XML 45 R29.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Accounts Payable and Other Accrued Liabilities | 12 Months Ended
--- | ---
Dec. 31, 2023
Payables and Accruals [Abstract] |
Accounts Payable and Other Accrued Liabilities | Accounts Payable and Other Accrued Liabilities Accounts payable and other accrued liabilities consist of the following:
| December 31,
| 2023 |  | 2022
| (In millions)
Salaries and incentives | $ | 373 |  |  | $ | 390 |
Accrued benefits | 437 |  |  | 408 |
URL | 270 |  |  | 166 |
Deferred revenue | 91 |  |  | 93 |
Contingent consideration - acquisitions | 49 |  |  | 47 |
Trade accounts payable | 339 |  |  | 156 |
Accrued recording fees and transfer taxes | 15 |  |  | 12 |
Accrued premium taxes | 3 |  |  | 20 |
Liability for policy and contract claims | 92 |  |  | 109 |
Retained asset account | 81 |  |  | 117 |
Remittances and items not allocated | 284 |  |  | 225 |
Option collateral liabilities | 588 |  |  | 178 |
Other accrued liabilities | 387 |  |  | 405 |
| $ | 3,009 |  |  | $ | 2,326 |
The following tables roll forward URL for the years ended December 31, 2023 and December 31, 2022:
| Universal Life |  |  |  |  |  | Total
| (In millions)
Balance at January 1, 2023 | $ | 166 |  |  |  |  |  |  | $ | 166 |
Capitalization | 119 |  |  |  |  |  |  | 119 |
Amortization | (15) |  |  |  |  |  |  | (15) |
Balance at December 31, 2023 | $ | 270 |  |  |  |  |  |  | $ | 270 |
| Universal Life |  |  |  |  |  | Total
| (In millions)
Balance at January 1, 2022 | $ | 87 |  |  |  |  |  |  | $ | 87 |
Capitalization | 89 |  |  |  |  |  |  | 89 |
Amortization | (10) |  |  |  |  |  |  | (10) |
Balance at December 31, 2022 | $ | 166 |  |  |  |  |  |  | $ | 166 |
For IUL the cash flow assumptions used to amortize URL reflect the company’s best estimates for policyholder behavior. We review cash flow assumptions annually, generally in the third quarter. In 2023, F&G undertook a review of all significant assumptions and there were changes to IUL assumptions involving surrender rates and premium persistency. In 2022, F&G undertook a review of all significant assumptions and there were no changes with a significant impact.

X
- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_PayablesAndAccrualsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration