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Deferred Policy Acquisition Costs and Deferred Sales Inducements
 3 Months Ended
Mar. 31, 2024
Deferred Charges, Insurers [Abstract]  
Deferred Policy Acquisition Costs and Deferred Sales Inducements Deferred Policy Acquisition Costs and Deferred Sales Inducements
Deferred Policy Acquisition Costs
The following tables present the balances and changes in deferred policy acquisition costs:
Three Months Ended March 31, 2024
Fixed Index AnnuitiesFixed Rate AnnuitiesSingle Premium Immediate AnnuitiesTotal
(Dollars in thousands)
Balance, beginning of period$2,957,464 $109,187 $3,629 $3,070,280 
Capitalizations159,143 32,655 16 191,814 
Amortization expense(69,525)(7,671)(141)(77,337)
Balance, end of period$3,047,082 $134,171 $3,504 $3,184,757 
Year Ended December 31, 2023
Fixed Index AnnuitiesFixed Rate AnnuitiesSingle Premium Immediate AnnuitiesTotal
(Dollars in thousands)
Balance, beginning of period$2,649,322 $120,105 $4,216 $2,773,643 
Capitalizations557,749 18,536 52 576,337 
Amortization expense(249,607)(29,454)(639)(279,700)
Balance, end of period$2,957,464 $109,187 $3,629 $3,070,280 
Deferred Sales Inducements
The following tables present the balances and changes in deferred sales inducements:
Three Months Ended March 31, 2024
Fixed Index
Annuities
Fixed Rate
Annuities
Total
(Dollars in thousands)
Balance, beginning of period$2,342,486 $24,738 $2,367,224 
Capitalizations127,687 17 127,704 
Amortization expense(53,526)(688)(54,214)
Balance, end of period$2,416,647 $24,067 $2,440,714 
Year Ended December 31, 2023
Fixed Index
Annuities
Fixed Rate
Annuities
Total
(Dollars in thousands)
Balance, beginning of period$2,017,960 $27,723 $2,045,683 
Capitalizations513,726 67 513,793 
Amortization expense(189,200)(3,052)(192,252)
Balance, end of period$2,342,486 $24,738 $2,367,224 
Deferred Policy Acquisition Costs and Deferred Sales Inducements Deferred Policy Acquisition Costs and Deferred Sales Inducements
Deferred Policy Acquisition Costs
The following tables present the balances and changes in deferred policy acquisition costs:
Three Months Ended March 31, 2024
Fixed Index AnnuitiesFixed Rate AnnuitiesSingle Premium Immediate AnnuitiesTotal
(Dollars in thousands)
Balance, beginning of period$2,957,464 $109,187 $3,629 $3,070,280 
Capitalizations159,143 32,655 16 191,814 
Amortization expense(69,525)(7,671)(141)(77,337)
Balance, end of period$3,047,082 $134,171 $3,504 $3,184,757 
Year Ended December 31, 2023
Fixed Index AnnuitiesFixed Rate AnnuitiesSingle Premium Immediate AnnuitiesTotal
(Dollars in thousands)
Balance, beginning of period$2,649,322 $120,105 $4,216 $2,773,643 
Capitalizations557,749 18,536 52 576,337 
Amortization expense(249,607)(29,454)(639)(279,700)
Balance, end of period$2,957,464 $109,187 $3,629 $3,070,280 
Deferred Sales Inducements
The following tables present the balances and changes in deferred sales inducements:
Three Months Ended March 31, 2024
Fixed Index
Annuities
Fixed Rate
Annuities
Total
(Dollars in thousands)
Balance, beginning of period$2,342,486 $24,738 $2,367,224 
Capitalizations127,687 17 127,704 
Amortization expense(53,526)(688)(54,214)
Balance, end of period$2,416,647 $24,067 $2,440,714 
Year Ended December 31, 2023
Fixed Index
Annuities
Fixed Rate
Annuities
Total
(Dollars in thousands)
Balance, beginning of period$2,017,960 $27,723 $2,045,683 
Capitalizations513,726 67 513,793 
Amortization expense(189,200)(3,052)(192,252)
Balance, end of period$2,342,486 $24,738 $2,367,224