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v3.23.1

Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Information [Abstract] |
Reconciliation Of Revenue From Segments To Consolidated |
| For the Years Ended December 31, |
| 2022 |  | 2021 |  | 2020 |
Revenues |  |  |  |  |  |  |  |  |
Operating revenues: |  |  |  |  |  |  |  |  |
Life Insurance | $ | 6,747 |  | $ | 7,387 |  | $ | 7,516 |
Annuities |  | 4,482 |  |  | 4,691 |  |  | 4,455 |
Group Protection |  | 5,304 |  |  | 4,995 |  |  | 4,793 |
Retirement Plan Services |  | 1,274 |  |  | 1,322 |  |  | 1,213 |
Other Operations |  | 156 |  |  | 181 |  |  | 185 |
Excluded realized gain (loss) |  | - |  |  | - |  |  | (721 | )
Investment and reinsurance-related realized gain (loss) |  | (128 | ) |  | 834 |  |  | - |
Changes in fair value of GLB and GDB hedge instruments, net of hedge allowance |  | 902 |  |  | (1,717 | ) |  | - |
Indexed product net derivative results |  | 73 |  |  | 22 |  |  | - |
Amortization of DFEL associated with benefit ratio unlocking |  | - |  |  | - |  |  | (2 | )
Total revenues | $ | 18,810 |  | $ | 17,715 |  | $ | 17,439 |
Reconciliation Of Income (Loss) From Operations By Segment To Consolidated Net Income (Loss) |
| For the Years Ended December 31, |
| 2022 |  | 2021 |  | 2020 |
Net Income (Loss) |  |  |  |  |  |  |  |  |
Income (loss) from operations: |  |  |  |  |  |  |  |  |
Life Insurance | $ | (2,094 | ) | $ | 487 |  | $ | (34 | )
Annuities |  | 1,161 |  |  | 1,337 |  |  | 983 |
Group Protection |  | 41 |  |  | (164 | ) |  | 43 |
Retirement Plan Services |  | 211 |  |  | 248 |  |  | 168 |
Other Operations |  | (486 | ) |  | (371 | ) |  | (295 | )
MRB-related impacts, after-tax |  | 2,495 |  |  | 2,938 |  |  | - |
Excluded realized gain (loss), after-tax |  | - |  |  | - |  |  | (570 | )
Investment and reinsurance-related realized gain (loss), after-tax |  | (101 | ) |  | 659 |  |  | - |
Changes in fair value of GLB and GDB hedge instruments, net of hedge allowance, |  |  |  |  |  |  |  |  |
after-tax |  | 712 |  |  | (1,356 | ) |  | - |
Indexed product net derivative results, after-tax |  | 58 |  |  | 17 |  |  | - |
Benefit ratio unlocking, after-tax |  | (5 | ) |  | - |  |  | 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) | $ | 1,358 |  | $ | 3,778 |  | $ | 499 |
Reconciliation of Net Investment Income From Segments to Consolidated |
| For the Years Ended December 31, |
| 2022 |  | 2021 |  | 2020 |
Net Investment Income |  |  |  |  |  |  |  |  |
Life Insurance | $ | 2,587 |  | $ | 3,207 |  | $ | 2,823 |
Annuities |  | 1,463 |  |  | 1,400 |  |  | 1,272 |
Group Protection |  | 334 |  |  | 365 |  |  | 330 |
Retirement Plan Services |  | 976 |  |  | 991 |  |  | 933 |
Other Operations |  | 155 |  |  | 148 |  |  | 152 |
Total net investment income | $ | 5,515 |  | $ | 6,111 |  | $ | 5,510 |
Reconciliation of Federal Income Tax Expense (Benefit) from Segments to Consolidated Net Income (Loss) |
| For the Years Ended December 31, |
| 2022 |  | 2021 |  | 2020 |
Federal Income Tax Expense (Benefit) |  |  |  |  |  |  |  |  |
Life Insurance | $ | (587 | ) | $ | 110 |  | $ | (33 | )
Annuities |  | 185 |  |  | 255 |  |  | 149 |
Group Protection |  | 11 |  |  | (44 | ) |  | 11 |
Retirement Plan Services |  | 36 |  |  | 52 |  |  | 24 |
Other Operations |  | (116 | ) |  | (105 | ) |  | (82 | )
MRB-related impacts |  | 661 |  |  | 781 |  |  | - |
Excluded realized gain (loss) |  | - |  |  | - |  |  | (151 | )
Investment and reinsurance-related realized gain (loss) |  | (27 | ) |  | 175 |  |  | - |
Changes in fair value of GLB and GDB hedge instruments, net of hedge allowance |  | 190 |  |  | (360 | ) |  | - |
Indexed product net derivative results |  | 15 |  |  | 5 |  |  | - |
Gain (loss) on early extinguishment of debt |  | - |  |  | (2 | ) |  | (3 | )
Benefit ratio unlocking |  | (2 | ) |  | - |  |  | 51 |
Net impact from the Tax Cuts and Jobs Act |  | - |  |  | - |  |  | (37 | )
Transaction and integration costs related to mergers, |  |  |  |  |  |  |  |  |
acquisitions and divestitures |  | - |  |  | (2 | ) |  | (5 | )
Total federal income tax expense (benefit) | $ | 367 |  | $ | 865 |  | $ | (76 | )
Reconciliation Of Assets From Segments To Consolidated |
| As of December 31, |
| 2022 |  | 2021 |
Assets |  |  |  |  |  |
Life Insurance | $ | 94,407 |  | $ | 110,665 |
Annuities |  | 167,585 |  |  | 201,774 |
Group Protection |  | 9,768 |  |  | 10,494 |
Retirement Plan Services |  | 41,847 |  |  | 47,720 |
Other Operations |  | 20,610 |  |  | 24,097 |
Total assets | $ | 334,217 |  | $ | 394,750 |

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