XML 47 R35.htm IDEA: XBRL DOCUMENT v3.23.1
Fair Values of Financial Instruments (Assets and Liabilities Measured on a Recurring Basis by Fair Value Hierarchy) (Details) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Derivative instruments $ 684,033 $ 431,727 [1]
Market risk benefits 230,304 229,871 [1]
Liabilities    
Market risk benefits 2,653,185 2,455,492 [1]
Fair Value, Measurements, Recurring    
Assets    
Real estate investments 1,053,631 940,559
Limited partnerships and limited liability companies 1,065,627 684,835
Derivative instruments 684,033 431,727
Cash and cash equivalents 2,777,852 1,919,669
Market risk benefits 230,304 229,871
Assets 46,041,671 45,024,575
Liabilities    
Market risk benefits 2,653,185 2,455,492
Liabilities 7,180,834 6,834,473
Fair Value, Measurements, Recurring | U.S. Government and agencies    
Assets    
Investments 177,878 169,071
Fair Value, Measurements, Recurring | States, municipalities and territories    
Assets    
Investments 3,665,716 3,822,982
Fair Value, Measurements, Recurring | Foreign corporate securities and foreign governments    
Assets    
Investments 677,833 676,852
Fair Value, Measurements, Recurring | Corporate securities    
Assets    
Investments 23,401,001 24,161,921
Fair Value, Measurements, Recurring | Residential mortgage backed securities    
Assets    
Investments 1,355,858 1,377,611
Fair Value, Measurements, Recurring | Commercial mortgage backed securities    
Assets    
Investments 3,677,672 3,687,478
Fair Value, Measurements, Recurring | Other asset backed securities    
Assets    
Investments 6,599,666 5,908,702
Fair Value, Measurements, Recurring | Other investments    
Assets    
Investments 674,600 1,013,297
Fair Value, Measurements, Recurring | Funds withheld liability - embedded derivative    
Liabilities    
Derivative liabilities (377,484) (441,864)
Fair Value, Measurements, Recurring | Fixed index annuities - embedded derivatives    
Liabilities    
Derivative liabilities 4,905,133 4,820,845
Fair Value, Measurements, Recurring | NAV    
Assets    
Real estate investments 0 0
Limited partnerships and limited liability companies 901,301 620,626
Derivative instruments 0 0
Cash and cash equivalents 0 0
Market risk benefits 0 0
Assets 901,301 620,626
Liabilities    
Market risk benefits 0 0
Liabilities 0 0
Fair Value, Measurements, Recurring | NAV | U.S. Government and agencies    
Assets    
Investments 0 0
Fair Value, Measurements, Recurring | NAV | States, municipalities and territories    
Assets    
Investments 0 0
Fair Value, Measurements, Recurring | NAV | Foreign corporate securities and foreign governments    
Assets    
Investments 0 0
Fair Value, Measurements, Recurring | NAV | Corporate securities    
Assets    
Investments 0 0
Fair Value, Measurements, Recurring | NAV | Residential mortgage backed securities    
Assets    
Investments 0 0
Fair Value, Measurements, Recurring | NAV | Commercial mortgage backed securities    
Assets    
Investments 0 0
Fair Value, Measurements, Recurring | NAV | Other asset backed securities    
Assets    
Investments 0 0
Fair Value, Measurements, Recurring | NAV | Other investments    
Assets    
Investments 0 0
Fair Value, Measurements, Recurring | NAV | Funds withheld liability - embedded derivative    
Liabilities    
Derivative liabilities 0 0
Fair Value, Measurements, Recurring | NAV | Fixed index annuities - embedded derivatives    
Liabilities    
Derivative liabilities 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1)    
Assets    
Real estate investments 0 0
Limited partnerships and limited liability companies 0 0
Derivative instruments 0 0
Cash and cash equivalents 2,777,852 1,919,669
Market risk benefits 0 0
Assets 2,958,272 2,344,133
Liabilities    
Market risk benefits 0 0
Liabilities 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | U.S. Government and agencies    
Assets    
Investments 29,978 26,184
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | States, municipalities and territories    
Assets    
Investments 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Foreign corporate securities and foreign governments    
Assets    
Investments 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Corporate securities    
Assets    
Investments 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Residential mortgage backed securities    
Assets    
Investments 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Commercial mortgage backed securities    
Assets    
Investments 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Other asset backed securities    
Assets    
Investments 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Other investments    
Assets    
Investments 150,442 398,280
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Funds withheld liability - embedded derivative    
Liabilities    
Derivative liabilities 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Fixed index annuities - embedded derivatives    
Liabilities    
Derivative liabilities 0 0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)    
Assets    
Real estate investments 0 0
Limited partnerships and limited liability companies 0 0
Derivative instruments 684,033 431,727
Cash and cash equivalents 0 0
Market risk benefits 0 0
Assets 39,452,653 39,979,911
Liabilities    
Market risk benefits 0 0
Liabilities 0 0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | U.S. Government and agencies    
Assets    
Investments 147,900 142,887
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | States, municipalities and territories    
Assets    
Investments 3,568,057 3,822,982
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Foreign corporate securities and foreign governments    
Assets    
Investments 677,833 676,852
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Corporate securities    
Assets    
Investments 23,025,704 23,759,573
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Residential mortgage backed securities    
Assets    
Investments 1,355,858 1,377,611
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Commercial mortgage backed securities    
Assets    
Investments 3,677,672 3,687,478
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Other asset backed securities    
Assets    
Investments 5,791,438 5,465,784
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Other investments    
Assets    
Investments 524,158 615,017
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Funds withheld liability - embedded derivative    
Liabilities    
Derivative liabilities 0 0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Fixed index annuities - embedded derivatives    
Liabilities    
Derivative liabilities 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)    
Assets    
Real estate investments 1,053,631 940,559
Limited partnerships and limited liability companies 164,326 64,209
Derivative instruments 0 0
Cash and cash equivalents 0 0
Market risk benefits 230,304 229,871
Assets 2,729,445 2,079,905
Liabilities    
Market risk benefits 2,653,185 2,455,492
Liabilities 7,180,834 6,834,473
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | U.S. Government and agencies    
Assets    
Investments 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | States, municipalities and territories    
Assets    
Investments 97,659 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Foreign corporate securities and foreign governments    
Assets    
Investments 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Corporate securities    
Assets    
Investments 375,297 402,348
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Residential mortgage backed securities    
Assets    
Investments 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Commercial mortgage backed securities    
Assets    
Investments 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Other asset backed securities    
Assets    
Investments 808,228 442,918
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Other investments    
Assets    
Investments 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Funds withheld liability - embedded derivative    
Liabilities    
Derivative liabilities (377,484) (441,864)
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Fixed index annuities - embedded derivatives    
Liabilities    
Derivative liabilities $ 4,905,133 $ 4,820,845
[1] Certain prior period amounts have been recast. See Note 1 - Significant Accounting Policies for more information.