Pruco Life Insurance 10-Q 16 Aug 24 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2024	Aug. 16, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Entity Registrant Name	PRUCO LIFE INSURANCE CO
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Transition Report	false
Entity File Number	033-37587
Entity Central Index Key	0000777917
Entity Incorporation, State or Country Code	AZ
Entity Tax Identification Number	22-1944557
Entity Address, Address Line One	213 Washington Street
Entity Address, City or Town	Newark
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07102
City Area Code	973
Local Phone Number	802-6000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		250,000

Unaudited Interim Consolidated

Unaudited Interim Consolidated Statements of Financial Position - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS
Fixed maturities, available for sale, at fair value (allowance for credit losses: 2024-$3,348; 2023-$2,008) (amortized cost: 2024–$33,149,962; 2023–$27,538,066)	$ 31,110,763	$ 26,131,780
Fixed maturities, trading, at fair value (amortized cost: 2024–$3,594,538; 2023–$3,476,746)	3,074,512	2,796,446
Equity securities, at fair value (cost: 2024– $575,874; 2023–$824,270)	565,619	844,950
Policy loans	1,511,288	1,472,677
Short-term investments	416,658	380,366
Commercial mortgage and other loans (net of $41,572 and $37,689 allowance for credit losses at June 30, 2024 and December 31, 2023, respectively)	6,718,386	6,122,721
Other invested assets (includes $77,562 and $85,025 of assets measured at fair value at June 30, 2024 and December 31, 2023, respectively)	1,403,405	1,222,985
Total investments	44,800,631	38,971,925
Cash and cash equivalents	2,886,207	2,139,792
Deferred policy acquisition costs	7,482,833	7,097,511
Accrued investment income	426,302	333,838
Reinsurance recoverables	40,693,991	38,709,651
Receivables from parent and affiliates	416,539	332,583
Deferred sales inducements	337,202	351,424
Income tax assets	1,907,612	1,737,651
Market risk benefits assets	2,550,164	2,367,243
Other assets	2,596,292	2,078,938
Separate account assets	119,980,906	119,188,485
TOTAL ASSETS	224,078,679	213,309,041
LIABILITIES
Policyholders’ account balances	61,036,866	53,012,800
Future policy benefits	23,030,579	23,205,205
Market risk benefit liabilities	4,370,960	5,144,401
Cash collateral for loaned securities	19,397	218,310
Short-term debt to affiliates	0	180,411
Payables to parent and affiliates	3,133,697	2,667,696
Other liabilities	8,574,711	5,170,308
Separate account liabilities	119,980,906	119,188,485
Total liabilities	220,147,116	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	4,508,290	5,052,602
Retained earnings / (accumulated deficit)	(189,104)	(532,951)
Accumulated other comprehensive income (loss)	(498,247)	(30,920)
Total Pruco Life Insurance Company equity	3,823,439	4,491,231
Noncontrolling Interests	108,124	30,194
Total equity	3,931,563	4,521,425
TOTAL LIABILITIES AND EQUITY	$ 224,078,679	$ 213,309,041

Unaudited Interim Consolidate_2

Unaudited Interim Consolidated Statements of Financial Position (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Fixed Maturities, Available-for-sale, allowance for credit losses	$ 3,348	$ 2,008
Fixed Maturities, Available-for-sale, amortized cost	33,149,962	27,538,066
Fixed maturities, trading, amortized cost	3,594,538	3,476,746
Equity securities, at cost	575,874	824,270
Commercial mortgage and other loans, allowance for credit losses	41,572	37,689
Other invested assets, at fair value	$ 77,562	$ 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
REVENUES
Premiums (includes $(2,192), $4,141, $(2,522) and $5,092 of gains (losses) from change in estimates on deferred profit liability amortization for the three months ended June 30, 2024 and 2023 and the six months ended June 30, 2024 and 2023, respectively)	$ 94,921	$ 89,965	$ 187,103	$ 166,621
Policy charges and fee income	388,834	363,536	3,298,039	750,027
Net investment income	579,993	393,075	1,085,313	742,525
Asset administration fees	55,113	56,788	111,745	120,990
Other income (loss)	137,689	105,458	351,174	350,305
Realized Investment gains (losses), net	838,882	7,694	861,882	(112,985)
Change in value of market risk benefits, net of related hedging gain (loss)	(282,183)	(38,887)	(190,592)	(18,685)
TOTAL REVENUES	1,813,249	977,629	5,704,664	1,998,798
BENEFITS AND EXPENSES
Policyholders' benefits	135,879	146,961	4,242,287	252,143
Change in estimates of liability for future policy benefits	(6,174)	(1,133)	(18,179)	(5,535)
Interest credited to policyholders’ account balances	226,224	143,816	450,774	304,038
Amortization of deferred policy acquisition costs	148,010	129,147	16,995	266,642
General, administrative and other expenses	286,660	300,689	594,838	587,336
TOTAL BENEFITS AND EXPENSES	790,599	719,480	5,286,715	1,404,624
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total	1,022,650	258,149	417,949	594,174
Income tax expense (benefit)	134,404	40,326	70,787	96,565
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE	888,246	217,823	347,162	497,609
Equity in earnings of operating joint venture, net of taxes	(86)	(225)	(243)	(332)
NET INCOME (LOSS)	888,160	217,598	346,919	497,277
Less: Income (loss) attributable to noncontrolling interests	1,891	0	3,072	0
NET INCOME (LOSS) ATTRIBUTABLE TO PRUCO LIFE INSURANCE COMPANY	886,269	217,598	343,847	497,277
Other comprehensive income (loss), before tax:
Foreign currency translation adjustments	(1,816)	600	(4,178)	3,266
Net unrealized investment gains (losses)	(155,693)	(263,227)	(469,000)	118,874
Interest rate remeasurement of future policy benefits	33,385	20,636	66,215	(17,588)
Gain (loss) from changes in non-performance risk on market risk benefits	55,049	(247,746)	(183,925)	(67,323)
Total	(69,075)	(489,737)	(590,888)	37,229
Less: Income tax expense (benefit) related to other comprehensive income (loss)	(14,270)	(102,846)	(123,561)	7,416
Other comprehensive income (loss), net of taxes	(54,805)	(386,891)	(467,327)	29,813
Total comprehensive income (loss)	833,355	(169,293)	(120,408)	527,090
Less: Comprehensive income (loss) attributable to noncontrolling interests	1,891	0	3,072	0
Comprehensive income (loss) attributable to Pruco Life Insurance Company	$ 831,464	$ (169,293)	$ (123,480)	$ 527,090

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
Other comprehensive income (loss), net of tax						416,704	416,704	0	416,704
Total comprehensive income (loss)							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, 2022	[1]		2,500	6,037,914	(994,154)	(10,065)	5,036,195	0	5,036,195
Comprehensive income (loss):
Net Income (Loss)		$ 497,277
Other comprehensive income (loss), net of tax		29,813
Total comprehensive income (loss)		527,090
Ending Balance at Jun. 30, 2023			2,500	6,145,282	(496,877)	19,748	5,670,653	0	5,670,653
Beginning Balance at Mar. 31, 2023			2,500	6,444,784	(714,475)	406,639	6,139,448	0	6,139,448
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Return of capital				(300,000)			(300,000)		(300,000)
Contributed (distributed) capital-parent/child asset transfers				498			498		498
Comprehensive income (loss):
Net Income (Loss)		217,598			217,598		217,598		217,598
Other comprehensive income (loss), net of tax		(386,891)				(386,891)	(386,891)	0	(386,891)
Total comprehensive income (loss)		(169,293)					(169,293)	0	(169,293)
Ending Balance at Jun. 30, 2023			2,500	6,145,282	(496,877)	19,748	5,670,653	0	5,670,653
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)					(542,422)		(542,422)	1,181	(541,241)
Other comprehensive income (loss), net of tax						(412,522)	(412,522)	0	(412,522)
Total comprehensive income (loss)							(954,944)	1,181	(953,763)
Ending Balance at Mar. 31, 2024			2,500	5,058,324	(1,075,373)	(443,442)	3,542,009	56,685	3,598,694
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
Comprehensive income (loss):
Net Income (Loss)		346,919
Other comprehensive income (loss), net of tax		(467,327)
Total comprehensive income (loss)		(120,408)
Ending Balance at Jun. 30, 2024		3,931,563	2,500	4,508,290	(189,104)	(498,247)	3,823,439	108,124	3,931,563
Beginning Balance at Mar. 31, 2024			2,500	5,058,324	(1,075,373)	(443,442)	3,542,009	56,685	3,598,694
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Return of capital				(550,000)			(550,000)
Contributions from noncontrolling interests								49,548	49,548
Contributed (distributed) capital-parent/child asset transfers				(34)			(34)		(34)
Comprehensive income (loss):
Net Income (Loss)		888,160			886,269		886,269	1,891	888,160
Other comprehensive income (loss), net of tax		(54,805)				(54,805)	(54,805)	0	(54,805)
Total comprehensive income (loss)		833,355					831,464	1,891	833,355
Ending Balance at Jun. 30, 2024		$ 3,931,563	$ 2,500	$ 4,508,290	$ (189,104)	$ (498,247)	$ 3,823,439	$ 108,124	$ 3,931,563
[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	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 346,919	$ 497,277
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Policy charges and fee income	(2,391,091)	32,088
Interest credited to policyholders’ account balances	450,774	304,038
Realized investment (gains) losses, net	(861,882)	112,985
Change in value of market risk benefits, net of related hedging (gains) losses	190,592	18,685
Change in:
Future policy benefits and other insurance liabilities	1,319,243	1,114,998
Reinsurance recoverables	(371,039)	(266,323)
Accrued investment income	(84,564)	(61,627)
Net payables to/receivables from parent and affiliates	34,767	(62,810)
Deferred policy acquisition costs	(700,157)	(247,251)
Income taxes	(47,971)	(131,308)
Derivatives, net	566,749	(24,143)
Other, net	3,465,543	22,671
Cash flows from (used in) operating activities	1,917,883	1,309,280
Proceeds from the sale/maturity/prepayment of:
Fixed maturities, available-for-sale	1,508,920	668,943
Fixed maturities, trading	634,302	28,720
Equity securities	599,044	44,737
Policy loans	90,999	96,630
Ceded policy loans	(53,663)	(65,351)
Short-term investments	751,272	188,767
Commercial mortgage and other loans	206,032	65,695
Other invested assets	28,981	6,890
Payments for the purchase/origination of:
Fixed maturities, available-for-sale	(6,966,095)	(4,639,830)
Fixed maturities, trading	(1,033,048)	(508,352)
Equity securities	(355,520)	(84,161)
Policy loans	(116,650)	(1,039,549)
Ceded policy loans	49,226	89,078
Short-term investments	(787,217)	(352,450)
Commercial mortgage and other loans	(810,995)	(499,642)
Other invested assets	(206,518)	(92,315)
Notes receivable from parent and affiliates, net	(180,046)
Notes receivable from parent and affiliates, net		3,380
Derivatives, net	157,771	(72,609)
Other, net	(7,632)	(6,502)
Cash flows from (used in) investing activities	(6,490,837)	(6,167,921)
CASH FLOWS FROM FINANCING ACTIVITIES:
Policyholders’ account deposits	8,432,668	6,380,420
Ceded policyholders’ account deposits	(654,834)	(590,643)
Policyholders’ account withdrawals	(2,047,637)	(1,904,078)
Ceded policyholders’ account withdrawals	410,169	317,163
Net change in securities sold under agreement to repurchase and cash collateral for loaned securities	(198,908)	75,379
Contributed / (return of) capital	(550,000)
Contributed / (return of) capital		105,000
Contributed (distributed) capital - parent/child asset transfers	7,481	2,997
Net change in all other financing arrangements (maturities 90 days or less)	0	(88)
Repayments of debt (maturities longer than 90 days)	(180,411)	0
Drafts outstanding	(84,821)	(83,568)
Other, net	185,662	(60,577)
Cash flows from (used in) financing activities	5,319,369	4,242,005
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	746,415	(616,636)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	2,139,792	2,397,627
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 2,886,207	$ 1,780,991

Unaudited Interim Consolidate_6

Unaudited Interim Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
FLIAC
Non-cash activities		$ 335
Affiliated Entity | PURE and PICA
Non-cash activities	$ 1,129

Unaudited Interim Consolidate_7

Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Gain (loss) from changes in estimates on deferred profit liability amortization	$ (2,192)	$ 4,141	$ (2,522)	$ 5,092

Business and Basis of Presentat

Business and Basis of Presentation	6 Months Ended
	Jun. 30, 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.

Significant Accounting Policies

Significant Accounting Policies and Pronouncements	6 Months Ended
	Jun. 30, 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 June 30, 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 June 30, 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	6 Months Ended
	Jun. 30, 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: June 30, 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 $ 1,198,985 $ 13,506 $ 91,356 $ 0 $ 1,121,135 Obligations of U.S. states and their political subdivisions 637,572 1,961 27,051 0 612,482 Foreign government bonds 326,497 855 61,028 0 266,324 U.S. public corporate securities 12,357,109 43,886 987,257 1,616 11,412,122 U.S. private corporate securities 5,540,730 11,550 329,287 1,588 5,221,405 Foreign public corporate securities 3,020,621 9,803 133,192 139 2,897,093 Foreign private corporate securities 5,357,655 48,506 485,061 0 4,921,100 Asset-backed securities(1) 3,403,884 31,590 8,205 0 3,427,269 Commercial mortgage-backed securities 922,301 3,193 66,432 0 859,062 Residential mortgage-backed securities(2) 384,608 606 12,438 5 372,771 Total fixed maturities, available-for-sale $ 33,149,962 $ 165,456 $ 2,201,307 $ 3,348 $ 31,110,763 (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: June 30, 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 $ 230,068 $ 2,572 $ 294,783 $ 88,784 $ 524,851 $ 91,356 Obligations of U.S. states and their political subdivisions 223,788 3,957 234,192 23,094 457,980 27,051 Foreign government bonds 22,104 674 226,215 60,354 248,319 61,028 U.S. public corporate securities 2,763,982 57,470 5,644,459 929,754 8,408,441 987,224 U.S. private corporate securities 1,257,925 29,254 3,114,266 300,033 4,372,191 329,287 Foreign public corporate securities 891,965 5,472 988,534 127,696 1,880,499 133,168 Foreign private corporate securities 1,238,396 29,092 2,526,982 455,969 3,765,378 485,061 Asset-backed securities 476,496 1,994 193,910 6,211 670,406 8,205 Commercial mortgage-backed securities 69,386 301 568,747 66,131 638,133 66,432 Residential mortgage-backed securities 129,727 1,264 151,836 11,174 281,563 12,438 Total fixed maturities, available-for-sale $ 7,303,837 $ 132,050 $ 13,943,924 $ 2,069,200 $ 21,247,761 $ 2,201,250 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 June 30, 2024 and December 31, 2023, the gross unrealized losses on fixed maturity, available-for-sale securities without an allowance of $2,071 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 $130 million and $106 million, respectively, related to other than high or highest quality securities based on NAIC or equivalent rating. As of June 30, 2024, the $2,069 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 June 30, 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 June 30, 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: June 30, 2024 Amortized Cost Fair Value (in thousands) Fixed maturities, available-for-sale: Due in one year or less $ 1,585,826 $ 1,549,703 Due after one year through five years 10,560,134 10,212,123 Due after five years through ten years 8,207,957 7,798,270 Due after ten years 8,085,252 6,891,565 Asset-backed securities 3,403,884 3,427,269 Commercial mortgage-backed securities 922,301 859,062 Residential mortgage-backed securities 384,608 372,771 Total fixed maturities, available-for-sale $ 33,149,962 $ 31,110,763 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 (in thousands) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 321,870 $ 68,308 $ 428,025 $ 128,681 Proceeds from maturities/prepayments 698,470 193,205 1,135,913 488,333 Gross investment gains from sales and maturities 9,407 6,777 10,344 9,449 Gross investment losses from sales and maturities (16,340) (5,587) (24,472) (17,525) Write-downs recognized in earnings(2) 0 4 0 7 (Addition to) release of allowance for credit losses (1,698) (1,196) (1,340) (154) (1) Excludes activity from non-cash related proceeds due to the timing of trade settlements of $(55.0) million and $51.9 million for the six months ended June 30, 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 June 30, 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 $ 1,650 $ 0 $ 0 $ 0 $ 1,650 Additions to allowance for credit losses not previously recorded 0 0 339 0 0 5 344 Reductions for securities sold during the period 0 0 (1) 0 0 0 (1) Additions (reductions) on securities with previous allowance 0 0 1,355 0 0 0 1,355 Assets transferred to parent and affiliates 0 0 0 0 0 0 0 Balance, end of period $ 0 $ 0 $ 3,343 $ 0 $ 0 $ 5 $ 3,348 Three Months Ended June 30, 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 $ 0 $ 3,720 $ 0 $ 0 $ 7 $ 3,727 Additions to allowance for credit losses not previously recorded 0 0 242 0 0 0 242 Reductions for securities sold during the period 0 0 (41) 0 0 0 (41) Additions (reductions) on securities with previous allowance 0 0 996 0 0 (1) 995 Balance, end of period $ 0 $ 0 $ 4,917 $ 0 $ 0 $ 6 $ 4,923 Six Months Ended June 30, 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 0 396 0 0 5 401 Reductions for securities sold during the period 0 0 (42) 0 0 0 (42) Additions (reductions) on securities with previous allowance 0 0 510 (1) 0 (7) 502 Assets transferred to parent and affiliates 0 0 479 0 0 0 479 Balance, end of period $ 0 $ 0 $ 3,343 $ 0 $ 0 $ 5 $ 3,348 Six Months Ended June 30, 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 3,165 0 0 0 3,165 Reductions for securities sold during the period 0 (1) (3,774) 0 0 0 (3,775) Additions (reductions) on securities with previous allowance 0 (4) 771 0 0 (3) 764 Balance, end of period $ 0 $ 0 $ 4,917 $ 0 $ 0 $ 6 $ 4,923 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 June 30, 2024, the net increase in the allowance for credit losses on available-for-sale securities was primarily related to net additions within the capital goods and finance sectors within corporate securities due to adverse projected cash flows. For the three months ended June 30, 2023, the net increase in the allowance for credit losses on available-for-sale securities was primarily related to net additions within the technology and communications sectors within corporate securities, due to adverse projected cash flows. For the six months ended June 30, 2024, the net increase in the allowance for credit losses on available-for-sale securities was primarily related to net additions within the utility, capital goods and finance sectors within corporate securities. For the six months ended June 30, 2023, the net increase in the allowance for credit losses on available-for-sale securities was primarily related to net additions within the technology and communications sectors within corporate securities, partially offset by restructurings within the capital goods and transportation sectors within private corporate securities. The Company did not have any fixed maturity securities purchased with credit deterioration, as of both June 30, 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 $(50.9) million and $(53.5) million during the three months ended June 30, 2024 and 2023, respectively, and $(132.2) million and $42.6 million during the six months ended June 30, 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 $(9.2) million and $(1.1) million during the three months ended June 30, 2024 and 2023, respectively, and $(21.4) million and $8.1 million during the six months ended June 30, 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: June 30, 2024 December 31, 2023 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Apartments/Multi-Family $ 1,776,234 26.3 % $ 1,578,785 25.7 % Hospitality 99,596 1.5 102,952 1.7 Industrial 2,701,470 40.0 2,486,230 40.4 Office 587,978 8.6 604,611 9.8 Other 666,349 9.9 456,720 7.4 Retail 349,157 5.2 363,706 5.9 Total commercial mortgage loans 6,180,784 91.5 5,593,004 90.9 Agricultural property loans 571,962 8.5 562,046 9.1 Total commercial mortgage and agricultural property loans 6,752,746 100.0 % 6,155,050 100.0 % Allowance for credit losses (41,572) (37,689) Total net commercial mortgage and agricultural property loans 6,711,174 6,117,361 Other loans: Other collateralized loans 7,212 5,360 Total other loans 7,212 5,360 Total net commercial mortgage and other loans $ 6,718,386 $ 6,122,721 As of June 30, 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 (9%) and Washington (7%)), and included loans secured by properties in Europe (10%), Mexico (1%) 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 June 30, 2024 2023 Commercial Mortgage Loans Agricultural Property Loans Total Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Allowance, beginning of period $ 41,769 $ 913 $ 42,682 $ 20,427 $ 983 $ 21,410 Addition to (release of) allowance for expected losses (1,077) (33) (1,110) 706 (23) 683 Allowance, end of period $ 40,692 $ 880 $ 41,572 $ 21,133 $ 960 $ 22,093 Six Months Ended June 30, 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 3,934 (51) 3,883 1,468 362 1,830 Allowance, end of period $ 40,692 $ 880 $ 41,572 $ 21,133 $ 960 $ 22,093 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 June 30, 2024, the net decrease in the allowance for credit losses on commercial mortgage and other loans was in the general allowance primarily due to loan payoffs, partially offset by loan originations. For the three months ended June 30, 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 loan originations. For the six months ended June 30, 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 loan originations, partially offset by loan payoffs. For the six months ended June 30, 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 loan originations. The following tables set forth key credit quality indicators based upon the recorded investment gross of allowance for credit losses, as of the dates indicated: June 30, 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% $ 89,035 $ 254,068 $ 230,308 $ 480,391 $ 94,393 $ 1,197,399 $ 0 $ 2,345,594 60%-69.99% 541,378 690,428 362,596 445,103 170,063 405,172 0 2,614,740 70%-79.99% 126,919 210,883 121,583 257,377 77,219 57,912 0 851,893 80% or greater 2,130 0 57,764 84,140 3,850 220,673 0 368,557 Total $ 759,462 $ 1,155,379 $ 772,251 $ 1,267,011 $ 345,525 $ 1,881,156 $ 0 $ 6,180,784 Debt Service Coverage Ratio: Greater than 1.2x $ 713,612 $ 1,039,629 $ 768,777 $ 1,267,011 $ 275,080 $ 1,755,968 $ 0 $ 5,820,077 1.0 - 1.2x 45,850 115,750 3,474 0 0 49,352 0 214,426 Less than 1.0x 0 0 0 0 70,445 75,836 0 146,281 Total $ 759,462 $ 1,155,379 $ 772,251 $ 1,267,011 $ 345,525 $ 1,881,156 $ 0 $ 6,180,784 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 19,587 $ 89,733 $ 168,400 $ 131,887 $ 23,775 $ 43,900 $ 13,789 $ 491,071 60%-69.99% 0 19,452 37,889 0 0 0 0 57,341 70%-79.99% 0 0 7,000 0 0 0 14,815 21,815 80% or greater 0 0 0 0 1,735 0 0 1,735 Total $ 19,587 $ 109,185 $ 213,289 $ 131,887 $ 25,510 $ 43,900 $ 28,604 $ 571,962 Debt Service Coverage Ratio: Greater than 1.2x $ 18,587 $ 95,419 $ 211,289 $ 130,184 $ 23,775 $ 43,900 $ 28,604 $ 551,758 1.0 - 1.2x 1,000 13,766 2,000 0 1,735 0 0 18,501 Less than 1.0x 0 0 0 1,703 0 0 0 1,703 Total $ 19,587 $ 109,185 $ 213,289 $ 131,887 $ 25,510 $ 43,900 $ 28,604 $ 571,962 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 and six months ended June 30, 2024, commercial mortgage and other loans with amortized cost of $9 million and $17 million, respectively, were granted term extensions with borrowers experiencing financial difficulties. The modified loans represent less than 1% of the portfolio. These modifications added less than one year to the weighted average life of loans in this portfolio. During both the three and six months ended June 30, 2023, the Company did not modify any loans to borrowers experiencing financial difficulties. For the six months ended June 30, 2024, all commercial mortgage and other loans that were modified to borrowers experiencing financial difficulties were current. The Company did not have any commitments to lend additional funds to borrowers experiencing financial difficulties on modified loans as of June 30, 2024 and December 31, 2023. The following tables set forth an aging of past due commercial mortgage and other loans based upon the recorded investment gross of allowance for credit losses, as well as the amount of commercial mortgage and other loans on non-accrual status as of the dates indicated: June 30, 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 $ 6,167,492 $ 0 $ 0 $ 13,292 $ 6,180,784 $ 15,422 Agricultural property loans 571,962 0 0 0 571,962 3,322 Other collateralized loans 7,212 0 0 0 7,212 0 Total $ 6,746,666 $ 0 $ 0 $ 13,292 $ 6,759,958 $ 18,744 (1) As of June 30, 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 for both the three and six months ended June 30, 2024. Loans on non-accrual status that did not have a related allowance for credit losses were $3 million and $0 million as of June 30, 2024 and December 31, 2023, respectively. For both the three and six months ended June 30, 2024, there were $14.1 million commercial mortgage and other loans acquired, other than those through direct origination, and there were no commercial mortgage and other loans sold. For both the three and six months ended June 30, 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 June 30, 2024 and December 31, 2023. Other Invested Assets The following table sets forth the composition of “Other invested assets,” as of the dates indicated: June 30, 2024 December 31, 2023 (in thousands) LPs/LLCs: Equity method: Private equity $ 358,116 $ 333,863 Hedge funds 869,690 720,360 Real estate-related 97,597 83,339 Subtotal equity method 1,325,403 1,137,562 Fair value: Private equity 33,140 48,483 Hedge funds 25 137 Real estate-related 17,153 18,687 Subtotal fair value 50,318 67,307 Total LPs/LLCs 1,375,721 1,204,869 Derivative instruments 27,244 17,718 Other (1) 440 398 Total other invested assets $ 1,403,405 $ 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: June 30, 2024 December 31, 2023 (in thousands) Fixed maturities $ 343,332 $ 272,031 Equity securities 220 220 Commercial mortgage and other loans 23,906 21,070 Policy loans 52,057 35,210 Other invested assets 0 43 Short-term investments and cash equivalents 6,787 5,264 Total accrued investment income $ 426,302 $ 333,838 There were no significant write-downs on accrued investment income for both the three and six months ended June 30, 2024 and 2023. Net Investment Income The following table sets forth “Net investment income” by investment type, for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 (in thousands) Fixed maturities, available-for-sale $ 393,930 $ 275,718 $ 732,739 $ 510,528 Fixed maturities, trading 38,957 21,761 70,626 39,635 Equity securities 6,458 2,543 10,205 5,320 Commercial mortgage and other loans 77,920 56,317 151,678 104,973 Policy loans 16,588 10,622 31,033 15,618 Other invested assets 28,747 15,624 52,067 41,723 Short-term investments and cash equivalents 41,007 29,582 87,322 60,758 Gross investment income 603,607 412,167 1,135,670 778,555 Less: investment expenses (23,614) (19,092) (50,357) (36,030) Net investment income $ 579,993 $ 393,075 $ 1,085,313 $ 742,525 Realized Investment Gains (Losses), Net The following table sets forth “Realized investment gains (losses), net” by investment type, for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 (in thousands) Fixed maturities(1) $ (8,631) $ (2) $ (15,468) $ (8,223) Commercial mortgage and other loans 1,162 (806) (4,619) (2,084) Other invested assets 17,635 7,569 33,146 13,196 Derivatives 828,449 600 848,903 (117,670) Short-term investments and cash equivalents 267 333 (80) 1,796 Realized investment gains (losses), net $ 838,882 $ 7,694 $ 861,882 $ (112,985) (1) Includes fixed maturity securities classified as available-for-sale and excludes fixed maturity securities classified as trading. Net Unrealized Gains (Losses) on Investments within AOCI The following table sets forth net unrealized gains (losses) on investments, as of the dates indicated: June 30, 2024 December 31, 2023 (in thousands) Fixed maturity securities, available-for-sale with an allowance $ 491 $ 1,987 Fixed maturity securities, available-for-sale without an allowance (2,036,342) (1,406,265) Derivatives designated as cash flow hedges(1) 75,293 11,934 Affiliated notes (6,791) (8,760) Other investments(2) (203) (1,089) Net unrealized gains (losses) on investments $ (1,967,552) $ (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 June 30, 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: June 30, 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 7,712 1,900 9,612 27,247 0 27,247 U.S. private corporate securities 17 0 17 0 0 0 Foreign public corporate securities 9,768 0 9,768 13,101 0 13,101 Equity securities 0 0 0 177,476 0 177,476 Total cash collateral for loaned securities(1) $ 17,497 $ 1,900 $ 19,397 $ 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	6 Months Ended
	Jun. 30, 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 the netting effects of master netting agreements and cash collateral. June 30, 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 $ 2,975 $ 215 $ (491) $ 3,064 $ 0 $ (238) Foreign Currency Swaps 2,725,643 165,873 (32,245) 2,274,636 121,243 (54,044) Total Derivatives Designated as Hedge Accounting Instruments $ 2,728,618 $ 166,088 $ (32,736) $ 2,277,700 $ 121,243 $ (54,282) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 167,487,864 $ 8,227,910 $ (19,877,550) $ 163,179,764 $ 6,605,817 $ (17,820,436) Interest Rate Futures 859,000 2,964 (291) 1,332,600 3,055 (210) Interest Rate Options 29,503,000 227,324 (1,181,463) 29,738,000 189,112 (969,718) Interest Rate Forwards 1,458,000 55,415 (57,927) 1,458,000 741 (3,196) Foreign Currency Foreign Currency Forwards 908,100 4,913 (985) 744,576 1,772 (12,232) Credit Credit Default Swaps 520,600 4,830 0 643,280 7,727 0 Currency/Interest Rate Foreign Currency Swaps 2,238,553 125,477 (20,687) 2,237,331 96,618 (31,294) Equity Total Return Swaps 15,885,233 599,846 (803,880) 15,049,993 418,084 (803,452) Equity Options 72,507,886 3,638,902 (2,274,561) 49,247,510 1,600,335 (1,552,706) Equity Futures 813,292 156 (3,041) 418,973 1,232 (500) Synthetic GICs 1,208,219 763 (208) 311,302 1 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments $ 293,389,747 $ 12,888,500 $ (24,220,593) $ 264,361,329 $ 8,924,494 $ (21,193,744) Total Derivatives(1)(2) $ 296,118,365 $ 13,054,588 $ (24,253,329) $ 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 $9,606 million and $7,402 million as of June 30, 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. June 30, 2024 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 13,053,807 $ (13,027,344) $ 26,463 $ 0 $ 26,463 Securities purchased under agreements to resell 325,000 0 325,000 0 325,000 Total Assets $ 13,378,807 $ (13,027,344) $ 351,463 $ 0 $ 351,463 Offsetting of Financial Liabilities: Derivatives $ 24,253,121 $ (21,143,003) $ 3,110,118 $ (3,110,118) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 24,253,121 $ (21,143,003) $ 3,110,118 $ (3,110,118) $ 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 June 30, 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 $ 2 $ 0 $ (21) Currency/Interest Rate (569) 0 12,141 1,258 36,201 Total cash flow hedges (568) 0 12,143 1,258 36,180 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 28,037 (410,527) 0 0 0 Currency 8,285 0 0 0 0 Currency/Interest Rate 1,556 0 0 (60) 0 Credit (368) 0 0 0 0 Equity 596,834 (58,063) 0 0 0 Embedded Derivatives 194,673 0 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments 829,017 (468,590) 0 (60) 0 Total $ 828,449 $ (468,590) $ 12,143 $ 1,198 $ 36,180 Six Months Ended June 30, 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 $ (62) $ 0 $ (10) Currency/Interest Rate (677) 0 22,869 13,605 63,369 Total cash flow hedges (676) 0 22,807 13,605 63,359 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 72,509 (1,266,452) 0 0 0 Currency 21,406 0 0 0 0 Currency/Interest Rate 33,532 0 0 123 0 Credit 7,518 0 0 0 0 Equity 2,023,011 (488,930) 0 0 0 Embedded Derivatives (1,308,397) 0 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments 849,579 (1,755,382) 0 123 0 Total $ 848,903 $ (1,755,382) $ 22,807 $ 13,728 $ 63,359 Three Months Ended June 30, 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 $ (29) $ 0 $ (43) Currency/Interest Rate (1,944) 0 10,974 (7,027) (18,636) Total cash flow hedges (1,943) 0 10,945 (7,027) (18,679) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 63,875 (915,225) 0 0 0 Currency (5,416) 0 0 0 0 Currency/Interest Rate (23,601) 0 0 (54) 0 Credit 1,392 0 0 0 0 Equity 947,017 (398,134) 0 0 0 Embedded Derivatives (980,724) 0 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments 2,543 (1,313,359) 0 (54) 0 Total $ 600 $ (1,313,359) $ 10,945 $ (7,081) $ (18,679) Six Months Ended June 30, 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 $ (54) $ 0 $ (2) Currency/Interest Rate 571 0 22,679 (17,453) (38,964) Total cash flow hedges 572 0 22,625 (17,453) (38,966) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 15,712 (707,165) 0 0 0 Currency (12,026) 0 0 0 0 Currency/Interest Rate (36,322) 0 0 (200) 0 Credit 2,326 0 0 0 0 Equity 1,143,892 (598,066) 0 0 0 Embedded Derivatives (1,228,711) 0 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments (115,129) (1,305,231) 0 (200) 0 Total $ (114,557) $ (1,305,231) $ 22,625 $ (17,653) $ (38,966) 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 (71) Currency/Interest Rate 99,166 Total amount recorded in AOCI 99,095 Amount reclassified from AOCI to income Interest Rate 61 Currency/Interest Rate (35,797) Total amount reclassified from AOCI to income (35,736) Balance, June 30, 2024 $ 75,293 The changes in fair value of cash flow hedges are deferred in AOCI and are included in "Net unrealized investment gains (losses)" in the Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss); these amounts are then reclassified to earnings when the hedged item affects earnings. Using June 30, 2024 values, it is estimated that a pre-tax gain of $29 million is expected to be reclassified from AOCI to earnings during the subsequent twelve months ending June 30, 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 $521 million and $643 million as of June 30, 2024 and December 31, 2023, respectively. These credit derivatives are reported at fair value as an asset of $5 million and $8 million as of June 30, 2024 and December 31, 2023, respectively. As of June 30, 2024 the notional amount of these credit derivatives had the following NAIC ratings: $483 million in NAIC 3 and $38 million in NAIC 6. The Company has no exposure on purchased credit protection as of June 30, 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 agreements, as applicable; (ii) trading through central clearing and OTC parties; (iii) obtaining collateral, such as cash and securities, when appropriate; and (iv) setting limits on single-party credit exposures which are subject to periodic management review. Substantially all of the Company’s derivative agreements have zero thresholds which require daily full collateralization by the party in a liability position.

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	6 Months Ended
	Jun. 30, 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	6 Months Ended
	Jun. 30, 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: Six Months Ended June 30, 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 120,883 175,313 90,283 311,263 697,742 Amortization expense (18,538) (170,567) (36,597) (68,114) (293,816) Other(1) 0 0 (97) (18,507) (18,604) Balance, end of period $ 300,282 $ 3,262,507 $ 797,477 $ 3,122,567 $ 7,482,833 (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. Six Months Ended June 30, 2023 Fixed Annuities Variable Annuities Term Life Variable / Universal Life Total (in thousands) Balance, beginning of period $ 102,251 $ 3,736,454 $ 648,837 $ 2,442,883 $ 6,930,425 Capitalization 48,552 117,342 72,216 275,783 513,893 Amortization expense (9,490) (166,332) (31,084) (59,736) (266,642) Other(1) 0 (393,385) 0 0 (393,385) Balance, end of period $ 141,313 $ 3,294,079 $ 689,969 $ 2,658,930 $ 6,784,291 (1) Other includes the impact of the reinsurance agreement with AuguStar. See Note 11 for additional information. 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: Six Months Ended June 30, 2024 Variable Annuities Term Life Total (in thousands) Balance, beginning of period $ 194,110 $ 61,003 $ 255,113 Amortization expense (14,824) (3,870) (18,694) Other 1 0 1 Balance, end of period $ 179,287 $ 57,133 $ 236,420 Six Months Ended June 30, 2023 Variable Annuities Term Life Total (in thousands) Balance, beginning of period $ 223,515 $ 69,378 $ 292,893 Amortization expense (15,113) (4,280) (19,393) Balance, end of period $ 208,402 $ 65,098 $ 273,500 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: Six Months Ended June 30, 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 (5,444) (10,119) (58,690) (74,253) Other(1) (8) (40) 1,092,199 1,092,151 Balance, end of period $ 42,621 $ 251,562 $ 2,397,005 $ 2,691,188 (1) Other includes the impact of the Universal Life reinsurance transaction with PAR U, PURE and Prudential Insurance, including $1,207 million of DRG, partially offset by a $116 million write-off. See Note 11 for additional information. Six Months Ended June 30, 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 (4,406) (5,209) (36,032) (45,647) Other(1) 0 277,262 0 277,262 Balance, end of period $ 53,492 $ 272,053 $ 1,398,926 $ 1,724,471 (1) Other includes the impact of the reinsurance agreement with AuguStar. See Note 11 for additional information. 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: Six Months Ended June 30, 2024 2023 (in thousands) Balance, beginning of period $ 351,424 $ 381,504 Capitalization 1,214 1,503 Amortization expense (15,436) (16,088) Other 0 (3) Balance, end of period $ 337,202 $ 366,916

Separate Accounts

Separate Accounts	6 Months Ended
	Jun. 30, 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: June 30, 2024 December 31, 2023 (in thousands) Asset Type: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 4,925 $ 2,954 Obligations of U.S. states and their political subdivisions authorities 65 0 U.S. corporate securities 11,788 9,504 Foreign corporate securities 2,237 1,763 Asset-backed securities 1,016 0 Mortgage-backed securities 175 186 Mutual funds: Equity 75,066,834 72,614,821 Fixed Income 34,707,360 37,065,162 Other 4,324,051 4,101,661 Equity securities 99,581 104,159 Other invested assets 5,740,307 5,258,900 Short-term investments 574 2,126 Cash and cash equivalents 21,993 27,249 Total $ 119,980,906 $ 119,188,485 For the six months ended June 30, 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: Six Months Ended June 30, 2024 Variable Annuities Variable Life Total (in thousands) Balance, beginning of period $ 92,383,121 $ 26,805,364 $ 119,188,485 Deposits 291,602 1,506,531 1,798,133 Investment performance 5,034,082 2,795,950 7,830,032 Policy charges (1,112,504) (447,119) (1,559,623) Surrenders and withdrawals (6,694,864) (235,991) (6,930,855) Benefit payments (33,831) (131,243) (165,074) Net transfers (to) from general account (41,403) (169,366) (210,769) Other 2,825 27,752 30,577 Balance, end of period $ 89,829,028 $ 30,151,878 $ 119,980,906 Cash surrender value(2) $ 88,793,191 $ 26,797,766 $ 115,590,957 Six Months Ended June 30, 2023 Variable Annuities Variable Life Total (in thousands) Balance, beginning of period $ 91,785,448 $ 22,265,798 $ 114,051,246 Deposits 200,961 1,376,552 1,577,513 Investment performance 7,184,460 2,535,342 9,719,802 Policy charges (1,171,455) (405,108) (1,576,563) Surrenders and withdrawals (4,561,633) (214,686) (4,776,319) Benefit payments (43,056) (107,641) (150,697) Net transfers (to) from general account(1) (4,995) (1,035,554) (1,040,549) Other 5,405 30,317 35,722 Balance, end of period $ 93,395,135 $ 24,445,020 $ 117,840,155 Cash surrender value(2) $ 92,036,034 $ 21,526,262 $ 113,562,296 (1) Variable life includes $900 million of funding for a policy loan to an affiliated irrevocable trust. See Note 14 for additional information. (2) 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	6 Months Ended
	Jun. 30, 2024
Insurance [Abstract]
Liability For Future Policy Benefits	LIABILITY FOR FUTURE POLICY BENEFITS Liability for Future Policy Benefits primarily consists of the following sub-components, which are discussed in greater detail below. • Benefit Reserves; • Deferred Profit Liability ("DPL"); and • Additional Insurance Reserves ("AIR") In 2024, the Company recognized an impact to net income attributable to our annual reviews and update of assumptions and other refinements. Overall impact is immaterial for direct and assumed Benefit Reserves and DPL, net of the impact of flooring these liabilities at zero for each issue year cohort. Additionally, for direct and assumed AIR, the Company recognized an unfavorable impact primarily due to updates to policyholder behavior assumptions on universal life policies with secondary guarantees. In 2023, the Company recognized an impact to net income attributable to the annual reviews and update of assumptions and other refinements. Overall impact is immaterial for direct and assumed Benefit Reserves and DPL, net of the impact of flooring these liabilities at zero for each issue year cohort. Additionally, for direct and assumed AIR, the Company recognized an unfavorable impact primarily due to unfavorable model refinements, partially offset by updates to economic assumptions, including expected future rates of returns on universal life policies with secondary guarantees. 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. Six Months Ended June 30, 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 assumption update 21,466 0 21,466 Effect of actual variances from expected experience and other activity (127,507) (380) (127,887) Adjusted balance, beginning of period 11,047,503 (380) 11,047,123 Issuances 403,742 18,328 422,070 Net premiums / considerations collected (661,611) (17,948) (679,559) Interest accrual 254,945 0 254,945 Other adjustments (78) 0 (78) Balance at original discount rate, end of period 11,044,501 0 11,044,501 Effect of cumulative changes in discount rate assumptions, end of period (577,768) 0 (577,768) Balance, end of period $ 10,466,733 $ 0 $ 10,466,733 Six Months Ended June 30, 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 assumption update 21,480 (3,643) 17,837 Effect of actual variances from expected experience and other activity (153,025) (130) (153,155) Adjusted balance, beginning of period 18,626,233 244,536 18,870,769 Issuances 403,742 18,328 422,070 Interest accrual 444,536 4,453 448,989 Benefit payments (721,798) (15,519) (737,317) Other adjustments 1,103 (150) 953 Balance at original discount rate, end of period 18,753,816 251,648 19,005,464 Effect of cumulative changes in discount rate assumptions, end of period (1,064,363) (24,870) (1,089,233) Balance, end of period $ 17,689,453 $ 226,778 $ 17,916,231 Other, end of period 1,633 Total balance, end of period $ 17,917,864 Six Months Ended June 30, 2024 Net Liability for Future Policy Benefits (Benefit Reserves) Term Life Fixed Annuities Total (in thousands) Balance, end of period, pre-flooring $ 7,222,720 $ 226,778 $ 7,449,498 Flooring impact, end of period 44 0 44 Balance, end of period, post-flooring 7,222,764 226,778 7,449,542 Less: Reinsurance recoverables 6,518,048 18,453 6,536,501 Balance after reinsurance recoverables, end of period, post-flooring $ 704,716 $ 208,325 $ 913,041 Six Months Ended June 30, 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 assumption update (790) 0 (790) Effect of actual variances from expected experience and other activity (65,230) (1,257) (66,487) Adjusted balance, beginning of period 11,400,670 (1,257) 11,399,413 Issuances 318,867 23,211 342,078 Net premiums / considerations collected (674,147) (21,954) (696,101) Interest accrual 261,862 0 261,862 Balance at original discount rate, end of period 11,307,252 0 11,307,252 Effect of cumulative changes in discount rate assumptions, end of period (484,287) 0 (484,287) Balance, end of period $ 10,822,965 $ 0 $ 10,822,965 Six Months Ended June 30, 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 assumption update (1,044) 0 (1,044) Effect of actual variances from expected experience and other activity (87,110) 4,195 (82,915) Adjusted balance, beginning of period 18,709,131 233,798 18,942,929 Issuances 318,867 23,211 342,078 Interest accrual 447,387 4,201 451,588 Benefit payments (716,919) (14,838) (731,757) Other adjustments 1,558 (33) 1,525 Balance at original discount rate, end of period 18,760,024 246,339 19,006,363 Effect of cumulative changes in discount rate assumptions, end of period (791,413) (26,245) (817,658) Balance, end of period $ 17,968,611 $ 220,094 $ 18,188,705 Other, end of period 1,941 Total balance, end of period $ 18,190,646 Six Months Ended June 30, 2023 Net Liability for Future Policy Benefits (Benefit Reserves) Term Life Fixed Annuities Total (in thousands) Balance, end of period, pre-flooring $ 7,145,646 $ 220,094 $ 7,365,740 Flooring impact, end of period 0 0 0 Balance, end of period, post-flooring $ 7,145,646 $ 220,094 $ 7,365,740 Less: Reinsurance recoverables 6,614,071 17,835 6,631,906 Balance after reinsurance recoverables, end of period, post-flooring $ 531,575 $ 202,259 $ 733,834 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: Six Months Ended June 30, 2024 Term Life Fixed Annuities ($ in thousands) Undiscounted expected future gross premiums $ 21,795,982 $ 0 Discounted expected future gross premiums (at original discount rate) $ 14,920,888 $ 0 Discounted expected future gross premiums (at current discount rate) $ 14,173,894 $ 0 Undiscounted expected future benefits and expenses $ 29,155,998 $ 337,236 Interest accrual $ 189,591 $ 4,453 Gross premiums $ 901,158 $ 21,461 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) 9 6 Weighted-average interest rate (at original discount rate) 5.15 % 3.83 % Weighted-average interest rate (at current discount rate) 5.53 % 5.47 % Six Months Ended June 30, 2023 Term Life Fixed Annuities ($ in thousands) Undiscounted expected future gross premiums $ 21,948,491 $ 0 Discounted expected future gross premiums (at original discount rate) $ 15,125,847 $ 0 Discounted expected future gross premiums (at current discount rate) $ 14,493,623 $ 0 Undiscounted expected future benefits and expenses $ 29,156,389 $ 328,414 Interest accrual $ 185,524 $ 4,201 Gross premiums $ 900,634 $ 24,200 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) 5.20 % 3.57 % Weighted-average interest rate (at current discount rate) 5.28 % 5.27 % 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 six months of 2024, there was a $22 million gain in net income for non-participating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts, which was offset by a $21 million charge, reflecting the impact of ceded reinsurance on the affected cohorts. In the first six months of 2023, there was a $30 million gain in net income for non-participating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts, which was offset by a $30 million charge, reflecting the impact of ceded reinsurance on the affected cohorts. Deferred Profit Liability The balances of and changes in DPL as of and for the periods indicated are as follows: Six Months Ended June 30, 2024 2023 Fixed Annuities (in thousands) Balance, beginning of period, post-flooring $ 14,818 $ 18,193 Effect of assumption update 2,110 0 Effect of actual variances from expected experience and other activity 412 (5,092) Adjusted balance, beginning of period 17,340 13,101 Profits deferred 3,389 2,088 Interest accrual 319 294 Amortization (1,025) (973) Other adjustments (16) (8) Balance, end of period, post-flooring 20,007 14,502 Less: Reinsurance recoverables 1,439 1,558 Balance after reinsurance recoverables, end of period $ 18,568 $ 12,944 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 for certain long-duration life contracts. The following table shows a rollforward of AIR balances for variable and universal life products for the periods indicated: Six Months Ended June 30, 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 assumption update 154,058 22,910 Effect of actual variances from expected experience and other activity 161,320 26,204 Adjusted balance, beginning of period 15,427,754 13,982,796 Assessments collected(1) 586,734 513,593 Interest accrual 261,019 237,869 Benefits paid (158,757) (151,097) Balance, excluding amounts in AOCI, end of period, pre-flooring 16,116,750 14,583,161 Flooring impact and amounts in AOCI (1,642,621) (1,094,298) Balance, including amounts in AOCI, end of period, post-flooring 14,474,129 13,488,863 Less: Reinsurance recoverables 14,286,902 13,268,534 Balance after reinsurance recoverables, including amounts in AOCI, end of period $ 187,227 $ 220,329 (1) Represents the portion of gross assessments required to fund the future policy benefits. Six Months Ended June 30, 2024 2023 ($ in thousands) Interest accrual $ 261,019 $ 237,869 Gross assessments $ 903,426 $ 785,370 Weighted-average duration of the liability in years (at original discount rate) 22 22 Weighted-average interest rate (at original discount rate) 3.40 % 3.39 % 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: Six Months Ended June 30, 2024 2023 (in thousands) Benefit reserves, end of period, post-flooring $ 7,449,542 $ 7,365,740 Deferred profit liability, end of period, post-flooring 20,007 14,502 Additional insurance reserves, including amounts in AOCI, end of period, post-flooring 14,474,129 13,488,863 Subtotal of amounts disclosed above 21,943,678 20,869,105 Other Future policy benefits reserves(1) 1,086,901 1,108,889 Total Future policy benefits $ 23,030,579 $ 21,977,994 (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: Six Months Ended June 30, 2024 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 901,158 $ 0 $ 21,461 $ 922,619 Deferred profit liability 0 0 (5,187) (5,187) Additional insurance reserves 0 903,426 0 903,426 Total $ 901,158 $ 903,426 $ 16,274 $ 1,820,858 Six Months Ended June 30, 2023 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 900,634 $ 0 $ 24,200 $ 924,834 Deferred profit liability 0 0 3,691 3,691 Additional insurance reserves 0 785,370 0 785,370 Total $ 900,634 $ 785,370 $ 27,891 $ 1,713,895 (1) Represents "Gross premiums" for benefit reserves; "Revenue" for DPL and "Gross assessments" for AIR. Six Months Ended June 30, 2024 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 189,591 $ 0 $ 4,453 $ 194,044 Deferred profit liability 0 0 319 319 Additional insurance reserves 0 261,019 0 261,019 Total $ 189,591 $ 261,019 $ 4,772 $ 455,382 Six Months Ended June 30, 2023 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 185,524 $ 0 $ 4,201 $ 189,725 Deferred profit liability 0 0 294 294 Additional insurance reserves 0 237,869 0 237,869 Total $ 185,524 $ 237,869 $ 4,495 $ 427,888 Policyholders' Account Balances The balances of and changes in policyholders' account balances as of and for the periods ended are as follows: Six Months Ended June 30, 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 2,787,898 3,752,999 1,062,220 7,603,117 Interest credited 90,612 207,176 279,382 577,170 Policy charges (87) (12,007) (910,191) (922,285) Surrenders and withdrawals (251,521) (370,351) (376,600) (998,472) Benefit payments (24,948) (12,688) (33,912) (71,548) Net transfers (to) from separate account 0 41,403 169,366 210,769 Change in market value and other adjustments(1) 124,805 1,092,901 65,431 1,283,137 Balance, end of period 8,891,072 27,536,198 20,423,409 56,850,679 Unearned revenue reserve 4,082,015 Other 104,172 Total Policyholders' account balance $ 61,036,866 Weighted-average crediting rate 2.41 % 1.65 % 2.75 % 2.18 % Net amount at risk(2) $ 20 $ 0 $ 332,247,799 $ 332,247,819 Cash surrender value(3) $ 7,711,710 $ 25,912,600 $ 19,133,660 $ 52,757,970 Six Months Ended June 30, 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 1,180,342 2,225,558 1,030,843 4,436,743 Interest credited 44,970 131,119 278,886 454,975 Policy charges (3,078) (10,684) (903,228) (916,990) Surrenders and withdrawals (101,470) (233,470) (400,194) (735,134) Benefit payments (25,668) (15,067) (42,131) (82,866) Net transfers (to) from separate account 0 4,995 1,035,554 1,040,549 Change in market value and other adjustments(1) 69,817 954,563 139,608 1,163,988 Balance, end of period 4,740,737 19,489,046 19,875,703 44,105,486 Unearned revenue reserve 3,401,994 Other(4) 100,675 Total Policyholders' account balance $ 47,608,155 Weighted-average crediting rate 2.15 % 1.46 % 2.89 % 2.20 % Net amount at risk(2) $ 38 $ 0 $ 313,218,977 $ 313,219,015 Cash surrender value(3) $ 3,975,581 $ 17,391,104 $ 18,341,323 $ 39,708,008 (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: June 30, 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% $ 412 $ 3,827 $ 9,924 $ 707,366 $ 721,529 1.00% - 1.99% 448,198 69,557 200,379 78,195 796,329 2.00% - 2.99% 303,024 461,269 562,666 16,064 1,343,023 3.00% - 4.00% 825,027 5,007 7,862 2,261 840,157 Greater than 4.00% 0 0 0 0 0 Total $ 1,576,661 $ 539,660 $ 780,831 $ 803,886 $ 3,701,038 Variable Annuities Less than 1.00% $ 618,306 $ 651,182 $ 253,768 $ 178 $ 1,523,434 1.00% - 1.99% 184,745 118,146 2,380 0 305,271 2.00% - 2.99% 19,218 4,138 4,185 0 27,541 3.00% - 4.00% 856,020 5,501 2 0 861,523 Greater than 4.00% 2,059 0 0 0 2,059 Total $ 1,680,348 $ 778,967 $ 260,335 $ 178 $ 2,719,828 Variable Life / Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 171,754 $ 171,754 1.00% - 1.99% 246,886 0 1,678,254 1,580,722 3,505,862 2.00% - 2.99% 28,501 1,479,940 2,693,293 371,908 4,573,642 3.00% - 4.00% 3,841,175 2,170,158 1,107,301 0 7,118,634 Greater than 4.00% 2,114,438 0 0 0 2,114,438 Total $ 6,231,000 $ 3,650,098 $ 5,478,848 $ 2,124,384 $ 17,484,330 June 30, 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 $ 94 $ 27 $ 180 $ 301 1.00% - 1.99% 504,431 75,476 242,780 83,650 906,337 2.00% - 2.99% 261,482 466,971 47,851 10,920 787,224 3.00% - 4.00% 32,738 0 0 0 32,738 Greater than 4.00% 0 0 0 0 0 Total $ 798,651 $ 542,541 $ 290,658 $ 94,750 $ 1,726,600 Variable Annuities Less than 1.00% $ 972,976 $ 833,696 $ 18,454 $ 2 $ 1,825,128 1.00% - 1.99% 229,049 2,126 1,094 0 232,269 2.00% - 2.99% 24,531 4,090 0 0 28,621 3.00% - 4.00% 990,408 2,859 0 0 993,267 Greater than 4.00% 2,091 0 0 0 2,091 Total $ 2,219,055 $ 842,771 $ 19,548 $ 2 $ 3,081,376 Variable Life / Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 9,078 $ 9,078 1.00% - 1.99% 163,616 0 2,706,552 363,119 3,233,287 2.00% - 2.99% 21,001 1,399,691 2,765,577 267,001 4,453,270 3.00% - 4.00% 4,555,992 1,985,262 1,110,457 0 7,651,711 Greater than 4.00% 2,159,217 0 0 0 2,159,217 Total $ 6,899,826 $ 3,384,953 $ 6,582,586 $ 639,198 $ 17,506,563 (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: Six Months Ended June 30, 2024 2023 Variable Life / Universal Life (in thousands) Balance, beginning of period $ 3,741,426 $ 3,067,336 Unearned revenue 430,230 405,732 Amortization expense (89,640) (70,981) Other adjustments (1) (93) Balance, end of period $ 4,082,015 $ 3,401,994 Less: Reinsurance recoverables 1,794,071 1,621,229 Balance after reinsurance recoverables, end of period $ 2,287,944 $ 1,780,765 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: Six Months Ended June 30, 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 556,055 (131,047) 425,008 Claims paid (31,466) 3,110 (28,356) Interest accrual 119,334 (28,372) 90,962 Actual in force different from expected (2,637) (10,203) (12,840) Effect of changes in interest rates (870,637) 126,966 (743,671) Effect of changes in equity markets (1,112,214) 115,601 (996,613) Effect of assumption update 85,619 3,984 89,603 Issuances 28,190 (1,654) 26,536 Other adjustments 14,784 398 15,182 Effect of changes in current period counterparty non-performance risk 0 (6,098) (6,098) Balance, end of period, before effect of changes in non-performance risk 3,550,013 (845,107) 2,704,906 Effect of cumulative changes in non-performance risk (884,110) 0 (884,110) Balance, end of period $ 2,665,903 $ (845,107) $ 1,820,796 Six Months Ended June 30, 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 587,663 (107,425) 480,238 Claims paid (43,782) 3,681 (40,101) Interest accrual 160,106 (20,505) 139,601 Actual in force different from expected 36,193 (6,069) 30,124 Effect of changes in interest rates (671,989) 169,229 (502,760) Effect of changes in equity markets (1,314,461) 127,157 (1,187,304) Effect of assumption update 330,769 (54,067) 276,702 Issuances 11,403 9,025 20,428 Other adjustments(1) (17,436) (638,198) (655,634) Effect of changes in current period counterparty non-performance risk 0 (7,445) (7,445) Balance, end of period, before effect of changes in non-performance risk 5,357,001 (946,878) 4,410,123 Effect of cumulative changes in non-performance risk (1,660,587) 0 (1,660,587) Balance, end of period $ 3,696,414 $ (946,878) $ 2,749,536 (1) Other adjustments for June 30, 2023 primarily includes $638 million related to the reinsurance transaction with AuguStar. See Note 11 for additional information. In both 2024 and 2023, the Company recognized an unfavorable impact to net income attributable to the actuarial assumption update for direct and assumed MRBs, primarily due to updates to policyholder behavior assumptions on certain variable annuities. 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. June 30, 2024 June 30, 2023 Variable Annuities ($ in thousands) Net amount at risk(1) $ 8,732,024 $ 10,067,522 Weighted-average attained age of contractholders 71 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: June 30, 2024 June 30, 2023 Variable Annuities (in thousands) Direct and assumed $ 1,419,114 $ 1,165,762 Ceded 1,131,050 1,174,468 Total market risk benefit assets $ 2,550,164 $ 2,340,230 Direct and assumed $ 4,085,018 $ 4,862,177 Ceded 285,942 227,589 Total market risk benefit liabilities $ 4,370,960 $ 5,089,766 Net liability $ 1,820,796 $ 2,749,536

Policyholders' Liabilities

Policyholders' Liabilities	6 Months Ended
	Jun. 30, 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") In 2024, the Company recognized an impact to net income attributable to our annual reviews and update of assumptions and other refinements. Overall impact is immaterial for direct and assumed Benefit Reserves and DPL, net of the impact of flooring these liabilities at zero for each issue year cohort. Additionally, for direct and assumed AIR, the Company recognized an unfavorable impact primarily due to updates to policyholder behavior assumptions on universal life policies with secondary guarantees. In 2023, the Company recognized an impact to net income attributable to the annual reviews and update of assumptions and other refinements. Overall impact is immaterial for direct and assumed Benefit Reserves and DPL, net of the impact of flooring these liabilities at zero for each issue year cohort. Additionally, for direct and assumed AIR, the Company recognized an unfavorable impact primarily due to unfavorable model refinements, partially offset by updates to economic assumptions, including expected future rates of returns on universal life policies with secondary guarantees. 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. Six Months Ended June 30, 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 assumption update 21,466 0 21,466 Effect of actual variances from expected experience and other activity (127,507) (380) (127,887) Adjusted balance, beginning of period 11,047,503 (380) 11,047,123 Issuances 403,742 18,328 422,070 Net premiums / considerations collected (661,611) (17,948) (679,559) Interest accrual 254,945 0 254,945 Other adjustments (78) 0 (78) Balance at original discount rate, end of period 11,044,501 0 11,044,501 Effect of cumulative changes in discount rate assumptions, end of period (577,768) 0 (577,768) Balance, end of period $ 10,466,733 $ 0 $ 10,466,733 Six Months Ended June 30, 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 assumption update 21,480 (3,643) 17,837 Effect of actual variances from expected experience and other activity (153,025) (130) (153,155) Adjusted balance, beginning of period 18,626,233 244,536 18,870,769 Issuances 403,742 18,328 422,070 Interest accrual 444,536 4,453 448,989 Benefit payments (721,798) (15,519) (737,317) Other adjustments 1,103 (150) 953 Balance at original discount rate, end of period 18,753,816 251,648 19,005,464 Effect of cumulative changes in discount rate assumptions, end of period (1,064,363) (24,870) (1,089,233) Balance, end of period $ 17,689,453 $ 226,778 $ 17,916,231 Other, end of period 1,633 Total balance, end of period $ 17,917,864 Six Months Ended June 30, 2024 Net Liability for Future Policy Benefits (Benefit Reserves) Term Life Fixed Annuities Total (in thousands) Balance, end of period, pre-flooring $ 7,222,720 $ 226,778 $ 7,449,498 Flooring impact, end of period 44 0 44 Balance, end of period, post-flooring 7,222,764 226,778 7,449,542 Less: Reinsurance recoverables 6,518,048 18,453 6,536,501 Balance after reinsurance recoverables, end of period, post-flooring $ 704,716 $ 208,325 $ 913,041 Six Months Ended June 30, 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 assumption update (790) 0 (790) Effect of actual variances from expected experience and other activity (65,230) (1,257) (66,487) Adjusted balance, beginning of period 11,400,670 (1,257) 11,399,413 Issuances 318,867 23,211 342,078 Net premiums / considerations collected (674,147) (21,954) (696,101) Interest accrual 261,862 0 261,862 Balance at original discount rate, end of period 11,307,252 0 11,307,252 Effect of cumulative changes in discount rate assumptions, end of period (484,287) 0 (484,287) Balance, end of period $ 10,822,965 $ 0 $ 10,822,965 Six Months Ended June 30, 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 assumption update (1,044) 0 (1,044) Effect of actual variances from expected experience and other activity (87,110) 4,195 (82,915) Adjusted balance, beginning of period 18,709,131 233,798 18,942,929 Issuances 318,867 23,211 342,078 Interest accrual 447,387 4,201 451,588 Benefit payments (716,919) (14,838) (731,757) Other adjustments 1,558 (33) 1,525 Balance at original discount rate, end of period 18,760,024 246,339 19,006,363 Effect of cumulative changes in discount rate assumptions, end of period (791,413) (26,245) (817,658) Balance, end of period $ 17,968,611 $ 220,094 $ 18,188,705 Other, end of period 1,941 Total balance, end of period $ 18,190,646 Six Months Ended June 30, 2023 Net Liability for Future Policy Benefits (Benefit Reserves) Term Life Fixed Annuities Total (in thousands) Balance, end of period, pre-flooring $ 7,145,646 $ 220,094 $ 7,365,740 Flooring impact, end of period 0 0 0 Balance, end of period, post-flooring $ 7,145,646 $ 220,094 $ 7,365,740 Less: Reinsurance recoverables 6,614,071 17,835 6,631,906 Balance after reinsurance recoverables, end of period, post-flooring $ 531,575 $ 202,259 $ 733,834 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: Six Months Ended June 30, 2024 Term Life Fixed Annuities ($ in thousands) Undiscounted expected future gross premiums $ 21,795,982 $ 0 Discounted expected future gross premiums (at original discount rate) $ 14,920,888 $ 0 Discounted expected future gross premiums (at current discount rate) $ 14,173,894 $ 0 Undiscounted expected future benefits and expenses $ 29,155,998 $ 337,236 Interest accrual $ 189,591 $ 4,453 Gross premiums $ 901,158 $ 21,461 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) 9 6 Weighted-average interest rate (at original discount rate) 5.15 % 3.83 % Weighted-average interest rate (at current discount rate) 5.53 % 5.47 % Six Months Ended June 30, 2023 Term Life Fixed Annuities ($ in thousands) Undiscounted expected future gross premiums $ 21,948,491 $ 0 Discounted expected future gross premiums (at original discount rate) $ 15,125,847 $ 0 Discounted expected future gross premiums (at current discount rate) $ 14,493,623 $ 0 Undiscounted expected future benefits and expenses $ 29,156,389 $ 328,414 Interest accrual $ 185,524 $ 4,201 Gross premiums $ 900,634 $ 24,200 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) 5.20 % 3.57 % Weighted-average interest rate (at current discount rate) 5.28 % 5.27 % 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 six months of 2024, there was a $22 million gain in net income for non-participating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts, which was offset by a $21 million charge, reflecting the impact of ceded reinsurance on the affected cohorts. In the first six months of 2023, there was a $30 million gain in net income for non-participating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts, which was offset by a $30 million charge, reflecting the impact of ceded reinsurance on the affected cohorts. Deferred Profit Liability The balances of and changes in DPL as of and for the periods indicated are as follows: Six Months Ended June 30, 2024 2023 Fixed Annuities (in thousands) Balance, beginning of period, post-flooring $ 14,818 $ 18,193 Effect of assumption update 2,110 0 Effect of actual variances from expected experience and other activity 412 (5,092) Adjusted balance, beginning of period 17,340 13,101 Profits deferred 3,389 2,088 Interest accrual 319 294 Amortization (1,025) (973) Other adjustments (16) (8) Balance, end of period, post-flooring 20,007 14,502 Less: Reinsurance recoverables 1,439 1,558 Balance after reinsurance recoverables, end of period $ 18,568 $ 12,944 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 for certain long-duration life contracts. The following table shows a rollforward of AIR balances for variable and universal life products for the periods indicated: Six Months Ended June 30, 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 assumption update 154,058 22,910 Effect of actual variances from expected experience and other activity 161,320 26,204 Adjusted balance, beginning of period 15,427,754 13,982,796 Assessments collected(1) 586,734 513,593 Interest accrual 261,019 237,869 Benefits paid (158,757) (151,097) Balance, excluding amounts in AOCI, end of period, pre-flooring 16,116,750 14,583,161 Flooring impact and amounts in AOCI (1,642,621) (1,094,298) Balance, including amounts in AOCI, end of period, post-flooring 14,474,129 13,488,863 Less: Reinsurance recoverables 14,286,902 13,268,534 Balance after reinsurance recoverables, including amounts in AOCI, end of period $ 187,227 $ 220,329 (1) Represents the portion of gross assessments required to fund the future policy benefits. Six Months Ended June 30, 2024 2023 ($ in thousands) Interest accrual $ 261,019 $ 237,869 Gross assessments $ 903,426 $ 785,370 Weighted-average duration of the liability in years (at original discount rate) 22 22 Weighted-average interest rate (at original discount rate) 3.40 % 3.39 % 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: Six Months Ended June 30, 2024 2023 (in thousands) Benefit reserves, end of period, post-flooring $ 7,449,542 $ 7,365,740 Deferred profit liability, end of period, post-flooring 20,007 14,502 Additional insurance reserves, including amounts in AOCI, end of period, post-flooring 14,474,129 13,488,863 Subtotal of amounts disclosed above 21,943,678 20,869,105 Other Future policy benefits reserves(1) 1,086,901 1,108,889 Total Future policy benefits $ 23,030,579 $ 21,977,994 (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: Six Months Ended June 30, 2024 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 901,158 $ 0 $ 21,461 $ 922,619 Deferred profit liability 0 0 (5,187) (5,187) Additional insurance reserves 0 903,426 0 903,426 Total $ 901,158 $ 903,426 $ 16,274 $ 1,820,858 Six Months Ended June 30, 2023 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 900,634 $ 0 $ 24,200 $ 924,834 Deferred profit liability 0 0 3,691 3,691 Additional insurance reserves 0 785,370 0 785,370 Total $ 900,634 $ 785,370 $ 27,891 $ 1,713,895 (1) Represents "Gross premiums" for benefit reserves; "Revenue" for DPL and "Gross assessments" for AIR. Six Months Ended June 30, 2024 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 189,591 $ 0 $ 4,453 $ 194,044 Deferred profit liability 0 0 319 319 Additional insurance reserves 0 261,019 0 261,019 Total $ 189,591 $ 261,019 $ 4,772 $ 455,382 Six Months Ended June 30, 2023 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 185,524 $ 0 $ 4,201 $ 189,725 Deferred profit liability 0 0 294 294 Additional insurance reserves 0 237,869 0 237,869 Total $ 185,524 $ 237,869 $ 4,495 $ 427,888 Policyholders' Account Balances The balances of and changes in policyholders' account balances as of and for the periods ended are as follows: Six Months Ended June 30, 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 2,787,898 3,752,999 1,062,220 7,603,117 Interest credited 90,612 207,176 279,382 577,170 Policy charges (87) (12,007) (910,191) (922,285) Surrenders and withdrawals (251,521) (370,351) (376,600) (998,472) Benefit payments (24,948) (12,688) (33,912) (71,548) Net transfers (to) from separate account 0 41,403 169,366 210,769 Change in market value and other adjustments(1) 124,805 1,092,901 65,431 1,283,137 Balance, end of period 8,891,072 27,536,198 20,423,409 56,850,679 Unearned revenue reserve 4,082,015 Other 104,172 Total Policyholders' account balance $ 61,036,866 Weighted-average crediting rate 2.41 % 1.65 % 2.75 % 2.18 % Net amount at risk(2) $ 20 $ 0 $ 332,247,799 $ 332,247,819 Cash surrender value(3) $ 7,711,710 $ 25,912,600 $ 19,133,660 $ 52,757,970 Six Months Ended June 30, 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 1,180,342 2,225,558 1,030,843 4,436,743 Interest credited 44,970 131,119 278,886 454,975 Policy charges (3,078) (10,684) (903,228) (916,990) Surrenders and withdrawals (101,470) (233,470) (400,194) (735,134) Benefit payments (25,668) (15,067) (42,131) (82,866) Net transfers (to) from separate account 0 4,995 1,035,554 1,040,549 Change in market value and other adjustments(1) 69,817 954,563 139,608 1,163,988 Balance, end of period 4,740,737 19,489,046 19,875,703 44,105,486 Unearned revenue reserve 3,401,994 Other(4) 100,675 Total Policyholders' account balance $ 47,608,155 Weighted-average crediting rate 2.15 % 1.46 % 2.89 % 2.20 % Net amount at risk(2) $ 38 $ 0 $ 313,218,977 $ 313,219,015 Cash surrender value(3) $ 3,975,581 $ 17,391,104 $ 18,341,323 $ 39,708,008 (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: June 30, 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% $ 412 $ 3,827 $ 9,924 $ 707,366 $ 721,529 1.00% - 1.99% 448,198 69,557 200,379 78,195 796,329 2.00% - 2.99% 303,024 461,269 562,666 16,064 1,343,023 3.00% - 4.00% 825,027 5,007 7,862 2,261 840,157 Greater than 4.00% 0 0 0 0 0 Total $ 1,576,661 $ 539,660 $ 780,831 $ 803,886 $ 3,701,038 Variable Annuities Less than 1.00% $ 618,306 $ 651,182 $ 253,768 $ 178 $ 1,523,434 1.00% - 1.99% 184,745 118,146 2,380 0 305,271 2.00% - 2.99% 19,218 4,138 4,185 0 27,541 3.00% - 4.00% 856,020 5,501 2 0 861,523 Greater than 4.00% 2,059 0 0 0 2,059 Total $ 1,680,348 $ 778,967 $ 260,335 $ 178 $ 2,719,828 Variable Life / Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 171,754 $ 171,754 1.00% - 1.99% 246,886 0 1,678,254 1,580,722 3,505,862 2.00% - 2.99% 28,501 1,479,940 2,693,293 371,908 4,573,642 3.00% - 4.00% 3,841,175 2,170,158 1,107,301 0 7,118,634 Greater than 4.00% 2,114,438 0 0 0 2,114,438 Total $ 6,231,000 $ 3,650,098 $ 5,478,848 $ 2,124,384 $ 17,484,330 June 30, 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 $ 94 $ 27 $ 180 $ 301 1.00% - 1.99% 504,431 75,476 242,780 83,650 906,337 2.00% - 2.99% 261,482 466,971 47,851 10,920 787,224 3.00% - 4.00% 32,738 0 0 0 32,738 Greater than 4.00% 0 0 0 0 0 Total $ 798,651 $ 542,541 $ 290,658 $ 94,750 $ 1,726,600 Variable Annuities Less than 1.00% $ 972,976 $ 833,696 $ 18,454 $ 2 $ 1,825,128 1.00% - 1.99% 229,049 2,126 1,094 0 232,269 2.00% - 2.99% 24,531 4,090 0 0 28,621 3.00% - 4.00% 990,408 2,859 0 0 993,267 Greater than 4.00% 2,091 0 0 0 2,091 Total $ 2,219,055 $ 842,771 $ 19,548 $ 2 $ 3,081,376 Variable Life / Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 9,078 $ 9,078 1.00% - 1.99% 163,616 0 2,706,552 363,119 3,233,287 2.00% - 2.99% 21,001 1,399,691 2,765,577 267,001 4,453,270 3.00% - 4.00% 4,555,992 1,985,262 1,110,457 0 7,651,711 Greater than 4.00% 2,159,217 0 0 0 2,159,217 Total $ 6,899,826 $ 3,384,953 $ 6,582,586 $ 639,198 $ 17,506,563 (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: Six Months Ended June 30, 2024 2023 Variable Life / Universal Life (in thousands) Balance, beginning of period $ 3,741,426 $ 3,067,336 Unearned revenue 430,230 405,732 Amortization expense (89,640) (70,981) Other adjustments (1) (93) Balance, end of period $ 4,082,015 $ 3,401,994 Less: Reinsurance recoverables 1,794,071 1,621,229 Balance after reinsurance recoverables, end of period $ 2,287,944 $ 1,780,765 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: Six Months Ended June 30, 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 556,055 (131,047) 425,008 Claims paid (31,466) 3,110 (28,356) Interest accrual 119,334 (28,372) 90,962 Actual in force different from expected (2,637) (10,203) (12,840) Effect of changes in interest rates (870,637) 126,966 (743,671) Effect of changes in equity markets (1,112,214) 115,601 (996,613) Effect of assumption update 85,619 3,984 89,603 Issuances 28,190 (1,654) 26,536 Other adjustments 14,784 398 15,182 Effect of changes in current period counterparty non-performance risk 0 (6,098) (6,098) Balance, end of period, before effect of changes in non-performance risk 3,550,013 (845,107) 2,704,906 Effect of cumulative changes in non-performance risk (884,110) 0 (884,110) Balance, end of period $ 2,665,903 $ (845,107) $ 1,820,796 Six Months Ended June 30, 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 587,663 (107,425) 480,238 Claims paid (43,782) 3,681 (40,101) Interest accrual 160,106 (20,505) 139,601 Actual in force different from expected 36,193 (6,069) 30,124 Effect of changes in interest rates (671,989) 169,229 (502,760) Effect of changes in equity markets (1,314,461) 127,157 (1,187,304) Effect of assumption update 330,769 (54,067) 276,702 Issuances 11,403 9,025 20,428 Other adjustments(1) (17,436) (638,198) (655,634) Effect of changes in current period counterparty non-performance risk 0 (7,445) (7,445) Balance, end of period, before effect of changes in non-performance risk 5,357,001 (946,878) 4,410,123 Effect of cumulative changes in non-performance risk (1,660,587) 0 (1,660,587) Balance, end of period $ 3,696,414 $ (946,878) $ 2,749,536 (1) Other adjustments for June 30, 2023 primarily includes $638 million related to the reinsurance transaction with AuguStar. See Note 11 for additional information. In both 2024 and 2023, the Company recognized an unfavorable impact to net income attributable to the actuarial assumption update for direct and assumed MRBs, primarily due to updates to policyholder behavior assumptions on certain variable annuities. 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. June 30, 2024 June 30, 2023 Variable Annuities ($ in thousands) Net amount at risk(1) $ 8,732,024 $ 10,067,522 Weighted-average attained age of contractholders 71 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: June 30, 2024 June 30, 2023 Variable Annuities (in thousands) Direct and assumed $ 1,419,114 $ 1,165,762 Ceded 1,131,050 1,174,468 Total market risk benefit assets $ 2,550,164 $ 2,340,230 Direct and assumed $ 4,085,018 $ 4,862,177 Ceded 285,942 227,589 Total market risk benefit liabilities $ 4,370,960 $ 5,089,766 Net liability $ 1,820,796 $ 2,749,536

Market Risk Benefits

Market Risk Benefits	6 Months Ended
	Jun. 30, 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") In 2024, the Company recognized an impact to net income attributable to our annual reviews and update of assumptions and other refinements. Overall impact is immaterial for direct and assumed Benefit Reserves and DPL, net of the impact of flooring these liabilities at zero for each issue year cohort. Additionally, for direct and assumed AIR, the Company recognized an unfavorable impact primarily due to updates to policyholder behavior assumptions on universal life policies with secondary guarantees. In 2023, the Company recognized an impact to net income attributable to the annual reviews and update of assumptions and other refinements. Overall impact is immaterial for direct and assumed Benefit Reserves and DPL, net of the impact of flooring these liabilities at zero for each issue year cohort. Additionally, for direct and assumed AIR, the Company recognized an unfavorable impact primarily due to unfavorable model refinements, partially offset by updates to economic assumptions, including expected future rates of returns on universal life policies with secondary guarantees. 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. Six Months Ended June 30, 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 assumption update 21,466 0 21,466 Effect of actual variances from expected experience and other activity (127,507) (380) (127,887) Adjusted balance, beginning of period 11,047,503 (380) 11,047,123 Issuances 403,742 18,328 422,070 Net premiums / considerations collected (661,611) (17,948) (679,559) Interest accrual 254,945 0 254,945 Other adjustments (78) 0 (78) Balance at original discount rate, end of period 11,044,501 0 11,044,501 Effect of cumulative changes in discount rate assumptions, end of period (577,768) 0 (577,768) Balance, end of period $ 10,466,733 $ 0 $ 10,466,733 Six Months Ended June 30, 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 assumption update 21,480 (3,643) 17,837 Effect of actual variances from expected experience and other activity (153,025) (130) (153,155) Adjusted balance, beginning of period 18,626,233 244,536 18,870,769 Issuances 403,742 18,328 422,070 Interest accrual 444,536 4,453 448,989 Benefit payments (721,798) (15,519) (737,317) Other adjustments 1,103 (150) 953 Balance at original discount rate, end of period 18,753,816 251,648 19,005,464 Effect of cumulative changes in discount rate assumptions, end of period (1,064,363) (24,870) (1,089,233) Balance, end of period $ 17,689,453 $ 226,778 $ 17,916,231 Other, end of period 1,633 Total balance, end of period $ 17,917,864 Six Months Ended June 30, 2024 Net Liability for Future Policy Benefits (Benefit Reserves) Term Life Fixed Annuities Total (in thousands) Balance, end of period, pre-flooring $ 7,222,720 $ 226,778 $ 7,449,498 Flooring impact, end of period 44 0 44 Balance, end of period, post-flooring 7,222,764 226,778 7,449,542 Less: Reinsurance recoverables 6,518,048 18,453 6,536,501 Balance after reinsurance recoverables, end of period, post-flooring $ 704,716 $ 208,325 $ 913,041 Six Months Ended June 30, 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 assumption update (790) 0 (790) Effect of actual variances from expected experience and other activity (65,230) (1,257) (66,487) Adjusted balance, beginning of period 11,400,670 (1,257) 11,399,413 Issuances 318,867 23,211 342,078 Net premiums / considerations collected (674,147) (21,954) (696,101) Interest accrual 261,862 0 261,862 Balance at original discount rate, end of period 11,307,252 0 11,307,252 Effect of cumulative changes in discount rate assumptions, end of period (484,287) 0 (484,287) Balance, end of period $ 10,822,965 $ 0 $ 10,822,965 Six Months Ended June 30, 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 assumption update (1,044) 0 (1,044) Effect of actual variances from expected experience and other activity (87,110) 4,195 (82,915) Adjusted balance, beginning of period 18,709,131 233,798 18,942,929 Issuances 318,867 23,211 342,078 Interest accrual 447,387 4,201 451,588 Benefit payments (716,919) (14,838) (731,757) Other adjustments 1,558 (33) 1,525 Balance at original discount rate, end of period 18,760,024 246,339 19,006,363 Effect of cumulative changes in discount rate assumptions, end of period (791,413) (26,245) (817,658) Balance, end of period $ 17,968,611 $ 220,094 $ 18,188,705 Other, end of period 1,941 Total balance, end of period $ 18,190,646 Six Months Ended June 30, 2023 Net Liability for Future Policy Benefits (Benefit Reserves) Term Life Fixed Annuities Total (in thousands) Balance, end of period, pre-flooring $ 7,145,646 $ 220,094 $ 7,365,740 Flooring impact, end of period 0 0 0 Balance, end of period, post-flooring $ 7,145,646 $ 220,094 $ 7,365,740 Less: Reinsurance recoverables 6,614,071 17,835 6,631,906 Balance after reinsurance recoverables, end of period, post-flooring $ 531,575 $ 202,259 $ 733,834 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: Six Months Ended June 30, 2024 Term Life Fixed Annuities ($ in thousands) Undiscounted expected future gross premiums $ 21,795,982 $ 0 Discounted expected future gross premiums (at original discount rate) $ 14,920,888 $ 0 Discounted expected future gross premiums (at current discount rate) $ 14,173,894 $ 0 Undiscounted expected future benefits and expenses $ 29,155,998 $ 337,236 Interest accrual $ 189,591 $ 4,453 Gross premiums $ 901,158 $ 21,461 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) 9 6 Weighted-average interest rate (at original discount rate) 5.15 % 3.83 % Weighted-average interest rate (at current discount rate) 5.53 % 5.47 % Six Months Ended June 30, 2023 Term Life Fixed Annuities ($ in thousands) Undiscounted expected future gross premiums $ 21,948,491 $ 0 Discounted expected future gross premiums (at original discount rate) $ 15,125,847 $ 0 Discounted expected future gross premiums (at current discount rate) $ 14,493,623 $ 0 Undiscounted expected future benefits and expenses $ 29,156,389 $ 328,414 Interest accrual $ 185,524 $ 4,201 Gross premiums $ 900,634 $ 24,200 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) 5.20 % 3.57 % Weighted-average interest rate (at current discount rate) 5.28 % 5.27 % 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 six months of 2024, there was a $22 million gain in net income for non-participating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts, which was offset by a $21 million charge, reflecting the impact of ceded reinsurance on the affected cohorts. In the first six months of 2023, there was a $30 million gain in net income for non-participating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts, which was offset by a $30 million charge, reflecting the impact of ceded reinsurance on the affected cohorts. Deferred Profit Liability The balances of and changes in DPL as of and for the periods indicated are as follows: Six Months Ended June 30, 2024 2023 Fixed Annuities (in thousands) Balance, beginning of period, post-flooring $ 14,818 $ 18,193 Effect of assumption update 2,110 0 Effect of actual variances from expected experience and other activity 412 (5,092) Adjusted balance, beginning of period 17,340 13,101 Profits deferred 3,389 2,088 Interest accrual 319 294 Amortization (1,025) (973) Other adjustments (16) (8) Balance, end of period, post-flooring 20,007 14,502 Less: Reinsurance recoverables 1,439 1,558 Balance after reinsurance recoverables, end of period $ 18,568 $ 12,944 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 for certain long-duration life contracts. The following table shows a rollforward of AIR balances for variable and universal life products for the periods indicated: Six Months Ended June 30, 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 assumption update 154,058 22,910 Effect of actual variances from expected experience and other activity 161,320 26,204 Adjusted balance, beginning of period 15,427,754 13,982,796 Assessments collected(1) 586,734 513,593 Interest accrual 261,019 237,869 Benefits paid (158,757) (151,097) Balance, excluding amounts in AOCI, end of period, pre-flooring 16,116,750 14,583,161 Flooring impact and amounts in AOCI (1,642,621) (1,094,298) Balance, including amounts in AOCI, end of period, post-flooring 14,474,129 13,488,863 Less: Reinsurance recoverables 14,286,902 13,268,534 Balance after reinsurance recoverables, including amounts in AOCI, end of period $ 187,227 $ 220,329 (1) Represents the portion of gross assessments required to fund the future policy benefits. Six Months Ended June 30, 2024 2023 ($ in thousands) Interest accrual $ 261,019 $ 237,869 Gross assessments $ 903,426 $ 785,370 Weighted-average duration of the liability in years (at original discount rate) 22 22 Weighted-average interest rate (at original discount rate) 3.40 % 3.39 % 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: Six Months Ended June 30, 2024 2023 (in thousands) Benefit reserves, end of period, post-flooring $ 7,449,542 $ 7,365,740 Deferred profit liability, end of period, post-flooring 20,007 14,502 Additional insurance reserves, including amounts in AOCI, end of period, post-flooring 14,474,129 13,488,863 Subtotal of amounts disclosed above 21,943,678 20,869,105 Other Future policy benefits reserves(1) 1,086,901 1,108,889 Total Future policy benefits $ 23,030,579 $ 21,977,994 (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: Six Months Ended June 30, 2024 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 901,158 $ 0 $ 21,461 $ 922,619 Deferred profit liability 0 0 (5,187) (5,187) Additional insurance reserves 0 903,426 0 903,426 Total $ 901,158 $ 903,426 $ 16,274 $ 1,820,858 Six Months Ended June 30, 2023 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 900,634 $ 0 $ 24,200 $ 924,834 Deferred profit liability 0 0 3,691 3,691 Additional insurance reserves 0 785,370 0 785,370 Total $ 900,634 $ 785,370 $ 27,891 $ 1,713,895 (1) Represents "Gross premiums" for benefit reserves; "Revenue" for DPL and "Gross assessments" for AIR. Six Months Ended June 30, 2024 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 189,591 $ 0 $ 4,453 $ 194,044 Deferred profit liability 0 0 319 319 Additional insurance reserves 0 261,019 0 261,019 Total $ 189,591 $ 261,019 $ 4,772 $ 455,382 Six Months Ended June 30, 2023 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 185,524 $ 0 $ 4,201 $ 189,725 Deferred profit liability 0 0 294 294 Additional insurance reserves 0 237,869 0 237,869 Total $ 185,524 $ 237,869 $ 4,495 $ 427,888 Policyholders' Account Balances The balances of and changes in policyholders' account balances as of and for the periods ended are as follows: Six Months Ended June 30, 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 2,787,898 3,752,999 1,062,220 7,603,117 Interest credited 90,612 207,176 279,382 577,170 Policy charges (87) (12,007) (910,191) (922,285) Surrenders and withdrawals (251,521) (370,351) (376,600) (998,472) Benefit payments (24,948) (12,688) (33,912) (71,548) Net transfers (to) from separate account 0 41,403 169,366 210,769 Change in market value and other adjustments(1) 124,805 1,092,901 65,431 1,283,137 Balance, end of period 8,891,072 27,536,198 20,423,409 56,850,679 Unearned revenue reserve 4,082,015 Other 104,172 Total Policyholders' account balance $ 61,036,866 Weighted-average crediting rate 2.41 % 1.65 % 2.75 % 2.18 % Net amount at risk(2) $ 20 $ 0 $ 332,247,799 $ 332,247,819 Cash surrender value(3) $ 7,711,710 $ 25,912,600 $ 19,133,660 $ 52,757,970 Six Months Ended June 30, 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 1,180,342 2,225,558 1,030,843 4,436,743 Interest credited 44,970 131,119 278,886 454,975 Policy charges (3,078) (10,684) (903,228) (916,990) Surrenders and withdrawals (101,470) (233,470) (400,194) (735,134) Benefit payments (25,668) (15,067) (42,131) (82,866) Net transfers (to) from separate account 0 4,995 1,035,554 1,040,549 Change in market value and other adjustments(1) 69,817 954,563 139,608 1,163,988 Balance, end of period 4,740,737 19,489,046 19,875,703 44,105,486 Unearned revenue reserve 3,401,994 Other(4) 100,675 Total Policyholders' account balance $ 47,608,155 Weighted-average crediting rate 2.15 % 1.46 % 2.89 % 2.20 % Net amount at risk(2) $ 38 $ 0 $ 313,218,977 $ 313,219,015 Cash surrender value(3) $ 3,975,581 $ 17,391,104 $ 18,341,323 $ 39,708,008 (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: June 30, 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% $ 412 $ 3,827 $ 9,924 $ 707,366 $ 721,529 1.00% - 1.99% 448,198 69,557 200,379 78,195 796,329 2.00% - 2.99% 303,024 461,269 562,666 16,064 1,343,023 3.00% - 4.00% 825,027 5,007 7,862 2,261 840,157 Greater than 4.00% 0 0 0 0 0 Total $ 1,576,661 $ 539,660 $ 780,831 $ 803,886 $ 3,701,038 Variable Annuities Less than 1.00% $ 618,306 $ 651,182 $ 253,768 $ 178 $ 1,523,434 1.00% - 1.99% 184,745 118,146 2,380 0 305,271 2.00% - 2.99% 19,218 4,138 4,185 0 27,541 3.00% - 4.00% 856,020 5,501 2 0 861,523 Greater than 4.00% 2,059 0 0 0 2,059 Total $ 1,680,348 $ 778,967 $ 260,335 $ 178 $ 2,719,828 Variable Life / Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 171,754 $ 171,754 1.00% - 1.99% 246,886 0 1,678,254 1,580,722 3,505,862 2.00% - 2.99% 28,501 1,479,940 2,693,293 371,908 4,573,642 3.00% - 4.00% 3,841,175 2,170,158 1,107,301 0 7,118,634 Greater than 4.00% 2,114,438 0 0 0 2,114,438 Total $ 6,231,000 $ 3,650,098 $ 5,478,848 $ 2,124,384 $ 17,484,330 June 30, 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 $ 94 $ 27 $ 180 $ 301 1.00% - 1.99% 504,431 75,476 242,780 83,650 906,337 2.00% - 2.99% 261,482 466,971 47,851 10,920 787,224 3.00% - 4.00% 32,738 0 0 0 32,738 Greater than 4.00% 0 0 0 0 0 Total $ 798,651 $ 542,541 $ 290,658 $ 94,750 $ 1,726,600 Variable Annuities Less than 1.00% $ 972,976 $ 833,696 $ 18,454 $ 2 $ 1,825,128 1.00% - 1.99% 229,049 2,126 1,094 0 232,269 2.00% - 2.99% 24,531 4,090 0 0 28,621 3.00% - 4.00% 990,408 2,859 0 0 993,267 Greater than 4.00% 2,091 0 0 0 2,091 Total $ 2,219,055 $ 842,771 $ 19,548 $ 2 $ 3,081,376 Variable Life / Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 9,078 $ 9,078 1.00% - 1.99% 163,616 0 2,706,552 363,119 3,233,287 2.00% - 2.99% 21,001 1,399,691 2,765,577 267,001 4,453,270 3.00% - 4.00% 4,555,992 1,985,262 1,110,457 0 7,651,711 Greater than 4.00% 2,159,217 0 0 0 2,159,217 Total $ 6,899,826 $ 3,384,953 $ 6,582,586 $ 639,198 $ 17,506,563 (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: Six Months Ended June 30, 2024 2023 Variable Life / Universal Life (in thousands) Balance, beginning of period $ 3,741,426 $ 3,067,336 Unearned revenue 430,230 405,732 Amortization expense (89,640) (70,981) Other adjustments (1) (93) Balance, end of period $ 4,082,015 $ 3,401,994 Less: Reinsurance recoverables 1,794,071 1,621,229 Balance after reinsurance recoverables, end of period $ 2,287,944 $ 1,780,765 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: Six Months Ended June 30, 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 556,055 (131,047) 425,008 Claims paid (31,466) 3,110 (28,356) Interest accrual 119,334 (28,372) 90,962 Actual in force different from expected (2,637) (10,203) (12,840) Effect of changes in interest rates (870,637) 126,966 (743,671) Effect of changes in equity markets (1,112,214) 115,601 (996,613) Effect of assumption update 85,619 3,984 89,603 Issuances 28,190 (1,654) 26,536 Other adjustments 14,784 398 15,182 Effect of changes in current period counterparty non-performance risk 0 (6,098) (6,098) Balance, end of period, before effect of changes in non-performance risk 3,550,013 (845,107) 2,704,906 Effect of cumulative changes in non-performance risk (884,110) 0 (884,110) Balance, end of period $ 2,665,903 $ (845,107) $ 1,820,796 Six Months Ended June 30, 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 587,663 (107,425) 480,238 Claims paid (43,782) 3,681 (40,101) Interest accrual 160,106 (20,505) 139,601 Actual in force different from expected 36,193 (6,069) 30,124 Effect of changes in interest rates (671,989) 169,229 (502,760) Effect of changes in equity markets (1,314,461) 127,157 (1,187,304) Effect of assumption update 330,769 (54,067) 276,702 Issuances 11,403 9,025 20,428 Other adjustments(1) (17,436) (638,198) (655,634) Effect of changes in current period counterparty non-performance risk 0 (7,445) (7,445) Balance, end of period, before effect of changes in non-performance risk 5,357,001 (946,878) 4,410,123 Effect of cumulative changes in non-performance risk (1,660,587) 0 (1,660,587) Balance, end of period $ 3,696,414 $ (946,878) $ 2,749,536 (1) Other adjustments for June 30, 2023 primarily includes $638 million related to the reinsurance transaction with AuguStar. See Note 11 for additional information. In both 2024 and 2023, the Company recognized an unfavorable impact to net income attributable to the actuarial assumption update for direct and assumed MRBs, primarily due to updates to policyholder behavior assumptions on certain variable annuities. 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. June 30, 2024 June 30, 2023 Variable Annuities ($ in thousands) Net amount at risk(1) $ 8,732,024 $ 10,067,522 Weighted-average attained age of contractholders 71 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: June 30, 2024 June 30, 2023 Variable Annuities (in thousands) Direct and assumed $ 1,419,114 $ 1,165,762 Ceded 1,131,050 1,174,468 Total market risk benefit assets $ 2,550,164 $ 2,340,230 Direct and assumed $ 4,085,018 $ 4,862,177 Ceded 285,942 227,589 Total market risk benefit liabilities $ 4,370,960 $ 5,089,766 Net liability $ 1,820,796 $ 2,749,536

Reinsurance

Reinsurance	6 Months Ended
	Jun. 30, 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 $990 million pre-tax recapture loss and a $1,207 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: June 30, 2024 December 31, 2023 (in thousands) Reinsurance recoverables $ 40,693,991 $ 38,709,651 Policy loans (1,098,752) (1,082,584) Deferred policy acquisition costs (3,154,068) (3,195,161) Deferred sales inducements (33,943) (35,313) Market risk benefit assets 1,131,482 1,165,378 Other assets 2,413,087 1,897,410 Policyholders’ account balances 5,746,173 5,977,108 Future policy benefits 7,197,282 7,026,209 Market risk benefit liabilities 287,741 249,538 Other liabilities 7,830,608 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: June 30, 2024 December 31, 2023 (in thousands) Deferred policy acquisition costs $ 65,299 $ 71,315 Market risk benefit assets 780,056 745,662 Other assets 2,313,943 1,795,422 Policyholders’ account balances 1,726,686 1,830,579 Future policy benefits 185 453 Market risk benefit liabilities 146,676 131,594 Other liabilities 2,352,382 1,915,205 Reinsurance recoverables by counterparty are as follows: June 30, 2024 December 31, 2023 (in thousands) PAR U $ 18,630,892 $ 15,722,061 PURC 0 7,565,968 PARCC 2,123,485 2,304,270 GUL Re 0 3,211,899 PAR Term 1,987,253 2,101,004 Prudential Insurance 4,164,836 1,311,525 Term Re 1,980,014 2,080,564 Lotus Re 2,077,391 2,051,831 DART 765,376 744,043 PURE 7,383,771 0 Unaffiliated 1,580,973 1,616,486 Total reinsurance recoverables $ 40,693,991 $ 38,709,651 Reinsurance amounts, included in the Company’s Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss) for the three and six months ended June 30, were as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 (in thousands) Premiums: Direct $ 462,458 $ 476,472 $ 922,086 $ 938,539 Assumed 30 34 63 (122) Ceded (367,567) (386,541) (735,046) (771,796) Net premiums 94,921 89,965 187,103 166,621 Policy charges and fee income: Direct 785,299 749,037 1,556,488 1,484,975 Assumed 239,838 148,479 498,608 301,079 Ceded (636,303) (533,980) 1,242,943 (1,036,027) Net policy charges and fee income 388,834 363,536 3,298,039 750,027 Net investment income: Direct 592,448 402,761 1,111,500 753,084 Assumed 333 343 663 686 Ceded (12,788) (10,029) (26,850) (11,245) Net investment income(1) 579,993 393,075 1,085,313 742,525 Asset administration fees: Direct 79,776 80,952 162,464 161,308 Assumed 0 0 0 0 Ceded (24,663) (24,164) (50,719) (40,318) Net asset administration fees 55,113 56,788 111,745 120,990 Other income (loss): Direct 84,931 79,657 129,747 305,391 Assumed 24 (56) 349 (349) Ceded 52,734 25,857 221,078 45,263 Net other income (loss)(1) 137,689 105,458 351,174 350,305 Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Realized investment gains (losses), net: Direct 765,146 (88,715) 777,502 (334,638) Assumed 72,351 82,278 63,184 220,944 Ceded 1,385 14,131 21,196 709 Realized investment gains (losses), net(1) 838,882 7,694 861,882 (112,985) Change in value of market risk benefits, net of related hedging gain (loss): Direct (298,559) 174,084 15,327 207,204 Assumed 1,072 2,774 606 (3,443) Ceded 15,304 (215,745) (206,525) (222,446) Net change in value of market risk benefits, net of related hedging gain (loss) (282,183) (38,887) (190,592) (18,685) Policyholders’ benefits (including change in reserves): Direct 909,374 848,495 1,910,820 1,727,280 Assumed 245,810 332,048 533,221 649,335 Ceded (1,019,305) (1,033,582) 1,798,246 (2,124,472) Net policyholders’ benefits (including change in reserves)(1) 135,879 146,961 4,242,287 252,143 Change in estimates of liability for future policy benefits: Direct 72,870 31,146 212,456 (17,355) Assumed 74,378 23,844 64,868 25,651 Ceded (153,422) (56,123) (295,503) (13,831) Net change in estimates of liability for future policy benefits (6,174) (1,133) (18,179) (5,535) Interest credited to policyholders’ account balances: Direct 297,194 215,973 575,584 438,548 Assumed 36,344 27,957 82,492 66,463 Ceded (107,314) (100,114) (207,302) (200,973) Net interest credited to policyholders’ account balances 226,224 143,816 450,774 304,038 Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization (116,030) (105,195) (506,173) (223,025) (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 June 30, Six Months Ended June 30, 2024 2023(1) 2024 2023 (in thousands) Premiums: Assumed $ 30 $ 34 $ 60 $ (132) Ceded (26,827) (16,802) (51,979) (33,377) Policy charges and fee income: Assumed 356 383 628 923 Ceded (44,958) (38,338) (86,970) (62,276) Net investment income(1): Ceded 0 1,993 0 12,913 Asset administration fees: Ceded (7,007) (7,740) (14,323) (7,740) Other income (loss)(1): Assumed 24 55 453 (238) Ceded 26,002 8,031 47,806 9,653 Realized investment gains (losses), net(1): Assumed 72,351 82,278 63,184 220,944 Ceded 21,774 13,952 46,999 (629) Change in value of market risk benefits, net of related hedging gain (loss): Assumed 1,072 2,774 606 (3,443) Ceded 34,461 (75,325) (63,547) (80,098) Policyholders’ benefits (including change in reserves)(1): Assumed 28 189 361 280 Ceded (64,243) (36,118) (211,071) (63,820) Change in estimates of liability for future policy benefits: Ceded 29 (416) 91,902 (416) Interest credited to policyholders’ account balances: Assumed 7,657 (2,370) 25,116 5,099 Ceded (1) (85) (1) (85) (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 June 30, 2024 and 2023 were as follows: 2024 2023 (in thousands) Direct gross life insurance face amount in force $ 1,147,562,454 $ 1,107,571,392 Assumed gross life insurance face amount in force 35,029,437 36,059,164 Reinsurance ceded (1,041,974,560) (1,015,213,859) Net life insurance face amount in force $ 140,617,331 $ 128,416,697 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 June 30, 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 $2,152 million and $1,618 million at June 30, 2024 and December 31, 2023, respectively. The funds withheld liabilities totaled $1,974 million and $1,518 million at June 30, 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 June 30, 2024, $2.1 billion of HDI v.3.0 account values are reinsured to Union Hamilton.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 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 expense of $70.8 million, or 16.94% of income (loss) from operations before income taxes and equity in earnings of operating joint venture, in the first six months of 2024, compared to $96.6 million, or 16.25%, in the first six 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	6 Months Ended
	Jun. 30, 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 six months ended June 30, 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 (4,178) (448,732) 66,215 (183,925) (570,620) Amounts reclassified from AOCI 0 (20,268) 0 0 (20,268) Income tax benefit (expense) 275 98,567 (13,905) 38,624 123,561 Balance, June 30, 2024 $ (21,988) $ (1,298,211) $ 123,505 $ 698,447 $ (498,247) 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 3,266 116,395 (17,588) (67,323) 34,750 Amounts reclassified from AOCI 0 2,479 0 0 2,479 Income tax benefit (expense) (363) (24,884) 3,693 14,138 (7,416) Balance, June 30, 2023 $ (17,104) $ (1,380,485) $ 105,473 $ 1,311,864 $ 19,748 (1) Includes cash flow hedges of $75 million and $12 million as of June 30, 2024 and December 31, 2023, respectively, and $100 million and $139 million as of June 30, 2023 and December 31, 2022, respectively . Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended Six Months Ended 2024 2023 2024 2023 (in thousands) Amounts reclassified from AOCI(1)(2): Net unrealized investment gains (losses): Cash flow hedges - Currency/Interest rate(3) $ 12,832 $ 1,974 $ 35,736 $ 5,744 Net unrealized investment gains (losses) on available-for-sale securities (8,631) (2) (15,468) (8,223) Total net unrealized investment gains (losses)(4) 4,201 1,972 20,268 (2,479) Total reclassifications for the period $ 4,201 $ 1,972 $ 20,268 $ (2,479) (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 (1,461) (543,630) 0 0 114,566 (430,525) Reclassification adjustment for (gains) losses included in net income (9) (20,259) 0 0 4,260 (16,008) 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 (797,795) 894,154 (20,259) 76,100 Balance, June 30, 2024 $ 491 $ (1,968,043) $ (1,599,146) $ 1,923,252 $ 345,235 $ (1,298,211) (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	6 Months Ended
	Jun. 30, 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 $0.4 million for both the three months ended June 30, 2024 and 2023, and $0.6 million and $0.5 million for the six months ended June 30, 2024 and 2023, respectively. The expense charged to the Company for the deferred compensation program was $0.8 million and $0.7 million for the three months ended June 30, 2024 and 2023, respectively, and $4.1 million and $3.4 million for the six months ended June 30, 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 $2 million and $4 million for the three months ended June 30, 2024 and 2023, respectively, and $5 million and $7 million for the six months ended June 30, 2024 and 2023, respectively. The Company is also charged for its share of the costs associated with welfare plans issued by Prudential Insurance. These expenses include costs related to medical, dental, life insurance and disability. The Company's share of net expense for the welfare plans was $5 million and $3 million for the three months ended June 30, 2024 and 2023, respectively, and $9 million and $7 million for the six months ended June 30, 2024 and 2023, respectively. Prudential Insurance sponsors voluntary savings plans for its employee 401(k) plans. The plans provide for salary reduction contributions by employees and matching contributions by the Company of up to 4% of annual salary. The Company’s expense for its share of t he voluntary savings plan was $2 million for both the three months ended June 30, 2024 and 2023, and $4 million for both the six months ended June 30, 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 $211 million and $147 million for the three months ended June 30, 2024 and 2023, respectively, and $389 million and $287 million for the six months ended June 30, 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 $32 million and $34 million for the three months ended June 30, 2024 and 2023, respectively, and $68 million and $73 million six months ended June 30, 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 $4,410 million and $4,156 million at June 30, 2024 and December 31, 2023, respectively. Fees related to these COLI policies were $14 million and $12 million for the three months ended June 30, 2024 and 2023, respectively, and $27 million and $25 million for the six months ended June 30, 2024 and 2023, respectively. The Company reinsures the risk associated with these COLI policies to an affiliate reinsurer as part of a broader program related to variable insurance policies. 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 $897 million and $898 million as of June 30, 2024 and December 31, 2023, respectively. Interest income related to the policy loan was $11 million and $5 million for the three months ended June 30, 2024 and 2023 , respectively, and $21 million and $5 million for the six months ended June 30, 2024 and 2023, respectively. 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 $17 million and $13 million for the three months ended June 30, 2024 and 2023, respectively, and $32 million and $25 million for the six months ended June 30, 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 $127 million and $120 million for the three months ended June 30, 2024 and 2023, respectively, and $254 million and $230 million for the six months ended June 30, 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 $936 million and $754 million of investments in joint ventures as of June 30, 2024 and December 31, 2023, r espectively. "Net investment income" related to these ventures includes gains (losses) of $10 million and $(6) million for the three months ended June 30, 2024 and 2023, respectively, and $19 million and $(4) million for the six months ended June 30, 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 $67 million and $70 million f or the three months ended June 30, 2024 and 2023, respectively, and $136 million and $139 million for the six months ended June 30, 2024 and 2023, respectively. 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 June 30, 2024 and 2023, respectively, and $22 million and $18 million for the six months ended June 30, 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 June 30, 2024 and December 31, 2023 is as follows: Maturity Dates Interest Rates June 30, 2024 December 31, 2023 (in thousands) U.S. dollar fixed rate notes 2025 - 2032 0.00% - 14.85 % $ 330,814 $ 147,984 Total notes receivable - affiliated(1) $ 330,814 $ 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 June 30, 2024 and December 31, 2023, and is included in “Other assets”. Revenues related to these loans were $0 million and $1 million for the three months ended June 30, 2024 and 2023, respectively, and $1 million and $2 million for the six months ended June 30, 2024 and 2023, respectively, and are included in “Other income (loss)”. Affiliated Commercial Mortgage Loan The affiliated commercial mortgage loan included in "Commercial mortgage and other loans" at June 30, 2024 and December 31, 2023 were as follows: Maturity Date Interest Rate June 30, 2024 December 31, 2023 (in thousands) Affiliated Commercial Mortgage Loan 2025 9.83 % $ 70,445 $ 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 at both June 30, 2024 and December 31, 2023, and is included in "Accrued investment income". Revenues were $2 million and $1 million for the three months ended June 30, 2024 and 2023, respectively, and $4 million and $3 million for the six months ended June 30, 2024 and 2023, respectively, and are included in "Net investment income". Affiliated Asset Transfers The Company participates in affiliated asset trades with parent and sister companies. Book and market value differences for trades with a parent and sister are recognized within "Additional paid-in capital" (“APIC”) and "Realized investment gains (losses), net", respectively. The table below shows affiliated asset trades for the six months ended June 30, 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 PURC 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 Windhill CLO 1, Ltd. April 2024 Sale Fixed Maturities $ 2,261 $ 2,300 $ 0 $ (39) Windhill CLO 2, Ltd. May 2024 Sale Fixed Maturities $ 14,034 $ 14,415 $ 0 $ (381) Windhill CLO 1, Ltd. June 2024 Sale Fixed Maturities $ 2,045 $ 2,100 $ 0 $ (55) Windhill CLO 2, Ltd. June 2024 Sale Fixed Maturities $ 23,342 $ 23,743 $ 0 $ (401) PAR U June 2024 Transfer in Other Invested Assets $ 326 $ 326 $ 0 $ 0 PURE June 2024 Transfer out Other Invested Assets $ 326 $ 326 $ 0 $ 0 PAR U June 2024 Purchase Commercial Mortgage and Other Loans $ 12,555 $ 12,555 $ 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 June 30, 2024 and December 31, 2023. Affiliate Date Amount of Notes - June 30, 2024 Amount of Notes - December 31, 2023 Interest Rate Date of Maturity (in thousands) Prudential Insurance 8/13/2021 $ 0 $ 94,953 3.95 % 6/20/2024 Prudential Insurance 8/13/2021 0 37,981 3.95 % 6/20/2024 Prudential Insurance 8/13/2021 0 47,477 3.95 % 6/20/2024 Total Loans Payable to Affiliates(1) $ 0 $ 180,411 (1) Includes $180 million of loans reclassified as current portion of long-term debt as of December 31, 2023. The total interes t expense to the Company related to affiliated loans and cash collateral with PGF was $7 million and $2 million for the three months ended June 30, 2024 and 2023, respectively, and $11 million and $5 million for the six months ended June 30, 2024 and 2023, respectively. All debt outstanding as of 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 2024, there was a $550 million return of capital to 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 June 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	6 Months Ended
	Jun. 30, 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 June 30, 2024 and December 31, 2023, the outstanding balances on these commitments were $235 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 June 30, 2024 and December 31, 2023, respectively. There was a change in allowance of $0.0 million and $0.1 million for the three and six months ended June 30, 2024, respectively and $0.1 million for both the three and six months ended June 30, 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 June 30, 2024 and December 31, 2023, $1,167 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 or six months ended June 30, 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 June 30, 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 June 30, 2024 December 31, 2023 (in thousands) Guaranteed value of third-parties' assets $ 1,208,219 $ 311,302 Fair value of collateral supporting these assets $ 1,047,957 $ 287,621 Asset (liability) associated with guarantee, carried at fair value $ 762 $ 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 June 30, 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)	6 Months Ended
	Jun. 30, 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 June 30, 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 (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 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: June 30, 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 $ 1,198,985 $ 13,506 $ 91,356 $ 0 $ 1,121,135 Obligations of U.S. states and their political subdivisions 637,572 1,961 27,051 0 612,482 Foreign government bonds 326,497 855 61,028 0 266,324 U.S. public corporate securities 12,357,109 43,886 987,257 1,616 11,412,122 U.S. private corporate securities 5,540,730 11,550 329,287 1,588 5,221,405 Foreign public corporate securities 3,020,621 9,803 133,192 139 2,897,093 Foreign private corporate securities 5,357,655 48,506 485,061 0 4,921,100 Asset-backed securities(1) 3,403,884 31,590 8,205 0 3,427,269 Commercial mortgage-backed securities 922,301 3,193 66,432 0 859,062 Residential mortgage-backed securities(2) 384,608 606 12,438 5 372,771 Total fixed maturities, available-for-sale $ 33,149,962 $ 165,456 $ 2,201,307 $ 3,348 $ 31,110,763 (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: June 30, 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 $ 230,068 $ 2,572 $ 294,783 $ 88,784 $ 524,851 $ 91,356 Obligations of U.S. states and their political subdivisions 223,788 3,957 234,192 23,094 457,980 27,051 Foreign government bonds 22,104 674 226,215 60,354 248,319 61,028 U.S. public corporate securities 2,763,982 57,470 5,644,459 929,754 8,408,441 987,224 U.S. private corporate securities 1,257,925 29,254 3,114,266 300,033 4,372,191 329,287 Foreign public corporate securities 891,965 5,472 988,534 127,696 1,880,499 133,168 Foreign private corporate securities 1,238,396 29,092 2,526,982 455,969 3,765,378 485,061 Asset-backed securities 476,496 1,994 193,910 6,211 670,406 8,205 Commercial mortgage-backed securities 69,386 301 568,747 66,131 638,133 66,432 Residential mortgage-backed securities 129,727 1,264 151,836 11,174 281,563 12,438 Total fixed maturities, available-for-sale $ 7,303,837 $ 132,050 $ 13,943,924 $ 2,069,200 $ 21,247,761 $ 2,201,250 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: June 30, 2024 Amortized Cost Fair Value (in thousands) Fixed maturities, available-for-sale: Due in one year or less $ 1,585,826 $ 1,549,703 Due after one year through five years 10,560,134 10,212,123 Due after five years through ten years 8,207,957 7,798,270 Due after ten years 8,085,252 6,891,565 Asset-backed securities 3,403,884 3,427,269 Commercial mortgage-backed securities 922,301 859,062 Residential mortgage-backed securities 384,608 372,771 Total fixed maturities, available-for-sale $ 33,149,962 $ 31,110,763
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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 (in thousands) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 321,870 $ 68,308 $ 428,025 $ 128,681 Proceeds from maturities/prepayments 698,470 193,205 1,135,913 488,333 Gross investment gains from sales and maturities 9,407 6,777 10,344 9,449 Gross investment losses from sales and maturities (16,340) (5,587) (24,472) (17,525) Write-downs recognized in earnings(2) 0 4 0 7 (Addition to) release of allowance for credit losses (1,698) (1,196) (1,340) (154) (1) Excludes activity from non-cash related proceeds due to the timing of trade settlements of $(55.0) million and $51.9 million for the six months ended June 30, 2024 and 2023, respectively. (2) Amounts represent write-downs of credit adverse securities and securities actively marketed for sale.
Allowance for Credit Losses for Fixed Maturity Securities	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 June 30, 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 $ 1,650 $ 0 $ 0 $ 0 $ 1,650 Additions to allowance for credit losses not previously recorded 0 0 339 0 0 5 344 Reductions for securities sold during the period 0 0 (1) 0 0 0 (1) Additions (reductions) on securities with previous allowance 0 0 1,355 0 0 0 1,355 Assets transferred to parent and affiliates 0 0 0 0 0 0 0 Balance, end of period $ 0 $ 0 $ 3,343 $ 0 $ 0 $ 5 $ 3,348 Three Months Ended June 30, 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 $ 0 $ 3,720 $ 0 $ 0 $ 7 $ 3,727 Additions to allowance for credit losses not previously recorded 0 0 242 0 0 0 242 Reductions for securities sold during the period 0 0 (41) 0 0 0 (41) Additions (reductions) on securities with previous allowance 0 0 996 0 0 (1) 995 Balance, end of period $ 0 $ 0 $ 4,917 $ 0 $ 0 $ 6 $ 4,923 Six Months Ended June 30, 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 0 396 0 0 5 401 Reductions for securities sold during the period 0 0 (42) 0 0 0 (42) Additions (reductions) on securities with previous allowance 0 0 510 (1) 0 (7) 502 Assets transferred to parent and affiliates 0 0 479 0 0 0 479 Balance, end of period $ 0 $ 0 $ 3,343 $ 0 $ 0 $ 5 $ 3,348 Six Months Ended June 30, 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 3,165 0 0 0 3,165 Reductions for securities sold during the period 0 (1) (3,774) 0 0 0 (3,775) Additions (reductions) on securities with previous allowance 0 (4) 771 0 0 (3) 764 Balance, end of period $ 0 $ 0 $ 4,917 $ 0 $ 0 $ 6 $ 4,923
Commercial Mortgage and Other Loans	The following table sets forth the composition of “Commercial mortgage and other loans”, as of the dates indicated: June 30, 2024 December 31, 2023 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Apartments/Multi-Family $ 1,776,234 26.3 % $ 1,578,785 25.7 % Hospitality 99,596 1.5 102,952 1.7 Industrial 2,701,470 40.0 2,486,230 40.4 Office 587,978 8.6 604,611 9.8 Other 666,349 9.9 456,720 7.4 Retail 349,157 5.2 363,706 5.9 Total commercial mortgage loans 6,180,784 91.5 5,593,004 90.9 Agricultural property loans 571,962 8.5 562,046 9.1 Total commercial mortgage and agricultural property loans 6,752,746 100.0 % 6,155,050 100.0 % Allowance for credit losses (41,572) (37,689) Total net commercial mortgage and agricultural property loans 6,711,174 6,117,361 Other loans: Other collateralized loans 7,212 5,360 Total other loans 7,212 5,360 Total net commercial mortgage and other loans $ 6,718,386 $ 6,122,721 The affiliated commercial mortgage loan included in "Commercial mortgage and other loans" at June 30, 2024 and December 31, 2023 were as follows: Maturity Date Interest Rate June 30, 2024 December 31, 2023 (in thousands) Affiliated Commercial Mortgage Loan 2025 9.83 % $ 70,445 $ 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 June 30, 2024 2023 Commercial Mortgage Loans Agricultural Property Loans Total Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Allowance, beginning of period $ 41,769 $ 913 $ 42,682 $ 20,427 $ 983 $ 21,410 Addition to (release of) allowance for expected losses (1,077) (33) (1,110) 706 (23) 683 Allowance, end of period $ 40,692 $ 880 $ 41,572 $ 21,133 $ 960 $ 22,093 Six Months Ended June 30, 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 3,934 (51) 3,883 1,468 362 1,830 Allowance, end of period $ 40,692 $ 880 $ 41,572 $ 21,133 $ 960 $ 22,093
Financing Receivable Credit Quality Indicators	The following tables set forth key credit quality indicators based upon the recorded investment gross of allowance for credit losses, as of the dates indicated: June 30, 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% $ 89,035 $ 254,068 $ 230,308 $ 480,391 $ 94,393 $ 1,197,399 $ 0 $ 2,345,594 60%-69.99% 541,378 690,428 362,596 445,103 170,063 405,172 0 2,614,740 70%-79.99% 126,919 210,883 121,583 257,377 77,219 57,912 0 851,893 80% or greater 2,130 0 57,764 84,140 3,850 220,673 0 368,557 Total $ 759,462 $ 1,155,379 $ 772,251 $ 1,267,011 $ 345,525 $ 1,881,156 $ 0 $ 6,180,784 Debt Service Coverage Ratio: Greater than 1.2x $ 713,612 $ 1,039,629 $ 768,777 $ 1,267,011 $ 275,080 $ 1,755,968 $ 0 $ 5,820,077 1.0 - 1.2x 45,850 115,750 3,474 0 0 49,352 0 214,426 Less than 1.0x 0 0 0 0 70,445 75,836 0 146,281 Total $ 759,462 $ 1,155,379 $ 772,251 $ 1,267,011 $ 345,525 $ 1,881,156 $ 0 $ 6,180,784 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 19,587 $ 89,733 $ 168,400 $ 131,887 $ 23,775 $ 43,900 $ 13,789 $ 491,071 60%-69.99% 0 19,452 37,889 0 0 0 0 57,341 70%-79.99% 0 0 7,000 0 0 0 14,815 21,815 80% or greater 0 0 0 0 1,735 0 0 1,735 Total $ 19,587 $ 109,185 $ 213,289 $ 131,887 $ 25,510 $ 43,900 $ 28,604 $ 571,962 Debt Service Coverage Ratio: Greater than 1.2x $ 18,587 $ 95,419 $ 211,289 $ 130,184 $ 23,775 $ 43,900 $ 28,604 $ 551,758 1.0 - 1.2x 1,000 13,766 2,000 0 1,735 0 0 18,501 Less than 1.0x 0 0 0 1,703 0 0 0 1,703 Total $ 19,587 $ 109,185 $ 213,289 $ 131,887 $ 25,510 $ 43,900 $ 28,604 $ 571,962 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: June 30, 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 $ 6,167,492 $ 0 $ 0 $ 13,292 $ 6,180,784 $ 15,422 Agricultural property loans 571,962 0 0 0 571,962 3,322 Other collateralized loans 7,212 0 0 0 7,212 0 Total $ 6,746,666 $ 0 $ 0 $ 13,292 $ 6,759,958 $ 18,744 (1) As of June 30, 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: June 30, 2024 December 31, 2023 (in thousands) LPs/LLCs: Equity method: Private equity $ 358,116 $ 333,863 Hedge funds 869,690 720,360 Real estate-related 97,597 83,339 Subtotal equity method 1,325,403 1,137,562 Fair value: Private equity 33,140 48,483 Hedge funds 25 137 Real estate-related 17,153 18,687 Subtotal fair value 50,318 67,307 Total LPs/LLCs 1,375,721 1,204,869 Derivative instruments 27,244 17,718 Other (1) 440 398 Total other invested assets $ 1,403,405 $ 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: June 30, 2024 December 31, 2023 (in thousands) Fixed maturities $ 343,332 $ 272,031 Equity securities 220 220 Commercial mortgage and other loans 23,906 21,070 Policy loans 52,057 35,210 Other invested assets 0 43 Short-term investments and cash equivalents 6,787 5,264 Total accrued investment income $ 426,302 $ 333,838
Net Investment Income	The following table sets forth “Net investment income” by investment type, for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 (in thousands) Fixed maturities, available-for-sale $ 393,930 $ 275,718 $ 732,739 $ 510,528 Fixed maturities, trading 38,957 21,761 70,626 39,635 Equity securities 6,458 2,543 10,205 5,320 Commercial mortgage and other loans 77,920 56,317 151,678 104,973 Policy loans 16,588 10,622 31,033 15,618 Other invested assets 28,747 15,624 52,067 41,723 Short-term investments and cash equivalents 41,007 29,582 87,322 60,758 Gross investment income 603,607 412,167 1,135,670 778,555 Less: investment expenses (23,614) (19,092) (50,357) (36,030) Net investment income $ 579,993 $ 393,075 $ 1,085,313 $ 742,525
Realized Investment Gains (Losses), Net	The following table sets forth “Realized investment gains (losses), net” by investment type, for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 (in thousands) Fixed maturities(1) $ (8,631) $ (2) $ (15,468) $ (8,223) Commercial mortgage and other loans 1,162 (806) (4,619) (2,084) Other invested assets 17,635 7,569 33,146 13,196 Derivatives 828,449 600 848,903 (117,670) Short-term investments and cash equivalents 267 333 (80) 1,796 Realized investment gains (losses), net $ 838,882 $ 7,694 $ 861,882 $ (112,985) (1) Includes fixed maturity securities classified as available-for-sale and excludes fixed maturity securities classified as trading.
Net Unrealized Gains and (Losses) on Investments	The following table sets forth net unrealized gains (losses) on investments, as of the dates indicated: June 30, 2024 December 31, 2023 (in thousands) Fixed maturity securities, available-for-sale with an allowance $ 491 $ 1,987 Fixed maturity securities, available-for-sale without an allowance (2,036,342) (1,406,265) Derivatives designated as cash flow hedges(1) 75,293 11,934 Affiliated notes (6,791) (8,760) Other investments(2) (203) (1,089) Net unrealized gains (losses) on investments $ (1,967,552) $ (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: June 30, 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 7,712 1,900 9,612 27,247 0 27,247 U.S. private corporate securities 17 0 17 0 0 0 Foreign public corporate securities 9,768 0 9,768 13,101 0 13,101 Equity securities 0 0 0 177,476 0 177,476 Total cash collateral for loaned securities(1) $ 17,497 $ 1,900 $ 19,397 $ 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)	6 Months Ended
	Jun. 30, 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 the netting effects of master netting agreements and cash collateral. June 30, 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 $ 2,975 $ 215 $ (491) $ 3,064 $ 0 $ (238) Foreign Currency Swaps 2,725,643 165,873 (32,245) 2,274,636 121,243 (54,044) Total Derivatives Designated as Hedge Accounting Instruments $ 2,728,618 $ 166,088 $ (32,736) $ 2,277,700 $ 121,243 $ (54,282) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 167,487,864 $ 8,227,910 $ (19,877,550) $ 163,179,764 $ 6,605,817 $ (17,820,436) Interest Rate Futures 859,000 2,964 (291) 1,332,600 3,055 (210) Interest Rate Options 29,503,000 227,324 (1,181,463) 29,738,000 189,112 (969,718) Interest Rate Forwards 1,458,000 55,415 (57,927) 1,458,000 741 (3,196) Foreign Currency Foreign Currency Forwards 908,100 4,913 (985) 744,576 1,772 (12,232) Credit Credit Default Swaps 520,600 4,830 0 643,280 7,727 0 Currency/Interest Rate Foreign Currency Swaps 2,238,553 125,477 (20,687) 2,237,331 96,618 (31,294) Equity Total Return Swaps 15,885,233 599,846 (803,880) 15,049,993 418,084 (803,452) Equity Options 72,507,886 3,638,902 (2,274,561) 49,247,510 1,600,335 (1,552,706) Equity Futures 813,292 156 (3,041) 418,973 1,232 (500) Synthetic GICs 1,208,219 763 (208) 311,302 1 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments $ 293,389,747 $ 12,888,500 $ (24,220,593) $ 264,361,329 $ 8,924,494 $ (21,193,744) Total Derivatives(1)(2) $ 296,118,365 $ 13,054,588 $ (24,253,329) $ 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 $9,606 million and $7,402 million as of June 30, 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. June 30, 2024 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 13,053,807 $ (13,027,344) $ 26,463 $ 0 $ 26,463 Securities purchased under agreements to resell 325,000 0 325,000 0 325,000 Total Assets $ 13,378,807 $ (13,027,344) $ 351,463 $ 0 $ 351,463 Offsetting of Financial Liabilities: Derivatives $ 24,253,121 $ (21,143,003) $ 3,110,118 $ (3,110,118) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 24,253,121 $ (21,143,003) $ 3,110,118 $ (3,110,118) $ 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. June 30, 2024 Gross Gross Net Amounts Financial Net (in thousands) Offsetting of Financial Assets: Derivatives $ 13,053,807 $ (13,027,344) $ 26,463 $ 0 $ 26,463 Securities purchased under agreements to resell 325,000 0 325,000 0 325,000 Total Assets $ 13,378,807 $ (13,027,344) $ 351,463 $ 0 $ 351,463 Offsetting of Financial Liabilities: Derivatives $ 24,253,121 $ (21,143,003) $ 3,110,118 $ (3,110,118) $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 24,253,121 $ (21,143,003) $ 3,110,118 $ (3,110,118) $ 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 June 30, 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 $ 2 $ 0 $ (21) Currency/Interest Rate (569) 0 12,141 1,258 36,201 Total cash flow hedges (568) 0 12,143 1,258 36,180 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 28,037 (410,527) 0 0 0 Currency 8,285 0 0 0 0 Currency/Interest Rate 1,556 0 0 (60) 0 Credit (368) 0 0 0 0 Equity 596,834 (58,063) 0 0 0 Embedded Derivatives 194,673 0 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments 829,017 (468,590) 0 (60) 0 Total $ 828,449 $ (468,590) $ 12,143 $ 1,198 $ 36,180 Six Months Ended June 30, 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 $ (62) $ 0 $ (10) Currency/Interest Rate (677) 0 22,869 13,605 63,369 Total cash flow hedges (676) 0 22,807 13,605 63,359 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 72,509 (1,266,452) 0 0 0 Currency 21,406 0 0 0 0 Currency/Interest Rate 33,532 0 0 123 0 Credit 7,518 0 0 0 0 Equity 2,023,011 (488,930) 0 0 0 Embedded Derivatives (1,308,397) 0 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments 849,579 (1,755,382) 0 123 0 Total $ 848,903 $ (1,755,382) $ 22,807 $ 13,728 $ 63,359 Three Months Ended June 30, 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 $ (29) $ 0 $ (43) Currency/Interest Rate (1,944) 0 10,974 (7,027) (18,636) Total cash flow hedges (1,943) 0 10,945 (7,027) (18,679) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 63,875 (915,225) 0 0 0 Currency (5,416) 0 0 0 0 Currency/Interest Rate (23,601) 0 0 (54) 0 Credit 1,392 0 0 0 0 Equity 947,017 (398,134) 0 0 0 Embedded Derivatives (980,724) 0 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments 2,543 (1,313,359) 0 (54) 0 Total $ 600 $ (1,313,359) $ 10,945 $ (7,081) $ (18,679) Six Months Ended June 30, 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 $ (54) $ 0 $ (2) Currency/Interest Rate 571 0 22,679 (17,453) (38,964) Total cash flow hedges 572 0 22,625 (17,453) (38,966) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 15,712 (707,165) 0 0 0 Currency (12,026) 0 0 0 0 Currency/Interest Rate (36,322) 0 0 (200) 0 Credit 2,326 0 0 0 0 Equity 1,143,892 (598,066) 0 0 0 Embedded Derivatives (1,228,711) 0 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments (115,129) (1,305,231) 0 (200) 0 Total $ (114,557) $ (1,305,231) $ 22,625 $ (17,653) $ (38,966)
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 (71) Currency/Interest Rate 99,166 Total amount recorded in AOCI 99,095 Amount reclassified from AOCI to income Interest Rate 61 Currency/Interest Rate (35,797) Total amount reclassified from AOCI to income (35,736) Balance, June 30, 2024 $ 75,293

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	6 Months Ended
	Jun. 30, 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. June 30, 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 $ 1,121,135 $ 0 $ $ 1,121,135 Obligations of U.S. states and their political subdivisions 0 612,482 0 612,482 Foreign government bonds 0 265,660 664 266,324 U.S. corporate public securities 0 11,412,122 0 11,412,122 U.S. corporate private securities 0 4,639,796 581,609 5,221,405 Foreign corporate public securities 0 2,890,201 6,892 2,897,093 Foreign corporate private securities 0 4,504,426 416,674 4,921,100 Asset-backed securities(2) 0 2,835,605 591,664 3,427,269 Commercial mortgage-backed securities 0 782,691 76,371 859,062 Residential mortgage-backed securities 0 372,771 0 372,771 Subtotal 0 29,436,889 1,673,874 31,110,763 Market risk benefit assets 0 0 2,550,164 2,550,164 Fixed maturities, trading 0 2,833,692 240,820 3,074,512 Equity securities 521,834 15,455 28,330 565,619 Short-term investments 7,942 347,940 2,674 358,556 Cash equivalents 0 1,667,949 605 1,668,554 Other invested assets(4) 15,921 13,037,904 763 (13,027,344) 27,244 Other assets 0 0 363,440 363,440 Reinsurance recoverables 0 0 127,289 127,289 Receivables from parent and affiliates 0 149,495 181,319 330,814 Subtotal excluding separate account assets 545,697 47,489,324 5,169,278 (13,027,344) 40,176,955 Separate account assets(5)(6) 209,537 114,021,411 9,799 114,240,747 Total assets $ 755,234 $ 161,510,735 $ 5,179,077 $ (13,027,344) $ 154,417,702 Market risk benefit liabilities $ 0 $ 0 $ 4,370,960 $ $ 4,370,960 Policyholders' account balances 0 0 10,083,258 10,083,258 Payables to parent and affiliates 0 24,249,436 0 (21,142,232) 3,107,204 Other liabilities(7) 3,686 13,178 207 (771) 16,300 Total liabilities $ 3,686 $ 24,262,614 $ 14,454,425 $ (21,143,003) $ 17,577,722 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 $(8,116) million and $(9,569) million as of June 30, 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 June 30, 2024 and December 31, 2023, the fair value of such investments was $50 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 June 30, 2024 and December 31, 2023, the fair value of such investments was $5,740 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. June 30, 2024 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Average Impact of (in thousands) Assets: Corporate securities(2) $ 889,304 Discounted cash flow Discount rate 7.42 % 20 % 11.75 % Decrease Commercial mortgage-backed securities $ 76,371 Discounted cash flow Liquidity premium 1.00 % 1.00 % 1.00 % Decrease Market risk benefit assets(3) $ 2,550,164 Discounted cash flow Lapse rate(4) 1 % 20 % Increase Spread over SOFR(5) 0.35 % 1.92 % Increase Utilization rate(6) 37 % 94 % Decrease Withdrawal rate See table footnote (7) below. Mortality rate(8) 0 % 16 % Increase Equity volatility curve 15 % 25 % Decrease Other assets(9) $ 363,440 Discounted cash flow Lapse rate(4) 0 % 80 % Increase Spread over SOFR(5) 0.35 % 1.90 % Increase Mortality rate(8) 0 % 23 % Increase Option budget(11) (1) % 7 % Decrease Receivable from parent and affiliates $ 181,319 Recent purchase price Recent purchase price Liabilities: Market risk benefit liabilities(3) $ 4,370,960 Discounted cash flow Lapse rate(4) 1 % 20 % Decrease Spread over SOFR(5) 0.35 % 1.92 % Decrease Utilization rate(6) 37 % 94 % Increase Withdrawal rate See table footnote (7) below. Mortality rate(8) 0 % 16 % Decrease Equity volatility curve 15 % 25 % Increase Policyholders' account balances(10) $ 10,083,258 Discounted cash flow Lapse rate(4) 0 % 80 % Decrease Spread over SOFR(5) 0.35 % 1.90 % Decrease Mortality rate(8) 0 % 23 % Decrease Option budget(11) (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(9) $ 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(11) (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(10) $ 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(11) (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 June 30, 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 June 30, 2024 and December 31, 2023, the minimum withdrawal rate assumption is 78% and 81%, respectively. As of June 30, 2024 and December 31, 2023 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) Includes deposit assets related to reinsurance agreements using deposit accounting, which include amounts representing the fair value of embedded derivative instruments associated with the index-linked features of certain annuity products. (10) Policyholders’ account balances primarily represent general account liabilities for the index-linked interest credited on certain of the Company’s life and annuity products that are accounted for as embedded derivatives. Since the valuation methodology for these liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than a weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (11) Option budget estimates the expected long-term cost of options used to hedge exposures associated with equity price and interest rate changes. The level of option 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 June 30, 2024(6) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3(7) Transfers out of Level 3(7) Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in thousands) Fixed maturities, available-for-sale: Foreign government $ 671 $ (7) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 664 $ (11) Corporate securities(3) 1,009,650 (6,128) 203,749 (65,650) 0 (71,908) (65,480) 942 0 1,005,175 (7,077) Structured securities(4) 694,121 (254) 37,188 0 0 (51,300) 65,480 0 (77,200) 668,035 380 Other assets: Fixed maturities, trading 146,543 (50) 111,784 0 0 (2,261) 0 0 (15,196) 240,820 (42) Equity securities 28,650 (320) 0 0 0 0 0 0 0 28,330 (320) Other invested assets 1 761 1 0 0 0 0 0 0 763 761 Short-term investments 3,351 320 304 (8) 0 (1,293) 0 0 0 2,674 308 Cash equivalents 0 0 605 0 0 0 0 0 0 605 0 Other assets 303,538 14,418 58,326 0 0 (12,842) 0 0 0 363,440 1,575 Receivables from parent and affiliates 121,378 0 111,140 (51,199) 0 0 0 0 0 181,319 0 Reinsurance recoverables(5) 96,442 (20,186) 51,033 0 0 0 0 0 0 127,289 (43,624) Separate account assets 7,894 102 1,805 (2) 0 0 0 0 0 9,799 102 Liabilities: Policyholders' account balances(5) (9,752,538) 213,839 0 0 (545,676) 0 1,117 0 0 (10,083,258) 973,682 Other liabilities (207) 0 0 0 0 0 0 0 0 (207) 0 Three Months Ended June 30, 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 $ (2,567) $ 0 $ 0 $ (4,746) $ 924 $ (1,404) $ 0 $ 0 $ (5,304) Other assets: Fixed maturities, trading 0 (50) 0 0 0 0 (42) 0 0 Equity securities 0 (320) 0 0 0 0 (320) 0 0 Other invested assets 761 0 0 0 0 761 0 0 0 Short-term investments 308 0 0 0 12 308 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Other assets 14,418 0 0 0 0 1,575 0 0 0 Receivables from parent and affiliates 0 0 0 0 0 0 0 0 0 Reinsurance recoverables (20,186) 0 0 0 0 (43,624) 0 0 0 Separate account assets 0 0 102 0 0 0 0 102 0 Liabilities: Policyholders' account balances 213,839 0 0 0 0 973,682 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Six Months Ended June 30, 2024(6) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other Transfers into Level 3(7) Transfers out of Level 3(7) Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in thousands) Fixed maturities, available-for-sale: Foreign government $ 682 $ (18) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 664 $ (24) Corporate securities(3) 1,014,343 (16,918) 328,790 (130,702) 0 (125,800) (65,480) 942 0 1,005,175 (16,678) Structured securities(4) 177,237 (393) 521,528 0 0 (53,195) 65,480 34,578 (77,200) 668,035 101 Other assets: Fixed maturities, trading 34,048 (898) 225,127 0 0 (2,261) 0 0 (15,196) 240,820 (890) Equity securities 28,709 (652) 273 0 0 0 0 0 0 28,330 (652) Other invested assets 1 762 0 0 0 0 0 0 0 763 762 Short-term investments 1,759 4 2,306 (8) 0 (1,387) 0 0 0 2,674 (8) Cash equivalents 0 0 605 0 0 0 0 0 0 605 0 Other assets 224,019 51,425 114,032 0 0 (26,036) 0 0 0 363,440 25,388 Receivables from parent and affiliates 0 0 232,518 (51,199) 0 0 0 0 0 181,319 0 Reinsurance recoverables 69,745 (25,707) 83,251 0 0 0 0 0 0 127,289 (78,715) Separate account assets 5,985 301 4,438 (1,258) 0 (125) 0 458 0 9,799 302 Liabilities: Policyholders' account balances(5) (7,689,929) (1,289,185) 0 0 (1,106,074) 0 1,930 0 0 (10,083,258) 831,176 Other liabilities 0 (207) 0 0 0 0 0 0 0 (207) (207) Don't delete hidden table Six Months Ended June 30, 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 $ (4,263) $ 0 $ 0 $ (14,588) $ 1,522 $ (776) $ 0 $ 0 $ (15,825) Other assets: Fixed maturities, trading 0 (898) 0 0 0 0 (890) 0 0 Equity securities 0 (652) 0 0 0 0 (652) 0 0 Other invested assets 762 0 0 0 0 762 0 0 0 Short-term investments (8) 0 0 0 12 (8) 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Other assets 51,425 0 0 0 0 25,388 0 0 0 Receivables from parent and affiliates 0 0 0 0 0 0 0 0 0 Reinsurance recoverables (25,707) 0 0 0 0 (78,715) 0 0 0 Separate account assets 0 0 301 0 0 0 0 302 0 Liabilities: Policyholders' account balances (1,289,185) 0 0 0 0 831,176 0 0 0 Other liabilities (207) 0 0 0 0 (207) 0 0 0 Don't delete hidden table Three Months Ended June 30, 2023(6) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3(7) Transfers out of Level 3(7) Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in thousands) Fixed maturities, available-for-sale: Foreign government $ 714 $ (13) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 701 $ (16) Corporate securities(3) 535,893 1,876 216,778 (9,241) 0 (25,418) 1,359 0 0 721,247 1,773 Structured securities(4) 228,869 436 1,291 0 0 (725) 0 0 (83,532) 146,339 484 Other assets: Fixed maturities, trading 6,250 0 0 0 0 0 0 0 (6,250) 0 0 Equity securities 43,174 19 0 0 0 0 181 0 0 43,374 19 Short-term investments 14,416 717 1,146 0 0 (13,711) (1,359) 0 0 1,209 0 Other assets 155,763 26,381 38,983 0 0 (3,514) 0 0 0 217,613 19,779 Receivables from parent and affiliates 0 0 0 0 0 0 0 0 0 0 0 Reinsurance recoverables 1,357 108 0 0 0 0 0 0 0 1,465 108 Separate account assets 4,553 159 840 (420) 0 (150) 0 0 0 4,982 159 Liabilities: Policyholders' account balances(5) (4,129,043) (1,017,564) 0 0 (439,615) 0 72,773 0 0 (5,513,449) (150,676) Three Months Ended June 30, 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 $ (1,138) $ 0 $ 0 $ 3,476 $ (39) $ (1,118) $ 0 $ 0 $ 3,359 Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 0 0 Equity securities 0 19 0 0 0 0 19 0 0 Short-term investments 423 0 0 (124) 418 0 0 0 0 Other assets 26,381 0 0 0 0 19,779 0 0 0 Receivables from parent and affiliates 0 0 0 0 0 0 0 0 0 Reinsurance recoverables 108 0 0 0 0 108 0 0 0 Separate account assets 0 0 159 0 0 0 0 159 0 Liabilities: Policyholders' account balances (1,017,564) 0 0 0 0 (150,676) 0 0 0 Six Months Ended June 30, 2023(6) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3(7) Transfers out of Level 3(7) Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in thousands) Fixed maturities, available-for-sale: Foreign government $ 724 $ (23) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 701 $ (28) Corporate securities(3) 507,496 7,199 310,874 (28,839) 0 (76,842) 1,359 0 0 721,247 6,413 Structured securities(4) 104,724 (3,199) 147,307 (27) 0 (1,338) 0 2,240 (103,368) 146,339 (3,129) Other assets: Fixed maturities, trading 0 0 6,250 0 0 0 0 0 (6,250) 0 0 Equity securities 28,593 (811) 0 0 0 0 15,592 0 0 43,374 (811) Short-term investments 16,945 2,573 2,688 0 0 (19,638) (1,359) 0 0 1,209 51 Other assets 141,041 8,020 73,603 0 0 (5,051) 0 0 0 217,613 2,969 Receivables from parent and affiliates 0 0 0 0 0 0 0 0 0 0 0 Reinsurance recoverables 0 1,465 0 0 0 0 0 0 0 1,465 1,465 Separate account assets 4,645 257 840 (600) 0 (160) 0 0 0 4,982 255 Liabilities: Policyholders' account balances(5) (3,502,096) (1,247,483) 0 0 (838,238) 0 74,368 0 0 (5,513,449) (234,970) Six Months Ended June 30, 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 $ (813) $ 0 $ 0 $ 4,440 $ 350 $ (2,019) $ 0 $ 0 $ 5,275 Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 0 0 Equity securities 0 (811) 0 0 0 0 (811) 0 0 Short-term investments 1,857 0 0 (73) 789 0 0 0 51 Other assets 8,020 0 0 0 0 2,969 0 0 0 Receivables from parent and affiliates 0 0 0 0 0 0 0 0 0 Reinsurance recoverables 1,465 0 0 0 0 1,465 0 0 0 Separate account assets 0 0 257 0 0 0 0 255 0 Liabilities: Policyholders' account balances (1,247,483) 0 0 0 0 (234,970) 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 $2,550 million and $2,340 million and MRB liabilities of $4,371 million and $5,090 million for the periods ended June 30, 2024 and 2023, respectively. See Note 10 for additional information. (7) Transfers into or out of Level 3 are generally reported at the value as of the beginning of the quarter in which the transfers occur for any such positions still held at the end of the quarter.
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 June 30, 2024(6) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3(7) Transfers out of Level 3(7) Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in thousands) Fixed maturities, available-for-sale: Foreign government $ 671 $ (7) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 664 $ (11) Corporate securities(3) 1,009,650 (6,128) 203,749 (65,650) 0 (71,908) (65,480) 942 0 1,005,175 (7,077) Structured securities(4) 694,121 (254) 37,188 0 0 (51,300) 65,480 0 (77,200) 668,035 380 Other assets: Fixed maturities, trading 146,543 (50) 111,784 0 0 (2,261) 0 0 (15,196) 240,820 (42) Equity securities 28,650 (320) 0 0 0 0 0 0 0 28,330 (320) Other invested assets 1 761 1 0 0 0 0 0 0 763 761 Short-term investments 3,351 320 304 (8) 0 (1,293) 0 0 0 2,674 308 Cash equivalents 0 0 605 0 0 0 0 0 0 605 0 Other assets 303,538 14,418 58,326 0 0 (12,842) 0 0 0 363,440 1,575 Receivables from parent and affiliates 121,378 0 111,140 (51,199) 0 0 0 0 0 181,319 0 Reinsurance recoverables(5) 96,442 (20,186) 51,033 0 0 0 0 0 0 127,289 (43,624) Separate account assets 7,894 102 1,805 (2) 0 0 0 0 0 9,799 102 Liabilities: Policyholders' account balances(5) (9,752,538) 213,839 0 0 (545,676) 0 1,117 0 0 (10,083,258) 973,682 Other liabilities (207) 0 0 0 0 0 0 0 0 (207) 0 Three Months Ended June 30, 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 $ (2,567) $ 0 $ 0 $ (4,746) $ 924 $ (1,404) $ 0 $ 0 $ (5,304) Other assets: Fixed maturities, trading 0 (50) 0 0 0 0 (42) 0 0 Equity securities 0 (320) 0 0 0 0 (320) 0 0 Other invested assets 761 0 0 0 0 761 0 0 0 Short-term investments 308 0 0 0 12 308 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Other assets 14,418 0 0 0 0 1,575 0 0 0 Receivables from parent and affiliates 0 0 0 0 0 0 0 0 0 Reinsurance recoverables (20,186) 0 0 0 0 (43,624) 0 0 0 Separate account assets 0 0 102 0 0 0 0 102 0 Liabilities: Policyholders' account balances 213,839 0 0 0 0 973,682 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Six Months Ended June 30, 2024(6) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other Transfers into Level 3(7) Transfers out of Level 3(7) Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in thousands) Fixed maturities, available-for-sale: Foreign government $ 682 $ (18) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 664 $ (24) Corporate securities(3) 1,014,343 (16,918) 328,790 (130,702) 0 (125,800) (65,480) 942 0 1,005,175 (16,678) Structured securities(4) 177,237 (393) 521,528 0 0 (53,195) 65,480 34,578 (77,200) 668,035 101 Other assets: Fixed maturities, trading 34,048 (898) 225,127 0 0 (2,261) 0 0 (15,196) 240,820 (890) Equity securities 28,709 (652) 273 0 0 0 0 0 0 28,330 (652) Other invested assets 1 762 0 0 0 0 0 0 0 763 762 Short-term investments 1,759 4 2,306 (8) 0 (1,387) 0 0 0 2,674 (8) Cash equivalents 0 0 605 0 0 0 0 0 0 605 0 Other assets 224,019 51,425 114,032 0 0 (26,036) 0 0 0 363,440 25,388 Receivables from parent and affiliates 0 0 232,518 (51,199) 0 0 0 0 0 181,319 0 Reinsurance recoverables 69,745 (25,707) 83,251 0 0 0 0 0 0 127,289 (78,715) Separate account assets 5,985 301 4,438 (1,258) 0 (125) 0 458 0 9,799 302 Liabilities: Policyholders' account balances(5) (7,689,929) (1,289,185) 0 0 (1,106,074) 0 1,930 0 0 (10,083,258) 831,176 Other liabilities 0 (207) 0 0 0 0 0 0 0 (207) (207) Don't delete hidden table Six Months Ended June 30, 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 $ (4,263) $ 0 $ 0 $ (14,588) $ 1,522 $ (776) $ 0 $ 0 $ (15,825) Other assets: Fixed maturities, trading 0 (898) 0 0 0 0 (890) 0 0 Equity securities 0 (652) 0 0 0 0 (652) 0 0 Other invested assets 762 0 0 0 0 762 0 0 0 Short-term investments (8) 0 0 0 12 (8) 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Other assets 51,425 0 0 0 0 25,388 0 0 0 Receivables from parent and affiliates 0 0 0 0 0 0 0 0 0 Reinsurance recoverables (25,707) 0 0 0 0 (78,715) 0 0 0 Separate account assets 0 0 301 0 0 0 0 302 0 Liabilities: Policyholders' account balances (1,289,185) 0 0 0 0 831,176 0 0 0 Other liabilities (207) 0 0 0 0 (207) 0 0 0 Don't delete hidden table Three Months Ended June 30, 2023(6) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3(7) Transfers out of Level 3(7) Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in thousands) Fixed maturities, available-for-sale: Foreign government $ 714 $ (13) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 701 $ (16) Corporate securities(3) 535,893 1,876 216,778 (9,241) 0 (25,418) 1,359 0 0 721,247 1,773 Structured securities(4) 228,869 436 1,291 0 0 (725) 0 0 (83,532) 146,339 484 Other assets: Fixed maturities, trading 6,250 0 0 0 0 0 0 0 (6,250) 0 0 Equity securities 43,174 19 0 0 0 0 181 0 0 43,374 19 Short-term investments 14,416 717 1,146 0 0 (13,711) (1,359) 0 0 1,209 0 Other assets 155,763 26,381 38,983 0 0 (3,514) 0 0 0 217,613 19,779 Receivables from parent and affiliates 0 0 0 0 0 0 0 0 0 0 0 Reinsurance recoverables 1,357 108 0 0 0 0 0 0 0 1,465 108 Separate account assets 4,553 159 840 (420) 0 (150) 0 0 0 4,982 159 Liabilities: Policyholders' account balances(5) (4,129,043) (1,017,564) 0 0 (439,615) 0 72,773 0 0 (5,513,449) (150,676) Three Months Ended June 30, 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 $ (1,138) $ 0 $ 0 $ 3,476 $ (39) $ (1,118) $ 0 $ 0 $ 3,359 Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 0 0 Equity securities 0 19 0 0 0 0 19 0 0 Short-term investments 423 0 0 (124) 418 0 0 0 0 Other assets 26,381 0 0 0 0 19,779 0 0 0 Receivables from parent and affiliates 0 0 0 0 0 0 0 0 0 Reinsurance recoverables 108 0 0 0 0 108 0 0 0 Separate account assets 0 0 159 0 0 0 0 159 0 Liabilities: Policyholders' account balances (1,017,564) 0 0 0 0 (150,676) 0 0 0 Six Months Ended June 30, 2023(6) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Level 3(7) Transfers out of Level 3(7) Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in thousands) Fixed maturities, available-for-sale: Foreign government $ 724 $ (23) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 701 $ (28) Corporate securities(3) 507,496 7,199 310,874 (28,839) 0 (76,842) 1,359 0 0 721,247 6,413 Structured securities(4) 104,724 (3,199) 147,307 (27) 0 (1,338) 0 2,240 (103,368) 146,339 (3,129) Other assets: Fixed maturities, trading 0 0 6,250 0 0 0 0 0 (6,250) 0 0 Equity securities 28,593 (811) 0 0 0 0 15,592 0 0 43,374 (811) Short-term investments 16,945 2,573 2,688 0 0 (19,638) (1,359) 0 0 1,209 51 Other assets 141,041 8,020 73,603 0 0 (5,051) 0 0 0 217,613 2,969 Receivables from parent and affiliates 0 0 0 0 0 0 0 0 0 0 0 Reinsurance recoverables 0 1,465 0 0 0 0 0 0 0 1,465 1,465 Separate account assets 4,645 257 840 (600) 0 (160) 0 0 0 4,982 255 Liabilities: Policyholders' account balances(5) (3,502,096) (1,247,483) 0 0 (838,238) 0 74,368 0 0 (5,513,449) (234,970) Six Months Ended June 30, 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 $ (813) $ 0 $ 0 $ 4,440 $ 350 $ (2,019) $ 0 $ 0 $ 5,275 Other assets: Fixed maturities, trading 0 0 0 0 0 0 0 0 0 Equity securities 0 (811) 0 0 0 0 (811) 0 0 Short-term investments 1,857 0 0 (73) 789 0 0 0 51 Other assets 8,020 0 0 0 0 2,969 0 0 0 Receivables from parent and affiliates 0 0 0 0 0 0 0 0 0 Reinsurance recoverables 1,465 0 0 0 0 1,465 0 0 0 Separate account assets 0 0 257 0 0 0 0 255 0 Liabilities: Policyholders' account balances (1,247,483) 0 0 0 0 (234,970) 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 $2,550 million and $2,340 million and MRB liabilities of $4,371 million and $5,090 million for the periods ended June 30, 2024 and 2023, respectively. See Note 10 for additional information. (7) Transfers into or out of Level 3 are generally reported at the value as of the beginning of the quarter in which the transfers occur for any such positions still held at the end of the quarter.
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. June 30, 2024 Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in thousands) Assets: Commercial mortgage and other loans $ 0 $ 0 $ 6,465,057 $ 6,465,057 $ 6,718,386 Policy loans 0 0 1,511,288 1,511,288 1,511,288 Short-term investments 58,102 0 0 58,102 58,102 Cash and cash equivalents 892,653 325,000 0 1,217,653 1,217,653 Accrued investment income 0 426,302 0 426,302 426,302 Reinsurance recoverables 0 0 21,733 21,733 23,508 Receivables from parent and affiliates 0 85,725 0 85,725 85,725 Other assets 0 89,182 1,910,626 1,999,808 1,999,808 Total assets $ 950,755 $ 926,209 $ 9,908,704 $ 11,785,668 $ 12,040,772 Liabilities: Policyholders’ account balances - investment contracts $ 0 $ 872,062 $ 7,849,872 $ 8,721,934 $ 8,739,221 Cash collateral for loaned securities 0 19,397 0 19,397 19,397 Payables to parent and affiliates 0 26,493 0 26,493 26,493 Other liabilities 0 2,582,917 31,606 2,614,523 2,614,523 Total liabilities $ 0 $ 3,500,869 $ 7,881,478 $ 11,382,347 $ 11,399,634 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)	6 Months Ended
	Jun. 30, 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: Six Months Ended June 30, 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 120,883 175,313 90,283 311,263 697,742 Amortization expense (18,538) (170,567) (36,597) (68,114) (293,816) Other(1) 0 0 (97) (18,507) (18,604) Balance, end of period $ 300,282 $ 3,262,507 $ 797,477 $ 3,122,567 $ 7,482,833 (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. Six Months Ended June 30, 2023 Fixed Annuities Variable Annuities Term Life Variable / Universal Life Total (in thousands) Balance, beginning of period $ 102,251 $ 3,736,454 $ 648,837 $ 2,442,883 $ 6,930,425 Capitalization 48,552 117,342 72,216 275,783 513,893 Amortization expense (9,490) (166,332) (31,084) (59,736) (266,642) Other(1) 0 (393,385) 0 0 (393,385) Balance, end of period $ 141,313 $ 3,294,079 $ 689,969 $ 2,658,930 $ 6,784,291 (1) Other includes the impact of the reinsurance agreement with AuguStar. See Note 11 for additional information.
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: Six Months Ended June 30, 2024 Variable Annuities Term Life Total (in thousands) Balance, beginning of period $ 194,110 $ 61,003 $ 255,113 Amortization expense (14,824) (3,870) (18,694) Other 1 0 1 Balance, end of period $ 179,287 $ 57,133 $ 236,420 Six Months Ended June 30, 2023 Variable Annuities Term Life Total (in thousands) Balance, beginning of period $ 223,515 $ 69,378 $ 292,893 Amortization expense (15,113) (4,280) (19,393) Balance, end of period $ 208,402 $ 65,098 $ 273,500
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: Six Months Ended June 30, 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 (5,444) (10,119) (58,690) (74,253) Other(1) (8) (40) 1,092,199 1,092,151 Balance, end of period $ 42,621 $ 251,562 $ 2,397,005 $ 2,691,188 (1) Other includes the impact of the Universal Life reinsurance transaction with PAR U, PURE and Prudential Insurance, including $1,207 million of DRG, partially offset by a $116 million write-off. See Note 11 for additional information. Six Months Ended June 30, 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 (4,406) (5,209) (36,032) (45,647) Other(1) 0 277,262 0 277,262 Balance, end of period $ 53,492 $ 272,053 $ 1,398,926 $ 1,724,471 (1) Other includes the impact of the reinsurance agreement with AuguStar. See Note 11 for additional information.
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: Six Months Ended June 30, 2024 2023 (in thousands) Balance, beginning of period $ 351,424 $ 381,504 Capitalization 1,214 1,503 Amortization expense (15,436) (16,088) Other 0 (3) Balance, end of period $ 337,202 $ 366,916

Separate Accounts (Tables)

Separate Accounts (Tables)	6 Months Ended
	Jun. 30, 2024
Insurance [Abstract]
Separate Account Assets	The aggregate fair value of assets, by major investment asset category, supporting separate accounts is as follows: June 30, 2024 December 31, 2023 (in thousands) Asset Type: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 4,925 $ 2,954 Obligations of U.S. states and their political subdivisions authorities 65 0 U.S. corporate securities 11,788 9,504 Foreign corporate securities 2,237 1,763 Asset-backed securities 1,016 0 Mortgage-backed securities 175 186 Mutual funds: Equity 75,066,834 72,614,821 Fixed Income 34,707,360 37,065,162 Other 4,324,051 4,101,661 Equity securities 99,581 104,159 Other invested assets 5,740,307 5,258,900 Short-term investments 574 2,126 Cash and cash equivalents 21,993 27,249 Total $ 119,980,906 $ 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: Six Months Ended June 30, 2024 Variable Annuities Variable Life Total (in thousands) Balance, beginning of period $ 92,383,121 $ 26,805,364 $ 119,188,485 Deposits 291,602 1,506,531 1,798,133 Investment performance 5,034,082 2,795,950 7,830,032 Policy charges (1,112,504) (447,119) (1,559,623) Surrenders and withdrawals (6,694,864) (235,991) (6,930,855) Benefit payments (33,831) (131,243) (165,074) Net transfers (to) from general account (41,403) (169,366) (210,769) Other 2,825 27,752 30,577 Balance, end of period $ 89,829,028 $ 30,151,878 $ 119,980,906 Cash surrender value(2) $ 88,793,191 $ 26,797,766 $ 115,590,957 Six Months Ended June 30, 2023 Variable Annuities Variable Life Total (in thousands) Balance, beginning of period $ 91,785,448 $ 22,265,798 $ 114,051,246 Deposits 200,961 1,376,552 1,577,513 Investment performance 7,184,460 2,535,342 9,719,802 Policy charges (1,171,455) (405,108) (1,576,563) Surrenders and withdrawals (4,561,633) (214,686) (4,776,319) Benefit payments (43,056) (107,641) (150,697) Net transfers (to) from general account(1) (4,995) (1,035,554) (1,040,549) Other 5,405 30,317 35,722 Balance, end of period $ 93,395,135 $ 24,445,020 $ 117,840,155 Cash surrender value(2) $ 92,036,034 $ 21,526,262 $ 113,562,296 (1) Variable life includes $900 million of funding for a policy loan to an affiliated irrevocable trust. See Note 14 for additional information. (2) 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)	6 Months Ended
	Jun. 30, 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. Six Months Ended June 30, 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 assumption update 21,466 0 21,466 Effect of actual variances from expected experience and other activity (127,507) (380) (127,887) Adjusted balance, beginning of period 11,047,503 (380) 11,047,123 Issuances 403,742 18,328 422,070 Net premiums / considerations collected (661,611) (17,948) (679,559) Interest accrual 254,945 0 254,945 Other adjustments (78) 0 (78) Balance at original discount rate, end of period 11,044,501 0 11,044,501 Effect of cumulative changes in discount rate assumptions, end of period (577,768) 0 (577,768) Balance, end of period $ 10,466,733 $ 0 $ 10,466,733 Six Months Ended June 30, 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 assumption update 21,480 (3,643) 17,837 Effect of actual variances from expected experience and other activity (153,025) (130) (153,155) Adjusted balance, beginning of period 18,626,233 244,536 18,870,769 Issuances 403,742 18,328 422,070 Interest accrual 444,536 4,453 448,989 Benefit payments (721,798) (15,519) (737,317) Other adjustments 1,103 (150) 953 Balance at original discount rate, end of period 18,753,816 251,648 19,005,464 Effect of cumulative changes in discount rate assumptions, end of period (1,064,363) (24,870) (1,089,233) Balance, end of period $ 17,689,453 $ 226,778 $ 17,916,231 Other, end of period 1,633 Total balance, end of period $ 17,917,864 Six Months Ended June 30, 2024 Net Liability for Future Policy Benefits (Benefit Reserves) Term Life Fixed Annuities Total (in thousands) Balance, end of period, pre-flooring $ 7,222,720 $ 226,778 $ 7,449,498 Flooring impact, end of period 44 0 44 Balance, end of period, post-flooring 7,222,764 226,778 7,449,542 Less: Reinsurance recoverables 6,518,048 18,453 6,536,501 Balance after reinsurance recoverables, end of period, post-flooring $ 704,716 $ 208,325 $ 913,041 Six Months Ended June 30, 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 assumption update (790) 0 (790) Effect of actual variances from expected experience and other activity (65,230) (1,257) (66,487) Adjusted balance, beginning of period 11,400,670 (1,257) 11,399,413 Issuances 318,867 23,211 342,078 Net premiums / considerations collected (674,147) (21,954) (696,101) Interest accrual 261,862 0 261,862 Balance at original discount rate, end of period 11,307,252 0 11,307,252 Effect of cumulative changes in discount rate assumptions, end of period (484,287) 0 (484,287) Balance, end of period $ 10,822,965 $ 0 $ 10,822,965 Six Months Ended June 30, 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 assumption update (1,044) 0 (1,044) Effect of actual variances from expected experience and other activity (87,110) 4,195 (82,915) Adjusted balance, beginning of period 18,709,131 233,798 18,942,929 Issuances 318,867 23,211 342,078 Interest accrual 447,387 4,201 451,588 Benefit payments (716,919) (14,838) (731,757) Other adjustments 1,558 (33) 1,525 Balance at original discount rate, end of period 18,760,024 246,339 19,006,363 Effect of cumulative changes in discount rate assumptions, end of period (791,413) (26,245) (817,658) Balance, end of period $ 17,968,611 $ 220,094 $ 18,188,705 Other, end of period 1,941 Total balance, end of period $ 18,190,646 Six Months Ended June 30, 2023 Net Liability for Future Policy Benefits (Benefit Reserves) Term Life Fixed Annuities Total (in thousands) Balance, end of period, pre-flooring $ 7,145,646 $ 220,094 $ 7,365,740 Flooring impact, end of period 0 0 0 Balance, end of period, post-flooring $ 7,145,646 $ 220,094 $ 7,365,740 Less: Reinsurance recoverables 6,614,071 17,835 6,631,906 Balance after reinsurance recoverables, end of period, post-flooring $ 531,575 $ 202,259 $ 733,834 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: Six Months Ended June 30, 2024 Term Life Fixed Annuities ($ in thousands) Undiscounted expected future gross premiums $ 21,795,982 $ 0 Discounted expected future gross premiums (at original discount rate) $ 14,920,888 $ 0 Discounted expected future gross premiums (at current discount rate) $ 14,173,894 $ 0 Undiscounted expected future benefits and expenses $ 29,155,998 $ 337,236 Interest accrual $ 189,591 $ 4,453 Gross premiums $ 901,158 $ 21,461 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) 9 6 Weighted-average interest rate (at original discount rate) 5.15 % 3.83 % Weighted-average interest rate (at current discount rate) 5.53 % 5.47 % Six Months Ended June 30, 2023 Term Life Fixed Annuities ($ in thousands) Undiscounted expected future gross premiums $ 21,948,491 $ 0 Discounted expected future gross premiums (at original discount rate) $ 15,125,847 $ 0 Discounted expected future gross premiums (at current discount rate) $ 14,493,623 $ 0 Undiscounted expected future benefits and expenses $ 29,156,389 $ 328,414 Interest accrual $ 185,524 $ 4,201 Gross premiums $ 900,634 $ 24,200 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) 5.20 % 3.57 % Weighted-average interest rate (at current discount rate) 5.28 % 5.27 % The balances of and changes in DPL as of and for the periods indicated are as follows: Six Months Ended June 30, 2024 2023 Fixed Annuities (in thousands) Balance, beginning of period, post-flooring $ 14,818 $ 18,193 Effect of assumption update 2,110 0 Effect of actual variances from expected experience and other activity 412 (5,092) Adjusted balance, beginning of period 17,340 13,101 Profits deferred 3,389 2,088 Interest accrual 319 294 Amortization (1,025) (973) Other adjustments (16) (8) Balance, end of period, post-flooring 20,007 14,502 Less: Reinsurance recoverables 1,439 1,558 Balance after reinsurance recoverables, end of period $ 18,568 $ 12,944 The following table shows a rollforward of AIR balances for variable and universal life products for the periods indicated: Six Months Ended June 30, 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 assumption update 154,058 22,910 Effect of actual variances from expected experience and other activity 161,320 26,204 Adjusted balance, beginning of period 15,427,754 13,982,796 Assessments collected(1) 586,734 513,593 Interest accrual 261,019 237,869 Benefits paid (158,757) (151,097) Balance, excluding amounts in AOCI, end of period, pre-flooring 16,116,750 14,583,161 Flooring impact and amounts in AOCI (1,642,621) (1,094,298) Balance, including amounts in AOCI, end of period, post-flooring 14,474,129 13,488,863 Less: Reinsurance recoverables 14,286,902 13,268,534 Balance after reinsurance recoverables, including amounts in AOCI, end of period $ 187,227 $ 220,329 (1) Represents the portion of gross assessments required to fund the future policy benefits. Six Months Ended June 30, 2024 2023 ($ in thousands) Interest accrual $ 261,019 $ 237,869 Gross assessments $ 903,426 $ 785,370 Weighted-average duration of the liability in years (at original discount rate) 22 22 Weighted-average interest rate (at original discount rate) 3.40 % 3.39 % 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: Six Months Ended June 30, 2024 2023 (in thousands) Benefit reserves, end of period, post-flooring $ 7,449,542 $ 7,365,740 Deferred profit liability, end of period, post-flooring 20,007 14,502 Additional insurance reserves, including amounts in AOCI, end of period, post-flooring 14,474,129 13,488,863 Subtotal of amounts disclosed above 21,943,678 20,869,105 Other Future policy benefits reserves(1) 1,086,901 1,108,889 Total Future policy benefits $ 23,030,579 $ 21,977,994 (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: Six Months Ended June 30, 2024 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 901,158 $ 0 $ 21,461 $ 922,619 Deferred profit liability 0 0 (5,187) (5,187) Additional insurance reserves 0 903,426 0 903,426 Total $ 901,158 $ 903,426 $ 16,274 $ 1,820,858 Six Months Ended June 30, 2023 Revenues(1) Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 900,634 $ 0 $ 24,200 $ 924,834 Deferred profit liability 0 0 3,691 3,691 Additional insurance reserves 0 785,370 0 785,370 Total $ 900,634 $ 785,370 $ 27,891 $ 1,713,895 (1) Represents "Gross premiums" for benefit reserves; "Revenue" for DPL and "Gross assessments" for AIR. Six Months Ended June 30, 2024 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 189,591 $ 0 $ 4,453 $ 194,044 Deferred profit liability 0 0 319 319 Additional insurance reserves 0 261,019 0 261,019 Total $ 189,591 $ 261,019 $ 4,772 $ 455,382 Six Months Ended June 30, 2023 Interest Expense Term Life Variable/ Universal Life Fixed Annuities Total (in thousands) Benefit reserves $ 185,524 $ 0 $ 4,201 $ 189,725 Deferred profit liability 0 0 294 294 Additional insurance reserves 0 237,869 0 237,869 Total $ 185,524 $ 237,869 $ 4,495 $ 427,888

Policyholders' Liabilities (Tab

Policyholders' Liabilities (Tables)	6 Months Ended
	Jun. 30, 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: Six Months Ended June 30, 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 2,787,898 3,752,999 1,062,220 7,603,117 Interest credited 90,612 207,176 279,382 577,170 Policy charges (87) (12,007) (910,191) (922,285) Surrenders and withdrawals (251,521) (370,351) (376,600) (998,472) Benefit payments (24,948) (12,688) (33,912) (71,548) Net transfers (to) from separate account 0 41,403 169,366 210,769 Change in market value and other adjustments(1) 124,805 1,092,901 65,431 1,283,137 Balance, end of period 8,891,072 27,536,198 20,423,409 56,850,679 Unearned revenue reserve 4,082,015 Other 104,172 Total Policyholders' account balance $ 61,036,866 Weighted-average crediting rate 2.41 % 1.65 % 2.75 % 2.18 % Net amount at risk(2) $ 20 $ 0 $ 332,247,799 $ 332,247,819 Cash surrender value(3) $ 7,711,710 $ 25,912,600 $ 19,133,660 $ 52,757,970 Six Months Ended June 30, 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 1,180,342 2,225,558 1,030,843 4,436,743 Interest credited 44,970 131,119 278,886 454,975 Policy charges (3,078) (10,684) (903,228) (916,990) Surrenders and withdrawals (101,470) (233,470) (400,194) (735,134) Benefit payments (25,668) (15,067) (42,131) (82,866) Net transfers (to) from separate account 0 4,995 1,035,554 1,040,549 Change in market value and other adjustments(1) 69,817 954,563 139,608 1,163,988 Balance, end of period 4,740,737 19,489,046 19,875,703 44,105,486 Unearned revenue reserve 3,401,994 Other(4) 100,675 Total Policyholders' account balance $ 47,608,155 Weighted-average crediting rate 2.15 % 1.46 % 2.89 % 2.20 % Net amount at risk(2) $ 38 $ 0 $ 313,218,977 $ 313,219,015 Cash surrender value(3) $ 3,975,581 $ 17,391,104 $ 18,341,323 $ 39,708,008 (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: June 30, 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% $ 412 $ 3,827 $ 9,924 $ 707,366 $ 721,529 1.00% - 1.99% 448,198 69,557 200,379 78,195 796,329 2.00% - 2.99% 303,024 461,269 562,666 16,064 1,343,023 3.00% - 4.00% 825,027 5,007 7,862 2,261 840,157 Greater than 4.00% 0 0 0 0 0 Total $ 1,576,661 $ 539,660 $ 780,831 $ 803,886 $ 3,701,038 Variable Annuities Less than 1.00% $ 618,306 $ 651,182 $ 253,768 $ 178 $ 1,523,434 1.00% - 1.99% 184,745 118,146 2,380 0 305,271 2.00% - 2.99% 19,218 4,138 4,185 0 27,541 3.00% - 4.00% 856,020 5,501 2 0 861,523 Greater than 4.00% 2,059 0 0 0 2,059 Total $ 1,680,348 $ 778,967 $ 260,335 $ 178 $ 2,719,828 Variable Life / Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 171,754 $ 171,754 1.00% - 1.99% 246,886 0 1,678,254 1,580,722 3,505,862 2.00% - 2.99% 28,501 1,479,940 2,693,293 371,908 4,573,642 3.00% - 4.00% 3,841,175 2,170,158 1,107,301 0 7,118,634 Greater than 4.00% 2,114,438 0 0 0 2,114,438 Total $ 6,231,000 $ 3,650,098 $ 5,478,848 $ 2,124,384 $ 17,484,330 June 30, 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 $ 94 $ 27 $ 180 $ 301 1.00% - 1.99% 504,431 75,476 242,780 83,650 906,337 2.00% - 2.99% 261,482 466,971 47,851 10,920 787,224 3.00% - 4.00% 32,738 0 0 0 32,738 Greater than 4.00% 0 0 0 0 0 Total $ 798,651 $ 542,541 $ 290,658 $ 94,750 $ 1,726,600 Variable Annuities Less than 1.00% $ 972,976 $ 833,696 $ 18,454 $ 2 $ 1,825,128 1.00% - 1.99% 229,049 2,126 1,094 0 232,269 2.00% - 2.99% 24,531 4,090 0 0 28,621 3.00% - 4.00% 990,408 2,859 0 0 993,267 Greater than 4.00% 2,091 0 0 0 2,091 Total $ 2,219,055 $ 842,771 $ 19,548 $ 2 $ 3,081,376 Variable Life / Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 9,078 $ 9,078 1.00% - 1.99% 163,616 0 2,706,552 363,119 3,233,287 2.00% - 2.99% 21,001 1,399,691 2,765,577 267,001 4,453,270 3.00% - 4.00% 4,555,992 1,985,262 1,110,457 0 7,651,711 Greater than 4.00% 2,159,217 0 0 0 2,159,217 Total $ 6,899,826 $ 3,384,953 $ 6,582,586 $ 639,198 $ 17,506,563 (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	: Six Months Ended June 30, 2024 2023 Variable Life / Universal Life (in thousands) Balance, beginning of period $ 3,741,426 $ 3,067,336 Unearned revenue 430,230 405,732 Amortization expense (89,640) (70,981) Other adjustments (1) (93) Balance, end of period $ 4,082,015 $ 3,401,994 Less: Reinsurance recoverables 1,794,071 1,621,229 Balance after reinsurance recoverables, end of period $ 2,287,944 $ 1,780,765

Market Risk Benefits (Tables)

Market Risk Benefits (Tables)	6 Months Ended
	Jun. 30, 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: Six Months Ended June 30, 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 556,055 (131,047) 425,008 Claims paid (31,466) 3,110 (28,356) Interest accrual 119,334 (28,372) 90,962 Actual in force different from expected (2,637) (10,203) (12,840) Effect of changes in interest rates (870,637) 126,966 (743,671) Effect of changes in equity markets (1,112,214) 115,601 (996,613) Effect of assumption update 85,619 3,984 89,603 Issuances 28,190 (1,654) 26,536 Other adjustments 14,784 398 15,182 Effect of changes in current period counterparty non-performance risk 0 (6,098) (6,098) Balance, end of period, before effect of changes in non-performance risk 3,550,013 (845,107) 2,704,906 Effect of cumulative changes in non-performance risk (884,110) 0 (884,110) Balance, end of period $ 2,665,903 $ (845,107) $ 1,820,796 Six Months Ended June 30, 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 587,663 (107,425) 480,238 Claims paid (43,782) 3,681 (40,101) Interest accrual 160,106 (20,505) 139,601 Actual in force different from expected 36,193 (6,069) 30,124 Effect of changes in interest rates (671,989) 169,229 (502,760) Effect of changes in equity markets (1,314,461) 127,157 (1,187,304) Effect of assumption update 330,769 (54,067) 276,702 Issuances 11,403 9,025 20,428 Other adjustments(1) (17,436) (638,198) (655,634) Effect of changes in current period counterparty non-performance risk 0 (7,445) (7,445) Balance, end of period, before effect of changes in non-performance risk 5,357,001 (946,878) 4,410,123 Effect of cumulative changes in non-performance risk (1,660,587) 0 (1,660,587) Balance, end of period $ 3,696,414 $ (946,878) $ 2,749,536 (1) Other adjustments for June 30, 2023 primarily includes $638 million related to the reinsurance transaction with AuguStar. See Note 11 for additional information. The following table presents accompanying information to the rollforward table above. June 30, 2024 June 30, 2023 Variable Annuities ($ in thousands) Net amount at risk(1) $ 8,732,024 $ 10,067,522 Weighted-average attained age of contractholders 71 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: June 30, 2024 June 30, 2023 Variable Annuities (in thousands) Direct and assumed $ 1,419,114 $ 1,165,762 Ceded 1,131,050 1,174,468 Total market risk benefit assets $ 2,550,164 $ 2,340,230 Direct and assumed $ 4,085,018 $ 4,862,177 Ceded 285,942 227,589 Total market risk benefit liabilities $ 4,370,960 $ 5,089,766 Net liability $ 1,820,796 $ 2,749,536

Reinsurance (Tables)

Reinsurance (Tables)	6 Months Ended
	Jun. 30, 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: June 30, 2024 December 31, 2023 (in thousands) Reinsurance recoverables $ 40,693,991 $ 38,709,651 Policy loans (1,098,752) (1,082,584) Deferred policy acquisition costs (3,154,068) (3,195,161) Deferred sales inducements (33,943) (35,313) Market risk benefit assets 1,131,482 1,165,378 Other assets 2,413,087 1,897,410 Policyholders’ account balances 5,746,173 5,977,108 Future policy benefits 7,197,282 7,026,209 Market risk benefit liabilities 287,741 249,538 Other liabilities 7,830,608 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: June 30, 2024 December 31, 2023 (in thousands) Deferred policy acquisition costs $ 65,299 $ 71,315 Market risk benefit assets 780,056 745,662 Other assets 2,313,943 1,795,422 Policyholders’ account balances 1,726,686 1,830,579 Future policy benefits 185 453 Market risk benefit liabilities 146,676 131,594 Other liabilities 2,352,382 1,915,205
Reinsurance Recoverable by Counterparty	Reinsurance recoverables by counterparty are as follows: June 30, 2024 December 31, 2023 (in thousands) PAR U $ 18,630,892 $ 15,722,061 PURC 0 7,565,968 PARCC 2,123,485 2,304,270 GUL Re 0 3,211,899 PAR Term 1,987,253 2,101,004 Prudential Insurance 4,164,836 1,311,525 Term Re 1,980,014 2,080,564 Lotus Re 2,077,391 2,051,831 DART 765,376 744,043 PURE 7,383,771 0 Unaffiliated 1,580,973 1,616,486 Total reinsurance recoverables $ 40,693,991 $ 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 and six months ended June 30, were as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 (in thousands) Premiums: Direct $ 462,458 $ 476,472 $ 922,086 $ 938,539 Assumed 30 34 63 (122) Ceded (367,567) (386,541) (735,046) (771,796) Net premiums 94,921 89,965 187,103 166,621 Policy charges and fee income: Direct 785,299 749,037 1,556,488 1,484,975 Assumed 239,838 148,479 498,608 301,079 Ceded (636,303) (533,980) 1,242,943 (1,036,027) Net policy charges and fee income 388,834 363,536 3,298,039 750,027 Net investment income: Direct 592,448 402,761 1,111,500 753,084 Assumed 333 343 663 686 Ceded (12,788) (10,029) (26,850) (11,245) Net investment income(1) 579,993 393,075 1,085,313 742,525 Asset administration fees: Direct 79,776 80,952 162,464 161,308 Assumed 0 0 0 0 Ceded (24,663) (24,164) (50,719) (40,318) Net asset administration fees 55,113 56,788 111,745 120,990 Other income (loss): Direct 84,931 79,657 129,747 305,391 Assumed 24 (56) 349 (349) Ceded 52,734 25,857 221,078 45,263 Net other income (loss)(1) 137,689 105,458 351,174 350,305 Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Realized investment gains (losses), net: Direct 765,146 (88,715) 777,502 (334,638) Assumed 72,351 82,278 63,184 220,944 Ceded 1,385 14,131 21,196 709 Realized investment gains (losses), net(1) 838,882 7,694 861,882 (112,985) Change in value of market risk benefits, net of related hedging gain (loss): Direct (298,559) 174,084 15,327 207,204 Assumed 1,072 2,774 606 (3,443) Ceded 15,304 (215,745) (206,525) (222,446) Net change in value of market risk benefits, net of related hedging gain (loss) (282,183) (38,887) (190,592) (18,685) Policyholders’ benefits (including change in reserves): Direct 909,374 848,495 1,910,820 1,727,280 Assumed 245,810 332,048 533,221 649,335 Ceded (1,019,305) (1,033,582) 1,798,246 (2,124,472) Net policyholders’ benefits (including change in reserves)(1) 135,879 146,961 4,242,287 252,143 Change in estimates of liability for future policy benefits: Direct 72,870 31,146 212,456 (17,355) Assumed 74,378 23,844 64,868 25,651 Ceded (153,422) (56,123) (295,503) (13,831) Net change in estimates of liability for future policy benefits (6,174) (1,133) (18,179) (5,535) Interest credited to policyholders’ account balances: Direct 297,194 215,973 575,584 438,548 Assumed 36,344 27,957 82,492 66,463 Ceded (107,314) (100,114) (207,302) (200,973) Net interest credited to policyholders’ account balances 226,224 143,816 450,774 304,038 Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization (116,030) (105,195) (506,173) (223,025) (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 June 30, Six Months Ended June 30, 2024 2023(1) 2024 2023 (in thousands) Premiums: Assumed $ 30 $ 34 $ 60 $ (132) Ceded (26,827) (16,802) (51,979) (33,377) Policy charges and fee income: Assumed 356 383 628 923 Ceded (44,958) (38,338) (86,970) (62,276) Net investment income(1): Ceded 0 1,993 0 12,913 Asset administration fees: Ceded (7,007) (7,740) (14,323) (7,740) Other income (loss)(1): Assumed 24 55 453 (238) Ceded 26,002 8,031 47,806 9,653 Realized investment gains (losses), net(1): Assumed 72,351 82,278 63,184 220,944 Ceded 21,774 13,952 46,999 (629) Change in value of market risk benefits, net of related hedging gain (loss): Assumed 1,072 2,774 606 (3,443) Ceded 34,461 (75,325) (63,547) (80,098) Policyholders’ benefits (including change in reserves)(1): Assumed 28 189 361 280 Ceded (64,243) (36,118) (211,071) (63,820) Change in estimates of liability for future policy benefits: Ceded 29 (416) 91,902 (416) Interest credited to policyholders’ account balances: Assumed 7,657 (2,370) 25,116 5,099 Ceded (1) (85) (1) (85) (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 June 30, 2024 and 2023 were as follows: 2024 2023 (in thousands) Direct gross life insurance face amount in force $ 1,147,562,454 $ 1,107,571,392 Assumed gross life insurance face amount in force 35,029,437 36,059,164 Reinsurance ceded (1,041,974,560) (1,015,213,859) Net life insurance face amount in force $ 140,617,331 $ 128,416,697

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	The balance of and changes in each component of AOCI as of and for the six months ended June 30, 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 (4,178) (448,732) 66,215 (183,925) (570,620) Amounts reclassified from AOCI 0 (20,268) 0 0 (20,268) Income tax benefit (expense) 275 98,567 (13,905) 38,624 123,561 Balance, June 30, 2024 $ (21,988) $ (1,298,211) $ 123,505 $ 698,447 $ (498,247) 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 3,266 116,395 (17,588) (67,323) 34,750 Amounts reclassified from AOCI 0 2,479 0 0 2,479 Income tax benefit (expense) (363) (24,884) 3,693 14,138 (7,416) Balance, June 30, 2023 $ (17,104) $ (1,380,485) $ 105,473 $ 1,311,864 $ 19,748 (1) Includes cash flow hedges of $75 million and $12 million as of June 30, 2024 and December 31, 2023, respectively, and $100 million and $139 million as of June 30, 2023 and December 31, 2022, respectively .
Reclassification out of Accumulated Other Comprehensive Income	Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended Six Months Ended 2024 2023 2024 2023 (in thousands) Amounts reclassified from AOCI(1)(2): Net unrealized investment gains (losses): Cash flow hedges - Currency/Interest rate(3) $ 12,832 $ 1,974 $ 35,736 $ 5,744 Net unrealized investment gains (losses) on available-for-sale securities (8,631) (2) (15,468) (8,223) Total net unrealized investment gains (losses)(4) 4,201 1,972 20,268 (2,479) Total reclassifications for the period $ 4,201 $ 1,972 $ 20,268 $ (2,479) (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 (1,461) (543,630) 0 0 114,566 (430,525) Reclassification adjustment for (gains) losses included in net income (9) (20,259) 0 0 4,260 (16,008) 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 (797,795) 894,154 (20,259) 76,100 Balance, June 30, 2024 $ 491 $ (1,968,043) $ (1,599,146) $ 1,923,252 $ 345,235 $ (1,298,211) (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)	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Affiliated Notes Receivable	Affiliated notes receivable included in “Receivables from parent and affiliates” at June 30, 2024 and December 31, 2023 is as follows: Maturity Dates Interest Rates June 30, 2024 December 31, 2023 (in thousands) U.S. dollar fixed rate notes 2025 - 2032 0.00% - 14.85 % $ 330,814 $ 147,984 Total notes receivable - affiliated(1) $ 330,814 $ 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: June 30, 2024 December 31, 2023 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Apartments/Multi-Family $ 1,776,234 26.3 % $ 1,578,785 25.7 % Hospitality 99,596 1.5 102,952 1.7 Industrial 2,701,470 40.0 2,486,230 40.4 Office 587,978 8.6 604,611 9.8 Other 666,349 9.9 456,720 7.4 Retail 349,157 5.2 363,706 5.9 Total commercial mortgage loans 6,180,784 91.5 5,593,004 90.9 Agricultural property loans 571,962 8.5 562,046 9.1 Total commercial mortgage and agricultural property loans 6,752,746 100.0 % 6,155,050 100.0 % Allowance for credit losses (41,572) (37,689) Total net commercial mortgage and agricultural property loans 6,711,174 6,117,361 Other loans: Other collateralized loans 7,212 5,360 Total other loans 7,212 5,360 Total net commercial mortgage and other loans $ 6,718,386 $ 6,122,721 The affiliated commercial mortgage loan included in "Commercial mortgage and other loans" at June 30, 2024 and December 31, 2023 were as follows: Maturity Date Interest Rate June 30, 2024 December 31, 2023 (in thousands) Affiliated Commercial Mortgage Loan 2025 9.83 % $ 70,445 $ 71,038
Affiliated Asset Transfers	The table below shows affiliated asset trades for the six months ended June 30, 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 PURC 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 Windhill CLO 1, Ltd. April 2024 Sale Fixed Maturities $ 2,261 $ 2,300 $ 0 $ (39) Windhill CLO 2, Ltd. May 2024 Sale Fixed Maturities $ 14,034 $ 14,415 $ 0 $ (381) Windhill CLO 1, Ltd. June 2024 Sale Fixed Maturities $ 2,045 $ 2,100 $ 0 $ (55) Windhill CLO 2, Ltd. June 2024 Sale Fixed Maturities $ 23,342 $ 23,743 $ 0 $ (401) PAR U June 2024 Transfer in Other Invested Assets $ 326 $ 326 $ 0 $ 0 PURE June 2024 Transfer out Other Invested Assets $ 326 $ 326 $ 0 $ 0 PAR U June 2024 Purchase Commercial Mortgage and Other Loans $ 12,555 $ 12,555 $ 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 June 30, 2024 and December 31, 2023. Affiliate Date Amount of Notes - June 30, 2024 Amount of Notes - December 31, 2023 Interest Rate Date of Maturity (in thousands) Prudential Insurance 8/13/2021 $ 0 $ 94,953 3.95 % 6/20/2024 Prudential Insurance 8/13/2021 0 37,981 3.95 % 6/20/2024 Prudential Insurance 8/13/2021 0 47,477 3.95 % 6/20/2024 Total Loans Payable to Affiliates(1) $ 0 $ 180,411 (1) Includes $180 million of loans reclassified as current portion of long-term debt as of December 31, 2023.

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Guarantees	Guarantees of Asset Values June 30, 2024 December 31, 2023 (in thousands) Guaranteed value of third-parties' assets $ 1,208,219 $ 311,302 Fair value of collateral supporting these assets $ 1,047,957 $ 287,621 Asset (liability) associated with guarantee, carried at fair value $ 762 $ 1

Business and Basis of Present_2

Business and Basis of Presentation (Narrative) (Details)	6 Months Ended
	Jun. 30, 2024 subsidiary
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number Of Subsidiaries	1

Investments (Fixed Maturities S

Investments (Fixed Maturities Securities Excluding Investments Classified as Trading) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 33,149,962		$ 27,538,066
Gross Unrealized Gains	165,456		335,759
Gross Unrealized Losses	2,201,307		1,740,037
Allowance for Credit Losses	3,348	$ 1,650	2,008	$ 4,923	$ 3,727	$ 4,769
Fair Value	31,110,763		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	1,198,985		1,009,937
Gross Unrealized Gains	13,506		38,858
Gross Unrealized Losses	91,356		73,508
Allowance for Credit Losses	0	0	0	0	0	0
Fair Value	1,121,135		975,287
Obligations of U.S. states and their political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	637,572		789,856
Gross Unrealized Gains	1,961		5,288
Gross Unrealized Losses	27,051		18,517
Allowance for Credit Losses	0		0
Fair Value	612,482		776,627
Foreign government bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	326,497		330,830
Gross Unrealized Gains	855		1,840
Gross Unrealized Losses	61,028		50,684
Allowance for Credit Losses	0	0	0	0	0	5
Fair Value	266,324		281,986
U.S. public corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	12,357,109		10,159,089
Gross Unrealized Gains	43,886		98,047
Gross Unrealized Losses	987,257		760,274
Allowance for Credit Losses	1,616		950
Fair Value	11,412,122		9,495,912
U.S. private corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	5,540,730		5,207,699
Gross Unrealized Gains	11,550		37,435
Gross Unrealized Losses	329,287		254,828
Allowance for Credit Losses	1,588		812
Fair Value	5,221,405		4,989,494
Foreign public corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,020,621		1,809,347
Gross Unrealized Gains	9,803		12,658
Gross Unrealized Losses	133,192		115,673
Allowance for Credit Losses	139		238
Fair Value	2,897,093		1,706,094
Foreign private corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	5,357,655		4,902,391
Gross Unrealized Gains	48,506		109,806
Gross Unrealized Losses	485,061		381,215
Allowance for Credit Losses	0		0
Fair Value	4,921,100		4,630,982
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,403,884		2,016,028
Gross Unrealized Gains	31,590		23,035
Gross Unrealized Losses	8,205		11,512
Allowance for Credit Losses	0	0	1	0	0	0
Fair Value	3,427,269		2,027,550
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	922,301		913,347
Gross Unrealized Gains	3,193		4,776
Gross Unrealized Losses	66,432		66,345
Allowance for Credit Losses	0	0	0	0	0	0
Fair Value	859,062		851,778
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	384,608		399,542
Gross Unrealized Gains	606		4,016
Gross Unrealized Losses	12,438		7,481
Allowance for Credit Losses	5	$ 0	7	$ 6	$ 7	$ 9
Fair Value	$ 372,771		$ 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	Jun. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	$ 7,303,837	$ 2,492,369
Less than Twelve Months, Gross Unrealized Losses	132,050	39,568
Twelve Months or More, Fair Value	13,943,924	13,312,102
Twelve Months or More, Gross Unrealized Losses	2,069,200	1,699,993
Total, Fair Value	21,247,761	15,804,471
Total, Gross Unrealized Losses	2,201,250	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	230,068	98,174
Less than Twelve Months, Gross Unrealized Losses	2,572	945
Twelve Months or More, Fair Value	294,783	214,889
Twelve Months or More, Gross Unrealized Losses	88,784	72,563
Total, Fair Value	524,851	313,063
Total, Gross Unrealized Losses	91,356	73,508
Obligations of U.S. states and their political subdivisions
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	223,788	83,729
Less than Twelve Months, Gross Unrealized Losses	3,957	293
Twelve Months or More, Fair Value	234,192	218,375
Twelve Months or More, Gross Unrealized Losses	23,094	18,224
Total, Fair Value	457,980	302,104
Total, Gross Unrealized Losses	27,051	18,517
Foreign government bonds
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	22,104	10,226
Less than Twelve Months, Gross Unrealized Losses	674	116
Twelve Months or More, Fair Value	226,215	233,757
Twelve Months or More, Gross Unrealized Losses	60,354	50,568
Total, Fair Value	248,319	243,983
Total, Gross Unrealized Losses	61,028	50,684
U.S. public corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	2,763,982	782,904
Less than Twelve Months, Gross Unrealized Losses	57,470	10,009
Twelve Months or More, Fair Value	5,644,459	5,201,353
Twelve Months or More, Gross Unrealized Losses	929,754	750,265
Total, Fair Value	8,408,441	5,984,257
Total, Gross Unrealized Losses	987,224	760,274
U.S. private corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	1,257,925	707,674
Less than Twelve Months, Gross Unrealized Losses	29,254	16,613
Twelve Months or More, Fair Value	3,114,266	2,794,697
Twelve Months or More, Gross Unrealized Losses	300,033	238,181
Total, Fair Value	4,372,191	3,502,371
Total, Gross Unrealized Losses	329,287	254,794
Foreign public corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	891,965	92,955
Less than Twelve Months, Gross Unrealized Losses	5,472	1,063
Twelve Months or More, Fair Value	988,534	948,963
Twelve Months or More, Gross Unrealized Losses	127,696	114,169
Total, Fair Value	1,880,499	1,041,918
Total, Gross Unrealized Losses	133,168	115,232
Foreign private corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	1,238,396	429,212
Less than Twelve Months, Gross Unrealized Losses	29,092	8,035
Twelve Months or More, Fair Value	2,526,982	2,461,367
Twelve Months or More, Gross Unrealized Losses	455,969	373,180
Total, Fair Value	3,765,378	2,890,579
Total, Gross Unrealized Losses	485,061	381,215
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	476,496	208,970
Less than Twelve Months, Gross Unrealized Losses	1,994	1,761
Twelve Months or More, Fair Value	193,910	532,814
Twelve Months or More, Gross Unrealized Losses	6,211	9,750
Total, Fair Value	670,406	741,784
Total, Gross Unrealized Losses	8,205	11,511
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	69,386	42,621
Less than Twelve Months, Gross Unrealized Losses	301	298
Twelve Months or More, Fair Value	568,747	580,931
Twelve Months or More, Gross Unrealized Losses	66,131	66,047
Total, Fair Value	638,133	623,552
Total, Gross Unrealized Losses	66,432	66,345
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	129,727	35,904
Less than Twelve Months, Gross Unrealized Losses	1,264	435
Twelve Months or More, Fair Value	151,836	124,956
Twelve Months or More, Gross Unrealized Losses	11,174	7,046
Total, Fair Value	281,563	160,860
Total, Gross Unrealized Losses	$ 12,438	$ 7,481

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Schedule of Investments [Line Items]
Loans acquired	$ 14,100	$ 0	$ 14,100	$ 0
Loans sold	0	0	0	0
Gross Unrealized Losses	2,201,250		2,201,250		$ 1,739,561
Fixed maturity purchased with credit deterioration			0		0
Accrued Investment Income Write Down	0	0	0	0
Securities sold under agreements to repurchase	$ 0		$ 0		$ 0
Commercial mortgage loans, Percentage	100%		100%		100%
Loans on non-accrual status, do not have allowance for credit losses	$ 3,000		$ 3,000		$ 0
Commercial mortgage and other loans purchased with credit deterioration			0		0
Twelve Months or More, Gross Unrealized Losses	2,069,200		2,069,200		1,699,993
Commercial mortgage loans | Extended Maturity
Schedule of Investments [Line Items]
Financing Receivable, Modified in Period, Amount	9,000	0	$ 17,000	0
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	2,071,000		$ 2,071,000		1,634,000
NAIC other than high or highest quality rating | Fixed maturities
Schedule of Investments [Line Items]
Gross Unrealized Losses	$ 130,000		$ 130,000		106,000
California
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	27%		27%
Texas
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	9%		9%
Washington
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	7%		7%
Europe
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	10%		10%
Mexico
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	1%		1%
Australia
Schedule of Investments [Line Items]
Commercial mortgage loans, Percentage	1%		1%
Other Income | Fixed maturities | Trading
Schedule of Investments [Line Items]
Net unrealized investment gains (losses)	$ (50,900)	(53,500)	$ (132,200)	42,600
Other Income | Equity securities
Schedule of Investments [Line Items]
Net unrealized investment gains (losses)	(9,200)	$ (1,100)	(21,400)	$ 8,100
Fixed maturities
Schedule of Investments [Line Items]
Twelve Months or More, Gross Unrealized Losses	$ 2,069,000		$ 2,069,000		$ 1,700,000

Investments (Amortized Cost and

Investments (Amortized Cost and Fair Value of Fixed Maturities by Contractual Maturities) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Amortized Cost
Due in one year or less	$ 1,585,826
Due after one year through five years	10,560,134
Due after five years through ten years	8,207,957
Due after ten years	8,085,252
Amortized Cost	33,149,962	$ 27,538,066
Fair Value
Due in one year or less	1,549,703
Due after one year through five years	10,212,123
Due after five years through ten years	7,798,270
Due after ten years	6,891,565
Fair Value	31,110,763	26,131,780
Asset-backed securities
Amortized Cost
Debt securities, available-for-sale, maturity, without single maturity date, amortized cost	3,403,884
Amortized Cost	3,403,884	2,016,028
Fair Value
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value	3,427,269
Fair Value	3,427,269	2,027,550
Commercial mortgage-backed securities
Amortized Cost
Debt securities, available-for-sale, maturity, without single maturity date, amortized cost	922,301
Amortized Cost	922,301	913,347
Fair Value
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value	859,062
Fair Value	859,062	851,778
Residential mortgage-backed securities
Amortized Cost
Debt securities, available-for-sale, maturity, without single maturity date, amortized cost	384,608
Amortized Cost	384,608	399,542
Fair Value
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value	372,771
Fair Value	$ 372,771	$ 396,070

Investments (Fixed Maturities_2

Investments (Fixed Maturities Securities Proceeds) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Debt Securities, Available-for-sale [Line Items]
Proceeds from maturities/prepayments			$ 1,508,920	$ 668,943
Fixed maturities | Available-for-sale
Debt Securities, Available-for-sale [Line Items]
Proceeds from sales	$ 321,870	$ 68,308	428,025	128,681
Proceeds from maturities/prepayments	698,470	193,205	1,135,913	488,333
Gross investment gains from sales and maturities	9,407	6,777	10,344	9,449
Gross investment losses from sales and maturities	(16,340)	(5,587)	(24,472)	(17,525)
Write-downs recognized in earnings	0	4	0	7
(Addition to) release of allowance for credit losses	$ (1,698)	$ (1,196)	(1,340)	(154)
Noncash or part noncash divestiture, amount of consideration received			$ (55,000)	$ 51,900

Investments (Credit Losses Reco

Investments (Credit Losses Recognized In Earnings on Fixed Maturity Securities Held by the Company) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 1,650	$ 3,727	$ 2,008	$ 4,769
Additions to allowance for credit losses not previously recorded	344	242	401	3,165
Reductions for securities sold during the period	(1)	(41)	(42)	(3,775)
Additions (reductions) on securities with previous allowance	1,355	995	502	764
Assets transferred to parent and affiliates	0		479
Balance, end of period	3,348	4,923	3,348	4,923
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	0	0	0	0
Additions to allowance for credit losses not previously recorded	0	0	0	0
Reductions for securities sold during the period	0	0	0	0
Additions (reductions) on securities with previous allowance	0	0	0	0
Assets transferred to parent and affiliates	0		0
Balance, end of period	0	0	0	0
Foreign Government Bonds
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	0	0	0	5
Additions to allowance for credit losses not previously recorded	0	0	0	0
Reductions for securities sold during the period	0	0	0	(1)
Additions (reductions) on securities with previous allowance	0	0	0	(4)
Assets transferred to parent and affiliates	0		0
Balance, end of period	0	0	0	0
U.S. and Foreign Corporate Securities
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	1,650	3,720	2,000	4,755
Additions to allowance for credit losses not previously recorded	339	242	396	3,165
Reductions for securities sold during the period	(1)	(41)	(42)	(3,774)
Additions (reductions) on securities with previous allowance	1,355	996	510	771
Assets transferred to parent and affiliates	0		479
Balance, end of period	3,343	4,917	3,343	4,917
Asset-backed securities
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	0	0	1	0
Additions to allowance for credit losses not previously recorded	0	0	0	0
Reductions for securities sold during the period	0	0	0	0
Additions (reductions) on securities with previous allowance	0	0	(1)	0
Assets transferred to parent and affiliates	0		0
Balance, end of period	0	0	0	0
Commercial mortgage-backed securities
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	0	0	0	0
Additions to allowance for credit losses not previously recorded	0	0	0	0
Reductions for securities sold during the period	0	0	0	0
Additions (reductions) on securities with previous allowance	0	0	0	0
Assets transferred to parent and affiliates	0		0
Balance, end of period	0	0	0	0
Residential Mortgage-Backed Securities
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	0	7	7	9
Additions to allowance for credit losses not previously recorded	5	0	5	0
Reductions for securities sold during the period	0	0	0	0
Additions (reductions) on securities with previous allowance	0	(1)	(7)	(3)
Assets transferred to parent and affiliates	0		0
Balance, end of period	$ 5	$ 6	$ 5	$ 6

Investments (Commercial Mortgag

Investments (Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 6,752,746	$ 6,155,050
Commercial mortgage loans, Percentage	100%	100%
Allowance for Credit Losses	$ (41,572)	$ (37,689)
Commercial Mortgage Loans	6,718,386	6,122,721
Total net Commercial Mortgage and Other Loans	6,718,386	6,122,721
Other loans	7,212	5,360
Commercial Mortgage and Agricultural Loans
Commercial Mortgage and Other Loans [Line Items]
Commercial Mortgage Loans	6,711,174	6,117,361
Total net Commercial Mortgage and Other Loans	6,711,174	6,117,361
Other Collateralized Loans
Commercial Mortgage and Other Loans [Line Items]
Other loans	7,212	5,360
Total Net Commercial Mortgage and Other Loans
Commercial Mortgage and Other Loans [Line Items]
Commercial Mortgage Loans	6,718,386	6,122,721
Total net Commercial Mortgage and Other Loans	6,718,386	6,122,721
Apartments and multi-family
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 1,776,234	$ 1,578,785
Commercial mortgage loans, Percentage	26.30%	25.70%
Hospitality
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 99,596	$ 102,952
Commercial mortgage loans, Percentage	1.50%	1.70%
Industrial
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 2,701,470	$ 2,486,230
Commercial mortgage loans, Percentage	40%	40.40%
Office
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 587,978	$ 604,611
Commercial mortgage loans, Percentage	8.60%	9.80%
Other
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 666,349	$ 456,720
Commercial mortgage loans, Percentage	9.90%	7.40%
Retail
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 349,157	$ 363,706
Commercial mortgage loans, Percentage	5.20%	5.90%
Commercial mortgage loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 6,180,784	$ 5,593,004
Commercial mortgage loans, Percentage	91.50%	90.90%
Agricultural property loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 571,962	$ 562,046
Commercial mortgage loans, Percentage	8.50%	9.10%

Investments (Allowance for Cred

Investments (Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	$ 42,682	$ 21,410	$ 37,689	$ 20,263
Addition to (release of) allowance for expected losses	(1,110)	683	3,883	1,830
Total ending balance	41,572	22,093	41,572	22,093
Commercial mortgage loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	41,769	20,427	36,758	19,665
Addition to (release of) allowance for expected losses	(1,077)	706	3,934	1,468
Total ending balance	40,692	21,133	40,692	21,133
Agricultural Property Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	913	983	931	598
Addition to (release of) allowance for expected losses	(33)	(23)	(51)	362
Total ending balance	$ 880	$ 960	$ 880	$ 960

Investments (Credit Quality Ind

Investments (Credit Quality Indicators) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	$ 6,759,958	$ 6,160,410
Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	759,462	1,142,205
One Year Prior	1,155,379	782,796
Two Year Prior	772,251	1,261,597
Three Year Prior	1,267,011	363,599
Four Year Prior	345,525	528,288
Prior	1,881,156	1,514,519
Revolving Loans	0
Recording investment gross of allowance for credit losses	6,180,784	5,593,004
Commercial mortgage loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	713,612	1,038,315
One Year Prior	1,039,629	779,282
Two Year Prior	768,777	1,261,597
Three Year Prior	1,267,011	292,561
Four Year Prior	275,080	497,407
Prior	1,755,968	1,402,831
Revolving Loans	0
Recording investment gross of allowance for credit losses	5,820,077	5,271,993
Commercial mortgage loans | 1.0X to 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	45,850	103,890
One Year Prior	115,750	3,514
Two Year Prior	3,474	0
Three Year Prior	0	0
Four Year Prior	0	15,632
Prior	49,352	40,521
Revolving Loans	0
Recording investment gross of allowance for credit losses	214,426	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	70,445	15,249
Prior	75,836	71,167
Revolving Loans	0
Recording investment gross of allowance for credit losses	146,281	157,454
Agricultural Property Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	19,587	126,949
One Year Prior	109,185	235,585
Two Year Prior	213,289	132,042
Three Year Prior	131,887	25,875
Four Year Prior	25,510	15,824
Prior	43,900	25,771
Revolving Loans	28,604
Recording investment gross of allowance for credit losses	571,962	562,046
Agricultural Property Loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	18,587	126,949
One Year Prior	95,419	233,585
Two Year Prior	211,289	130,353
Three Year Prior	130,184	24,063
Four Year Prior	23,775	15,824
Prior	43,900	25,771
Revolving Loans	28,604
Recording investment gross of allowance for credit losses	551,758	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	13,766	2,000
Two Year Prior	2,000	0
Three Year Prior	0	1,812
Four Year Prior	1,735	0
Prior	0	0
Revolving Loans	0
Recording investment gross of allowance for credit losses	18,501	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	1,703	0
Four Year Prior	0	0
Prior	0	0
Revolving Loans	0
Recording investment gross of allowance for credit losses	1,703	1,689
0%-59.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	89,035	249,037
One Year Prior	254,068	245,914
Two Year Prior	230,308	482,718
Three Year Prior	480,391	109,249
Four Year Prior	94,393	265,053
Prior	1,197,399	1,068,763
Revolving Loans	0
Recording investment gross of allowance for credit losses	2,345,594	2,420,734
0%-59.99% | Agricultural Property Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	19,587	73,774
One Year Prior	89,733	179,375
Two Year Prior	168,400	132,042
Three Year Prior	131,887	25,875
Four Year Prior	23,775	15,824
Prior	43,900	25,771
Revolving Loans	13,789
Recording investment gross of allowance for credit losses	491,071	452,661
60%-69.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	541,378	675,153
One Year Prior	690,428	355,984
Two Year Prior	362,596	449,878
Three Year Prior	445,103	172,721
Four Year Prior	170,063	225,803
Prior	405,172	206,237
Revolving Loans	0
Recording investment gross of allowance for credit losses	2,614,740	2,085,776
60%-69.99% | Agricultural Property Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	0	47,489
One Year Prior	19,452	56,210
Two Year Prior	37,889	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	57,341	103,699
70%-79.99% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	126,919	218,015
One Year Prior	210,883	133,343
Two Year Prior	121,583	255,299
Three Year Prior	257,377	77,812
Four Year Prior	77,219	20,924
Prior	57,912	86,806
Revolving Loans	0
Recording investment gross of allowance for credit losses	851,893	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	7,000	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	21,815	5,686
80% or greater | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Year	2,130	0
One Year Prior	0	47,555
Two Year Prior	57,764	73,702
Three Year Prior	84,140	3,817
Four Year Prior	3,850	16,508
Prior	220,673	152,713
Revolving Loans	0
Recording investment gross of allowance for credit losses	368,557	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	1,735	0
Prior	0	0
Revolving Loans	0
Recording investment gross of allowance for credit losses	$ 1,735	$ 0

Investments (Analysis of Past D

Investments (Analysis of Past Due Commercial Mortgage, Agricultural and Other Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	$ 6,759,958	$ 6,160,410
Non-Accrual Status	18,744	1,301
Current
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	6,746,666	6,160,410
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	0	0
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	0	0
90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	13,292	0
Commercial mortgage loans
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	6,180,784	5,593,004
Non-Accrual Status	15,422	0
Commercial mortgage loans | Current
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	6,167,492	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	13,292	0
Agricultural Loan
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	571,962	562,046
Non-Accrual Status	3,322	1,301
Agricultural Loan | Current
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	571,962	562,046
Agricultural Loan | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	0	0
Agricultural Loan | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	0	0
Agricultural Loan | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	0	0
Other Collateralized Loans
Financing Receivable, Past Due [Line Items]
Recording investment gross of allowance for credit losses	7,212	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	7,212	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	Jun. 30, 2024	Dec. 31, 2023
Other Invested Assets [Line Items]
Other invested assets	$ 1,403,405	$ 1,222,985
Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	1,375,721	1,204,869
Derivative Instruments
Other Invested Assets [Line Items]
Other invested assets	27,244	17,718
Other
Other Invested Assets [Line Items]
Other invested assets	440	398
Equity Method | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	1,325,403	1,137,562
Equity Method | Private equity | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	358,116	333,863
Equity Method | Hedge funds | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	869,690	720,360
Equity Method | Real estate-related | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	97,597	83,339
Fair Value | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	50,318	67,307
Fair Value | Private equity | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	33,140	48,483
Fair Value | Hedge funds | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	25	137
Fair Value | Real estate-related | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	$ 17,153	$ 18,687

Investments (Accrued Investment

Investments (Accrued Investment Income) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Net Investment Income
Accrued investment income	$ 426,302	$ 333,838
Fixed maturities
Net Investment Income
Accrued investment income	343,332	272,031
Equity securities
Net Investment Income
Accrued investment income	220	220
Commercial mortgage and other loans
Net Investment Income
Accrued investment income	23,906	21,070
Policy loans
Net Investment Income
Accrued investment income	52,057	35,210
Other invested assets
Net Investment Income
Accrued investment income	0	43
Short-term investments and cash equivalents
Net Investment Income
Accrued investment income	$ 6,787	$ 5,264

Investments (Net Investment Inc

Investments (Net Investment Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 603,607	$ 412,167	$ 1,135,670	$ 778,555
Less: investment expenses	(23,614)	(19,092)	(50,357)	(36,030)
Net investment income	579,993	393,075	1,085,313	742,525
Equity securities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	6,458	2,543	10,205	5,320
Commercial mortgage and other loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	77,920	56,317	151,678	104,973
Policy loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	16,588	10,622	31,033	15,618
Other invested assets
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	28,747	15,624	52,067	41,723
Short-term investments and cash equivalents
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	41,007	29,582	87,322	60,758
Available-for-sale | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	393,930	275,718	732,739	510,528
Trading | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 38,957	$ 21,761	$ 70,626	$ 39,635

Investments (Realized Investmen

Investments (Realized Investment Gains Losses, Net) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Schedule Of Gain Loss On Investments [Line Items]
Realized Investment gains (losses), net	$ 838,882	$ 7,694	$ 861,882	$ (112,985)
Fixed maturities
Schedule Of Gain Loss On Investments [Line Items]
Realized Investment gains (losses), net	(8,631)	(2)	(15,468)	(8,223)
Commercial mortgage and other loans
Schedule Of Gain Loss On Investments [Line Items]
Realized Investment gains (losses), net	1,162	(806)	(4,619)	(2,084)
Other invested assets
Schedule Of Gain Loss On Investments [Line Items]
Realized Investment gains (losses), net	17,635	7,569	33,146	13,196
Derivatives
Schedule Of Gain Loss On Investments [Line Items]
Realized Investment gains (losses), net	828,449	600	848,903	(117,670)
Short-term investments and cash equivalents
Schedule Of Gain Loss On Investments [Line Items]
Realized Investment gains (losses), net	$ 267	$ 333	$ (80)	$ 1,796

Investments (Net Unrealized Gai

Investments (Net Unrealized Gains Losses on Investments by Asset Class) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	$ (1,967,552)	$ (1,402,193)
Fixed maturities | Available-for-sale | With an allowance
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	491	1,987
Fixed maturities | Available-for-sale | Without an allowance
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	(2,036,342)	(1,406,265)
Derivatives designated as cash flow hedges
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	75,293	11,934
Affiliated notes
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	(6,791)	(8,760)
Other investments
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	$ (203)	$ (1,089)

Investments (Repurchase Agreeme

Investments (Repurchase Agreement and Securities Lending) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	$ 19,397	$ 218,310
Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	17,497	218,310
Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	1,900	0
30 days or greater
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	0	0
Foreign government bonds
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	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	9,612	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	7,712	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	1,900	0
U.S. private corporate securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	17	0
U.S. private corporate securities | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	17	0
U.S. private 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	9,768	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	9,768	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	Jun. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Derivative, Notional Amount	$ 296,118,365	$ 266,639,029
Assets	13,054,588	9,045,737
Liabilities	(24,253,329)	(21,248,026)
Derivatives Designated as Hedge Accounting Instruments:
Derivative [Line Items]
Derivative, Notional Amount	2,728,618	2,277,700
Assets	166,088	121,243
Liabilities	(32,736)	(54,282)
Derivatives Designated as Hedge Accounting Instruments: | Interest Rate Swaps
Derivative [Line Items]
Derivative, Notional Amount	2,975	3,064
Assets	215	0
Liabilities	(491)	(238)
Derivatives Designated as Hedge Accounting Instruments: | Foreign Currency Swaps
Derivative [Line Items]
Derivative, Notional Amount	2,725,643	2,274,636
Assets	165,873	121,243
Liabilities	(32,245)	(54,044)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Derivative, Notional Amount	293,389,747	264,361,329
Assets	12,888,500	8,924,494
Liabilities	(24,220,593)	(21,193,744)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Swaps
Derivative [Line Items]
Derivative, Notional Amount	167,487,864	163,179,764
Assets	8,227,910	6,605,817
Liabilities	(19,877,550)	(17,820,436)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Future
Derivative [Line Items]
Derivative, Notional Amount	859,000	1,332,600
Assets	2,964	3,055
Liabilities	(291)	(210)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Foreign Currency Forwards
Derivative [Line Items]
Derivative, Notional Amount	908,100	744,576
Assets	4,913	1,772
Liabilities	(985)	(12,232)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit Default Swaps
Derivative [Line Items]
Derivative, Notional Amount	520,600	643,280
Assets	4,830	7,727
Liabilities	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Foreign Currency Swaps
Derivative [Line Items]
Derivative, Notional Amount	2,238,553	2,237,331
Assets	125,477	96,618
Liabilities	(20,687)	(31,294)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity Options
Derivative [Line Items]
Derivative, Notional Amount	72,507,886	49,247,510
Assets	3,638,902	1,600,335
Liabilities	(2,274,561)	(1,552,706)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Option
Derivative [Line Items]
Derivative, Notional Amount	29,503,000	29,738,000
Assets	227,324	189,112
Liabilities	(1,181,463)	(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	55,415	741
Liabilities	(57,927)	(3,196)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Total Return Swap
Derivative [Line Items]
Derivative, Notional Amount	15,885,233	15,049,993
Assets	599,846	418,084
Liabilities	(803,880)	(803,452)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity Future
Derivative [Line Items]
Derivative, Notional Amount	813,292	418,973
Assets	156	1,232
Liabilities	(3,041)	(500)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Synthetic Gics
Derivative [Line Items]
Derivative, Notional Amount	1,208,219	311,302
Assets	763	1
Liabilities	$ (208)	$ 0

Derivative Instruments (Offsett

Derivative Instruments (Offsetting Assets and Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Derivatives Assets
Gross Amounts of Recognized Financial Instruments	$ 13,053,807	$ 9,045,718
Gross Amounts Offset in the Consolidated Statement of Financial Position	(13,027,344)	(9,028,019)
Net Amounts Presented in the Consolidated Statement of Financial Position	26,463	17,699
Financial Instruments/Collateral	0	0
Net Amount	26,463	17,699
Securities Purchased under Agreements to Resell
Gross Amounts of Recognized Financial Instruments	325,000	25,000
Gross Amounts Offset in the Consolidated Statement of Financial Position	0	0
Net Amounts Presented in the Consolidated Statement of Financial Position	325,000	25,000
Financial Instruments/Collateral	0	0
Net Amount	325,000	25,000
Total Assets
Gross Amounts of Recognized Financial Instruments	13,378,807	9,070,718
Gross Amounts Offset in the Consolidated Statement of Financial Position	(13,027,344)	(9,028,019)
Net Amounts Presented in the Consolidated Statement of Financial Position	351,463	42,699
Financial Instruments/Collateral	0	0
Net Amount	351,463	42,699
Derivatives Liabilities
Gross Amounts of Recognized Financial Instruments	24,253,121	21,248,026
Gross Amounts Offset in the Consolidated Statement of Financial Position	(21,143,003)	(18,596,679)
Net Amounts Presented in the Consolidated Statement of Financial Position	3,110,118	2,651,347
Financial Instruments/Collateral	(3,110,118)	(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	24,253,121	21,248,026
Gross Amounts Offset in the Consolidated Statement of Financial Position	(21,143,003)	(18,596,679)
Net Amounts Presented in the Consolidated Statement of Financial Position	3,110,118	2,651,347
Financial Instruments/Collateral	(3,110,118)	(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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	$ 828,449	$ 600	$ 848,903	$ (114,557)
Market Risk Benefit, Increase (Decrease) from Equity Market Change)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(468,590)	(1,313,359)	(1,755,382)	(1,305,231)
Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	12,143	10,945	22,807	22,625
Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	1,198	(7,081)	13,728	(17,653)
AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	36,180	(18,679)	63,359	(38,966)
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	(568)	(1,943)	(676)	572
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	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	12,143	10,945	22,807	22,625
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	1,258	(7,027)	13,605	(17,453)
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	36,180	(18,679)	63,359	(38,966)
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	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	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	2	(29)	(62)	(54)
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Interest Rate | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0	0	0
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Interest Rate | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(21)	(43)	(10)	(2)
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	(569)	(1,944)	(677)	571
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	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	12,141	10,974	22,869	22,679
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	1,258	(7,027)	13,605	(17,453)
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	36,201	(18,636)	63,369	(38,964)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	829,017	2,543	849,579	(115,129)
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	(468,590)	(1,313,359)	(1,755,382)	(1,305,231)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(60)	(54)	123	(200)
Derivatives Not Qualifying as Hedge Accounting Instruments: | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	28,037	63,875	72,509	15,712
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	(410,527)	(915,225)	(1,266,452)	(707,165)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	8,285	(5,416)	21,406	(12,026)
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	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	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency/Interest Rate | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	1,556	(23,601)	33,532	(36,322)
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	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	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	(60)	(54)	123	(200)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency/Interest Rate | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(368)	1,392	7,518	2,326
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	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	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	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	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	596,834	947,017	2,023,011	1,143,892
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	(58,063)	(398,134)	(488,930)	(598,066)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Embedded Derivatives | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	194,673	(980,724)	(1,308,397)	(1,228,711)
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	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	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Embedded Derivatives | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Embedded Derivatives | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	$ 0	$ 0	$ 0	$ 0

Derivative Instruments (Current

Derivative Instruments (Current Period Cash Flow Hedges in AOCI (loss) before Taxes) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 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	99,095
Amounts reclassified into current period earnings	(35,736)
Balance, ending	75,293
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	(71)
Amounts reclassified into current period earnings	61
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	99,166
Amounts reclassified into current period earnings	$ (35,797)

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative, Net	$ (9,606)	$ (7,402)
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	29
Credit Default Swaps Referencing Indices, Sell Protection
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	521	643
Credit Risk Derivatives, at Fair Value, Net Asset	5	$ 8
Credit Default Swaps Referencing Indices, Sell Protection | NAIC 3
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	483
Credit Default Swaps Referencing Indices, Sell Protection | NAIC 6
Derivative [Line Items]
Credit Derivative, Maximum Exposure, Undiscounted	$ 38

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities (Balances of Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	$ 31,110,763	$ 26,131,780
Market risk benefits assets	2,550,164	2,367,243	$ 2,340,000
Fixed maturities, trading	3,074,512	2,796,446
Equity securities	565,619	844,950
Other invested assets	1,403,405	1,222,985
Other assets	2,596,292	2,078,938
Reinsurance recoverables	40,693,991	38,709,651
Receivables from parent and affiliates	416,539	332,583
Separate account assets	119,980,906	119,188,485
TOTAL ASSETS	224,078,679	213,309,041
Market risk benefit liabilities	4,370,960	5,144,401	$ 5,090,000
Payables to parent and affiliates	3,133,697	2,667,696
Total liabilities	220,147,116	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	1,121,135	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	612,482	776,627
Foreign government bonds
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	266,324	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	11,412,122	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	5,221,405	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	2,897,093	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	4,921,100	4,630,982
Asset-backed securities
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	3,427,269	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	859,062	851,778
Residential mortgage-backed securities
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	372,771	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	31,110,763	26,131,780
Market risk benefits assets	2,550,164	2,367,243
Fixed maturities, trading	3,074,512	2,796,446
Equity securities	565,619	830,340
Short-term investments	358,556	313,866
Cash equivalents	1,668,554	1,644,125
Other invested assets	27,244	17,718
Other assets	363,440	224,019
Reinsurance recoverables	127,289	69,745
Receivables from parent and affiliates	330,814	147,984
Subtotal excluding separate account assets	40,176,955	34,543,266
Separate account assets	114,240,747	113,929,793
TOTAL ASSETS	154,417,702	148,473,059
Market risk benefit liabilities	4,370,960	5,144,401
Policyholders’ account balances	10,083,258	7,689,929
Payables to parent and affiliates	3,107,204	2,651,123
Other liabilities	16,300	6,340
Total liabilities	17,577,722	15,491,793
Assets netting	(13,027,344)	(9,028,019)
Liabilities netting	(21,143,003)	(18,596,679)
Derivative liability, cash collateral	(8,116,000)	(9,569,000)
Fair Value, Measurements, Recurring | Payables to parent and affiliates
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities netting	(21,142,232)	(18,588,647)
Fair Value, Measurements, Recurring | Other liabilities
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities netting	(771)	(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	1,121,135	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	612,482	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	266,324	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	11,412,122	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	5,221,405	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	2,897,093	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	4,921,100	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	3,427,269	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	859,062	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	372,771	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	521,834	790,346
Short-term investments	7,942	31,879
Cash equivalents	0	447,396
Other invested assets	15,921	23,432
Other assets	0	0
Reinsurance recoverables	0	0
Receivables from parent and affiliates	0	0
Subtotal excluding separate account assets	545,697	1,293,053
Separate account assets	209,537	176,239
TOTAL ASSETS	755,234	1,469,292
Market risk benefit liabilities	0	0
Policyholders’ account balances	0	0
Payables to parent and affiliates	0	0
Other liabilities	3,686	8,032
Total liabilities	3,686	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	29,436,889	24,939,518
Market risk benefits assets	0	0
Fixed maturities, trading	2,833,692	2,762,398
Equity securities	15,455	11,285
Short-term investments	347,940	280,228
Cash equivalents	1,667,949	1,196,729
Other invested assets	13,037,904	9,022,304
Other assets	0	0
Reinsurance recoverables	0	0
Receivables from parent and affiliates	149,495	147,984
Subtotal excluding separate account assets	47,489,324	38,360,446
Separate account assets	114,021,411	113,747,569
TOTAL ASSETS	161,510,735	152,108,015
Market risk benefit liabilities	0	0
Policyholders’ account balances	0	0
Payables to parent and affiliates	24,249,436	21,239,770
Other liabilities	13,178	6,340
Total liabilities	24,262,614	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	1,121,135	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	612,482	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	265,660	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	11,412,122	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	4,639,796	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	2,890,201	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	4,504,426	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	2,835,605	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	782,691	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	372,771	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	1,673,874	1,192,262
Market risk benefits assets	2,550,164	2,367,243
Fixed maturities, trading	240,820	34,048
Equity securities	28,330	28,709
Short-term investments	2,674	1,759
Cash equivalents	605	0
Other invested assets	763	1
Other assets	363,440	224,019
Reinsurance recoverables	127,289	69,745
Receivables from parent and affiliates	181,319	0
Subtotal excluding separate account assets	5,169,278	3,917,786
Separate account assets	9,799	5,985
TOTAL ASSETS	5,179,077	3,923,771
Market risk benefit liabilities	4,370,960	5,144,401
Policyholders’ account balances	10,083,258	7,689,929
Payables to parent and affiliates	0	0
Other liabilities	207	0
Total liabilities	14,454,425	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	664	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	581,609	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	6,892	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	416,674	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	591,664	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	76,371	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	50,000	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	$ 5,740,000	$ 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	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Corporate securities	$ 575,874	$ 824,270
Market risk benefits assets	2,550,164	2,367,243	$ 2,340,000
Other assets	2,596,292	2,078,938
Receivables from parent and affiliates	416,539	332,583
Market risk benefit liabilities	4,370,960	5,144,401	$ 5,090,000
Fair Value, Measurements, Recurring
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Market risk benefits assets	2,550,164	2,367,243
Other assets	363,440	224,019
Receivables from parent and affiliates	330,814	147,984
Market risk benefit liabilities	4,370,960	5,144,401
Policyholders’ account balances	10,083,258	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	$ 2,550,164	2,367,243
Other assets	363,440	224,019
Receivables from parent and affiliates	181,319	0
Market risk benefit liabilities	4,370,960	5,144,401
Policyholders’ account balances	$ 10,083,258	$ 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	0.35%	0.41%
Utilization rate	37%	38%
Withdrawal rate (greater than maximum range)	78%	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	0%	1%
Spread over SOFR	0.35%	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	7.42%	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	1%	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	0.35%	0.41%
Utilization rate	37%	38%
Withdrawal rate (greater than maximum range)	78%	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	0%	1%
Spread over SOFR	0.35%	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	1.92%	1.91%
Utilization rate	94%	95%
Withdrawal rate (greater than maximum range)	100%	100%
Mortality rate	16%	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	1.90%	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	1%	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	1.92%	1.91%
Utilization rate	94%	95%
Withdrawal rate (greater than maximum range)	100%	100%
Mortality rate	16%	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	1.90%	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	11.75%	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	1%	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	$ 4,370,960	$ 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	10,083,258	7,689,929
Level 3 | Internal | Fair Value, Measurements, Recurring | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Corporate securities	889,304	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	76,371	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	2,550,164	2,367,243
Level 3 | Internal | Fair Value, Measurements, Recurring | Other assets
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Other assets	363,440	$ 224,019
Level 3 | Internal | Fair Value, Measurements, Recurring | Receivable from parent and affiliates
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Receivables from parent and affiliates	$ 181,319

Fair Value of Assets and Liab_5

Fair Value of Assets and Liabilities (Changes in Level 3 Assets and Liabilities) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Unrealized gains (losses) for assets/liabilities still held:
Market risk benefits assets	$ 2,550,164	$ 2,340,000	$ 2,550,164	$ 2,340,000	$ 2,367,243
Market risk benefit liabilities	4,370,960	5,090,000	4,370,960	5,090,000	$ 5,144,401
Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	28,650	43,174	28,709	28,593
Purchases	0	0	273	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Other	0	181	0	15,592
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	28,330	43,374	28,330	43,374
Total gains (losses) (realized/unrealized):
Included in earnings	(320)	19	(652)	(811)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(320)	19	(652)	(811)
Equity securities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Equity securities | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	(320)	19	(652)	(811)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(320)	19	(652)	(811)
Equity securities | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Equity securities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Equity securities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Other invested assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	1		1
Purchases	1		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	763		763
Total gains (losses) (realized/unrealized):
Included in earnings	761		762
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	761		762
Other invested assets | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	761		762
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	761		762
Other invested 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 invested 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 invested 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 invested assets | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0		0
Short-term investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	3,351	14,416	1,759	16,945
Purchases	304	1,146	2,306	2,688
Sales	(8)	0	(8)	0
Issuances	0	0	0	0
Settlements	(1,293)	(13,711)	(1,387)	(19,638)
Other	0	(1,359)	0	(1,359)
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	2,674	1,209	2,674	1,209
Total gains (losses) (realized/unrealized):
Included in earnings	320	717	4	2,573
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	308	0	(8)	51
Short-term investments | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	308	423	(8)	1,857
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	308	0	(8)	0
Short-term investments | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Short-term investments | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Short-term investments | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	(124)	0	(73)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	51
Short-term investments | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	12	418	12	789
Cash equivalents
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0		0
Purchases	605		605
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	605		605
Total gains (losses) (realized/unrealized):
Included in earnings	0		0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0		0
Cash equivalents | 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
Cash equivalents | 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
Cash equivalents | 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
Cash equivalents | 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
Cash equivalents | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0		0
Other assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	303,538	155,763	224,019	141,041
Purchases	58,326	38,983	114,032	73,603
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(12,842)	(3,514)	(26,036)	(5,051)
Other	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	363,440	217,613	363,440	217,613
Total gains (losses) (realized/unrealized):
Included in earnings	14,418	26,381	51,425	8,020
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	1,575	19,779	25,388	2,969
Other assets | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	14,418	26,381	51,425	8,020
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	1,575	19,779	25,388	2,969
Other assets | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Other assets | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Other assets | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Other assets | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Receivables from parents and affiliates
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	121,378	0	0	0
Purchases	111,140	0	232,518	0
Sales	(51,199)	0	(51,199)	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Other	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	181,319	0	181,319	0
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Receivables from parents and affiliates | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Receivables from parents and affiliates | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Receivables from parents and affiliates | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Receivables from parents and affiliates | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Receivables from parents and affiliates | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Reinsurance Recoverables
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	96,442	1,357	69,745	0
Purchases	51,033	0	83,251	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Other	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	127,289	1,465	127,289	1,465
Total gains (losses) (realized/unrealized):
Included in earnings	(20,186)	108	(25,707)	1,465
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(43,624)	108	(78,715)	1,465
Reinsurance Recoverables | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(20,186)	108	(25,707)	1,465
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(43,624)	108	(78,715)	1,465
Reinsurance Recoverables | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Reinsurance Recoverables | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Reinsurance Recoverables | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Reinsurance Recoverables | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Separate account assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	7,894	4,553	5,985	4,645
Purchases	1,805	840	4,438	840
Sales	(2)	(420)	(1,258)	(600)
Issuances	0	0	0	0
Settlements	0	(150)	(125)	(160)
Other	0	0	0	0
Transfers into Level 3	0	0	458	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	9,799	4,982	9,799	4,982
Total gains (losses) (realized/unrealized):
Included in earnings	102	159	301	257
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	102	159	302	255
Separate account assets | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Separate account assets | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Separate account assets | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	102	159	301	257
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	102	159	302	255
Separate account assets | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Separate account assets | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Policyholders' account balances
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(9,752,538)	(4,129,043)	(7,689,929)	(3,502,096)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	(545,676)	(439,615)	(1,106,074)	(838,238)
Settlements	0	0	0	0
Other	1,117	72,773	1,930	74,368
Transfers Into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	(10,083,258)	(5,513,449)	(10,083,258)	(5,513,449)
Total gains (losses) (realized/unrealized):
Included in earnings	213,839	(1,017,564)	(1,289,185)	(1,247,483)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	973,682	(150,676)	831,176	(234,970)
Policyholders' account balances | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	213,839	(1,017,564)	(1,289,185)	(1,247,483)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	973,682	(150,676)	831,176	(234,970)
Policyholders' account balances | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Policyholders' account balances | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Policyholders' account balances | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Policyholders' account balances | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Other liabilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(207)		0
Purchases	0		0
Sales	0		0
Issuances	0		0
Settlements	0		0
Other	0		0
Transfers Into Level 3	0		0
Transfers out of Level 3	0		0
Fair Value, end of period	(207)		(207)
Total gains (losses) (realized/unrealized):
Included in earnings	0		(207)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0		(207)
Other liabilities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0		(207)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0		(207)
Other liabilities | 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 liabilities | 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 liabilities | 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 liabilities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0		0
Available-for-sale | Fixed maturities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(2,567)	(1,138)	(4,263)	(813)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(1,404)	(1,118)	(776)	(2,019)
Available-for-sale | Fixed maturities | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Available-for-sale | Fixed maturities | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Available-for-sale | Fixed maturities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	(4,746)	3,476	(14,588)	4,440
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(5,304)	3,359	(15,825)	5,275
Available-for-sale | Fixed maturities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	924	(39)	1,522	350
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	671	714	682	724
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Other	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	664	701	664	701
Total gains (losses) (realized/unrealized):
Included in earnings	(7)	(13)	(18)	(23)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(11)	(16)	(24)	(28)
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	1,009,650	535,893	1,014,343	507,496
Purchases	203,749	216,778	328,790	310,874
Sales	(65,650)	(9,241)	(130,702)	(28,839)
Issuances	0	0	0	0
Settlements	(71,908)	(25,418)	(125,800)	(76,842)
Other	(65,480)	1,359	(65,480)	1,359
Transfers into Level 3	942	0	942	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	1,005,175	721,247	1,005,175	721,247
Total gains (losses) (realized/unrealized):
Included in earnings	(6,128)	1,876	(16,918)	7,199
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(7,077)	1,773	(16,678)	6,413
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	694,121	228,869	177,237	104,724
Purchases	37,188	1,291	521,528	147,307
Sales	0	0	0	(27)
Issuances	0	0	0	0
Settlements	(51,300)	(725)	(53,195)	(1,338)
Other	65,480	0	65,480	0
Transfers into Level 3	0	0	34,578	2,240
Transfers out of Level 3	(77,200)	(83,532)	(77,200)	(103,368)
Fair Value, end of period	668,035	146,339	668,035	146,339
Total gains (losses) (realized/unrealized):
Included in earnings	(254)	436	(393)	(3,199)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	380	484	101	(3,129)
Trading | Fixed maturities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	146,543	6,250	34,048	0
Purchases	111,784	0	225,127	6,250
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(2,261)	0	(2,261)	0
Other	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	(15,196)	(6,250)	(15,196)	(6,250)
Fair Value, end of period	240,820	0	240,820	0
Total gains (losses) (realized/unrealized):
Included in earnings	(50)	0	(898)	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(42)	0	(890)	0
Trading | Fixed maturities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Trading | Fixed maturities | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	(50)	0	(898)	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(42)	0	(890)	0
Trading | Fixed maturities | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Trading | Fixed maturities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Trading | Fixed maturities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	$ 0	$ 0	$ 0	$ 0

Fair Value of Assets and Liab_6

Fair Value of Assets and Liabilities (Financial Instruments where Carrying Amounts and Fair Values May Differ) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets:
Policy loans	$ 1,511,288	$ 1,472,677
Cash and cash equivalents	2,886,207	2,139,792
Accrued investment income	426,302	333,838
Reinsurance recoverables	40,693,991	38,709,651
Receivables from parent and affiliates	416,539	332,583
Liabilities
Cash collateral for loaned securities	19,397	218,310
Fair Value
Assets:
Commercial mortgage and other loans	6,465,057	5,918,386
Policy loans	1,511,288	1,472,677
Short-term investments	58,102	66,500
Cash and cash equivalents	1,217,653	495,667
Accrued investment income	426,302	333,838
Reinsurance recoverables	21,733	22,155
Receivables from parent and affiliates	85,725	184,599
Other assets	1,999,808	1,570,629
Total assets	11,785,668	10,064,451
Liabilities
Policyholders’ account balances - investment contracts	8,721,934	6,352,532
Cash collateral for loaned securities	19,397	218,310
Short-term debt to affiliates		176,110
Payables to parent and affiliates	26,493	16,573
Other liabilities	2,614,523	2,154,284
Total liabilities	11,382,347	8,917,809
Carrying Amount
Assets:
Commercial mortgage and other loans	6,718,386	6,122,721
Policy loans	1,511,288	1,472,677
Short-term investments	58,102	66,500
Cash and cash equivalents	1,217,653	495,667
Accrued investment income	426,302	333,838
Reinsurance recoverables	23,508	23,537
Receivables from parent and affiliates	85,725	184,599
Other assets	1,999,808	1,570,629
Total assets	12,040,772	10,270,168
Liabilities
Policyholders’ account balances - investment contracts	8,739,221	6,368,061
Cash collateral for loaned securities	19,397	218,310
Short-term debt to affiliates		180,411
Payables to parent and affiliates	26,493	16,573
Other liabilities	2,614,523	2,154,283
Total liabilities	11,399,634	8,937,638
Level 1 | Fair Value
Assets:
Commercial mortgage and other loans	0	0
Policy loans	0	0
Short-term investments	58,102	66,500
Cash and cash equivalents	892,653	470,668
Accrued investment income	0	0
Reinsurance recoverables	0	0
Receivables from parent and affiliates	0	0
Other assets	0	0
Total assets	950,755	537,168
Liabilities
Policyholders’ account balances - investment contracts	0	0
Cash collateral for loaned securities	0	0
Short-term debt to affiliates		0
Payables to parent and affiliates	0	0
Other liabilities	0	0
Total liabilities	0	0
Level 2 | Fair Value
Assets:
Commercial mortgage and other loans	0	0
Policy loans	0	0
Short-term investments	0	0
Cash and cash equivalents	325,000	24,999
Accrued investment income	426,302	333,838
Reinsurance recoverables	0	0
Receivables from parent and affiliates	85,725	184,599
Other assets	89,182	80,646
Total assets	926,209	624,082
Liabilities
Policyholders’ account balances - investment contracts	872,062	955,647
Cash collateral for loaned securities	19,397	218,310
Short-term debt to affiliates		176,110
Payables to parent and affiliates	26,493	16,573
Other liabilities	2,582,917	2,121,861
Total liabilities	3,500,869	3,488,501
Level 3 | Fair Value
Assets:
Commercial mortgage and other loans	6,465,057	5,918,386
Policy loans	1,511,288	1,472,677
Short-term investments	0	0
Cash and cash equivalents	0	0
Accrued investment income	0	0
Reinsurance recoverables	21,733	22,155
Receivables from parent and affiliates	0	0
Other assets	1,910,626	1,489,983
Total assets	9,908,704	8,903,201
Liabilities
Policyholders’ account balances - investment contracts	7,849,872	5,396,885
Cash collateral for loaned securities	0	0
Short-term debt to affiliates		0
Payables to parent and affiliates	0	0
Other liabilities	31,606	32,423
Total liabilities	$ 7,881,478	$ 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	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Deferred Policy Acquisition Cost, Beginning Balance	$ 7,097,511	$ 6,930,425
Capitalization	697,742	513,893
Amortization expense	(293,816)	(266,642)
Other	(18,604)	(393,385)
Balance, end of period	7,482,833	6,784,291
Fixed Annuities
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Deferred Policy Acquisition Cost, Beginning Balance	197,937	102,251
Capitalization	120,883	48,552
Amortization expense	(18,538)	(9,490)
Other	0	0
Balance, end of period	300,282	141,313
Variable Annuities
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Deferred Policy Acquisition Cost, Beginning Balance	3,257,761	3,736,454
Capitalization	175,313	117,342
Amortization expense	(170,567)	(166,332)
Other	0	(393,385)
Balance, end of period	3,262,507	3,294,079
Term Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Deferred Policy Acquisition Cost, Beginning Balance	743,888	648,837
Capitalization	90,283	72,216
Amortization expense	(36,597)	(31,084)
Other	(97)	0
Balance, end of period	797,477	689,969
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	311,263	275,783
Amortization expense	(68,114)	(59,736)
Other	(18,507)	0
Balance, end of period	$ 3,122,567	$ 2,658,930

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	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Reinsurance Recoverable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 255,113	$ 292,893
Amortization expense	(18,694)	(19,393)
Other	1
Balance, end of period	236,420	273,500
Variable Annuities
Reinsurance Recoverable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	194,110	223,515
Amortization expense	(14,824)	(15,113)
Other	1
Balance, end of period	179,287	208,402
Term Life
Reinsurance Recoverable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	61,003	69,378
Amortization expense	(3,870)	(4,280)
Other	0
Balance, end of period	$ 57,133	$ 65,098

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	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Reinsurance Recoverable, Allowance for Credit Gain [Roll Forward]
Balance, beginning of period	$ 1,673,290	$ 1,492,856
Amortization	(74,253)	(45,647)
Other	1,092,151	277,262
Balance, end of period	2,691,188	1,724,471
Fixed Annuities
Reinsurance Recoverable, Allowance for Credit Gain [Roll Forward]
Balance, beginning of period	48,073	57,898
Amortization	(5,444)	(4,406)
Other	(8)	0
Balance, end of period	42,621	53,492
Variable Annuities
Reinsurance Recoverable, Allowance for Credit Gain [Roll Forward]
Balance, beginning of period	261,721	0
Amortization	(10,119)	(5,209)
Other	(40)	(277,262)
Balance, end of period	251,562	272,053
Variable/Universal Life
Reinsurance Recoverable, Allowance for Credit Gain [Roll Forward]
Balance, beginning of period	1,363,496	1,434,958
Amortization	(58,690)	(36,032)
Other	1,092,199	0
Balance, end of period	2,397,005	$ 1,398,926
Variable/Universal Life | Somerset Re
Reinsurance Recoverable, Allowance for Credit Gain [Roll Forward]
Other	1,207,000
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	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Movement in Deferred Sales Inducements [Roll Forward]
Balance, beginning of period	$ 351,424
Balance, end of period	337,202
Variable Annuities
Movement in Deferred Sales Inducements [Roll Forward]
Balance, beginning of period	351,424	$ 381,504
Capitalization	1,214	1,503
Amortization expense	(15,436)	(16,088)
Other	0	(3)
Balance, end of period	$ 337,202	$ 366,916

Separate Accounts (Separate Acc

Separate Accounts (Separate Account Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Separate Account Investment [Line Items]
Separate account assets	$ 119,980,906	$ 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	4,925	2,954
Obligations of U.S. states and their political subdivisions authorities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	65	0
U.S. corporate securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	11,788	9,504
Foreign corporate securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	2,237	1,763
Asset-backed securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	1,016	0
Mortgage-backed securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	175	186
Equity
Fair Value, Separate Account Investment [Line Items]
Separate account assets	75,066,834	72,614,821
Fixed Income
Fair Value, Separate Account Investment [Line Items]
Separate account assets	34,707,360	37,065,162
Other
Fair Value, Separate Account Investment [Line Items]
Separate account assets	4,324,051	4,101,661
Equity securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	99,581	104,159
Other invested assets
Fair Value, Separate Account Investment [Line Items]
Separate account assets	5,740,307	5,258,900
Short-term investments
Fair Value, Separate Account Investment [Line Items]
Separate account assets	574	2,126
Cash and cash equivalents
Fair Value, Separate Account Investment [Line Items]
Separate account assets	$ 21,993	$ 27,249

Separate Accounts (Separate A_2

Separate Accounts (Separate Account Liabilities) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Separate Account, Liability [Roll Forward]
Balance, beginning of period	$ 119,188,485	$ 114,051,246
Deposits	1,798,133	1,577,513
Investment performance	7,830,032	9,719,802
Policy charges	(1,559,623)	(1,576,563)
Surrenders and withdrawals	(6,930,855)	(4,776,319)
Benefit payments	(165,074)	(150,697)
Net transfers (to) from separate account	(210,769)	(1,040,549)
Other	30,577	35,722
Balance, end of period	119,980,906	117,840,155
Cash surrender value	115,590,957	113,562,296
Variable Annuity
Separate Account, Liability [Roll Forward]
Balance, beginning of period	92,383,121	91,785,448
Deposits	291,602	200,961
Investment performance	5,034,082	7,184,460
Policy charges	(1,112,504)	(1,171,455)
Surrenders and withdrawals	(6,694,864)	(4,561,633)
Benefit payments	(33,831)	(43,056)
Net transfers (to) from separate account	(41,403)	(4,995)
Other	2,825	5,405
Balance, end of period	89,829,028	93,395,135
Cash surrender value	88,793,191	92,036,034
Variable Life
Separate Account, Liability [Roll Forward]
Balance, beginning of period	26,805,364	22,265,798
Deposits	1,506,531	1,376,552
Investment performance	2,795,950	2,535,342
Policy charges	(447,119)	(405,108)
Surrenders and withdrawals	(235,991)	(214,686)
Benefit payments	(131,243)	(107,641)
Net transfers (to) from separate account	(169,366)	(1,035,554)
Other	27,752	30,317
Balance, end of period	30,151,878	24,445,020
Cash surrender value	$ 26,797,766	21,526,262
Policy loan funding to an affiliated irrevocable trust | Variable Life
Separate Account, Liability [Roll Forward]
Net transfers (to) from separate account		$ 900,000

Liability For Future Policy B_3

Liability For Future Policy Benefits (Benefit Reserves) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Other adjustments	$ 6,174	$ 1,133	$ 18,179	$ 5,535
Balance, end of period	17,917,864	18,190,646	17,917,864	18,190,646
Interest accrual			261,019	237,869
Other Businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, end of period	1,633	1,941	1,633	1,941
Nonparticipating Traditional And Limited-Pay Business
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Gain in net income			(22,000)	30,000
Loss in net income			21,000	30,000
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 assumption update					$ 21,466	$ (790)
Effect of actual variances from expected experience and other activity					(127,507)	(65,230)
Adjusted balance, beginning of period			11,047,503	11,400,670
Issuances			403,742	318,867
Net premiums / considerations collected			(661,611)	(674,147)
Interest accrual			254,945	261,862
Other adjustments			(78)
Balance at original discount rate, end of period	11,044,501	11,307,252	11,044,501	11,307,252
Effect of cumulative changes in discount rate assumptions, end of period	(577,768)	(484,287)	(577,768)	(484,287)
Balance, end of period	10,466,733	10,822,965	10,466,733	10,822,965
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 assumption update					21,480	(1,044)
Effect of actual variances from expected experience and other activity					(153,025)	(87,110)
Adjusted balance, beginning of period			18,626,233	18,709,131
Issuances			403,742	318,867
Interest accrual			444,536	447,387
Benefit payments			(721,798)	(716,919)
Other adjustments			1,103	1,558
Balance at original discount rate, end of period	18,753,816	18,760,024	18,753,816	18,760,024
Effect of cumulative changes in discount rate assumptions, end of period	(1,064,363)	(791,413)	(1,064,363)	(791,413)
Balance, end of period	17,689,453	17,968,611	17,689,453	17,968,611
Balance, end of period, pre-flooring	7,222,720	7,145,646	7,222,720	7,145,646
Flooring impact, end of period	44	0	44	0
Balance, end of period, post flooring	7,222,764	7,145,646	7,222,764	7,145,646
Reinsurance recoverable	6,518,048	6,614,071	6,518,048	6,614,071
Balance after reinsurance recoverables, end of period, post-flooring	704,716	531,575	704,716	531,575
Term Life | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Undiscounted expected future gross premiums	21,795,982	21,948,491	21,795,982	21,948,491
Discounted expected future gross premiums (at original discount rate)	14,920,888	15,125,847	14,920,888	15,125,847
Discounted expected future gross premiums (at current discount rate)	14,173,894	14,493,623	14,173,894	14,493,623
Undiscounted expected future benefits and expenses	$ 29,155,998	$ 29,156,389	29,155,998	29,156,389
Interest accrual			189,591	185,524
Gross Premiums			$ 901,158	$ 900,634
Weighted-average duration of the liability in years (at original discount rate)	10 years	10 years	10 years	10 years
Weighted-average duration of the liability in years (at current discount rate)	9 years	10 years	9 years	10 years
Weighted-average interest rate (at original discount rate)	5.15%	5.20%	5.15%	5.20%
Weighted-average interest rate (at current discount rate)	5.53%	5.28%	5.53%	5.28%
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 assumption update					0	0
Effect of actual variances from expected experience and other activity					(380)	(1,257)
Issuances			18,328	23,211
Net premiums / considerations collected			(17,948)	(21,954)
Interest accrual			0	0
Other adjustments			0
Balance at original discount rate, end of period	$ 0	$ 0	0	0
Effect of cumulative changes in discount rate assumptions, end of period	0	0	0	0
Balance, end of period	0	0	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 assumption update					(3,643)	0
Effect of actual variances from expected experience and other activity					(130)	4,195
Adjusted balance, beginning of period			244,536	233,798
Issuances			18,328	23,211
Interest accrual			4,453	4,201
Benefit payments			(15,519)	(14,838)
Other adjustments			(150)	(33)
Balance at original discount rate, end of period	251,648	246,339	251,648	246,339
Effect of cumulative changes in discount rate assumptions, end of period	(24,870)	(26,245)	(24,870)	(26,245)
Balance, end of period	226,778	220,094	226,778	220,094
Balance, end of period, pre-flooring	226,778	220,094	226,778	220,094
Flooring impact, end of period	0	0	0	0
Balance, end of period, post flooring	226,778	220,094	226,778	220,094
Reinsurance recoverable	18,453	17,835	18,453	17,835
Balance after reinsurance recoverables, end of period, post-flooring	208,325	202,259	208,325	202,259
Fixed Annuities | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Undiscounted expected future gross premiums	0	0	0	0
Discounted expected future gross premiums (at original discount rate)	0	0	0	0
Discounted expected future gross premiums (at current discount rate)	0	0	0	0
Undiscounted expected future benefits and expenses	$ 337,236	$ 328,414	337,236	328,414
Interest accrual			4,453	4,201
Gross Premiums			$ 21,461	$ 24,200
Weighted-average duration of the liability in years (at original discount rate)	7 years	7 years	7 years	7 years
Weighted-average duration of the liability in years (at current discount rate)	6 years	6 years	6 years	6 years
Weighted-average interest rate (at original discount rate)	3.83%	3.57%	3.83%	3.57%
Weighted-average interest rate (at current discount rate)	5.47%	5.27%	5.47%	5.27%
Fixed Annuity Netting
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Adjusted balance, beginning of period			$ (380)	$ (1,257)
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 assumption update					21,466	(790)
Effect of actual variances from expected experience and other activity					(127,887)	(66,487)
Adjusted balance, beginning of period			11,047,123	11,399,413
Issuances			422,070	342,078
Net premiums / considerations collected			(679,559)	(696,101)
Interest accrual			254,945	261,862
Other adjustments			(78)
Balance at original discount rate, end of period	$ 11,044,501	$ 11,307,252	11,044,501	11,307,252
Effect of cumulative changes in discount rate assumptions, end of period	(577,768)	(484,287)	(577,768)	(484,287)
Balance, end of period	10,466,733	10,822,965	10,466,733	10,822,965
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, end of period, pre-flooring	7,449,498	7,365,740	7,449,498	7,365,740
Flooring impact, end of period	44	0	44	0
Balance, end of period, post flooring	7,449,542	7,365,740	7,449,542	7,365,740
Reinsurance recoverable	6,536,501	6,631,906	6,536,501	6,631,906
Balance after reinsurance recoverables, end of period, post-flooring	913,041	733,834	913,041	733,834
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 assumption update					17,837	(1,044)
Effect of actual variances from expected experience and other activity					$ (153,155)	$ (82,915)
Adjusted balance, beginning of period			18,870,769	18,942,929
Issuances			422,070	342,078
Interest accrual			448,989	451,588
Benefit payments			(737,317)	(731,757)
Other adjustments			953	1,525
Balance at original discount rate, end of period	19,005,464	19,006,363	19,005,464	19,006,363
Effect of cumulative changes in discount rate assumptions, end of period	(1,089,233)	(817,658)	(1,089,233)	(817,658)
Balance, end of period	$ 17,916,231	$ 18,188,705	$ 17,916,231	$ 18,188,705

Liability For Future Policy B_4

Liability For Future Policy Benefits (Deferred Profit Liability) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Other adjustments	$ 6,174	$ 1,133	$ 18,179	$ 5,535
Deferred Profit Liability Netting
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Revenue			(5,187)	3,691
Fixed Annuities
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of assumption update					$ (3,643)	$ 0
Effect of actual variances from expected experience and other activity					(130)	4,195
Adjusted balance, beginning of period					244,536	233,798
Interest accrual			4,453	4,201
Other adjustments			(150)	(33)
Balance, end of period, post-flooring	226,778	220,094	226,778	220,094
Reinsurance recoverable	18,453	17,835	18,453	17,835
Balance after reinsurance recoverables, end of period, post-flooring	208,325	202,259	208,325	202,259
Fixed Annuities | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Revenue			21,461	24,200
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 assumption update					2,110	0
Effect of actual variances from expected experience and other activity					412	(5,092)
Adjusted balance, beginning of period					$ 17,340	$ 13,101
Profits deferred			3,389	2,088
Interest accrual			319	294
Amortization			(1,025)	(973)
Other adjustments			(16)	(8)
Balance, end of period, post-flooring	20,007	14,502	20,007	14,502
Reinsurance recoverable	1,439	1,558	1,439	1,558
Balance after reinsurance recoverables, end of period, post-flooring	$ 18,568	$ 12,944	18,568	12,944
Fixed Annuities | Deferred Profit Liability Netting
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Revenue			$ (5,187)	$ 3,691

Liability For Future Policy B_5

Liability For Future Policy Benefits (Additional Insurance Reserves) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 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 assumption update			$ 154,058	$ 22,910
Effect of actual variances from expected experience and other activity			161,320	26,204
Adjusted balance, beginning of period			$ 15,427,754	$ 13,982,796
Assessments collected	586,734	513,593
Interest accrual	261,019	237,869
Benefits paid	(158,757)	(151,097)
Balance, excluding amounts in AOCI, end of period, pre-flooring	16,116,750	14,583,161
Flooring impact and amounts in AOCI	(1,642,621)	(1,094,298)
Balance, including amounts in AOCI, end of period, post-flooring	14,474,129	13,488,863
Less: Reinsurance recoverables	14,286,902	13,268,534
Balance after reinsurance recoverables, including amounts in AOCI, end of period	187,227	220,329
Gross assessments	$ 903,426	$ 785,370
Weighted-average duration of the liability in years (at original discount rate)	22 years	22 years
Weighted-average interest rate (at original discount rate)	3.40%	3.39%

Liability For Future Policy B_6

Liability For Future Policy Benefits (Future Policy Benefits) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Insurance [Abstract]
Benefit reserves, end of period, post-flooring	$ 7,449,542		$ 7,365,740
Deferred profit liability, end of period, post-flooring	20,007		14,502
Additional insurance reserves, including amounts in AOCI, end of period, post-flooring	14,474,129		13,488,863
Subtotal of amounts disclosed above	21,943,678		20,869,105
Other Future Policy Benefits reserves	1,086,901		1,108,889
Total Future policy Benefits	$ 23,030,579	$ 23,205,205	$ 21,977,994

Liability For Future Policy B_7

Liability For Future Policy Benefits (Revenue and Interest Expense) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Benefit Reserves
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	$ 922,619	$ 924,834
Interest expense	194,044	189,725
Benefit Reserves | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	901,158	900,634
Interest expense	189,591	185,524
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	21,461	24,200
Interest expense	4,453	4,201
Deferred profit liability
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	319	294
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	319	294
Additional insurance reserves
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	903,426	785,370
Interest expense	261,019	237,869
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	903,426	785,370
Interest expense	261,019	237,869
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	(5,187)	3,691
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	(5,187)	3,691
Revenues
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	1,820,858	1,713,895
Revenues | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	901,158	900,634
Revenues | Variable/Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	903,426	785,370
Revenues | Fixed Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	16,274	27,891
Interest Expense
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	455,382	427,888
Interest Expense | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	189,591	185,524
Interest Expense | Variable/Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	261,019	237,869
Interest Expense | Fixed Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	$ 4,772	$ 4,495

Policyholders' Liabilities (Det

Policyholders' Liabilities (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 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	210,769	$ 1,040,549
Unearned revenue reserve	4,082,015	3,401,994
Other	104,172	100,675
Total Policyholders' account balance	$ 61,036,866	$ 47,608,155
Weighted-average crediting rate	2.18%	2.20%
Net amount at risk	$ 332,247,819	$ 313,219,015
Cash surrender value	52,757,970	39,708,008
Total
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	49,168,791	38,744,221
Deposits	7,603,117	4,436,743
Interest credited	577,170	454,975
Policy charges	(922,285)	(916,990)
Surrenders and withdrawals	(998,472)	(735,134)
Benefit payments	(71,548)	(82,866)
Transfer to (from) Policyholder Account Balance (to) from Separate Account	210,769	1,040,549
Change in market value and other adjustments	1,283,137	1,163,988
Balance, end of period	56,850,679	44,105,486
Fixed Annuities
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	6,164,313	3,575,824
Deposits	2,787,898	1,180,342
Interest credited	90,612	44,970
Policy charges		(3,078)
Surrenders and withdrawals	(251,521)	(101,470)
Benefit payments	(24,948)	(25,668)
Transfer to (from) Policyholder Account Balance (to) from Separate Account	0	0
Change in market value and other adjustments	124,805	69,817
Balance, end of period	8,891,072	4,740,737
Total Policyholders' account balance	$ 3,701,038	$ 1,726,600
Weighted-average crediting rate	2.41%	2.15%
Net amount at risk	$ 20	$ 38
Cash surrender value	7,711,710	3,975,581
Variable Annuity
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	22,836,765	16,432,032
Deposits	3,752,999	2,225,558
Interest credited	207,176	131,119
Policy charges	(12,007)	(10,684)
Surrenders and withdrawals	(370,351)	(233,470)
Benefit payments	(12,688)	(15,067)
Transfer to (from) Policyholder Account Balance (to) from Separate Account	41,403	4,995
Change in market value and other adjustments	1,092,901	954,563
Balance, end of period	27,536,198	19,489,046
Total Policyholders' account balance	$ 2,719,828	$ 3,081,376
Weighted-average crediting rate	1.65%	1.46%
Net amount at risk	$ 0	$ 0
Cash surrender value	25,912,600	17,391,104
Variable/Universal Life
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period	20,167,713	18,736,365
Deposits	1,062,220	1,030,843
Interest credited	279,382	278,886
Policy charges	(910,191)	(903,228)
Surrenders and withdrawals	(376,600)	(400,194)
Benefit payments	(33,912)	(42,131)
Transfer to (from) Policyholder Account Balance (to) from Separate Account	169,366	1,035,554
Change in market value and other adjustments	65,431	139,608
Balance, end of period	20,423,409	19,875,703
Total Policyholders' account balance	$ 17,484,330	$ 17,506,563
Weighted-average crediting rate	2.75%	2.89%
Net amount at risk	$ 332,247,799	$ 313,218,977
Cash surrender value	19,133,660	$ 18,341,323
Fixed Annuity Netting
Additional Liability, Long-Duration Insurance [Roll Forward]
Policy charges	$ (87)

Policyholders' Liabilities (Gua

Policyholders' Liabilities (Guaranteed Minimum Crediting Rate) (Details) $ in Thousands	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 61,036,866	$ 53,012,800	$ 47,608,155
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	$ 3,701,038	6,164,313	$ 1,726,600	$ 3,575,824
Fixed Annuities | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,576,661		798,651
Fixed Annuities | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	539,660		542,541
Fixed Annuities | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	780,831		290,658
Fixed Annuities | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	803,886		94,750
Variable Annuity
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,719,828	22,836,765	3,081,376	16,432,032
Variable Annuity | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,680,348		2,219,055
Variable Annuity | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	778,967		842,771
Variable Annuity | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	260,335		19,548
Variable Annuity | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	178		2
Variable/Universal Life
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	17,484,330	$ 20,167,713	17,506,563	$ 18,736,365
Variable/Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	6,231,000		6,899,826
Variable/Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	3,650,098		3,384,953
Variable/Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	5,478,848		6,582,586
Variable/Universal Life | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 2,124,384		$ 639,198
Less than 1.00% | Fixed Annuities
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
Account Values with Crediting Rates	$ 721,529		$ 301
Less than 1.00% | Fixed Annuities | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	412		0
Less than 1.00% | Fixed Annuities | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	3,827		94
Less than 1.00% | Fixed Annuities | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	9,924		27
Less than 1.00% | Fixed Annuities | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 707,366		$ 180
Less than 1.00% | Variable Annuity
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
Account Values with Crediting Rates	$ 1,523,434		$ 1,825,128
Less than 1.00% | Variable Annuity | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	618,306		972,976
Less than 1.00% | Variable Annuity | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	651,182		833,696
Less than 1.00% | Variable Annuity | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	253,768		18,454
Less than 1.00% | Variable Annuity | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 178		$ 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	$ 171,754		$ 9,078
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	171,754		9,078
1.00% - 1.99% | Fixed Annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 796,329		$ 906,337
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	$ 448,198		$ 504,431
1.00% - 1.99% | Fixed Annuities | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	69,557		75,476
1.00% - 1.99% | Fixed Annuities | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	200,379		242,780
1.00% - 1.99% | Fixed Annuities | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	78,195		83,650
1.00% - 1.99% | Variable Annuity
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 305,271		$ 232,269
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	$ 184,745		$ 229,049
1.00% - 1.99% | Variable Annuity | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	118,146		2,126
1.00% - 1.99% | Variable Annuity | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,380		1,094
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	$ 3,505,862		$ 3,233,287
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	$ 246,886		$ 163,616
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	1,678,254		2,706,552
1.00% - 1.99% | Variable/Universal Life | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,580,722		363,119
2.00% - 2.99% | Fixed Annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1,343,023		$ 787,224
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	$ 303,024		$ 261,482
2.00% - 2.99% | Fixed Annuities | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	461,269		466,971
2.00% - 2.99% | Fixed Annuities | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	562,666		47,851
2.00% - 2.99% | Fixed Annuities | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	16,064		10,920
2.00% - 2.99% | Variable Annuity
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 27,541		$ 28,621
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	$ 19,218		$ 24,531
2.00% - 2.99% | Variable Annuity | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	4,138		4,090
2.00% - 2.99% | Variable Annuity | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	4,185		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	$ 4,573,642		$ 4,453,270
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	$ 28,501		$ 21,001
2.00% - 2.99% | Variable/Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,479,940		1,399,691
2.00% - 2.99% | Variable/Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,693,293		2,765,577
2.00% - 2.99% | Variable/Universal Life | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	371,908		267,001
3.00% - 4.00% | Fixed Annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 840,157		$ 32,738
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	$ 825,027		$ 32,738
3.00% - 4.00% | Fixed Annuities | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	5,007		0
3.00% - 4.00% | Fixed Annuities | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	7,862		0
3.00% - 4.00% | Fixed Annuities | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,261		0
3.00% - 4.00% | Variable Annuity
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 861,523		$ 993,267
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	$ 856,020		$ 990,408
3.00% - 4.00% | Variable Annuity | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	5,501		2,859
3.00% - 4.00% | Variable Annuity | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2		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	$ 7,118,634		$ 7,651,711
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	$ 3,841,175		$ 4,555,992
3.00% - 4.00% | Variable/Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,170,158		1,985,262
3.00% - 4.00% | Variable/Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,107,301		1,110,457
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	$ 2,059		$ 2,091
Greater than 4.00% | Variable Annuity | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,059		2,091
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	$ 2,114,438		$ 2,159,217
Greater than 4.00% | Variable/Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,114,438		2,159,217
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 - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, beginning of period	$ 3,741,426	$ 3,067,336
Unearned revenue	430,230	405,732
Amortization Expense	(89,640)	(70,981)
Other adjustments	(1)	(93)
Balance, end of period	4,082,015	3,401,994
Less: Reinsurance recoverables	1,794,071	1,621,229
Unearned revenue reserve net of reinsurance recoverables	$ 2,287,944	$ 1,780,765

Market Risk Benefits - Rollforw

Market Risk Benefits - Rollforward of Balances for Variable Annuity Products (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 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	556,055	587,663
Claims paid	(31,466)	(43,782)
Interest accrual	119,334	160,106
Actual in force different from expected	(2,637)	36,193
Effect of changes in interest rates	(870,637)	(671,989)
Effect of changes in equity markets	(1,112,214)	(1,314,461)
Effect of assumption update	85,619	330,769
Issuances	28,190	11,403
Other adjustments	14,784	(17,436)
Effect of changes in current period counterparty non-performance risk	0	0
Balance, end of period, before effect of changes in non-performance risk	3,550,013	5,357,001
Effect of cumulative changes in non-performance risk	(884,110)	(1,660,587)
Balance, end of period	2,665,903	3,696,414
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	(28,372)	(20,505)
Actual in force different from expected	(10,203)	(6,069)
Effect of changes in interest rates	126,966	169,229
Effect of changes in equity markets	115,601	127,157
Effect of assumption update	3,984	(54,067)
Other adjustments	398	(638,198)
Effect of changes in current period counterparty non-performance risk	(6,098)	(7,445)
Balance, end of period, before effect of changes in non-performance risk	(845,107)	(946,878)
Effect of cumulative changes in non-performance risk	0	0
Balance, end of period	(845,107)	(946,878)
Less: Reinsured Market Risk Benefits | AuguStar [Member]
Market Risk Benefit [Roll Forward]
Other adjustments	638,000
Less: Reinsured Market Risk Benefits
Market Risk Benefit [Roll Forward]
Attributed fees collected	(131,047)	(107,425)
Claims paid	3,110	3,681
Issuances	(1,654)	9,025
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	425,008	480,238
Claims paid	(28,356)	(40,101)
Interest accrual	90,962	139,601
Actual in force different from expected	(12,840)	30,124
Effect of changes in interest rates	(743,671)	(502,760)
Effect of changes in equity markets	(996,613)	(1,187,304)
Effect of assumption update	89,603	276,702
Issuances	26,536	20,428
Other adjustments	15,182	(655,634)
Effect of changes in current period counterparty non-performance risk	(6,098)	(7,445)
Balance, end of period, before effect of changes in non-performance risk	2,704,906	4,410,123
Effect of cumulative changes in non-performance risk	(884,110)	(1,660,587)
Balance, end of period	$ 1,820,796	$ 2,749,536

Market Risk Benefits - Market R

Market Risk Benefits - Market Risk Benefits In Asset and Liability Positions (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Liability for Future Policy Benefit, Activity [Line Items]
Total market risk benefit assets	$ 2,550,164	$ 2,340,000	$ 2,367,243
Total market risk benefit liabilities	4,370,960	5,090,000	5,144,401
Variable Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Net amount at risk	$ 8,732,024	$ 10,067,522
Weighted-average attained age of contractholders	71 years	69 years
Direct and assumed	$ 1,419,114	$ 1,165,762
Ceded	1,131,050	1,174,468
Total market risk benefit assets	2,550,164	2,340,230
Direct and assumed	4,085,018	4,862,177
Ceded	285,942	227,589
Total market risk benefit liabilities	4,370,960	5,089,766
Net liability	$ 1,820,796	$ 2,749,536	$ 3,694,950	$ 4,550,625

Reinsurance (Reinsurance amount

Reinsurance (Reinsurance amounts included in the Statements of Financial Position) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Effects of Reinsurance [Line Items]
Reinsurance recoverables	$ 40,693,991	$ 38,709,651
Policy loans	(1,511,288)	(1,472,677)
Deferred policy acquisition costs	(7,482,833)	(7,097,511)	$ (6,784,291)	$ (6,930,425)
Deferred sales inducements	(337,202)	(351,424)
Market risk benefits assets	2,550,164	2,367,243	2,340,000
Other assets	2,596,292	2,078,938
Future policy benefits	23,030,579	23,205,205	21,977,994
Market risk benefit liabilities	4,370,960	5,144,401	$ 5,090,000
Other liabilities	8,574,711	5,170,308
Impacts of Reinsurance
Effects of Reinsurance [Line Items]
Reinsurance recoverables	40,693,991	38,709,651
Policy loans	(1,098,752)	(1,082,584)
Deferred policy acquisition costs	(3,154,068)	(3,195,161)
Deferred sales inducements	(33,943)	(35,313)
Market risk benefits assets	1,131,482	1,165,378
Other assets	2,413,087	1,897,410
Policyholders’ account balances	5,746,173	5,977,108
Future policy benefits	7,197,282	7,026,209
Market risk benefit liabilities	287,741	249,538
Other liabilities	7,830,608	4,397,862
Unaffiliated activity
Effects of Reinsurance [Line Items]
Market risk benefits assets	780,056	745,662
Other assets	2,313,943	1,795,422
Policyholders’ account balances	1,726,686	1,830,579
Future policy benefits	185	453
Market risk benefit liabilities	146,676	131,594
Other liabilities	2,352,382	1,915,205
Unaffiliated activity
Effects of Reinsurance [Line Items]
Deferred policy acquisition costs	$ 65,299	$ 71,315

Reinsurance (Reinsurance Recove

Reinsurance (Reinsurance Recoverable by Counterparty) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	$ 40,693,991	$ 38,709,651
PAR U
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	18,630,892	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	2,123,485	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	1,987,253	2,101,004
Prudential Insurance
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	4,164,836	1,311,525
Term Re
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	1,980,014	2,080,564
Lotus Re
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	2,077,391	2,051,831
DART
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	765,376	744,043
PURE
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	7,383,771	0
Unaffiliated activity
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	$ 1,580,973	$ 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Premiums:
Direct	$ 462,458	$ 476,472	$ 922,086	$ 938,539
Assumed	30	34	63	(122)
Ceded	(367,567)	(386,541)	(735,046)	(771,796)
Net Premiums	94,921	89,965	187,103	166,621
Policy charges and fee income:
Direct	785,299	749,037	1,556,488	1,484,975
Assumed	239,838	148,479	498,608	301,079
Ceded	(636,303)	(533,980)	1,242,943	(1,036,027)
Net policy charges and fee income	388,834	363,536	3,298,039	750,027
Net investment income:
Direct	592,448	402,761	1,111,500	753,084
Assumed	333	343	663	686
Ceded	(12,788)	(10,029)	(26,850)	(11,245)
Net investment income	579,993	393,075	1,085,313	742,525
Asset administration fees:
Direct	79,776	80,952	162,464	161,308
Assumed	0	0	0	0
Ceded	(24,663)	(24,164)	(50,719)	(40,318)
Net asset administration fees	55,113	56,788	111,745	120,990
Other income (loss):
Direct	84,931	79,657	129,747	305,391
Assumed	24	(56)	349	(349)
Ceded	52,734	25,857	221,078	45,263
Net other income (loss)	137,689	105,458	351,174	350,305
Realized investment gains (losses), net:
Direct	765,146	(88,715)	777,502	(334,638)
Assumed	72,351	82,278	63,184	220,944
Ceded	1,385	14,131	21,196	709
Realized investment gains (losses), net	838,882	7,694	861,882	(112,985)
Change in value of market risk benefits, net of related hedging gain (loss):
Direct	(298,559)	174,084	15,327	207,204
Assumed	1,072	2,774	606	(3,443)
Ceded	15,304	(215,745)	(206,525)	(222,446)
Change in value of market risk benefits, net of related hedging gain (loss)	(282,183)	(38,887)	(190,592)	(18,685)
Policyholders’ benefits (including change in reserves):
Direct	909,374	848,495	1,910,820	1,727,280
Assumed	245,810	332,048	533,221	649,335
Ceded	(1,019,305)	(1,033,582)	1,798,246	(2,124,472)
Net policyholders’ benefits (including change in reserves	135,879	146,961	4,242,287	252,143
Change in estimates of liability for future policy benefits
Direct	72,870	31,146	212,456	(17,355)
Assumed	74,378	23,844	64,868	25,651
Ceded	(153,422)	(56,123)	(295,503)	(13,831)
Change in estimates of liability for future policy benefits	(6,174)	(1,133)	(18,179)	(5,535)
Interest credited to policyholders’ account balances:
Direct	297,194	215,973	575,584	438,548
Assumed	36,344	27,957	82,492	66,463
Ceded	(107,314)	(100,114)	(207,302)	(200,973)
Net interest credited to policyholders’ account balances	226,224	143,816	450,774	304,038
Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization	(116,030)	(105,195)	(506,173)	(223,025)
Unaffiliated activity
Premiums:
Assumed	30	34	60	(132)
Ceded	(26,827)	(16,802)	(51,979)	(33,377)
Policy charges and fee income:
Assumed	356	383	628	923
Ceded	(44,958)	(38,338)	(86,970)	(62,276)
Net investment income:
Ceded	0	1,993	0	12,913
Asset administration fees:
Ceded	(7,007)	(7,740)	(14,323)	(7,740)
Other income (loss):
Assumed	24	55	453	(238)
Ceded	26,002	8,031	47,806	9,653
Realized investment gains (losses), net:
Assumed	72,351	82,278	63,184	220,944
Ceded	21,774	13,952	46,999	(629)
Change in value of market risk benefits, net of related hedging gain (loss):
Assumed	1,072	2,774	606	(3,443)
Ceded	34,461	(75,325)	(63,547)	(80,098)
Policyholders’ benefits (including change in reserves):
Assumed	28	189	361	280
Ceded	(64,243)	(36,118)	(211,071)	(63,820)
Change in estimates of liability for future policy benefits
Ceded	29	(416)	91,902	(416)
Interest credited to policyholders’ account balances:
Assumed	7,657	(2,370)	25,116	5,099
Ceded	$ (1)	$ (85)	$ (1)	$ (85)

Reinsurance (Life Insurance In

Reinsurance (Life Insurance In Force) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Reinsurance Disclosures [Abstract]
Direct gross life insurance face amount in force	$ 1,147,562,454	$ 1,107,571,392
Assumed gross life insurance face amount in force	35,029,437	36,059,164
Reinsurance ceded	(1,041,974,560)	(1,015,213,859)
Net life insurance face amount in force	$ 140,617,331	$ 128,416,697

Reinsurance (Narrative) (Detail

Reinsurance (Narrative) (Details)										3 Months Ended			6 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	Jan. 01, 2015	Dec. 31, 2014	Dec. 31, 2013	Jul. 01, 2012	Dec. 31, 2010	Dec. 31, 2009	Jun. 30, 2024 USD ($) counterparty	Jun. 30, 2023 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2024 USD ($) counterparty	Jun. 30, 2023 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										$ 2,691,188,000	$ 1,724,471,000		$ 2,691,188,000	$ 1,724,471,000											$ 1,673,290,000	$ 1,492,856,000
Policy charges and fee income										(388,834,000)	(363,536,000)		(3,298,039,000)	(750,027,000)
Policy loan assets										1,511,288,000			1,511,288,000												1,472,677,000
Reinsurance recoverables										40,693,991,000			40,693,991,000												38,709,651,000
Impacts of Reinsurance
Effects of Reinsurance [Line Items]
Policy loan assets										1,098,752,000			1,098,752,000												1,082,584,000
Reinsurance recoverables										40,693,991,000			40,693,991,000												38,709,651,000
PAR U
Effects of Reinsurance [Line Items]
Reinsurance recoverables										18,630,892,000			18,630,892,000												15,722,061,000
PURE
Effects of Reinsurance [Line Items]
Reinsurance recoverables										7,383,771,000			7,383,771,000												0
PURC
Effects of Reinsurance [Line Items]
Reinsurance recoverables										0			0												7,565,968,000
PARCC
Effects of Reinsurance [Line Items]
Reinsurance recoverables										2,123,485,000			2,123,485,000												2,304,270,000
GUL Re
Effects of Reinsurance [Line Items]
Reinsurance recoverables										0			0												3,211,899,000
PAR Term
Effects of Reinsurance [Line Items]
Reinsurance recoverables										1,987,253,000			1,987,253,000												2,101,004,000
Term Re
Effects of Reinsurance [Line Items]
Reinsurance recoverables										1,980,014,000			1,980,014,000												2,080,564,000
Prudential Insurance
Effects of Reinsurance [Line Items]
Reinsurance recoverables										4,164,836,000			4,164,836,000												1,311,525,000
Lotus Re
Effects of Reinsurance [Line Items]
Reinsurance recoverables										2,077,391,000			2,077,391,000												2,051,831,000
DART
Effects of Reinsurance [Line Items]
Reinsurance recoverables										765,376,000			765,376,000												744,043,000
Somerset Re
Effects of Reinsurance [Line Items]
Deferred Reinsurance Gain																								$ 1,207,000,000
Recapture loss																								(990,000,000)
Deposit assets on reinsurance										2,152,000,000			2,152,000,000												1,618,000,000
Funds witheld liabilities										1,974,000,000			1,974,000,000												1,518,000,000
Union Hamilton
Effects of Reinsurance [Line Items]
Reinsurance recoverables										2,100,000,000			2,100,000,000
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										251,562,000	272,053,000		251,562,000	272,053,000											261,721,000	0
Variable Annuity | FLIAC
Effects of Reinsurance [Line Items]
Funds held under reinsurance agreements										5,300,000,000			5,300,000,000
Fixed Annuities
Effects of Reinsurance [Line Items]
Deferred Reinsurance Gain										42,621,000	$ 53,492,000		42,621,000	$ 53,492,000											$ 48,073,000	$ 57,898,000
Fixed Annuities | FLIAC
Effects of Reinsurance [Line Items]
Funds held under reinsurance agreements										$ 2,000,000,000			$ 2,000,000,000
Percent of total reinsured block										0.80			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			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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 134,404	$ 40,326	$ 70,787	$ 96,565
Effective Income Tax Rate, Percent			16.94%	16.25%
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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance			$ (30,920)
Income tax benefit (expense)	$ 14,270	$ 102,846	123,561	$ (7,416)
Ending Balance	(498,247)		(498,247)
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance			(18,085)	(20,007)
Change in OCI before reclassifications			(4,178)	3,266
Amounts reclassified from AOCI			0	0
Income tax benefit (expense)			275	(363)
Ending Balance	(21,988)	(17,104)	(21,988)	(17,104)
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			(448,732)	116,395
Amounts reclassified from AOCI			(20,268)	2,479
Income tax benefit (expense)			98,567	(24,884)
Ending Balance	(1,298,211)	(1,380,485)	(1,298,211)	(1,380,485)
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			66,215	(17,588)
Amounts reclassified from AOCI			0	0
Income tax benefit (expense)			(13,905)	3,693
Ending Balance	123,505	105,473	123,505	105,473
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			(183,925)	(67,323)
Amounts reclassified from AOCI			0	0
Income tax benefit (expense)			38,624	14,138
Ending Balance	698,447	1,311,864	698,447	1,311,864
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			(570,620)	34,750
Amounts reclassified from AOCI			(20,268)	2,479
Income tax benefit (expense)			123,561	(7,416)
Ending Balance	(498,247)	19,748	(498,247)	19,748
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	$ 75,000	$ 100,000	$ 75,000	$ 100,000

Equity (Reclassification out of

Equity (Reclassification out of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net unrealized investment gains (losses)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI			$ (20,268)	$ 2,479
AOCI Attributable to Parent
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI			(20,268)	2,479
Amounts reclassified from AOCI | Net unrealized investment gains (losses)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	$ 4,201	$ 1,972	20,268	(2,479)
Amounts reclassified from AOCI | AOCI Attributable to Parent
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	4,201	1,972	20,268	(2,479)
Amounts reclassified from AOCI | Fixed maturities, available-for-sale
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	(8,631)	(2)	(15,468)	(8,223)
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)	$ 12,832	$ 1,974	$ 35,736	$ 5,744

Equity (Net Unrealized Investme

Equity (Net Unrealized Investment Gains (Losses) in AOCI on AFS Fixed Maturity Securities with Allowance for Credit Losses and All Other Investments) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	$ (30,920)
Ending Balance	(498,247)
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	(1,461)
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	491
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	(543,630)
Reclassification adjustment for (gains) losses included in net income	(20,259)
Reclassification due to allowance for credit losses recorded during the period	26
Impact of net unrealized investment (gains) losses	0
Ending Balance	(1,968,043)
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	(797,795)
Ending Balance	(1,599,146)
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	894,154
Ending Balance	1,923,252
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	114,566
Reclassification adjustment for (gains) losses included in net income	4,260
Reclassification due to allowance for credit losses recorded during the period	0
Impact of net unrealized investment (gains) losses	(20,259)
Ending Balance	345,235
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	(430,525)
Reclassification adjustment for (gains) losses included in net income	(16,008)
Reclassification due to allowance for credit losses recorded during the period	0
Impact of net unrealized investment (gains) losses	76,100
Ending Balance	$ (1,298,211)

Equity - Narrative (Details)

Equity - Narrative (Details)	Jun. 30, 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				6 Months Ended		12 Months Ended
	Dec. 31, 2023 USD ($)	May 31, 2023 USD ($)	Feb. 28, 2023 USD ($)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) policy	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Related Party Transaction [Line Items]
Commissions and fees				$ 388,834,000			$ 363,536,000	$ 3,298,039,000	$ 750,027,000
Payments to Fund Policy Loans								116,650,000	1,039,549,000
Policy loans	$ 1,472,677,000			1,511,288,000	$ 1,472,677,000			1,511,288,000		$ 1,472,677,000
Net investment income				579,993,000			393,075,000	1,085,313,000	742,525,000
Other invested assets	1,222,985,000			1,403,405,000	1,222,985,000			1,403,405,000		1,222,985,000
Fee income from revenue sharing agreement				55,113,000			56,788,000	111,745,000	120,990,000
Accrued investment income	333,838,000			426,302,000	333,838,000			426,302,000		333,838,000
Prudential Insurance
Related Party Transaction [Line Items]
Contributed Capital	7,000,000		$ 405,000,000
Return of Capital				550,000,000	450,000,000	$ 650,000,000	300,000,000
Dividends								0		0
PGF
Related Party Transaction [Line Items]
Investment Income, Interest				127,000,000			120,000,000	254,000,000	230,000,000
Prudential Insurance
Related Party Transaction [Line Items]
Stock option program plan expense				400,000			400,000	600,000	500,000
Deferred compensation program expense				800,000			700,000	4,100,000	3,400,000
Pension plan expense				2,000,000			4,000,000	5,000,000	7,000,000
Welfare plan expense				5,000,000			3,000,000	$ 9,000,000	7,000,000
Defined contribution plan, employer matching contribution, percent (up to)								4%
Defined contribution plan, cost recognized				2,000,000			2,000,000	$ 4,000,000	4,000,000
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	4,156,000,000			4,410,000,000	4,156,000,000			$ 4,410,000,000		4,156,000,000
Fees related to Life Insurance, Corporate or Bank Owned, amount				14,000,000			12,000,000	27,000,000	25,000,000
Prudential Financial
Related Party Transaction [Line Items]
Company's share of corporate expenses				32,000,000			34,000,000	$ 68,000,000	73,000,000
Number of Corporate Owned Life Insurance policies sold | policy								1
Payments to Fund Policy Loans		$ 900,000,000
Policy loans	898,000,000			897,000,000	898,000,000			$ 897,000,000		898,000,000
Interest Income on Policy Loans				11,000,000			5,000,000	21,000,000	5,000,000
Affiliated Entity
Related Party Transaction [Line Items]
Net investment income				2,000,000			1,000,000	4,000,000	3,000,000
Accrued interest receivable related to long-term notes receivable	1,000,000			1,000,000	1,000,000			1,000,000		1,000,000
Revenues related to long-term notes receivable				0			1,000,000	1,000,000	2,000,000
Accrued investment income	500,000			500,000	500,000			500,000		500,000
Line of credit facility, maximum borrowing capacity				7,000,000,000				7,000,000,000
Long-term debt to affiliates	0			0	0			0		0
Interest expense related to loans payable, Related Party				7,000,000			2,000,000	11,000,000	5,000,000
Affiliated Entity | PAD
Related Party Transaction [Line Items]
Commissions and fees				211,000,000			147,000,000	389,000,000	287,000,000
Affiliated Entity | PGIM
Related Party Transaction [Line Items]
Net investment income				17,000,000			13,000,000	32,000,000	25,000,000
Affiliated Entity | ASTISI and PGIM Investments
Related Party Transaction [Line Items]
Fee income from revenue sharing agreement				67,000,000			70,000,000	136,000,000	139,000,000
Affiliated Entity | PGIM Investments
Related Party Transaction [Line Items]
Fee income from revenue sharing agreement				11,000,000			9,000,000	22,000,000	18,000,000
Prudential Financial Joint Ventures
Related Party Transaction [Line Items]
Net investment income				10,000,000			$ (6,000,000)	19,000,000	$ (4,000,000)
Other invested assets	$ 754,000,000			$ 936,000,000	$ 754,000,000			$ 936,000,000		$ 754,000,000

Related Party Transactions (Aff

Related Party Transactions (Affiliated Notes Receivable) (Details) - Affiliated Entity - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Total notes receivable - affiliated	$ 330,814	$ 147,984
U.S. Dollar fixed rate notes
Related Party Transaction [Line Items]
Total notes receivable - affiliated	$ 330,814	$ 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	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Commercial Mortgage Loans	$ 6,718,386	$ 6,122,721
Affiliated Entity | Commercial mortgage loans
Related Party Transaction [Line Items]
Interest Rates	9.83%
Commercial Mortgage Loans	$ 70,445	$ 71,038

Related Party Transactions (A_2

Related Party Transactions (Affiliated Asset Transfers) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Related Party Transaction [Line Items]
Additional Paid in Capital					$ 5,052,602
Realized investment gains (losses)	$ 838,882	$ 7,694	$ 861,882	$ (112,985)
Affiliated Entity | Prudential Insurance, January 2023, Purchase, Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	48,329		48,329
Book Value	50,372		50,372
Additional Paid in Capital	1,614		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		7,175
Book Value	7,500		7,500
Additional Paid in Capital	256		256
Realized investment gains (losses)			0
Affiliated Entity | PURC, April 2023, Purchase, Fixed maturities
Related Party Transaction [Line Items]
Fair Value	102,804		102,804
Book Value	102,804		102,804
Additional Paid in Capital	0		0
Realized investment gains (losses)			0
Affiliated Entity | Term Re, June 2023, Purchase, Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	115,573		115,573
Book Value	115,573		115,573
Additional Paid in Capital	0		0
Realized investment gains (losses)			0
Affiliated Entity | Prudential Insurance, June 2023, Purchase, Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	4,298		4,298
Book Value	4,443		4,443
Additional Paid in Capital	114		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		4,394
Book Value	4,494		4,494
Additional Paid in Capital	80		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		19,453
Book Value	19,203		19,203
Additional Paid in Capital	(198)		(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		14,452
Book Value	15,086		15,086
Additional Paid in Capital	502		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		15,880
Book Value	15,801		15,801
Additional Paid in Capital	(62)		(62)
Realized investment gains (losses)			0
Affiliated Entity | PURC - December 2023, Sale, Commercial Mortgage and Other Loans
Related Party Transaction [Line Items]
Fair Value	762		762
Book Value	754		754
Additional Paid in Capital	0		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		1,598,161
Book Value	1,598,161		1,598,161
Additional Paid in Capital	0		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		778,745
Book Value	778,745		778,745
Additional Paid in Capital	0		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		2,155,560
Book Value	2,155,560		2,155,560
Additional Paid in Capital	0		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		1,685,582
Book Value	1,685,582		1,685,582
Additional Paid in Capital	0		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		4,976
Book Value	4,976		4,976
Additional Paid in Capital	0		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		1,598,161
Book Value	1,598,161		1,598,161
Additional Paid in Capital	0		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		778,745
Book Value	778,745		778,745
Additional Paid in Capital	0		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		2,155,560
Book Value	2,155,560		2,155,560
Additional Paid in Capital	0		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		1,685,582
Book Value	1,685,582		1,685,582
Additional Paid in Capital	0		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		4,976
Book Value	4,976		4,976
Additional Paid in Capital	0		0
Realized investment gains (losses)			0
Affiliated Entity | Ironbound - January 2024 - Purchase - Other Invested Assets
Related Party Transaction [Line Items]
Fair Value	60,414		60,414
Book Value	60,414		60,414
Additional Paid in Capital	0		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		18,428
Book Value	18,858		18,858
Additional Paid in Capital	0		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		19,652
Book Value	20,057		20,057
Additional Paid in Capital	0		0
Realized investment gains (losses)			(405)
Affiliated Entity | PAR Term - February 2024 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	43,084		43,084
Book Value	43,084		43,084
Additional Paid in Capital	0		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		10,148
Book Value	10,387		10,387
Additional Paid in Capital	0		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		14,763
Book Value	15,091		15,091
Additional Paid in Capital	0		0
Realized investment gains (losses)			(328)
Affiliated Entity | Prudential Insurance - March 2024 - Purchase - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	198,804		198,804
Book Value	206,285		206,285
Additional Paid in Capital	5,910		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		188,500
Book Value	188,500		188,500
Additional Paid in Capital	0		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		188,500
Book Value	188,500		188,500
Additional Paid in Capital	0		0
Realized investment gains (losses)			0
Affiliated Entity | Windhill CLO 1, Ltd. - April 2024 - Sale - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	2,261		2,261
Book Value	2,300		2,300
Additional Paid in Capital	0		0
Realized investment gains (losses)			(39)
Affiliated Entity | Windhill CLO 2, Ltd. - May 2024 - Sale - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	14,034		14,034
Book Value	14,415		14,415
Additional Paid in Capital	0		0
Realized investment gains (losses)			(381)
Affiliated Entity | Windhill CLO 1, Ltd. - June 2024 - Sale - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	2,045		2,045
Book Value	2,100		2,100
Additional Paid in Capital	0		0
Realized investment gains (losses)			(55)
Affiliated Entity | Windhill CLO 2, Ltd. - June 2024 - Sale - Fixed Maturities
Related Party Transaction [Line Items]
Fair Value	23,342		23,342
Book Value	23,743		23,743
Additional Paid in Capital	0		0
Realized investment gains (losses)			(401)
Affiliated Entity | PAR U - June 2024 - Transfer in - Other Invested Assets
Related Party Transaction [Line Items]
Fair Value	326		326
Book Value	326		326
Additional Paid in Capital	0		0
Realized investment gains (losses)			0
Affiliated Entity | PURE - June 2024 - Transfer out - Other Invested Assets
Related Party Transaction [Line Items]
Fair Value	326		326
Book Value	326		326
Additional Paid in Capital	0		0
Realized investment gains (losses)			0
Affiliated Entity | PAR U - June 2024 - Purchase - Commercial Mortgage and Othe Loans
Related Party Transaction [Line Items]
Fair Value	12,555		12,555
Book Value	12,555		12,555
Additional Paid in Capital	$ 0		0
Realized investment gains (losses)			$ 0

Related Party Transactions Rela

Related Party Transactions Related Party Transactions (Debt Agreements) (Details) - Affiliated Entity - USD ($)	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 0	$ 180,411,000
Short-term debt to affiliates		180,000,000
Prudential Insurance Loan Issued 8/13/2021
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 0	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	$ 0	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	$ 0	$ 47,477,000
Interest Rates	3.95%

Commitments and Contingent Li_3

Commitments and Contingent Liabilities (Details) - Fair Value Guarantee [Member] - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Commitments and Contingent Liabilities [Line Items]
Guaranteed value of third-parties' assets	$ 1,208,219	$ 311,302
Fair value of collateral supporting these assets	1,047,957	287,621
Asset (liability) associated with guarantee, carried at fair value	$ 762	$ 1

Commitments and Contingent Li_4

Commitments and Contingent Liabilities (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 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		$ 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	235		235		$ 270
Allowance for credit losses	0.2		0.2		0.3
Change in allowance for credit loss expense (reversal)	0	$ 0.1	0.1	$ 0.1
Commitments | Investments
Commitments and Contingent Liabilities [Line Items]
Commitments to purchase investment (excluding commercial mortgage loans)	1,167		1,167		1,182
Purchase Commitment
Commitments and Contingent Liabilities [Line Items]
Change in allowance for credit loss expense (reversal)	0	$ 0	0	$ 0
Other Guarantees
Commitments and Contingent Liabilities [Line Items]
Accrued liabilities	$ 32		$ 32		$ 32