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SCHEDULE II - PARENT COMPANY - Statement of Income (Loss) and Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES      
Investment gains (losses), net $ (631) $ 863 $ 872
Other income 1,028 926 576
Total revenues 12,644 7,614 12,415
EXPENSES      
Interest expense 201 244 200
Other operating costs and expenses 2,185 2,107 1,700
Income (loss) from continuing operations, before income taxes 2,992 2,609 (1,093)
Income tax (expense) benefit (598) (439) 744
Net income (loss) 2,394 2,170 (349)
Less: Preferred stock dividends 80 79 53
Net income (loss) available to Holdings’ common shareholders 2,073 1,676 (701)
Net income (loss) available to Holdings’ common shareholders 2,073 1,676 (701)
Change in net unrealized gains (losses) on investments 1,364 654 (786)
Changes in defined benefit plan related items not yet recognized in periodic benefit cost, net of reclassification adjustment 18 266 48
Total other comprehensive income (loss), net of income taxes (10,311) (1,877) 3,026
Comprehensive income (loss) attributable to Holdings (8,142) (123) 2,371
Parent      
REVENUES      
Equity in income (losses) from continuing operations of consolidated subsidiaries 2,282 2,042 (668)
Net investment income (loss) 66 26 26
Investment gains (losses), net 0 (12) 0
Total revenues 2,348 2,056 (642)
EXPENSES      
Interest expense 248 241 229
Other operating costs and expenses 33 58 40
Total expenses 281 299 269
Income (loss) from continuing operations, before income taxes 2,067 1,757 (911)
Income tax (expense) benefit 86 (2) 263
Net income (loss) 2,153 1,755 (648)
Less: Preferred stock dividends 80 79 53
Net income (loss) available to Holdings’ common shareholders 2,073 1,676 (701)
Net income (loss) available to Holdings’ common shareholders 2,073 1,676 (701)
Change in net unrealized gains (losses) on investments (6) (85) 47
Changes in defined benefit plan related items not yet recognized in periodic benefit cost, net of reclassification adjustment 10 251 53
Equity in net other comprehensive income (loss) from continuing operations of consolidated subsidiaries (10,299) (2,726) 2,919
Total other comprehensive income (loss), net of income taxes (10,295) (2,560) 3,019
Comprehensive income (loss) attributable to Holdings $ (8,142) $ (805) $ 2,371