v3.25.2
Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Statement of Comprehensive Income [Abstract]        
Net income $ 252,749 $ 258,355 $ 507,312 $ 512,572
Unrealized gains (losses) on fixed maturities:        
Unrealized holding gains (losses) arising during period (134,318) (263,012) 80,810 (568,028)
Other reclassification adjustments included in net income 10,603 7,400 7,262 4,988
Foreign exchange adjustment on fixed maturities recorded at fair value (1,328) (117) (1,758) 1,500
Total unrealized investment gains (losses) (125,043) (255,729) 86,314 (561,540)
Less applicable tax (expense) benefit 26,264 53,701 (18,123) 117,923
Unrealized gains (losses) on investments, net of tax (98,779) (202,028) 68,191 (443,617)
Future Policy Benefits:        
Change in discount rate on future policy benefits 92,229 606,384 (47,123) 1,310,980
Less applicable tax (expense) benefit (19,367) (127,342) 9,896 (275,306)
Future policy benefit adjustments, net of tax 72,862 479,042 (37,227) 1,035,674
Foreign exchange translation:        
Foreign exchange translation adjustments, other than securities 16,300 641 18,721 (11,956)
Less applicable tax (expense) benefit (3,425) (135) (3,933) 2,511
Foreign exchange translation adjustments, other than securities, net of tax 12,875 506 14,788 (9,445)
Pension:        
Pension adjustments 59 118 127 236
Less applicable tax (expense) benefit (12) (22) (27) (49)
Pension adjustments, net of tax 47 96 100 187
Other comprehensive income (loss) (12,995) 277,616 45,852 582,799
Comprehensive income (loss) $ 239,754 $ 535,971 $ 553,164 $ 1,095,371