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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net income $ 739,704 $ 744,959 $ 731,773
Unrealized gains (losses) on fixed maturities:      
unrealized investment gains (losses) (5,298,692) (519,345) 1,510,033
Less applicable tax (expense) benefit 1,112,730 109,063 (317,111)
Unrealized gains (losses) on investments, net of tax (4,185,962) (410,282) 1,192,922
Deferred acquisition costs:      
Unrealized gains (losses) attributable to deferred acquisition costs 9,707 1,628 1,533
Less applicable tax (expense) benefit (2,039) (342) (321)
Unrealized gains (losses) attributable to deferred acquisition costs, net of tax 7,668 1,286 1,212
Foreign exchange translation:      
Foreign exchange translation adjustments, other than securities (25,219) (4,955) 14,230
Less applicable tax (expense) benefit 5,296 1,040 (2,986)
Foreign exchange translation adjustments, other than securities, net of tax (19,923) (3,915) 11,244
Pension:      
Amortization of pension costs 13,754 20,797 16,632
Plan amendments 0 (4,565) 0
Experience gain (loss) 119,055 61,299 (43,169)
Pension adjustments 132,809 77,531 (26,537)
Less applicable tax (expense) benefit (27,889) (16,281) 5,573
Pension adjustments, net of tax 104,920 61,250 (20,964)
Other comprehensive income (loss) (4,093,297) (351,661) 1,184,414
Comprehensive income (loss) (3,353,593) 393,298 1,916,187
Securities      
Unrealized gains (losses) on fixed maturities:      
Unrealized holding gains (losses) arising during period (5,332,818) (492,267) 1,493,200
Other reclassification adjustments included in net income 32,377 (31,710) 32,809
Foreign exchange adjustment on fixed maturities recorded at fair value 1,749 4,632 2,330
unrealized investment gains (losses) (5,298,692) (519,345) 1,528,339
Other investments      
Unrealized gains (losses) on fixed maturities:      
unrealized investment gains (losses) $ 0 $ 0 $ (18,306)