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v3.23.2

Shares and Stockholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2023
Shares and Stockholders' Equity [Abstract] |
Changes In Common stock (Number Of Shares) |
| As of June 30, 2023 |  | As of December 31, 2022
| Shares Authorized |  | Shares Issued |  | Shares Outstanding |  | Shares Authorized |  | Shares Issued |  | Shares Outstanding
9.250% Fixed Rate Reset Non-Cumulative |  |  |  |  |  |  |  |  |  |  |
Preferred Stock, Series C | 20,000 |  | 20,000 |  | 20,000 |  | 20,000 |  | 20,000 |  | 20,000
9.000% Non-Cumulative Preferred Stock, Series D | 20,000 |  | 20,000 |  | 20,000 |  | 20,000 |  | 20,000 |  | 20,000
Not designated | 9,960,000 |  | - |  | - |  | 9,960,000 |  | - |  | -
Total preferred shares | 10,000,000 |  | 40,000 |  | 40,000 |  | 10,000,000 |  | 40,000 |  | 40,000
Schedule of Stock by Class |
|  | For the Three Months Ended June 30, |
|  | 2023 |  |  | 2022 |
|  | Dividend |  |  | Aggregate |  |  | Dividend |  |  | Aggregate |
Series |  | Per Share |  |  | Dividend |  |  | Per Share |  |  | Dividend |
Series C | $ | - |  | $ | - |  | $ | - |  | $ | - |
Series D |  | 562.50 |  |  | 11 |  |  | - |  |  | - |
Total | $ | 562.50 |  | $ | 11 |  | $ | - |  | $ | - |
|  | For the Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |
|  | Dividend |  |  | Aggregate |  |  | Dividend |  |  | Aggregate |
Series |  | Per Share |  |  | Dividend |  |  | Per Share |  |  | Dividend |
Series C | $ | 635.94 |  | $ | 13 |  | $ | - |  | $ | - |
Series D |  | 1,181.25 |  |  | 23 |  |  | - |  |  | - |
Total | $ | 1,817.19 |  | $ | 36 |  | $ | - |  | $ | - |
Schedule of Common Stock Outstanding Roll Forward |
| For the Three |  | For the Six |
| Months Ended |  | Months Ended |
| June 30, |  | June 30, |
| 2023 |  | 2022 |  | 2023 |  | 2022 |
Common Stock |  |  |  |  |  |  |  |
Balance as of beginning-of-period | 169,537,759 |  | 171,890,974 |  | 169,220,511 |  | 177,193,515 |
Stock compensation/issued for benefit plans | 93,121 |  | 161,566 |  | 410,369 |  | 676,421 |
Retirement/cancellation of shares | - |  | (1,828,424 | ) | - |  | (7,645,820 | )
Balance as of end-of-period | 169,630,880 |  | 170,224,116 |  | 169,630,880 |  | 170,224,116 |
Common Stock as of End-of-Period |  |  |  |  |  |  |  |
Basic basis | 169,630,880 |  | 170,224,116 |  | 169,630,880 |  | 170,224,116 |
Diluted basis | 170,610,356 |  | 171,556,357 |  | 170,610,356 |  | 171,556,357 |
Reconciliation Of The Denominator Calculations Of Basic And Diluted EPS |
| For the Three |  | For the Six |
| Months Ended |  | Months Ended |
| June 30, |  | June 30, |
| 2023 |  | 2022 |  | 2023 |  | 2022 |
Weighted-average shares, as used in basic calculation | 169,581,636 |  | 171,130,192 |  | 169,470,359 |  | 172,633,482 |
Shares to cover non-vested stock | 326,632 |  | 895,347 |  | 447,379 |  | 1,127,609 |
Average stock options outstanding during the period | 5,707 |  | 1,031,878 |  | 16,065 |  | 1,664,374 |
Assumed acquisition of shares with assumed |  |  |  |  |  |  |  |
proceeds and benefits from exercising stock |  |  |  |  |  |  |  |
options (at average market price for the period) | (5,469 | ) | (829,921 | ) | (13,335 | ) | (1,327,773 | )
Shares repurchasable from measured but |  |  |  |  |  |  |  |
unrecognized stock option expense | - |  | (12,772 | ) | - |  | (42,013 | )
Average deferred compensation shares | 589,001 |  | 492,269 |  | 571,484 |  | 506,740 |
Weighted-average shares, as used in diluted calculation (1) | 170,497,507 |  | 172,706,993 |  | 170,491,952 |  | 174,562,419 |
(1)Due to reporting a net loss for the six months ended June 30, 2023, basic shares were used in the diluted earnings per share calculation for this period as the use of diluted shares would have resulted in a lower loss per share.
Components And Changes In Accumulated OCI |
| For the Six |
| Months Ended |
| June 30, |
| 2023 |  | 2022 |
Unrealized Gain (Loss) on Fixed Maturity AFS Securities and Certain Other |  |  |  |  |  |
Investments |  |  |  |  |  |
Balance as of beginning-of-year | $ | (8,916 | ) | $ | 9,616 |
Unrealized holding gains (losses) arising during the period |  | 803 |  |  | (19,853 | )
Change in foreign currency exchange rate adjustment |  | 120 |  |  | (371 | )
Change in future contract benefits and policyholder account balances |  | (82 | ) |  | 1,750 |
Income tax benefit (expense) |  | (199 | ) |  | 3,943 |
Less: |  |  |  |  |  |
Reclassification adjustment for gains (losses) included in net income (loss) |  | (707 | ) |  | (4 | )
Income tax benefit (expense) |  | 148 |  |  | 1 |
Balance as of end-of-period | $ | (7,715 | ) | $ | (4,912 | )
Unrealized Gain (Loss) on Derivative Instruments |  |  |  |  |  |
Balance as of beginning-of-year | $ | 388 |  | $ | (85 | )
Unrealized holding gains (losses) arising during the period |  | 230 |  |  | 126 |
Change in foreign currency exchange rate adjustment |  | (110 | ) |  | 373 |
Income tax benefit (expense) |  | (26 | ) |  | (104 | )
Less: |  |  |  |  |  |
Reclassification adjustment for gains (losses) included in net income (loss) |  | 43 |  |  | 25 |
Income tax benefit (expense) |  | (9 | ) |  | (5 | )
Balance as of end-of-period | $ | 448 |  | $ | 290 |
Market Risk Benefit Non-Performance Risk Gain (Loss) |  |  |  |  |  |
Balance as of beginning-of-year | $ | 1,741 |  | $ | 1,951 |
Adjustment arising during the period |  | 129 |  |  | 476 |
Income tax benefit (expense) |  | (28 | ) |  | (102 | )
Balance as of end-of-period | $ | 1,842 |  | $ | 2,325 |
Policyholder Liability Discount Rate Remeasurement Gain (Loss) |  |  |  |  |  |
Balance as of beginning-of-year | $ | 747 |  | $ | (1,265 | )
Adjustment arising during the period |  | (116 | ) |  | 1,933 |
Income tax benefit (expense) |  | 26 |  |  | (412 | )
Balance as of end-of-period | $ | 657 |  | $ | 256 |
Foreign Currency Translation Adjustment |  |  |  |  |  |
Balance as of beginning-of-year | $ | (34 | ) | $ | (14 | )
Foreign currency translation adjustment arising during the period |  | 8 |  |  | (18 | )
Income tax benefit (expense) |  | - |  |  | (1 | )
Balance as of end-of-period | $ | (26 | ) | $ | (33 | )
Funded Status of Employee Benefit Plans |  |  |  |  |  |
Balance as of beginning-of-year | $ | (278 | ) | $ | (219 | )
Adjustment arising during the period |  | (32 | ) |  | 13 |
Balance as of end-of-period | $ | (310 | ) | $ | (206 | )
Schedule of Reclassifications Out Of AOCI |
| For the Six |  |
| Months Ended |  |
| June 30, |  |
| 2023 |  |  | 2022 |  |
Unrealized Gain (Loss) on Fixed Maturity AFS |  |  |  |  |  |  |  |
Securities and Certain Other Investments |  |  |  |  |  |  |  |
Reclassification | $ | (707 | ) |  | $ | (4 | ) | Realized gain (loss)
Reclassification before income |  |  |  |  |  |  |  |
tax benefit (expense) |  | (707 | ) |  |  | (4 | ) | Income (loss) before taxes
Income tax benefit (expense) |  | 148 |  |  |  | 1 |  | Federal income tax expense (benefit)
Reclassification, net of income tax | $ | (559 | ) |  | $ | (3 | ) | Net income (loss)
Unrealized Gain (Loss) on Derivative Instruments |  |  |  |  |  |  |  |
Interest rate contracts | $ | - |  |  | $ | 1 |  | Net investment income
Interest rate contracts |  | 13 |  |  |  | (10 | ) | Interest and debt expense
Foreign currency contracts |  | 27 |  |  |  | 30 |  | Net investment income
Foreign currency contracts |  | 3 |  |  |  | 4 |  | Realized gain (loss)
Reclassifications before income |  |  |  |  |  |  |  |
tax benefit (expense) |  | 43 |  |  |  | 25 |  | Income (loss) before taxes
Income tax benefit (expense) |  | (9 | ) |  |  | (5 | ) | Federal income tax expense (benefit)
Reclassifications, net of income tax | $ | 34 |  |  | $ | 20 |  | Net income (loss)

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