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Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Changes in Accumulated Other Comprehensive Income by Component

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

Third 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 Impairment						Credit Impairment
			(in millions)
Balance, June 30, 2023			$	(284)					$	(115)					$	(22)					$	(42)					$	5					$	(458)
Other comprehensive income (loss) before reclassifications			(115)						(14)						10						(1)						—						(120)
Less: Amounts reclassified from AOCI to:
Net realized investment gains (losses)			(2)						(7)						—						—						—						(9)
Fair value gains (losses) on CIVs			—						—						—						(6)						—						(6)
Total before tax			(2)						(7)						—						(6)						—						(15)
Tax (provision) benefit			—						1						—						1						—						2
Total amount reclassified from AOCI, net of tax			(2)						(6)						—						(5)						—						(13)
Other comprehensive income (loss)			(113)						(8)						10						4						—						(107)
Balance, September 30, 2023			$	(397)					$	(123)					$	(12)					$	(38)					$	5					$	(565)

Changes in Accumulated Other Comprehensive Income (Loss) by Component

Third 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 Impairment						Credit Impairment
			(in millions)
Balance, June 30, 2022			$	(205)					$	(107)					$	(19)					$	(45)					$	6					$	(370)
Other comprehensive income (loss) before reclassifications			(286)						(1)						(3)						(4)						—						(294)
Less: Amounts reclassified from AOCI to:
Net realized investment gains (losses)			(11)						(3)						—						—						—						(14)
Total before tax			(11)						(3)						—						—						—						(14)
Tax (provision) benefit			2						—						—						—						—						2
Total amount reclassified from AOCI, net of tax			(9)						(3)						—						—						—						(12)
Other comprehensive income (loss)			(277)						2						(3)						(4)						—						(282)
Balance, September 30, 2022			$	(482)					$	(105)					$	(22)					$	(49)					$	6					$	(652)

Changes in Accumulated Other Comprehensive Income (Loss) by Component

Nine Months 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 Impairment						Credit Impairment
			(in millions)
Balance, December 31, 2022			$	(343)					$	(110)					$	(23)					$	(45)					$	6					$	(515)
Other comprehensive income (loss) before reclassifications			(54)						(31)						9						2						—						(74)
Less: Amounts reclassified from AOCI to:
Net realized investment gains (losses)			2						(22)						—						—						—						(20)
Fair value gains (losses) on FG VIEs			—						—						(2)						—						—						(2)
Fair value gains (losses) on CIVs			—						—						—						(6)						—						(6)
Interest expense			—						—						—						—						1						1
Total before tax			2						(22)						(2)						(6)						1						(27)
Tax (provision) benefit			(2)						4						—						1						—						3
Total amount reclassified from AOCI, net of tax			—						(18)						(2)						(5)						1						(24)
Other comprehensive income (loss)			(54)						(13)						11						7						(1)						(50)
Balance, September 30, 2023			$	(397)					$	(123)					$	(12)					$	(38)					$	5					$	(565)

Changes in Accumulated Other Comprehensive Income (Loss) by Component

Nine Months 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 Impairment						Credit Impairment
			(in millions)
Balance, December 31, 2021			$	375					$	(24)					$	(21)					$	(36)					$	6					$	300
Other comprehensive income (loss) before reclassifications			(886)						(92)						(2)						(13)						—						(993)
Less: Amounts reclassified from AOCI to:
Net realized investment gains (losses)			(35)						(13)						—						—						—						(48)
Fair value gains (losses) on FG VIEs			—						—						(2)						—						—						(2)
Total before tax			(35)						(13)						(2)						—						—						(50)
Tax (provision) benefit			6						2						1						—						—						9
Total amount reclassified from AOCI, net of tax			(29)						(11)						(1)						—						—						(41)
Other comprehensive income (loss)			(857)						(81)						(1)						(13)						—						(952)
Balance, September 30, 2022			$	(482)					$	(105)					$	(22)					$	(49)					$	6					$	(652)

Schedule of Share Repurchases

Share Repurchases

Period						Number of Shares Repurchased						Total 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 2022						8,847,981						$	503					56.79
2023 (January 1 - March 31)						36,369						2						62.23
2023 (April 1 - June 30)						453,942						24						53.08
2023 (July 1 - September 30)						1,065,902						64						59.67
2023 (October 1 - November 7)						682,676						42						61.17
Total 2023						2,238,889						$	132					58.83

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Schedule Of Share Repurchases [Table Text Block]

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481674/830-30-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481694/830-30-45-20

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