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FAIR VALUE MEASUREMENTS - Changes in Level III Liabilities (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation |  |
Fair Value, Recurring Basis Unobservable Input Reconciliation, Liability, Gain (Loss), Statement Of Income, Extensible List, Not Disclosed Flag | Net Unrealized and Realized Gains (Losses) |
Fair Value Liabilities, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement Of Income, Extensible List Not Disclosed Flag | Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date |
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Liability, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] | Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest |
Level III |  |
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation |  |
Balance, Beg. of Period | $ 4,425,688 | $ 3,491,162
Transfers In / (Out) Due to Changes in Consolidation | 0 | 0
Transfers In | 0 | 0
Transfers Out | 0 | 0
Net Purchases/Sales/Settlements/Issuances | 710,222 | 267,558
Net Unrealized and Realized Gains (Losses) | (4,861,536) | 666,198
Change in OCI | (20,648) | 770
Balance, End of Period | 253,726 | 4,425,688
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date | 66,957 | 17,625
Level III | Asset Management |  |
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation |  |
Balance, Beg. of Period | 64,276 | 46,340
Transfers In / (Out) Due to Changes in Consolidation | 0 | 0
Transfers In | 0 | 0
Transfers Out | 0 | 0
Net Purchases/Sales/Settlements/Issuances | 1,749 | 311
Net Unrealized and Realized Gains (Losses) | 71,290 | 17,625
Change in OCI | 0 | 0
Balance, End of Period | 137,315 | 64,276
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date | 66,957 | 17,625
Level III | Insurance |  |
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation |  |
Balance, Beg. of Period | 4,361,412 | 3,444,822
Transfers In / (Out) Due to Changes in Consolidation | 0 | 0
Transfers In | 0 | 0
Transfers Out | 0 | 0
Net Purchases/Sales/Settlements/Issuances | 708,473 | 267,247
Net Unrealized and Realized Gains (Losses) | (4,932,826) | 648,573
Change in OCI | (20,648) | 770
Balance, End of Period | 116,411 | 4,361,412
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date | 0 | 0
Level III | Unfunded Revolver Commitments | Asset Management |  |
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation |  |
Balance, Beg. of Period | 64,276 | 46,340
Transfers In / (Out) Due to Changes in Consolidation | 0 | 0
Transfers In | 0 | 0
Transfers Out | 0 | 0
Net Purchases/Sales/Settlements/Issuances | 1,749 | 311
Net Unrealized and Realized Gains (Losses) | 71,290 | 17,625
Change in OCI | 0 | 0
Balance, End of Period | 137,315 | 64,276
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date | 66,957 | 17,625
Level III | Policy liabilities | Insurance |  |
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation |  |
Balance, Beg. of Period | 519,454 | 637,729
Transfers In / (Out) Due to Changes in Consolidation | 0 | 0
Transfers In | 0 | 0
Transfers Out | 0 | 0
Net Purchases/Sales/Settlements/Issuances | 0 | 0
Net Unrealized and Realized Gains (Losses) | (107,374) | (118,275)
Change in OCI | (17,442) | 0
Balance, End of Period | 394,638 | 519,454
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date | 0 | 0
Level III | Closed blocks | Insurance |  |
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation |  |
Balance, Beg. of Period | 1,350,224 | 1,395,746
Transfers In / (Out) Due to Changes in Consolidation | 0 | 0
Transfers In | 0 | 0
Transfers Out | 0 | 0
Net Purchases/Sales/Settlements/Issuances | (3,479) | (41,829)
Net Unrealized and Realized Gains (Losses) | (327,226) | (4,463)
Change in OCI | (3,206) | 770
Balance, End of Period | 1,016,313 | 1,350,224
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date | 0 | 0
Level III | Income ceded to funds withheld payable at interest | Insurance |  |
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation |  |
Balance, Beg. of Period | (49,491) | 0
Transfers In / (Out) Due to Changes in Consolidation | 0 | 0
Transfers In | 0 | 0
Transfers Out | 0 | 0
Net Purchases/Sales/Settlements/Issuances | 10,435 | 0
Net Unrealized and Realized Gains (Losses) | (3,448,710) | (49,491)
Change in OCI | 0 | 0
Balance, End of Period | (3,487,766) | (49,491)
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date | 0 | 0
Level III | Embedded derivative | Insurance | Indexed universal life |  |
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation |  |
Balance, Beg. of Period | 557,276 | 386,746
Transfers In / (Out) Due to Changes in Consolidation | 0 | 0
Transfers In | 0 | 0
Transfers Out | 0 | 0
Net Purchases/Sales/Settlements/Issuances | 12,645 | (2,702)
Net Unrealized and Realized Gains (Losses) | (232,061) | 173,232
Change in OCI | 0 | 0
Balance, End of Period | 337,860 | 557,276
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date | 0 | 0
Level III | Embedded derivative | Insurance | Fixed-indexed annuity |  |
Fair value, liabilities measured on recurring basis, level 3 fair-value category reconciliation |  |
Balance, Beg. of Period | 1,983,949 | 1,024,601
Transfers In / (Out) Due to Changes in Consolidation | 0 | 0
Transfers In | 0 | 0
Transfers Out | 0 | 0
Net Purchases/Sales/Settlements/Issuances | 688,872 | 311,778
Net Unrealized and Realized Gains (Losses) | (817,455) | 647,570
Change in OCI | 0 | 0
Balance, End of Period | 1,855,366 | 1,983,949
Changes in Net Unrealized Gains (Losses) Included in Earnings related to Level III Assets and Liabilities still held as of the Reporting Date | $ 0 | $ 0

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