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Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Millions
Total
Non-cumulative preferred shares
Common shares
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Unrealized Appreciation on Available-For-Sale Investments
Foreign currency translation adjustments, net of deferred income tax
Common shares held in treasury, at cost
Balance at beginning of year at Dec. 31, 2020   $ 780 $ 1 $ 1,978 $ 12,362 $ 489 $ 501 $ (12) $ (2,504)
Preferred shares issued   500              
Preferred shares redeemed   (450)              
Issue costs on preferred shares issued       (14)          
Loss on redemption of preferred shares $ (15)     15 (15)        
Amortization of share-based compensation       86          
Other changes       20          
Net income 2,239       2,239        
Net (income) loss attributable to noncontrolling interests (82)       (82)        
Preferred share dividends (48)       (48)        
Unrealized holding gains (losses) during period, net of reclassification adjustment             (503)    
Unrealized holding gains (losses) during period attributable to noncontrolling interests             15    
Foreign currency translation adjustments (65)             (65)  
Foreign currency translation adjustments attributable to noncontrolling interests               (1)  
Shares repurchased for treasury (1,234)               (1,257)
Balance at end of year at Dec. 31, 2021 13,546 830 1 2,085 14,456 (65) 13 (78) (3,761)
Preferred shares issued   0              
Preferred shares redeemed   0              
Issue costs on preferred shares issued       0          
Loss on redemption of preferred shares 0     0 0        
Amortization of share-based compensation       88          
Other changes       38          
Net income 1,482       1,482        
Net (income) loss attributable to noncontrolling interests (6)       (6)        
Preferred share dividends (40)       (40)        
Unrealized holding gains (losses) during period, net of reclassification adjustment             (1,525)    
Unrealized holding gains (losses) during period attributable to noncontrolling interests             0    
Foreign currency translation adjustments (56)             (56)  
Foreign currency translation adjustments attributable to noncontrolling interests               0  
Shares repurchased for treasury (586)               (617)
Balance at end of year at Dec. 31, 2022 12,910 830 1 2,211 15,892 (1,646) (1,512) (134) (4,378)
Preferred shares issued   0              
Preferred shares redeemed   0              
Issue costs on preferred shares issued       0          
Loss on redemption of preferred shares 0     0 0        
Amortization of share-based compensation       93          
Other changes       23          
Net income 4,442       4,442        
Net (income) loss attributable to noncontrolling interests 1       1        
Preferred share dividends (40)       (40)        
Unrealized holding gains (losses) during period, net of reclassification adjustment             947    
Unrealized holding gains (losses) during period attributable to noncontrolling interests             0    
Foreign currency translation adjustments 23             23  
Foreign currency translation adjustments attributable to noncontrolling interests               0  
Shares repurchased for treasury 0               (46)
Balance at end of year at Dec. 31, 2023 $ 18,353 $ 830 $ 1 $ 2,327 $ 20,295 $ (676) $ (565) $ (111) $ (4,424)