Pruco Life Insurance 10-Q 11 May 23 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2023	May 11, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Entity Registrant Name	PRUCO LIFE INSURANCE CO
Document Period End Date	Mar. 31, 2023
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Transition Report	false
Entity File Number	033-37587
Entity Central Index Key	0000777917
Entity Incorporation, State or Country Code	AZ
Entity Tax Identification Number	22-1944557
Entity Address, Address Line One	213 Washington Street
Entity Address, City or Town	Newark
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07102
City Area Code	973
Local Phone Number	802-6000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		250,000

Unaudited Interim Consolidated

Unaudited Interim Consolidated Statements of Financial Position - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
ASSETS
Fixed maturities, available for sale, at fair value (allowance for credit losses: 2023-$3,727; 2022-$4,769) (amortized cost: 2023–$23,394,831; 2022–$21,311,087)		$ 21,576,351	$ 19,025,401
Fixed maturities, trading, at fair value (amortized cost: 2023–$2,912,639; 2022–$2,682,022)		2,262,905	1,936,159
Equity securities, at fair value (cost: 2023– $196,988; 2022–$148,179)		201,065	143,072
Policy loans		513,466	505,367
Short-term investments		267,860	124,491
Commercial mortgage and other loans (net of $21,410 and $20,263 allowance for credit losses at March 31, 2023 and December 31, 2022, respectively)		5,071,307	4,928,680
Other invested assets (includes $79,571 and $116,110 of assets measured at fair value at March 31, 2023 and December 31, 2022, respectively)		1,075,216	1,088,613
Total investments		30,968,170	27,751,783
Cash and cash equivalents		2,488,755	2,397,627
Deferred policy acquisition costs	[1]	7,039,669	6,930,425
Accrued investment income		249,773	219,635
Reinsurance recoverables	[1]	37,853,981	37,096,562
Receivables from parent and affiliates		254,512	224,921
Deferred sales inducements	[1]	374,826	381,504
Income tax assets	[1]	1,528,426	1,694,751
Market Risk Benefit, Asset		1,427,488	1,393,237
Other Assets	[1]	1,500,270	1,331,427
Separate account assets		117,293,384	114,051,246
TOTAL ASSETS		200,979,254	193,473,118
LIABILITIES
Policyholders’ account balances	[1]	43,799,121	41,912,536
Future policy benefits	[1]	21,759,543	20,829,033
Market risk benefit liabilities		5,621,681	5,521,601
Cash collateral for loaned securities		159,552	86,750
Short-term debt to affiliates		125,916	126,250
Long-term debt to affiliates		184,280	185,563
Payables to parent and affiliates		1,773,307	2,126,571
Other liabilities	[1]	4,123,022	3,597,373
Separate account liabilities		117,293,384	114,051,246
Total liabilities		194,839,806	188,436,923
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		6,444,784	6,037,914
Retained earnings / (accumulated deficit)	[1]	(714,475)	(994,154)
Accumulated other comprehensive income (loss)	[1]	406,639	(10,065)
Total equity		6,139,448	5,036,195
TOTAL LIABILITIES AND EQUITY		$ 200,979,254	$ 193,473,118
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Unaudited Interim Consolidate_2

Unaudited Interim Consolidated Statements of Financial Position (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Fixed Maturities, Available-for-sale, allowance for credit losses	$ 3,727	$ 4,769
Fixed Maturities, Available-for-sale, amortized cost	23,394,831	21,311,087
Fixed maturities, trading, amortized cost	2,912,639	2,682,022
Equity securities, at cost	196,988	148,179
Commercial mortgage and other loans, allowance for credit losses	21,410	20,263
Other invested assets, at fair value	$ 79,571	$ 116,110
Common Stock, Par or Stated Value Per Share	$ 10	$ 10
Common Stock, Shares Authorized	1,000,000	1,000,000
Common Stock, Shares, Issued	250,000	250,000
Common Stock, Shares, Outstanding	250,000	250,000

Unaudited Interim Consolidate_3

Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023		Mar. 31, 2022
REVENUES
Premiums	[1]	$ 76,656		$ 69,505
Policy charges and fee income	[1]	386,491		89,180
Net investment income		349,450		179,300
Asset administration fees		64,202		79,232
Other income (loss)	[1]	244,847		(327,083)
Realized Investment gains (losses), net		(120,679)	[1]	353,281	[2]
Net change in value of market risk benefits, net of related hedging gain (loss)	[2]	20,202		(437,868)
TOTAL REVENUES		1,021,169		5,547
BENEFITS AND EXPENSES
Policyholders' benefits		105,182	[1]	185,409
Change in estimates of liability for future policy benefits(1)		(4,402)		(2,847)
Interest credited to policyholders’ account balances	[1]	160,222		112,019
Amortization of deferred policy acquisition costs	[1]	137,495		125,075
General, administrative and other expenses	[1]	286,647		266,950
TOTAL BENEFITS AND EXPENSES		685,144		686,606
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total		336,025		(681,059)
Income tax expense (benefit)		56,239	[1]	(198,848)
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE		279,786		(482,211)
Equity in earnings of operating joint venture, net of taxes		(107)		4
NET INCOME (LOSS)	[2]	279,679		(482,207)
Other comprehensive income (loss), before tax:
Foreign currency translation adjustments		2,666		(1,670)
Net unrealized investment gains (losses)	[1]	382,101		(934,523)
Interest rate remeasurement of future policy benefits		(38,224)		118,713
Gain (loss) from changes in non-performance risk on market risk benefits		180,423		902,052
Total		526,966		84,572
Less: Income tax expense (benefit) related to other comprehensive income (loss)	[1]	110,262		18,013
Other comprehensive income (loss), net of taxes		416,704		66,559
Comprehensive income (loss)		$ 696,383		$ (415,648)
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Unaudited Interim Consolidate_4

Unaudited Interim Consolidated Statements of Equity - USD ($) $ in Thousands		Total		Common   Stock	Additional Paid-in Capital	Retained Earnings / (Accumulated Deficit)	Accumulated Other Comprehensive   Income (Loss)
Beginning Balance at Dec. 31, 2021	[1]	$ 6,213,996		$ 2,500	$ 6,042,491	$ (227,449)	$ 396,454
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contributed capital		8,160			8,160
Comprehensive income (loss):
NET INCOME (LOSS)		(482,207)	[2]			(482,207)
Other comprehensive income (loss), net of tax		66,559					66,559
Total comprehensive income (loss)		(415,648)
Ending Balance at Mar. 31, 2022		5,806,508		2,500	6,050,651	(709,656)	463,013
Beginning Balance at Dec. 31, 2022	[3]	5,036,195		2,500	6,037,914	(994,154)	(10,065)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contributed capital		405,000			405,000
Contributed (distributed) capital-parent/child asset transfers		1,870			1,870
Comprehensive income (loss):
NET INCOME (LOSS)		279,679	[2]			279,679
Other comprehensive income (loss), net of tax		416,704					416,704
Total comprehensive income (loss)		696,383
Ending Balance at Mar. 31, 2023		$ 6,139,448		$ 2,500	$ 6,444,784	$ (714,475)	$ 406,639
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[3]    Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Unaudited Interim Consolidate_5

Unaudited Interim Consolidated Statements of Cash Flows - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023		Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	[1]	$ 279,679		$ (482,207)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Policy charges and fee income	[1]	17,704		39,967
Interest credited to policyholders’ account balances	[1]	160,222		112,019
Realized investment (gains) losses, net		120,679	[2]	(353,281)	[1]
Change in value of market risk benefits, net of related hedging (gains) losses	[1]	(20,202)		437,868
Change in:
Future policy benefits	[1]	484,712		422,575
Reinsurance recoverables	[1]	(45,521)		128,176
Accrued investment income		(30,022)		177
Net payables to/receivables from parent and affiliates		(26,556)		13,342
Deferred policy acquisition costs	[1]	(109,244)		(121,091)
Income taxes	[1]	55,566		(275,052)
Derivatives, net		(225,835)		(970,491)
Other, net	[1],[3]	(76,628)		1,042,096
Cash flows from (used in) operating activities		584,554		(5,902)
Proceeds from the sale/maturity/prepayment of:
Fixed maturities, available-for-sale		410,373		397,074
Fixed maturities, trading		20,383		260,266
Equity securities		44,737		108,979
Policy loans		49,376		45,522
Ceded policy loans		(36,100)		(29,420)
Short-term investments		54,461		156,639
Commercial mortgage and other loans		39,507		46,204
Other invested assets		2,662		24,698
Payments for the purchase/origination of:
Fixed maturities, available-for-sale		(2,262,838)		(1,257,876)
Fixed maturities, trading		(238,718)		(18,641)
Equity securities		(84,161)		(30,573)
Policy loans		(44,573)		(31,465)
Ceded policy loans		27,008		15,297
Short-term investments		(196,042)		(21,748)
Commercial mortgage and other loans		(170,647)		(201,771)
Other invested assets		(41,722)		(35,431)
Notes receivable from parent and affiliates, net		66		140
Derivatives, net		8,058		(18,925)
Other, net		16,146		45,054
Cash flows from (used in) investing activities		(2,402,024)		(545,977)
CASH FLOWS FROM FINANCING ACTIVITIES:
Policyholders’ account deposits		2,609,854		2,578,123
Ceded policyholders’ account deposits		(299,058)		(321,589)
Policyholders’ account withdrawals		(954,813)		(973,023)
Ceded policyholders’ account withdrawals		158,338		157,877
Net change in securities sold under agreement to repurchase and cash collateral for loaned securities		72,809		(300)
Contributed capital		405,000		0
Contributed (distributed) capital - parent/child asset transfers		2,368		0
Net change in all other financing arrangements (maturities 90 days or less)		681		0
Drafts outstanding		(60,532)		23,673
Other, net		(26,049)		254
Cash flows from (used in) financing activities		1,908,598		1,465,015
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		91,128		913,136
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR		2,397,627		918,931
CASH AND CASH EQUIVALENTS, END OF PERIOD		2,488,755		1,832,067
FLIAC
Significant Non-Cash Transactions
Non-cash activities		$ 6,000
Lotus Re
Significant Non-Cash Transactions
Non-cash activities				525,000
The Prudential Insurance Company of America
Significant Non-Cash Transactions
Non-cash activities				$ 8,000
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[3]Prior period has been reclassified to conform to the current period presentation.

Business and Basis of Presentat

Business and Basis of Presentation	3 Months Ended
	Mar. 31, 2023
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”). 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 indexed annuities, fixed indexed annuities, and fixed annuities with a guaranteed lifetime withdrawal income feature from FLIAC. See Note 11 for additional information regarding this reinsurance arrangement. Basis of Presentation On January 1, 2023, the Company adopted Accounting Standard Update (“ASU”) 2018-12, Financial Services— Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts, which provided new authoritative guidance impacting the accounting and disclosure requirements for long-duration insurance and investment contracts issued by the Company. See “Adoption of ASU 2018-12” below for additional information regarding this adoption, including the impacts to the Company’s 2022 financial statements from implementing the new accounting standard as well as the transition impacts recorded as of January 1, 2021. See Note 2 for additional details regarding the key policy changes effected by this ASU and updated accounting policies resulting from the adoption of this ASU for all periods presented in the Unaudited Interim Consolidated Financial Statements. 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, 2022. Adoption of ASU 2018-12 In August 2018, the FASB issued ASU 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts which provides new authoritative guidance impacting the accounting and disclosure requirements for long-duration insurance and investment contracts issued by the Company. The Company adopted this guidance, effective January 1, 2023, using the modified retrospective transition method, where permitted, for changes to the liability for future policy benefits and deferred policy acquisition costs ("DAC") and related balances, and using the retrospective transition method, as required, for market risk benefits. The Company applied the guidance as of the transition date of January 1, 2021 and retrospectively adjusted prior period amounts shown in the 2023 financial statements to reflect the new guidance. The following tables present amounts as previously reported in 2022, the effect upon those amounts from the adoption of the new guidance under ASU 2018-12 Unaudited Interim Consolidated Statements of Financial Position: December 31, 2022 IMPACTED LINES ONLY As Previously Reported Effect of As Currently Reported (in thousands) Deferred policy acquisition costs $ 6,616,097 $ 314,328 $ 6,930,425 Reinsurance recoverables 34,561,825 2,534,737 37,096,562 Deferred sales inducements 275,574 105,930 381,504 Income tax assets 1,873,740 (178,989) 1,694,751 Market risk benefit assets 0 1,393,237 1,393,237 Other assets 1,327,393 4,034 1,331,427 TOTAL ASSETS $ 189,299,841 $ 4,173,277 $ 193,473,118 Policyholders’ account balances $ 41,748,241 $ 164,295 $ 41,912,536 Future policy benefits 23,204,533 (2,375,500) 20,829,033 Market risk benefit liabilities 0 5,521,601 5,521,601 Other liabilities 3,407,156 190,217 3,597,373 Total liabilities 184,936,310 3,500,613 188,436,923 Retained earnings / (accumulated deficit) (95,583) (898,571) (994,154) Accumulated other comprehensive income (loss) (1,581,300) 1,571,235 (10,065) Total equity 4,363,531 672,664 5,036,195 TOTAL LIABILITIES AND EQUITY $ 189,299,841 $ 4,173,277 $ 193,473,118 Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss): Three Months Ended March 31, 2022 IMPACTED LINES ONLY As Previously Reported Effect of Change As Currently Reported (in thousands) REVENUES Premiums $ 74,245 $ (4,740) $ 69,505 Policy charges and fee income 191,562 (102,382) 89,180 Other income (loss) (327,604) 521 (327,083) Realized investment gains (losses), net 784,107 (430,826) 353,281 Change in value of market risk benefits, net of related hedging gain (loss) 0 (437,868) (437,868) TOTAL REVENUES 980,842 (975,295) 5,547 BENEFITS AND EXPENSES Policyholders’ benefits 219,764 (34,355) 185,409 Change in estimates of liability for future policy benefits 0 (2,847) (2,847) Interest credited to policyholders’ account balances 163,526 (51,507) 112,019 Amortization of deferred policy acquisition costs 359,547 (234,472) 125,075 General, administrative and other expenses 267,697 (747) 266,950 TOTAL BENEFITS AND EXPENSES 1,010,534 (323,928) 686,606 INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE (29,692) (651,367) (681,059) Income tax expense (benefit) (4,701) (194,147) (198,848) INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE (24,991) (457,220) (482,211) NET INCOME (LOSS) $ (24,987) $ (457,220) $ (482,207) Other comprehensive income (loss), before tax: Net unrealized investment gains (losses) (1,015,998) 81,475 (934,523) Interest rate remeasurement of future policy benefits 0 118,713 118,713 Gain (loss) from changes in non-performance risk on market risk benefits 0 902,052 902,052 Total (1,017,668) 1,102,240 84,572 Less: Income tax expense (benefit) related to other comprehensive income (loss) (213,458) 231,471 18,013 Other comprehensive income (loss), net of taxes (804,210) 870,769 66,559 Comprehensive income (loss) $ (829,197) $ 413,549 $ (415,648) Unaudited Interim Consolidated Statements of Cash Flows: Three Months Ended March 31, 2022 IMPACTED LINES ONLY As Previously Reported Effect of As Currently Reported (in thousands) CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) $ (24,987) $ (457,220) $ (482,207) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Policy charges and fee income (21,815) 61,782 39,967 Interest credited to policyholders’ account balances 163,526 (51,507) 112,019 Realized investment (gains) losses, net (784,107) 430,826 (353,281) Change in value of market risk benefits, net of related hedging (gains) losses 0 437,868 437,868 Change in: Future policy benefits and other insurance liabilities 429,299 (6,724) 422,575 Reinsurance recoverables 61,230 66,946 128,176 Deferred policy acquisition costs 113,058 (234,149) (121,091) Income taxes (78,724) (196,328) (275,052) Other, net(1) 1,093,590 (51,494) 1,042,096 Cash flows from (used in) operating activities $ (5,902) $ 0 $ (5,902) (1) Prior period has been reclassified to conform to the current period presentation. The following tables detail the January 1, 2021 transition adjustments by providing a rollforward of the ending reported balances as of December 31, 2020 to the opening balances as of January 1, 2021 for retained earnings, accumulated other comprehensive income (“AOCI”) and the impacted insurance-related balances. January 1, 2021 Retained Earnings (in thousands) Balance after-tax, prior to transition $ 1,772,398 Reclassification of market risk benefits non-performance risk to accumulated other comprehensive income(1) (722,837) Updates to certain universal life contract liabilities(2) (116,120) Other(3) 72,950 Total pre-tax adjustments (766,007) Tax impacts 160,861 Balance after-tax, after transition $ 1,167,252 (1) Reflects the cumulative impact of changes in the fair value of market risk benefits (“MRB”) non-performance risk (“NPR”) from the date of contract issuance to January 1, 2021. These amounts were previously recorded in retained earnings but are now reflected in AOCI under the new guidance. (2) Reflects the impact on additional insurance reserves ("AIR") and other related balances primarily related to the no-lapse guarantee features on certain universal life contracts. For additional information, see Note 2. (3) Primarily reflects the reassessment of deferred reinsurance gains ("DRG") and losses ("DRL"). January 1, 2021 Accumulated Other Comprehensive Income (in thousands) Balance after-tax, prior to transition $ 546,128 Interest rate remeasurement of future policy benefits (196,526) Reclassification of market risk benefits non-performance risk to accumulated other comprehensive income(1) 722,837 Unwinding amounts related to unrealized investment gains and losses(2) (102,042) Change in operating joint ventures (753) Total pre-tax adjustments 423,516 Tax impacts (89,096) Balance after-tax, after transition $ 880,548 (1) Reflects the cumulative impact of changes in NPR on the fair value of market risk benefits from the date of contract issuance to January 1, 2021. These amounts were previously recorded in retained earnings but are now reflected in AOCI under the new guidance. (2) Primarily reflects amounts related to DAC and other balances as unrealized investment gains or losses no longer impact the amortization pattern of such balances under the new guidance. Also includes the impacts from updates to reserves and other related balances for certain universal life contracts. For additional information, see Note 2. January 1, 2021 Deferred Policy Acquisition Costs Term Life Variable/Universal Life Total (in thousands) Balance prior to transition $ 462,098 $ 1,971,838 $ 2,433,936 Unwinding amounts related to unrealized investment gains and losses 0 74,702 74,702 Other(1) 1 (15,557) (15,556) Balance after transition $ 462,099 $ 2,030,983 $ 2,493,082 (1) Represents miscellaneous model refinements. January 1, 2021 Deferred Reinsurance Losses(1) Variable Annuities Term Life Variable/Universal Life Total (in thousands) Balance prior to transition $ 118,579 $ 87,932 $ 27,167 $ 233,678 Unwinding amounts related to unrealized investment gains and losses 14,804 0 0 14,804 Effect of change in reserve basis to market risk benefits 141,032 0 0 141,032 Effect of change in SOP 03-1 reserve basis 0 0 (27,167) (27,167) Balance after transition $ 274,415 $ 87,932 $ 0 $ 362,347 (1) Deferred reinsurance losses are included in “Other assets”. January 1, 2021 Deferred Reinsurance Gains(1) Variable/Universal Life (in thousands) Balance prior to transition $ 134,213 Effect of change in SOP 03-1 reserve basis 40,046 Balance after transition $ 174,259 (1) Deferred reinsurance gains are included in “Other liabilities”. January 1, 2021 Benefit Reserves(1) Term Life Life Insurance - Taiwan Other(2) Total (in thousands) Balance prior to transition $ 6,674,490 $ 1,592,329 $ 219,744 $ 8,486,563 Changes in cash flow assumptions and other activity (259) 43,233 (7,283) 35,691 Balance after transition, at original discount rate 6,674,231 1,635,562 212,461 8,522,254 Cumulative changes in discount rate assumptions 2,432,010 3,316,991 27,818 5,776,819 Balance after transition, at current discount rate 9,106,241 4,952,553 240,279 14,299,073 Less: Reinsurance recoverable 8,536,200 4,952,553 239,874 13,728,627 Balance after transition, net of reinsurance recoverable $ 570,041 $ 0 $ 405 $ 570,446 (1) Benefit reserves, excluding amounts for reinsurance recoverable, are included in "Future policy benefits". For additional information on the liability for future policy benefits, see Note 8. (2) Other includes fixed annuities and retirement products. January 1, 2021 Deferred Profit Liability(1) Life Insurance - Taiwan Other(2) Total (in thousands) Balance prior to transition $ 49,127 $ 1,689 $ 50,816 Changes in benefit reserves (6,671) 8,521 1,850 Balance after transition 42,456 10,210 52,666 Less: Reinsurance recoverable 42,456 10,210 52,666 Balance after transition, net of reinsurance recoverable $ 0 $ 0 $ 0 (1) Deferred profit liability ("DPL"), excluding amounts for reinsurance recoverable, is included in "Future policy benefits". For additional information regarding the liability for future policy benefits, see Note 8. (2) Other includes fixed annuities and retirement products. January 1, 2021 Additional Insurance Reserves(1) Variable/Universal Life Variable Annuities Total (in thousands) Balance prior to transition $ 9,363,585 $ 588,311 $ 9,951,896 Unwinding amounts related to unrealized investment gains and losses (1,426,811) (53,889) (1,480,700) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 7,936,774 534,422 8,471,196 Reclassification of future policy benefits additional insurance reserves to market risk benefits 0 (534,422) (534,422) Updates to certain universal life contract liabilities(2) 1,771,341 0 1,771,341 Balance after transition, excluding amounts related to unrealized investment gains and losses 9,708,115 0 9,708,115 Amounts related to unrealized investment gains and losses after transition 1,169,972 0 1,169,972 Balance after transition 10,878,087 0 10,878,087 Less: Reinsurance recoverable 10,685,150 0 10,685,150 Balance after transition, net of reinsurance recoverable $ 192,937 $ 0 $ 192,937 (1) Additional insurance reserves ("AIR"), excluding amounts for reinsurance recoverable, are included in "Future policy benefits". For additional information regarding the liability for future policy benefits, see Note 8. (2) For additional information regarding updates to reserves and other related balances for certain universal life contracts, see Note 2. January 1, 2021 Unearned Revenue Reserves(1) Variable/Universal Life (in thousands) Balance prior to transition $ 1,377,669 Unwinding amounts related to unrealized investment gains and losses and other activity 367,599 Balance after transition 1,745,268 Less: Reinsurance recoverable 751,517 Balance after transition, net of reinsurance recoverable $ 993,751 (1) Unearned revenue reserves ("URR") are included in "Policyholders' account balances". For additional information regarding the liability for policyholders' account balances, see Note 9. January 1, 2021 Market Risk Benefits(1) Variable Annuities (in thousands) Liability for guaranteed benefits recorded at fair value, prior to transition $ 13,227,814 Additional insurance reserves to be reclassed to market risk benefits, prior to transition, excluding amounts related to unrealized investment gains and losses 534,422 Total liability prior to transition 13,762,236 Change in reserve basis to market risk benefits framework (184,693) Market risk benefits after transition, at current non-performance risk value 13,577,543 Less: Reinsured market risk benefits 13,589,575 Market risk benefits after transition, net of reinsurance (12,032) Market risk benefits after transition, at contract inception non-performance risk value 14,300,380 Cumulative change in non-performance risk 722,837 Market risk benefits after transition, at current non-performance risk value $ 13,577,543 (1) For additional information regarding market risk benefits, see Note 10. January 1, 2021 Cost of Reinsurance(1) Variable/Universal Life (in thousands) Balance prior to transition $ 602,294 Unwinding amounts related to unrealized investment gains and losses (246,899) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 355,395 Impact from updates to certain universal life contract liabilities(2) 81,920 Balance after transition, excluding amounts related to unrealized investment gains and losses 437,315 Amounts related to unrealized investment gains and losses after transition 191,098 Balance after transition $ 628,413 (1) Cost of reinsurance is included in "Other liabilities". (2) For additional information regarding updates to reserves and other related balances for certain universal life contracts, see Note 2. 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 future policy benefits; 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; market risk benefits; the valuation of investments including derivatives, the measurement of allowance for credit losses, and the recognition of other-than-temporary impairments; reinsurance recoverables; any provision for income taxes and valuation of deferred tax assets; and accruals for contingent liabilities, including estimates for losses in connection with unresolved legal and regulatory matters. Reclassifications Certain amounts in prior periods have been reclassified to conform to the current period presentation.

Significant Accounting Policies

Significant Accounting Policies and Pronouncements	3 Months Ended
	Mar. 31, 2023
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 ASUs to the FASB Accounting Standards Codification ("ASC"). The Company considers the applicability and impact of all ASUs. ASUs listed below include those that have been adopted during the current fiscal year and/or those that have been issued but not yet adopted as of March 31, 2023, and as of the date of this filing. ASUs not listed below were assessed and determined to be either not applicable or not material. Adoption of ASU 2018-12 Effective January 1, 2023, the Company adopted ASU 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts . Adoption of this ASU impacted, at least to some extent, the accounting and disclosure requirements for all long-duration insurance and investment contracts issued by the Company and had a significant financial impact on the Consolidated Financial Statements and disclosures. See Note 1 for additional information. As of the January 1, 2021 transition date, the adoption of the standard resulted in a decrease to “Total equity” of $271 million, primarily from remeasuring in force contract liabilities using upper-medium grade fixed income instrument yields as of the transition date and from other changes in reserves. As of the January 1, 2023 adoption date, the impact amounted to an increase to "Total equity" of $673 million. The changes in the impacts from January 1, 2021 to January 1, 2023 primarily reflect the increase in market interest rates during 2021 and 2022. Outlined below are: (1) key accounting policy changes effected by the ASU and (2) updated accounting policies for all of the periods presented in the Unaudited Interim Consolidated Financial Statements. (1) Key Accounting Policy Changes Area of Change 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-payment 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. Effective January 1, 2023 using the modified retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021 (the “transition date”). Under this method, the amendments to contracts in force were applied as of January 1, 2021 on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI The impact upon transition reflects the impact on in force contract liabilities in instances where expected net premiums exceeded expected gross premiums at an issue-year cohort level as a result of updating to current best estimate cash flow assumptions as of the transition date. As a result of the modified retrospective transition method, the vast majority of the impact of updating cash flow assumptions to best estimates as of the transition date will be reflected in the pattern of earnings in subsequent periods. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 8 for additional information. Discount rate assumption used to measure the liability for future policy benefits for non-participating traditional and limited-payment insurance products Requires discount rate assumptions to be based on an upper-medium grade fixed income instrument yields, 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, the guidance for the liability for future policy benefits was adopted effective January 1, 2023 using the modified retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021. Under this method, for balance sheet remeasurement purposes, the liability for future policy benefits is remeasured using discount rates as of January 1, 2021 with the impact recorded as a cumulative effect adjustment to AOCI. Adoption of the ASU resulted in a significant impact to AOCI as a result of remeasuring in force contract liabilities using current upper-medium grade fixed income instrument yields. This adjustment largely reflects the difference between discount rates locked-in at contract inception versus current discount rates. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 8 for additional information. Area of Change Description Method of adoption Effect on the financial statements or other significant matters Amortization of deferred acquisition costs ("DAC") and other balances Requires DAC and other balances, such as URR and Deferred Sales Inducements ("DSI"), to be amortized on a constant level basis over the expected term of the related contract, independent of expected profitability. Effective January 1, 2023 using the modified retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021. Under this method, the amendments to contracts in force were applied as of January 1, 2021 on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI. Adoption of the ASU did not have a significant impact on DAC and other balances upon transition, other than the impact of the removal of any related amounts in AOCI. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 6 for additional information. Market Risk Benefits 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 Consolidated Statements of Financial Position. Changes in the fair value of market risk benefits are recorded in net income, except for the portion attributable to changes in an entity’s NPR, which is recognized in OCI. 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. Effective January 1, 2023 using the retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021. Adoption of the ASU resulted in an adjustment to retained earnings for the difference between the fair value and carrying value of benefits not measured at fair value prior to the adoption of the ASU (e.g., guaranteed minimum death benefits on variable annuities) and a reclass of the cumulative effect of changes in NPR from retained earnings to AOCI. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 10 for additional information. In addition to the significant key accounting changes noted above, ASU 2018-12 also clarified the definition of assessments used to accrue additional insurance reserves and other related balances, primarily for no-lapse guarantee features on certain universal life contracts. Application of the new guidance changed the pattern of reserve recognition for these guarantees and resulted in an increase to the net contract liabilities related to these products at transition. See Note 1 for additional information regarding the effect on the financial statements. ASU 2022-05, Financial Services – Insurance (Topic 944) Transition for Sold Contracts was issued on December 15, 2022, to amend the transition guidance in ASU 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts . The amendment allows an insurance entity to make an accounting policy election to not apply ASU 2018-12 to contracts or legal entities sold or disposed of before the effective date, and in which the insurance entity has no significant continuing involvement with the derecognized contracts. An insurance entity is permitted to apply the policy election on a transaction by transaction basis to each sale or disposal transaction. An insurance entity is required to disclose whether it has chosen to apply this accounting policy election and provide a qualitative description of the sale or disposal transactions to which the accounting policy election is applied. The Company did not apply this accounting policy election. (2) Updated Accounting Policies This section includes the updated accounting policies resulting from the adoption of ASU 2018-12 which are applicable to all of the periods presented in the Unaudited Interim Financial Statements. This section is meant to serve as an update to, and should be read in conjunction with, Note 2 to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2022. ASSETS Deferred policy acquisition costs represents costs directly related to the successful acquisition of new and renewal insurance and annuity business. Such DAC primarily includes commissions, costs of policy issuance and underwriting, and certain other expenses that are directly related to successfully acquired contracts. In each reporting period, previously capitalized DAC is amortized and included in “Amortization of deferred policy acquisition costs”, and the carrying amount of DAC is not subject to recoverability testing upon adoption of the ASU. DAC is amortized on a constant-level basis at a grouped contract level over the expected life of the underlying insurance contracts. Contracts are grouped consistent with the groupings used to estimate the liability for future policy benefits (or other related balances) for the corresponding contracts. Since contracts within a grouping may be of different sizes, contracts within a group are weighted to achieve appropriate amortization and to ensure that DAC is derecognized when a policy is no longer in force. The constant-level basis used to weight contracts within a grouping and amortize DAC is generally defined as follows: • Life insurance contracts – DAC associated with life insurance contracts is generally amortized in proportion to the initial face amount of life insurance in force. This is applicable to traditional and universal life insurance. • Payout annuity contracts – DAC associated with payout annuity contracts is amortized in proportion to annual benefit payments. • Deferred annuity contracts – DAC associated with fixed and variable deferred annuity contracts is amortized in proportion to deposits. For single premium immediate annuities without life contingencies, acquisition expenses are deferred and amortized over the expected life of the contracts using the interest method. Current period DAC amortization reflects the impact of changes in actual insurance in force during the period and changes in future assumptions effected as of the end of the quarter, where applicable. The Company typically updates actuarial assumptions annually in the second quarter, (see "Annual Assumptions Review" below), unless a material change is observed in an interim period that is indicative of a long-term trend. Generally, the Company does not expect trends to change significantly in the short-term and, to the extent these trends may change, the Company expects such changes to be gradual over the long-term. Assumptions used for DAC are consistent with those used in estimating the liability for future policy benefits (or any other related balance) for the corresponding contract. Determining the level of aggregation and actuarial assumptions used in projecting in force terminations requires judgment. Internal criteria are developed to determine the level of aggregation by considering both qualitative and quantitative materiality thresholds. The assumptions used in projecting in force terminations are mortality, mortality improvement, and lapse assumptions. These assumptions are generally based on the Company’s experience, industry experience and/or other factors, as applicable. For variable deferred annuity contracts, lapse rates are adjusted at the contract level based on the in-the-moneyness of the living benefits 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 are also generally assumed to be lower for the period where surrender charges apply. For some products, policyholders can elect to modify product benefits, features, rights or coverages by exchanging a contract for a new contract or by amendment, endorsement, or rider to a contract, or by the election of a feature or coverage within a contract. These transactions are known as internal replacements. If policyholders surrender traditional life insurance policies in exchange for life insurance policies that do not have fixed and guaranteed terms, the Company immediately charges to expense the remaining unamortized DAC on the surrendered policies. For other internal replacement transactions, except those that involve the addition of a non-integrated contract feature that does not change the existing base contract, the unamortized DAC is immediately charged to expense if the terms of the new policies are not substantially similar to those of the former policies. If the new terms are substantially similar to those of the earlier policies, the DAC is retained with respect to the new policies and amortized over the expected life of the new policies. See Note 6 for additional information regarding DAC. Reinsurance recoverables include corresponding receivables associated with reinsurance arrangements with affiliates and third party reinsurers, and are reported on the Consolidated Statements of Financial Position net of the CECL allowance. Reinsurance recoverables also include assumed modified coinsurance arrangements which generally reflect the value of the invested assets retained by the cedant and the associated asset returns. Modified coinsurance recoverables contain an embedded derivative (bifurcated and accounted for separately from the host contract) that is presented together with the derivative embedded in the modified coinsurance payables as one compound derivative. For additional information about these arrangements see Note 11. The CECL allowance considers the credit quality of the reinsurance counterparty and is generally determined based on the probability of default and loss given default assumptions, after considering any applicable collateral arrangements. The CECL allowance does not apply to reinsurance recoverables with affiliated counterparties under common control. Additions to or releases of the allowance are reported in “Policyholders’ benefits.” Prior to the adoption of this standard, an allowance for credit losses for reinsurance recoverables was established only when it was deemed probable that a reinsurer may fail to make payments to us in a timely manner. Reinsurance premiums, commissions, expense reimbursements, benefits and reserves related to reinsured long-duration contracts under coinsurance arrangements are accounted for over the life of the underlying reinsured contracts using assumptions consistent with those used to account for the underlying contracts. For reinsurance of in force blocks of non-participating traditional and limited-payment contracts, the current value of the direct liability as of inception of the reinsurance agreement is used to calculate the reinsurance recoverable and cost of reinsurance such that there is no immediate other comprehensive income or loss from recognition of the reinsurance recoverable at inception. Consistent with the direct liability, the reinsurance recoverable for non-participating traditional and limited-payment contracts is remeasured each period using current single A rates with the effect on the liability resulting from such updates recorded in "Interest rate remeasurement of future policy benefits" in OCI. Coinsurance arrangements contrast with the Company’s yearly renewable term arrangements, where only mortality risk is transferred to the reinsurer and premiums are paid to the reinsurer to reinsure that risk. The mortality risk that is reinsured under yearly renewable term arrangements represents the difference between the stated death benefits in the underlying reinsured contracts and the corresponding reserves or account value carried by the Company on those same contracts. The premiums paid to the reinsurer are based upon negotiated amounts, not on the actual premiums paid by the underlying contract holders to the Company. As yearly renewable term arrangements are usually entered into by the Company with the expectation that the contracts will be in force for the lives of the underlying policies, they are considered to be long-duration reinsurance contracts. The cost of reinsurance for universal life products is generally recognized based on the gross assessments of the underlying direct policies. The cost of reinsurance for term insurance products is generally recognized in proportion to direct premiums over the life of the underlying policies. Market risk benefits in an asset position are presented separately from market risk benefits in a liability position. See “ Market risk benefits ” below. Other assets consists primarily of deposit assets related to a reinsurance agreement entered into with a third-party reinsurer during 2021 using deposit accounting under U.S. GAAP, see Note 11 for additional information. Included in these deposit assets are amounts representing fair value of embedded derivative instruments associated with the index-linked features of certain annuity products. For additional information regarding the valuation of these embedded derivatives, see Note 5. Also included are premiums due, deferred loss on reinsurance with affiliates which is amortized over the expected life of the reinsured contracts on a constant-level basis, receivables resulting from sales of securities that had not yet settled at the balance sheet date, prepaid tax expenses, and the Company’s investments in operating joint ventures. Investments in operating joint ventures are generally accounted for under the equity method. The carrying value of these investments is written down, or impaired, to fair value when a decline in value is considered to be other-than-temporary. Deferred Sales Inducements are amounts that are credited to a policyholders’ account balance primarily as an inducement to purchase fixed and/or variable deferred annuity contracts. The Company defers sales inducements and amortizes them over the expected life of the policy using the same methodology, factors and assumptions used to amortize DAC. The Company records amortization of DSI in “Interest credited to policyholders’ account balances.” Unlike DAC, DSI are considered contractual cash flows and, as a result, are subject to periodic recoverability testing. See Note 6 for additional information regarding DSI. Separate account assets represents segregated funds that are invested for certain policyholders, and other customers. The assets consist primarily of equity securities, fixed maturities, real estate-related investments, real estate mortgage loans, short-term investments and derivative instruments and are reported at fair value. The assets of each account are legally segregated and are not subject to claims that arise out of any other business of the Company. 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. The investment income and realized investment gains or losses from separate account assets generally accrue to the policyholders and are not included in the Company’s results of operations. Mortality, policy administration and surrender charges assessed against the accounts are included in “Policy charges and fee income”. Asset administration fees charged to the accounts are included in “Asset administration fees”. Seed money that the Company invests in separate accounts is reported in the appropriate general account asset line. Investment income and realized investment gains or losses from seed money invested in separate accounts accrue to the Company and are included in the Company’s results of operations. See Note 7 for additional information regarding separate account arrangements with contractual guarantees. See also “Separate account liabilities ” below. LIABILITIES Future policy benefits is primarily comprised of the present value of expected future payments to or on behalf of policyholders, where the timing and amount of payment depends on policyholder mortality or morbidity, less the present value of expected future net premiums (where net premiums are gross premiums multiplied by the Net-To-Gross ("NTG") ratio discussed below). The liability for future policy benefits is accrued over time as premium revenue is recognized. See Note 8 for additional information regarding future policy benefits. The reserving methodology used for non-participating traditional and limited-payment contracts include the following: • Cash Flow Assumptions . In measuring the liability for future policy benefits, the net premium valuation methodology is utilized. Under this methodology, a liability for future policy benefits is established using current best estimate insurance assumptions and interest rate assumptions locked-in at contract issuance date. The NTG ratio is calculated as the ratio of the present value of expected policy benefits and non-level claim settlement expenses divided by the present value of expected gross premiums. The NTG ratio is applied to gross premiums, as premium revenue is recognized, to determine net premiums. The liability is then determined as the present value of expected future policy benefits and non-level claim settlement expenses less the present value of expected future net premiums. For purposes of liability measurement, contracts are grouped into cohorts based primarily on issue year and major product line. The NTG ratio is generally updated quarterly for actual experience and annually for future cash flow assumption updates during the Company’s annual assumptions review process in the second quarter of each year unless a material change is observed in an interim period that is indicative of a long-term trend (see “ Annual Assumptions Review” below), and with the exception of claim settlement expense assumptions which the Company has made an entity-wide election to lock-in as of contract issuance. The NTG ratio is subject to a retrospective unlocking method whereby the Company updates its best estimate of cash flows expected over the life of the cohort using actual historical experience and updated future cash flow assumptions. These updated cash flows are used to calculate the revised NTG ratio, which is used to derive an updated liability for future policy benefits as of the beginning of the current reporting period, discounted at the original contract issuance discount rate. The updated liability for future policy benefit amount as of the beginning of the quarter is then compared to the carrying amount of the liability as of that same date, before the updates for actual experience or future cash flow assumptions, to determine the current period change in liability estimate. This current period change in the liability is the liability remeasurement gain or loss that is recorded through current period earnings in “Change in estimates of liability for future policy benefits.” In subsequent periods, the revised NTG ratio is used to measure the liability for future policy benefits, subject to future revisions. If a cohort is in a loss position where the liability for future policy benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for expected future policy benefits and non-level claim settlement expenses, the NTG ratio is capped at 100%. In these instances, all changes in expected benefits resulting from both actual experience deviations and changes in future assumptions are reflected immediately. While the liability for future policy benefits cannot be less than zero (i.e., a contra-liability) at the cohort level and thus the balance is floored at zero (i.e., “flooring”), the NTG ratio may be negative. This would be the case whereby conditions have improved such that the present value of future net premiums plus the existing liability for future policy benefits as of the valuation date exceed the present value of expected future policy benefits and non-level claim settlement expenses. In this case, the negative NTG ratio would be applied going forward to gross premiums received, effectively amortizing the gain into income and reducing the liability over time. In addition, for limited-payment contracts, the liability for future policy benefits also includes a Deferred Profit Liability representing gross premiums received in excess of net premiums and is generally recognized in revenue in a constant relationship with insurance in force for life contracts or with the amount of expected future benefit payments for annuity contracts. The DPL is subject to a retrospective unlocking adjustment consistent with the liability for future policy benefits discussed above. The DPL cannot be less than zero (i.e., a contra-liability) at the cohort level and thus the balance is floored at zero (i.e., “flooring”). For contracts issued prior to January 1, 2021, the modified retrospective transition method was used to transition to ASU 2018-12. Under this method, the transition date of January 1, 2021 serves as the new issue date of the contracts in force for purposes of retrospectively unlocking the NTG ratio and DPL as described above. • Discount Rate Assumption. The locked-in discount rate is generally based on expected investment returns at contract inception for contracts issued prior to January 1, 2021 and the upper medium grade fixed income corporate instrument yield (i.e., global single A) at contract inception for contracts issued after January 1, 2021. The discount rate in effect at contract inception is locked-in for the calculation of the NTG ratio and accretion of interest cost on the liability through net income. However, for balance sheet remeasurement purposes, the discount rate is updated using the current single A rate at each reporting period, with the effect on the liability resulting from such update recorded in “Interest rate remeasurement of future policy benefits" in OCI. The methodology used in constructing the single A discount rate curve for discounting cash flows used to calculate the liability for future policy benefits is intended to be reflective of the characteristics of the applicable insurance liabilities. The single A discount rate curve is developed by reference to upper medium grade (low credit risk) fixed income instrument yields that reflect the duration characteristics of the applicable insurance liabilities. The single A discount curve for the United States and foreign economies, such as Japan, with observable corporate A spreads, is developed using government bond rates, plus globally equivalent public corporate A spreads in the observable periods. The definition of upper medium grade is based on Moody’s definition which includes the spectrum of A (i.e., A- to A+). The rate used in foreign operations (with the exception of certain emerging markets, as discussed below) is based on the equivalent of a single A rate from a global rating agency for corporate bonds issued in the same currency and country in which the insurance contract is written. Liquidity is considered in defining the observable period and linear extrapolation is performed to the Company's ultimate long-term economic assumptions. See “Annual Assumptions Review” below for further discussion regarding the Company’s long-term economic assumption setting process. The Company’s liability for future policy benefits also includes net liabilities for guaranteed benefits related to certain long-duration life contracts, such as no-lapse guarantee contract features (AIR liability), for which a liability is established when associated assessments are recognized (which include investment margin on policyholders' account balances in the general account and all policy charges including charges for administration, mortality, expense, surrender, and other charges). This liability is established using current best estimate assumptions and is based on the ratio of the present value of total expected excess payments (i.e., payments in excess of account value) over the life of the contract divided by the present value of total expected assessments (i.e., benefit ratio). For universal life type contracts and participating contracts, the Company performs premium deficiency tests using best estimate assumptions as of the testing date. If the liabilities determined based on these best estimate assumptions are greater than the net reserves (i.e., GAAP reserves including URR, net of reinsurance and any DSI asset), the existing net reserves are adjusted by first reducing these assets by the amount of the deficiency or to zero through a charge to current period earnings. If the deficiency is more than these asset balances for insurance contracts, the net reserves are increased by the excess through a charge to current period earnings included in "policyholders' benefits". Since investment yields are used as the discount rate, the premium deficiency test is also performed using a discount rate based on the market yield (i.e., assuming what would be the impact if any unrealized gains (losses) were realized as of the testing date). In the event that by using the market yield a deficiency occurs, an adjustment is established for the deficiency and is included in AOCI. In certain instances, for universal life type contracts and participating contracts, the policyholder liability for a particular line of business may not be deficient in the aggregate to trigger loss recognition, but the pattern of earnings may be such that profits are expected to be recognized in earlier years followed by losses in later years. In these situations, accounting standards require that an additional liability (Profits Followed by Losses or “PFL” liability) be recognized by an amount necessary to sufficiently offset the losses that would be recognized in later years. Historically, PFL liabilities have been predominantly associated with certain universal life contracts that measure GAAP reserves using a dynamic approach, and accordingly, are updated each quarter, using current in force and market data, and as part of the annual assumption update, such that the liability as of each measurement date represents the Company's current estimate of the present value of the amount necessary to offset anticipated future losses. The Company’s liability for future policy benefits also includes a liability for unpaid claims and claim adjustment expenses. The Company does not establish claim liabilities until a loss has been incurred. However, unpaid claims and claim adjustment expenses include estimates of claims that the Company believes have been incurred but have not yet been reported as of the balance sheet date. Policyholders’ account balances liability represents the contract value that has accrued to the benefit of the policyholder as of the balance sheet date. This liability is primarily associated with the accumulated account deposits, plus interest credited, less policyholder withdrawals and other charges assessed against the account balance, as applicable. These policyholders’ account balances also include provision for benefits under non-life contingent payout annuities and certain unearned revenues. The unearned revenue liability represents policy charges for services to be

Investments

Investments	3 Months Ended
	Mar. 31, 2023
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: March 31, 2023 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 $ 393,303 $ 1,431 $ 60,356 $ 0 $ 334,378 Obligations of U.S. states and their political subdivisions 667,170 6,379 21,034 0 652,515 Foreign government bonds 336,462 1,465 53,779 0 284,148 U.S. public corporate securities 8,853,155 57,490 828,895 1,333 8,080,417 U.S. private corporate securities 4,223,059 22,143 273,159 2,366 3,969,677 Foreign public corporate securities 1,713,147 4,616 144,369 21 1,573,373 Foreign private corporate securities 4,330,680 52,856 492,024 0 3,891,512 Asset-backed securities(1) 1,612,625 10,641 24,991 0 1,598,275 Commercial mortgage-backed securities 852,719 135 71,582 0 781,272 Residential mortgage-backed securities(2) 412,511 5,520 7,240 7 410,784 Total fixed maturities, available-for-sale $ 23,394,831 $ 162,676 $ 1,977,429 $ 3,727 $ 21,576,351 (1) Includes credit-tranched securities collateralized by loan obligations, auto loans, education loans and credit cards. (2) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. December 31, 2022 Amortized Gross Gross Allowance for Credit Losses Fair (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 354,348 $ 300 $ 72,856 $ 0 $ 281,792 Obligations of U.S. states and their political subdivisions 654,884 4,275 30,959 0 628,200 Foreign government bonds 330,967 1,140 58,640 5 273,462 U.S. public corporate securities 7,414,790 21,299 992,145 0 6,443,944 U.S. private corporate securities 4,140,734 13,071 335,205 1,871 3,816,729 Foreign public corporate securities 1,539,172 2,455 163,384 21 1,378,222 Foreign private corporate securities 4,338,585 19,761 589,153 2,863 3,766,330 Asset-backed securities(1) 1,467,955 6,976 32,577 0 1,442,354 Commercial mortgage-backed securities 727,159 94 69,101 0 658,152 Residential mortgage-backed securities(2) 342,493 3,211 9,479 9 336,216 Total fixed maturities, available-for-sale $ 21,311,087 $ 72,582 $ 2,353,499 $ 4,769 $ 19,025,401 (1) Includes credit-tranched securities collateralized by loan obligations, education loans, auto loans and home equity. (2) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. The following tables set forth the fair value and gross unrealized losses on available-for-sale fixed maturity securities without an allowance for credit losses aggregated by investment category and length of time that individual fixed maturity securities had been in a continuous unrealized loss position, as of the dates indicated: March 31, 2023 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 $ 1,261 $ 47 $ 226,808 $ 60,309 $ 228,069 $ 60,356 Obligations of U.S. states and their political subdivisions 177,246 3,715 131,870 17,319 309,116 21,034 Foreign government bonds 51,873 2,735 204,214 51,044 256,087 53,779 U.S. public corporate securities 2,412,858 79,317 3,476,659 749,576 5,889,517 828,893 U.S. private corporate securities 1,626,805 66,067 1,568,743 207,075 3,195,548 273,142 Foreign public corporate securities 440,424 8,543 786,528 135,797 1,226,952 144,340 Foreign private corporate securities 643,840 31,960 2,170,834 460,064 2,814,674 492,024 Asset-backed securities 292,413 1,821 578,545 23,170 870,958 24,991 Commercial mortgage-backed securities 319,058 20,512 382,225 51,070 701,283 71,582 Residential mortgage-backed securities 138,586 4,327 23,119 2,913 161,705 7,240 Total fixed maturities, available-for-sale $ 6,104,364 $ 219,044 $ 9,549,545 $ 1,758,337 $ 15,653,909 $ 1,977,381 December 31, 2022 Less Than Twelve Months Twelve Months or More Total Fair Value Gross Fair Value Gross Fair Value Gross (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of $ 212,991 $ 46,928 $ 62,630 $ 25,928 $ 275,621 $ 72,856 Obligations of U.S. states and their political subdivisions 307,734 16,851 61,915 14,108 369,649 30,959 Foreign government bonds 139,577 19,435 111,371 39,205 250,948 58,640 U.S. public corporate securities 3,873,275 389,937 1,979,725 602,208 5,853,000 992,145 U.S. private corporate securities 2,506,932 157,853 948,686 177,352 3,455,618 335,205 Foreign public corporate securities 548,083 40,508 596,437 122,856 1,144,520 163,364 Foreign private corporate securities 1,772,413 199,124 1,479,608 390,029 3,252,021 589,153 Asset-backed securities 625,710 15,146 289,581 17,431 915,291 32,577 Commercial mortgage-backed securities 459,186 30,408 176,349 38,693 635,535 69,101 Residential mortgage-backed securities 129,721 9,220 1,294 259 131,015 9,479 Total fixed maturities, available-for-sale $ 10,575,622 $ 925,410 $ 5,707,596 $ 1,428,069 $ 16,283,218 $ 2,353,479 As of March 31, 2023 and December 31, 2022, the gross unrealized losses on fixed maturity available-for-sale securities without an allowance were composed of $1,823.5 million and $2,164.1 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 $153.9 million and $189.4 million, respectively, related to other than high or highest quality securities based on NAIC or equivalent rating. As of March 31, 2023, the $1,758.3 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, 2022, the $1,428.1 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. 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, 2022, the Company concluded that an adjustment to earnings for credit losses related to these fixed maturity securities was not warranted at March 31, 2023. This conclusion was based on a detailed analysis of the underlying credit and cash flows on each security. Gross unrealized losses are primarily attributable to increases in interest rates, general credit spread widening, foreign currency exchange rate movements and the financial condition or near-term prospects of the issuer. As of March 31, 2023, the Company did not intend to sell these securities, and it was not more likely than not that the Company would be required to sell these securities before the anticipated recovery of the remaining amortized cost basis. The following table sets forth the amortized cost and fair value of fixed maturities by contractual maturities, as of the date indicated: March 31, 2023 Amortized Cost Fair Value (in thousands) Fixed maturities, available-for-sale: Due in one year or less $ 870,760 $ 849,831 Due after one year through five years 7,032,893 6,696,100 Due after five years through ten years 5,691,131 5,254,702 Due after ten years 6,922,192 5,985,387 Asset-backed securities 1,612,625 1,598,275 Commercial mortgage-backed securities 852,719 781,272 Residential mortgage-backed securities 412,511 410,784 Total fixed maturities, available-for-sale $ 23,394,831 $ 21,576,351 Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Asset-backed, commercial mortgage-backed and residential mortgage-backed securities are shown separately in the table above, as they do not have a single maturity date. The following table sets forth the sources of fixed maturity proceeds and related investment gains (losses), as well as losses on write-downs and the allowance for credit losses of fixed maturities, for the periods indicated: Three Months Ended March 31, 2023 2022 (in thousands) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 60,373 $ 274,429 Proceeds from maturities/prepayments 295,128 120,361 Gross investment gains from sales and maturities 2,672 (706) Gross investment losses from sales and maturities (11,938) (19,442) Write-downs recognized in earnings(2) 3 3 (Addition to) release of allowance for credit losses 1,042 (16,576) (1) Excludes activity from non-cash related proceeds due to the timing of trade settlements of $54.9 million and $2.3 million for the three months ended March 31, 2023 and 2022, respectively. (2) Amounts represent write-downs of credit adverse securities and securities actively marketed for sale. The following tables set forth the activity in the allowance for credit losses for fixed maturity securities, as of the dates indicated: Three Months Ended March 31, 2023 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 $ 5 $ 4,755 $ 0 $ 0 $ 9 $ 4,769 Additions to allowance for credit losses not previously recorded 0 0 2,923 0 0 0 2,923 Reductions for securities sold during the period 0 (1) (3,733) 0 0 0 (3,734) Additions (reductions) on securities with previous allowance 0 (4) (225) 0 0 (2) (231) Balance, end of period $ 0 $ 0 $ 3,720 $ 0 $ 0 $ 7 $ 3,727 Three Months Ended March 31, 2022 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in thousands) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 11 $ 4,138 $ 0 $ 0 $ 0 $ 4,149 Additions to allowance for credit losses not previously recorded 0 329 9,258 0 0 0 9,587 Reductions for securities sold during the period 0 (3) 0 0 0 0 (3) Additions (reductions) on securities with previous allowance 0 62 6,930 0 0 0 6,992 Balance, end of period $ 0 $ 399 $ 20,326 $ 0 $ 0 $ 0 $ 20,725 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, 2022 for additional information about the Company's methodology for developing our allowance and expected losses. For the three months ended March 31, 2023, the net decrease in the allowance for credit losses on available-for-sale securities was primarily related to restructurings within the capital goods and transportation sectors within private corporate securities, partially offset by adverse projected cash flows in the finance and technology sectors within private corporate securities. For the three months ended March 31, 2022, the net increase in the allowance for credit losses on available-for-sale securities was primarily related to adverse projected cash flows on securities in the utility and communication sectors within private corporate securities. The Company did not have any fixed maturity securities purchased with credit deterioration, as of both March 31, 2023 and December 31, 2022. 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 $96.1 million and $(336.4) million during the three months ended March 31, 2023 and 2022, respectively. Equity Securities The net change in unrealized gains (losses) from equity securities still held at period end, recorded within “Other income (loss)”, was $9.2 million and $(4.1) million during the three months ended March 31, 2023 and 2022, respectively. Commercial Mortgage and Other Loans The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: March 31, 2023 December 31, 2022 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Apartments/Multi-Family $ 1,287,854 25.3 % $ 1,289,026 26.0 % Hospitality 103,717 2.0 104,177 2.1 Industrial 1,890,743 37.1 1,766,247 35.8 Office 588,536 11.6 590,897 11.9 Other 380,518 7.5 380,121 7.7 Retail 369,908 7.3 351,457 7.1 Total commercial mortgage loans 4,621,276 90.8 4,481,925 90.6 Agricultural property loans 471,441 9.2 467,018 9.4 Total commercial mortgage and agricultural property loans 5,092,717 100.0 % 4,948,943 100.0 % Allowance for credit losses (21,410) (20,263) Total net commercial mortgage and agricultural property loans $ 5,071,307 $ 4,928,680 As of March 31, 2023, the commercial mortgage and agricultural property loans were secured by properties geographically dispersed throughout the United States (with the largest concentrations in California (28%), Texas (13%) and New York (5%)) and included loans secured by properties in Europe (10%), Mexico (2%) and Australia (1%). The following table sets forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated: Three Months Ended March 31, 2023 2022 Commercial Mortgage Loans Agricultural Property Loans Total Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Allowance, beginning of period $ 19,665 $ 598 $ 20,263 $ 5,847 $ 104 $ 5,951 Addition to (release of) allowance for expected losses 762 385 1,147 477 18 495 Allowance, end of period $ 20,427 $ 983 $ 21,410 $ 6,324 $ 122 $ 6,446 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, 2022 for additional information about the Company's methodology for developing our allowance and expected losses. For the three months ended March 31, 2023, 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 declining market conditions and portfolio growth. For the three months ended March 31, 2022, the net increase in the allowance for credit losses on commercial mortgage and other loans was primarily related to loan originations. The following tables set forth key credit quality indicators based upon the recorded investment gross of allowance for credit losses, as of the dates indicated: March 31, 2023 Amortized Cost by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Total (in thousands) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 18,330 $ 266,659 $ 251,462 $ 63,455 $ 223,483 $ 1,088,037 $ 0 $ 1,911,426 60%-69.99% 98,256 347,208 719,339 250,659 219,868 352,310 0 1,987,640 70%-79.99% 36,284 168,211 279,817 41,687 68,320 59,663 0 653,982 80% or greater 0 0 0 0 957 67,271 0 68,228 Total $ 152,870 $ 782,078 $ 1,250,618 $ 355,801 $ 512,628 $ 1,567,281 $ 0 $ 4,621,276 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 152,870 $ 749,363 $ 1,250,618 $ 244,850 $ 455,241 $ 1,449,893 $ 0 $ 4,302,835 1.0 - 1.2x 0 32,715 0 83,239 26,336 27,209 0 169,499 Less than 1.0x 0 0 0 27,712 31,051 90,179 0 148,942 Total $ 152,870 $ 782,078 $ 1,250,618 $ 355,801 $ 512,628 $ 1,567,281 $ 0 $ 4,621,276 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 11,430 $ 197,869 $ 132,177 $ 26,379 $ 15,989 $ 26,637 $ 4,750 $ 415,231 60%-69.99% 0 56,210 0 0 0 0 0 56,210 70%-79.99% 0 0 0 0 0 0 0 0 80% or greater 0 0 0 0 0 0 0 0 Total $ 11,430 $ 254,079 $ 132,177 $ 26,379 $ 15,989 $ 26,637 $ 4,750 $ 471,441 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 11,430 $ 252,079 $ 132,177 $ 26,379 $ 15,989 $ 26,637 $ 4,750 $ 469,441 1.0 - 1.2x 0 2,000 0 0 0 0 0 2,000 Less than 1.0x 0 0 0 0 0 0 0 0 Total $ 11,430 $ 254,079 $ 132,177 $ 26,379 $ 15,989 $ 26,637 $ 4,750 $ 471,441 December 31, 2022 Amortized Cost by Origination Year 2022 2021 2020 2019 2018 Prior Total (in thousands) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 266,453 $ 262,095 $ 63,558 $ 222,638 $ 201,087 $ 894,646 $ 1,910,477 60%-69.99% 344,110 681,996 243,800 219,593 61,757 305,175 1,856,431 70%-79.99% 166,629 304,386 47,388 66,148 2,409 53,336 640,296 80% or greater 0 0 0 3,249 0 71,472 74,721 Total $ 777,192 $ 1,248,477 $ 354,746 $ 511,628 $ 265,253 $ 1,324,629 $ 4,481,925 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 744,301 $ 1,248,477 $ 243,325 $ 452,626 $ 258,617 $ 1,203,807 $ 4,151,153 1.0 - 1.2x 32,891 0 83,655 26,558 6,636 45,742 195,482 Less than 1.0x 0 0 27,766 32,444 0 75,080 135,290 Total $ 777,192 $ 1,248,477 $ 354,746 $ 511,628 $ 265,253 $ 1,324,629 $ 4,481,925 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 208,708 $ 133,126 $ 25,894 $ 16,053 $ 6,327 $ 20,700 $ 410,808 60%-69.99% 56,210 0 0 0 0 0 56,210 70%-79.99% 0 0 0 0 0 0 0 80% or greater 0 0 0 0 0 0 0 Total $ 264,918 $ 133,126 $ 25,894 $ 16,053 $ 6,327 $ 20,700 $ 467,018 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 262,918 $ 133,126 $ 25,894 $ 16,053 $ 6,327 $ 20,700 $ 465,018 1.0 - 1.2x 2,000 0 0 0 0 0 2,000 Less than 1.0x 0 0 0 0 0 0 0 Total $ 264,918 $ 133,126 $ 25,894 $ 16,053 $ 6,327 $ 20,700 $ 467,018 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, 2022 for additional information about the Company’s commercial mortgage and other loans credit quality monitoring process. The following tables set forth an aging of past due commercial mortgage and other loans based upon the recorded investment gross of allowance for credit losses, as well as the amount of commercial mortgage and other loans on non-accrual status, as of the dates indicated: March 31, 2023 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 $ 4,621,276 $ 0 $ 0 $ 0 $ 4,621,276 $ 0 Agricultural property loans 470,112 0 0 1,329 471,441 0 Total $ 5,091,388 $ 0 $ 0 $ 1,329 $ 5,092,717 $ 0 (1) As of March 31, 2023, 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, 2022. December 31, 2022 Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due(1) Total Loans Non-Accrual Status(2) (in thousands) Commercial mortgage loans $ 4,481,925 $ 0 $ 0 $ 0 $ 4,481,925 $ 0 Agricultural property loans 465,689 0 1,329 0 467,018 0 Total $ 4,947,614 $ 0 $ 1,329 $ 0 $ 4,948,943 $ 0 (1) As of December 31, 2022, there were no loans in this category accruing interest. (2) For additional information regarding the Company’s policies for accruing interest on loans, see Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. For both the three months ended March 31, 2023 and 2022, there were no commercial mortgage and other loans acquired, other than those through direct origination, and there were no commercial mortgage and other loans sold. The Company did not have any commercial mortgage and other loans purchased with credit deterioration, as of both March 31, 2023 and December 31, 2022. Other Invested Assets The following table sets forth the composition of “Other invested assets,” as of the dates indicated: March 31, 2023 December 31, 2022 (in thousands) Company’s investment in separate accounts $ 455 $ 510 LPs/LLCs: Equity method: Private equity 302,205 287,969 Hedge funds 601,566 576,595 Real estate-related 91,419 107,429 Subtotal equity method 995,190 971,993 Fair value: Private equity 59,006 59,146 Hedge funds 318 396 Real estate-related 9,015 9,457 Subtotal fair value 68,339 68,999 Total LPs/LLCs 1,063,529 1,040,992 Derivative instruments 11,232 47,111 Total other invested assets $ 1,075,216 $ 1,088,613 Accrued Investment Income The following table sets forth the composition of “Accrued investment income,” as of the dates indicated: March 31, 2023 December 31, 2022 (in thousands) Fixed maturities $ 213,062 $ 187,628 Equity securities 381 349 Commercial mortgage and other loans 15,429 13,335 Policy loans 14,771 14,525 Other invested assets 50 48 Short-term investments and cash equivalents 6,080 3,750 Total accrued investment income $ 249,773 $ 219,635 There were no significant write-downs on accrued investment income for both the three months ended March 31, 2023 and 2022. Net Investment Income The following table sets forth “Net investment income” by investment type, for the periods indicated: Three Months Ended March 31, 2023 2022 (in thousands) Fixed maturities, available-for-sale $ 234,810 $ 109,191 Fixed maturities, trading 17,874 15,565 Equity securities 2,777 162 Commercial mortgage and other loans 48,656 22,248 Policy loans 4,996 16,944 Other invested assets 26,099 24,912 Short-term investments and cash equivalents 31,176 648 Gross investment income 366,388 189,670 Less: investment expenses (16,938) (10,370) Net investment income $ 349,450 $ 179,300 Realized Investment Gains (Losses), Net The following table sets forth “Realized investment gains (losses), net” by investment type, for the periods indicated: Three Months Ended March 31, 2023 2022 (in thousands) Fixed maturities(1) $ (8,221) $ (36,721) Commercial mortgage and other loans (1,278) (603) Other invested assets 5,627 1,642 Derivatives (118,270) 389,227 Short-term investments and cash equivalents 1,463 (264) Realized investment gains (losses), net $ (120,679) $ 353,281 (1) Includes fixed maturity securities classified as available-for-sale and excludes fixed maturity securities classified as trading. Net Unrealized Gains (Losses) on Investments within AOCI The following table sets forth net unrealized gains (losses) on investments, as of the dates indicated: March 31, 2023 December 31, 2022 (in thousands) Fixed maturity securities, available-for-sale with an allowance $ 4,164 $ 4,371 Fixed maturity securities, available-for-sale without an allowance (1,818,917) (2,285,288) Derivatives designated as cash flow hedges(1) 118,340 138,627 Affiliated notes (12,139) (13,189) Other investments(2) (1,205) (1,176) Net unrealized gains (losses) on investments $ (1,709,757) $ (2,156,655) (1) For more information on cash flow hedges, see Note 4. (2) Includes net unrealized gains (losses) on certain joint ventures that are strategic in nature and are included in "Other assets". Repurchase Agreements and Securities Lending In the normal course of business, the Company sells securities under agreements to repurchase and enters into securities lending transactions. As of both March 31, 2023 and December 31, 2022, the Company had no repurchase agreements. The following table sets forth the composition of “Cash collateral for loaned securities,” which represents the liability to return cash collateral received for the following types of securities loaned, as of the dates indicated: March 31, 2023 December 31, 2022 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) Foreign government bonds $ 510 $ 0 $ 510 $ 506 $ 0 $ 506 U.S. public corporate securities 8,064 0 8,064 7,903 0 7,903 Foreign public corporate securities 3,053 0 3,053 12,873 0 12,873 Equity securities 147,925 0 147,925 65,468 0 65,468 Total cash collateral for loaned securities(1) $ 159,552 $ 0 $ 159,552 $ 86,750 $ 0 $ 86,750 (1) The Company did not have any agreements with remaining contractual maturities greater than thirty days, as of the dates indicated.

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	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, 2022. 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. March 31, 2023 December 31, 2022 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 $ 3,152 $ 0 $ (238) $ 3,225 $ 0 $ (316) Foreign Currency Swaps 1,893,555 203,648 (15,473) 1,933,343 233,812 (10,462) Total Derivatives Designated as Hedge Accounting Instruments $ 1,896,707 $ 203,648 $ (15,711) $ 1,936,568 $ 233,812 $ (10,778) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 151,409,010 $ 5,561,149 $ (15,876,422) $ 138,419,110 $ 6,757,890 $ (17,092,749) Interest Rate Options 23,498,000 116,050 (610,535) 8,368,000 123,168 (225,125) Interest Rate Futures 933,400 1,074 (7,515) 2,425,500 3,267 (201) Interest Rate Forwards 1,104,000 10,831 (12,861) 1,104,000 11,265 (12,359) Foreign Currency Foreign Currency Forwards 505,096 13,996 (4,554) 364,946 590 (10,423) Credit Credit Default Swaps 89,631 1,257 0 47,450 346 0 Currency/Interest Rate Foreign Currency Swaps 2,252,868 171,226 (8,192) 2,289,170 194,412 (14,624) Equity Total Return Swaps 14,084,407 202,506 (230,015) 15,958,130 120,341 (175,104) Equity Options 30,692,980 379,810 (1,110,690) 25,187,516 239,003 (1,112,196) Equity Futures 1,300,155 4,172 (14,199) 876,790 956 (513) Total Derivatives Not Qualifying as Hedge Accounting Instruments $ 225,869,547 $ 6,462,071 $ (17,874,983) $ 195,040,612 $ 7,451,238 $ (18,643,294) Total Derivatives(1)(2) $ 227,766,254 $ 6,665,719 $ (17,890,694) $ 196,977,180 $ 7,685,050 $ (18,654,072) (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 $4,129 million and $3,502 million as of March 31, 2023 and December 31, 2022, respectively included in "Policyholders' account balances". Other assets included $156 million and $141 million as of March 31, 2023 and December 31, 2022, respectively. Other liabilities included $12 million and $10 million as of March 31, 2023 and December 31, 2022, respectively. (2) Recorded in “Other invested assets” and “Payables to parent and affiliates” on the Unaudited Interim Consolidated Statements of Financial Position. Offsetting Assets and Liabilities The following table presents recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements that are offset in the Unaudited Interim Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Unaudited Interim Consolidated Statements of Financial Position. March 31, 2023 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 6,665,719 $ (6,654,487) $ 11,232 $ 0 $ 11,232 Securities purchased under agreements to resell 325,000 0 325,000 (325,000) 0 Total Assets $ 6,990,719 $ (6,654,487) $ 336,232 $ (325,000) $ 11,232 Offsetting of Financial Liabilities: Derivatives $ 17,890,694 $ (16,132,600) $ 1,758,094 $ (1,758,094) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 17,890,694 $ (16,132,600) $ 1,758,094 $ (1,758,094) $ 0 December 31, 2022 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 7,685,050 $ (7,637,939) $ 47,111 $ 0 $ 47,111 Securities purchased under agreements to resell 290,000 0 290,000 (290,000) 0 Total Assets $ 7,975,050 $ (7,637,939) $ 337,111 $ (290,000) $ 47,111 Offsetting of Financial Liabilities: Derivatives $ 18,654,072 $ (16,568,912) $ 2,085,160 $ (2,085,160) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 18,654,072 $ (16,568,912) $ 2,085,160 $ (2,085,160) $ 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 14. 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, 2022. Cash Flow Hedges The primary derivative instruments used by the Company in its cash flow hedge accounting relationships are currency swaps and interest rate swaps. These instruments are only designated for hedge accounting in instances where the appropriate criteria are met. The Company does not use futures, options, credit, or equity derivatives in any of its cash flow hedge accounting relationships. The following tables provide the financial statement classification and impact of derivatives used in qualifying and non-qualifying hedge relationships, excluding the offset of the hedged item in an effective hedge relationship. Three Months Ended March 31, 2023 Realized Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) Net Other Change in AOCI (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Interest Rate $ 1 $ 0 $ (25) $ 0 $ 41 Currency/Interest Rate 2,515 0 11,705 (10,426) (20,328) Total cash flow hedges 2,516 0 11,680 (10,426) (20,287) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (48,164) 208,061 0 0 0 Currency (6,610) 0 0 0 0 Currency/Interest Rate (12,722) 0 0 (146) 0 Credit 934 0 0 0 0 Equity 196,875 (199,932) 0 0 0 Embedded Derivatives (247,987) 0 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments (117,674) 8,129 0 (146) 0 Total $ (115,158) $ 8,129 $ 11,680 $ (10,572) $ (20,287) Three Months Ended March 31, 2022 (1) Realized Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) Net Other Change in AOCI (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Interest Rate $ 0 $ 0 $ 11 $ 0 $ (157) Currency/Interest Rate (771) 0 7,850 6,700 12,981 Total cash flow hedges (771) 0 7,861 6,700 12,824 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 244,314 (1,870,251) 0 0 0 Currency 4,297 0 0 0 0 Currency/Interest Rate (1,708) 0 0 113 0 Credit (2,723) 0 0 0 0 Equity 173,112 218,148 0 0 0 Embedded Derivatives (27,294) 0 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments 389,998 (1,652,103) 0 113 0 Total $ 389,227 $ (1,652,103) $ 7,861 $ 6,813 $ 12,824 (1) Prior period amounts have been updated to conform to current period presentation Presented below is a rollforward of current period cash flow hedges in AOCI before taxes: (in thousands) Balance, December 31, 2022 $ 138,627 Amount recorded in AOCI Interest Rate 17 Currency/Interest Rate (16,534) Total amount recorded in AOCI (16,517) Amount reclassified from AOCI to income Interest Rate 24 Currency/Interest Rate (3,794) Total amount reclassified from AOCI to income (3,770) Balance, March 31, 2023 $ 118,340 The changes in fair value of cash flow hedges are deferred in AOCI and are included in "Net unrealized investment gains (losses)" in the Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss); these amounts are then reclassified to earnings when the hedged item affects earnings. Using March 31, 2023 values, it is estimated that a pre-tax gain of $19 million is expected to be reclassified from AOCI to earnings during the subsequent twelve months ending March 31, 2024. 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 $90 million and $47 million as of March 31, 2023 and December 31, 2022, respectively. These credit derivatives are reported at fair value as an asset of $1 million and $0 million as of March 31, 2023 and December 31, 2022, respectively. As of March 31, 2023 the notional amount of these credit derivatives had the following NAIC rating: $46 million in NAIC 3 and $44 million in NAIC 6. The Company has no exposure on purchased credit protection as of March 31, 2023 and December 31, 2022. 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	3 Months Ended
	Mar. 31, 2023
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, 2022. As a result of the adoption of ASU 2018-12 in the first quarter of 2023, the Company is required to measure all market risk benefits (e.g., living benefit and death benefit guarantees associated with variable annuities) at fair value. Market risk benefit liabilities (or assets) represent contracts or contract features that provide protection to the contractholder and exposes the Company to other than nominal capital market risk, primarily related to deferred annuities with guaranteed minimum benefits in the annuities products including guaranteed minimum death benefits (“GMDB”), guaranteed minimum income benefits (“GMIB”), guaranteed minimum accumulation benefits (“GMAB”), guaranteed minimum withdrawal benefits (“GMWB”) and guaranteed minimum income and withdrawal benefits (“GMIWB”). The benefits are bundled together and accounted for as single compound market risk benefits using a fair value measurement framework. The fair value of these market risk benefits is calculated as the present value of expected future benefit payments to contract holders less the present value of expected future rider fees attributable to the market risk benefit. The fair value of these benefit features is based on assumptions a market participant would use in valuing market risk benefits. This methodology could result in either a liability or asset balance, given changing capital market conditions and various actuarial assumptions. Since there is no observable active market for the transfer of these obligations, the valuations are calculated using internally-developed models with option pricing techniques. The models are based on a risk neutral valuation framework and incorporate premiums for risks inherent in valuation techniques, inputs, and the general uncertainty around the timing and amount of future cash flows. The determination of these risk premiums requires the use of management’s judgment. The significant inputs to the valuation models for these market risk benefits include capital market assumptions, such as interest rate levels and volatility assumptions, the Company’s market-perceived NPR, as well as actuarially determined assumptions, including contractholder behavior, such as lapse rates, benefit utilization rates, withdrawal rates, and mortality rates. Since many of these assumptions are unobservable and are considered to be significant inputs to the valuations, the assets and liabilities included in market risk benefits have been reflected within Level 3 in the fair value hierarchy. Capital market inputs and actual policyholders’ account values are updated each quarter based on capital market conditions as of the end of the quarter, including interest rates, equity markets and volatility. In the risk neutral valuation, the initial swap curve drives the total return used to grow the policyholders’ account values. The Company’s discount rate assumption is based on the SOFR swap curve adjusted for an additional spread relative to SOFR to reflect the Company’s market-perceived 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 the Company issued 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. Actuarial assumptions, including contractholder behavior and mortality, are reviewed at least annually, and updated based upon company emerging experience and industry studies, future expectations and other data, including any observable market data. These assumptions are generally updated annually unless a material change that the Company feels is indicative of a long-term trend is observed in an interim period. Assets and Liabilities by Hierarchy Level – The tables below present the balances of assets and liabilities reported at fair value on a recurring basis, as of the dates indicated. March 31, 2023 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 $ 334,378 $ 0 $ $ 334,378 Obligations of U.S. states and their political subdivisions 0 652,515 0 652,515 Foreign government bonds 0 283,434 714 284,148 U.S. corporate public securities 0 8,080,417 0 8,080,417 U.S. corporate private securities 0 3,725,930 243,747 3,969,677 Foreign corporate public securities 0 1,566,216 7,157 1,573,373 Foreign corporate private securities 0 3,606,523 284,989 3,891,512 Asset-backed securities(2) 0 1,497,087 101,188 1,598,275 Commercial mortgage-backed securities 0 653,591 127,681 781,272 Residential mortgage-backed securities 0 410,784 0 410,784 Subtotal 0 20,810,875 765,476 21,576,351 Market risk benefit assets 0 0 1,427,488 1,427,488 Fixed maturities, trading 0 2,256,655 6,250 2,262,905 Equity securities 146,680 11,211 43,174 201,065 Short-term investments 0 216,944 14,416 231,360 Cash equivalents 47,900 1,445,998 0 1,493,898 Other invested assets(3) 6,658 6,659,061 0 (6,654,487) 11,232 Other assets 0 0 155,763 155,763 Reinsurance recoverable 0 0 1,357 1,357 Receivables from parent and affiliates 0 148,996 0 148,996 Subtotal excluding separate account assets 201,238 31,549,740 2,413,924 (6,654,487) 27,510,415 Separate account assets(4)(5) 102,362 111,732,834 4,553 111,839,749 Total assets $ 303,600 $ 143,282,574 $ 2,418,477 $ (6,654,487) $ 139,350,164 Market risk benefit liabilities $ 0 $ 0 $ 5,621,681 $ $ 5,621,681 Policyholders' account balances 0 0 4,129,043 4,129,043 Payables to parent and affiliates 0 17,864,285 0 (16,127,517) 1,736,768 Other liabilities 26,409 (11,520) 0 (5,083) 9,806 Total liabilities $ 26,409 $ 17,852,765 $ 9,750,724 $ (16,132,600) $ 11,497,298 December 31, 2022 Level 1 Level 2 Level 3 Netting(1) Total (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 281,792 $ 0 $ $ 281,792 Obligations of U.S. states and their political subdivisions 0 628,200 0 628,200 Foreign government bonds 0 272,738 724 273,462 U.S. corporate public securities 0 6,443,944 0 6,443,944 U.S. corporate private securities 0 3,573,269 243,460 3,816,729 Foreign corporate public securities 0 1,371,354 6,868 1,378,222 Foreign corporate private securities 0 3,509,162 257,168 3,766,330 Asset-backed securities(2) 0 1,421,852 20,502 1,442,354 Commercial mortgage-backed securities 0 573,930 84,222 658,152 Residential mortgage-backed securities 0 336,216 0 336,216 Subtotal 0 18,412,457 612,944 19,025,401 Market risk benefit assets 0 0 1,393,237 1,393,237 Fixed maturities, trading 0 1,936,159 0 1,936,159 Equity securities 108,076 6,403 28,593 143,072 Short-term investments 0 81,215 16,945 98,160 Cash equivalents 0 1,432,182 0 1,432,182 Other invested assets(3) 4,223 7,680,827 0 (7,637,939) 47,111 Other assets 0 0 141,041 141,041 Reinsurance recoverable 0 0 0 0 Receivables from parent and affiliates 0 148,075 0 148,075 Subtotal excluding separate account assets 112,299 29,697,318 2,192,760 (7,637,939) 24,364,438 Separate account assets(4)(5) 102,243 108,682,425 4,645 108,789,313 Total assets $ 214,542 $ 138,379,743 $ 2,197,405 $ (7,637,939) $ 133,153,751 Market risk benefit liabilities $ 0 $ 0 $ 5,521,601 $ $ 5,521,601 Policyholders' account balances 0 0 3,502,096 3,502,096 Payables to parent and affiliates 0 18,653,159 0 (16,568,242) 2,084,917 Other liabilities 899 (9,496) 0 (670) (9,267) Total liabilities $ 899 $ 18,643,663 $ 9,023,697 $ (16,568,912) $ 11,099,347 (1) “Netting” amounts represent cash collateral of $(9,478) million and $(8,931) million as of March 31, 2023 and December 31, 2022, 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 March 31, 2023 and December 31, 2022, the fair values of such investments were $68 million and $69 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 March 31, 2023 and December 31, 2022, the fair value of such investments were $5,454 million and $5,262 million, respectively. Quantitative Information Regarding Internally Priced Level 3 Assets and Liabilities – The tables below present quantitative information regarding significant internally-priced Level 3 assets and liabilities. March 31, 2023 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Average Impact of (in thousands) Assets: Corporate securities(2) $ 429,741 Discounted cash flow Discount rate 5.67 % 20 % 8.01 % Decrease Liquidation Liquidation value 82.86 % 82.86 % 82.86 % Increase Market risk benefit assets(4) $ 1,427,488 Discounted cash flow Lapse rate(5) 1 % 20 % Increase Spread over SOFR(6) 0.52 % 2.20 % Increase Utilization rate(7) 38 % 95 % Decrease Withdrawal rate See table footnote (8) below. Mortality rate(9) 0 % 15 % Increase Equity volatility curve 18 % 25 % Decrease Liabilities: Market risk benefit liabilities(4) $ 5,621,681 Discounted cash flow Lapse rate(5) 1 % 20 % Decrease Spread over SOFR(6) 0.52 % 2.20 % Decrease Utilization rate(7) 38 % 95 % Increase Withdrawal rate See table footnote (8) below. Mortality rate(9) 0 % 15 % Decrease Equity volatility curve 18 % 25 % Increase Policyholders' account balances(10) $ 4,129,043 Discounted cash flow Lapse rate(5) 1 % 80 % Decrease Spread over SOFR(6) 0.27 % 2.34 % Decrease Mortality rate(9) 0 % 23 % Decrease Equity volatility curve 6 % 30 % Increase Option budget(11) (2) % 6 % Increase December 31, 2022 Fair Value Valuation Unobservable Minimum Maximum Weighted Impact of (in thousands) Assets: Corporate securities(2) $ 408,494 Discounted cash flow Discount rate 9.77 % 20 % 16.53 % Decrease Market Comparables EBITDA multiples(3) 2.2 X 23.5 X 8.1 X Increase Market risk benefit assets(4) $ 1,393,237 Discounted cash flow Lapse rate(5) 1 % 20 % Increase Spread over SOFR(6) 0.03 % 1.13 % Increase Utilization rate(7) 39 % 96 % Decrease Withdrawal rate See table footnote (8) below. Mortality rate(9) 0 % 15 % Increase Equity volatility curve 16 % 25 % Decrease Liabilities: Market risk benefit liabilities(4) $ 5,521,601 Discounted cash flow Lapse rate(5) 1 % 20 % Decrease Spread over SOFR(6) 0.50 % 2.20 % Decrease Utilization rate(7) 38 % 95 % Increase Withdrawal rate See table footnote (8) below. Mortality rate(9) 0 % 15 % Decrease Equity volatility curve 18 % 26 % Increase Policyholders' account balances(10) $ 3,502,096 Discounted cash flow Lapse rate(5) 1 % 80 % Decrease Spread over SOFR(6) 0.17 % 1.93 % Decrease Mortality rate(9) 0 % 23 % Decrease Equity volatility curve 6 % 30 % Increase Option budget(11) (2) % 6 % 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. (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) Market risk benefits primarily represent fair value for all living benefit guarantees including accommodation, withdrawal and income benefits. Since the valuation methodology for these assets and 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) 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. (6) 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 March 31, 2023 and December 31, 2022, 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. (7) 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. (8) 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 both March 31, 2023 and December 31, 2022, the minimum withdrawal rate assumption is 77% and 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%. (9) The range reflects the mortality rates for the vast majority of business with living benefits and other contracts, with policyholders ranging from 50 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. (10) 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 weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (11) Option budget estimates the expected long-term cost of options used to hedge exposures associated with equity price and interest rate changes. The level of option budgets determines future costs of the options, which impacts the growth in account value and the valuation of embedded derivatives. 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. Market Risk Benefits – The Company expects efficient benefit utilization and withdrawal rates to generally be correlated with lapse rates. However, behavior is generally 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 more efficient contractholder behavior results in greater in-the-moneyness at the contract level, lapse rates may decline for those contracts. Similarly, to the extent that increases in equity volatility are correlated with overall declines in the capital markets, lapse rates may decline as contracts become more in-the-money. Changes in Level 3 Assets and Liabilities – The following tables describe changes in fair values of Level 3 assets and liabilities as of the dates indicated, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets and liabilities still held at the end of their respective periods. When a determination is made to classify assets and liabilities within Level 3, the determination is based on significance of the unobservable inputs in the overall fair value measurement. All transfers are based on changes in the observability of the valuation inputs, including the availability of pricing service information that the Company can validate. Transfers into Level 3 are generally the result of unobservable inputs utilized within valuation methodologies and the use of indicative broker quotes for assets that were previously valued using observable inputs. Transfers out of Level 3 are generally due to the use of observable inputs in valuation methodologies as well as the availability of pricing service information for certain assets that the Company can validate. Three Months Ended March 31, 2023(6) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in thousands) Fixed maturities, available-for-sale: Foreign government $ 724 $ (10) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 714 $ (12) Corporate securities(3) 507,496 5,323 94,096 (19,598) 0 (51,424) 0 0 0 535,893 4,640 Structured securities(4) 104,724 (3,635) 146,016 (27) 0 (613) 0 2,240 (19,836) 228,869 (3,613) Other assets: Fixed maturities, trading 0 0 6,250 0 0 0 0 0 0 6,250 0 Equity securities 28,593 (830) 0 0 0 0 15,411 0 0 43,174 (830) Short-term investments 16,945 1,856 1,542 0 0 (5,927) 0 0 0 14,416 51 Other assets 141,041 (18,361) 34,620 0 0 (1,537) 0 0 0 155,763 (16,824) Reinsurance recoverable 0 1,357 0 0 0 0 0 0 0 1,357 1,357 Separate account assets 4,645 98 0 (180) 0 (10) 0 0 0 4,553 96 Liabilities: Policyholders' account balances(5) (3,502,096) (229,919) 0 0 (398,623) 0 1,595 0 0 (4,129,043) (417,482) Three Months Ended March 31, 2023(6) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders' account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders' account balances Included in other comprehensive income (loss) (in thousands) Fixed maturities, available-for-sale $ 325 $ 0 $ 0 $ 964 $ 389 $ (901) $ 0 $ 0 $ 1,916 Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 0 0 Equity securities 0 (830) 0 0 0 0 (830) 0 0 Short-term investments 1,434 0 0 51 371 0 0 0 51 Other assets (18,361) 0 0 0 0 (16,824) 0 0 0 Reinsurance recoverable 1,357 0 0 0 0 1,357 0 0 0 Separate account assets 0 0 98 0 0 0 0 96 0 Liabilities: Policyholders' account balances (229,919) 0 0 0 0 (417,482) 0 0 0 Three Months Ended March 31, 2022(6) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in thousands) Fixed maturities, available-for-sale: Foreign government $ 150 $ (10) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 140 $ (10) Corporate securities(3) 385,634 (36,375) 49,410 (1,171) 0 (12,140) 0 0 0 385,358 (36,465) Structured securities(4) 173,944 (11,976) 0 0 0 (502) 0 0 (49,350) 112,116 (11,975) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 0 0 0 0 Equity securities 12,472 (1,009) 0 0 0 0 0 0 0 11,463 (1,009) Short-term investments 0 0 0 0 0 0 0 0 0 0 0 Other assets 72,937 (3,714) 7,816 0 0 (1,838) 0 0 0 75,201 (1,877) Reinsurance recoverable 0 0 0 0 0 0 0 0 0 0 0 Separate account assets 0 0 0 0 0 0 0 0 0 0 0 Liabilities: Policyholders' account balances(5) (3,245,773) (100,653) 0 0 (152,791) 0 239,022 0 0 (3,260,195) (70,214) Three Months Ended March 31, 2022(6) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders' account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders' account balances Included in other comprehensive income (loss) (in thousands) Fixed maturities, available-for-sale $ (14,903) $ 0 $ 0 $ (33,841) $ 383 $ (15,011) $ 0 $ 0 $ (33,439) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 0 0 Equity securities 0 (1,009) 0 0 0 0 (1,009) 0 0 Short-term investments 0 0 0 0 0 0 0 0 0 Other assets (3,714) 0 0 0 0 (1,877) 0 0 0 Reinsurance recoverable 0 0 0 0 0 0 0 0 0 Separate account assets 0 0 0 0 0 0 0 0 0 Liabilities: Policyholders' account balances (100,653) 0 0 0 0 (70,214) 0 0 0 (1) "Other" includes additional activity not allocated to the specific categories within the rollforward of Level 3 Assets and Liabilities. (2) 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. (3) Includes U.S. corporate private, foreign corporate public, foreign corporate private securities and foreign government bonds. (4) Includes asset-backed and commercial mortgage-backed securities. (5) Issuances and settlements for Policyholders' account balances are presented net in the rollforward. (6) Effective January 1, 2021, Future policy benefits previously included in “changes in level 3 assets and liabilities” are reported in Note 10 Market Risk Benefits. 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). For both the three months ended March 31, 2023 and 2022, there were no triggering events. Three Months Ended March 31, 2023 2022 (in thousands) Equity in earnings of operating joint venture, net of taxes Investment in joint venture $ 0 $ 0 March 31, 2023 December 31, 2022 (in thousands) Carrying value after measurement as of period end: Investment in joint venture(1) $ 0 $ 60,456 (1) Reported carrying value includes value as of the measurement period of June 30, 2022 for "Investment in joint venture". Fair Value of Financial Instruments The tables below present the carrying amount and fair value by fair value hierarchy level of certain financial instruments that are not reported at fair value. The financial instruments presented below are reported at carrying value on the Company’s Unaudited Interim Consolidated Statements of Financial Position. In some cases, as described below, the carrying amount equals or approximates fair value. March 31, 2023 Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in thousands) Assets: Commercial mortgage and other loans $ 0 $ 0 $ 4,824,874 $ 4,824,874 $ 5,071,307 Policy loans 0 0 513,466 513,466 513,466 Short-term investments 36,500 0 0 36,500 36,500 Cash and cash equivalents 669,857 325,000 0 994,857 994,857 Accrued investment income 0 249,773 0 249,773 249,773 Reinsurance recoverables 0 0 24,462 24,462 26,196 Receivables from parent and affiliates 0 105,516 0 105,516 105,516 Other assets 0 39,601 964,203 1,003,804 1,003,804 Total assets $ 706,357 $ 719,890 $ 6,327,005 $ 7,753,252 $ 8,001,419 Liabilities: Policyholders’ account balances - investment contracts $ 0 $ 1,128,631 $ 3,622,375 $ 4,751,006 $ 4,767,101 Cash collateral for loaned securities 0 159,552 0 159,552 159,552 Short-term debt to affiliates 0 120,454 0 120,454 125,916 Long-term debt to affiliates 0 174,115 0 174,115 184,280 Payables to parent and affiliates 0 36,539 0 36,539 36,539 Other liabilities 0 1,592,331 33,250 1,625,581 1,625,581 Total liabilities $ 0 $ 3,211,622 $ 3,655,625 $ 6,867,247 $ 6,898,969 December 31, 2022 Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in thousands) Assets: Commercial mortgage and other loans $ 0 $ 0 $ 4,602,177 $ 4,602,177 $ 4,928,680 Policy loans 0 0 505,367 505,367 505,367 Short-term investments 26,331 0 0 26,331 26,331 Cash and cash equivalents 675,445 290,000 0 965,445 965,445 Accrued investment income 0 219,635 0 219,635 219,635 Reinsurance recoverables 0 0 25,127 25,127 27,183 Receivables from parent and affiliates 0 76,846 0 76,846 76,846 Other assets 0 94,200 730,682 824,882 824,882 Total assets $ 701,776 $ 680,681 $ 5,863,353 $ 7,245,810 $ 7,574,369 Liabilities: Policyholders’ account balances - investment contracts $ 0 $ 1,192,271 $ 3,141,000 $ 4,333,271 $ 4,351,945 Cash collateral for loaned securities 0 86,750 0 86,750 86,750 Short-term debt to affiliates 0 120,325 0 120,325 126,250 Long-term debt to affiliates 0 173,905 0 173,905 185,563 Payables to parent and affiliates 0 41,654 0 41,654 41,654 Other liabilities 0 1,269,615 33,250 1,302,865 1,302,866 Total liabilities $ 0 $ 2,884,520 $ 3,174,250 $ 6,058,770 $ 6,095,028 (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.

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs, Deferred Reinsurance Losses, Deferred Reinsurance Gains And Deferred Sales Inducements	3 Months Ended
	Mar. 31, 2023
Deferred Charges, Insurers [Abstract]
Deferred Policy Acquisition Costs, Deferred Reinsurance Losses, Deferred Reinsurance Gains And Deferred Sales Inducements	DEFERRED POLICY ACQUISITION COSTS, DEFERRED REINSURANCE AND DEFERRED SALES INDUCEMENTS Deferred Policy Acquisition Costs The following tables show a rollforward for the lines of business that contain DAC balances, along with a reconciliation to the Company's total DAC balance: March 31, 2023 Fixed Annuities Variable Annuities Term Life Variable / Universal Life Total (in thousands) Balance, beginning of period $ 102,250 $ 3,736,456 $ 648,836 $ 2,442,883 $ 6,930,425 Capitalization 22,902 56,875 33,006 133,955 246,738 Amortization expense (4,474) (87,864) (15,304) (29,904) (137,546) Other 0 0 0 52 52 Balance, end of period $ 120,678 $ 3,705,467 $ 666,538 $ 2,546,986 $ 7,039,669 March 31, 2022 Fixed Annuities Variable Annuities Term Life Variable / Universal Life Total (in thousands) Balance, beginning of period $ 84,479 $ 3,806,733 $ 577,084 $ 2,561,011 $ 7,029,307 Capitalization 746 77,128 33,626 134,889 246,389 Amortization expense (3,191) (84,575) (11,432) (25,877) (125,075) Other(1) 0 0 0 (541,408) (541,408) Balance, end of period $ 82,034 $ 3,799,286 $ 599,278 $ 2,128,615 $ 6,609,213 (1) Other includes the impact of the reinsurance agreement with Lotus Re. Deferred Reinsurance Losses The following tables show a rollforward for the lines of business that contain DRL balances, along with a reconciliation to the Company's total DRL balance: March 31, 2023 Variable Annuities Term Life Total (in thousands) Balance, beginning of period $ 223,515 $ 69,377 $ 292,892 Amortization expense (7,828) (2,162) (9,990) Balance, end of period $ 215,687 $ 67,215 $ 282,902 March 31, 2022 Variable Annuities Term Life Total (in thousands) Balance, beginning of period $ 254,577 $ 78,425 $ 333,002 Amortization expense (7,902) (2,312) (10,214) Balance, end of period $ 246,675 $ 76,113 $ 322,788 Deferred Reinsurance Gains The following tables show a rollforward for the lines of business that contain DRG balances, along with a reconciliation to the Company's total DRG balance: March 31, 2023 Variable / Universal Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 1,434,958 $ 57,898 $ 1,492,856 Amortization (18,096) (1,622) (19,718) Balance, end of period $ 1,416,862 $ 56,276 $ 1,473,138 March 31, 2022 Variable / Universal Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 174,598 $ 78,138 $ 252,736 Amortization (21,627) (15,371) (36,998) Other(1) 1,340,312 0 1,340,312 Balance, end of period $ 1,493,283 $ 62,767 $ 1,556,050 (1) Includes $1,346 million deferred gain related to the reinsurance agreement with Lotus Re, entered into January 1, 2022. Deferred Sales Inducements The following table shows a rollforward of DSI balances for variable annuity products, which is the only line of business that contains a DSI balance, along with a reconciliation to the Company's total DSI balance: March 31, 2023 March 31, 2022 Variable Annuities (in thousands) Balance, beginning of period $ 381,504 $ 414,619 Capitalization 1,540 857 Amortization expense (8,218) (8,658) Balance, end of period $ 374,826 $ 406,818

Separate Accounts

Separate Accounts	3 Months Ended
	Mar. 31, 2023
Insurance [Abstract]
Separate Accounts	SEPARATE ACCOUNTS The Company issues annuity and life insurance variable contracts through its separate accounts for which investment income and investment gains and losses accrue directly to, and investment risk is borne by, the contractholder. Most annuity and life insurance variable contracts are offered with both separate and general account options . The Company also issues variable annuity contracts where the Company contractually guarantees to the contractholder a return of no less than total deposits made to the contract adjusted for any partial withdrawals. In certain of these variable annuity contracts, the Company also contractually guarantees to the contractholder a return of no less than (1) total deposits made to the contract adjusted for any partial withdrawals plus a minimum return, and/or (2) the highest contract value on a specified date adjusted for any withdrawals. These guarantees include benefits that are payable in the event of death, annuitization or at specified dates during the accumulation period and withdrawal and income benefits payable during specified periods. The assets supporting the variable portion of annuity and life insurance variable contracts are carried at fair value and reported as “Separate account assets” with an equivalent amount reported as “Separate account liabilities”. The liabilities related to the net amount at risk are reflected within future policy benefits or market risk benefits. Amounts assessed against the contractholders for mortality, administration, and other services are included within revenue in “Policy charges and fee income” and changes in liabilities for minimum guarantees are generally included in “Policyholders’ benefits” or “Realized investment gains (losses), net”. Separate Account Assets The aggregate fair value of assets, by major investment asset category, supporting separate accounts is as follows: March 31, 2023 December 31, 2022 (in thousands) Asset Type: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 4,217 $ 2,510 U.S. corporate securities 11,148 8,702 Foreign corporate securities 2,233 1,420 Mortgage-backed securities 649 276 Mutual funds: Equity 68,363,666 67,144,660 Fixed Income 39,528,749 38,109,374 Other 3,852,446 3,441,016 Equity securities 61,027 49,260 Other invested assets 5,453,782 5,262,178 Short-term investments 4,861 1,237 Cash and cash equivalents 10,606 30,613 Total $ 117,293,384 $ 114,051,246 For the periods ended March 31, 2023 and December 31, 2022, there were no transfers of assets, other than cash, from the general account to a separate account; therefore, no gains or losses were recorded. Separate Account Liabilities The balances of and changes in separate account liabilities are as follows: March 31, 2023 Variable Annuities Variable Life Total (in thousands) Balance, beginning of period $ 91,785,448 $ 22,265,798 $ 114,051,246 Deposits 92,053 608,355 700,408 Investment performance 4,515,993 1,237,196 5,753,189 Policy charges (589,415) (200,762) (790,177) Surrenders and withdrawals (2,238,332) (80,450) (2,318,782) Benefit payments (18,196) (61,680) (79,876) Net transfers (to) from general account (10,253) (24,911) (35,164) Other 3,405 9,135 12,540 Balance, end of period $ 93,540,703 $ 23,752,681 $ 117,293,384 Cash surrender value(1) $ 91,951,494 $ 21,064,020 $ 113,015,514 (1) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. March 31, 2022 Variable Annuities Variable Life Total (in thousands) Balance, beginning of period $ 123,977,624 $ 25,820,204 $ 149,797,828 Deposits 221,887 546,296 768,183 Investment performance (7,818,980) (1,356,908) (9,175,888) Policy charges (680,325) (188,075) (868,400) Surrenders and withdrawals (2,512,811) (75,648) (2,588,459) Benefit payments (20,412) (75,462) (95,874) Net transfers (to) from general account (97,114) (76,539) (173,653) Other 3,061 14,388 17,449 Balance, end of period $ 113,072,930 $ 24,608,256 $ 137,681,186 Cash surrender value(1) $ 111,046,026 $ 22,053,088 $ 133,099,114 (1) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges.

Liability For Future Policy Ben

Liability For Future Policy Benefits	3 Months Ended
	Mar. 31, 2023
Insurance [Abstract]
Liability For Future Policy Benefits	LIABILITY FOR FUTURE POLICY BENEFITS Liability for Future Policy Benefits primarily consists of the following sub-components, which are discussed in greater detail below. • Benefit Reserves; • Deferred Profit Liability; and • Additional Insurance Reserves Benefit Reserves The balances of and changes in Benefit Reserves as of and for the periods indicated consist of the three tables presented below: Present Value of Expected Net Premiums rollforward, Present Value of Expected Future Policy Benefits rollforward, and Net Liability for Future Policy Benefits. March 31, 2023 Present Value of Expected Net Premiums Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 10,911,794 $ 0 $ 10,911,794 Effect of cumulative changes in discount rate assumptions, beginning of period 554,896 0 554,896 Balance at original discount rate, beginning of period 11,466,690 0 11,466,690 Effect of actual variances from expected experience and other activity (4,111) (599) (4,710) Adjusted balance, beginning of period 11,462,579 (599) 11,461,980 Issuances 132,627 9,560 142,187 Net premiums / considerations collected (338,534) (8,961) (347,495) Interest accrual 131,333 0 131,333 Balance at original discount rate, end of period 11,388,005 0 11,388,005 Effect of cumulative changes in discount rate assumptions, end of period (312,681) 0 (312,681) Balance, end of period $ 11,075,324 $ 0 $ 11,075,324 March 31, 2023 Present Value of Expected Future Policy Benefits Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 17,835,251 $ 204,727 $ 18,039,978 Effect of cumulative changes in discount rate assumptions, beginning of period 962,034 24,876 986,910 Balance at original discount rate, beginning of period 18,797,285 229,603 19,026,888 Effect of actual variances from expected experience (13,802) 1,427 (12,375) Adjusted balance, beginning of period 18,783,483 231,030 19,014,513 Issuances 132,627 9,560 142,187 Interest accrual 223,841 2,137 225,978 Benefit payments (378,918) (7,418) (386,336) Other adjustments 1,278 (41) 1,237 Balance at original discount rate, end of period 18,762,311 235,268 18,997,579 Effect of cumulative changes in discount rate assumptions, end of period (474,265) (19,786) (494,051) Balance, end of period $ 18,288,046 $ 215,482 $ 18,503,528 Other, end of period 2,055 Total balance, end of period $ 18,505,583 March 31, 2023 Net Liability for Future Policy Benefits (Benefit Reserves) Term Life Fixed Annuities Total (in thousands) Balance, end of period, pre-flooring $ 7,212,722 $ 215,482 $ 7,428,204 Flooring impact, end of period 0 0 0 Balance, end of period, post-flooring 7,212,722 215,482 7,428,204 Less: Reinsurance recoverable 6,719,094 17,336 6,736,430 Balance after reinsurance recoverable, end of period, post-flooring $ 493,628 $ 198,146 $ 691,774 March 31, 2022 Present Value of Expected Net Premiums Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 12,485,056 $ 0 $ 12,485,056 Effect of cumulative changes in discount rate assumptions, beginning of period (1,826,120) 0 (1,826,120) Balance at original discount rate, beginning of period 10,658,936 0 10,658,936 Effect of actual variances from expected experience and other activity 61,204 0 61,204 Adjusted balance, beginning of period 10,720,140 0 10,720,140 Issuances 136,282 9,878 146,160 Net premiums / considerations collected (305,425) (9,878) (315,303) Interest accrual 121,816 0 121,816 Balance at original discount rate, end of period 10,672,813 0 10,672,813 Effect of cumulative changes in discount rate assumptions, end of period 851,339 0 851,339 Balance, end of period $ 11,524,152 $ 0 $ 11,524,152 March 31, 2022 Present Value of Expected Future Policy Benefits Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 20,937,097 $ 237,065 $ 21,174,162 Effect of cumulative changes in discount rate assumptions, beginning of period (3,607,275) (16,704) (3,623,979) Balance at original discount rate, beginning of period 17,329,822 220,361 17,550,183 Effect of actual variances from expected experience 74,360 1,276 75,636 Adjusted balance, beginning of period 17,404,182 221,637 17,625,819 Issuances 136,282 9,878 146,160 Interest accrual 207,753 1,878 209,631 Benefit payments (389,597) (6,719) (396,316) Other adjustments 592 (285) 307 Balance at original discount rate, end of period 17,359,212 226,389 17,585,601 Effect of cumulative changes in discount rate assumptions, end of period 1,780,585 (2,220) 1,778,365 Balance, end of period $ 19,139,797 $ 224,169 $ 19,363,966 Other, end of period 2,683 Total balance, end of period $ 19,366,649 March 31, 2022 Net Liability for Future Policy Benefits (Benefit Reserves) Term Life Fixed Annuities Total (in thousands) Balance, end of period, pre-flooring $ 7,615,645 $ 224,169 $ 7,839,814 Flooring impact, end of period 6,056 0 6,056 Balance, end of period, post-flooring 7,621,701 224,169 7,845,870 Less: Reinsurance recoverable 7,101,936 17,807 7,119,743 Balance after reinsurance recoverable, end of period, post-flooring $ 519,765 $ 206,362 $ 726,127 The following tables provide supplemental information related to the balances of and changes in Benefit Reserves included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the periods indicated: March 31, 2023 Term Life Fixed Annuities (in thousands) Undiscounted expected future gross premiums $ 22,077,087 $ 0 Discounted expected future gross premiums (at original discount rate) $ 15,222,212 $ 0 Discounted expected future gross premiums (at current discount rate) $ 14,816,791 $ 0 Undiscounted expected future benefits and expenses $ 29,198,512 $ 316,153 Interest accrual $ 92,508 $ 2,137 Gross premiums $ 449,968 $ 10,891 Weighted-average duration of the liability in years (at original discount rate) 10 7 Weighted-average duration of the liability in years (at current discount rate) 10 6 Weighted-average interest rate (at original discount rate) 5.21 % 3.69 % Weighted-average interest rate (at current discount rate) 5.05 % 5.01 % March 31, 2022 Term Life Fixed Annuities (in thousands) Undiscounted expected future gross premiums $ 23,867,541 $ 0 Discounted expected future gross premiums (at original discount rate) $ 16,203,391 $ 0 Discounted expected future gross premiums (at current discount rate) $ 17,567,255 $ 0 Undiscounted expected future benefits and expenses $ 27,031,304 $ 298,888 Interest accrual $ 85,937 $ 1,878 Gross premiums $ 462,094 $ 11,819 Weighted-average duration of the liability in years (at original discount rate) 10 7 Weighted-average duration of the liability in years (at current discount rate) 10 7 Weighted-average interest rate (at original discount rate) 5.27 % 3.37 % Weighted-average interest rate (at current discount rate) 3.54 % 3.50 % For additional information regarding observable market information and the techniques used to determine the interest rate assumptions seen above, see Note 2. For non-participating traditional and limited-payment products, if a cohort is in a loss position where the liability for future policy benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for the present value of expected future policy benefits and non-level claim settlement expenses, then the liability for future policy benefits is adjusted at that time, and thereafter such that all changes, both favorable and unfavorable, in expected benefits resulting from both actual experience deviations and changes in future assumptions are recognized immediately as a gain or loss. In the first three months of 2023, there was a $24 million gain in net income for nonparticipating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts, mostly offset by a $23 million loss, reflecting the impact of ceded reinsurance on the affected cohorts. The favorable impact in the first three months of 2023 is primarily due to favorable mortality experience related to individual term life products. In the first three months of 2022, there was a $7 million charge to net income for nonparticipating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts, mostly offset by a $7 million gain, reflecting the impact of ceded reinsurance on the affected cohorts. The unfavorable impact in the first three months of 2022 is primarily due to unfavorable mortality experience related to individual term life products. Deferred Profit Liability The balances of and changes in Deferred Profit Liability as of and for the periods indicated are as follows: March 31, 2023 March 31, 2022 Fixed Annuities (in thousands) Balance, beginning of period $ 18,193 $ 15,765 Effect of actual variances from expected experience (951) (1,083) Adjusted balance, beginning of period 17,242 14,682 Profits deferred 1,856 1,889 Interest accrual 182 131 Amortization (541) (466) Other adjustments (8) (25) Balance, end of period 18,731 16,211 Less: Reinsurance recoverable 1,545 1,829 Balance after reinsurance recoverable $ 17,186 $ 14,382 The following table provides supplemental information related to the balances of and changes in Deferred Profit Liability, included in the disaggregated table above, on a gross (direct and assumed) basis, as of and for the period indicated: March 31, 2023 March 31, 2022 Fixed Annuities (in thousands) Revenue(1) $ (539) $ (445) Interest accrual 182 131 (1) Represents the gross premiums collected in changes in deferred profit liability. Additional Insurance Reserves AIR represents the additional liability for annuitization, death, or other insurance benefits, including GMDB and GMIB contract features, that are above and beyond the contractholder's account balance. The following table shows a rollforward of AIR balances for variable and universal life products for the periods indicated: March 31, 2023 March 31, 2022 (in thousands) Balance, including amounts in AOCI, beginning of period, post-flooring $ 12,664,445 $ 11,660,527 Flooring impact and amounts in AOCI 1,269,237 (896,930) Balance, excluding amounts in AOCI, beginning of period, pre-flooring 13,933,682 10,763,597 Effect of actual variances from expected experience and other activity (32,188) (42,272) Adjusted balance, beginning of period 13,901,494 10,721,325 Assessments collected(1) 267,869 233,679 Interest accrual 117,307 91,563 Benefits paid (71,551) (52,630) Balance, excluding amounts in AOCI, end of period, pre-flooring 14,215,119 10,993,937 Flooring impact and amounts in AOCI (962,417) 127,552 Balance, including amounts in AOCI, end of period, post-flooring 13,252,702 11,121,489 Less: Reinsurance recoverable 13,029,847 10,902,945 Balance after reinsurance recoverable, including amounts in AOCI, end of period $ 222,855 $ 218,544 (1) Represents the portion of gross assessments required to fund the future policy benefits. March 31, 2023 March 31, 2022 (in thousands) Interest accrual $ 117,307 $ 91,563 Gross assessments $ 427,489 $ 373,710 Weighted-average duration of the liability in years (at original discount rate) 22 22 Weighted-average interest rate (at original discount rate) 3.38 % 3.36 % Future Policy Benefits Reconciliation The following table presents the reconciliation of the ending balances from the above rollforwards, Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability including other liabilities, gross of related reinsurance recoverables, to the total liability for Future Policy Benefits as reported on the Company's Unaudited Interim Consolidated Statements of Financial Position as of the periods indicated: March 31, 2023 March 31, 2022 (in thousands) Benefit reserves, end of period, post-flooring $ 7,428,204 $ 7,845,870 Additional insurance reserves, including amounts in AOCI, end of period, post-flooring 13,252,702 11,121,489 Deferred profit liability, end of period, post-flooring 18,731 16,211 Subtotal of amounts disclosed above 20,699,637 18,983,570 Other Future policy benefits reserves(1) 1,059,906 1,124,291 Total Future policy benefits $ 21,759,543 $ 20,107,861 (1) Represents balances for which disaggregated rollforward disclosures are not required, including unpaid claims and claims expenses, and incurred but not reported and in course of settlement claim liabilities. Revenue and Interest Expense The following tables present revenue and interest expense related to Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability, as well as related revenue and interest expense not presented in the above supplemental tables, in the Company's Consolidated Statement of Operations for the periods indicated: March 31, 2023 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 449,968 $ 0 $ 10,891 $ 460,859 Additional insurance reserves 0 427,489 0 427,489 Deferred profit liability 0 0 (539) (539) Total $ 449,968 $ 427,489 $ 10,352 $ 887,809 March 31, 2022 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 462,094 $ 0 $ 11,819 $ 473,913 Additional insurance reserves 0 373,710 0 373,710 Deferred profit liability 0 0 (445) (445) Total $ 462,094 $ 373,710 $ 11,374 $ 847,178 (1) Represents "Gross premiums" for benefit reserves; "Gross assessments" for additional insurance reserves; and "Revenue" for deferred profit liability. March 31, 2023 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 92,508 $ 0 $ 2,137 $ 94,645 Additional insurance reserves 0 117,307 0 117,307 Deferred profit liability 0 0 182 182 Total $ 92,508 $ 117,307 $ 2,319 $ 212,134 March 31, 2022 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 85,937 $ 0 $ 1,878 $ 87,815 Additional insurance reserves 0 91,563 0 91,563 Deferred profit liability 0 0 131 131 Total $ 85,937 $ 91,563 $ 2,009 $ 179,509 Policyholders' Account Balances The Company issues variable life and variable universal life insurance contracts where the Company contractually guarantees to the contractholder a death benefit even when there is insufficient value to cover monthly mortality and expense charges, whereas otherwise the contract would typically lapse (“no-lapse guarantee”). For those guarantees of benefits that are payable in the event of death, the net amount at risk is generally defined as the current guaranteed minimum death benefit in excess of the current account balance at the balance sheet date. The Company’s primary risk exposures for these contracts relates to actual deviations from, or changes to, the assumptions used in the original pricing of these products, including fixed income and equity market returns, contract lapses and contractholder mortality. For guarantees of benefits that are payable at annuitization, the net amount at risk is generally defined as the present value of the minimum guaranteed annuity payments available to the contractholder determined in accordance with the terms of the contract in excess of the current account balance. The Company’s primary risk exposures for these contracts relates to actual deviations from, or changes to, the assumptions used in the original pricing of these products, including fixed income and equity market returns, timing of annuitization, contract lapses and contractholder mortality. For guarantees of benefits that are payable at withdrawal, the net amount at risk is generally defined as the present value of the minimum guaranteed withdrawal payments available to the contractholder determined in accordance with the terms of the contract in excess of the current account balance. For guarantees of accumulation balances, the net amount at risk is generally defined as the guaranteed minimum accumulation balance minus the current account balance. The Company’s primary risk exposures for these contracts relates to actual deviations from, or changes to, the assumptions used in the original pricing of these products, including equity market returns, interest rates, market volatility and contractholder behavior. The balance of and changes in policyholders' account balances as of and for the periods ended are as follows: March 31, 2023 Variable Annuities Variable Life / Universal Life Total (in thousands) Balance, beginning of period $ 16,432,032 $ 18,736,365 $ 35,168,397 Deposits 948,987 530,381 1,479,368 Interest credited 78,629 141,753 220,382 Policy charges (5,729) (451,990) (457,719) Surrenders and withdrawals (113,424) (216,334) (329,758) Benefit payments (10,624) (24,771) (35,395) Net transfers (to) from separate account 10,253 24,911 35,164 Change in market value and other adjustments 191,448 84,425 275,873 Balance, end of period 17,531,572 18,824,740 36,356,312 Reinsurance and other recoverables(1) 319,707 12,834,671 13,154,378 Policyholders' account balance net of reinsurance and other recoverables $ 17,211,865 $ 5,990,069 $ 23,201,934 Unearned revenue reserve 3,234,755 Other 4,208,054 Total Policyholders' account balances $ 43,799,121 Weighted-average crediting rate 1.85 % 3.02 % 2.46 % Net amount at risk(2) $ 0 $ 308,975,503 $ 308,975,503 Cash surrender value(3) $ 15,338,366 $ 17,242,003 $ 32,580,369 (1) The amount of recoverables related to reinsurance agreements that reduce the risk of the policyholders’ account balances gross liability. (2) The net amount at risk calculation includes both general and separate account balances. (3) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. March 31, 2022 Variable Annuities Variable Life / Universal Life Total (in thousands) Balance, beginning of period $ 11,465,411 $ 18,762,548 $ 30,227,959 Deposits 1,288,963 558,688 1,847,651 Interest credited 33,157 139,524 172,681 Policy charges (477) (445,483) (445,960) Surrenders and withdrawals (55,826) (198,073) (253,899) Benefit payments (9,694) (26,561) (36,255) Net transfers (to) from separate account 134,051 76,186 210,237 Change in market value and other adjustments 18,261 (154,054) (135,793) Balance, end of period 12,873,846 18,712,775 31,586,621 Reinsurance and other recoverables(1) 336,619 12,982,489 13,319,108 Policyholders' account balance net of reinsurance and other recoverables $ 12,537,227 $ 5,730,286 $ 18,267,513 Unearned revenue reserve 2,562,252 Other 3,085,191 Total Policyholders' account balances $ 37,234,064 Weighted-average crediting rate 1.09 % 2.98 % 2.23 % Net amount at risk(2) $ 0 $ 314,855,314 $ 314,855,314 Cash surrender value(3) $ 12,035,925 $ 17,060,852 $ 29,096,777 (1) The amount of recoverables related to reinsurance agreements that reduce the risk of the policyholders’ account balances gross liability. (2) The net amount at risk calculation includes both general and separate account balances. (3) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. The balance of account values by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between rates being credited to policyholders and the respective guaranteed minimums are as follows: March 31, 2023 Range of Guaranteed Minimum Crediting Rate At guaranteed minimum 1 -50 bps above guaranteed minimum 51 -150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total (in thousands) Variable Annuities Less than 1.00% $ 1,004,577 $ 848,029 $ 18,595 $ 2 $ 1,871,203 1.00% - 1.99% 236,212 2,204 1,287 0 239,703 2.00% - 2.99% 25,642 1,916 0 0 27,558 3.00% - 4.00% 1,030,028 2,225 0 0 1,032,253 Greater than 4.00% 2,160 0 0 0 2,160 Total $ 2,298,619 $ 854,374 $ 19,882 $ 2 $ 3,172,877 Variable and Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 10,513 $ 10,513 1.00% - 1.99% 149,551 0 1,071,226 1,948,636 3,169,413 2.00% - 2.99% 32,394 122,790 4,003,885 260,445 4,419,514 3.00% - 4.00% 4,643,346 1,840,308 358,423 0 6,842,077 Greater than 4.00% 2,134,411 0 0 0 2,134,411 Total $ 6,959,702 $ 1,963,098 $ 5,433,534 $ 2,219,594 $ 16,575,928 March 31, 2022 Range of Guaranteed Minimum Crediting Rate At guaranteed minimum 1 - 50 bps above guaranteed minimum 51 -150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total (in thousands) Variable Annuities Less than 1.00% $ 1,078,751 $ 885,373 $ 18,973 $ 2 $ 1,983,099 1.00% - 1.99% 257,667 1,610 0 0 259,277 2.00% - 2.99% 29,943 62 0 0 30,005 3.00% - 4.00% 1,133,842 0 0 0 1,133,842 Greater than 4.00% 2,412 0 0 0 2,412 Total $ 2,502,615 $ 887,045 $ 18,973 $ 2 $ 3,408,635 Variable and Universal Life Less than 1.00% $ 16,915 $ 0 $ 0 $ 0 $ 16,915 1.00% - 1.99% 359,005 0 649,596 1,981,146 2,989,747 2.00% - 2.99% 8,608 0 2,222,796 2,108,919 4,340,323 3.00%- 4.00% 4,718,016 11,418 2,298,924 138,202 7,166,560 Greater than 4.00% 2,101,597 0 0 0 2,101,597 Total $ 7,204,141 $ 11,418 $ 5,171,316 $ 4,228,267 $ 16,615,142 Unearned Revenue Reserve The balance of the changes in URR are as follows: March 31, 2023 Variable Life / Universal Life (in thousands) Balance, beginning of period $ 3,067,335 Unearned revenue 200,262 Amortization expense (32,752) Other adjustments (90) Balance, end of period $ 3,234,755 Reinsurance recoverables 1,583,054 Unearned revenue reserve net of reinsurance recoverables $ 1,651,701 March 31, 2022 Variable Life / Universal Life (in thousands) Balance, beginning of period $ 2,398,788 Unearned revenue 195,794 Amortization expense (32,330) Balance, end of period $ 2,562,252 Reinsurance recoverables 1,401,741 Unearned revenue reserve net of reinsurance recoverables $ 1,160,511 The following tables show a rollforward of MRB balances for variable annuity products, along with a reconciliation to the Company’s total net MRB positions as of the following dates: March 31, 2023 Variable Annuities Less: Reinsured Market Risk Benefits Total, Net of Reinsurance (in thousands) Balance, beginning of period $ 4,550,625 $ (422,261) $ 4,128,364 Effect of cumulative changes in non-performance risk 1,727,910 0 1,727,910 Balance, beginning of period, before effect of changes in non-performance risk 6,278,535 (422,261) 5,856,274 Attributed fees collected 293,206 (34,490) 258,716 Claims paid (23,881) 1,653 (22,228) Interest accrual 78,947 (2,290) 76,657 Actual in force different from expected 19,425 (2,389) 17,036 Effect of changes in interest rates 438,057 (49,031) 389,026 Effect of changes in equity markets (635,535) 66,494 (569,041) Effect of changes in current period counterparty non-performance risk 0 18,297 18,297 Other adjustments 77,790 0 77,790 Balance, end of period, before effect of changes in non-performance risk 6,526,544 (424,017) 6,102,527 Effect of cumulative changes in non-performance risk (1,908,334) 0 (1,908,334) Balance, end of period $ 4,618,210 $ (424,017) $ 4,194,193 March 31, 2022 Variable Annuities Less: Reinsured Market Risk Benefits Total, Net of Reinsurance (in thousands) Balance, beginning of period $ 8,884,362 $ (906,484) $ 7,977,878 Effect of cumulative changes in non-performance risk 287,605 0 287,605 Balance, beginning of period, before effect of changes in non-performance risk 9,171,967 (906,484) 8,265,483 Attributed fees collected 336,535 (39,403) 297,132 Claims paid (6,504) 38 (6,466) Interest accrual 6,079 (607) 5,472 Actual in force different from expected 12,607 (2,225) 10,382 Effect of changes in interest rates (2,352,119) 244,066 (2,108,053) Effect of changes in equity markets 841,445 (86,467) 754,978 Effect of changes in current period counterparty non-performance risk 0 112,030 112,030 Balance, end of period, before effect of changes in non-performance risk 8,010,010 (679,052) 7,330,958 Effect of cumulative changes in non-performance risk (1,189,657) 0 (1,189,657) Balance, end of period $ 6,820,353 $ (679,052) $ 6,141,301 The following table presents accompanying information to the rollforward table above. See Note 9 for information on "Net amount at risk". March 31, 2023 March 31, 2022 Variable Annuities ($ in thousands) Net amount at risk $ 10,414,217 $ 4,557,413 Weighted-average attained age of contractholders 69 67 The table below reconciles MRB asset and liability positions as of the following dates: March 31, 2023 March 31, 2022 Variable Annuities (in thousands) Market risk benefit assets $ 1,427,488 $ 1,579,370 Market risk benefit liabilities 5,621,681 7,720,671 Net liability $ 4,194,193 $ 6,141,301

Policyholders' Liabilities

Policyholders' Liabilities	3 Months Ended
	Mar. 31, 2023
Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities [Abstract]
Policyholders' Liabilities	LIABILITY FOR FUTURE POLICY BENEFITS Liability for Future Policy Benefits primarily consists of the following sub-components, which are discussed in greater detail below. • Benefit Reserves; • Deferred Profit Liability; and • Additional Insurance Reserves Benefit Reserves The balances of and changes in Benefit Reserves as of and for the periods indicated consist of the three tables presented below: Present Value of Expected Net Premiums rollforward, Present Value of Expected Future Policy Benefits rollforward, and Net Liability for Future Policy Benefits. March 31, 2023 Present Value of Expected Net Premiums Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 10,911,794 $ 0 $ 10,911,794 Effect of cumulative changes in discount rate assumptions, beginning of period 554,896 0 554,896 Balance at original discount rate, beginning of period 11,466,690 0 11,466,690 Effect of actual variances from expected experience and other activity (4,111) (599) (4,710) Adjusted balance, beginning of period 11,462,579 (599) 11,461,980 Issuances 132,627 9,560 142,187 Net premiums / considerations collected (338,534) (8,961) (347,495) Interest accrual 131,333 0 131,333 Balance at original discount rate, end of period 11,388,005 0 11,388,005 Effect of cumulative changes in discount rate assumptions, end of period (312,681) 0 (312,681) Balance, end of period $ 11,075,324 $ 0 $ 11,075,324 March 31, 2023 Present Value of Expected Future Policy Benefits Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 17,835,251 $ 204,727 $ 18,039,978 Effect of cumulative changes in discount rate assumptions, beginning of period 962,034 24,876 986,910 Balance at original discount rate, beginning of period 18,797,285 229,603 19,026,888 Effect of actual variances from expected experience (13,802) 1,427 (12,375) Adjusted balance, beginning of period 18,783,483 231,030 19,014,513 Issuances 132,627 9,560 142,187 Interest accrual 223,841 2,137 225,978 Benefit payments (378,918) (7,418) (386,336) Other adjustments 1,278 (41) 1,237 Balance at original discount rate, end of period 18,762,311 235,268 18,997,579 Effect of cumulative changes in discount rate assumptions, end of period (474,265) (19,786) (494,051) Balance, end of period $ 18,288,046 $ 215,482 $ 18,503,528 Other, end of period 2,055 Total balance, end of period $ 18,505,583 March 31, 2023 Net Liability for Future Policy Benefits (Benefit Reserves) Term Life Fixed Annuities Total (in thousands) Balance, end of period, pre-flooring $ 7,212,722 $ 215,482 $ 7,428,204 Flooring impact, end of period 0 0 0 Balance, end of period, post-flooring 7,212,722 215,482 7,428,204 Less: Reinsurance recoverable 6,719,094 17,336 6,736,430 Balance after reinsurance recoverable, end of period, post-flooring $ 493,628 $ 198,146 $ 691,774 March 31, 2022 Present Value of Expected Net Premiums Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 12,485,056 $ 0 $ 12,485,056 Effect of cumulative changes in discount rate assumptions, beginning of period (1,826,120) 0 (1,826,120) Balance at original discount rate, beginning of period 10,658,936 0 10,658,936 Effect of actual variances from expected experience and other activity 61,204 0 61,204 Adjusted balance, beginning of period 10,720,140 0 10,720,140 Issuances 136,282 9,878 146,160 Net premiums / considerations collected (305,425) (9,878) (315,303) Interest accrual 121,816 0 121,816 Balance at original discount rate, end of period 10,672,813 0 10,672,813 Effect of cumulative changes in discount rate assumptions, end of period 851,339 0 851,339 Balance, end of period $ 11,524,152 $ 0 $ 11,524,152 March 31, 2022 Present Value of Expected Future Policy Benefits Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 20,937,097 $ 237,065 $ 21,174,162 Effect of cumulative changes in discount rate assumptions, beginning of period (3,607,275) (16,704) (3,623,979) Balance at original discount rate, beginning of period 17,329,822 220,361 17,550,183 Effect of actual variances from expected experience 74,360 1,276 75,636 Adjusted balance, beginning of period 17,404,182 221,637 17,625,819 Issuances 136,282 9,878 146,160 Interest accrual 207,753 1,878 209,631 Benefit payments (389,597) (6,719) (396,316) Other adjustments 592 (285) 307 Balance at original discount rate, end of period 17,359,212 226,389 17,585,601 Effect of cumulative changes in discount rate assumptions, end of period 1,780,585 (2,220) 1,778,365 Balance, end of period $ 19,139,797 $ 224,169 $ 19,363,966 Other, end of period 2,683 Total balance, end of period $ 19,366,649 March 31, 2022 Net Liability for Future Policy Benefits (Benefit Reserves) Term Life Fixed Annuities Total (in thousands) Balance, end of period, pre-flooring $ 7,615,645 $ 224,169 $ 7,839,814 Flooring impact, end of period 6,056 0 6,056 Balance, end of period, post-flooring 7,621,701 224,169 7,845,870 Less: Reinsurance recoverable 7,101,936 17,807 7,119,743 Balance after reinsurance recoverable, end of period, post-flooring $ 519,765 $ 206,362 $ 726,127 The following tables provide supplemental information related to the balances of and changes in Benefit Reserves included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the periods indicated: March 31, 2023 Term Life Fixed Annuities (in thousands) Undiscounted expected future gross premiums $ 22,077,087 $ 0 Discounted expected future gross premiums (at original discount rate) $ 15,222,212 $ 0 Discounted expected future gross premiums (at current discount rate) $ 14,816,791 $ 0 Undiscounted expected future benefits and expenses $ 29,198,512 $ 316,153 Interest accrual $ 92,508 $ 2,137 Gross premiums $ 449,968 $ 10,891 Weighted-average duration of the liability in years (at original discount rate) 10 7 Weighted-average duration of the liability in years (at current discount rate) 10 6 Weighted-average interest rate (at original discount rate) 5.21 % 3.69 % Weighted-average interest rate (at current discount rate) 5.05 % 5.01 % March 31, 2022 Term Life Fixed Annuities (in thousands) Undiscounted expected future gross premiums $ 23,867,541 $ 0 Discounted expected future gross premiums (at original discount rate) $ 16,203,391 $ 0 Discounted expected future gross premiums (at current discount rate) $ 17,567,255 $ 0 Undiscounted expected future benefits and expenses $ 27,031,304 $ 298,888 Interest accrual $ 85,937 $ 1,878 Gross premiums $ 462,094 $ 11,819 Weighted-average duration of the liability in years (at original discount rate) 10 7 Weighted-average duration of the liability in years (at current discount rate) 10 7 Weighted-average interest rate (at original discount rate) 5.27 % 3.37 % Weighted-average interest rate (at current discount rate) 3.54 % 3.50 % For additional information regarding observable market information and the techniques used to determine the interest rate assumptions seen above, see Note 2. For non-participating traditional and limited-payment products, if a cohort is in a loss position where the liability for future policy benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for the present value of expected future policy benefits and non-level claim settlement expenses, then the liability for future policy benefits is adjusted at that time, and thereafter such that all changes, both favorable and unfavorable, in expected benefits resulting from both actual experience deviations and changes in future assumptions are recognized immediately as a gain or loss. In the first three months of 2023, there was a $24 million gain in net income for nonparticipating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts, mostly offset by a $23 million loss, reflecting the impact of ceded reinsurance on the affected cohorts. The favorable impact in the first three months of 2023 is primarily due to favorable mortality experience related to individual term life products. In the first three months of 2022, there was a $7 million charge to net income for nonparticipating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts, mostly offset by a $7 million gain, reflecting the impact of ceded reinsurance on the affected cohorts. The unfavorable impact in the first three months of 2022 is primarily due to unfavorable mortality experience related to individual term life products. Deferred Profit Liability The balances of and changes in Deferred Profit Liability as of and for the periods indicated are as follows: March 31, 2023 March 31, 2022 Fixed Annuities (in thousands) Balance, beginning of period $ 18,193 $ 15,765 Effect of actual variances from expected experience (951) (1,083) Adjusted balance, beginning of period 17,242 14,682 Profits deferred 1,856 1,889 Interest accrual 182 131 Amortization (541) (466) Other adjustments (8) (25) Balance, end of period 18,731 16,211 Less: Reinsurance recoverable 1,545 1,829 Balance after reinsurance recoverable $ 17,186 $ 14,382 The following table provides supplemental information related to the balances of and changes in Deferred Profit Liability, included in the disaggregated table above, on a gross (direct and assumed) basis, as of and for the period indicated: March 31, 2023 March 31, 2022 Fixed Annuities (in thousands) Revenue(1) $ (539) $ (445) Interest accrual 182 131 (1) Represents the gross premiums collected in changes in deferred profit liability. Additional Insurance Reserves AIR represents the additional liability for annuitization, death, or other insurance benefits, including GMDB and GMIB contract features, that are above and beyond the contractholder's account balance. The following table shows a rollforward of AIR balances for variable and universal life products for the periods indicated: March 31, 2023 March 31, 2022 (in thousands) Balance, including amounts in AOCI, beginning of period, post-flooring $ 12,664,445 $ 11,660,527 Flooring impact and amounts in AOCI 1,269,237 (896,930) Balance, excluding amounts in AOCI, beginning of period, pre-flooring 13,933,682 10,763,597 Effect of actual variances from expected experience and other activity (32,188) (42,272) Adjusted balance, beginning of period 13,901,494 10,721,325 Assessments collected(1) 267,869 233,679 Interest accrual 117,307 91,563 Benefits paid (71,551) (52,630) Balance, excluding amounts in AOCI, end of period, pre-flooring 14,215,119 10,993,937 Flooring impact and amounts in AOCI (962,417) 127,552 Balance, including amounts in AOCI, end of period, post-flooring 13,252,702 11,121,489 Less: Reinsurance recoverable 13,029,847 10,902,945 Balance after reinsurance recoverable, including amounts in AOCI, end of period $ 222,855 $ 218,544 (1) Represents the portion of gross assessments required to fund the future policy benefits. March 31, 2023 March 31, 2022 (in thousands) Interest accrual $ 117,307 $ 91,563 Gross assessments $ 427,489 $ 373,710 Weighted-average duration of the liability in years (at original discount rate) 22 22 Weighted-average interest rate (at original discount rate) 3.38 % 3.36 % Future Policy Benefits Reconciliation The following table presents the reconciliation of the ending balances from the above rollforwards, Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability including other liabilities, gross of related reinsurance recoverables, to the total liability for Future Policy Benefits as reported on the Company's Unaudited Interim Consolidated Statements of Financial Position as of the periods indicated: March 31, 2023 March 31, 2022 (in thousands) Benefit reserves, end of period, post-flooring $ 7,428,204 $ 7,845,870 Additional insurance reserves, including amounts in AOCI, end of period, post-flooring 13,252,702 11,121,489 Deferred profit liability, end of period, post-flooring 18,731 16,211 Subtotal of amounts disclosed above 20,699,637 18,983,570 Other Future policy benefits reserves(1) 1,059,906 1,124,291 Total Future policy benefits $ 21,759,543 $ 20,107,861 (1) Represents balances for which disaggregated rollforward disclosures are not required, including unpaid claims and claims expenses, and incurred but not reported and in course of settlement claim liabilities. Revenue and Interest Expense The following tables present revenue and interest expense related to Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability, as well as related revenue and interest expense not presented in the above supplemental tables, in the Company's Consolidated Statement of Operations for the periods indicated: March 31, 2023 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 449,968 $ 0 $ 10,891 $ 460,859 Additional insurance reserves 0 427,489 0 427,489 Deferred profit liability 0 0 (539) (539) Total $ 449,968 $ 427,489 $ 10,352 $ 887,809 March 31, 2022 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 462,094 $ 0 $ 11,819 $ 473,913 Additional insurance reserves 0 373,710 0 373,710 Deferred profit liability 0 0 (445) (445) Total $ 462,094 $ 373,710 $ 11,374 $ 847,178 (1) Represents "Gross premiums" for benefit reserves; "Gross assessments" for additional insurance reserves; and "Revenue" for deferred profit liability. March 31, 2023 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 92,508 $ 0 $ 2,137 $ 94,645 Additional insurance reserves 0 117,307 0 117,307 Deferred profit liability 0 0 182 182 Total $ 92,508 $ 117,307 $ 2,319 $ 212,134 March 31, 2022 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 85,937 $ 0 $ 1,878 $ 87,815 Additional insurance reserves 0 91,563 0 91,563 Deferred profit liability 0 0 131 131 Total $ 85,937 $ 91,563 $ 2,009 $ 179,509 Policyholders' Account Balances The Company issues variable life and variable universal life insurance contracts where the Company contractually guarantees to the contractholder a death benefit even when there is insufficient value to cover monthly mortality and expense charges, whereas otherwise the contract would typically lapse (“no-lapse guarantee”). For those guarantees of benefits that are payable in the event of death, the net amount at risk is generally defined as the current guaranteed minimum death benefit in excess of the current account balance at the balance sheet date. The Company’s primary risk exposures for these contracts relates to actual deviations from, or changes to, the assumptions used in the original pricing of these products, including fixed income and equity market returns, contract lapses and contractholder mortality. For guarantees of benefits that are payable at annuitization, the net amount at risk is generally defined as the present value of the minimum guaranteed annuity payments available to the contractholder determined in accordance with the terms of the contract in excess of the current account balance. The Company’s primary risk exposures for these contracts relates to actual deviations from, or changes to, the assumptions used in the original pricing of these products, including fixed income and equity market returns, timing of annuitization, contract lapses and contractholder mortality. For guarantees of benefits that are payable at withdrawal, the net amount at risk is generally defined as the present value of the minimum guaranteed withdrawal payments available to the contractholder determined in accordance with the terms of the contract in excess of the current account balance. For guarantees of accumulation balances, the net amount at risk is generally defined as the guaranteed minimum accumulation balance minus the current account balance. The Company’s primary risk exposures for these contracts relates to actual deviations from, or changes to, the assumptions used in the original pricing of these products, including equity market returns, interest rates, market volatility and contractholder behavior. The balance of and changes in policyholders' account balances as of and for the periods ended are as follows: March 31, 2023 Variable Annuities Variable Life / Universal Life Total (in thousands) Balance, beginning of period $ 16,432,032 $ 18,736,365 $ 35,168,397 Deposits 948,987 530,381 1,479,368 Interest credited 78,629 141,753 220,382 Policy charges (5,729) (451,990) (457,719) Surrenders and withdrawals (113,424) (216,334) (329,758) Benefit payments (10,624) (24,771) (35,395) Net transfers (to) from separate account 10,253 24,911 35,164 Change in market value and other adjustments 191,448 84,425 275,873 Balance, end of period 17,531,572 18,824,740 36,356,312 Reinsurance and other recoverables(1) 319,707 12,834,671 13,154,378 Policyholders' account balance net of reinsurance and other recoverables $ 17,211,865 $ 5,990,069 $ 23,201,934 Unearned revenue reserve 3,234,755 Other 4,208,054 Total Policyholders' account balances $ 43,799,121 Weighted-average crediting rate 1.85 % 3.02 % 2.46 % Net amount at risk(2) $ 0 $ 308,975,503 $ 308,975,503 Cash surrender value(3) $ 15,338,366 $ 17,242,003 $ 32,580,369 (1) The amount of recoverables related to reinsurance agreements that reduce the risk of the policyholders’ account balances gross liability. (2) The net amount at risk calculation includes both general and separate account balances. (3) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. March 31, 2022 Variable Annuities Variable Life / Universal Life Total (in thousands) Balance, beginning of period $ 11,465,411 $ 18,762,548 $ 30,227,959 Deposits 1,288,963 558,688 1,847,651 Interest credited 33,157 139,524 172,681 Policy charges (477) (445,483) (445,960) Surrenders and withdrawals (55,826) (198,073) (253,899) Benefit payments (9,694) (26,561) (36,255) Net transfers (to) from separate account 134,051 76,186 210,237 Change in market value and other adjustments 18,261 (154,054) (135,793) Balance, end of period 12,873,846 18,712,775 31,586,621 Reinsurance and other recoverables(1) 336,619 12,982,489 13,319,108 Policyholders' account balance net of reinsurance and other recoverables $ 12,537,227 $ 5,730,286 $ 18,267,513 Unearned revenue reserve 2,562,252 Other 3,085,191 Total Policyholders' account balances $ 37,234,064 Weighted-average crediting rate 1.09 % 2.98 % 2.23 % Net amount at risk(2) $ 0 $ 314,855,314 $ 314,855,314 Cash surrender value(3) $ 12,035,925 $ 17,060,852 $ 29,096,777 (1) The amount of recoverables related to reinsurance agreements that reduce the risk of the policyholders’ account balances gross liability. (2) The net amount at risk calculation includes both general and separate account balances. (3) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. The balance of account values by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between rates being credited to policyholders and the respective guaranteed minimums are as follows: March 31, 2023 Range of Guaranteed Minimum Crediting Rate At guaranteed minimum 1 -50 bps above guaranteed minimum 51 -150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total (in thousands) Variable Annuities Less than 1.00% $ 1,004,577 $ 848,029 $ 18,595 $ 2 $ 1,871,203 1.00% - 1.99% 236,212 2,204 1,287 0 239,703 2.00% - 2.99% 25,642 1,916 0 0 27,558 3.00% - 4.00% 1,030,028 2,225 0 0 1,032,253 Greater than 4.00% 2,160 0 0 0 2,160 Total $ 2,298,619 $ 854,374 $ 19,882 $ 2 $ 3,172,877 Variable and Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 10,513 $ 10,513 1.00% - 1.99% 149,551 0 1,071,226 1,948,636 3,169,413 2.00% - 2.99% 32,394 122,790 4,003,885 260,445 4,419,514 3.00% - 4.00% 4,643,346 1,840,308 358,423 0 6,842,077 Greater than 4.00% 2,134,411 0 0 0 2,134,411 Total $ 6,959,702 $ 1,963,098 $ 5,433,534 $ 2,219,594 $ 16,575,928 March 31, 2022 Range of Guaranteed Minimum Crediting Rate At guaranteed minimum 1 - 50 bps above guaranteed minimum 51 -150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total (in thousands) Variable Annuities Less than 1.00% $ 1,078,751 $ 885,373 $ 18,973 $ 2 $ 1,983,099 1.00% - 1.99% 257,667 1,610 0 0 259,277 2.00% - 2.99% 29,943 62 0 0 30,005 3.00% - 4.00% 1,133,842 0 0 0 1,133,842 Greater than 4.00% 2,412 0 0 0 2,412 Total $ 2,502,615 $ 887,045 $ 18,973 $ 2 $ 3,408,635 Variable and Universal Life Less than 1.00% $ 16,915 $ 0 $ 0 $ 0 $ 16,915 1.00% - 1.99% 359,005 0 649,596 1,981,146 2,989,747 2.00% - 2.99% 8,608 0 2,222,796 2,108,919 4,340,323 3.00%- 4.00% 4,718,016 11,418 2,298,924 138,202 7,166,560 Greater than 4.00% 2,101,597 0 0 0 2,101,597 Total $ 7,204,141 $ 11,418 $ 5,171,316 $ 4,228,267 $ 16,615,142 Unearned Revenue Reserve The balance of the changes in URR are as follows: March 31, 2023 Variable Life / Universal Life (in thousands) Balance, beginning of period $ 3,067,335 Unearned revenue 200,262 Amortization expense (32,752) Other adjustments (90) Balance, end of period $ 3,234,755 Reinsurance recoverables 1,583,054 Unearned revenue reserve net of reinsurance recoverables $ 1,651,701 March 31, 2022 Variable Life / Universal Life (in thousands) Balance, beginning of period $ 2,398,788 Unearned revenue 195,794 Amortization expense (32,330) Balance, end of period $ 2,562,252 Reinsurance recoverables 1,401,741 Unearned revenue reserve net of reinsurance recoverables $ 1,160,511 The following tables show a rollforward of MRB balances for variable annuity products, along with a reconciliation to the Company’s total net MRB positions as of the following dates: March 31, 2023 Variable Annuities Less: Reinsured Market Risk Benefits Total, Net of Reinsurance (in thousands) Balance, beginning of period $ 4,550,625 $ (422,261) $ 4,128,364 Effect of cumulative changes in non-performance risk 1,727,910 0 1,727,910 Balance, beginning of period, before effect of changes in non-performance risk 6,278,535 (422,261) 5,856,274 Attributed fees collected 293,206 (34,490) 258,716 Claims paid (23,881) 1,653 (22,228) Interest accrual 78,947 (2,290) 76,657 Actual in force different from expected 19,425 (2,389) 17,036 Effect of changes in interest rates 438,057 (49,031) 389,026 Effect of changes in equity markets (635,535) 66,494 (569,041) Effect of changes in current period counterparty non-performance risk 0 18,297 18,297 Other adjustments 77,790 0 77,790 Balance, end of period, before effect of changes in non-performance risk 6,526,544 (424,017) 6,102,527 Effect of cumulative changes in non-performance risk (1,908,334) 0 (1,908,334) Balance, end of period $ 4,618,210 $ (424,017) $ 4,194,193 March 31, 2022 Variable Annuities Less: Reinsured Market Risk Benefits Total, Net of Reinsurance (in thousands) Balance, beginning of period $ 8,884,362 $ (906,484) $ 7,977,878 Effect of cumulative changes in non-performance risk 287,605 0 287,605 Balance, beginning of period, before effect of changes in non-performance risk 9,171,967 (906,484) 8,265,483 Attributed fees collected 336,535 (39,403) 297,132 Claims paid (6,504) 38 (6,466) Interest accrual 6,079 (607) 5,472 Actual in force different from expected 12,607 (2,225) 10,382 Effect of changes in interest rates (2,352,119) 244,066 (2,108,053) Effect of changes in equity markets 841,445 (86,467) 754,978 Effect of changes in current period counterparty non-performance risk 0 112,030 112,030 Balance, end of period, before effect of changes in non-performance risk 8,010,010 (679,052) 7,330,958 Effect of cumulative changes in non-performance risk (1,189,657) 0 (1,189,657) Balance, end of period $ 6,820,353 $ (679,052) $ 6,141,301 The following table presents accompanying information to the rollforward table above. See Note 9 for information on "Net amount at risk". March 31, 2023 March 31, 2022 Variable Annuities ($ in thousands) Net amount at risk $ 10,414,217 $ 4,557,413 Weighted-average attained age of contractholders 69 67 The table below reconciles MRB asset and liability positions as of the following dates: March 31, 2023 March 31, 2022 Variable Annuities (in thousands) Market risk benefit assets $ 1,427,488 $ 1,579,370 Market risk benefit liabilities 5,621,681 7,720,671 Net liability $ 4,194,193 $ 6,141,301

Market Risk Benefits

Market Risk Benefits	3 Months Ended
	Mar. 31, 2023
Insurance [Abstract]
Policyholders' Liabilities	LIABILITY FOR FUTURE POLICY BENEFITS Liability for Future Policy Benefits primarily consists of the following sub-components, which are discussed in greater detail below. • Benefit Reserves; • Deferred Profit Liability; and • Additional Insurance Reserves Benefit Reserves The balances of and changes in Benefit Reserves as of and for the periods indicated consist of the three tables presented below: Present Value of Expected Net Premiums rollforward, Present Value of Expected Future Policy Benefits rollforward, and Net Liability for Future Policy Benefits. March 31, 2023 Present Value of Expected Net Premiums Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 10,911,794 $ 0 $ 10,911,794 Effect of cumulative changes in discount rate assumptions, beginning of period 554,896 0 554,896 Balance at original discount rate, beginning of period 11,466,690 0 11,466,690 Effect of actual variances from expected experience and other activity (4,111) (599) (4,710) Adjusted balance, beginning of period 11,462,579 (599) 11,461,980 Issuances 132,627 9,560 142,187 Net premiums / considerations collected (338,534) (8,961) (347,495) Interest accrual 131,333 0 131,333 Balance at original discount rate, end of period 11,388,005 0 11,388,005 Effect of cumulative changes in discount rate assumptions, end of period (312,681) 0 (312,681) Balance, end of period $ 11,075,324 $ 0 $ 11,075,324 March 31, 2023 Present Value of Expected Future Policy Benefits Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 17,835,251 $ 204,727 $ 18,039,978 Effect of cumulative changes in discount rate assumptions, beginning of period 962,034 24,876 986,910 Balance at original discount rate, beginning of period 18,797,285 229,603 19,026,888 Effect of actual variances from expected experience (13,802) 1,427 (12,375) Adjusted balance, beginning of period 18,783,483 231,030 19,014,513 Issuances 132,627 9,560 142,187 Interest accrual 223,841 2,137 225,978 Benefit payments (378,918) (7,418) (386,336) Other adjustments 1,278 (41) 1,237 Balance at original discount rate, end of period 18,762,311 235,268 18,997,579 Effect of cumulative changes in discount rate assumptions, end of period (474,265) (19,786) (494,051) Balance, end of period $ 18,288,046 $ 215,482 $ 18,503,528 Other, end of period 2,055 Total balance, end of period $ 18,505,583 March 31, 2023 Net Liability for Future Policy Benefits (Benefit Reserves) Term Life Fixed Annuities Total (in thousands) Balance, end of period, pre-flooring $ 7,212,722 $ 215,482 $ 7,428,204 Flooring impact, end of period 0 0 0 Balance, end of period, post-flooring 7,212,722 215,482 7,428,204 Less: Reinsurance recoverable 6,719,094 17,336 6,736,430 Balance after reinsurance recoverable, end of period, post-flooring $ 493,628 $ 198,146 $ 691,774 March 31, 2022 Present Value of Expected Net Premiums Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 12,485,056 $ 0 $ 12,485,056 Effect of cumulative changes in discount rate assumptions, beginning of period (1,826,120) 0 (1,826,120) Balance at original discount rate, beginning of period 10,658,936 0 10,658,936 Effect of actual variances from expected experience and other activity 61,204 0 61,204 Adjusted balance, beginning of period 10,720,140 0 10,720,140 Issuances 136,282 9,878 146,160 Net premiums / considerations collected (305,425) (9,878) (315,303) Interest accrual 121,816 0 121,816 Balance at original discount rate, end of period 10,672,813 0 10,672,813 Effect of cumulative changes in discount rate assumptions, end of period 851,339 0 851,339 Balance, end of period $ 11,524,152 $ 0 $ 11,524,152 March 31, 2022 Present Value of Expected Future Policy Benefits Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 20,937,097 $ 237,065 $ 21,174,162 Effect of cumulative changes in discount rate assumptions, beginning of period (3,607,275) (16,704) (3,623,979) Balance at original discount rate, beginning of period 17,329,822 220,361 17,550,183 Effect of actual variances from expected experience 74,360 1,276 75,636 Adjusted balance, beginning of period 17,404,182 221,637 17,625,819 Issuances 136,282 9,878 146,160 Interest accrual 207,753 1,878 209,631 Benefit payments (389,597) (6,719) (396,316) Other adjustments 592 (285) 307 Balance at original discount rate, end of period 17,359,212 226,389 17,585,601 Effect of cumulative changes in discount rate assumptions, end of period 1,780,585 (2,220) 1,778,365 Balance, end of period $ 19,139,797 $ 224,169 $ 19,363,966 Other, end of period 2,683 Total balance, end of period $ 19,366,649 March 31, 2022 Net Liability for Future Policy Benefits (Benefit Reserves) Term Life Fixed Annuities Total (in thousands) Balance, end of period, pre-flooring $ 7,615,645 $ 224,169 $ 7,839,814 Flooring impact, end of period 6,056 0 6,056 Balance, end of period, post-flooring 7,621,701 224,169 7,845,870 Less: Reinsurance recoverable 7,101,936 17,807 7,119,743 Balance after reinsurance recoverable, end of period, post-flooring $ 519,765 $ 206,362 $ 726,127 The following tables provide supplemental information related to the balances of and changes in Benefit Reserves included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the periods indicated: March 31, 2023 Term Life Fixed Annuities (in thousands) Undiscounted expected future gross premiums $ 22,077,087 $ 0 Discounted expected future gross premiums (at original discount rate) $ 15,222,212 $ 0 Discounted expected future gross premiums (at current discount rate) $ 14,816,791 $ 0 Undiscounted expected future benefits and expenses $ 29,198,512 $ 316,153 Interest accrual $ 92,508 $ 2,137 Gross premiums $ 449,968 $ 10,891 Weighted-average duration of the liability in years (at original discount rate) 10 7 Weighted-average duration of the liability in years (at current discount rate) 10 6 Weighted-average interest rate (at original discount rate) 5.21 % 3.69 % Weighted-average interest rate (at current discount rate) 5.05 % 5.01 % March 31, 2022 Term Life Fixed Annuities (in thousands) Undiscounted expected future gross premiums $ 23,867,541 $ 0 Discounted expected future gross premiums (at original discount rate) $ 16,203,391 $ 0 Discounted expected future gross premiums (at current discount rate) $ 17,567,255 $ 0 Undiscounted expected future benefits and expenses $ 27,031,304 $ 298,888 Interest accrual $ 85,937 $ 1,878 Gross premiums $ 462,094 $ 11,819 Weighted-average duration of the liability in years (at original discount rate) 10 7 Weighted-average duration of the liability in years (at current discount rate) 10 7 Weighted-average interest rate (at original discount rate) 5.27 % 3.37 % Weighted-average interest rate (at current discount rate) 3.54 % 3.50 % For additional information regarding observable market information and the techniques used to determine the interest rate assumptions seen above, see Note 2. For non-participating traditional and limited-payment products, if a cohort is in a loss position where the liability for future policy benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for the present value of expected future policy benefits and non-level claim settlement expenses, then the liability for future policy benefits is adjusted at that time, and thereafter such that all changes, both favorable and unfavorable, in expected benefits resulting from both actual experience deviations and changes in future assumptions are recognized immediately as a gain or loss. In the first three months of 2023, there was a $24 million gain in net income for nonparticipating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts, mostly offset by a $23 million loss, reflecting the impact of ceded reinsurance on the affected cohorts. The favorable impact in the first three months of 2023 is primarily due to favorable mortality experience related to individual term life products. In the first three months of 2022, there was a $7 million charge to net income for nonparticipating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts, mostly offset by a $7 million gain, reflecting the impact of ceded reinsurance on the affected cohorts. The unfavorable impact in the first three months of 2022 is primarily due to unfavorable mortality experience related to individual term life products. Deferred Profit Liability The balances of and changes in Deferred Profit Liability as of and for the periods indicated are as follows: March 31, 2023 March 31, 2022 Fixed Annuities (in thousands) Balance, beginning of period $ 18,193 $ 15,765 Effect of actual variances from expected experience (951) (1,083) Adjusted balance, beginning of period 17,242 14,682 Profits deferred 1,856 1,889 Interest accrual 182 131 Amortization (541) (466) Other adjustments (8) (25) Balance, end of period 18,731 16,211 Less: Reinsurance recoverable 1,545 1,829 Balance after reinsurance recoverable $ 17,186 $ 14,382 The following table provides supplemental information related to the balances of and changes in Deferred Profit Liability, included in the disaggregated table above, on a gross (direct and assumed) basis, as of and for the period indicated: March 31, 2023 March 31, 2022 Fixed Annuities (in thousands) Revenue(1) $ (539) $ (445) Interest accrual 182 131 (1) Represents the gross premiums collected in changes in deferred profit liability. Additional Insurance Reserves AIR represents the additional liability for annuitization, death, or other insurance benefits, including GMDB and GMIB contract features, that are above and beyond the contractholder's account balance. The following table shows a rollforward of AIR balances for variable and universal life products for the periods indicated: March 31, 2023 March 31, 2022 (in thousands) Balance, including amounts in AOCI, beginning of period, post-flooring $ 12,664,445 $ 11,660,527 Flooring impact and amounts in AOCI 1,269,237 (896,930) Balance, excluding amounts in AOCI, beginning of period, pre-flooring 13,933,682 10,763,597 Effect of actual variances from expected experience and other activity (32,188) (42,272) Adjusted balance, beginning of period 13,901,494 10,721,325 Assessments collected(1) 267,869 233,679 Interest accrual 117,307 91,563 Benefits paid (71,551) (52,630) Balance, excluding amounts in AOCI, end of period, pre-flooring 14,215,119 10,993,937 Flooring impact and amounts in AOCI (962,417) 127,552 Balance, including amounts in AOCI, end of period, post-flooring 13,252,702 11,121,489 Less: Reinsurance recoverable 13,029,847 10,902,945 Balance after reinsurance recoverable, including amounts in AOCI, end of period $ 222,855 $ 218,544 (1) Represents the portion of gross assessments required to fund the future policy benefits. March 31, 2023 March 31, 2022 (in thousands) Interest accrual $ 117,307 $ 91,563 Gross assessments $ 427,489 $ 373,710 Weighted-average duration of the liability in years (at original discount rate) 22 22 Weighted-average interest rate (at original discount rate) 3.38 % 3.36 % Future Policy Benefits Reconciliation The following table presents the reconciliation of the ending balances from the above rollforwards, Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability including other liabilities, gross of related reinsurance recoverables, to the total liability for Future Policy Benefits as reported on the Company's Unaudited Interim Consolidated Statements of Financial Position as of the periods indicated: March 31, 2023 March 31, 2022 (in thousands) Benefit reserves, end of period, post-flooring $ 7,428,204 $ 7,845,870 Additional insurance reserves, including amounts in AOCI, end of period, post-flooring 13,252,702 11,121,489 Deferred profit liability, end of period, post-flooring 18,731 16,211 Subtotal of amounts disclosed above 20,699,637 18,983,570 Other Future policy benefits reserves(1) 1,059,906 1,124,291 Total Future policy benefits $ 21,759,543 $ 20,107,861 (1) Represents balances for which disaggregated rollforward disclosures are not required, including unpaid claims and claims expenses, and incurred but not reported and in course of settlement claim liabilities. Revenue and Interest Expense The following tables present revenue and interest expense related to Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability, as well as related revenue and interest expense not presented in the above supplemental tables, in the Company's Consolidated Statement of Operations for the periods indicated: March 31, 2023 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 449,968 $ 0 $ 10,891 $ 460,859 Additional insurance reserves 0 427,489 0 427,489 Deferred profit liability 0 0 (539) (539) Total $ 449,968 $ 427,489 $ 10,352 $ 887,809 March 31, 2022 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 462,094 $ 0 $ 11,819 $ 473,913 Additional insurance reserves 0 373,710 0 373,710 Deferred profit liability 0 0 (445) (445) Total $ 462,094 $ 373,710 $ 11,374 $ 847,178 (1) Represents "Gross premiums" for benefit reserves; "Gross assessments" for additional insurance reserves; and "Revenue" for deferred profit liability. March 31, 2023 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 92,508 $ 0 $ 2,137 $ 94,645 Additional insurance reserves 0 117,307 0 117,307 Deferred profit liability 0 0 182 182 Total $ 92,508 $ 117,307 $ 2,319 $ 212,134 March 31, 2022 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 85,937 $ 0 $ 1,878 $ 87,815 Additional insurance reserves 0 91,563 0 91,563 Deferred profit liability 0 0 131 131 Total $ 85,937 $ 91,563 $ 2,009 $ 179,509 Policyholders' Account Balances The Company issues variable life and variable universal life insurance contracts where the Company contractually guarantees to the contractholder a death benefit even when there is insufficient value to cover monthly mortality and expense charges, whereas otherwise the contract would typically lapse (“no-lapse guarantee”). For those guarantees of benefits that are payable in the event of death, the net amount at risk is generally defined as the current guaranteed minimum death benefit in excess of the current account balance at the balance sheet date. The Company’s primary risk exposures for these contracts relates to actual deviations from, or changes to, the assumptions used in the original pricing of these products, including fixed income and equity market returns, contract lapses and contractholder mortality. For guarantees of benefits that are payable at annuitization, the net amount at risk is generally defined as the present value of the minimum guaranteed annuity payments available to the contractholder determined in accordance with the terms of the contract in excess of the current account balance. The Company’s primary risk exposures for these contracts relates to actual deviations from, or changes to, the assumptions used in the original pricing of these products, including fixed income and equity market returns, timing of annuitization, contract lapses and contractholder mortality. For guarantees of benefits that are payable at withdrawal, the net amount at risk is generally defined as the present value of the minimum guaranteed withdrawal payments available to the contractholder determined in accordance with the terms of the contract in excess of the current account balance. For guarantees of accumulation balances, the net amount at risk is generally defined as the guaranteed minimum accumulation balance minus the current account balance. The Company’s primary risk exposures for these contracts relates to actual deviations from, or changes to, the assumptions used in the original pricing of these products, including equity market returns, interest rates, market volatility and contractholder behavior. The balance of and changes in policyholders' account balances as of and for the periods ended are as follows: March 31, 2023 Variable Annuities Variable Life / Universal Life Total (in thousands) Balance, beginning of period $ 16,432,032 $ 18,736,365 $ 35,168,397 Deposits 948,987 530,381 1,479,368 Interest credited 78,629 141,753 220,382 Policy charges (5,729) (451,990) (457,719) Surrenders and withdrawals (113,424) (216,334) (329,758) Benefit payments (10,624) (24,771) (35,395) Net transfers (to) from separate account 10,253 24,911 35,164 Change in market value and other adjustments 191,448 84,425 275,873 Balance, end of period 17,531,572 18,824,740 36,356,312 Reinsurance and other recoverables(1) 319,707 12,834,671 13,154,378 Policyholders' account balance net of reinsurance and other recoverables $ 17,211,865 $ 5,990,069 $ 23,201,934 Unearned revenue reserve 3,234,755 Other 4,208,054 Total Policyholders' account balances $ 43,799,121 Weighted-average crediting rate 1.85 % 3.02 % 2.46 % Net amount at risk(2) $ 0 $ 308,975,503 $ 308,975,503 Cash surrender value(3) $ 15,338,366 $ 17,242,003 $ 32,580,369 (1) The amount of recoverables related to reinsurance agreements that reduce the risk of the policyholders’ account balances gross liability. (2) The net amount at risk calculation includes both general and separate account balances. (3) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. March 31, 2022 Variable Annuities Variable Life / Universal Life Total (in thousands) Balance, beginning of period $ 11,465,411 $ 18,762,548 $ 30,227,959 Deposits 1,288,963 558,688 1,847,651 Interest credited 33,157 139,524 172,681 Policy charges (477) (445,483) (445,960) Surrenders and withdrawals (55,826) (198,073) (253,899) Benefit payments (9,694) (26,561) (36,255) Net transfers (to) from separate account 134,051 76,186 210,237 Change in market value and other adjustments 18,261 (154,054) (135,793) Balance, end of period 12,873,846 18,712,775 31,586,621 Reinsurance and other recoverables(1) 336,619 12,982,489 13,319,108 Policyholders' account balance net of reinsurance and other recoverables $ 12,537,227 $ 5,730,286 $ 18,267,513 Unearned revenue reserve 2,562,252 Other 3,085,191 Total Policyholders' account balances $ 37,234,064 Weighted-average crediting rate 1.09 % 2.98 % 2.23 % Net amount at risk(2) $ 0 $ 314,855,314 $ 314,855,314 Cash surrender value(3) $ 12,035,925 $ 17,060,852 $ 29,096,777 (1) The amount of recoverables related to reinsurance agreements that reduce the risk of the policyholders’ account balances gross liability. (2) The net amount at risk calculation includes both general and separate account balances. (3) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. The balance of account values by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between rates being credited to policyholders and the respective guaranteed minimums are as follows: March 31, 2023 Range of Guaranteed Minimum Crediting Rate At guaranteed minimum 1 -50 bps above guaranteed minimum 51 -150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total (in thousands) Variable Annuities Less than 1.00% $ 1,004,577 $ 848,029 $ 18,595 $ 2 $ 1,871,203 1.00% - 1.99% 236,212 2,204 1,287 0 239,703 2.00% - 2.99% 25,642 1,916 0 0 27,558 3.00% - 4.00% 1,030,028 2,225 0 0 1,032,253 Greater than 4.00% 2,160 0 0 0 2,160 Total $ 2,298,619 $ 854,374 $ 19,882 $ 2 $ 3,172,877 Variable and Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 10,513 $ 10,513 1.00% - 1.99% 149,551 0 1,071,226 1,948,636 3,169,413 2.00% - 2.99% 32,394 122,790 4,003,885 260,445 4,419,514 3.00% - 4.00% 4,643,346 1,840,308 358,423 0 6,842,077 Greater than 4.00% 2,134,411 0 0 0 2,134,411 Total $ 6,959,702 $ 1,963,098 $ 5,433,534 $ 2,219,594 $ 16,575,928 March 31, 2022 Range of Guaranteed Minimum Crediting Rate At guaranteed minimum 1 - 50 bps above guaranteed minimum 51 -150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total (in thousands) Variable Annuities Less than 1.00% $ 1,078,751 $ 885,373 $ 18,973 $ 2 $ 1,983,099 1.00% - 1.99% 257,667 1,610 0 0 259,277 2.00% - 2.99% 29,943 62 0 0 30,005 3.00% - 4.00% 1,133,842 0 0 0 1,133,842 Greater than 4.00% 2,412 0 0 0 2,412 Total $ 2,502,615 $ 887,045 $ 18,973 $ 2 $ 3,408,635 Variable and Universal Life Less than 1.00% $ 16,915 $ 0 $ 0 $ 0 $ 16,915 1.00% - 1.99% 359,005 0 649,596 1,981,146 2,989,747 2.00% - 2.99% 8,608 0 2,222,796 2,108,919 4,340,323 3.00%- 4.00% 4,718,016 11,418 2,298,924 138,202 7,166,560 Greater than 4.00% 2,101,597 0 0 0 2,101,597 Total $ 7,204,141 $ 11,418 $ 5,171,316 $ 4,228,267 $ 16,615,142 Unearned Revenue Reserve The balance of the changes in URR are as follows: March 31, 2023 Variable Life / Universal Life (in thousands) Balance, beginning of period $ 3,067,335 Unearned revenue 200,262 Amortization expense (32,752) Other adjustments (90) Balance, end of period $ 3,234,755 Reinsurance recoverables 1,583,054 Unearned revenue reserve net of reinsurance recoverables $ 1,651,701 March 31, 2022 Variable Life / Universal Life (in thousands) Balance, beginning of period $ 2,398,788 Unearned revenue 195,794 Amortization expense (32,330) Balance, end of period $ 2,562,252 Reinsurance recoverables 1,401,741 Unearned revenue reserve net of reinsurance recoverables $ 1,160,511 The following tables show a rollforward of MRB balances for variable annuity products, along with a reconciliation to the Company’s total net MRB positions as of the following dates: March 31, 2023 Variable Annuities Less: Reinsured Market Risk Benefits Total, Net of Reinsurance (in thousands) Balance, beginning of period $ 4,550,625 $ (422,261) $ 4,128,364 Effect of cumulative changes in non-performance risk 1,727,910 0 1,727,910 Balance, beginning of period, before effect of changes in non-performance risk 6,278,535 (422,261) 5,856,274 Attributed fees collected 293,206 (34,490) 258,716 Claims paid (23,881) 1,653 (22,228) Interest accrual 78,947 (2,290) 76,657 Actual in force different from expected 19,425 (2,389) 17,036 Effect of changes in interest rates 438,057 (49,031) 389,026 Effect of changes in equity markets (635,535) 66,494 (569,041) Effect of changes in current period counterparty non-performance risk 0 18,297 18,297 Other adjustments 77,790 0 77,790 Balance, end of period, before effect of changes in non-performance risk 6,526,544 (424,017) 6,102,527 Effect of cumulative changes in non-performance risk (1,908,334) 0 (1,908,334) Balance, end of period $ 4,618,210 $ (424,017) $ 4,194,193 March 31, 2022 Variable Annuities Less: Reinsured Market Risk Benefits Total, Net of Reinsurance (in thousands) Balance, beginning of period $ 8,884,362 $ (906,484) $ 7,977,878 Effect of cumulative changes in non-performance risk 287,605 0 287,605 Balance, beginning of period, before effect of changes in non-performance risk 9,171,967 (906,484) 8,265,483 Attributed fees collected 336,535 (39,403) 297,132 Claims paid (6,504) 38 (6,466) Interest accrual 6,079 (607) 5,472 Actual in force different from expected 12,607 (2,225) 10,382 Effect of changes in interest rates (2,352,119) 244,066 (2,108,053) Effect of changes in equity markets 841,445 (86,467) 754,978 Effect of changes in current period counterparty non-performance risk 0 112,030 112,030 Balance, end of period, before effect of changes in non-performance risk 8,010,010 (679,052) 7,330,958 Effect of cumulative changes in non-performance risk (1,189,657) 0 (1,189,657) Balance, end of period $ 6,820,353 $ (679,052) $ 6,141,301 The following table presents accompanying information to the rollforward table above. See Note 9 for information on "Net amount at risk". March 31, 2023 March 31, 2022 Variable Annuities ($ in thousands) Net amount at risk $ 10,414,217 $ 4,557,413 Weighted-average attained age of contractholders 69 67 The table below reconciles MRB asset and liability positions as of the following dates: March 31, 2023 March 31, 2022 Variable Annuities (in thousands) Market risk benefit assets $ 1,427,488 $ 1,579,370 Market risk benefit liabilities 5,621,681 7,720,671 Net liability $ 4,194,193 $ 6,141,301

Reinsurance

Reinsurance	3 Months Ended
	Mar. 31, 2023
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"), and PALAC, a former subsidiary of Prudential Financial that was sold to Fortitude on April 1, 2022, which is discussed 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. Change in value of market risk benefits, net of related hedging gain (loss) include the impact of reinsurance agreements, particularly reinsurance agreements involving living benefit guarantees. The Company has entered into reinsurance agreements to transfer the risk related to the living benefit guarantees on variable annuities within the PLNJ business to Prudential Insurance. These reinsurance agreements are market risk benefits and have been accounted for in the same manner. See Note 4 for additional information related to the accounting for market risk benefits. Reinsurance amounts included in the Company’s Unaudited Interim Consolidated Statements of Financial Position as of March 31, 2023 and December 31, 2022 were as follows: March 31, 2023 December 31, 2022 (in thousands) Reinsurance recoverables(1) $ 37,853,981 $ 37,096,562 Policy loans (1,011,824) (1,011,112) Deferred policy acquisition costs(1) (3,296,599) (3,343,270) Deferred sales inducements(1) (37,515) (38,146) Market risk benefit assets(1) 547,475 543,177 Other assets(1) 1,372,881 1,146,794 Policyholders’ account balances(1) 6,914,263 7,157,639 Future policy benefits(1) 6,597,226 6,320,863 Market risk benefit liabilities(1) 129,074 120,916 Other liabilities(1) 3,269,756 2,891,433 (1) Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts. Unaffiliated reinsurance amounts included in the table above and in the Company's Unaudited Interim Consolidated Statements of Financial Position were as follows: March 31, 2023 December 31, 2022 (in thousands) Deferred policy acquisition costs(1) $ 107,162 $ 111,379 Market risk benefit assets(1) 67,851 64,738 Other assets 1,262,745 1,034,000 Policyholders’ account balances(1) 2,588,686 2,771,961 Future policy benefits 136 0 Market risk benefit liabilities(1) 45,777 40,731 Other liabilities 1,065,070 820,185 (1) Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts. The deposit assets on reinsurance totaled $1,108 million and $828 million at March 31, 2023 and December 31, 2022, respectively. The funds withheld liabilities totaled $945 million and $705 million at March 31, 2023 and December 31, 2022, respectively. Reinsurance recoverables by counterparty are broken out below: March 31, 2023 December 31, 2022(1) (in thousands) PAR U $ 15,311,792 $ 15,051,337 PURC 7,165,218 6,928,950 PARCC 2,453,049 2,437,589 GUL Re 3,111,960 3,124,697 PAR Term 2,045,923 2,040,599 Prudential Insurance 1,053,167 986,013 Term Re 1,948,562 1,830,197 Lotus Re 1,961,163 1,952,215 DART 650,230 578,462 Unaffiliated 2,152,917 2,166,503 Total reinsurance recoverables $ 37,853,981 $ 37,096,562 (1) Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts. Reinsurance amounts, included in the Company’s Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss) for the three months ended March 31, were as follows: Three Months Ended March 31, 2023 2022 (in thousands) Premiums: Direct(1) $ 462,067 $ 473,421 Assumed (156) 1,397 Ceded(1) (385,255) (405,313) Net premiums(1) 76,656 69,505 Policy charges and fee income: Direct(1) 735,938 790,899 Assumed(1) 152,600 146,806 Ceded(1) (502,047) (848,525) Net policy charges and fee income(1) 386,491 89,180 Net investment income: Direct 350,323 195,511 Assumed 343 453 Ceded (1,216) (16,664) Net investment income 349,450 179,300 Asset administration fees: Direct 80,356 97,457 Assumed 0 0 Ceded (16,154) (18,225) Net asset administration fees 64,202 79,232 Other income (loss): Direct 225,734 (348,688) Assumed (293) 39 Ceded(1) 19,406 21,566 Net Other income (loss)(1) 244,847 (327,083) Realized investment gains (losses), net: Direct(1) (245,923) 510,822 Assumed(1) 138,666 (203,984) Ceded(1) (13,422) 46,443 Realized investment gains (losses), net(1) (120,679) 353,281 Change in value of market risk benefits, net of related hedging gain (loss): Direct(1) 33,120 (171,355) Assumed(1) (6,217) 0 Ceded(1) (6,701) (266,513) Net change in value of market risk benefits, net of related hedging gain (loss)(1) 20,202 (437,868) Policyholders’ benefits (including change in reserves): Direct(1) 878,785 854,159 Assumed(1) 317,287 253,037 Ceded(1) (1,090,890) (921,787) Net policyholders’ benefits (including change in reserves)(1) 105,182 185,409 Three Months Ended March 31, 2023 2022 Change in estimates of liability for future policy benefits: Direct(1) (48,501) (9,982) Assumed(1) 1,807 (18,091) Ceded(1) 42,292 25,226 Net change in estimates of liability for future policy benefits(1) (4,402) (2,847) Interest credited to policyholders’ account balances: Direct(1) 222,575 145,870 Assumed 38,506 72,502 Ceded(1) (100,859) (106,353) Net interest credited to policyholders’ account balances(1) 160,222 112,019 Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization(1) (117,830) (117,357) (1) Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts. Unaffiliated reinsurance assumed and ceded amounts included in the table above and in the Company's Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss) were as follows: Three Months Ended March 31, 2023 2022(1) (in thousands) Premiums: Assumed(2) $ (166) $ 40 Ceded(2) (16,575) (11,522) Policy charges and fee income: Assumed 540 0 Ceded (23,938) (18,298) Net investment income: Ceded 10,920 (4,333) Other income (loss): Assumed (293) 39 Ceded 1,622 0 Realized investment gains (losses), net: Assumed 138,666 0 Ceded(2) (14,581) 45,950 Change in value of market risk benefits, net of related hedging gain (loss): Assumed(2) (6,217) 0 Ceded(2) (4,773) (50,873) Policyholders’ benefits (including change in reserves): Assumed 91 109 Ceded(2) (27,702) (18,491) Interest credited to policyholders’ account balances: Assumed 7,469 0 (1) Prior period has been reclassified to conform to the current period presentation (2) Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts. The gross and net amounts of life insurance face amount in force as of March 31, 2023 and 2022 were as follows: 2023 2022 (in thousands) Direct gross life insurance face amount in force $ 1,098,986,043 $ 1,085,450,111 Assumed gross life insurance face amount in force 36,379,128 37,528,980 Reinsurance ceded (1,012,593,512) (998,722,883) Net life insurance face amount in force $ 122,771,659 $ 124,256,208 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 excluded 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 did not impact PLNJ, which continued to reinsure its 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 were being managed within the Company. 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. 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. Effective February 1, 2023, PLNJ began selling indexed variable annuities products, which is reinsured to Prudential Insurance through the existing reinsurance agreement. The reinsurance of the indexed variable annuities transfers all significant risks, including mortality risk, embedded in the reinsured contracts to Prudential Insurance. As a result of the agreement, reinsurance payables includes the ceded modified coinsurance arrangement, which reflects the value of the invested assets retained by the Company and the associated asset returns. Lotus Re Effective October 1, 2021, the Company entered into an automatic coinsurance agreement with Lotus Re to reinsure $32 million 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 indexed variable annuities. The reinsurance of the indexed variable annuities transfers all significant risks, including mortality risk, embedded in the reinsured contracts to the Company. 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 under this agreement. As of March 31, 2023, the total account value of contracts novated from FLIAC to the Company were $4.8 billion for indexed variable annuities contracts and $1.9 billion for fixed annuities and fixed indexed annuities contracts, which is approximately 74% 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 March 31, 2023, $2.5 billion of HDI v.3.0 account values are reinsured to Union Hamilton.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXESThe 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 $56.2 million, or 16.74% of income (loss) from operations before income taxes and equity in earnings of operating joint venture, in the first three months of 2023, compared to an income tax benefit of $(198.8) million, or 29.20%, in the first three months of 2022. 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. Inflation Reduction Act. On August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022 (the “Inflation Reduction Act”). One of the most significant provisions of the Inflation Reduction Act is a 15% alternative minimum tax based on the Company’s GAAP income, with certain adjustments. This provision which is applicable only to companies with average applicable financial statement income over $1 billion for any three-year period ending in 2022 or later, is effective in taxable years beginning after December 31, 2022. The impact of the book-income alternative minimum tax, if any, will vary from year to year based on the relationship of the Company’s GAAP income to the Company’s taxable income. Any tax paid pursuant to this provision is available as a tax credit in future years when the Company’s tax rate exceeds the 15% minimum tax threshold.

Equity

Equity	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Equity	EQUITY Accumulated Other Comprehensive Income (Loss) AOCI represents the cumulative OCI items that are reported separate from net income and detailed on the Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss). The balance of and changes in each component of AOCI as of and for the three months ended March 31, 2023 and 2022, are as follows: Accumulated Other Comprehensive Income (Loss) Foreign Net Unrealized Interest Rate Remeasurement of Future Policy Benefits Gain (loss) from Changes in Non-Performance Risk on Market Risk Benefits Total Accumulated (in thousands) Balance, December 31, 2022 $ (20,007) $ (1,474,475) $ 119,368 $ 1,365,049 $ (10,065) Change in OCI before reclassifications 2,666 377,650 (38,224) 180,423 522,515 Amounts reclassified from AOCI 0 4,451 0 0 4,451 Income tax benefit (expense) (181) (80,219) 8,027 (37,889) (110,262) Balance, March 31, 2023 $ (17,522) $ (1,172,593) $ 89,171 $ 1,507,583 $ 406,639 Accumulated Other Comprehensive Income (Loss) Foreign Net Unrealized Interest Rate Remeasurement of Future Policy Benefits Gain (loss) from Changes in Non-Performance Risk on Market Risk Benefits Total Accumulated (in thousands) Balance, December 31, 2021 $ (11,274) $ 306,331 $ (125,809) $ 227,208 $ 396,456 Change in OCI before reclassifications (1,670) (957,454) 118,713 902,052 61,641 Amounts reclassified from AOCI 0 22,931 0 0 22,931 Income tax benefit (expense) 145 196,201 (24,930) (189,429) (18,013) Balance, March 31, 2022 $ (12,799) $ (431,991) $ (32,026) $ 939,831 $ 463,015 (1) Includes cash flow hedges of $118 million and $139 million as of March 31, 2023 and December 31, 2022, respectively, and $53 million and $40 million as of March 31, 2022 and December 31, 2021, respectively . Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended 2023 2022 (in thousands) Amounts reclassified from AOCI(1)(2): Net unrealized investment gains (losses): Cash flow hedges - Currency/Interest rate(3) $ 3,770 $ 13,790 Net unrealized investment gains (losses) on available-for-sale securities (8,221) (36,721) Total net unrealized investment gains (losses)(4) (4,451) (22,931) Total reclassifications for the period $ (4,451) $ (22,931) (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 (loss)” 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 Other Costs(2) Future Policy Benefits, Policyholders' Account Balances and Other Liabilities(3) Income Tax Accumulated (in thousands) Balance, December 31, 2022 $ 4,371 $ (2,161,026) $ (1,198,422) $ 1,488,679 $ 391,923 $ (1,474,475) Net investment gains (losses) on investments arising during the period (80) 442,527 0 0 (92,889) 349,558 Reclassification adjustment for (gains) losses included in net income (127) 4,578 0 0 (935) 3,516 Impact of net unrealized investment (gains) losses 0 0 289,957 (354,754) 13,605 (51,192) Balance, March 31, 2023 $ 4,164 $ (1,713,921) $ (908,465) $ 1,133,925 $ 311,704 $ (1,172,593) (1) Includes cash flow hedges. See Note 4 for information on cash flow hedges. (2) "Other costs" primarily includes reinsurance recoverables.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONSThe Company has extensive transactions and relationships with Prudential Insurance and other affiliates. Although we seek to ensure that these transactions and relationships are fair and reasonable, it is possible that the terms of these transactions are not the same as those that would result from transactions among unrelated parties. Expense Charges and Allocations The majority of the Company’s expenses are allocations or charges from Prudential Insurance or other affiliates. These expenses can be grouped into general and administrative expenses and agency distribution expenses. The Company’s general and administrative expenses are charged to the Company using allocation methodologies based on business production processes. Management believes that the methodology is reasonable and reflects costs incurred by Prudential Insurance to process transactions on behalf of the Company. The Company operates under service and lease agreements whereby services of officers and employees, supplies, use of equipment and office space are provided by Prudential Insurance. The Company reviews its allocation methodology periodically which it may adjust accordingly. General and administrative expenses include allocations of stock compensation expenses related to a stock-based awards program and a deferred compensation program issued by Prudential Financial. The expense charged to the Company for the stock-based awards program was $0.1 million for both the three months ended March 31, 2023 and 2022. The expense charged to the Company for the deferred compensation program was $2.7 million for both the three months ended March 31, 2023 and 2022. The Company is charged for its share of employee benefit expenses. These expenses include costs for funded and non-funded, non-contributory defined benefit pension plans. Some of these benefits are based on final earnings and length of service while others are based on an account balance, which takes into consideration age, service and earnings during a career. The Company’s share of net expense for the pension plans was $3 million and $5 million for the three months ended March 31, 2023 and 2022, respectively. The Company is also charged for its share of the costs associated with welfare plans issued by Prudential Insurance. These expenses include costs related to medical, dental, life insurance and disability. The Company's share of net expense for the welfare plans was $4 million and for both the three months ended March 31, 2023 and 2022. Prudential Insurance sponsors voluntary savings plans for its employee 401(k) plans. The plans provide for salary reduction contributions by employees and matching contributions by the Company of up to 4% of annual salary. The Company’s expense for its share of the voluntary savings plan was $2 million for both the three months ended March 31, 2023 and 2022. The Company is charged distribution expenses from Prudential’s proprietary nationwide sales organization, “Prudential Advisors” through a transfer pricing agreement, which is intended to reflect a market-based pricing arrangement. Prudential Advisors distributes Prudential life insurance, annuities, and investment products with proprietary and non-proprietary product options. The Company pays commissions and certain other fees to Prudential Annuities Distributors, Inc. (“PAD”) in consideration for PAD’s marketing and underwriting of the Company’s annuity products. Commissions and fees are paid by PAD to broker-dealers who sell the Company’s annuity products. Commissions and fees paid by the Company to PAD were $140 million and $170 million for the three months ended March 31, 2023 and 2022, respectively. The Company is charged for its share of corporate expenses incurred by Prudential Financial to benefit its businesses, such as advertising, executive oversight, external affairs and philanthropic activity. The Company’s share of corporate expenses was $39 million and $13 million for the three months ended March 31, 2023 and 2022, respectively. Corporate-Owned Life Insurance The Company has sold five Corporate-Owned Life Insurance (“COLI”) policies to Prudential Insurance, and one to Prudential Financial. The cash surrender value included in separate accounts for these COLI policies was $4,671 million at March 31, 2023 and $4,512 million at December 31, 2022. Fees related to these COLI policies were $13 million and $14 million for the three months ended March 31, 2023 and 2022, respectively. The Company reinsures the risk associated with these COLI policies to an affiliate reinsurer as part of a broader program related to variable insurance policies. Affiliated Investment Management Expenses In accordance with an agreement with PGIM, Inc. ("PGIM"), the Company pays investment management expenses to PGIM who acts as investment manager to certain Company general account and separate account assets. Investment management expenses paid to PGIM related to this agreement were $12 million and $8 million for the three months ended March 31, 2023 and 2022, respectively. These expenses are recorded as “Net investment income” in the Company's Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss). Derivative Trades In its ordinary course of business, the Company enters into OTC derivative contracts with an affiliate, PGF. For these OTC derivative contracts, PGF has a substantially equal and offsetting position with an external counterparty. See Note 4 for additional information. The interest income to the Company from PGF related to affiliated cash collateral was $110 million for the three months ended March 31, 2023. Joint Ventures The Company has made investments in joint ventures with certain subsidiaries of Prudential Financial. "Other invested assets" includes $631 million and $606 million of investments in joint ventures as of March 31, 2023 and December 31, 2022, respectively. "Net investment income" related to these ventures includes gains of $2 million and $13 million for the three months ended March 31, 2023 and 2022, respectively. Affiliated Asset Administration Fee Income The Company has a revenue sharing agreement with AST Investment Services, Inc. ("ASTISI") and PGIM Investments LLC ("PGIM Investments") whereby the Company receives fee income based on policyholders' separate account balances invested in the Advanced Series Trust. Income received from ASTISI and PGIM Investments related to this agreement was $69 million and $85 million for the three months ended March 31, 2023 and 2022, 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 $10 million for the three months ended March 31, 2023 and 2022, respectively. These revenues are recorded as “Asset administration fees” in the Company's Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss). Affiliated Notes Receivable Affiliated notes receivable included in “Receivables from parent and affiliates” at March 31, 2023 and December 31, 2022 were as follows: Maturity Dates Interest Rates March 31, 2023 December 31, 2022 (in thousands) U.S. dollar fixed rate notes 2025 - 2027 0.00% - 14.85 % $ 148,996 $ 148,076 Total notes receivable - affiliated(1) $ 148,996 $ 148,076 (1) All notes receivable may be called for prepayment prior to the respective maturity dates under specified circumstances. The affiliated notes receivable shown above are classified as available-for-sale securities and other trading assets carried at fair value. The Company monitors the internal and external credit ratings of these loans and loan performance. The Company also considers any guarantees made by Prudential Insurance for loans due from affiliates. Accrued interest receivable related to these loans was $0.4 million and $1.0 million at March 31, 2023 and December 31, 2022, respectively, and is included in “Other assets”. Revenues related to these loans were $1 million for both the three months ended March 31, 2023 and 2022, and are included in “Other income (loss)”. Affiliated Commercial Mortgage Loan The affiliated commercial mortgage loan included in "Commercial mortgage and other loans" at March 31, 2023 and December 31, 2022 were as follows: Maturity Date Interest Rate March 31, 2023 December 31, 2022 (in thousands) Affiliated Commercial Mortgage Loan 2025 9.20 % $ 71,928 $ 72,225 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 loan on an on-going basis. Accrued interest receivable related to the loan was $0.5 million for both March 31, 2023 and December 31, 2022, and is included in "Accrued investment income". Revenues were $2 million and $1 million for the three months ended March 31, 2023 and 2022 and are included in "Net investment income". Affiliated Asset Transfers The Company participates in affiliated asset trades with parent and sister companies. Book and market value differences for trades with a parent and sister are recognized within "Additional paid-in capital" (“APIC”) and "Realized investment gains (losses), net", respectively. The table below shows affiliated asset trades for the three months ended March 31, 2023 and for the year ended December 31, 2022. Affiliate Date Transaction Security Type Fair Value Book Value APIC, Net of Tax Increase/(Decrease) Realized (in thousands) 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 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 Prudential Insurance July 2022 Transfer In Fixed Maturities $ 6,319 $ 7,230 $ 719 $ 0 PAR U July 2022 Purchase Fixed Maturities $ 16,284 $ 16,284 $ 0 $ 0 Prudential Insurance August 2022 Purchase Fixed Maturities $ 155,823 $ 139,712 $ (12,728) $ 0 Vantage Casualty Insurance Co September 2022 Purchase Fixed Maturities $ 3,497 $ 3,497 $ 0 $ 0 WH Warehouse Ltd October 2022 Sale Fixed Maturities $ 26,536 $ 26,388 $ 0 $ 148 PAR U November 2022 Purchase Fixed Maturities $ 91,051 $ 91,051 $ 0 $ 0 Prudential Insurance December 2022 Purchase Fixed Maturities $ 67,477 $ 71,369 $ 3,075 $ 0 Prudential Insurance January 2023 Purchase Fixed Maturities $ 48,329 $ 50,372 $ 1,614 $ 0 Prudential Insurance March 2023 Purchase Fixed Maturities $ 7,175 $ 7,500 $ 256 $ 0 Debt Agreements The Company is authorized to borrow funds up to $7 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 March 31, 2023 and December 31, 2022: Affiliate Date Amount of Notes - March 31, 2023 Amount of Notes - December 31, 2022 Interest Rate Date of Maturity (in thousands) Prudential Insurance 8/13/2021 $ 95,885 $ 96,666 4.39 % 12/15/2023 Prudential Insurance 8/13/2021 28,766 29,000 4.39 % 12/15/2023 Prudential Insurance 8/13/2021 96,989 97,665 3.95 % 6/20/2024 Prudential Insurance 8/13/2021 38,796 39,066 3.95 % 6/20/2024 Prudential Insurance 8/13/2021 48,495 48,832 3.95 % 6/20/2024 Prudential Funding LLC 12/28/2022 0 138 4.73 % 1/31/2023 Prudential Funding LLC 12/29/2022 0 62 4.73 % 1/31/2023 Prudential Funding LLC 12/30/2022 0 384 4.73 % 1/31/2023 Prudential Funding LLC 3/24/2023 377 0 5.31 % 4/24/2023 Prudential Funding LLC 3/27/2023 233 0 5.31 % 4/28/2023 Prudential Funding LLC 3/28/2023 459 0 5.31 % 4/28/2023 Prudential Funding LLC 3/29/2023 46 0 5.31 % 4/28/2023 Prudential Funding LLC 3/30/2023 150 0 5.31 % 4/28/2023 Total Loans Payable to Affiliates $ 310,196 $ 311,813 The total interest expense to the Company related to affiliated loans and cash collateral with PGF was $3 million and $0.3 million for the three months ended March 31, 2023 and 2022, respectively. Contributed Capital and Dividends In February 2023, the Company received a capital contribution in the amount of $405 million from Prudential Insurance. In March, June and September 2022, the Company received capital contributions in the amount of $8 million, $3 million and $7 million, respectively, from Prudential Insurance. Through March 2023 and through December 2022, the Company did not pay any dividends to Prudential Insurance. Reinsurance with Affiliates As discussed in Note 11, the Company participates in reinsurance transactions with certain affiliates.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	COMMITMENTS AND CONTINGENT LIABILITIES Commitments The Company has made commitments to fund commercial mortgage loans. As of March 31, 2023 and December 31, 2022, the outstanding balances on these commitments were $359 million and $333 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 $0.1 million as of both March 31, 2023 and December 31, 2022. There were no changes in allowance for both the three months ended March 31, 2023 and 2022. The Company also made commitments to purchase or fund investments, mostly private fixed maturities. As of March 31, 2023 and December 31, 2022, $887 million and $582 million, respectively, of these commitments were outstanding. These amounts include unfunded commitments that are not unconditionally cancellable. There were no related charges for credit losses for either the three months ended March 31, 2023 or 2022. 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. 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 both March 31, 2023 and December 31, 2022, which represents the fair value of the guarantee and is amortized in revenue over a period which approximates the life of the underlying insurance in force. Since this obligation is not subject to limitations, it is not possible to determine the maximum potential amount due under this guarantee. Contingent Liabilities On an ongoing basis, the Company and its regulators review its operations including, but not limited to, sales and other customer interface procedures and practices, and procedures for meeting obligations to its customers and other parties. These reviews may result in the modification or enhancement of processes or the imposition of other action plans, including concerning management oversight, sales and other customer interface procedures and practices, and the timing or computation of payments to customers and other parties. In certain cases, if appropriate, the Company may offer customers or other parties remediation and may incur charges, including the cost of such remediation, administrative costs and regulatory fines. The Company is subject to the laws and regulations of states and other jurisdictions concerning the identification, reporting and escheatment of unclaimed or abandoned funds, and is subject to audit and examination for compliance with these requirements. It is possible that the results of operations or the cash flows of the Company in a particular quarterly or annual period could be materially affected as a result of payments in connection with the matters discussed above or other matters depending, in part, upon the results of operations or cash flows for such period. Management believes, however, that ultimate payments in connection with these matters, after consideration of applicable reserves and rights to indemnification, should not have a material adverse effect on the Company’s financial position. Litigation and Regulatory Matters The Company is subject to legal and regulatory actions in the ordinary course of its business. Pending legal and regulatory actions include proceedings specific to the Company and proceedings generally applicable to business practices in the industry in which it operates. The Company is subject to class action lawsuits and other litigation involving a variety of issues and allegations involving sales practices, claims payments and procedures, premium charges, policy servicing and breach of fiduciary duty to customers. The Company is also subject to litigation arising out of its general business activities, such as its investments, contracts, leases and labor and employment relationships, including claims of discrimination and harassment, and could be exposed to claims or litigation concerning certain business or process patents. In addition, the Company, along with other participants in the businesses in which it engages, may be subject from time to time to investigations, examinations and inquiries, in some cases industry-wide, concerning issues or matters upon which such regulators have determined to focus. In some of the Company’s pending legal and regulatory actions, parties are seeking large and/or indeterminate amounts, including punitive or exemplary damages. The outcome of litigation or a regulatory matter, and the amount or range of potential loss at any particular time, is often inherently uncertain. The Company establishes accruals for litigation and regulatory matters when it is probable that a loss has been incurred and the amount of that loss can be reasonably estimated. For litigation and regulatory matters where a loss may be reasonably possible, but not probable, or is probable but not reasonably estimable, no accrual is established, but the matter, if material, is disclosed. The Company estimates that as of March 31, 2023, 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, 2022, 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, 2022. Summary The Company’s litigation and regulatory matters are subject to many uncertainties, and given their complexity and scope, their outcome cannot be predicted. It is possible that the Company’s results of operations or cash flows in a particular quarterly or annual period could be materially affected by an ultimate unfavorable resolution of pending litigation and regulatory matters depending, in part, upon the results of operations or cash flows for such period. In light of the unpredictability of the Company’s litigation and regulatory matters, it is also possible that in certain cases an ultimate unfavorable resolution of one or more pending litigation or regulatory matters could have a material adverse effect on the Company’s financial statements. Management believes, however, that, based on information currently known to it, the ultimate outcome of all pending litigation and regulatory matters, after consideration of applicable reserves and rights to indemnification, is not likely to have a material adverse effect on the Company’s financial statements.

Significant Accounting Polici_2

Significant Accounting Policies and Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation On January 1, 2023, the Company adopted Accounting Standard Update (“ASU”) 2018-12, Financial Services— Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts, which provided new authoritative guidance impacting the accounting and disclosure requirements for long-duration insurance and investment contracts issued by the Company. See “Adoption of ASU 2018-12” below for additional information regarding this adoption, including the impacts to the Company’s 2022 financial statements from implementing the new accounting standard as well as the transition impacts recorded as of January 1, 2021. See Note 2 for additional details regarding the key policy changes effected by this ASU and updated accounting policies resulting from the adoption of this ASU for all periods presented in the Unaudited Interim Consolidated Financial Statements. 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, 2022.
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.
New accounting pronouncements including the Adoption of ASU 2018-12	Adoption of ASU 2018-12 Effective January 1, 2023, the Company adopted ASU 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts . Adoption of this ASU impacted, at least to some extent, the accounting and disclosure requirements for all long-duration insurance and investment contracts issued by the Company and had a significant financial impact on the Consolidated Financial Statements and disclosures. See Note 1 for additional information. As of the January 1, 2021 transition date, the adoption of the standard resulted in a decrease to “Total equity” of $271 million, primarily from remeasuring in force contract liabilities using upper-medium grade fixed income instrument yields as of the transition date and from other changes in reserves. As of the January 1, 2023 adoption date, the impact amounted to an increase to "Total equity" of $673 million. The changes in the impacts from January 1, 2021 to January 1, 2023 primarily reflect the increase in market interest rates during 2021 and 2022. Outlined below are: (1) key accounting policy changes effected by the ASU and (2) updated accounting policies for all of the periods presented in the Unaudited Interim Consolidated Financial Statements. (1) Key Accounting Policy Changes Area of Change 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-payment 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. Effective January 1, 2023 using the modified retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021 (the “transition date”). Under this method, the amendments to contracts in force were applied as of January 1, 2021 on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI The impact upon transition reflects the impact on in force contract liabilities in instances where expected net premiums exceeded expected gross premiums at an issue-year cohort level as a result of updating to current best estimate cash flow assumptions as of the transition date. As a result of the modified retrospective transition method, the vast majority of the impact of updating cash flow assumptions to best estimates as of the transition date will be reflected in the pattern of earnings in subsequent periods. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 8 for additional information. Discount rate assumption used to measure the liability for future policy benefits for non-participating traditional and limited-payment insurance products Requires discount rate assumptions to be based on an upper-medium grade fixed income instrument yields, 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, the guidance for the liability for future policy benefits was adopted effective January 1, 2023 using the modified retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021. Under this method, for balance sheet remeasurement purposes, the liability for future policy benefits is remeasured using discount rates as of January 1, 2021 with the impact recorded as a cumulative effect adjustment to AOCI. Adoption of the ASU resulted in a significant impact to AOCI as a result of remeasuring in force contract liabilities using current upper-medium grade fixed income instrument yields. This adjustment largely reflects the difference between discount rates locked-in at contract inception versus current discount rates. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 8 for additional information. Area of Change Description Method of adoption Effect on the financial statements or other significant matters Amortization of deferred acquisition costs ("DAC") and other balances Requires DAC and other balances, such as URR and Deferred Sales Inducements ("DSI"), to be amortized on a constant level basis over the expected term of the related contract, independent of expected profitability. Effective January 1, 2023 using the modified retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021. Under this method, the amendments to contracts in force were applied as of January 1, 2021 on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI. Adoption of the ASU did not have a significant impact on DAC and other balances upon transition, other than the impact of the removal of any related amounts in AOCI. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 6 for additional information. Market Risk Benefits 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 Consolidated Statements of Financial Position. Changes in the fair value of market risk benefits are recorded in net income, except for the portion attributable to changes in an entity’s NPR, which is recognized in OCI. 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. Effective January 1, 2023 using the retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021. Adoption of the ASU resulted in an adjustment to retained earnings for the difference between the fair value and carrying value of benefits not measured at fair value prior to the adoption of the ASU (e.g., guaranteed minimum death benefits on variable annuities) and a reclass of the cumulative effect of changes in NPR from retained earnings to AOCI. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 10 for additional information. In addition to the significant key accounting changes noted above, ASU 2018-12 also clarified the definition of assessments used to accrue additional insurance reserves and other related balances, primarily for no-lapse guarantee features on certain universal life contracts. Application of the new guidance changed the pattern of reserve recognition for these guarantees and resulted in an increase to the net contract liabilities related to these products at transition. See Note 1 for additional information regarding the effect on the financial statements. ASU 2022-05, Financial Services – Insurance (Topic 944) Transition for Sold Contracts was issued on December 15, 2022, to amend the transition guidance in ASU 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts . The amendment allows an insurance entity to make an accounting policy election to not apply ASU 2018-12 to contracts or legal entities sold or disposed of before the effective date, and in which the insurance entity has no significant continuing involvement with the derecognized contracts. An insurance entity is permitted to apply the policy election on a transaction by transaction basis to each sale or disposal transaction. An insurance entity is required to disclose whether it has chosen to apply this accounting policy election and provide a qualitative description of the sale or disposal transactions to which the accounting policy election is applied. The Company did not apply this accounting policy election. Other ASUs adopted during the three months ended March 31, 2023 The Company adopted ASU 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosure, effective January 1, 2023, on a prospective basis. This ASU eliminates the accounting guidance for Troubled Debt Restructurings (“TDR”) for creditors and adds enhanced disclosure requirements. Following adoption of the ASU, all loan refinancings and restructurings are subject to the modification guidance in ASC 310-20. Specific to the accounting policy for commercial mortgage and other loans, adoption of the ASU resulted in the elimination of TDRs such that, on a prospective basis, all modifications are evaluated under the existing modification guidance in ASC 310-20 to determine whether a modification results in a new financial instrument or a continuation of the existing financial instrument. Furthermore, for modifications of loans that have a CECL allowance and result in a continuation of the existing loan, the CECL allowance of the loan is remeasured using the modified terms and the post-modification effective yield. Prior to the adoption of the ASU, if a loan modification was a TDR, the CECL allowance of the loan was remeasured using the modified terms and the loan’s original effective yield. Adoption of the ASU did not have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements.
Deferred policy acquisition costs ("DAC")	Deferred policy acquisition costs represents costs directly related to the successful acquisition of new and renewal insurance and annuity business. Such DAC primarily includes commissions, costs of policy issuance and underwriting, and certain other expenses that are directly related to successfully acquired contracts. In each reporting period, previously capitalized DAC is amortized and included in “Amortization of deferred policy acquisition costs”, and the carrying amount of DAC is not subject to recoverability testing upon adoption of the ASU. DAC is amortized on a constant-level basis at a grouped contract level over the expected life of the underlying insurance contracts. Contracts are grouped consistent with the groupings used to estimate the liability for future policy benefits (or other related balances) for the corresponding contracts. Since contracts within a grouping may be of different sizes, contracts within a group are weighted to achieve appropriate amortization and to ensure that DAC is derecognized when a policy is no longer in force. The constant-level basis used to weight contracts within a grouping and amortize DAC is generally defined as follows: • Life insurance contracts – DAC associated with life insurance contracts is generally amortized in proportion to the initial face amount of life insurance in force. This is applicable to traditional and universal life insurance. • Payout annuity contracts – DAC associated with payout annuity contracts is amortized in proportion to annual benefit payments. • Deferred annuity contracts – DAC associated with fixed and variable deferred annuity contracts is amortized in proportion to deposits. For single premium immediate annuities without life contingencies, acquisition expenses are deferred and amortized over the expected life of the contracts using the interest method. Current period DAC amortization reflects the impact of changes in actual insurance in force during the period and changes in future assumptions effected as of the end of the quarter, where applicable. The Company typically updates actuarial assumptions annually in the second quarter, (see "Annual Assumptions Review" below), unless a material change is observed in an interim period that is indicative of a long-term trend. Generally, the Company does not expect trends to change significantly in the short-term and, to the extent these trends may change, the Company expects such changes to be gradual over the long-term. Assumptions used for DAC are consistent with those used in estimating the liability for future policy benefits (or any other related balance) for the corresponding contract. Determining the level of aggregation and actuarial assumptions used in projecting in force terminations requires judgment. Internal criteria are developed to determine the level of aggregation by considering both qualitative and quantitative materiality thresholds. The assumptions used in projecting in force terminations are mortality, mortality improvement, and lapse assumptions. These assumptions are generally based on the Company’s experience, industry experience and/or other factors, as applicable. For variable deferred annuity contracts, lapse rates are adjusted at the contract level based on the in-the-moneyness of the living benefits 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 are also generally assumed to be lower for the period where surrender charges apply.
Reinsurance recoverables	Reinsurance recoverables include corresponding receivables associated with reinsurance arrangements with affiliates and third party reinsurers, and are reported on the Consolidated Statements of Financial Position net of the CECL allowance. Reinsurance recoverables also include assumed modified coinsurance arrangements which generally reflect the value of the invested assets retained by the cedant and the associated asset returns. Modified coinsurance recoverables contain an embedded derivative (bifurcated and accounted for separately from the host contract) that is presented together with the derivative embedded in the modified coinsurance payables as one compound derivative. For additional information about these arrangements see Note 11. The CECL allowance considers the credit quality of the reinsurance counterparty and is generally determined based on the probability of default and loss given default assumptions, after considering any applicable collateral arrangements. The CECL allowance does not apply to reinsurance recoverables with affiliated counterparties under common control. Additions to or releases of the allowance are reported in “Policyholders’ benefits.” Prior to the adoption of this standard, an allowance for credit losses for reinsurance recoverables was established only when it was deemed probable that a reinsurer may fail to make payments to us in a timely manner. Reinsurance premiums, commissions, expense reimbursements, benefits and reserves related to reinsured long-duration contracts under coinsurance arrangements are accounted for over the life of the underlying reinsured contracts using assumptions consistent with those used to account for the underlying contracts. For reinsurance of in force blocks of non-participating traditional and limited-payment contracts, the current value of the direct liability as of inception of the reinsurance agreement is used to calculate the reinsurance recoverable and cost of reinsurance such that there is no immediate other comprehensive income or loss from recognition of the reinsurance recoverable at inception. Consistent with the direct liability, the reinsurance recoverable for non-participating traditional and limited-payment contracts is remeasured each period using current single A rates with the effect on the liability resulting from such updates recorded in "Interest rate remeasurement of future policy benefits" in OCI. Coinsurance arrangements contrast with the Company’s yearly renewable term arrangements, where only mortality risk is transferred to the reinsurer and premiums are paid to the reinsurer to reinsure that risk. The mortality risk that is reinsured under yearly renewable term arrangements represents the difference between the stated death benefits in the underlying reinsured contracts and the corresponding reserves or account value carried by the Company on those same contracts. The premiums paid to the reinsurer are based upon negotiated amounts, not on the actual premiums paid by the underlying contract holders to the Company. As yearly renewable term arrangements are usually entered into by the Company with the expectation that the contracts will be in force for the lives of the underlying policies, they are considered to be long-duration reinsurance contracts. The cost of reinsurance for universal life products is generally recognized based on the gross assessments of the underlying direct policies. The cost of reinsurance for term insurance products is generally recognized in proportion to direct premiums over the life of the underlying policies.
Market risk benefits (assets and liabilities)	Market risk benefits in an asset position are presented separately from market risk benefits in a liability position. See “ Market risk benefits ” below. Market risk benefit liabilities (or assets ) represents contracts or contract features that provide protection to the contractholder and exposes the Company to other than nominal capital market risk, primarily related to deferred annuities with guaranteed minimum benefits associated with annuities products including guaranteed minimum death benefits (“GMDB”), guaranteed minimum income benefits (“GMIB”), guaranteed minimum accumulation benefits (“GMAB”), guaranteed minimum withdrawal benefits (“GMWB”) and guaranteed minimum income and withdrawal benefits (“GMIWB”). The benefits are accounted for using a fair value measurement framework. If a contract contains multiple market risk benefits, the benefits are bundled together and accounted for as a single compound market risk benefit. Market risk benefits in an asset position are presented separately from those in a liability position as there is no legal right of offset between contracts. The fair value of market risk benefits is calculated as the present value of expected future benefit payments to contractholders less the present value of expected future rider fees attributable to the market risk benefit. The fair value of market risk benefits is based on assumptions a market participant would use in valuing market risk benefits. For additional information regarding the valuation of market risk benefits, see Note 5. On a quarterly basis, changes in the fair value of market risk benefits are recorded in net income, net of related hedges, in "Change in value of market risk benefits, net of related hedging gains (losses)", except for the portion of the change attributable to changes in the Company’s NPR which is recorded in OCI. See Note 10 for additional information regarding market risk benefits.
Other assets and Other liabilities	Other assets consists primarily of deposit assets related to a reinsurance agreement entered into with a third-party reinsurer during 2021 using deposit accounting under U.S. GAAP, see Note 11 for additional information. Included in these deposit assets are amounts representing fair value of embedded derivative instruments associated with the index-linked features of certain annuity products. For additional information regarding the valuation of these embedded derivatives, see Note 5. Also included are premiums due, deferred loss on reinsurance with affiliates which is amortized over the expected life of the reinsured contracts on a constant-level basis, receivables resulting from sales of securities that had not yet settled at the balance sheet date, prepaid tax expenses, and the Company’s investments in operating joint ventures. Investments in operating joint ventures are generally accounted for under the equity method. The carrying value of these investments is written down, or impaired, to fair value when a decline in value is considered to be other-than-temporary. Other liabilities consists primarily of reinsurance payables associated with reinsurance arrangements with affiliates that correspond to reinsurance receivables included above in “Reinsurance recoverables”. Also included is a funds withheld liability for assets retained under a reinsurance agreement that corresponds to the deposit assets above in "Other assets". For additional information about these arrangements see Note 11. Additionally other liabilities includes accrued expenses, technical overdrafts, payables resulting from purchases of securities that had not yet settled at the balance sheet date and deferred gain on reinsurance. The amortization method for deferred gain on reinsurance is amortized over the expected life of the reinsured contracts on a constant-level basis.
Deferred Sales Inducements	Deferred Sales Inducements are amounts that are credited to a policyholders’ account balance primarily as an inducement to purchase fixed and/or variable deferred annuity contracts. The Company defers sales inducements and amortizes them over the expected life of the policy using the same methodology, factors and assumptions used to amortize DAC. The Company records amortization of DSI in “Interest credited to policyholders’ account balances.” Unlike DAC, DSI are considered contractual cash flows and, as a result, are subject to periodic recoverability testing. See Note 6 for additional information regarding DSI.
Separate account assets and liabilities and Policyholders’ account balances	Separate account assets represents segregated funds that are invested for certain policyholders, and other customers. The assets consist primarily of equity securities, fixed maturities, real estate-related investments, real estate mortgage loans, short-term investments and derivative instruments and are reported at fair value. The assets of each account are legally segregated and are not subject to claims that arise out of any other business of the Company. 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. The investment income and realized investment gains or losses from separate account assets generally accrue to the policyholders and are not included in the Company’s results of operations. Mortality, policy administration and surrender charges assessed against the accounts are included in “Policy charges and fee income”. Asset administration fees charged to the accounts are included in “Asset administration fees”. Seed money that the Company invests in separate accounts is reported in the appropriate general account asset line. Investment income and realized investment gains or losses from seed money invested in separate accounts accrue to the Company and are included in the Company’s results of operations. See Note 7 for additional information regarding separate account arrangements with contractual guarantees. See also “Separate account liabilities ” below. Policyholders’ account balances liability represents the contract value that has accrued to the benefit of the policyholder as of the balance sheet date. This liability is primarily associated with the accumulated account deposits, plus interest credited, less policyholder withdrawals and other charges assessed against the account balance, as applicable. These policyholders’ account balances also include provision for benefits under non-life contingent payout annuities and certain unearned revenues. The unearned revenue liability represents policy charges for services to be provided in future periods. The charges are deferred as incurred and are generally amortized over the expected life of the contract using the same methodology, factors, and assumption used to amortize DAC. See Note 9 for additional information regarding policyholders’ account balances. Policyholders' account balances also include amounts representing the fair value of embedded derivative instruments associated with the index-linked feature of certain universal life and annuity products. For additional information regarding the valuation of these embedded derivatives, see Note 5. Separate account liabilities primarily represents the contractholders’ account balance in separate account assets and to a lesser extent borrowings of the separate account, and will be equal and offsetting to total separate account assets. See also “ Separate account assets” above.
Future policy benefits	Future policy benefits is primarily comprised of the present value of expected future payments to or on behalf of policyholders, where the timing and amount of payment depends on policyholder mortality or morbidity, less the present value of expected future net premiums (where net premiums are gross premiums multiplied by the Net-To-Gross ("NTG") ratio discussed below). The liability for future policy benefits is accrued over time as premium revenue is recognized. See Note 8 for additional information regarding future policy benefits. The reserving methodology used for non-participating traditional and limited-payment contracts include the following: • Cash Flow Assumptions . In measuring the liability for future policy benefits, the net premium valuation methodology is utilized. Under this methodology, a liability for future policy benefits is established using current best estimate insurance assumptions and interest rate assumptions locked-in at contract issuance date. The NTG ratio is calculated as the ratio of the present value of expected policy benefits and non-level claim settlement expenses divided by the present value of expected gross premiums. The NTG ratio is applied to gross premiums, as premium revenue is recognized, to determine net premiums. The liability is then determined as the present value of expected future policy benefits and non-level claim settlement expenses less the present value of expected future net premiums. For purposes of liability measurement, contracts are grouped into cohorts based primarily on issue year and major product line. The NTG ratio is generally updated quarterly for actual experience and annually for future cash flow assumption updates during the Company’s annual assumptions review process in the second quarter of each year unless a material change is observed in an interim period that is indicative of a long-term trend (see “ Annual Assumptions Review” below), and with the exception of claim settlement expense assumptions which the Company has made an entity-wide election to lock-in as of contract issuance. The NTG ratio is subject to a retrospective unlocking method whereby the Company updates its best estimate of cash flows expected over the life of the cohort using actual historical experience and updated future cash flow assumptions. These updated cash flows are used to calculate the revised NTG ratio, which is used to derive an updated liability for future policy benefits as of the beginning of the current reporting period, discounted at the original contract issuance discount rate. The updated liability for future policy benefit amount as of the beginning of the quarter is then compared to the carrying amount of the liability as of that same date, before the updates for actual experience or future cash flow assumptions, to determine the current period change in liability estimate. This current period change in the liability is the liability remeasurement gain or loss that is recorded through current period earnings in “Change in estimates of liability for future policy benefits.” In subsequent periods, the revised NTG ratio is used to measure the liability for future policy benefits, subject to future revisions. If a cohort is in a loss position where the liability for future policy benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for expected future policy benefits and non-level claim settlement expenses, the NTG ratio is capped at 100%. In these instances, all changes in expected benefits resulting from both actual experience deviations and changes in future assumptions are reflected immediately. While the liability for future policy benefits cannot be less than zero (i.e., a contra-liability) at the cohort level and thus the balance is floored at zero (i.e., “flooring”), the NTG ratio may be negative. This would be the case whereby conditions have improved such that the present value of future net premiums plus the existing liability for future policy benefits as of the valuation date exceed the present value of expected future policy benefits and non-level claim settlement expenses. In this case, the negative NTG ratio would be applied going forward to gross premiums received, effectively amortizing the gain into income and reducing the liability over time. In addition, for limited-payment contracts, the liability for future policy benefits also includes a Deferred Profit Liability representing gross premiums received in excess of net premiums and is generally recognized in revenue in a constant relationship with insurance in force for life contracts or with the amount of expected future benefit payments for annuity contracts. The DPL is subject to a retrospective unlocking adjustment consistent with the liability for future policy benefits discussed above. The DPL cannot be less than zero (i.e., a contra-liability) at the cohort level and thus the balance is floored at zero (i.e., “flooring”). For contracts issued prior to January 1, 2021, the modified retrospective transition method was used to transition to ASU 2018-12. Under this method, the transition date of January 1, 2021 serves as the new issue date of the contracts in force for purposes of retrospectively unlocking the NTG ratio and DPL as described above. • Discount Rate Assumption. The locked-in discount rate is generally based on expected investment returns at contract inception for contracts issued prior to January 1, 2021 and the upper medium grade fixed income corporate instrument yield (i.e., global single A) at contract inception for contracts issued after January 1, 2021. The discount rate in effect at contract inception is locked-in for the calculation of the NTG ratio and accretion of interest cost on the liability through net income. However, for balance sheet remeasurement purposes, the discount rate is updated using the current single A rate at each reporting period, with the effect on the liability resulting from such update recorded in “Interest rate remeasurement of future policy benefits" in OCI. The methodology used in constructing the single A discount rate curve for discounting cash flows used to calculate the liability for future policy benefits is intended to be reflective of the characteristics of the applicable insurance liabilities. The single A discount rate curve is developed by reference to upper medium grade (low credit risk) fixed income instrument yields that reflect the duration characteristics of the applicable insurance liabilities. The single A discount curve for the United States and foreign economies, such as Japan, with observable corporate A spreads, is developed using government bond rates, plus globally equivalent public corporate A spreads in the observable periods. The definition of upper medium grade is based on Moody’s definition which includes the spectrum of A (i.e., A- to A+). The rate used in foreign operations (with the exception of certain emerging markets, as discussed below) is based on the equivalent of a single A rate from a global rating agency for corporate bonds issued in the same currency and country in which the insurance contract is written. Liquidity is considered in defining the observable period and linear extrapolation is performed to the Company's ultimate long-term economic assumptions. See “Annual Assumptions Review” below for further discussion regarding the Company’s long-term economic assumption setting process. The Company’s liability for future policy benefits also includes net liabilities for guaranteed benefits related to certain long-duration life contracts, such as no-lapse guarantee contract features (AIR liability), for which a liability is established when associated assessments are recognized (which include investment margin on policyholders' account balances in the general account and all policy charges including charges for administration, mortality, expense, surrender, and other charges). This liability is established using current best estimate assumptions and is based on the ratio of the present value of total expected excess payments (i.e., payments in excess of account value) over the life of the contract divided by the present value of total expected assessments (i.e., benefit ratio). For universal life type contracts and participating contracts, the Company performs premium deficiency tests using best estimate assumptions as of the testing date. If the liabilities determined based on these best estimate assumptions are greater than the net reserves (i.e., GAAP reserves including URR, net of reinsurance and any DSI asset), the existing net reserves are adjusted by first reducing these assets by the amount of the deficiency or to zero through a charge to current period earnings. If the deficiency is more than these asset balances for insurance contracts, the net reserves are increased by the excess through a charge to current period earnings included in "policyholders' benefits". Since investment yields are used as the discount rate, the premium deficiency test is also performed using a discount rate based on the market yield (i.e., assuming what would be the impact if any unrealized gains (losses) were realized as of the testing date). In the event that by using the market yield a deficiency occurs, an adjustment is established for the deficiency and is included in AOCI. In certain instances, for universal life type contracts and participating contracts, the policyholder liability for a particular line of business may not be deficient in the aggregate to trigger loss recognition, but the pattern of earnings may be such that profits are expected to be recognized in earlier years followed by losses in later years. In these situations, accounting standards require that an additional liability (Profits Followed by Losses or “PFL” liability) be recognized by an amount necessary to sufficiently offset the losses that would be recognized in later years. Historically, PFL liabilities have been predominantly associated with certain universal life contracts that measure GAAP reserves using a dynamic approach, and accordingly, are updated each quarter, using current in force and market data, and as part of the annual assumption update, such that the liability as of each measurement date represents the Company's current estimate of the present value of the amount necessary to offset anticipated future losses.
Insurance Revenue And Expense Recognition	Insurance Revenue and Expense Recognition Premiums from individual life products, other than universal and variable life contracts, are recognized when due. When premiums are due over a significantly shorter period than the period over which benefits are provided, any gross premium in excess of the net premium (i.e., the portion of the gross premium required to provide for all expected future benefits and expenses) is generally deferred and recognized into revenue in a constant relationship to insurance in force. Benefits are recorded as an expense when they are incurred. A liability for future policy benefits is recorded when premiums are recognized using the net level premium valuation methodology. Premiums from single premium immediate annuities with life contingencies are recognized when due. When premiums are due over a significantly shorter period than the period over which benefits are provided, any gross premium in excess of the net premium is generally deferred and recognized into revenue based on expected future benefit payments. Benefits are recorded as an expense when they are incurred. A liability for future policy benefits is recorded when premiums are recognized using the net level premium valuation methodology. Certain individual annuity contracts provide the contractholder a guarantee that the benefit received upon death or annuitization will be no less than a minimum prescribed amount. These benefits are generally accounted for as market risk benefits (see “ Market risk benefits ” above). Amounts received as payment for universal or variable individual life contracts, deferred fixed or variable annuities and other contracts without life contingencies are reported as deposits to “Policyholders’ account balances” and/or “Separate account liabilities.” Revenues from these contracts are reflected in “Policy charges and fee income” consisting primarily of fees assessed during the period against the policyholders’ account balances for mortality and other benefit charges, policy administration charges and surrender charges. In addition to fees, the Company earns investment income from the investment of deposits in the Company’s general account portfolio. Fees assessed that represent compensation to the Company for services to be provided in future periods and certain other fees are generally deferred and amortized into revenue over the life of the related contracts using the same methodology, factors, and assumption used to amortize DAC as described above. Benefits and expenses for these products include claims in excess of related account balances, expenses of contract administration, interest credited to policyholders’ account balances and amortization of DAC and DSI. Policyholders’ account balances also includes amounts representing the fair value of embedded derivative instruments associated with the index-linked features of certain universal life and annuity products where changes in the value of the embedded derivatives are recorded through "Realized investment gains (losses), net". For additional information regarding the valuation of these embedded derivatives, see Note 5.

Business and Basis of Present_2

Business and Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2023
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred Policy Acquisition Costs	The following tables show a rollforward for the lines of business that contain DAC balances, along with a reconciliation to the Company's total DAC balance: March 31, 2023 Fixed Annuities Variable Annuities Term Life Variable / Universal Life Total (in thousands) Balance, beginning of period $ 102,250 $ 3,736,456 $ 648,836 $ 2,442,883 $ 6,930,425 Capitalization 22,902 56,875 33,006 133,955 246,738 Amortization expense (4,474) (87,864) (15,304) (29,904) (137,546) Other 0 0 0 52 52 Balance, end of period $ 120,678 $ 3,705,467 $ 666,538 $ 2,546,986 $ 7,039,669 March 31, 2022 Fixed Annuities Variable Annuities Term Life Variable / Universal Life Total (in thousands) Balance, beginning of period $ 84,479 $ 3,806,733 $ 577,084 $ 2,561,011 $ 7,029,307 Capitalization 746 77,128 33,626 134,889 246,389 Amortization expense (3,191) (84,575) (11,432) (25,877) (125,075) Other(1) 0 0 0 (541,408) (541,408) Balance, end of period $ 82,034 $ 3,799,286 $ 599,278 $ 2,128,615 $ 6,609,213 (1) Other includes the impact of the reinsurance agreement with Lotus Re.
Liability for Future Policy Benefit (DRL, DRG, Benefit Reserves, DPL, and Additional Insurance Reserves)	The balances of and changes in Benefit Reserves as of and for the periods indicated consist of the three tables presented below: Present Value of Expected Net Premiums rollforward, Present Value of Expected Future Policy Benefits rollforward, and Net Liability for Future Policy Benefits. March 31, 2023 Present Value of Expected Net Premiums Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 10,911,794 $ 0 $ 10,911,794 Effect of cumulative changes in discount rate assumptions, beginning of period 554,896 0 554,896 Balance at original discount rate, beginning of period 11,466,690 0 11,466,690 Effect of actual variances from expected experience and other activity (4,111) (599) (4,710) Adjusted balance, beginning of period 11,462,579 (599) 11,461,980 Issuances 132,627 9,560 142,187 Net premiums / considerations collected (338,534) (8,961) (347,495) Interest accrual 131,333 0 131,333 Balance at original discount rate, end of period 11,388,005 0 11,388,005 Effect of cumulative changes in discount rate assumptions, end of period (312,681) 0 (312,681) Balance, end of period $ 11,075,324 $ 0 $ 11,075,324 March 31, 2023 Present Value of Expected Future Policy Benefits Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 17,835,251 $ 204,727 $ 18,039,978 Effect of cumulative changes in discount rate assumptions, beginning of period 962,034 24,876 986,910 Balance at original discount rate, beginning of period 18,797,285 229,603 19,026,888 Effect of actual variances from expected experience (13,802) 1,427 (12,375) Adjusted balance, beginning of period 18,783,483 231,030 19,014,513 Issuances 132,627 9,560 142,187 Interest accrual 223,841 2,137 225,978 Benefit payments (378,918) (7,418) (386,336) Other adjustments 1,278 (41) 1,237 Balance at original discount rate, end of period 18,762,311 235,268 18,997,579 Effect of cumulative changes in discount rate assumptions, end of period (474,265) (19,786) (494,051) Balance, end of period $ 18,288,046 $ 215,482 $ 18,503,528 Other, end of period 2,055 Total balance, end of period $ 18,505,583 March 31, 2023 Net Liability for Future Policy Benefits (Benefit Reserves) Term Life Fixed Annuities Total (in thousands) Balance, end of period, pre-flooring $ 7,212,722 $ 215,482 $ 7,428,204 Flooring impact, end of period 0 0 0 Balance, end of period, post-flooring 7,212,722 215,482 7,428,204 Less: Reinsurance recoverable 6,719,094 17,336 6,736,430 Balance after reinsurance recoverable, end of period, post-flooring $ 493,628 $ 198,146 $ 691,774 March 31, 2022 Present Value of Expected Net Premiums Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 12,485,056 $ 0 $ 12,485,056 Effect of cumulative changes in discount rate assumptions, beginning of period (1,826,120) 0 (1,826,120) Balance at original discount rate, beginning of period 10,658,936 0 10,658,936 Effect of actual variances from expected experience and other activity 61,204 0 61,204 Adjusted balance, beginning of period 10,720,140 0 10,720,140 Issuances 136,282 9,878 146,160 Net premiums / considerations collected (305,425) (9,878) (315,303) Interest accrual 121,816 0 121,816 Balance at original discount rate, end of period 10,672,813 0 10,672,813 Effect of cumulative changes in discount rate assumptions, end of period 851,339 0 851,339 Balance, end of period $ 11,524,152 $ 0 $ 11,524,152 March 31, 2022 Present Value of Expected Future Policy Benefits Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 20,937,097 $ 237,065 $ 21,174,162 Effect of cumulative changes in discount rate assumptions, beginning of period (3,607,275) (16,704) (3,623,979) Balance at original discount rate, beginning of period 17,329,822 220,361 17,550,183 Effect of actual variances from expected experience 74,360 1,276 75,636 Adjusted balance, beginning of period 17,404,182 221,637 17,625,819 Issuances 136,282 9,878 146,160 Interest accrual 207,753 1,878 209,631 Benefit payments (389,597) (6,719) (396,316) Other adjustments 592 (285) 307 Balance at original discount rate, end of period 17,359,212 226,389 17,585,601 Effect of cumulative changes in discount rate assumptions, end of period 1,780,585 (2,220) 1,778,365 Balance, end of period $ 19,139,797 $ 224,169 $ 19,363,966 Other, end of period 2,683 Total balance, end of period $ 19,366,649 March 31, 2022 Net Liability for Future Policy Benefits (Benefit Reserves) Term Life Fixed Annuities Total (in thousands) Balance, end of period, pre-flooring $ 7,615,645 $ 224,169 $ 7,839,814 Flooring impact, end of period 6,056 0 6,056 Balance, end of period, post-flooring 7,621,701 224,169 7,845,870 Less: Reinsurance recoverable 7,101,936 17,807 7,119,743 Balance after reinsurance recoverable, end of period, post-flooring $ 519,765 $ 206,362 $ 726,127 The following tables provide supplemental information related to the balances of and changes in Benefit Reserves included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the periods indicated: March 31, 2023 Term Life Fixed Annuities (in thousands) Undiscounted expected future gross premiums $ 22,077,087 $ 0 Discounted expected future gross premiums (at original discount rate) $ 15,222,212 $ 0 Discounted expected future gross premiums (at current discount rate) $ 14,816,791 $ 0 Undiscounted expected future benefits and expenses $ 29,198,512 $ 316,153 Interest accrual $ 92,508 $ 2,137 Gross premiums $ 449,968 $ 10,891 Weighted-average duration of the liability in years (at original discount rate) 10 7 Weighted-average duration of the liability in years (at current discount rate) 10 6 Weighted-average interest rate (at original discount rate) 5.21 % 3.69 % Weighted-average interest rate (at current discount rate) 5.05 % 5.01 % March 31, 2022 Term Life Fixed Annuities (in thousands) Undiscounted expected future gross premiums $ 23,867,541 $ 0 Discounted expected future gross premiums (at original discount rate) $ 16,203,391 $ 0 Discounted expected future gross premiums (at current discount rate) $ 17,567,255 $ 0 Undiscounted expected future benefits and expenses $ 27,031,304 $ 298,888 Interest accrual $ 85,937 $ 1,878 Gross premiums $ 462,094 $ 11,819 Weighted-average duration of the liability in years (at original discount rate) 10 7 Weighted-average duration of the liability in years (at current discount rate) 10 7 Weighted-average interest rate (at original discount rate) 5.27 % 3.37 % Weighted-average interest rate (at current discount rate) 3.54 % 3.50 % The balances of and changes in Deferred Profit Liability as of and for the periods indicated are as follows: March 31, 2023 March 31, 2022 Fixed Annuities (in thousands) Balance, beginning of period $ 18,193 $ 15,765 Effect of actual variances from expected experience (951) (1,083) Adjusted balance, beginning of period 17,242 14,682 Profits deferred 1,856 1,889 Interest accrual 182 131 Amortization (541) (466) Other adjustments (8) (25) Balance, end of period 18,731 16,211 Less: Reinsurance recoverable 1,545 1,829 Balance after reinsurance recoverable $ 17,186 $ 14,382 The following table provides supplemental information related to the balances of and changes in Deferred Profit Liability, included in the disaggregated table above, on a gross (direct and assumed) basis, as of and for the period indicated: March 31, 2023 March 31, 2022 Fixed Annuities (in thousands) Revenue(1) $ (539) $ (445) Interest accrual 182 131 (1) Represents the gross premiums collected in changes in deferred profit liability. The following table shows a rollforward of AIR balances for variable and universal life products for the periods indicated: March 31, 2023 March 31, 2022 (in thousands) Balance, including amounts in AOCI, beginning of period, post-flooring $ 12,664,445 $ 11,660,527 Flooring impact and amounts in AOCI 1,269,237 (896,930) Balance, excluding amounts in AOCI, beginning of period, pre-flooring 13,933,682 10,763,597 Effect of actual variances from expected experience and other activity (32,188) (42,272) Adjusted balance, beginning of period 13,901,494 10,721,325 Assessments collected(1) 267,869 233,679 Interest accrual 117,307 91,563 Benefits paid (71,551) (52,630) Balance, excluding amounts in AOCI, end of period, pre-flooring 14,215,119 10,993,937 Flooring impact and amounts in AOCI (962,417) 127,552 Balance, including amounts in AOCI, end of period, post-flooring 13,252,702 11,121,489 Less: Reinsurance recoverable 13,029,847 10,902,945 Balance after reinsurance recoverable, including amounts in AOCI, end of period $ 222,855 $ 218,544 (1) Represents the portion of gross assessments required to fund the future policy benefits. March 31, 2023 March 31, 2022 (in thousands) Interest accrual $ 117,307 $ 91,563 Gross assessments $ 427,489 $ 373,710 Weighted-average duration of the liability in years (at original discount rate) 22 22 Weighted-average interest rate (at original discount rate) 3.38 % 3.36 % The following table presents the reconciliation of the ending balances from the above rollforwards, Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability including other liabilities, gross of related reinsurance recoverables, to the total liability for Future Policy Benefits as reported on the Company's Unaudited Interim Consolidated Statements of Financial Position as of the periods indicated: March 31, 2023 March 31, 2022 (in thousands) Benefit reserves, end of period, post-flooring $ 7,428,204 $ 7,845,870 Additional insurance reserves, including amounts in AOCI, end of period, post-flooring 13,252,702 11,121,489 Deferred profit liability, end of period, post-flooring 18,731 16,211 Subtotal of amounts disclosed above 20,699,637 18,983,570 Other Future policy benefits reserves(1) 1,059,906 1,124,291 Total Future policy benefits $ 21,759,543 $ 20,107,861 (1) Represents balances for which disaggregated rollforward disclosures are not required, including unpaid claims and claims expenses, and incurred but not reported and in course of settlement claim liabilities. The following tables present revenue and interest expense related to Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability, as well as related revenue and interest expense not presented in the above supplemental tables, in the Company's Consolidated Statement of Operations for the periods indicated: March 31, 2023 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 449,968 $ 0 $ 10,891 $ 460,859 Additional insurance reserves 0 427,489 0 427,489 Deferred profit liability 0 0 (539) (539) Total $ 449,968 $ 427,489 $ 10,352 $ 887,809 March 31, 2022 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 462,094 $ 0 $ 11,819 $ 473,913 Additional insurance reserves 0 373,710 0 373,710 Deferred profit liability 0 0 (445) (445) Total $ 462,094 $ 373,710 $ 11,374 $ 847,178 (1) Represents "Gross premiums" for benefit reserves; "Gross assessments" for additional insurance reserves; and "Revenue" for deferred profit liability. March 31, 2023 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 92,508 $ 0 $ 2,137 $ 94,645 Additional insurance reserves 0 117,307 0 117,307 Deferred profit liability 0 0 182 182 Total $ 92,508 $ 117,307 $ 2,319 $ 212,134 March 31, 2022 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 85,937 $ 0 $ 1,878 $ 87,815 Additional insurance reserves 0 91,563 0 91,563 Deferred profit liability 0 0 131 131 Total $ 85,937 $ 91,563 $ 2,009 $ 179,509
Additional Liability, Long-Duration Insurance (URR and Cost of Reinsurance)	The balance of the changes in URR are as follows: March 31, 2023 Variable Life / Universal Life (in thousands) Balance, beginning of period $ 3,067,335 Unearned revenue 200,262 Amortization expense (32,752) Other adjustments (90) Balance, end of period $ 3,234,755 Reinsurance recoverables 1,583,054 Unearned revenue reserve net of reinsurance recoverables $ 1,651,701 March 31, 2022 Variable Life / Universal Life (in thousands) Balance, beginning of period $ 2,398,788 Unearned revenue 195,794 Amortization expense (32,330) Balance, end of period $ 2,562,252 Reinsurance recoverables 1,401,741 Unearned revenue reserve net of reinsurance recoverables $ 1,160,511
Market Risk Benefits	The following tables show a rollforward of MRB balances for variable annuity products, along with a reconciliation to the Company’s total net MRB positions as of the following dates: March 31, 2023 Variable Annuities Less: Reinsured Market Risk Benefits Total, Net of Reinsurance (in thousands) Balance, beginning of period $ 4,550,625 $ (422,261) $ 4,128,364 Effect of cumulative changes in non-performance risk 1,727,910 0 1,727,910 Balance, beginning of period, before effect of changes in non-performance risk 6,278,535 (422,261) 5,856,274 Attributed fees collected 293,206 (34,490) 258,716 Claims paid (23,881) 1,653 (22,228) Interest accrual 78,947 (2,290) 76,657 Actual in force different from expected 19,425 (2,389) 17,036 Effect of changes in interest rates 438,057 (49,031) 389,026 Effect of changes in equity markets (635,535) 66,494 (569,041) Effect of changes in current period counterparty non-performance risk 0 18,297 18,297 Other adjustments 77,790 0 77,790 Balance, end of period, before effect of changes in non-performance risk 6,526,544 (424,017) 6,102,527 Effect of cumulative changes in non-performance risk (1,908,334) 0 (1,908,334) Balance, end of period $ 4,618,210 $ (424,017) $ 4,194,193 March 31, 2022 Variable Annuities Less: Reinsured Market Risk Benefits Total, Net of Reinsurance (in thousands) Balance, beginning of period $ 8,884,362 $ (906,484) $ 7,977,878 Effect of cumulative changes in non-performance risk 287,605 0 287,605 Balance, beginning of period, before effect of changes in non-performance risk 9,171,967 (906,484) 8,265,483 Attributed fees collected 336,535 (39,403) 297,132 Claims paid (6,504) 38 (6,466) Interest accrual 6,079 (607) 5,472 Actual in force different from expected 12,607 (2,225) 10,382 Effect of changes in interest rates (2,352,119) 244,066 (2,108,053) Effect of changes in equity markets 841,445 (86,467) 754,978 Effect of changes in current period counterparty non-performance risk 0 112,030 112,030 Balance, end of period, before effect of changes in non-performance risk 8,010,010 (679,052) 7,330,958 Effect of cumulative changes in non-performance risk (1,189,657) 0 (1,189,657) Balance, end of period $ 6,820,353 $ (679,052) $ 6,141,301 The following table presents accompanying information to the rollforward table above. See Note 9 for information on "Net amount at risk". March 31, 2023 March 31, 2022 Variable Annuities ($ in thousands) Net amount at risk $ 10,414,217 $ 4,557,413 Weighted-average attained age of contractholders 69 67 The table below reconciles MRB asset and liability positions as of the following dates: March 31, 2023 March 31, 2022 Variable Annuities (in thousands) Market risk benefit assets $ 1,427,488 $ 1,579,370 Market risk benefit liabilities 5,621,681 7,720,671 Net liability $ 4,194,193 $ 6,141,301
Transition adjustment from the adoption of ASU 2018-12
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounting Standards of New Guidance on Financial Statements	December 31, 2022 IMPACTED LINES ONLY As Previously Reported Effect of As Currently Reported (in thousands) Deferred policy acquisition costs $ 6,616,097 $ 314,328 $ 6,930,425 Reinsurance recoverables 34,561,825 2,534,737 37,096,562 Deferred sales inducements 275,574 105,930 381,504 Income tax assets 1,873,740 (178,989) 1,694,751 Market risk benefit assets 0 1,393,237 1,393,237 Other assets 1,327,393 4,034 1,331,427 TOTAL ASSETS $ 189,299,841 $ 4,173,277 $ 193,473,118 Policyholders’ account balances $ 41,748,241 $ 164,295 $ 41,912,536 Future policy benefits 23,204,533 (2,375,500) 20,829,033 Market risk benefit liabilities 0 5,521,601 5,521,601 Other liabilities 3,407,156 190,217 3,597,373 Total liabilities 184,936,310 3,500,613 188,436,923 Retained earnings / (accumulated deficit) (95,583) (898,571) (994,154) Accumulated other comprehensive income (loss) (1,581,300) 1,571,235 (10,065) Total equity 4,363,531 672,664 5,036,195 TOTAL LIABILITIES AND EQUITY $ 189,299,841 $ 4,173,277 $ 193,473,118 Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss): Three Months Ended March 31, 2022 IMPACTED LINES ONLY As Previously Reported Effect of Change As Currently Reported (in thousands) REVENUES Premiums $ 74,245 $ (4,740) $ 69,505 Policy charges and fee income 191,562 (102,382) 89,180 Other income (loss) (327,604) 521 (327,083) Realized investment gains (losses), net 784,107 (430,826) 353,281 Change in value of market risk benefits, net of related hedging gain (loss) 0 (437,868) (437,868) TOTAL REVENUES 980,842 (975,295) 5,547 BENEFITS AND EXPENSES Policyholders’ benefits 219,764 (34,355) 185,409 Change in estimates of liability for future policy benefits 0 (2,847) (2,847) Interest credited to policyholders’ account balances 163,526 (51,507) 112,019 Amortization of deferred policy acquisition costs 359,547 (234,472) 125,075 General, administrative and other expenses 267,697 (747) 266,950 TOTAL BENEFITS AND EXPENSES 1,010,534 (323,928) 686,606 INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE (29,692) (651,367) (681,059) Income tax expense (benefit) (4,701) (194,147) (198,848) INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE (24,991) (457,220) (482,211) NET INCOME (LOSS) $ (24,987) $ (457,220) $ (482,207) Other comprehensive income (loss), before tax: Net unrealized investment gains (losses) (1,015,998) 81,475 (934,523) Interest rate remeasurement of future policy benefits 0 118,713 118,713 Gain (loss) from changes in non-performance risk on market risk benefits 0 902,052 902,052 Total (1,017,668) 1,102,240 84,572 Less: Income tax expense (benefit) related to other comprehensive income (loss) (213,458) 231,471 18,013 Other comprehensive income (loss), net of taxes (804,210) 870,769 66,559 Comprehensive income (loss) $ (829,197) $ 413,549 $ (415,648) Unaudited Interim Consolidated Statements of Cash Flows: Three Months Ended March 31, 2022 IMPACTED LINES ONLY As Previously Reported Effect of As Currently Reported (in thousands) CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) $ (24,987) $ (457,220) $ (482,207) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Policy charges and fee income (21,815) 61,782 39,967 Interest credited to policyholders’ account balances 163,526 (51,507) 112,019 Realized investment (gains) losses, net (784,107) 430,826 (353,281) Change in value of market risk benefits, net of related hedging (gains) losses 0 437,868 437,868 Change in: Future policy benefits and other insurance liabilities 429,299 (6,724) 422,575 Reinsurance recoverables 61,230 66,946 128,176 Deferred policy acquisition costs 113,058 (234,149) (121,091) Income taxes (78,724) (196,328) (275,052) Other, net(1) 1,093,590 (51,494) 1,042,096 Cash flows from (used in) operating activities $ (5,902) $ 0 $ (5,902) (1) Prior period has been reclassified to conform to the current period presentation. The following tables detail the January 1, 2021 transition adjustments by providing a rollforward of the ending reported balances as of December 31, 2020 to the opening balances as of January 1, 2021 for retained earnings, accumulated other comprehensive income (“AOCI”) and the impacted insurance-related balances. January 1, 2021 Retained Earnings (in thousands) Balance after-tax, prior to transition $ 1,772,398 Reclassification of market risk benefits non-performance risk to accumulated other comprehensive income(1) (722,837) Updates to certain universal life contract liabilities(2) (116,120) Other(3) 72,950 Total pre-tax adjustments (766,007) Tax impacts 160,861 Balance after-tax, after transition $ 1,167,252 (1) Reflects the cumulative impact of changes in the fair value of market risk benefits (“MRB”) non-performance risk (“NPR”) from the date of contract issuance to January 1, 2021. These amounts were previously recorded in retained earnings but are now reflected in AOCI under the new guidance. (2) Reflects the impact on additional insurance reserves ("AIR") and other related balances primarily related to the no-lapse guarantee features on certain universal life contracts. For additional information, see Note 2. (3) Primarily reflects the reassessment of deferred reinsurance gains ("DRG") and losses ("DRL"). January 1, 2021 Accumulated Other Comprehensive Income (in thousands) Balance after-tax, prior to transition $ 546,128 Interest rate remeasurement of future policy benefits (196,526) Reclassification of market risk benefits non-performance risk to accumulated other comprehensive income(1) 722,837 Unwinding amounts related to unrealized investment gains and losses(2) (102,042) Change in operating joint ventures (753) Total pre-tax adjustments 423,516 Tax impacts (89,096) Balance after-tax, after transition $ 880,548 (1) Reflects the cumulative impact of changes in NPR on the fair value of market risk benefits from the date of contract issuance to January 1, 2021. These amounts were previously recorded in retained earnings but are now reflected in AOCI under the new guidance. (2) Primarily reflects amounts related to DAC and other balances as unrealized investment gains or losses no longer impact the amortization pattern of such balances under the new guidance. Also includes the impacts from updates to reserves and other related balances for certain universal life contracts. For additional information, see Note 2.
Deferred Policy Acquisition Costs	January 1, 2021 Deferred Policy Acquisition Costs Term Life Variable/Universal Life Total (in thousands) Balance prior to transition $ 462,098 $ 1,971,838 $ 2,433,936 Unwinding amounts related to unrealized investment gains and losses 0 74,702 74,702 Other(1) 1 (15,557) (15,556) Balance after transition $ 462,099 $ 2,030,983 $ 2,493,082 (1) Represents miscellaneous model refinements.
Liability for Future Policy Benefit (DRL, DRG, Benefit Reserves, DPL, and Additional Insurance Reserves)	January 1, 2021 Deferred Reinsurance Losses(1) Variable Annuities Term Life Variable/Universal Life Total (in thousands) Balance prior to transition $ 118,579 $ 87,932 $ 27,167 $ 233,678 Unwinding amounts related to unrealized investment gains and losses 14,804 0 0 14,804 Effect of change in reserve basis to market risk benefits 141,032 0 0 141,032 Effect of change in SOP 03-1 reserve basis 0 0 (27,167) (27,167) Balance after transition $ 274,415 $ 87,932 $ 0 $ 362,347 (1) Deferred reinsurance losses are included in “Other assets”. January 1, 2021 Deferred Reinsurance Gains(1) Variable/Universal Life (in thousands) Balance prior to transition $ 134,213 Effect of change in SOP 03-1 reserve basis 40,046 Balance after transition $ 174,259 (1) Deferred reinsurance gains are included in “Other liabilities”. January 1, 2021 Benefit Reserves(1) Term Life Life Insurance - Taiwan Other(2) Total (in thousands) Balance prior to transition $ 6,674,490 $ 1,592,329 $ 219,744 $ 8,486,563 Changes in cash flow assumptions and other activity (259) 43,233 (7,283) 35,691 Balance after transition, at original discount rate 6,674,231 1,635,562 212,461 8,522,254 Cumulative changes in discount rate assumptions 2,432,010 3,316,991 27,818 5,776,819 Balance after transition, at current discount rate 9,106,241 4,952,553 240,279 14,299,073 Less: Reinsurance recoverable 8,536,200 4,952,553 239,874 13,728,627 Balance after transition, net of reinsurance recoverable $ 570,041 $ 0 $ 405 $ 570,446 (1) Benefit reserves, excluding amounts for reinsurance recoverable, are included in "Future policy benefits". For additional information on the liability for future policy benefits, see Note 8. (2) Other includes fixed annuities and retirement products. January 1, 2021 Deferred Profit Liability(1) Life Insurance - Taiwan Other(2) Total (in thousands) Balance prior to transition $ 49,127 $ 1,689 $ 50,816 Changes in benefit reserves (6,671) 8,521 1,850 Balance after transition 42,456 10,210 52,666 Less: Reinsurance recoverable 42,456 10,210 52,666 Balance after transition, net of reinsurance recoverable $ 0 $ 0 $ 0 (1) Deferred profit liability ("DPL"), excluding amounts for reinsurance recoverable, is included in "Future policy benefits". For additional information regarding the liability for future policy benefits, see Note 8. (2) Other includes fixed annuities and retirement products. January 1, 2021 Additional Insurance Reserves(1) Variable/Universal Life Variable Annuities Total (in thousands) Balance prior to transition $ 9,363,585 $ 588,311 $ 9,951,896 Unwinding amounts related to unrealized investment gains and losses (1,426,811) (53,889) (1,480,700) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 7,936,774 534,422 8,471,196 Reclassification of future policy benefits additional insurance reserves to market risk benefits 0 (534,422) (534,422) Updates to certain universal life contract liabilities(2) 1,771,341 0 1,771,341 Balance after transition, excluding amounts related to unrealized investment gains and losses 9,708,115 0 9,708,115 Amounts related to unrealized investment gains and losses after transition 1,169,972 0 1,169,972 Balance after transition 10,878,087 0 10,878,087 Less: Reinsurance recoverable 10,685,150 0 10,685,150 Balance after transition, net of reinsurance recoverable $ 192,937 $ 0 $ 192,937 (1) Additional insurance reserves ("AIR"), excluding amounts for reinsurance recoverable, are included in "Future policy benefits". For additional information regarding the liability for future policy benefits, see Note 8. (2) For additional information regarding updates to reserves and other related balances for certain universal life contracts, see Note 2.
Additional Liability, Long-Duration Insurance (URR and Cost of Reinsurance)	January 1, 2021 Unearned Revenue Reserves(1) Variable/Universal Life (in thousands) Balance prior to transition $ 1,377,669 Unwinding amounts related to unrealized investment gains and losses and other activity 367,599 Balance after transition 1,745,268 Less: Reinsurance recoverable 751,517 Balance after transition, net of reinsurance recoverable $ 993,751 (1) Unearned revenue reserves ("URR") are included in "Policyholders' account balances". For additional information regarding the liability for policyholders' account balances, see Note 9. January 1, 2021 Cost of Reinsurance(1) Variable/Universal Life (in thousands) Balance prior to transition $ 602,294 Unwinding amounts related to unrealized investment gains and losses (246,899) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 355,395 Impact from updates to certain universal life contract liabilities(2) 81,920 Balance after transition, excluding amounts related to unrealized investment gains and losses 437,315 Amounts related to unrealized investment gains and losses after transition 191,098 Balance after transition $ 628,413 (1) Cost of reinsurance is included in "Other liabilities". (2) For additional information regarding updates to reserves and other related balances for certain universal life contracts, see Note 2.
Market Risk Benefits	January 1, 2021 Market Risk Benefits(1) Variable Annuities (in thousands) Liability for guaranteed benefits recorded at fair value, prior to transition $ 13,227,814 Additional insurance reserves to be reclassed to market risk benefits, prior to transition, excluding amounts related to unrealized investment gains and losses 534,422 Total liability prior to transition 13,762,236 Change in reserve basis to market risk benefits framework (184,693) Market risk benefits after transition, at current non-performance risk value 13,577,543 Less: Reinsured market risk benefits 13,589,575 Market risk benefits after transition, net of reinsurance (12,032) Market risk benefits after transition, at contract inception non-performance risk value 14,300,380 Cumulative change in non-performance risk 722,837 Market risk benefits after transition, at current non-performance risk value $ 13,577,543 (1) For additional information regarding market risk benefits, see Note 10.

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2023
Investments [Abstract]
Fixed Maturities, Available-for-sale Securities	The following tables set forth the composition of fixed maturity securities (excluding investments classified as trading), as of the dates indicated: March 31, 2023 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 $ 393,303 $ 1,431 $ 60,356 $ 0 $ 334,378 Obligations of U.S. states and their political subdivisions 667,170 6,379 21,034 0 652,515 Foreign government bonds 336,462 1,465 53,779 0 284,148 U.S. public corporate securities 8,853,155 57,490 828,895 1,333 8,080,417 U.S. private corporate securities 4,223,059 22,143 273,159 2,366 3,969,677 Foreign public corporate securities 1,713,147 4,616 144,369 21 1,573,373 Foreign private corporate securities 4,330,680 52,856 492,024 0 3,891,512 Asset-backed securities(1) 1,612,625 10,641 24,991 0 1,598,275 Commercial mortgage-backed securities 852,719 135 71,582 0 781,272 Residential mortgage-backed securities(2) 412,511 5,520 7,240 7 410,784 Total fixed maturities, available-for-sale $ 23,394,831 $ 162,676 $ 1,977,429 $ 3,727 $ 21,576,351 (1) Includes credit-tranched securities collateralized by loan obligations, auto loans, education loans and credit cards. (2) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. December 31, 2022 Amortized Gross Gross Allowance for Credit Losses Fair (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 354,348 $ 300 $ 72,856 $ 0 $ 281,792 Obligations of U.S. states and their political subdivisions 654,884 4,275 30,959 0 628,200 Foreign government bonds 330,967 1,140 58,640 5 273,462 U.S. public corporate securities 7,414,790 21,299 992,145 0 6,443,944 U.S. private corporate securities 4,140,734 13,071 335,205 1,871 3,816,729 Foreign public corporate securities 1,539,172 2,455 163,384 21 1,378,222 Foreign private corporate securities 4,338,585 19,761 589,153 2,863 3,766,330 Asset-backed securities(1) 1,467,955 6,976 32,577 0 1,442,354 Commercial mortgage-backed securities 727,159 94 69,101 0 658,152 Residential mortgage-backed securities(2) 342,493 3,211 9,479 9 336,216 Total fixed maturities, available-for-sale $ 21,311,087 $ 72,582 $ 2,353,499 $ 4,769 $ 19,025,401 (1) Includes credit-tranched securities collateralized by loan obligations, education loans, auto loans and home equity. (2) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations.
Duration Of Gross Unrealized Losses On Fixed Maturity Securities	The following tables set forth the fair value and gross unrealized losses on available-for-sale fixed maturity securities without an allowance for credit losses aggregated by investment category and length of time that individual fixed maturity securities had been in a continuous unrealized loss position, as of the dates indicated: March 31, 2023 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 $ 1,261 $ 47 $ 226,808 $ 60,309 $ 228,069 $ 60,356 Obligations of U.S. states and their political subdivisions 177,246 3,715 131,870 17,319 309,116 21,034 Foreign government bonds 51,873 2,735 204,214 51,044 256,087 53,779 U.S. public corporate securities 2,412,858 79,317 3,476,659 749,576 5,889,517 828,893 U.S. private corporate securities 1,626,805 66,067 1,568,743 207,075 3,195,548 273,142 Foreign public corporate securities 440,424 8,543 786,528 135,797 1,226,952 144,340 Foreign private corporate securities 643,840 31,960 2,170,834 460,064 2,814,674 492,024 Asset-backed securities 292,413 1,821 578,545 23,170 870,958 24,991 Commercial mortgage-backed securities 319,058 20,512 382,225 51,070 701,283 71,582 Residential mortgage-backed securities 138,586 4,327 23,119 2,913 161,705 7,240 Total fixed maturities, available-for-sale $ 6,104,364 $ 219,044 $ 9,549,545 $ 1,758,337 $ 15,653,909 $ 1,977,381 December 31, 2022 Less Than Twelve Months Twelve Months or More Total Fair Value Gross Fair Value Gross Fair Value Gross (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of $ 212,991 $ 46,928 $ 62,630 $ 25,928 $ 275,621 $ 72,856 Obligations of U.S. states and their political subdivisions 307,734 16,851 61,915 14,108 369,649 30,959 Foreign government bonds 139,577 19,435 111,371 39,205 250,948 58,640 U.S. public corporate securities 3,873,275 389,937 1,979,725 602,208 5,853,000 992,145 U.S. private corporate securities 2,506,932 157,853 948,686 177,352 3,455,618 335,205 Foreign public corporate securities 548,083 40,508 596,437 122,856 1,144,520 163,364 Foreign private corporate securities 1,772,413 199,124 1,479,608 390,029 3,252,021 589,153 Asset-backed securities 625,710 15,146 289,581 17,431 915,291 32,577 Commercial mortgage-backed securities 459,186 30,408 176,349 38,693 635,535 69,101 Residential mortgage-backed securities 129,721 9,220 1,294 259 131,015 9,479 Total fixed maturities, available-for-sale $ 10,575,622 $ 925,410 $ 5,707,596 $ 1,428,069 $ 16,283,218 $ 2,353,479
Fixed Maturities Classified by Contractual Maturity Date	The following table sets forth the amortized cost and fair value of fixed maturities by contractual maturities, as of the date indicated: March 31, 2023 Amortized Cost Fair Value (in thousands) Fixed maturities, available-for-sale: Due in one year or less $ 870,760 $ 849,831 Due after one year through five years 7,032,893 6,696,100 Due after five years through ten years 5,691,131 5,254,702 Due after ten years 6,922,192 5,985,387 Asset-backed securities 1,612,625 1,598,275 Commercial mortgage-backed securities 852,719 781,272 Residential mortgage-backed securities 412,511 410,784 Total fixed maturities, available-for-sale $ 23,394,831 $ 21,576,351
Sources of Fixed Maturity Proceeds, Realized Investment Gains (Losses), and Losses on Impairments	The following table sets forth the sources of fixed maturity proceeds and related investment gains (losses), as well as losses on write-downs and the allowance for credit losses of fixed maturities, for the periods indicated: Three Months Ended March 31, 2023 2022 (in thousands) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 60,373 $ 274,429 Proceeds from maturities/prepayments 295,128 120,361 Gross investment gains from sales and maturities 2,672 (706) Gross investment losses from sales and maturities (11,938) (19,442) Write-downs recognized in earnings(2) 3 3 (Addition to) release of allowance for credit losses 1,042 (16,576) (1) Excludes activity from non-cash related proceeds due to the timing of trade settlements of $54.9 million and $2.3 million for the three months ended March 31, 2023 and 2022, respectively. (2) Amounts represent write-downs of credit adverse securities and securities actively marketed for sale.
Credit Losses Recognized in Earnings on Fixed Maturity Securities Held by the Company for which a Portion of the OTTI Loss was Recognized in OCI	The following tables set forth the activity in the allowance for credit losses for fixed maturity securities, as of the dates indicated: Three Months Ended March 31, 2023 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 $ 5 $ 4,755 $ 0 $ 0 $ 9 $ 4,769 Additions to allowance for credit losses not previously recorded 0 0 2,923 0 0 0 2,923 Reductions for securities sold during the period 0 (1) (3,733) 0 0 0 (3,734) Additions (reductions) on securities with previous allowance 0 (4) (225) 0 0 (2) (231) Balance, end of period $ 0 $ 0 $ 3,720 $ 0 $ 0 $ 7 $ 3,727 Three Months Ended March 31, 2022 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in thousands) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 11 $ 4,138 $ 0 $ 0 $ 0 $ 4,149 Additions to allowance for credit losses not previously recorded 0 329 9,258 0 0 0 9,587 Reductions for securities sold during the period 0 (3) 0 0 0 0 (3) Additions (reductions) on securities with previous allowance 0 62 6,930 0 0 0 6,992 Balance, end of period $ 0 $ 399 $ 20,326 $ 0 $ 0 $ 0 $ 20,725
Commercial Mortgage and Other Loans	The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: March 31, 2023 December 31, 2022 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Apartments/Multi-Family $ 1,287,854 25.3 % $ 1,289,026 26.0 % Hospitality 103,717 2.0 104,177 2.1 Industrial 1,890,743 37.1 1,766,247 35.8 Office 588,536 11.6 590,897 11.9 Other 380,518 7.5 380,121 7.7 Retail 369,908 7.3 351,457 7.1 Total commercial mortgage loans 4,621,276 90.8 4,481,925 90.6 Agricultural property loans 471,441 9.2 467,018 9.4 Total commercial mortgage and agricultural property loans 5,092,717 100.0 % 4,948,943 100.0 % Allowance for credit losses (21,410) (20,263) Total net commercial mortgage and agricultural property loans $ 5,071,307 $ 4,928,680 The affiliated commercial mortgage loan included in "Commercial mortgage and other loans" at March 31, 2023 and December 31, 2022 were as follows: Maturity Date Interest Rate March 31, 2023 December 31, 2022 (in thousands) Affiliated Commercial Mortgage Loan 2025 9.20 % $ 71,928 $ 72,225
Allowance for Credit Losses	The following table sets forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated: Three Months Ended March 31, 2023 2022 Commercial Mortgage Loans Agricultural Property Loans Total Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Allowance, beginning of period $ 19,665 $ 598 $ 20,263 $ 5,847 $ 104 $ 5,951 Addition to (release of) allowance for expected losses 762 385 1,147 477 18 495 Allowance, end of period $ 20,427 $ 983 $ 21,410 $ 6,324 $ 122 $ 6,446
Financing Receivable Credit Quality Indicators	The following tables set forth key credit quality indicators based upon the recorded investment gross of allowance for credit losses, as of the dates indicated: March 31, 2023 Amortized Cost by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Total (in thousands) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 18,330 $ 266,659 $ 251,462 $ 63,455 $ 223,483 $ 1,088,037 $ 0 $ 1,911,426 60%-69.99% 98,256 347,208 719,339 250,659 219,868 352,310 0 1,987,640 70%-79.99% 36,284 168,211 279,817 41,687 68,320 59,663 0 653,982 80% or greater 0 0 0 0 957 67,271 0 68,228 Total $ 152,870 $ 782,078 $ 1,250,618 $ 355,801 $ 512,628 $ 1,567,281 $ 0 $ 4,621,276 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 152,870 $ 749,363 $ 1,250,618 $ 244,850 $ 455,241 $ 1,449,893 $ 0 $ 4,302,835 1.0 - 1.2x 0 32,715 0 83,239 26,336 27,209 0 169,499 Less than 1.0x 0 0 0 27,712 31,051 90,179 0 148,942 Total $ 152,870 $ 782,078 $ 1,250,618 $ 355,801 $ 512,628 $ 1,567,281 $ 0 $ 4,621,276 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 11,430 $ 197,869 $ 132,177 $ 26,379 $ 15,989 $ 26,637 $ 4,750 $ 415,231 60%-69.99% 0 56,210 0 0 0 0 0 56,210 70%-79.99% 0 0 0 0 0 0 0 0 80% or greater 0 0 0 0 0 0 0 0 Total $ 11,430 $ 254,079 $ 132,177 $ 26,379 $ 15,989 $ 26,637 $ 4,750 $ 471,441 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 11,430 $ 252,079 $ 132,177 $ 26,379 $ 15,989 $ 26,637 $ 4,750 $ 469,441 1.0 - 1.2x 0 2,000 0 0 0 0 0 2,000 Less than 1.0x 0 0 0 0 0 0 0 0 Total $ 11,430 $ 254,079 $ 132,177 $ 26,379 $ 15,989 $ 26,637 $ 4,750 $ 471,441 December 31, 2022 Amortized Cost by Origination Year 2022 2021 2020 2019 2018 Prior Total (in thousands) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 266,453 $ 262,095 $ 63,558 $ 222,638 $ 201,087 $ 894,646 $ 1,910,477 60%-69.99% 344,110 681,996 243,800 219,593 61,757 305,175 1,856,431 70%-79.99% 166,629 304,386 47,388 66,148 2,409 53,336 640,296 80% or greater 0 0 0 3,249 0 71,472 74,721 Total $ 777,192 $ 1,248,477 $ 354,746 $ 511,628 $ 265,253 $ 1,324,629 $ 4,481,925 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 744,301 $ 1,248,477 $ 243,325 $ 452,626 $ 258,617 $ 1,203,807 $ 4,151,153 1.0 - 1.2x 32,891 0 83,655 26,558 6,636 45,742 195,482 Less than 1.0x 0 0 27,766 32,444 0 75,080 135,290 Total $ 777,192 $ 1,248,477 $ 354,746 $ 511,628 $ 265,253 $ 1,324,629 $ 4,481,925 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 208,708 $ 133,126 $ 25,894 $ 16,053 $ 6,327 $ 20,700 $ 410,808 60%-69.99% 56,210 0 0 0 0 0 56,210 70%-79.99% 0 0 0 0 0 0 0 80% or greater 0 0 0 0 0 0 0 Total $ 264,918 $ 133,126 $ 25,894 $ 16,053 $ 6,327 $ 20,700 $ 467,018 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 262,918 $ 133,126 $ 25,894 $ 16,053 $ 6,327 $ 20,700 $ 465,018 1.0 - 1.2x 2,000 0 0 0 0 0 2,000 Less than 1.0x 0 0 0 0 0 0 0 Total $ 264,918 $ 133,126 $ 25,894 $ 16,053 $ 6,327 $ 20,700 $ 467,018
Aging of Past Due Commercial Mortgage and Other Loans and Nonaccrual Status	The following tables set forth an aging of past due commercial mortgage and other loans based upon the recorded investment gross of allowance for credit losses, as well as the amount of commercial mortgage and other loans on non-accrual status, as of the dates indicated: March 31, 2023 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 $ 4,621,276 $ 0 $ 0 $ 0 $ 4,621,276 $ 0 Agricultural property loans 470,112 0 0 1,329 471,441 0 Total $ 5,091,388 $ 0 $ 0 $ 1,329 $ 5,092,717 $ 0 (1) As of March 31, 2023, 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, 2022. December 31, 2022 Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due(1) Total Loans Non-Accrual Status(2) (in thousands) Commercial mortgage loans $ 4,481,925 $ 0 $ 0 $ 0 $ 4,481,925 $ 0 Agricultural property loans 465,689 0 1,329 0 467,018 0 Total $ 4,947,614 $ 0 $ 1,329 $ 0 $ 4,948,943 $ 0 (1) As of December 31, 2022, there were no loans in this category accruing interest. (2) For additional information regarding the Company’s policies for accruing interest on loans, see Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.
Other Invested Assets	The following table sets forth the composition of “Other invested assets,” as of the dates indicated: March 31, 2023 December 31, 2022 (in thousands) Company’s investment in separate accounts $ 455 $ 510 LPs/LLCs: Equity method: Private equity 302,205 287,969 Hedge funds 601,566 576,595 Real estate-related 91,419 107,429 Subtotal equity method 995,190 971,993 Fair value: Private equity 59,006 59,146 Hedge funds 318 396 Real estate-related 9,015 9,457 Subtotal fair value 68,339 68,999 Total LPs/LLCs 1,063,529 1,040,992 Derivative instruments 11,232 47,111 Total other invested assets $ 1,075,216 $ 1,088,613
Accrued Investment Income	The following table sets forth the composition of “Accrued investment income,” as of the dates indicated: March 31, 2023 December 31, 2022 (in thousands) Fixed maturities $ 213,062 $ 187,628 Equity securities 381 349 Commercial mortgage and other loans 15,429 13,335 Policy loans 14,771 14,525 Other invested assets 50 48 Short-term investments and cash equivalents 6,080 3,750 Total accrued investment income $ 249,773 $ 219,635
Net Investment Income	The following table sets forth “Net investment income” by investment type, for the periods indicated: Three Months Ended March 31, 2023 2022 (in thousands) Fixed maturities, available-for-sale $ 234,810 $ 109,191 Fixed maturities, trading 17,874 15,565 Equity securities 2,777 162 Commercial mortgage and other loans 48,656 22,248 Policy loans 4,996 16,944 Other invested assets 26,099 24,912 Short-term investments and cash equivalents 31,176 648 Gross investment income 366,388 189,670 Less: investment expenses (16,938) (10,370) Net investment income $ 349,450 $ 179,300
Realized Investment Gains (Losses), Net	The following table sets forth “Realized investment gains (losses), net” by investment type, for the periods indicated: Three Months Ended March 31, 2023 2022 (in thousands) Fixed maturities(1) $ (8,221) $ (36,721) Commercial mortgage and other loans (1,278) (603) Other invested assets 5,627 1,642 Derivatives (118,270) 389,227 Short-term investments and cash equivalents 1,463 (264) Realized investment gains (losses), net $ (120,679) $ 353,281 (1) Includes fixed maturity securities classified as available-for-sale and excludes fixed maturity securities classified as trading.
Net Unrealized Gains and (Losses) on Investments	The following table sets forth net unrealized gains (losses) on investments, as of the dates indicated: March 31, 2023 December 31, 2022 (in thousands) Fixed maturity securities, available-for-sale with an allowance $ 4,164 $ 4,371 Fixed maturity securities, available-for-sale without an allowance (1,818,917) (2,285,288) Derivatives designated as cash flow hedges(1) 118,340 138,627 Affiliated notes (12,139) (13,189) Other investments(2) (1,205) (1,176) Net unrealized gains (losses) on investments $ (1,709,757) $ (2,156,655) (1) For more information on cash flow hedges, see Note 4. (2) Includes net unrealized gains (losses) on certain joint ventures that are strategic in nature and are included in "Other assets".
Repurchase Agreements and Securities Lending	The following table sets forth the composition of “Cash collateral for loaned securities,” which represents the liability to return cash collateral received for the following types of securities loaned, as of the dates indicated: March 31, 2023 December 31, 2022 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) Foreign government bonds $ 510 $ 0 $ 510 $ 506 $ 0 $ 506 U.S. public corporate securities 8,064 0 8,064 7,903 0 7,903 Foreign public corporate securities 3,053 0 3,053 12,873 0 12,873 Equity securities 147,925 0 147,925 65,468 0 65,468 Total cash collateral for loaned securities(1) $ 159,552 $ 0 $ 159,552 $ 86,750 $ 0 $ 86,750 (1) The Company did not have any agreements with remaining contractual maturities greater than thirty days, as of the dates indicated.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2023
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. March 31, 2023 December 31, 2022 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 $ 3,152 $ 0 $ (238) $ 3,225 $ 0 $ (316) Foreign Currency Swaps 1,893,555 203,648 (15,473) 1,933,343 233,812 (10,462) Total Derivatives Designated as Hedge Accounting Instruments $ 1,896,707 $ 203,648 $ (15,711) $ 1,936,568 $ 233,812 $ (10,778) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 151,409,010 $ 5,561,149 $ (15,876,422) $ 138,419,110 $ 6,757,890 $ (17,092,749) Interest Rate Options 23,498,000 116,050 (610,535) 8,368,000 123,168 (225,125) Interest Rate Futures 933,400 1,074 (7,515) 2,425,500 3,267 (201) Interest Rate Forwards 1,104,000 10,831 (12,861) 1,104,000 11,265 (12,359) Foreign Currency Foreign Currency Forwards 505,096 13,996 (4,554) 364,946 590 (10,423) Credit Credit Default Swaps 89,631 1,257 0 47,450 346 0 Currency/Interest Rate Foreign Currency Swaps 2,252,868 171,226 (8,192) 2,289,170 194,412 (14,624) Equity Total Return Swaps 14,084,407 202,506 (230,015) 15,958,130 120,341 (175,104) Equity Options 30,692,980 379,810 (1,110,690) 25,187,516 239,003 (1,112,196) Equity Futures 1,300,155 4,172 (14,199) 876,790 956 (513) Total Derivatives Not Qualifying as Hedge Accounting Instruments $ 225,869,547 $ 6,462,071 $ (17,874,983) $ 195,040,612 $ 7,451,238 $ (18,643,294) Total Derivatives(1)(2) $ 227,766,254 $ 6,665,719 $ (17,890,694) $ 196,977,180 $ 7,685,050 $ (18,654,072) (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 $4,129 million and $3,502 million as of March 31, 2023 and December 31, 2022, respectively included in "Policyholders' account balances". Other assets included $156 million and $141 million as of March 31, 2023 and December 31, 2022, respectively. Other liabilities included $12 million and $10 million as of March 31, 2023 and December 31, 2022, respectively. (2) Recorded in “Other invested assets” and “Payables to parent and affiliates” on the Unaudited Interim Consolidated Statements of Financial Position.
Offsetting Of Financial Assets	The following table presents recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements that are offset in the Unaudited Interim Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Unaudited Interim Consolidated Statements of Financial Position. March 31, 2023 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 6,665,719 $ (6,654,487) $ 11,232 $ 0 $ 11,232 Securities purchased under agreements to resell 325,000 0 325,000 (325,000) 0 Total Assets $ 6,990,719 $ (6,654,487) $ 336,232 $ (325,000) $ 11,232 Offsetting of Financial Liabilities: Derivatives $ 17,890,694 $ (16,132,600) $ 1,758,094 $ (1,758,094) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 17,890,694 $ (16,132,600) $ 1,758,094 $ (1,758,094) $ 0 December 31, 2022 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 7,685,050 $ (7,637,939) $ 47,111 $ 0 $ 47,111 Securities purchased under agreements to resell 290,000 0 290,000 (290,000) 0 Total Assets $ 7,975,050 $ (7,637,939) $ 337,111 $ (290,000) $ 47,111 Offsetting of Financial Liabilities: Derivatives $ 18,654,072 $ (16,568,912) $ 2,085,160 $ (2,085,160) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 18,654,072 $ (16,568,912) $ 2,085,160 $ (2,085,160) $ 0 (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty.
Offsetting Of Financial Liabilities	The following table presents recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements that are offset in the Unaudited Interim Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Unaudited Interim Consolidated Statements of Financial Position. March 31, 2023 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 6,665,719 $ (6,654,487) $ 11,232 $ 0 $ 11,232 Securities purchased under agreements to resell 325,000 0 325,000 (325,000) 0 Total Assets $ 6,990,719 $ (6,654,487) $ 336,232 $ (325,000) $ 11,232 Offsetting of Financial Liabilities: Derivatives $ 17,890,694 $ (16,132,600) $ 1,758,094 $ (1,758,094) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 17,890,694 $ (16,132,600) $ 1,758,094 $ (1,758,094) $ 0 December 31, 2022 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 7,685,050 $ (7,637,939) $ 47,111 $ 0 $ 47,111 Securities purchased under agreements to resell 290,000 0 290,000 (290,000) 0 Total Assets $ 7,975,050 $ (7,637,939) $ 337,111 $ (290,000) $ 47,111 Offsetting of Financial Liabilities: Derivatives $ 18,654,072 $ (16,568,912) $ 2,085,160 $ (2,085,160) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 18,654,072 $ (16,568,912) $ 2,085,160 $ (2,085,160) $ 0 (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The following tables provide the financial statement classification and impact of derivatives used in qualifying and non-qualifying hedge relationships, excluding the offset of the hedged item in an effective hedge relationship. Three Months Ended March 31, 2023 Realized Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) Net Other Change in AOCI (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Interest Rate $ 1 $ 0 $ (25) $ 0 $ 41 Currency/Interest Rate 2,515 0 11,705 (10,426) (20,328) Total cash flow hedges 2,516 0 11,680 (10,426) (20,287) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (48,164) 208,061 0 0 0 Currency (6,610) 0 0 0 0 Currency/Interest Rate (12,722) 0 0 (146) 0 Credit 934 0 0 0 0 Equity 196,875 (199,932) 0 0 0 Embedded Derivatives (247,987) 0 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments (117,674) 8,129 0 (146) 0 Total $ (115,158) $ 8,129 $ 11,680 $ (10,572) $ (20,287) Three Months Ended March 31, 2022 (1) Realized Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) Net Other Change in AOCI (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Interest Rate $ 0 $ 0 $ 11 $ 0 $ (157) Currency/Interest Rate (771) 0 7,850 6,700 12,981 Total cash flow hedges (771) 0 7,861 6,700 12,824 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 244,314 (1,870,251) 0 0 0 Currency 4,297 0 0 0 0 Currency/Interest Rate (1,708) 0 0 113 0 Credit (2,723) 0 0 0 0 Equity 173,112 218,148 0 0 0 Embedded Derivatives (27,294) 0 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments 389,998 (1,652,103) 0 113 0 Total $ 389,227 $ (1,652,103) $ 7,861 $ 6,813 $ 12,824 (1) Prior period amounts have been updated to conform to current period presentation
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, 2022 $ 138,627 Amount recorded in AOCI Interest Rate 17 Currency/Interest Rate (16,534) Total amount recorded in AOCI (16,517) Amount reclassified from AOCI to income Interest Rate 24 Currency/Interest Rate (3,794) Total amount reclassified from AOCI to income (3,770) Balance, March 31, 2023 $ 118,340

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value, Assets and Liabilities Measured on Recurring Basis	The tables below present the balances of assets and liabilities reported at fair value on a recurring basis, as of the dates indicated. March 31, 2023 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 $ 334,378 $ 0 $ $ 334,378 Obligations of U.S. states and their political subdivisions 0 652,515 0 652,515 Foreign government bonds 0 283,434 714 284,148 U.S. corporate public securities 0 8,080,417 0 8,080,417 U.S. corporate private securities 0 3,725,930 243,747 3,969,677 Foreign corporate public securities 0 1,566,216 7,157 1,573,373 Foreign corporate private securities 0 3,606,523 284,989 3,891,512 Asset-backed securities(2) 0 1,497,087 101,188 1,598,275 Commercial mortgage-backed securities 0 653,591 127,681 781,272 Residential mortgage-backed securities 0 410,784 0 410,784 Subtotal 0 20,810,875 765,476 21,576,351 Market risk benefit assets 0 0 1,427,488 1,427,488 Fixed maturities, trading 0 2,256,655 6,250 2,262,905 Equity securities 146,680 11,211 43,174 201,065 Short-term investments 0 216,944 14,416 231,360 Cash equivalents 47,900 1,445,998 0 1,493,898 Other invested assets(3) 6,658 6,659,061 0 (6,654,487) 11,232 Other assets 0 0 155,763 155,763 Reinsurance recoverable 0 0 1,357 1,357 Receivables from parent and affiliates 0 148,996 0 148,996 Subtotal excluding separate account assets 201,238 31,549,740 2,413,924 (6,654,487) 27,510,415 Separate account assets(4)(5) 102,362 111,732,834 4,553 111,839,749 Total assets $ 303,600 $ 143,282,574 $ 2,418,477 $ (6,654,487) $ 139,350,164 Market risk benefit liabilities $ 0 $ 0 $ 5,621,681 $ $ 5,621,681 Policyholders' account balances 0 0 4,129,043 4,129,043 Payables to parent and affiliates 0 17,864,285 0 (16,127,517) 1,736,768 Other liabilities 26,409 (11,520) 0 (5,083) 9,806 Total liabilities $ 26,409 $ 17,852,765 $ 9,750,724 $ (16,132,600) $ 11,497,298 December 31, 2022 Level 1 Level 2 Level 3 Netting(1) Total (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 281,792 $ 0 $ $ 281,792 Obligations of U.S. states and their political subdivisions 0 628,200 0 628,200 Foreign government bonds 0 272,738 724 273,462 U.S. corporate public securities 0 6,443,944 0 6,443,944 U.S. corporate private securities 0 3,573,269 243,460 3,816,729 Foreign corporate public securities 0 1,371,354 6,868 1,378,222 Foreign corporate private securities 0 3,509,162 257,168 3,766,330 Asset-backed securities(2) 0 1,421,852 20,502 1,442,354 Commercial mortgage-backed securities 0 573,930 84,222 658,152 Residential mortgage-backed securities 0 336,216 0 336,216 Subtotal 0 18,412,457 612,944 19,025,401 Market risk benefit assets 0 0 1,393,237 1,393,237 Fixed maturities, trading 0 1,936,159 0 1,936,159 Equity securities 108,076 6,403 28,593 143,072 Short-term investments 0 81,215 16,945 98,160 Cash equivalents 0 1,432,182 0 1,432,182 Other invested assets(3) 4,223 7,680,827 0 (7,637,939) 47,111 Other assets 0 0 141,041 141,041 Reinsurance recoverable 0 0 0 0 Receivables from parent and affiliates 0 148,075 0 148,075 Subtotal excluding separate account assets 112,299 29,697,318 2,192,760 (7,637,939) 24,364,438 Separate account assets(4)(5) 102,243 108,682,425 4,645 108,789,313 Total assets $ 214,542 $ 138,379,743 $ 2,197,405 $ (7,637,939) $ 133,153,751 Market risk benefit liabilities $ 0 $ 0 $ 5,521,601 $ $ 5,521,601 Policyholders' account balances 0 0 3,502,096 3,502,096 Payables to parent and affiliates 0 18,653,159 0 (16,568,242) 2,084,917 Other liabilities 899 (9,496) 0 (670) (9,267) Total liabilities $ 899 $ 18,643,663 $ 9,023,697 $ (16,568,912) $ 11,099,347 (1) “Netting” amounts represent cash collateral of $(9,478) million and $(8,931) million as of March 31, 2023 and December 31, 2022, 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 March 31, 2023 and December 31, 2022, the fair values of such investments were $68 million and $69 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 March 31, 2023 and December 31, 2022, the fair value of such investments were $5,454 million and $5,262 million, respectively.
Fair Value Inputs, Assets and Liabilities, Quantitative Information	The tables below present quantitative information regarding significant internally-priced Level 3 assets and liabilities. March 31, 2023 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Average Impact of (in thousands) Assets: Corporate securities(2) $ 429,741 Discounted cash flow Discount rate 5.67 % 20 % 8.01 % Decrease Liquidation Liquidation value 82.86 % 82.86 % 82.86 % Increase Market risk benefit assets(4) $ 1,427,488 Discounted cash flow Lapse rate(5) 1 % 20 % Increase Spread over SOFR(6) 0.52 % 2.20 % Increase Utilization rate(7) 38 % 95 % Decrease Withdrawal rate See table footnote (8) below. Mortality rate(9) 0 % 15 % Increase Equity volatility curve 18 % 25 % Decrease Liabilities: Market risk benefit liabilities(4) $ 5,621,681 Discounted cash flow Lapse rate(5) 1 % 20 % Decrease Spread over SOFR(6) 0.52 % 2.20 % Decrease Utilization rate(7) 38 % 95 % Increase Withdrawal rate See table footnote (8) below. Mortality rate(9) 0 % 15 % Decrease Equity volatility curve 18 % 25 % Increase Policyholders' account balances(10) $ 4,129,043 Discounted cash flow Lapse rate(5) 1 % 80 % Decrease Spread over SOFR(6) 0.27 % 2.34 % Decrease Mortality rate(9) 0 % 23 % Decrease Equity volatility curve 6 % 30 % Increase Option budget(11) (2) % 6 % Increase December 31, 2022 Fair Value Valuation Unobservable Minimum Maximum Weighted Impact of (in thousands) Assets: Corporate securities(2) $ 408,494 Discounted cash flow Discount rate 9.77 % 20 % 16.53 % Decrease Market Comparables EBITDA multiples(3) 2.2 X 23.5 X 8.1 X Increase Market risk benefit assets(4) $ 1,393,237 Discounted cash flow Lapse rate(5) 1 % 20 % Increase Spread over SOFR(6) 0.03 % 1.13 % Increase Utilization rate(7) 39 % 96 % Decrease Withdrawal rate See table footnote (8) below. Mortality rate(9) 0 % 15 % Increase Equity volatility curve 16 % 25 % Decrease Liabilities: Market risk benefit liabilities(4) $ 5,521,601 Discounted cash flow Lapse rate(5) 1 % 20 % Decrease Spread over SOFR(6) 0.50 % 2.20 % Decrease Utilization rate(7) 38 % 95 % Increase Withdrawal rate See table footnote (8) below. Mortality rate(9) 0 % 15 % Decrease Equity volatility curve 18 % 26 % Increase Policyholders' account balances(10) $ 3,502,096 Discounted cash flow Lapse rate(5) 1 % 80 % Decrease Spread over SOFR(6) 0.17 % 1.93 % Decrease Mortality rate(9) 0 % 23 % Decrease Equity volatility curve 6 % 30 % Increase Option budget(11) (2) % 6 % 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. (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) Market risk benefits primarily represent fair value for all living benefit guarantees including accommodation, withdrawal and income benefits. Since the valuation methodology for these assets and 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) 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. (6) 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 March 31, 2023 and December 31, 2022, 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. (7) 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. (8) 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 both March 31, 2023 and December 31, 2022, the minimum withdrawal rate assumption is 77% and 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%. (9) The range reflects the mortality rates for the vast majority of business with living benefits and other contracts, with policyholders ranging from 50 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. (10) 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 weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (11) Option budget estimates the expected long-term cost of options used to hedge exposures associated with equity price and interest rate changes. The level of option budgets determines future costs of the options, which impacts the growth in account value and the valuation of embedded derivatives.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables describe changes in fair values of Level 3 assets and liabilities as of the dates indicated, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets and liabilities still held at the end of their respective periods. When a determination is made to classify assets and liabilities within Level 3, the determination is based on significance of the unobservable inputs in the overall fair value measurement. All transfers are based on changes in the observability of the valuation inputs, including the availability of pricing service information that the Company can validate. Transfers into Level 3 are generally the result of unobservable inputs utilized within valuation methodologies and the use of indicative broker quotes for assets that were previously valued using observable inputs. Transfers out of Level 3 are generally due to the use of observable inputs in valuation methodologies as well as the availability of pricing service information for certain assets that the Company can validate. Three Months Ended March 31, 2023(6) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in thousands) Fixed maturities, available-for-sale: Foreign government $ 724 $ (10) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 714 $ (12) Corporate securities(3) 507,496 5,323 94,096 (19,598) 0 (51,424) 0 0 0 535,893 4,640 Structured securities(4) 104,724 (3,635) 146,016 (27) 0 (613) 0 2,240 (19,836) 228,869 (3,613) Other assets: Fixed maturities, trading 0 0 6,250 0 0 0 0 0 0 6,250 0 Equity securities 28,593 (830) 0 0 0 0 15,411 0 0 43,174 (830) Short-term investments 16,945 1,856 1,542 0 0 (5,927) 0 0 0 14,416 51 Other assets 141,041 (18,361) 34,620 0 0 (1,537) 0 0 0 155,763 (16,824) Reinsurance recoverable 0 1,357 0 0 0 0 0 0 0 1,357 1,357 Separate account assets 4,645 98 0 (180) 0 (10) 0 0 0 4,553 96 Liabilities: Policyholders' account balances(5) (3,502,096) (229,919) 0 0 (398,623) 0 1,595 0 0 (4,129,043) (417,482) Three Months Ended March 31, 2023(6) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders' account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders' account balances Included in other comprehensive income (loss) (in thousands) Fixed maturities, available-for-sale $ 325 $ 0 $ 0 $ 964 $ 389 $ (901) $ 0 $ 0 $ 1,916 Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 0 0 Equity securities 0 (830) 0 0 0 0 (830) 0 0 Short-term investments 1,434 0 0 51 371 0 0 0 51 Other assets (18,361) 0 0 0 0 (16,824) 0 0 0 Reinsurance recoverable 1,357 0 0 0 0 1,357 0 0 0 Separate account assets 0 0 98 0 0 0 0 96 0 Liabilities: Policyholders' account balances (229,919) 0 0 0 0 (417,482) 0 0 0 Three Months Ended March 31, 2022(6) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in thousands) Fixed maturities, available-for-sale: Foreign government $ 150 $ (10) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 140 $ (10) Corporate securities(3) 385,634 (36,375) 49,410 (1,171) 0 (12,140) 0 0 0 385,358 (36,465) Structured securities(4) 173,944 (11,976) 0 0 0 (502) 0 0 (49,350) 112,116 (11,975) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 0 0 0 0 Equity securities 12,472 (1,009) 0 0 0 0 0 0 0 11,463 (1,009) Short-term investments 0 0 0 0 0 0 0 0 0 0 0 Other assets 72,937 (3,714) 7,816 0 0 (1,838) 0 0 0 75,201 (1,877) Reinsurance recoverable 0 0 0 0 0 0 0 0 0 0 0 Separate account assets 0 0 0 0 0 0 0 0 0 0 0 Liabilities: Policyholders' account balances(5) (3,245,773) (100,653) 0 0 (152,791) 0 239,022 0 0 (3,260,195) (70,214) Three Months Ended March 31, 2022(6) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders' account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders' account balances Included in other comprehensive income (loss) (in thousands) Fixed maturities, available-for-sale $ (14,903) $ 0 $ 0 $ (33,841) $ 383 $ (15,011) $ 0 $ 0 $ (33,439) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 0 0 Equity securities 0 (1,009) 0 0 0 0 (1,009) 0 0 Short-term investments 0 0 0 0 0 0 0 0 0 Other assets (3,714) 0 0 0 0 (1,877) 0 0 0 Reinsurance recoverable 0 0 0 0 0 0 0 0 0 Separate account assets 0 0 0 0 0 0 0 0 0 Liabilities: Policyholders' account balances (100,653) 0 0 0 0 (70,214) 0 0 0 (1) "Other" includes additional activity not allocated to the specific categories within the rollforward of Level 3 Assets and Liabilities. (2) 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. (3) Includes U.S. corporate private, foreign corporate public, foreign corporate private securities and foreign government bonds. (4) Includes asset-backed and commercial mortgage-backed securities. (5) Issuances and settlements for Policyholders' account balances are presented net in the rollforward.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables describe changes in fair values of Level 3 assets and liabilities as of the dates indicated, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets and liabilities still held at the end of their respective periods. When a determination is made to classify assets and liabilities within Level 3, the determination is based on significance of the unobservable inputs in the overall fair value measurement. All transfers are based on changes in the observability of the valuation inputs, including the availability of pricing service information that the Company can validate. Transfers into Level 3 are generally the result of unobservable inputs utilized within valuation methodologies and the use of indicative broker quotes for assets that were previously valued using observable inputs. Transfers out of Level 3 are generally due to the use of observable inputs in valuation methodologies as well as the availability of pricing service information for certain assets that the Company can validate. Three Months Ended March 31, 2023(6) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in thousands) Fixed maturities, available-for-sale: Foreign government $ 724 $ (10) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 714 $ (12) Corporate securities(3) 507,496 5,323 94,096 (19,598) 0 (51,424) 0 0 0 535,893 4,640 Structured securities(4) 104,724 (3,635) 146,016 (27) 0 (613) 0 2,240 (19,836) 228,869 (3,613) Other assets: Fixed maturities, trading 0 0 6,250 0 0 0 0 0 0 6,250 0 Equity securities 28,593 (830) 0 0 0 0 15,411 0 0 43,174 (830) Short-term investments 16,945 1,856 1,542 0 0 (5,927) 0 0 0 14,416 51 Other assets 141,041 (18,361) 34,620 0 0 (1,537) 0 0 0 155,763 (16,824) Reinsurance recoverable 0 1,357 0 0 0 0 0 0 0 1,357 1,357 Separate account assets 4,645 98 0 (180) 0 (10) 0 0 0 4,553 96 Liabilities: Policyholders' account balances(5) (3,502,096) (229,919) 0 0 (398,623) 0 1,595 0 0 (4,129,043) (417,482) Three Months Ended March 31, 2023(6) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders' account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders' account balances Included in other comprehensive income (loss) (in thousands) Fixed maturities, available-for-sale $ 325 $ 0 $ 0 $ 964 $ 389 $ (901) $ 0 $ 0 $ 1,916 Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 0 0 Equity securities 0 (830) 0 0 0 0 (830) 0 0 Short-term investments 1,434 0 0 51 371 0 0 0 51 Other assets (18,361) 0 0 0 0 (16,824) 0 0 0 Reinsurance recoverable 1,357 0 0 0 0 1,357 0 0 0 Separate account assets 0 0 98 0 0 0 0 96 0 Liabilities: Policyholders' account balances (229,919) 0 0 0 0 (417,482) 0 0 0 Three Months Ended March 31, 2022(6) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in thousands) Fixed maturities, available-for-sale: Foreign government $ 150 $ (10) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 140 $ (10) Corporate securities(3) 385,634 (36,375) 49,410 (1,171) 0 (12,140) 0 0 0 385,358 (36,465) Structured securities(4) 173,944 (11,976) 0 0 0 (502) 0 0 (49,350) 112,116 (11,975) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 0 0 0 0 Equity securities 12,472 (1,009) 0 0 0 0 0 0 0 11,463 (1,009) Short-term investments 0 0 0 0 0 0 0 0 0 0 0 Other assets 72,937 (3,714) 7,816 0 0 (1,838) 0 0 0 75,201 (1,877) Reinsurance recoverable 0 0 0 0 0 0 0 0 0 0 0 Separate account assets 0 0 0 0 0 0 0 0 0 0 0 Liabilities: Policyholders' account balances(5) (3,245,773) (100,653) 0 0 (152,791) 0 239,022 0 0 (3,260,195) (70,214) Three Months Ended March 31, 2022(6) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders' account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders' account balances Included in other comprehensive income (loss) (in thousands) Fixed maturities, available-for-sale $ (14,903) $ 0 $ 0 $ (33,841) $ 383 $ (15,011) $ 0 $ 0 $ (33,439) Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 0 0 Equity securities 0 (1,009) 0 0 0 0 (1,009) 0 0 Short-term investments 0 0 0 0 0 0 0 0 0 Other assets (3,714) 0 0 0 0 (1,877) 0 0 0 Reinsurance recoverable 0 0 0 0 0 0 0 0 0 Separate account assets 0 0 0 0 0 0 0 0 0 Liabilities: Policyholders' account balances (100,653) 0 0 0 0 (70,214) 0 0 0 (1) "Other" includes additional activity not allocated to the specific categories within the rollforward of Level 3 Assets and Liabilities. (2) 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. (3) Includes U.S. corporate private, foreign corporate public, foreign corporate private securities and foreign government bonds. (4) Includes asset-backed and commercial mortgage-backed securities. (5) Issuances and settlements for Policyholders' account balances are presented net in the rollforward.
Fair Value Measurements, Nonrecurring	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). For both the three months ended March 31, 2023 and 2022, there were no triggering events. Three Months Ended March 31, 2023 2022 (in thousands) Equity in earnings of operating joint venture, net of taxes Investment in joint venture $ 0 $ 0 March 31, 2023 December 31, 2022 (in thousands) Carrying value after measurement as of period end: Investment in joint venture(1) $ 0 $ 60,456 (1) Reported carrying value includes value as of the measurement period of June 30, 2022 for "Investment in joint venture".
Fair Value Disclosure Financial Instruments Not Carried at Fair Value	The tables below present the carrying amount and fair value by fair value hierarchy level of certain financial instruments that are not reported at fair value. The financial instruments presented below are reported at carrying value on the Company’s Unaudited Interim Consolidated Statements of Financial Position. In some cases, as described below, the carrying amount equals or approximates fair value. March 31, 2023 Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in thousands) Assets: Commercial mortgage and other loans $ 0 $ 0 $ 4,824,874 $ 4,824,874 $ 5,071,307 Policy loans 0 0 513,466 513,466 513,466 Short-term investments 36,500 0 0 36,500 36,500 Cash and cash equivalents 669,857 325,000 0 994,857 994,857 Accrued investment income 0 249,773 0 249,773 249,773 Reinsurance recoverables 0 0 24,462 24,462 26,196 Receivables from parent and affiliates 0 105,516 0 105,516 105,516 Other assets 0 39,601 964,203 1,003,804 1,003,804 Total assets $ 706,357 $ 719,890 $ 6,327,005 $ 7,753,252 $ 8,001,419 Liabilities: Policyholders’ account balances - investment contracts $ 0 $ 1,128,631 $ 3,622,375 $ 4,751,006 $ 4,767,101 Cash collateral for loaned securities 0 159,552 0 159,552 159,552 Short-term debt to affiliates 0 120,454 0 120,454 125,916 Long-term debt to affiliates 0 174,115 0 174,115 184,280 Payables to parent and affiliates 0 36,539 0 36,539 36,539 Other liabilities 0 1,592,331 33,250 1,625,581 1,625,581 Total liabilities $ 0 $ 3,211,622 $ 3,655,625 $ 6,867,247 $ 6,898,969 December 31, 2022 Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in thousands) Assets: Commercial mortgage and other loans $ 0 $ 0 $ 4,602,177 $ 4,602,177 $ 4,928,680 Policy loans 0 0 505,367 505,367 505,367 Short-term investments 26,331 0 0 26,331 26,331 Cash and cash equivalents 675,445 290,000 0 965,445 965,445 Accrued investment income 0 219,635 0 219,635 219,635 Reinsurance recoverables 0 0 25,127 25,127 27,183 Receivables from parent and affiliates 0 76,846 0 76,846 76,846 Other assets 0 94,200 730,682 824,882 824,882 Total assets $ 701,776 $ 680,681 $ 5,863,353 $ 7,245,810 $ 7,574,369 Liabilities: Policyholders’ account balances - investment contracts $ 0 $ 1,192,271 $ 3,141,000 $ 4,333,271 $ 4,351,945 Cash collateral for loaned securities 0 86,750 0 86,750 86,750 Short-term debt to affiliates 0 120,325 0 120,325 126,250 Long-term debt to affiliates 0 173,905 0 173,905 185,563 Payables to parent and affiliates 0 41,654 0 41,654 41,654 Other liabilities 0 1,269,615 33,250 1,302,865 1,302,866 Total liabilities $ 0 $ 2,884,520 $ 3,174,250 $ 6,058,770 $ 6,095,028 (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.

Deferred Policy Acquisition C_2

Deferred Policy Acquisition Costs, Deferred Reinsurance Losses, Deferred Reinsurance Gains And Deferred Sales Inducements (Tables)	3 Months Ended
	Mar. 31, 2023
Deferred Charges, Insurers [Abstract]
Deferred Policy Acquisition Costs	The following tables show a rollforward for the lines of business that contain DAC balances, along with a reconciliation to the Company's total DAC balance: March 31, 2023 Fixed Annuities Variable Annuities Term Life Variable / Universal Life Total (in thousands) Balance, beginning of period $ 102,250 $ 3,736,456 $ 648,836 $ 2,442,883 $ 6,930,425 Capitalization 22,902 56,875 33,006 133,955 246,738 Amortization expense (4,474) (87,864) (15,304) (29,904) (137,546) Other 0 0 0 52 52 Balance, end of period $ 120,678 $ 3,705,467 $ 666,538 $ 2,546,986 $ 7,039,669 March 31, 2022 Fixed Annuities Variable Annuities Term Life Variable / Universal Life Total (in thousands) Balance, beginning of period $ 84,479 $ 3,806,733 $ 577,084 $ 2,561,011 $ 7,029,307 Capitalization 746 77,128 33,626 134,889 246,389 Amortization expense (3,191) (84,575) (11,432) (25,877) (125,075) Other(1) 0 0 0 (541,408) (541,408) Balance, end of period $ 82,034 $ 3,799,286 $ 599,278 $ 2,128,615 $ 6,609,213 (1) Other includes the impact of the reinsurance agreement with Lotus Re.
Deferred Reinsurance Losses	The following tables show a rollforward for the lines of business that contain DRL balances, along with a reconciliation to the Company's total DRL balance: March 31, 2023 Variable Annuities Term Life Total (in thousands) Balance, beginning of period $ 223,515 $ 69,377 $ 292,892 Amortization expense (7,828) (2,162) (9,990) Balance, end of period $ 215,687 $ 67,215 $ 282,902 March 31, 2022 Variable Annuities Term Life Total (in thousands) Balance, beginning of period $ 254,577 $ 78,425 $ 333,002 Amortization expense (7,902) (2,312) (10,214) Balance, end of period $ 246,675 $ 76,113 $ 322,788
Deferred Insurance Gains	The following tables show a rollforward for the lines of business that contain DRG balances, along with a reconciliation to the Company's total DRG balance: March 31, 2023 Variable / Universal Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 1,434,958 $ 57,898 $ 1,492,856 Amortization (18,096) (1,622) (19,718) Balance, end of period $ 1,416,862 $ 56,276 $ 1,473,138 March 31, 2022 Variable / Universal Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 174,598 $ 78,138 $ 252,736 Amortization (21,627) (15,371) (36,998) Other(1) 1,340,312 0 1,340,312 Balance, end of period $ 1,493,283 $ 62,767 $ 1,556,050 (1) Includes $1,346 million deferred gain related to the reinsurance agreement with Lotus Re, entered into January 1, 2022.
Deferred Sale Inducement Cost	The following table shows a rollforward of DSI balances for variable annuity products, which is the only line of business that contains a DSI balance, along with a reconciliation to the Company's total DSI balance: March 31, 2023 March 31, 2022 Variable Annuities (in thousands) Balance, beginning of period $ 381,504 $ 414,619 Capitalization 1,540 857 Amortization expense (8,218) (8,658) Balance, end of period $ 374,826 $ 406,818

Separate Accounts (Tables)

Separate Accounts (Tables)	3 Months Ended
	Mar. 31, 2023
Insurance [Abstract]
Separate Account Assets	The aggregate fair value of assets, by major investment asset category, supporting separate accounts is as follows: March 31, 2023 December 31, 2022 (in thousands) Asset Type: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 4,217 $ 2,510 U.S. corporate securities 11,148 8,702 Foreign corporate securities 2,233 1,420 Mortgage-backed securities 649 276 Mutual funds: Equity 68,363,666 67,144,660 Fixed Income 39,528,749 38,109,374 Other 3,852,446 3,441,016 Equity securities 61,027 49,260 Other invested assets 5,453,782 5,262,178 Short-term investments 4,861 1,237 Cash and cash equivalents 10,606 30,613 Total $ 117,293,384 $ 114,051,246
Separate Account Liabilities	The balances of and changes in separate account liabilities are as follows: March 31, 2023 Variable Annuities Variable Life Total (in thousands) Balance, beginning of period $ 91,785,448 $ 22,265,798 $ 114,051,246 Deposits 92,053 608,355 700,408 Investment performance 4,515,993 1,237,196 5,753,189 Policy charges (589,415) (200,762) (790,177) Surrenders and withdrawals (2,238,332) (80,450) (2,318,782) Benefit payments (18,196) (61,680) (79,876) Net transfers (to) from general account (10,253) (24,911) (35,164) Other 3,405 9,135 12,540 Balance, end of period $ 93,540,703 $ 23,752,681 $ 117,293,384 Cash surrender value(1) $ 91,951,494 $ 21,064,020 $ 113,015,514 (1) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. March 31, 2022 Variable Annuities Variable Life Total (in thousands) Balance, beginning of period $ 123,977,624 $ 25,820,204 $ 149,797,828 Deposits 221,887 546,296 768,183 Investment performance (7,818,980) (1,356,908) (9,175,888) Policy charges (680,325) (188,075) (868,400) Surrenders and withdrawals (2,512,811) (75,648) (2,588,459) Benefit payments (20,412) (75,462) (95,874) Net transfers (to) from general account (97,114) (76,539) (173,653) Other 3,061 14,388 17,449 Balance, end of period $ 113,072,930 $ 24,608,256 $ 137,681,186 Cash surrender value(1) $ 111,046,026 $ 22,053,088 $ 133,099,114 (1) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges.

Liability For Future Policy B_2

Liability For Future Policy Benefits (Tables)	3 Months Ended
	Mar. 31, 2023
Insurance [Abstract]
Liability for Future Policy Benefit	The balances of and changes in Benefit Reserves as of and for the periods indicated consist of the three tables presented below: Present Value of Expected Net Premiums rollforward, Present Value of Expected Future Policy Benefits rollforward, and Net Liability for Future Policy Benefits. March 31, 2023 Present Value of Expected Net Premiums Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 10,911,794 $ 0 $ 10,911,794 Effect of cumulative changes in discount rate assumptions, beginning of period 554,896 0 554,896 Balance at original discount rate, beginning of period 11,466,690 0 11,466,690 Effect of actual variances from expected experience and other activity (4,111) (599) (4,710) Adjusted balance, beginning of period 11,462,579 (599) 11,461,980 Issuances 132,627 9,560 142,187 Net premiums / considerations collected (338,534) (8,961) (347,495) Interest accrual 131,333 0 131,333 Balance at original discount rate, end of period 11,388,005 0 11,388,005 Effect of cumulative changes in discount rate assumptions, end of period (312,681) 0 (312,681) Balance, end of period $ 11,075,324 $ 0 $ 11,075,324 March 31, 2023 Present Value of Expected Future Policy Benefits Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 17,835,251 $ 204,727 $ 18,039,978 Effect of cumulative changes in discount rate assumptions, beginning of period 962,034 24,876 986,910 Balance at original discount rate, beginning of period 18,797,285 229,603 19,026,888 Effect of actual variances from expected experience (13,802) 1,427 (12,375) Adjusted balance, beginning of period 18,783,483 231,030 19,014,513 Issuances 132,627 9,560 142,187 Interest accrual 223,841 2,137 225,978 Benefit payments (378,918) (7,418) (386,336) Other adjustments 1,278 (41) 1,237 Balance at original discount rate, end of period 18,762,311 235,268 18,997,579 Effect of cumulative changes in discount rate assumptions, end of period (474,265) (19,786) (494,051) Balance, end of period $ 18,288,046 $ 215,482 $ 18,503,528 Other, end of period 2,055 Total balance, end of period $ 18,505,583 March 31, 2023 Net Liability for Future Policy Benefits (Benefit Reserves) Term Life Fixed Annuities Total (in thousands) Balance, end of period, pre-flooring $ 7,212,722 $ 215,482 $ 7,428,204 Flooring impact, end of period 0 0 0 Balance, end of period, post-flooring 7,212,722 215,482 7,428,204 Less: Reinsurance recoverable 6,719,094 17,336 6,736,430 Balance after reinsurance recoverable, end of period, post-flooring $ 493,628 $ 198,146 $ 691,774 March 31, 2022 Present Value of Expected Net Premiums Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 12,485,056 $ 0 $ 12,485,056 Effect of cumulative changes in discount rate assumptions, beginning of period (1,826,120) 0 (1,826,120) Balance at original discount rate, beginning of period 10,658,936 0 10,658,936 Effect of actual variances from expected experience and other activity 61,204 0 61,204 Adjusted balance, beginning of period 10,720,140 0 10,720,140 Issuances 136,282 9,878 146,160 Net premiums / considerations collected (305,425) (9,878) (315,303) Interest accrual 121,816 0 121,816 Balance at original discount rate, end of period 10,672,813 0 10,672,813 Effect of cumulative changes in discount rate assumptions, end of period 851,339 0 851,339 Balance, end of period $ 11,524,152 $ 0 $ 11,524,152 March 31, 2022 Present Value of Expected Future Policy Benefits Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 20,937,097 $ 237,065 $ 21,174,162 Effect of cumulative changes in discount rate assumptions, beginning of period (3,607,275) (16,704) (3,623,979) Balance at original discount rate, beginning of period 17,329,822 220,361 17,550,183 Effect of actual variances from expected experience 74,360 1,276 75,636 Adjusted balance, beginning of period 17,404,182 221,637 17,625,819 Issuances 136,282 9,878 146,160 Interest accrual 207,753 1,878 209,631 Benefit payments (389,597) (6,719) (396,316) Other adjustments 592 (285) 307 Balance at original discount rate, end of period 17,359,212 226,389 17,585,601 Effect of cumulative changes in discount rate assumptions, end of period 1,780,585 (2,220) 1,778,365 Balance, end of period $ 19,139,797 $ 224,169 $ 19,363,966 Other, end of period 2,683 Total balance, end of period $ 19,366,649 March 31, 2022 Net Liability for Future Policy Benefits (Benefit Reserves) Term Life Fixed Annuities Total (in thousands) Balance, end of period, pre-flooring $ 7,615,645 $ 224,169 $ 7,839,814 Flooring impact, end of period 6,056 0 6,056 Balance, end of period, post-flooring 7,621,701 224,169 7,845,870 Less: Reinsurance recoverable 7,101,936 17,807 7,119,743 Balance after reinsurance recoverable, end of period, post-flooring $ 519,765 $ 206,362 $ 726,127 The following tables provide supplemental information related to the balances of and changes in Benefit Reserves included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the periods indicated: March 31, 2023 Term Life Fixed Annuities (in thousands) Undiscounted expected future gross premiums $ 22,077,087 $ 0 Discounted expected future gross premiums (at original discount rate) $ 15,222,212 $ 0 Discounted expected future gross premiums (at current discount rate) $ 14,816,791 $ 0 Undiscounted expected future benefits and expenses $ 29,198,512 $ 316,153 Interest accrual $ 92,508 $ 2,137 Gross premiums $ 449,968 $ 10,891 Weighted-average duration of the liability in years (at original discount rate) 10 7 Weighted-average duration of the liability in years (at current discount rate) 10 6 Weighted-average interest rate (at original discount rate) 5.21 % 3.69 % Weighted-average interest rate (at current discount rate) 5.05 % 5.01 % March 31, 2022 Term Life Fixed Annuities (in thousands) Undiscounted expected future gross premiums $ 23,867,541 $ 0 Discounted expected future gross premiums (at original discount rate) $ 16,203,391 $ 0 Discounted expected future gross premiums (at current discount rate) $ 17,567,255 $ 0 Undiscounted expected future benefits and expenses $ 27,031,304 $ 298,888 Interest accrual $ 85,937 $ 1,878 Gross premiums $ 462,094 $ 11,819 Weighted-average duration of the liability in years (at original discount rate) 10 7 Weighted-average duration of the liability in years (at current discount rate) 10 7 Weighted-average interest rate (at original discount rate) 5.27 % 3.37 % Weighted-average interest rate (at current discount rate) 3.54 % 3.50 % The balances of and changes in Deferred Profit Liability as of and for the periods indicated are as follows: March 31, 2023 March 31, 2022 Fixed Annuities (in thousands) Balance, beginning of period $ 18,193 $ 15,765 Effect of actual variances from expected experience (951) (1,083) Adjusted balance, beginning of period 17,242 14,682 Profits deferred 1,856 1,889 Interest accrual 182 131 Amortization (541) (466) Other adjustments (8) (25) Balance, end of period 18,731 16,211 Less: Reinsurance recoverable 1,545 1,829 Balance after reinsurance recoverable $ 17,186 $ 14,382 The following table provides supplemental information related to the balances of and changes in Deferred Profit Liability, included in the disaggregated table above, on a gross (direct and assumed) basis, as of and for the period indicated: March 31, 2023 March 31, 2022 Fixed Annuities (in thousands) Revenue(1) $ (539) $ (445) Interest accrual 182 131 (1) Represents the gross premiums collected in changes in deferred profit liability. The following table shows a rollforward of AIR balances for variable and universal life products for the periods indicated: March 31, 2023 March 31, 2022 (in thousands) Balance, including amounts in AOCI, beginning of period, post-flooring $ 12,664,445 $ 11,660,527 Flooring impact and amounts in AOCI 1,269,237 (896,930) Balance, excluding amounts in AOCI, beginning of period, pre-flooring 13,933,682 10,763,597 Effect of actual variances from expected experience and other activity (32,188) (42,272) Adjusted balance, beginning of period 13,901,494 10,721,325 Assessments collected(1) 267,869 233,679 Interest accrual 117,307 91,563 Benefits paid (71,551) (52,630) Balance, excluding amounts in AOCI, end of period, pre-flooring 14,215,119 10,993,937 Flooring impact and amounts in AOCI (962,417) 127,552 Balance, including amounts in AOCI, end of period, post-flooring 13,252,702 11,121,489 Less: Reinsurance recoverable 13,029,847 10,902,945 Balance after reinsurance recoverable, including amounts in AOCI, end of period $ 222,855 $ 218,544 (1) Represents the portion of gross assessments required to fund the future policy benefits. March 31, 2023 March 31, 2022 (in thousands) Interest accrual $ 117,307 $ 91,563 Gross assessments $ 427,489 $ 373,710 Weighted-average duration of the liability in years (at original discount rate) 22 22 Weighted-average interest rate (at original discount rate) 3.38 % 3.36 % The following table presents the reconciliation of the ending balances from the above rollforwards, Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability including other liabilities, gross of related reinsurance recoverables, to the total liability for Future Policy Benefits as reported on the Company's Unaudited Interim Consolidated Statements of Financial Position as of the periods indicated: March 31, 2023 March 31, 2022 (in thousands) Benefit reserves, end of period, post-flooring $ 7,428,204 $ 7,845,870 Additional insurance reserves, including amounts in AOCI, end of period, post-flooring 13,252,702 11,121,489 Deferred profit liability, end of period, post-flooring 18,731 16,211 Subtotal of amounts disclosed above 20,699,637 18,983,570 Other Future policy benefits reserves(1) 1,059,906 1,124,291 Total Future policy benefits $ 21,759,543 $ 20,107,861 (1) Represents balances for which disaggregated rollforward disclosures are not required, including unpaid claims and claims expenses, and incurred but not reported and in course of settlement claim liabilities. The following tables present revenue and interest expense related to Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability, as well as related revenue and interest expense not presented in the above supplemental tables, in the Company's Consolidated Statement of Operations for the periods indicated: March 31, 2023 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 449,968 $ 0 $ 10,891 $ 460,859 Additional insurance reserves 0 427,489 0 427,489 Deferred profit liability 0 0 (539) (539) Total $ 449,968 $ 427,489 $ 10,352 $ 887,809 March 31, 2022 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 462,094 $ 0 $ 11,819 $ 473,913 Additional insurance reserves 0 373,710 0 373,710 Deferred profit liability 0 0 (445) (445) Total $ 462,094 $ 373,710 $ 11,374 $ 847,178 (1) Represents "Gross premiums" for benefit reserves; "Gross assessments" for additional insurance reserves; and "Revenue" for deferred profit liability. March 31, 2023 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 92,508 $ 0 $ 2,137 $ 94,645 Additional insurance reserves 0 117,307 0 117,307 Deferred profit liability 0 0 182 182 Total $ 92,508 $ 117,307 $ 2,319 $ 212,134 March 31, 2022 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 85,937 $ 0 $ 1,878 $ 87,815 Additional insurance reserves 0 91,563 0 91,563 Deferred profit liability 0 0 131 131 Total $ 85,937 $ 91,563 $ 2,009 $ 179,509

Policyholders' Liabilities (Tab

Policyholders' Liabilities (Tables)	3 Months Ended
	Mar. 31, 2023
Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities [Abstract]
Policyholder Account Balance	The balance of and changes in policyholders' account balances as of and for the periods ended are as follows: March 31, 2023 Variable Annuities Variable Life / Universal Life Total (in thousands) Balance, beginning of period $ 16,432,032 $ 18,736,365 $ 35,168,397 Deposits 948,987 530,381 1,479,368 Interest credited 78,629 141,753 220,382 Policy charges (5,729) (451,990) (457,719) Surrenders and withdrawals (113,424) (216,334) (329,758) Benefit payments (10,624) (24,771) (35,395) Net transfers (to) from separate account 10,253 24,911 35,164 Change in market value and other adjustments 191,448 84,425 275,873 Balance, end of period 17,531,572 18,824,740 36,356,312 Reinsurance and other recoverables(1) 319,707 12,834,671 13,154,378 Policyholders' account balance net of reinsurance and other recoverables $ 17,211,865 $ 5,990,069 $ 23,201,934 Unearned revenue reserve 3,234,755 Other 4,208,054 Total Policyholders' account balances $ 43,799,121 Weighted-average crediting rate 1.85 % 3.02 % 2.46 % Net amount at risk(2) $ 0 $ 308,975,503 $ 308,975,503 Cash surrender value(3) $ 15,338,366 $ 17,242,003 $ 32,580,369 (1) The amount of recoverables related to reinsurance agreements that reduce the risk of the policyholders’ account balances gross liability. (2) The net amount at risk calculation includes both general and separate account balances. (3) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. March 31, 2022 Variable Annuities Variable Life / Universal Life Total (in thousands) Balance, beginning of period $ 11,465,411 $ 18,762,548 $ 30,227,959 Deposits 1,288,963 558,688 1,847,651 Interest credited 33,157 139,524 172,681 Policy charges (477) (445,483) (445,960) Surrenders and withdrawals (55,826) (198,073) (253,899) Benefit payments (9,694) (26,561) (36,255) Net transfers (to) from separate account 134,051 76,186 210,237 Change in market value and other adjustments 18,261 (154,054) (135,793) Balance, end of period 12,873,846 18,712,775 31,586,621 Reinsurance and other recoverables(1) 336,619 12,982,489 13,319,108 Policyholders' account balance net of reinsurance and other recoverables $ 12,537,227 $ 5,730,286 $ 18,267,513 Unearned revenue reserve 2,562,252 Other 3,085,191 Total Policyholders' account balances $ 37,234,064 Weighted-average crediting rate 1.09 % 2.98 % 2.23 % Net amount at risk(2) $ 0 $ 314,855,314 $ 314,855,314 Cash surrender value(3) $ 12,035,925 $ 17,060,852 $ 29,096,777 (1) The amount of recoverables related to reinsurance agreements that reduce the risk of the policyholders’ account balances gross liability. (2) The net amount at risk calculation includes both general and separate account balances. (3) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges.
Policyholder Account Balance, Guaranteed Minimum Crediting Rate	The balance of account values by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between rates being credited to policyholders and the respective guaranteed minimums are as follows: March 31, 2023 Range of Guaranteed Minimum Crediting Rate At guaranteed minimum 1 -50 bps above guaranteed minimum 51 -150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total (in thousands) Variable Annuities Less than 1.00% $ 1,004,577 $ 848,029 $ 18,595 $ 2 $ 1,871,203 1.00% - 1.99% 236,212 2,204 1,287 0 239,703 2.00% - 2.99% 25,642 1,916 0 0 27,558 3.00% - 4.00% 1,030,028 2,225 0 0 1,032,253 Greater than 4.00% 2,160 0 0 0 2,160 Total $ 2,298,619 $ 854,374 $ 19,882 $ 2 $ 3,172,877 Variable and Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 10,513 $ 10,513 1.00% - 1.99% 149,551 0 1,071,226 1,948,636 3,169,413 2.00% - 2.99% 32,394 122,790 4,003,885 260,445 4,419,514 3.00% - 4.00% 4,643,346 1,840,308 358,423 0 6,842,077 Greater than 4.00% 2,134,411 0 0 0 2,134,411 Total $ 6,959,702 $ 1,963,098 $ 5,433,534 $ 2,219,594 $ 16,575,928 March 31, 2022 Range of Guaranteed Minimum Crediting Rate At guaranteed minimum 1 - 50 bps above guaranteed minimum 51 -150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total (in thousands) Variable Annuities Less than 1.00% $ 1,078,751 $ 885,373 $ 18,973 $ 2 $ 1,983,099 1.00% - 1.99% 257,667 1,610 0 0 259,277 2.00% - 2.99% 29,943 62 0 0 30,005 3.00% - 4.00% 1,133,842 0 0 0 1,133,842 Greater than 4.00% 2,412 0 0 0 2,412 Total $ 2,502,615 $ 887,045 $ 18,973 $ 2 $ 3,408,635 Variable and Universal Life Less than 1.00% $ 16,915 $ 0 $ 0 $ 0 $ 16,915 1.00% - 1.99% 359,005 0 649,596 1,981,146 2,989,747 2.00% - 2.99% 8,608 0 2,222,796 2,108,919 4,340,323 3.00%- 4.00% 4,718,016 11,418 2,298,924 138,202 7,166,560 Greater than 4.00% 2,101,597 0 0 0 2,101,597 Total $ 7,204,141 $ 11,418 $ 5,171,316 $ 4,228,267 $ 16,615,142
Additional Liability, Long-Duration Insurance	The balance of the changes in URR are as follows: March 31, 2023 Variable Life / Universal Life (in thousands) Balance, beginning of period $ 3,067,335 Unearned revenue 200,262 Amortization expense (32,752) Other adjustments (90) Balance, end of period $ 3,234,755 Reinsurance recoverables 1,583,054 Unearned revenue reserve net of reinsurance recoverables $ 1,651,701 March 31, 2022 Variable Life / Universal Life (in thousands) Balance, beginning of period $ 2,398,788 Unearned revenue 195,794 Amortization expense (32,330) Balance, end of period $ 2,562,252 Reinsurance recoverables 1,401,741 Unearned revenue reserve net of reinsurance recoverables $ 1,160,511

Market Risk Benefits (Tables)

Market Risk Benefits (Tables)	3 Months Ended
	Mar. 31, 2023
Insurance [Abstract]
Market Risk Benefits	The following tables show a rollforward of MRB balances for variable annuity products, along with a reconciliation to the Company’s total net MRB positions as of the following dates: March 31, 2023 Variable Annuities Less: Reinsured Market Risk Benefits Total, Net of Reinsurance (in thousands) Balance, beginning of period $ 4,550,625 $ (422,261) $ 4,128,364 Effect of cumulative changes in non-performance risk 1,727,910 0 1,727,910 Balance, beginning of period, before effect of changes in non-performance risk 6,278,535 (422,261) 5,856,274 Attributed fees collected 293,206 (34,490) 258,716 Claims paid (23,881) 1,653 (22,228) Interest accrual 78,947 (2,290) 76,657 Actual in force different from expected 19,425 (2,389) 17,036 Effect of changes in interest rates 438,057 (49,031) 389,026 Effect of changes in equity markets (635,535) 66,494 (569,041) Effect of changes in current period counterparty non-performance risk 0 18,297 18,297 Other adjustments 77,790 0 77,790 Balance, end of period, before effect of changes in non-performance risk 6,526,544 (424,017) 6,102,527 Effect of cumulative changes in non-performance risk (1,908,334) 0 (1,908,334) Balance, end of period $ 4,618,210 $ (424,017) $ 4,194,193 March 31, 2022 Variable Annuities Less: Reinsured Market Risk Benefits Total, Net of Reinsurance (in thousands) Balance, beginning of period $ 8,884,362 $ (906,484) $ 7,977,878 Effect of cumulative changes in non-performance risk 287,605 0 287,605 Balance, beginning of period, before effect of changes in non-performance risk 9,171,967 (906,484) 8,265,483 Attributed fees collected 336,535 (39,403) 297,132 Claims paid (6,504) 38 (6,466) Interest accrual 6,079 (607) 5,472 Actual in force different from expected 12,607 (2,225) 10,382 Effect of changes in interest rates (2,352,119) 244,066 (2,108,053) Effect of changes in equity markets 841,445 (86,467) 754,978 Effect of changes in current period counterparty non-performance risk 0 112,030 112,030 Balance, end of period, before effect of changes in non-performance risk 8,010,010 (679,052) 7,330,958 Effect of cumulative changes in non-performance risk (1,189,657) 0 (1,189,657) Balance, end of period $ 6,820,353 $ (679,052) $ 6,141,301 The following table presents accompanying information to the rollforward table above. See Note 9 for information on "Net amount at risk". March 31, 2023 March 31, 2022 Variable Annuities ($ in thousands) Net amount at risk $ 10,414,217 $ 4,557,413 Weighted-average attained age of contractholders 69 67 The table below reconciles MRB asset and liability positions as of the following dates: March 31, 2023 March 31, 2022 Variable Annuities (in thousands) Market risk benefit assets $ 1,427,488 $ 1,579,370 Market risk benefit liabilities 5,621,681 7,720,671 Net liability $ 4,194,193 $ 6,141,301

Reinsurance (Tables)

Reinsurance (Tables)	3 Months Ended
	Mar. 31, 2023
Reinsurance Disclosures [Abstract]
Reinsurance Impact on Statements of Financial Position	Reinsurance amounts included in the Company’s Unaudited Interim Consolidated Statements of Financial Position as of March 31, 2023 and December 31, 2022 were as follows: March 31, 2023 December 31, 2022 (in thousands) Reinsurance recoverables(1) $ 37,853,981 $ 37,096,562 Policy loans (1,011,824) (1,011,112) Deferred policy acquisition costs(1) (3,296,599) (3,343,270) Deferred sales inducements(1) (37,515) (38,146) Market risk benefit assets(1) 547,475 543,177 Other assets(1) 1,372,881 1,146,794 Policyholders’ account balances(1) 6,914,263 7,157,639 Future policy benefits(1) 6,597,226 6,320,863 Market risk benefit liabilities(1) 129,074 120,916 Other liabilities(1) 3,269,756 2,891,433 (1) Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts. Unaffiliated reinsurance amounts included in the table above and in the Company's Unaudited Interim Consolidated Statements of Financial Position were as follows: March 31, 2023 December 31, 2022 (in thousands) Deferred policy acquisition costs(1) $ 107,162 $ 111,379 Market risk benefit assets(1) 67,851 64,738 Other assets 1,262,745 1,034,000 Policyholders’ account balances(1) 2,588,686 2,771,961 Future policy benefits 136 0 Market risk benefit liabilities(1) 45,777 40,731 Other liabilities 1,065,070 820,185 (1) Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.
Reinsurance Recoverable by Counterparty	Reinsurance recoverables by counterparty are broken out below: March 31, 2023 December 31, 2022(1) (in thousands) PAR U $ 15,311,792 $ 15,051,337 PURC 7,165,218 6,928,950 PARCC 2,453,049 2,437,589 GUL Re 3,111,960 3,124,697 PAR Term 2,045,923 2,040,599 Prudential Insurance 1,053,167 986,013 Term Re 1,948,562 1,830,197 Lotus Re 1,961,163 1,952,215 DART 650,230 578,462 Unaffiliated 2,152,917 2,166,503 Total reinsurance recoverables $ 37,853,981 $ 37,096,562 (1) Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.
Reinsurance Impact on Statements of Operations and Comprehensive Income (Loss)	Reinsurance amounts, included in the Company’s Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss) for the three months ended March 31, were as follows: Three Months Ended March 31, 2023 2022 (in thousands) Premiums: Direct(1) $ 462,067 $ 473,421 Assumed (156) 1,397 Ceded(1) (385,255) (405,313) Net premiums(1) 76,656 69,505 Policy charges and fee income: Direct(1) 735,938 790,899 Assumed(1) 152,600 146,806 Ceded(1) (502,047) (848,525) Net policy charges and fee income(1) 386,491 89,180 Net investment income: Direct 350,323 195,511 Assumed 343 453 Ceded (1,216) (16,664) Net investment income 349,450 179,300 Asset administration fees: Direct 80,356 97,457 Assumed 0 0 Ceded (16,154) (18,225) Net asset administration fees 64,202 79,232 Other income (loss): Direct 225,734 (348,688) Assumed (293) 39 Ceded(1) 19,406 21,566 Net Other income (loss)(1) 244,847 (327,083) Realized investment gains (losses), net: Direct(1) (245,923) 510,822 Assumed(1) 138,666 (203,984) Ceded(1) (13,422) 46,443 Realized investment gains (losses), net(1) (120,679) 353,281 Change in value of market risk benefits, net of related hedging gain (loss): Direct(1) 33,120 (171,355) Assumed(1) (6,217) 0 Ceded(1) (6,701) (266,513) Net change in value of market risk benefits, net of related hedging gain (loss)(1) 20,202 (437,868) Policyholders’ benefits (including change in reserves): Direct(1) 878,785 854,159 Assumed(1) 317,287 253,037 Ceded(1) (1,090,890) (921,787) Net policyholders’ benefits (including change in reserves)(1) 105,182 185,409 Three Months Ended March 31, 2023 2022 Change in estimates of liability for future policy benefits: Direct(1) (48,501) (9,982) Assumed(1) 1,807 (18,091) Ceded(1) 42,292 25,226 Net change in estimates of liability for future policy benefits(1) (4,402) (2,847) Interest credited to policyholders’ account balances: Direct(1) 222,575 145,870 Assumed 38,506 72,502 Ceded(1) (100,859) (106,353) Net interest credited to policyholders’ account balances(1) 160,222 112,019 Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization(1) (117,830) (117,357) (1) Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts. Unaffiliated reinsurance assumed and ceded amounts included in the table above and in the Company's Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss) were as follows: Three Months Ended March 31, 2023 2022(1) (in thousands) Premiums: Assumed(2) $ (166) $ 40 Ceded(2) (16,575) (11,522) Policy charges and fee income: Assumed 540 0 Ceded (23,938) (18,298) Net investment income: Ceded 10,920 (4,333) Other income (loss): Assumed (293) 39 Ceded 1,622 0 Realized investment gains (losses), net: Assumed 138,666 0 Ceded(2) (14,581) 45,950 Change in value of market risk benefits, net of related hedging gain (loss): Assumed(2) (6,217) 0 Ceded(2) (4,773) (50,873) Policyholders’ benefits (including change in reserves): Assumed 91 109 Ceded(2) (27,702) (18,491) Interest credited to policyholders’ account balances: Assumed 7,469 0 (1) Prior period has been reclassified to conform to the current period presentation (2) Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.
Gross and Net Life Insurance in Force	The gross and net amounts of life insurance face amount in force as of March 31, 2023 and 2022 were as follows: 2023 2022 (in thousands) Direct gross life insurance face amount in force $ 1,098,986,043 $ 1,085,450,111 Assumed gross life insurance face amount in force 36,379,128 37,528,980 Reinsurance ceded (1,012,593,512) (998,722,883) Net life insurance face amount in force $ 122,771,659 $ 124,256,208

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	The balance of and changes in each component of AOCI as of and for the three months ended March 31, 2023 and 2022, are as follows: Accumulated Other Comprehensive Income (Loss) Foreign Net Unrealized Interest Rate Remeasurement of Future Policy Benefits Gain (loss) from Changes in Non-Performance Risk on Market Risk Benefits Total Accumulated (in thousands) Balance, December 31, 2022 $ (20,007) $ (1,474,475) $ 119,368 $ 1,365,049 $ (10,065) Change in OCI before reclassifications 2,666 377,650 (38,224) 180,423 522,515 Amounts reclassified from AOCI 0 4,451 0 0 4,451 Income tax benefit (expense) (181) (80,219) 8,027 (37,889) (110,262) Balance, March 31, 2023 $ (17,522) $ (1,172,593) $ 89,171 $ 1,507,583 $ 406,639 Accumulated Other Comprehensive Income (Loss) Foreign Net Unrealized Interest Rate Remeasurement of Future Policy Benefits Gain (loss) from Changes in Non-Performance Risk on Market Risk Benefits Total Accumulated (in thousands) Balance, December 31, 2021 $ (11,274) $ 306,331 $ (125,809) $ 227,208 $ 396,456 Change in OCI before reclassifications (1,670) (957,454) 118,713 902,052 61,641 Amounts reclassified from AOCI 0 22,931 0 0 22,931 Income tax benefit (expense) 145 196,201 (24,930) (189,429) (18,013) Balance, March 31, 2022 $ (12,799) $ (431,991) $ (32,026) $ 939,831 $ 463,015 (1) Includes cash flow hedges of $118 million and $139 million as of March 31, 2023 and December 31, 2022, respectively, and $53 million and $40 million as of March 31, 2022 and December 31, 2021, respectively .
Reclassification out of Accumulated Other Comprehensive Income	Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended 2023 2022 (in thousands) Amounts reclassified from AOCI(1)(2): Net unrealized investment gains (losses): Cash flow hedges - Currency/Interest rate(3) $ 3,770 $ 13,790 Net unrealized investment gains (losses) on available-for-sale securities (8,221) (36,721) Total net unrealized investment gains (losses)(4) (4,451) (22,931) Total reclassifications for the period $ (4,451) $ (22,931) (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) 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 Other Costs(2) Future Policy Benefits, Policyholders' Account Balances and Other Liabilities(3) Income Tax Accumulated (in thousands) Balance, December 31, 2022 $ 4,371 $ (2,161,026) $ (1,198,422) $ 1,488,679 $ 391,923 $ (1,474,475) Net investment gains (losses) on investments arising during the period (80) 442,527 0 0 (92,889) 349,558 Reclassification adjustment for (gains) losses included in net income (127) 4,578 0 0 (935) 3,516 Impact of net unrealized investment (gains) losses 0 0 289,957 (354,754) 13,605 (51,192) Balance, March 31, 2023 $ 4,164 $ (1,713,921) $ (908,465) $ 1,133,925 $ 311,704 $ (1,172,593) (1) Includes cash flow hedges. See Note 4 for information on cash flow hedges. (2) "Other costs" primarily includes reinsurance recoverables.

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
Affiliated Notes Receivable	Affiliated notes receivable included in “Receivables from parent and affiliates” at March 31, 2023 and December 31, 2022 were as follows: Maturity Dates Interest Rates March 31, 2023 December 31, 2022 (in thousands) U.S. dollar fixed rate notes 2025 - 2027 0.00% - 14.85 % $ 148,996 $ 148,076 Total notes receivable - affiliated(1) $ 148,996 $ 148,076 (1) All notes receivable may be called for prepayment prior to the respective maturity dates under specified circumstances.
Affiliated Commercial Mortgage Loan	The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: March 31, 2023 December 31, 2022 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Apartments/Multi-Family $ 1,287,854 25.3 % $ 1,289,026 26.0 % Hospitality 103,717 2.0 104,177 2.1 Industrial 1,890,743 37.1 1,766,247 35.8 Office 588,536 11.6 590,897 11.9 Other 380,518 7.5 380,121 7.7 Retail 369,908 7.3 351,457 7.1 Total commercial mortgage loans 4,621,276 90.8 4,481,925 90.6 Agricultural property loans 471,441 9.2 467,018 9.4 Total commercial mortgage and agricultural property loans 5,092,717 100.0 % 4,948,943 100.0 % Allowance for credit losses (21,410) (20,263) Total net commercial mortgage and agricultural property loans $ 5,071,307 $ 4,928,680 The affiliated commercial mortgage loan included in "Commercial mortgage and other loans" at March 31, 2023 and December 31, 2022 were as follows: Maturity Date Interest Rate March 31, 2023 December 31, 2022 (in thousands) Affiliated Commercial Mortgage Loan 2025 9.20 % $ 71,928 $ 72,225
Affiliated Asset Transfers	The table below shows affiliated asset trades for the three months ended March 31, 2023 and for the year ended December 31, 2022. Affiliate Date Transaction Security Type Fair Value Book Value APIC, Net of Tax Increase/(Decrease) Realized (in thousands) 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 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 Prudential Insurance July 2022 Transfer In Fixed Maturities $ 6,319 $ 7,230 $ 719 $ 0 PAR U July 2022 Purchase Fixed Maturities $ 16,284 $ 16,284 $ 0 $ 0 Prudential Insurance August 2022 Purchase Fixed Maturities $ 155,823 $ 139,712 $ (12,728) $ 0 Vantage Casualty Insurance Co September 2022 Purchase Fixed Maturities $ 3,497 $ 3,497 $ 0 $ 0 WH Warehouse Ltd October 2022 Sale Fixed Maturities $ 26,536 $ 26,388 $ 0 $ 148 PAR U November 2022 Purchase Fixed Maturities $ 91,051 $ 91,051 $ 0 $ 0 Prudential Insurance December 2022 Purchase Fixed Maturities $ 67,477 $ 71,369 $ 3,075 $ 0 Prudential Insurance January 2023 Purchase Fixed Maturities $ 48,329 $ 50,372 $ 1,614 $ 0 Prudential Insurance March 2023 Purchase Fixed Maturities $ 7,175 $ 7,500 $ 256 $ 0
Debt Agreements	The following table provides the breakout of the Company's long-term debt to affiliates as of March 31, 2023 and December 31, 2022: Affiliate Date Amount of Notes - March 31, 2023 Amount of Notes - December 31, 2022 Interest Rate Date of Maturity (in thousands) Prudential Insurance 8/13/2021 $ 95,885 $ 96,666 4.39 % 12/15/2023 Prudential Insurance 8/13/2021 28,766 29,000 4.39 % 12/15/2023 Prudential Insurance 8/13/2021 96,989 97,665 3.95 % 6/20/2024 Prudential Insurance 8/13/2021 38,796 39,066 3.95 % 6/20/2024 Prudential Insurance 8/13/2021 48,495 48,832 3.95 % 6/20/2024 Prudential Funding LLC 12/28/2022 0 138 4.73 % 1/31/2023 Prudential Funding LLC 12/29/2022 0 62 4.73 % 1/31/2023 Prudential Funding LLC 12/30/2022 0 384 4.73 % 1/31/2023 Prudential Funding LLC 3/24/2023 377 0 5.31 % 4/24/2023 Prudential Funding LLC 3/27/2023 233 0 5.31 % 4/28/2023 Prudential Funding LLC 3/28/2023 459 0 5.31 % 4/28/2023 Prudential Funding LLC 3/29/2023 46 0 5.31 % 4/28/2023 Prudential Funding LLC 3/30/2023 150 0 5.31 % 4/28/2023 Total Loans Payable to Affiliates $ 310,196 $ 311,813

Business and Basis of Present_3

Business and Basis of Presentation (Narrative) (Details)	3 Months Ended
	Mar. 31, 2023 subsidiary
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number Of Subsidiaries	1
Adoption of ASU 2018-12 for LDTI	Accounting Standards Update 2018-12 [Member]

Business and Basis of Present_4

Business and Basis of Presentation (Summary Of Adoption Of New Guidance On Unaudited Interim Consolidated Statement For Financial Position) (Details) - USD ($) $ in Thousands		Mar. 31, 2023		Jan. 01, 2023	Dec. 31, 2022		Mar. 31, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred policy acquisition costs		$ 7,039,669	[1]		$ 6,930,425	[1]	$ 6,609,213	$ 7,029,307	$ 2,493,082
Reinsurance recoverables	[1]	37,853,981			37,096,562
Deferred sales inducements	[1]	374,826			381,504
Income tax assets	[1]	1,528,426			1,694,751
Market Risk Benefit, Asset		1,427,488			1,393,237
Other Assets	[1]	1,500,270			1,331,427
TOTAL ASSETS		200,979,254			193,473,118
Policyholders’ account balances		43,799,121	[1]		41,912,536	[1]	37,234,064
Future policy benefits		21,759,543	[1]		20,829,033	[1]	$ 20,107,861
Market risk benefit liabilities		5,621,681			5,521,601
Other liabilities	[1]	4,123,022			3,597,373
Total liabilities		194,839,806			188,436,923
Retained earnings / (accumulated deficit)	[1]	(714,475)			(994,154)
Accumulated other comprehensive income (loss)	[1]	406,639			(10,065)
Total equity		6,139,448			5,036,195
TOTAL LIABILITIES AND EQUITY		$ 200,979,254			193,473,118
As Previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred policy acquisition costs					6,616,097					$ 2,433,936
Reinsurance recoverables					34,561,825
Deferred sales inducements					275,574
Income tax assets					1,873,740
Market Risk Benefit, Asset					0
Other Assets					1,327,393
TOTAL ASSETS					189,299,841
Policyholders’ account balances					41,748,241
Future policy benefits					23,204,533
Market risk benefit liabilities					0
Other liabilities					3,407,156
Total liabilities					184,936,310
Retained earnings / (accumulated deficit)					(95,583)
Accumulated other comprehensive income (loss)					(1,581,300)
Total equity					4,363,531
TOTAL LIABILITIES AND EQUITY					189,299,841
Change of Effect
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred policy acquisition costs					314,328				74,702
Reinsurance recoverables					2,534,737
Deferred sales inducements					105,930
Income tax assets					(178,989)
Market Risk Benefit, Asset					1,393,237
Other Assets					4,034
TOTAL ASSETS					4,173,277
Policyholders’ account balances					164,295
Future policy benefits					(2,375,500)
Market risk benefit liabilities					5,521,601
Other liabilities					190,217
Total liabilities					3,500,613
Retained earnings / (accumulated deficit)					(898,571)
Accumulated other comprehensive income (loss)					1,571,235
Total equity				$ 673,000	672,664				$ (271,000)
TOTAL LIABILITIES AND EQUITY					$ 4,173,277
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Business and Basis of Present_5

Business and Basis of Presentation (Summary Of Adoption Of New Guidance On Unaudited Interim Consolidated Statement of Operations) (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023		Mar. 31, 2022
REVENUES
Premiums	[1]	$ 76,656		$ 69,505
Policy charges and fee income	[1]	386,491		89,180
Other income (loss)	[1]	244,847		(327,083)
Realized Investment gains (losses), net		(120,679)	[1]	353,281	[2]
Change in value of market risk benefits, net of related hedging gain (loss)	[2]	20,202		(437,868)
TOTAL REVENUES		1,021,169		5,547
BENEFITS AND EXPENSES
Policyholders' benefits		105,182	[1]	185,409
Change in estimates of liability for future policy benefits(1)		(4,402)		(2,847)
Interest credited to policyholders’ account balances	[1]	160,222		112,019
Amortization of deferred policy acquisition costs	[1]	137,495		125,075
General, administrative and other expenses	[1]	286,647		266,950
TOTAL BENEFITS AND EXPENSES		685,144		686,606
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE		336,025		(681,059)
Income tax expense (benefit)		56,239	[1]	(198,848)
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE		279,786		(482,211)
NET INCOME (LOSS)	[2]	279,679		(482,207)
Other comprehensive income (loss), before tax:
Net unrealized investment gains (losses)	[1]	382,101		(934,523)
Interest rate remeasurement of future policy benefits		(38,224)		118,713
Gain (loss) from changes in non-performance risk on market risk benefits		180,423		902,052
Total		526,966		84,572
Less: Income tax expense (benefit) related to other comprehensive income (loss)	[1]	110,262		18,013
Other Comprehensive Income (Loss), Net of Tax		416,704		66,559
Comprehensive income (loss)		$ 696,383		(415,648)
As Previously Reported
REVENUES
Premiums				74,245
Policy charges and fee income				191,562
Other income (loss)				(327,604)
Realized Investment gains (losses), net				784,107
Change in value of market risk benefits, net of related hedging gain (loss)				0
TOTAL REVENUES				980,842
BENEFITS AND EXPENSES
Policyholders' benefits				219,764
Change in estimates of liability for future policy benefits(1)				0
Interest credited to policyholders’ account balances				163,526
Amortization of deferred policy acquisition costs				359,547
General, administrative and other expenses				267,697
TOTAL BENEFITS AND EXPENSES				1,010,534
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE				(29,692)
Income tax expense (benefit)				(4,701)
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE				(24,991)
NET INCOME (LOSS)				(24,987)
Other comprehensive income (loss), before tax:
Net unrealized investment gains (losses)				(1,015,998)
Interest rate remeasurement of future policy benefits				0
Gain (loss) from changes in non-performance risk on market risk benefits				0
Total				(1,017,668)
Less: Income tax expense (benefit) related to other comprehensive income (loss)				(213,458)
Other Comprehensive Income (Loss), Net of Tax				(804,210)
Comprehensive income (loss)				(829,197)
Change of Effect
REVENUES
Premiums				(4,740)
Policy charges and fee income				(102,382)
Other income (loss)				521
Realized Investment gains (losses), net				(430,826)
Change in value of market risk benefits, net of related hedging gain (loss)				(437,868)
TOTAL REVENUES				(975,295)
BENEFITS AND EXPENSES
Policyholders' benefits				(34,355)
Change in estimates of liability for future policy benefits(1)				(2,847)
Interest credited to policyholders’ account balances				(51,507)
Amortization of deferred policy acquisition costs				(234,472)
General, administrative and other expenses				(747)
TOTAL BENEFITS AND EXPENSES				(323,928)
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE				(651,367)
Income tax expense (benefit)				(194,147)
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE				(457,220)
NET INCOME (LOSS)				(457,220)
Other comprehensive income (loss), before tax:
Net unrealized investment gains (losses)				81,475
Interest rate remeasurement of future policy benefits				118,713
Gain (loss) from changes in non-performance risk on market risk benefits				902,052
Total				1,102,240
Less: Income tax expense (benefit) related to other comprehensive income (loss)				231,471
Other Comprehensive Income (Loss), Net of Tax				870,769
Comprehensive income (loss)				$ 413,549
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Business and Basic Presentation

Business and Basic Presentation (Summary Of Adoption Of New Guidance On Unaudited Interim Consolidated Statement of Cash Flows) (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023		Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
NET INCOME (LOSS)	[1]	$ 279,679		$ (482,207)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Policy charges and fee income	[1]	17,704		39,967
Interest credited to policyholders’ account balances	[1]	160,222		112,019
Realized investment (gains) losses, net		120,679	[2]	(353,281)	[1]
Change in value of market risk benefits, net of related hedging (gains) losses	[1]	(20,202)		437,868
Change in:
Future policy benefits and other insurance liabilities	[1]	484,712		422,575
Reinsurance recoverables	[1]	(45,521)		128,176
Deferred policy acquisition costs	[1]	(109,244)		(121,091)
Income taxes	[1]	55,566		(275,052)
Other, net	[1],[3]	(76,628)		1,042,096
Cash flows from (used in) operating activities		$ 584,554		(5,902)
As Previously Reported
CASH FLOWS FROM OPERATING ACTIVITIES:
NET INCOME (LOSS)				(24,987)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Policy charges and fee income				(21,815)
Interest credited to policyholders’ account balances				163,526
Realized investment (gains) losses, net				(784,107)
Change in value of market risk benefits, net of related hedging (gains) losses				0
Change in:
Future policy benefits and other insurance liabilities				429,299
Reinsurance recoverables				61,230
Deferred policy acquisition costs				113,058
Income taxes				(78,724)
Other, net				1,093,590
Cash flows from (used in) operating activities				(5,902)
Change of Effect
CASH FLOWS FROM OPERATING ACTIVITIES:
NET INCOME (LOSS)				(457,220)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Policy charges and fee income				61,782
Interest credited to policyholders’ account balances				(51,507)
Realized investment (gains) losses, net				430,826
Change in value of market risk benefits, net of related hedging (gains) losses				437,868
Change in:
Future policy benefits and other insurance liabilities				(6,724)
Reinsurance recoverables				66,946
Deferred policy acquisition costs				(234,149)
Income taxes				(196,328)
Other, net				(51,494)
Cash flows from (used in) operating activities				$ 0
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[3]Prior period has been reclassified to conform to the current period presentation.

Business and Basis of Present_6

Business and Basis of Presentation (Transition Adjustment Roll Forward Of Retained Earnings) (Details) - Retained Earnings / (Accumulated Deficit) $ in Thousands	Jan. 01, 2021 USD ($)
Retained Earnings Transition Adjustment [Roll Forward]
Balance after-tax, after transition	$ 1,167,252
As Previously Reported
Retained Earnings Transition Adjustment [Roll Forward]
Balance after-tax, prior to transition	1,772,398
Change of Effect
Retained Earnings Transition Adjustment [Roll Forward]
Reclassification of market risk benefits non-performance risk to accumulated other comprehensive income	(722,837)
Updates to certain universal life contract liabilities	(116,120)
Other	72,950
Total pre-tax adjustments	(766,007)
Tax impacts	$ 160,861

Business and Basis of Present_7

Business and Basis of Presentation (Transition Adjustment Roll Forward Of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands			3 Months Ended
		Jan. 01, 2021	Mar. 31, 2023	Mar. 31, 2022
Accumulated Other Comprehensive Income Transition Adjustment [Roll Forward]
Beginning Balance	[1]		$ (10,065)
Ending Balance	[1]		406,639
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income Transition Adjustment [Roll Forward]
Beginning Balance			(10,065)	$ 396,456
Ending Balance		$ 880,548	406,639	$ 463,015
As Previously Reported
Accumulated Other Comprehensive Income Transition Adjustment [Roll Forward]
Beginning Balance			(1,581,300)
As Previously Reported | Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income Transition Adjustment [Roll Forward]
Beginning Balance		546,128
Change of Effect
Accumulated Other Comprehensive Income Transition Adjustment [Roll Forward]
Beginning Balance			$ 1,571,235
Change of Effect | Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income Transition Adjustment [Roll Forward]
Interest rate remeasurement of future policy benefits		(196,526)
Reclassification of market risk benefits non-performance risk to accumulated other comprehensive income		722,837
Unwinding amounts related to unrealized investment gains and losses		(102,042)
Change in operating joint ventures		(753)
Total pre-tax adjustments		423,516
Tax impacts		$ (89,096)
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Business and Basis of Present_8

Business and Basis of Presentation (Schedule of Deferred Policy Acquisition Costs) (Details) - USD ($) $ in Thousands	Mar. 31, 2023		Dec. 31, 2022		Mar. 31, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Deferred Policy Acquisition Cost [Line Items]
Balance	$ 7,039,669	[1]	$ 6,930,425	[1]	$ 6,609,213	$ 7,029,307	$ 2,493,082
As Previously Reported
Deferred Policy Acquisition Cost [Line Items]
Balance			6,616,097					$ 2,433,936
Change of Effect
Deferred Policy Acquisition Cost [Line Items]
Balance			314,328				74,702
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Other							(15,556)
Term Life
Deferred Policy Acquisition Cost [Line Items]
Balance	666,538		648,836		599,278	577,084	462,099
Term Life | As Previously Reported
Deferred Policy Acquisition Cost [Line Items]
Balance								462,098
Term Life | Change of Effect
Deferred Policy Acquisition Cost [Line Items]
Balance							0
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Other							1
Variable/Universal Life
Deferred Policy Acquisition Cost [Line Items]
Balance	$ 2,546,986		$ 2,442,883		$ 2,128,615	$ 2,561,011	2,030,983
Variable/Universal Life | As Previously Reported
Deferred Policy Acquisition Cost [Line Items]
Balance								$ 1,971,838
Variable/Universal Life | Change of Effect
Deferred Policy Acquisition Cost [Line Items]
Balance							74,702
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Other							$ (15,557)
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Business and Basis of Present_9

Business and Basis of Presentation (Schedule of Deferred Reinsurance) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 18,505,583		$ 19,366,649
Deferred Reinsurance Losses
Liability for Future Policy Benefit, Activity [Line Items]
Balance					$ 362,347
As Previously Reported | Deferred Reinsurance Losses
Liability for Future Policy Benefit, Activity [Line Items]
Balance						$ 233,678
Unwinding amounts related to unrealized investment gains and losses | Deferred Reinsurance Losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change					14,804
Effect of change in reserve basis to market risk benefits | Deferred Reinsurance Losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change					141,032
Effect of change in SOP 03-1 reserve basis | Deferred Reinsurance Losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change					(27,167)
Variable Annuities | Deferred Reinsurance Losses
Liability for Future Policy Benefit, Activity [Line Items]
Balance					274,415
Variable Annuities | As Previously Reported | Deferred Reinsurance Losses
Liability for Future Policy Benefit, Activity [Line Items]
Balance						118,579
Variable Annuities | Unwinding amounts related to unrealized investment gains and losses | Deferred Reinsurance Losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change					14,804
Variable Annuities | Effect of change in reserve basis to market risk benefits | Deferred Reinsurance Losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change					141,032
Variable Annuities | Effect of change in SOP 03-1 reserve basis | Deferred Reinsurance Losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change					0
Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 18,288,046	$ 17,835,251	$ 19,139,797	$ 20,937,097
Term Life | Deferred Reinsurance Losses
Liability for Future Policy Benefit, Activity [Line Items]
Balance					87,932
Term Life | As Previously Reported | Deferred Reinsurance Losses
Liability for Future Policy Benefit, Activity [Line Items]
Balance						87,932
Term Life | Unwinding amounts related to unrealized investment gains and losses | Deferred Reinsurance Losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change					0
Term Life | Effect of change in reserve basis to market risk benefits | Deferred Reinsurance Losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change					0
Term Life | Effect of change in SOP 03-1 reserve basis | Deferred Reinsurance Losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change					0
Variable/Universal Life | Deferred Reinsurance Losses
Liability for Future Policy Benefit, Activity [Line Items]
Balance					0
Variable/Universal Life | Deferred Reinsurance Gain
Liability for Future Policy Benefit, Activity [Line Items]
Balance					174,259
Variable/Universal Life | As Previously Reported | Deferred Reinsurance Losses
Liability for Future Policy Benefit, Activity [Line Items]
Balance						27,167
Variable/Universal Life | As Previously Reported | Deferred Reinsurance Gain
Liability for Future Policy Benefit, Activity [Line Items]
Balance						$ 134,213
Variable/Universal Life | Unwinding amounts related to unrealized investment gains and losses | Deferred Reinsurance Losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change					0
Variable/Universal Life | Effect of change in reserve basis to market risk benefits | Deferred Reinsurance Losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change					0
Variable/Universal Life | Effect of change in SOP 03-1 reserve basis | Deferred Reinsurance Losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change					(27,167)
Variable/Universal Life | Effect of change in SOP 03-1 reserve basis | Deferred Reinsurance Gain
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change					$ 40,046

Business and Basis of Presen_10

Business and Basis of Presentation (Liability for Future Policy Benefit-Benefits Reserve) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance after transition, at current discount rate	$ 18,505,583		$ 19,366,649
Reinsurance recoverable	6,736,430		7,119,743
Balance after reinsurance recoverable, end of period, post-flooring	691,774		726,127
Benefit Reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance					$ 8,522,254
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance after transition, at current discount rate					14,299,073
Reinsurance recoverable					13,728,627
Balance after reinsurance recoverable, end of period, post-flooring					570,446
As Previously Reported | Benefit Reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance						$ 8,486,563
Changes in cash flow assumptions and other activity | Benefit Reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change					35,691
Cumulative changes in discount rate assumptions | Benefit Reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change					5,776,819
Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Balance	18,762,311	$ 18,797,285	17,359,212	$ 17,329,822
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance after transition, at current discount rate	18,288,046	$ 17,835,251	19,139,797	$ 20,937,097
Reinsurance recoverable	6,719,094		7,101,936
Balance after reinsurance recoverable, end of period, post-flooring	$ 493,628		$ 519,765
Term Life | Benefit Reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance					6,674,231
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance after transition, at current discount rate					9,106,241
Reinsurance recoverable					8,536,200
Balance after reinsurance recoverable, end of period, post-flooring					570,041
Term Life | As Previously Reported | Benefit Reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance						6,674,490
Term Life | Changes in cash flow assumptions and other activity | Benefit Reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change					(259)
Term Life | Cumulative changes in discount rate assumptions | Benefit Reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change					2,432,010
Life Insurance - Taiwan | Benefit Reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance					1,635,562
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance after transition, at current discount rate					4,952,553
Reinsurance recoverable					4,952,553
Balance after reinsurance recoverable, end of period, post-flooring					0
Life Insurance - Taiwan | As Previously Reported | Benefit Reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance						1,592,329
Life Insurance - Taiwan | Changes in cash flow assumptions and other activity | Benefit Reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change					43,233
Life Insurance - Taiwan | Cumulative changes in discount rate assumptions | Benefit Reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change					3,316,991
Other | Benefit Reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance					212,461
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance after transition, at current discount rate					240,279
Reinsurance recoverable					239,874
Balance after reinsurance recoverable, end of period, post-flooring					405
Other | As Previously Reported | Benefit Reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance						$ 219,744
Other | Changes in cash flow assumptions and other activity | Benefit Reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change					(7,283)
Other | Cumulative changes in discount rate assumptions | Benefit Reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change					$ 27,818

Business and Basis of Presen_11

Business and Basis of Presentation (Liability for Future Policy Benefit-Deferred Profit Liability) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 18,505,583	$ 19,366,649
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Reinsurance recoverable	6,736,430	7,119,743
Balance after reinsurance recoverable, end of period, post-flooring	$ 691,774	$ 726,127
Deferred Profit Liaibility
Liability for Future Policy Benefit, Activity [Line Items]
Balance			$ 52,666
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Reinsurance recoverable			52,666
Balance after reinsurance recoverable, end of period, post-flooring			0
Deferred Profit Liaibility | As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				$ 50,816
Deferred Profit Liaibility | Changes in benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in benefit reserves			1,850
Deferred Profit Liaibility | Life Insurance - Taiwan
Liability for Future Policy Benefit, Activity [Line Items]
Balance			42,456
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Reinsurance recoverable			42,456
Balance after reinsurance recoverable, end of period, post-flooring			0
Deferred Profit Liaibility | Life Insurance - Taiwan | As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				49,127
Deferred Profit Liaibility | Life Insurance - Taiwan | Changes in benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in benefit reserves			(6,671)
Deferred Profit Liaibility | Other
Liability for Future Policy Benefit, Activity [Line Items]
Balance			10,210
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Reinsurance recoverable			10,210
Balance after reinsurance recoverable, end of period, post-flooring			0
Deferred Profit Liaibility | Other | As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				$ 1,689
Deferred Profit Liaibility | Other | Changes in benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in benefit reserves			$ 8,521

Business and Basis of Presen_12

Business and Basis of Presentation (Additional Insurance Reserves) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 18,505,583	$ 19,366,649
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Reinsurance recoverable	6,736,430	7,119,743
Balance after reinsurance recoverable, end of period, post-flooring	$ 691,774	$ 726,127
Additional insurance reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance			$ 10,878,087
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition, excluding amounts related to unrealized investment gains and losses			9,708,115
Balance after transition, excluding amounts related to unrealized investment gains and losses			9,708,115
Amounts related to unrealized investment gains and losses after transition			1,169,972
Reinsurance recoverable			10,685,150
Balance after reinsurance recoverable, end of period, post-flooring			192,937
Additional insurance reserves | As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				$ 9,951,896
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition, excluding amounts related to unrealized investment gains and losses			8,471,196
Balance after transition, excluding amounts related to unrealized investment gains and losses			8,471,196
Additional insurance reserves | Unwinding amounts related to unrealized investment gains and losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change			(1,480,700)
Additional insurance reserves | Reclassification of future policy benefits additional insurance reserves to market risk benefits
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change			(534,422)
Additional insurance reserves | Updates to certain universal life contract liabilities
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change			1,771,341
Additional insurance reserves | Variable/Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Balance			10,878,087
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition, excluding amounts related to unrealized investment gains and losses			9,708,115
Balance after transition, excluding amounts related to unrealized investment gains and losses			9,708,115
Amounts related to unrealized investment gains and losses after transition			1,169,972
Reinsurance recoverable			10,685,150
Balance after reinsurance recoverable, end of period, post-flooring			192,937
Additional insurance reserves | Variable/Universal Life | As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				9,363,585
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition, excluding amounts related to unrealized investment gains and losses			7,936,774
Balance after transition, excluding amounts related to unrealized investment gains and losses			7,936,774
Additional insurance reserves | Variable/Universal Life | Unwinding amounts related to unrealized investment gains and losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change			(1,426,811)
Additional insurance reserves | Variable/Universal Life | Reclassification of future policy benefits additional insurance reserves to market risk benefits
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change			0
Additional insurance reserves | Variable/Universal Life | Updates to certain universal life contract liabilities
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change			1,771,341
Additional insurance reserves | Variable Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Balance			0
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition, excluding amounts related to unrealized investment gains and losses			0
Balance after transition, excluding amounts related to unrealized investment gains and losses			0
Amounts related to unrealized investment gains and losses after transition			0
Reinsurance recoverable			0
Balance after reinsurance recoverable, end of period, post-flooring			0
Additional insurance reserves | Variable Annuities | As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				$ 588,311
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition, excluding amounts related to unrealized investment gains and losses			534,422
Balance after transition, excluding amounts related to unrealized investment gains and losses			534,422
Additional insurance reserves | Variable Annuities | Unwinding amounts related to unrealized investment gains and losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change			(53,889)
Additional insurance reserves | Variable Annuities | Reclassification of future policy benefits additional insurance reserves to market risk benefits
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change			(534,422)
Additional insurance reserves | Variable Annuities | Updates to certain universal life contract liabilities
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Cash flow change			$ 0

Business and Basis of Presen_13

Business and Basis of Presentation (Unearned Revenue Reserves) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance	$ 13,252,702	$ 12,664,445	$ 11,121,489	$ 11,660,527
Unwinding amounts related to unrealized investment gains and losses and other activity		$ (32,188)		$ (42,272)
Less: Reinsurance recoverables	13,029,847		10,902,945
Balance after transition, net of reinsurance recoverable	$ 222,855		$ 218,544
Variable/Universal Life | Policyholder Contract Deposit
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance					$ 1,745,268
Less: Reinsurance recoverables					751,517
Balance after transition, net of reinsurance recoverable					993,751
Variable/Universal Life | As Previously Reported | Policyholder Contract Deposit
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance						$ 1,377,669
Variable/Universal Life | Changes in benefit reserves | Policyholder Contract Deposit
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Unwinding amounts related to unrealized investment gains and losses and other activity					$ 367,599

Business and Basis of Presen_14

Business and Basis of Presentation (Market Risk Benefit, Activity) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Variable Annuities
Market Risk Benefit [Roll Forward]
Net liability	$ 4,194,193	$ 4,550,625	$ 6,141,301	$ 8,884,362	$ (12,032)
Variable Annuities | As Previously Reported
Market Risk Benefit [Roll Forward]
Net liability						$ 13,227,814
Variable Annuities | Additional insurance reserves to be reclassed to market risk benefits, prior to transition, excluding amounts related to unrealized investment gains and losses
Market Risk Benefit [Roll Forward]
Net liability					534,422
Variable Annuities | Total liability prior to transition
Market Risk Benefit [Roll Forward]
Net liability					13,762,236
Variable Annuities | Change in reserve basis to market risk benefits framework
Market Risk Benefit [Roll Forward]
Net liability					(184,693)
Variable Annuities | Market risk benefits after transition, at current non-performance risk value
Market Risk Benefit [Roll Forward]
Net liability					13,577,543
Variable Annuities | Less: Reinsured market risk benefits
Market Risk Benefit [Roll Forward]
Net liability					13,589,575
Variable Annuities | Market risk benefits after transition, at contract inception non-performance risk value
Market Risk Benefit [Roll Forward]
Net liability					13,577,543
Variable Annuities | Cumulative change in non-performance risk
Market Risk Benefit [Roll Forward]
Net liability					722,837
Individual Variable | Market risk benefits after transition, at contract inception non-performance risk value | Retirement Strategies
Market Risk Benefit [Roll Forward]
Net liability					$ 14,300,380

Business and Basis of Presen_15

Business and Basis of Presentation (Cost Of Reinsurance) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition	$ 13,252,702	$ 12,664,445	$ 11,121,489	$ 11,660,527
Unwinding amounts related to unrealized investment gains and losses and other activity		$ (32,188)		$ (42,272)
Amounts related to unrealized investment gains and losses after transition	13,029,847		10,902,945
Balance after transition	$ 222,855		$ 218,544
Variable/Universal Life | Other liabilities
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition					$ 437,315
Amounts related to unrealized investment gains and losses after transition					191,098
Balance after transition					628,413
Variable/Universal Life | As Previously Reported | Other liabilities
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition						$ 602,294
Variable/Universal Life | Unwinding amounts related to unrealized investment gains and losses | Other liabilities
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Unwinding amounts related to unrealized investment gains and losses and other activity					(246,899)
Variable/Universal Life | Balance prior to transition, excluding amounts related to unrealized investment gains and losses | Other liabilities
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition					355,395
Variable/Universal Life | Impact from updates to certain universal life contract liabilities | Other liabilities
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Unwinding amounts related to unrealized investment gains and losses and other activity					$ 81,920

Significant Accounting Polici_3

Significant Accounting Policies and Pronouncements (Narratives) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jan. 01, 2023	Dec. 31, 2022	Jan. 01, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity	$ 6,139,448		$ 5,036,195
Change of Effect
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity		$ 673,000	$ 672,664	$ (271,000)

Investments (Fixed Maturities S

Investments (Fixed Maturities Securities Excluding Investments Classified as Trading) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 23,394,831	$ 21,311,087
Allowance for Credit Losses	3,727	4,769
Fair Value	21,576,351	19,025,401
Fixed maturities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	23,394,831	21,311,087
Gross Unrealized Gains	162,676	72,582
Gross Unrealized Losses	1,977,429	2,353,499
Allowance for Credit Losses	3,727	4,769
Fair Value	21,576,351	19,025,401
Fixed maturities | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	393,303	354,348
Gross Unrealized Gains	1,431	300
Gross Unrealized Losses	60,356	72,856
Allowance for Credit Losses	0	0
Fair Value	334,378	281,792
Fixed maturities | Obligations of U.S. states and their political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	667,170	654,884
Gross Unrealized Gains	6,379	4,275
Gross Unrealized Losses	21,034	30,959
Allowance for Credit Losses	0	0
Fair Value	652,515	628,200
Fixed maturities | Foreign government bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	336,462	330,967
Gross Unrealized Gains	1,465	1,140
Gross Unrealized Losses	53,779	58,640
Allowance for Credit Losses	0	5
Fair Value	284,148	273,462
Fixed maturities | U.S. public corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	8,853,155	7,414,790
Gross Unrealized Gains	57,490	21,299
Gross Unrealized Losses	828,895	992,145
Allowance for Credit Losses	1,333	0
Fair Value	8,080,417	6,443,944
Fixed maturities | U.S. private corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	4,223,059	4,140,734
Gross Unrealized Gains	22,143	13,071
Gross Unrealized Losses	273,159	335,205
Allowance for Credit Losses	2,366	1,871
Fair Value	3,969,677	3,816,729
Fixed maturities | Foreign public corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,713,147	1,539,172
Gross Unrealized Gains	4,616	2,455
Gross Unrealized Losses	144,369	163,384
Allowance for Credit Losses	21	21
Fair Value	1,573,373	1,378,222
Fixed maturities | Foreign private corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	4,330,680	4,338,585
Gross Unrealized Gains	52,856	19,761
Gross Unrealized Losses	492,024	589,153
Allowance for Credit Losses	0	2,863
Fair Value	3,891,512	3,766,330
Fixed maturities | Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,612,625	1,467,955
Gross Unrealized Gains	10,641	6,976
Gross Unrealized Losses	24,991	32,577
Allowance for Credit Losses	0	0
Fair Value	1,598,275	1,442,354
Fixed maturities | Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	852,719	727,159
Gross Unrealized Gains	135	94
Gross Unrealized Losses	71,582	69,101
Allowance for Credit Losses	0	0
Fair Value	781,272	658,152
Fixed maturities | Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	412,511	342,493
Gross Unrealized Gains	5,520	3,211
Gross Unrealized Losses	7,240	9,479
Allowance for Credit Losses	7	9
Fair Value	$ 410,784	$ 336,216

Investments (Fair Value and Los

Investments (Fair Value and Losses by Investment Category and Length of Time in a Loss Position) (Details) - Fixed maturities - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	$ 6,104,364	$ 10,575,622
Less than Twelve Months, Gross Unrealized Losses	219,044	925,410
Twelve Months or More, Fair Value	9,549,545	5,707,596
Twelve Months or More, Gross Unrealized Losses	1,758,337	1,428,069
Total, Fair Value	15,653,909	16,283,218
Total, Gross Unrealized Losses	1,977,381	2,353,479
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	1,261	212,991
Less than Twelve Months, Gross Unrealized Losses	47	46,928
Twelve Months or More, Fair Value	226,808	62,630
Twelve Months or More, Gross Unrealized Losses	60,309	25,928
Total, Fair Value	228,069	275,621
Total, Gross Unrealized Losses	60,356	72,856
Obligations of U.S. states and their political subdivisions
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	177,246	307,734
Less than Twelve Months, Gross Unrealized Losses	3,715	16,851
Twelve Months or More, Fair Value	131,870	61,915
Twelve Months or More, Gross Unrealized Losses	17,319	14,108
Total, Fair Value	309,116	369,649
Total, Gross Unrealized Losses	21,034	30,959
Foreign government bonds
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	51,873	139,577
Less than Twelve Months, Gross Unrealized Losses	2,735	19,435
Twelve Months or More, Fair Value	204,214	111,371
Twelve Months or More, Gross Unrealized Losses	51,044	39,205
Total, Fair Value	256,087	250,948
Total, Gross Unrealized Losses	53,779	58,640
U.S. public corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	2,412,858	3,873,275
Less than Twelve Months, Gross Unrealized Losses	79,317	389,937
Twelve Months or More, Fair Value	3,476,659	1,979,725
Twelve Months or More, Gross Unrealized Losses	749,576	602,208
Total, Fair Value	5,889,517	5,853,000
Total, Gross Unrealized Losses	828,893	992,145
U.S. private corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	1,626,805	2,506,932
Less than Twelve Months, Gross Unrealized Losses	66,067	157,853
Twelve Months or More, Fair Value	1,568,743	948,686
Twelve Months or More, Gross Unrealized Losses	207,075	177,352
Total, Fair Value	3,195,548	3,455,618
Total, Gross Unrealized Losses	273,142	335,205
Foreign public corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	440,424	548,083
Less than Twelve Months, Gross Unrealized Losses	8,543	40,508
Twelve Months or More, Fair Value	786,528	596,437
Twelve Months or More, Gross Unrealized Losses	135,797	122,856
Total, Fair Value	1,226,952	1,144,520
Total, Gross Unrealized Losses	144,340	163,364
Foreign private corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	643,840	1,772,413
Less than Twelve Months, Gross Unrealized Losses	31,960	199,124
Twelve Months or More, Fair Value	2,170,834	1,479,608
Twelve Months or More, Gross Unrealized Losses	460,064	390,029
Total, Fair Value	2,814,674	3,252,021
Total, Gross Unrealized Losses	492,024	589,153
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	292,413	625,710
Less than Twelve Months, Gross Unrealized Losses	1,821	15,146
Twelve Months or More, Fair Value	578,545	289,581
Twelve Months or More, Gross Unrealized Losses	23,170	17,431
Total, Fair Value	870,958	915,291
Total, Gross Unrealized Losses	24,991	32,577
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	319,058	459,186
Less than Twelve Months, Gross Unrealized Losses	20,512	30,408
Twelve Months or More, Fair Value	382,225	176,349
Twelve Months or More, Gross Unrealized Losses	51,070	38,693
Total, Fair Value	701,283	635,535
Total, Gross Unrealized Losses	71,582	69,101
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	138,586	129,721
Less than Twelve Months, Gross Unrealized Losses	4,327	9,220
Twelve Months or More, Fair Value	23,119	1,294
Twelve Months or More, Gross Unrealized Losses	2,913	259
Total, Fair Value	161,705	131,015
Total, Gross Unrealized Losses	$ 7,240	$ 9,479

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Schedule of Investments [Line Items]
Loans acquired	$ 0	$ 0
Loans sold	0	0
Fixed maturity purchased with credit deterioration	0		$ 0
Accrued Investment Income Write Down	0	0
Securities sold under agreements to repurchase	$ 0		$ 0
Commercial mortgage loans, Percentage	100%		100%
Commercial mortgage and other loans purchased with credit deterioration	$ 0		$ 0
Fixed maturities
Schedule of Investments [Line Items]
Gross Unrealized Losses	1,977,381		2,353,479
Twelve Months or More, Gross Unrealized Losses	1,758,337		1,428,069
NAIC high or highest quality rating | Fixed maturities
Schedule of Investments [Line Items]
Gross Unrealized Losses	1,823,500		2,164,100
NAIC other than high or highest quality rating | Fixed maturities
Schedule of Investments [Line Items]
Gross Unrealized Losses	$ 153,900		189,400
California
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	28%
Texas
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	13%
New York
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	5%
Europe
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	10%
Mexico
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	2%
Australia
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	1%
Other Income | Fixed maturities | Trading
Schedule of Investments [Line Items]
Net unrealized investment gains (losses)	$ 96,100	(336,400)
Other Income | Equity securities
Schedule of Investments [Line Items]
Net unrealized investment gains (losses)	9,200	$ (4,100)
Fixed maturities
Schedule of Investments [Line Items]
Twelve Months or More, Gross Unrealized Losses	$ 1,758,300		$ 1,428,100

Investments (Amortized Cost and

Investments (Amortized Cost and Fair Value of Fixed Maturities by Contractual Maturities) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Amortized Cost
Due in one year or less	$ 870,760
Due after one year through five years	7,032,893
Due after five years through ten years	5,691,131
Due after ten years	6,922,192
Amortized Cost	23,394,831	$ 21,311,087
Fair Value
Due in one year or less	849,831
Due after one year through five years	6,696,100
Due after five years through ten years	5,254,702
Due after ten years	5,985,387
Fair Value	21,576,351	$ 19,025,401
Asset-backed securities
Amortized Cost
Debt securities, available-for-sale, maturity, without single maturity date, amortized cost	1,612,625
Fair Value
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value	1,598,275
Commercial mortgage-backed securities
Amortized Cost
Debt securities, available-for-sale, maturity, without single maturity date, amortized cost	852,719
Fair Value
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value	781,272
Residential mortgage-backed securities
Amortized Cost
Debt securities, available-for-sale, maturity, without single maturity date, amortized cost	412,511
Fair Value
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value	$ 410,784

Investments (Fixed Maturities_2

Investments (Fixed Maturities Securities Proceeds) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Proceeds from maturities/prepayments	$ 410,373	$ 397,074
Fixed maturities | Available-for-sale
Debt Securities, Available-for-sale [Line Items]
Proceeds from sales	60,373	274,429
Proceeds from maturities/prepayments	295,128	120,361
Gross investment gains from sales and maturities	2,672	(706)
Gross investment losses from sales and maturities	(11,938)	(19,442)
Write-downs recognized in earnings	3	3
(Addition to) release of allowance for credit losses	1,042	(16,576)
Noncash or part noncash divestiture, amount of consideration received	$ 54,900	$ 2,300

Investments (Credit Losses Reco

Investments (Credit Losses Recognized In Earnings on Fixed Maturity Securities Held by the Company) (Details) - Fixed maturities - Available-for-sale - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	$ 4,769	$ 4,149
Additions to allowance for credit losses not previously recorded	2,923	9,587
Reductions for securities sold during the period	(3,734)	(3)
Additions (reductions) on securities with previous allowance	(231)	6,992
Balance, end of period	3,727	20,725
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	0	0
Additions to allowance for credit losses not previously recorded	0	0
Reductions for securities sold during the period	0	0
Additions (reductions) on securities with previous allowance	0	0
Balance, end of period	0	0
Foreign Government Bonds
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	5	11
Additions to allowance for credit losses not previously recorded	0	329
Reductions for securities sold during the period	(1)	(3)
Additions (reductions) on securities with previous allowance	(4)	62
Balance, end of period	0	399
U.S. and Foreign Corporate Securities
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	4,755	4,138
Additions to allowance for credit losses not previously recorded	2,923	9,258
Reductions for securities sold during the period	(3,733)	0
Additions (reductions) on securities with previous allowance	(225)	6,930
Balance, end of period	3,720	20,326
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	0	0
Additions to allowance for credit losses not previously recorded	0	0
Reductions for securities sold during the period	0	0
Additions (reductions) on securities with previous allowance	0	0
Balance, end of period	0	0
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	0	0
Additions to allowance for credit losses not previously recorded	0	0
Reductions for securities sold during the period	0	0
Additions (reductions) on securities with previous allowance	0	0
Balance, end of period	0	0
Residential Mortgage-Backed Securities
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	9	0
Additions to allowance for credit losses not previously recorded	0	0
Reductions for securities sold during the period	0	0
Additions (reductions) on securities with previous allowance	(2)	0
Balance, end of period	$ 7	$ 0

Investments (Commercial Mortgag

Investments (Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 5,092,717	$ 4,948,943
Commercial mortgage loans, Percentage	100%	100%
Allowance for Credit Losses	$ (21,410)	$ (20,263)
Commercial Mortgage Loans	5,071,307	4,928,680
Commercial Mortgage and Agricultural Loans
Commercial Mortgage and Other Loans [Line Items]
Commercial Mortgage Loans	5,071,307	4,928,680
Apartments and multi-family
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 1,287,854	$ 1,289,026
Commercial mortgage loans, Percentage	25.30%	26%
Hospitality
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 103,717	$ 104,177
Commercial mortgage loans, Percentage	2%	2.10%
Industrial
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 1,890,743	$ 1,766,247
Commercial mortgage loans, Percentage	37.10%	35.80%
Office
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 588,536	$ 590,897
Commercial mortgage loans, Percentage	11.60%	11.90%
Other
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 380,518	$ 380,121
Commercial mortgage loans, Percentage	7.50%	7.70%
Retail
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 369,908	$ 351,457
Commercial mortgage loans, Percentage	7.30%	7.10%
Commercial mortgage loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 4,621,276	$ 4,481,925
Commercial mortgage loans, Percentage	90.80%	90.60%
Agricultural property loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 471,441	$ 467,018
Commercial mortgage loans, Percentage	9.20%	9.40%

Investments (Allowance for Cred

Investments (Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	$ 20,263	$ 5,951
Addition to (release of) allowance for expected losses	1,147	495
Total ending balance	21,410	6,446
Commercial mortgage loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	19,665	5,847
Addition to (release of) allowance for expected losses	762	477
Total ending balance	20,427	6,324
Agricultural Property Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	598	104
Addition to (release of) allowance for expected losses	385	18
Total ending balance	$ 983	$ 122

Investments (Credit Quality Ind

Investments (Credit Quality Indicators) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	$ 5,092,717	$ 4,948,943
Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	152,870	777,192
One Year Prior	782,078	1,248,477
Two Year Prior	1,250,618	354,746
Three Year Prior	355,801	511,628
Four Year Prior	512,628	265,253
Prior	1,567,281	1,324,629
Revolving Loans	0
Recording investment gross of allowance for credit losses	4,621,276	4,481,925
Commercial mortgage loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	152,870	744,301
One Year Prior	749,363	1,248,477
Two Year Prior	1,250,618	243,325
Three Year Prior	244,850	452,626
Four Year Prior	455,241	258,617
Prior	1,449,893	1,203,807
Revolving Loans	0
Recording investment gross of allowance for credit losses	4,302,835	4,151,153
Commercial mortgage loans | 1.0X to 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	0	32,891
One Year Prior	32,715	0
Two Year Prior	0	83,655
Three Year Prior	83,239	26,558
Four Year Prior	26,336	6,636
Prior	27,209	45,742
Revolving Loans	0
Recording investment gross of allowance for credit losses	169,499	195,482
Commercial mortgage 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	27,766
Three Year Prior	27,712	32,444
Four Year Prior	31,051	0
Prior	90,179	75,080
Revolving Loans	0
Recording investment gross of allowance for credit losses	148,942	135,290
Agricultural Property Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	11,430	264,918
One Year Prior	254,079	133,126
Two Year Prior	132,177	25,894
Three Year Prior	26,379	16,053
Four Year Prior	15,989	6,327
Prior	26,637	20,700
Revolving Loans	4,750
Recording investment gross of allowance for credit losses	471,441	467,018
Agricultural Property Loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	11,430	262,918
One Year Prior	252,079	133,126
Two Year Prior	132,177	25,894
Three Year Prior	26,379	16,053
Four Year Prior	15,989	6,327
Prior	26,637	20,700
Revolving Loans	4,750
Recording investment gross of allowance for credit losses	469,441	465,018
Agricultural Property Loans | 1.0X to 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	0	2,000
One Year Prior	2,000	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	2,000	2,000
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	0	0
Revolving Loans	0
Recording investment gross of allowance for credit losses	0	0
0%-59.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	18,330	266,453
One Year Prior	266,659	262,095
Two Year Prior	251,462	63,558
Three Year Prior	63,455	222,638
Four Year Prior	223,483	201,087
Prior	1,088,037	894,646
Revolving Loans	0
Recording investment gross of allowance for credit losses	1,911,426	1,910,477
0%-59.99% | Agricultural Property Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	11,430	208,708
One Year Prior	197,869	133,126
Two Year Prior	132,177	25,894
Three Year Prior	26,379	16,053
Four Year Prior	15,989	6,327
Prior	26,637	20,700
Revolving Loans	4,750
Recording investment gross of allowance for credit losses	415,231	410,808
60%-69.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	98,256	344,110
One Year Prior	347,208	681,996
Two Year Prior	719,339	243,800
Three Year Prior	250,659	219,593
Four Year Prior	219,868	61,757
Prior	352,310	305,175
Revolving Loans	0
Recording investment gross of allowance for credit losses	1,987,640	1,856,431
60%-69.99% | Agricultural Property Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	0	56,210
One Year Prior	56,210	0
Two Year Prior	0	0
Three Year Prior	0	0
Four Year Prior	0	0
Prior	0	0
Revolving Loans	0
Recording investment gross of allowance for credit losses	56,210	56,210
70%-79.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	36,284	166,629
One Year Prior	168,211	304,386
Two Year Prior	279,817	47,388
Three Year Prior	41,687	66,148
Four Year Prior	68,320	2,409
Prior	59,663	53,336
Revolving Loans	0
Recording investment gross of allowance for credit losses	653,982	640,296
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
Revolving Loans	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	3,249
Four Year Prior	957	0
Prior	67,271	71,472
Revolving Loans	0
Recording investment gross of allowance for credit losses	68,228	74,721
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
Revolving Loans	0
Recording investment gross of allowance for credit losses	$ 0	$ 0

Investments (Analysis of Past D

Investments (Analysis of Past Due Commercial Mortgage, Agricultural and Other Loans) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	$ 5,092,717	$ 4,948,943
Non-Accrual Status	0	0
Current
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	5,091,388	4,947,614
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	1,329
90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	1,329	0
Commercial mortgage loans
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	4,621,276	4,481,925
Non-Accrual Status	0	0
Commercial mortgage loans | Current
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	4,621,276	4,481,925
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	471,441	467,018
Non-Accrual Status	0	0
Agricultural Loan | Current
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	470,112	465,689
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	1,329
Agricultural Loan | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	1,329	0
Loans | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Accruing Interest	$ 0	$ 0

Investments (Other Invested Ass

Investments (Other Invested Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Other Invested Assets [Line Items]
Other invested assets	$ 1,075,216	$ 1,088,613
Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	1,063,529	1,040,992
Company’s investment in separate accounts
Other Invested Assets [Line Items]
Other invested assets	455	510
Derivative Instruments
Other Invested Assets [Line Items]
Other invested assets	11,232	47,111
Equity Method | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	995,190	971,993
Equity Method | Private equity | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	302,205	287,969
Equity Method | Hedge funds | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	601,566	576,595
Equity Method | Real estate-related | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	91,419	107,429
Fair Value | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	68,339	68,999
Fair Value | Private equity | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	59,006	59,146
Fair Value | Hedge funds | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	318	396
Fair Value | Real estate-related | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	$ 9,015	$ 9,457

Investments (Accrued Investment

Investments (Accrued Investment Income) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Net Investment Income
Accrued investment income	$ 249,773	$ 219,635
Fixed maturities
Net Investment Income
Accrued investment income	213,062	187,628
Equity securities
Net Investment Income
Accrued investment income	381	349
Commercial mortgage and other loans
Net Investment Income
Accrued investment income	15,429	13,335
Policy loans
Net Investment Income
Accrued investment income	14,771	14,525
Other invested assets
Net Investment Income
Accrued investment income	50	48
Short-term investments and cash equivalents
Net Investment Income
Accrued investment income	$ 6,080	$ 3,750

Investments (Net Investment Inc

Investments (Net Investment Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 366,388	$ 189,670
Less: investment expenses	(16,938)	(10,370)
Net investment income	349,450	179,300
Equity securities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	2,777	162
Commercial mortgage and other loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	48,656	22,248
Policy loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	4,996	16,944
Other invested assets
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	26,099	24,912
Short-term investments and cash equivalents
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	31,176	648
Available-for-sale | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	234,810	109,191
Trading | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 17,874	$ 15,565

Investments (Realized Investmen

Investments (Realized Investment Gains Losses, Net) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023		Mar. 31, 2022
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	$ (120,679)	[1]	$ 353,281	[2]
Fixed maturities
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	(8,221)		(36,721)
Commercial mortgage and other loans
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	(1,278)		(603)
Other invested assets
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	5,627		1,642
Derivatives
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	(118,270)		389,227
Short-term investments and cash equivalents
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	$ 1,463		$ (264)
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Investments (Net Unrealized Gai

Investments (Net Unrealized Gains Losses on Investments by Asset Class) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	$ (1,709,757)	$ (2,156,655)
Fixed maturities | Available-for-sale | With an allowance
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	4,164	4,371
Fixed maturities | Available-for-sale | Without an allowance
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	(1,818,917)	(2,285,288)
Derivatives designated as cash flow hedges
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	118,340	138,627
Affiliated notes
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	(12,139)	(13,189)
Other investments
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	$ (1,205)	$ (1,176)

Investments (Repurchase Agreeme

Investments (Repurchase Agreement and Securities Lending) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	$ 159,552	$ 86,750
Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	159,552	86,750
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
Foreign government bonds
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	510	506
Foreign government bonds | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	510	506
Foreign government bonds | Up to 30 Days
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	8,064	7,903
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	8,064	7,903
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	3,053	12,873
Foreign public corporate securities | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	3,053	12,873
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	147,925	65,468
Equity securities | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	147,925	65,468
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	Mar. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Derivative, Notional Amount	$ 227,766,254	$ 196,977,180
Assets	6,665,719	7,685,050
Liabilities	(17,890,694)	(18,654,072)
Derivatives Designated as Hedge Accounting Instruments:
Derivative [Line Items]
Derivative, Notional Amount	1,896,707	1,936,568
Assets	203,648	233,812
Liabilities	(15,711)	(10,778)
Derivatives Designated as Hedge Accounting Instruments: | Interest Rate Swaps
Derivative [Line Items]
Derivative, Notional Amount	3,152	3,225
Assets	0	0
Liabilities	(238)	(316)
Derivatives Designated as Hedge Accounting Instruments: | Foreign Currency Swaps
Derivative [Line Items]
Derivative, Notional Amount	1,893,555	1,933,343
Assets	203,648	233,812
Liabilities	(15,473)	(10,462)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Derivative, Notional Amount	225,869,547	195,040,612
Assets	6,462,071	7,451,238
Liabilities	(17,874,983)	(18,643,294)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Swaps
Derivative [Line Items]
Derivative, Notional Amount	151,409,010	138,419,110
Assets	5,561,149	6,757,890
Liabilities	(15,876,422)	(17,092,749)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Future
Derivative [Line Items]
Derivative, Notional Amount	933,400	2,425,500
Assets	1,074	3,267
Liabilities	(7,515)	(201)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Foreign Currency Forwards
Derivative [Line Items]
Derivative, Notional Amount	505,096	364,946
Assets	13,996	590
Liabilities	(4,554)	(10,423)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit Default Swaps
Derivative [Line Items]
Derivative, Notional Amount	89,631	47,450
Assets	1,257	346
Liabilities	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Foreign Currency Swaps
Derivative [Line Items]
Derivative, Notional Amount	2,252,868	2,289,170
Assets	171,226	194,412
Liabilities	(8,192)	(14,624)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity Options
Derivative [Line Items]
Derivative, Notional Amount	30,692,980	25,187,516
Assets	379,810	239,003
Liabilities	(1,110,690)	(1,112,196)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Option
Derivative [Line Items]
Derivative, Notional Amount	23,498,000	8,368,000
Assets	116,050	123,168
Liabilities	(610,535)	(225,125)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Forward
Derivative [Line Items]
Derivative, Notional Amount	1,104,000	1,104,000
Assets	10,831	11,265
Liabilities	(12,861)	(12,359)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Total Return Swap
Derivative [Line Items]
Derivative, Notional Amount	14,084,407	15,958,130
Assets	202,506	120,341
Liabilities	(230,015)	(175,104)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity Future
Derivative [Line Items]
Derivative, Notional Amount	1,300,155	876,790
Assets	4,172	956
Liabilities	$ (14,199)	$ (513)

Derivative Instruments (Offsett

Derivative Instruments (Offsetting Assets and Liabilities) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Derivatives Assets
Gross Amounts of Recognized Financial Instruments	$ 6,665,719	$ 7,685,050
Gross Amounts Offset in the Consolidated Statement of Financial Position	(6,654,487)	(7,637,939)
Net Amounts Presented in the Consolidated Statement of Financial Position	11,232	47,111
Financial Instruments/Collateral	0	0
Net Amount	11,232	47,111
Securities Purchased under Agreements to Resell
Gross Amounts of Recognized Financial Instruments	325,000	290,000
Gross Amounts Offset in the Consolidated Statement of Financial Position	0	0
Net Amounts Presented in the Consolidated Statement of Financial Position	325,000	290,000
Financial Instruments/Collateral	(325,000)	(290,000)
Net Amount	0	0
Total Assets
Gross Amounts of Recognized Financial Instruments	6,990,719	7,975,050
Gross Amounts Offset in the Consolidated Statement of Financial Position	(6,654,487)	(7,637,939)
Net Amounts Presented in the Consolidated Statement of Financial Position	336,232	337,111
Financial Instruments/Collateral	(325,000)	(290,000)
Net Amount	11,232	47,111
Derivatives Liabilities
Gross Amounts of Recognized Financial Instruments	17,890,694	18,654,072
Gross Amounts Offset in the Consolidated Statement of Financial Position	(16,132,600)	(16,568,912)
Net Amounts Presented in the Consolidated Statement of Financial Position	1,758,094	2,085,160
Financial Instruments/Collateral	(1,758,094)	(2,085,160)
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	17,890,694	18,654,072
Gross Amounts Offset in the Consolidated Statement of Financial Position	(16,132,600)	(16,568,912)
Net Amounts Presented in the Consolidated Statement of Financial Position	1,758,094	2,085,160
Financial Instruments/Collateral	(1,758,094)	(2,085,160)
Net Amount	$ 0	$ 0

Derivative Instruments (Financi

Derivative Instruments (Financial Statement Classification and Impact of Derivatives Used in Qualifying and Non-qualifying Hedge Relationships) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	$ (115,158)	$ 389,227
Market Risk Benefit, Increase (Decrease) from Equity Market Change)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	8,129	(1,652,103)
Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	11,680	7,861
Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(10,572)	6,813
AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(20,287)	12,824
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	2,516	(771)
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Market Risk Benefit, Increase (Decrease) from Equity Market Change)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	11,680	7,861
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(10,426)	6,700
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(20,287)	12,824
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	1	0
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Interest Rate | Market Risk Benefit, Increase (Decrease) from Equity Market Change)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Interest Rate | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(25)	11
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Interest Rate | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Interest Rate | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	41	(157)
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	2,515	(771)
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Currency/Interest Rate | Market Risk Benefit, Increase (Decrease) from Equity Market Change)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
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	11,705	7,850
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	(10,426)	6,700
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	(20,328)	12,981
Derivatives Not Qualifying as Hedge Accounting Instruments: | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(117,674)	389,998
Derivatives Not Qualifying as Hedge Accounting Instruments: | Market Risk Benefit, Increase (Decrease) from Equity Market Change)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	8,129	(1,652,103)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(146)	113
Derivatives Not Qualifying as Hedge Accounting Instruments: | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(48,164)	244,314
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | Market Risk Benefit, Increase (Decrease) from Equity Market Change)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	208,061	(1,870,251)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(6,610)	4,297
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | Market Risk Benefit, Increase (Decrease) from Equity Market Change)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency/Interest Rate | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(12,722)	(1,708)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency/Interest Rate | Market Risk Benefit, Increase (Decrease) from Equity Market Change)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency/Interest Rate | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency/Interest Rate | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(146)	113
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency/Interest Rate | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	934	(2,723)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit | Market Risk Benefit, Increase (Decrease) from Equity Market Change)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	196,875	173,112
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity | Market Risk Benefit, Increase (Decrease) from Equity Market Change)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(199,932)	218,148
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Embedded Derivatives | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(247,987)	(27,294)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Embedded Derivatives | Market Risk Benefit, Increase (Decrease) from Equity Market Change)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Embedded Derivatives | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Embedded Derivatives | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Embedded Derivatives | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	$ 0	$ 0

Derivative Instruments (Current

Derivative Instruments (Current Period Cash Flow Hedges in AOCI (loss) before Taxes) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Cash flow hedgers in AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Balance, beginning	$ 138,627
Amount Recorded in AOCI	(16,517)
Amounts reclassified into current period earnings	(3,770)
Balance, ending	118,340
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	17
Amounts reclassified into current period earnings	24
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	(16,534)
Amounts reclassified into current period earnings	$ (3,794)

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 19
Credit Default Swaps Referencing Indices, Sell Protection
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	90	$ 47
Credit Risk Derivatives, at Fair Value, Net Asset	1	0
Credit Default Swaps Referencing Indices, Sell Protection | NAIC 3
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	46
Credit Default Swaps Referencing Indices, Sell Protection | NAIC 6
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	44
Policyholders' account balances
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative, Net	(4,129)	(3,502)
Other Assets [Member]
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative, Net	156	141
Other liabilities
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative, Net	$ (12)	$ (10)

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities (Balances of Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		$ 21,576,351	$ 19,025,401
Market Risk Benefit, Asset		1,427,488	1,393,237
Fixed maturities, trading		2,262,905	1,936,159
Equity securities		201,065	143,072
Other invested assets		1,075,216	1,088,613
Other assets	[1]	1,500,270	1,331,427
Reinsurance recoverables	[1]	37,853,981	37,096,562
Receivables from parent and affiliates		254,512	224,921
Separate account assets		117,293,384	114,051,246
TOTAL ASSETS		200,979,254	193,473,118
Market risk benefit liabilities		5,621,681	5,521,601
Payables to parent and affiliates		1,773,307	2,126,571
Other liabilities	[1]	4,123,022	3,597,373
Total liabilities		194,839,806	188,436,923
Fair Value, Measurements, Recurring
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		21,576,351	19,025,401
Market Risk Benefit, Asset		1,427,488	1,393,237
Fixed maturities, trading		2,262,905	1,936,159
Equity securities		201,065	143,072
Short-term investments		231,360	98,160
Cash equivalents		1,493,898	1,432,182
Other invested assets		11,232	47,111
Other assets		155,763	141,041
Reinsurance recoverables		1,357	0
Receivables from parent and affiliates		148,996	148,075
Subtotal excluding separate account assets		27,510,415	24,364,438
Separate account assets		111,839,749	108,789,313
TOTAL ASSETS		139,350,164	133,153,751
Market risk benefit liabilities		5,621,681	5,521,601
Policyholders’ account balances		4,129,043	3,502,096
Payables to parent and affiliates		1,736,768	2,084,917
Other liabilities		9,806	(9,267)
Total liabilities		11,497,298	11,099,347
Assets netting		(6,654,487)	(7,637,939)
Liabilities netting		(16,132,600)	(16,568,912)
Netting		(9,478,000)	(8,931,000)
Fair Value, Measurements, Recurring | Other invested assets
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets netting		(6,654,487)	(7,637,939)
Fair Value, Measurements, Recurring | Payables to parent and affiliates
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities netting		(16,127,517)	(16,568,242)
Fair Value, Measurements, Recurring | Other liabilities
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities netting		(5,083)	(670)
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		334,378	281,792
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		652,515	628,200
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		284,148	273,462
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		8,080,417	6,443,944
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		3,969,677	3,816,729
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		1,573,373	1,378,222
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		3,891,512	3,766,330
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		1,598,275	1,442,354
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		781,272	658,152
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		410,784	336,216
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
Market Risk Benefit, Asset		0	0
Fixed maturities, trading		0	0
Equity securities		146,680	108,076
Short-term investments		0	0
Cash equivalents		47,900	0
Other invested assets		6,658	4,223
Other assets		0	0
Reinsurance recoverables		0	0
Receivables from parent and affiliates		0	0
Subtotal excluding separate account assets		201,238	112,299
Separate account assets		102,362	102,243
TOTAL ASSETS		303,600	214,542
Market risk benefit liabilities		0	0
Policyholders’ account balances		0	0
Payables to parent and affiliates		0	0
Other liabilities		26,409	899
Total liabilities		26,409	899
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		20,810,875	18,412,457
Market Risk Benefit, Asset		0	0
Fixed maturities, trading		2,256,655	1,936,159
Equity securities		11,211	6,403
Short-term investments		216,944	81,215
Cash equivalents		1,445,998	1,432,182
Other invested assets		6,659,061	7,680,827
Other assets		0	0
Reinsurance recoverables		0	0
Receivables from parent and affiliates		148,996	148,075
Subtotal excluding separate account assets		31,549,740	29,697,318
Separate account assets		111,732,834	108,682,425
TOTAL ASSETS		143,282,574	138,379,743
Market risk benefit liabilities		0	0
Policyholders’ account balances		0	0
Payables to parent and affiliates		17,864,285	18,653,159
Other liabilities		(11,520)	(9,496)
Total liabilities		17,852,765	18,643,663
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		334,378	281,792
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		652,515	628,200
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		283,434	272,738
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		8,080,417	6,443,944
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		3,725,930	3,573,269
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		1,566,216	1,371,354
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		3,606,523	3,509,162
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		1,497,087	1,421,852
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		653,591	573,930
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		410,784	336,216
Fair Value, Measurements, Recurring | Level 3
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale		765,476	612,944
Market Risk Benefit, Asset		1,427,488	1,393,237
Fixed maturities, trading		6,250	0
Equity securities		43,174	28,593
Short-term investments		14,416	16,945
Cash equivalents		0	0
Other invested assets		0	0
Other assets		155,763	141,041
Reinsurance recoverables		1,357	0
Receivables from parent and affiliates		0	0
Subtotal excluding separate account assets		2,413,924	2,192,760
Separate account assets		4,553	4,645
TOTAL ASSETS		2,418,477	2,197,405
Market risk benefit liabilities		5,621,681	5,521,601
Policyholders’ account balances		4,129,043	3,502,096
Payables to parent and affiliates		0	0
Other liabilities		0	0
Total liabilities		9,750,724	9,023,697
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		714	724
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		243,747	243,460
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		7,157	6,868
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		284,989	257,168
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		101,188	20,502
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		127,681	84,222
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		68,000	69,000
Separate account assets
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value investment measured at NAV per share		$ 5,454,000	$ 5,262,000
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities (Quantitative Info for Level 3 Inputs) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Corporate securities	$ 196,988	$ 148,179
Market Risk Benefit, Asset	1,427,488	1,393,237
Market risk benefit liabilities	5,621,681	5,521,601
Fair Value, Measurements, Recurring
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Market Risk Benefit, Asset	1,427,488	1,393,237
Market risk benefit liabilities	5,621,681	5,521,601
Policyholders’ account balances	$ 4,129,043	3,502,096
Level 3 | Minimum
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair Value Inputs, Policyholder Age	50 years
Level 3 | Minimum | Market risk benefit liabilities
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]
Market Risk Benefit, Asset	$ 1,427,488	1,393,237
Market risk benefit liabilities	5,621,681	5,521,601
Policyholders’ account balances	$ 4,129,043	$ 3,502,096
Level 3 | Internal | Minimum | Discounted cash flow | Market risk benefit liabilities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	1%	1%
Spread over SOFR	0.52%	0.50%
Utilization rate	38%	38%
Withdrawal rate (greater than maximum range)	77%	77%
Mortality rate	0%	0%
Equity volatility curve	18%	18%
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 SOFR	0.27%	0.17%
Mortality rate	0%	0%
Equity volatility curve	6%	6%
Option budget	(2.00%)	(2.00%)
Level 3 | Internal | Minimum | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	5.67%	9.77%
Level 3 | Internal | Minimum | Discounted cash flow | Market risk benefit assets
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	1%	1%
Spread over SOFR	0.52%	0.03%
Utilization rate	38%	39%
Withdrawal rate (greater than maximum range)	77%	77%
Mortality rate	0%	0%
Equity volatility curve	18%	16%
Level 3 | Internal | Minimum | Market comparables | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples		2.2
Level 3 | Internal | Minimum | Liquidation | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	82.86%
Level 3 | Internal | Maximum | Discounted cash flow | Market risk benefit liabilities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	20%	20%
Spread over SOFR	2.20%	2.20%
Utilization rate	95%	95%
Withdrawal rate (greater than maximum range)	100%	100%
Mortality rate	15%	15%
Equity volatility curve	25%	26%
Level 3 | Internal | Maximum | Discounted cash flow | Policyholders' account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	80%	80%
Spread over SOFR	2.34%	1.93%
Mortality rate	23%	23%
Equity volatility curve	30%	30%
Option budget	6%	6%
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 | Discounted cash flow | Market risk benefit assets
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	20%	20%
Spread over SOFR	2.20%	1.13%
Utilization rate	95%	96%
Withdrawal rate (greater than maximum range)	100%	100%
Mortality rate	15%	15%
Equity volatility curve	25%	25%
Level 3 | Internal | Maximum | Market comparables | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples		23.5
Level 3 | Internal | Maximum | Liquidation | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	82.86%
Level 3 | Internal | Weighted Average | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	8.01%	16.53%
Level 3 | Internal | Weighted Average | Market comparables | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples		8.1
Level 3 | Internal | Weighted Average | Liquidation | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	82.86%
Level 3 | Internal | Fair Value, Measurements, Recurring | Market risk benefit liabilities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Market risk benefit liabilities	$ 5,621,681	$ 5,521,601
Level 3 | Internal | Fair Value, Measurements, Recurring | Policyholders' account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Policyholders’ account balances	4,129,043	3,502,096
Level 3 | Internal | Fair Value, Measurements, Recurring | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Corporate securities	429,741	408,494
Level 3 | Internal | Fair Value, Measurements, Recurring | Market risk benefit assets
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Market Risk Benefit, Asset	$ 1,427,488	$ 1,393,237

Fair Value of Assets and Liab_5

Fair Value of Assets and Liabilities (Changes in Level 3 Assets and Liabilities) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	$ 28,593	$ 12,472
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	15,411	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	43,174	11,463
Total gains (losses) (realized/unrealized):
Included in earnings	(830)	(1,009)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(830)	(1,009)
Equity securities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Equity securities | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	(830)	(1,009)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(830)	(1,009)
Equity securities | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Equity securities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Equity securities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Short-term investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	16,945	0
Purchases	1,542	0
Sales	0	0
Issuances	0	0
Settlements	(5,927)	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	14,416	0
Total gains (losses) (realized/unrealized):
Included in earnings	1,856	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	51	0
Short-term investments | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	1,434	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Short-term investments | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Short-term investments | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Short-term investments | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	51	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	51	0
Short-term investments | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	371	0
Other assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	141,041	72,937
Purchases	34,620	7,816
Sales	0	0
Issuances	0	0
Settlements	(1,537)	(1,838)
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	155,763	75,201
Total gains (losses) (realized/unrealized):
Included in earnings	(18,361)	(3,714)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(16,824)	(1,877)
Other assets | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(18,361)	(3,714)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(16,824)	(1,877)
Other assets | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Other assets | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Other assets | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Other assets | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Reinsurance Recoverables
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	0
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	1,357	0
Total gains (losses) (realized/unrealized):
Included in earnings	1,357	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	1,357	0
Reinsurance Recoverables | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	1,357	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	1,357	0
Reinsurance Recoverables | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Reinsurance Recoverables | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Reinsurance Recoverables | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Reinsurance Recoverables | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Separate account assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	4,645	0
Purchases	0	0
Sales	(180)	0
Issuances	0	0
Settlements	(10)	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	4,553	0
Total gains (losses) (realized/unrealized):
Included in earnings	98	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	96	0
Separate account assets | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Separate account assets | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Separate account assets | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	98	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	96	0
Separate account assets | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Separate account assets | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Policyholders' account balances
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(3,502,096)	(3,245,773)
Purchases	0	0
Sales	0	0
Issuances	(398,623)	(152,791)
Settlements	0	0
Other	1,595	239,022
Transfers Into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	(4,129,043)	(3,260,195)
Total gains (losses) (realized/unrealized):
Included in earnings	(229,919)	(100,653)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(417,482)	(70,214)
Policyholders' account balances | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(229,919)	(100,653)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(417,482)	(70,214)
Policyholders' account balances | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Policyholders' account balances | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Policyholders' account balances | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Policyholders' account balances | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Available-for-sale | Fixed maturities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	325	(14,903)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(901)	(15,011)
Available-for-sale | Fixed maturities | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Available-for-sale | Fixed maturities | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Available-for-sale | Fixed maturities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	964	(33,841)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	1,916	(33,439)
Available-for-sale | Fixed maturities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	389	383
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	724	150
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	714	140
Total gains (losses) (realized/unrealized):
Included in earnings	(10)	(10)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(12)	(10)
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	507,496	385,634
Purchases	94,096	49,410
Sales	(19,598)	(1,171)
Issuances	0	0
Settlements	(51,424)	(12,140)
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	535,893	385,358
Total gains (losses) (realized/unrealized):
Included in earnings	5,323	(36,375)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	4,640	(36,465)
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	104,724	173,944
Purchases	146,016	0
Sales	(27)	0
Issuances	0	0
Settlements	(613)	(502)
Other	0	0
Transfers into Level 3	2,240	0
Transfers out of Level 3	(19,836)	(49,350)
Fair Value, end of period	228,869	112,116
Total gains (losses) (realized/unrealized):
Included in earnings	(3,635)	(11,976)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(3,613)	(11,975)
Trading | Fixed maturities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	0
Purchases	6,250	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	6,250	0
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Trading | Fixed maturities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Trading | Fixed maturities | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Trading | Fixed maturities | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Trading | Fixed maturities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Trading | Fixed maturities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	$ 0	$ 0

Fair Value of Assets and Liab_6

Fair Value of Assets and Liabilities (Nonrecurring Fair Value Measurements) (Details) - Level 3 - Fair Value, Nonrecurring - Investment in Joint Venture - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity in earnings of operating joint venture, net of taxes	$ 0	$ 0
Carrying value after measurement as of period end	$ 0		$ 60,456

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		Mar. 31, 2023	Dec. 31, 2022
Assets:
Policy loans		$ 513,466	$ 505,367
Cash and cash equivalents		2,488,755	2,397,627
Accrued investment income		249,773	219,635
Reinsurance recoverables	[1]	37,853,981	37,096,562
Receivables from parent and affiliates		254,512	224,921
Liabilities [Abstract]
Cash collateral for loaned securities		159,552	86,750
Fair Value
Assets:
Commercial mortgage and other loans		4,824,874	4,602,177
Policy loans		513,466	505,367
Short-term investments		36,500	26,331
Cash and cash equivalents		994,857	965,445
Accrued investment income		249,773	219,635
Reinsurance recoverables		24,462	25,127
Receivables from parent and affiliates		105,516	76,846
Other assets		1,003,804	824,882
Total assets		7,753,252	7,245,810
Liabilities [Abstract]
Policyholders’ account balances - investment contracts		4,751,006	4,333,271
Cash collateral for loaned securities		159,552	86,750
Short-term debt to affiliates		120,454	120,325
Long-term debt to affiliates		174,115	173,905
Payables to parent and affiliates		36,539	41,654
Other liabilities		1,625,581	1,302,865
Total liabilities		6,867,247	6,058,770
Carrying Amount
Assets:
Commercial mortgage and other loans		5,071,307	4,928,680
Policy loans		513,466	505,367
Short-term investments		36,500	26,331
Cash and cash equivalents		994,857	965,445
Accrued investment income		249,773	219,635
Reinsurance recoverables		26,196	27,183
Receivables from parent and affiliates		105,516	76,846
Other assets		1,003,804	824,882
Total assets		8,001,419	7,574,369
Liabilities [Abstract]
Policyholders’ account balances - investment contracts		4,767,101	4,351,945
Cash collateral for loaned securities		159,552	86,750
Short-term debt to affiliates		125,916	126,250
Long-term debt to affiliates		184,280	185,563
Payables to parent and affiliates		36,539	41,654
Other liabilities		1,625,581	1,302,866
Total liabilities		6,898,969	6,095,028
Level 1 | Fair Value
Assets:
Commercial mortgage and other loans		0	0
Policy loans		0	0
Short-term investments		36,500	26,331
Cash and cash equivalents		669,857	675,445
Accrued investment income		0	0
Reinsurance recoverables		0	0
Receivables from parent and affiliates		0	0
Other assets		0	0
Total assets		706,357	701,776
Liabilities [Abstract]
Policyholders’ account balances - investment contracts		0	0
Cash collateral for loaned securities		0	0
Short-term debt to affiliates		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:
Commercial mortgage and other loans		0	0
Policy loans		0	0
Short-term investments		0	0
Cash and cash equivalents		325,000	290,000
Accrued investment income		249,773	219,635
Reinsurance recoverables		0	0
Receivables from parent and affiliates		105,516	76,846
Other assets		39,601	94,200
Total assets		719,890	680,681
Liabilities [Abstract]
Policyholders’ account balances - investment contracts		1,128,631	1,192,271
Cash collateral for loaned securities		159,552	86,750
Short-term debt to affiliates		120,454	120,325
Long-term debt to affiliates		174,115	173,905
Payables to parent and affiliates		36,539	41,654
Other liabilities		1,592,331	1,269,615
Total liabilities		3,211,622	2,884,520
Level 3 | Fair Value
Assets:
Commercial mortgage and other loans		4,824,874	4,602,177
Policy loans		513,466	505,367
Short-term investments		0	0
Cash and cash equivalents		0	0
Accrued investment income		0	0
Reinsurance recoverables		24,462	25,127
Receivables from parent and affiliates		0	0
Other assets		964,203	730,682
Total assets		6,327,005	5,863,353
Liabilities [Abstract]
Policyholders’ account balances - investment contracts		3,622,375	3,141,000
Cash collateral for loaned securities		0	0
Short-term debt to affiliates		0	0
Long-term debt to affiliates		0	0
Payables to parent and affiliates		0	0
Other liabilities		33,250	33,250
Total liabilities		$ 3,655,625	$ 3,174,250
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Deferred Policy Acquisition C_3

Deferred Policy Acquisition Costs, Deferred Reinsurance Losses, Deferred Reinsurance Gains And Deferred Sales Inducements (Balance of and Changes in DAC) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023		Mar. 31, 2022
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Deferred Policy Acquisition Cost, Beginning Balance	$ 6,930,425	[1]	$ 7,029,307
Capitalization	246,738		246,389
Amortization expense	(137,546)		(125,075)
Other adjustments	52		(541,408)
Balance, end of period	7,039,669	[1]	6,609,213
Fixed Annuities
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Deferred Policy Acquisition Cost, Beginning Balance	102,250		84,479
Capitalization	22,902		746
Amortization expense	(4,474)		(3,191)
Other adjustments	0		0
Balance, end of period	120,678		82,034
Variable Annuities
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Deferred Policy Acquisition Cost, Beginning Balance	3,736,456		3,806,733
Capitalization	56,875		77,128
Amortization expense	(87,864)		(84,575)
Other adjustments	0		0
Balance, end of period	3,705,467		3,799,286
Term Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Deferred Policy Acquisition Cost, Beginning Balance	648,836		577,084
Capitalization	33,006		33,626
Amortization expense	(15,304)		(11,432)
Other adjustments	0		0
Balance, end of period	666,538		599,278
Variable/Universal Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Deferred Policy Acquisition Cost, Beginning Balance	2,442,883		2,561,011
Capitalization	133,955		134,889
Amortization expense	(29,904)		(25,877)
Other adjustments	52		(541,408)
Balance, end of period	$ 2,546,986		$ 2,128,615
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Deferred Policy Acquisition C_4

Deferred Policy Acquisition Costs, Deferred Reinsurance Losses, Deferred Reinsurance Gains And Deferred Sales Inducements (Balance of and Changes in Deferred Reinsurance Losses) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Reinsurance Recoverable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 292,892	$ 333,002
Amortization expense	(9,990)	(10,214)
Balance, end of period	282,902	322,788
Variable Annuities
Reinsurance Recoverable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	223,515	254,577
Amortization expense	(7,828)	(7,902)
Balance, end of period	215,687	246,675
Term Life
Reinsurance Recoverable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	69,377	78,425
Amortization expense	(2,162)	(2,312)
Balance, end of period	$ 67,215	$ 76,113

Deferred Policy Acquisition C_5

Deferred Policy Acquisition Costs, Deferred Reinsurance Losses, Deferred Reinsurance Gains And Deferred Sales Inducements (Balance of and Changes in Deferred Reinsurance Gain) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Reinsurance Recoverable, Allowance for Credit Gain [Roll Forward]
Balance, beginning of period	$ 1,492,856	$ 252,736
Amortization	(19,718)	(36,998)
Other adjustments		1,340,312
Balance, end of period	1,473,138	1,556,050
Lotus Re
Reinsurance Recoverable, Allowance for Credit Gain [Roll Forward]
Other adjustments		1,346,000
Variable/Universal Life
Reinsurance Recoverable, Allowance for Credit Gain [Roll Forward]
Balance, beginning of period	1,434,958	174,598
Amortization	(18,096)	(21,627)
Other adjustments		1,340,312
Balance, end of period	1,416,862	1,493,283
Fixed Annuities
Reinsurance Recoverable, Allowance for Credit Gain [Roll Forward]
Balance, beginning of period	57,898	78,138
Amortization	(1,622)	(15,371)
Other adjustments		0
Balance, end of period	$ 56,276	$ 62,767

Deferred Policy Acquisition C_6

Deferred Policy Acquisition Costs, Deferred Reinsurance Losses, Deferred Reinsurance Gains And Deferred Sales Inducements (Balance of and Changes in DSI) (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Movement in Deferred Sales Inducements [Roll Forward]
Balance, beginning of period	[1]	$ 381,504
Balance, end of period	[1]	374,826
Variable Annuities
Movement in Deferred Sales Inducements [Roll Forward]
Balance, beginning of period		381,504	$ 414,619
Capitalization		1,540	857
Amortization expense		(8,218)	(8,658)
Balance, end of period		$ 374,826	$ 406,818
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Separate Accounts (Separate Acc

Separate Accounts (Separate Account Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Separate Account Investment [Line Items]
Separate account assets	$ 117,293,384	$ 114,051,246
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value, Separate Account Investment [Line Items]
Separate account assets	4,217	2,510
U.S. corporate securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	11,148	8,702
Foreign corporate securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	2,233	1,420
Mortgage-backed securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	649	276
Equity
Fair Value, Separate Account Investment [Line Items]
Separate account assets	68,363,666	67,144,660
Fixed Income
Fair Value, Separate Account Investment [Line Items]
Separate account assets	39,528,749	38,109,374
Other
Fair Value, Separate Account Investment [Line Items]
Separate account assets	3,852,446	3,441,016
Equity securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	61,027	49,260
Other invested assets
Fair Value, Separate Account Investment [Line Items]
Separate account assets	5,453,782	5,262,178
Short-term investments
Fair Value, Separate Account Investment [Line Items]
Separate account assets	4,861	1,237
Cash and cash equivalents
Fair Value, Separate Account Investment [Line Items]
Separate account assets	$ 10,606	$ 30,613

Separate Accounts (Separate A_2

Separate Accounts (Separate Account Liabilities) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Separate Account, Liability [Roll Forward]
Balance, beginning of period	$ 114,051,246	$ 149,797,828
Deposits	700,408	768,183
Investment performance	5,753,189	(9,175,888)
Policy charges	(790,177)	(868,400)
Surrenders and withdrawals	(2,318,782)	(2,588,459)
Benefit payments	(79,876)	(95,874)
Net transfers (to) from general account	(35,164)	(173,653)
Other	12,540	17,449
Balance, end of period	117,293,384	137,681,186
Cash surrender value	113,015,514	133,099,114
Variable Annuities
Separate Account, Liability [Roll Forward]
Balance, beginning of period	91,785,448	123,977,624
Deposits	92,053	221,887
Investment performance	4,515,993	(7,818,980)
Policy charges	(589,415)	(680,325)
Surrenders and withdrawals	(2,238,332)	(2,512,811)
Benefit payments	(18,196)	(20,412)
Net transfers (to) from general account	(10,253)	(97,114)
Other	3,405	3,061
Balance, end of period	93,540,703	113,072,930
Cash surrender value	91,951,494	111,046,026
Variable Life
Separate Account, Liability [Roll Forward]
Balance, beginning of period	22,265,798	25,820,204
Deposits	608,355	546,296
Investment performance	1,237,196	(1,356,908)
Policy charges	(200,762)	(188,075)
Surrenders and withdrawals	(80,450)	(75,648)
Benefit payments	(61,680)	(75,462)
Net transfers (to) from general account	(24,911)	(76,539)
Other	9,135	14,388
Balance, end of period	23,752,681	24,608,256
Cash surrender value	$ 21,064,020	$ 22,053,088

Liability For Future Policy B_3

Liability For Future Policy Benefits (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Other adjustments	$ 4,402	$ 2,847
Balance after transition	18,505,583	19,366,649
Balance, end of period, pre-flooring	7,428,204	7,839,814
Flooring impact, end of period	0	6,056
Balance, end of period, post flooring	7,428,204	7,845,870
Reinsurance recoverable	6,736,430	7,119,743
Balance after reinsurance recoverable, end of period, post-flooring	691,774	726,127
Interest accrual	117,307	91,563
Total
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition	18,039,978	21,174,162
Effect of cumulative changes in discount rate assumptions, beginning of period	986,910	(3,623,979)
Balance prior to transition	19,026,888	17,550,183
Effect of actual variances from expected experience			$ (12,375)	$ 75,636
Adjusted balance, beginning of period	19,014,513	17,625,819
Issuances	142,187	146,160
Interest accrual	225,978	209,631
Benefit payments	(386,336)	(396,316)
Other adjustments	1,237	307
Balance after transition, at original discount rate	18,997,579	17,585,601
Effect of cumulative changes in discount rate assumptions, end of period	(494,051)	1,778,365
Balance after transition	18,503,528	19,363,966
Balance, end of period, post flooring	20,699,637	18,983,570
Other Businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance after transition	2,055	2,683
Nonparticipating Traditional And Limited-Pay Business
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Loss in net income	23,000	7,000
Gain in net income	(24,000)	(7,000)
Term Life
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, beginning of period	10,911,794	12,485,056
Effect of cumulative changes in discount rate assumptions, beginning of period	554,896	(1,826,120)
Balance at original discount rate, beginning of period	11,466,690	10,658,936
Effect of actual variances from expected experience and other activity			(4,111)	61,204
Adjusted balance, beginning of period	11,462,579	10,720,140
Issuances	132,627	136,282
Net premiums / considerations collected	(338,534)	(305,425)
Interest accrual	131,333	121,816
Balance at original discount rate, end of period	11,388,005	10,672,813
Effect of cumulative changes in discount rate assumptions, end of period	(312,681)	851,339
Balance, end of period	11,075,324	11,524,152
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition	17,835,251	20,937,097
Effect of cumulative changes in discount rate assumptions, beginning of period	962,034	(3,607,275)
Balance prior to transition	18,797,285	17,329,822
Effect of actual variances from expected experience			(13,802)	74,360
Adjusted balance, beginning of period	18,783,483	17,404,182
Issuances	132,627	136,282
Interest accrual	223,841	207,753
Benefit payments	(378,918)	(389,597)
Other adjustments	1,278	592
Balance after transition, at original discount rate	18,762,311	17,359,212
Effect of cumulative changes in discount rate assumptions, end of period	(474,265)	1,780,585
Balance after transition	18,288,046	19,139,797
Balance, end of period, pre-flooring	7,212,722	7,615,645
Flooring impact, end of period	0	6,056
Balance, end of period, post flooring	7,212,722	7,621,701
Reinsurance recoverable	6,719,094	7,101,936
Balance after reinsurance recoverable, end of period, post-flooring	493,628	519,765
Term Life | Gross Basis [Member]
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Net premiums / considerations collected	(449,968)	(462,094)
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Interest accrual	92,508	85,937
Undiscounted expected future gross premiums	22,077,087	23,867,541
Discounted expected future gross premiums (at original discount rate)	15,222,212	16,203,391
Discounted expected future gross premiums (at current discount rate)	14,816,791	17,567,255
Undiscounted expected future benefits and expenses	$ 29,198,512	$ 27,031,304
Weighted-average duration of the liability in years (at original discount rate)	10 years	10 years
Weighted-average duration of the liability in years (at current discount rate)	10 years	10 years
Weighted-average interest rate (at original discount rate)	5.21%	5.27%
Weighted-average interest rate (at current discount rate)	5.05%	3.54%
Fixed Annuities
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, beginning of period	$ 0	$ 0
Effect of cumulative changes in discount rate assumptions, beginning of period	0	0
Balance at original discount rate, beginning of period		0
Effect of actual variances from expected experience and other activity			(599)	0
Adjusted balance, beginning of period	(599)	0
Issuances	9,560	9,878
Net premiums / considerations collected	(8,961)	(9,878)
Interest accrual	0	0
Balance at original discount rate, end of period	0	0
Effect of cumulative changes in discount rate assumptions, end of period	0	0
Balance, end of period	0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition	204,727	237,065
Effect of cumulative changes in discount rate assumptions, beginning of period	24,876	(16,704)
Balance prior to transition	229,603	220,361
Effect of actual variances from expected experience			1,427	1,276
Adjusted balance, beginning of period	231,030	221,637
Issuances	9,560	9,878
Interest accrual	2,137	1,878
Benefit payments	(7,418)	(6,719)
Other adjustments	(41)	(285)
Balance after transition, at original discount rate	235,268	226,389
Effect of cumulative changes in discount rate assumptions, end of period	(19,786)	(2,220)
Balance after transition	215,482	224,169
Balance, end of period, pre-flooring	215,482	224,169
Flooring impact, end of period	0	0
Balance, end of period, post flooring	215,482	224,169
Reinsurance recoverable	17,336	17,807
Balance after reinsurance recoverable, end of period, post-flooring	198,146	206,362
Fixed Annuities | Gross Basis [Member]
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Net premiums / considerations collected	(10,891)	(11,819)
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Interest accrual	2,137	1,878
Undiscounted expected future gross premiums	0	0
Discounted expected future gross premiums (at original discount rate)	0	0
Discounted expected future gross premiums (at current discount rate)	0	0
Undiscounted expected future benefits and expenses	$ 316,153	$ 298,888
Weighted-average duration of the liability in years (at original discount rate)	7 years	7 years
Weighted-average duration of the liability in years (at current discount rate)	6 years	7 years
Weighted-average interest rate (at original discount rate)	3.69%	3.37%
Weighted-average interest rate (at current discount rate)	5.01%	3.50%
Term Life And Fixed Annuities
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, beginning of period	$ 10,911,794	$ 12,485,056
Effect of cumulative changes in discount rate assumptions, beginning of period	554,896	(1,826,120)
Balance at original discount rate, beginning of period	11,466,690	10,658,936
Effect of actual variances from expected experience and other activity			$ (4,710)	$ 61,204
Adjusted balance, beginning of period	11,461,980	10,720,140
Issuances	142,187	146,160
Net premiums / considerations collected	(347,495)	(315,303)
Interest accrual	131,333	121,816
Balance at original discount rate, end of period	11,388,005	10,672,813
Effect of cumulative changes in discount rate assumptions, end of period	(312,681)	851,339
Balance, end of period	$ 11,075,324	$ 11,524,152

Liability For Future Policy B_4

Liability For Future Policy Benefits (Deferred Profit Liability) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Other adjustments	$ 4,402	$ 2,847
Balance, end of period	7,428,204	7,845,870
Reinsurance recoverable	6,736,430	7,119,743
Balance after reinsurance recoverable, end of period, post-flooring	691,774	726,127
Deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Revenue	(539)	(445)
Deferred profit liability | Gross Basis [Member]
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Interest accrual	182	131
Revenue	(539)	(445)
Fixed Annuities
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of actual variances from expected experience			$ 1,427	$ 1,276
Adjusted balance, beginning of period			231,030	221,637
Interest accrual	2,137	1,878
Other adjustments	(41)	(285)
Balance, end of period	215,482	224,169
Reinsurance recoverable	17,336	17,807
Balance after reinsurance recoverable, end of period, post-flooring	198,146	206,362
Fixed Annuities | Gross Basis [Member]
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Interest accrual	2,137	1,878
Fixed Annuities | Deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, beginning of period	18,193	15,765
Effect of actual variances from expected experience			(951)	(1,083)
Adjusted balance, beginning of period			$ 17,242	$ 14,682
Profits deferred	1,856	1,889
Interest accrual	182	131
Amortization	(541)	(466)
Other adjustments	(8)	(25)
Balance, end of period	18,731	16,211
Reinsurance recoverable	1,545	1,829
Balance after reinsurance recoverable, end of period, post-flooring	17,186	14,382
Revenue	$ (539)	$ (445)

Liability For Future Policy B_5

Liability For Future Policy Benefits (Additional Insurance Reserves) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Insurance [Abstract]
Balance, including amounts in AOCI, post-flooring	$ 12,664,445	$ 11,660,527
Flooring impact and amounts in AOCI	1,269,237	(896,930)
Balance, excluding amounts in AOCI, beginning of period, pre-flooring	13,933,682	10,763,597
Effect of actual variances from expected experience and other activity			$ (32,188)	$ (42,272)
Adjusted balance, beginning of period			$ 13,901,494	$ 10,721,325
Assessments collected	267,869	233,679
Interest accrual	117,307	91,563
Benefits paid	71,551	52,630
Balance, excluding amounts in AOCI, end of period, pre-flooring	14,215,119	10,993,937
Flooring impact and amounts in AOCI	(962,417)	127,552
Balance after Transition	13,252,702	11,121,489
Amounts related to unrealized investment gains and losses after transition	13,029,847	10,902,945
Additional Liability, Long-Duration Insurance, after Reinsurance	222,855	218,544
Gross assessments	$ 427,489	$ 373,710
Weighted-average duration of the liability in years (at original discount rate)	22 years	22 years
Weighted-average interest rate (at original discount rate)	3.38%	3.36%

Liability For Future Policy B_6

Liability For Future Policy Benefits (Future Policy Benefits) (Details) - USD ($) $ in Thousands	Mar. 31, 2023		Dec. 31, 2022		Mar. 31, 2022	Dec. 31, 2021
Insurance [Abstract]
Future policy benefits	$ 21,759,543	[1]	$ 20,829,033	[1]	$ 20,107,861
Liability for Future Policy Benefit, Activity [Line Items]
Balance prior to transition	13,252,702		12,664,445		11,121,489	$ 11,660,527
Balance, EOP, post-flooring	7,428,204				7,845,870
Other Future Policy Benefits reserves	1,059,906				1,124,291
Total Future policy Benefits	21,759,543	[1]	$ 20,829,033	[1]	20,107,861
Total
Liability for Future Policy Benefit, Activity [Line Items]
Benefit reserves, end of period, post-flooring	7,428,204				7,845,870
Balance prior to transition	13,252,702				11,121,489
Deferred profit liability, end of period, post-flooring	18,731				16,211
Balance, EOP, post-flooring	$ 20,699,637				$ 18,983,570
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Liability For Future Policy B_7

Liability For Future Policy Benefits (Revenue and Interest Expense) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Benefit Reserves
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	$ 460,859	$ 473,913
Interest expense	94,645	87,815
Benefit Reserves | Variable/Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	0
Benefit Reserves | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	449,968	462,094
Interest expense	92,508	85,937
Benefit Reserves | Fixed Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	10,891	11,819
Interest expense	2,137	1,878
Additional insurance reserves
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	427,489	373,710
Interest expense	117,307	91,563
Additional insurance reserves | Variable/Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	427,489	373,710
Interest expense	117,307	91,563
Additional insurance reserves | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	0
Additional insurance reserves | Fixed Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	0
Deferred profit liability
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(539)	(445)
Interest expense	182	131
Deferred profit liability | Variable/Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	0
Deferred profit liability | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	0
Deferred profit liability | Fixed Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(539)	(445)
Interest expense	182	131
Revenues
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	887,809	847,178
Revenues | Variable/Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	427,489	373,710
Revenues | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	449,968	462,094
Revenues | Fixed Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	10,352	11,374
Interest Expense
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	212,134	179,509
Interest Expense | Variable/Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	117,307	91,563
Interest Expense | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	92,508	85,937
Interest Expense | Fixed Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	$ 2,319	$ 2,009

Policyholders' Liabilities (Det

Policyholders' Liabilities (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023		Mar. 31, 2022
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	[1]	$ 41,912,536
Net transfers (to) from separate account		(35,164)		$ (173,653)
Unearned revenue reserve		3,234,755		2,562,252
Other		4,208,054		3,085,191
Policyholder Account Balance, Total		$ 43,799,121	[1]	$ 37,234,064
Weighted-average crediting rate		2.46%		2.23%
Net amount at risk		$ 308,975,503		$ 314,855,314
Cash surrender value(3)		32,580,369		29,096,777
Total
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period		35,168,397		30,227,959
Deposits		1,479,368		1,847,651
Interest credited		220,382		172,681
Policy charges		(457,719)		(445,960)
Surrenders and withdrawals		(329,758)		(253,899)
Benefit payments		(35,395)		(36,255)
Net transfers (to) from separate account		35,164		210,237
Change in market value and other adjustments		275,873		(135,793)
Balance, end of period		36,356,312		31,586,621
Reinsurance and other recoverable		13,154,378		13,319,108
Policyholders' account balance net of reinsurance and other recoverables		23,201,934		18,267,513
Policyholder Account Balance, Total
Variable Annuities
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period		16,432,032		11,465,411
Deposits		948,987		1,288,963
Interest credited		78,629		33,157
Policy charges		(5,729)		(477)
Surrenders and withdrawals		(113,424)		(55,826)
Benefit payments		(10,624)		(9,694)
Net transfers (to) from separate account		10,253		134,051
Change in market value and other adjustments		191,448		18,261
Balance, end of period		17,531,572		12,873,846
Reinsurance and other recoverable		319,707		336,619
Policyholders' account balance net of reinsurance and other recoverables		17,211,865		12,537,227
Policyholder Account Balance, Total		$ 3,172,877		$ 3,408,635
Weighted-average crediting rate		1.85%		1.09%
Net amount at risk		$ 0		$ 0
Cash surrender value(3)		15,338,366		12,035,925
Variable/Universal Life
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period		18,736,365		18,762,548
Deposits		530,381		558,688
Interest credited		141,753		139,524
Policy charges		(451,990)		(445,483)
Surrenders and withdrawals		(216,334)		(198,073)
Benefit payments		(24,771)		(26,561)
Net transfers (to) from separate account		24,911		76,186
Change in market value and other adjustments		84,425		(154,054)
Balance, end of period		18,824,740		18,712,775
Reinsurance and other recoverable		12,834,671		12,982,489
Policyholders' account balance net of reinsurance and other recoverables		5,990,069		5,730,286
Policyholder Account Balance, Total		$ 16,575,928		$ 16,615,142
Weighted-average crediting rate		3.02%		2.98%
Net amount at risk		$ 308,975,503		$ 314,855,314
Cash surrender value(3)		$ 17,242,003		$ 17,060,852
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Policyholders' Liabilities (Gua

Policyholders' Liabilities (Guaranteed Minimum Crediting Rate) (Details) $ in Thousands	Mar. 31, 2023 USD ($)		Dec. 31, 2022 USD ($)		Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 43,799,121	[1]	$ 41,912,536	[1]	$ 37,234,064
1 - 50 bps above guaranteed minimum | Minimum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	1				1
1 - 50 bps above guaranteed minimum | Maximum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	50				50
51 - 150 bps above guaranteed minimum | Minimum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	51				51
51 - 150 bps above guaranteed minimum | Maximum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	150				150
Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	150				150
Variable Annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 3,172,877		16,432,032		$ 3,408,635	$ 11,465,411
Variable Annuities | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,298,619				2,502,615
Variable Annuities | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	854,374				887,045
Variable Annuities | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	19,882				18,973
Variable Annuities | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2				2
Variable/Universal Life
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	16,575,928		$ 18,736,365		16,615,142	$ 18,762,548
Variable/Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	6,959,702				7,204,141
Variable/Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,963,098				11,418
Variable/Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	5,433,534				5,171,316
Variable/Universal Life | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 2,219,594				$ 4,228,267
Less than 1.00% | Variable Annuities
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%				1%
Account Values with Crediting Rates	$ 1,871,203				$ 1,983,099
Less than 1.00% | Variable Annuities | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,004,577				1,078,751
Less than 1.00% | Variable Annuities | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	848,029				885,373
Less than 1.00% | Variable Annuities | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	18,595				18,973
Less than 1.00% | Variable Annuities | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 2				$ 2
Less than 1.00% | Variable/Universal Life
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%				1%
Account Values with Crediting Rates	$ 10,513				$ 16,915
Less than 1.00% | Variable/Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0				16,915
Less than 1.00% | Variable/Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0				0
Less than 1.00% | Variable/Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0				0
Less than 1.00% | Variable/Universal Life | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	10,513				0
1.00% - 1.99% | Variable Annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 239,703				$ 259,277
1.00% - 1.99% | Variable Annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%				1%
1.00% - 1.99% | Variable Annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%				1.99%
1.00% - 1.99% | Variable Annuities | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 236,212				$ 257,667
1.00% - 1.99% | Variable Annuities | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,204				1,610
1.00% - 1.99% | Variable Annuities | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,287				0
1.00% - 1.99% | Variable Annuities | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0				0
1.00% - 1.99% | Variable/Universal Life
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 3,169,413				$ 2,989,747
1.00% - 1.99% | Variable/Universal Life | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%				1%
1.00% - 1.99% | Variable/Universal Life | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%				1.99%
1.00% - 1.99% | Variable/Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 149,551				$ 359,005
1.00% - 1.99% | Variable/Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0				0
1.00% - 1.99% | Variable/Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,071,226				649,596
1.00% - 1.99% | Variable/Universal Life | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,948,636				1,981,146
2.00% - 2.99% | Variable Annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 27,558				$ 30,005
2.00% - 2.99% | Variable Annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%				2%
2.00% - 2.99% | Variable Annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%				2.99%
2.00% - 2.99% | Variable Annuities | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 25,642				$ 29,943
2.00% - 2.99% | Variable Annuities | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,916				62
2.00% - 2.99% | Variable Annuities | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0				0
2.00% - 2.99% | Variable Annuities | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0				0
2.00% - 2.99% | Variable/Universal Life
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 4,419,514				$ 4,340,323
2.00% - 2.99% | Variable/Universal Life | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%				2%
2.00% - 2.99% | Variable/Universal Life | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%				2.99%
2.00% - 2.99% | Variable/Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 32,394				$ 8,608
2.00% - 2.99% | Variable/Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	122,790				0
2.00% - 2.99% | Variable/Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	4,003,885				2,222,796
2.00% - 2.99% | Variable/Universal Life | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	260,445				2,108,919
3.00% - 4.00% | Variable Annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1,032,253				$ 1,133,842
3.00% - 4.00% | Variable Annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%				3%
3.00% - 4.00% | Variable Annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%				4%
3.00% - 4.00% | Variable Annuities | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1,030,028				$ 1,133,842
3.00% - 4.00% | Variable Annuities | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,225				0
3.00% - 4.00% | Variable Annuities | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0				0
3.00% - 4.00% | Variable Annuities | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0				0
3.00% - 4.00% | Variable/Universal Life
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 6,842,077				$ 7,166,560
3.00% - 4.00% | Variable/Universal Life | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%				3%
3.00% - 4.00% | Variable/Universal Life | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%				4%
3.00% - 4.00% | Variable/Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 4,643,346				$ 4,718,016
3.00% - 4.00% | Variable/Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,840,308				11,418
3.00% - 4.00% | Variable/Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	358,423				2,298,924
3.00% - 4.00% | Variable/Universal Life | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0				$ 138,202
Greater than 4.00% | Variable Annuities
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%				4%
Account Values with Crediting Rates	$ 2,160				$ 2,412
Greater than 4.00% | Variable Annuities | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,160				2,412
Greater than 4.00% | Variable Annuities | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0				0
Greater than 4.00% | Variable Annuities | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0				0
Greater than 4.00% | Variable Annuities | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0				$ 0
Greater than 4.00% | Variable/Universal Life
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%				4%
Account Values with Crediting Rates	$ 2,134,411				$ 2,101,597
Greater than 4.00% | Variable/Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,134,411				2,101,597
Greater than 4.00% | Variable/Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0				0
Greater than 4.00% | Variable/Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0				0
Greater than 4.00% | Variable/Universal Life | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0				$ 0
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Policyholders' Liabilities (Add

Policyholders' Liabilities (Additional Insurance Reserves) (Details) - Variable/Universal Life - Policyholder Contract Deposit - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, beginning of period	$ 3,067,335	$ 2,398,788
Unearned revenue	200,262	195,794
Amortization expense	32,752	32,330
Other adjustments	(90)
Balance, end of period	3,234,755	2,562,252
Reinsurance recoverables	1,583,054	1,401,741
Unearned revenue reserve net of reinsurance recoverables	$ 1,651,701	$ 1,160,511

Market Risk Benefits - Rollforw

Market Risk Benefits - Rollforward of Balances for Variable Annuity Products (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Variable Annuities
Market Risk Benefit [Roll Forward]
Balance, beginning of period	$ 4,550,625	$ 8,884,362
Effect of cumulative changes in non-performance risk	1,727,910	287,605
Balance, beginning of period, before effect of changes in non-performance risk	6,278,535	9,171,967
Attributed fees collected	293,206	336,535
Claims paid	(23,881)	(6,504)
Interest accrual	78,947	6,079
Actual in force different from expected	19,425	12,607
Effect of changes in interest rates	438,057	(2,352,119)
Effect of changes in equity markets	(635,535)	841,445
Other adjustments	77,790
Other adjustments	0	0
Balance, end of period, before effect of changes in non-performance risk	6,526,544	8,010,010
Effect of cumulative changes in non-performance risk	(1,908,334)	(1,189,657)
Balance, end of period	4,194,193	6,141,301
Balance, end of period	4,618,210	6,820,353
Net amount at risk	$ 10,414,217	$ 4,557,413
Weighted-average attained age of contractholders	69 years	67 years
Reinsured Market Risk Benefit
Market Risk Benefit [Roll Forward]
Balance, beginning of period	$ (422,261)	$ (906,484)
Effect of cumulative changes in non-performance risk	0	0
Balance, beginning of period, before effect of changes in non-performance risk	(422,261)	(906,484)
Attributed fees collected	(34,490)	(39,403)
Claims paid	1,653	38
Interest accrual	(2,290)	(607)
Actual in force different from expected	(2,389)	(2,225)
Effect of changes in interest rates	(49,031)	244,066
Effect of changes in equity markets	66,494	(86,467)
Other adjustments	0
Other adjustments	18,297	112,030
Balance, end of period, before effect of changes in non-performance risk	(424,017)	(679,052)
Effect of cumulative changes in non-performance risk	0	0
Balance, end of period	(424,017)	(679,052)
Variable Annuities Net of Reinsurance
Market Risk Benefit [Roll Forward]
Balance, beginning of period	4,128,364	7,977,878
Effect of cumulative changes in non-performance risk	1,727,910	287,605
Balance, beginning of period, before effect of changes in non-performance risk	5,856,274	8,265,483
Attributed fees collected	258,716	297,132
Claims paid	(22,228)	(6,466)
Interest accrual	76,657	5,472
Actual in force different from expected	17,036	10,382
Effect of changes in interest rates	389,026	(2,108,053)
Effect of changes in equity markets	(569,041)	754,978
Other adjustments	77,790
Other adjustments	18,297	112,030
Balance, end of period, before effect of changes in non-performance risk	6,102,527	7,330,958
Effect of cumulative changes in non-performance risk	(1,908,334)	(1,189,657)
Balance, end of period	$ 4,194,193	$ 6,141,301

Market Risk Benefits - Market R

Market Risk Benefits - Market Risk Benefits In Asset and Liability Positions (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021	Jan. 01, 2021
Liability for Future Policy Benefit, Activity [Line Items]
Market risk benefit assets	$ 1,427,488	$ 1,393,237
Market risk benefit liabilities	5,621,681	5,521,601
Variable Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Market risk benefit assets	1,427,488		$ 1,579,370
Market risk benefit liabilities	5,621,681		7,720,671
Total liabilities	$ 4,194,193	$ 4,550,625	$ 6,141,301	$ 8,884,362	$ (12,032)

Reinsurance (Reinsurance amount

Reinsurance (Reinsurance amounts included in the Statements of Financial Position) (Details) - USD ($) $ in Thousands		Mar. 31, 2023		Dec. 31, 2022		Mar. 31, 2022	Dec. 31, 2021	Jan. 01, 2021
Effects of Reinsurance [Line Items]
Reinsurance recoverables	[1]	$ 37,853,981		$ 37,096,562
Policy loans		(513,466)		(505,367)
Deferred policy acquisition costs		(7,039,669)	[1]	(6,930,425)	[1]	$ (6,609,213)	$ (7,029,307)	$ (2,493,082)
Deferred sale inducement	[1]	(374,826)		(381,504)
Market Risk Benefit, Asset		1,427,488		1,393,237
Other Assets	[1]	1,500,270		1,331,427
Future policy benefits		21,759,543	[1]	20,829,033	[1]	$ 20,107,861
Market risk benefit liabilities		5,621,681		5,521,601
Other liabilities	[1]	4,123,022		3,597,373
Impacts of Reinsurance
Effects of Reinsurance [Line Items]
Reinsurance recoverables		37,853,981		37,096,562
Policy loans		(1,011,824)		(1,011,112)
Deferred policy acquisition costs		(3,296,599)		(3,343,270)
Deferred sale inducement		(37,515)		(38,146)
Market Risk Benefit, Asset		547,475		543,177
Other Assets		1,372,881		1,146,794
Policyholders' account balance		6,914,263		7,157,639
Future policy benefits		6,597,226		6,320,863
Market risk benefit liabilities		129,074		120,916
Other liabilities		3,269,756		2,891,433
Unaffiliated activity
Effects of Reinsurance [Line Items]
Deferred policy acquisition costs		(107,162)		(111,379)
Market Risk Benefit, Asset		67,851		64,738
Other Assets		1,262,745		1,034,000
Policyholders' account balance		2,588,686		2,771,961
Future policy benefits		136		0
Market risk benefit liabilities		45,777		40,731
Other liabilities		$ 1,065,070		$ 820,185
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Reinsurance (Reinsurance Recove

Reinsurance (Reinsurance Recoverable by Counterparty) (Details) - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	[1]	$ 37,853,981	$ 37,096,562
PAR U
Effects of Reinsurance [Line Items]
Total reinsurance recoverables		15,311,792	15,051,337
PURC
Effects of Reinsurance [Line Items]
Total reinsurance recoverables		7,165,218	6,928,950
PARCC
Effects of Reinsurance [Line Items]
Total reinsurance recoverables		2,453,049	2,437,589
GUL Re
Effects of Reinsurance [Line Items]
Total reinsurance recoverables		3,111,960	3,124,697
PAR Term
Effects of Reinsurance [Line Items]
Total reinsurance recoverables		2,045,923	2,040,599
Prudential Insurance
Effects of Reinsurance [Line Items]
Total reinsurance recoverables		1,053,167	986,013
Term Re
Effects of Reinsurance [Line Items]
Total reinsurance recoverables		1,948,562	1,830,197
Lotus Re
Effects of Reinsurance [Line Items]
Total reinsurance recoverables		1,961,163	1,952,215
DART
Effects of Reinsurance [Line Items]
Total reinsurance recoverables		650,230	578,462
Unaffiliated
Effects of Reinsurance [Line Items]
Total reinsurance recoverables		$ 2,152,917	$ 2,166,503
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Reinsurance (Reinsurance amou_2

Reinsurance (Reinsurance amounts included in the Statement of Operations and Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023		Mar. 31, 2022
Premiums:
Direct		$ 462,067		$ 473,421
Assumed		(156)		1,397
Ceded		(385,255)		(405,313)
Net Premiums	[1]	76,656		69,505
Policy charges and fee income:
Direct		735,938		790,899
Assumed		152,600		146,806
Ceded		(502,047)		(848,525)
Net policy charges and fee income	[1]	386,491		89,180
Net investment income:
Direct		350,323		195,511
Assumed		343		453
Ceded		(1,216)		(16,664)
Net investment income		349,450		179,300
Asset administration fees:
Direct		80,356		97,457
Assumed		0		0
Ceded		(16,154)		(18,225)
Net asset administration fees		64,202		79,232
Other income (loss):
Direct		225,734		(348,688)
Assumed		(293)		39
Ceded		19,406		21,566
Net Other income (loss)	[1]	244,847		(327,083)
Realized investment gains (losses), net:
Direct		(245,923)		510,822
Assumed		138,666		(203,984)
Ceded		(13,422)		46,443
Realized investment gains (losses), net		(120,679)	[1]	353,281	[2]
Change in value of market risk benefits, net of related hedging gain (loss):
Direct		33,120		(171,355)
Assumed		(6,217)		0
Ceded		(6,701)		(266,513)
Net change in value of market risk benefits, net of related hedging gain (loss)	[2]	20,202		(437,868)
Policyholders’ benefits (including change in reserves):
Direct		878,785		854,159
Assumed		317,287		253,037
Ceded		(1,090,890)		(921,787)
Net policyholders’ benefits (including change in reserves		105,182	[1]	185,409
Change in estimates of liability for future policy benefits:
Direct		(48,501)		(9,982)
Assumed		1,807		(18,091)
Ceded		42,292		25,226
Net change in estimates of liability for future policy benefits		(4,402)		(2,847)
Interest credited to policyholders’ account balances:
Direct		222,575		145,870
Assumed		38,506		72,502
Ceded		(100,859)		(106,353)
Net interest credited to policyholders’ account balances	[1]	160,222		112,019
Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization		(117,830)		(117,357)
Unaffiliated
Premiums:
Assumed		(166)		40
Ceded		(16,575)		(11,522)
Policy charges and fee income:
Assumed		540		0
Ceded		(23,938)		(18,298)
Net investment income:
Ceded		10,920		(4,333)
Other income (loss):
Assumed		(293)		39
Ceded		(1,622)		0
Realized investment gains (losses), net:
Assumed		138,666		0
Ceded		(14,581)		45,950
Change in value of market risk benefits, net of related hedging gain (loss):
Assumed		6,217		0
Ceded		(4,773)		(50,873)
Policyholders’ benefits (including change in reserves):
Assumed		91		109
Ceded		(27,702)		(18,491)
Interest credited to policyholders’ account balances:
Assumed		$ 7,469		$ 0
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Reinsurance (Life Insurance In

Reinsurance (Life Insurance In Force) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
Reinsurance Disclosures [Abstract]
Direct gross life insurance face amount in force	$ 1,098,986,043	$ 1,085,450,111
Assumed gross life insurance face amount in force	36,379,128	37,528,980
Reinsurance ceded	(1,012,593,512)	(998,722,883)
Net life insurance face amount in force	$ 122,771,659	$ 124,256,208

Reinsurance (Narrative) (Detail

Reinsurance (Narrative) (Details) $ in Thousands

3 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

Mar. 31, 2023 USD ($)

Mar. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Dec. 31, 2016

Dec. 31, 2019

Dec. 31, 2019

Dec. 31, 2016

Dec. 31, 2013

Dec. 31, 2017

Dec. 31, 2013

Dec. 31, 2022 USD ($)

Oct. 01, 2021 USD ($)

Effects of Reinsurance [Line Items]

Deposit assets on reinsurance

$ 1,108,000

$ 828,000

Funds witheld liabilities

945,000

705,000

Ceded Premiums

(385,255)

$ (405,313)

Policy loan assets

513,466

505,367

Reinsurance recoverables

[1]

37,853,981

37,096,562

Impacts of Reinsurance

Effects of Reinsurance [Line Items]

Policy loan assets

1,011,824

1,011,112

Reinsurance recoverables

37,853,981

37,096,562

PAR U

Effects of Reinsurance [Line Items]

Reinsurance recoverables

15,311,792

15,051,337

PURC

Effects of Reinsurance [Line Items]

Reinsurance recoverables

7,165,218

6,928,950

PARCC

Effects of Reinsurance [Line Items]

Reinsurance recoverables

2,453,049

2,437,589

GUL Re

Effects of Reinsurance [Line Items]

Reinsurance recoverables

3,111,960

3,124,697

PAR Term

Effects of Reinsurance [Line Items]

Reinsurance recoverables

2,045,923

2,040,599

Term Re

Effects of Reinsurance [Line Items]

Reinsurance recoverables

1,948,562

1,830,197

Prudential Insurance

Effects of Reinsurance [Line Items]

Reinsurance recoverables

1,053,167

986,013

Lotus Re

Effects of Reinsurance [Line Items]

Reinsurance recoverables

1,961,163

1,952,215

DART

Effects of Reinsurance [Line Items]

Reinsurance recoverables

650,230

$ 578,462

Union Hamilton

Effects of Reinsurance [Line Items]

Reinsurance recoverables

2,500,000

Union Hamilton | Quote Share Reinsurance

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

50%

Variable Annuities | FLIAC

Effects of Reinsurance [Line Items]

Reinsurance contracts

4,800,000

Fixed Annuities | FLIAC

Effects of Reinsurance [Line Items]

Reinsurance contracts

$ 1,900,000

Percent of total reinsured block

0.74

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 | 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%

[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023		Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 56,239	[1]	$ (198,848)
Effective Income Tax Rate, Percent	16.74%		29.20%
Federal Statutory Income Tax Rate, Percent	21%
Book-income Alternative Minimum Tax Rate	15%
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Equity (Accumulated Other Compr

Equity (Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	[1]	$ (10,065)
Income tax benefit (expense)	[2]	(110,262)	$ (18,013)
Ending Balance	[1]	406,639
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance		(20,007)	(11,274)
Change in OCI before reclassifications		2,666	(1,670)
Amounts reclassified from AOCI		0	0
Income tax benefit (expense)		(181)	145
Ending Balance		(17,522)	(12,799)
Net unrealized investment gains (losses)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance		(1,474,475)	306,331
Change in OCI before reclassifications		377,650	(957,454)
Amounts reclassified from AOCI		4,451	22,931
Income tax benefit (expense)		(80,219)	196,201
Ending Balance		(1,172,593)	(431,991)
Accumulated Other Comprehensive   Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance		(10,065)	396,456
Change in OCI before reclassifications		522,515	61,641
Amounts reclassified from AOCI		4,451	22,931
Income tax benefit (expense)		(110,262)	(18,013)
Ending Balance		406,639	463,015
Interest Rate Remeasurement of Future Policy Benefits
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance		119,368	(125,809)
Change in OCI before reclassifications		(38,224)	118,713
Amounts reclassified from AOCI		0	0
Income tax benefit (expense)		8,027	(24,930)
Ending Balance		89,171	(32,026)
Gain (loss) from Changes in Non-Performance Risk on Market Risk Benefits
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance		1,365,049	227,208
Change in OCI before reclassifications		180,423	902,052
Amounts reclassified from AOCI		0	0
Income tax benefit (expense)		(37,889)	(189,429)
Ending Balance		1,507,583	939,831
Cash flow hedges | Net unrealized investment gains (losses)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance		139,000	40,000
Ending Balance		$ 118,000	$ 53,000
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Equity (Reclassification out of

Equity (Reclassification out of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net unrealized investment gains (losses)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	$ 4,451	$ 22,931
Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	4,451	22,931
Amounts reclassified from AOCI | Net unrealized investment gains (losses)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(4,451)	(22,931)
Amounts reclassified from AOCI | Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(4,451)	(22,931)
Amounts reclassified from AOCI | Fixed maturities, available-for-sale
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	(8,221)	(36,721)
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)	$ 3,770	$ 13,790

Equity (Net Unrealized Investme

Equity (Net Unrealized Investment Gains (Losses) in AOCI on AFS Fixed Maturity Securities with Allowance for Credit Losses and All Other Investments) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	$ (10,065)	[1]
Ending Balance	406,639	[1]
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	4,371
Net investment gains (losses) on investments arising during the period	(80)
Reclassification adjustment for (gains) losses included in net income	(127)
Impact of net unrealized investment (gains) losses	0
Ending Balance	4,164
Net Unrealized Investment Gains (Losses) on All Other Investments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(2,161,026)
Net investment gains (losses) on investments arising during the period	442,527
Reclassification adjustment for (gains) losses included in net income	4,578
Impact of net unrealized investment (gains) losses	0
Ending Balance	(1,713,921)
Deferred Policy Acquisition Costs and Other Costs
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(1,198,422)
Net investment gains (losses) on investments arising during the period	0
Reclassification adjustment for (gains) losses included in net income	0
Impact of net unrealized investment (gains) losses	289,957
Ending Balance	(908,465)
Future Policy Benefits and Policyholders’ Account Balances and other liabilities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	1,488,679
Net investment gains (losses) on investments arising during the period	0
Reclassification adjustment for (gains) losses included in net income	0
Impact of net unrealized investment (gains) losses	(354,754)
Ending Balance	1,133,925
Income Tax Benefit (Expense)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	391,923
Net investment gains (losses) on investments arising during the period	(92,889)
Reclassification adjustment for (gains) losses included in net income	(935)
Impact of net unrealized investment (gains) losses	13,605
Ending Balance	311,704
Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(1,474,475)
Net investment gains (losses) on investments arising during the period	349,558
Reclassification adjustment for (gains) losses included in net income	3,516
Impact of net unrealized investment (gains) losses	(51,192)
Ending Balance	$ (1,172,593)
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details)		1 Months Ended				3 Months Ended		12 Months Ended
		Feb. 28, 2023 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Mar. 31, 2023 USD ($) policy	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)
Related Party Transaction [Line Items]
Commissions and fees	[1]					$ 386,491,000	$ 89,180,000
Net investment income						349,450,000	179,300,000
Other invested assets						1,075,216,000		$ 1,088,613,000
Fee income from revenue sharing agreement						64,202,000	79,232,000
Accrued investment income						249,773,000		219,635,000
Prudential Insurance
Related Party Transaction [Line Items]
Contributed Capital		$ 405,000,000	$ 7,000,000	$ 3,000,000	$ 8,000,000
Dividends						0		0
PGF
Related Party Transaction [Line Items]
Interest income related to loans payable						110,000,000
Prudential Insurance
Related Party Transaction [Line Items]
Stock option program plan expense						100,000	100,000
Deferred compensation program expense						2,700,000	2,700,000
Pension plan expense						3,000,000	5,000,000
Welfare plan expense						$ 4,000,000	4,000,000
Defined contribution plan, employer matching contribution, percent (up to)						4%
Defined contribution plan, cost recognized						$ 2,000,000	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						$ 4,671,000,000		4,512,000,000
Fees related to Life Insurance, Corporate or Bank Owned, amount						13,000,000	14,000,000
Prudential Financial
Related Party Transaction [Line Items]
Company's share of corporate expenses						$ 39,000,000	13,000,000
Number of Corporate Owned Life Insurance policies sold | policy						1
Affiliated Entity
Related Party Transaction [Line Items]
Net investment income						$ 2,000,000	1,000,000
Accrued interest receivable related to long-term notes receivable						400,000		1,000,000
Revenues related to long-term notes receivable						1,000,000	1,000,000
Accrued investment income						500,000		500,000
Line of credit facility, maximum borrowing capacity						7,000,000,000
Interest expense related to loans payable						3,000,000	300,000
Affiliated Entity | PAD
Related Party Transaction [Line Items]
Commissions and fees						140,000,000	170,000,000
Affiliated Entity | PGIM
Related Party Transaction [Line Items]
Net investment income						12,000,000	8,000,000
Affiliated Entity | ASTISI and PGIM Investments
Related Party Transaction [Line Items]
Fee income from revenue sharing agreement						69,000,000	85,000,000
Affiliated Entity | PGIM Investments
Related Party Transaction [Line Items]
Fee income from revenue sharing agreement						9,000,000	10,000,000
Prudential Financial Joint Ventures
Related Party Transaction [Line Items]
Net investment income						2,000,000	$ 13,000,000
Other invested assets						$ 631,000,000		$ 606,000,000
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Related Party Transactions (Aff

Related Party Transactions (Affiliated Notes Receivable) (Details) - Affiliated Entity - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Total notes receivable - affiliated	$ 148,996	$ 148,076
U.S. Dollar fixed rate notes
Related Party Transaction [Line Items]
Total notes receivable - affiliated	$ 148,996	$ 148,076
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	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Commercial Mortgage Loans	$ 5,071,307	$ 4,928,680
Affiliated Entity | Commercial mortgage loans
Related Party Transaction [Line Items]
Interest Rates	9.20%
Commercial Mortgage Loans	$ 71,928	$ 72,225

Related Party Transactions (A_2

Related Party Transactions (Affiliated Asset Transfers) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023		Mar. 31, 2022	[2]	Dec. 31, 2022
Related Party Transaction [Line Items]
Additional paid-in capital					$ 6,037,914
Realized investment gains (losses)	$ (120,679)	[1]	$ 353,281
Affiliated Entity | PALAC - January 2022 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	4,432
Book Value	4,432
Additional paid-in capital	0
Realized investment gains (losses)	0
Affiliated Entity | PALAC - January 2022 - Purchase - Derivatives
Related Party Transaction [Line Items]
Fair Value	404
Book Value	404
Additional paid-in capital	0
Realized investment gains (losses)	0
Affiliated Entity | PALAC - February 2022 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	128,909
Book Value	128,909
Additional paid-in capital	0
Realized investment gains (losses)	0
Affiliated Entity | PAR U - April 2022 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	48,970
Book Value	48,970
Additional paid-in capital	0
Realized investment gains (losses)	0
Affiliated Entity | Prudential Insurance - May 2022 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	233,426
Book Value	241,128
Additional paid-in capital	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
Book Value	81,216
Additional paid-in capital	(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
Book Value	45,031
Additional paid-in capital	(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
Book Value	58,984
Additional paid-in capital	(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
Book Value	6,492
Additional paid-in capital	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
Book Value	15,725
Additional paid-in capital	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
Book Value	13,551
Additional paid-in capital	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
Book Value	9,033
Additional paid-in capital	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
Book Value	4,403
Additional paid-in capital	0
Realized investment gains (losses)	0
Affiliated Entity | Prudential Insurance - July 2022 - Transfer in - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	6,319
Book Value	7,230
Additional paid-in capital	719
Realized investment gains (losses)	0
Affiliated Entity | Prudential Arizona Reinsurance Captive Co - July 2022 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	16,284
Book Value	16,284
Additional paid-in capital	0
Realized investment gains (losses)	0
Affiliated Entity | Prudential Insurance - August 2022 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	155,823
Book Value	139,712
Additional paid-in capital	(12,728)
Realized investment gains (losses)	0
Affiliated Entity | Vantage Casualty Insurance Co - September 2022 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	3,497
Book Value	3,497
Additional paid-in capital	0
Realized investment gains (losses)	0
Affiliated Entity | WH Warehouse Ltd - October 2022 - Sale - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	26,536
Book Value	26,388
Additional paid-in capital	0
Realized investment gains (losses)	148
Affiliated Entity | PARU - November 2022 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	91,051
Book Value	91,051
Additional paid-in capital	0
Realized investment gains (losses)	0
Affiliated Entity | Prudential Insurance - December 2022 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	67,477
Book Value	71,369
Additional paid-in capital	3,075
Realized investment gains (losses)	0
Affiliated Entity | Prudential Insurance, January 2023, Purchase, Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	48,329
Book Value	50,372
Additional paid-in capital	1,614
Realized investment gains (losses)	0
Affiliated Entity | Prudential Insurance, March 2023, Purchase, Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	7,175
Book Value	7,500
Additional paid-in capital	256
Realized investment gains (losses)	$ 0
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Related Party Transactions Rela

Related Party Transactions Related Party Transactions (Debt Agreements) (Details) - Affiliated Entity - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 310,196	$ 311,813
Prudential Insurance Loan Issued 8/13/2021
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 95,885	96,666
Interest Rates	4.39%
Prudential Insurance Loan Issued 8/13/2021
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 28,766	29,000
Interest Rates	4.39%
Prudential Insurance Loan Issued 8/13/2021
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 96,989	97,665
Interest Rates	3.95%
Prudential Insurance Loan Issued 8/13/2021
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 38,796	39,066
Interest Rates	3.95%
Prudential Insurance Loan Issued 8/13/2021
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 48,495	48,832
Interest Rates	3.95%
Prudential Funding, LLC, Loan Issued 12/28/2022
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 0	138
Interest Rates	4.73%
Prudential Funding, LLC, Loan Issued 12/29/2022
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 0	62
Interest Rates	4.73%
Prudential Funding, LLC, Loan Issued 12/30/2022
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 0	384
Interest Rates	4.73%
Prudential Funding, LLC, Loan Issued 3/24/2023
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 377	0
Interest Rates	5.31%
Prudential Funding, LLC, Loan Issued 3/27/2023
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 233	0
Interest Rates	5.31%
Prudential Funding, LLC, Loan Issued 3/28/2023
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 459	0
Interest Rates	5.31%
Prudential Funding, LLC, Loan Issued 3/29/2023
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 46	0
Interest Rates	5.31%
Prudential Funding, LLC, Loan Issued 3/30/2023
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 150	$ 0
Interest Rates	5.31%

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Jul. 31, 2017
Commitments and Contingent Liabilities [Line Items]
Litigation and regulatory matters loss contingency, range of possible loss, maximum (less than)	$ 100
Indonesia | CT Corp Joint Venture
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	359		$ 333
Allowance for credit losses	0.1		0.1
Change in allowance for credit loss expense (reversal)	0	$ 0
Commitments | Investments
Commitments and Contingent Liabilities [Line Items]
Commitments to purchase investment (excluding commercial mortgage loans)	887		582
Purchase Commitment
Commitments and Contingent Liabilities [Line Items]
Change in allowance for credit loss expense (reversal)	0	$ 0
Other Guarantees
Commitments and Contingent Liabilities [Line Items]
Accrued liabilities	$ 33		$ 33