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Shareholders' Equity
 3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Shareholders' Equity Shareholders’ Equity
Other Comprehensive Income
 
The following tables present the changes in each component of accumulated other comprehensive income (AOCI) and the effect of reclassifications out of AOCI into the respective lines in the condensed consolidated statements of operations.

Changes in Accumulated Other Comprehensive Income (Loss) by Component
First Quarter 2023

Net Unrealized Gains (Losses) on Investments with:ISCR on
 FG VIEs’ Liabilities with Recourse		Cumulative
Translation
Adjustment		Cash Flow 
Hedge		Total AOCI
 No Credit ImpairmentCredit Impairment
(in millions)
Balance, December 31, 2022$(343)$(110)$(23)$(45)$6 $(515)
Other comprehensive income (loss) before reclassifications91 1 (2)2 — 92 
Less: Amounts reclassified from AOCI to:
Net realized investment gains (losses)
3 (5)— — — (2)
Fair value gains (losses) on FG VIEs
— — (1)— — (1)
Total before tax
3 (5)(1)— — (3)
Tax (provision) benefit
(1)1 — — — — 
Total amount reclassified from AOCI, net of tax2 (4)(1)— — (3)
Other comprehensive income (loss)89 5 (1)2 — 95 
Balance, March 31, 2023$(254)$(105)$(24)$(43)$6 $(420)
Changes in Accumulated Other Comprehensive Income (Loss) by Component
First Quarter 2022

Net Unrealized Gains (Losses) on Investments with:ISCR on
 FG VIEs’ Liabilities with Recourse		Cumulative
Translation
Adjustment		Cash Flow 
Hedge		Total AOCI
 No Credit ImpairmentCredit Impairment
(in millions)
Balance, December 31, 2021$375 $(24)$(21)$(36)$6 $300 
Other comprehensive income (loss) before reclassifications(339)(43)(1)(1)— (384)
Less: Amounts reclassified from AOCI to:
Net realized investment gains (losses)
(1)(5)— — — (6)
Fair value gains (losses) on FG VIEs
— — (1)— — (1)
Total before tax
(1)(5)(1)— — (7)
Tax (provision) benefit
— 1 — — — 1 
Total amount reclassified from AOCI, net of tax(1)(4)(1)— — (6)
Other comprehensive income (loss)(338)(39)— (1)— (378)
Balance, March 31, 2022$37 $(63)$(21)$(37)$6 $(78)

Share Repurchases

    As of May 9, 2023, the Company was authorized to purchase $201 million of its common shares. The Company expects to repurchase shares from time to time in the open market or in privately negotiated transactions. The timing, form and amount of the share repurchases under the program are at the discretion of management and will depend on a variety of factors, including funds available at the parent company, other potential uses for such funds, market conditions, the Company’s capital position, legal requirements and other factors. The repurchase program may be modified, extended or terminated by the Board of Directors at any time. It does not have an expiration date.

Share Repurchases
PeriodNumber of Shares RepurchasedTotal Payments
(in millions)		Average Price Paid Per Share
2022 (January 1 - March 31)2,738,223 $155 $56.62 
2022 (April 1 - June 30)2,605,947 151 58.03 
2022 (July 1- September 30)1,790,395 97 53.77 
2022 (October 1- December 31)1,713,416 100 58.34 
Total 20228,847,981 $503 56.79 
2023 (January 1 - May 9)36,369 2 62.23