XML 110 R99.htm IDEA: XBRL DOCUMENT v3.23.2
Shareholders' Equity - Changes in AOCI by Component (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Changes in Accumulated Other Comprehensive Income [Roll Forward]        
Beginning balance     $ 5,064  
Other comprehensive income (loss) before reclassifications $ (46) $ (315) 46 $ (699)
Less: Amounts reclassified from AOCI to:        
Net realized investment gains (losses) (9) (28) (11) (25)
Interest expense 22 20 43 40
Income (loss) before income taxes 144 (22) 264 71
Tax (provision) benefit (18) (3) (41) (21)
Other comprehensive income (loss) (38) (292) 57 (670)
Ending balance 5,276   5,276  
Reclassification out of Accumulated Other Comprehensive Income        
Less: Amounts reclassified from AOCI to:        
Net realized investment gains (losses) (9) (28) (11) (34)
Fair value gains (losses) on FG VIEs (1) (1) (2) (2)
Interest expense 1   1  
Income (loss) before income taxes (9) (29) (12) (36)
Tax (provision) benefit 1 6 1 7
Total amount reclassified from AOCI, net of tax (8) (23) (11) (29)
Total AOCI        
Changes in Accumulated Other Comprehensive Income [Roll Forward]        
Beginning balance (420) (78) (515) 300
Less: Amounts reclassified from AOCI to:        
Ending balance (458) (370) (458) (370)
No Credit Impairment        
Changes in Accumulated Other Comprehensive Income [Roll Forward]        
Beginning balance (254) 37 (343) 375
Other comprehensive income (loss) before reclassifications (30) (261) 61 (600)
Less: Amounts reclassified from AOCI to:        
Other comprehensive income (loss) (30) (242) 59 (580)
Ending balance (284) (205) (284) (205)
No Credit Impairment | Reclassification out of Accumulated Other Comprehensive Income        
Less: Amounts reclassified from AOCI to:        
Net realized investment gains (losses) 1 (23) 4 (24)
Fair value gains (losses) on FG VIEs 0 0 0 0
Interest expense 0   0  
Income (loss) before income taxes 1 (23) 4 (24)
Tax (provision) benefit (1) 4 (2) 4
Total amount reclassified from AOCI, net of tax 0 (19) 2 (20)
Credit Impairment        
Changes in Accumulated Other Comprehensive Income [Roll Forward]        
Beginning balance (105) (63) (110) (24)
Other comprehensive income (loss) before reclassifications (18) (48) (17) (91)
Less: Amounts reclassified from AOCI to:        
Other comprehensive income (loss) (10) (44) (5) (83)
Ending balance (115) (107) (115) (107)
Credit Impairment | Reclassification out of Accumulated Other Comprehensive Income        
Less: Amounts reclassified from AOCI to:        
Net realized investment gains (losses) (10) (5) (15) (10)
Fair value gains (losses) on FG VIEs 0 0 0 0
Interest expense 0   0  
Income (loss) before income taxes (10) (5) (15) (10)
Tax (provision) benefit 2 1 3 2
Total amount reclassified from AOCI, net of tax (8) (4) (12) (8)
ISCR on FG VIEs’ Liabilities with Recourse        
Changes in Accumulated Other Comprehensive Income [Roll Forward]        
Beginning balance (24) (21) (23) (21)
Other comprehensive income (loss) before reclassifications 1 2 (1) 1
Less: Amounts reclassified from AOCI to:        
Other comprehensive income (loss) 2 2 1 2
Ending balance (22) (19) (22) (19)
ISCR on FG VIEs’ Liabilities with Recourse | Reclassification out of Accumulated Other Comprehensive Income        
Less: Amounts reclassified from AOCI to:        
Net realized investment gains (losses) 0 0 0 0
Fair value gains (losses) on FG VIEs (1) (1) (2) (2)
Interest expense 0   0  
Income (loss) before income taxes (1) (1) (2) (2)
Tax (provision) benefit 0 1 0 1
Total amount reclassified from AOCI, net of tax (1) 0 (2) (1)
Cumulative Translation Adjustment        
Changes in Accumulated Other Comprehensive Income [Roll Forward]        
Beginning balance (43) (37) (45) (36)
Other comprehensive income (loss) before reclassifications 1 (8) 3 (9)
Less: Amounts reclassified from AOCI to:        
Other comprehensive income (loss) 1 (8) 3 (9)
Ending balance (42) (45) (42) (45)
Cumulative Translation Adjustment | Reclassification out of Accumulated Other Comprehensive Income        
Less: Amounts reclassified from AOCI to:        
Net realized investment gains (losses) 0 0 0 0
Fair value gains (losses) on FG VIEs 0 0 0 0
Interest expense 0   0  
Income (loss) before income taxes 0 0 0 0
Tax (provision) benefit 0 0
Total amount reclassified from AOCI, net of tax 0 0 0 0
Cash Flow  Hedge        
Changes in Accumulated Other Comprehensive Income [Roll Forward]        
Beginning balance 6 6 6 6
Other comprehensive income (loss) before reclassifications 0 0 0 0
Less: Amounts reclassified from AOCI to:        
Other comprehensive income (loss) (1) 0 (1) 0
Ending balance 5 6 5 6
Cash Flow  Hedge | Reclassification out of Accumulated Other Comprehensive Income        
Less: Amounts reclassified from AOCI to:        
Net realized investment gains (losses) 0 0 0 0
Fair value gains (losses) on FG VIEs 0 0 0 0
Interest expense 1   1  
Income (loss) before income taxes 1 0 1 0
Tax (provision) benefit 0 0 0 0
Total amount reclassified from AOCI, net of tax $ 1 $ 0 $ 1 $ 0