XML 94 R84.htm IDEA: XBRL DOCUMENT v3.23.2
Future Policy Benefits - Schedule of Balances and Changes in Present Value of Expected Net Premiums and Present Value of Expected Future Policy Benefits Underlying LFPB (Details) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jan. 01, 2021
Jun. 30, 2023
Dec. 31, 2022
Present Value of Expected Net Premiums      
Balance at current discount rate, beginning of period, Present value of expected net premiums $ 10,867,358 $ 13,053,386 $ 14,988,852
Balance at original discount rate, beginning of period, Present value of expected net premium 10,730,246 13,521,221 12,800,441
Effect of changes in cash flow assumptions, Present value of expected net premiums     26,090
Effect of actual variances from expected experience, Present value of expected net premiums   (132,847) 8,653
Adjusted balance, beginning of period   13,388,374 12,835,184
Issuances, Present value of expected net premiums   963,446 1,892,716
Interest accrual at Original discount rate, Present value of expected net premiums   274,883 486,436
Net premiums collected, Present value of expected net premiums (137,112) (836,033) (1,623,000)
Foreign currency translation, Present value of expected net premiums   23,886 (70,115)
Expected net premiums at original discount rate, end of period   13,814,556 13,521,221
Effect of changes in discount rate assumptions, Present value of expected net premiums 2,774,082 (357,659) (467,835)
Balance at current discount rate, end of period, Present value of expected net premiums 13,504,328 13,456,897 13,053,386
Present Value of Expected Future Policy Benefits      
Balance at current discount rate, beginning of period, Present value of expected future policy benefits   19,143,253 23,309,576
Balance at original discount rate, beginning of period 23,070,194 20,100,552 19,706,818
Balance at original discount rate, beginning of period, Present value of expected future policy benefits 17,445,700 19,706,818 18,991,175
Effect of changes in cash flow assumptions, Present value of expected future policy benefits   0 29,915
Effect of actual variances from expected experience, Present value of expected future policy benefits   (127,721) 21,101
Adjusted balance, beginning of period, Present value of expected future policy benefits   19,579,097 19,042,191
Issuances, Present value of expected future policy benefits   963,493 1,892,730
Interest accrual at Original discount rate, Present value of expected future policy benefits   428,668 796,017
Benefit payments, Present value of expected future policy benefits   0 (1,915,518)
Foreign currency translation, Present value of expected future policy benefits   (37,051) (108,602)
Expected future policy benefits at original discount rate, end of period, Present value of expected future policy benefits 23,070,194 20,100,552 19,706,818
Effect of changes in discount rate assumptions, Present value of expected future policy benefits $ 5,624,494 (360,882) (563,565)
Expected future policy benefits at current discount rate, end of period, Present value of expected future policy benefits   19,739,670 19,143,253
LFPB   6,491,564 6,297,906
Less: reinsurance recoverables   3,063,938 3,186,264
Net LFPB, after reinsurance recoverables   $ 3,218,835 $ 2,903,603
Weighted-average duration of net LFPB   7 years 9 months 18 days 7 years 9 months 18 days
Term Life      
Present Value of Expected Future Policy Benefits      
LFPB   $ 6,282,773 $ 6,089,867