XML 67 R38.htm IDEA: XBRL DOCUMENT
v3.22.4

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS | 12 Months Ended
--- | ---
Dec. 31, 2022
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract] |
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS |
SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS
Valuation Allowance for Deferred Tax Assets
(in thousands)
Asset Management |  |  |  |  |  |  |
| Balance at Beginning of Period |  | Tax Valuation Allowance Charged to Income Tax Provision |  | Tax Valuation Allowance Credited to Balance Sheet |  | Balance at End of Period
Year Ended: |  |  |  |  |  |  |
December 31, 2020 | $ | — |  |  | $ | 23,082 |  | (1) | $ | — |  |  | $ | 23,082 |
December 31, 2021 | $ | 23,082 |  |  | $ | — |  |  | $ | — |  |  | $ | 23,082 |
December 31, 2022 | $ | 23,082 |  |  | $ | — |  |  | $ | 23,082 |  |  | $ | — |
(1) A valuation allowance was recorded for deferred tax assets related to foreign loss carryforwards that were not considered to be more likely than not realized prior to their expiration. These deferred taxes and associated valuation allowances were reversed in 2022 as a result of a deconsolidation transaction.
Insurance |  |  |  |  |  |  |
| Balance at Beginning of Period |  | Tax Valuation Allowance Charged to Balance Sheet |  | Tax Valuation Allowance Credited to Income Tax Provision |  | Balance at End of Period
Year Ended: |  |  |  |  |  |  |
December 31, 2020 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
December 31, 2021 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
December 31, 2022 | $ | — |  |  | $ | 89,250 |  | (2) | $ | — |  |  | $ | 89,250 |
(2) A valuation allowance was recorded for deferred tax assets related to unrealized tax capital losses that are not considered to be more likely than not to be realized prior to their expiration. The valuation allowance establishment was allocated to other comprehensive income.
Insurance |  |  |  |  |  |  |  |  |  |  |
| Year Ended December 31, 2022
|  |  | Additions |  |  |  |  |  |
| Balance at Beginning of Period |  | Charged to costs and expenses |  | Assumed |  | Deductions |  | Charge-off |  | Balance at End of Period
Reserves deducted from assets to which they apply: |  |  |  |  |  |  |  |  |  |  |
Credit loss allowance on available-for-sale securities | $ | 88,133 |  |  | $ | 57,411 |  |  | $ | 2,554 |  |  | $ | (11,925) |  |  | $ | (7,841) |  |  | $ | 128,332 |
Credit loss allowance on loans | 374,077 |  |  | 369,296 |  |  | — |  |  | — |  |  | (183,145) |  |  | $ | 560,228 |
Credit loss allowance on unfunded commitments | 21,675 |  |  | 34,111 |  |  | — |  |  | — |  |  | — |  |  | $ | 55,786 |
Credit loss allowance on reinsurance recoverables | 8,386 |  |  | 32,777 |  |  | — |  |  | — |  |  | — |  |  | $ | 41,163 |
| Year Ended December 31, 2021
|  |  | Additions |  |  |  |  |  |
| Balance at Beginning of Period |  | Charged to costs and expenses |  | Assumed |  | Deductions |  | Charge-off |  | Balance at End of Period
Reserves deducted from assets to which they apply: |  |  |  |  |  |  |  |  |  |  |
Credit loss allowance on available-for-sale securities | $ | 120,895 |  |  | $ | (25,316) |  |  | $ | 10,854 |  |  | $ | (18,300) |  |  | $ | — |  |  | $ | 88,133 |
Credit loss allowance on loans | 120,259 |  |  | 252,979 |  |  | 1,636 |  |  | (797) |  |  | — |  |  | 374,077 |
Credit loss allowance on unfunded commitments | — |  |  | 21,675 |  |  | — |  |  | — |  |  | — |  |  | 21,675 |
Credit loss allowance on reinsurance recoverables | — |  |  | 8,386 |  |  | — |  |  | — |  |  | — |  |  | 8,386 |

X
- Definition The entire disclosure for valuation and qualifying accounts and reserves. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 09 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SX 210.12-09) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24092-122690 + Details
Name: | srt_ScheduleOfValuationAndQualifyingAccountsDisclosureTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | srt_ValuationAndQualifyingAccountsAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration