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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net income $ 211,919 $ 1,920,577 [1],[2] $ 553,023 [2],[3]
Adjustments to reconcile net income to net cash provided by operating activities:      
Interest sensitive and index product benefits 567,423 554,871 [2] 2,231,567 [2]
Amortization of deferred sales inducements 192,252 181,970 [1],[2] 191,884 [1],[2]
Annuity product charges (315,496) (230,354) [1],[2] (242,631) [1],[2]
Change in fair value of embedded derivatives 1,143,576 (2,352,598) [1],[2] (358,302) [1],[2]
Change in traditional life and accident and health insurance reserves (10,206) (83,456) [2] 83,734 [2]
Policy acquisition costs deferred (576,337) (199,075) [2] (309,683) [2]
Amortization of deferred policy acquisition costs 279,700 284,011 [1],[2] 306,370 [1],[2]
Provision for depreciation and other amortization 8,653 14,185 [2] 5,527 [2]
Amortization of discounts and premiums on investments 3,473 2,640 [2] 19,861 [2]
Realized gains/losses on investments 135,203 47,848 [2] 13,242 [2]
Change in fair value of derivatives (259,046) 1,138,127 [2] (1,348,704) [2]
Distributions from equity method investments 148,388 4,090 [2] 12,409 [2]
Deferred income taxes 68,135 490,926 [2] 149,431 [2]
Share-based compensation 29,296 15,827 [2] 24,601 [2]
Change in accrued investment income 38,519 (52,754) [2] (47,015) [2]
Change in income taxes recoverable/payable 31,651 111,088 [2] (165,724) [2]
Change in other assets (154,726) 2,852 [2] (5,085) [2]
Change in other policy funds and contract claims (329,126) 279,936 [2] (19,809) [2]
Change in market risk benefits, net (16,867) (22,915) [2] 208,257 [2]
Change in collateral held for derivatives 786,836 (851,971) [2] 17,423 [2]
Change in funds withheld from reinsurers 1,833,859 931,600 [2] 3,124,740 [2]
Change in other liabilities 132,743 9,033 [2] (224,171) [2]
Other (10,013) (152,639) [2] 12,219 [2]
Net cash provided by operating activities 3,939,809 2,043,819 [2] 4,233,164 [2]
Sales, maturities, or repayments of investments:      
Fixed maturity securities, available for sale 11,399,711 9,691,210 [2] 4,490,736 [2]
Mortgage loans on real estate 1,534,845 1,916,328 [2] 862,666 [2]
Real estate investments sold 4,973 0 [2] 0 [2]
Derivative instruments 491,475 584,055 [2] 2,260,959 [2]
Other investments 2,465,942 739,027 [2] 368,837 [2]
Acquisitions of investments:      
Fixed maturity securities, available for sale (4,753,743) (8,894,629) [2] (9,206,733) [2]
Mortgage loans on real estate (2,233,026) (3,092,385) [2] (2,386,712) [2]
Real estate investments acquired (317,570) (724,484) [2] (335,767) [2]
Derivative instruments (950,811) (790,229) [2] (748,061) [2]
Other investments (3,097,084) (1,842,843) [2] (1,512,123) [2]
Purchases of property, furniture and equipment (50,084) (40,961) [2] (18,109) [2]
Net cash provided by (used in) investing activities 4,494,628 (2,454,911) [2] (6,224,307) [2]
Financing activities      
Receipts credited to annuity policyholder account balances 7,605,306 3,316,221 [2] 5,910,024 [2]
Coinsurance deposits (448,828) (186,637) [2] (3,187,332) [2]
Return of annuity policyholder account balances (7,573,944) (5,257,487) [2] (5,145,193) [2]
Repayment of loan payable (7,500) (3,750) [2] 0 [2]
Proceeds from issuance of loan payable 0 300,000 [2] 0 [2]
Proceeds from issuance of common stock, net 20,420 253,978 [2] 4,854 [2]
Acquisition of treasury stock (309,401) (566,567) [2] (99,415) [2]
Change in checks in excess of cash balance 176,102 39,901 [2] (3,210) [2]
Dividends paid on common stock 0 (30,205) [2] (31,450) [2]
Dividends paid on preferred stock (43,675) (43,675) [2] (43,675) [2]
Net cash used in financing activities (581,520) (2,178,221) [2] (2,595,397) [2]
Increase (decrease) in cash and cash equivalents 7,852,917 (2,589,313) [2] (4,586,540) [2]
Cash and cash equivalents at beginning of year [2] 1,919,669 4,508,982 9,095,522
Cash and cash equivalents at end of year 9,772,586 1,919,669 [2] 4,508,982 [2]
Cash paid during the year for interest:      
Interest expense 50,020 36,289 [2] 30,000 [2]
Cash paid during the year for income taxes:      
Income taxes 7,002 4,873 [2] 165,537 [2]
Income tax refunds received 20,052 98,644 [2] 0 [2]
Non-cash operating activity:      
Deferral of sales inducements $ 513,793 $ 107,691 [2] $ 95,161 [2]
[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.