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Segment Reporting - Schedule of Segment Results (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Segment Reporting Information [Line Items]        
Net premiums $ 888,000 $ 784,000 $ 3,037,000 $ 2,567,000
Other policy revenue 208,000 106,000 504,000 306,000
Net investment income 1,024,000 375,000 2,396,000 1,020,000
Investment related gains (losses) (128,000) (12,000) (160,000) (32,000)
Other income 12,000 11,000 12,000 32,000
Total revenues 2,004,000 1,264,000 5,789,000 3,893,000
Policyholder benefits and claims incurred 846,000 717,000 2,962,000 2,406,000
Interest sensitive contract benefits 523,000 133,000 1,068,000 338,000
Amortization of deferred policy acquisition costs, deferred sales inducements and value of business acquired 289,000 136,000 649,000 399,000
Change in fair value of insurance-related derivatives and embedded derivatives 344,000 54,000 346,000 54,000
Change in fair value of market risk benefits 134,000 (14,000) 292,000 (21,000)
Operating expenses 228,000 147,000 666,000 450,000
Interest expense 49,000 27,000 114,000 73,000
Total benefits and expenses 2,413,000 1,200,000 6,097,000 3,699,000
Net income (loss) before income taxes (409,000) 64,000 (308,000) 194,000
Annuity        
Segment Reporting Information [Line Items]        
Change in fair value of market risk benefits (40,000)      
Operating Segments | Annuity        
Segment Reporting Information [Line Items]        
Net premiums 331,000 154,000 1,342,000 714,000
Other policy revenue 139,000 12,000 244,000 29,000
Net investment income 1,008,000 236,000 2,043,000 618,000
Investment related gains (losses) (11,000) 0 (8,000) 0
Other income 1,000 0 1,000 0
Total revenues 1,468,000 402,000 3,622,000 1,361,000
Policyholder benefits and claims incurred 373,000 167,000 1,457,000 761,000
Interest sensitive contract benefits 507,000 98,000 956,000 181,000
Amortization of deferred policy acquisition costs, deferred sales inducements and value of business acquired 175,000 7,000 295,000 13,000
Change in fair value of insurance-related derivatives and embedded derivatives 355,000 24,000 343,000 (29,000)
Change in fair value of market risk benefits 134,000 (14,000) 292,000 (21,000)
Operating expenses 116,000 28,000 249,000 81,000
Interest expense 0 0 0 0
Total benefits and expenses 1,660,000 310,000 3,592,000 986,000
Net income (loss) before income taxes (192,000) 92,000 30,000 375,000
Operating Segments | Life        
Segment Reporting Information [Line Items]        
Net premiums 86,000 107,000 286,000 321,000
Other policy revenue 69,000 94,000 260,000 277,000
Net investment income 62,000 91,000 249,000 231,000
Investment related gains (losses) 0 0 0 0
Other income 9,000 11,000 9,000 32,000
Total revenues 226,000 303,000 804,000 861,000
Policyholder benefits and claims incurred 120,000 143,000 446,000 448,000
Interest sensitive contract benefits 16,000 35,000 112,000 157,000
Amortization of deferred policy acquisition costs, deferred sales inducements and value of business acquired 10,000 11,000 32,000 35,000
Change in fair value of insurance-related derivatives and embedded derivatives (11,000) 30,000 3,000 83,000
Change in fair value of market risk benefits 0 0 0 0
Operating expenses 63,000 59,000 191,000 177,000
Interest expense 0 0 0 0
Total benefits and expenses 198,000 278,000 784,000 900,000
Net income (loss) before income taxes 28,000 25,000 20,000 (39,000)
Operating Segments | Property and Casualty        
Segment Reporting Information [Line Items]        
Net premiums 471,000 523,000 1,409,000 1,532,000
Other policy revenue 0 0 0 0
Net investment income 41,000 35,000 121,000 125,000
Investment related gains (losses) 0 0 0 0
Other income 2,000 0 2,000 0
Total revenues 514,000 558,000 1,532,000 1,657,000
Policyholder benefits and claims incurred 353,000 407,000 1,059,000 1,197,000
Interest sensitive contract benefits 0 0 0 0
Amortization of deferred policy acquisition costs, deferred sales inducements and value of business acquired 104,000 118,000 322,000 351,000
Change in fair value of insurance-related derivatives and embedded derivatives 0 0 0 0
Change in fair value of market risk benefits 0 0 0 0
Operating expenses 31,000 56,000 113,000 171,000
Interest expense 0 0 0 0
Total benefits and expenses 488,000 581,000 1,494,000 1,719,000
Net income (loss) before income taxes 26,000 (23,000) 38,000 (62,000)
Operating Segments | Corporate & Other        
Segment Reporting Information [Line Items]        
Net premiums 0 0 0 0
Other policy revenue 0 0 0 0
Net investment income (87,000) 13,000 (17,000) 46,000
Investment related gains (losses) (117,000) (12,000) (152,000) (32,000)
Other income 0 0 0 0
Total revenues (204,000) 1,000 (169,000) 14,000
Policyholder benefits and claims incurred 0 0 0 0
Interest sensitive contract benefits 0 0 0 0
Amortization of deferred policy acquisition costs, deferred sales inducements and value of business acquired 0 0 0 0
Change in fair value of insurance-related derivatives and embedded derivatives 0 0 0 0
Change in fair value of market risk benefits 0 0 0 0
Operating expenses 18,000 4,000 113,000 21,000
Interest expense 49,000 27,000 114,000 73,000
Total benefits and expenses 67,000 31,000 227,000 94,000
Net income (loss) before income taxes $ (271,000) $ (30,000) $ (396,000) $ (80,000)