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Deferred Policy Acquisition Costs and Deferred Sales Inducements | 12 Months Ended
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Dec. 31, 2022
Deferred Charges, Insurers [Abstract] |
Deferred Policy Acquisition Costs and Deferred Sales Inducements | Deferred Policy Acquisition Costs and Deferred Sales Inducements Deferred Policy Acquisition Costs The following tables present the balances and changes in deferred policy acquisition costs:
| December 31, 2022
| Fixed Index Annuities |  | Fixed Rate Annuities |  | Single Premium Immediate Annuities |  | Total
| (Dollars in thousands)
Balance, beginning of year | $ | 2,906,684 |  |  | $ | 151,322 |  |  | $ | 4,198 |  |  | $ | 3,062,204 |
Write-off related to in-force ceded reinsurance | (196,417) |  |  | (7,209) |  |  | — |  |  | (203,626) |
Capitalizations | 193,989 |  |  | 4,424 |  |  | 663 |  |  | 199,076 |
Amortization expense | (254,934) |  |  | (28,432) |  |  | (645) |  |  | (284,011) |
Balance, end of year | $ | 2,649,322 |  |  | $ | 120,105 |  |  | $ | 4,216 |  |  | $ | 2,773,643 |
| December 31, 2021
| Fixed Index Annuities |  | Fixed Rate Annuities |  | Single Premium Immediate Annuities |  | Total
| (Dollars in thousands)
Balance, beginning of year | $ | 3,286,059 |  |  | $ | 119,805 |  |  | $ | 2,641 |  |  | $ | 3,408,505 |
Write-off related to in-force ceded reinsurance | (349,614) |  |  | — |  |  | — |  |  | (349,614) |
Capitalizations | 250,070 |  |  | 57,344 |  |  | 2,269 |  |  | 309,683 |
Amortization expense | (279,831) |  |  | (25,827) |  |  | (712) |  |  | (306,370) |
Balance, end of year | $ | 2,906,684 |  |  | $ | 151,322 |  |  | $ | 4,198 |  |  | $ | 3,062,204 |
Deferred Sales Inducements The following tables present the balances and changes in deferred sales inducements:
| December 31, 2022
| Fixed Index Annuities |  | Fixed Rate Annuities |  | Total
| (Dollars in thousands)
Balance, beginning of year | $ | 2,088,591 |  |  | $ | 31,371 |  |  | $ | 2,119,962 |
Capitalizations | 107,684 |  |  | 7 |  |  | 107,691 |
Amortization expense | (178,315) |  |  | (3,655) |  |  | (181,970) |
Balance, end of year | $ | 2,017,960 |  |  | $ | 27,723 |  |  | $ | 2,045,683 |
| December 31, 2021
| Fixed Index Annuities |  | Fixed Rate Annuities |  | Total
| (Dollars in thousands)
Balance, beginning of year | $ | 2,180,980 |  |  | $ | 35,705 |  |  | $ | 2,216,685 |
Capitalizations | 95,104 |  |  | 57 |  |  | 95,161 |
Amortization expense | (187,493) |  |  | (4,391) |  |  | (191,884) |
Balance, end of year | $ | 2,088,591 |  |  | $ | 31,371 |  |  | $ | 2,119,962 |
Deferred Policy Acquisition Costs and Deferred Sales Inducements | Deferred Policy Acquisition Costs and Deferred Sales Inducements Deferred Policy Acquisition Costs The following tables present the balances and changes in deferred policy acquisition costs:
| December 31, 2022
| Fixed Index Annuities |  | Fixed Rate Annuities |  | Single Premium Immediate Annuities |  | Total
| (Dollars in thousands)
Balance, beginning of year | $ | 2,906,684 |  |  | $ | 151,322 |  |  | $ | 4,198 |  |  | $ | 3,062,204 |
Write-off related to in-force ceded reinsurance | (196,417) |  |  | (7,209) |  |  | — |  |  | (203,626) |
Capitalizations | 193,989 |  |  | 4,424 |  |  | 663 |  |  | 199,076 |
Amortization expense | (254,934) |  |  | (28,432) |  |  | (645) |  |  | (284,011) |
Balance, end of year | $ | 2,649,322 |  |  | $ | 120,105 |  |  | $ | 4,216 |  |  | $ | 2,773,643 |
| December 31, 2021
| Fixed Index Annuities |  | Fixed Rate Annuities |  | Single Premium Immediate Annuities |  | Total
| (Dollars in thousands)
Balance, beginning of year | $ | 3,286,059 |  |  | $ | 119,805 |  |  | $ | 2,641 |  |  | $ | 3,408,505 |
Write-off related to in-force ceded reinsurance | (349,614) |  |  | — |  |  | — |  |  | (349,614) |
Capitalizations | 250,070 |  |  | 57,344 |  |  | 2,269 |  |  | 309,683 |
Amortization expense | (279,831) |  |  | (25,827) |  |  | (712) |  |  | (306,370) |
Balance, end of year | $ | 2,906,684 |  |  | $ | 151,322 |  |  | $ | 4,198 |  |  | $ | 3,062,204 |
Deferred Sales Inducements The following tables present the balances and changes in deferred sales inducements:
| December 31, 2022
| Fixed Index Annuities |  | Fixed Rate Annuities |  | Total
| (Dollars in thousands)
Balance, beginning of year | $ | 2,088,591 |  |  | $ | 31,371 |  |  | $ | 2,119,962 |
Capitalizations | 107,684 |  |  | 7 |  |  | 107,691 |
Amortization expense | (178,315) |  |  | (3,655) |  |  | (181,970) |
Balance, end of year | $ | 2,017,960 |  |  | $ | 27,723 |  |  | $ | 2,045,683 |
| December 31, 2021
| Fixed Index Annuities |  | Fixed Rate Annuities |  | Total
| (Dollars in thousands)
Balance, beginning of year | $ | 2,180,980 |  |  | $ | 35,705 |  |  | $ | 2,216,685 |
Capitalizations | 95,104 |  |  | 57 |  |  | 95,161 |
Amortization expense | (187,493) |  |  | (4,391) |  |  | (191,884) |
Balance, end of year | $ | 2,088,591 |  |  | $ | 31,371 |  |  | $ | 2,119,962 |

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- Definition The entire disclosure for deferred policy acquisition costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=4737841 + Details
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- Definition The entire disclosure for cost related directly to successful acquisition of new and renewal of insurance contract. Includes, but is not limited to, deferred policy acquisition cost, deferred sale inducement cost, and present value of future profit of insurance contract acquired in business combination. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=4737841 + Details
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