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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Earnings (Loss)
Treasury Stock
Non-controlling Interests
Beginning balance at Dec. 31, 2019 $ 5,365 $ 0 $ 4,581 $ 1,356 $ 43 $ (598) $ (17)
Beginning balance (in shares) at Dec. 31, 2019   292,000,000          
Beginning balance, Treasury stock (in shares) at Dec. 31, 2019           17,000,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of stock options (in shares) 3,208,712 3,000,000          
Exercise of stock options $ 62   62        
F&G Acquisition (in shares) 25,000,000         7,000,000  
F&G Acquisition $ 610   827     $ (217)  
Treasury stock repurchased (244)         $ (244)  
Treasury stock repurchased (in shares)           7,000,000  
Issuance of restricted stock (in shares)   2,000,000          
Purchase of incremental shares in consolidated subsidiaries/Purchase of Servicelink non-controlling interest 258   211       47
Other comprehensive earnings - unrealized gain (loss) on investments and other financial instruments 1,310       1,310    
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates 3 [1]       3    
Other comprehensive earnings - unrealized gain (loss) 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        
Dividends declared (389)     (389)      
Shares withheld for taxes and in treasury (8)         $ (8)  
Other comprehensive earnings attributable to non-controlling interest, tax expense 0            
Change in reinsurance liabilities held at fair value resulting from change in instrument-specific credit risk (3) [4]       (3)    
Subsidiary dividends declared to non-controlling interests (14)   0 0 0   (14)
Net earnings 1,452     1,427     25
Ending balance (in shares) at Dec. 31, 2020   322,000,000          
Ending balance at Dec. 31, 2020 8,392 $ 0 5,720 2,394 1,304 $ (1,067) 41
Ending balance, Treasury stock (in shares) at Dec. 31, 2020           31,000,000  
Beginning Balance at Dec. 31, 2019 344            
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) 1,325,300 2,000,000          
Exercise of stock options $ 50   50        
Treasury stock repurchased (461)         $ (461)  
Treasury stock repurchased (in shares)           10,000,000  
Issuance of restricted stock (in shares)   1,000,000          
Purchase of incremental shares in consolidated subsidiaries/Purchase of Servicelink non-controlling interest 1           1
Other comprehensive earnings - unrealized gain (loss) on investments and other financial instruments (413)       (413)    
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates 22 [1]       22    
Other comprehensive earnings - unrealized gain (loss) 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        
Dividends declared (447)     (447)      
Shares withheld for taxes and in treasury (in shares)           (1,000,000)  
Shares withheld for taxes and in treasury (17)         $ (17)  
Other comprehensive earnings attributable to non-controlling interest, tax expense 0            
Change in reinsurance liabilities held at fair value resulting from change in instrument-specific credit risk 3       3    
Subsidiary dividends declared to non-controlling interests (19)   0 0 0   (19)
Net earnings 2,442     2,422     20
Ending balance (in shares) at Dec. 31, 2021   325,000,000          
Ending balance at Dec. 31, 2021 9,457 $ 0 5,811 4,369 779 $ (1,545) 43
Ending balance, Treasury stock (in shares) at Dec. 31, 2021           42,000,000  
Ending Balance at Dec. 31, 2021 $ 0            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of stock options (in shares) 996,113 2,000,000          
Exercise of stock options $ 39   39        
Non-controlling interest associated with current period acquisitions 45           45
Treasury stock repurchased (549)         $ (549)  
Treasury stock repurchased (in shares)           13,000,000  
Issuance of restricted stock (in shares)   1,000,000          
Purchase of incremental shares in consolidated subsidiaries/Purchase of Servicelink non-controlling interest (15)   (3)       (12)
Other comprehensive earnings - unrealized gain (loss) on investments and other financial instruments (3,839)       (3,839)    
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates 9 [1]       9    
Other comprehensive earnings - unrealized gain (loss) on foreign currency translation (18) [2]       (18)    
Other comprehensive earnings - minimum pension liability adjustment 5       5    
Reclassification adjustments for change in unrealized gains and losses included in net earnings 173 [3]       173    
Stock-based compensation 49   48       1
Dividends declared (490)     (490)      
Shares withheld for taxes and in treasury (in shares)           0  
Shares withheld for taxes and in treasury (15)         $ (15)  
Distribution of 15% of the common stock of F&G 0   (19) (301)     320
Other comprehensive earnings attributable to non-controlling interest, tax expense (8) [5]       29   (29)
Change in reinsurance liabilities held at fair value resulting from change in instrument-specific credit risk [4] 0            
Subsidiary dividends declared to non-controlling interests (24)   (19) (301) (29)   (24)
Net earnings 1,152     1,136     16
Ending balance (in shares) at Dec. 31, 2022   328,000,000          
Ending balance at Dec. 31, 2022 $ 5,979 $ 0 $ 5,876 $ 4,714 $ (2,862) $ (2,109) $ 360
Ending balance, Treasury stock (in shares) at Dec. 31, 2022           55,000,000  
[1] Net of income tax expense of $3 million, $7 million, and $1 million for the years ended December 31, 2022, 2021, and 2020, respectively.
[2] Net of income tax (benefit) expense of $(4) million, $0 million, and $1 million for the years ended December 31, 2022, 2021, and 2020, respectively.
[3] Net of income tax expense (benefit) of $60 million, $(33) million and $(18) million for the years ended December 31, 2022, 2021 and 2020, respectively.
[4] Net of income tax expense (benefit) of $1 million and $(1) million for the years ended December 31, 2021, and 2020, respectively.
[5] Net of income tax expense of $8 million for the year ended December 31, 2022.