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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net income $ 1,221,302 $ 473,992 $ 671,460
Other comprehensive income (loss):      
Change in net unrealized investment gains/losses (1) [1] (5,064,286) (441,008) 1,058,289
Reclassification of unrealized investment gains/losses to net income (1) [1] (7,516) (4,044) 16,690
Other comprehensive income (loss) before income tax (5,071,802) (445,052) 1,074,979
Income tax effect related to other comprehensive income (loss) 1,067,958 90,284 (225,746)
Other comprehensive income (loss) (4,003,844) (354,768) 849,233
Comprehensive income (loss) $ (2,782,542) $ 119,224 $ 1,520,693
[1] Net of related adjustments to amortization of deferred sales inducements, deferred policy acquisition costs and policy benefit reserves.