v3.26.1
Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Statement of Comprehensive Income [Abstract]        
Net income $ 287,747 $ 252,749 $ 558,273 $ 507,312
Unrealized gains (losses) on fixed maturities:        
Unrealized holding gains (losses) arising during period 190,472 (134,318) (130,773) 80,810
Other reclassification adjustments included in net income (4,616) 10,603 (6,185) 7,262
Foreign exchange adjustment on fixed maturities recorded at fair value 1,047 (1,328) 974 (1,758)
Total unrealized investment gains (losses) 186,903 (125,043) (135,984) 86,314
Less applicable tax (expense) benefit (39,249) 26,264 28,556 (18,123)
Unrealized gains (losses) on investments, net of tax 147,654 (98,779) (107,428) 68,191
Future Policy benefits:        
Change in discount rate on future policy benefits (201,807) 92,229 208,644 (47,123)
Less applicable tax (expense) benefit 42,378 (19,367) (43,815) 9,896
Future policy benefit adjustments, net of tax (159,429) 72,862 164,829 (37,227)
Foreign exchange translation:        
Foreign exchange translation adjustments, other than securities (11,707) 16,300 (11,417) 18,721
Less applicable tax (expense) benefit 2,458 (3,425) 2,398 (3,933)
Foreign exchange translation adjustments, other than securities, net of tax (9,249) 12,875 (9,019) 14,788
Pension:        
Pension adjustments 107 59 1,687 127
Less applicable tax (expense) benefit (21) (12) (354) (27)
Pension adjustments, net of tax 86 47 1,333 100
Other comprehensive income (loss) (20,938) (12,995) 49,715 45,852
Comprehensive income (loss) $ 266,809 $ 239,754 $ 607,988 $ 553,164