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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Earnings (Loss)
Treasury Stock
Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2019   292       17  
Beginning balance at Dec. 31, 2019 $ 5,365 $ 0 $ 4,581 $ 1,356 $ 43 $ (598) $ (17)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of stock options (in shares)   2          
Exercise of stock options 37   37        
F&G acquisition 577   794     $ (217)  
F&G acquisition (in shares)   24       7  
Treasury stock repurchased (in shares)           (3)  
Treasury stock repurchased (104)         $ (104)  
Change in reinsurance liabilities held at fair value resulting from a change in the instrument-specific credit risk 3       3    
Other comprehensive earnings — unrealized gain on investments and other financial instruments 380       380    
Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates 7 [1]       7    
Other comprehensive loss - unrealized loss on foreign currency translation (4) [2]       (4)    
Reclassification adjustments for change in unrealized gains and losses included in net earnings 0            
Stock-based compensation 19   19        
Dividends declared, per common share (187)     (187)      
Subsidiary dividends declared to non-controlling interests (5)           (5)
Net earnings 261     248     13
Ending balance (in shares) at Jun. 30, 2020   318       27  
Ending balance at Jun. 30, 2020 6,349 $ 0 5,431 1,417 429 $ (919) (9)
Beginning Balance at Dec. 31, 2019 344            
Ending Balance at Jun. 30, 2020 344            
Beginning balance (in shares) at Mar. 31, 2020   292       20  
Beginning balance at Mar. 31, 2020 5,116 $ 0 4,592 1,204 28 $ (692) (16)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of stock options (in shares)   2          
Exercise of stock options 35   35        
F&G acquisition 577   794     $ (217)  
F&G acquisition (in shares)   24       7  
Treasury stock repurchased (in shares)           0  
Treasury stock repurchased (10)         $ (10)  
Change in reinsurance liabilities held at fair value resulting from a change in the instrument-specific credit risk 3       3    
Other comprehensive earnings — unrealized gain on investments and other financial instruments 389       389    
Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates [1] 0            
Other comprehensive loss - unrealized loss on foreign currency translation 5 [2]       5    
Reclassification adjustments for change in unrealized gains and losses included in net earnings 4 [3]       4    
Stock-based compensation 10   10        
Dividends declared, per common share (96)     (96)      
Subsidiary dividends declared to non-controlling interests (2)           (2)
Net earnings 318     309     9
Ending balance (in shares) at Jun. 30, 2020   318       27  
Ending balance at Jun. 30, 2020 6,349 $ 0 5,431 1,417 429 $ (919) (9)
Beginning Balance at Mar. 31, 2020 344            
Ending Balance at Jun. 30, 2020 344            
Beginning balance (in shares) at Dec. 31, 2020   323       31  
Beginning balance at Dec. 31, 2020 8,392 $ 0 5,720 2,394 1,304 $ (1,067) 41
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Purchase of incremental share in consolidated subsidiaries 1   0       1
Exercise of stock options (in shares)   1          
Exercise of stock options $ 30   30        
Treasury stock repurchased (in shares) 7            
Treasury stock repurchased $ (295)            
Change in reinsurance liabilities held at fair value resulting from a change in the instrument-specific credit risk 0            
Other comprehensive earnings — unrealized gain on investments and other financial instruments (168)       (168)    
Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates 9 [1]       9    
Other comprehensive loss - unrealized loss on foreign currency translation [2] 0            
Reclassification adjustments for change in unrealized gains and losses included in net earnings (51)       (51)    
Stock-based compensation 21   21        
Dividends declared, per common share (208)     (208)      
Subsidiary dividends declared to non-controlling interests (9)           (9)
Net earnings 1,166     1,157     9
Ending balance (in shares) at Jun. 30, 2021   324       38  
Ending balance at Jun. 30, 2021 8,888 $ 0 5,771 3,343 1,094 $ (1,362) 42
Beginning Balance at Dec. 31, 2020 0            
Ending Balance at Jun. 30, 2021 0            
Beginning balance (in shares) at Mar. 31, 2021   324       34  
Beginning balance at Mar. 31, 2021 8,226 $ 0 5,752 2,893 720 $ (1,179) 40
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Purchase of incremental share in consolidated subsidiaries 1           1
Exercise of stock options 9   9        
Treasury stock repurchased (in shares)           (4)  
Treasury stock repurchased (183)         $ (183)  
Change in reinsurance liabilities held at fair value resulting from a change in the instrument-specific credit risk 0            
Other comprehensive earnings — unrealized gain on investments and other financial instruments 377            
Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates [1] 0            
Other comprehensive loss - unrealized loss on foreign currency translation 2 [2]       2    
Reclassification adjustments for change in unrealized gains and losses included in net earnings (5) [3]       (5)    
Stock-based compensation 10   10        
Dividends declared, per common share (102)     (102)      
Subsidiary dividends declared to non-controlling interests (4)           (4)
Net earnings 557     552     5
Ending balance (in shares) at Jun. 30, 2021   324       38  
Ending balance at Jun. 30, 2021 8,888 $ 0 $ 5,771 $ 3,343 $ 1,094 $ (1,362) $ 42
Beginning Balance at Mar. 31, 2021 0            
Ending Balance at Jun. 30, 2021 $ 0            
[1] Net of income tax expense of $3 million and $2 million for the six-month periods ended June 30, 2021 and 2020, respectively.
[2] Net of income tax expense (benefit) of less than $1 million and $2 million for the three-month periods ended June 30, 2021 and 2020, respectively and less than $(1) million for the six-month periods ended June 30, 2021 and 2020, respectively.
[3] Net of income tax expense (benefit) of $1 million and $(1) million for the three-month periods ended June 30, 2021 and 2020, respectively, and $14 million and $0 million for the six-month periods ended June 30, 2021 and 2020, respectively.(5)Net of income tax expense of $1 million for the three and six-month periods ended June 30, 2020.