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FAIR VALUE MEASUREMENTS - Instruments Not Carried At Fair Value (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019
--- | --- | --- | --- | ---
Financial liabilities: |  |  |  |
Securities Sold Under Agreements to Repurchase | $ 833,568 | $ 312,965 |  |
Insurance |  |  |  |
Financial assets: |  |  |  |
Cash and cash equivalents | 6,118,231 | 3,391,934 | $ 0 | $ 0
Restricted cash and cash equivalents | 308,383 | 300,404 | $ 0 | $ 0
Financial liabilities: |  |  |  |
Funds withheld payable at interest | 1,059,820 | 378,549 |  |
Securities Sold Under Agreements to Repurchase | 805,316 | 300,446 |  |
Insurance | Carrying Value |  |  |  |
Financial assets: |  |  |  |
Mortgage and other loan receivables | 34,303,183 | 28,044,085 |  |
Policy loans | 868,911 | 765,310 |  |
FHLB common stock and other investments | 163,289 | 171,842 |  |
Funds withheld receivables at interest | 2,855,251 | 2,967,708 |  |
Cash and cash equivalents | 6,118,231 | 3,391,934 |  |
Restricted cash and cash equivalents | 308,383 | 300,404 |  |
Total Assets at Fair Value | 44,617,248 | 35,641,283 |  |
Financial liabilities: |  |  |  |
Other contractholder deposit funds | 38,200,664 | 30,295,965 |  |
Supplementary contracts without life contingencies | 12,148 | 31,118 |  |
Funding agreements | 2,464,295 | 2,566,410 |  |
Funds withheld payable at interest | 26,227,183 | 23,509,744 |  |
Debt obligations | 2,128,166 | 1,908,006 |  |
Securities Sold Under Agreements to Repurchase | 805,316 | 300,446 |  |
Total financial liabilities | 69,837,772 | 58,611,689 |  |
Insurance | Fair Value |  |  |  |
Financial assets: |  |  |  |
Mortgage and other loan receivables | 31,256,107 | 28,645,675 |  |
Policy loans | 789,726 | 754,530 |  |
FHLB common stock and other investments | 163,289 | 171,842 |  |
Funds withheld receivables at interest | 2,855,251 | 2,967,708 |  |
Cash and cash equivalents | 6,118,231 | 3,391,934 |  |
Restricted cash and cash equivalents | 308,383 | 300,404 |  |
Total Assets at Fair Value | 41,490,987 | 36,232,093 |  |
Financial liabilities: |  |  |  |
Other contractholder deposit funds | 35,908,184 | 28,419,520 |  |
Supplementary contracts without life contingencies | 12,349 | 31,311 |  |
Funding agreements | 2,399,611 | 2,549,494 |  |
Funds withheld payable at interest | 26,227,183 | 23,509,744 |  |
Debt obligations | 1,698,526 | 1,953,631 |  |
Securities Sold Under Agreements to Repurchase | 805,316 | 300,446 |  |
Total financial liabilities | 67,051,169 | 56,764,146 |  |
Level I | Insurance | Fair Value |  |  |  |
Financial assets: |  |  |  |
Mortgage and other loan receivables | 0 | 0 |  |
Policy loans | 0 | 0 |  |
FHLB common stock and other investments | 0 | 0 |  |
Funds withheld receivables at interest | 0 | 0 |  |
Cash and cash equivalents | 6,118,231 | 3,391,934 |  |
Restricted cash and cash equivalents | 308,383 | 300,404 |  |
Total Assets at Fair Value | 6,426,614 | 3,692,338 |  |
Financial liabilities: |  |  |  |
Other contractholder deposit funds | 0 | 0 |  |
Supplementary contracts without life contingencies | 0 | 0 |  |
Funding agreements | 0 | 0 |  |
Funds withheld payable at interest | 0 | 0 |  |
Debt obligations | 0 | 0 |  |
Securities Sold Under Agreements to Repurchase | 0 | 0 |  |
Total financial liabilities | 0 | 0 |  |
Level II | Insurance | Fair Value |  |  |  |
Financial assets: |  |  |  |
Mortgage and other loan receivables | 0 | 0 |  |
Policy loans | 0 | 0 |  |
FHLB common stock and other investments | 0 | 0 |  |
Funds withheld receivables at interest | 2,855,251 | 2,967,708 |  |
Cash and cash equivalents | 0 | 0 |  |
Restricted cash and cash equivalents | 0 | 0 |  |
Total Assets at Fair Value | 2,855,251 | 2,967,708 |  |
Financial liabilities: |  |  |  |
Other contractholder deposit funds | 35,908,184 | 28,419,520 |  |
Supplementary contracts without life contingencies | 0 | 0 |  |
Funding agreements | 0 | 0 |  |
Funds withheld payable at interest | 26,227,183 | 23,509,744 |  |
Debt obligations | 0 | 0 |  |
Securities Sold Under Agreements to Repurchase | 805,316 | 300,446 |  |
Total financial liabilities | 62,940,683 | 52,229,710 |  |
Level III | Insurance |  |  |  |
Financial assets: |  |  |  |
Funds withheld receivables at interest | 12,785 |  |  |
Financial liabilities: |  |  |  |
Other contractholder deposit funds | 394,638 |  |  |
Funds withheld payable at interest | (3,487,766) |  |  |
Level III | Insurance | Fair Value |  |  |  |
Financial assets: |  |  |  |
Mortgage and other loan receivables | 31,256,107 | 28,645,675 |  |
Policy loans | 789,726 | 754,530 |  |
FHLB common stock and other investments | 163,289 | 171,842 |  |
Funds withheld receivables at interest | 0 | 0 |  |
Cash and cash equivalents | 0 | 0 |  |
Restricted cash and cash equivalents | 0 | 0 |  |
Total Assets at Fair Value | 32,209,122 | 29,572,047 |  |
Financial liabilities: |  |  |  |
Other contractholder deposit funds | 0 | 0 |  |
Supplementary contracts without life contingencies | 12,349 | 31,311 |  |
Funding agreements | 2,399,611 | 2,549,494 |  |
Funds withheld payable at interest | 0 | 0 |  |
Debt obligations | 1,698,526 | 1,953,631 |  |
Securities Sold Under Agreements to Repurchase | 0 | 0 |  |
Total financial liabilities | $ 4,110,486 | $ 4,534,436 |  |

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