XML 38 R27.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Deferred Policy Acquisition Costs and Deferred Sales Inducements (Tables)
 3 Months Ended
Mar. 31, 2024
Deferred Charges, Insurers [Abstract]  
Deferred Policy Acquisition Costs
The following tables present the balances and changes in deferred policy acquisition costs:
Three Months Ended March 31, 2024
Fixed Index AnnuitiesFixed Rate AnnuitiesSingle Premium Immediate AnnuitiesTotal
(Dollars in thousands)
Balance, beginning of period$2,957,464 $109,187 $3,629 $3,070,280 
Capitalizations159,143 32,655 16 191,814 
Amortization expense(69,525)(7,671)(141)(77,337)
Balance, end of period$3,047,082 $134,171 $3,504 $3,184,757 
Year Ended December 31, 2023
Fixed Index AnnuitiesFixed Rate AnnuitiesSingle Premium Immediate AnnuitiesTotal
(Dollars in thousands)
Balance, beginning of period$2,649,322 $120,105 $4,216 $2,773,643 
Capitalizations557,749 18,536 52 576,337 
Amortization expense(249,607)(29,454)(639)(279,700)
Balance, end of period$2,957,464 $109,187 $3,629 $3,070,280 
Deferred Sales Inducements
The following tables present the balances and changes in deferred sales inducements:
Three Months Ended March 31, 2024
Fixed Index
Annuities
Fixed Rate
Annuities
Total
(Dollars in thousands)
Balance, beginning of period$2,342,486 $24,738 $2,367,224 
Capitalizations127,687 17 127,704 
Amortization expense(53,526)(688)(54,214)
Balance, end of period$2,416,647 $24,067 $2,440,714 
Year Ended December 31, 2023
Fixed Index
Annuities
Fixed Rate
Annuities
Total
(Dollars in thousands)
Balance, beginning of period$2,017,960 $27,723 $2,045,683 
Capitalizations513,726 67 513,793 
Amortization expense(189,200)(3,052)(192,252)
Balance, end of period$2,342,486 $24,738 $2,367,224