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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Operating activities          
Net income $ 476,114 $ 444,890 [1] $ 675,369 $ 1,887,644 [2]  
Adjustments to reconcile net income to net cash provided by operating activities:          
Interest sensitive and index product benefits     373,984 497,245 [3]  
Amortization of deferred sales inducements 48,354 46,223 [2] 141,906 136,004 [3] $ 181,970
Annuity product charges (84,316) (60,819) [2] (218,549) (168,688) [3]  
Change in fair value of embedded derivatives (451,806) (415,374) [2] 166,398 (2,695,007) [2]  
Change in traditional life and accident and health insurance reserves     (20,483) (79,410) [3]  
Policy acquisition costs deferred     (366,933) (146,934) [3]  
Amortization of deferred policy acquisition costs 70,561 71,726 [2] 207,272 217,180 [2] 284,011
Provision for depreciation and other amortization     6,067 12,845 [3]  
Amortization of discounts and premiums on investments     111,158 637 [3]  
Realized gains/losses on investments 44,672 15,860 [2] 97,138 62,259 [2]  
Distributions from equity method investments     74,279 5,098 [3]  
Change in fair value of derivatives     94,397 1,160,371 [3]  
Deferred income taxes     193,095 467,262 [3]  
Share-based compensation     31,140 10,708 [3]  
Change in accrued investment income     54,209 (71,552) [3]  
Change in income taxes recoverable/payable     0 62,748 [3]  
Change in other assets     (265,443) (40,000) [3]  
Change in other policy funds and contract claims     (320,461) 35,328 [3]  
Change in market risk benefits, net     (259,303) 28,154 [3]  
Change in collateral held for derivatives     305,709 (905,799) [3]  
Change in funds withheld from reinsurers     1,646,394 629,251 [3]  
Change in other liabilities     341,031 166,999 [3]  
Other     (38,772) (147,248) [3]  
Net cash provided by operating activities     3,029,602 1,125,095 [3]  
Sales, maturities, or repayments of investments:          
Fixed maturity securities, available for sale     10,450,819 5,136,412 [3]  
Mortgage loans on real estate     1,155,655 1,572,420 [3]  
Real estate investments sold     2,973 0 [3]  
Derivative instruments     296,933 577,772 [3]  
Other investments     1,145,777 440,079 [3]  
Acquisitions of investments:          
Fixed maturity securities, available for sale     (3,079,148) (5,238,533) [3]  
Mortgage loans on real estate     (1,814,544) (2,408,977) [3]  
Real estate investments acquired     (260,101) (611,881) [3]  
Derivative instruments     (723,356) (586,804) [3]  
Other investments     (1,344,537) (1,123,295) [3]  
Purchases of property, furniture and equipment     (36,034) (34,215) [3]  
Net cash provided by (used in) investing activities     5,794,437 (2,277,022) [3]  
Financing activities          
Receipts credited to annuity policyholder account balances     5,608,928 2,416,692 [3]  
Coinsurance deposits     (824,085) (241,746) [3]  
Return of annuity policyholder account balances     (5,027,817) (3,724,169) [3]  
Repayment of loan payable     (5,475) (1,875) [3]  
Proceeds from issuance of loan payable     0 300,000 [3]  
Acquisition of treasury stock     (309,632) (522,468) [3]  
Proceeds from issuance of common stock, net     19,247 252,861 [3]  
Change in checks in excess of cash balance     16,320 4,538 [3]  
Dividends paid on preferred stock     (32,756) (32,756) [3]  
Net cash used in financing activities     (555,270) (1,548,923) [3]  
Increase (decrease) in cash and cash equivalents     8,268,769 (2,700,850) [3]  
Cash and cash equivalents at beginning of period     1,919,669 4,508,982 [3] 4,508,982 [3]
Cash and cash equivalents at end of period $ 10,188,438 $ 1,808,132 [3] 10,188,438 1,808,132 [3] 1,919,669
Cash paid during period for:          
Interest expense     31,098 16,250 [3]  
Income taxes     1,899 4,873 [3]  
Income tax refunds received     53 17,187 [3]  
Non-cash operating activity:          
Deferral of sales inducements     $ 353,287 $ 74,074 [3] $ 107,692
[1] Certain prior period amounts have been recast. See Note 1 - Significant Accounting Policies for more information.
[2] Certain prior period amounts have been recast. See Note 1 - Significant Accounting Policies for more information.
[3] Certain prior period amounts have been recast. See Note 1 - Significant Accounting Policies for more information.