XML 22 R5.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net income $ 177,004 $ 199,618 $ 341,365 $ 378,135
Unrealized gains (losses) on fixed maturities:        
Unrealized gains (losses) (2,018,116) 906,911 (4,314,784) (369,848)
Less applicable tax (expense) benefit 423,810 (190,452) 906,109 77,667
Unrealized gains (losses) on investments, net of tax (1,594,306) 716,459 (3,408,675) (292,181)
Deferred acquisition costs:        
Unrealized gains (losses) attributable to deferred acquisition costs 6,079 408 6,455 767
Less applicable tax (expense) benefit (1,276) (86) (1,355) (161)
Unrealized gains (losses) attributable to deferred acquisition costs, net of tax 4,803 322 5,100 606
Foreign exchange translation:        
Foreign exchange translation adjustments, other than securities (17,979) 6,173 (13,841) 5,563
Less applicable tax (expense) benefit 3,776 (1,296) 2,907 (1,168)
Foreign exchange translation adjustments, other than securities, net of tax (14,203) 4,877 (10,934) 4,395
Pension:        
Pension adjustments 3,441 5,200 6,878 10,400
Less applicable tax (expense) benefit (723) (1,094) (1,445) (2,185)
Pension adjustments, net of tax 2,718 4,106 5,433 8,215
Other comprehensive income (loss) (1,600,988) 725,764 (3,409,076) (278,965)
Comprehensive income (loss) (1,423,984) 925,382 (3,067,711) 99,170
Securities        
Unrealized gains (losses) on fixed maturities:        
Unrealized holding gains (losses) arising during period (2,042,210) 904,048 (4,335,132) (358,011)
Other reclassification adjustments included in net income 22,259 645 18,229 (16,497)
Foreign exchange adjustment on fixed maturities recorded at fair value $ 1,835 $ 2,218 $ 2,119 $ 4,660