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POLICY LIABILITIES - Balances of and Changes in Liability for Future Policy Benefits (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Dec. 31, 2021
Feb. 01, 2021
Present value of expected net premiums          
Balance as of beginning of the period $ (255,401) $ (329,716)      
Balance at original discount rate (303,610) (334,780)      
Effect of changes in cash flow assumptions     $ 0 $ 0  
Effect of actual variances from expected experience     992 5,148  
Adjusted beginning of period balance     (302,618) (329,632)  
Interest (1,206) (1,180)      
Net premiums collected 8,283 9,815      
Ending balance at original discount rate (295,541) (320,997)      
Effect of changes in discount rate assumptions 43,489 20,194      
Balance as of the end of the period (252,052) (300,803)      
Present value of expected future policy benefits          
Less: reinsurance recoverable         $ (15,828,738)
Liability for future policy benefit, reinsurance recoverable, after allowance, net of discount rate assumptions 237,100 (814,300)      
Payout Annuity And Long-Duration Insurance, Other          
Present value of expected future policy benefits          
Balance as of beginning of the period 14,701,321 17,186,303      
Balance at original discount rate 17,987,181 17,338,775      
Effect of changes in cash flow assumptions     0 0  
Effect of actual variances from expected experience     (4,238) (4,339)  
Adjusted beginning of period balance     17,982,943 17,334,436  
Issuances 559,436 335,337      
Interest 96,121 75,842      
Benefit payments (415,287) (404,744)      
De-recognition (lapses and withdrawals) 0 (2,267)      
Ending balance at original discount rate 18,223,213 17,338,604      
Effect of changes in discount rate assumptions (2,836,699) (1,617,492)      
Balance as of the end of the period 15,386,514 15,721,112      
Total policy liabilities 15,134,462 15,420,309      
Less: reinsurance recoverable (7,634,820) (7,911,474)      
Policy liabilities(3) (including market risk benefits) 7,499,642 7,508,835      
Payout annuities          
Present value of expected net premiums          
Balance as of beginning of the period 0 0      
Balance at original discount rate 0 0      
Effect of changes in cash flow assumptions     0 0  
Effect of actual variances from expected experience     0 0  
Adjusted beginning of period balance     0 0  
Interest 0 0      
Net premiums collected 0 0      
Ending balance at original discount rate 0 0      
Effect of changes in discount rate assumptions 0 0      
Balance as of the end of the period 0 0      
Present value of expected future policy benefits          
Balance as of beginning of the period 14,021,514 16,302,904      
Balance at original discount rate 17,180,626 16,443,480      
Effect of changes in cash flow assumptions     0 0  
Effect of actual variances from expected experience     (7,777) (606)  
Adjusted beginning of period balance     17,172,849 16,442,874  
Issuances 559,421 332,874      
Interest 93,654 71,690      
Benefit payments (389,426) (376,446)      
De-recognition (lapses and withdrawals) 0 0      
Ending balance at original discount rate 17,436,498 16,470,992      
Effect of changes in discount rate assumptions (2,721,312) (1,564,311)      
Balance as of the end of the period 14,715,186 14,906,681      
Total policy liabilities 14,715,186 14,906,681      
Less: reinsurance recoverable (7,636,570) (7,906,865)     (7,175,906)
Policy liabilities(3) (including market risk benefits) 7,078,616 6,999,816      
Other          
Present value of expected net premiums          
Balance as of beginning of the period (255,401) (329,716)      
Balance at original discount rate (303,610) (334,780)      
Effect of changes in cash flow assumptions     0 0  
Effect of actual variances from expected experience     992 5,148  
Adjusted beginning of period balance     (302,618) (329,632)  
Interest (1,206) (1,180)      
Net premiums collected 8,283 9,815      
Ending balance at original discount rate (295,541) (320,997)      
Effect of changes in discount rate assumptions 43,489 20,194      
Balance as of the end of the period (252,052) (300,803)      
Present value of expected future policy benefits          
Balance as of beginning of the period 679,807 883,399      
Balance at original discount rate 806,555 895,295      
Effect of changes in cash flow assumptions     0 0  
Effect of actual variances from expected experience     3,539 (3,733)  
Adjusted beginning of period balance     $ 810,094 $ 891,562  
Issuances 15 2,463      
Interest 2,467 4,152      
Benefit payments (25,861) (28,298)      
De-recognition (lapses and withdrawals) 0 (2,267)      
Ending balance at original discount rate 786,715 867,612      
Effect of changes in discount rate assumptions (115,387) (53,181)      
Balance as of the end of the period 671,328 814,431      
Total policy liabilities 419,276 513,628      
Less: reinsurance recoverable 1,750 (4,609)     $ (4,164,982)
Policy liabilities(3) (including market risk benefits) $ 421,026 $ 509,019