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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, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES      
Investment gains (losses), net $ (493) $ (631) $ 863
Total revenues 10,528 12,644 7,614
EXPENSES      
Interest expense 228 201 244
Other operating costs and expenses 1,898 2,185 2,107
Income (loss) from continuing operations, before income taxes 738 2,992 2,609
Income tax (expense) benefit 905 (598) (439)
Net income (loss) 1,643 2,394 2,170
Less: Preferred stock dividends 80 80 79
Net income (loss) available to Holdings’ common shareholders, basic 1,222 2,073 1,676
Net income (loss) available to Holdings’ common shareholders, diluted 1,222 2,073 1,676
Net income (loss) 1,643 2,394 2,170
Change in net unrealized gains (losses) on investments (206) 1,364 654
Change in defined benefit plans (3) 18 266
Total other comprehensive income (loss), net of income taxes 1,225 (10,311) (1,877)
Comprehensive income (loss) attributable to Holdings 2,517 (8,142) (123)
Parent      
REVENUES      
Equity in income (losses) from continuing operations of consolidated subsidiaries 1,355 2,282 2,042
Net investment income (loss) 106 66 26
Investment gains (losses), net 0 0 (12)
Total revenues 1,461 2,348 2,056
EXPENSES      
Interest expense 291 248 241
Other operating costs and expenses 37 33 58
Total expenses 328 281 299
Income (loss) from continuing operations, before income taxes 1,133 2,067 1,757
Income tax (expense) benefit 169 86 (2)
Net income (loss) 1,302 2,153 1,755
Less: Preferred stock dividends 80 80 79
Net income (loss) available to Holdings’ common shareholders, basic 1,222 2,073 1,676
Net income (loss) available to Holdings’ common shareholders, diluted 1,222 2,073 1,676
Net income (loss) 1,302 2,153 1,755
Change in net unrealized gains (losses) on investments 24 (6) (85)
Change in defined benefit plans (10) 10 251
Equity in net other comprehensive income (loss) from continuing operations of consolidated subsidiaries 1,201 (10,299) (2,726)
Total other comprehensive income (loss), net of income taxes 1,215 (10,295) (2,560)
Comprehensive income (loss) attributable to Holdings $ 2,517 $ (8,142) $ (805)