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Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The table below provides a summary of the gross notional amount and fair value of derivative contracts by the primary underlying risks, excluding embedded derivatives and associated reinsurance recoverables. Many derivative instruments contain multiple underlying risks. The fair value amounts below represent the value of derivative contracts prior to taking into account of the netting effects of master netting agreements and cash collateral.
 June 30, 2023December 31, 2022
Primary Underlying Risk/Instrument Type Fair Value Fair Value
Gross NotionalAssetsLiabilitiesGross NotionalAssetsLiabilities
 (in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Currency/Interest Rate
Interest Rate Swaps$6,172 $0 $(281)$3,225 $0 $(316)
Foreign Currency Swaps2,005,195 184,327 (21,003)1,933,343 233,812 (10,462)
Total Derivatives Designated as Hedge Accounting Instruments$2,011,367 $184,327 $(21,284)$1,936,568 $233,812 $(10,778)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate
Interest Rate Swaps$225,661,110 $6,500,268 $(17,340,905)$138,419,110 $6,757,890 $(17,092,749)
Interest Rate Options23,248,000 107,941 (693,225)8,368,000 123,168 (225,125)
Interest Rate Futures1,397,200 426 (7,675)2,425,500 3,267 (201)
Interest Rate Forwards1,104,000 4,668 (6,719)1,104,000 11,265 (12,359)
Foreign Currency
Foreign Currency Forwards730,882 4,847(3,563)364,946 590 (10,423)
Credit
Credit Default Swaps89,6311,9730 47,450 346 0 
Currency/Interest Rate
Foreign Currency Swaps2,345,911152,240(16,276)2,289,170 194,412 (14,624)
Equity
Total Return Swaps13,186,165 255,586 (464,354)15,958,130 120,341 (175,104)
Equity Options40,732,315 1,081,712 (1,212,176)25,187,516 239,003 (1,112,196)
Equity Futures742,686 4,639 (773)876,790 956 (513)
Total Derivatives Not Qualifying as Hedge Accounting Instruments$309,237,900 $8,114,300 $(19,745,666)$195,040,612 $7,451,238 $(18,643,294)
Total Derivatives(1)(2)$311,249,267 $8,298,627 $(19,766,950)$196,977,180 $7,685,050 $(18,654,072)

(1)Excludes embedded derivatives and associated reinsurance recoverables which contain multiple underlying risks. The fair value of these embedded derivatives was a net liability of $5,513 million and $3,502 million as of June 30, 2023 and December 31, 2022, respectively included in "Policyholders' account balances". Other assets included $218 million and $141 million as of June 30, 2023 and December 31, 2022, respectively. Other liabilities included $26 million and $10 million as of June 30, 2023 and December 31, 2022, respectively.
(2)Recorded in “Other invested assets” and “Payables to parent and affiliates” on the Unaudited Interim Consolidated Statements of Financial Position.
Offsetting Of Financial Assets
The following table presents recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements that are offset in the Unaudited Interim Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Unaudited Interim Consolidated Statements of Financial Position.

 June 30, 2023
 Gross
Amounts of
Recognized
Financial
Instruments		Gross
Amounts
Offset in the
Consolidated Statements of
Financial
Position		Net Amounts
Presented in
the Consolidated Statements
of Financial
Position		Financial
Instruments/
Collateral(1)		Net
Amount
 (in thousands)
Offsetting of Financial Assets:
Derivatives$8,298,627 $(8,201,896)$96,731 $0 $96,731 
Securities purchased under agreements to resell0 0 0 0 0 
Total Assets$8,298,627 $(8,201,896)$96,731 $0 $96,731 
Offsetting of Financial Liabilities:
Derivatives$19,766,950 $(17,405,225)$2,361,725 $(2,361,725)$0 
Securities sold under agreements to repurchase0 0 0 0 0 
Total Liabilities$19,766,950 $(17,405,225)$2,361,725 $(2,361,725)$0 

 December 31, 2022
 Gross
Amounts of
Recognized
Financial
Instruments		Gross
Amounts
Offset in the Consolidated
Statements of
Financial
Position		Net Amounts
Presented in
the Consolidated Statements
of Financial
Position		Financial
Instruments/
Collateral(1)		Net
Amount
 (in thousands)
Offsetting of Financial Assets:
Derivatives$7,685,050 $(7,637,939)$47,111 $0 $47,111 
Securities purchased under agreements to resell290,000 0 290,000 (290,000)0 
Total Assets$7,975,050 $(7,637,939)$337,111 $(290,000)$47,111 
Offsetting of Financial Liabilities:
Derivatives$18,654,072 $(16,568,912)$2,085,160 $(2,085,160)$0 
Securities sold under agreements to repurchase0 0 0 0 0 
Total Liabilities$18,654,072 $(16,568,912)$2,085,160 $(2,085,160)$0 
(1)Amounts exclude the excess of collateral received/pledged from/to the counterparty.
Offsetting Of Financial Liabilities
The following table presents recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements that are offset in the Unaudited Interim Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Unaudited Interim Consolidated Statements of Financial Position.

 June 30, 2023
 Gross
Amounts of
Recognized
Financial
Instruments		Gross
Amounts
Offset in the
Consolidated Statements of
Financial
Position		Net Amounts
Presented in
the Consolidated Statements
of Financial
Position		Financial
Instruments/
Collateral(1)		Net
Amount
 (in thousands)
Offsetting of Financial Assets:
Derivatives$8,298,627 $(8,201,896)$96,731 $0 $96,731 
Securities purchased under agreements to resell0 0 0 0 0 
Total Assets$8,298,627 $(8,201,896)$96,731 $0 $96,731 
Offsetting of Financial Liabilities:
Derivatives$19,766,950 $(17,405,225)$2,361,725 $(2,361,725)$0 
Securities sold under agreements to repurchase0 0 0 0 0 
Total Liabilities$19,766,950 $(17,405,225)$2,361,725 $(2,361,725)$0 

 December 31, 2022
 Gross
Amounts of
Recognized
Financial
Instruments		Gross
Amounts
Offset in the Consolidated
Statements of
Financial
Position		Net Amounts
Presented in
the Consolidated Statements
of Financial
Position		Financial
Instruments/
Collateral(1)		Net
Amount
 (in thousands)
Offsetting of Financial Assets:
Derivatives$7,685,050 $(7,637,939)$47,111 $0 $47,111 
Securities purchased under agreements to resell290,000 0 290,000 (290,000)0 
Total Assets$7,975,050 $(7,637,939)$337,111 $(290,000)$47,111 
Offsetting of Financial Liabilities:
Derivatives$18,654,072 $(16,568,912)$2,085,160 $(2,085,160)$0 
Securities sold under agreements to repurchase0 0 0 0 0 
Total Liabilities$18,654,072 $(16,568,912)$2,085,160 $(2,085,160)$0 
(1)Amounts exclude the excess of collateral received/pledged from/to the counterparty.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The following tables provide the financial statement classification and impact of derivatives used in qualifying and non-qualifying hedge relationships, excluding the offset of the hedged item in an effective hedge relationship.

 Three Months Ended June 30, 2023
 Realized
Investment
Gains (Losses)		Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss)Net
Investment
Income		Other
Income		Change in AOCI
 (in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Cash flow hedges
Interest Rate$1 $0 $(29)$0 $(43)
Currency/Interest Rate(1,944)0 10,974 (7,027)(18,636)
Total cash flow hedges(1,943)0 10,945 (7,027)(18,679)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate63,875 (915,225)0 0 0 
Currency(5,416)0 0 0 0 
Currency/Interest Rate(23,601)0 0 (54)0 
Credit1,392 0 0 0 0 
Equity947,017 (398,134)0 0 0 
Embedded Derivatives(980,724)0 0 0 0 
Total Derivatives Not Qualifying as Hedge Accounting Instruments2,543 (1,313,359)0 (54)0 
Total$600 $(1,313,359)$10,945 $(7,081)$(18,679)
 Six Months Ended June 30, 2023
 Realized
Investment
Gains (Losses)		Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss)Net
Investment
Income		Other
Income		Change in AOCI
 (in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Cash flow hedges
Interest Rate$1 $0 $(54)$0 $(2)
Currency/Interest Rate571 0 22,679 (17,453)(38,964)
Total cash flow hedges572 0 22,625 (17,453)(38,966)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate15,712 (707,165)0 0 0 
Currency(12,026)0 0 0 0 
Currency/Interest Rate(36,322)0 0 (200)0 
Credit2,326 0 0 0 0 
Equity1,143,892 (598,066)0 0 0 
Embedded Derivatives(1,228,711)0 0 0 0 
Total Derivatives Not Qualifying as Hedge Accounting Instruments(115,129)(1,305,231)0 (200)0 
Total$(114,557)$(1,305,231)$22,625 $(17,653)$(38,966)

 Three Months Ended June 30, 2022
 Realized
Investment
Gains (Losses) (1)		Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) (1)Net
Investment
Income		Other
Income		Change in AOCI
 (in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Cash flow hedges
Interest Rate$0 $0 $4 $0 $(64)
Currency/Interest Rate417 0 8,717 33,483 91,734 
Total cash flow hedges417 0 8,721 33,483 91,670 
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate238,950 (1,909,364)0 0 0 
Currency15,504 0 0 0 0 
Currency/Interest Rate114,645 0 0 290 0 
Credit(38,726)0 0 0 0 
Equity1,788 931,489 0 0 0 
Embedded Derivatives58,168 0 0 0 0 
Total Derivatives Not Qualifying as Hedge Accounting Instruments390,329 (977,875)0 290 0 
Total$390,746 $(977,875)$8,721 $33,773 $91,670 
 Six Months Ended June 30, 2022
 Realized
Investment
Gains (Losses) (1)		Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) (1)Net
Investment
Income		Other
Income		Change in AOCI
 (in thousands)
Derivatives Designated as Hedge Accounting Instruments:
Cash flow hedges
Interest Rate$1 $0 $16 $0 $(221)
Currency/Interest Rate(354)0 16,566 40,183 104,715 
Total cash flow hedges(353)0 16,582 40,183 104,494 
Derivatives Not Qualifying as Hedge Accounting Instruments:
Interest Rate483,192 (3,779,544)0 0 0 
Currency19,801 0 0 0 0 
Currency/Interest Rate112,937 0 0 0 0 
Credit(41,449)0 0 403 0 
Equity174,900 1,149,637 0 0 0 
Embedded Derivatives30,945 0 0 0 0 
Total Derivatives Not Qualifying as Hedge Accounting Instruments780,326 (2,629,907)0 403 0 
Total$779,973 $(2,629,907)$16,582 $40,586 $104,494 

(1)Amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.
Schedule of Derivative Instruments Recognized in Accumulated Other Comprehensive Income (Loss) Before Taxes
Presented below is a rollforward of current period cash flow hedges in AOCI before taxes:
 (in thousands)    
Balance, December 31, 2022$138,627 
Amount recorded in AOCI
Interest Rate(55)
Currency/Interest Rate(33,167)
Total amount recorded in AOCI(33,222)
Amount reclassified from AOCI to income
Interest Rate53 
Currency/Interest Rate(5,797)
Total amount reclassified from AOCI to income(5,744)
Balance, June 30, 2023$99,661