REINSURANCE - Effects of Reinsurance Agreements (Details) - USD ($) $ in Thousands |
Mar. 31, 2022 |
Dec. 31, 2021 |
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Policy liabilities: | ||
Direct | $ 68,444,765 | $ 67,131,818 |
Assumed | 62,631,922 | 59,388,226 |
Total policy liabilities | 131,076,687 | 126,520,044 |
Ceded | (24,625,159) | (25,035,228) |
Net policy liabilities | $ 106,451,528 | $ 101,484,816 |
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- Definition Liability For Future Policy Benefit, Before Reinsurance, Assumed No definition available.
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- Definition Liability For Future Policy Benefit, Before Reinsurance, Direct No definition available.
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- Definition Amount, before effect of reinsurance, of present value of future benefit to be paid to or on behalf of policyholder and related expense less present value of future net premium receivable under insurance contract. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of policy reserves (provided for future obligations including unpaid claims and claims adjustment expenses) and policy benefits (liability for future policy benefits) as of the balance sheet date; grouped amount of all the liabilities associated with the company's insurance policies. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The carrying amount as of the balance sheet date of the known and estimated amounts owed to insurers under reinsurance treaties or other arrangements. No definition available.
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