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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
The following section was prepared in accordance with Item 402(v) of the SEC’s Regulation
S-K.
The table below reflects certain information regarding executive compensation actually paid, as defined by Item 402(v) of the SEC’s Regulation
S-K,
and certain measures of our financial performance for the three most recently
co
mpleted fiscal years, 2020-2022. For further information concerning the Company’s pay for performance philosophy and how the Company aligns executive compensation with the Company’s performance, refer to our CD&A:
 
   Year
  
Summary
Compensation
Table (SCT)
Total to PEO
($)
(1
)
    
Compensation
Actually Paid
(CAP) to PEO
($)
(4)
    
Average SCT Total
to Non-PEO NEOs
($)
(1)
    
Average CAP to
Non-PEO NEOs
($)
(4)
    
Value of initial fixed $100 investment
based on:
    
Net Income
($MM)
    
Adjusted
EPS
($)
(3)
 
  
Company
Total Shareholder
Return (TSR)
($)
    
Financial Services
Composite Index
TSR
($)
(3)
 
2022
     20,093,608        10,248,958        9,324,926        5,172,084        124        137        (1,438      11.29  
2021
     19,799,737        31,070,154        9,879,467        15,228,582        129        138        7,724        12.68  
2020
     14,990,254        10,531,380        8,045,602        6,032,859        89        101        (324      11.05  
 
(1)
The principal executive officer (PEO) reflected for all years shown is Charles F. Lowrey. The non-PEO named executive officers (NEOs) reflected for 2021 and 2022 are: Kenneth Y. Tanji, Robert M. Falzon, Scott G. Sleyster and Andrew F. Sullivan. For 2020, the non-PEO NEOs are Stephen Pelletier, who retired from the Company on April 1, 2020, as well as Messrs. Tanji, Falzon, Sleyster, and Sullivan.
 
(2)
The peer group reflected is a Financial Services Composite Index, which is the average of the S&P 500 Life & Health Insurance and S&P 500 Diversified Financials indices
 
(3)
Adjusted EPS is calculated as described in Appendix A to this Proxy Statement and is subject to the standard adjustments described in Annual Incentive Awards section within the CD&A.
 
(4)
The amounts reported as Compensation Actually Paid (CAP) to our PEO and Average CAP to Non-PEO NEOs are derived from Summary Compensation Table (SCT) Totals, as follows:
PEO SCT Total to CAP Reconciliation
 
            Deductions from SCT Total          Additions to SCT Total         
Year   
SCT Total
($)
    
Change in
Pension
Value
($)
    
Grant Date
Fair Value of
Stock and
Option Awards
($)
         
Pension
Service
Cost
($)
     Above-Market
Interest on
Supplemental
Employee
Savings Plan
($)
    
Fair Value of
Stock and
Option Awards
Granted as of
FY End
($)
    
Change in
Value of Prior
Year Stock and
Option Awards
Unvested as of
FY End
($)
   
Change in
Value of Prior
Year Stock and
Option Awards
That Vested
($)
   
Dividend
Equivalents
Paid
($)
    
CAP
($)
 
2022
     20,093,608        1,016,309        12,500,145    
 
     443,465        4,459        6,327,527        (5,156,618     1,154,676       898,296        10,248,958  
2021
     19,799,737        781,247        11,300,123    
 
     439,898        10,452        17,273,653        5,017,220       170,415       440,148        31,070,154  
2020
     14,990,254        1,133,852        6,662,505    
 
     413,560        12,039        4,381,842        (1,756,444     (15,084     301,570        10,531,380  
Average
Non-PEO
NEOs SCT Total to CAP Reconciliation
 
            Deductions from SCT Total          Additions to SCT Total         
Year   
SCT Total
($)
    
Change in
Pension
Value
($)
    
Grant Date
Fair Value of
Stock and
Option Awards
($)
         
Pension
Service
Cost
($)
     Above-Market
Interest on
Supplemental
Employee
Savings Plan
($)
    
Fair Value of
Stock and
Option Awards
Granted as of
FY End
($)
    
Change in
Value of Prior
Year Stock and
Option Awards
Unvested as of
FY End
($)
    Change in
Value of Prior
Year Stock and
Option Awards
That Vested
($)
   
Dividend
Equivalents
Paid
($)
    
CAP
($)
 
2022
     9,324,926        47,351        5,600,107    
 
     216,251        1,832        2,834,755        (2,452,765      504,637       389,908        5,172,084  
2021
     9,879,467        275,707        5,350,094    
 
     206,194        4,213        8,178,284        2,310,256       75,981       199,986        15,228,582  
2020
       8,045,602          958,010          3,379,427    
 
     782,666          3,769         2,222,605        (822,363     (7,243     145,260        6,032,859  
   
Company Selected Measure Name Adjusted EPS    
Named Executive Officers, Footnote [Text Block] The principal executive officer (PEO) reflected for all years shown is Charles F. Lowrey. The non-PEO named executive officers (NEOs) reflected for 2021 and 2022 are: Kenneth Y. Tanji, Robert M. Falzon, Scott G. Sleyster and Andrew F. Sullivan. For 2020, the non-PEO NEOs are Stephen Pelletier, who retired from the Company on April 1, 2020, as well as Messrs. Tanji, Falzon, Sleyster, and Sullivan.    
Peer Group Issuers, Footnote [Text Block] The peer group reflected is a Financial Services Composite Index, which is the average of the S&P 500 Life & Health Insurance and S&P 500 Diversified Financials indices    
PEO Total Compensation Amount $ 20,093,608 $ 19,799,737 $ 14,990,254
PEO Actually Paid Compensation Amount $ 10,248,958 31,070,154 10,531,380
Adjustment To PEO Compensation, Footnote [Text Block]
PEO SCT Total to CAP Reconciliation
 
            Deductions from SCT Total          Additions to SCT Total         
Year   
SCT Total
($)
    
Change in
Pension
Value
($)
    
Grant Date
Fair Value of
Stock and
Option Awards
($)
         
Pension
Service
Cost
($)
     Above-Market
Interest on
Supplemental
Employee
Savings Plan
($)
    
Fair Value of
Stock and
Option Awards
Granted as of
FY End
($)
    
Change in
Value of Prior
Year Stock and
Option Awards
Unvested as of
FY End
($)
   
Change in
Value of Prior
Year Stock and
Option Awards
That Vested
($)
   
Dividend
Equivalents
Paid
($)
    
CAP
($)
 
2022
     20,093,608        1,016,309        12,500,145    
 
     443,465        4,459        6,327,527        (5,156,618     1,154,676       898,296        10,248,958  
2021
     19,799,737        781,247        11,300,123    
 
     439,898        10,452        17,273,653        5,017,220       170,415       440,148        31,070,154  
2020
     14,990,254        1,133,852        6,662,505    
 
     413,560        12,039        4,381,842        (1,756,444     (15,084     301,570        10,531,380  
   
Non-PEO NEO Average Total Compensation Amount $ 9,324,926 9,879,467 8,045,602
Non-PEO NEO Average Compensation Actually Paid Amount $ 5,172,084 15,228,582 6,032,859
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
Average
Non-PEO
NEOs SCT Total to CAP Reconciliation
 
            Deductions from SCT Total          Additions to SCT Total         
Year   
SCT Total
($)
    
Change in
Pension
Value
($)
    
Grant Date
Fair Value of
Stock and
Option Awards
($)
         
Pension
Service
Cost
($)
     Above-Market
Interest on
Supplemental
Employee
Savings Plan
($)
    
Fair Value of
Stock and
Option Awards
Granted as of
FY End
($)
    
Change in
Value of Prior
Year Stock and
Option Awards
Unvested as of
FY End
($)
    Change in
Value of Prior
Year Stock and
Option Awards
That Vested
($)
   
Dividend
Equivalents
Paid
($)
    
CAP
($)
 
2022
     9,324,926        47,351        5,600,107    
 
     216,251        1,832        2,834,755        (2,452,765      504,637       389,908        5,172,084  
2021
     9,879,467        275,707        5,350,094    
 
     206,194        4,213        8,178,284        2,310,256       75,981       199,986        15,228,582  
2020
       8,045,602          958,010          3,379,427    
 
     782,666          3,769         2,222,605        (822,363     (7,243     145,260        6,032,859  
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]
Compensation Actually Paid vs. TSR
 
As shown to the right, the Compensation Actually Paid to our PEO and our other NEOs are directionally aligned with Company TSR between 2020 and 2022.
 
    
   LOGO
   
Compensation Actually Paid vs. Net Income [Text Block]
Compensation Actually Paid vs. Net Income
 
As shown to the right, the Compensation Actually Paid to the PEO and our other NEOs is strongly correlated with our Net Income between 2020 and 2022. While the Company does not use Net Income as a direct measure to determine payouts under its incentive plans, Compensation Actually Paid is strongly aligned with Company earnings.           LOGO
   
Compensation Actually Paid vs. Company Selected Measure [Text Block]
Compensation Actually Paid vs. Adjusted EPS
 
As shown to the right, the Compensation Actually Paid to the PEO and our other NEOs is strongly aligned with Adjusted EPS, our Company-selected measure, further reflecting the correlation between Compensation Actually Paid and Company earnings.           LOGO
   
Tabular List [Table Text Block]
Most Important Financial Performance Measures
 
The three items listed to the right represent the most important metrics we used to link our executive compensation program and our named executive officers’ Compensation Actually Paid to our performance for 2022. These metrics, and why we selected these measures, are further described in the CD&A within the section titled “Formulaic Framework for Incentive Programs.”
 
 
    
   
   
 
 
Adjusted Earnings Per Share (EPS)
 
 
 
Return on Equity (ROE)
 
 
Adjusted Book Value Per Share (BVPS)
 
   
   
Total Shareholder Return Amount $ 124 129 89
Peer Group Total Shareholder Return Amount 137 138 101
Net Income (Loss) $ (1,438,000,000) $ 7,724,000,000 $ (324,000,000)
Company Selected Measure Amount 0.1129 0.1268 0.1105
PEO Name Charles F. Lowrey    
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted Earnings Per Share (EPS)    
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Return on Equity (ROE)    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted Book Value Per Share (BVPS)    
PEO [Member] | Change in Pension Value [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 1,016,309 $ 781,247 $ 1,133,852
PEO [Member] | Grade Date Fair Value of Equity Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 12,500,145 11,300,123 6,662,505
PEO [Member] | Pension Service Cost [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 443,465 439,898 413,560
PEO [Member] | Above-market interest on Supplemental Employee Savings Plan [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 4,459 10,452 12,039
PEO [Member] | Fair Value of Current Year Equity Awards at FY End [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 6,327,527 17,273,653 4,381,842
PEO [Member] | Change in Value of Prior Year Awards Unvested at FY End [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (5,156,618) 5,017,220 (1,756,444)
PEO [Member] | Change in Value of Prior Year Awards That Vested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,154,676 170,415 (15,084)
PEO [Member] | Dividend Equivalents Paid [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 898,296 440,148 301,570
Non-PEO NEO [Member] | Change in Pension Value [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 47,351 275,707 958,010
Non-PEO NEO [Member] | Grade Date Fair Value of Equity Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 5,600,107 5,350,094 3,379,427
Non-PEO NEO [Member] | Pension Service Cost [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 216,251 206,194 782,666
Non-PEO NEO [Member] | Above-market interest on Supplemental Employee Savings Plan [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,832 4,213 3,769
Non-PEO NEO [Member] | Fair Value of Current Year Equity Awards at FY End [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 2,834,755 8,178,284 2,222,605
Non-PEO NEO [Member] | Change in Value of Prior Year Awards Unvested at FY End [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (2,452,765) 2,310,256 (822,363)
Non-PEO NEO [Member] | Change in Value of Prior Year Awards That Vested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 504,637 75,981 (7,243)
Non-PEO NEO [Member] | Dividend Equivalents Paid [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 389,908 $ 199,986 $ 145,260