,802,968 1,803,345 Assumed(3) 161,372 146,537 312,193 286,650 Ceded(4) (436,204) (859,793) (1,297,787) (1,757,930) Net policy charges and fee income 625,812 180,200 817,374 332,065 Net investment income: Direct 195,480 96,905 390,991 197,300 Assumed 365 371 818 730 Ceded(5) (3,717) (1,976) (20,381) (3,863) Net investment income 192,128 95,300 371,428 194,167 Asset administration fees: Direct 88,655 98,823 186,112 195,437 Assumed 0 0 0 0 Ceded (16,865) (92,547) (35,090) (182,950) Net asset administration fees 71,790 6,276 151,022 12,487 Other income (loss): Direct (325,563) 24,577 (674,251) 41,677 Assumed(6) (2,548) 13 (2,509) (60) Ceded (60) 41 (438) 106 Amortization of reinsurance income 16,155 999 37,578 2,151 Net Other income (loss) (312,016) 25,630 (639,620) 43,874 Realized investment gains (losses), net: Direct 1,148,607 (1,655,473) 2,355,755 4,502,274 Assumed(7) (281,646) 0 (485,630) 0 Ceded(8) (152,252) 1,532,971 (371,309) (4,548,168) Realized investment gains (losses), net 714,709 (122,502) 1,498,816 (45,894) Policyholders’ benefits (including change in reserves): Direct 1,421,515 801,694 2,326,652 1,799,518 Assumed(9) 761,610 225,704 1,000,277 417,509 Ceded(10) (2,025,019) (949,322) (2,949,059) (2,045,038) Net policyholders’ benefits (including change in reserves) 158,106 78,076 377,870 171,989 Interest credited to policyholders’ account balances: Direct 202,814 100,790 404,840 280,225 Assumed(11) 29,601 32,132 102,103 65,118 Ceded (109,471) (85,522) (220,473) (241,773) Net interest credited to policyholders’ account balances 122,944 47,400 286,470 103,570 Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization (80,230) (292,845) (216,082) (761,280) (1) Includes $(13) million and $0.1 million of unaffiliated activity for the three months ended June 30, 2022 and 2021, respectively, and $(13) million and $0.1 million for the six months ended June 30, 2022 and 2021, respectively. (2) Includes $(9) million and $(7) million of unaffiliated activity for the three months ended June 30, 2022 and 2021, respectively, and $(16) million and $(14) million for the six months ended June 30, 2022 and 2021, respectively. (3) Includes $11 million and $0 million of unaffiliated activity for the three months ended June 30, 2022 and 2021, respectively, and $11 million and $0 million for the six months ended June 30, 2022 and 2021, respectively. (4) Includes $(20) million and $(16) million of unaffiliated activity for the three months ended June 30, 2022 and 2021, respectively, and $(38) million and $(30) million for the six months ended June 30, 2022 and 2021, respectively. (5) Includes $9 million and $0 million of unaffiliated activity for the three months ended June 30, 2022 and 2021, respectively, and $4 million and $0 million for the six months ended June 30, 2022 and 2021, respectively. (6) Includes $(3) million and $0 million of unaffiliated activity for the three months ended June 30, 2022 and 2021, respectively, and $(3) million and $0 million for the six months ended June 30, 2022 and 2021, respectively. (7) Includes $(282) million and $0 million of unaffiliated activity for the three months ended June 30, 2022 and 2021, respectively, and $(282) million and $0 million for the six months ended June 30, 2022 and 2021, respectively. (8) Includes $(9) million and $31 million of unaffiliated activity for the three months ended June 30, 2022 and 2021, respectively, and $(14) million and $(110) million for the six months ended June 30, 2022 and 2021, respectively. (9) Includes $1 million and $0.2 million of unaffiliated activity for the three months ended June 30, 2022 and 2021, respectively, and $1 million and $0.3 million for the six months ended June 30, 2022 and 2021, respectively. (10) Includes $(18) million and $(50) million of unaffiliated activity for the three months ended June 30, 2022 and 2021, respectively, and $(38) million and $(131) million for the six months ended June 30, 2022 and 2021, respectively. (11) Includes $(3) million and $0 million of unaffiliated activity for the three months ended June 30, 2022 and 2021, respectively, and $(3) million and $0 million for the six months ended June 30, 2022 and 2021, respectively. The gross and net amounts of life insurance face amount in force as of June 30, 2022 and 2021 were as follows: 2022 2021 (in thousands) Direct gross life insurance face amount in force $ 1,086,899,612 $ 1,068,336,643 Assumed gross life insurance face amount in force 37,151,725 38,300,008 Reinsurance ceded (1,012,351,998) (993,562,545) Net life insurance face amount in force $ 111,699,339 $ 113,074,106 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. On April 1, 2022, PALAC was sold to Fortitude as discussed in Note 1 and is no longer considered an affiliate of the Company. 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 recorded 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. FLIAC Effective December 1, 2021, the Company entered into a reinsurance agreement with FLIAC 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 FLIAC and the associated asset returns. The Company also assumed all of FLIAC’s fixed indexed annuities and fixed annuities with a guaranteed lifetime withdrawal income feature which are accounted for under deposit accounting. The reinsurance agreement offers the policyholders the opportunity to novate their contracts from FLIAC to the Company and any such novated contracts shall cease to be reinsured contracts under this reinsurance agreement. As of June 30, 2022, the total account value of contracts novated from FLIAC to the Company were $957 million for variable indexed annuities contracts and $315 million for fixed indexed annuities contracts, which is approximately 13% of the total reinsured block. 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 June 30, 2022, $2.7 billion of HDI v.3.0 account values are reinsured to Union Hamilton.

Equity

Equity	6 Months Ended
	Jun. 30, 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 six months ended June 30, 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 (7,870) (1,920,685) (1,928,555) Amounts reclassified from AOCI 0 7,026 7,026 Income tax benefit (expense) 735 401,777 402,512 Balance, June 30, 2022 $ (18,409) $ (1,153,173) $ (1,171,582) 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 (4,781) (129,762) (134,543) Amounts reclassified from AOCI 0 (4,473) (4,473) Income tax benefit (expense) 149 28,186 28,335 Balance, June 30, 2021 $ (12,429) $ 447,876 $ 435,447 (1) Includes cash flow hedges of $144 million and $40 million as of June 30, 2022 and December 31, 2021, respectively, and $12 million and $(8) million as of June 30, 2021 and December 31, 2020, respectively . Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended Six Months Ended 2022 2021 2022 2021 (in thousands) Amounts reclassified from AOCI (1)(2): Net unrealized investment gains (losses): Cash flow hedges - Currency/Interest rate(3) $ 42,622 $ 1,816 $ 56,412 $ 5,842 Net unrealized investment gains (losses) on available-for-sale securities (26,717) 1,369 (63,438) (1,369) Total net unrealized investment gains (losses)(4) 15,905 3,185 (7,026) 4,473 Total reclassifications for the period $ 15,905 $ 3,185 $ (7,026) $ 4,473 (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) (2,210,285) 0 0 464,388 (1,747,489) Reclassification adjustment for (gains) losses included in net income 727 6,299 0 0 (1,475) 5,551 Reclassification due to allowance for credit losses recorded during the period 698 (698) 0 0 0 0 Impact of net unrealized investment (gains) losses 0 0 (1,798,631) 2,089,823 (61,136) 230,056 Balance, June 30, 2022 $ 3,518 $ (1,621,980) $ (815,546) $ 974,339 $ 306,496 $ (1,153,173) (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	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	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 $78 million and $94 million for the three months ended June 30, 2022 and 2021, respectively, and $163 million and $185 million for the six months ended June 30, 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 $9 million and $4 million for the three months ended June 30, 2022 and 2021, respectively, and $19 million and $7 million for the six months ended June 30, 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 June 30, 2022 and December 31, 2021 were as follows: Maturity Dates Interest Rates June 30, 2022 December 31, 2021 (in thousands) U.S. dollar fixed rate notes 2022 - 2027 0.00% - 14.85 % $ 150,946 $ 162,045 Total notes receivable - affiliated(1) $ 150,946 $ 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 $1 million at both June 30, 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 June 30, 2022 and 2021, and $2 million for both the six months ended June 30, 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 June 30, 2022 and December 31, 2021 were as follows: Maturity Date Interest Rate June 30, 2022 December 31, 2021 (in thousands) Affiliated Commercial Mortgage Loan 2025 5.62% $ 72,818 $ 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 June 30, 2022 and is included in "Accrued investment income". Revenues were $1 million for the three months ended June 30, 2022 and $1 million for the six months ended June 30, 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 six months ended June 30, 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 Affiliate Date Transaction Security Type Fair Value Book Value APIC, Net of Tax Increase/(Decrease) Realized (in thousands) 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 PAR U November 2021 Purchase Fixed Maturities $ 41,021 $ 41,021 $ 0 $ 0 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 PURC 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 Affiliate Date Transaction Security Type Fair Value Book Value APIC, Net of Tax Increase/(Decrease) Realized (in thousands) PAR U April 2022 Purchase Fixed Maturities $ 48,970 $ 48,970 $ 0 $ 0 Prudential Insurance May 2022 Purchase Fixed Maturities $ 233,426 $ 241,128 $ 6,085 $ 0 Prudential Insurance June 2022 Purchase Fixed Maturities $ 88,754 $ 81,216 $ (5,955) $ 0 Prudential Insurance June 2022 Transfer In Fixed Maturities $ 52,089 $ 45,031 $ (5,577) $ 0 Prudential Insurance June 2022 Transfer Out Fixed Maturities $ 48,786 $ 58,984 $ (8,057) $ 0 PAR U June 2022 Purchase Commercial Mortgage and Other Loans $ 6,492 $ 6,492 $ 0 $ 0 PAR U June 2022 Sale Commercial Mortgage and Other Loans $ 14,853 $ 15,725 $ 0 $ (872) GUL Re June 2022 Purchase Commercial Mortgage and Other Loans $ 13,551 $ 13,551 $ 0 $ 0 GUL Re June 2022 Sale Commercial Mortgage and Other Loans $ 8,692 $ 9,033 $ 0 $ (341) PURC June 2022 Purchase Commercial Mortgage and Other Loans $ 4,403 $ 4,403 $ 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 long-term debt to affiliates as of June 30, 2022 and December 31, 2021: Affiliate Date Amount of Notes - June 30, 2022 Amount of Notes - December 31, 2021 Interest Rate Date of Maturity (in thousands) Prudential Insurance 8/13/2021 $ 98,222 $ 99,770 4.39 % 12/15/2023 Prudential Insurance 8/13/2021 29,466 29,931 4.39 % 12/15/2023 Prudential Insurance 8/13/2021 99,010 100,348 3.95 % 6/20/2024 Prudential Insurance 8/13/2021 39,604 40,139 3.95 % 6/20/2024 Prudential Insurance 8/13/2021 49,505 50,174 3.95 % 6/20/2024 Total Loans Payable to Affiliates $ 315,807 $ 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 $(5) million and $0 million for the three months ended June 30, 2022 and 2021, respectively, and $(5) million and $0 million for the six months ended June 30, 2022 and 2021, respectively. Contributed Capital and Dividends In March and June 2022, the Company received a capital contribution in the amount of $8 million and $3 million, respectively, 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 June 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	6 Months Ended
	Jun. 30, 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 June 30, 2022 and December 31, 2021, the outstanding balances on these commitments were $121 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 June 30, 2022 and December 31, 2021. There was a change in allowance of $0.0 million for both the three and six months ended June 30, 2022 and 2021. The Company also made commitments to purchase or fund investments, mostly private fixed maturities. As of June 30, 2022 and December 31, 2021, $586 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 or six months ended June 30, 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 $33 million as of June 30, 2022 and had a liability of $34 million as of December 31, 2021, 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 June 30, 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)	6 Months Ended
	Jun. 30, 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.
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 June 30, 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 June 30, 2022 — ASU 2018-12 ASU 2018-12 , 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 increase 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. As a result of the modified retrospective transition method, the Company expects the vast majority of the impact of updating cash flow assumptions as of the transition date to be reflected in the pattern of earnings in subsequent periods. 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. The Company expects a decrease 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 as of the adoption date. 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 deferred sales inducements, 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 does 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 a decrease to “Retained earnings” and an offsetting increase to AOCI from reclassifying the cumulative effect of changes in NPR from retained earnings to AOCI. The Company also expects an impact to "Retained earnings" related to 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). The magnitude of such adjustments is currently being assessed. Other ASU issued but not yet adopted as of June 30, 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 and restructurings 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)	6 Months Ended
	Jun. 30, 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: June 30, 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 $ 636,878 $ 1,921 $ 44,925 $ 0 $ 593,874 Obligations of U.S. states and their political subdivisions 569,296 5,347 20,633 0 554,010 Foreign government bonds 319,719 705 51,864 116 268,444 U.S. public corporate securities 6,034,911 29,418 736,312 0 5,328,017 U.S. private corporate securities 2,509,630 6,792 228,868 1,831 2,285,723 Foreign public corporate securities 1,222,452 2,629 136,018 0 1,089,063 Foreign private corporate securities 3,140,859 190 503,503 2,863 2,634,683 Asset-backed securities(1) 925,707 322 31,476 0 894,553 Commercial mortgage-backed securities 740,060 723 46,095 0 694,688 Residential mortgage-backed securities(2) 98,196 526 2,821 0 95,901 Total fixed maturities, available-for-sale $ 16,197,708 $ 48,573 $ 1,802,515 $ 4,810 $ 14,438,956 (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: June 30, 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 $ 446,399 $ 44,627 $ 1,909 $ 298 $ 448,308 $ 44,925 Obligations of U.S. states and their political subdivisions 332,051 20,633 0 0 332,051 20,633 Foreign government bonds 222,423 42,170 23,269 9,688 245,692 51,858 U.S. public corporate securities 4,343,243 670,173 170,150 66,139 4,513,393 736,312 U.S. private corporate securities 2,062,339 215,192 100,094 13,676 2,162,433 228,868 Foreign public corporate securities 825,007 119,741 60,464 16,277 885,471 136,018 Foreign private corporate securities 2,441,224 466,582 162,515 36,921 2,603,739 503,503 Asset-backed securities 592,720 26,070 53,576 5,406 646,296 31,476 Commercial mortgage-backed securities 490,544 36,875 46,379 9,220 536,923 46,095 Residential mortgage-backed securities 37,902 2,821 0 0 37,902 2,821 Total fixed maturities, available-for-sale $ 11,793,852 $ 1,644,884 $ 618,356 $ 157,625 $ 12,412,208 $ 1,802,509 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: June 30, 2022 Amortized Cost Fair Value (in thousands) Fixed maturities, available-for-sale: Due in one year or less $ 404,018 $ 389,373 Due after one year through five years 3,869,672 3,619,474 Due after five years through ten years 4,198,773 3,645,235 Due after ten years 5,961,282 5,099,732 Asset-backed securities 925,707 894,553 Commercial mortgage-backed securities 740,060 694,688 Residential mortgage-backed securities 98,196 95,901 Total fixed maturities, available-for-sale $ 16,197,708 $ 14,438,956
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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 (in thousands) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 403,660 $ 283,241 $ 678,089 $ 316,990 Proceeds from maturities/prepayments 110,426 96,373 230,787 170,458 Gross investment gains from sales and maturities (652) 8,156 (1,358) 8,508 Gross investment losses from sales and maturities (22,461) (9,087) (41,903) (11,656) Write-downs recognized in earnings(2) (19,519) 0 (19,516) (2) (Addition to) release of allowance for credit losses 15,915 2,300 (661) 1,781 (1) Excludes activities from non-cash related proceeds due to the timing of trade settlements of $(31.2) million and $(16.9) million for the six months ended June 30, 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 June 30, 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 $ 399 $ 20,326 $ 0 $ 0 $ 0 $ 20,725 Additions to allowance for credit losses not previously recorded 0 0 2,904 0 0 0 2,904 Reductions for securities sold during the period 0 (1) (1,202) 0 0 0 (1,203) Reductions for securities with intent to sell 0 (324) (16,666) 0 0 0 (16,990) Addition (reductions) on securities with previous allowance 0 42 (668) 0 0 0 (626) Balance, end of period $ 0 $ 116 $ 4,694 $ 0 $ 0 $ 0 $ 4,810 Three Months Ended June 30, 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 $ 2,858 $ 0 $ 0 $ 0 $ 2,858 Reductions for securities sold during the period 0 0 (14) 0 0 0 (14) Addition (reductions) on securities with previous allowance 0 0 (2,286) 0 0 0 (2,286) Balance, end of period $ 0 $ 0 $ 558 $ 0 $ 0 $ 0 $ 558 Six Months Ended June 30, 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 12,162 0 0 0 12,491 Reductions for securities sold during the period 0 (4) (1,202) 0 0 0 (1,206) Reductions for securities with intent to sell 0 (324) (16,666) 0 0 0 (16,990) Addition (reductions) on securities with previous allowance 0 104 6,262 0 0 0 6,366 Balance, end of period $ 0 $ 116 $ 4,694 $ 0 $ 0 $ 0 $ 4,810 Six Months Ended June 30, 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 (25) 0 0 0 (25) Addition (reductions) on securities with previous allowance 0 0 (1,756) 0 0 0 (1,756) Balance, end of period $ 0 $ 0 $ 558 $ 0 $ 0 $ 0 $ 558
Commercial Mortgage and Other Loans	The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: June 30, 2022 December 31, 2021 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Apartments/Multi-Family $ 792,222 25.8 % $ 748,414 26.4 % Hospitality 83,476 2.7 48,141 1.7 Industrial 1,064,620 34.6 916,398 32.2 Office 459,646 14.9 445,055 15.7 Other 254,714 8.3 252,590 8.9 Retail 228,494 7.4 255,577 9.0 Total commercial mortgage loans 2,883,172 93.7 2,666,175 93.9 Agricultural property loans 193,683 6.3 172,336 6.1 Total commercial mortgage and agricultural property loans 3,076,855 100.0 % 2,838,511 100.0 % Allowance for credit losses (9,924) (5,951) Total net commercial mortgage and agricultural property loans $ 3,066,931 $ 2,832,560
Allowance for Credit Losses	The following tables set forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated: Three Months Ended June 30, 2022 2021 Commercial Mortgage Loans Agricultural Property Loans Total Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Allowance, beginning of period $ 6,324 $ 122 $ 6,446 $ 4,309 $ 5 $ 4,314 Addition to (release of) allowance for expected losses 3,380 98 3,478 (929) 19 (910) Allowance, end of period $ 9,704 $ 220 $ 9,924 $ 3,380 $ 24 $ 3,404 Six Months Ended June 30, 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 3,857 116 3,973 (1,166) 18 (1,148) Allowance, end of period $ 9,704 $ 220 $ 9,924 $ 3,380 $ 24 $ 3,404
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: June 30, 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% $ 36,935 $ 47,157 $ 5,584 $ 164,712 $ 83,681 $ 619,216 $ 957,285 60%-69.99% 176,681 324,556 237,578 273,374 165,783 250,876 1,428,848 70%-79.99% 129,179 146,541 71,275 72,099 2,728 74,270 496,092 80% or greater 0 0 0 0 0 947 947 Total $ 342,795 $ 518,254 $ 314,437 $ 510,185 $ 252,192 $ 945,309 $ 2,883,172 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 342,795 $ 501,528 $ 199,237 $ 448,221 $ 245,427 $ 843,926 $ 2,581,134 1.0 - 1.2x 0 16,726 108,998 39,097 6,765 45,452 217,038 Less than 1.0x 0 0 6,202 22,867 0 55,931 85,000 Total $ 342,795 $ 518,254 $ 314,437 $ 510,185 $ 252,192 $ 945,309 $ 2,883,172 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 27,995 $ 99,101 $ 26,184 $ 16,121 $ 6,343 $ 17,939 $ 193,683 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 $ 27,995 $ 99,101 $ 26,184 $ 16,121 $ 6,343 $ 17,939 $ 193,683 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 27,995 $ 99,101 $ 26,184 $ 16,121 $ 6,343 $ 17,151 $ 192,895 1.0 - 1.2x 0 0 0 0 0 0 0 Less than 1.0x 0 0 0 0 0 788 788 Total $ 27,995 $ 99,101 $ 26,184 $ 16,121 $ 6,343 $ 17,939 $ 193,683 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: June 30, 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 $ 2,883,172 $ 0 $ 0 $ 0 $ 2,883,172 $ 0 Agricultural property loans 193,683 0 0 0 193,683 0 Total $ 3,076,855 $ 0 $ 0 $ 0 $ 3,076,855 $ 0 (1) As of June 30, 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: June 30, 2022 December 31, 2021 (in thousands) Company’s investment in separate accounts $ 716 $ 53,694 LPs/LLCs: Equity method: Private equity 306,449 286,141 Hedge funds 440,632 432,749 Real estate-related 102,821 89,337 Subtotal equity method 849,902 808,227 Fair value: Private equity 66,186 69,137 Hedge funds 456 481 Real estate-related 9,726 9,861 Subtotal fair value 76,368 79,479 Total LPs/LLCs 926,270 887,706 Derivative instruments 37,766 268,525 Total other invested assets $ 964,752 $ 1,209,925
Accrued Investment Income	The following table sets forth the composition of “Accrued investment income,” as of the dates indicated: June 30, 2022 December 31, 2021 (in thousands) Fixed maturities $ 137,177 $ 117,216 Equity securities 236 2 Commercial mortgage and other loans 8,517 7,025 Policy loans 14,749 35,153 Other invested assets 50 254 Short-term investments and cash equivalents 974 377 Total accrued investment income $ 161,703 $ 160,027
Net Investment Income	The following table sets forth “Net investment income” by investment type, for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (in thousands) Fixed maturities, available-for-sale $ 121,986 $ 63,630 $ 231,177 $ 123,588 Fixed maturities, trading 12,479 544 28,044 1,075 Equity securities 1,190 102 1,352 205 Commercial mortgage and other loans 22,801 13,322 45,049 26,748 Policy loans 5,153 17,315 10,219 34,349 Other invested assets 38,243 5,735 75,033 18,808 Short-term investments and cash equivalents 3,441 33 4,089 160 Gross investment income 205,293 100,681 394,963 204,933 Less: investment expenses (13,165) (5,381) (23,535) (10,766) Net investment income $ 192,128 $ 95,300 $ 371,428 $ 194,167
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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 (in thousands) Fixed maturities(1) $ (26,717) $ 1,369 $ (63,438) $ (1,369) Commercial mortgage and other loans (5,756) 910 (6,359) 1,148 Other invested assets 1,894 887 3,536 909 Derivatives 745,236 (125,662) 1,565,289 (46,571) Short-term investments and cash equivalents 52 (6) (212) (11) Realized investment gains (losses), net $ 714,709 $ (122,502) $ 1,498,816 $ (45,894) (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: June 30, 2022 December 31, 2021 (in thousands) Fixed maturity securities, available-for-sale with an allowance $ 3,518 $ 3,685 Fixed maturity securities, available-for-sale without an allowance (1,757,460) 540,881 Derivatives designated as cash flow hedges(1) 144,390 39,896 Affiliated notes (10,756) 73 Other investments(2) 1,846 1,854 Net unrealized gains (losses) on investments $ (1,618,462) $ 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: June 30, 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 $ 5,528 $ 0 $ 5,528 $ 3,004 $ 0 $ 3,004 Foreign public corporate securities 2,163 0 2,163 0 0 0 Equity securities 142,975 0 142,975 0 0 0 Total cash collateral for loaned securities(1) $ 150,666 $ 0 $ 150,666 $ 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)	6 Months Ended
	Jun. 30, 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 of the netting effects of master netting agreements and cash collateral. June 30, 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 $ 3,267 $ 0 $ (190) $ 3,344 $ 55 $ 0 Foreign Currency Swaps 1,376,431 156,102 (9) 886,552 37,259 (6,900) Total Derivatives Designated as Hedge Accounting Instruments $ 1,379,698 $ 156,102 $ (199) $ 889,896 $ 37,314 $ (6,900) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 135,289,710 $ 5,468,843 $ (13,071,332) $ 130,358,860 $ 5,698,740 $ (10,348,130) Interest Rate Options 9,193,000 85,071 (253,193) 9,883,000 280,323 (173,863) Interest Rate Futures 1,670,300 34,624 (14,782) 4,109,300 2,876 (2,709) Interest Rate Forwards 115,000 0 (5,002) 195,000 3,760 (991) Foreign Currency Foreign Currency Forwards 259,344 8,765 (605) 119,653 842 (1,063) Credit Credit Default Swaps 2,079,750 0 (3,238) 306,900 24,789 0 Currency/Interest Rate Foreign Currency Swaps 1,926,100 180,430 (4,517) 2,139,523 68,477 (23,251) Equity Total Return Swaps 12,393,180 854,969 (159,232) 15,129,666 66,627 (475,209) Equity Options 36,440,892 564,881 (970,460) 19,461,881 902,050 (1,535,272) Equity Futures 2,993,322 1,611 (21,453) 5,015,002 736 (6,595) Total Derivatives Not Qualifying as Hedge Accounting Instruments $ 202,360,598 $ 7,199,194 $ (14,503,814) $ 186,718,785 $ 7,049,220 $ (12,567,083) Total Derivatives(1)(2) $ 203,740,296 $ 7,355,296 $ (14,504,013) $ 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 $5,707 million and $9,048 million as of June 30, 2022 and December 31, 2021, respectively included in "Future policy benefits" and $3,428 million and $3,246 million as of June 30, 2022 and December 31, 2021, respectively included in "Policyholders' account balances". Other assets included $76 million and $73 million as of June 30, 2022 and December 31, 2021, respectively. Other liabilities included $24 million and $13 million as of June 30, 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 $555 million and $931 million as of June 30, 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. June 30, 2022 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 7,355,296 $ (7,317,530) $ 37,766 $ 0 $ 37,766 Securities purchased under agreements to resell 0 0 0 0 0 Total Assets $ 7,355,296 $ (7,317,530) $ 37,766 $ 0 $ 37,766 Offsetting of Financial Liabilities: Derivatives $ 14,504,013 $ (14,428,241) $ 75,772 $ (75,772) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 14,504,013 $ (14,428,241) $ 75,772 $ (75,772) $ 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. June 30, 2022 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 7,355,296 $ (7,317,530) $ 37,766 $ 0 $ 37,766 Securities purchased under agreements to resell 0 0 0 0 0 Total Assets $ 7,355,296 $ (7,317,530) $ 37,766 $ 0 $ 37,766 Offsetting of Financial Liabilities: Derivatives $ 14,504,013 $ (14,428,241) $ 75,772 $ (75,772) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 14,504,013 $ (14,428,241) $ 75,772 $ (75,772) $ 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 June 30, 2022 Realized Net Other Change in AOCI (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Interest Rate $ 0 $ 4 $ 0 $ (64) Currency/Interest Rate 417 8,717 33,483 91,734 Total cash flow hedges 417 8,721 33,483 91,670 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (1,670,415) 0 0 0 Currency 15,504 0 0 0 Currency/Interest Rate 114,645 0 290 0 Credit (38,726) 0 0 0 Equity 933,277 0 0 0 Embedded Derivatives 1,390,534 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments 744,819 0 290 0 Total $ 745,236 $ 8,721 $ 33,773 $ 91,670 Six Months Ended June 30, 2022 Realized Net Other Change in AOCI (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Interest Rate $ 1 $ 16 $ 0 $ (221) Currency/Interest Rate (354) 16,566 40,183 104,715 Total cash flow hedges (353) 16,582 40,183 104,494 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (3,296,352) 0 0 0 Currency 19,801 0 0 0 Currency/Interest Rate 112,937 0 0 0 Credit (41,449) 0 403 0 Equity 1,324,537 0 0 0 Embedded Derivatives 3,446,168 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments 1,565,642 0 403 0 Total $ 1,565,289 $ 16,582 $ 40,586 $ 104,494 Three Months Ended June 30, 2021 Realized Net Other Change in AOCI (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Interest Rate $ 0 $ 12 $ 0 $ 26 Currency/Interest Rate 69 2,330 (595) 15,635 Total cash flow hedges 69 2,342 (595) 15,661 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 16,719 0 0 0 Currency (203) 0 0 0 Currency/Interest Rate 2,898 0 (3) 0 Credit 0 0 0 0 Equity 19,694 0 0 0 Embedded Derivatives (164,839) 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments (125,731) 0 (3) 0 Total $ (125,662) $ 2,342 $ (598) $ 15,661 Six Months Ended June 30, 2021 Realized Net Other Change in AOCI (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Interest Rate $ 1 $ 23 $ 0 $ (99) Currency/Interest Rate (94) 4,791 1,121 20,459 Total cash flow hedges (93) 4,814 1,121 20,360 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (20,652) 0 0 0 Currency 834 0 0 0 Currency/Interest Rate 3,090 0 (14) 0 Credit (12) 0 0 0 Equity 35,256 0 0 0 Embedded Derivatives (64,994) 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments (46,478) 0 (14) 0 Total $ (46,571) $ 4,814 $ 1,107 $ 20,360
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 (204) Currency/Interest Rate 161,110 Total amount recorded in AOCI 160,906 Amount reclassified from AOCI to income Interest Rate (17) Currency/Interest Rate (56,395) Total amount reclassified from AOCI to income (56,412) Balance, June 30, 2022 $ 144,390

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	6 Months Ended
	Jun. 30, 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. June 30, 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 $ 593,874 $ 0 $ $ 593,874 Obligations of U.S. states and their political subdivisions 0 554,010 0 554,010 Foreign government bonds 0 268,309 135 268,444 U.S. corporate public securities 0 5,328,017 0 5,328,017 U.S. corporate private securities 0 2,112,731 172,992 2,285,723 Foreign corporate public securities 0 1,081,970 7,093 1,089,063 Foreign corporate private securities 0 2,496,890 137,793 2,634,683 Asset-backed securities(2) 0 860,209 34,344 894,553 Commercial mortgage-backed securities 0 605,744 88,944 694,688 Residential mortgage-backed securities 0 95,901 0 95,901 Subtotal 0 13,997,655 441,301 14,438,956 Fixed maturities, trading 0 1,814,999 0 1,814,999 Equity securities 184,148 15,337 29,783 229,268 Short-term investments 0 139,109 2,772 141,881 Cash equivalents 0 917,443 0 917,443 Other invested assets(3) 36,359 7,318,937 0 (7,317,530) 37,766 Other assets 0 0 75,858 75,858 Reinsurance recoverables 0 0 555,053 555,053 Receivables from parent and affiliates 0 150,946 0 150,946 Subtotal excluding separate account assets 220,507 24,354,426 1,104,767 (7,317,530) 18,362,170 Separate account assets(4)(5) 68,279 113,591,798 0 113,660,077 Total assets $ 288,786 $ 137,946,224 $ 1,104,767 $ (7,317,530) $ 132,022,247 Future policy benefits(6) $ 0 $ 0 $ 5,706,968 $ $ 5,706,968 Policyholders' account balances 0 0 3,427,667 3,427,667 Payables to parent and affiliates 0 14,467,750 0 (14,424,444) 43,306 Other liabilities 36,235 (24,189) 0 (3,797) 8,249 Total liabilities $ 36,235 $ 14,443,561 $ 9,134,635 $ (14,428,241) $ 9,186,190 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 $(7,111) million and $(5,750) million as of June 30, 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 June 30, 2022 and December 31, 2021, the fair values of such investments were $76 million and $79 million, respectively. (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 June 30, 2022 and December 31, 2021, the fair value of such investments was $5,132 million and $5,686 million, respectively. (6) As of June 30, 2022, the net embedded derivative liability position of $5,707 million includes $714 million of embedded derivatives in an asset position and $6,421 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. June 30, 2022 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Average Impact of (in thousands) Assets: Corporate securities(2) $ 237,632 Discounted cash flow Discount rate 10.26 % 20 % 12.67 % Decrease Market Comparables EBITDA multiples(3) 1.8 X 18.5 X 7.5 X Increase Reinsurance recoverables $ 555,053 Fair values are determined using the same unobservable inputs as future policy benefits. Liabilities: Future policy benefits(4) $ 5,706,968 Discounted cash flow Lapse rate(6) 1 % 20 % Decrease Spread over SOFR(7) 0.51 % 2.14 % Decrease Utilization rate(8) 38 % 95 % Increase Withdrawal rate See table footnote (9) below. Mortality rate(10) 0 % 15 % Decrease Equity volatility curve 18 % 28 % Increase Policyholders' account balances(5) $ 3,427,667 Discounted cash flow Lapse rate(6) 1 % 80 % Decrease Spread over SOFR(7) 0.24 % 2.14 % Decrease Mortality rate(10) 0 % 23 % Decrease Equity volatility curve 6 % 36 % 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 Secured Overnight Financing Rate (“SOFR”) swap curve and the London Inter-Bank Offered Rate (“LIBOR”) swap curve represents the premium added to the proxy for the risk-free rate (SOFR or LIBOR, as applicable) 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 as of June 30, 2022 and December 31, 2021, respectively. 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 June 30, 2022 and December 31, 2021, the minimum withdrawal rate assumption is 77% and 76%, respectively. As of June 30, 2022 and December 31, 2021, 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 June 30, 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 140 (5) 0 0 0 0 0 0 0 135 (5) Corporate securities(4) 385,358 (12,845) 83,901 (11,217) 0 (21,195) 0 0 (106,124) 317,878 (10,577) Structured securities(5) 112,116 (10,352) 33,490 0 0 (571) 0 0 (11,395) 123,288 (10,305) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 0 0 0 0 Equity securities 11,463 (1,111) 10,000 (230) 0 0 9,661 0 0 29,783 (1,129) Short-term investments 0 5 2,766 0 0 (54) 0 55 0 2,772 0 Other assets 75,201 8,050 (6,574) 0 0 (819) 0 0 0 75,858 7,231 Reinsurance recoverables 700,700 (179,685) 34,038 0 0 0 0 0 0 555,053 (174,545) Liabilities: Future policy benefits (6,964,587) 1,510,153 0 0 (252,534) 0 0 0 0 (5,706,968) 1,460,746 Policyholders' account balances(6) (3,260,195) 71,103 0 0 0 (238,575) 0 0 0 (3,427,667) (341,035) Three Months Ended June 30, 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 $ (1,909) $ 0 $ (21,240) $ (53) $ 631 $ 0 $ (21,518) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 Equity securities 0 (1,111) 0 0 0 (1,129) 0 Short-term investments 0 0 0 5 0 0 0 Other assets 8,050 0 0 0 7,231 0 0 Reinsurance recoverables (179,685) 0 0 0 (174,545) 0 0 Liabilities: Future policy benefits 1,510,153 0 0 0 1,460,746 0 0 Policyholders' account balances 71,103 0 0 0 (341,035) 0 0 Six Months Ended June 30, 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 (15) 0 0 0 0 0 0 0 135 (15) Corporate securities(4) 385,634 (49,220) 133,311 (12,388) 0 (33,335) 0 0 (106,124) 317,878 (47,042) Structured securities(5) 173,944 (22,328) 33,490 0 0 (1,073) 0 0 (60,745) 123,288 (22,280) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 0 0 0 0 Equity securities 12,472 (2,120) 10,000 (230) 0 0 9,661 0 0 29,783 (2,138) Short-term investments 0 5 2,766 0 0 (54) 0 55 0 2,772 0 Other assets 72,937 4,337 1,241 0 0 (2,657) 0 0 0 75,858 1,679 Reinsurance recoverables 931,207 (445,494) 69,340 0 0 0 0 0 0 555,053 (430,193) Liabilities: Future policy benefits (9,047,956) 3,856,540 0 0 (515,552) 0 0 0 0 (5,706,968) 3,702,735 Policyholders' account balances(6) (3,245,773) (29,550) 0 0 0 (391,366) 239,022 0 0 (3,427,667) (492,251) Six Months Ended June 30, 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 $ (16,812) $ 0 $ (55,081) $ 330 $ (14,380) $ 0 $ (54,957) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 Equity securities 0 (2,120) 0 0 0 (2,138) 0 Short-term investments 0 0 0 5 0 0 0 Other assets 4,337 0 0 0 1,679 0 0 Reinsurance recoverables (445,494) 0 0 0 (430,193) 0 0 Liabilities: Future policy benefits 3,856,540 0 0 0 3,702,735 0 0 Policyholders' account balances (29,550) 0 0 0 (492,251) 0 0 Three Months Ended June 30, 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 157 (1) 0 0 0 0 0 0 0 156 (1) Corporate securities(4) 165,491 5,050 23 0 0 (2,208) 0 2,474 0 170,830 5,000 Structured securities(5) 2,134 2 25,450 0 0 (407) 0 0 0 27,179 1 Other assets: Fixed maturities, trading 767 34 0 0 0 0 0 0 0 801 33 Equity securities 7,678 327 0 0 0 0 0 0 0 8,005 327 Short-term investments 0 0 0 0 0 0 0 0 0 0 0 Other assets 0 0 0 0 0 0 0 0 0 0 0 Reinsurance recoverables 7,447,863 1,550,027 277,633 0 0 0 0 0 0 9,275,523 1,638,970 Liabilities: Future policy benefits (7,435,081) (1,552,781) 0 0 (275,654) 0 0 0 0 (9,263,516) (1,640,666) Policyholders' account balances(6) (1,031,525) (146,924) 0 0 0 21,839 0 0 0 (1,156,610) (128,815) Three Months Ended June 30, 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 $ 2,316 $ 0 $ 2,708 $ 27 $ 2,300 $ 0 $ 2,700 Other assets: Fixed maturities, trading 0 34 0 0 0 33 0 Equity securities 0 327 0 0 0 327 0 Other assets 0 0 0 0 0 0 0 Short-term investments 0 0 0 0 0 0 0 Reinsurance recoverables 1,550,027 0 0 0 1,638,970 0 0 Liabilities: Future policy benefits (1,552,781) 0 0 0 (1,640,666) 0 0 Policyholders' account balances (146,924) 0 0 0 (128,815) 0 0 Six Months Ended June 30, 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 (7) 0 0 0 0 0 0 0 156 (8) Corporate securities(4) 174,776 (7,032) 2,342 0 0 (4,373) 0 5,117 0 170,830 (7,101) Structured securities(5) 2,065 (13) 25,950 0 0 (823) 0 0 0 27,179 (13) Other assets: Fixed maturities, trading 755 46 0 0 0 0 0 0 0 801 46 Equity securities 7,889 116 0 0 0 0 0 0 0 8,005 116 Short-term investments 0 0 0 0 0 0 0 0 0 0 0 Other assets 0 0 0 0 0 0 0 0 0 0 0 Reinsurance recoverables 13,239,539 (4,519,882) 555,866 0 0 0 0 0 0 9,275,523 (4,201,349) Liabilities: Future policy benefits (13,227,814) 4,516,201 0 0 (551,903) 0 0 0 0 (9,263,516) 4,197,669 Policyholders' account balances(6) (1,155,274) (36,667) 0 0 0 35,331 0 0 0 (1,156,610) (325) Six Months Ended June 30, 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 $ 1,808 $ 0 $ (8,910) $ 50 $ 1,799 $ 0 $ (8,921) Other assets: Fixed maturities, trading 0 46 0 0 0 46 0 Equity securities 0 116 0 0 0 116 0 Short-term investments 0 0 0 0 0 0 0 Other assets 0 0 0 0 0 0 0 Reinsurance recoverables (4,519,882) 0 0 0 (4,201,349) 0 0 Liabilities: Future policy benefits 4,516,201 0 0 0 4,197,669 0 0 Policyholders' account balances (36,667) 0 0 0 (325) 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 largely 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 June 30, 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 140 (5) 0 0 0 0 0 0 0 135 (5) Corporate securities(4) 385,358 (12,845) 83,901 (11,217) 0 (21,195) 0 0 (106,124) 317,878 (10,577) Structured securities(5) 112,116 (10,352) 33,490 0 0 (571) 0 0 (11,395) 123,288 (10,305) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 0 0 0 0 Equity securities 11,463 (1,111) 10,000 (230) 0 0 9,661 0 0 29,783 (1,129) Short-term investments 0 5 2,766 0 0 (54) 0 55 0 2,772 0 Other assets 75,201 8,050 (6,574) 0 0 (819) 0 0 0 75,858 7,231 Reinsurance recoverables 700,700 (179,685) 34,038 0 0 0 0 0 0 555,053 (174,545) Liabilities: Future policy benefits (6,964,587) 1,510,153 0 0 (252,534) 0 0 0 0 (5,706,968) 1,460,746 Policyholders' account balances(6) (3,260,195) 71,103 0 0 0 (238,575) 0 0 0 (3,427,667) (341,035) Three Months Ended June 30, 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 $ (1,909) $ 0 $ (21,240) $ (53) $ 631 $ 0 $ (21,518) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 Equity securities 0 (1,111) 0 0 0 (1,129) 0 Short-term investments 0 0 0 5 0 0 0 Other assets 8,050 0 0 0 7,231 0 0 Reinsurance recoverables (179,685) 0 0 0 (174,545) 0 0 Liabilities: Future policy benefits 1,510,153 0 0 0 1,460,746 0 0 Policyholders' account balances 71,103 0 0 0 (341,035) 0 0 Six Months Ended June 30, 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 (15) 0 0 0 0 0 0 0 135 (15) Corporate securities(4) 385,634 (49,220) 133,311 (12,388) 0 (33,335) 0 0 (106,124) 317,878 (47,042) Structured securities(5) 173,944 (22,328) 33,490 0 0 (1,073) 0 0 (60,745) 123,288 (22,280) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 0 0 0 0 Equity securities 12,472 (2,120) 10,000 (230) 0 0 9,661 0 0 29,783 (2,138) Short-term investments 0 5 2,766 0 0 (54) 0 55 0 2,772 0 Other assets 72,937 4,337 1,241 0 0 (2,657) 0 0 0 75,858 1,679 Reinsurance recoverables 931,207 (445,494) 69,340 0 0 0 0 0 0 555,053 (430,193) Liabilities: Future policy benefits (9,047,956) 3,856,540 0 0 (515,552) 0 0 0 0 (5,706,968) 3,702,735 Policyholders' account balances(6) (3,245,773) (29,550) 0 0 0 (391,366) 239,022 0 0 (3,427,667) (492,251) Six Months Ended June 30, 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 $ (16,812) $ 0 $ (55,081) $ 330 $ (14,380) $ 0 $ (54,957) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 Equity securities 0 (2,120) 0 0 0 (2,138) 0 Short-term investments 0 0 0 5 0 0 0 Other assets 4,337 0 0 0 1,679 0 0 Reinsurance recoverables (445,494) 0 0 0 (430,193) 0 0 Liabilities: Future policy benefits 3,856,540 0 0 0 3,702,735 0 0 Policyholders' account balances (29,550) 0 0 0 (492,251) 0 0 Three Months Ended June 30, 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 157 (1) 0 0 0 0 0 0 0 156 (1) Corporate securities(4) 165,491 5,050 23 0 0 (2,208) 0 2,474 0 170,830 5,000 Structured securities(5) 2,134 2 25,450 0 0 (407) 0 0 0 27,179 1 Other assets: Fixed maturities, trading 767 34 0 0 0 0 0 0 0 801 33 Equity securities 7,678 327 0 0 0 0 0 0 0 8,005 327 Short-term investments 0 0 0 0 0 0 0 0 0 0 0 Other assets 0 0 0 0 0 0 0 0 0 0 0 Reinsurance recoverables 7,447,863 1,550,027 277,633 0 0 0 0 0 0 9,275,523 1,638,970 Liabilities: Future policy benefits (7,435,081) (1,552,781) 0 0 (275,654) 0 0 0 0 (9,263,516) (1,640,666) Policyholders' account balances(6) (1,031,525) (146,924) 0 0 0 21,839 0 0 0 (1,156,610) (128,815) Three Months Ended June 30, 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 $ 2,316 $ 0 $ 2,708 $ 27 $ 2,300 $ 0 $ 2,700 Other assets: Fixed maturities, trading 0 34 0 0 0 33 0 Equity securities 0 327 0 0 0 327 0 Other assets 0 0 0 0 0 0 0 Short-term investments 0 0 0 0 0 0 0 Reinsurance recoverables 1,550,027 0 0 0 1,638,970 0 0 Liabilities: Future policy benefits (1,552,781) 0 0 0 (1,640,666) 0 0 Policyholders' account balances (146,924) 0 0 0 (128,815) 0 0 Six Months Ended June 30, 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 (7) 0 0 0 0 0 0 0 156 (8) Corporate securities(4) 174,776 (7,032) 2,342 0 0 (4,373) 0 5,117 0 170,830 (7,101) Structured securities(5) 2,065 (13) 25,950 0 0 (823) 0 0 0 27,179 (13) Other assets: Fixed maturities, trading 755 46 0 0 0 0 0 0 0 801 46 Equity securities 7,889 116 0 0 0 0 0 0 0 8,005 116 Short-term investments 0 0 0 0 0 0 0 0 0 0 0 Other assets 0 0 0 0 0 0 0 0 0 0 0 Reinsurance recoverables 13,239,539 (4,519,882) 555,866 0 0 0 0 0 0 9,275,523 (4,201,349) Liabilities: Future policy benefits (13,227,814) 4,516,201 0 0 (551,903) 0 0 0 0 (9,263,516) 4,197,669 Policyholders' account balances(6) (1,155,274) (36,667) 0 0 0 35,331 0 0 0 (1,156,610) (325) Six Months Ended June 30, 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 $ 1,808 $ 0 $ (8,910) $ 50 $ 1,799 $ 0 $ (8,921) Other assets: Fixed maturities, trading 0 46 0 0 0 46 0 Equity securities 0 116 0 0 0 116 0 Short-term investments 0 0 0 0 0 0 0 Other assets 0 0 0 0 0 0 0 Reinsurance recoverables (4,519,882) 0 0 0 (4,201,349) 0 0 Liabilities: Future policy benefits 4,516,201 0 0 0 4,197,669 0 0 Policyholders' account balances (36,667) 0 0 0 (325) 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 largely 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 Measurements, Nonrecurring	Nonrecurring Fair Value Measurements - The following tables represent information for assets measured at fair value on a nonrecurring basis. The fair value measurement is nonrecurring as these assets are measured at fair value only when there is a triggering event (e.g., an evidence of impairment). Assets included in the table are those that were impaired during the respective reporting periods and that are still held as of the reporting date. The estimated fair values for these amounts were determined using significant unobservable inputs (Level 3). Three Month Ended June 30, Six Month Ended June 30, 2022 2021 2022 2021 (in thousands) Equity in earnings of operating joint venture, net of taxes Investment in joint venture $ (75,000) $ 0 $ (75,000) $ 0 June 30, 2022 December 31, 2021 (in thousands) Carrying value after measurement as of period end: Investment in joint venture $ 60,456 $ 0
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. June 30, 2022 Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in thousands) Assets: Commercial mortgage and other loans $ 0 $ 0 $ 2,852,215 $ 2,852,215 $ 3,066,931 Policy loans 0 0 489,592 489,592 489,592 Short-term investments 129,000 0 0 129,000 129,000 Cash and cash equivalents 872,309 0 0 872,309 872,309 Accrued investment income 0 161,703 0 161,703 161,703 Reinsurance recoverables 0 0 26,248 26,248 27,938 Receivables from parent and affiliates 0 46,958 0 46,958 46,958 Other assets 0 43,201 480,772 523,973 523,973 Total assets $ 1,001,309 $ 251,862 $ 3,848,827 $ 5,101,998 $ 5,318,404 Liabilities: Policyholders’ account balances - investment contracts $ 0 $ 1,285,380 $ 2,619,853 $ 3,905,233 $ 3,920,807 Cash collateral for loaned securities 0 150,666 0 150,666 150,666 Long-term debt to affiliates 0 297,877 0 297,877 315,807 Payables to parent and affiliates 0 28,796 0 28,796 28,796 Other liabilities 0 813,143 33,250 846,393 846,393 Total liabilities $ 0 $ 2,575,862 $ 2,653,103 $ 5,228,965 $ 5,262,469 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)	6 Months Ended
	Jun. 30, 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 June 30, 2022 and December 31, 2021 were as follows: June 30, 2022 December 31, 2021 (in thousands) Reinsurance recoverables $ 38,809,510 $ 38,598,767 Policy loans (1,012,829) (156,749) Deferred policy acquisition costs(1) (3,203,610) (2,575,232) Deferred sales inducements (34,354) (37,905) Other assets(2)(3) 854,974 850,681 Policyholders’ account balances (2)(4) 13,655,630 14,386,443 Future policy benefits(5) 5,167,591 5,286,252 Other liabilities(2)(6) 2,616,417 1,642,413 (1) Includes $481 million and $0 million of unaffiliated activity as of June 30, 2022 and December 31, 2021, respectively. (2) Prior period has been reclassified to conform to the current period presentation to include reinsurance agreements using the deposit method of accounting. (3) Includes $742 million and $497 million of unaffiliated activity as of June 30, 2022 and December 31, 2021, respectively. (4) Includes $9,209 million and $0 million of unaffiliated activity as of June 30, 2022 and December 31, 2021, respectively. (5) Includes $2 million and $0.0 million of unaffiliated activity as of June 30, 2022 and December 31, 2021, respectively.
Reinsurance Recoverable by Counterparty	Reinsurance recoverables by counterparty are broken out below: June 30, 2022 December 31, 2021 (in thousands) PAR U $ 13,365,163 $ 13,523,832 PALAC(1) 0 7,198,504 PURC 5,760,428 5,830,441 PARCC 2,282,435 2,371,491 GUL Re 2,666,661 2,710,926 PAR Term 1,998,500 1,972,339 Prudential Insurance 1,378,191 2,082,551 Term Re 2,006,812 1,953,063 Lotus Re 1,986,321 32,039 DART 708,366 644,101 Unaffiliated(1) 6,656,633 279,480 Total reinsurance recoverables $ 38,809,510 $ 38,598,767 (1) Due to the sale of PALAC on April 1, 2022 the reinsurance recoverable balance has become unaffiliated.
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 and six months ended June 30, were as follows: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (in thousands) Premiums: Direct $ 471,343 $ 486,008 $ 945,271 $ 972,885 Assumed(1) (9,474) 41 (8,077) 84 Ceded(2) (404,448) (441,187) (805,528) (883,702) Net premiums 57,421 44,862 131,666 89,267 Policy charges and fee income: Direct 900,644 893,456 1,802,968 1,803,345 Assumed(3) 161,372 146,537 312,193 286,650 Ceded(4) (436,204) (859,793) (1,297,787) (1,757,930) Net policy charges and fee income 625,812 180,200 817,374 332,065 Net investment income: Direct 195,480 96,905 390,991 197,300 Assumed 365 371 818 730 Ceded(5) (3,717) (1,976) (20,381) (3,863) Net investment income 192,128 95,300 371,428 194,167 Asset administration fees: Direct 88,655 98,823 186,112 195,437 Assumed 0 0 0 0 Ceded (16,865) (92,547) (35,090) (182,950) Net asset administration fees 71,790 6,276 151,022 12,487 Other income (loss): Direct (325,563) 24,577 (674,251) 41,677 Assumed(6) (2,548) 13 (2,509) (60) Ceded (60) 41 (438) 106 Amortization of reinsurance income 16,155 999 37,578 2,151 Net Other income (loss) (312,016) 25,630 (639,620) 43,874 Realized investment gains (losses), net: Direct 1,148,607 (1,655,473) 2,355,755 4,502,274 Assumed(7) (281,646) 0 (485,630) 0 Ceded(8) (152,252) 1,532,971 (371,309) (4,548,168) Realized investment gains (losses), net 714,709 (122,502) 1,498,816 (45,894) Policyholders’ benefits (including change in reserves): Direct 1,421,515 801,694 2,326,652 1,799,518 Assumed(9) 761,610 225,704 1,000,277 417,509 Ceded(10) (2,025,019) (949,322) (2,949,059) (2,045,038) Net policyholders’ benefits (including change in reserves) 158,106 78,076 377,870 171,989 Interest credited to policyholders’ account balances: Direct 202,814 100,790 404,840 280,225 Assumed(11) 29,601 32,132 102,103 65,118 Ceded (109,471) (85,522) (220,473) (241,773) Net interest credited to policyholders’ account balances 122,944 47,400 286,470 103,570 Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization (80,230) (292,845) (216,082) (761,280) (1) Includes $(13) million and $0.1 million of unaffiliated activity for the three months ended June 30, 2022 and 2021, respectively, and $(13) million and $0.1 million for the six months ended June 30, 2022 and 2021, respectively. (2) Includes $(9) million and $(7) million of unaffiliated activity for the three months ended June 30, 2022 and 2021, respectively, and $(16) million and $(14) million for the six months ended June 30, 2022 and 2021, respectively. (3) Includes $11 million and $0 million of unaffiliated activity for the three months ended June 30, 2022 and 2021, respectively, and $11 million and $0 million for the six months ended June 30, 2022 and 2021, respectively. (4) Includes $(20) million and $(16) million of unaffiliated activity for the three months ended June 30, 2022 and 2021, respectively, and $(38) million and $(30) million for the six months ended June 30, 2022 and 2021, respectively. (5) Includes $9 million and $0 million of unaffiliated activity for the three months ended June 30, 2022 and 2021, respectively, and $4 million and $0 million for the six months ended June 30, 2022 and 2021, respectively. (6) Includes $(3) million and $0 million of unaffiliated activity for the three months ended June 30, 2022 and 2021, respectively, and $(3) million and $0 million for the six months ended June 30, 2022 and 2021, respectively. (7) Includes $(282) million and $0 million of unaffiliated activity for the three months ended June 30, 2022 and 2021, respectively, and $(282) million and $0 million for the six months ended June 30, 2022 and 2021, respectively. (8) Includes $(9) million and $31 million of unaffiliated activity for the three months ended June 30, 2022 and 2021, respectively, and $(14) million and $(110) million for the six months ended June 30, 2022 and 2021, respectively. (9) Includes $1 million and $0.2 million of unaffiliated activity for the three months ended June 30, 2022 and 2021, respectively, and $1 million and $0.3 million for the six months ended June 30, 2022 and 2021, respectively. (10) Includes $(18) million and $(50) million of unaffiliated activity for the three months ended June 30, 2022 and 2021, respectively, and $(38) million and $(131) million for the six months ended June 30, 2022 and 2021, respectively. (11) Includes $(3) million and $0 million of unaffiliated activity for the three months ended June 30, 2022 and 2021, respectively, and $(3) million and $0 million for the six months ended June 30, 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 June 30, 2022 and 2021 were as follows: 2022 2021 (in thousands) Direct gross life insurance face amount in force $ 1,086,899,612 $ 1,068,336,643 Assumed gross life insurance face amount in force 37,151,725 38,300,008 Reinsurance ceded (1,012,351,998) (993,562,545) Net life insurance face amount in force $ 111,699,339 $ 113,074,106

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	The balance of and changes in each component of AOCI as of and for the six months ended June 30, 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 (7,870) (1,920,685) (1,928,555) Amounts reclassified from AOCI 0 7,026 7,026 Income tax benefit (expense) 735 401,777 402,512 Balance, June 30, 2022 $ (18,409) $ (1,153,173) $ (1,171,582) 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 (4,781) (129,762) (134,543) Amounts reclassified from AOCI 0 (4,473) (4,473) Income tax benefit (expense) 149 28,186 28,335 Balance, June 30, 2021 $ (12,429) $ 447,876 $ 435,447 (1) Includes cash flow hedges of $144 million and $40 million as of June 30, 2022 and December 31, 2021, respectively, and $12 million and $(8) million as of June 30, 2021 and December 31, 2020, respectively .
Reclassification out of Accumulated Other Comprehensive Income	Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended Six Months Ended 2022 2021 2022 2021 (in thousands) Amounts reclassified from AOCI (1)(2): Net unrealized investment gains (losses): Cash flow hedges - Currency/Interest rate(3) $ 42,622 $ 1,816 $ 56,412 $ 5,842 Net unrealized investment gains (losses) on available-for-sale securities (26,717) 1,369 (63,438) (1,369) Total net unrealized investment gains (losses)(4) 15,905 3,185 (7,026) 4,473 Total reclassifications for the period $ 15,905 $ 3,185 $ (7,026) $ 4,473 (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) (2,210,285) 0 0 464,388 (1,747,489) Reclassification adjustment for (gains) losses included in net income 727 6,299 0 0 (1,475) 5,551 Reclassification due to allowance for credit losses recorded during the period 698 (698) 0 0 0 0 Impact of net unrealized investment (gains) losses 0 0 (1,798,631) 2,089,823 (61,136) 230,056 Balance, June 30, 2022 $ 3,518 $ (1,621,980) $ (815,546) $ 974,339 $ 306,496 $ (1,153,173) (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)	6 Months Ended
	Jun. 30, 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: June 30, 2022 December 31, 2021 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Apartments/Multi-Family $ 792,222 25.8 % $ 748,414 26.4 % Hospitality 83,476 2.7 48,141 1.7 Industrial 1,064,620 34.6 916,398 32.2 Office 459,646 14.9 445,055 15.7 Other 254,714 8.3 252,590 8.9 Retail 228,494 7.4 255,577 9.0 Total commercial mortgage loans 2,883,172 93.7 2,666,175 93.9 Agricultural property loans 193,683 6.3 172,336 6.1 Total commercial mortgage and agricultural property loans 3,076,855 100.0 % 2,838,511 100.0 % Allowance for credit losses (9,924) (5,951) Total net commercial mortgage and agricultural property loans $ 3,066,931 $ 2,832,560
Affiliated Asset Transfers	The table below shows affiliated asset trades for the six months ended June 30, 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 Affiliate Date Transaction Security Type Fair Value Book Value APIC, Net of Tax Increase/(Decrease) Realized (in thousands) 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 PAR U November 2021 Purchase Fixed Maturities $ 41,021 $ 41,021 $ 0 $ 0 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 PURC 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 Affiliate Date Transaction Security Type Fair Value Book Value APIC, Net of Tax Increase/(Decrease) Realized (in thousands) PAR U April 2022 Purchase Fixed Maturities $ 48,970 $ 48,970 $ 0 $ 0 Prudential Insurance May 2022 Purchase Fixed Maturities $ 233,426 $ 241,128 $ 6,085 $ 0 Prudential Insurance June 2022 Purchase Fixed Maturities $ 88,754 $ 81,216 $ (5,955) $ 0 Prudential Insurance June 2022 Transfer In Fixed Maturities $ 52,089 $ 45,031 $ (5,577) $ 0 Prudential Insurance June 2022 Transfer Out Fixed Maturities $ 48,786 $ 58,984 $ (8,057) $ 0 PAR U June 2022 Purchase Commercial Mortgage and Other Loans $ 6,492 $ 6,492 $ 0 $ 0 PAR U June 2022 Sale Commercial Mortgage and Other Loans $ 14,853 $ 15,725 $ 0 $ (872) GUL Re June 2022 Purchase Commercial Mortgage and Other Loans $ 13,551 $ 13,551 $ 0 $ 0 GUL Re June 2022 Sale Commercial Mortgage and Other Loans $ 8,692 $ 9,033 $ 0 $ (341) PURC June 2022 Purchase Commercial Mortgage and Other Loans $ 4,403 $ 4,403 $ 0 $ 0
Affiliated Entity
Related Party Transaction [Line Items]
Affiliated Notes Receivable	Affiliated notes receivable included in “Receivables from parent and affiliates” at June 30, 2022 and December 31, 2021 were as follows: Maturity Dates Interest Rates June 30, 2022 December 31, 2021 (in thousands) U.S. dollar fixed rate notes 2022 - 2027 0.00% - 14.85 % $ 150,946 $ 162,045 Total notes receivable - affiliated(1) $ 150,946 $ 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 June 30, 2022 and December 31, 2021 were as follows: Maturity Date Interest Rate June 30, 2022 December 31, 2021 (in thousands) Affiliated Commercial Mortgage Loan 2025 5.62% $ 72,818 $ 73,412
Debt Agreements	The following table provides the breakout of the Company's long-term debt to affiliates as of June 30, 2022 and December 31, 2021: Affiliate Date Amount of Notes - June 30, 2022 Amount of Notes - December 31, 2021 Interest Rate Date of Maturity (in thousands) Prudential Insurance 8/13/2021 $ 98,222 $ 99,770 4.39 % 12/15/2023 Prudential Insurance 8/13/2021 29,466 29,931 4.39 % 12/15/2023 Prudential Insurance 8/13/2021 99,010 100,348 3.95 % 6/20/2024 Prudential Insurance 8/13/2021 39,604 40,139 3.95 % 6/20/2024 Prudential Insurance 8/13/2021 49,505 50,174 3.95 % 6/20/2024 Total Loans Payable to Affiliates $ 315,807 $ 320,362

Business and Basis of Present_2

Business and Basis of Presentation (Narrative) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) subsidiary	Jun. 30, 2021 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number Of Subsidiaries | subsidiary			1
Realized investment gains (losses), net	$ 714,709	$ (122,502)	$ 1,498,816	$ (45,894)
Income (loss) from operations before income taxes and equity in earnings of operating joint venture	506,174	$ (26,269)	476,482	$ 31,812
Out of period adjustment
Income (loss) from operations before income taxes and equity in earnings of operating joint venture	32,000		50,000
Out of period adjustment | Universal and variable life products | Variable life and annuities
Adjustments related to reserves	$ 48,000		$ 48,000

Investments (Fixed Maturities S

Investments (Fixed Maturities Securities Excluding Investments Classified as Trading) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 16,197,708	$ 12,737,749
Allowance for Credit Losses	4,810	4,149
Fair Value	14,438,956	13,278,166
Fixed maturities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	16,197,708	12,737,749
Gross Unrealized Gain	48,573	658,544
Gross Unrealized Losses	1,802,515	113,978
Allowance for Credit Losses	4,810	4,149
Fair Value	14,438,956	13,278,166
Fixed maturities | US Treasury securities and obligations of U.S. government authorities and agencies
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	636,878	303,040
Gross Unrealized Gain	1,921	31,011
Gross Unrealized Losses	44,925	111
Allowance for Credit Losses	0	0
Fair Value	593,874	333,940
Fixed maturities | Obligations of U.S. states and their political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	569,296	584,244
Gross Unrealized Gain	5,347	46,978
Gross Unrealized Losses	20,633	701
Allowance for Credit Losses	0	0
Fair Value	554,010	630,521
Fixed maturities | Foreign government bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	319,719	324,454
Gross Unrealized Gain	705	29,299
Gross Unrealized Losses	51,864	3,271
Allowance for Credit Losses	116	11
Fair Value	268,444	350,471
Fixed maturities | U.S. public corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	6,034,911	4,794,878
Gross Unrealized Gain	29,418	366,764
Gross Unrealized Losses	736,312	29,770
Allowance for Credit Losses	0	0
Fair Value	5,328,017	5,131,872
Fixed maturities | U.S. private corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,509,630	1,964,767
Gross Unrealized Gain	6,792	59,037
Gross Unrealized Losses	228,868	16,880
Allowance for Credit Losses	1,831	2,049
Fair Value	2,285,723	2,004,875
Fixed maturities | Foreign public corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,222,452	906,031
Gross Unrealized Gain	2,629	34,234
Gross Unrealized Losses	136,018	10,363
Allowance for Credit Losses	0	0
Fair Value	1,089,063	929,902
Fixed maturities | Foreign private corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,140,859	2,741,449
Gross Unrealized Gain	190	62,932
Gross Unrealized Losses	503,503	48,381
Allowance for Credit Losses	2,863	2,089
Fair Value	2,634,683	2,753,911
Fixed maturities | Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	925,707	547,549
Gross Unrealized Gain	322	860
Gross Unrealized Losses	31,476	1,099
Allowance for Credit Losses	0	0
Fair Value	894,553	547,310
Fixed maturities | Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	740,060	552,653
Gross Unrealized Gain	723	25,928
Gross Unrealized Losses	46,095	3,397
Allowance for Credit Losses	0	0
Fair Value	694,688	575,184
Fixed maturities | Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	98,196	18,684
Gross Unrealized Gain	526	1,501
Gross Unrealized Losses	2,821	5
Allowance for Credit Losses	0	0
Fair Value	$ 95,901	$ 20,180

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	Jun. 30, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	$ 11,793,852	$ 5,052,071
Less than Twelve Months, Gross Unrealized Losses	1,644,884	94,096
Twelve Months or More, Fair Value	618,356	333,294
Twelve Months or More, Gross Unrealized Losses	157,625	19,435
Total, Fair Value	12,412,208	5,385,365
Total, Gross Unrealized Losses	1,802,509	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	446,399	0
Less than Twelve Months, Gross Unrealized Losses	44,627	0
Twelve Months or More, Fair Value	1,909	2,119
Twelve Months or More, Gross Unrealized Losses	298	111
Total, Fair Value	448,308	2,119
Total, Gross Unrealized Losses	44,925	111
Obligations of U.S. states and their political subdivisions
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	332,051	104,621
Less than Twelve Months, Gross Unrealized Losses	20,633	701
Twelve Months or More, Fair Value	0	0
Twelve Months or More, Gross Unrealized Losses	0	0
Total, Fair Value	332,051	104,621
Total, Gross Unrealized Losses	20,633	701
Foreign government bonds
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	222,423	59,550
Less than Twelve Months, Gross Unrealized Losses	42,170	2,826
Twelve Months or More, Fair Value	23,269	6,473
Twelve Months or More, Gross Unrealized Losses	9,688	371
Total, Fair Value	245,692	66,023
Total, Gross Unrealized Losses	51,858	3,197
U.S. public corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	4,343,243	1,681,201
Less than Twelve Months, Gross Unrealized Losses	670,173	23,160
Twelve Months or More, Fair Value	170,150	180,249
Twelve Months or More, Gross Unrealized Losses	66,139	6,610
Total, Fair Value	4,513,393	1,861,450
Total, Gross Unrealized Losses	736,312	29,770
U.S. private corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	2,062,339	972,796
Less than Twelve Months, Gross Unrealized Losses	215,192	14,036
Twelve Months or More, Fair Value	100,094	16,409
Twelve Months or More, Gross Unrealized Losses	13,676	2,844
Total, Fair Value	2,162,433	989,205
Total, Gross Unrealized Losses	228,868	16,880
Foreign public corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	825,007	532,445
Less than Twelve Months, Gross Unrealized Losses	119,741	8,255
Twelve Months or More, Fair Value	60,464	29,718
Twelve Months or More, Gross Unrealized Losses	16,277	2,108
Total, Fair Value	885,471	562,163
Total, Gross Unrealized Losses	136,018	10,363
Foreign private corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	2,441,224	1,253,739
Less than Twelve Months, Gross Unrealized Losses	466,582	42,392
Twelve Months or More, Fair Value	162,515	57,637
Twelve Months or More, Gross Unrealized Losses	36,921	5,616
Total, Fair Value	2,603,739	1,311,376
Total, Gross Unrealized Losses	503,503	48,008
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	592,720	288,971
Less than Twelve Months, Gross Unrealized Losses	26,070	1,099
Twelve Months or More, Fair Value	53,576	0
Twelve Months or More, Gross Unrealized Losses	5,406	0
Total, Fair Value	646,296	288,971
Total, Gross Unrealized Losses	31,476	1,099
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	490,544	157,355
Less than Twelve Months, Gross Unrealized Losses	36,875	1,622
Twelve Months or More, Fair Value	46,379	40,689
Twelve Months or More, Gross Unrealized Losses	9,220	1,775
Total, Fair Value	536,923	198,044
Total, Gross Unrealized Losses	46,095	3,397
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	37,902	1,393
Less than Twelve Months, Gross Unrealized Losses	2,821	5
Twelve Months or More, Fair Value	0	0
Twelve Months or More, Gross Unrealized Losses	0	0
Total, Fair Value	37,902	1,393
Total, Gross Unrealized Losses	$ 2,821	$ 5

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Schedule of Investments [Line Items]
Loans acquired	$ 27,600	$ 0	$ 27,600	$ 0
Loans Sold	24,800	0	24,800	0
Fixed Maturity Purchased with Credit Deterioration			0		$ 0
Accrued Investment Income Write Down	0	0	0	0
Securities sold under agreements to repurchase	$ 0		$ 0		$ 0
Commercial mortgage loans, Percentage	100%		100%		100%
Commercial Mortgage and other loans purchased with Credit Deterioration			$ 0		$ 0
Fixed maturities
Schedule of Investments [Line Items]
Gross Unrealized Losses	$ 1,802,509		1,802,509		113,531
Twelve Months or More, Gross Unrealized Losses	157,625		157,625		19,435
NAIC high or highest quality rating | Fixed maturities
Schedule of Investments [Line Items]
Gross Unrealized Losses	1,627,800		1,627,800		95,100
NAIC other than high or highest quality rating | Fixed maturities
Schedule of Investments [Line Items]
Gross Unrealized Losses	$ 174,700		$ 174,700		18,400
California
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	23%		23%
Texas
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	12%		12%
Europe
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	13%		13%
Australia
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	3%		3%
Mexico
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	2%		2%
New York
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	6%		6%
Other Income | Fixed maturities | Trading
Schedule of Investments [Line Items]
Unrealized Gain (Loss) on Investments	$ (184,100)	200	$ (520,500)	(2,500)
Other Income | Equity securities
Schedule of Investments [Line Items]
Unrealized Gain (Loss) on Investments	(10,000)	$ 500	(14,100)	$ 100
Fixed maturities
Schedule of Investments [Line Items]
Twelve Months or More, Gross Unrealized Losses	$ 157,600		$ 157,600		$ 19,400

Investments (Amortized Cost and

Investments (Amortized Cost and Fair Value of Fixed Maturities by Contractual Maturities) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Amortized Cost
Due in one year or less	$ 404,018
Due after one year through five years	3,869,672
Due after five years through ten years	4,198,773
Due after ten years	5,961,282
Amortized Cost	16,197,708	$ 12,737,749
Fair Value
Due in one year or less	389,373
Due after one year through five years	3,619,474
Due after five years through ten years	3,645,235
Due after ten years	5,099,732
Fair Value	14,438,956	13,278,166
Asset-backed securities
Amortized Cost
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Amortized Cost	925,707
Fair Value
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value	894,553
Commercial mortgage-backed securities
Amortized Cost
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Amortized Cost	740,060
Fair Value
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value	694,688
Residential mortgage-backed securities
Amortized Cost
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Amortized Cost	98,196
Fair Value
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value	95,901
Fixed maturities
Amortized Cost
Amortized Cost	16,197,708	12,737,749
Fair Value
Fair Value	14,438,956	13,278,166
Fixed maturities | Asset-backed securities
Amortized Cost
Amortized Cost	925,707	547,549
Fair Value
Fair Value	894,553	547,310
Fixed maturities | Commercial mortgage-backed securities
Amortized Cost
Amortized Cost	740,060	552,653
Fair Value
Fair Value	694,688	575,184
Fixed maturities | Residential mortgage-backed securities
Amortized Cost
Amortized Cost	98,196	18,684
Fair Value
Fair Value	$ 95,901	$ 20,180

Investments (Fixed Maturities_2

Investments (Fixed Maturities Securities Proceeds) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Debt Securities, Available-for-sale [Line Items]
Proceeds from maturities/prepayments			$ 877,701	$ 470,550
Fixed maturities | Available-for-sale
Debt Securities, Available-for-sale [Line Items]
Proceeds from Sale of Debt Securities, Available-for-sale	$ 403,660	$ 283,241	678,089	316,990
Proceeds from maturities/prepayments	110,426	96,373	230,787	170,458
Gross investment gains from sales and maturities	(652)	8,156	(1,358)	8,508
Gross investment losses from sales and maturities	(22,461)	(9,087)	(41,903)	(11,656)
Write-downs recognized in earnings	(19,519)	0	(19,516)	(2)
(Addition to) release of allowance for credit losses	$ 15,915	$ 2,300	(661)	1,781
Noncash or Part Noncash Divestiture, Amount of Consideration Received			$ (31,200)	$ (16,900)

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	$ 20,725	$ 2,858	$ 4,149	$ 2,339
Additions to allowance for credit losses not previously recorded	2,904		12,491
Reductions for securities sold during the period	(1,203)	(14)	(1,206)	(25)
Reductions for securities with intent to sell	(16,990)		(16,990)
Addition (reductions) on securities with previous allowance	(626)	(2,286)	6,366	(1,756)
Balance, end of period	4,810	558	4,810	558
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	0	0
Additions to allowance for credit losses not previously recorded	0		0
Reductions for securities sold during the period	0	0	0	0
Reductions for securities with intent to sell	0		0
Addition (reductions) on securities with previous allowance	0	0	0	0
Balance, end of period	0	0	0	0
Foreign government bonds
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	399	0	11	0
Additions to allowance for credit losses not previously recorded	0		329
Reductions for securities sold during the period	(1)	0	(4)	0
Reductions for securities with intent to sell	(324)		(324)
Addition (reductions) on securities with previous allowance	42	0	104	0
Balance, end of period	116	0	116	0
U.S. and Foreign Corporate Securities
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	20,326	2,858	4,138	2,339
Additions to allowance for credit losses not previously recorded	2,904		12,162
Reductions for securities sold during the period	(1,202)	(14)	(1,202)	(25)
Reductions for securities with intent to sell	(16,666)		(16,666)
Addition (reductions) on securities with previous allowance	(668)	(2,286)	6,262	(1,756)
Balance, end of period	4,694	558	4,694	558
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	0	0	0	0
Additions to allowance for credit losses not previously recorded	0		0
Reductions for securities sold during the period	0	0	0	0
Reductions for securities with intent to sell	0		0
Addition (reductions) on securities with previous allowance	0	0	0	0
Balance, end of period	0	0	0	0
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	0	0	0	0
Additions to allowance for credit losses not previously recorded	0		0
Reductions for securities sold during the period	0	0	0	0
Reductions for securities with intent to sell	0		0
Addition (reductions) on securities with previous allowance	0	0	0	0
Balance, end of period	0	0	0	0
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	0	0	0	0
Additions to allowance for credit losses not previously recorded	0		0
Reductions for securities sold during the period	0	0	0	0
Reductions for securities with intent to sell	0		0
Addition (reductions) on securities with previous allowance	0	0	0	0
Balance, end of period	$ 0	$ 0	$ 0	$ 0

Investments (Commercial Mortgag

Investments (Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 3,076,855	$ 2,838,511
Commercial mortgage loans, Percentage	100%	100%
Allowance for Credit Losses	$ (9,924)	$ (5,951)
Commercial Mortgage Loans	3,066,931	2,832,560
Commercial Mortgage and Agricultural Loans
Commercial Mortgage and Other Loans [Line Items]
Commercial Mortgage Loans	3,066,931	2,832,560
Apartments and multi-family
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 792,222	$ 748,414
Commercial mortgage loans, Percentage	25.80%	26.40%
Hospitality
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 83,476	$ 48,141
Commercial mortgage loans, Percentage	2.70%	1.70%
Industrial
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 1,064,620	$ 916,398
Commercial mortgage loans, Percentage	34.60%	32.20%
Office
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 459,646	$ 445,055
Commercial mortgage loans, Percentage	14.90%	15.70%
Other
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 254,714	$ 252,590
Commercial mortgage loans, Percentage	8.30%	8.90%
Retail
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 228,494	$ 255,577
Commercial mortgage loans, Percentage	7.40%	9%
Commercial mortgage loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 2,883,172	$ 2,666,175
Commercial mortgage loans, Percentage	93.70%	93.90%
Agricultural property loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 193,683	$ 172,336
Commercial mortgage loans, Percentage	6.30%	6.10%

Investments (Allowance for Cred

Investments (Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	$ 6,446	$ 4,314	$ 5,951	$ 4,552
Addition to (release of) allowance for expected losses	3,478	(910)	3,973	(1,148)
Total ending balance	9,924	3,404	9,924	3,404
Commercial mortgage loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	6,324	4,309	5,847	4,546
Addition to (release of) allowance for expected losses	3,380	(929)	3,857	(1,166)
Total ending balance	9,704	3,380	9,704	3,380
Agricultural Property Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	122	5	104	6
Addition to (release of) allowance for expected losses	98	19	116	18
Total ending balance	$ 220	$ 24	$ 220	$ 24

Investments (Credit Quality Ind

Investments (Credit Quality Indicators) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	$ 3,076,855	$ 2,838,511
Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	342,795	518,611
One Year Prior	518,254	311,413
Two Year Prior	314,437	544,189
Three Year Prior	510,185	260,828
Four Year Prior	252,192	309,083
Prior	945,309	722,051
Recording investment gross of allowance for credit losses	2,883,172	2,666,175
Commercial mortgage loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	342,795	501,456
One Year Prior	501,528	195,164
Two Year Prior	199,237	481,289
Three Year Prior	448,221	253,938
Four Year Prior	245,427	289,443
Prior	843,926	638,092
Recording investment gross of allowance for credit losses	2,581,134	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	16,726	109,862
Two Year Prior	108,998	39,577
Three Year Prior	39,097	6,890
Four Year Prior	6,765	7,100
Prior	45,452	39,213
Recording investment gross of allowance for credit losses	217,038	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	6,202	23,323
Three Year Prior	22,867	0
Four Year Prior	0	12,540
Prior	55,931	44,746
Recording investment gross of allowance for credit losses	85,000	86,996
Agricultural Property Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	27,995	98,579
One Year Prior	99,101	26,581
Two Year Prior	26,184	16,226
Three Year Prior	16,121	6,463
Four Year Prior	6,343	8,372
Prior	17,939	16,115
Recording investment gross of allowance for credit losses	193,683	172,336
Agricultural Property Loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	27,995	98,579
One Year Prior	99,101	26,581
Two Year Prior	26,184	16,226
Three Year Prior	16,121	6,463
Four Year Prior	6,343	8,372
Prior	17,151	15,300
Recording investment gross of allowance for credit losses	192,895	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	788	815
Recording investment gross of allowance for credit losses	788	815
0%-59.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	36,935	47,161
One Year Prior	47,157	0
Two Year Prior	5,584	179,682
Three Year Prior	164,712	76,656
Four Year Prior	83,681	126,934
Prior	619,216	553,022
Recording investment gross of allowance for credit losses	957,285	983,455
0%-59.99% | Agricultural Property Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	27,995	98,579
One Year Prior	99,101	26,581
Two Year Prior	26,184	16,226
Three Year Prior	16,121	6,463
Four Year Prior	6,343	8,372
Prior	17,939	16,115
Recording investment gross of allowance for credit losses	193,683	172,336
60%-69.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	176,681	307,999
One Year Prior	324,556	225,330
Two Year Prior	237,578	289,322
Three Year Prior	273,374	170,444
Four Year Prior	165,783	126,159
Prior	250,876	116,654
Recording investment gross of allowance for credit losses	1,428,848	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	129,179	163,451
One Year Prior	146,541	86,083
Two Year Prior	71,275	75,185
Three Year Prior	72,099	13,728
Four Year Prior	2,728	55,032
Prior	74,270	51,203
Recording investment gross of allowance for credit losses	496,092	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	947	1,172
Recording investment gross of allowance for credit losses	947	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	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	$ 3,076,855	$ 2,838,511
Non-Accrual Status	0	0
Current
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	3,076,855	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	2,883,172	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	2,883,172	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	193,683	172,336
Non-Accrual Status	0	0
Agricultural Loan | Current
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	193,683	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	2,883,172	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	Jun. 30, 2022	Dec. 31, 2021
Other Invested Assets [Line Items]
Other invested assets	$ 964,752	$ 1,209,925
Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	926,270	887,706
Company’s investment in separate accounts
Other Invested Assets [Line Items]
Other invested assets	716	53,694
Derivative Instruments
Other Invested Assets [Line Items]
Other invested assets	37,766	268,525
Equity Method | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	849,902	808,227
Equity Method | Private equity | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	306,449	286,141
Equity Method | Hedge funds | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	440,632	432,749
Equity Method | Real estate-related | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	102,821	89,337
Fair Value | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	76,368	79,479
Fair Value | Private equity | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	66,186	69,137
Fair Value | Hedge funds | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	456	481
Fair Value | Real estate-related | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	$ 9,726	$ 9,861

Investments (Accrued Investment

Investments (Accrued Investment Income) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Net Investment Income
Accrued investment income	$ 161,703	$ 160,027
Fixed maturities
Net Investment Income
Accrued investment income	137,177	117,216
Equity securities
Net Investment Income
Accrued investment income	236	2
Commercial mortgage and other loans
Net Investment Income
Accrued investment income	8,517	7,025
Policy loans
Net Investment Income
Accrued investment income	14,749	35,153
Other invested assets
Net Investment Income
Accrued investment income	50	254
Short-term investments and cash equivalents
Net Investment Income
Accrued investment income	$ 974	$ 377

Investments (Net Investment Inc

Investments (Net Investment Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 205,293	$ 100,681	$ 394,963	$ 204,933
Less: investment expenses	(13,165)	(5,381)	(23,535)	(10,766)
Net investment income	192,128	95,300	371,428	194,167
Equity securities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	1,190	102	1,352	205
Commercial mortgage and other loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	22,801	13,322	45,049	26,748
Policy loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	5,153	17,315	10,219	34,349
Other invested assets
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	38,243	5,735	75,033	18,808
Short-term investments and cash equivalents
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	3,441	33	4,089	160
Available-for-sale | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	121,986	63,630	231,177	123,588
Trading | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 12,479	$ 544	$ 28,044	$ 1,075

Investments (Realized Investmen

Investments (Realized Investment Gains Losses, Net) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	$ 714,709	$ (122,502)	$ 1,498,816	$ (45,894)
Fixed maturities
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	(26,717)	1,369	(63,438)	(1,369)
Commercial mortgage and other loans
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	(5,756)	910	(6,359)	1,148
Other invested assets
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	1,894	887	3,536	909
Derivatives
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	745,236	(125,662)	1,565,289	(46,571)
Short-term investments and cash equivalents
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	$ 52	$ (6)	$ (212)	$ (11)

Investments (Net Unrealized Gai

Investments (Net Unrealized Gains Losses on Investments by Asset Class) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	$ (1,618,462)	$ 586,389
Fixed maturities | Available-for-sale | With an allowance
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	3,518	3,685
Fixed maturities | Available-for-sale | Without an allowance
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	(1,757,460)	540,881
Derivatives designated as cash flow hedges
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	144,390	39,896
Affiliated notes
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	(10,756)	73
Other investments
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	$ 1,846	$ 1,854

Investments (Repurchase Agreeme

Investments (Repurchase Agreement and Securities Lending) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	$ 150,666	$ 3,004
Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	150,666	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	5,528	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	5,528	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
Foreign public corporate securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	2,163	0
Foreign public corporate securities | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	2,163	0
Foreign 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
Equity securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	142,975	0
Equity securities | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	142,975	0
Equity 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	Jun. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Assets	$ 7,355,296	$ 7,086,534
Liabilities	(14,504,013)	(12,573,983)
Derivative, Notional Amount	203,740,296	187,608,681
Derivatives Designated as Hedge Accounting Instruments:
Derivative [Line Items]
Assets	156,102	37,314
Liabilities	(199)	(6,900)
Derivative, Notional Amount	1,379,698	889,896
Derivatives Designated as Hedge Accounting Instruments: | Interest Rate Swaps
Derivative [Line Items]
Assets	0	55
Liabilities	(190)	0
Derivative, Notional Amount	3,267	3,344
Derivatives Designated as Hedge Accounting Instruments: | Foreign Currency Swaps
Derivative [Line Items]
Assets	156,102	37,259
Liabilities	(9)	(6,900)
Derivative, Notional Amount	1,376,431	886,552
Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Assets	7,199,194	7,049,220
Liabilities	(14,503,814)	(12,567,083)
Derivative, Notional Amount	202,360,598	186,718,785
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Swaps
Derivative [Line Items]
Assets	5,468,843	5,698,740
Liabilities	(13,071,332)	(10,348,130)
Derivative, Notional Amount	135,289,710	130,358,860
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Future
Derivative [Line Items]
Assets	34,624	2,876
Liabilities	(14,782)	(2,709)
Derivative, Notional Amount	1,670,300	4,109,300
Derivatives Not Qualifying as Hedge Accounting Instruments: | Foreign Currency Forwards
Derivative [Line Items]
Assets	8,765	842
Liabilities	(605)	(1,063)
Derivative, Notional Amount	259,344	119,653
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit Default Swaps
Derivative [Line Items]
Assets	0	24,789
Liabilities	(3,238)	0
Derivative, Notional Amount	2,079,750	306,900
Derivatives Not Qualifying as Hedge Accounting Instruments: | Foreign Currency Swaps
Derivative [Line Items]
Assets	180,430	68,477
Liabilities	(4,517)	(23,251)
Derivative, Notional Amount	1,926,100	2,139,523
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity Options
Derivative [Line Items]
Assets	564,881	902,050
Liabilities	(970,460)	(1,535,272)
Derivative, Notional Amount	36,440,892	19,461,881
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Option
Derivative [Line Items]
Assets	85,071	280,323
Liabilities	(253,193)	(173,863)
Derivative, Notional Amount	9,193,000	9,883,000
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Forward
Derivative [Line Items]
Assets	0	3,760
Liabilities	(5,002)	(991)
Derivative, Notional Amount	115,000	195,000
Derivatives Not Qualifying as Hedge Accounting Instruments: | Total Return Swap
Derivative [Line Items]
Assets	854,969	66,627
Liabilities	(159,232)	(475,209)
Derivative, Notional Amount	12,393,180	15,129,666
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity Future
Derivative [Line Items]
Assets	1,611	736
Liabilities	(21,453)	(6,595)
Derivative, Notional Amount	$ 2,993,322	$ 5,015,002

Derivative Instruments (Offsett

Derivative Instruments (Offsetting Assets and Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Derivatives Assets
Gross Amounts of Recognized Financial Instruments	$ 7,355,296	$ 7,086,534
Gross Amounts Offset in the Consolidated Statement of Financial Position	(7,317,530)	(6,818,009)
Net Amounts Presented in the Consolidated Statement of Financial Position	37,766	268,525
Financial Instruments/Collateral	0	0
Net Amount	37,766	268,525
Securities Purchased under Agreements to Resell
Gross Amounts of Recognized Financial Instruments	0	185,000
Gross Amounts Offset in the Consolidated Statement of Financial Position	0	0
Net Amounts Presented in the Consolidated Statement of Financial Position	0	185,000
Financial Instruments/Collateral	0	(185,000)
Net Amount	0	0
Total Assets
Gross Amounts of Recognized Financial Instruments	7,355,296	7,271,534
Gross Amounts Offset in the Consolidated Statement of Financial Position	(7,317,530)	(6,818,009)
Net Amounts Presented in the Consolidated Statement of Financial Position	37,766	453,525
Financial Instruments/Collateral	0	(185,000)
Net Amount	37,766	268,525
Derivatives Liabilities
Gross Amounts of Recognized Financial Instruments	14,504,013	12,573,983
Gross Amounts Offset in the Consolidated Statement of Financial Position	(14,428,241)	(12,568,082)
Net Amounts Presented in the Consolidated Statement of Financial Position	75,772	5,901
Financial Instruments/Collateral	(75,772)	(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	14,504,013	12,573,983
Gross Amounts Offset in the Consolidated Statement of Financial Position	(14,428,241)	(12,568,082)
Net Amounts Presented in the Consolidated Statement of Financial Position	75,772	5,901
Financial Instruments/Collateral	(75,772)	(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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	$ 745,236	$ (125,662)	$ 1,565,289	$ (46,571)
Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	8,721	2,342	16,582	4,814
Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	33,773	(598)	40,586	1,107
AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	91,670	15,661	104,494	20,360
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	417	69	(353)	(93)
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	8,721	2,342	16,582	4,814
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	33,483	(595)	40,183	1,121
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	91,670	15,661	104,494	20,360
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	1	1
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	4	12	16	23
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	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	(64)	26	(221)	(99)
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	417	69	(354)	(94)
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	8,717	2,330	16,566	4,791
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	33,483	(595)	40,183	1,121
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	91,734	15,635	104,715	20,459
Derivatives Not Qualifying as Hedge Accounting Instruments: | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	744,819	(125,731)	1,565,642	(46,478)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	290	(3)	403	(14)
Derivatives Not Qualifying as Hedge Accounting Instruments: | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0	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	(1,670,415)	16,719	(3,296,352)	(20,652)
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	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	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	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	15,504	(203)	19,801	834
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	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	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	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	114,645	2,898	112,937	3,090
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	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	290	(3)	0	(14)
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	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	(38,726)	0	(41,449)	(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	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	403	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0	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	933,277	19,694	1,324,537	35,256
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	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	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	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	1,390,534	(164,839)	3,446,168	(64,994)
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	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	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	$ 0	$ 0

Derivative Instruments (Current

Derivative Instruments (Current Period Cash Flow Hedges in AOCI (loss) before Taxes) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
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	160,906
Amounts reclassified into current period earnings	(56,412)
Balance, ending	144,390
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	(204)
Amounts reclassified into current period earnings	(17)
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	161,110
Amounts reclassified into current period earnings	$ (56,395)

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 18
Credit Default Swaps Referencing Indices, Sell Protection
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	2,080	$ 157
Credit Risk Derivatives, at Fair Value, Net		11
Credit Risk Derivative Liabilities, at Fair Value	3
Credit Default Swaps Referencing Indices, Sell Protection | NAIC 3
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	1,981
Credit Default Swaps Referencing Indices, Sell Protection | NAIC 6
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	99
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	(5,707)	(9,048)
Reinsurance Recoverables
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset (Liability), Net	555	931
Policyholders' account balances
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset (Liability), Net	(3,428)	(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	$ (24)	$ (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	Jun. 30, 2022	Dec. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	$ 14,438,956	$ 13,278,166
Fixed maturities, trading	1,814,999	3,302,392
Equity securities	229,268	111,267
Other invested assets	964,752	1,209,925
Other assets	986,295	1,140,948
Reinsurance recoverables	38,809,510	38,598,767
Receivables from parent and affiliates	197,904	278,131
Separate account assets	118,792,119	149,797,828
TOTAL ASSETS	190,435,117	221,661,364
Future policy benefits	24,112,142	27,927,029
Payables to parent and affiliates	72,102	31,775
Other Liabilities	3,203,069	2,264,477
Total liabilities	185,670,939	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	5,707,000	9,048,000
Embedded Derivative, Fair Value of Embedded Derivative Gross Asset	714,000	610,000
Embedded Derivative, Fair Value of Embedded Derivative Gross Liability	6,421,000	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	24,000	13,000
Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	14,438,956	13,278,166
Fixed maturities, trading	1,814,999	3,302,392
Equity securities	229,268	111,267
Short-term Investments	141,881	145,437
Cash equivalents	917,443	436,632
Other invested assets	37,766	268,525
Other assets	75,858	72,937
Reinsurance recoverables	555,053	931,207
Receivables from parent and affiliates	150,946	162,045
Subtotal excluding separate account assets	18,362,170	18,708,608
Separate account assets	113,660,077	144,111,658
TOTAL ASSETS	132,022,247	162,820,266
Future policy benefits	5,706,968	9,047,956
Policyholders’ account balances	3,427,667	3,245,773
Payables to parent and affiliates	43,306	0
Other Liabilities	8,249	18,525
Total liabilities	9,186,190	12,312,254
Asset Netting	(7,317,530)	(6,818,009)
Liability Netting	(14,428,241)	(12,568,082)
Netting	(7,111,000)	(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	(7,317,530)	(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	(14,424,444)	(12,563,253)
Fair Value, Measurements, Recurring | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liability Netting	(3,797)	(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	593,874	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	554,010	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	268,444	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	5,328,017	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	2,285,723	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	1,089,063	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	2,634,683	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	894,553	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	694,688	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	95,901	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	184,148	58,160
Short-term Investments	0	9,997
Cash equivalents	0	13,999
Other invested assets	36,359	246,097
Other assets	0	0
Reinsurance recoverables	0	0
Receivables from parent and affiliates	0	0
Subtotal excluding separate account assets	220,507	328,253
Separate account assets	68,279	52,100
TOTAL ASSETS	288,786	380,353
Future policy benefits	0	0
Policyholders’ account balances	0	0
Payables to parent and affiliates	0	0
Other Liabilities	36,235	10,730
Total liabilities	36,235	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	13,997,655	12,718,438
Fixed maturities, trading	1,814,999	3,302,392
Equity securities	15,337	40,635
Short-term Investments	139,109	135,440
Cash equivalents	917,443	422,633
Other invested assets	7,318,937	6,840,437
Other assets	0	0
Reinsurance recoverables	0	0
Receivables from parent and affiliates	150,946	162,045
Subtotal excluding separate account assets	24,354,426	23,622,020
Separate account assets	113,591,798	144,059,558
TOTAL ASSETS	137,946,224	167,681,578
Future policy benefits	0	0
Policyholders’ account balances	0	0
Payables to parent and affiliates	14,467,750	12,563,253
Other Liabilities	(24,189)	12,624
Total liabilities	14,443,561	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	593,874	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	554,010	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	268,309	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	5,328,017	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	2,112,731	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	1,081,970	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	2,496,890	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	860,209	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	605,744	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	95,901	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	441,301	559,728
Fixed maturities, trading	0	0
Equity securities	29,783	12,472
Short-term Investments	2,772	0
Cash equivalents	0	0
Other invested assets	0	0
Other assets	75,858	72,937
Reinsurance recoverables	555,053	931,207
Receivables from parent and affiliates	0	0
Subtotal excluding separate account assets	1,104,767	1,576,344
Separate account assets	0	0
TOTAL ASSETS	1,104,767	1,576,344
Future policy benefits	5,706,968	9,047,956
Policyholders’ account balances	3,427,667	3,245,773
Payables to parent and affiliates	0	0
Other Liabilities	0	0
Total liabilities	9,134,635	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	135	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	172,992	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	7,093	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	137,793	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	34,344	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	88,944	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	76,000	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	$ 5,132,000	$ 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	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Corporate securities	$ 238,300	$ 106,174
Future policy benefits	24,112,142	27,927,029
Fair Value, Measurements, Recurring
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Future policy benefits	5,706,968	9,047,956
Policyholders’ account balances	$ 3,427,667	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%
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	$ 5,706,968	9,047,956
Policyholders’ account balances	$ 3,427,667	$ 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%	1%
Spread over LIBOR	0.51%	0.03%
Utilization rate	38%	39%
Withdrawal rate (greater than maximum range)	77%	76%
Mortality rate	0%	0%
Equity volatility curve	18%	16%
Level 3 | Internal | Minimum   | Discounted cash flow | Policyholders' account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	1%	1%
Spread over LIBOR	0.24%	0.03%
Mortality rate	0%	0%
Equity volatility curve	6%	6%
Level 3 | Internal | Minimum   | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount Rate	10.26%	1.65%
Level 3 | Internal | Minimum   | Market comparables | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	1.8	4.9
Level 3 | Internal | Minimum   | Cost approach | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value		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%	20%
Spread over LIBOR	2.14%	1.13%
Utilization rate	95%	96%
Withdrawal rate (greater than maximum range)	100%	100%
Mortality rate	15%	15%
Equity volatility curve	28%	25%
Level 3 | Internal | Maximum | Discounted cash flow | Policyholders' account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	80%	42%
Spread over LIBOR	2.14%	1.13%
Mortality rate	23%	23%
Equity volatility curve	36%	31%
Level 3 | Internal | Maximum | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount Rate	20%	20%
Level 3 | Internal | Maximum | Market comparables | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	18.5	19.2
Level 3 | Internal | Maximum | Cost approach | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value		62.58%
Level 3 | Internal | Weighted Average | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount Rate	12.67%	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%
Level 3 | Internal | Fair Value, Measurements, Recurring | Future policy benefits
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Future policy benefits	$ 5,706,968	$ 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	3,427,667	3,245,773
Level 3 | Internal | Fair Value, Measurements, Recurring | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Corporate securities	237,632	312,139
Level 3 | Internal | Fair Value, Measurements, Recurring | Reinsurance recoverables
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Reinsurance recoverables	$ 555,053	$ 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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	$ 11,463	$ 7,678	$ 12,472	$ 7,889
Purchases	10,000	0	10,000	0
Sales	(230)	0	(230)	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Other	9,661	0	9,661	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	29,783	8,005	29,783	8,005
Total gains (losses) (realized/unrealized):
Included in earnings	(1,111)	327	(2,120)	116
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(1,129)	327	(2,138)	116
Equity securities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Equity securities | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	(1,111)	327	(2,120)	116
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(1,129)	327	(2,138)	116
Equity securities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Equity securities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Short-term investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	0	0	0
Purchases	2,766	0	2,766	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(54)	0	(54)	0
Other	0	0	0	0
Transfers into Level 3	55	0	55	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	2,772	0	2,772	0
Total gains (losses) (realized/unrealized):
Included in earnings	5	0	5	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Short-term investments | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Short-term investments | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Short-term investments | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Short-term investments | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	5	0	5	0
Other assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	75,201	0	72,937	0
Purchases	(6,574)	0	1,241	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(819)	0	(2,657)	0
Other	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	75,858	0	75,858	0
Total gains (losses) (realized/unrealized):
Included in earnings	8,050	0	4,337	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	7,231	0	1,679	0
Other assets | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	8,050	0	4,337	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	7,231	0	1,679	0
Other assets | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Other assets | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Other assets | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Reinsurance recoverables
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	700,700	7,447,863	931,207	13,239,539
Purchases	34,038	277,633	69,340	555,866
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Other	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	555,053	9,275,523	555,053	9,275,523
Total gains (losses) (realized/unrealized):
Included in earnings	(179,685)	1,550,027	(445,494)	(4,519,882)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(174,545)	1,638,970	(430,193)	(4,201,349)
Reinsurance recoverables | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(179,685)	1,550,027	(445,494)	(4,519,882)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(174,545)	1,638,970	(430,193)	(4,201,349)
Reinsurance recoverables | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Reinsurance recoverables | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Reinsurance recoverables | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Future policy benefits
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(6,964,587)	(7,435,081)	(9,047,956)	(13,227,814)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	(252,534)	(275,654)	(515,552)	(551,903)
Settlements	0	0	0	0
Other	0	0	0	0
Transfers Into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	(5,706,968)	(9,263,516)	(5,706,968)	(9,263,516)
Total gains (losses) (realized/unrealized):
Included in earnings	1,510,153	(1,552,781)	3,856,540	4,516,201
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	1,460,746	(1,640,666)	3,702,735	4,197,669
Future policy benefits | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	1,510,153	(1,552,781)	3,856,540	4,516,201
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	1,460,746	(1,640,666)	3,702,735	4,197,669
Future policy benefits | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Future policy benefits | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Future policy benefits | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Policyholders' account balances
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(3,260,195)	(1,031,525)	(3,245,773)	(1,155,274)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(238,575)	21,839	(391,366)	35,331
Other	0	0	239,022	0
Transfers Into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	(3,427,667)	(1,156,610)	(3,427,667)	(1,156,610)
Total gains (losses) (realized/unrealized):
Included in earnings	71,103	(146,924)	(29,550)	(36,667)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(341,035)	(128,815)	(492,251)	(325)
Policyholders' account balances | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	71,103	(146,924)	(29,550)	(36,667)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(341,035)	(128,815)	(492,251)	(325)
Policyholders' account balances | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Policyholders' account balances | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Policyholders' account balances | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Available-for-sale | Fixed maturities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(1,909)	2,316	(16,812)	1,808
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	631	2,300	(14,380)	1,799
Available-for-sale | Fixed maturities | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Available-for-sale | Fixed maturities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	(21,240)	2,708	(55,081)	(8,910)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(21,518)	2,700	(54,957)	(8,921)
Available-for-sale | Fixed maturities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	(53)	27	330	50
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	0	55,000
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Other	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	0	55,000	0	55,000
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	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	140	157	150	163
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Other	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	135	156	135	156
Total gains (losses) (realized/unrealized):
Included in earnings	(5)	(1)	(15)	(7)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(5)	(1)	(15)	(8)
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	385,358	165,491	385,634	174,776
Purchases	83,901	23	133,311	2,342
Sales	(11,217)	0	(12,388)	0
Issuances	0	0	0	0
Settlements	(21,195)	(2,208)	(33,335)	(4,373)
Other	0	0	0	0
Transfers into Level 3	0	2,474	0	5,117
Transfers out of Level 3	(106,124)	0	(106,124)	0
Fair Value, end of period	317,878	170,830	317,878	170,830
Total gains (losses) (realized/unrealized):
Included in earnings	(12,845)	5,050	(49,220)	(7,032)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(10,577)	5,000	(47,042)	(7,101)
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	112,116	2,134	173,944	2,065
Purchases	33,490	25,450	33,490	25,950
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(571)	(407)	(1,073)	(823)
Other	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	(11,395)	0	(60,745)	0
Fair Value, end of period	123,288	27,179	123,288	27,179
Total gains (losses) (realized/unrealized):
Included in earnings	(10,352)	2	(22,328)	(13)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(10,305)	1	(22,280)	(13)
Trading | Fixed maturities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	767	0	755
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Other	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	0	801	0	801
Total gains (losses) (realized/unrealized):
Included in earnings	0	34	0	46
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	33	0	46
Trading | Fixed maturities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Trading | Fixed maturities | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	34	0	46
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	33	0	46
Trading | Fixed maturities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Trading | Fixed maturities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	$ 0	$ 0	$ 0	$ 0

Fair Value of Assets and Liab_6

Fair Value of Assets and Liabilities (Nonrecurring Fair Value Measurements) (Details) - Level 3 - Fair Value, Nonrecurring - Investment in JV/LP - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized investment gains (losses) net	$ (75,000)	$ 0	$ (75,000)	$ 0
Carrying value after measurement as of period end	$ 60,456		$ 60,456		$ 0

Fair Value of Assets and Liab_7

Fair Value of Assets and Liabilities (Financial Instruments where Carrying Amounts and Fair Values May Differ) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets [Abstract]
Policy loans	$ 489,592	$ 1,327,485
Cash and cash equivalents	1,789,752	918,931
Accrued investment income	161,703	160,027
Reinsurance recoverables	38,809,510	38,598,767
Receivables from parent and affiliates	197,904	278,131
Liabilities:
Cash collateral for loaned securities	150,666	3,004
Fair Value
Assets [Abstract]
Commercial mortgage and other loans	2,852,215	2,883,710
Policy loans	489,592	1,327,485
Short-term Investments	129,000	37,000
Cash and cash equivalents	872,309	482,299
Accrued investment income	161,703	160,027
Reinsurance recoverables	26,248	29,931
Receivables from parent and affiliates	46,958	116,086
Other assets	523,973	568,981
Total assets	5,101,998	5,605,519
Liabilities:
Policyholders’ account balances - investment contracts	3,905,233	3,947,337
Cash collateral for loaned securities	150,666	3,004
Long-term debt to affiliates	297,877	319,225
Payables to parent and affiliates	28,796	31,775
Other liabilities	846,393	898,879
Total liabilities	5,228,965	5,200,220
Carrying Amount
Assets [Abstract]
Commercial mortgage and other loans	3,066,931	2,832,560
Policy loans	489,592	1,327,485
Short-term Investments	129,000	37,000
Cash and cash equivalents	872,309	482,299
Accrued investment income	161,703	160,027
Reinsurance recoverables	27,938	28,883
Receivables from parent and affiliates	46,958	116,086
Other assets	523,973	568,981
Total assets	5,318,404	5,553,321
Liabilities:
Policyholders’ account balances - investment contracts	3,920,807	3,941,822
Cash collateral for loaned securities	150,666	3,004
Long-term debt to affiliates	315,807	320,362
Payables to parent and affiliates	28,796	31,775
Other liabilities	846,393	898,879
Total liabilities	5,262,469	5,195,842
Level 1 | Fair Value
Assets [Abstract]
Commercial mortgage and other loans	0	0
Policy loans	0	0
Short-term Investments	129,000	37,000
Cash and cash equivalents	872,309	297,299
Accrued investment income	0	0
Reinsurance recoverables	0	0
Receivables from parent and affiliates	0	0
Other assets	0	0
Total assets	1,001,309	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	0	185,000
Accrued investment income	161,703	160,027
Reinsurance recoverables	0	0
Receivables from parent and affiliates	46,958	116,086
Other assets	43,201	134,598
Total assets	251,862	595,711
Liabilities:
Policyholders’ account balances - investment contracts	1,285,380	1,356,850
Cash collateral for loaned securities	150,666	3,004
Long-term debt to affiliates	297,877	319,225
Payables to parent and affiliates	28,796	31,775
Other liabilities	813,143	864,788
Total liabilities	2,575,862	2,575,642
Level 3 | Fair Value
Assets [Abstract]
Commercial mortgage and other loans	2,852,215	2,883,710
Policy loans	489,592	1,327,485
Short-term Investments	0	0
Cash and cash equivalents	0	0
Accrued investment income	0	0
Reinsurance recoverables	26,248	29,931
Receivables from parent and affiliates	0	0
Other assets	480,772	434,383
Total assets	3,848,827	4,675,509
Liabilities:
Policyholders’ account balances - investment contracts	2,619,853	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	33,250	34,091
Total liabilities	$ 2,653,103	$ 2,624,578

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 75,774	$ 6,993	$ 71,073	$ (38,316)
Effective Income Tax Rate, Percent			14.92%	(120.44%)
Federal Statutory Income Tax Rate, Percent			21%

Reinsurance (Reinsurance amount

Reinsurance (Reinsurance amounts included in the Statements of Financial Position) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Effects of Reinsurance [Line Items]
Reinsurance recoverables	$ 38,809,510	$ 38,598,767
Policy loans	(489,592)	(1,327,485)
Deferred policy acquisition costs	6,310,935	6,830,972
Deferred sales inducements	(297,772)	(374,649)
Other assets	986,295	1,140,948
Future policy benefits	24,112,142	27,927,029
Other liabilities	3,203,069	2,264,477
Impacts of Reinsurance
Effects of Reinsurance [Line Items]
Reinsurance recoverables	38,809,510	38,598,767
Policy loans	(1,012,829)	(156,749)
Deferred policy acquisition costs	3,203,610	2,575,232
Deferred sales inducements	(34,354)	(37,905)
Other assets	854,974	850,681
Policyholders' account balance	13,655,630	14,386,443
Future policy benefits	5,167,591	5,286,252
Other liabilities	2,616,417	1,642,413
Unaffiliated activity
Effects of Reinsurance [Line Items]
Deferred policy acquisition costs	481,000	0
Other assets	742,000	497,000
Policyholders' account balance	9,209,000	0
Future policy benefits	2,000	0
Other liabilities	$ 599,000	$ 467,000

Reinsurance (Reinsurance Recove

Reinsurance (Reinsurance Recoverable by Counterparty) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	$ 38,809,510	$ 38,598,767
PAR U
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	13,365,163	13,523,832
PALAC
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	0	7,198,504
PURC
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	5,760,428	5,830,441
PARCC
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	2,282,435	2,371,491
GUL Re
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	2,666,661	2,710,926
PAR Term
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	1,998,500	1,972,339
Prudential Insurance
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	1,378,191	2,082,551
Term Re
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	2,006,812	1,953,063
Lotus Re
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	1,986,321	32,039
DART
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	708,366	644,101
Unaffiliated
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	$ 6,656,633	$ 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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Premiums:
Direct	$ 471,343	$ 486,008	$ 945,271	$ 972,885
Assumed	(9,474)	41	(8,077)	84
Ceded	(404,448)	(441,187)	(805,528)	(883,702)
Net premiums	57,421	44,862	131,666	89,267
Policy charges and fee income:
Direct	900,644	893,456	1,802,968	1,803,345
Assumed	161,372	146,537	312,193	286,650
Ceded	(436,204)	(859,793)	(1,297,787)	(1,757,930)
Net policy charges and fee income	625,812	180,200	817,374	332,065
Net investment income:
Direct	195,480	96,905	390,991	197,300
Assumed	365	371	818	730
Ceded	(3,717)	(1,976)	(20,381)	(3,863)
Net investment income	192,128	95,300	371,428	194,167
Asset administration fees:
Direct	88,655	98,823	186,112	195,437
Assumed	0	0	0	0
Ceded	(16,865)	(92,547)	(35,090)	(182,950)
Net asset administration fees	71,790	6,276	151,022	12,487
Other income (loss):
Direct	(325,563)	24,577	(674,251)	41,677
Assumed	(2,548)	13	(2,509)	(60)
Ceded	(60)	41	(438)	106
Amortization of reinsurance income	16,155	999	37,578	2,151
Net Other income (loss)	(312,016)	25,630	(639,620)	43,874
Realized investment gains (losses), net:
Direct	1,148,607	(1,655,473)	2,355,755	4,502,274
Assumed	(281,646)	0	(485,630)	0
Ceded	(152,252)	1,532,971	(371,309)	(4,548,168)
Realized investment gains (losses), net	714,709	(122,502)	1,498,816	(45,894)
Policyholders’ benefits (including change in reserves):
Direct	1,421,515	801,694	2,326,652	1,799,518
Assumed	761,610	225,704	1,000,277	417,509
Ceded	(2,025,019)	(949,322)	(2,949,059)	(2,045,038)
Net policyholders’ benefits (including change in reserves)	158,106	78,076	377,870	171,989
Interest credited to policyholders’ account balances:
Direct	202,814	100,790	404,840	280,225
Assumed	29,601	32,132	102,103	65,118
Ceded	(109,471)	(85,522)	(220,473)	(241,773)
Net interest credited to policyholders’ account balances	122,944	47,400	286,470	103,570
Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization	(80,230)	(292,845)	(216,082)	(761,280)
Unaffiliated activity
Premiums:
Assumed	(13,000)	100	(13,000)	100
Ceded	(9,000)	(7,000)	(16,000)	(14,000)
Policy charges and fee income:
Assumed	11,000	0	11,000	0
Ceded	(20,000)	(16,000)	(38,000)	(30,000)
Net investment income:
Ceded	9,000	0	4,000	0
Other income (loss):
Assumed	(3,000)	0	(3,000)	0
Realized investment gains (losses), net:
Assumed	(282,000)	0	(282,000)	0
Ceded	(9,000)	31,000	(14,000)	(110,000)
Policyholders’ benefits (including change in reserves):
Assumed	1,000	200	1,000	300
Ceded	(18,000)	(50,000)	(38,000)	(131,000)
Interest credited to policyholders’ account balances:
Assumed	$ (3,000)	$ 0	$ (3,000)	$ 0

Reinsurance (Life Insurance In

Reinsurance (Life Insurance In Force) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Reinsurance Disclosures [Abstract]
Direct gross life insurance face amount in force	$ 1,086,899,612	$ 1,068,336,643
Assumed gross life insurance face amount in force	37,151,725	38,300,008
Reinsurance ceded	(1,012,351,998)	(993,562,545)
Net life insurance face amount in force	$ 111,699,339	$ 113,074,106

Reinsurance (Narrative) (Detail

Reinsurance (Narrative) (Details) $ in Thousands								3 Months Ended			6 Months Ended		21 Months Ended	24 Months Ended	36 Months Ended			48 Months Ended
	Jan. 01, 2022 USD ($)	Jul. 01, 2019	Jul. 01, 2017	Jul. 01, 2012	Dec. 31, 2010	Dec. 31, 2009	Jan. 31, 2001	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2016	Dec. 31, 2019	Dec. 31, 2019	Dec. 31, 2016	Dec. 31, 2013	Dec. 31, 2017	Dec. 31, 2013	Oct. 01, 2021 USD ($)
Effects of Reinsurance [Line Items]
Deposit assets on reinsurance								$ 521,000	$ 497,000		$ 521,000
Funds witheld liabilities								458,000	419,000		458,000
Ceded Premiums								(404,448)		$ (441,187)	(805,528)	$ (883,702)
Policy loan assets								489,592	1,327,485		489,592
Reinsurance recoverables								38,809,510	38,598,767		38,809,510
Impacts of Reinsurance
Effects of Reinsurance [Line Items]
Policy loan assets								1,012,829	156,749		1,012,829
Reinsurance recoverables								38,809,510	38,598,767		38,809,510
PAR U
Effects of Reinsurance [Line Items]
Reinsurance recoverables								13,365,163	13,523,832		13,365,163
PURC
Effects of Reinsurance [Line Items]
Reinsurance recoverables								5,760,428	5,830,441		5,760,428
PARCC
Effects of Reinsurance [Line Items]
Reinsurance recoverables								2,282,435	2,371,491		2,282,435
GUL Re
Effects of Reinsurance [Line Items]
Reinsurance recoverables								2,666,661	2,710,926		2,666,661
PAR Term
Effects of Reinsurance [Line Items]
Reinsurance recoverables								1,998,500	1,972,339		1,998,500
Term Re
Effects of Reinsurance [Line Items]
Reinsurance recoverables								2,006,812	1,953,063		2,006,812
Prudential Insurance
Effects of Reinsurance [Line Items]
Reinsurance recoverables								1,378,191	2,082,551		1,378,191
Lotus Re
Effects of Reinsurance [Line Items]
Reinsurance recoverables								1,986,321	32,039		1,986,321
DART
Effects of Reinsurance [Line Items]
Reinsurance recoverables								708,366	$ 644,101		708,366
Union Hamilton Reinsurance, Ltd.
Effects of Reinsurance [Line Items]
Reinsurance recoverables								2,700,000			2,700,000
Union Hamilton Reinsurance, Ltd. | Quote Share Reinsurance
Effects of Reinsurance [Line Items]
Reinsurance Retention Policy, Reinsured Risk, Percentage													50%
Variable annuity | FLIAC
Effects of Reinsurance [Line Items]
Reinsurance contracts								957,000			957,000
Fixed annuity | FLIAC
Effects of Reinsurance [Line Items]
Reinsurance contracts								$ 315,000			$ 315,000
Percent of total reinsured block								0.13			0.13
Affiliated Entity | PAR U
Effects of Reinsurance [Line Items]
Reinsurance Retention Policy, Reinsured Risk, Percentage				95%	70%
Affiliated Entity | PURC
Effects of Reinsurance [Line Items]
Reinsurance Retention Policy, Reinsured Risk, Percentage																95%	70%
Affiliated Entity | PARCC
Effects of Reinsurance [Line Items]
Reinsurance Retention Policy, Reinsured Risk, Percentage		100%				90%
Affiliated Entity | GUL Re
Effects of Reinsurance [Line Items]
Reinsurance Retention Policy, Reinsured Risk, Percentage			30%												95%
Affiliated Entity | PAR Term
Effects of Reinsurance [Line Items]
Reinsurance Retention Policy, Reinsured Risk, Percentage		100%																	95%
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%
Affiliated Entity | Prudential Insurance
Effects of Reinsurance [Line Items]
Reinsurance Retention Policy, Reinsured Risk, Percentage											100%
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%
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%

Equity (Accumulated Other Compr

Equity (Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance			$ 347,435
Income tax benefit (expense)	$ 189,054	$ (45,396)	402,512	$ 28,335
Ending Balance	(1,171,582)		(1,171,582)
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance			(11,274)	(7,797)
Change in OCI before reclassifications			(7,870)	(4,781)
Amounts reclassified from AOCI			0	0
Income tax benefit (expense)			735	149
Ending Balance	(18,409)	(12,429)	(18,409)	(12,429)
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			(1,920,685)	(129,762)
Amounts reclassified from AOCI			7,026	(4,473)
Income tax benefit (expense)			401,777	28,186
Ending Balance	(1,153,173)	447,876	(1,153,173)	447,876
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			(1,928,555)	(134,543)
Amounts reclassified from AOCI			7,026	(4,473)
Income tax benefit (expense)			402,512	28,335
Ending Balance	(1,171,582)	435,447	(1,171,582)	435,447
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	$ 144,000	$ 12,000	$ 144,000	$ 12,000

Equity (Reclassification out of

Equity (Reclassification out of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net unrealized investment gains (losses)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI			$ 7,026	$ (4,473)
Total reclassifications for the period
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI			7,026	(4,473)
Amounts reclassified from AOCI | Net unrealized investment gains (losses)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	$ 15,905	$ 3,185	(7,026)	4,473
Amounts reclassified from AOCI | Total reclassifications for the period
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	15,905	3,185	(7,026)	4,473
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)	(26,717)	1,369	(63,438)	(1,369)
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)	$ 42,622	$ 1,816	$ 56,412	$ 5,842

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	6 Months Ended
	Jun. 30, 2022 USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	$ 347,435
Ending Balance	(1,171,582)
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	727
Reclassification due to allowance for credit losses recorded during the period	698
Impact of net unrealized investment (gains) losses	0
Ending Balance	3,518
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	(2,210,285)
Reclassification adjustment for (gains) losses included in net income	6,299
Reclassification due to allowance for credit losses recorded during the period	(698)
Impact of net unrealized investment (gains) losses	0
Ending Balance	(1,621,980)
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	(1,798,631)
Ending Balance	(815,546)
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	2,089,823
Ending Balance	974,339
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	464,388
Reclassification adjustment for (gains) losses included in net income	(1,475)
Reclassification due to allowance for credit losses recorded during the period	0
Impact of net unrealized investment (gains) losses	(61,136)
Ending Balance	306,496
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	(1,747,489)
Reclassification adjustment for (gains) losses included in net income	5,551
Reclassification due to allowance for credit losses recorded during the period	0
Impact of net unrealized investment (gains) losses	230,056
Ending Balance	$ (1,153,173)

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details)	3 Months Ended						6 Months Ended		9 Months Ended	12 Months Ended
	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Sep. 30, 2021 USD ($)	Jun. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)	Jun. 30, 2022 USD ($) policy	Jun. 30, 2021 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Related Party Transaction [Line Items]
Commissions and fees	$ 625,812,000				$ 180,200,000		$ 817,374,000	$ 332,065,000
Net investment income	192,128,000				95,300,000		371,428,000	194,167,000
Other invested assets	964,752,000		$ 1,209,925,000				964,752,000			$ 1,209,925,000
Fee income from revenue sharing agreement	71,790,000				6,276,000		151,022,000	12,487,000
Accrued investment income	161,703,000		160,027,000				161,703,000			160,027,000
Prudential Insurance
Related Party Transaction [Line Items]
Contributed Capital	3,000,000	$ 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					$ 324,000,000
Premium									$ 24,000,000
Prudential Insurance
Related Party Transaction [Line Items]
Stock option program plan expense	400,000				300,000		500,000	400,000
Deferred compensation program expense	500,000				800,000		3,200,000	2,300,000
Pension plan expense	5,000,000				3,000,000		10,000,000	6,000,000
Welfare plan expense	3,000,000				3,000,000		$ 7,000,000	6,000,000
Defined contribution plan, employer matching contribution, percent (up to)							4%
Defined contribution plan, cost recognized	2,000,000				1,000,000		$ 4,000,000	2,000,000
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	4,431,000,000		5,248,000,000				$ 4,431,000,000			5,248,000,000
Fees related to Life Insurance, Corporate or Bank Owned, amount	13,000,000				14,000,000		27,000,000	27,000,000
Prudential Financial
Related Party Transaction [Line Items]
Company's share of corporate expenses	21,000,000				14,000,000		$ 34,000,000	32,000,000
Number of Corporate Owned Life Insurance policies sold | policy							1
Affiliated Entity
Related Party Transaction [Line Items]
Net investment income	1,000,000						$ 1,000,000
Accrued interest receivable related to long-term notes receivable	1,000,000		1,000,000				1,000,000			1,000,000
Revenues related to long-term notes receivable	1,000,000				1,000,000		2,000,000	2,000,000
Accrued investment income	300,000						300,000
Line of credit facility, maximum borrowing capacity	2,200,000,000						2,200,000,000
Interest expense related to loans payable	(5,000,000)				0		(5,000,000)	0
Invested Assets			167,000,000							167,000,000
Affiliated Entity | PAD
Related Party Transaction [Line Items]
Commissions and fees	162,000,000				97,000,000		332,000,000	193,000,000
Affiliated Entity | PGIM
Related Party Transaction [Line Items]
Net investment income	10,000,000				3,000,000		18,000,000	7,000,000
Affiliated Entity | ASTISI and PGIM Investments
Related Party Transaction [Line Items]
Fee income from revenue sharing agreement	78,000,000				94,000,000		163,000,000	185,000,000
Affiliated Entity | PGIM Investments
Related Party Transaction [Line Items]
Fee income from revenue sharing agreement	9,000,000				4,000,000		19,000,000	7,000,000
Prudential Financial Joint Ventures
Related Party Transaction [Line Items]
Net investment income	6,000,000				$ 4,000,000		19,000,000	$ 7,000,000
Other invested assets	$ 475,000,000		$ 466,000,000				$ 475,000,000			$ 466,000,000

Related Party Transactions (Aff

Related Party Transactions (Affiliated Notes Receivable) (Details) - Affiliated Entity - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Total notes receivable - affiliated	$ 150,946	$ 162,045
U.S. Dollar fixed rate notes
Related Party Transaction [Line Items]
Total notes receivable - affiliated	$ 150,946	$ 162,045
U.S. Dollar fixed rate notes | Minimum
Related Party Transaction [Line Items]
Interest Rates	0%
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	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Commercial Mortgage Loans	$ 3,066,931	$ 2,832,560
Affiliated Entity | Commercial mortgage loans
Related Party Transaction [Line Items]
Interest Rates	5.62%
Commercial Mortgage Loans	$ 72,818	$ 73,412

Related Party Transactions (A_2

Related Party Transactions (Affiliated Asset Transfers) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Related Party Transaction [Line Items]
Realized investment gains (losses)	$ 714,709	$ (122,502)	$ 1,498,816	$ (45,894)
Affiliated Entity | PALAC - June 2021 - Purchase - Equities
Related Party Transaction [Line Items]
Fair Value	40,284		40,284
Book Value	40,284		40,284
APIC, Net of Tax Increase/(Decrease)	0		0
Realized investment gains (losses)			0
Affiliated Entity | Prudential Insurance - September 2021 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	64,374		64,374
Book Value	59,642		59,642
APIC, Net of Tax Increase/(Decrease)	(3,739)		(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		37,887
Book Value	35,264		35,264
APIC, Net of Tax Increase/(Decrease)	2,073		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		13,944
Book Value	13,944		13,944
APIC, Net of Tax Increase/(Decrease)	0		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		120,256
Book Value	120,256		120,256
APIC, Net of Tax Increase/(Decrease)	0		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		173,590
Book Value	166,427		166,427
APIC, Net of Tax Increase/(Decrease)	0		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		45,358
Book Value	42,127		42,127
APIC, Net of Tax Increase/(Decrease)	(2,553)		(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		22,796
Book Value	21,780		21,780
APIC, Net of Tax Increase/(Decrease)	802		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		29,483
Book Value	29,483		29,483
APIC, Net of Tax Increase/(Decrease)	0		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		51,005
Book Value	47,020		47,020
APIC, Net of Tax Increase/(Decrease)	0		0
Realized investment gains (losses)			3,985
Affiliated Entity | Prudential Insurance - September 2021 - Purchase - Derivatives
Related Party Transaction [Line Items]
Fair Value	600		600
Book Value	494		494
APIC, Net of Tax Increase/(Decrease)	(84)		(84)
Realized investment gains (losses)			0
Affiliated Entity | Prudential Insurance - September 2021 - Sale - Derivatives
Related Party Transaction [Line Items]
Fair Value	335		335
Book Value	175		175
APIC, Net of Tax Increase/(Decrease)	127		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)		(1,243)
Book Value	(1,243)		(1,243)
APIC, Net of Tax Increase/(Decrease)	0		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		2,846
Book Value	770		770
APIC, Net of Tax Increase/(Decrease)	0		0
Realized investment gains (losses)			2,076
Affiliated Entity | PAR U - November 2021 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	41,021		41,021
Book Value	41,021		41,021
APIC, Net of Tax Increase/(Decrease)	0		0
Realized investment gains (losses)			0
Affiliated Entity | PALAC - November 2021 - Purchase - Derivatives
Related Party Transaction [Line Items]
Fair Value	1,112		1,112
Book Value	1,112		1,112
APIC, Net of Tax Increase/(Decrease)	0		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		2,037,320
Book Value	2,037,320		2,037,320
APIC, Net of Tax Increase/(Decrease)	0		0
Realized investment gains (losses)			0
Affiliated Entity | PURC - December 2021 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	48,041		48,041
Book Value	48,041		48,041
APIC, Net of Tax Increase/(Decrease)	0		0
Realized investment gains (losses)			0
Affiliated Entity | PALAC - December 2021 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	57,087		57,087
Book Value	57,087		57,087
APIC, Net of Tax Increase/(Decrease)	0		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		517,309
Book Value	517,309		517,309
APIC, Net of Tax Increase/(Decrease)	0		0
Realized investment gains (losses)			0
Affiliated Entity | Prudential Insurance - December 2021 - Contributed Capital - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	166,676		166,676
Book Value	166,676		166,676
APIC, Net of Tax Increase/(Decrease)	0		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		31,567
Book Value	0		0
APIC, Net of Tax Increase/(Decrease)	0		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		73,572
Book Value	73,572		73,572
APIC, Net of Tax Increase/(Decrease)	0		0
Realized investment gains (losses)			0
Affiliated Entity | PALAC - December 2021 - Purchase - Derivatives
Related Party Transaction [Line Items]
Fair Value	8,455		8,455
Book Value	8,455		8,455
APIC, Net of Tax Increase/(Decrease)	0		0
Realized investment gains (losses)			0
Affiliated Entity | PALAC - January 2022 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	4,432		4,432
Book Value	4,432		4,432
APIC, Net of Tax Increase/(Decrease)	0		0
Realized investment gains (losses)			0
Affiliated Entity | PALAC - January 2022 - Purchase - Derivatives
Related Party Transaction [Line Items]
Fair Value	404		404
Book Value	404		404
APIC, Net of Tax Increase/(Decrease)	0		0
Realized investment gains (losses)			0
Affiliated Entity | PALAC - February 2022 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	128,909		128,909
Book Value	128,909		128,909
APIC, Net of Tax Increase/(Decrease)	0		0
Realized investment gains (losses)			0
Affiliated Entity | PAR U - April 2022 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	48,970		48,970
Book Value	48,970		48,970
APIC, Net of Tax Increase/(Decrease)	0		0
Realized investment gains (losses)			0
Affiliated Entity | Prudential Insurance - May 2022 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	233,426		233,426
Book Value	241,128		241,128
APIC, Net of Tax Increase/(Decrease)	6,085		6,085
Realized investment gains (losses)			0
Affiliated Entity | Prudential Insurance - June 2022 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	88,754		88,754
Book Value	81,216		81,216
APIC, Net of Tax Increase/(Decrease)	(5,955)		(5,955)
Realized investment gains (losses)			0
Affiliated Entity | Prudential Insurance - June 2022 - Transfer In - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	52,089		52,089
Book Value	45,031		45,031
APIC, Net of Tax Increase/(Decrease)	(5,577)		(5,577)
Realized investment gains (losses)			0
Affiliated Entity | Prudential Insurance - June 2022 - Transfer Out - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	48,786		48,786
Book Value	58,984		58,984
APIC, Net of Tax Increase/(Decrease)	(8,057)		(8,057)
Realized investment gains (losses)			0
Affiliated Entity | PAR U - June 2022 - Purchase - Commercial Mortgage and Other Loans
Related Party Transaction [Line Items]
Fair Value	6,492		6,492
Book Value	6,492		6,492
APIC, Net of Tax Increase/(Decrease)	0		0
Realized investment gains (losses)			0
Affiliated Entity | PAR U - June 2022 - Sale - Commercial Mortgage and Other Loans
Related Party Transaction [Line Items]
Fair Value	14,853		14,853
Book Value	15,725		15,725
APIC, Net of Tax Increase/(Decrease)	0		0
Realized investment gains (losses)			(872)
Affiliated Entity | GUL Re - June 2022 - Purchase - Commercial Mortgage and Other Loans
Related Party Transaction [Line Items]
Fair Value	13,551		13,551
Book Value	13,551		13,551
APIC, Net of Tax Increase/(Decrease)	0		0
Realized investment gains (losses)			0
Affiliated Entity | GUL Re - June 2022 - Sale - Commercial Mortgage and Other Loans
Related Party Transaction [Line Items]
Fair Value	8,692		8,692
Book Value	9,033		9,033
APIC, Net of Tax Increase/(Decrease)	0		0
Realized investment gains (losses)			(341)
Affiliated Entity | PURC - June 2022 - Purchase - Commercial Mortgage and Other Loans
Related Party Transaction [Line Items]
Fair Value	4,403		4,403
Book Value	4,403		4,403
APIC, Net of Tax Increase/(Decrease)	$ 0		0
Realized investment gains (losses)			$ 0

Related Party Transactions Rela

Related Party Transactions Related Party Transactions (Debt Agreements) (Details) - Affiliated Entity - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 315,807	$ 320,362
Prudential Insurance Loan Issued 8/13/2021
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 98,222	99,770
Interest Rates	4.39%
Prudential Insurance Loan Issued 8/13/2021
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 29,466	29,931
Interest Rates	4.39%
Prudential Insurance Loan Issued 8/13/2021
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 99,010	100,348
Interest Rates	3.95%
Prudential Insurance Loan Issued 8/13/2021
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 39,604	40,139
Interest Rates	3.95%
Prudential Insurance Loan Issued 8/13/2021
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 49,505	$ 50,174
Interest Rates	3.95%

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 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		$ 100
Indonesia
Commitments and Contingent Liabilities [Line Items]
Joint Venture with CT Corp, Ownership Percentage						49%
Commitments | Commercial mortgage loans
Commitments and Contingent Liabilities [Line Items]
Total outstanding mortgage loan commitments	121		121		$ 121
Allowance for credit losses	0		0		0
Change in allowance for credit loss expense (reversal)	0	$ 0	0	$ 0
Commitments | Investments
Commitments and Contingent Liabilities [Line Items]
Commitments to purchase investment (excluding commercial mortgage loans)	586		586		753
Purchase Commitment
Commitments and Contingent Liabilities [Line Items]
Change in allowance for credit loss expense (reversal)	0	$ 0	0	$ 0
Other Guarantees
Commitments and Contingent Liabilities [Line Items]
Accrued liabilities	$ 33		$ 33		$ 34