FAIR VALUE MEASUREMENTS - Changes in Level III Assets (Details) - Level III - USD ($) $ in Thousands |
3 Months Ended |
Mar. 31, 2023 |
Mar. 31, 2022 |
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation |
|
|
Balance, Beg. of Period |
$ 70,824,615
|
$ 58,050,471
|
Transfers In / (Out) - Changes in Consolidation |
0
|
0
|
Transfers In |
194,293
|
441,645
|
Transfers Out |
(56,255)
|
(191,372)
|
Net Purchases/Issuances/Sales/Settlements |
3,908,599
|
4,337,511
|
Net Unrealized and Realized Gains (Losses) |
(403,262)
|
767,691
|
Change in OCI |
61,684
|
(89,239)
|
Balance, End of Period |
74,529,674
|
63,316,707
|
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date |
(427,823)
|
824,636
|
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date |
$ 52,148
|
$ (68,195)
|
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Liability, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Comprehensive Income (Loss)
|
|
Fair Value, Recurring Basis, Unobservable Input Reconciliation Asset, Gain (Loss) Statement Of Income Extensible List Not Disclosed |
|
Net Unrealized and Realized Gains (Losses)
|
Fair Value Liabilities, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement Of Income, Extensible List Not Disclosed Flag |
|
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date
|
Asset Management |
|
|
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation |
|
|
Balance, Beg. of Period |
$ 53,096,881
|
$ 44,793,124
|
Transfers In / (Out) - Changes in Consolidation |
0
|
0
|
Transfers In |
17,628
|
0
|
Transfers Out |
(46,134)
|
(138,220)
|
Net Purchases/Issuances/Sales/Settlements |
3,743,848
|
1,270,800
|
Net Unrealized and Realized Gains (Losses) |
(432,153)
|
802,192
|
Change in OCI |
0
|
(1,369)
|
Balance, End of Period |
56,380,070
|
46,726,527
|
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date |
(443,448)
|
726,844
|
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date |
0
|
(1,369)
|
Insurance |
|
|
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation |
|
|
Balance, Beg. of Period |
17,727,734
|
13,257,347
|
Transfers In / (Out) - Changes in Consolidation |
0
|
0
|
Transfers In |
176,665
|
441,645
|
Transfers Out |
(10,121)
|
(53,152)
|
Net Purchases/Issuances/Sales/Settlements |
164,751
|
3,066,711
|
Net Unrealized and Realized Gains (Losses) |
28,891
|
(34,501)
|
Change in OCI |
61,684
|
(87,870)
|
Balance, End of Period |
18,149,604
|
16,590,180
|
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date |
15,625
|
97,792
|
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date |
52,148
|
(66,826)
|
AFS fixed maturity securities | Insurance |
|
|
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation |
|
|
Balance, Beg. of Period |
9,730,098
|
8,479,061
|
Transfers In / (Out) - Changes in Consolidation |
0
|
0
|
Transfers In |
170,775
|
343,338
|
Transfers Out |
(3,374)
|
0
|
Net Purchases/Issuances/Sales/Settlements |
88,899
|
620,339
|
Net Unrealized and Realized Gains (Losses) |
17,126
|
(2,134)
|
Change in OCI |
61,684
|
(87,870)
|
Balance, End of Period |
10,065,208
|
9,352,734
|
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date |
0
|
0
|
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date |
52,148
|
(66,826)
|
AFS fixed maturity securities | AFS corporate securities | Insurance |
|
|
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation |
|
|
Balance, Beg. of Period |
8,310,657
|
7,650,660
|
Transfers In / (Out) - Changes in Consolidation |
0
|
0
|
Transfers In |
0
|
0
|
Transfers Out |
0
|
0
|
Net Purchases/Issuances/Sales/Settlements |
(66,084)
|
391,605
|
Net Unrealized and Realized Gains (Losses) |
21,265
|
1,275
|
Change in OCI |
28,585
|
(73,345)
|
Balance, End of Period |
8,294,423
|
7,970,195
|
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date |
0
|
0
|
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date |
19,326
|
(46,123)
|
AFS fixed maturity securities | Structured securities | Insurance |
|
|
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation |
|
|
Balance, Beg. of Period |
1,419,441
|
828,401
|
Transfers In / (Out) - Changes in Consolidation |
0
|
0
|
Transfers In |
170,775
|
343,338
|
Transfers Out |
(3,374)
|
0
|
Net Purchases/Issuances/Sales/Settlements |
154,983
|
228,734
|
Net Unrealized and Realized Gains (Losses) |
(4,139)
|
(3,409)
|
Change in OCI |
33,099
|
(14,525)
|
Balance, End of Period |
1,770,785
|
1,382,539
|
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date |
0
|
0
|
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date |
32,822
|
(20,703)
|
Trading Fixed Maturity Securities | Insurance |
|
|
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation |
|
|
Balance, Beg. of Period |
1,315,834
|
983,799
|
Transfers In / (Out) - Changes in Consolidation |
0
|
0
|
Transfers In |
5,890
|
98,307
|
Transfers Out |
(6,747)
|
(53,152)
|
Net Purchases/Issuances/Sales/Settlements |
(13,876)
|
326,635
|
Net Unrealized and Realized Gains (Losses) |
(7,666)
|
(19,325)
|
Change in OCI |
0
|
0
|
Balance, End of Period |
1,293,435
|
1,336,264
|
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date |
(5,781)
|
(21,528)
|
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date |
0
|
0
|
Trading Fixed Maturity Securities | AFS corporate securities | Insurance |
|
|
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation |
|
|
Balance, Beg. of Period |
672,023
|
565,025
|
Transfers In / (Out) - Changes in Consolidation |
0
|
0
|
Transfers In |
0
|
0
|
Transfers Out |
0
|
(31,407)
|
Net Purchases/Issuances/Sales/Settlements |
(27,893)
|
182,432
|
Net Unrealized and Realized Gains (Losses) |
(12,260)
|
(10,365)
|
Change in OCI |
0
|
0
|
Balance, End of Period |
631,870
|
705,685
|
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date |
(11,841)
|
(11,116)
|
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date |
0
|
0
|
Trading Fixed Maturity Securities | Structured securities | Insurance |
|
|
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation |
|
|
Balance, Beg. of Period |
643,811
|
418,774
|
Transfers In / (Out) - Changes in Consolidation |
0
|
0
|
Transfers In |
5,890
|
98,307
|
Transfers Out |
(6,747)
|
(21,745)
|
Net Purchases/Issuances/Sales/Settlements |
14,017
|
144,203
|
Net Unrealized and Realized Gains (Losses) |
4,594
|
(8,960)
|
Change in OCI |
0
|
0
|
Balance, End of Period |
661,565
|
630,579
|
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date |
6,060
|
(10,412)
|
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date |
0
|
0
|
Equity securities at fair value | Insurance |
|
|
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation |
|
|
Balance, Beg. of Period |
16,286
|
32,937
|
Transfers In / (Out) - Changes in Consolidation |
0
|
0
|
Transfers In |
0
|
0
|
Transfers Out |
0
|
0
|
Net Purchases/Issuances/Sales/Settlements |
0
|
0
|
Net Unrealized and Realized Gains (Losses) |
(975)
|
0
|
Change in OCI |
0
|
0
|
Balance, End of Period |
15,311
|
32,937
|
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date |
(975)
|
20,292
|
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date |
0
|
0
|
Mortgage and other loan receivables | Insurance |
|
|
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation |
|
|
Balance, Beg. of Period |
787,515
|
832,674
|
Transfers In / (Out) - Changes in Consolidation |
0
|
0
|
Transfers In |
0
|
0
|
Transfers Out |
0
|
0
|
Net Purchases/Issuances/Sales/Settlements |
(10,560)
|
203,197
|
Net Unrealized and Realized Gains (Losses) |
(3,038)
|
(27,965)
|
Change in OCI |
0
|
0
|
Balance, End of Period |
773,917
|
1,007,906
|
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date |
(2,165)
|
(9,559)
|
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date |
0
|
0
|
Other investments | Insurance |
|
|
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation |
|
|
Balance, Beg. of Period |
4,883,441
|
1,603,345
|
Transfers In / (Out) - Changes in Consolidation |
0
|
0
|
Transfers In |
0
|
0
|
Transfers Out |
0
|
0
|
Net Purchases/Issuances/Sales/Settlements |
110,942
|
1,920,480
|
Net Unrealized and Realized Gains (Losses) |
14,730
|
96,361
|
Change in OCI |
0
|
0
|
Balance, End of Period |
5,009,113
|
3,620,186
|
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date |
24,546
|
108,587
|
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date |
0
|
0
|
Income assumed from funds withheld receivable at interest | Insurance |
|
|
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation |
|
|
Balance, Beg. of Period |
12,785
|
31,740
|
Transfers In / (Out) - Changes in Consolidation |
0
|
0
|
Transfers In |
0
|
0
|
Transfers Out |
0
|
0
|
Net Purchases/Issuances/Sales/Settlements |
0
|
10,435
|
Net Unrealized and Realized Gains (Losses) |
(30,767)
|
(33,979)
|
Change in OCI |
0
|
0
|
Balance, End of Period |
(17,982)
|
8,196
|
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date |
0
|
0
|
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date |
0
|
0
|
Reinsurance recoverable | Insurance |
|
|
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation |
|
|
Balance, Beg. of Period |
981,775
|
1,293,791
|
Transfers In / (Out) - Changes in Consolidation |
0
|
0
|
Transfers In |
0
|
0
|
Transfers Out |
0
|
0
|
Net Purchases/Issuances/Sales/Settlements |
(10,654)
|
(14,375)
|
Net Unrealized and Realized Gains (Losses) |
39,481
|
(47,459)
|
Change in OCI |
0
|
0
|
Balance, End of Period |
1,010,602
|
1,231,957
|
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date |
0
|
0
|
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date |
0
|
0
|
Private Equity | Investments | Asset Management |
|
|
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation |
|
|
Balance, Beg. of Period |
25,336,957
|
23,322,634
|
Transfers In / (Out) - Changes in Consolidation |
0
|
0
|
Transfers In |
0
|
0
|
Transfers Out |
0
|
(138,220)
|
Net Purchases/Issuances/Sales/Settlements |
933,427
|
680,792
|
Net Unrealized and Realized Gains (Losses) |
(80,883)
|
133,810
|
Change in OCI |
0
|
0
|
Balance, End of Period |
26,189,501
|
23,999,016
|
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date |
(82,903)
|
18,304
|
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date |
0
|
0
|
Credit | Investments | Asset Management |
|
|
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation |
|
|
Balance, Beg. of Period |
5,786,026
|
5,826,661
|
Transfers In / (Out) - Changes in Consolidation |
0
|
0
|
Transfers In |
17,628
|
0
|
Transfers Out |
(23,758)
|
0
|
Net Purchases/Issuances/Sales/Settlements |
76,332
|
(383,841)
|
Net Unrealized and Realized Gains (Losses) |
46,350
|
(126,598)
|
Change in OCI |
0
|
(1,369)
|
Balance, End of Period |
5,902,578
|
5,314,853
|
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date |
44,069
|
(58,683)
|
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date |
0
|
(1,369)
|
Real Assets | Investments | Asset Management |
|
|
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation |
|
|
Balance, Beg. of Period |
17,015,112
|
11,389,530
|
Transfers In / (Out) - Changes in Consolidation |
0
|
0
|
Transfers In |
0
|
0
|
Transfers Out |
0
|
0
|
Net Purchases/Issuances/Sales/Settlements |
2,215,040
|
1,008,641
|
Net Unrealized and Realized Gains (Losses) |
(283,301)
|
893,952
|
Change in OCI |
0
|
0
|
Balance, End of Period |
18,946,851
|
13,292,123
|
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date |
(288,639)
|
864,586
|
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date |
0
|
0
|
Equity Method - Other | Investments | Asset Management |
|
|
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation |
|
|
Balance, Beg. of Period |
1,624,420
|
1,013,807
|
Transfers In / (Out) - Changes in Consolidation |
0
|
0
|
Transfers In |
0
|
0
|
Transfers Out |
0
|
0
|
Net Purchases/Issuances/Sales/Settlements |
5,644
|
40,182
|
Net Unrealized and Realized Gains (Losses) |
(27,370)
|
(69,085)
|
Change in OCI |
0
|
0
|
Balance, End of Period |
1,602,694
|
984,904
|
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date |
(23,357)
|
(71,310)
|
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date |
0
|
0
|
Other Investments | Investments | Asset Management |
|
|
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation |
|
|
Balance, Beg. of Period |
3,334,366
|
3,240,013
|
Transfers In / (Out) - Changes in Consolidation |
0
|
0
|
Transfers In |
0
|
0
|
Transfers Out |
(22,376)
|
0
|
Net Purchases/Issuances/Sales/Settlements |
511,252
|
(86,258)
|
Net Unrealized and Realized Gains (Losses) |
(84,796)
|
(18,829)
|
Change in OCI |
0
|
0
|
Balance, End of Period |
3,738,446
|
3,134,926
|
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date |
(92,618)
|
(14,995)
|
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date |
0
|
0
|
Other Derivatives | Investments | Asset Management |
|
|
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation |
|
|
Balance, Beg. of Period |
0
|
479
|
Transfers In / (Out) - Changes in Consolidation |
0
|
0
|
Transfers In |
0
|
0
|
Transfers Out |
0
|
0
|
Net Purchases/Issuances/Sales/Settlements |
2,153
|
11,284
|
Net Unrealized and Realized Gains (Losses) |
(2,153)
|
(11,058)
|
Change in OCI |
0
|
0
|
Balance, End of Period |
0
|
705
|
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date |
0
|
(11,058)
|
Changes in Net Unrealized Gains (Losses) Included in OCI related to Level III Assets and Liabilities still held as of the Reporting Date |
$ 0
|
$ 0
|