XML 40 R33.htm IDEA: XBRL DOCUMENT v3.25.3
Separate Accounts (Tables)
9 Months Ended
Sep. 30, 2025
Separate Accounts Disclosure [Abstract]  
Schedule of Fair Value of Separate Accounts by Major Category of Investment

The following table represents the fair value of assets supporting separate accounts by major investment category:

 

 

September 30, 2025

 

 

December 31, 2024

 

 

 

(In thousands)

 

Fixed-income securities

 

$

633,125

 

 

$

708,225

 

Equity securities

 

 

1,599,150

 

 

 

1,490,628

 

Cash and cash equivalents

 

 

102,823

 

 

 

46,764

 

Due to/from funds

 

 

(21,245

)

 

 

(36,350

)

Other

 

 

21

 

 

 

20

 

Total separate account assets

 

$

2,313,874

 

 

$

2,209,287

 

Schedule of Balances and Changes in Seperate Account Liabilities

The following table represents the balances of and changes in separate account liabilities:

 

 

Nine months ended

 

 

Year ended

 

 

 

September 30, 2025

 

 

December 31, 2024

 

 

 

(In thousands)

 

Separate account liabilities balance, beginning of period

 

$

2,209,287

 

 

$

2,395,842

 

Premiums, deposits and transfers

 

 

128,345

 

 

 

147,995

 

Surrenders, withdrawals and transfers

 

 

(320,283

)

 

 

(378,126

)

Investment performance

 

 

266,258

 

 

 

300,545

 

Management fees and other charges

 

 

(44,042

)

 

 

(57,734

)

Foreign exchange translation

 

 

74,309

 

 

 

(199,235

)

Separate account liabilities balance, end of period

 

$

2,313,874

 

 

$

2,209,287

 

Cash surrender value

 

$

2,283,915

 

 

$

2,173,070