XML 56 R45.htm IDEA: XBRL DOCUMENT v3.21.1
Fair Value of Assets and Liabilities (Quantitative Info for Level 3 Inputs) (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Corporate securities $ 283,560 $ 279,096
Policyholders’ account balances 10,958,077 9,181,459
Fair Value, Measurements, Recurring    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Future policy benefits 10,511,815 17,314,004
Policyholders’ account balances $ 986,479 580,184
Level 3 | Minimum        
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Fair Value Inputs, Policyholder Age 45 years  
Level 3 | Minimum     | Future policy benefits    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Mortality rate 0.00%  
Level 3 | Maximum        
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Fair Value Inputs, Policyholder Age 90 years  
Level 3 | Fair Value, Measurements, Recurring    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Future policy benefits $ 10,511,815 17,314,004
Policyholders’ account balances $ 986,479 $ 580,184
Level 3 | Internal | Minimum     | Discounted cash flow | Future policy benefits    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Lapse rate 1.00% 1.00%
Spread over LIBOR 0.09% 0.06%
Utilization rate 39.00% 39.00%
Withdrawal rate (greater than maximum range) 76.00% 76.00%
Mortality rate 0.00% 0.00%
Equity volatility curve 17.00% 18.00%
Level 3 | Internal | Minimum     | Discounted cash flow | Policyholders' account balances    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Lapse rate 1.00% 1.00%
Spread over LIBOR 0.09% 0.06%
Equity volatility curve 6.00% 6.00%
Level 3 | Internal | Minimum     | Discounted cash flow | Corporate securities    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Discount rate 1.37% 0.99%
Level 3 | Internal | Minimum     | Valuation, Cost Approach | Corporate securities    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Liquidation value 71.23%  
Level 3 | Internal | Maximum     | Discounted cash flow | Future policy benefits    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Lapse rate 20.00% 20.00%
Spread over LIBOR 1.14% 1.17%
Utilization rate 96.00% 96.00%
Withdrawal rate (greater than maximum range) 100.00% 100.00%
Mortality rate 15.00% 15.00%
Equity volatility curve 25.00% 26.00%
Level 3 | Internal | Maximum     | Discounted cash flow | Policyholders' account balances    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Lapse rate 42.00% 40.00%
Spread over LIBOR 1.14% 1.17%
Equity volatility curve 42.00% 42.00%
Level 3 | Internal | Maximum     | Discounted cash flow | Corporate securities    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Discount rate 20.25% 20.00%
Level 3 | Internal | Maximum     | Valuation, Cost Approach | Corporate securities    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Liquidation value 71.23%  
Level 3 | Internal | Weighted Average | Discounted cash flow | Corporate securities    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Discount rate 6.60% 6.53%
Level 3 | Internal | Weighted Average | Valuation, Cost Approach | Corporate securities    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Liquidation value 71.23%  
Level 3 | Internal | Fair Value, Measurements, Recurring | Future policy benefits    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Future policy benefits $ 10,511,815 $ 17,314,004
Level 3 | Internal | Fair Value, Measurements, Recurring | Policyholders' account balances    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Policyholders’ account balances 986,479 580,184
Level 3 | Internal | Fair Value, Measurements, Recurring | Corporate securities    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Corporate securities 99,645 59,960
Level 3 | Internal | Fair Value, Measurements, Recurring | Reinsurance recoverables    
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]    
Reinsurance recoverables $ 271,390 $ 409,013