XML 68 R57.htm IDEA: XBRL DOCUMENT v3.23.1
Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies (Narrative) (Details)
$ in Millions
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Oct. 01, 2021
USD ($)
Dec. 31, 2022
USD ($)
item
Sep. 30, 2022
USD ($)
Jun. 30, 2022
USD ($)
Mar. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Sep. 30, 2021
USD ($)
Jun. 30, 2021
USD ($)
Mar. 31, 2021
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Sep. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
Dec. 31, 2022
USD ($)
item
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Product Information [Line Items]                                
Estimated Contract Life UL Policies (In Years)                           40 years    
Estimated Contract Life VUL Policies (In Years)                           40 years    
Front End Load Annuity Products Assumed Life (In Years)                           25 years    
Number Of Scenarios Used Per Policy To Value A Block Of Guarantees   100                       100    
Total Scenarios To Value GLB liability | item   44,000,000                       44,000,000    
Dividend Expenses                           $ 49 $ 48 $ 53
Other revenues   $ 191 $ 189 $ 160 $ 182 $ 206 $ 181 $ 192 $ 198         723 777 658
Insurance fees   1,453 1,527 1,506 1,568 1,635 2,000 1,673 1,597         6,054 6,905 6,371
Reinsurance amount of in-force executive benefit and universal life reserves   9,400                       9,400    
Coinsurance investments book value $ 4,600                              
Coinsurance Investments Fair Value 5,200                              
Realized gain on coinsurance investments 635                              
Deferred gain on coinsurance investments $ 797                              
Amortization of deferred gain on business sold through reinsurance   10 10 11 11 11 9 9 9 $ 22 $ 17 $ 31 $ 27 42 38 41
Realized gain (loss)   (407) 212 515 25 514 79 1 (180) 540 (179) 752 (100) 345 414 (513)
Commissions and other expenses   1,382 1,355 1,123 1,235 1,330 1,908 1,325 1,231         5,096 5,794 5,064
Federal income tax expense (benefit)   (37) (565) 29 (15) 146 50 131 35         (589) 362 (76)
Other liabilities   10,885 10,970 11,425 13,298 15,297 15,121 15,479 14,862 11,425 15,479 10,970 15,121 10,885 15,297  
Retained earnings   6,707 6,762 9,445 9,346 9,578 9,360 9,242 8,769 9,445 9,242 6,762 9,360 6,707 9,578  
Income (loss) before taxes   (16) (3,148) 257 77 854 366 776 254         (2,830) 2,249 $ 423
Other assets   20,708 19,991 18,137 18,467 18,519 18,076 18,125 18,264 18,137 18,125 19,991 18,076 20,708 18,519  
Derivative investments   3,594 3,455 3,167 4,573 5,697 5,075 4,730 3,482 3,167 4,730 3,455 5,075 3,594 5,697  
Other Adjustments [Member]                                
Product Information [Line Items]                                
Other liabilities   (212)       (500)               (212) (500)  
Income (loss) before taxes                           12 (12)  
Other assets   (70)       (760)               (70) (760)  
Derivative investments   $ (142)       $ 260               $ (142) $ 260  
Sales Force Intangibles [Member]                                
Product Information [Line Items]                                
Useful Life of Intangible Assets (In Years)                           25 years    
VOCRA [Member]                                
Product Information [Line Items]                                
Useful Life of Intangible Assets (In Years)                           20 years    
VODA [Member]                                
Product Information [Line Items]                                
Useful Life of Intangible Assets (In Years)                           13 years    
Maximum [Member]                                
Product Information [Line Items]                                
Estimated Contract Life Fixed and Variable Deferred Annuities (In Years)                           30 years    
Traditional Contract Acquisition Cost Amortization Period (In Years)                           30 years    
Participating Policies as a Percentage of the Face Amount of the Insurance In Force   1.00%       1.00%               1.00% 1.00% 1.00%
Minimum [Member]                                
Product Information [Line Items]                                
Estimated Contract Life Fixed and Variable Deferred Annuities (In Years)                           15 years    
Life Insurance Segment [Member] | Maximum [Member]                                
Product Information [Line Items]                                
Investment Yield Assumptions for Traditional Direct Individual Life Reserves   7.75%                       7.75%    
Life Insurance Segment [Member] | Minimum [Member]                                
Product Information [Line Items]                                
Investment Yield Assumptions for Traditional Direct Individual Life Reserves   2.25%                       2.25%    
Annuities Segment [Member]                                
Product Information [Line Items]                                
Fee income                           $ 743 $ 848 $ 732
Other revenues                           $ 584 628 516
Annuities Segment [Member] | Maximum [Member]                                
Product Information [Line Items]                                
Investment Yield Assumptions for Immediate and Deferred Paid-Up Annuities   12.15%                       12.15%    
Annuities Segment [Member] | Minimum [Member]                                
Product Information [Line Items]                                
Investment Yield Assumptions for Immediate and Deferred Paid-Up Annuities   0.50%                       0.50%    
Group Protection Segment [Member]                                
Product Information [Line Items]                                
Other revenues                           $ 203 180 $ 177
Commercial [Member]                                
Product Information [Line Items]                                
Number of days past due to qualify as delinquent                           60 days    
Number of missed payments to qualify as delinqent | item                           2    
Period In Which Loans No Longer Accrue Interest In Days                           90 days    
Number of missed payments to qualify loans as non-accrual | item                           3    
Loan-to-value ratio indicating principal is greater than collateral                           100.00%    
Commercial [Member] | Maximum [Member]                                
Product Information [Line Items]                                
Debt-service coverage ratio indicating property income not covering debt payments                           1.0    
Residential [Member]                                
Product Information [Line Items]                                
Period In Which Loans No Longer Accrue Interest In Days                           90 days    
Resolution Life [Member]                                
Product Information [Line Items]                                
No. of Years in Which Deferred Gain From Reinsurance Transaction is Recognized as Income                           30 years    
Swiss Re [Member]                                
Product Information [Line Items]                                
No. of Years in Which Deferred Gain From Reinsurance Transaction is Recognized as Income                           15 years    
Athene Holding Ltd. [Member]                                
Product Information [Line Items]                                
No. of Years in Which Deferred Gain From Reinsurance Transaction is Recognized as Income                           20 years    
Other assets   $ 2       $ 5               $ 2 5  
Derivative investments   39       93               39 93  
Restatement Impacts [Member]                                
Product Information [Line Items]                                
Other revenues     30 (30)                   1    
Insurance fees           6 4 3 5           18  
Amortization of deferred gain on business sold through reinsurance   (8) (8) (8) (8) (8)       (16)   (25)   (32) (8)  
Realized gain (loss)   28 (8) (7) (4) 628 (6) 3 1 (11) 3 (19) (3) 9 626  
Commissions and other expenses   8 (3) (4) (1) 2 2 (1)           1 3  
Federal income tax expense (benefit)   3 (2) (2) (3) 130   1 (2)         (5) 129  
Other liabilities   (797) (987) (910) (878) (846) (154) (268) (182) (910) (268) (987) (154) (797) (846)  
Retained earnings   468 451 460 470 482 (5) (3) (6) 460 (3) 451 (5) 468 482  
Income (loss) before taxes   19 (11) (12) (15) 618 (2) 4 (8)         (19) 611  
Other assets   (187) (284) (244) (120) (614) (401) (450) (215) (244) (450) (284) (401) (187) (614)  
Derivative investments   (142) $ (226) $ (203) $ (267) 260 $ 247 $ 182 $ 29 $ (203) $ 182 $ (226) $ 247 (142) 260  
Restatement Impacts [Member] | Misstatement Associated with the Coinsurance Reinsurance Transaction [Member]                                
Product Information [Line Items]                                
Amortization of deferred gain on business sold through reinsurance                           (32) (8)  
Realized gain (loss)                             635  
Commissions and other expenses                             4  
Federal income tax expense (benefit)                             131  
Other liabilities           (492)                 (492)  
Retained earnings   $ 467       $ 492               $ 467 $ 492