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v3.23.1

Segment Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Segment Information [Abstract] |
Reconciliation Of Revenue From Segments To Consolidated |
| As Restated |  | For the
| For the Years Ended |  | Year Ended
| December 31, |  | December 31,
| 2022 |  | 2021 |  | 2020
Revenues |  |  |  |  |  |  |  |  |
Operating revenues: |  |  |  |  |  |  |  |  |
Life Insurance | $ | 7,126 |  | $ | 8,145 |  | $ | 7,516 |
Annuities |  | 4,776 |  |  | 5,001 |  |  | 4,455 |
Group Protection |  | 5,304 |  |  | 4,995 |  |  | 4,793 |
Retirement Plan Services |  | 1,274 |  |  | 1,323 |  |  | 1,213 |
Other Operations |  | 158 |  |  | 181 |  |  | 185 |
Excluded realized gain (loss), pre-tax |  | 144 |  |  | 214 |  |  | (721 | )
Amortization of DFEL associated with benefit ratio unlocking, pre-tax |  | (16 | ) |  | 3 |  |  | (2 | )
Total revenues | $ | 18,766 |  | $ | 19,862 |  | $ | 17,439 |
Reconciliation Of Income (Loss) From Operations By Segment To Consolidated Net Income (Loss) |
| As Restated |  | For the
| For the Years Ended |  | Year Ended
| December 31, |  | December 31,
| 2022 |  | 2021 |  | 2020
Net Income (Loss) |  |  |  |  |  |  |  |  |
Income (loss) from operations: |  |  |  |  |  |  |  |  |
Life Insurance | $ | (1,965 | ) | $ | 525 |  | $ | (34 | )
Annuities |  | 1,246 |  |  | 1,282 |  |  | 983 |
Group Protection |  | 102 |  |  | (127 | ) |  | 43 |
Retirement Plan Services |  | 210 |  |  | 235 |  |  | 168 |
Other Operations |  | (496 | ) |  | (374 | ) |  | (295 | )
Excluded realized gain (loss), after-tax |  | 116 |  |  | 167 |  |  | (570 | )
Benefit ratio unlocking, after-tax |  | (820 | ) |  | 196 |  |  | 194 |
Impairment of intangibles |  | (634 | ) |  | - |  |  | - |
Net impact from the Tax Cuts and Jobs Act |  | - |  |  | - |  |  | 37 |
Transaction and integration costs related to mergers, acquisitions and divestitures, after-tax |  | - |  |  | (11 | ) |  | (15 | )
Gain (loss) on modification or early extinguishment of debt, after-tax |  | - |  |  | (6 | ) |  | (12 | )
Net income (loss) | $ | (2,241 | ) | $ | 1,887 |  | $ | 499 |
Reconciliation of Net Investment Income From Segments to Consolidated |
| As Restated |  | For the
| For the Years Ended |  | Year Ended
| December 31, |  | December 31,
| 2022 |  | 2021 |  | 2020
Net Investment Income |  |  |  |  |  |  |  |  |
Life Insurance | $ | 2,586 |  | $ | 3,207 |  | $ | 2,823 |
Annuities |  | 1,463 |  |  | 1,400 |  |  | 1,272 |
Group Protection |  | 334 |  |  | 365 |  |  | 330 |
Retirement Plan Services |  | 976 |  |  | 991 |  |  | 933 |
Other Operations |  | 156 |  |  | 148 |  |  | 152 |
Total net investment income | $ | 5,515 |  | $ | 6,111 |  | $ | 5,510 |
Reconciliation of DAC VOBA Amortization From Segments to Consolidated |
| As Restated |  | For the
| For the Years Ended |  | Year Ended
| December 31, |  | December 31,
| 2022 |  | 2021 |  | 2020
Amortization of DAC and VOBA, Net of Interest |  |  |  |  |  |  |  |  |
Life Insurance | $ | 623 |  | $ | 1,030 |  | $ | 785 |
Annuities |  | 400 |  |  | 439 |  |  | 387 |
Group Protection |  | 106 |  |  | 107 |  |  | 114 |
Retirement Plan Services |  | 18 |  |  | 32 |  |  | 29 |
Total amortization of DAC and VOBA, net of interest | $ | 1,147 |  | $ | 1,608 |  | $ | 1,315 |
Reconciliation of Federal Income Tax Expense (Benefit) from Segments to Consolidated Net Income (Loss) |
| As Restated |  | For the
| For the Years Ended |  | Year Ended
| December 31, |  | December 31,
| 2022 |  | 2021 |  | 2020
Federal Income Tax Expense (Benefit) |  |  |  |  |  |  |  |  |
Life Insurance | $ | (552 | ) | $ | 119 |  | $ | (33 | )
Annuities |  | 207 |  |  | 241 |  |  | 149 |
Group Protection |  | 28 |  |  | (34 | ) |  | 11 |
Retirement Plan Services |  | 35 |  |  | 48 |  |  | 24 |
Other Operations |  | (117 | ) |  | (106 | ) |  | (82 | )
Excluded realized gain (loss) |  | 28 |  |  | 48 |  |  | (151 | )
Gain (loss) on early extinguishment of debt |  | - |  |  | (2 | ) |  | (3 | )
Benefit ratio unlocking |  | (218 | ) |  | 52 |  |  | 51 |
Net impact from the Tax Cuts and Jobs Act |  | - |  |  | - |  |  | (37 | )
Transaction and integration costs related to mergers, |  |  |  |  |  |  |  |  |
acquisitions and divestitures |  | - |  |  | (4 | ) |  | (5 | )
Total federal income tax expense (benefit) | $ | (589 | ) | $ | 362 |  | $ | (76 | )
Reconciliation Of Assets From Segments To Consolidated |
| As Restated |
| As of December 31, |
| 2022 |  | 2021 |
Assets |  |  |  |  |  |
Life Insurance | $ | 95,413 |  | $ | 105,251 |
Annuities |  | 167,210 |  |  | 201,811 |
Group Protection |  | 9,802 |  |  | 10,522 |
Retirement Plan Services |  | 41,887 |  |  | 47,643 |
Other Operations |  | 20,796 |  |  | 21,718 |
Total assets | $ | 335,108 |  | $ | 386,945 |

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