Pruco Life Insurance 10-Q/A 16 Aug 24 2024 Q1 Quarterly report (amended) Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2024	Aug. 16, 2024
Cover [Abstract]
Document Type	10-Q/A
Amendment Flag	true
Document Quarterly Report	true
Entity Registrant Name	PRUCO LIFE INSURANCE CO
Document Period End Date	Mar. 31, 2024
Document Fiscal Year Focus	2024
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
Amendment Description	Pruco Life Insurance Company (“Pruco Life” or the “Company”) is filing this Amendment No. 1 on Form 10-Q/A (“Amendment No. 1”) to its previously filed Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2024, originally filed with the Securities and Exchange Commission (“SEC”) on May 13, 2024 (the “Original Filing”) to amend and restate the Original Filing in its entirety to:

Unaudited Interim Consolidated

Unaudited Interim Consolidated Statements of Financial Position - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Fixed maturities, available for sale, at fair value (allowance for credit losses: 2024-$1,650; 2023-$2,008) (amortized cost: 2024–$29,821,440; 2023–$27,538,066)	$ 28,031,484	$ 26,131,780
Fixed maturities, trading, at fair value (amortized cost: 2024–$3,942,046; 2023–$3,476,746)	3,180,460	2,796,446
Equity securities, at fair value (cost: 2024– $575,867; 2023–$824,270)	574,736	844,950
Policy loans	1,496,241	1,472,677
Short-term investments	673,511	380,366
Commercial mortgage and other loans (net of $42,682 and $37,689 allowance for credit losses at March 31, 2024 and December 31, 2023, respectively)	6,279,862	6,122,721
Other invested assets (includes $96,618 and $85,025 of assets measured at fair value at March 31, 2024 and December 31, 2023, respectively)	1,337,953	1,222,985
Total investments	41,574,247	38,971,925
Cash and cash equivalents	2,357,758	2,139,792
Deferred policy acquisition costs	7,245,454	7,097,511
Accrued investment income	361,054	333,838
Reinsurance recoverables	41,124,532	38,709,651
Receivables from parent and affiliates	514,254	332,583
Deferred sales inducements	344,893	351,424
Income tax assets	1,909,794	1,737,651
Market risk benefits assets	2,536,843	2,367,243
Other Assets	2,347,175	2,078,938
Separate account assets	121,895,023	119,188,485
TOTAL ASSETS	222,211,027	213,309,041
LIABILITIES
Policyholders’ account balances	57,764,158	53,012,800
Future policy benefits	23,412,117	23,205,205
Market risk benefit liabilities	4,388,317	5,144,401
Cash collateral for loaned securities	3,698	218,310
Short-term debt to affiliates	179,115	180,411
Payables to parent and affiliates	2,560,741	2,667,696
Other liabilities	8,409,164	5,170,308
Separate account liabilities	121,895,023	119,188,485
Total liabilities	218,612,333	208,787,616
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 15)
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	5,058,324	5,052,602
Retained earnings / (accumulated deficit)	(1,075,373)	(532,951)
Accumulated other comprehensive income (loss)	(443,442)	(30,920)
Total Pruco Life Insurance Company equity	3,542,009	4,491,231
Noncontrolling Interests	56,685	30,194
Total equity	3,598,694	4,521,425
TOTAL LIABILITIES AND EQUITY	$ 222,211,027	$ 213,309,041

Unaudited Interim Consolidate_2

Unaudited Interim Consolidated Statements of Financial Position (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Fixed Maturities, Available-for-sale, allowance for credit losses	$ 1,650	$ 2,008
Fixed Maturities, Available-for-sale, amortized cost	29,821,440	27,538,066
Fixed maturities, trading, amortized cost	3,942,046	3,476,746
Equity securities, at cost	575,867	824,270
Commercial mortgage and other loans, allowance for credit losses	42,682	37,689
Other invested assets, at fair value	$ 96,618	$ 85,025
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, 2024	Mar. 31, 2023
REVENUES
Premiums	$ 92,182	$ 76,656
Policy charges and fee income	2,909,205	386,491
Net investment income	505,320	349,450
Asset administration fees	56,632	64,202
Other income (loss)	213,485	244,847
Realized Investment gains (losses), net	23,000	(120,679)
Net change in value of market risk benefits, net of related hedging gain (loss)	91,591	20,202
TOTAL REVENUES	3,891,415	1,021,169
BENEFITS AND EXPENSES
Policyholders' benefits	4,106,408	105,182
Net change in estimates of liability for future policy benefits	(12,005)	(4,402)
Interest credited to policyholders’ account balances	224,550	160,222
Amortization of deferred policy acquisition costs	(131,015)	137,495
General, administrative and other expenses	308,178	286,647
TOTAL BENEFITS AND EXPENSES	4,496,116	685,144
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total	(604,701)	336,025
Income tax expense (benefit)	(63,617)	56,239
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE	(541,084)	279,786
Equity in earnings of operating joint venture, net of taxes	(157)	(107)
NET INCOME (LOSS)	(541,241)	279,679
Less: Income (loss) attributable to noncontrolling interests	1,181	0
NET INCOME (LOSS) ATTRIBUTABLE TO PRUCO LIFE INSURANCE COMPANY	(542,422)	279,679
Other comprehensive income (loss), before tax:
Foreign currency translation adjustments	(2,362)	2,666
Net unrealized investment gains (losses)	(313,307)	382,101
Interest rate remeasurement of future policy benefits	32,830	(38,224)
Gain (loss) from changes in non-performance risk on market risk benefits	(238,974)	180,423
Total	(521,813)	526,966
Less: Income tax expense (benefit) related to other comprehensive income (loss)	(109,291)	110,262
Other comprehensive income (loss), net of taxes	(412,522)	416,704
Comprehensive income (loss)	(953,763)	696,383
Less: Comprehensive income (loss) attributable to noncontrolling interests	1,181	0
Comprehensive income (loss) attributable to Pruco Life Insurance Company	$ (954,944)	$ 696,383

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)	Total Pruco Life Insurance Company Equity	Noncontrolling Interests	Total  Equity
Beginning Balance at Dec. 31, 2022	[1]		$ 2,500	$ 6,037,914	$ (994,154)	$ (10,065)	$ 5,036,195	$ 0	$ 5,036,195
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contributed capital				405,000			405,000		405,000
Contributed (distributed) capital-parent/child asset transfers				1,870			1,870		1,870
Comprehensive income (loss):
Net Income (Loss)		$ 279,679			279,679		279,679		279,679
Other comprehensive income (loss), net of tax		416,704				416,704	416,704	0	416,704
Comprehensive income (loss)		696,383					696,383	0	696,383
Ending Balance at Mar. 31, 2023			2,500	6,444,784	(714,475)	406,639	6,139,448	0	6,139,448
Beginning Balance at Dec. 31, 2023		4,521,425	2,500	5,052,602	(532,951)	(30,920)	4,491,231	30,194	4,521,425
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contributions from noncontrolling interests								25,310	25,310
Contributed (distributed) capital-parent/child asset transfers				5,722			5,722		5,722
Comprehensive income (loss):
Net Income (Loss)		(541,241)			(542,422)		(542,422)	1,181	(541,241)
Other comprehensive income (loss), net of tax		(412,522)				(412,522)	(412,522)	0	(412,522)
Comprehensive income (loss)		(953,763)			0		(954,944)	1,181	(953,763)
Ending Balance at Mar. 31, 2024		$ 3,598,694	$ 2,500	$ 5,058,324	$ (1,075,373)	$ (443,442)	$ 3,542,009	$ 56,685	$ 3,598,694
[1]Prior period amounts reflect 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, 2024	Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	$ (541,241)	$ 279,679
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Policy charges and fee income	(2,407,448)	17,704
Interest credited to policyholders’ account balances	224,550	160,222
Realized investment (gains) losses, net	(23,000)	120,679
Change in value of market risk benefits, net of related hedging (gains) losses	(91,591)	(20,202)
Change in:
Future policy benefits and other insurance liabilities	758,805	484,712
Reinsurance recoverables	(220,256)	(45,521)
Accrued investment income	(19,317)	(30,022)
Net payables to/receivables from parent and affiliates	53,794	(26,556)
Deferred policy acquisition costs	(462,777)	(109,244)
Income taxes	(64,423)	55,566
Derivatives, net	(23,220)	(225,835)
Other, net	3,506,749	(76,628)
Cash flows from (used in) operating activities	690,625	584,554
Proceeds from the sale/maturity/prepayment of:
Fixed maturities, available-for-sale	534,863	410,373
Fixed maturities, trading	109,671	20,383
Equity securities	599,147	44,737
Policy loans	43,678	49,376
Ceded policy loans	(152,846)	(36,100)
Short-term investments	203,345	54,461
Commercial mortgage and other loans	138,763	39,507
Other invested assets	47,619	2,662
Payments for the purchase/origination of:
Fixed maturities, available-for-sale	(2,738,376)	(2,262,838)
Fixed maturities, trading	(521,570)	(238,718)
Equity securities	(355,267)	(84,161)
Policy loans	(64,385)	(44,573)
Ceded policy loans	26,675	27,008
Short-term investments	(495,831)	(196,042)
Commercial mortgage and other loans	(309,826)	(170,647)
Other invested assets	(146,510)	(41,722)
Notes receivable from parent and affiliates, net	(120,777)
Notes receivable from parent and affiliates, net		66
Derivatives, net	(17,634)	8,058
Other, net	7,478	16,146
Cash flows from (used in) investing activities	(3,211,783)	(2,402,024)
CASH FLOWS FROM FINANCING ACTIVITIES:
Policyholders’ account deposits	4,110,730	2,609,854
Ceded policyholders’ account deposits	(356,405)	(299,058)
Policyholders’ account withdrawals	(1,027,050)	(954,813)
Ceded policyholders’ account withdrawals	239,384	158,338
Net change in securities sold under agreement to repurchase and cash collateral for loaned securities	(214,607)	72,809
Contributed / (return of) capital	0
Contributed / (return of) capital		405,000
Contributed (distributed) capital - parent/child asset transfers	7,481	2,368
Net change in all other financing arrangements (maturities 90 days or less)	(1,296)	681
Drafts outstanding	(69,072)	(60,532)
Other, net	49,959	(26,049)
Cash flows from (used in) financing activities	2,739,124	1,908,598
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	217,966	91,128
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	2,139,792	2,397,627
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 2,357,758	$ 2,488,755

Unaudited Interim Consolidate_6

Unaudited Interim Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
FLIAC
Non-cash activities		$ 6
Affiliated Entity | PURE and PICA
Non-cash activities	$ 1,138

Business and Basis of Presentat

Business and Basis of Presentation	3 Months Ended
	Mar. 31, 2024
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 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 subsidiaries 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”). Basis of Presentation The Unaudited Interim Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) on a basis consistent with reporting interim financial information in accordance with instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (“SEC”). The Unaudited Interim Consolidated Financial Statements include the accounts of Pruco Life and entities over which the Company exercises control, including majority-owned subsidiaries. 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, 2023. 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 ("MRBs"); 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. Restatement of Previously Issued Unaudited Interim Consolidated Financial Statements In connection with the Company’s close process for the three months ended June 30, 2024, the Company identified an error in the valuation of policyholder account balances of indexed variable annuity products, and certain other immaterial errors. The restatement of the three months ended March 31, 2024, relates mainly to an $86 million valuation-related pre-tax charge from an increase to the policyholder account balances of indexed variable annuity products, and certain other immaterial adjustments. In connection with this restatement, the Company also corrected for an unrelated $75 million misclassification of certain affiliated ceded activity in the Unaudited Interim Consolidated Statements of Cash Flows for the three months ended March 31, 2024, which decreased cash flows from financing activities and increased cash flows from operating activities. The impacts of the adjustments have been reflected throughout the Unaudited Interim Consolidated Financial Statements, including the applicable footnotes, as appropriate. The following are selected line items from the Unaudited Interim Consolidated Financial Statements illustrating the effects of these adjustments: Unaudited Interim Consolidated Statements of Financial Position March 31, 2024 As Previously Reported Adjustment As Restated (in thousands) ASSETS Reinsurance recoverables $ 41,060,869 $ 63,663 $ 41,124,532 Income tax assets 1,896,793 13,001 1,909,794 TOTAL ASSETS $ 222,134,363 $ 76,664 $ 222,211,027 LIABILITIES AND EQUITY LIABILITIES Policyholders' account balances $ 57,677,780 $ 86,378 $ 57,764,158 Future policy benefits 23,362,318 49,799 23,412,117 Other liabilities 8,361,698 47,466 8,409,164 Total liabilities 218,428,690 183,643 218,612,333 EQUITY Retained earnings / (accumulated deficit) (968,394) (106,979) (1,075,373) Total equity 3,705,673 (106,979) 3,598,694 TOTAL LIABILITIES AND EQUITY $ 222,134,363 $ 76,664 $ 222,211,027 Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss) Three Months Ended March 31, 2024 As Previously Reported Adjustment As Restated (in thousands) REVENUES Policy charges and fee income $ 2,928,745 $ (19,540) $ 2,909,205 Realized investment gains (losses), net 108,643 (85,643) 23,000 TOTAL REVENUES 3,996,598 (105,183) 3,891,415 BENEFITS AND EXPENSES Policyholders’ benefits 4,091,801 14,607 4,106,408 Interest credited to policyholders’ account balances 224,258 292 224,550 General, administrative and other expenses 308,280 (102) 308,178 TOTAL BENEFITS AND EXPENSES 4,481,319 14,797 4,496,116 INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE (484,721) (119,980) (604,701) Income tax expense (benefit) (50,616) (13,001) (63,617) INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE (434,105) (106,979) (541,084) NET INCOME (LOSS) $ (434,262) $ (106,979) $ (541,241) Unaudited Interim Consolidated Statements of Equity Retained Earnings Total Equity As Previously Reported Adjustment As Restated As Previously Reported Adjustment As Restated (in thousands) Balance, December 31, 2023 $ (532,951) $ 0 $ (532,951) $ 4,521,425 $ 0 $ 4,521,425 Comprehensive income (loss): Net income (loss) (435,443) (106,979) (542,422) (434,262) (106,979) (541,241) Total comprehensive income (loss) 0 0 0 (846,784) (106,979) (953,763) Balance, March 31, 2024 $ (968,394) $ (106,979) $ (1,075,373) $ 3,705,673 $ (106,979) $ 3,598,694 Unaudited Interim Consolidated Statements of Cash Flows Three Months Ended March 31, 2024 As Previously Reported Adjustment As Restated (in thousands) CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) $ (434,262) $ (106,979) $ (541,241) Policy charges and fee income (3,067,235) 659,787 (2,407,448) Interest credited to policyholders’ account balances 224,258 292 224,550 Realized investment (gains) losses, net (108,643) 85,643 (23,000) Change in: Future policy benefits and other insurance liabilities 709,006 49,799 758,805 Reinsurance recoverables 415,037 (635,293) (220,256) Income taxes (51,422) (13,001) (64,423) Other, net 3,474,569 32,180 3,506,749 Cash flows from (used in) operating activities 618,197 72,428 690,625 CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from the sale/maturity/prepayment of: Ceded policy loans (175,584) 22,738 (152,846) Payments for the purchase/origination of: Ceded policy loans 46,827 (20,152) 26,675 Cash flows from (used in) investing activities (3,214,369) 2,586 (3,211,783) CASH FLOWS FROM FINANCING ACTIVITIES: Ceded policyholders’ account deposits (278,292) (78,113) (356,405) Ceded policyholders’ account withdrawals 236,285 3,099 239,384 Cash flows from (used in) financing activities 2,814,138 (75,014) 2,739,124

Significant Accounting Policies

Significant Accounting Policies and Pronouncements	3 Months Ended
	Mar. 31, 2024
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, 2024, and as of the date of this filing. ASUs not listed below were assessed and determined to be either not applicable or not material. ASUs issued but not yet adopted as of March 31, 2024 Standard Description Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures This ASU requires entities, including those with a single operating or reportable segment, to provide more detailed information about significant segment expenses that are regularly provided to the chief operating decision maker. The ASU also clarifies that all of the disclosures required in the guidance apply to all public entities, including those with a single operating or reportable segment. Effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted, using the retrospective method. The Company is currently assessing the impact of the ASU on the Company's Consolidated Financial Statements and Notes to the Consolidated Financial Statements.

Investments

Investments	3 Months Ended
	Mar. 31, 2024
Investments [Abstract]
Investments	3. INVESTMENTS Fixed Maturity Securities The following tables set forth the composition of fixed maturity securities (excluding investments classified as trading), as of the dates indicated: March 31, 2024 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 $ 1,010,188 $ 21,942 $ 83,145 $ 0 $ 948,985 Obligations of U.S. states and their political subdivisions 752,425 2,787 23,498 0 731,714 Foreign government bonds 323,945 1,146 57,467 0 267,624 U.S. public corporate securities 10,833,337 51,557 878,936 1,232 10,004,726 U.S. private corporate securities 5,256,562 20,051 294,191 185 4,982,237 Foreign public corporate securities 2,178,852 9,138 125,425 233 2,062,332 Foreign private corporate securities 5,154,303 69,870 452,413 0 4,771,760 Asset-backed securities(1) 3,024,574 26,682 8,452 0 3,042,804 Commercial mortgage-backed securities 893,912 4,163 63,558 0 834,517 Residential mortgage-backed securities(2) 393,342 1,824 10,381 0 384,785 Total fixed maturities, available-for-sale $ 29,821,440 $ 209,160 $ 1,997,466 $ 1,650 $ 28,031,484 (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. December 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 $ 1,009,937 $ 38,858 $ 73,508 $ 0 $ 975,287 Obligations of U.S. states and their political subdivisions 789,856 5,288 18,517 0 776,627 Foreign government bonds 330,830 1,840 50,684 0 281,986 U.S. public corporate securities 10,159,089 98,047 760,274 950 9,495,912 U.S. private corporate securities 5,207,699 37,435 254,828 812 4,989,494 Foreign public corporate securities 1,809,347 12,658 115,673 238 1,706,094 Foreign private corporate securities 4,902,391 109,806 381,215 0 4,630,982 Asset-backed securities(1) 2,016,028 23,035 11,512 1 2,027,550 Commercial mortgage-backed securities 913,347 4,776 66,345 0 851,778 Residential mortgage-backed securities(2) 399,542 4,016 7,481 7 396,070 Total fixed maturities, available-for-sale $ 27,538,066 $ 335,759 $ 1,740,037 $ 2,008 $ 26,131,780 (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 fixed maturity, available-for-sale 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, 2024 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 $ 97,935 $ 2,189 $ 206,348 $ 80,956 $ 304,283 $ 83,145 Obligations of U.S. states and their political subdivisions 223,854 2,020 222,390 21,478 446,244 23,498 Foreign government bonds 25,819 805 219,833 56,662 245,652 57,467 U.S. public corporate securities 1,923,127 32,957 5,440,539 845,953 7,363,666 878,910 U.S. private corporate securities 1,166,202 27,298 2,789,185 266,893 3,955,387 294,191 Foreign public corporate securities 240,006 1,856 949,080 123,377 1,189,086 125,233 Foreign private corporate securities 948,742 17,812 2,405,290 434,601 3,354,032 452,413 Asset-backed securities 552,452 2,424 342,617 6,028 895,069 8,452 Commercial mortgage-backed securities 22,085 39 585,189 63,519 607,274 63,558 Residential mortgage-backed securities 61,540 671 150,028 9,710 211,568 10,381 Total fixed maturities, available-for-sale $ 5,261,762 $ 88,071 $ 13,310,499 $ 1,909,177 $ 18,572,261 $ 1,997,248 December 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 $ 98,174 $ 945 $ 214,889 $ 72,563 $ 313,063 $ 73,508 Obligations of U.S. states and their political subdivisions 83,729 293 218,375 18,224 302,104 18,517 Foreign government bonds 10,226 116 233,757 50,568 243,983 50,684 U.S. public corporate securities 782,904 10,009 5,201,353 750,265 5,984,257 760,274 U.S. private corporate securities 707,674 16,613 2,794,697 238,181 3,502,371 254,794 Foreign public corporate securities 92,955 1,063 948,963 114,169 1,041,918 115,232 Foreign private corporate securities 429,212 8,035 2,461,367 373,180 2,890,579 381,215 Asset-backed securities 208,970 1,761 532,814 9,750 741,784 11,511 Commercial mortgage-backed securities 42,621 298 580,931 66,047 623,552 66,345 Residential mortgage-backed securities 35,904 435 124,956 7,046 160,860 7,481 Total fixed maturities, available-for-sale $ 2,492,369 $ 39,568 $ 13,312,102 $ 1,699,993 $ 15,804,471 $ 1,739,561 As of March 31, 2024 and December 31, 2023, the gross unrealized losses on fixed maturity, available-for-sale securities without an allowance of $1,872 million and $1,634 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 $126 million and $106 million, respectively, related to other than high or highest quality securities based on NAIC or equivalent rating. As of March 31, 2024, the $1,909 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, 2023, the $1,700 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, 2023, the Company concluded that an adjustment to earnings for credit losses related to these fixed maturity securities was not warranted at March 31, 2024. This conclusion was based on a detailed analysis of the underlying credit and cash flows for each security. Gross unrealized losses are primarily attributable to increases in interest rates, general credit spread widening and foreign currency exchange rate movements. As of March 31, 2024, 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, available-for-sale by contractual maturities, as of the date indicated: March 31, 2024 Amortized Cost Fair Value (in thousands) Fixed maturities, available-for-sale: Due in one year or less $ 1,729,699 $ 1,690,127 Due after one year through five years 9,365,511 9,041,701 Due after five years through ten years 6,980,612 6,650,110 Due after ten years 7,433,790 6,387,440 Asset-backed securities 3,024,574 3,042,804 Commercial mortgage-backed securities 893,912 834,517 Residential mortgage-backed securities 393,342 384,785 Total fixed maturities, available-for-sale $ 29,821,440 $ 28,031,484 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, available-for-sale, for the periods indicated: Three Months Ended March 31, 2024 2023 (in thousands) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 106,155 $ 60,373 Proceeds from maturities/prepayments 437,443 295,128 Gross investment gains from sales and maturities 937 2,672 Gross investment losses from sales and maturities (8,132) (11,938) Write-downs recognized in earnings(2) 0 3 (Addition to) release of allowance for credit losses 358 1,042 (1) Excludes activity from non-cash related proceeds due to the timing of trade settlements of $(8.7) million and $54.9 million for the three months ended March 31, 2024 and 2023, 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 available-for-sale securities, as of the dates indicated: Three Months Ended March 31, 2024 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in thousands) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 0 $ 2,000 $ 1 $ 0 $ 7 $ 2,008 Additions to allowance for credit losses not previously recorded 0 0 57 0 0 0 57 Reductions for securities sold during the period 0 0 (41) 0 0 0 (41) Additions (reductions) on securities with previous allowance 0 0 (845) (1) 0 (7) (853) Assets transferred to parent and affiliates 0 0 479 0 0 0 479 Balance, end of period $ 0 $ 0 $ 1,650 $ 0 $ 0 $ 0 $ 1,650 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 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, 2023 for additional information about the Company's methodology for developing our allowance and expected losses. For the three months ended March 31, 2024, the net decrease in the allowance for credit losses on available-for-sale securities was primarily related to net reductions within the finance sector within public corporate securities. 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. The Company did not have any fixed maturity securities purchased with credit deterioration, as of both March 31, 2024 and December 31, 2023. 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 $(81.3) million and $96.1 million during the three months ended March 31, 2024 and 2023, respectively. Equity Securities The net change in unrealized gains (losses) from equity securities still held at period end, recorded within “Other income (loss),” was $(12.2) million and $9.2 million during the three months ended March 31, 2024 and 2023, 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, 2024 December 31, 2023 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Apartments/Multi-Family $ 1,640,502 26.0 % $ 1,578,785 25.7 % Hospitality 102,388 1.6 102,952 1.7 Industrial 2,390,837 37.9 2,486,230 40.4 Office 593,748 9.4 604,611 9.8 Other 660,992 10.5 456,720 7.4 Retail 351,806 5.5 363,706 5.9 Total commercial mortgage loans 5,740,273 90.9 5,593,004 90.9 Agricultural property loans 575,293 9.1 562,046 9.1 Total commercial mortgage and agricultural property loans 6,315,566 100.0 % 6,155,050 100.0 % Allowance for credit losses (42,682) (37,689) Total net commercial mortgage and agricultural property loans 6,272,884 6,117,361 Other loans: Other collateralized loans 6,978 5,360 Total other loans 6,978 5,360 Total net commercial mortgage and other loans $ 6,279,862 $ 6,122,721 As of March 31, 2024, the commercial mortgage and agricultural property loans were secured by properties geographically dispersed throughout the United States (with the largest concentrations in California (27%), Texas (10%) and Colorado (5%)), and included loans secured by properties in Europe (9%), Mexico (2%) and Australia (1%). The following tables set forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated: Three Months Ended March 31, 2024 2023 Commercial Mortgage Loans Agricultural Property Loans Total Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Allowance, beginning of period $ 36,758 $ 931 $ 37,689 $ 19,665 $ 598 $ 20,263 Addition to (release of) allowance for expected losses 5,011 (18) 4,993 762 385 1,147 Allowance, end of period $ 41,769 $ 913 $ 42,682 $ 20,427 $ 983 $ 21,410 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, 2023 for additional information about the Company's methodology for developing our allowance and expected losses. For the three months ended March 31, 2024, the net increase in the allowance for credit losses on commercial mortgage and other loans was primarily related to an increase in the loan specific allowance within the office sector and in the general allowance due to net negative credit migration. 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. 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, 2024 Amortized Cost by Origination Year 2024 2023 2022 2021 2020 Prior Revolving Loans Total (in thousands) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 968 $ 248,758 $ 245,290 $ 470,775 $ 109,045 $ 1,197,318 $ 0 $ 2,272,154 60%-69.99% 206,874 674,670 355,359 463,957 171,819 421,052 0 2,293,731 70%-79.99% 84,613 217,263 133,198 254,023 77,515 103,786 0 870,398 80% or greater 0 0 46,494 73,992 3,834 179,670 0 303,990 Total $ 292,455 $ 1,140,691 $ 780,341 $ 1,262,747 $ 362,213 $ 1,901,826 $ 0 $ 5,740,273 Debt Service Coverage Ratio: Greater than 1.2x $ 252,287 $ 1,036,927 $ 776,847 $ 1,262,747 $ 291,472 $ 1,759,044 $ 0 $ 5,379,324 1.0 - 1.2x 40,168 103,764 3,494 0 0 70,021 0 217,447 Less than 1.0x 0 0 0 0 70,741 72,761 0 143,502 Total $ 292,455 $ 1,140,691 $ 780,341 $ 1,262,747 $ 362,213 $ 1,901,826 $ 0 $ 5,740,273 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 7,035 $ 71,353 $ 168,560 $ 131,883 $ 25,686 $ 40,265 $ 21,184 $ 465,966 60%-69.99% 0 38,302 56,210 0 0 0 14,815 109,327 70%-79.99% 0 0 0 0 0 0 0 0 80% or greater 0 0 0 0 0 0 0 0 Total $ 7,035 $ 109,655 $ 224,770 $ 131,883 $ 25,686 $ 40,265 $ 35,999 $ 575,293 Debt Service Coverage Ratio: Greater than 1.2x $ 6,035 $ 109,655 $ 222,770 $ 130,187 $ 23,912 $ 40,265 $ 35,999 $ 568,823 1.0 - 1.2x 1,000 0 2,000 0 1,774 0 0 4,774 Less than 1.0x 0 0 0 1,696 0 0 0 1,696 Total $ 7,035 $ 109,655 $ 224,770 $ 131,883 $ 25,686 $ 40,265 $ 35,999 $ 575,293 December 31, 2023 Amortized Cost by Origination Year 2023 2022 2021 2020 2019 Prior Total (in thousands) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 249,037 $ 245,914 $ 482,718 $ 109,249 $ 265,053 $ 1,068,763 $ 2,420,734 60%-69.99% 675,153 355,984 449,878 172,721 225,803 206,237 2,085,776 70%-79.99% 218,015 133,343 255,299 77,812 20,924 86,806 792,199 80% or greater 0 47,555 73,702 3,817 16,508 152,713 294,295 Total $ 1,142,205 $ 782,796 $ 1,261,597 $ 363,599 $ 528,288 $ 1,514,519 $ 5,593,004 Debt Service Coverage Ratio: Greater than 1.2x $ 1,038,315 $ 779,282 $ 1,261,597 $ 292,561 $ 497,407 $ 1,402,831 $ 5,271,993 1.0 - 1.2x 103,890 3,514 0 0 15,632 40,521 163,557 Less than 1.0x 0 0 0 71,038 15,249 71,167 157,454 Total $ 1,142,205 $ 782,796 $ 1,261,597 $ 363,599 $ 528,288 $ 1,514,519 $ 5,593,004 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 73,774 $ 179,375 $ 132,042 $ 25,875 $ 15,824 $ 25,771 $ 452,661 60%-69.99% 47,489 56,210 0 0 0 0 103,699 70%-79.99% 5,686 0 0 0 0 0 5,686 80% or greater 0 0 0 0 0 0 0 Total $ 126,949 $ 235,585 $ 132,042 $ 25,875 $ 15,824 $ 25,771 $ 562,046 Debt Service Coverage Ratio: Greater than 1.2x $ 126,949 $ 233,585 $ 130,353 $ 24,063 $ 15,824 $ 25,771 $ 556,545 1.0 - 1.2x 0 2,000 0 1,812 0 0 3,812 Less than 1.0x 0 0 1,689 0 0 0 1,689 Total $ 126,949 $ 235,585 $ 132,042 $ 25,875 $ 15,824 $ 25,771 $ 562,046 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, 2023 for additional information about the Company’s commercial mortgage and other loans credit quality monitoring process. The Company may grant loan modifications in its commercial mortgage and other loan portfolios to borrowers experiencing financial difficulties. These loan modifications may be in the form of principal forgiveness, interest rate reduction, other-than-insignificant payment delay, term extension or some combination thereof. During the three months ended March 31, 2024, a commercial mortgage loan with an amortized cost of $8 million was granted a term extension with a borrower experiencing financial difficulties. The modified loan represents less than 1% of the portfolio. This modification added less than one year to the weighted average life of loans in this portfolio. For the three months ended March 31, 2024, the Company did not have any commercial mortgage loans that were modified to borrowers experiencing financial difficulty that are not considered current. The Company did not have any commitments to lend additional funds to borrowers experiencing financial difficulty on modified loans as of March 31, 2024. 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, 2024 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 $ 5,732,181 $ 0 $ 0 $ 8,092 $ 5,740,273 $ 8,092 Agricultural property loans 571,799 1,301 0 2,193 575,293 3,494 Other collateralized loans 6,978 0 0 0 6,978 0 Total $ 6,310,958 $ 1,301 $ 0 $ 10,285 $ 6,322,544 $ 11,586 (1) As of March 31, 2024, 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, 2023. December 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 $ 5,593,004 $ 0 $ 0 $ 0 $ 5,593,004 $ 0 Agricultural property loans 562,046 0 0 0 562,046 1,301 Other collateralized loans 5,360 0 0 0 5,360 0 Total $ 6,160,410 $ 0 $ 0 $ 0 $ 6,160,410 $ 1,301 (1) As of December 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, 2023. Loans on non-accrual status did not recognize any interest income as of both March 31, 2024 and December 31, 2023. Loans on non-accrual status that did not have a related allowance for credit losses were $3 million and $0 million as of March 31, 2024 and December 31, 2023, respectively. For both the three months ended March 31, 2024 and 2023, 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, 2024 and December 31, 2023. Other Invested Assets The following table sets forth the composition of “Other invested assets,” as of the dates indicated: March 31, 2024 December 31, 2023 (in thousands) LPs/LLCs: Equity method: Private equity $ 336,276 $ 333,863 Hedge funds 808,887 720,360 Real estate-related 95,718 83,339 Subtotal equity method 1,240,881 1,137,562 Fair value: Private equity 48,495 48,483 Hedge funds 76 137 Real estate-related 17,278 18,687 Subtotal fair value 65,849 67,307 Total LPs/LLCs 1,306,730 1,204,869 Derivative instruments 30,769 17,718 Other (1) 454 398 Total other invested assets $ 1,337,953 $ 1,222,985 (1) Assets consist of investments in separate account funds. Accrued Investment Income The following table sets forth the composition of “Accrued investment income,” as of the dates indicated: March 31, 2024 December 31, 2023 (in thousands) Fixed maturities $ 290,554 $ 272,031 Equity securities 381 220 Commercial mortgage and other loans 22,246 21,070 Policy loans 40,818 35,210 Other invested assets 39 43 Short-term investments and cash equivalents 7,016 5,264 Total accrued investment income $ 361,054 $ 333,838 There were no significant write-downs on accrued investment income for both the three months ended March 31, 2024 and 2023. Net Investment Income The following table sets forth “Net investment income” by investment type, for the periods indicated: Three Months Ended March 31, 2024 2023 (in thousands) Fixed maturities, available-for-sale $ 338,809 $ 234,810 Fixed maturities, trading 31,669 17,874 Equity securities 3,747 2,777 Commercial mortgage and other loans 73,758 48,656 Policy loans 14,445 4,996 Other invested assets 23,320 26,099 Short-term investments and cash equivalents 46,315 31,176 Gross investment income 532,063 366,388 Less: investment expenses (26,743) (16,938) Net investment income $ 505,320 $ 349,450 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, 2024 2023 (in thousands) Fixed maturities(1) $ (6,837) $ (8,221) Commercial mortgage and other loans (5,781) (1,278) Other invested assets 15,511 5,627 Derivatives 20,454 (118,270) Short-term investments and cash equivalents (347) 1,463 Realized investment gains (losses), net $ 23,000 $ (120,679) (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, 2024 December 31, 2023 (in thousands) Fixed maturity securities, available-for-sale with an allowance $ 1,356 $ 1,987 Fixed maturity securities, available-for-sale without an allowance (1,789,662) (1,406,265) Derivatives designated as cash flow hedges(1) 39,113 11,934 Affiliated notes (8,033) (8,760) Other investments(2) (992) (1,089) Net unrealized gains (losses) on investments $ (1,758,218) $ (1,402,193) (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, 2024 and December 31, 2023, 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, 2024 December 31, 2023 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 $ 0 $ 0 $ 0 $ 486 $ 0 $ 486 U.S. public corporate securities 607 0 607 27,247 0 27,247 Foreign public corporate securities 3,091 0 3,091 13,101 0 13,101 Equity securities 0 0 0 177,476 0 177,476 Total cash collateral for loaned securities(1) $ 3,698 $ 0 $ 3,698 $ 218,310 $ 0 $ 218,310 (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, 2024
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 and synthetic guaranteed investment contracts (“GICs”) 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, 2023. 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, 2024 December 31, 2023 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 $ 3,019 $ 195 $ (516) $ 3,064 $ 0 $ (238) Foreign Currency Swaps 2,416,543 147,349 (46,895) 2,274,636 121,243 (54,044) Total Derivatives Designated as Hedge Accounting Instruments $ 2,419,562 $ 147,544 $ (47,411) $ 2,277,700 $ 121,243 $ (54,282) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 162,161,364 $ 7,808,155 $ (19,364,620) $ 163,179,764 $ 6,605,817 $ (17,820,436) Interest Rate Futures 744,500 0 0 1,332,600 3,055 (210) Interest Rate Options 29,568,000 203,431 (1,127,097) 29,738,000 189,112 (969,718) Interest Rate Forwards 1,458,000 34,869 (37,349) 1,458,000 741 (3,196) Foreign Currency Foreign Currency Forwards 807,186 4,853 (205) 744,576 1,772 (12,232) Credit Credit Default Swaps 615,500 11,100 0 643,280 7,727 0 Currency/Interest Rate Foreign Currency Swaps 2,311,489 116,038 (12,045) 2,237,331 96,618 (31,294) Equity Total Return Swaps 14,533,800 575,429 (807,207) 15,049,993 418,084 (803,452) Equity Options 60,275,790 3,123,188 (2,062,542) 49,247,510 1,600,335 (1,552,706) Equity Futures 341,590 0 0 418,973 1,232 (500) Synthetic GICs 1,155,520 1 (208) 311,302 1 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments $ 273,972,739 $ 11,877,064 $ (23,411,273) $ 264,361,329 $ 8,924,494 $ (21,193,744) Total Derivatives(1)(2) $ 276,392,301 $ 12,024,608 $ (23,458,684) $ 266,639,029 $ 9,045,737 $ (21,248,026) (1) Excludes embedded derivatives which contain multiple underlying risks. The fair value of these embedded derivatives was a net liability of $9,370 million and $7,402 million as of March 31, 2024 and December 31, 2023, respectively, primarily included in "Policyholders' account balances". (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, 2024 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 12,024,588 $ (11,993,839) $ 30,749 $ 0 $ 30,749 Securities purchased under agreements to resell 0 0 0 0 0 Total Assets $ 12,024,588 $ (11,993,839) $ 30,749 $ 0 $ 30,749 Offsetting of Financial Liabilities: Derivatives $ 23,458,684 $ (20,971,250) $ 2,487,434 $ (2,487,434) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 23,458,684 $ (20,971,250) $ 2,487,434 $ (2,487,434) $ 0 December 31, 2023 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 9,045,718 $ (9,028,019) $ 17,699 $ 0 $ 17,699 Securities purchased under agreements to resell 25,000 0 25,000 0 25,000 Total Assets $ 9,070,718 $ (9,028,019) $ 42,699 $ 0 $ 42,699 Offsetting of Financial Liabilities: Derivatives $ 21,248,026 $ (18,596,679) $ 2,651,347 $ (2,651,347) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 21,248,026 $ (18,596,679) $ 2,651,347 $ (2,651,347) $ 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, 2023. 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, 2024 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 $ (63) $ 0 $ 11 Currency/Interest Rate (108) 0 10,728 12,346 27,168 Total cash flow hedges (107) 0 10,665 12,346 27,179 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 44,472 (855,925) 0 0 0 Currency 13,121 0 0 0 0 Currency/Interest Rate 31,976 0 0 183 0 Credit 7,886 0 0 0 0 Equity 1,426,177 (430,868) 0 0 0 Embedded Derivatives (1,503,071) 0 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments 20,561 (1,286,793) 0 183 0 Total $ 20,454 $ (1,286,793) $ 10,665 $ 12,529 $ 27,179 Three Months Ended March 31, 2023 Realized Investment Gains (Losses) 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) Presented below is a rollforward of current period cash flow hedges in AOCI before taxes: (in thousands) Balance, December 31, 2023 $ 11,934 Amount recorded in AOCI Interest Rate (51) Currency/Interest Rate 50,134 Total amount recorded in AOCI 50,083 Amount reclassified from AOCI to income Interest Rate 62 Currency/Interest Rate (22,966) Total amount reclassified from AOCI to income (22,904) Balance, March 31, 2024 $ 39,113 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, 2024 values, it is estimated that a pre-tax gain of $22 million is expected to be reclassified from AOCI to earnings during the subsequent twelve months ending March 31, 2025. 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 $616 million and $643 million as of March 31, 2024 and December 31, 2023, respectively. These credit derivatives are reported at fair value as an asset of $11 million and $8 million as of March 31, 2024 and December 31, 2023, respectively. As of March 31, 2024 the notional amount of these credit derivatives had the following NAIC rating: $522 million in NAIC 3 and $94 million in NAIC 6. The Company has no exposure on purchased credit protection as of March 31, 2024 and December 31, 2023. 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, 2024
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs, Deferred Reinsurance Losses, Deferred Reinsurance Gains And Deferred Sales Inducements	3 Months Ended
	Mar. 31, 2024
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 ("DAC") 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: Three Months Ended March 31, 2024 Fixed Annuities Variable Annuities Term Life Variable / Universal Life Total (in thousands) Balance, beginning of period $ 197,937 $ 3,257,761 $ 743,888 $ 2,897,925 $ 7,097,511 Capitalization 64,744 78,335 43,874 144,813 331,766 Amortization expense (8,725) (84,320) (18,180) (34,581) (145,806) Other(1) 0 0 0 (38,017) (38,017) Balance, end of period $ 253,956 $ 3,251,776 $ 769,582 $ 2,970,140 $ 7,245,454 (1) Other includes the impact of the Universal Life reinsurance transaction with Prudential Arizona Reinsurance Universal Company (“PAR U”) and PURE. See Note 11 for additional information. Three Months Ended 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 Deferred Reinsurance Losses ("DRL") 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: Three Months Ended March 31, 2024 Variable Annuities Term Life Total (in thousands) Balance, beginning of period $ 194,110 $ 61,003 $ 255,113 Amortization expense (7,040) (1,971) (9,011) Other 1 0 1 Balance, end of period $ 187,071 $ 59,032 $ 246,103 Three Months Ended 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 Deferred Reinsurance Gains ("DRG") 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: Three Months Ended March 31, 2024 Fixed Annuities Variable Annuities Variable / Universal Life Total (in thousands) Balance, beginning of period $ 48,073 $ 261,721 $ 1,363,496 $ 1,673,290 Amortization (2,688) (5,056) (30,644) (38,388) Other(1) (9) (40) 1,099,832 1,099,783 Balance, end of period $ 45,376 $ 256,625 $ 2,432,684 $ 2,734,685 (1) Other includes the impact of the Universal Life reinsurance transaction with PAR U, PURE and Prudential Insurance, including $1,216 million of DRG, partially offset by a $116 million write-off. See Note 11 for additional information. Three Months Ended March 31, 2023 Fixed Annuities Variable Annuities Variable / Universal Life Total (in thousands) Balance, beginning of period $ 57,898 $ 0 $ 1,434,958 $ 1,492,856 Amortization (1,622) 0 (18,096) (19,718) Balance, end of period $ 56,276 $ 0 $ 1,416,862 $ 1,473,138 Deferred Sales Inducements ("DSI") 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: Three Months Ended March 31, 2024 2023 Variable Annuities (in thousands) Balance, beginning of period $ 351,424 $ 381,504 Capitalization 1,253 1,540 Amortization expense (7,784) (8,218) Balance, end of period $ 344,893 $ 374,826

Separate Accounts

Separate Accounts	3 Months Ended
	Mar. 31, 2024
Insurance [Abstract]
Separate Accounts	SEPARATE ACCOUNTS The Company issues variable annuity and variable life insurance 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 variable annuity and variable life insurance contracts are offered with both separate and general account options . See Note 9 for additional information. The assets supporting the variable portion of variable annuity and variable life insurance 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, 2024 December 31, 2023 (in thousands) Asset Type: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 3,226 $ 2,954 U.S. corporate securities 8,510 9,504 Foreign corporate securities 1,857 1,763 Asset-backed securities 950 0 Mortgage-backed securities 180 186 Mutual funds: Equity 76,205,304 72,614,821 Fixed Income 35,761,710 37,065,162 Other 4,275,354 4,101,661 Equity securities 114,738 104,159 Other invested assets 5,496,400 5,258,900 Short-term investments 2,367 2,126 Cash and cash equivalents 24,427 27,249 Total $ 121,895,023 $ 119,188,485 For the three months ended March 31, 2024 and year ended December 31, 2023, 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 as of and for the periods indicated are as follows: Three Months Ended March 31, 2024 Variable Annuities Variable Life Total (in thousands) Balance, beginning of period $ 92,383,121 $ 26,805,364 $ 119,188,485 Deposits 149,538 697,390 846,928 Investment performance 4,150,157 2,023,976 6,174,133 Policy charges (557,722) (220,783) (778,505) Surrenders and withdrawals (3,293,055) (116,910) (3,409,965) Benefit payments (15,282) (73,731) (89,013) Net transfers (to) from general account 6,723 (84,803) (78,080) Other 877 40,163 41,040 Balance, end of period $ 92,824,357 $ 29,070,666 $ 121,895,023 Cash surrender value(1) $ 91,713,815 $ 25,802,599 $ 117,516,414 Three Months Ended 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) 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, 2024
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 ("DPL"); and • Additional Insurance Reserves ("AIR") 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. Three Months Ended March 31, 2024 Present Value of Expected Net Premiums Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 10,927,833 $ 0 $ 10,927,833 Effect of cumulative changes in discount rate assumptions, beginning of period 225,711 0 225,711 Balance at original discount rate, beginning of period 11,153,544 0 11,153,544 Effect of actual variances from expected experience and other activity (54,196) (290) (54,486) Adjusted balance, beginning of period 11,099,348 (290) 11,099,058 Issuances 192,492 8,595 201,087 Net premiums / considerations collected (329,743) (8,305) (338,048) Interest accrual 129,053 0 129,053 Other adjustments (78) 0 (78) Balance at original discount rate, end of period 11,091,072 0 11,091,072 Effect of cumulative changes in discount rate assumptions, end of period (434,791) 0 (434,791) Balance, end of period $ 10,656,281 $ 0 $ 10,656,281 Three Months Ended March 31, 2024 Present Value of Expected Future Policy Benefits Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 18,426,207 $ 228,788 $ 18,654,995 Effect of cumulative changes in discount rate assumptions, beginning of period 331,571 19,521 351,092 Balance at original discount rate, beginning of period 18,757,778 248,309 19,006,087 Effect of actual variances from expected experience and other activity (65,431) (369) (65,800) Adjusted balance, beginning of period 18,692,347 247,940 18,940,287 Issuances 192,492 8,595 201,087 Interest accrual 223,989 2,204 226,193 Benefit payments (368,247) (7,544) (375,791) Other adjustments (23) (34) (57) Balance at original discount rate, end of period 18,740,558 251,161 18,991,719 Effect of cumulative changes in discount rate assumptions, end of period (742,789) (23,464) (766,253) Balance, end of period $ 17,997,769 $ 227,697 $ 18,225,466 Other, end of period 1,675 Total balance, end of period $ 18,227,141 Three Months Ended March 31, 2024 Net Liability for Future Policy Benefits Term Life Fixed Annuities Total (in thousands) Balance, end of period, pre-flooring $ 7,341,488 $ 227,697 $ 7,569,185 Flooring impact, end of period 44 0 44 Balance, end of period, post-flooring 7,341,532 227,697 7,569,229 Less: Reinsurance recoverables 6,650,332 18,428 6,668,760 Balance after reinsurance recoverables, end of period, post-flooring $ 691,200 $ 209,269 $ 900,469 Three Months Ended 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 Three Months Ended 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 and other activity (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 Three Months Ended 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 recoverables 6,719,094 17,336 6,736,430 Balance after reinsurance recoverables, end of period, post-flooring $ 493,628 $ 198,146 $ 691,774 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: Three Months Ended March 31, 2024 Term Life Fixed Annuities ($ in thousands) Undiscounted expected future gross premiums $ 21,812,112 $ 0 Discounted expected future gross premiums (at original discount rate) $ 14,968,218 $ 0 Discounted expected future gross premiums (at current discount rate) $ 14,408,614 $ 0 Undiscounted expected future benefits and expenses $ 29,069,972 $ 336,830 Interest accrual $ 94,935 $ 2,204 Gross premiums $ 446,853 $ 8,572 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) 5.16 % 3.76 % Weighted-average interest rate (at current discount rate) 5.29 % 5.26 % Three Months Ended 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 % For additional information regarding observable market information and the techniques used to determine the interest rate assumptions seen above, see Note 2 to the Company's Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2023. 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, respectively. In the first three months of 2024, there was an immaterial impact to net income for non-participating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts. In the first three months of 2023, there was a $24 million gain in net income for non-participating 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. Deferred Profit Liability The balances of and changes in DPL as of and for the periods indicated are as follows: Three Months Ended March 31, 2024 2023 Fixed Annuities (in thousands) Balance, beginning of period, post-flooring $ 14,818 $ 18,193 Effect of actual variances from expected experience and other activity 330 (951) Adjusted balance, beginning of period 15,148 17,242 Profits deferred 216 1,856 Interest accrual 133 182 Amortization (456) (541) Other adjustments (3) (8) Balance, end of period, post-flooring 15,038 18,731 Less: Reinsurance recoverables 1,576 1,545 Balance after reinsurance recoverables, end of period $ 13,462 $ 17,186 The following table provides supplemental information related to the balances of and changes in DPL, included in the disaggregated table above, on a gross (direct and assumed) basis, as of and for the period indicated: Three Months Ended March 31, 2024 2023 Fixed Annuities (in thousands) Revenue(1) $ (221) $ (539) Interest accrual 133 182 (1) Represents the gross premiums collected in changes in DPL. Additional Insurance Reserves AIR represents the additional liability for annuitization, death, or other insurance benefits, including guaranteed minimum death benefits ("GMDB") and guaranteed minimum income benefits ("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: Three Months Ended March 31, 2024 2023 (in thousands) Balance, including amounts in AOCI, beginning of period, post-flooring $ 14,280,793 $ 12,664,445 Flooring impact and amounts in AOCI 831,583 1,269,237 Balance, excluding amounts in AOCI, beginning of period, pre-flooring 15,112,376 13,933,682 Effect of actual variances from expected experience and other activity 191,103 (32,188) Adjusted balance, beginning of period 15,303,479 13,901,494 Assessments collected(1) 297,419 267,869 Interest accrual 128,241 117,307 Benefits paid (68,233) (71,551) Balance, excluding amounts in AOCI, end of period, pre-flooring 15,660,906 14,215,119 Flooring impact and amounts in AOCI (1,014,852) (962,417) Balance, including amounts in AOCI, end of period, post-flooring 14,646,054 13,252,702 Less: Reinsurance recoverables 14,466,067 13,029,847 Balance after reinsurance recoverables, including amounts in AOCI, end of period $ 179,987 $ 222,855 (1) Represents the portion of gross assessments required to fund the future policy benefits. Three Months Ended March 31, 2024 2023 ($ in thousands) Interest accrual $ 128,241 $ 117,307 Gross assessments $ 419,396 $ 427,489 Weighted-average duration of the liability in years (at original discount rate) 22 22 Weighted-average interest rate (at original discount rate) 3.39 % 3.38 % Future Policy Benefits Reconciliation The following table presents the reconciliation of the ending balances from the above rollforwards, Benefit Reserves, DPL, and AIR, 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: Three Months Ended March 31, 2024 2023 (in thousands) Benefit reserves, end of period, post-flooring $ 7,569,229 $ 7,428,204 Deferred profit liability, end of period, post-flooring 15,038 18,731 Additional insurance reserves, including amounts in AOCI, end of period, post-flooring 14,646,054 13,252,702 Subtotal of amounts disclosed above 22,230,321 20,699,637 Other Future policy benefits reserves(1) 1,181,796 1,059,906 Total Future policy benefits $ 23,412,117 $ 21,759,543 (1) Primarily 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, DPL, and AIR, 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: Three Months Ended March 31, 2024 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 446,853 $ 0 $ 8,572 $ 455,425 Deferred profit liability 0 0 (221) (221) Additional insurance reserves 0 419,396 0 419,396 Total $ 446,853 $ 419,396 $ 8,351 $ 874,600 Three Months Ended March 31, 2023 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 449,968 $ 0 $ 10,891 $ 460,859 Deferred profit liability 0 0 (539) (539) Additional insurance reserves 0 427,489 0 427,489 Total $ 449,968 $ 427,489 $ 10,352 $ 887,809 (1) Represents "Gross premiums" for benefit reserves; "Revenue" for DPL and "Gross assessments" for AIR. Three Months Ended March 31, 2024 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 94,935 $ 0 $ 2,204 $ 97,139 Deferred profit liability 0 0 133 133 Additional insurance reserves 0 128,241 0 128,241 Total $ 94,935 $ 128,241 $ 2,337 $ 225,513 Three Months Ended March 31, 2023 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 92,508 $ 0 $ 2,137 $ 94,645 Deferred profit liability 0 0 182 182 Additional insurance reserves 0 117,307 0 117,307 Total $ 92,508 $ 117,307 $ 2,319 $ 212,134 Policyholders' Account Balances The balances of and changes in policyholders' account balances as of and for the periods ended are as follows: Three Months Ended March 31, 2024 Fixed Annuities Variable Annuities Variable Life / Universal Life Total ($ in thousands) Balance, beginning of period $ 6,164,313 $ 22,836,765 $ 20,167,713 $ 49,168,791 Deposits 1,553,852 1,624,956 529,212 3,708,020 Interest credited 43,517 98,143 138,059 279,719 Policy charges 2,208 (3,702) (455,538) (457,032) Surrenders and withdrawals (103,696) (179,988) (199,907) (483,591) Benefit payments (12,879) (4,926) (17,856) (35,661) Net transfers (to) from separate account 0 (6,723) 84,803 78,080 Change in market value and other adjustments(1) 88,291 1,368,024 37,169 1,493,484 Balance, end of period 7,735,606 25,732,549 20,283,655 53,751,810 Unearned revenue reserve 3,908,497 Other 103,851 Total Policyholders' account balance $ 57,764,158 Weighted-average crediting rate 2.50 % 1.62 % 2.73 % 2.17 % Net amount at risk(2) $ 18 $ 0 $ 327,231,561 $ 327,231,579 Cash surrender value(3) $ 6,674,346 $ 23,282,269 $ 18,899,950 $ 48,856,565 Three Months Ended March 31, 2023 Fixed Annuities(4) Variable Annuities Variable Life / Universal Life Total ($ in thousands) Balance, beginning of period $ 3,575,824 $ 16,432,032 $ 18,736,365 $ 38,744,221 Deposits 564,236 948,987 530,381 2,043,604 Interest credited 11,996 78,629 141,753 232,378 Policy charges (118) (5,729) (451,990) (457,837) Surrenders and withdrawals (43,158) (113,424) (216,334) (372,916) Benefit payments (10,215) (10,624) (24,771) (45,610) Net transfers (to) from separate account 0 10,253 24,911 35,164 Change in market value and other adjustments(1) 9,343 191,448 84,425 285,216 Balance, end of period 4,107,908 17,531,572 18,824,740 40,464,220 Unearned revenue reserve 3,234,755 Other(4) 100,146 Total Policyholders' account balance $ 43,799,121 Weighted-average crediting rate 1.25 % 1.85 % 3.02 % 2.35 % Net amount at risk(2) $ 7 $ 0 $ 308,975,503 $ 308,975,510 Cash surrender value(3) $ 3,459,140 $ 15,338,366 $ 17,242,003 $ 36,039,509 (1) Primarily relates to changes in the value of embedded derivative instruments associated with the indexed options of certain products. (2) The net amount at risk calculation includes both general and separate account balances. (3) Represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. (4) Prior period amounts have been updated to conform to current period presentation. The Company issues variable life and universal life insurance contracts which may also include a “no-lapse guarantee” where the Company contractually guarantees to the contractholder a death benefit even when the account value drops to zero, as long as the “no-lapse guarantee” premium is paid. The net amount at risk is generally defined as the current 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 contractholder mortality, contract lapses, and premium pattern, as well as interest rate and equity market returns. The Company also issues annuity contracts that provide certain death benefit and/or living benefit guarantees and are accounted for as MRBs. See Note 10 for additional information, including the net amount at risk associated with these guarantees. 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, 2024 Range of Guaranteed Minimum Crediting Rate (1) 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) Fixed Annuities Less than 1.00% $ 285 $ 1,923 $ 6,312 $ 621,391 $ 629,911 1.00% - 1.99% 473,330 72,870 217,461 80,120 843,781 2.00% - 2.99% 300,163 465,693 564,226 15,919 1,346,001 3.00% - 4.00% 324,553 1,941 2,156 241 328,891 Greater than 4.00% 0 0 0 0 0 Total $ 1,098,331 $ 542,427 $ 790,155 $ 717,671 $ 3,148,584 Variable Annuities Less than 1.00% $ 865,767 $ 727,194 $ 69,871 $ 195 $ 1,663,027 1.00% - 1.99% 216,457 23,819 924 0 241,200 2.00% - 2.99% 20,916 4,192 4,174 0 29,282 3.00% - 4.00% 878,815 6,926 0 0 885,741 Greater than 4.00% 2,066 0 0 0 2,066 Total $ 1,984,021 $ 762,131 $ 74,969 $ 195 $ 2,821,316 Variable Life / Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 184,308 $ 184,308 1.00% - 1.99% 226,470 0 1,661,933 1,514,100 3,402,503 2.00% - 2.99% 29,823 1,462,438 2,854,281 201,794 4,548,336 3.00% - 4.00% 3,904,574 2,376,925 918,116 0 7,199,615 Greater than 4.00% 2,127,526 0 0 0 2,127,526 Total $ 6,288,393 $ 3,839,363 $ 5,434,330 $ 1,900,202 $ 17,462,288 March 31, 2023 Range of Guaranteed Minimum Crediting Rate (1) 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) Fixed Annuities(2) Less than 1.00% $ 0 $ 23 $ 27 $ 0 $ 50 1.00% - 1.99% 515,521 74,533 251,361 84,016 925,431 2.00% - 2.99% 235,746 210,897 26,904 10,805 484,352 3.00% - 4.00% 36,010 0 0 0 36,010 Greater than 4.00% 0 0 0 0 0 Total $ 787,277 $ 285,453 $ 278,292 $ 94,821 $ 1,445,843 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 Life / 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 (1) Excludes contracts without minimum guaranteed crediting rates, such as funds with indexed-linked crediting options. (2) Prior period amounts have been updated to conform to current period presentation. Unearned Revenue Reserve ("URR") The balances of and changes in URR as of and for the periods ended are as follows: Three Months Ended March 31, 2024 2023 Variable Life / Universal Life (in thousands) Balance, beginning of period $ 3,741,426 $ 3,067,335 Unearned revenue 211,542 200,262 Amortization expense (44,470) (32,752) Other adjustments (1) (90) Balance, end of period $ 3,908,497 $ 3,234,755 Less: Reinsurance recoverables 1,762,417 1,583,054 Balance after reinsurance recoverables, end of period $ 2,146,080 $ 1,651,701 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: Three Months Ended March 31, 2024 Variable Annuities Less: Reinsured Market Risk Benefits Total, Net of Reinsurance (in thousands) Balance, beginning of period $ 3,694,950 $ (917,792) $ 2,777,158 Effect of cumulative changes in non-performance risk 1,068,035 0 1,068,035 Balance, beginning of period, before effect of changes in 4,762,985 (917,792) 3,845,193 Attributed fees collected 281,171 (66,967) 214,204 Claims paid (16,417) 1,511 (14,906) Interest accrual 68,360 (15,642) 52,718 Actual in force different from expected 2,495 (4,539) (2,044) Effect of changes in interest rates (832,834) 180,022 (652,812) Effect of changes in equity markets (846,759) 87,042 (759,717) Issuances 12,766 (619) 12,147 Other adjustments 13,017 (603) 12,414 Effect of changes in current period counterparty non-performance risk 0 (26,662) (26,662) Balance, end of period, before effect of changes in non-performance risk 3,444,784 (764,249) 2,680,535 Effect of cumulative changes in non-performance risk (829,061) 0 (829,061) Balance, end of period $ 2,615,723 $ (764,249) $ 1,851,474 Three Months Ended 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 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) Other adjustments 77,790 0 77,790 Effect of changes in current period counterparty non-performance risk 0 18,297 18,297 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 The Company issues certain variable annuity insurance contracts where the Company 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 anniversary 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 Company also issues indexed variable annuity contracts for which the return is tied to the return of specific indices 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 upon death. In certain of these indexed variable annuity contracts, the Company also contractually guarantees to the contractholder withdrawal benefits payable during specific periods. For 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 following table presents accompanying information to the rollforward table above. March 31, 2024 March 31, 2023 Variable Annuities ($ in thousands) Net amount at risk(1) $ 8,350,431 $ 10,414,717 Weighted-average attained age of contractholders 70 69 (1) For contracts with multiple benefit features, the highest net amount at risk for each contract is included. The table below reconciles MRB asset and liability positions as of the following dates: March 31, 2024 March 31, 2023 Variable Annuities (in thousands) Direct and assumed $ 1,472,957 $ 880,131 Ceded 1,063,886 547,357 Total market risk benefit assets $ 2,536,843 $ 1,427,488 Direct and assumed $ 4,088,679 $ 5,498,342 Ceded 299,638 123,339 Total market risk benefit liabilities $ 4,388,317 $ 5,621,681 Net liability $ 1,851,474 $ 4,194,193

Policyholders' Liabilities

Policyholders' Liabilities	3 Months Ended
	Mar. 31, 2024
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 ("DPL"); and • Additional Insurance Reserves ("AIR") 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. Three Months Ended March 31, 2024 Present Value of Expected Net Premiums Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 10,927,833 $ 0 $ 10,927,833 Effect of cumulative changes in discount rate assumptions, beginning of period 225,711 0 225,711 Balance at original discount rate, beginning of period 11,153,544 0 11,153,544 Effect of actual variances from expected experience and other activity (54,196) (290) (54,486) Adjusted balance, beginning of period 11,099,348 (290) 11,099,058 Issuances 192,492 8,595 201,087 Net premiums / considerations collected (329,743) (8,305) (338,048) Interest accrual 129,053 0 129,053 Other adjustments (78) 0 (78) Balance at original discount rate, end of period 11,091,072 0 11,091,072 Effect of cumulative changes in discount rate assumptions, end of period (434,791) 0 (434,791) Balance, end of period $ 10,656,281 $ 0 $ 10,656,281 Three Months Ended March 31, 2024 Present Value of Expected Future Policy Benefits Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 18,426,207 $ 228,788 $ 18,654,995 Effect of cumulative changes in discount rate assumptions, beginning of period 331,571 19,521 351,092 Balance at original discount rate, beginning of period 18,757,778 248,309 19,006,087 Effect of actual variances from expected experience and other activity (65,431) (369) (65,800) Adjusted balance, beginning of period 18,692,347 247,940 18,940,287 Issuances 192,492 8,595 201,087 Interest accrual 223,989 2,204 226,193 Benefit payments (368,247) (7,544) (375,791) Other adjustments (23) (34) (57) Balance at original discount rate, end of period 18,740,558 251,161 18,991,719 Effect of cumulative changes in discount rate assumptions, end of period (742,789) (23,464) (766,253) Balance, end of period $ 17,997,769 $ 227,697 $ 18,225,466 Other, end of period 1,675 Total balance, end of period $ 18,227,141 Three Months Ended March 31, 2024 Net Liability for Future Policy Benefits Term Life Fixed Annuities Total (in thousands) Balance, end of period, pre-flooring $ 7,341,488 $ 227,697 $ 7,569,185 Flooring impact, end of period 44 0 44 Balance, end of period, post-flooring 7,341,532 227,697 7,569,229 Less: Reinsurance recoverables 6,650,332 18,428 6,668,760 Balance after reinsurance recoverables, end of period, post-flooring $ 691,200 $ 209,269 $ 900,469 Three Months Ended 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 Three Months Ended 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 and other activity (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 Three Months Ended 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 recoverables 6,719,094 17,336 6,736,430 Balance after reinsurance recoverables, end of period, post-flooring $ 493,628 $ 198,146 $ 691,774 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: Three Months Ended March 31, 2024 Term Life Fixed Annuities ($ in thousands) Undiscounted expected future gross premiums $ 21,812,112 $ 0 Discounted expected future gross premiums (at original discount rate) $ 14,968,218 $ 0 Discounted expected future gross premiums (at current discount rate) $ 14,408,614 $ 0 Undiscounted expected future benefits and expenses $ 29,069,972 $ 336,830 Interest accrual $ 94,935 $ 2,204 Gross premiums $ 446,853 $ 8,572 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) 5.16 % 3.76 % Weighted-average interest rate (at current discount rate) 5.29 % 5.26 % Three Months Ended 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 % For additional information regarding observable market information and the techniques used to determine the interest rate assumptions seen above, see Note 2 to the Company's Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2023. 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, respectively. In the first three months of 2024, there was an immaterial impact to net income for non-participating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts. In the first three months of 2023, there was a $24 million gain in net income for non-participating 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. Deferred Profit Liability The balances of and changes in DPL as of and for the periods indicated are as follows: Three Months Ended March 31, 2024 2023 Fixed Annuities (in thousands) Balance, beginning of period, post-flooring $ 14,818 $ 18,193 Effect of actual variances from expected experience and other activity 330 (951) Adjusted balance, beginning of period 15,148 17,242 Profits deferred 216 1,856 Interest accrual 133 182 Amortization (456) (541) Other adjustments (3) (8) Balance, end of period, post-flooring 15,038 18,731 Less: Reinsurance recoverables 1,576 1,545 Balance after reinsurance recoverables, end of period $ 13,462 $ 17,186 The following table provides supplemental information related to the balances of and changes in DPL, included in the disaggregated table above, on a gross (direct and assumed) basis, as of and for the period indicated: Three Months Ended March 31, 2024 2023 Fixed Annuities (in thousands) Revenue(1) $ (221) $ (539) Interest accrual 133 182 (1) Represents the gross premiums collected in changes in DPL. Additional Insurance Reserves AIR represents the additional liability for annuitization, death, or other insurance benefits, including guaranteed minimum death benefits ("GMDB") and guaranteed minimum income benefits ("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: Three Months Ended March 31, 2024 2023 (in thousands) Balance, including amounts in AOCI, beginning of period, post-flooring $ 14,280,793 $ 12,664,445 Flooring impact and amounts in AOCI 831,583 1,269,237 Balance, excluding amounts in AOCI, beginning of period, pre-flooring 15,112,376 13,933,682 Effect of actual variances from expected experience and other activity 191,103 (32,188) Adjusted balance, beginning of period 15,303,479 13,901,494 Assessments collected(1) 297,419 267,869 Interest accrual 128,241 117,307 Benefits paid (68,233) (71,551) Balance, excluding amounts in AOCI, end of period, pre-flooring 15,660,906 14,215,119 Flooring impact and amounts in AOCI (1,014,852) (962,417) Balance, including amounts in AOCI, end of period, post-flooring 14,646,054 13,252,702 Less: Reinsurance recoverables 14,466,067 13,029,847 Balance after reinsurance recoverables, including amounts in AOCI, end of period $ 179,987 $ 222,855 (1) Represents the portion of gross assessments required to fund the future policy benefits. Three Months Ended March 31, 2024 2023 ($ in thousands) Interest accrual $ 128,241 $ 117,307 Gross assessments $ 419,396 $ 427,489 Weighted-average duration of the liability in years (at original discount rate) 22 22 Weighted-average interest rate (at original discount rate) 3.39 % 3.38 % Future Policy Benefits Reconciliation The following table presents the reconciliation of the ending balances from the above rollforwards, Benefit Reserves, DPL, and AIR, 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: Three Months Ended March 31, 2024 2023 (in thousands) Benefit reserves, end of period, post-flooring $ 7,569,229 $ 7,428,204 Deferred profit liability, end of period, post-flooring 15,038 18,731 Additional insurance reserves, including amounts in AOCI, end of period, post-flooring 14,646,054 13,252,702 Subtotal of amounts disclosed above 22,230,321 20,699,637 Other Future policy benefits reserves(1) 1,181,796 1,059,906 Total Future policy benefits $ 23,412,117 $ 21,759,543 (1) Primarily 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, DPL, and AIR, 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: Three Months Ended March 31, 2024 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 446,853 $ 0 $ 8,572 $ 455,425 Deferred profit liability 0 0 (221) (221) Additional insurance reserves 0 419,396 0 419,396 Total $ 446,853 $ 419,396 $ 8,351 $ 874,600 Three Months Ended March 31, 2023 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 449,968 $ 0 $ 10,891 $ 460,859 Deferred profit liability 0 0 (539) (539) Additional insurance reserves 0 427,489 0 427,489 Total $ 449,968 $ 427,489 $ 10,352 $ 887,809 (1) Represents "Gross premiums" for benefit reserves; "Revenue" for DPL and "Gross assessments" for AIR. Three Months Ended March 31, 2024 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 94,935 $ 0 $ 2,204 $ 97,139 Deferred profit liability 0 0 133 133 Additional insurance reserves 0 128,241 0 128,241 Total $ 94,935 $ 128,241 $ 2,337 $ 225,513 Three Months Ended March 31, 2023 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 92,508 $ 0 $ 2,137 $ 94,645 Deferred profit liability 0 0 182 182 Additional insurance reserves 0 117,307 0 117,307 Total $ 92,508 $ 117,307 $ 2,319 $ 212,134 Policyholders' Account Balances The balances of and changes in policyholders' account balances as of and for the periods ended are as follows: Three Months Ended March 31, 2024 Fixed Annuities Variable Annuities Variable Life / Universal Life Total ($ in thousands) Balance, beginning of period $ 6,164,313 $ 22,836,765 $ 20,167,713 $ 49,168,791 Deposits 1,553,852 1,624,956 529,212 3,708,020 Interest credited 43,517 98,143 138,059 279,719 Policy charges 2,208 (3,702) (455,538) (457,032) Surrenders and withdrawals (103,696) (179,988) (199,907) (483,591) Benefit payments (12,879) (4,926) (17,856) (35,661) Net transfers (to) from separate account 0 (6,723) 84,803 78,080 Change in market value and other adjustments(1) 88,291 1,368,024 37,169 1,493,484 Balance, end of period 7,735,606 25,732,549 20,283,655 53,751,810 Unearned revenue reserve 3,908,497 Other 103,851 Total Policyholders' account balance $ 57,764,158 Weighted-average crediting rate 2.50 % 1.62 % 2.73 % 2.17 % Net amount at risk(2) $ 18 $ 0 $ 327,231,561 $ 327,231,579 Cash surrender value(3) $ 6,674,346 $ 23,282,269 $ 18,899,950 $ 48,856,565 Three Months Ended March 31, 2023 Fixed Annuities(4) Variable Annuities Variable Life / Universal Life Total ($ in thousands) Balance, beginning of period $ 3,575,824 $ 16,432,032 $ 18,736,365 $ 38,744,221 Deposits 564,236 948,987 530,381 2,043,604 Interest credited 11,996 78,629 141,753 232,378 Policy charges (118) (5,729) (451,990) (457,837) Surrenders and withdrawals (43,158) (113,424) (216,334) (372,916) Benefit payments (10,215) (10,624) (24,771) (45,610) Net transfers (to) from separate account 0 10,253 24,911 35,164 Change in market value and other adjustments(1) 9,343 191,448 84,425 285,216 Balance, end of period 4,107,908 17,531,572 18,824,740 40,464,220 Unearned revenue reserve 3,234,755 Other(4) 100,146 Total Policyholders' account balance $ 43,799,121 Weighted-average crediting rate 1.25 % 1.85 % 3.02 % 2.35 % Net amount at risk(2) $ 7 $ 0 $ 308,975,503 $ 308,975,510 Cash surrender value(3) $ 3,459,140 $ 15,338,366 $ 17,242,003 $ 36,039,509 (1) Primarily relates to changes in the value of embedded derivative instruments associated with the indexed options of certain products. (2) The net amount at risk calculation includes both general and separate account balances. (3) Represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. (4) Prior period amounts have been updated to conform to current period presentation. The Company issues variable life and universal life insurance contracts which may also include a “no-lapse guarantee” where the Company contractually guarantees to the contractholder a death benefit even when the account value drops to zero, as long as the “no-lapse guarantee” premium is paid. The net amount at risk is generally defined as the current 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 contractholder mortality, contract lapses, and premium pattern, as well as interest rate and equity market returns. The Company also issues annuity contracts that provide certain death benefit and/or living benefit guarantees and are accounted for as MRBs. See Note 10 for additional information, including the net amount at risk associated with these guarantees. 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, 2024 Range of Guaranteed Minimum Crediting Rate (1) 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) Fixed Annuities Less than 1.00% $ 285 $ 1,923 $ 6,312 $ 621,391 $ 629,911 1.00% - 1.99% 473,330 72,870 217,461 80,120 843,781 2.00% - 2.99% 300,163 465,693 564,226 15,919 1,346,001 3.00% - 4.00% 324,553 1,941 2,156 241 328,891 Greater than 4.00% 0 0 0 0 0 Total $ 1,098,331 $ 542,427 $ 790,155 $ 717,671 $ 3,148,584 Variable Annuities Less than 1.00% $ 865,767 $ 727,194 $ 69,871 $ 195 $ 1,663,027 1.00% - 1.99% 216,457 23,819 924 0 241,200 2.00% - 2.99% 20,916 4,192 4,174 0 29,282 3.00% - 4.00% 878,815 6,926 0 0 885,741 Greater than 4.00% 2,066 0 0 0 2,066 Total $ 1,984,021 $ 762,131 $ 74,969 $ 195 $ 2,821,316 Variable Life / Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 184,308 $ 184,308 1.00% - 1.99% 226,470 0 1,661,933 1,514,100 3,402,503 2.00% - 2.99% 29,823 1,462,438 2,854,281 201,794 4,548,336 3.00% - 4.00% 3,904,574 2,376,925 918,116 0 7,199,615 Greater than 4.00% 2,127,526 0 0 0 2,127,526 Total $ 6,288,393 $ 3,839,363 $ 5,434,330 $ 1,900,202 $ 17,462,288 March 31, 2023 Range of Guaranteed Minimum Crediting Rate (1) 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) Fixed Annuities(2) Less than 1.00% $ 0 $ 23 $ 27 $ 0 $ 50 1.00% - 1.99% 515,521 74,533 251,361 84,016 925,431 2.00% - 2.99% 235,746 210,897 26,904 10,805 484,352 3.00% - 4.00% 36,010 0 0 0 36,010 Greater than 4.00% 0 0 0 0 0 Total $ 787,277 $ 285,453 $ 278,292 $ 94,821 $ 1,445,843 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 Life / 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 (1) Excludes contracts without minimum guaranteed crediting rates, such as funds with indexed-linked crediting options. (2) Prior period amounts have been updated to conform to current period presentation. Unearned Revenue Reserve ("URR") The balances of and changes in URR as of and for the periods ended are as follows: Three Months Ended March 31, 2024 2023 Variable Life / Universal Life (in thousands) Balance, beginning of period $ 3,741,426 $ 3,067,335 Unearned revenue 211,542 200,262 Amortization expense (44,470) (32,752) Other adjustments (1) (90) Balance, end of period $ 3,908,497 $ 3,234,755 Less: Reinsurance recoverables 1,762,417 1,583,054 Balance after reinsurance recoverables, end of period $ 2,146,080 $ 1,651,701 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: Three Months Ended March 31, 2024 Variable Annuities Less: Reinsured Market Risk Benefits Total, Net of Reinsurance (in thousands) Balance, beginning of period $ 3,694,950 $ (917,792) $ 2,777,158 Effect of cumulative changes in non-performance risk 1,068,035 0 1,068,035 Balance, beginning of period, before effect of changes in 4,762,985 (917,792) 3,845,193 Attributed fees collected 281,171 (66,967) 214,204 Claims paid (16,417) 1,511 (14,906) Interest accrual 68,360 (15,642) 52,718 Actual in force different from expected 2,495 (4,539) (2,044) Effect of changes in interest rates (832,834) 180,022 (652,812) Effect of changes in equity markets (846,759) 87,042 (759,717) Issuances 12,766 (619) 12,147 Other adjustments 13,017 (603) 12,414 Effect of changes in current period counterparty non-performance risk 0 (26,662) (26,662) Balance, end of period, before effect of changes in non-performance risk 3,444,784 (764,249) 2,680,535 Effect of cumulative changes in non-performance risk (829,061) 0 (829,061) Balance, end of period $ 2,615,723 $ (764,249) $ 1,851,474 Three Months Ended 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 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) Other adjustments 77,790 0 77,790 Effect of changes in current period counterparty non-performance risk 0 18,297 18,297 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 The Company issues certain variable annuity insurance contracts where the Company 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 anniversary 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 Company also issues indexed variable annuity contracts for which the return is tied to the return of specific indices 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 upon death. In certain of these indexed variable annuity contracts, the Company also contractually guarantees to the contractholder withdrawal benefits payable during specific periods. For 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 following table presents accompanying information to the rollforward table above. March 31, 2024 March 31, 2023 Variable Annuities ($ in thousands) Net amount at risk(1) $ 8,350,431 $ 10,414,717 Weighted-average attained age of contractholders 70 69 (1) For contracts with multiple benefit features, the highest net amount at risk for each contract is included. The table below reconciles MRB asset and liability positions as of the following dates: March 31, 2024 March 31, 2023 Variable Annuities (in thousands) Direct and assumed $ 1,472,957 $ 880,131 Ceded 1,063,886 547,357 Total market risk benefit assets $ 2,536,843 $ 1,427,488 Direct and assumed $ 4,088,679 $ 5,498,342 Ceded 299,638 123,339 Total market risk benefit liabilities $ 4,388,317 $ 5,621,681 Net liability $ 1,851,474 $ 4,194,193

Market Risk Benefits

Market Risk Benefits	3 Months Ended
	Mar. 31, 2024
Insurance [Abstract]
Market Risk 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 ("DPL"); and • Additional Insurance Reserves ("AIR") 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. Three Months Ended March 31, 2024 Present Value of Expected Net Premiums Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 10,927,833 $ 0 $ 10,927,833 Effect of cumulative changes in discount rate assumptions, beginning of period 225,711 0 225,711 Balance at original discount rate, beginning of period 11,153,544 0 11,153,544 Effect of actual variances from expected experience and other activity (54,196) (290) (54,486) Adjusted balance, beginning of period 11,099,348 (290) 11,099,058 Issuances 192,492 8,595 201,087 Net premiums / considerations collected (329,743) (8,305) (338,048) Interest accrual 129,053 0 129,053 Other adjustments (78) 0 (78) Balance at original discount rate, end of period 11,091,072 0 11,091,072 Effect of cumulative changes in discount rate assumptions, end of period (434,791) 0 (434,791) Balance, end of period $ 10,656,281 $ 0 $ 10,656,281 Three Months Ended March 31, 2024 Present Value of Expected Future Policy Benefits Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 18,426,207 $ 228,788 $ 18,654,995 Effect of cumulative changes in discount rate assumptions, beginning of period 331,571 19,521 351,092 Balance at original discount rate, beginning of period 18,757,778 248,309 19,006,087 Effect of actual variances from expected experience and other activity (65,431) (369) (65,800) Adjusted balance, beginning of period 18,692,347 247,940 18,940,287 Issuances 192,492 8,595 201,087 Interest accrual 223,989 2,204 226,193 Benefit payments (368,247) (7,544) (375,791) Other adjustments (23) (34) (57) Balance at original discount rate, end of period 18,740,558 251,161 18,991,719 Effect of cumulative changes in discount rate assumptions, end of period (742,789) (23,464) (766,253) Balance, end of period $ 17,997,769 $ 227,697 $ 18,225,466 Other, end of period 1,675 Total balance, end of period $ 18,227,141 Three Months Ended March 31, 2024 Net Liability for Future Policy Benefits Term Life Fixed Annuities Total (in thousands) Balance, end of period, pre-flooring $ 7,341,488 $ 227,697 $ 7,569,185 Flooring impact, end of period 44 0 44 Balance, end of period, post-flooring 7,341,532 227,697 7,569,229 Less: Reinsurance recoverables 6,650,332 18,428 6,668,760 Balance after reinsurance recoverables, end of period, post-flooring $ 691,200 $ 209,269 $ 900,469 Three Months Ended 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 Three Months Ended 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 and other activity (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 Three Months Ended 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 recoverables 6,719,094 17,336 6,736,430 Balance after reinsurance recoverables, end of period, post-flooring $ 493,628 $ 198,146 $ 691,774 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: Three Months Ended March 31, 2024 Term Life Fixed Annuities ($ in thousands) Undiscounted expected future gross premiums $ 21,812,112 $ 0 Discounted expected future gross premiums (at original discount rate) $ 14,968,218 $ 0 Discounted expected future gross premiums (at current discount rate) $ 14,408,614 $ 0 Undiscounted expected future benefits and expenses $ 29,069,972 $ 336,830 Interest accrual $ 94,935 $ 2,204 Gross premiums $ 446,853 $ 8,572 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) 5.16 % 3.76 % Weighted-average interest rate (at current discount rate) 5.29 % 5.26 % Three Months Ended 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 % For additional information regarding observable market information and the techniques used to determine the interest rate assumptions seen above, see Note 2 to the Company's Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2023. 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, respectively. In the first three months of 2024, there was an immaterial impact to net income for non-participating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts. In the first three months of 2023, there was a $24 million gain in net income for non-participating 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. Deferred Profit Liability The balances of and changes in DPL as of and for the periods indicated are as follows: Three Months Ended March 31, 2024 2023 Fixed Annuities (in thousands) Balance, beginning of period, post-flooring $ 14,818 $ 18,193 Effect of actual variances from expected experience and other activity 330 (951) Adjusted balance, beginning of period 15,148 17,242 Profits deferred 216 1,856 Interest accrual 133 182 Amortization (456) (541) Other adjustments (3) (8) Balance, end of period, post-flooring 15,038 18,731 Less: Reinsurance recoverables 1,576 1,545 Balance after reinsurance recoverables, end of period $ 13,462 $ 17,186 The following table provides supplemental information related to the balances of and changes in DPL, included in the disaggregated table above, on a gross (direct and assumed) basis, as of and for the period indicated: Three Months Ended March 31, 2024 2023 Fixed Annuities (in thousands) Revenue(1) $ (221) $ (539) Interest accrual 133 182 (1) Represents the gross premiums collected in changes in DPL. Additional Insurance Reserves AIR represents the additional liability for annuitization, death, or other insurance benefits, including guaranteed minimum death benefits ("GMDB") and guaranteed minimum income benefits ("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: Three Months Ended March 31, 2024 2023 (in thousands) Balance, including amounts in AOCI, beginning of period, post-flooring $ 14,280,793 $ 12,664,445 Flooring impact and amounts in AOCI 831,583 1,269,237 Balance, excluding amounts in AOCI, beginning of period, pre-flooring 15,112,376 13,933,682 Effect of actual variances from expected experience and other activity 191,103 (32,188) Adjusted balance, beginning of period 15,303,479 13,901,494 Assessments collected(1) 297,419 267,869 Interest accrual 128,241 117,307 Benefits paid (68,233) (71,551) Balance, excluding amounts in AOCI, end of period, pre-flooring 15,660,906 14,215,119 Flooring impact and amounts in AOCI (1,014,852) (962,417) Balance, including amounts in AOCI, end of period, post-flooring 14,646,054 13,252,702 Less: Reinsurance recoverables 14,466,067 13,029,847 Balance after reinsurance recoverables, including amounts in AOCI, end of period $ 179,987 $ 222,855 (1) Represents the portion of gross assessments required to fund the future policy benefits. Three Months Ended March 31, 2024 2023 ($ in thousands) Interest accrual $ 128,241 $ 117,307 Gross assessments $ 419,396 $ 427,489 Weighted-average duration of the liability in years (at original discount rate) 22 22 Weighted-average interest rate (at original discount rate) 3.39 % 3.38 % Future Policy Benefits Reconciliation The following table presents the reconciliation of the ending balances from the above rollforwards, Benefit Reserves, DPL, and AIR, 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: Three Months Ended March 31, 2024 2023 (in thousands) Benefit reserves, end of period, post-flooring $ 7,569,229 $ 7,428,204 Deferred profit liability, end of period, post-flooring 15,038 18,731 Additional insurance reserves, including amounts in AOCI, end of period, post-flooring 14,646,054 13,252,702 Subtotal of amounts disclosed above 22,230,321 20,699,637 Other Future policy benefits reserves(1) 1,181,796 1,059,906 Total Future policy benefits $ 23,412,117 $ 21,759,543 (1) Primarily 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, DPL, and AIR, 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: Three Months Ended March 31, 2024 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 446,853 $ 0 $ 8,572 $ 455,425 Deferred profit liability 0 0 (221) (221) Additional insurance reserves 0 419,396 0 419,396 Total $ 446,853 $ 419,396 $ 8,351 $ 874,600 Three Months Ended March 31, 2023 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 449,968 $ 0 $ 10,891 $ 460,859 Deferred profit liability 0 0 (539) (539) Additional insurance reserves 0 427,489 0 427,489 Total $ 449,968 $ 427,489 $ 10,352 $ 887,809 (1) Represents "Gross premiums" for benefit reserves; "Revenue" for DPL and "Gross assessments" for AIR. Three Months Ended March 31, 2024 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 94,935 $ 0 $ 2,204 $ 97,139 Deferred profit liability 0 0 133 133 Additional insurance reserves 0 128,241 0 128,241 Total $ 94,935 $ 128,241 $ 2,337 $ 225,513 Three Months Ended March 31, 2023 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 92,508 $ 0 $ 2,137 $ 94,645 Deferred profit liability 0 0 182 182 Additional insurance reserves 0 117,307 0 117,307 Total $ 92,508 $ 117,307 $ 2,319 $ 212,134 Policyholders' Account Balances The balances of and changes in policyholders' account balances as of and for the periods ended are as follows: Three Months Ended March 31, 2024 Fixed Annuities Variable Annuities Variable Life / Universal Life Total ($ in thousands) Balance, beginning of period $ 6,164,313 $ 22,836,765 $ 20,167,713 $ 49,168,791 Deposits 1,553,852 1,624,956 529,212 3,708,020 Interest credited 43,517 98,143 138,059 279,719 Policy charges 2,208 (3,702) (455,538) (457,032) Surrenders and withdrawals (103,696) (179,988) (199,907) (483,591) Benefit payments (12,879) (4,926) (17,856) (35,661) Net transfers (to) from separate account 0 (6,723) 84,803 78,080 Change in market value and other adjustments(1) 88,291 1,368,024 37,169 1,493,484 Balance, end of period 7,735,606 25,732,549 20,283,655 53,751,810 Unearned revenue reserve 3,908,497 Other 103,851 Total Policyholders' account balance $ 57,764,158 Weighted-average crediting rate 2.50 % 1.62 % 2.73 % 2.17 % Net amount at risk(2) $ 18 $ 0 $ 327,231,561 $ 327,231,579 Cash surrender value(3) $ 6,674,346 $ 23,282,269 $ 18,899,950 $ 48,856,565 Three Months Ended March 31, 2023 Fixed Annuities(4) Variable Annuities Variable Life / Universal Life Total ($ in thousands) Balance, beginning of period $ 3,575,824 $ 16,432,032 $ 18,736,365 $ 38,744,221 Deposits 564,236 948,987 530,381 2,043,604 Interest credited 11,996 78,629 141,753 232,378 Policy charges (118) (5,729) (451,990) (457,837) Surrenders and withdrawals (43,158) (113,424) (216,334) (372,916) Benefit payments (10,215) (10,624) (24,771) (45,610) Net transfers (to) from separate account 0 10,253 24,911 35,164 Change in market value and other adjustments(1) 9,343 191,448 84,425 285,216 Balance, end of period 4,107,908 17,531,572 18,824,740 40,464,220 Unearned revenue reserve 3,234,755 Other(4) 100,146 Total Policyholders' account balance $ 43,799,121 Weighted-average crediting rate 1.25 % 1.85 % 3.02 % 2.35 % Net amount at risk(2) $ 7 $ 0 $ 308,975,503 $ 308,975,510 Cash surrender value(3) $ 3,459,140 $ 15,338,366 $ 17,242,003 $ 36,039,509 (1) Primarily relates to changes in the value of embedded derivative instruments associated with the indexed options of certain products. (2) The net amount at risk calculation includes both general and separate account balances. (3) Represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. (4) Prior period amounts have been updated to conform to current period presentation. The Company issues variable life and universal life insurance contracts which may also include a “no-lapse guarantee” where the Company contractually guarantees to the contractholder a death benefit even when the account value drops to zero, as long as the “no-lapse guarantee” premium is paid. The net amount at risk is generally defined as the current 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 contractholder mortality, contract lapses, and premium pattern, as well as interest rate and equity market returns. The Company also issues annuity contracts that provide certain death benefit and/or living benefit guarantees and are accounted for as MRBs. See Note 10 for additional information, including the net amount at risk associated with these guarantees. 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, 2024 Range of Guaranteed Minimum Crediting Rate (1) 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) Fixed Annuities Less than 1.00% $ 285 $ 1,923 $ 6,312 $ 621,391 $ 629,911 1.00% - 1.99% 473,330 72,870 217,461 80,120 843,781 2.00% - 2.99% 300,163 465,693 564,226 15,919 1,346,001 3.00% - 4.00% 324,553 1,941 2,156 241 328,891 Greater than 4.00% 0 0 0 0 0 Total $ 1,098,331 $ 542,427 $ 790,155 $ 717,671 $ 3,148,584 Variable Annuities Less than 1.00% $ 865,767 $ 727,194 $ 69,871 $ 195 $ 1,663,027 1.00% - 1.99% 216,457 23,819 924 0 241,200 2.00% - 2.99% 20,916 4,192 4,174 0 29,282 3.00% - 4.00% 878,815 6,926 0 0 885,741 Greater than 4.00% 2,066 0 0 0 2,066 Total $ 1,984,021 $ 762,131 $ 74,969 $ 195 $ 2,821,316 Variable Life / Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 184,308 $ 184,308 1.00% - 1.99% 226,470 0 1,661,933 1,514,100 3,402,503 2.00% - 2.99% 29,823 1,462,438 2,854,281 201,794 4,548,336 3.00% - 4.00% 3,904,574 2,376,925 918,116 0 7,199,615 Greater than 4.00% 2,127,526 0 0 0 2,127,526 Total $ 6,288,393 $ 3,839,363 $ 5,434,330 $ 1,900,202 $ 17,462,288 March 31, 2023 Range of Guaranteed Minimum Crediting Rate (1) 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) Fixed Annuities(2) Less than 1.00% $ 0 $ 23 $ 27 $ 0 $ 50 1.00% - 1.99% 515,521 74,533 251,361 84,016 925,431 2.00% - 2.99% 235,746 210,897 26,904 10,805 484,352 3.00% - 4.00% 36,010 0 0 0 36,010 Greater than 4.00% 0 0 0 0 0 Total $ 787,277 $ 285,453 $ 278,292 $ 94,821 $ 1,445,843 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 Life / 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 (1) Excludes contracts without minimum guaranteed crediting rates, such as funds with indexed-linked crediting options. (2) Prior period amounts have been updated to conform to current period presentation. Unearned Revenue Reserve ("URR") The balances of and changes in URR as of and for the periods ended are as follows: Three Months Ended March 31, 2024 2023 Variable Life / Universal Life (in thousands) Balance, beginning of period $ 3,741,426 $ 3,067,335 Unearned revenue 211,542 200,262 Amortization expense (44,470) (32,752) Other adjustments (1) (90) Balance, end of period $ 3,908,497 $ 3,234,755 Less: Reinsurance recoverables 1,762,417 1,583,054 Balance after reinsurance recoverables, end of period $ 2,146,080 $ 1,651,701 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: Three Months Ended March 31, 2024 Variable Annuities Less: Reinsured Market Risk Benefits Total, Net of Reinsurance (in thousands) Balance, beginning of period $ 3,694,950 $ (917,792) $ 2,777,158 Effect of cumulative changes in non-performance risk 1,068,035 0 1,068,035 Balance, beginning of period, before effect of changes in 4,762,985 (917,792) 3,845,193 Attributed fees collected 281,171 (66,967) 214,204 Claims paid (16,417) 1,511 (14,906) Interest accrual 68,360 (15,642) 52,718 Actual in force different from expected 2,495 (4,539) (2,044) Effect of changes in interest rates (832,834) 180,022 (652,812) Effect of changes in equity markets (846,759) 87,042 (759,717) Issuances 12,766 (619) 12,147 Other adjustments 13,017 (603) 12,414 Effect of changes in current period counterparty non-performance risk 0 (26,662) (26,662) Balance, end of period, before effect of changes in non-performance risk 3,444,784 (764,249) 2,680,535 Effect of cumulative changes in non-performance risk (829,061) 0 (829,061) Balance, end of period $ 2,615,723 $ (764,249) $ 1,851,474 Three Months Ended 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 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) Other adjustments 77,790 0 77,790 Effect of changes in current period counterparty non-performance risk 0 18,297 18,297 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 The Company issues certain variable annuity insurance contracts where the Company 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 anniversary 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 Company also issues indexed variable annuity contracts for which the return is tied to the return of specific indices 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 upon death. In certain of these indexed variable annuity contracts, the Company also contractually guarantees to the contractholder withdrawal benefits payable during specific periods. For 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 following table presents accompanying information to the rollforward table above. March 31, 2024 March 31, 2023 Variable Annuities ($ in thousands) Net amount at risk(1) $ 8,350,431 $ 10,414,717 Weighted-average attained age of contractholders 70 69 (1) For contracts with multiple benefit features, the highest net amount at risk for each contract is included. The table below reconciles MRB asset and liability positions as of the following dates: March 31, 2024 March 31, 2023 Variable Annuities (in thousands) Direct and assumed $ 1,472,957 $ 880,131 Ceded 1,063,886 547,357 Total market risk benefit assets $ 2,536,843 $ 1,427,488 Direct and assumed $ 4,088,679 $ 5,498,342 Ceded 299,638 123,339 Total market risk benefit liabilities $ 4,388,317 $ 5,621,681 Net liability $ 1,851,474 $ 4,194,193

Reinsurance

Reinsurance	3 Months Ended
	Mar. 31, 2024
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”), PAR U, PURE, Prudential Term Reinsurance Company (“Term Re”), Dryden Arizona Reinsurance Term Company (“DART”), Lotus Reinsurance Company Ltd. (“Lotus Re”), PALAC, a former subsidiary of Prudential Financial that was sold to Fortitude on April 1, 2022, and prior to January 1, 2024 with its affiliates Prudential Universal Reinsurance Company (“PURC”) and Gibraltar Universal Life Reinsurance Company (“GUL Re”). 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 (“YRT”) 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. Effective January 2024, the Company entered into an agreement with Somerset Reinsurance Ltd. (“Somerset Re”) to coinsure a closed block of guaranteed universal life (“GUL”) policies to PURE, a wholly-owned subsidiary of Prudential Insurance, with retrocession by PURE of such liabilities on a modified coinsurance basis, to Somerset Re. This transaction is effective as of January 1, 2024, whereby, the Company recaptured all risks associated with the subject GUL policies from PAR U, PURC and GUL Re and subsequently established YRT reinsurance for the subject GUL business with Prudential Insurance. As a result of the transactions, the Company recognized a $999 million pre-tax recapture loss and a $1,216 million DRG that will be amortized into income over the estimated remaining life of the reinsured policies. 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. Reinsurance amounts included in the Company’s Unaudited Interim Consolidated Statements of Financial Position were as follows: March 31, 2024 December 31, 2023 (in thousands) Reinsurance recoverables $ 41,124,532 $ 38,709,651 Policy loans (1,094,070) (1,082,584) Deferred policy acquisition costs (3,190,663) (3,195,161) Deferred sales inducements (34,683) (35,313) Market risk benefit assets 1,064,022 1,165,378 Other assets 2,198,467 1,897,410 Policyholders’ account balances 5,901,708 5,977,108 Future policy benefits 7,109,698 7,026,209 Market risk benefit liabilities 302,169 249,538 Other liabilities 7,703,446 4,397,862 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, 2024 December 31, 2023 (in thousands) Deferred policy acquisition costs $ 68,424 $ 71,315 Market risk benefit assets 715,512 745,662 Other assets 2,099,315 1,795,422 Policyholders’ account balances 1,817,895 1,830,579 Future policy benefits 130 453 Market risk benefit liabilities 157,687 131,594 Other liabilities 2,179,341 1,915,205 Reinsurance recoverables by counterparty are as follows: March 31, 2024 December 31, 2023 (in thousands) PAR U $ 18,869,883 $ 15,722,061 PURC 0 7,565,968 PARCC 2,212,090 2,304,270 GUL Re 0 3,211,899 PAR Term 2,048,613 2,101,004 Prudential Insurance 4,060,181 1,311,525 Term Re 2,040,735 2,080,564 Lotus Re 2,062,495 2,051,831 DART 779,290 744,043 PURE 7,475,955 0 Unaffiliated 1,575,290 1,616,486 Total reinsurance recoverables $ 41,124,532 $ 38,709,651 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, 2024 2023 (in thousands) Premiums: Direct $ 459,628 $ 462,067 Assumed 33 (156) Ceded (367,479) (385,255) Net premiums 92,182 76,656 Policy charges and fee income: Direct 771,189 735,938 Assumed 258,770 152,600 Ceded 1,879,246 (502,047) Net policy charges and fee income 2,909,205 386,491 Net investment income: Direct 519,052 350,323 Assumed 330 343 Ceded (14,062) (1,216) Net investment income(1) 505,320 349,450 Asset administration fees: Direct 82,688 80,356 Assumed 0 0 Ceded (26,056) (16,154) Net asset administration fees 56,632 64,202 Other income (loss): Direct 44,816 225,734 Assumed 325 (293) Ceded 168,344 19,406 Net other income (loss)(1) 213,485 244,847 Realized investment gains (losses), net: Direct 12,356 (245,923) Assumed (9,167) 138,666 Ceded 19,811 (13,422) Realized investment gains (losses), net(1) 23,000 (120,679) Change in value of market risk benefits, net of related hedging gain (loss): Direct 313,886 33,120 Assumed (466) (6,217) Ceded (221,829) (6,701) Net change in value of market risk benefits, net of related hedging gain (loss) 91,591 20,202 Policyholders’ benefits (including change in reserves): Direct 1,001,446 878,785 Assumed 287,411 317,287 Ceded 2,817,551 (1,090,890) Net policyholders’ benefits (including change in reserves)(1) 4,106,408 105,182 Three Months Ended March 31, 2024 2023 Change in estimates of liability for future policy benefits: Direct 139,586 (48,501) Assumed (9,510) 1,807 Ceded (142,081) 42,292 Net change in estimates of liability for future policy benefits (12,005) (4,402) Interest credited to policyholders’ account balances: Direct 278,390 222,575 Assumed 46,148 38,506 Ceded (99,988) (100,859) Net interest credited to policyholders’ account balances 224,550 160,222 Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization (390,143) (117,830) (1) Amounts include reinsurance agreements using the deposit method of accounting. 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, 2024 2023 (in thousands) Premiums: Assumed $ 30 $ (166) Ceded (25,152) (16,575) Policy charges and fee income: Assumed 272 540 Ceded (42,012) (23,938) Net investment income(1): Ceded 0 10,920 Asset administration fees: Ceded (7,316) 0 Other income (loss)(1): Assumed 429 (293) Ceded 21,804 1,622 Realized investment gains (losses), net(1): Assumed (9,167) 138,666 Ceded 25,225 (14,581) Change in value of market risk benefits, net of related hedging gain (loss): Assumed (466) (6,217) Ceded (98,008) (4,773) Policyholders’ benefits (including change in reserves)(1): Assumed 333 91 Ceded (146,828) (27,702) Change in estimates of liability for future policy benefits: Ceded 91,873 0 Interest credited to policyholders’ account balances: Assumed 17,459 7,469 (1) Amounts include reinsurance agreements using the deposit method of accounting. The gross and net amounts of life insurance face amount in force as of March 31, 2024 and 2023 were as follows: 2024 2023 (in thousands) Direct gross life insurance face amount in force $ 1,136,350,824 $ 1,098,986,043 Assumed gross life insurance face amount in force 35,289,794 36,379,128 Reinsurance ceded (1,034,508,027) (1,012,593,512) Net life insurance face amount in force $ 137,132,591 $ 122,771,659 Significant Affiliated Reinsurance Agreements PAR U Pruco Life reinsures 70% of all the risks associated with Universal Protector policies having no-lapse guarantees as well as certain other universal life policies, with effective dates prior to January 1, 2011. Effective July 1, 2012, PLNJ reinsures 95% of all the risks associated with Universal Protector policies having no-lapse guarantees as well as certain other universal life 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 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. Effective January 1, 2024, Pruco Life recaptured the policies equal to 70% of all the risks associated with Universal Protector policies having no-lapse guarantees as well as certain other universal life policies, with effective dates prior to January 1, 2011. Effective January 1, 2024, Pruco Life reinsures 25% of the risks associated with universal life policies with effective dates prior to January 1, 2015 and 100% of the risks associated with universal life policies with effective dates beginning January 1, 2015. Effective January 1, 2024, PLNJ recaptured the policies previously reinsured by PAR U with effective dates prior to January 1, 2015. Effective January 1, 2024, PLNJ reinsures 100% of the risks associated with universal life policies, with effective dates from January 1, 2015 to December 31, 2019. On March 28, 2024, PURC and GUL Re merged into PAR U. PURE Effective January 1, 2024, Pruco Life reinsures 75% of the risks associated with Universal Protector policies having no-lapse guarantees as well as certain other universal life policies, with effective dates prior to January 1, 2015. Effective January 1, 2024, PLNJ reinsures 100% of the risks associated with Universal Protector policies having no-lapse guarantees as well as certain other universal life policies, with effective dates prior to January 1, 2015. PURC Pruco Life reinsures 70% of all the risks associated with Universal Protector policies having no-lapse guarantees as well as certain other universal life 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 other universal life policies, with effective dates from January 1, 2014 through December 31, 2016. Effective January 1, 2024, the Company recaptured the policies previously reinsured by PURC. As a result of the recapture, the Company recorded a write-off of $116 million of DRG that was recognized with the previous reinsurance agreement. On March 28, 2024, PURC merged into PAR U. 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 95% of all the risks associated with Universal Protector policies having no-lapse guarantees, as well as certain other universal life 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 other universal life policies with effective dates prior to January 1, 2014. Effective January 1, 2024, the Company recaptured the policies previously reinsured by GUL Re. On March 28, 2024, GUL Re merged into PAR U. 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 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. Effective January 1, 2024, the Company recaptured all GUL policies with Prudential Insurance and subsequently entered into a YRT reinsurance agreement with Prudential Insurance to reinsure the mortality risk for the totality of GUL policies reinsured to PURE. 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 $1,387 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 $1,352 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 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. Significant Third-Party Reinsurance Arrangements AuguStar Life Insurance Company (Formerly Known as The Ohio National Life Insurance Company) Effective April 1, 2023, the Company entered into an agreement with AuguStar, an affiliate of Constellation Insurance Holdings, Inc., to reinsure approximately $10 billion of account values of PDI traditional variable annuity contracts with guaranteed living benefits. This block represents approximately 10% of the Company’s remaining legacy in force traditional variable annuity block by account value. The Company ceded 100% of separate account liabilities under modified coinsurance and 100% of general account liabilities under coinsurance of its PDI traditional variable annuity contracts. The general account liabilities associated with PDI's guaranteed living and death benefits and the corresponding reinsurance of those liabilities are accounted for as market risk benefits. As a result of the transaction, the Company recognized a $277 million DRG that will be amortized into income over the estimated remaining life of the reinsured policies. FLIAC Effective December 1, 2021, the Company entered into a reinsurance agreement with FLIAC under which the Company assumed all of FLIAC's indexed variable annuities under modified coinsurance. 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 receivable, which reflects the value of the invested assets retained by FLIAC and the associated asset returns. The Company also assumed via coinsurance 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, 2024, the total account value of contracts novated from FLIAC to the Company were $5.3 billion for indexed variable annuities contracts and $2.0 billion for fixed annuities and fixed indexed annuities contracts, which is approximately 80% of the total reinsured block. Somerset Re Effective October 1, 2021, the Company entered into a reinsurance agreement with Somerset Re to coinsure business, on a quota share funds withheld basis, related to fixed index annuities. Under the reinsurance agreement, the Company cedes to Somerset Re its quota share of the insurance liabilities with respect to the reinsured contracts. The deposit assets on reinsurance totaled $1,929 million and $1,618 million at March 31, 2024 and December 31, 2023, respectively. The funds withheld liabilities totaled $1,790 million and $1,518 million at March 31, 2024 and December 31, 2023, respectively. 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. 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, 2024, $2.3 billion of HDI v.3.0 account values are reinsured to Union Hamilton.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The Company uses a full year projected effective tax rate approach to calculate year-to-date taxes. In determining the full year projected tax rate, the Company considers the realizability of deferred tax assets, including those associated with unrealized investment losses, and has determined based upon the weight of available evidence that no valuation allowance is necessary related to unrealized investment losses. In addition, certain items impacting total income tax expense are recorded in the periods in which they occur. The projected effective tax rate is the ratio of projected “Income tax expense (benefit)” divided by projected “Income (loss) from operations before income taxes and equity in earnings of operating joint venture”. Taxes attributable to operating joint venture are recorded within “Equity in earnings of operating joint venture, net of taxes.” The interim period tax expense (or benefit) is the difference between the year-to-date income tax provision and the amounts reported for the previous interim periods of the fiscal year. The Company's income tax provision, on a consolidated basis, amounted to an income tax benefit of $(63.6) million, or 10.52% of income (loss) from operations before income taxes and equity in earnings of operating joint venture, in the first three months of 2024, compared to an income tax expense of $56.2 million, or 16.74%, in the first three months of 2023. 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”), (House of Representatives, 5376). One of the most significant provisions of the Inflation Reduction Act is a 15% corporate alternative minimum tax (CAMT) based on the Company’s GAAP income, with certain adjustments. This provision, which is applicable only to companies with average applicable financial statement income in excess of $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. The Company is subject to CAMT for 2024 which may or may not result in a CAMT cash tax liability and will have no impact to the full year effective tax rate.

Equity

Equity	3 Months Ended
	Mar. 31, 2024
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, 2024 and 2023, 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, 2023 $ (18,085) $ (927,778) $ 71,195 $ 843,748 $ (30,920) Change in OCI before reclassifications (2,362) (297,240) 32,830 (238,974) (505,746) Amounts reclassified from AOCI 0 (16,067) 0 0 (16,067) Income tax benefit (expense) 212 65,788 (6,894) 50,185 109,291 Balance, March 31, 2024 $ (20,235) $ (1,175,297) $ 97,131 $ 654,959 $ (443,442) 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 (1) Includes cash flow hedges of $39 million and $12 million as of March 31, 2024 and December 31, 2023, respectively, and $118 million and $139 million as of March 31, 2023 and December 31, 2022, respectively . Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended 2024 2023 (in thousands) Amounts reclassified from AOCI(1)(2): Net unrealized investment gains (losses): Cash flow hedges - Currency/Interest rate(3) $ 22,904 $ 3,770 Net unrealized investment gains (losses) on available-for-sale securities (6,837) (8,221) Total net unrealized investment gains (losses)(4) 16,067 (4,451) Total reclassifications for the period $ 16,067 $ (4,451) (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 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 Investment Gains (Losses) on Available-for-Sale Fixed Maturity Securities on Which an Allowance for Credit Losses has been Recognized Net Unrealized Other Costs(2) Future Policy Benefits, Policyholders' Account Balances and Other Liabilities(3) Income Tax Accumulated (in thousands) Balance, December 31, 2023 $ 1,987 $ (1,404,180) $ (801,351) $ 1,029,098 $ 246,668 $ (927,778) Net investment gains (losses) on investments arising during the period (596) (339,362) 0 0 71,420 (268,538) Reclassification adjustment for (gains) losses included in net income (9) (16,058) 0 0 3,375 (12,692) Reclassification due to allowance for credit losses recorded during the period (26) 26 0 0 0 0 Impact of net unrealized investment (gains) losses 0 0 (184,494) 227,212 (9,007) 33,711 Balance, March 31, 2024 $ 1,356 $ (1,759,574) $ (985,845) $ 1,256,310 $ 312,456 $ (1,175,297) (1) Includes cash flow hedges. See Note 4 for information on cash flow hedges. (2) "Other costs" primarily includes reinsurance recoverables and DRL. (3) "Other liabilities" primarily includes reinsurance payables. Noncontrolling interests For certain subsidiaries, the Company owns a controlling interest that is less than 100% ownership of the subsidiary but must consolidate 100% of the subsidiary’s financial statements in accordance with U.S. GAAP. Noncontrolling interests represent the portion of equity ownership in a consolidated subsidiary that is not attributable to the Company.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS The Company has extensive transactions and relationships with Prudential Insurance and other affiliates. Although we seek to ensure that these transactions and relationships are fair and reasonable, it is possible that the terms of these transactions are not the same as those that would result from transactions among unrelated parties. Expense Charges and Allocations The majority of the Company’s expenses are allocations or charges from Prudential Insurance or other affiliates. These expenses can be grouped into general and administrative expenses and agency distribution expenses. The Company’s general and administrative expenses are charged to the Company using allocation methodologies based on business production processes. Management believes that the methodology is reasonable and reflects costs incurred by Prudential Insurance to process transactions on behalf of the Company. The Company operates under service and lease agreements whereby services of officers and employees, supplies, use of equipment and office space are provided by Prudential Insurance. The Company reviews its allocation methodology periodically which it may adjust accordingly. General and administrative expenses include allocations of stock compensation expenses related to a stock-based awards program and a deferred compensation program issued by Prudential Financial. The expense charged to the Company for the stock-based awards program was $0.2 million and $0.1 million for the three months ended March 31, 2024 and 2023, respectively. The expense charged to the Company for the deferred compensation program was $3.3 million and $2.7 million for the three months ended March 31, 2024 and 2023, respectively. The Company is charged for its share of employee benefit expenses. These expenses include costs for funded and non-funded, non-contributory defined benefit pension plans. Some of these benefits are based on final earnings and length of service while others are based on an account balance, which takes into consideration age, service and earnings during a career. The Company’s share of net expense for the pension plans was $3 million for both the three months ended March 31, 2024 and 2023. 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 for both the three months ended March 31, 2024 and 2023. 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 t he voluntary savings plan was $2 million for both the three months ended March 31, 2024 and 2023. 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 $178 million and $140 million for the three months ended March 31, 2024 and 2023, 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 $36 million and $39 million for the three months ended March 31, 2024 and 2023, 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 $4,325 million and $4,156 million at March 31, 2024 and December 31, 2023, respectively. Fees related to these COLI policies were $13 million for both the three months ended March 31, 2024 and 2023. 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. In May 2023, the Company funded a policy loan from the Prudential Financial COLI policy noted above in an amount of $900 million to an affiliated irrevocable trust, commonly referred to as a “rabbi trust”, which Prudential Financial created to support certain non-qualified retirement plans. The outstanding balance of the policy loan with the rabbi trust was $898 million as of March 31, 2024 and December 31, 2023. Interest income related to the policy loan was $10 million for three months ended March 31, 2024 . 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 $15 million and $12 million for the three months ended March 31, 2024 and 2023, respectively. These expenses are recorded as “Net investment income” in the 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 $128 million and $110 million for the three months ended March 31, 2024 and 2023, respectively, and are included in "Other income (loss)". Joint Ventures The Company has made investments in joint ventures with certain subsidiaries of Prudential Financial. "Other invested assets" includes $854 million and $754 million of investments in joint ventures as of March 31, 2024 and December 31, 2023, r espectively. "Net investment income" related to these ventures includes gains(losses) of $9 million and $2 million for the three months ended March 31, 2024 and 2023, 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 f or both the three months ended March 31, 2024 and 2023. These revenues are recorded as “Asset administration fees” in the 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 p olicyholders' separate account balances invested in The Prudential Series Fund. Income received from PGIM Investments related to this agreement was $11 million and $9 million for the three months ended March 31, 2024 and 2023, respectively. These revenues are recorded as “Asset administration fees” in the 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, 2024 and December 31, 2023 is as follows: Maturity Dates Interest Rates March 31, 2024 December 31, 2023 (in thousands) U.S. dollar fixed rate notes 2025 - 2032 0.00% - 14.85 % $ 269,949 $ 147,984 Total notes receivable - affiliated(1) $ 269,949 $ 147,984 (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. Ac crued interest receivable related to these loans was $1 million at both March 31, 2024 and December 31, 2023, and is included in “Other assets”. Revenues related to these loans were $1 million for both the three months ended March 31, 2024 and 2023, 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, 2024 and December 31, 2023 were as follows: Maturity Date Interest Rate March 31, 2024 December 31, 2023 (in thousands) Affiliated Commercial Mortgage Loan 2025 9.83 % $ 70,741 $ 71,038 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 the March 31, 2024 and December 31, 2023, and is included in "Accrued investment income". Revenues were $2 million for both the three months ended March 31, 2024 and 2023, 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, 2024 and for the year ended December 31, 2023. Affiliate Date Transaction Security Type Fair Value Book Value APIC, Net of Tax Increase/(Decrease) Realized (in thousands) 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 PURC April 2023 Purchase Fixed Maturities $ 102,804 $ 102,804 $ 0 $ 0 Term Re June 2023 Purchase Fixed Maturities $ 115,573 $ 115,573 $ 0 $ 0 Prudential Insurance June 2023 Purchase Fixed Maturities $ 4,298 $ 4,443 $ 114 $ 0 Prudential Insurance June 2023 Purchase Fixed Maturities $ 4,394 $ 4,494 $ 80 $ 0 Prudential Insurance June 2023 Purchase Fixed Maturities $ 19,453 $ 19,203 $ (198) $ 0 Prudential Insurance June 2023 Purchase Fixed Maturities $ 14,452 $ 15,086 $ 502 $ 0 Prudential Insurance September 2023 Purchase Fixed Maturities $ 15,880 $ 15,801 $ (62) $ 0 Prudential Insurance December 2023 Sale Commercial Mortgage and Other Loans $ 762 $ 754 $ 0 $ 8 PAR U January 2024 Transfer in Fixed Maturities $ 1,598,161 $ 1,598,161 $ 0 $ 0 PAR U January 2024 Transfer in Fixed Maturities $ 778,745 $ 778,745 $ 0 $ 0 PURC January 2024 Transfer in Fixed Maturities $ 2,155,560 $ 2,155,560 $ 0 $ 0 GUL Re January 2024 Transfer in Fixed Maturities $ 1,685,582 $ 1,685,582 $ 0 $ 0 GUL Re January 2024 Transfer in Fixed Maturities $ 4,976 $ 4,976 $ 0 $ 0 PURE January 2024 Transfer out Fixed Maturities $ 1,598,161 $ 1,598,161 $ 0 $ 0 PURE January 2024 Transfer out Fixed Maturities $ 778,745 $ 778,745 $ 0 $ 0 PURE January 2024 Transfer out Fixed Maturities $ 2,155,560 $ 2,155,560 $ 0 $ 0 PURE January 2024 Transfer out Fixed Maturities $ 1,685,582 $ 1,685,582 $ 0 $ 0 PURE January 2024 Transfer out Fixed Maturities $ 4,976 $ 4,976 $ 0 $ 0 Ironbound January 2024 Purchase Other Invested Assets $ 60,414 $ 60,414 $ 0 $ 0 Windhill CLO 1, Ltd. February 2024 Sale Fixed Maturities $ 18,428 $ 18,858 $ 0 $ (430) Windhill CLO 2, Ltd. February 2024 Sale Fixed Maturities $ 19,652 $ 20,057 $ 0 $ (405) PAR Term February 2024 Purchase Fixed Maturities $ 43,084 $ 43,084 $ 0 $ 0 Windhill CLO 1, Ltd. March 2024 Sale Fixed Maturities $ 10,148 $ 10,387 $ 0 $ (239) Windhill CLO 2, Ltd. March 2024 Sale Fixed Maturities $ 14,763 $ 15,091 $ 0 $ (328) Prudential Insurance March 2024 Purchase Fixed Maturities $ 198,804 $ 206,285 $ 5,910 $ 0 PAR U March 2024 Transfer in Other Invested Assets $ 188,500 $ 188,500 $ 0 $ 0 PURE March 2024 Transfer out Other Invested Assets $ 188,500 $ 188,500 $ 0 $ 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 short-term debt. There is no long-term debt to affiliates as of March 31, 2024 and December 31, 2023. Affiliate Date Amount of Notes - March 31, 2024 Amount of Notes - December 31, 2023 Interest Rate Date of Maturity (in thousands) Prudential Insurance 8/13/2021 $ 94,271 $ 94,953 3.95 % 6/20/2024 Prudential Insurance 8/13/2021 37,707 37,981 3.95 % 6/20/2024 Prudential Insurance 8/13/2021 47,137 47,477 3.95 % 6/20/2024 Total Loans Payable to Affiliates(1) $ 179,115 $ 180,411 (1) Includes $179 million and $180 million of loans reclassified as current portion of long-term debt as of March 31, 2024 and December 31, 2023, respectively. The total interes t expense to the Company related to affiliated loans and cash collateral with PGF was $4 million and $3 million for the three months ended March 31, 2024 and 2023, respectively. All debt outstanding as of March 31, 2024 and December 31, 2023 is that of Pruco Life. Contributed Capital and Dividends In February and December 2023, the Company received capital contributions in the amount of $405 million and $7 million , respectively, from Prudential Insurance. In June, September, and December 2023, there was a $300 million, $650 million and $450 million return of capital, respectively, to Prudential Insurance. Through March 2024 and December 2023, 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, 2024
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, 2024 and December 31, 2023, the outstanding balances on these commitments were $176 million and $270 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 $0.2 million and $0.3 million as of March 31, 2024 and December 31, 2023, respectively, which is a change of $0.1 million for the three months ended March 31, 2024. There was no change for the three months ended March 31, 2023. The Company also made commitments to purchase or fund investments, mostly fund investments and private fixed maturities, some of which are contingent upon events or circumstances not under the Company’s control, i ncluding those at the discretion of the Company’s counterparties. The Company anticipates a portion of these commitments will ultimately be funded from its separate accounts. As of March 31, 2024 and December 31, 2023, $1,162 million and $1,182 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, 2024 or 2023. Guarantees In July 2017, Pruco Life formed a joint venture with CT Corp to provide life insurance solutions in Indonesia. Pruco Life 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 Pruco Life 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. Pruco Life does not expect to make any payments on this guarantee and is not carrying any liabilities associated with the guarantee. Since 2001, Pruco Life 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, Pruco Life 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. Pruco Life has a liability of $32 million as of both March 31, 2024 and December 31, 2023, 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. Guarantees of Asset Values March 31, 2024 December 31, 2023 (in thousands) Guaranteed value of third-parties' assets $ 1,155,520 $ 311,302 Fair value of collateral supporting these assets $ 1,008,508 $ 287,621 Asset (liability) associated with guarantee, carried at fair value $ (208) $ 1 Certain contracts underwritten by Pruco Life include guarantees related to financial assets owned by the guaranteed party. These contracts are accounted for as derivatives and carried at fair value. The collateral supporting these guarantees is not reflected on the Unaudited Interim Consolidated Statements of Financial Position. 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, 2024, 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 16 to the Company's Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 , and should be read in conjunction with the complete descriptions provided in the Form 10-K. Individual Annuities and Individual Life California Advocates for Nursing Home Reform v. The Prudential Insurance Company of America and Pruco Life Insurance Company, et al. In February 2024, defendants removed the action from California state court to the United States District Court for the Northern District of California. 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, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Unaudited Interim Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) on a basis consistent with reporting interim financial information in accordance with instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (“SEC”). The Unaudited Interim Consolidated Financial Statements include the accounts of Pruco Life and entities over which the Company exercises control, including majority-owned subsidiaries. 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, 2023.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates include those used in determining 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 ("MRBs"); 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	Reclassifications Certain amounts in prior periods have been reclassified to conform to the current period presentation.
New Accounting Pronouncements	ASUs issued but not yet adopted as of March 31, 2024 Standard Description Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures This ASU requires entities, including those with a single operating or reportable segment, to provide more detailed information about significant segment expenses that are regularly provided to the chief operating decision maker. The ASU also clarifies that all of the disclosures required in the guidance apply to all public entities, including those with a single operating or reportable segment. Effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted, using the retrospective method. The Company is currently assessing the impact of the ASU on the Company's Consolidated Financial Statements and Notes to the Consolidated Financial Statements.

Organization, Consolidation and

Organization, Consolidation and Presentation of Financial Statements (Tables)	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Restatement of Unaudited Interim Consolidated Financial Statements	The following are selected line items from the Unaudited Interim Consolidated Financial Statements illustrating the effects of these adjustments: Unaudited Interim Consolidated Statements of Financial Position March 31, 2024 As Previously Reported Adjustment As Restated (in thousands) ASSETS Reinsurance recoverables $ 41,060,869 $ 63,663 $ 41,124,532 Income tax assets 1,896,793 13,001 1,909,794 TOTAL ASSETS $ 222,134,363 $ 76,664 $ 222,211,027 LIABILITIES AND EQUITY LIABILITIES Policyholders' account balances $ 57,677,780 $ 86,378 $ 57,764,158 Future policy benefits 23,362,318 49,799 23,412,117 Other liabilities 8,361,698 47,466 8,409,164 Total liabilities 218,428,690 183,643 218,612,333 EQUITY Retained earnings / (accumulated deficit) (968,394) (106,979) (1,075,373) Total equity 3,705,673 (106,979) 3,598,694 TOTAL LIABILITIES AND EQUITY $ 222,134,363 $ 76,664 $ 222,211,027 Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss) Three Months Ended March 31, 2024 As Previously Reported Adjustment As Restated (in thousands) REVENUES Policy charges and fee income $ 2,928,745 $ (19,540) $ 2,909,205 Realized investment gains (losses), net 108,643 (85,643) 23,000 TOTAL REVENUES 3,996,598 (105,183) 3,891,415 BENEFITS AND EXPENSES Policyholders’ benefits 4,091,801 14,607 4,106,408 Interest credited to policyholders’ account balances 224,258 292 224,550 General, administrative and other expenses 308,280 (102) 308,178 TOTAL BENEFITS AND EXPENSES 4,481,319 14,797 4,496,116 INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE (484,721) (119,980) (604,701) Income tax expense (benefit) (50,616) (13,001) (63,617) INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE (434,105) (106,979) (541,084) NET INCOME (LOSS) $ (434,262) $ (106,979) $ (541,241) Unaudited Interim Consolidated Statements of Equity Retained Earnings Total Equity As Previously Reported Adjustment As Restated As Previously Reported Adjustment As Restated (in thousands) Balance, December 31, 2023 $ (532,951) $ 0 $ (532,951) $ 4,521,425 $ 0 $ 4,521,425 Comprehensive income (loss): Net income (loss) (435,443) (106,979) (542,422) (434,262) (106,979) (541,241) Total comprehensive income (loss) 0 0 0 (846,784) (106,979) (953,763) Balance, March 31, 2024 $ (968,394) $ (106,979) $ (1,075,373) $ 3,705,673 $ (106,979) $ 3,598,694 Unaudited Interim Consolidated Statements of Cash Flows Three Months Ended March 31, 2024 As Previously Reported Adjustment As Restated (in thousands) CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) $ (434,262) $ (106,979) $ (541,241) Policy charges and fee income (3,067,235) 659,787 (2,407,448) Interest credited to policyholders’ account balances 224,258 292 224,550 Realized investment (gains) losses, net (108,643) 85,643 (23,000) Change in: Future policy benefits and other insurance liabilities 709,006 49,799 758,805 Reinsurance recoverables 415,037 (635,293) (220,256) Income taxes (51,422) (13,001) (64,423) Other, net 3,474,569 32,180 3,506,749 Cash flows from (used in) operating activities 618,197 72,428 690,625 CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from the sale/maturity/prepayment of: Ceded policy loans (175,584) 22,738 (152,846) Payments for the purchase/origination of: Ceded policy loans 46,827 (20,152) 26,675 Cash flows from (used in) investing activities (3,214,369) 2,586 (3,211,783) CASH FLOWS FROM FINANCING ACTIVITIES: Ceded policyholders’ account deposits (278,292) (78,113) (356,405) Ceded policyholders’ account withdrawals 236,285 3,099 239,384 Cash flows from (used in) financing activities 2,814,138 (75,014) 2,739,124

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2024 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 $ 1,010,188 $ 21,942 $ 83,145 $ 0 $ 948,985 Obligations of U.S. states and their political subdivisions 752,425 2,787 23,498 0 731,714 Foreign government bonds 323,945 1,146 57,467 0 267,624 U.S. public corporate securities 10,833,337 51,557 878,936 1,232 10,004,726 U.S. private corporate securities 5,256,562 20,051 294,191 185 4,982,237 Foreign public corporate securities 2,178,852 9,138 125,425 233 2,062,332 Foreign private corporate securities 5,154,303 69,870 452,413 0 4,771,760 Asset-backed securities(1) 3,024,574 26,682 8,452 0 3,042,804 Commercial mortgage-backed securities 893,912 4,163 63,558 0 834,517 Residential mortgage-backed securities(2) 393,342 1,824 10,381 0 384,785 Total fixed maturities, available-for-sale $ 29,821,440 $ 209,160 $ 1,997,466 $ 1,650 $ 28,031,484 (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. December 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 $ 1,009,937 $ 38,858 $ 73,508 $ 0 $ 975,287 Obligations of U.S. states and their political subdivisions 789,856 5,288 18,517 0 776,627 Foreign government bonds 330,830 1,840 50,684 0 281,986 U.S. public corporate securities 10,159,089 98,047 760,274 950 9,495,912 U.S. private corporate securities 5,207,699 37,435 254,828 812 4,989,494 Foreign public corporate securities 1,809,347 12,658 115,673 238 1,706,094 Foreign private corporate securities 4,902,391 109,806 381,215 0 4,630,982 Asset-backed securities(1) 2,016,028 23,035 11,512 1 2,027,550 Commercial mortgage-backed securities 913,347 4,776 66,345 0 851,778 Residential mortgage-backed securities(2) 399,542 4,016 7,481 7 396,070 Total fixed maturities, available-for-sale $ 27,538,066 $ 335,759 $ 1,740,037 $ 2,008 $ 26,131,780 (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 fixed maturity, available-for-sale 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, 2024 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 $ 97,935 $ 2,189 $ 206,348 $ 80,956 $ 304,283 $ 83,145 Obligations of U.S. states and their political subdivisions 223,854 2,020 222,390 21,478 446,244 23,498 Foreign government bonds 25,819 805 219,833 56,662 245,652 57,467 U.S. public corporate securities 1,923,127 32,957 5,440,539 845,953 7,363,666 878,910 U.S. private corporate securities 1,166,202 27,298 2,789,185 266,893 3,955,387 294,191 Foreign public corporate securities 240,006 1,856 949,080 123,377 1,189,086 125,233 Foreign private corporate securities 948,742 17,812 2,405,290 434,601 3,354,032 452,413 Asset-backed securities 552,452 2,424 342,617 6,028 895,069 8,452 Commercial mortgage-backed securities 22,085 39 585,189 63,519 607,274 63,558 Residential mortgage-backed securities 61,540 671 150,028 9,710 211,568 10,381 Total fixed maturities, available-for-sale $ 5,261,762 $ 88,071 $ 13,310,499 $ 1,909,177 $ 18,572,261 $ 1,997,248 December 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 $ 98,174 $ 945 $ 214,889 $ 72,563 $ 313,063 $ 73,508 Obligations of U.S. states and their political subdivisions 83,729 293 218,375 18,224 302,104 18,517 Foreign government bonds 10,226 116 233,757 50,568 243,983 50,684 U.S. public corporate securities 782,904 10,009 5,201,353 750,265 5,984,257 760,274 U.S. private corporate securities 707,674 16,613 2,794,697 238,181 3,502,371 254,794 Foreign public corporate securities 92,955 1,063 948,963 114,169 1,041,918 115,232 Foreign private corporate securities 429,212 8,035 2,461,367 373,180 2,890,579 381,215 Asset-backed securities 208,970 1,761 532,814 9,750 741,784 11,511 Commercial mortgage-backed securities 42,621 298 580,931 66,047 623,552 66,345 Residential mortgage-backed securities 35,904 435 124,956 7,046 160,860 7,481 Total fixed maturities, available-for-sale $ 2,492,369 $ 39,568 $ 13,312,102 $ 1,699,993 $ 15,804,471 $ 1,739,561
Fixed Maturities Classified by Contractual Maturity Date	The following table sets forth the amortized cost and fair value of fixed maturities, available-for-sale by contractual maturities, as of the date indicated: March 31, 2024 Amortized Cost Fair Value (in thousands) Fixed maturities, available-for-sale: Due in one year or less $ 1,729,699 $ 1,690,127 Due after one year through five years 9,365,511 9,041,701 Due after five years through ten years 6,980,612 6,650,110 Due after ten years 7,433,790 6,387,440 Asset-backed securities 3,024,574 3,042,804 Commercial mortgage-backed securities 893,912 834,517 Residential mortgage-backed securities 393,342 384,785 Total fixed maturities, available-for-sale $ 29,821,440 $ 28,031,484
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, available-for-sale, for the periods indicated: Three Months Ended March 31, 2024 2023 (in thousands) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 106,155 $ 60,373 Proceeds from maturities/prepayments 437,443 295,128 Gross investment gains from sales and maturities 937 2,672 Gross investment losses from sales and maturities (8,132) (11,938) Write-downs recognized in earnings(2) 0 3 (Addition to) release of allowance for credit losses 358 1,042 (1) Excludes activity from non-cash related proceeds due to the timing of trade settlements of $(8.7) million and $54.9 million for the three months ended March 31, 2024 and 2023, 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 available-for-sale securities, as of the dates indicated: Three Months Ended March 31, 2024 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in thousands) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 0 $ 2,000 $ 1 $ 0 $ 7 $ 2,008 Additions to allowance for credit losses not previously recorded 0 0 57 0 0 0 57 Reductions for securities sold during the period 0 0 (41) 0 0 0 (41) Additions (reductions) on securities with previous allowance 0 0 (845) (1) 0 (7) (853) Assets transferred to parent and affiliates 0 0 479 0 0 0 479 Balance, end of period $ 0 $ 0 $ 1,650 $ 0 $ 0 $ 0 $ 1,650 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
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, 2024 December 31, 2023 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Apartments/Multi-Family $ 1,640,502 26.0 % $ 1,578,785 25.7 % Hospitality 102,388 1.6 102,952 1.7 Industrial 2,390,837 37.9 2,486,230 40.4 Office 593,748 9.4 604,611 9.8 Other 660,992 10.5 456,720 7.4 Retail 351,806 5.5 363,706 5.9 Total commercial mortgage loans 5,740,273 90.9 5,593,004 90.9 Agricultural property loans 575,293 9.1 562,046 9.1 Total commercial mortgage and agricultural property loans 6,315,566 100.0 % 6,155,050 100.0 % Allowance for credit losses (42,682) (37,689) Total net commercial mortgage and agricultural property loans 6,272,884 6,117,361 Other loans: Other collateralized loans 6,978 5,360 Total other loans 6,978 5,360 Total net commercial mortgage and other loans $ 6,279,862 $ 6,122,721 The affiliated commercial mortgage loan included in "Commercial mortgage and other loans" at March 31, 2024 and December 31, 2023 were as follows: Maturity Date Interest Rate March 31, 2024 December 31, 2023 (in thousands) Affiliated Commercial Mortgage Loan 2025 9.83 % $ 70,741 $ 71,038
Allowance for Credit Losses	The following tables set forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated: Three Months Ended March 31, 2024 2023 Commercial Mortgage Loans Agricultural Property Loans Total Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Allowance, beginning of period $ 36,758 $ 931 $ 37,689 $ 19,665 $ 598 $ 20,263 Addition to (release of) allowance for expected losses 5,011 (18) 4,993 762 385 1,147 Allowance, end of period $ 41,769 $ 913 $ 42,682 $ 20,427 $ 983 $ 21,410
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, 2024 Amortized Cost by Origination Year 2024 2023 2022 2021 2020 Prior Revolving Loans Total (in thousands) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 968 $ 248,758 $ 245,290 $ 470,775 $ 109,045 $ 1,197,318 $ 0 $ 2,272,154 60%-69.99% 206,874 674,670 355,359 463,957 171,819 421,052 0 2,293,731 70%-79.99% 84,613 217,263 133,198 254,023 77,515 103,786 0 870,398 80% or greater 0 0 46,494 73,992 3,834 179,670 0 303,990 Total $ 292,455 $ 1,140,691 $ 780,341 $ 1,262,747 $ 362,213 $ 1,901,826 $ 0 $ 5,740,273 Debt Service Coverage Ratio: Greater than 1.2x $ 252,287 $ 1,036,927 $ 776,847 $ 1,262,747 $ 291,472 $ 1,759,044 $ 0 $ 5,379,324 1.0 - 1.2x 40,168 103,764 3,494 0 0 70,021 0 217,447 Less than 1.0x 0 0 0 0 70,741 72,761 0 143,502 Total $ 292,455 $ 1,140,691 $ 780,341 $ 1,262,747 $ 362,213 $ 1,901,826 $ 0 $ 5,740,273 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 7,035 $ 71,353 $ 168,560 $ 131,883 $ 25,686 $ 40,265 $ 21,184 $ 465,966 60%-69.99% 0 38,302 56,210 0 0 0 14,815 109,327 70%-79.99% 0 0 0 0 0 0 0 0 80% or greater 0 0 0 0 0 0 0 0 Total $ 7,035 $ 109,655 $ 224,770 $ 131,883 $ 25,686 $ 40,265 $ 35,999 $ 575,293 Debt Service Coverage Ratio: Greater than 1.2x $ 6,035 $ 109,655 $ 222,770 $ 130,187 $ 23,912 $ 40,265 $ 35,999 $ 568,823 1.0 - 1.2x 1,000 0 2,000 0 1,774 0 0 4,774 Less than 1.0x 0 0 0 1,696 0 0 0 1,696 Total $ 7,035 $ 109,655 $ 224,770 $ 131,883 $ 25,686 $ 40,265 $ 35,999 $ 575,293 December 31, 2023 Amortized Cost by Origination Year 2023 2022 2021 2020 2019 Prior Total (in thousands) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 249,037 $ 245,914 $ 482,718 $ 109,249 $ 265,053 $ 1,068,763 $ 2,420,734 60%-69.99% 675,153 355,984 449,878 172,721 225,803 206,237 2,085,776 70%-79.99% 218,015 133,343 255,299 77,812 20,924 86,806 792,199 80% or greater 0 47,555 73,702 3,817 16,508 152,713 294,295 Total $ 1,142,205 $ 782,796 $ 1,261,597 $ 363,599 $ 528,288 $ 1,514,519 $ 5,593,004 Debt Service Coverage Ratio: Greater than 1.2x $ 1,038,315 $ 779,282 $ 1,261,597 $ 292,561 $ 497,407 $ 1,402,831 $ 5,271,993 1.0 - 1.2x 103,890 3,514 0 0 15,632 40,521 163,557 Less than 1.0x 0 0 0 71,038 15,249 71,167 157,454 Total $ 1,142,205 $ 782,796 $ 1,261,597 $ 363,599 $ 528,288 $ 1,514,519 $ 5,593,004 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 73,774 $ 179,375 $ 132,042 $ 25,875 $ 15,824 $ 25,771 $ 452,661 60%-69.99% 47,489 56,210 0 0 0 0 103,699 70%-79.99% 5,686 0 0 0 0 0 5,686 80% or greater 0 0 0 0 0 0 0 Total $ 126,949 $ 235,585 $ 132,042 $ 25,875 $ 15,824 $ 25,771 $ 562,046 Debt Service Coverage Ratio: Greater than 1.2x $ 126,949 $ 233,585 $ 130,353 $ 24,063 $ 15,824 $ 25,771 $ 556,545 1.0 - 1.2x 0 2,000 0 1,812 0 0 3,812 Less than 1.0x 0 0 1,689 0 0 0 1,689 Total $ 126,949 $ 235,585 $ 132,042 $ 25,875 $ 15,824 $ 25,771 $ 562,046
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, 2024 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 $ 5,732,181 $ 0 $ 0 $ 8,092 $ 5,740,273 $ 8,092 Agricultural property loans 571,799 1,301 0 2,193 575,293 3,494 Other collateralized loans 6,978 0 0 0 6,978 0 Total $ 6,310,958 $ 1,301 $ 0 $ 10,285 $ 6,322,544 $ 11,586 (1) As of March 31, 2024, 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, 2023. December 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 $ 5,593,004 $ 0 $ 0 $ 0 $ 5,593,004 $ 0 Agricultural property loans 562,046 0 0 0 562,046 1,301 Other collateralized loans 5,360 0 0 0 5,360 0 Total $ 6,160,410 $ 0 $ 0 $ 0 $ 6,160,410 $ 1,301 (1) As of December 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, 2023.
Other Invested Assets	The following table sets forth the composition of “Other invested assets,” as of the dates indicated: March 31, 2024 December 31, 2023 (in thousands) LPs/LLCs: Equity method: Private equity $ 336,276 $ 333,863 Hedge funds 808,887 720,360 Real estate-related 95,718 83,339 Subtotal equity method 1,240,881 1,137,562 Fair value: Private equity 48,495 48,483 Hedge funds 76 137 Real estate-related 17,278 18,687 Subtotal fair value 65,849 67,307 Total LPs/LLCs 1,306,730 1,204,869 Derivative instruments 30,769 17,718 Other (1) 454 398 Total other invested assets $ 1,337,953 $ 1,222,985 (1) Assets consist of investments in separate account funds.
Accrued Investment Income	The following table sets forth the composition of “Accrued investment income,” as of the dates indicated: March 31, 2024 December 31, 2023 (in thousands) Fixed maturities $ 290,554 $ 272,031 Equity securities 381 220 Commercial mortgage and other loans 22,246 21,070 Policy loans 40,818 35,210 Other invested assets 39 43 Short-term investments and cash equivalents 7,016 5,264 Total accrued investment income $ 361,054 $ 333,838
Net Investment Income	The following table sets forth “Net investment income” by investment type, for the periods indicated: Three Months Ended March 31, 2024 2023 (in thousands) Fixed maturities, available-for-sale $ 338,809 $ 234,810 Fixed maturities, trading 31,669 17,874 Equity securities 3,747 2,777 Commercial mortgage and other loans 73,758 48,656 Policy loans 14,445 4,996 Other invested assets 23,320 26,099 Short-term investments and cash equivalents 46,315 31,176 Gross investment income 532,063 366,388 Less: investment expenses (26,743) (16,938) Net investment income $ 505,320 $ 349,450
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, 2024 2023 (in thousands) Fixed maturities(1) $ (6,837) $ (8,221) Commercial mortgage and other loans (5,781) (1,278) Other invested assets 15,511 5,627 Derivatives 20,454 (118,270) Short-term investments and cash equivalents (347) 1,463 Realized investment gains (losses), net $ 23,000 $ (120,679) (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, 2024 December 31, 2023 (in thousands) Fixed maturity securities, available-for-sale with an allowance $ 1,356 $ 1,987 Fixed maturity securities, available-for-sale without an allowance (1,789,662) (1,406,265) Derivatives designated as cash flow hedges(1) 39,113 11,934 Affiliated notes (8,033) (8,760) Other investments(2) (992) (1,089) Net unrealized gains (losses) on investments $ (1,758,218) $ (1,402,193) (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, 2024 December 31, 2023 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 $ 0 $ 0 $ 0 $ 486 $ 0 $ 486 U.S. public corporate securities 607 0 607 27,247 0 27,247 Foreign public corporate securities 3,091 0 3,091 13,101 0 13,101 Equity securities 0 0 0 177,476 0 177,476 Total cash collateral for loaned securities(1) $ 3,698 $ 0 $ 3,698 $ 218,310 $ 0 $ 218,310 (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, 2024
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, 2024 December 31, 2023 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 $ 3,019 $ 195 $ (516) $ 3,064 $ 0 $ (238) Foreign Currency Swaps 2,416,543 147,349 (46,895) 2,274,636 121,243 (54,044) Total Derivatives Designated as Hedge Accounting Instruments $ 2,419,562 $ 147,544 $ (47,411) $ 2,277,700 $ 121,243 $ (54,282) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 162,161,364 $ 7,808,155 $ (19,364,620) $ 163,179,764 $ 6,605,817 $ (17,820,436) Interest Rate Futures 744,500 0 0 1,332,600 3,055 (210) Interest Rate Options 29,568,000 203,431 (1,127,097) 29,738,000 189,112 (969,718) Interest Rate Forwards 1,458,000 34,869 (37,349) 1,458,000 741 (3,196) Foreign Currency Foreign Currency Forwards 807,186 4,853 (205) 744,576 1,772 (12,232) Credit Credit Default Swaps 615,500 11,100 0 643,280 7,727 0 Currency/Interest Rate Foreign Currency Swaps 2,311,489 116,038 (12,045) 2,237,331 96,618 (31,294) Equity Total Return Swaps 14,533,800 575,429 (807,207) 15,049,993 418,084 (803,452) Equity Options 60,275,790 3,123,188 (2,062,542) 49,247,510 1,600,335 (1,552,706) Equity Futures 341,590 0 0 418,973 1,232 (500) Synthetic GICs 1,155,520 1 (208) 311,302 1 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments $ 273,972,739 $ 11,877,064 $ (23,411,273) $ 264,361,329 $ 8,924,494 $ (21,193,744) Total Derivatives(1)(2) $ 276,392,301 $ 12,024,608 $ (23,458,684) $ 266,639,029 $ 9,045,737 $ (21,248,026) (1) Excludes embedded derivatives which contain multiple underlying risks. The fair value of these embedded derivatives was a net liability of $9,370 million and $7,402 million as of March 31, 2024 and December 31, 2023, respectively, primarily included in "Policyholders' account balances". (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, 2024 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 12,024,588 $ (11,993,839) $ 30,749 $ 0 $ 30,749 Securities purchased under agreements to resell 0 0 0 0 0 Total Assets $ 12,024,588 $ (11,993,839) $ 30,749 $ 0 $ 30,749 Offsetting of Financial Liabilities: Derivatives $ 23,458,684 $ (20,971,250) $ 2,487,434 $ (2,487,434) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 23,458,684 $ (20,971,250) $ 2,487,434 $ (2,487,434) $ 0 December 31, 2023 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 9,045,718 $ (9,028,019) $ 17,699 $ 0 $ 17,699 Securities purchased under agreements to resell 25,000 0 25,000 0 25,000 Total Assets $ 9,070,718 $ (9,028,019) $ 42,699 $ 0 $ 42,699 Offsetting of Financial Liabilities: Derivatives $ 21,248,026 $ (18,596,679) $ 2,651,347 $ (2,651,347) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 21,248,026 $ (18,596,679) $ 2,651,347 $ (2,651,347) $ 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, 2024 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 12,024,588 $ (11,993,839) $ 30,749 $ 0 $ 30,749 Securities purchased under agreements to resell 0 0 0 0 0 Total Assets $ 12,024,588 $ (11,993,839) $ 30,749 $ 0 $ 30,749 Offsetting of Financial Liabilities: Derivatives $ 23,458,684 $ (20,971,250) $ 2,487,434 $ (2,487,434) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 23,458,684 $ (20,971,250) $ 2,487,434 $ (2,487,434) $ 0 December 31, 2023 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 9,045,718 $ (9,028,019) $ 17,699 $ 0 $ 17,699 Securities purchased under agreements to resell 25,000 0 25,000 0 25,000 Total Assets $ 9,070,718 $ (9,028,019) $ 42,699 $ 0 $ 42,699 Offsetting of Financial Liabilities: Derivatives $ 21,248,026 $ (18,596,679) $ 2,651,347 $ (2,651,347) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 21,248,026 $ (18,596,679) $ 2,651,347 $ (2,651,347) $ 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, 2024 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 $ (63) $ 0 $ 11 Currency/Interest Rate (108) 0 10,728 12,346 27,168 Total cash flow hedges (107) 0 10,665 12,346 27,179 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 44,472 (855,925) 0 0 0 Currency 13,121 0 0 0 0 Currency/Interest Rate 31,976 0 0 183 0 Credit 7,886 0 0 0 0 Equity 1,426,177 (430,868) 0 0 0 Embedded Derivatives (1,503,071) 0 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments 20,561 (1,286,793) 0 183 0 Total $ 20,454 $ (1,286,793) $ 10,665 $ 12,529 $ 27,179 Three Months Ended March 31, 2023 Realized Investment Gains (Losses) 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)
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, 2023 $ 11,934 Amount recorded in AOCI Interest Rate (51) Currency/Interest Rate 50,134 Total amount recorded in AOCI 50,083 Amount reclassified from AOCI to income Interest Rate 62 Currency/Interest Rate (22,966) Total amount reclassified from AOCI to income (22,904) Balance, March 31, 2024 $ 39,113

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2024 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 $ 948,985 $ 0 $ $ 948,985 Obligations of U.S. states and their political subdivisions 0 731,714 0 731,714 Foreign government bonds 0 266,953 671 267,624 U.S. corporate public securities 0 10,004,726 0 10,004,726 U.S. corporate private securities 0 4,428,876 553,362 4,982,238 Foreign corporate public securities 0 2,055,367 6,965 2,062,332 Foreign corporate private securities 0 4,322,436 449,323 4,771,759 Asset-backed securities(2) 0 2,426,607 616,197 3,042,804 Commercial mortgage-backed securities 0 756,593 77,924 834,517 Residential mortgage-backed securities 0 384,785 0 384,785 Subtotal 0 26,327,042 1,704,442 28,031,484 Market risk benefit assets 0 0 2,536,843 2,536,843 Fixed maturities, trading 0 3,033,917 146,543 3,180,460 Equity securities 530,559 15,527 28,650 574,736 Short-term investments 220,814 329,339 3,351 553,504 Cash equivalents 297,705 1,611,967 0 1,909,672 Other invested assets(4) 31,401 11,993,206 1 (11,993,839) 30,769 Other assets 0 0 303,538 303,538 Reinsurance recoverables 0 0 96,442 96,442 Receivables from parent and affiliates 0 148,571 121,378 269,949 Subtotal excluding separate account assets 1,080,479 43,459,569 4,941,188 (11,993,839) 37,487,397 Separate account assets(5)(6) 199,149 116,193,959 7,894 116,401,002 Total assets $ 1,279,628 $ 159,653,528 $ 4,949,082 $ (11,993,839) $ 153,888,399 Market risk benefit liabilities $ 0 $ 0 $ 4,388,317 $ $ 4,388,317 Policyholders' account balances 0 0 9,752,538 9,752,538 Payables to parent and affiliates 0 23,450,922 0 (20,963,695) 2,487,227 Other liabilities(7) 7,555 17,519 207 (7,555) 17,726 Total liabilities $ 7,555 $ 23,468,441 $ 14,141,062 $ (20,971,250) $ 16,645,808 December 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 $ 975,287 $ 0 $ $ 975,287 Obligations of U.S. states and their political subdivisions 0 776,627 0 776,627 Foreign government bonds 0 281,304 682 281,986 U.S. corporate public securities 0 9,495,912 0 9,495,912 U.S. corporate private securities 0 4,476,258 513,236 4,989,494 Foreign corporate public securities 0 1,698,965 7,129 1,706,094 Foreign corporate private securities 0 4,137,004 493,978 4,630,982 Asset-backed securities(2) 0 1,928,428 99,122 2,027,550 Commercial mortgage-backed securities 0 773,663 78,115 851,778 Residential mortgage-backed securities 0 396,070 0 396,070 Subtotal 0 24,939,518 1,192,262 26,131,780 Market risk benefit assets 0 0 2,367,243 2,367,243 Fixed maturities, trading 0 2,762,398 34,048 2,796,446 Equity securities(3) 790,346 11,285 28,709 830,340 Short-term investments 31,879 280,228 1,759 313,866 Cash equivalents 447,396 1,196,729 0 1,644,125 Other invested assets(4) 23,432 9,022,304 1 (9,028,019) 17,718 Other assets 0 0 224,019 224,019 Reinsurance recoverables 0 0 69,745 69,745 Receivables from parent and affiliates 0 147,984 0 147,984 Subtotal excluding separate account assets 1,293,053 38,360,446 3,917,786 (9,028,019) 34,543,266 Separate account assets(5)(6) 176,239 113,747,569 5,985 113,929,793 Total assets $ 1,469,292 $ 152,108,015 $ 3,923,771 $ (9,028,019) $ 148,473,059 Market risk benefit liabilities $ 0 $ 0 $ 5,144,401 $ $ 5,144,401 Policyholders' account balances 0 0 7,689,929 7,689,929 Payables to parent and affiliates 0 21,239,770 0 (18,588,647) 2,651,123 Other liabilities(7) 8,032 6,340 0 (8,032) 6,340 Total liabilities $ 8,032 $ 21,246,110 $ 12,834,330 $ (18,596,679) $ 15,491,793 (1) “Netting” amounts represent cash collateral of $(8,977) million and $(9,569) million as of March 31, 2024 and December 31, 2023, 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) Equity securities excluded from the fair value hierarchy include a fund for which fair value is measured at net asset value ("NAV") per share (or its equivalent) as a practical expedient. As of December 31, 2023, the fair value of this investment was $14.6 million. (4) 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 NAV per share (or its equivalent) as a practical expedient. As of March 31, 2024 and December 31, 2023, the fair value of such investments was $66 million and $67 million, respectively. (5) 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. (6) 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. As of March 31, 2024 and December 31, 2023, the fair value of such investments was $5,494 million and $5,259 million, respectively. (7) Other liabilities includes embedded derivatives associated with reinsurance agreements.
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, 2024 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Average Impact of (in thousands) Assets: Corporate securities(2) $ 804,470 Discounted cash flow Discount rate 6.92 % 20 % 11.64 % Decrease Commercial mortgage-backed securities $ 77,924 Discounted cash flow Liquidity premium 0.60 % 0.75 % 0.68 % Decrease Market risk benefit assets(3) $ 2,536,843 Discounted cash flow Lapse rate(4) 1 % 20 % Increase Spread over SOFR(5) 0.33 % 1.80 % Increase Utilization rate(6) 38 % 95 % Decrease Withdrawal rate See table footnote (7) below. Mortality rate(8) 0 % 15 % Increase Equity volatility curve 15 % 25 % Decrease Other assets $ 303,538 Discounted cash flow Lapse rate(4) 1 % 80 % Increase Spread over SOFR(5) 0.33 % 1.80 % Increase Mortality rate(8) 0 % 23 % Increase Option Budget(10) (1) % 7 % Decrease Liabilities: Market risk benefit liabilities(3) $ 4,388,317 Discounted cash flow Lapse rate(4) 1 % 20 % Decrease Spread over SOFR(5) 0.33 % 1.80 % Decrease Utilization rate(6) 38 % 95 % Increase Withdrawal rate See table footnote (7) below. Mortality rate(8) 0 % 15 % Decrease Equity volatility curve 15 % 25 % Increase Policyholders' account balances(9) $ 9,752,538 Discounted cash flow Lapse rate(4) 1 % 80 % Decrease Spread over SOFR(5) 0.33 % 1.80 % Decrease Mortality rate(8) 0 % 23 % Decrease Option budget(10) (1) % 7 % Increase December 31, 2023 Fair Value Valuation Unobservable Minimum Maximum Weighted Impact of (in thousands) Assets: Corporate securities(2) $ 81,635 Discounted cash flow Discount rate 6.98 % 20 % 9.73 % Decrease Liquidation Liquidation value 63.62 % 63.62 % 63.62 % Increase Commercial mortgage-backed securities $ 78,115 Discounted cash flow Liquidity premium 0.60 % 0.75 % 0.71 % Decrease Market risk benefit assets(3) $ 2,367,243 Discounted cash flow Lapse rate(4) 1 % 20 % Increase Spread over SOFR(5) 0.41 % 1.91 % Increase Utilization rate(6) 38 % 95 % Decrease Withdrawal rate See table footnote (7) below. Mortality rate(8) 0 % 15 % Increase Equity volatility curve 15 % 25 % Decrease Other assets $ 224,019 Discounted cash flow Lapse rate(4) 1 % 80 % Increase Spread over SOFR(5) 0.41 % 1.85 % Increase Mortality rate(8) 0 % 23 % Increase Option Budget(10) (1) % 7 % Decrease Liabilities: Market risk benefit liabilities(3) $ 5,144,401 Discounted cash flow Lapse rate(4) 1 % 20 % Decrease Spread over SOFR(5) 0.41 % 1.91 % Decrease Utilization rate(6) 38 % 95 % Increase Withdrawal rate See table footnote (7) below. Mortality rate(8) 0 % 15 % Decrease Equity volatility curve 15 % 25 % Increase Policyholders' account balances(9) $ 7,689,929 Discounted cash flow Lapse rate(4) 1 % 80 % Decrease Spread over SOFR(5) 0.41 % 1.85 % Decrease Mortality rate(8) 0 % 23 % Decrease Option budget(10) (1) % 7 % 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) Market risk benefits primarily represent fair value for all living benefit guarantees including accumulation, 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. (4) 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 balances. (5) The spread over the Secured Overnight Financing Rate (“SOFR”) swap curve represents the premium added to the proxy for the risk-free rate (SOFR) 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, 2024 and December 31, 2023, respectively. This spread includes an estimate of non-performance risk ("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 are insurance liabilities and are therefore senior to debt. Effective April 2023, the Company entered into an agreement with The Ohio National Life Insurance Company, now known as AuguStar Life Insurance Company ("AuguStar"), an affiliate of Constellation Insurance Holdings, Inc., to reinsure approximately $10 billion of account values of Prudential Defined Income ("PDI") traditional variable annuity contracts with guaranteed living and death benefits. See Note 11 for additional information regarding this transaction. As a result of this transaction, a ceded MRB asset balance was established to fair value the reinsurance reimbursements to the Company. The establishment of the fair value also required an estimate of NPR for AuguStar, which may differ from the Company's; however, the NPR spreads for AuguStar were developed using a methodology similar to that of the Company. (6) 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. (7) The withdrawal rate assumption estimates the magnitude of annual contractholder withdrawals relative to the maximum allowable amount under the contract. These assumptions vary based on the age of the contractholder, the tax status of the contract and the duration since the contractholder began lifetime withdrawals. As of March 31, 2024 and December 31, 2023, the minimum withdrawal rate assumption is 81% and the maximum withdrawal rate assumption may be greater than 100%. The fair value of the liability will generally increase the closer the withdrawal rate is to 100% and decrease as the withdrawal rate moves further away from 100%. (8) 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. (9) Policyholders’ account balances primarily represent general account liabilities for the index-linked interest credited on certain of the Company’s life and annuity products that are accounted for as embedded derivatives. Since the valuation methodology for these liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than a weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (10) 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 budget 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 (excluding MRBs disclosed in Note 10). 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, 2024(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 $ 682 $ (11) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 671 $ (13) Corporate securities(3) 1,014,343 (10,790) 125,041 (65,052) 0 (53,892) 0 0 0 1,009,650 (9,602) Structured securities(4) 177,237 (139) 484,340 0 0 (1,895) 0 34,578 0 694,121 (280) Other assets: Fixed maturities, trading 34,048 (848) 113,343 0 0 0 0 0 0 146,543 (848) Equity securities 28,709 (332) 273 0 0 0 0 0 0 28,650 (332) Other invested assets 1 1 (1) 0 0 0 0 0 0 1 1 Short-term investments 1,759 (316) 2,002 0 0 (94) 0 0 0 3,351 (316) Other assets 224,019 37,007 55,706 0 0 (13,194) 0 0 0 303,538 23,814 Receivables from parent and affiliates 0 0 121,378 0 0 0 0 0 0 121,378 0 Reinsurance recoverables(5) 69,745 (5,521) 32,218 0 0 0 0 0 0 96,442 (35,090) Separate account assets 5,985 199 2,633 (1,256) 0 (125) 0 458 0 7,894 200 Liabilities: Policyholders' account balances(5) (7,689,929) (1,503,024) 0 0 (560,398) 0 813 0 0 (9,752,538) (142,507) Other liabilities 0 (207) 0 0 0 0 0 0 0 (207) (207) Three Months Ended March 31, 2024 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 $ (1,696) $ 0 $ 0 $ (9,842) $ 598 $ 626 $ 0 $ 0 $ (10,521) Other assets: Fixed maturities, trading 0 (848) 0 0 0 0 (848) 0 0 Equity securities 0 (332) 0 0 0 0 (332) 0 0 Other invested assets 1 0 0 0 0 1 0 0 0 Short-term investments (316) 0 0 0 0 (316) 0 0 0 Other assets 37,007 0 0 0 0 23,814 0 0 0 Reinsurance recoverables (5,521) 0 0 0 0 (35,090) 0 0 0 Separate account assets 0 0 199 0 0 0 0 200 0 Liabilities: Policyholders' account balances (1,503,024) 0 0 0 0 (142,507) 0 0 0 Other liabilities (207) 0 0 0 0 (207) 0 0 0 Don't delete hidden table Don't delete hidden table 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 recoverables 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 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 recoverables 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 (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, and foreign corporate private securities. (4) Includes asset-backed and commercial mortgage-backed securities. (5) Purchases/issuances and settlements for Policyholders' account balances and Reinsurance recoverables are presented net in the rollforward. (6) Excludes MRB assets of $2,537 million and $1,427 million and MRB liabilities of $4,388 million and $5,622 million for period ending March 31, 2024 and 2023, respectively. See Note 10 for additional information.
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 (excluding MRBs disclosed in Note 10). 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, 2024(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 $ 682 $ (11) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 671 $ (13) Corporate securities(3) 1,014,343 (10,790) 125,041 (65,052) 0 (53,892) 0 0 0 1,009,650 (9,602) Structured securities(4) 177,237 (139) 484,340 0 0 (1,895) 0 34,578 0 694,121 (280) Other assets: Fixed maturities, trading 34,048 (848) 113,343 0 0 0 0 0 0 146,543 (848) Equity securities 28,709 (332) 273 0 0 0 0 0 0 28,650 (332) Other invested assets 1 1 (1) 0 0 0 0 0 0 1 1 Short-term investments 1,759 (316) 2,002 0 0 (94) 0 0 0 3,351 (316) Other assets 224,019 37,007 55,706 0 0 (13,194) 0 0 0 303,538 23,814 Receivables from parent and affiliates 0 0 121,378 0 0 0 0 0 0 121,378 0 Reinsurance recoverables(5) 69,745 (5,521) 32,218 0 0 0 0 0 0 96,442 (35,090) Separate account assets 5,985 199 2,633 (1,256) 0 (125) 0 458 0 7,894 200 Liabilities: Policyholders' account balances(5) (7,689,929) (1,503,024) 0 0 (560,398) 0 813 0 0 (9,752,538) (142,507) Other liabilities 0 (207) 0 0 0 0 0 0 0 (207) (207) Three Months Ended March 31, 2024 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 $ (1,696) $ 0 $ 0 $ (9,842) $ 598 $ 626 $ 0 $ 0 $ (10,521) Other assets: Fixed maturities, trading 0 (848) 0 0 0 0 (848) 0 0 Equity securities 0 (332) 0 0 0 0 (332) 0 0 Other invested assets 1 0 0 0 0 1 0 0 0 Short-term investments (316) 0 0 0 0 (316) 0 0 0 Other assets 37,007 0 0 0 0 23,814 0 0 0 Reinsurance recoverables (5,521) 0 0 0 0 (35,090) 0 0 0 Separate account assets 0 0 199 0 0 0 0 200 0 Liabilities: Policyholders' account balances (1,503,024) 0 0 0 0 (142,507) 0 0 0 Other liabilities (207) 0 0 0 0 (207) 0 0 0 Don't delete hidden table Don't delete hidden table 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 recoverables 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 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 recoverables 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 (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, and foreign corporate private securities. (4) Includes asset-backed and commercial mortgage-backed securities. (5) Purchases/issuances and settlements for Policyholders' account balances and Reinsurance recoverables are presented net in the rollforward. (6) Excludes MRB assets of $2,537 million and $1,427 million and MRB liabilities of $4,388 million and $5,622 million for period ending March 31, 2024 and 2023, respectively. See Note 10 for additional information.
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, 2024 Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in thousands) Assets: Commercial mortgage and other loans $ 0 $ 0 $ 6,039,321 $ 6,039,321 $ 6,279,862 Policy loans 0 0 1,496,241 1,496,241 1,496,241 Short-term investments 120,007 0 0 120,007 120,007 Cash and cash equivalents 448,086 0 0 448,086 448,086 Accrued investment income 0 361,054 0 361,054 361,054 Reinsurance recoverables 0 0 21,774 21,774 23,385 Receivables from parent and affiliates 0 244,305 0 244,305 244,305 Other assets 0 50,157 1,737,800 1,787,957 1,787,957 Total assets $ 568,093 $ 655,516 $ 9,295,136 $ 10,518,745 $ 10,760,897 Liabilities: Policyholders’ account balances - investment contracts $ 0 $ 912,874 $ 6,803,977 $ 7,716,851 $ 7,733,251 Cash collateral for loaned securities 0 3,698 0 3,698 3,698 Short-term debt to affiliates 0 179,115 0 179,115 179,115 Payables to parent and affiliates 0 73,514 0 73,514 73,514 Other liabilities 0 2,352,465 32,423 2,384,888 2,384,888 Total liabilities $ 0 $ 3,521,666 $ 6,836,400 $ 10,358,066 $ 10,374,466 December 31, 2023 Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in thousands) Assets: Commercial mortgage and other loans $ 0 $ 0 $ 5,918,386 $ 5,918,386 $ 6,122,721 Policy loans 0 0 1,472,677 1,472,677 1,472,677 Short-term investments 66,500 0 0 66,500 66,500 Cash and cash equivalents 470,668 24,999 0 495,667 495,667 Accrued investment income 0 333,838 0 333,838 333,838 Reinsurance recoverables 0 0 22,155 22,155 23,537 Receivables from parent and affiliates 0 184,599 0 184,599 184,599 Other assets 0 80,646 1,489,983 1,570,629 1,570,629 Total assets $ 537,168 $ 624,082 $ 8,903,201 $ 10,064,451 $ 10,270,168 Liabilities: Policyholders’ account balances - investment contracts $ 0 $ 955,647 $ 5,396,885 $ 6,352,532 $ 6,368,061 Cash collateral for loaned securities 0 218,310 0 218,310 218,310 Short-term debt to affiliates 0 176,110 0 176,110 180,411 Payables to parent and affiliates 0 16,573 0 16,573 16,573 Other liabilities 0 2,121,861 32,423 2,154,284 2,154,283 Total liabilities $ 0 $ 3,488,501 $ 5,429,308 $ 8,917,809 $ 8,937,638 (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, 2024
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: Three Months Ended March 31, 2024 Fixed Annuities Variable Annuities Term Life Variable / Universal Life Total (in thousands) Balance, beginning of period $ 197,937 $ 3,257,761 $ 743,888 $ 2,897,925 $ 7,097,511 Capitalization 64,744 78,335 43,874 144,813 331,766 Amortization expense (8,725) (84,320) (18,180) (34,581) (145,806) Other(1) 0 0 0 (38,017) (38,017) Balance, end of period $ 253,956 $ 3,251,776 $ 769,582 $ 2,970,140 $ 7,245,454 (1) Other includes the impact of the Universal Life reinsurance transaction with Prudential Arizona Reinsurance Universal Company (“PAR U”) and PURE. See Note 11 for additional information. Three Months Ended 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
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: Three Months Ended March 31, 2024 Variable Annuities Term Life Total (in thousands) Balance, beginning of period $ 194,110 $ 61,003 $ 255,113 Amortization expense (7,040) (1,971) (9,011) Other 1 0 1 Balance, end of period $ 187,071 $ 59,032 $ 246,103 Three Months Ended 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
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: Three Months Ended March 31, 2024 Fixed Annuities Variable Annuities Variable / Universal Life Total (in thousands) Balance, beginning of period $ 48,073 $ 261,721 $ 1,363,496 $ 1,673,290 Amortization (2,688) (5,056) (30,644) (38,388) Other(1) (9) (40) 1,099,832 1,099,783 Balance, end of period $ 45,376 $ 256,625 $ 2,432,684 $ 2,734,685 (1) Other includes the impact of the Universal Life reinsurance transaction with PAR U, PURE and Prudential Insurance, including $1,216 million of DRG, partially offset by a $116 million write-off. See Note 11 for additional information. Three Months Ended March 31, 2023 Fixed Annuities Variable Annuities Variable / Universal Life Total (in thousands) Balance, beginning of period $ 57,898 $ 0 $ 1,434,958 $ 1,492,856 Amortization (1,622) 0 (18,096) (19,718) Balance, end of period $ 56,276 $ 0 $ 1,416,862 $ 1,473,138
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: Three Months Ended March 31, 2024 2023 Variable Annuities (in thousands) Balance, beginning of period $ 351,424 $ 381,504 Capitalization 1,253 1,540 Amortization expense (7,784) (8,218) Balance, end of period $ 344,893 $ 374,826

Separate Accounts (Tables)

Separate Accounts (Tables)	3 Months Ended
	Mar. 31, 2024
Insurance [Abstract]
Separate Account Assets	The aggregate fair value of assets, by major investment asset category, supporting separate accounts is as follows: March 31, 2024 December 31, 2023 (in thousands) Asset Type: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 3,226 $ 2,954 U.S. corporate securities 8,510 9,504 Foreign corporate securities 1,857 1,763 Asset-backed securities 950 0 Mortgage-backed securities 180 186 Mutual funds: Equity 76,205,304 72,614,821 Fixed Income 35,761,710 37,065,162 Other 4,275,354 4,101,661 Equity securities 114,738 104,159 Other invested assets 5,496,400 5,258,900 Short-term investments 2,367 2,126 Cash and cash equivalents 24,427 27,249 Total $ 121,895,023 $ 119,188,485
Separate Account Liabilities	The balances of and changes in separate account liabilities as of and for the periods indicated are as follows: Three Months Ended March 31, 2024 Variable Annuities Variable Life Total (in thousands) Balance, beginning of period $ 92,383,121 $ 26,805,364 $ 119,188,485 Deposits 149,538 697,390 846,928 Investment performance 4,150,157 2,023,976 6,174,133 Policy charges (557,722) (220,783) (778,505) Surrenders and withdrawals (3,293,055) (116,910) (3,409,965) Benefit payments (15,282) (73,731) (89,013) Net transfers (to) from general account 6,723 (84,803) (78,080) Other 877 40,163 41,040 Balance, end of period $ 92,824,357 $ 29,070,666 $ 121,895,023 Cash surrender value(1) $ 91,713,815 $ 25,802,599 $ 117,516,414 Three Months Ended 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) 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, 2024
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. Three Months Ended March 31, 2024 Present Value of Expected Net Premiums Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 10,927,833 $ 0 $ 10,927,833 Effect of cumulative changes in discount rate assumptions, beginning of period 225,711 0 225,711 Balance at original discount rate, beginning of period 11,153,544 0 11,153,544 Effect of actual variances from expected experience and other activity (54,196) (290) (54,486) Adjusted balance, beginning of period 11,099,348 (290) 11,099,058 Issuances 192,492 8,595 201,087 Net premiums / considerations collected (329,743) (8,305) (338,048) Interest accrual 129,053 0 129,053 Other adjustments (78) 0 (78) Balance at original discount rate, end of period 11,091,072 0 11,091,072 Effect of cumulative changes in discount rate assumptions, end of period (434,791) 0 (434,791) Balance, end of period $ 10,656,281 $ 0 $ 10,656,281 Three Months Ended March 31, 2024 Present Value of Expected Future Policy Benefits Term Life Fixed Annuities Total (in thousands) Balance, beginning of period $ 18,426,207 $ 228,788 $ 18,654,995 Effect of cumulative changes in discount rate assumptions, beginning of period 331,571 19,521 351,092 Balance at original discount rate, beginning of period 18,757,778 248,309 19,006,087 Effect of actual variances from expected experience and other activity (65,431) (369) (65,800) Adjusted balance, beginning of period 18,692,347 247,940 18,940,287 Issuances 192,492 8,595 201,087 Interest accrual 223,989 2,204 226,193 Benefit payments (368,247) (7,544) (375,791) Other adjustments (23) (34) (57) Balance at original discount rate, end of period 18,740,558 251,161 18,991,719 Effect of cumulative changes in discount rate assumptions, end of period (742,789) (23,464) (766,253) Balance, end of period $ 17,997,769 $ 227,697 $ 18,225,466 Other, end of period 1,675 Total balance, end of period $ 18,227,141 Three Months Ended March 31, 2024 Net Liability for Future Policy Benefits Term Life Fixed Annuities Total (in thousands) Balance, end of period, pre-flooring $ 7,341,488 $ 227,697 $ 7,569,185 Flooring impact, end of period 44 0 44 Balance, end of period, post-flooring 7,341,532 227,697 7,569,229 Less: Reinsurance recoverables 6,650,332 18,428 6,668,760 Balance after reinsurance recoverables, end of period, post-flooring $ 691,200 $ 209,269 $ 900,469 Three Months Ended 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 Three Months Ended 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 and other activity (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 Three Months Ended 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 recoverables 6,719,094 17,336 6,736,430 Balance after reinsurance recoverables, end of period, post-flooring $ 493,628 $ 198,146 $ 691,774 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: Three Months Ended March 31, 2024 Term Life Fixed Annuities ($ in thousands) Undiscounted expected future gross premiums $ 21,812,112 $ 0 Discounted expected future gross premiums (at original discount rate) $ 14,968,218 $ 0 Discounted expected future gross premiums (at current discount rate) $ 14,408,614 $ 0 Undiscounted expected future benefits and expenses $ 29,069,972 $ 336,830 Interest accrual $ 94,935 $ 2,204 Gross premiums $ 446,853 $ 8,572 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) 5.16 % 3.76 % Weighted-average interest rate (at current discount rate) 5.29 % 5.26 % Three Months Ended 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 % The balances of and changes in DPL as of and for the periods indicated are as follows: Three Months Ended March 31, 2024 2023 Fixed Annuities (in thousands) Balance, beginning of period, post-flooring $ 14,818 $ 18,193 Effect of actual variances from expected experience and other activity 330 (951) Adjusted balance, beginning of period 15,148 17,242 Profits deferred 216 1,856 Interest accrual 133 182 Amortization (456) (541) Other adjustments (3) (8) Balance, end of period, post-flooring 15,038 18,731 Less: Reinsurance recoverables 1,576 1,545 Balance after reinsurance recoverables, end of period $ 13,462 $ 17,186 The following table provides supplemental information related to the balances of and changes in DPL, included in the disaggregated table above, on a gross (direct and assumed) basis, as of and for the period indicated: Three Months Ended March 31, 2024 2023 Fixed Annuities (in thousands) Revenue(1) $ (221) $ (539) Interest accrual 133 182 (1) Represents the gross premiums collected in changes in DPL. The following table shows a rollforward of AIR balances for variable and universal life products for the periods indicated: Three Months Ended March 31, 2024 2023 (in thousands) Balance, including amounts in AOCI, beginning of period, post-flooring $ 14,280,793 $ 12,664,445 Flooring impact and amounts in AOCI 831,583 1,269,237 Balance, excluding amounts in AOCI, beginning of period, pre-flooring 15,112,376 13,933,682 Effect of actual variances from expected experience and other activity 191,103 (32,188) Adjusted balance, beginning of period 15,303,479 13,901,494 Assessments collected(1) 297,419 267,869 Interest accrual 128,241 117,307 Benefits paid (68,233) (71,551) Balance, excluding amounts in AOCI, end of period, pre-flooring 15,660,906 14,215,119 Flooring impact and amounts in AOCI (1,014,852) (962,417) Balance, including amounts in AOCI, end of period, post-flooring 14,646,054 13,252,702 Less: Reinsurance recoverables 14,466,067 13,029,847 Balance after reinsurance recoverables, including amounts in AOCI, end of period $ 179,987 $ 222,855 (1) Represents the portion of gross assessments required to fund the future policy benefits. Three Months Ended March 31, 2024 2023 ($ in thousands) Interest accrual $ 128,241 $ 117,307 Gross assessments $ 419,396 $ 427,489 Weighted-average duration of the liability in years (at original discount rate) 22 22 Weighted-average interest rate (at original discount rate) 3.39 % 3.38 % The following table presents the reconciliation of the ending balances from the above rollforwards, Benefit Reserves, DPL, and AIR, 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: Three Months Ended March 31, 2024 2023 (in thousands) Benefit reserves, end of period, post-flooring $ 7,569,229 $ 7,428,204 Deferred profit liability, end of period, post-flooring 15,038 18,731 Additional insurance reserves, including amounts in AOCI, end of period, post-flooring 14,646,054 13,252,702 Subtotal of amounts disclosed above 22,230,321 20,699,637 Other Future policy benefits reserves(1) 1,181,796 1,059,906 Total Future policy benefits $ 23,412,117 $ 21,759,543 (1) Primarily 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, DPL, and AIR, 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: Three Months Ended March 31, 2024 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 446,853 $ 0 $ 8,572 $ 455,425 Deferred profit liability 0 0 (221) (221) Additional insurance reserves 0 419,396 0 419,396 Total $ 446,853 $ 419,396 $ 8,351 $ 874,600 Three Months Ended March 31, 2023 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 449,968 $ 0 $ 10,891 $ 460,859 Deferred profit liability 0 0 (539) (539) Additional insurance reserves 0 427,489 0 427,489 Total $ 449,968 $ 427,489 $ 10,352 $ 887,809 (1) Represents "Gross premiums" for benefit reserves; "Revenue" for DPL and "Gross assessments" for AIR. Three Months Ended March 31, 2024 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 94,935 $ 0 $ 2,204 $ 97,139 Deferred profit liability 0 0 133 133 Additional insurance reserves 0 128,241 0 128,241 Total $ 94,935 $ 128,241 $ 2,337 $ 225,513 Three Months Ended March 31, 2023 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 92,508 $ 0 $ 2,137 $ 94,645 Deferred profit liability 0 0 182 182 Additional insurance reserves 0 117,307 0 117,307 Total $ 92,508 $ 117,307 $ 2,319 $ 212,134

Policyholders' Liabilities (Tab

Policyholders' Liabilities (Tables)	3 Months Ended
	Mar. 31, 2024
Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities [Abstract]
Policyholder Account Balance	The balances of and changes in policyholders' account balances as of and for the periods ended are as follows: Three Months Ended March 31, 2024 Fixed Annuities Variable Annuities Variable Life / Universal Life Total ($ in thousands) Balance, beginning of period $ 6,164,313 $ 22,836,765 $ 20,167,713 $ 49,168,791 Deposits 1,553,852 1,624,956 529,212 3,708,020 Interest credited 43,517 98,143 138,059 279,719 Policy charges 2,208 (3,702) (455,538) (457,032) Surrenders and withdrawals (103,696) (179,988) (199,907) (483,591) Benefit payments (12,879) (4,926) (17,856) (35,661) Net transfers (to) from separate account 0 (6,723) 84,803 78,080 Change in market value and other adjustments(1) 88,291 1,368,024 37,169 1,493,484 Balance, end of period 7,735,606 25,732,549 20,283,655 53,751,810 Unearned revenue reserve 3,908,497 Other 103,851 Total Policyholders' account balance $ 57,764,158 Weighted-average crediting rate 2.50 % 1.62 % 2.73 % 2.17 % Net amount at risk(2) $ 18 $ 0 $ 327,231,561 $ 327,231,579 Cash surrender value(3) $ 6,674,346 $ 23,282,269 $ 18,899,950 $ 48,856,565 Three Months Ended March 31, 2023 Fixed Annuities(4) Variable Annuities Variable Life / Universal Life Total ($ in thousands) Balance, beginning of period $ 3,575,824 $ 16,432,032 $ 18,736,365 $ 38,744,221 Deposits 564,236 948,987 530,381 2,043,604 Interest credited 11,996 78,629 141,753 232,378 Policy charges (118) (5,729) (451,990) (457,837) Surrenders and withdrawals (43,158) (113,424) (216,334) (372,916) Benefit payments (10,215) (10,624) (24,771) (45,610) Net transfers (to) from separate account 0 10,253 24,911 35,164 Change in market value and other adjustments(1) 9,343 191,448 84,425 285,216 Balance, end of period 4,107,908 17,531,572 18,824,740 40,464,220 Unearned revenue reserve 3,234,755 Other(4) 100,146 Total Policyholders' account balance $ 43,799,121 Weighted-average crediting rate 1.25 % 1.85 % 3.02 % 2.35 % Net amount at risk(2) $ 7 $ 0 $ 308,975,503 $ 308,975,510 Cash surrender value(3) $ 3,459,140 $ 15,338,366 $ 17,242,003 $ 36,039,509 (1) Primarily relates to changes in the value of embedded derivative instruments associated with the indexed options of certain products. (2) The net amount at risk calculation includes both general and separate account balances. (3) Represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. (4) Prior period amounts have been updated to conform to current period presentation.
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, 2024 Range of Guaranteed Minimum Crediting Rate (1) 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) Fixed Annuities Less than 1.00% $ 285 $ 1,923 $ 6,312 $ 621,391 $ 629,911 1.00% - 1.99% 473,330 72,870 217,461 80,120 843,781 2.00% - 2.99% 300,163 465,693 564,226 15,919 1,346,001 3.00% - 4.00% 324,553 1,941 2,156 241 328,891 Greater than 4.00% 0 0 0 0 0 Total $ 1,098,331 $ 542,427 $ 790,155 $ 717,671 $ 3,148,584 Variable Annuities Less than 1.00% $ 865,767 $ 727,194 $ 69,871 $ 195 $ 1,663,027 1.00% - 1.99% 216,457 23,819 924 0 241,200 2.00% - 2.99% 20,916 4,192 4,174 0 29,282 3.00% - 4.00% 878,815 6,926 0 0 885,741 Greater than 4.00% 2,066 0 0 0 2,066 Total $ 1,984,021 $ 762,131 $ 74,969 $ 195 $ 2,821,316 Variable Life / Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 184,308 $ 184,308 1.00% - 1.99% 226,470 0 1,661,933 1,514,100 3,402,503 2.00% - 2.99% 29,823 1,462,438 2,854,281 201,794 4,548,336 3.00% - 4.00% 3,904,574 2,376,925 918,116 0 7,199,615 Greater than 4.00% 2,127,526 0 0 0 2,127,526 Total $ 6,288,393 $ 3,839,363 $ 5,434,330 $ 1,900,202 $ 17,462,288 March 31, 2023 Range of Guaranteed Minimum Crediting Rate (1) 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) Fixed Annuities(2) Less than 1.00% $ 0 $ 23 $ 27 $ 0 $ 50 1.00% - 1.99% 515,521 74,533 251,361 84,016 925,431 2.00% - 2.99% 235,746 210,897 26,904 10,805 484,352 3.00% - 4.00% 36,010 0 0 0 36,010 Greater than 4.00% 0 0 0 0 0 Total $ 787,277 $ 285,453 $ 278,292 $ 94,821 $ 1,445,843 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 Life / 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 (1) Excludes contracts without minimum guaranteed crediting rates, such as funds with indexed-linked crediting options. (2) Prior period amounts have been updated to conform to current period presentation.
Additional Liability, Long-Duration Insurance	: Three Months Ended March 31, 2024 2023 Variable Life / Universal Life (in thousands) Balance, beginning of period $ 3,741,426 $ 3,067,335 Unearned revenue 211,542 200,262 Amortization expense (44,470) (32,752) Other adjustments (1) (90) Balance, end of period $ 3,908,497 $ 3,234,755 Less: Reinsurance recoverables 1,762,417 1,583,054 Balance after reinsurance recoverables, end of period $ 2,146,080 $ 1,651,701

Market Risk Benefits (Tables)

Market Risk Benefits (Tables)	3 Months Ended
	Mar. 31, 2024
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: Three Months Ended March 31, 2024 Variable Annuities Less: Reinsured Market Risk Benefits Total, Net of Reinsurance (in thousands) Balance, beginning of period $ 3,694,950 $ (917,792) $ 2,777,158 Effect of cumulative changes in non-performance risk 1,068,035 0 1,068,035 Balance, beginning of period, before effect of changes in 4,762,985 (917,792) 3,845,193 Attributed fees collected 281,171 (66,967) 214,204 Claims paid (16,417) 1,511 (14,906) Interest accrual 68,360 (15,642) 52,718 Actual in force different from expected 2,495 (4,539) (2,044) Effect of changes in interest rates (832,834) 180,022 (652,812) Effect of changes in equity markets (846,759) 87,042 (759,717) Issuances 12,766 (619) 12,147 Other adjustments 13,017 (603) 12,414 Effect of changes in current period counterparty non-performance risk 0 (26,662) (26,662) Balance, end of period, before effect of changes in non-performance risk 3,444,784 (764,249) 2,680,535 Effect of cumulative changes in non-performance risk (829,061) 0 (829,061) Balance, end of period $ 2,615,723 $ (764,249) $ 1,851,474 Three Months Ended 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 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) Other adjustments 77,790 0 77,790 Effect of changes in current period counterparty non-performance risk 0 18,297 18,297 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 The following table presents accompanying information to the rollforward table above. March 31, 2024 March 31, 2023 Variable Annuities ($ in thousands) Net amount at risk(1) $ 8,350,431 $ 10,414,717 Weighted-average attained age of contractholders 70 69 (1) For contracts with multiple benefit features, the highest net amount at risk for each contract is included. The table below reconciles MRB asset and liability positions as of the following dates: March 31, 2024 March 31, 2023 Variable Annuities (in thousands) Direct and assumed $ 1,472,957 $ 880,131 Ceded 1,063,886 547,357 Total market risk benefit assets $ 2,536,843 $ 1,427,488 Direct and assumed $ 4,088,679 $ 5,498,342 Ceded 299,638 123,339 Total market risk benefit liabilities $ 4,388,317 $ 5,621,681 Net liability $ 1,851,474 $ 4,194,193

Reinsurance (Tables)

Reinsurance (Tables)	3 Months Ended
	Mar. 31, 2024
Reinsurance Disclosures [Abstract]
Reinsurance Impact on Statements of Financial Position	Reinsurance amounts included in the Company’s Unaudited Interim Consolidated Statements of Financial Position were as follows: March 31, 2024 December 31, 2023 (in thousands) Reinsurance recoverables $ 41,124,532 $ 38,709,651 Policy loans (1,094,070) (1,082,584) Deferred policy acquisition costs (3,190,663) (3,195,161) Deferred sales inducements (34,683) (35,313) Market risk benefit assets 1,064,022 1,165,378 Other assets 2,198,467 1,897,410 Policyholders’ account balances 5,901,708 5,977,108 Future policy benefits 7,109,698 7,026,209 Market risk benefit liabilities 302,169 249,538 Other liabilities 7,703,446 4,397,862 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, 2024 December 31, 2023 (in thousands) Deferred policy acquisition costs $ 68,424 $ 71,315 Market risk benefit assets 715,512 745,662 Other assets 2,099,315 1,795,422 Policyholders’ account balances 1,817,895 1,830,579 Future policy benefits 130 453 Market risk benefit liabilities 157,687 131,594 Other liabilities 2,179,341 1,915,205
Reinsurance Recoverable by Counterparty	Reinsurance recoverables by counterparty are as follows: March 31, 2024 December 31, 2023 (in thousands) PAR U $ 18,869,883 $ 15,722,061 PURC 0 7,565,968 PARCC 2,212,090 2,304,270 GUL Re 0 3,211,899 PAR Term 2,048,613 2,101,004 Prudential Insurance 4,060,181 1,311,525 Term Re 2,040,735 2,080,564 Lotus Re 2,062,495 2,051,831 DART 779,290 744,043 PURE 7,475,955 0 Unaffiliated 1,575,290 1,616,486 Total reinsurance recoverables $ 41,124,532 $ 38,709,651
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, 2024 2023 (in thousands) Premiums: Direct $ 459,628 $ 462,067 Assumed 33 (156) Ceded (367,479) (385,255) Net premiums 92,182 76,656 Policy charges and fee income: Direct 771,189 735,938 Assumed 258,770 152,600 Ceded 1,879,246 (502,047) Net policy charges and fee income 2,909,205 386,491 Net investment income: Direct 519,052 350,323 Assumed 330 343 Ceded (14,062) (1,216) Net investment income(1) 505,320 349,450 Asset administration fees: Direct 82,688 80,356 Assumed 0 0 Ceded (26,056) (16,154) Net asset administration fees 56,632 64,202 Other income (loss): Direct 44,816 225,734 Assumed 325 (293) Ceded 168,344 19,406 Net other income (loss)(1) 213,485 244,847 Realized investment gains (losses), net: Direct 12,356 (245,923) Assumed (9,167) 138,666 Ceded 19,811 (13,422) Realized investment gains (losses), net(1) 23,000 (120,679) Change in value of market risk benefits, net of related hedging gain (loss): Direct 313,886 33,120 Assumed (466) (6,217) Ceded (221,829) (6,701) Net change in value of market risk benefits, net of related hedging gain (loss) 91,591 20,202 Policyholders’ benefits (including change in reserves): Direct 1,001,446 878,785 Assumed 287,411 317,287 Ceded 2,817,551 (1,090,890) Net policyholders’ benefits (including change in reserves)(1) 4,106,408 105,182 Three Months Ended March 31, 2024 2023 Change in estimates of liability for future policy benefits: Direct 139,586 (48,501) Assumed (9,510) 1,807 Ceded (142,081) 42,292 Net change in estimates of liability for future policy benefits (12,005) (4,402) Interest credited to policyholders’ account balances: Direct 278,390 222,575 Assumed 46,148 38,506 Ceded (99,988) (100,859) Net interest credited to policyholders’ account balances 224,550 160,222 Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization (390,143) (117,830) (1) Amounts include reinsurance agreements using the deposit method of accounting. 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, 2024 2023 (in thousands) Premiums: Assumed $ 30 $ (166) Ceded (25,152) (16,575) Policy charges and fee income: Assumed 272 540 Ceded (42,012) (23,938) Net investment income(1): Ceded 0 10,920 Asset administration fees: Ceded (7,316) 0 Other income (loss)(1): Assumed 429 (293) Ceded 21,804 1,622 Realized investment gains (losses), net(1): Assumed (9,167) 138,666 Ceded 25,225 (14,581) Change in value of market risk benefits, net of related hedging gain (loss): Assumed (466) (6,217) Ceded (98,008) (4,773) Policyholders’ benefits (including change in reserves)(1): Assumed 333 91 Ceded (146,828) (27,702) Change in estimates of liability for future policy benefits: Ceded 91,873 0 Interest credited to policyholders’ account balances: Assumed 17,459 7,469 (1) Amounts include reinsurance agreements using the deposit method of accounting.
Gross and Net Life Insurance in Force	The gross and net amounts of life insurance face amount in force as of March 31, 2024 and 2023 were as follows: 2024 2023 (in thousands) Direct gross life insurance face amount in force $ 1,136,350,824 $ 1,098,986,043 Assumed gross life insurance face amount in force 35,289,794 36,379,128 Reinsurance ceded (1,034,508,027) (1,012,593,512) Net life insurance face amount in force $ 137,132,591 $ 122,771,659

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2024 and 2023, 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, 2023 $ (18,085) $ (927,778) $ 71,195 $ 843,748 $ (30,920) Change in OCI before reclassifications (2,362) (297,240) 32,830 (238,974) (505,746) Amounts reclassified from AOCI 0 (16,067) 0 0 (16,067) Income tax benefit (expense) 212 65,788 (6,894) 50,185 109,291 Balance, March 31, 2024 $ (20,235) $ (1,175,297) $ 97,131 $ 654,959 $ (443,442) 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 (1) Includes cash flow hedges of $39 million and $12 million as of March 31, 2024 and December 31, 2023, respectively, and $118 million and $139 million as of March 31, 2023 and December 31, 2022, respectively .
Reclassification out of Accumulated Other Comprehensive Income	Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended 2024 2023 (in thousands) Amounts reclassified from AOCI(1)(2): Net unrealized investment gains (losses): Cash flow hedges - Currency/Interest rate(3) $ 22,904 $ 3,770 Net unrealized investment gains (losses) on available-for-sale securities (6,837) (8,221) Total net unrealized investment gains (losses)(4) 16,067 (4,451) Total reclassifications for the period $ 16,067 $ (4,451) (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 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 Investment Gains (Losses) on Available-for-Sale Fixed Maturity Securities on Which an Allowance for Credit Losses has been Recognized Net Unrealized Other Costs(2) Future Policy Benefits, Policyholders' Account Balances and Other Liabilities(3) Income Tax Accumulated (in thousands) Balance, December 31, 2023 $ 1,987 $ (1,404,180) $ (801,351) $ 1,029,098 $ 246,668 $ (927,778) Net investment gains (losses) on investments arising during the period (596) (339,362) 0 0 71,420 (268,538) Reclassification adjustment for (gains) losses included in net income (9) (16,058) 0 0 3,375 (12,692) Reclassification due to allowance for credit losses recorded during the period (26) 26 0 0 0 0 Impact of net unrealized investment (gains) losses 0 0 (184,494) 227,212 (9,007) 33,711 Balance, March 31, 2024 $ 1,356 $ (1,759,574) $ (985,845) $ 1,256,310 $ 312,456 $ (1,175,297) (1) Includes cash flow hedges. See Note 4 for information on cash flow hedges. (2) "Other costs" primarily includes reinsurance recoverables and DRL. (3)

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
Affiliated Notes Receivable	Affiliated notes receivable included in “Receivables from parent and affiliates” at March 31, 2024 and December 31, 2023 is as follows: Maturity Dates Interest Rates March 31, 2024 December 31, 2023 (in thousands) U.S. dollar fixed rate notes 2025 - 2032 0.00% - 14.85 % $ 269,949 $ 147,984 Total notes receivable - affiliated(1) $ 269,949 $ 147,984 (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, 2024 December 31, 2023 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Apartments/Multi-Family $ 1,640,502 26.0 % $ 1,578,785 25.7 % Hospitality 102,388 1.6 102,952 1.7 Industrial 2,390,837 37.9 2,486,230 40.4 Office 593,748 9.4 604,611 9.8 Other 660,992 10.5 456,720 7.4 Retail 351,806 5.5 363,706 5.9 Total commercial mortgage loans 5,740,273 90.9 5,593,004 90.9 Agricultural property loans 575,293 9.1 562,046 9.1 Total commercial mortgage and agricultural property loans 6,315,566 100.0 % 6,155,050 100.0 % Allowance for credit losses (42,682) (37,689) Total net commercial mortgage and agricultural property loans 6,272,884 6,117,361 Other loans: Other collateralized loans 6,978 5,360 Total other loans 6,978 5,360 Total net commercial mortgage and other loans $ 6,279,862 $ 6,122,721 The affiliated commercial mortgage loan included in "Commercial mortgage and other loans" at March 31, 2024 and December 31, 2023 were as follows: Maturity Date Interest Rate March 31, 2024 December 31, 2023 (in thousands) Affiliated Commercial Mortgage Loan 2025 9.83 % $ 70,741 $ 71,038
Affiliated Asset Transfers	The table below shows affiliated asset trades for the three months ended March 31, 2024 and for the year ended December 31, 2023. Affiliate Date Transaction Security Type Fair Value Book Value APIC, Net of Tax Increase/(Decrease) Realized (in thousands) 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 PURC April 2023 Purchase Fixed Maturities $ 102,804 $ 102,804 $ 0 $ 0 Term Re June 2023 Purchase Fixed Maturities $ 115,573 $ 115,573 $ 0 $ 0 Prudential Insurance June 2023 Purchase Fixed Maturities $ 4,298 $ 4,443 $ 114 $ 0 Prudential Insurance June 2023 Purchase Fixed Maturities $ 4,394 $ 4,494 $ 80 $ 0 Prudential Insurance June 2023 Purchase Fixed Maturities $ 19,453 $ 19,203 $ (198) $ 0 Prudential Insurance June 2023 Purchase Fixed Maturities $ 14,452 $ 15,086 $ 502 $ 0 Prudential Insurance September 2023 Purchase Fixed Maturities $ 15,880 $ 15,801 $ (62) $ 0 Prudential Insurance December 2023 Sale Commercial Mortgage and Other Loans $ 762 $ 754 $ 0 $ 8 PAR U January 2024 Transfer in Fixed Maturities $ 1,598,161 $ 1,598,161 $ 0 $ 0 PAR U January 2024 Transfer in Fixed Maturities $ 778,745 $ 778,745 $ 0 $ 0 PURC January 2024 Transfer in Fixed Maturities $ 2,155,560 $ 2,155,560 $ 0 $ 0 GUL Re January 2024 Transfer in Fixed Maturities $ 1,685,582 $ 1,685,582 $ 0 $ 0 GUL Re January 2024 Transfer in Fixed Maturities $ 4,976 $ 4,976 $ 0 $ 0 PURE January 2024 Transfer out Fixed Maturities $ 1,598,161 $ 1,598,161 $ 0 $ 0 PURE January 2024 Transfer out Fixed Maturities $ 778,745 $ 778,745 $ 0 $ 0 PURE January 2024 Transfer out Fixed Maturities $ 2,155,560 $ 2,155,560 $ 0 $ 0 PURE January 2024 Transfer out Fixed Maturities $ 1,685,582 $ 1,685,582 $ 0 $ 0 PURE January 2024 Transfer out Fixed Maturities $ 4,976 $ 4,976 $ 0 $ 0 Ironbound January 2024 Purchase Other Invested Assets $ 60,414 $ 60,414 $ 0 $ 0 Windhill CLO 1, Ltd. February 2024 Sale Fixed Maturities $ 18,428 $ 18,858 $ 0 $ (430) Windhill CLO 2, Ltd. February 2024 Sale Fixed Maturities $ 19,652 $ 20,057 $ 0 $ (405) PAR Term February 2024 Purchase Fixed Maturities $ 43,084 $ 43,084 $ 0 $ 0 Windhill CLO 1, Ltd. March 2024 Sale Fixed Maturities $ 10,148 $ 10,387 $ 0 $ (239) Windhill CLO 2, Ltd. March 2024 Sale Fixed Maturities $ 14,763 $ 15,091 $ 0 $ (328) Prudential Insurance March 2024 Purchase Fixed Maturities $ 198,804 $ 206,285 $ 5,910 $ 0 PAR U March 2024 Transfer in Other Invested Assets $ 188,500 $ 188,500 $ 0 $ 0 PURE March 2024 Transfer out Other Invested Assets $ 188,500 $ 188,500 $ 0 $ 0
Debt Agreements	The following table provides the breakout of the Company's short-term debt. There is no long-term debt to affiliates as of March 31, 2024 and December 31, 2023. Affiliate Date Amount of Notes - March 31, 2024 Amount of Notes - December 31, 2023 Interest Rate Date of Maturity (in thousands) Prudential Insurance 8/13/2021 $ 94,271 $ 94,953 3.95 % 6/20/2024 Prudential Insurance 8/13/2021 37,707 37,981 3.95 % 6/20/2024 Prudential Insurance 8/13/2021 47,137 47,477 3.95 % 6/20/2024 Total Loans Payable to Affiliates(1) $ 179,115 $ 180,411 (1) Includes $179 million and $180 million of loans reclassified as current portion of long-term debt as of March 31, 2024 and December 31, 2023, respectively.

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Guarantees	Guarantees of Asset Values March 31, 2024 December 31, 2023 (in thousands) Guaranteed value of third-parties' assets $ 1,155,520 $ 311,302 Fair value of collateral supporting these assets $ 1,008,508 $ 287,621 Asset (liability) associated with guarantee, carried at fair value $ (208) $ 1

Business and Basis of Present_2

Business and Basis of Presentation (Narrative) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) subsidiary
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number Of Subsidiaries | subsidiary	1
Pretax charge increase from PHAB of indexed variable annuity products
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Restatement adjustment	$ 86
Misclassification of certain affiliated ceded activity within the Statement of Cash Flows
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Restatement adjustment	$ 75

Business and Basis of Present_3

Business and Basis of Presentation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023		Dec. 31, 2023
ASSETS
Reinsurance recoverables	$ 41,124,532			$ 38,709,651
Income tax assets	1,909,794			1,737,651
TOTAL ASSETS	222,211,027			213,309,041
LIABILITIES
Policyholders’ account balances	57,764,158	$ 43,799,121		53,012,800
Future policy benefits	23,412,117	21,759,543		23,205,205
Other liabilities	8,409,164			5,170,308
Total liabilities	218,612,333			208,787,616
EQUITY
Retained earnings / (accumulated deficit)	(1,075,373)			(532,951)
Total equity	3,598,694			4,521,425
TOTAL LIABILITIES AND EQUITY	222,211,027			213,309,041
REVENUES
Policy charges and fee income	2,909,205	386,491
Realized Investment gains (losses), net	23,000	(120,679)
TOTAL REVENUES	3,891,415	1,021,169
BENEFITS AND EXPENSES
Policyholders' benefits	4,106,408	105,182
Interest credited to policyholders’ account balances	224,550	160,222
General, administrative and other expenses	308,178	286,647
TOTAL BENEFITS AND EXPENSES	4,496,116	685,144
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE	(604,701)	336,025
Income tax expense (benefit)	(63,617)	56,239
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE	(541,084)	279,786
NET INCOME (LOSS)	(541,241)	279,679
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	4,521,425
Comprehensive income (loss):
Net Income (Loss)	(541,241)	279,679
Total Comprehensive Income (Loss)	(953,763)	696,383
Ending Balance	3,598,694
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	(541,241)	279,679
Policy charges and fee income	(2,407,448)	17,704
Interest credited to policyholders’ account balances	224,550	160,222
Realized investment (gains) losses, net	(23,000)	120,679
Change in:
Future policy benefits and other insurance liabilities	758,805	484,712
Reinsurance recoverables	(220,256)	(45,521)
Income taxes	(64,423)	55,566
Other, net	3,506,749	(76,628)
Cash flows from (used in) operating activities	690,625	584,554
Proceeds from the sale/maturity/prepayment of:
Ceded policy loans	(152,846)	(36,100)
Payments for the purchase/origination of:
Ceded policy loans	26,675	27,008
Cash flows from (used in) investing activities	(3,211,783)	(2,402,024)
CASH FLOWS FROM FINANCING ACTIVITIES:
Ceded policyholders’ account deposits	(356,405)	(299,058)
Ceded policyholders’ account withdrawals	239,384	158,338
Cash flows from (used in) financing activities	2,739,124	1,908,598
Retained Earnings
EQUITY
Total equity	(1,075,373)	(714,475)		(532,951)
BENEFITS AND EXPENSES
NET INCOME (LOSS)	(542,422)	279,679
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(532,951)	(994,154)	[1]
Comprehensive income (loss):
Net Income (Loss)	(542,422)	279,679
Total Comprehensive Income (Loss)	0
Ending Balance	(1,075,373)	(714,475)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	(542,422)	279,679
Total  Equity
EQUITY
Total equity	3,598,694	6,139,448		4,521,425
BENEFITS AND EXPENSES
NET INCOME (LOSS)	(541,241)	279,679
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	4,521,425	5,036,195	[1]
Comprehensive income (loss):
Net Income (Loss)	(541,241)	279,679
Total Comprehensive Income (Loss)	(953,763)	696,383
Ending Balance	3,598,694	6,139,448
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	(541,241)	$ 279,679
As Previously Reported
ASSETS
Reinsurance recoverables	41,060,869
Income tax assets	1,896,793
TOTAL ASSETS	222,134,363
LIABILITIES
Policyholders’ account balances	57,677,780
Future policy benefits	23,362,318
Other liabilities	8,361,698
Total liabilities	218,428,690
EQUITY
Retained earnings / (accumulated deficit)	(968,394)
Total equity	3,705,673
TOTAL LIABILITIES AND EQUITY	222,134,363
REVENUES
Policy charges and fee income	2,928,745
Realized Investment gains (losses), net	108,643
TOTAL REVENUES	3,996,598
BENEFITS AND EXPENSES
Policyholders' benefits	4,091,801
Interest credited to policyholders’ account balances	224,258
General, administrative and other expenses	308,280
TOTAL BENEFITS AND EXPENSES	4,481,319
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE	(484,721)
Income tax expense (benefit)	(50,616)
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE	(434,105)
NET INCOME (LOSS)	(434,262)
Comprehensive income (loss):
Net Income (Loss)	(434,262)
Ending Balance	3,705,673
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	(434,262)
Policy charges and fee income	(3,067,235)
Interest credited to policyholders’ account balances	224,258
Realized investment (gains) losses, net	(108,643)
Change in:
Future policy benefits and other insurance liabilities	709,006
Reinsurance recoverables	415,037
Income taxes	(51,422)
Other, net	3,474,569
Cash flows from (used in) operating activities	618,197
Proceeds from the sale/maturity/prepayment of:
Ceded policy loans	(175,584)
Payments for the purchase/origination of:
Ceded policy loans	46,827
Cash flows from (used in) investing activities	(3,214,369)
CASH FLOWS FROM FINANCING ACTIVITIES:
Ceded policyholders’ account deposits	(278,292)
Ceded policyholders’ account withdrawals	236,285
Cash flows from (used in) financing activities	2,814,138
As Previously Reported | Retained Earnings
EQUITY
Total equity	(968,394)			(532,951)
BENEFITS AND EXPENSES
NET INCOME (LOSS)	(435,443)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(532,951)
Comprehensive income (loss):
Net Income (Loss)	(435,443)
Total Comprehensive Income (Loss)	0
Ending Balance	(968,394)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	(435,443)
As Previously Reported | Total  Equity
EQUITY
Total equity	3,705,673			4,521,425
BENEFITS AND EXPENSES
NET INCOME (LOSS)	(434,262)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	4,521,425
Comprehensive income (loss):
Net Income (Loss)	(434,262)
Total Comprehensive Income (Loss)	(846,784)
Ending Balance	3,705,673
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	(434,262)
Adjustment
ASSETS
Reinsurance recoverables	63,663
Income tax assets	13,001
TOTAL ASSETS	76,664
LIABILITIES
Policyholders’ account balances	86,378
Future policy benefits	49,799
Other liabilities	47,466
Total liabilities	183,643
EQUITY
Retained earnings / (accumulated deficit)	(106,979)
Total equity	(106,979)
TOTAL LIABILITIES AND EQUITY	76,664
REVENUES
Policy charges and fee income	(19,540)
Realized Investment gains (losses), net	(85,643)
TOTAL REVENUES	(105,183)
BENEFITS AND EXPENSES
Policyholders' benefits	14,607
Interest credited to policyholders’ account balances	292
General, administrative and other expenses	(102)
TOTAL BENEFITS AND EXPENSES	14,797
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE	(119,980)
Income tax expense (benefit)	(13,001)
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE	(106,979)
NET INCOME (LOSS)	(106,979)
Comprehensive income (loss):
Net Income (Loss)	(106,979)
Ending Balance	(106,979)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	(106,979)
Policy charges and fee income	659,787
Interest credited to policyholders’ account balances	292
Realized investment (gains) losses, net	85,643
Change in:
Future policy benefits and other insurance liabilities	49,799
Reinsurance recoverables	(635,293)
Income taxes	(13,001)
Other, net	32,180
Cash flows from (used in) operating activities	72,428
Proceeds from the sale/maturity/prepayment of:
Ceded policy loans	22,738
Payments for the purchase/origination of:
Ceded policy loans	(20,152)
Cash flows from (used in) investing activities	2,586
CASH FLOWS FROM FINANCING ACTIVITIES:
Ceded policyholders’ account deposits	(78,113)
Ceded policyholders’ account withdrawals	3,099
Cash flows from (used in) financing activities	(75,014)
Adjustment | Retained Earnings
EQUITY
Total equity	(106,979)			0
BENEFITS AND EXPENSES
NET INCOME (LOSS)	(106,979)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	0
Comprehensive income (loss):
Net Income (Loss)	(106,979)
Total Comprehensive Income (Loss)	0
Ending Balance	(106,979)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	(106,979)
Adjustment | Total  Equity
EQUITY
Total equity	(106,979)			$ 0
BENEFITS AND EXPENSES
NET INCOME (LOSS)	(106,979)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	0
Comprehensive income (loss):
Net Income (Loss)	(106,979)
Total Comprehensive Income (Loss)	(106,979)
Ending Balance	(106,979)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	$ (106,979)
[1]Prior period amounts reflect the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Investments (Fixed Maturities S

Investments (Fixed Maturities Securities Excluding Investments Classified as Trading) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 29,821,440	$ 27,538,066
Gross Unrealized Gains	209,160	335,759
Gross Unrealized Losses	1,997,466	1,740,037
Allowance for Credit Losses	1,650	2,008
Fair Value	28,031,484	26,131,780
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,010,188	1,009,937
Gross Unrealized Gains	21,942	38,858
Gross Unrealized Losses	83,145	73,508
Allowance for Credit Losses	0	0
Fair Value	948,985	975,287
Obligations of U.S. states and their political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	752,425	789,856
Gross Unrealized Gains	2,787	5,288
Gross Unrealized Losses	23,498	18,517
Allowance for Credit Losses	0	0
Fair Value	731,714	776,627
Foreign government bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	323,945	330,830
Gross Unrealized Gains	1,146	1,840
Gross Unrealized Losses	57,467	50,684
Allowance for Credit Losses	0	0
Fair Value	267,624	281,986
U.S. public corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	10,833,337	10,159,089
Gross Unrealized Gains	51,557	98,047
Gross Unrealized Losses	878,936	760,274
Allowance for Credit Losses	1,232	950
Fair Value	10,004,726	9,495,912
U.S. private corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	5,256,562	5,207,699
Gross Unrealized Gains	20,051	37,435
Gross Unrealized Losses	294,191	254,828
Allowance for Credit Losses	185	812
Fair Value	4,982,237	4,989,494
Foreign public corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,178,852	1,809,347
Gross Unrealized Gains	9,138	12,658
Gross Unrealized Losses	125,425	115,673
Allowance for Credit Losses	233	238
Fair Value	2,062,332	1,706,094
Foreign private corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	5,154,303	4,902,391
Gross Unrealized Gains	69,870	109,806
Gross Unrealized Losses	452,413	381,215
Allowance for Credit Losses	0	0
Fair Value	4,771,760	4,630,982
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,024,574	2,016,028
Gross Unrealized Gains	26,682	23,035
Gross Unrealized Losses	8,452	11,512
Allowance for Credit Losses	0	1
Fair Value	3,042,804	2,027,550
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	893,912	913,347
Gross Unrealized Gains	4,163	4,776
Gross Unrealized Losses	63,558	66,345
Allowance for Credit Losses	0	0
Fair Value	834,517	851,778
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	393,342	399,542
Gross Unrealized Gains	1,824	4,016
Gross Unrealized Losses	10,381	7,481
Allowance for Credit Losses	0	7
Fair Value	$ 384,785	$ 396,070

Investments (Fair Value and Los

Investments (Fair Value and Losses by Investment Category and Length of Time in a Loss Position) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	$ 5,261,762	$ 2,492,369
Less than Twelve Months, Gross Unrealized Losses	88,071	39,568
Twelve Months or More, Fair Value	13,310,499	13,312,102
Twelve Months or More, Gross Unrealized Losses	1,909,177	1,699,993
Total, Fair Value	18,572,261	15,804,471
Total, Gross Unrealized Losses	1,997,248	1,739,561
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	97,935	98,174
Less than Twelve Months, Gross Unrealized Losses	2,189	945
Twelve Months or More, Fair Value	206,348	214,889
Twelve Months or More, Gross Unrealized Losses	80,956	72,563
Total, Fair Value	304,283	313,063
Total, Gross Unrealized Losses	83,145	73,508
Obligations of U.S. states and their political subdivisions
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	223,854	83,729
Less than Twelve Months, Gross Unrealized Losses	2,020	293
Twelve Months or More, Fair Value	222,390	218,375
Twelve Months or More, Gross Unrealized Losses	21,478	18,224
Total, Fair Value	446,244	302,104
Total, Gross Unrealized Losses	23,498	18,517
Foreign government bonds
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	25,819	10,226
Less than Twelve Months, Gross Unrealized Losses	805	116
Twelve Months or More, Fair Value	219,833	233,757
Twelve Months or More, Gross Unrealized Losses	56,662	50,568
Total, Fair Value	245,652	243,983
Total, Gross Unrealized Losses	57,467	50,684
U.S. public corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	1,923,127	782,904
Less than Twelve Months, Gross Unrealized Losses	32,957	10,009
Twelve Months or More, Fair Value	5,440,539	5,201,353
Twelve Months or More, Gross Unrealized Losses	845,953	750,265
Total, Fair Value	7,363,666	5,984,257
Total, Gross Unrealized Losses	878,910	760,274
U.S. private corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	1,166,202	707,674
Less than Twelve Months, Gross Unrealized Losses	27,298	16,613
Twelve Months or More, Fair Value	2,789,185	2,794,697
Twelve Months or More, Gross Unrealized Losses	266,893	238,181
Total, Fair Value	3,955,387	3,502,371
Total, Gross Unrealized Losses	294,191	254,794
Foreign public corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	240,006	92,955
Less than Twelve Months, Gross Unrealized Losses	1,856	1,063
Twelve Months or More, Fair Value	949,080	948,963
Twelve Months or More, Gross Unrealized Losses	123,377	114,169
Total, Fair Value	1,189,086	1,041,918
Total, Gross Unrealized Losses	125,233	115,232
Foreign private corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	948,742	429,212
Less than Twelve Months, Gross Unrealized Losses	17,812	8,035
Twelve Months or More, Fair Value	2,405,290	2,461,367
Twelve Months or More, Gross Unrealized Losses	434,601	373,180
Total, Fair Value	3,354,032	2,890,579
Total, Gross Unrealized Losses	452,413	381,215
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	552,452	208,970
Less than Twelve Months, Gross Unrealized Losses	2,424	1,761
Twelve Months or More, Fair Value	342,617	532,814
Twelve Months or More, Gross Unrealized Losses	6,028	9,750
Total, Fair Value	895,069	741,784
Total, Gross Unrealized Losses	8,452	11,511
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	22,085	42,621
Less than Twelve Months, Gross Unrealized Losses	39	298
Twelve Months or More, Fair Value	585,189	580,931
Twelve Months or More, Gross Unrealized Losses	63,519	66,047
Total, Fair Value	607,274	623,552
Total, Gross Unrealized Losses	63,558	66,345
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	61,540	35,904
Less than Twelve Months, Gross Unrealized Losses	671	435
Twelve Months or More, Fair Value	150,028	124,956
Twelve Months or More, Gross Unrealized Losses	9,710	7,046
Total, Fair Value	211,568	160,860
Total, Gross Unrealized Losses	$ 10,381	$ 7,481

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Schedule of Investments [Line Items]
Loans acquired	$ 0	$ 0
Loans sold	0	0
Gross Unrealized Losses	1,997,248		$ 1,739,561
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
Twelve Months or More, Gross Unrealized Losses	1,909,177		1,699,993
Loans on non-accrual status, recognized in interest income	3,000		0
Commercial mortgage loans | Extended Maturity
Schedule of Investments [Line Items]
Financing Receivable, Modified in Period, Amount	$ 8,000
Financing Receivable, Modified in Period, to Total Financing Receivables, Percentage	1%
Financing Receivable, Modified, Weighted Average Term Increase from Modification	1 year
NAIC high or highest quality rating | Fixed maturities
Schedule of Investments [Line Items]
Gross Unrealized Losses	$ 1,872,000		1,634,000
NAIC other than high or highest quality rating | Fixed maturities
Schedule of Investments [Line Items]
Gross Unrealized Losses	$ 126,000		106,000
California
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	27%
Texas
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	10%
Colorado
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	5%
Europe
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	9%
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)	$ (81,300)	96,100
Other Income | Equity securities
Schedule of Investments [Line Items]
Net unrealized investment gains (losses)	(12,200)	$ 9,200
Fixed maturities
Schedule of Investments [Line Items]
Twelve Months or More, Gross Unrealized Losses	$ 1,909,000		$ 1,700,000

Investments (Amortized Cost and

Investments (Amortized Cost and Fair Value of Fixed Maturities by Contractual Maturities) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Amortized Cost
Due in one year or less	$ 1,729,699
Due after one year through five years	9,365,511
Due after five years through ten years	6,980,612
Due after ten years	7,433,790
Amortized Cost	29,821,440	$ 27,538,066
Fair Value
Due in one year or less	1,690,127
Due after one year through five years	9,041,701
Due after five years through ten years	6,650,110
Due after ten years	6,387,440
Fair Value	28,031,484	26,131,780
Asset-backed securities
Amortized Cost
Debt securities, available-for-sale, maturity, without single maturity date, amortized cost	3,024,574
Amortized Cost	3,024,574	2,016,028
Fair Value
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value	3,042,804
Fair Value	3,042,804	2,027,550
Commercial mortgage-backed securities
Amortized Cost
Debt securities, available-for-sale, maturity, without single maturity date, amortized cost	893,912
Amortized Cost	893,912	913,347
Fair Value
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value	834,517
Fair Value	834,517	851,778
Residential mortgage-backed securities
Amortized Cost
Debt securities, available-for-sale, maturity, without single maturity date, amortized cost	393,342
Amortized Cost	393,342	399,542
Fair Value
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value	384,785
Fair Value	$ 384,785	$ 396,070

Investments (Fixed Maturities_2

Investments (Fixed Maturities Securities Proceeds) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Proceeds from maturities/prepayments	$ 534,863	$ 410,373
Fixed maturities | Available-for-sale
Debt Securities, Available-for-sale [Line Items]
Proceeds from sales	106,155	60,373
Proceeds from maturities/prepayments	437,443	295,128
Gross investment gains from sales and maturities	937	2,672
Gross investment losses from sales and maturities	(8,132)	(11,938)
Write-downs recognized in earnings	0	3
(Addition to) release of allowance for credit losses	358	1,042
Noncash or part noncash divestiture, amount of consideration received	$ (8,700)	$ 54,900

Investments (Credit Losses Reco

Investments (Credit Losses Recognized In Earnings on Fixed Maturity Securities Held by the Company) (Details) - Available-for-sale - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	$ 2,008	$ 4,769
Additions to allowance for credit losses not previously recorded	57	2,923
Reductions for securities sold during the period	(41)	(3,734)
Additions (reductions) on securities with previous allowance	(853)	(231)
Assets transferred to parent and affiliates	479
Balance, end of period	1,650	3,727
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
Assets transferred to parent and affiliates	0
Balance, end of period	0	0
Foreign Government Bonds
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	0	5
Additions to allowance for credit losses not previously recorded	0	0
Reductions for securities sold during the period	0	(1)
Additions (reductions) on securities with previous allowance	0	(4)
Assets transferred to parent and affiliates	0
Balance, end of period	0	0
U.S. and Foreign Corporate Securities
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	2,000	4,755
Additions to allowance for credit losses not previously recorded	57	2,923
Reductions for securities sold during the period	(41)	(3,733)
Additions (reductions) on securities with previous allowance	(845)	(225)
Assets transferred to parent and affiliates	479
Balance, end of period	1,650	3,720
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	1	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	(1)	0
Assets transferred to parent and affiliates	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
Assets transferred to parent and affiliates	0
Balance, end of period	0	0
Residential Mortgage-Backed Securities
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	7	9
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	(7)	(2)
Assets transferred to parent and affiliates	0
Balance, end of period	$ 0	$ 7

Investments (Commercial Mortgag

Investments (Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 6,315,566	$ 6,155,050
Commercial mortgage loans, Percentage	100%	100%
Allowance for Credit Losses	$ (42,682)	$ (37,689)
Commercial Mortgage Loans	6,279,862	6,122,721
Total net Commercial Mortgage and Other Loans	6,279,862	6,122,721
Other loans	6,978	5,360
Commercial Mortgage and Agricultural Loans
Commercial Mortgage and Other Loans [Line Items]
Commercial Mortgage Loans	6,272,884	6,117,361
Total net Commercial Mortgage and Other Loans	6,272,884	6,117,361
Other Collateralized Loans
Commercial Mortgage and Other Loans [Line Items]
Other loans	6,978	5,360
Total Net Commercial Mortgage and Other Loans
Commercial Mortgage and Other Loans [Line Items]
Commercial Mortgage Loans	6,279,862	6,122,721
Total net Commercial Mortgage and Other Loans	6,279,862	6,122,721
Apartments and multi-family
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 1,640,502	$ 1,578,785
Commercial mortgage loans, Percentage	26%	25.70%
Hospitality
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 102,388	$ 102,952
Commercial mortgage loans, Percentage	1.60%	1.70%
Industrial
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 2,390,837	$ 2,486,230
Commercial mortgage loans, Percentage	37.90%	40.40%
Office
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 593,748	$ 604,611
Commercial mortgage loans, Percentage	9.40%	9.80%
Other
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 660,992	$ 456,720
Commercial mortgage loans, Percentage	10.50%	7.40%
Retail
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 351,806	$ 363,706
Commercial mortgage loans, Percentage	5.50%	5.90%
Commercial mortgage loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 5,740,273	$ 5,593,004
Commercial mortgage loans, Percentage	90.90%	90.90%
Agricultural property loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 575,293	$ 562,046
Commercial mortgage loans, Percentage	9.10%	9.10%

Investments (Allowance for Cred

Investments (Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	$ 37,689	$ 20,263
Addition to (release of) allowance for expected losses	4,993	1,147
Total ending balance	42,682	21,410
Commercial mortgage loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	36,758	19,665
Addition to (release of) allowance for expected losses	5,011	762
Total ending balance	41,769	20,427
Agricultural Property Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	931	598
Addition to (release of) allowance for expected losses	(18)	385
Total ending balance	$ 913	$ 983

Investments (Credit Quality Ind

Investments (Credit Quality Indicators) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	$ 6,322,544	$ 6,160,410
Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	292,455	1,142,205
One Year Prior	1,140,691	782,796
Two Year Prior	780,341	1,261,597
Three Year Prior	1,262,747	363,599
Four Year Prior	362,213	528,288
Prior	1,901,826	1,514,519
Revolving Loans	0
Recording investment gross of allowance for credit losses	5,740,273	5,593,004
Commercial mortgage loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	252,287	1,038,315
One Year Prior	1,036,927	779,282
Two Year Prior	776,847	1,261,597
Three Year Prior	1,262,747	292,561
Four Year Prior	291,472	497,407
Prior	1,759,044	1,402,831
Revolving Loans	0
Recording investment gross of allowance for credit losses	5,379,324	5,271,993
Commercial mortgage loans | 1.0X to 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	40,168	103,890
One Year Prior	103,764	3,514
Two Year Prior	3,494	0
Three Year Prior	0	0
Four Year Prior	0	15,632
Prior	70,021	40,521
Revolving Loans	0
Recording investment gross of allowance for credit losses	217,447	163,557
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	0
Three Year Prior	0	71,038
Four Year Prior	70,741	15,249
Prior	72,761	71,167
Revolving Loans	0
Recording investment gross of allowance for credit losses	143,502	157,454
Agricultural Property Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	7,035	126,949
One Year Prior	109,655	235,585
Two Year Prior	224,770	132,042
Three Year Prior	131,883	25,875
Four Year Prior	25,686	15,824
Prior	40,265	25,771
Revolving Loans	35,999
Recording investment gross of allowance for credit losses	575,293	562,046
Agricultural Property Loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	6,035	126,949
One Year Prior	109,655	233,585
Two Year Prior	222,770	130,353
Three Year Prior	130,187	24,063
Four Year Prior	23,912	15,824
Prior	40,265	25,771
Revolving Loans	35,999
Recording investment gross of allowance for credit losses	568,823	556,545
Agricultural Property Loans | 1.0X to 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	1,000	0
One Year Prior	0	2,000
Two Year Prior	2,000	0
Three Year Prior	0	1,812
Four Year Prior	1,774	0
Prior	0	0
Revolving Loans	0
Recording investment gross of allowance for credit losses	4,774	3,812
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	1,689
Three Year Prior	1,696	0
Four Year Prior	0	0
Prior	0	0
Revolving Loans	0
Recording investment gross of allowance for credit losses	1,696	1,689
0%-59.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	968	249,037
One Year Prior	248,758	245,914
Two Year Prior	245,290	482,718
Three Year Prior	470,775	109,249
Four Year Prior	109,045	265,053
Prior	1,197,318	1,068,763
Revolving Loans	0
Recording investment gross of allowance for credit losses	2,272,154	2,420,734
0%-59.99% | Agricultural Property Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	7,035	73,774
One Year Prior	71,353	179,375
Two Year Prior	168,560	132,042
Three Year Prior	131,883	25,875
Four Year Prior	25,686	15,824
Prior	40,265	25,771
Revolving Loans	21,184
Recording investment gross of allowance for credit losses	465,966	452,661
60%-69.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	206,874	675,153
One Year Prior	674,670	355,984
Two Year Prior	355,359	449,878
Three Year Prior	463,957	172,721
Four Year Prior	171,819	225,803
Prior	421,052	206,237
Revolving Loans	0
Recording investment gross of allowance for credit losses	2,293,731	2,085,776
60%-69.99% | Agricultural Property Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	0	47,489
One Year Prior	38,302	56,210
Two Year Prior	56,210	0
Three Year Prior	0	0
Four Year Prior	0	0
Prior	0	0
Revolving Loans	14,815
Recording investment gross of allowance for credit losses	109,327	103,699
70%-79.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	84,613	218,015
One Year Prior	217,263	133,343
Two Year Prior	133,198	255,299
Three Year Prior	254,023	77,812
Four Year Prior	77,515	20,924
Prior	103,786	86,806
Revolving Loans	0
Recording investment gross of allowance for credit losses	870,398	792,199
70%-79.99% | Agricultural Property Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	0	5,686
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	5,686
80% or greater | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	0	0
One Year Prior	0	47,555
Two Year Prior	46,494	73,702
Three Year Prior	73,992	3,817
Four Year Prior	3,834	16,508
Prior	179,670	152,713
Revolving Loans	0
Recording investment gross of allowance for credit losses	303,990	294,295
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, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	$ 6,322,544	$ 6,160,410
Non-Accrual Status	11,586	1,301
Current
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	6,310,958	6,160,410
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	1,301	0
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	0	0
90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	10,285	0
Commercial mortgage loans
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	5,740,273	5,593,004
Non-Accrual Status	8,092	0
Commercial mortgage loans | Current
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	5,732,181	5,593,004
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	8,092	0
Agricultural Loan
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	575,293	562,046
Non-Accrual Status	3,494	1,301
Agricultural Loan | Current
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	571,799	562,046
Agricultural Loan | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	1,301	0
Agricultural Loan | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	0	0
Agricultural Loan | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	2,193	0
Other Collateralized Loans
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	6,978	5,360
Non-Accrual Status	0	0
Other Collateralized Loans | Current
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	6,978	5,360
Other Collateralized Loans | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	0	0
Other Collateralized Loans | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	0	0
Other Collateralized Loans | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	0	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, 2024	Dec. 31, 2023
Other Invested Assets [Line Items]
Other invested assets	$ 1,337,953	$ 1,222,985
Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	1,306,730	1,204,869
Derivative Instruments
Other Invested Assets [Line Items]
Other invested assets	30,769	17,718
Other
Other Invested Assets [Line Items]
Other invested assets	454	398
Equity Method | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	1,240,881	1,137,562
Equity Method | Private equity | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	336,276	333,863
Equity Method | Hedge funds | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	808,887	720,360
Equity Method | Real estate-related | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	95,718	83,339
Fair Value | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	65,849	67,307
Fair Value | Private equity | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	48,495	48,483
Fair Value | Hedge funds | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	76	137
Fair Value | Real estate-related | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	$ 17,278	$ 18,687

Investments (Accrued Investment

Investments (Accrued Investment Income) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Net Investment Income
Accrued investment income	$ 361,054	$ 333,838
Fixed maturities
Net Investment Income
Accrued investment income	290,554	272,031
Equity securities
Net Investment Income
Accrued investment income	381	220
Commercial mortgage and other loans
Net Investment Income
Accrued investment income	22,246	21,070
Policy loans
Net Investment Income
Accrued investment income	40,818	35,210
Other invested assets
Net Investment Income
Accrued investment income	39	43
Short-term investments and cash equivalents
Net Investment Income
Accrued investment income	$ 7,016	$ 5,264

Investments (Net Investment Inc

Investments (Net Investment Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 532,063	$ 366,388
Less: investment expenses	(26,743)	(16,938)
Net investment income	505,320	349,450
Equity securities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	3,747	2,777
Commercial mortgage and other loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	73,758	48,656
Policy loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	14,445	4,996
Other invested assets
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	23,320	26,099
Short-term investments and cash equivalents
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	46,315	31,176
Available-for-sale | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	338,809	234,810
Trading | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 31,669	$ 17,874

Investments (Realized Investmen

Investments (Realized Investment Gains Losses, Net) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Schedule Of Gain Loss On Investments [Line Items]
Realized Investment gains (losses), net	$ 23,000	$ (120,679)
Fixed maturities
Schedule Of Gain Loss On Investments [Line Items]
Realized Investment gains (losses), net	(6,837)	(8,221)
Commercial mortgage and other loans
Schedule Of Gain Loss On Investments [Line Items]
Realized Investment gains (losses), net	(5,781)	(1,278)
Other invested assets
Schedule Of Gain Loss On Investments [Line Items]
Realized Investment gains (losses), net	15,511	5,627
Derivatives
Schedule Of Gain Loss On Investments [Line Items]
Realized Investment gains (losses), net	20,454	(118,270)
Short-term investments and cash equivalents
Schedule Of Gain Loss On Investments [Line Items]
Realized Investment gains (losses), net	$ (347)	$ 1,463

Investments (Net Unrealized Gai

Investments (Net Unrealized Gains Losses on Investments by Asset Class) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	$ (1,758,218)	$ (1,402,193)
Fixed maturities | Available-for-sale | With an allowance
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	1,356	1,987
Fixed maturities | Available-for-sale | Without an allowance
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	(1,789,662)	(1,406,265)
Derivatives designated as cash flow hedges
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	39,113	11,934
Affiliated notes
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	(8,033)	(8,760)
Other investments
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	$ (992)	$ (1,089)

Investments (Repurchase Agreeme

Investments (Repurchase Agreement and Securities Lending) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	$ 3,698	$ 218,310
Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	3,698	218,310
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 government bonds
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	0	486
Foreign government bonds | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	0	486
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	607	27,247
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	607	27,247
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	3,091	13,101
Foreign public corporate securities | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	3,091	13,101
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	0	177,476
Equity securities | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	0	177,476
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, 2024	Dec. 31, 2023
Derivative [Line Items]
Derivative, Notional Amount	$ 276,392,301	$ 266,639,029
Assets	12,024,608	9,045,737
Liabilities	(23,458,684)	(21,248,026)
Derivatives Designated as Hedge Accounting Instruments:
Derivative [Line Items]
Derivative, Notional Amount	2,419,562	2,277,700
Assets	147,544	121,243
Liabilities	(47,411)	(54,282)
Derivatives Designated as Hedge Accounting Instruments: | Interest Rate Swaps
Derivative [Line Items]
Derivative, Notional Amount	3,019	3,064
Assets	195	0
Liabilities	(516)	(238)
Derivatives Designated as Hedge Accounting Instruments: | Foreign Currency Swaps
Derivative [Line Items]
Derivative, Notional Amount	2,416,543	2,274,636
Assets	147,349	121,243
Liabilities	(46,895)	(54,044)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Derivative, Notional Amount	273,972,739	264,361,329
Assets	11,877,064	8,924,494
Liabilities	(23,411,273)	(21,193,744)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Swaps
Derivative [Line Items]
Derivative, Notional Amount	162,161,364	163,179,764
Assets	7,808,155	6,605,817
Liabilities	(19,364,620)	(17,820,436)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Future
Derivative [Line Items]
Derivative, Notional Amount	744,500	1,332,600
Assets	0	3,055
Liabilities	0	(210)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Foreign Currency Forwards
Derivative [Line Items]
Derivative, Notional Amount	807,186	744,576
Assets	4,853	1,772
Liabilities	(205)	(12,232)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit Default Swaps
Derivative [Line Items]
Derivative, Notional Amount	615,500	643,280
Assets	11,100	7,727
Liabilities	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Foreign Currency Swaps
Derivative [Line Items]
Derivative, Notional Amount	2,311,489	2,237,331
Assets	116,038	96,618
Liabilities	(12,045)	(31,294)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity Options
Derivative [Line Items]
Derivative, Notional Amount	60,275,790	49,247,510
Assets	3,123,188	1,600,335
Liabilities	(2,062,542)	(1,552,706)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Option
Derivative [Line Items]
Derivative, Notional Amount	29,568,000	29,738,000
Assets	203,431	189,112
Liabilities	(1,127,097)	(969,718)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Forward
Derivative [Line Items]
Derivative, Notional Amount	1,458,000	1,458,000
Assets	34,869	741
Liabilities	(37,349)	(3,196)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Total Return Swap
Derivative [Line Items]
Derivative, Notional Amount	14,533,800	15,049,993
Assets	575,429	418,084
Liabilities	(807,207)	(803,452)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity Future
Derivative [Line Items]
Derivative, Notional Amount	341,590	418,973
Assets	0	1,232
Liabilities	0	(500)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Synthetic Gics
Derivative [Line Items]
Derivative, Notional Amount	1,155,520	311,302
Assets	1	1
Liabilities	$ (208)	$ 0

Derivative Instruments (Offsett

Derivative Instruments (Offsetting Assets and Liabilities) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Derivatives Assets
Gross Amounts of Recognized Financial Instruments	$ 12,024,588	$ 9,045,718
Gross Amounts Offset in the Consolidated Statement of Financial Position	(11,993,839)	(9,028,019)
Net Amounts Presented in the Consolidated Statement of Financial Position	30,749	17,699
Financial Instruments/Collateral	0	0
Net Amount	30,749	17,699
Securities Purchased under Agreements to Resell
Gross Amounts of Recognized Financial Instruments	0	25,000
Gross Amounts Offset in the Consolidated Statement of Financial Position	0	0
Net Amounts Presented in the Consolidated Statement of Financial Position	0	25,000
Financial Instruments/Collateral	0	0
Net Amount	0	25,000
Total Assets
Gross Amounts of Recognized Financial Instruments	12,024,588	9,070,718
Gross Amounts Offset in the Consolidated Statement of Financial Position	(11,993,839)	(9,028,019)
Net Amounts Presented in the Consolidated Statement of Financial Position	30,749	42,699
Financial Instruments/Collateral	0	0
Net Amount	30,749	42,699
Derivatives Liabilities
Gross Amounts of Recognized Financial Instruments	23,458,684	21,248,026
Gross Amounts Offset in the Consolidated Statement of Financial Position	(20,971,250)	(18,596,679)
Net Amounts Presented in the Consolidated Statement of Financial Position	2,487,434	2,651,347
Financial Instruments/Collateral	(2,487,434)	(2,651,347)
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	23,458,684	21,248,026
Gross Amounts Offset in the Consolidated Statement of Financial Position	(20,971,250)	(18,596,679)
Net Amounts Presented in the Consolidated Statement of Financial Position	2,487,434	2,651,347
Financial Instruments/Collateral	(2,487,434)	(2,651,347)
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, 2024	Mar. 31, 2023
Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	$ 20,454	$ (115,158)
Market Risk Benefit, Increase (Decrease) from Equity Market Change)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(1,286,793)	8,129
Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	10,665	11,680
Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	12,529	(10,572)
AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	27,179	(20,287)
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	(107)	2,516
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	10,665	11,680
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	12,346	(10,426)
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	27,179	(20,287)
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	1
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	(63)	(25)
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	11	41
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	(108)	2,515
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	10,728	11,705
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	12,346	(10,426)
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	27,168	(20,328)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	20,561	(117,674)
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	(1,286,793)	8,129
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	183	(146)
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	44,472	(48,164)
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	(855,925)	208,061
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	13,121	(6,610)
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	31,976	(12,722)
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	183	(146)
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	7,886	934
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	1,426,177	196,875
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	(430,868)	(199,932)
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	(1,503,071)	(247,987)
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, 2024 USD ($)
Cash flow hedgers in AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Balance, beginning	$ 11,934
Amount Recorded in AOCI	50,083
Amounts reclassified into current period earnings	(22,904)
Balance, ending	39,113
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	(51)
Amounts reclassified into current period earnings	62
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	50,134
Amounts reclassified into current period earnings	$ (22,966)

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative, Net	$ (9,370)	$ (7,402)
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	22
Credit Default Swaps Referencing Indices, Sell Protection
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	616	643
Credit Risk Derivatives, at Fair Value, Net Asset	11	$ 8
Credit Default Swaps Referencing Indices, Sell Protection | NAIC 3
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	522
Credit Default Swaps Referencing Indices, Sell Protection | NAIC 6
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	$ 94

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, 2024	Dec. 31, 2023	Mar. 31, 2023
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	$ 28,031,484	$ 26,131,780
Market risk benefits assets	2,536,843	2,367,243	$ 1,427,000
Fixed maturities, trading	3,180,460	2,796,446
Equity securities	574,736	844,950
Other invested assets	1,337,953	1,222,985
Other assets	2,347,175	2,078,938
Reinsurance recoverables	41,124,532	38,709,651
Receivables from parent and affiliates	514,254	332,583
Separate account assets	121,895,023	119,188,485
TOTAL ASSETS	222,211,027	213,309,041
Market risk benefit liabilities	4,388,317	5,144,401	$ 5,622,000
Payables to parent and affiliates	2,560,741	2,667,696
Total liabilities	218,612,333	208,787,616
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	948,985	975,287
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	731,714	776,627
Foreign government bonds
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	267,624	281,986
U.S. corporate public securities
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	10,004,726	9,495,912
U.S. corporate private securities
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	4,982,237	4,989,494
Foreign corporate public securities
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	2,062,332	1,706,094
Foreign corporate private securities
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	4,771,760	4,630,982
Asset-backed securities
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	3,042,804	2,027,550
Commercial mortgage-backed securities
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	834,517	851,778
Residential mortgage-backed securities
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	384,785	396,070
Equity securities
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value investment measured at NAV per share		14,600
Fair Value, Measurements, Recurring
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	28,031,484	26,131,780
Market risk benefits assets	2,536,843	2,367,243
Fixed maturities, trading	3,180,460	2,796,446
Equity securities	574,736	830,340
Short-term investments	553,504	313,866
Cash equivalents	1,909,672	1,644,125
Other invested assets	30,769	17,718
Other assets	303,538	224,019
Reinsurance recoverables	96,442	69,745
Receivables from parent and affiliates	269,949	147,984
Subtotal excluding separate account assets	37,487,397	34,543,266
Separate account assets	116,401,002	113,929,793
TOTAL ASSETS	153,888,399	148,473,059
Market risk benefit liabilities	4,388,317	5,144,401
Policyholders’ account balances	9,752,538	7,689,929
Payables to parent and affiliates	2,487,227	2,651,123
Other liabilities	17,726	6,340
Total liabilities	16,645,808	15,491,793
Assets netting	(11,993,839)	(9,028,019)
Liabilities netting	(20,971,250)	(18,596,679)
Netting	(8,977,000)	(9,569,000)
Fair Value, Measurements, Recurring | Other invested assets
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets netting	(11,993,839)	(9,028,019)
Fair Value, Measurements, Recurring | Payables to parent and affiliates
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities netting	(20,963,695)	(18,588,647)
Fair Value, Measurements, Recurring | Other liabilities
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities netting	(7,555)	(8,032)
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	948,985	975,287
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	731,714	776,627
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	267,624	281,986
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	10,004,726	9,495,912
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	4,982,238	4,989,494
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	2,062,332	1,706,094
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	4,771,759	4,630,982
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	3,042,804	2,027,550
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	834,517	851,778
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	384,785	396,070
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 benefits assets	0	0
Fixed maturities, trading	0	0
Equity securities	530,559	790,346
Short-term investments	220,814	31,879
Cash equivalents	297,705	447,396
Other invested assets	31,401	23,432
Other assets	0	0
Reinsurance recoverables	0	0
Receivables from parent and affiliates	0	0
Subtotal excluding separate account assets	1,080,479	1,293,053
Separate account assets	199,149	176,239
TOTAL ASSETS	1,279,628	1,469,292
Market risk benefit liabilities	0	0
Policyholders’ account balances	0	0
Payables to parent and affiliates	0	0
Other liabilities	7,555	8,032
Total liabilities	7,555	8,032
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	26,327,042	24,939,518
Market risk benefits assets	0	0
Fixed maturities, trading	3,033,917	2,762,398
Equity securities	15,527	11,285
Short-term investments	329,339	280,228
Cash equivalents	1,611,967	1,196,729
Other invested assets	11,993,206	9,022,304
Other assets	0	0
Reinsurance recoverables	0	0
Receivables from parent and affiliates	148,571	147,984
Subtotal excluding separate account assets	43,459,569	38,360,446
Separate account assets	116,193,959	113,747,569
TOTAL ASSETS	159,653,528	152,108,015
Market risk benefit liabilities	0	0
Policyholders’ account balances	0	0
Payables to parent and affiliates	23,450,922	21,239,770
Other liabilities	17,519	6,340
Total liabilities	23,468,441	21,246,110
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	948,985	975,287
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	731,714	776,627
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	266,953	281,304
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	10,004,726	9,495,912
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	4,428,876	4,476,258
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	2,055,367	1,698,965
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	4,322,436	4,137,004
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	2,426,607	1,928,428
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	756,593	773,663
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	384,785	396,070
Fair Value, Measurements, Recurring | Level 3
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	1,704,442	1,192,262
Market risk benefits assets	2,536,843	2,367,243
Fixed maturities, trading	146,543	34,048
Equity securities	28,650	28,709
Short-term investments	3,351	1,759
Cash equivalents	0	0
Other invested assets	1	1
Other assets	303,538	224,019
Reinsurance recoverables	96,442	69,745
Receivables from parent and affiliates	121,378	0
Subtotal excluding separate account assets	4,941,188	3,917,786
Separate account assets	7,894	5,985
TOTAL ASSETS	4,949,082	3,923,771
Market risk benefit liabilities	4,388,317	5,144,401
Policyholders’ account balances	9,752,538	7,689,929
Payables to parent and affiliates	0	0
Other liabilities	207	0
Total liabilities	14,141,062	12,834,330
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	671	682
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	553,362	513,236
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	6,965	7,129
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	449,323	493,978
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	616,197	99,122
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	77,924	78,115
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	66,000	67,000
Separate account assets
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value investment measured at NAV per share	$ 5,494,000	$ 5,259,000

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities (Quantitative Info for Level 3 Inputs) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Corporate securities	$ 575,867	$ 824,270
Market risk benefits assets	2,536,843	2,367,243	$ 1,427,000
Other assets	2,347,175	2,078,938
Market risk benefit liabilities	4,388,317	5,144,401	$ 5,622,000
Fair Value, Measurements, Recurring
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Market risk benefits assets	2,536,843	2,367,243
Other assets	303,538	224,019
Market risk benefit liabilities	4,388,317	5,144,401
Policyholders’ account balances	9,752,538	7,689,929
Level 3
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Funds held under reinsurance agreements	$ 10,000,000
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 benefits assets	$ 2,536,843	2,367,243
Other assets	303,538	224,019
Market risk benefit liabilities	4,388,317	5,144,401
Policyholders’ account balances	$ 9,752,538	$ 7,689,929
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	0.33%	0.41%
Utilization rate	38%	38%
Withdrawal rate (greater than maximum range)	81%	81%
Mortality rate	0%	0%
Equity volatility curve	15%	15%
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	0.33%	0.41%
Mortality rate	0%	0%
Option budget	(1.00%)	(1.00%)
Level 3 | Internal | Minimum | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	6.92%	6.98%
Level 3 | Internal | Minimum | Discounted cash flow | Commercial mortgage-backed securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidity premium	0.60%	0.60%
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	0.33%	0.41%
Utilization rate	38%	38%
Withdrawal rate (greater than maximum range)	81%	81%
Mortality rate	0%	0%
Equity volatility curve	15%	15%
Level 3 | Internal | Minimum | Discounted cash flow | Other assets
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	1%	1%
Spread over SOFR	0.33%	0.41%
Mortality rate	0%	0%
Option budget	(1.00%)	(1.00%)
Level 3 | Internal | Minimum | Liquidation | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value		63.62%
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	1.80%	1.91%
Utilization rate	95%	95%
Withdrawal rate (greater than maximum range)	100%	100%
Mortality rate	15%	15%
Equity volatility curve	25%	25%
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	1.80%	1.85%
Mortality rate	23%	23%
Option budget	7%	7%
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 | Commercial mortgage-backed securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidity premium	0.75%	0.75%
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	1.80%	1.91%
Utilization rate	95%	95%
Withdrawal rate (greater than maximum range)	100%	100%
Mortality rate	15%	15%
Equity volatility curve	25%	25%
Level 3 | Internal | Maximum | Discounted cash flow | Other assets
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	80%	80%
Spread over SOFR	1.80%	1.85%
Mortality rate	23%	23%
Option budget	7%	7%
Level 3 | Internal | Maximum | Liquidation | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value		63.62%
Level 3 | Internal | Weighted Average | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	11.64%	9.73%
Level 3 | Internal | Weighted Average | Discounted cash flow | Commercial mortgage-backed securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidity premium	0.68%	0.71%
Level 3 | Internal | Weighted Average | Liquidation | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value		63.62%
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	$ 4,388,317	$ 5,144,401
Level 3 | Internal | Fair Value, Measurements, Recurring | Policyholders' account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Policyholders’ account balances	9,752,538	7,689,929
Level 3 | Internal | Fair Value, Measurements, Recurring | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Corporate securities	804,470	81,635
Level 3 | Internal | Fair Value, Measurements, Recurring | Commercial mortgage-backed securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Commercial mortgage-backed securities	77,924	78,115
Level 3 | Internal | Fair Value, Measurements, Recurring | Market risk benefit assets
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Market risk benefits assets	2,536,843	2,367,243
Level 3 | Internal | Fair Value, Measurements, Recurring | Other assets
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Other assets	$ 303,538	$ 224,019

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, 2024	Mar. 31, 2023	Dec. 31, 2023
Unrealized gains (losses) for assets/liabilities still held:
Market risk benefits assets	$ 2,536,843	$ 1,427,000	$ 2,367,243
Market risk benefit liabilities	4,388,317	5,622,000	$ 5,144,401
Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	28,709	28,593
Purchases	273	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	0	15,411
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	28,650	43,174
Total gains (losses) (realized/unrealized):
Included in earnings	(332)	(830)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(332)	(830)
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	(332)	(830)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(332)	(830)
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
Other invested assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	1
Purchases	(1)
Sales	0
Issuances	0
Settlements	0
Other	0
Transfers into Level 3	0
Transfers out of Level 3	0
Fair Value, end of period	1
Total gains (losses) (realized/unrealized):
Included in earnings	1
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	1
Other invested assets | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	1
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	1
Other invested assets | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0
Other invested assets | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0
Other invested assets | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0
Other invested assets | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0
Short-term investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	1,759	16,945
Purchases	2,002	1,542
Sales	0	0
Issuances	0	0
Settlements	(94)	(5,927)
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	3,351	14,416
Total gains (losses) (realized/unrealized):
Included in earnings	(316)	1,856
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(316)	51
Short-term investments | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(316)	1,434
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(316)	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	0	51
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	51
Short-term investments | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	371
Other assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	224,019	141,041
Purchases	55,706	34,620
Sales	0	0
Issuances	0	0
Settlements	(13,194)	(1,537)
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	303,538	155,763
Total gains (losses) (realized/unrealized):
Included in earnings	37,007	(18,361)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	23,814	(16,824)
Other assets | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	37,007	(18,361)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	23,814	(16,824)
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
Receivables from parents and affiliates
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0
Purchases	121,378
Sales	0
Issuances	0
Settlements	0
Other	0
Transfers into Level 3	0
Transfers out of Level 3	0
Fair Value, end of period	121,378
Total gains (losses) (realized/unrealized):
Included in earnings	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0
Reinsurance Recoverables
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	69,745	0
Purchases	32,218	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	96,442	1,357
Total gains (losses) (realized/unrealized):
Included in earnings	(5,521)	1,357
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(35,090)	1,357
Reinsurance Recoverables | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(5,521)	1,357
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(35,090)	1,357
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	5,985	4,645
Purchases	2,633	0
Sales	(1,256)	(180)
Issuances	0	0
Settlements	(125)	(10)
Other	0	0
Transfers into Level 3	458	0
Transfers out of Level 3	0	0
Fair Value, end of period	7,894	4,553
Total gains (losses) (realized/unrealized):
Included in earnings	199	98
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	200	96
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	199	98
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	200	96
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	(7,689,929)	(3,502,096)
Purchases	0	0
Sales	0	0
Issuances	(560,398)	(398,623)
Settlements	0	0
Other	813	1,595
Transfers Into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	(9,752,538)	(4,129,043)
Total gains (losses) (realized/unrealized):
Included in earnings	(1,503,024)	(229,919)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(142,507)	(417,482)
Policyholders' account balances | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(1,503,024)	(229,919)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(142,507)	(417,482)
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
Other liabilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0
Purchases	0
Sales	0
Issuances	0
Settlements	0
Other	0
Transfers Into Level 3	0
Transfers out of Level 3	0
Fair Value, end of period	(207)
Total gains (losses) (realized/unrealized):
Included in earnings	(207)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(207)
Other liabilities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(207)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(207)
Other liabilities | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0
Other liabilities | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0
Other liabilities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0
Other liabilities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0
Available-for-sale | Fixed maturities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(1,696)	325
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	626	(901)
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	(9,842)	964
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(10,521)	1,916
Available-for-sale | Fixed maturities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	598	389
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	682	724
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	671	714
Total gains (losses) (realized/unrealized):
Included in earnings	(11)	(10)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(13)	(12)
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	1,014,343	507,496
Purchases	125,041	94,096
Sales	(65,052)	(19,598)
Issuances	0	0
Settlements	(53,892)	(51,424)
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	1,009,650	535,893
Total gains (losses) (realized/unrealized):
Included in earnings	(10,790)	5,323
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(9,602)	4,640
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	177,237	104,724
Purchases	484,340	146,016
Sales	0	(27)
Issuances	0	0
Settlements	(1,895)	(613)
Other	0	0
Transfers into Level 3	34,578	2,240
Transfers out of Level 3	0	(19,836)
Fair Value, end of period	694,121	228,869
Total gains (losses) (realized/unrealized):
Included in earnings	(139)	(3,635)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(280)	(3,613)
Trading | Fixed maturities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	34,048	0
Purchases	113,343	6,250
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	146,543	6,250
Total gains (losses) (realized/unrealized):
Included in earnings	(848)	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(848)	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	(848)	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(848)	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 (Financial Instruments where Carrying Amounts and Fair Values May Differ) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets:
Policy loans	$ 1,496,241	$ 1,472,677
Cash and cash equivalents	2,357,758	2,139,792
Accrued investment income	361,054	333,838
Reinsurance recoverables	41,124,532	38,709,651
Receivables from parent and affiliates	514,254	332,583
Liabilities
Cash collateral for loaned securities	3,698	218,310
Fair Value
Assets:
Commercial mortgage and other loans	6,039,321	5,918,386
Policy loans	1,496,241	1,472,677
Short-term investments	120,007	66,500
Cash and cash equivalents	448,086	495,667
Accrued investment income	361,054	333,838
Reinsurance recoverables	21,774	22,155
Receivables from parent and affiliates	244,305	184,599
Other assets	1,787,957	1,570,629
Total assets	10,518,745	10,064,451
Liabilities
Policyholders’ account balances - investment contracts	7,716,851	6,352,532
Cash collateral for loaned securities	3,698	218,310
Short-term debt to affiliates	179,115	176,110
Payables to parent and affiliates	73,514	16,573
Other liabilities	2,384,888	2,154,284
Total liabilities	10,358,066	8,917,809
Carrying Amount
Assets:
Commercial mortgage and other loans	6,279,862	6,122,721
Policy loans	1,496,241	1,472,677
Short-term investments	120,007	66,500
Cash and cash equivalents	448,086	495,667
Accrued investment income	361,054	333,838
Reinsurance recoverables	23,385	23,537
Receivables from parent and affiliates	244,305	184,599
Other assets	1,787,957	1,570,629
Total assets	10,760,897	10,270,168
Liabilities
Policyholders’ account balances - investment contracts	7,733,251	6,368,061
Cash collateral for loaned securities	3,698	218,310
Short-term debt to affiliates	179,115	180,411
Payables to parent and affiliates	73,514	16,573
Other liabilities	2,384,888	2,154,283
Total liabilities	10,374,466	8,937,638
Level 1 | Fair Value
Assets:
Commercial mortgage and other loans	0	0
Policy loans	0	0
Short-term investments	120,007	66,500
Cash and cash equivalents	448,086	470,668
Accrued investment income	0	0
Reinsurance recoverables	0	0
Receivables from parent and affiliates	0	0
Other assets	0	0
Total assets	568,093	537,168
Liabilities
Policyholders’ account balances - investment contracts	0	0
Cash collateral for loaned securities	0	0
Short-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	0	24,999
Accrued investment income	361,054	333,838
Reinsurance recoverables	0	0
Receivables from parent and affiliates	244,305	184,599
Other assets	50,157	80,646
Total assets	655,516	624,082
Liabilities
Policyholders’ account balances - investment contracts	912,874	955,647
Cash collateral for loaned securities	3,698	218,310
Short-term debt to affiliates	179,115	176,110
Payables to parent and affiliates	73,514	16,573
Other liabilities	2,352,465	2,121,861
Total liabilities	3,521,666	3,488,501
Level 3 | Fair Value
Assets:
Commercial mortgage and other loans	6,039,321	5,918,386
Policy loans	1,496,241	1,472,677
Short-term investments	0	0
Cash and cash equivalents	0	0
Accrued investment income	0	0
Reinsurance recoverables	21,774	22,155
Receivables from parent and affiliates	0	0
Other assets	1,737,800	1,489,983
Total assets	9,295,136	8,903,201
Liabilities
Policyholders’ account balances - investment contracts	6,803,977	5,396,885
Cash collateral for loaned securities	0	0
Short-term debt to affiliates	0	0
Payables to parent and affiliates	0	0
Other liabilities	32,423	32,423
Total liabilities	$ 6,836,400	$ 5,429,308

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, 2024	Mar. 31, 2023
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Deferred Policy Acquisition Cost, Beginning Balance	$ 7,097,511	$ 6,930,425
Capitalization	331,766	246,738
Amortization expense	(145,806)	(137,546)
Other	(38,017)	52
Balance, end of period	7,245,454	7,039,669
Fixed Annuities
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Deferred Policy Acquisition Cost, Beginning Balance	197,937	102,250
Capitalization	64,744	22,902
Amortization expense	(8,725)	(4,474)
Other	0	0
Balance, end of period	253,956	120,678
Variable Annuities
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Deferred Policy Acquisition Cost, Beginning Balance	3,257,761	3,736,456
Capitalization	78,335	56,875
Amortization expense	(84,320)	(87,864)
Other	0	0
Balance, end of period	3,251,776	3,705,467
Term Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Deferred Policy Acquisition Cost, Beginning Balance	743,888	648,836
Capitalization	43,874	33,006
Amortization expense	(18,180)	(15,304)
Other	0	0
Balance, end of period	769,582	666,538
Variable/Universal Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Deferred Policy Acquisition Cost, Beginning Balance	2,897,925	2,442,883
Capitalization	144,813	133,955
Amortization expense	(34,581)	(29,904)
Other	(38,017)	52
Balance, end of period	$ 2,970,140	$ 2,546,986

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, 2024	Mar. 31, 2023
Reinsurance Recoverable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 255,113	$ 292,892
Amortization expense	(9,011)	(9,990)
Other	1
Balance, end of period	246,103	282,902
Variable Annuities
Reinsurance Recoverable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	194,110	223,515
Amortization expense	(7,040)	(7,828)
Other	1
Balance, end of period	187,071	215,687
Term Life
Reinsurance Recoverable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	61,003	69,377
Amortization expense	(1,971)	(2,162)
Other	0
Balance, end of period	$ 59,032	$ 67,215

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, 2024	Mar. 31, 2023
Reinsurance Recoverable, Allowance for Credit Gain [Roll Forward]
Balance, beginning of period	$ 1,673,290	$ 1,492,856
Amortization	(38,388)	(19,718)
Other	1,099,783
Balance, end of period	2,734,685	1,473,138
Fixed Annuities
Reinsurance Recoverable, Allowance for Credit Gain [Roll Forward]
Balance, beginning of period	48,073	57,898
Amortization	(2,688)	(1,622)
Other	(9)
Balance, end of period	45,376	56,276
Variable Annuities
Reinsurance Recoverable, Allowance for Credit Gain [Roll Forward]
Balance, beginning of period	261,721	0
Amortization	(5,056)	0
Other	(40)
Balance, end of period	256,625	0
Variable/Universal Life
Reinsurance Recoverable, Allowance for Credit Gain [Roll Forward]
Balance, beginning of period	1,363,496	1,434,958
Amortization	(30,644)	(18,096)
Other	1,099,832
Balance, end of period	2,432,684	$ 1,416,862
Variable/Universal Life | Somerset Re
Reinsurance Recoverable, Allowance for Credit Gain [Roll Forward]
Other	1,216,000
Variable/Universal Life | PURC
Reinsurance Recoverable, Allowance for Credit Gain [Roll Forward]
Other	$ 116,000

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, 2024	Mar. 31, 2023
Movement in Deferred Sales Inducements [Roll Forward]
Balance, beginning of period	$ 351,424
Balance, end of period	344,893
Variable Annuities
Movement in Deferred Sales Inducements [Roll Forward]
Balance, beginning of period	351,424	$ 381,504
Capitalization	1,253	1,540
Amortization expense	(7,784)	(8,218)
Balance, end of period	$ 344,893	$ 374,826

Separate Accounts (Separate Acc

Separate Accounts (Separate Account Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Separate Account Investment [Line Items]
Separate account assets	$ 121,895,023	$ 119,188,485
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value, Separate Account Investment [Line Items]
Separate account assets	3,226	2,954
U.S. corporate securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	8,510	9,504
Foreign corporate securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	1,857	1,763
Asset-backed securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	950	0
Mortgage-backed securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	180	186
Equity
Fair Value, Separate Account Investment [Line Items]
Separate account assets	76,205,304	72,614,821
Fixed Income
Fair Value, Separate Account Investment [Line Items]
Separate account assets	35,761,710	37,065,162
Other
Fair Value, Separate Account Investment [Line Items]
Separate account assets	4,275,354	4,101,661
Equity securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	114,738	104,159
Other invested assets
Fair Value, Separate Account Investment [Line Items]
Separate account assets	5,496,400	5,258,900
Short-term investments
Fair Value, Separate Account Investment [Line Items]
Separate account assets	2,367	2,126
Cash and cash equivalents
Fair Value, Separate Account Investment [Line Items]
Separate account assets	$ 24,427	$ 27,249

Separate Accounts (Separate A_2

Separate Accounts (Separate Account Liabilities) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Separate Account, Liability [Roll Forward]
Balance, beginning of period	$ 119,188,485	$ 114,051,246
Deposits	846,928	700,408
Investment performance	6,174,133	5,753,189
Policy charges	(778,505)	(790,177)
Surrenders and withdrawals	(3,409,965)	(2,318,782)
Benefit payments	(89,013)	(79,876)
Net transfers (to) from separate account	(78,080)	(35,164)
Other	41,040	12,540
Balance, end of period	121,895,023	117,293,384
Cash surrender value	117,516,414	113,015,514
Variable Annuity
Separate Account, Liability [Roll Forward]
Balance, beginning of period	92,383,121	91,785,448
Deposits	149,538	92,053
Investment performance	4,150,157	4,515,993
Policy charges	(557,722)	(589,415)
Surrenders and withdrawals	(3,293,055)	(2,238,332)
Benefit payments	(15,282)	(18,196)
Net transfers (to) from separate account	6,723	(10,253)
Other	877	3,405
Balance, end of period	92,824,357	93,540,703
Cash surrender value	91,713,815	91,951,494
Variable Life
Separate Account, Liability [Roll Forward]
Balance, beginning of period	26,805,364	22,265,798
Deposits	697,390	608,355
Investment performance	2,023,976	1,237,196
Policy charges	(220,783)	(200,762)
Surrenders and withdrawals	(116,910)	(80,450)
Benefit payments	(73,731)	(61,680)
Net transfers (to) from separate account	(84,803)	(24,911)
Other	40,163	9,135
Balance, end of period	29,070,666	23,752,681
Cash surrender value	$ 25,802,599	$ 21,064,020

Liability For Future Policy B_3

Liability For Future Policy Benefits (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Other adjustments	$ 12,005	$ 4,402
Balance, end of period	18,227,141	18,505,583
Interest accrual	128,241	117,307
Other Businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, end of period	1,675	2,055
Nonparticipating Traditional And Limited-Pay Business
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Gain in net income		23,000
Loss in net income		(24,000)
Term Life
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, beginning of period	10,927,833	10,911,794
Effect of cumulative changes in discount rate assumptions, beginning of period	225,711	554,896
Balance at original discount rate, beginning of period	11,153,544	11,466,690
Effect of actual variances from expected experience and other activity			$ (54,196)	$ (4,111)
Adjusted balance, beginning of period	11,099,348	11,462,579
Issuances	192,492	132,627
Net premiums / considerations collected	(329,743)	(338,534)
Interest accrual	129,053	131,333
Other adjustments	(78)
Balance at original discount rate, end of period	11,091,072	11,388,005
Effect of cumulative changes in discount rate assumptions, end of period	(434,791)	(312,681)
Balance, end of period	10,656,281	11,075,324
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, beginning of period	18,426,207	17,835,251
Effect of cumulative changes in discount rate assumptions, beginning of period	331,571	962,034
Balance at original discount rate, beginning of period	18,757,778	18,797,285
Effect of actual variances from expected experience and other activity			(65,431)	(13,802)
Adjusted balance, beginning of period	18,692,347	18,783,483
Issuances	192,492	132,627
Interest accrual	223,989	223,841
Benefit payments	(368,247)	(378,918)
Other adjustments	(23)	1,278
Balance at original discount rate, end of period	18,740,558	18,762,311
Effect of cumulative changes in discount rate assumptions, end of period	(742,789)	(474,265)
Balance, end of period	17,997,769	18,288,046
Balance, end of period, pre-flooring	7,341,488	7,212,722
Flooring impact, end of period	44	0
Balance, end of period, post flooring	7,341,532	7,212,722
Reinsurance recoverable	6,650,332	6,719,094
Balance after reinsurance recoverables, end of period, post-flooring	691,200	493,628
Term Life | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Undiscounted expected future gross premiums	21,812,112	22,077,087
Discounted expected future gross premiums (at original discount rate)	14,968,218	15,222,212
Discounted expected future gross premiums (at current discount rate)	14,408,614	14,816,791
Undiscounted expected future benefits and expenses	29,069,972	29,198,512
Interest accrual	94,935	92,508
Gross Premiums	$ 446,853	$ 449,968
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)	5.16%	5.21%
Weighted-average interest rate (at current discount rate)	5.29%	5.05%
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	0
Effect of actual variances from expected experience and other activity			(290)	(599)
Issuances	8,595	9,560
Net premiums / considerations collected	(8,305)	(8,961)
Interest accrual	0	0
Other adjustments	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, beginning of period	228,788	204,727
Effect of cumulative changes in discount rate assumptions, beginning of period	19,521	24,876
Balance at original discount rate, beginning of period	248,309	229,603
Effect of actual variances from expected experience and other activity			(369)	1,427
Adjusted balance, beginning of period	247,940	231,030
Issuances	8,595	9,560
Interest accrual	2,204	2,137
Benefit payments	(7,544)	(7,418)
Other adjustments	(34)	(41)
Balance at original discount rate, end of period	251,161	235,268
Effect of cumulative changes in discount rate assumptions, end of period	(23,464)	(19,786)
Balance, end of period	227,697	215,482
Balance, end of period, pre-flooring	227,697	215,482
Flooring impact, end of period	0	0
Balance, end of period, post flooring	227,697	215,482
Reinsurance recoverable	18,428	17,336
Balance after reinsurance recoverables, end of period, post-flooring	209,269	198,146
Fixed Annuities | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
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	336,830	316,153
Interest accrual	2,204	2,137
Gross Premiums	$ 8,572	$ 10,891
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	6 years
Weighted-average interest rate (at original discount rate)	3.76%	3.69%
Weighted-average interest rate (at current discount rate)	5.26%	5.01%
Fixed Annuity Netting
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Adjusted balance, beginning of period	$ (290)	$ (599)
Term Life And Fixed Annuities
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, beginning of period	10,927,833	10,911,794
Effect of cumulative changes in discount rate assumptions, beginning of period	225,711	554,896
Balance at original discount rate, beginning of period	11,153,544	11,466,690
Effect of actual variances from expected experience and other activity			(54,486)	(4,710)
Adjusted balance, beginning of period	11,099,058	11,461,980
Issuances	201,087	142,187
Net premiums / considerations collected	(338,048)	(347,495)
Interest accrual	129,053	131,333
Other adjustments	(78)
Balance at original discount rate, end of period	11,091,072	11,388,005
Effect of cumulative changes in discount rate assumptions, end of period	(434,791)	(312,681)
Balance, end of period	10,656,281	11,075,324
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, end of period, pre-flooring	7,569,185	7,428,204
Flooring impact, end of period	44	0
Balance, end of period, post flooring	7,569,229	7,428,204
Reinsurance recoverable	6,668,760	6,736,430
Balance after reinsurance recoverables, end of period, post-flooring	900,469	691,774
Term Life And Fixed Annuities | Total
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, beginning of period	18,654,995	18,039,978
Effect of cumulative changes in discount rate assumptions, beginning of period	351,092	986,910
Balance at original discount rate, beginning of period	19,006,087	19,026,888
Effect of actual variances from expected experience and other activity			$ (65,800)	$ (12,375)
Adjusted balance, beginning of period	18,940,287	19,014,513
Issuances	201,087	142,187
Interest accrual	226,193	225,978
Benefit payments	(375,791)	(386,336)
Other adjustments	(57)	1,237
Balance at original discount rate, end of period	18,991,719	18,997,579
Effect of cumulative changes in discount rate assumptions, end of period	(766,253)	(494,051)
Balance, end of period	$ 18,225,466	$ 18,503,528

Liability For Future Policy B_4

Liability For Future Policy Benefits (Deferred Profit Liability) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Other adjustments	$ 12,005	$ 4,402
Deferred Profit Liability Netting
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Revenue	(221)	(539)
Fixed Annuities
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of actual variances from expected experience and other activity			$ (369)	$ 1,427
Adjusted balance, beginning of period			247,940	231,030
Interest accrual	2,204	2,137
Other adjustments	(34)	(41)
Balance, end of period, post-flooring	227,697	215,482
Reinsurance recoverable	18,428	17,336
Balance after reinsurance recoverables, end of period, post-flooring	209,269	198,146
Fixed Annuities | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Revenue	8,572	10,891
Fixed Annuities | Deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, beginning of period, post-flooring	14,818	18,193
Effect of actual variances from expected experience and other activity			330	(951)
Adjusted balance, beginning of period			$ 15,148	$ 17,242
Profits deferred	216	1,856
Interest accrual	133	182
Amortization	(456)	(541)
Other adjustments	(3)	(8)
Balance, end of period, post-flooring	15,038	18,731
Reinsurance recoverable	1,576	1,545
Balance after reinsurance recoverables, end of period, post-flooring	13,462	17,186
Fixed Annuities | Deferred profit liability | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Interest accrual	133	182
Fixed Annuities | Deferred Profit Liability Netting
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Revenue	(221)	(539)
Fixed Annuities | Deferred Profit Liability Netting | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Revenue	$ (221)	$ (539)

Liability For Future Policy B_5

Liability For Future Policy Benefits (Additional Insurance Reserves) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Insurance [Abstract]
Balance, including amounts in AOCI, post-flooring	$ 14,280,793	$ 12,664,445
Flooring impact and amounts in AOCI	831,583	1,269,237
Balance, excluding amounts in AOCI, beginning of period, pre-flooring	15,112,376	13,933,682
Effect of actual variances from expected experience and other activity			$ 191,103	$ (32,188)
Adjusted balance, beginning of period			$ 15,303,479	$ 13,901,494
Assessments collected	297,419	267,869
Interest accrual	128,241	117,307
Benefits paid	(68,233)	(71,551)
Balance, excluding amounts in AOCI, end of period, pre-flooring	15,660,906	14,215,119
Flooring impact and amounts in AOCI	(1,014,852)	(962,417)
Balance, including amounts in AOCI, end of period, post-flooring	14,646,054	13,252,702
Less: Reinsurance recoverables	14,466,067	13,029,847
Balance after reinsurance recoverables, including amounts in AOCI, end of period	179,987	222,855
Gross assessments	$ 419,396	$ 427,489
Weighted-average duration of the liability in years (at original discount rate)	22 years	22 years
Weighted-average interest rate (at original discount rate)	3.39%	3.38%

Liability For Future Policy B_6

Liability For Future Policy Benefits (Future Policy Benefits) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Insurance [Abstract]
Benefit reserves, end of period, post-flooring	$ 7,569,229		$ 7,428,204
Deferred profit liability, end of period, post-flooring	15,038		18,731
Additional insurance reserves, including amounts in AOCI, end of period, post-flooring	14,646,054		13,252,702
Subtotal of amounts disclosed above	22,230,321		20,699,637
Other Future Policy Benefits reserves	1,181,796		1,059,906
Total Future policy Benefits	$ 23,412,117	$ 23,205,205	$ 21,759,543

Liability For Future Policy B_7

Liability For Future Policy Benefits (Revenue and Interest Expense) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Benefit Reserves
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	$ 455,425	$ 460,859
Interest expense	97,139	94,645
Benefit Reserves | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	446,853	449,968
Interest expense	94,935	92,508
Benefit Reserves | Variable/Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	0
Benefit Reserves | Fixed Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	8,572	10,891
Interest expense	2,204	2,137
Deferred profit liability
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	133	182
Deferred profit liability | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	0	0
Deferred profit liability | Variable/Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	0	0
Deferred profit liability | Fixed Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	133	182
Additional insurance reserves
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	419,396	427,489
Interest expense	128,241	117,307
Additional insurance reserves | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	0
Additional insurance reserves | Variable/Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	419,396	427,489
Interest expense	128,241	117,307
Additional insurance reserves | Fixed Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	0
Deferred Profit Liability Netting
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(221)	(539)
Deferred Profit Liability Netting | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Deferred Profit Liability Netting | Variable/Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Deferred Profit Liability Netting | Fixed Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(221)	(539)
Revenues
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	874,600	887,809
Revenues | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	446,853	449,968
Revenues | Variable/Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	419,396	427,489
Revenues | Fixed Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	8,351	10,352
Interest Expense
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	225,513	212,134
Interest Expense | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	94,935	92,508
Interest Expense | Variable/Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	128,241	117,307
Interest Expense | Fixed Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	$ 2,337	$ 2,319

Policyholders' Liabilities (Det

Policyholders' Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	$ 53,012,800
Transfer to (from) Policyholder Account Balance (to) from Separate Account	78,080	$ 35,164
Unearned revenue reserve	3,908,497	3,234,755
Other	103,851	100,146
Total Policyholders' account balance	$ 57,764,158	$ 43,799,121
Weighted-average crediting rate	2.17%	2.35%
Net amount at risk	$ 327,231,579	$ 308,975,510
Cash surrender value	48,856,565	36,039,509
Total
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	49,168,791	38,744,221
Deposits	3,708,020	2,043,604
Interest credited	279,719	232,378
Policy charges	(457,032)	(457,837)
Surrenders and withdrawals	(483,591)	(372,916)
Benefit payments	(35,661)	(45,610)
Transfer to (from) Policyholder Account Balance (to) from Separate Account	78,080	35,164
Change in market value and other adjustments	1,493,484	285,216
Balance, end of period	53,751,810	40,464,220
Fixed Annuities
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	6,164,313	3,575,824
Deposits	1,553,852	564,236
Interest credited	43,517	11,996
Policy charges		(118)
Surrenders and withdrawals	(103,696)	(43,158)
Benefit payments	(12,879)	(10,215)
Transfer to (from) Policyholder Account Balance (to) from Separate Account	0	0
Change in market value and other adjustments	88,291	9,343
Balance, end of period	7,735,606	4,107,908
Total Policyholders' account balance	$ 3,148,584	$ 1,445,843
Weighted-average crediting rate	2.50%	1.25%
Net amount at risk	$ 18	$ 7
Cash surrender value	6,674,346	3,459,140
Variable Annuity
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	22,836,765	16,432,032
Deposits	1,624,956	948,987
Interest credited	98,143	78,629
Policy charges	(3,702)	(5,729)
Surrenders and withdrawals	(179,988)	(113,424)
Benefit payments	(4,926)	(10,624)
Transfer to (from) Policyholder Account Balance (to) from Separate Account	(6,723)	10,253
Change in market value and other adjustments	1,368,024	191,448
Balance, end of period	25,732,549	17,531,572
Total Policyholders' account balance	$ 2,821,316	$ 3,172,877
Weighted-average crediting rate	1.62%	1.85%
Net amount at risk	$ 0	$ 0
Cash surrender value	23,282,269	15,338,366
Variable/Universal Life
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	20,167,713	18,736,365
Deposits	529,212	530,381
Interest credited	138,059	141,753
Policy charges	(455,538)	(451,990)
Surrenders and withdrawals	(199,907)	(216,334)
Benefit payments	(17,856)	(24,771)
Transfer to (from) Policyholder Account Balance (to) from Separate Account	84,803	24,911
Change in market value and other adjustments	37,169	84,425
Balance, end of period	20,283,655	18,824,740
Total Policyholders' account balance	$ 17,462,288	$ 16,575,928
Weighted-average crediting rate	2.73%	3.02%
Net amount at risk	$ 327,231,561	$ 308,975,503
Cash surrender value	18,899,950	$ 17,242,003
Fixed Annuity Netting
Additional Liability, Long-Duration Insurance [Roll Forward]
Policy charges	$ 2,208

Policyholders' Liabilities (Gua

Policyholders' Liabilities (Guaranteed Minimum Crediting Rate) (Details) $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 57,764,158	$ 53,012,800	$ 43,799,121
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
Fixed Annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 3,148,584	6,164,313	$ 1,445,843	$ 3,575,824
Fixed Annuities | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,098,331		787,277
Fixed Annuities | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	542,427		285,453
Fixed Annuities | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	790,155		278,292
Fixed Annuities | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	717,671		94,821
Variable Annuity
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,821,316	22,836,765	3,172,877	16,432,032
Variable Annuity | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,984,021		2,298,619
Variable Annuity | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	762,131		854,374
Variable Annuity | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	74,969		19,882
Variable Annuity | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	195		2
Variable/Universal Life
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	17,462,288	$ 20,167,713	16,575,928	$ 18,736,365
Variable/Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	6,288,393		6,959,702
Variable/Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	3,839,363		1,963,098
Variable/Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	5,434,330		5,433,534
Variable/Universal Life | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1,900,202		$ 2,219,594
Less than 1.00% | Fixed Annuities
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
Account Values with Crediting Rates	$ 629,911		$ 50
Less than 1.00% | Fixed Annuities | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	285		0
Less than 1.00% | Fixed Annuities | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,923		23
Less than 1.00% | Fixed Annuities | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	6,312		27
Less than 1.00% | Fixed Annuities | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 621,391		$ 0
Less than 1.00% | Variable Annuity
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
Account Values with Crediting Rates	$ 1,663,027		$ 1,871,203
Less than 1.00% | Variable Annuity | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	865,767		1,004,577
Less than 1.00% | Variable Annuity | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	727,194		848,029
Less than 1.00% | Variable Annuity | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	69,871		18,595
Less than 1.00% | Variable Annuity | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 195		$ 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	$ 184,308		$ 10,513
Less than 1.00% | Variable/Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
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	184,308		10,513
1.00% - 1.99% | Fixed Annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 843,781		$ 925,431
1.00% - 1.99% | Fixed Annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
1.00% - 1.99% | Fixed Annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%		1.99%
1.00% - 1.99% | Fixed Annuities | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 473,330		$ 515,521
1.00% - 1.99% | Fixed Annuities | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	72,870		74,533
1.00% - 1.99% | Fixed Annuities | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	217,461		251,361
1.00% - 1.99% | Fixed Annuities | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	80,120		84,016
1.00% - 1.99% | Variable Annuity
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 241,200		$ 239,703
1.00% - 1.99% | Variable Annuity | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
1.00% - 1.99% | Variable Annuity | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%		1.99%
1.00% - 1.99% | Variable Annuity | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 216,457		$ 236,212
1.00% - 1.99% | Variable Annuity | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	23,819		2,204
1.00% - 1.99% | Variable Annuity | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	924		1,287
1.00% - 1.99% | Variable Annuity | 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	$ 3,402,503		$ 3,169,413
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	$ 226,470		$ 149,551
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	1,661,933		1,071,226
1.00% - 1.99% | Variable/Universal Life | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,514,100		1,948,636
2.00% - 2.99% | Fixed Annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1,346,001		$ 484,352
2.00% - 2.99% | Fixed Annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%		2%
2.00% - 2.99% | Fixed Annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%		2.99%
2.00% - 2.99% | Fixed Annuities | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 300,163		$ 235,746
2.00% - 2.99% | Fixed Annuities | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	465,693		210,897
2.00% - 2.99% | Fixed Annuities | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	564,226		26,904
2.00% - 2.99% | Fixed Annuities | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	15,919		10,805
2.00% - 2.99% | Variable Annuity
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 29,282		$ 27,558
2.00% - 2.99% | Variable Annuity | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%		2%
2.00% - 2.99% | Variable Annuity | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%		2.99%
2.00% - 2.99% | Variable Annuity | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 20,916		$ 25,642
2.00% - 2.99% | Variable Annuity | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	4,192		1,916
2.00% - 2.99% | Variable Annuity | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	4,174		0
2.00% - 2.99% | Variable Annuity | 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	$ 4,548,336		$ 4,419,514
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	$ 29,823		$ 32,394
2.00% - 2.99% | Variable/Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,462,438		122,790
2.00% - 2.99% | Variable/Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,854,281		4,003,885
2.00% - 2.99% | Variable/Universal Life | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	201,794		260,445
3.00% - 4.00% | Fixed Annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 328,891		$ 36,010
3.00% - 4.00% | Fixed Annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%		3%
3.00% - 4.00% | Fixed Annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
3.00% - 4.00% | Fixed Annuities | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 324,553		$ 36,010
3.00% - 4.00% | Fixed Annuities | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,941		0
3.00% - 4.00% | Fixed Annuities | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,156		0
3.00% - 4.00% | Fixed Annuities | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	241		0
3.00% - 4.00% | Variable Annuity
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 885,741		$ 1,032,253
3.00% - 4.00% | Variable Annuity | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%		3%
3.00% - 4.00% | Variable Annuity | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
3.00% - 4.00% | Variable Annuity | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 878,815		$ 1,030,028
3.00% - 4.00% | Variable Annuity | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	6,926		2,225
3.00% - 4.00% | Variable Annuity | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% | Variable Annuity | 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	$ 7,199,615		$ 6,842,077
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	$ 3,904,574		$ 4,643,346
3.00% - 4.00% | Variable/Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,376,925		1,840,308
3.00% - 4.00% | Variable/Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	918,116		358,423
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		$ 0
Greater than 4.00% | Fixed Annuities
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
Account Values with Crediting Rates	$ 0		$ 0
Greater than 4.00% | Fixed Annuities | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% | Fixed Annuities | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% | Fixed Annuities | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% | Fixed 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 Annuity
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
Account Values with Crediting Rates	$ 2,066		$ 2,160
Greater than 4.00% | Variable Annuity | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,066		2,160
Greater than 4.00% | Variable Annuity | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% | Variable Annuity | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% | Variable Annuity | 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	$ 2,127,526		$ 2,134,411
Greater than 4.00% | Variable/Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,127,526		2,134,411
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

Policyholders' Liabilities (Add

Policyholders' Liabilities (Additional Insurance Reserves) (Details) - Variable/Universal Life - Policyholder Contract Deposit - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, beginning of period	$ 3,741,426	$ 3,067,335
Unearned revenue	211,542	200,262
Amortization Expense	(44,470)	(32,752)
Other adjustments	(1)	(90)
Balance, end of period	3,908,497	3,234,755
Less: Reinsurance recoverables	1,762,417	1,583,054
Unearned revenue reserve net of reinsurance recoverables	$ 2,146,080	$ 1,651,701

Market Risk Benefits - Rollforw

Market Risk Benefits - Rollforward of Balances for Variable Annuity Products (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Variable Annuities
Market Risk Benefit [Roll Forward]
Balance, beginning of period	$ 3,694,950	$ 4,550,625
Effect of cumulative changes in non-performance risk	1,068,035	1,727,910
Balance, beginning of period, before effect of changes in non-performance risk	4,762,985	6,278,535
Attributed fees collected	281,171	293,206
Claims paid	(16,417)	(23,881)
Interest accrual	68,360	78,947
Actual in force different from expected	2,495	19,425
Effect of changes in interest rates	(832,834)	438,057
Effect of changes in equity markets	(846,759)	(635,535)
Issuances	12,766
Effect of changes in current period counterparty non-performance risk	0	0
Other adjustments	13,017	77,790
Balance, end of period, before effect of changes in non-performance risk	3,444,784	6,526,544
Effect of cumulative changes in non-performance risk	(829,061)	(1,908,334)
Balance, end of period	2,615,723	4,618,210
Less: Reinsured Market Risk Benefits
Market Risk Benefit [Roll Forward]
Balance, beginning of period	(917,792)	(422,261)
Effect of cumulative changes in non-performance risk	0	0
Balance, beginning of period, before effect of changes in non-performance risk	(917,792)	(422,261)
Interest accrual	(15,642)	(2,290)
Actual in force different from expected	(4,539)	(2,389)
Effect of changes in interest rates	180,022	(49,031)
Effect of changes in equity markets	87,042	66,494
Effect of changes in current period counterparty non-performance risk	(26,662)	18,297
Other adjustments	(603)	0
Balance, end of period, before effect of changes in non-performance risk	(764,249)	(424,017)
Effect of cumulative changes in non-performance risk	0	0
Balance, end of period	(764,249)	(424,017)
Less: Reinsured Market Risk Benefits
Market Risk Benefit [Roll Forward]
Attributed fees collected	(66,967)	(34,490)
Claims paid	1,511	1,653
Issuances	(619)
Total, Net of Reinsurance
Market Risk Benefit [Roll Forward]
Balance, beginning of period	2,777,158	4,128,364
Effect of cumulative changes in non-performance risk	1,068,035	1,727,910
Balance, beginning of period, before effect of changes in non-performance risk	3,845,193	5,856,274
Attributed fees collected	214,204	258,716
Claims paid	(14,906)	(22,228)
Interest accrual	52,718	76,657
Actual in force different from expected	(2,044)	17,036
Effect of changes in interest rates	(652,812)	389,026
Effect of changes in equity markets	(759,717)	(569,041)
Issuances	12,147
Effect of changes in current period counterparty non-performance risk	(26,662)	18,297
Other adjustments	12,414	77,790
Balance, end of period, before effect of changes in non-performance risk	2,680,535	6,102,527
Effect of cumulative changes in non-performance risk	(829,061)	(1,908,334)
Balance, end of period	$ 1,851,474	$ 4,194,193

Market Risk Benefits - Market R

Market Risk Benefits - Market Risk Benefits In Asset and Liability Positions (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Liability for Future Policy Benefit, Activity [Line Items]
Total market risk benefit assets	$ 2,536,843	$ 1,427,000	$ 2,367,243
Total market risk benefit liabilities	4,388,317	5,622,000	5,144,401
Variable Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Net amount at risk	$ 8,350,431	$ 10,414,717
Weighted-average attained age of contractholders	70 years	69 years
Direct and assumed	$ 1,472,957	$ 880,131
Ceded	1,063,886	547,357
Total market risk benefit assets	2,536,843	1,427,488
Direct and assumed	4,088,679	5,498,342
Ceded	299,638	123,339
Total market risk benefit liabilities	4,388,317	5,621,681
Net liability	$ 1,851,474	$ 4,194,193	$ 3,694,950	$ 4,550,625

Reinsurance (Reinsurance amount

Reinsurance (Reinsurance amounts included in the Statements of Financial Position) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Effects of Reinsurance [Line Items]
Reinsurance recoverables	$ 41,124,532	$ 38,709,651
Policy Loans	(1,496,241)	(1,472,677)
Deferred policy acquisition costs	(7,245,454)	(7,097,511)	$ (7,039,669)	$ (6,930,425)
Deferred sale inducement	(344,893)	(351,424)
Market risk benefits assets	2,536,843	2,367,243	1,427,000
Other Assets	2,347,175	2,078,938
Future policy benefits	23,412,117	23,205,205	21,759,543
Market risk benefit liabilities	4,388,317	5,144,401	$ 5,622,000
Other liabilities	8,409,164	5,170,308
Impacts of Reinsurance
Effects of Reinsurance [Line Items]
Reinsurance recoverables	41,124,532	38,709,651
Policy Loans	(1,094,070)	(1,082,584)
Deferred policy acquisition costs	(3,190,663)	(3,195,161)
Deferred sale inducement	(34,683)	(35,313)
Market risk benefits assets	1,064,022	1,165,378
Other Assets	2,198,467	1,897,410
Policyholders’ account balances	5,901,708	5,977,108
Future policy benefits	7,109,698	7,026,209
Market risk benefit liabilities	302,169	249,538
Other liabilities	7,703,446	4,397,862
Unaffiliated activity
Effects of Reinsurance [Line Items]
Market risk benefits assets	715,512	745,662
Other Assets	2,099,315	1,795,422
Policyholders’ account balances	1,817,895	1,830,579
Future policy benefits	130	453
Market risk benefit liabilities	157,687	131,594
Other liabilities	2,179,341	1,915,205
Unaffiliated activity
Effects of Reinsurance [Line Items]
Deferred policy acquisition costs	$ 68,424	$ 71,315

Reinsurance (Reinsurance Recove

Reinsurance (Reinsurance Recoverable by Counterparty) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	$ 41,124,532	$ 38,709,651
PAR U
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	18,869,883	15,722,061
PURC
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	0	7,565,968
PARCC
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	2,212,090	2,304,270
GUL Re
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	0	3,211,899
PAR Term
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	2,048,613	2,101,004
Prudential Insurance
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	4,060,181	1,311,525
Term Re
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	2,040,735	2,080,564
Lotus Re
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	2,062,495	2,051,831
DART
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	779,290	744,043
PURE
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	7,475,955	0
Unaffiliated activity
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	$ 1,575,290	$ 1,616,486

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, 2024	Mar. 31, 2023
Premiums:
Direct	$ 459,628	$ 462,067
Assumed	33	(156)
Ceded	(367,479)	(385,255)
Net Premiums	92,182	76,656
Policy charges and fee income:
Direct	771,189	735,938
Assumed	258,770	152,600
Ceded	1,879,246	(502,047)
Net policy charges and fee income	2,909,205	386,491
Net investment income:
Direct	519,052	350,323
Assumed	330	343
Ceded	(14,062)	(1,216)
Net investment income	505,320	349,450
Asset administration fees:
Direct	82,688	80,356
Assumed	0	0
Ceded	(26,056)	(16,154)
Net asset administration fees	56,632	64,202
Other income (loss):
Direct	44,816	225,734
Assumed	325	(293)
Ceded	168,344	19,406
Net other income (loss)	213,485	244,847
Realized investment gains (losses), net:
Direct	12,356	(245,923)
Assumed	(9,167)	138,666
Ceded	19,811	(13,422)
Realized investment gains (losses), net	23,000	(120,679)
Change in value of market risk benefits, net of related hedging gain (loss):
Direct	313,886	33,120
Assumed	(466)	(6,217)
Ceded	(221,829)	(6,701)
Net change in value of market risk benefits, net of related hedging gain (loss)	91,591	20,202
Policyholders’ benefits (including change in reserves):
Direct	1,001,446	878,785
Assumed	287,411	317,287
Ceded	2,817,551	(1,090,890)
Net policyholders’ benefits (including change in reserves	4,106,408	105,182
Change in estimates of liability for future policy benefits:
Direct	139,586	(48,501)
Assumed	(9,510)	1,807
Ceded	(142,081)	42,292
Net change in estimates of liability for future policy benefits	(12,005)	(4,402)
Interest credited to policyholders’ account balances:
Direct	278,390	222,575
Assumed	46,148	38,506
Ceded	(99,988)	(100,859)
Net interest credited to policyholders’ account balances	224,550	160,222
Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization	(390,143)	(117,830)
Unaffiliated activity
Premiums:
Assumed	30	(166)
Ceded	(25,152)	(16,575)
Policy charges and fee income:
Assumed	272	540
Ceded	(42,012)	(23,938)
Net investment income:
Ceded	0	10,920
Asset administration fees:
Ceded	(7,316)	0
Other income (loss):
Assumed	429	(293)
Ceded	21,804	1,622
Realized investment gains (losses), net:
Assumed	(9,167)	138,666
Ceded	25,225	(14,581)
Change in value of market risk benefits, net of related hedging gain (loss):
Assumed	(466)	(6,217)
Ceded	(98,008)	(4,773)
Policyholders’ benefits (including change in reserves):
Assumed	333	91
Ceded	(146,828)	(27,702)
Change in estimates of liability for future policy benefits:
Ceded	91,873	0
Interest credited to policyholders’ account balances:
Assumed	$ 17,459	$ 7,469

Reinsurance (Life Insurance In

Reinsurance (Life Insurance In Force) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Reinsurance Disclosures [Abstract]
Direct gross life insurance face amount in force	$ 1,136,350,824	$ 1,098,986,043
Assumed gross life insurance face amount in force	35,289,794	36,379,128
Reinsurance ceded	(1,034,508,027)	(1,012,593,512)
Net life insurance face amount in force	$ 137,132,591	$ 122,771,659

Reinsurance (Narrative) (Detail

Reinsurance (Narrative) (Details)

3 Months Ended

21 Months Ended

24 Months Ended

36 Months Ended

48 Months Ended

60 Months Ended

Apr. 01, 2023 USD ($)

Jan. 01, 2022 USD ($)

Jul. 01, 2019

Jul. 01, 2017

Jan. 01, 2015

Dec. 31, 2014

Jul. 01, 2012

Dec. 31, 2010

Dec. 31, 2009

Mar. 31, 2024 USD ($) counterparty

Mar. 31, 2023 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, 2014

Dec. 31, 2013

Dec. 31, 2019

Jan. 01, 2024 USD ($)

Dec. 31, 2023 USD ($)

Dec. 31, 2022 USD ($)

Oct. 01, 2021 USD ($)

Effects of Reinsurance [Line Items]

Deferred Reinsurance Gain

$ 2,734,685,000

$ 1,473,138,000

$ 1,673,290,000

$ 1,492,856,000

Policy charges and fee income

(2,909,205,000)

(386,491,000)

Policy loan assets

1,496,241,000

1,472,677,000

Reinsurance recoverables

41,124,532,000

38,709,651,000

Impacts of Reinsurance

Effects of Reinsurance [Line Items]

Policy loan assets

1,094,070,000

1,082,584,000

Reinsurance recoverables

41,124,532,000

38,709,651,000

PAR U

Effects of Reinsurance [Line Items]

Reinsurance recoverables

18,869,883,000

15,722,061,000

PURE

Effects of Reinsurance [Line Items]

Reinsurance recoverables

7,475,955,000

0

PURC

Effects of Reinsurance [Line Items]

Reinsurance recoverables

0

7,565,968,000

PARCC

Effects of Reinsurance [Line Items]

Reinsurance recoverables

2,212,090,000

2,304,270,000

GUL Re

Effects of Reinsurance [Line Items]

Reinsurance recoverables

0

3,211,899,000

PAR Term

Effects of Reinsurance [Line Items]

Reinsurance recoverables

2,048,613,000

2,101,004,000

Term Re

Effects of Reinsurance [Line Items]

Reinsurance recoverables

2,040,735,000

2,080,564,000

Prudential Insurance

Effects of Reinsurance [Line Items]

Reinsurance recoverables

4,060,181,000

1,311,525,000

Lotus Re

Effects of Reinsurance [Line Items]

Reinsurance recoverables

2,062,495,000

2,051,831,000

DART

Effects of Reinsurance [Line Items]

Reinsurance recoverables

779,290,000

744,043,000

Somerset Re

Effects of Reinsurance [Line Items]

Deferred Reinsurance Gain

$ 1,216,000,000

Deposit assets on reinsurance

1,929,000,000

1,618,000,000

Funds witheld liabilities

1,790,000,000

1,518,000,000

Recapture loss

999,000,000

Union Hamilton

Effects of Reinsurance [Line Items]

Reinsurance recoverables

2,300,000,000

Union Hamilton | Quote Share Reinsurance

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

50%

AuguStar

Effects of Reinsurance [Line Items]

Deferred Reinsurance Gain

$ 277,000,000

Reinsured Amount

$ 10,000,000,000

Percent of total reinsured block

0.10

AuguStar | Separate account liabilities under MODCO

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

100%

AuguStar | General account liabilities under MODCO

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

100%

Variable Annuity

Effects of Reinsurance [Line Items]

Deferred Reinsurance Gain

256,625,000

0

261,721,000

0

Variable Annuity | FLIAC

Effects of Reinsurance [Line Items]

Funds held under reinsurance agreements

5,300,000,000

Fixed Annuities

Effects of Reinsurance [Line Items]

Deferred Reinsurance Gain

45,376,000

$ 56,276,000

$ 48,073,000

$ 57,898,000

Fixed Annuities | FLIAC

Effects of Reinsurance [Line Items]

Funds held under reinsurance agreements

$ 2,000,000,000

Percent of total reinsured block

0.80

Affiliated Entity | PAR U

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

100%

70%

25%

Affiliated Entity | PURE

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

75%

Affiliated Entity | PURC

Effects of Reinsurance [Line Items]

Deferred Reinsurance Gain

$ 116,000,000

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]

Policy charges and fee income

$ (305,000,000)

Number of counterparties | counterparty

2

Affiliated Entity | Lotus Re | Impacts of Reinsurance

Effects of Reinsurance [Line Items]

Reinsurance liabilities associated with the risks of the coinsurance agreement

$ 32,000,000

Reinsurance agreement ceded risk

100%

Net liabilities associated with the transaction for coinsurance

$ 1,387,000,000

Net liabilities associated with the transaction for modified coinsurance

14,037,000,000

Policy loan assets

855,000,000

Cash received

820,000,000

Recognized gain

$ 1,352,000,000

Affiliated Entity | DART

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

95%

PLNJ | Affiliated Entity | PAR U

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

95%

100%

PLNJ | Affiliated Entity | PURE

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

100%

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (63,617)	$ 56,239
Effective Income Tax Rate, Percent	10.52%	16.74%
Federal Statutory Income Tax Rate, Percent	21%
Book-income Alternative Minimum Tax Rate	15%

Equity (Accumulated Other Compr

Equity (Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	$ (30,920)
Income tax benefit (expense)	109,291	$ (110,262)
Ending Balance	(443,442)
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(18,085)	(20,007)
Change in OCI before reclassifications	(2,362)	2,666
Amounts reclassified from AOCI	0	0
Income tax benefit (expense)	212	(181)
Ending Balance	(20,235)	(17,522)
Net unrealized investment gains (losses)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(927,778)	(1,474,475)
Change in OCI before reclassifications	(297,240)	377,650
Amounts reclassified from AOCI	(16,067)	4,451
Income tax benefit (expense)	65,788	(80,219)
Ending Balance	(1,175,297)	(1,172,593)
Interest Rate Remeasurement of Future Policy Benefits
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	71,195	119,368
Change in OCI before reclassifications	32,830	(38,224)
Amounts reclassified from AOCI	0	0
Income tax benefit (expense)	(6,894)	8,027
Ending Balance	97,131	89,171
Gain (Loss) from Changes in Non-Performance Risk on Market Risk Benefits
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	843,748	1,365,049
Change in OCI before reclassifications	(238,974)	180,423
Amounts reclassified from AOCI	0	0
Income tax benefit (expense)	50,185	(37,889)
Ending Balance	654,959	1,507,583
Accumulated Other Comprehensive   Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(30,920)	(10,065)
Change in OCI before reclassifications	(505,746)	522,515
Amounts reclassified from AOCI	(16,067)	4,451
Income tax benefit (expense)	109,291	(110,262)
Ending Balance	(443,442)	406,639
Cash flow hedges | Net unrealized investment gains (losses)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	12,000	139,000
Ending Balance	$ 39,000	$ 118,000

Equity (Reclassification out of

Equity (Reclassification out of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net unrealized investment gains (losses)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	$ (16,067)	$ 4,451
AOCI Attributable to Parent
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(16,067)	4,451
Amounts reclassified from AOCI | Net unrealized investment gains (losses)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	16,067	(4,451)
Amounts reclassified from AOCI | AOCI Attributable to Parent
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	16,067	(4,451)
Amounts reclassified from AOCI | Fixed maturities, available-for-sale
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	(6,837)	(8,221)
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)	$ 22,904	$ 3,770

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, 2024 USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	$ (30,920)
Ending Balance	(443,442)
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	1,987
Net investment gains (losses) on investments arising during the period	(596)
Reclassification adjustment for (gains) losses included in net income	(9)
Reclassification due to allowance for credit losses recorded during the period	(26)
Impact of net unrealized investment (gains) losses	0
Ending Balance	1,356
Net Unrealized Investment Gains (Losses) on All Other Investments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(1,404,180)
Net investment gains (losses) on investments arising during the period	(339,362)
Reclassification adjustment for (gains) losses included in net income	(16,058)
Reclassification due to allowance for credit losses recorded during the period	26
Impact of net unrealized investment (gains) losses	0
Ending Balance	(1,759,574)
Other Costs
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(801,351)
Net investment gains (losses) on investments arising during the period	0
Reclassification adjustment for (gains) losses included in net income	0
Reclassification due to allowance for credit losses recorded during the period	0
Impact of net unrealized investment (gains) losses	(184,494)
Ending Balance	(985,845)
Future Policy Benefits and Policyholders’ Account Balances and other liabilities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	1,029,098
Net investment gains (losses) on investments arising during the period	0
Reclassification adjustment for (gains) losses included in net income	0
Reclassification due to allowance for credit losses recorded during the period	0
Impact of net unrealized investment (gains) losses	227,212
Ending Balance	1,256,310
Income Tax Benefit (Expense)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	246,668
Net investment gains (losses) on investments arising during the period	71,420
Reclassification adjustment for (gains) losses included in net income	3,375
Reclassification due to allowance for credit losses recorded during the period	0
Impact of net unrealized investment (gains) losses	(9,007)
Ending Balance	312,456
Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(927,778)
Net investment gains (losses) on investments arising during the period	(268,538)
Reclassification adjustment for (gains) losses included in net income	(12,692)
Reclassification due to allowance for credit losses recorded during the period	0
Impact of net unrealized investment (gains) losses	33,711
Ending Balance	$ (1,175,297)

Equity - Narrative (Details)

Equity - Narrative (Details)	Mar. 31, 2024
Certain Subsidiaries
Subsidiary or Equity Method Investee [Line Items]
Subsidiary, ownership percentage	100%

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details)	1 Months Ended		3 Months Ended					12 Months Ended
	May 31, 2023 USD ($)	Feb. 28, 2023 USD ($)	Mar. 31, 2024 USD ($) policy	Dec. 31, 2023 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Related Party Transaction [Line Items]
Commissions and fees			$ 2,909,205,000				$ 386,491,000
Payments to Fund Policy Loans			64,385,000				44,573,000
Policy loans			1,496,241,000	$ 1,472,677,000				$ 1,472,677,000
Net investment income			505,320,000				349,450,000
Other invested assets			1,337,953,000	1,222,985,000				1,222,985,000
Fee income from revenue sharing agreement			56,632,000				64,202,000
Accrued investment income			361,054,000	333,838,000				333,838,000
Prudential Insurance
Related Party Transaction [Line Items]
Contributed Capital		$ 405,000,000		7,000,000
Return of Capital				450,000,000	$ 650,000,000	$ 300,000,000
Dividends			0					0
PGF
Related Party Transaction [Line Items]
Investment Income, Interest			128,000,000				110,000,000
Prudential Insurance
Related Party Transaction [Line Items]
Stock option program plan expense			200,000				100,000
Deferred compensation program expense			3,300,000				2,700,000
Pension plan expense			3,000,000				3,000,000
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			$ 4,325,000,000	4,156,000,000				4,156,000,000
Fees related to Life Insurance, Corporate or Bank Owned, amount			13,000,000				13,000,000
Prudential Financial
Related Party Transaction [Line Items]
Company's share of corporate expenses			$ 36,000,000				39,000,000
Number of Corporate Owned Life Insurance policies sold | policy			1
Payments to Fund Policy Loans	$ 900,000,000
Policy loans			$ 898,000,000	898,000,000				898,000,000
Interest Income on Policy Loans			10,000,000
Affiliated Entity
Related Party Transaction [Line Items]
Net investment income			2,000,000				2,000,000
Accrued interest receivable related to long-term notes receivable			1,000,000	1,000,000				1,000,000
Revenues related to long-term notes receivable			1,000,000				1,000,000
Accrued investment income			500,000	500,000				500,000
Line of credit facility, maximum borrowing capacity			7,000,000,000
Long-term debt to affiliates			0	0				0
Interest expense related to loans payable, Related Party			4,000,000				3,000,000
Affiliated Entity | PAD
Related Party Transaction [Line Items]
Commissions and fees			178,000,000				140,000,000
Affiliated Entity | PGIM
Related Party Transaction [Line Items]
Net investment income			15,000,000				12,000,000
Affiliated Entity | ASTISI and PGIM Investments
Related Party Transaction [Line Items]
Fee income from revenue sharing agreement			69,000,000				69,000,000
Affiliated Entity | PGIM Investments
Related Party Transaction [Line Items]
Fee income from revenue sharing agreement			11,000,000				9,000,000
Prudential Financial Joint Ventures
Related Party Transaction [Line Items]
Net investment income			9,000,000				$ 2,000,000
Other invested assets			$ 854,000,000	$ 754,000,000				$ 754,000,000

Related Party Transactions (Aff

Related Party Transactions (Affiliated Notes Receivable) (Details) - Affiliated Entity - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Total notes receivable - affiliated	$ 269,949	$ 147,984
U.S. Dollar fixed rate notes
Related Party Transaction [Line Items]
Total notes receivable - affiliated	$ 269,949	$ 147,984
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, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Commercial Mortgage Loans	$ 6,279,862	$ 6,122,721
Affiliated Entity | Commercial mortgage loans
Related Party Transaction [Line Items]
Interest Rates	9.83%
Commercial Mortgage Loans	$ 70,741	$ 71,038

Related Party Transactions (A_2

Related Party Transactions (Affiliated Asset Transfers) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Related Party Transaction [Line Items]
Realized investment gains (losses)	$ 23,000	$ (120,679)
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
Affiliated Entity | PURC, April 2023, Purchase, Fixed maturities
Related Party Transaction [Line Items]
Fair Value	102,804
Book Value	102,804
Additional Paid in Capital	0
Realized investment gains (losses)	0
Affiliated Entity | Term Re, June 2023, Purchase, Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	115,573
Book Value	115,573
Additional Paid in Capital	0
Realized investment gains (losses)	0
Affiliated Entity | Prudential Insurance, June 2023, Purchase, Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	4,298
Book Value	4,443
Additional Paid in Capital	114
Realized investment gains (losses)	0
Affiliated Entity | Prudential Insurance, June 2023, Purchase, Fixed Maturities 1
Related Party Transaction [Line Items]
Fair Value	4,394
Book Value	4,494
Additional Paid in Capital	80
Realized investment gains (losses)	0
Affiliated Entity | Prudential Insurance, June 2023, Purchase, Fixed Maturities 2
Related Party Transaction [Line Items]
Fair Value	19,453
Book Value	19,203
Additional Paid in Capital	(198)
Realized investment gains (losses)	0
Affiliated Entity | Prudential Insurance, June 2023, Purchase, Fixed Maturities 3
Related Party Transaction [Line Items]
Fair Value	14,452
Book Value	15,086
Additional Paid in Capital	502
Realized investment gains (losses)	0
Affiliated Entity | Prudential Insurance, September 2023, Purchase, Fixed Maturities 4
Related Party Transaction [Line Items]
Fair Value	15,880
Book Value	15,801
Additional Paid in Capital	(62)
Realized investment gains (losses)	0
Affiliated Entity | Prudential Insurance - December 2023, Sale, Commercial Mortgage and Other Loans
Related Party Transaction [Line Items]
Fair Value	762
Book Value	754
Additional Paid in Capital	0
Realized investment gains (losses)	8
Affiliated Entity | PARU - January 2024 - Transfer in - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	1,598,161
Book Value	1,598,161
Additional Paid in Capital	0
Realized investment gains (losses)	0
Affiliated Entity | PARU - January 2024 - Transfer in - Fixed Maturities 1
Related Party Transaction [Line Items]
Fair Value	778,745
Book Value	778,745
Additional Paid in Capital	0
Realized investment gains (losses)	0
Affiliated Entity | PURC - January 2024 - Transfer in - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	2,155,560
Book Value	2,155,560
Additional Paid in Capital	0
Realized investment gains (losses)	0
Affiliated Entity | GUL Re - January 2024 - Transfer in - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	1,685,582
Book Value	1,685,582
Additional Paid in Capital	0
Realized investment gains (losses)	0
Affiliated Entity | GUL Re - January 2024 - Transfer in - Fixed Maturities 1
Related Party Transaction [Line Items]
Fair Value	4,976
Book Value	4,976
Additional Paid in Capital	0
Realized investment gains (losses)	0
Affiliated Entity | PURE - January 2024 - Transfer out - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	1,598,161
Book Value	1,598,161
Additional Paid in Capital	0
Realized investment gains (losses)	0
Affiliated Entity | PURE - January 2024 - Transfer out - Fixed Maturities 1
Related Party Transaction [Line Items]
Fair Value	778,745
Book Value	778,745
Additional Paid in Capital	0
Realized investment gains (losses)	0
Affiliated Entity | PURE - January 2024 - Transfer out - Fixed Maturities 2
Related Party Transaction [Line Items]
Fair Value	2,155,560
Book Value	2,155,560
Additional Paid in Capital	0
Realized investment gains (losses)	0
Affiliated Entity | PURE - January 2024 - Transfer out - Fixed Maturities 3
Related Party Transaction [Line Items]
Fair Value	1,685,582
Book Value	1,685,582
Additional Paid in Capital	0
Realized investment gains (losses)	0
Affiliated Entity | PURE - January 2024 - Transfer out - Fixed Maturities 4
Related Party Transaction [Line Items]
Fair Value	4,976
Book Value	4,976
Additional Paid in Capital	0
Realized investment gains (losses)	0
Affiliated Entity | Ironbound - January 2024 - Purchase - Other Invested Assets
Related Party Transaction [Line Items]
Fair Value	60,414
Book Value	60,414
Additional Paid in Capital	0
Realized investment gains (losses)	0
Affiliated Entity | Windhill CLO 1, Ltd. - February 2024 - Sale - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	18,428
Book Value	18,858
Additional Paid in Capital	0
Realized investment gains (losses)	(430)
Affiliated Entity | Windhill CLO 2, Ltd - February 2024 - Sale - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	19,652
Book Value	20,057
Additional Paid in Capital	0
Realized investment gains (losses)	(405)
Affiliated Entity | PAR Term - February 2024 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	43,084
Book Value	43,084
Additional Paid in Capital	0
Realized investment gains (losses)	0
Affiliated Entity | Windhill CLO 1, Ltd. - March 2024 - Sale - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	10,148
Book Value	10,387
Additional Paid in Capital	0
Realized investment gains (losses)	(239)
Affiliated Entity | Windhill CLO 2, Ltd. - March 2024 - Sale - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	14,763
Book Value	15,091
Additional Paid in Capital	0
Realized investment gains (losses)	(328)
Affiliated Entity | Prudential Insurance - March 2024 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	198,804
Book Value	206,285
Additional Paid in Capital	5,910
Realized investment gains (losses)	0
Affiliated Entity | PAR U - March 2024 - Transfer in - Other Invested Assets
Related Party Transaction [Line Items]
Fair Value	188,500
Book Value	188,500
Additional Paid in Capital	0
Realized investment gains (losses)	0
Affiliated Entity | PURE - March 2024 - Transfer out - Other Invested Assets
Related Party Transaction [Line Items]
Fair Value	188,500
Book Value	188,500
Additional Paid in Capital	0
Realized investment gains (losses)	$ 0

Related Party Transactions Rela

Related Party Transactions Related Party Transactions (Debt Agreements) (Details) - Affiliated Entity - USD ($)	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 179,115,000	$ 180,411,000
Short-term debt to affiliates	179,000,000	180,000,000
Prudential Insurance Loan Issued 8/13/2021
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 94,271,000	94,953,000
Interest Rates	3.95%
Prudential Insurance Loan Issued 8/13/2021
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 37,707,000	37,981,000
Interest Rates	3.95%
Prudential Insurance Loan Issued 8/13/2021
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 47,137,000	$ 47,477,000
Interest Rates	3.95%

Commitments and Contingent Li_3

Commitments and Contingent Liabilities (Details) - Fair Value Guarantee [Member] - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Commitments and Contingent Liabilities [Line Items]
Guaranteed value of third-parties' assets	$ 1,155,520	$ 311,302
Fair value of collateral supporting these assets	1,008,508	287,621
Asset (liability) associated with guarantee, carried at fair value	$ (208)	$ 1

Commitments and Contingent Li_4

Commitments and Contingent Liabilities (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	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	176		$ 270
Allowance for credit losses	0.2		0.3
Change in allowance for credit loss expense (reversal)	0.1	$ 0
Commitments | Investments
Commitments and Contingent Liabilities [Line Items]
Commitments to purchase investment (excluding commercial mortgage loans)	1,162		1,182
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	$ 32		$ 32