v3.26.1
Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Statement of Comprehensive Income [Abstract]    
Net income $ 270,526 $ 254,563
Unrealized gains (losses) on fixed maturities:    
Unrealized holding gains (losses) arising during period (321,245) 215,128
Other reclassification adjustments included in net income (1,569) (3,341)
Foreign exchange adjustment on fixed maturities recorded at fair value (73) (430)
Total unrealized investment gains (losses) (322,887) 211,357
Less applicable tax (expense) benefit 67,805 (44,387)
Unrealized gains (losses) on investments, net of tax (255,082) 166,970
Future Policy benefits:    
Change in discount rate on future policy benefits 410,451 (139,352)
Less applicable tax (expense) benefit (86,193) 29,263
Future policy benefit adjustments, net of tax 324,258 (110,089)
Foreign exchange translation:    
Foreign exchange translation adjustments, other than securities 290 2,421
Less applicable tax (expense) benefit (60) (508)
Foreign exchange translation adjustments, other than securities, net of tax 230 1,913
Pension:    
Pension adjustments 1,580 68
Less applicable tax (expense) benefit (333) (15)
Pension adjustments, net of tax 1,247 53
Other comprehensive income (loss) 70,653 58,847
Comprehensive income (loss) $ 341,179 $ 313,410