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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Earnings (Loss)
Treasury Stock
Non-controlling Interest
Beginning balance at Dec. 31, 2018 $ 4,628 $ 0 $ 4,500 $ 641 $ (13) $ (498) $ (2)
Beginning balance (in shares) at Dec. 31, 2018   290,000       14,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of stock options (in shares)   2,000          
Exercise of stock options 39   39        
Purchase of incremental shares in consolidated subsidiaries/Purchase of Servicelink non-controlling interest (14)   4       (18)
Treasury stock repurchased (85)         $ (85)  
Treasury stock repurchased (in shares)           2,000  
Other comprehensive earnings/gain (loss) - unrealized gain on investments and other financial instruments 56       56    
Other comprehensive earnings - unrealized gain (loss) on investments in unconsolidated affiliates 5 [1]       5    
Other comprehensive earnings - unrealized (loss) gain on foreign currency translation 4 [2]       4    
Reclassification adjustments for change in unrealized gains and losses included in net earnings (9) [3]       (9)    
Stock-based compensation 38   38        
Shares withheld for taxes and in treasury (in shares)           (1,000)  
Shares withheld for taxes and in treasury (15)         $ (15)  
Dividends declared (347)     (347)      
Subsidiary dividends declared to non-controlling interests (11)           (11)
Change in reinsurance liabilities held at fair value resulting from change in instrument-specific credit risk [4] 0            
Net earnings 1,076     1,062     14
Ending balance at Dec. 31, 2019 5,365 $ 0 4,581 1,356 43 $ (598) (17)
Ending balance (in shares) at Dec. 31, 2019   292,000       17,000  
Beginning Balance at Dec. 31, 2018 344            
Ending Balance at Dec. 31, 2019 344            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of stock options (in shares)   3,000          
Exercise of stock options 62   62        
F&G Acquisition (in shares)   25,000       7,000  
F&G Acquisition 610   827     $ (217)  
Purchase of incremental shares in consolidated subsidiaries/Purchase of Servicelink non-controlling interest 258   211     0 (47)
Treasury stock repurchased (244)         $ (244)  
Treasury stock repurchased (in shares)           7,000  
Issuance of restricted stock (in shares)   2,000          
Other comprehensive earnings/gain (loss) - unrealized gain on investments and other financial instruments 1,310       1,310    
Other comprehensive earnings - unrealized gain (loss) on investments in unconsolidated affiliates 3 [1]       3    
Other comprehensive earnings - unrealized (loss) gain on foreign currency translation 10 [2]       10    
Other comprehensive earnings - minimum pension liability adjustment 14       14    
Reclassification adjustments for change in unrealized gains and losses included in net earnings (73) [3]       (73)    
Stock-based compensation 39   39        
Shares withheld for taxes and in treasury (8)         $ (8)  
Dividends declared (389)     (389)      
Subsidiary dividends declared to non-controlling interests (14)           (14)
Change in reinsurance liabilities held at fair value resulting from change in instrument-specific credit risk (3)       (3)    
Net earnings 1,452     1,427     25
Ending balance at Dec. 31, 2020 8,392 $ 0 5,720 2,394 1,304 $ (1,067) 41
Ending balance (in shares) at Dec. 31, 2020   322,000       31,000  
Increase (Decrease) in Temporary Equity [Roll Forward]              
Purchase of ServiceLink noncontrolling interest (344)            
Ending Balance at Dec. 31, 2020 0            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of stock options (in shares)   2,000          
Exercise of stock options 50   50        
Purchase of incremental shares in consolidated subsidiaries/Purchase of Servicelink non-controlling interest (1)           (1)
Treasury stock repurchased (461)         $ (461)  
Treasury stock repurchased (in shares)           (10,000)  
Issuance of restricted stock (in shares)   1,000          
Other comprehensive earnings/gain (loss) - unrealized gain on investments and other financial instruments (413)       (413)    
Other comprehensive earnings - unrealized gain (loss) on investments in unconsolidated affiliates 22 [1]       22    
Other comprehensive earnings - unrealized (loss) gain on foreign currency translation (7) [2]       (7)    
Other comprehensive earnings - minimum pension liability adjustment (7)       (7)    
Reclassification adjustments for change in unrealized gains and losses included in net earnings (123) [3]       (123)    
Stock-based compensation 41   41        
Shares withheld for taxes and in treasury (in shares)           1,000  
Shares withheld for taxes and in treasury (17)         $ (17)  
Dividends declared (447)     (447)      
Subsidiary dividends declared to non-controlling interests (19)           (19)
Change in reinsurance liabilities held at fair value resulting from change in instrument-specific credit risk 3 [4]       3    
Net earnings 2,442     2,422     20
Ending balance at Dec. 31, 2021 $ 9,457 $ 0 $ 5,811 $ 4,369 $ 779 $ (1,545) $ 43
Ending balance (in shares) at Dec. 31, 2021   325,000       42,000  
[1] Net of income tax expense of $7 million, $1 million, and $2 million for the years ended December 31, 2021, 2020, and 2019, respectively.
[2] Net of income tax (benefit) expense of less than $(1) million, $1 million, and $1 million for the years ended December 31, 2021, 2020, and 2019, respectively.
[3] Net of income tax expense of $33 million, $18 million and $3 million for the years ended December 31, 2021, 2020 and 2019, respectively.
[4] Net of income tax expense (benefit) of $1 million and $(1) million for the years ended December 31, 2021 and 2020, respectively.