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Parent Company (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Condensed Consolidating Balance Sheet | Condensed Balance Sheets (in millions)
| As of December 31,
| 2022 |  | 2021
Assets |  |  |
Investments | $ | 26 |  |  | $ | 188 |
Investments in subsidiaries | 4,984 |  |  | 5,994 |
Dividends receivable from subsidiaries | 18 |  |  | 81 |
Other assets (1) | 58 |  |  | 46 |
Total assets | $ | 5,086 |  |  | $ | 6,309 |
Liabilities |  |  |
Other liabilities (1) | $ | 22 |  |  | $ | 17 |
Total liabilities | $ | 22 |  |  | $ | 17 |
Total shareholders’ equity attributable to AGL | $ | 5,064 |  |  | $ | 6,292 |
Total liabilities and shareholders’ equity | $ | 5,086 |  |  | $ | 6,309 |
____________________ (1) Mainly consists of due from and due to affiliates.
Condensed Consolidating Statement of Operations and Comprehensive Income | Condensed Statements of Operations and Comprehensive Income (in millions)
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Revenues |  |  |  |  |
Net investment income | $ | 3 |  |  | $ | 1 |  |  | $ | — |
Net realized investment gains (losses) | (4) |  |  | — |  |  | — |
Total revenues | (1) |  |  | 1 |  |  | — |
Expenses |  |  |  |  |
Other expenses (1) | 45 |  |  | 35 |  |  | 34 |
Total expenses | 45 |  |  | 35 |  |  | 34 |
Income (loss) before equity in earnings of subsidiaries | (46) |  |  | (34) |  |  | (34) |
Equity in earnings of subsidiaries | 170 |  |  | 423 |  |  | 396 |
Net income attributable to AGL | 124 |  |  | 389 |  |  | 362 |
Other comprehensive income (loss) attributable to AGL | (815) |  |  | (198) |  |  | 156 |
Comprehensive income (loss) attributable to AGL | $ | (691) |  |  | $ | 191 |  |  | $ | 518 |
____________________ (1) Includes expense allocations from subsidiaries.
Condensed Consolidating Statement of Cash Flows | Condensed Statements of Cash Flows (in millions)
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Cash flows from operating activities: |  |  |  |  |
Net income attributable to AGL | $ | 124 |  |  | $ | 389 |  |  | $ | 362 |
Adjustments to reconcile net income to net cash flows provided by operating activities: |  |  |  |  |
Equity in earnings of subsidiaries | (170) |  |  | (423) |  |  | (396) |
Net realized investment losses (gains) | 4 |  |  | — |  |  | — |
Cash dividends from subsidiaries | 437 |  |  | 539 |  |  | 547 |
Other | 32 |  |  | 22 |  |  | 19 |
Net cash flows provided by (used in) operating activities | 427 |  |  | 527 |  |  | 532 |
Cash flows from investing activities: |  |  |  |  |
Short-term investments with maturities of over three months: |  |  |  |  |
Purchases | — |  |  | — |  |  | (4) |
Sales | 52 |  |  | — |  |  | — |
Maturities and paydowns | 5 |  |  | 4 |  |  | — |
Net sales (purchases) of short-term investments with original maturities of less than three months | 92 |  |  | 41 |  |  | (3) |
Net cash flows provided by (used in) investing activities | 149 |  |  | 45 |  |  | (7) |
Cash flows from financing activities: |  |  |  |  |
Dividends paid | (64) |  |  | (66) |  |  | (69) |
Repurchases of common shares | (500) |  |  | (496) |  |  | (446) |
Other | (12) |  |  | (10) |  |  | (10) |
Net cash flows provided by (used in) financing activities | (576) |  |  | (572) |  |  | (525) |
Increase (decrease) in cash | — |  |  | — |  |  | — |
Cash at beginning of period | — |  |  | — |  |  | — |
Cash at end of period | $ | — |  |  | $ | — |  |  | $ | — |
Supplemental disclosure of non-cash investing activities: |  |  |  |  |
Dividend from a subsidiary in the form of fixed-maturity securities | $ | — |  |  | $ | 46 |  |  | $ | 47 |

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