XML 55 R44.htm IDEA: XBRL DOCUMENT v3.21.1
Fair Value of Assets and Liabilities (Balances of Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale $ 11,525,964 $ 18,584,685
Fixed maturities trading 3,546,185 1,114,142
Equity securities 276,886 288,082
Short-term investments 13,393 318,161
Other invested assets 710,252 818,810
Other Assets 583,922 767,540
Reinsurance recoverables 543,849 694,040
Receivables from parent and affiliates 88,712 87,620
Separate account assets 32,146,468 32,205,296
TOTAL ASSETS 59,344,899 64,275,106
Policyholders’ account balances 10,958,077 9,181,459
Payables to parent and affiliates 243,276 47,345
Other Liabilities 718,495 980,692
Total Liabilities 56,358,836 61,573,961
Future policy benefits    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Embedded Derivative, Fair Value of Embedded Derivative, Net Liability 10,512,000 17,314,000
Embedded Derivative, Fair Value of Embedded Derivative Gross Asset 746,000 455,000
Embedded Derivative, Fair Value of Embedded Derivative Gross Liability 11,258,000 17,769,000
Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 11,525,964 18,584,685
Fixed maturities trading 3,546,185 1,114,142
Equity securities 266,886 278,082
Short-term investments 13,393 153,161
Cash equivalents 1,070,802 533,133
Other invested assets 80,153 194,251
Other Assets 63,072 53,980
Reinsurance recoverables 332,189 471,245
Receivables from parent and affiliates 54,147 56,026
Subtotal excluding separate account assets 16,952,791 21,438,705
Separate account assets 32,146,468 32,205,296
TOTAL ASSETS 49,099,259 53,644,001
Future policy benefits 10,511,815 17,314,004
Policyholders’ account balances 986,479 580,184
Payables to parent and affiliates 203,202 0
Other Liabilities 25,795 50,202
Total Liabilities 11,727,291 17,944,390
Assets Netting (7,346,312) (14,624,985)
Liabilities Netting (14,099,180) (11,936,059)
Netting 6,753,000 (2,689,000)
Fair Value, Measurements, Recurring | Other invested assets    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets Netting (7,346,312) (14,624,985)
Fair Value, Measurements, Recurring | Payables to parent and affiliates    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Liabilities Netting (14,079,986) (11,926,536)
Fair Value, Measurements, Recurring | Other liabilities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Liabilities Netting (19,194) (9,523)
Fair Value, Measurements, Recurring | U.S. Treasury securities and obligations of U.S. government authorities and agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 935,554 8,902,432
Fair Value, Measurements, Recurring | Obligations of U.S. states and their political subdivisions    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 312,329 277,491
Fair Value, Measurements, Recurring | Foreign government    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 187,325 177,383
Fair Value, Measurements, Recurring | U.S. corporate public securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 3,881,029 3,450,407
Fair Value, Measurements, Recurring | U.S. corporate private securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 1,839,988 1,887,063
Fair Value, Measurements, Recurring | Foreign corporate public securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 906,625 541,825
Fair Value, Measurements, Recurring | Foreign corporate private securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 1,548,392 1,493,835
Fair Value, Measurements, Recurring | Asset-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 984,988 992,583
Fair Value, Measurements, Recurring | Commercial mortgage-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 859,942 785,942
Fair Value, Measurements, Recurring | Residential mortgage-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 69,792 75,724
Fair Value, Measurements, Recurring | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fixed maturities trading 0 0
Equity securities 220,575 234,452
Short-term investments 0 0
Cash equivalents 94,999 0
Other invested assets 83,490 39,906
Other Assets 0 0
Reinsurance recoverables 0 0
Receivables from parent and affiliates 0 0
Subtotal excluding separate account assets 399,064 274,358
Separate account assets 0 0
TOTAL ASSETS 399,064 274,358
Future policy benefits 0 0
Policyholders’ account balances 0 0
Payables to parent and affiliates 0 0
Other Liabilities 23,827 26,309
Total Liabilities 23,827 26,309
Fair Value, Measurements, Recurring | Level 1 | U.S. Treasury securities and obligations of U.S. government authorities and agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 1 | Obligations of U.S. states and their political subdivisions    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 1 | Foreign government    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 1 | U.S. corporate public securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 1 | U.S. corporate private securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 1 | Foreign corporate public securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 1 | Foreign corporate private securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 1 | Asset-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 1 | Commercial mortgage-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 1 | Residential mortgage-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 11,328,098 18,402,456
Fixed maturities trading 3,541,058 1,109,097
Equity securities 42,145 39,477
Short-term investments 1,044 143,161
Cash equivalents 975,703 533,133
Other invested assets 7,342,975 14,779,330
Other Assets 0 0
Reinsurance recoverables 60,799 62,232
Receivables from parent and affiliates 54,147 56,026
Subtotal excluding separate account assets 23,345,969 35,124,912
Separate account assets 32,146,468 32,205,296
TOTAL ASSETS 55,492,437 67,330,208
Future policy benefits 0 0
Policyholders’ account balances 0 0
Payables to parent and affiliates 14,283,188 11,926,536
Other Liabilities 21,162 33,416
Total Liabilities 14,304,350 11,959,952
Fair Value, Measurements, Recurring | Level 2 | U.S. Treasury securities and obligations of U.S. government authorities and agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 920,554 8,887,432
Fair Value, Measurements, Recurring | Level 2 | Obligations of U.S. states and their political subdivisions    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 312,329 277,491
Fair Value, Measurements, Recurring | Level 2 | Foreign government    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 187,325 177,383
Fair Value, Measurements, Recurring | Level 2 | U.S. corporate public securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 3,881,029 3,450,407
Fair Value, Measurements, Recurring | Level 2 | U.S. corporate private securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 1,754,631 1,804,855
Fair Value, Measurements, Recurring | Level 2 | Foreign corporate public securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 906,422 541,644
Fair Value, Measurements, Recurring | Level 2 | Foreign corporate private securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 1,468,042 1,427,537
Fair Value, Measurements, Recurring | Level 2 | Asset-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 968,032 974,041
Fair Value, Measurements, Recurring | Level 2 | Commercial mortgage-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 859,942 785,942
Fair Value, Measurements, Recurring | Level 2 | Residential mortgage-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 69,792 75,724
Fair Value, Measurements, Recurring | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 197,866 182,229
Fixed maturities trading 5,127 5,045
Equity securities 4,166 4,153
Short-term investments 12,349 10,000
Cash equivalents 100 0
Other invested assets 0 0
Other Assets 63,072 53,980
Reinsurance recoverables 271,390 409,013
Receivables from parent and affiliates 0 0
Subtotal excluding separate account assets 554,070 664,420
Separate account assets 0 0
TOTAL ASSETS 554,070 664,420
Future policy benefits 10,511,815 17,314,004
Policyholders’ account balances 986,479 580,184
Payables to parent and affiliates 0 0
Other Liabilities 0 0
Total Liabilities 11,498,294 17,894,188
Fair Value, Measurements, Recurring | Level 3 | U.S. Treasury securities and obligations of U.S. government authorities and agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 15,000 15,000
Fair Value, Measurements, Recurring | Level 3 | Obligations of U.S. states and their political subdivisions    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 3 | Foreign government    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 3 | U.S. corporate public securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 3 | U.S. corporate private securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 85,357 82,208
Fair Value, Measurements, Recurring | Level 3 | Foreign corporate public securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 203 181
Fair Value, Measurements, Recurring | Level 3 | Foreign corporate private securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 80,350 66,298
Fair Value, Measurements, Recurring | Level 3 | Asset-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 16,956 18,542
Fair Value, Measurements, Recurring | Level 3 | Commercial mortgage-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 3 | Residential mortgage-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Other invested assets    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value investment measured at NAV per share $ 10,100 $ 10,600