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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Value of Initial Fixed $100 Investment Based on: 4
Year
Summary
Compensation
Table Total for
CEO1
($)
Compensation
Actually Paid to
CEO1,2,3
($)
Average
Summary
Compensation
Table Total for
Non-CEO NEOs1
($)
Average
Compensation
Actually Paid
to Non-CEO
NEOs1,2,3
($)
Company
Total Shareholder Return
($)
Peer Group Total Shareholder Return5
($)
Net Income6 (US GAAP)
($ in millions)
Company Selected Performance Measure: Adjusted Earnings6,7
($ in millions)
2024
20,321,179 30,357,980 7,140,525 9,996,625 190.54 171.87 4,226 5,796 
202320,526,009 15,388,590 7,576,385 6,186,830 149.29 142.87 1,380 5,525 
2022
18,107,426 32,983,046 7,470,032 11,806,990 157.98 136.53 2,354 5,545 
2021
16,621,373 32,506,964 6,877,477 11,374,318 132.49 123.73 6,353 7,954 
2020
15,434,255 14,071,365 6,596,156 6,197,565 96.46 90.52 5,191 5,623 
       
Company Selected Measure Name Adjusted Earnings        
Named Executive Officers, Footnote Michel A. Khalaf served as CEO for the full year of each year shown. The non-CEO Named Executive Officers (Non-CEO NEOs) included in 2020, 2021, and 2022 average compensation are John D. McCallion, Steven J. Goulart, Bill Pappas, and Ramy Tadros. The Non-CEO NEOs included in 2023 and 2024 average compensation are John D. McCallion, Bill Pappas, Ramy Tadros, and Marlene Debel.        
Peer Group Issuers, Footnote The peer group is the S&P 500 Life & Health Insurance Index, which is shown in the performance graph in Part II, Item 5 of the Company’s 2024 Form 10-K.        
PEO Total Compensation Amount $ 20,321,179 $ 20,526,009 $ 18,107,426 $ 16,621,373 $ 15,434,255
PEO Actually Paid Compensation Amount $ 30,357,980 15,388,590 32,983,046 32,506,964 14,071,365
Adjustment To PEO Compensation, Footnote Compensation Actually Paid (CAP) is calculated as prescribed by the SEC based on the compensation disclosed in the “Total” column of the Summary Compensation Table (SCT Total), with specified adjustments for equity-based compensation and pensions. To calculate CAP, the required amounts were deducted from and added to the SCT Total as shown in the table below.
Deductions from SCT TotalAdditions to SCT Total
Equity
Component
Pension
Component
Equity Componenti
Pension
Componentii
YearSCT
Total
($)
Grant Date
Fair
Value of Equity
Awards Granted
in the Applicable
Year
($)
Change in the
Actuarial
Present
Value of
Pension
Benefits for
the
Applicable Year
($)
Fair Value
of
Current
Year
Equity
Awards
Unvested
at End of
Applicable
Year
($)
Change in Fair
Value of Prior
Years' Awards
Unvested at End
of Applicable
Year
($)
Change in Fair
Value of Prior
Years' Awards
that Vested
in Applicable
Year
($)
Pension
Service Costs
($)
CAP
($)
CEO
2024
20,321,179 13,262,590 636,545 15,793,091 3,554,633 4,029,542 558,670 30,357,980 
2023
20,526,009 12,882,913 1,088,180 10,009,668 (1,964,349)283,937 504,418 15,388,590 
202218,107,426 11,442,688 — 13,616,111 5,101,141 7,078,340 522,716 32,983,046 
202116,621,373 9,893,593 449,706 12,172,019 5,816,816 7,807,098 432,957 32,506,964 
202015,434,255 8,336,617 1,270,246 7,776,180 (173,972)169,974 471,791 14,071,365 
Non-CEO NEOs
2024
7,140,525 3,618,544 269,583 4,308,962 1,101,918 1,127,719 205,628 9,996,625 
2023
7,576,385 3,979,523 358,844 3,229,652 (550,592)86,094 183,658 6,186,830 
20227,470,032 3,630,483 347,697 4,320,054 1,697,713 2,076,407 220,964 11,806,990 
20216,877,477 3,226,219 313,784 3,969,194 1,778,349 2,110,126 179,175 11,374,318 
20206,596,156 2,803,523 245,374 2,644,371 (68,889)(38,452)113,276 6,197,565 
iThere were no equity awards that were granted and vested in the applicable year or awards that failed to meet vesting conditions in the applicable year.
iiThere was no cost for benefits during the applicable year that is attributed to services rendered in prior periods.
       
Non-PEO NEO Average Total Compensation Amount $ 7,140,525 7,576,385 7,470,032 6,877,477 6,596,156
Non-PEO NEO Average Compensation Actually Paid Amount $ 9,996,625 6,186,830 11,806,990 11,374,318 6,197,565
Adjustment to Non-PEO NEO Compensation Footnote Compensation Actually Paid (CAP) is calculated as prescribed by the SEC based on the compensation disclosed in the “Total” column of the Summary Compensation Table (SCT Total), with specified adjustments for equity-based compensation and pensions. To calculate CAP, the required amounts were deducted from and added to the SCT Total as shown in the table below.
Deductions from SCT TotalAdditions to SCT Total
Equity
Component
Pension
Component
Equity Componenti
Pension
Componentii
YearSCT
Total
($)
Grant Date
Fair
Value of Equity
Awards Granted
in the Applicable
Year
($)
Change in the
Actuarial
Present
Value of
Pension
Benefits for
the
Applicable Year
($)
Fair Value
of
Current
Year
Equity
Awards
Unvested
at End of
Applicable
Year
($)
Change in Fair
Value of Prior
Years' Awards
Unvested at End
of Applicable
Year
($)
Change in Fair
Value of Prior
Years' Awards
that Vested
in Applicable
Year
($)
Pension
Service Costs
($)
CAP
($)
CEO
2024
20,321,179 13,262,590 636,545 15,793,091 3,554,633 4,029,542 558,670 30,357,980 
2023
20,526,009 12,882,913 1,088,180 10,009,668 (1,964,349)283,937 504,418 15,388,590 
202218,107,426 11,442,688 — 13,616,111 5,101,141 7,078,340 522,716 32,983,046 
202116,621,373 9,893,593 449,706 12,172,019 5,816,816 7,807,098 432,957 32,506,964 
202015,434,255 8,336,617 1,270,246 7,776,180 (173,972)169,974 471,791 14,071,365 
Non-CEO NEOs
2024
7,140,525 3,618,544 269,583 4,308,962 1,101,918 1,127,719 205,628 9,996,625 
2023
7,576,385 3,979,523 358,844 3,229,652 (550,592)86,094 183,658 6,186,830 
20227,470,032 3,630,483 347,697 4,320,054 1,697,713 2,076,407 220,964 11,806,990 
20216,877,477 3,226,219 313,784 3,969,194 1,778,349 2,110,126 179,175 11,374,318 
20206,596,156 2,803,523 245,374 2,644,371 (68,889)(38,452)113,276 6,197,565 
iThere were no equity awards that were granted and vested in the applicable year or awards that failed to meet vesting conditions in the applicable year.
iiThere was no cost for benefits during the applicable year that is attributed to services rendered in prior periods.
       
Compensation Actually Paid vs. Total Shareholder Return
CAP vs. Company TSR:
3784
       
Compensation Actually Paid vs. Net Income
CAP vs. Net Income:i
3807
iNet income is not used by management to evaluate business or executive performance or allocate resources.
       
Compensation Actually Paid vs. Company Selected Measure
CAP vs. Adjusted Earnings:i
3943
iAdjusted Earnings, which is the Company’s selected measure for “Pay versus Performance” purposes of this Proxy Statement, is used by management to evaluate performance and allocate resources. Adjusted Earnings is also the Company’s GAAP measure of segment performance. Adjusted Earnings is further adjusted for purposes of determining certain elements of compensation for our CEO and other Named Executive Officers.  Please refer to the Annual Incentive Awards and Stock-Based Long-Term Incentives sections of the Proxy Statement for more information.
       
Total Shareholder Return Vs Peer Group
Company TSR vs Peer Group TSR:
4528
       
Tabular List, Table
Most Important Performance Measures
Adjusted Earnings1
Adjusted ROE2
TSR relative to TSR Peer Group3
       
Total Shareholder Return Amount $ 190.54 149.29 157.98 132.49 96.46
Peer Group Total Shareholder Return Amount 171.87 142.87 136.53 123.73 90.52
Net Income (Loss) $ 4,226,000,000 $ 1,380,000,000 $ 2,354,000,000 $ 6,353,000,000 $ 5,191,000,000
Company Selected Measure Amount 5,796,000,000 5,525,000,000 5,545,000,000 7,954,000,000 5,623,000,000
PEO Name Michel A. Khalaf        
Additional 402(v) Disclosure The assumptions used in calculating the fair value of unvested equity awards as of December 31st of each year were consistent with those used to calculate the grant date fair value for the SCT Total, except that the expected level of achievement of any performance criteria applicable to outstanding Performance Shares was determined based on projections taking into account the expected level of achievement as of December 31st of the applicable year, the assumptions for the binomial lattice model used to value stock options were updated as of December 31st of each year, and the share price was determined for all equity compensation based on the value on December 31st of the applicable year (or the vest date if earlier, in all cases). The amounts shown do not constitute a promise or commitment by the Company to pay and final outcomes are likely to be different.Represents the Company’s one-year, two-year, three-year, four-year and five-year TSR as compared to the one-year, two-year, three-year, four-year and five-year TSR of the S&P 500 Life & Health Index. In each case, TSR is measured starting from December 31, 2019.Amounts for 2020, 2021 and 2022 have not been restated to reflect the adoption of the LDTI accounting standard. The net income reported in this column is the net income that is disclosed in the Company’s audited GAAP financial statements.
The following graphs show the relationships between CAP for our CEO and non-CEO NEOs versus select measures, as well as the relationship between Company TSR and Peer Group TSR.
Adjusted Earnings, as further adjusted as described in the Annual Incentive Awards section of the Proxy Statement, is the primary metric used for AVIP funding purposes and also a key component of the Adjusted ROE calculation. As such, it has a key relationship with actual compensation outcomes.
2Adjusted ROE compared to the three-year Business Plan goal reflects 50% of the performance goals for Performance Shares, which represents 70% of Named Executive Officers’ total LTI award value, as discussed in the Pay versus Performance section of this Proxy Statement. As such, it has a key relationship with actual compensation outcomes.
3TSR relative to TSR Peer Group (a custom peer group of insurance companies that are competitors for capital, business and executive talent) reflects 50% of the performance goals for Performance Shares, which represents 70% of Named Executive Officers’ total LTI award value, as discussed in Pay versus Performance section of this Proxy Statement. As such, it has a key relationship with actual compensation outcomes.
       
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted Earnings        
Non-GAAP Measure Description Adjusted Earnings means adjusted earnings available to common shareholders. See Appendix B for definitions of these non-GAAP measures and reconciliations to the most directly comparable measures that are based on GAAP.        
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted ROE        
Measure:: 3          
Pay vs Performance Disclosure          
Name TSR relative to TSR Peer Group        
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (636,545) $ (1,088,180) $ 0 $ (449,706) $ (1,270,246)
PEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 558,670 504,418 522,716 432,957 471,791
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (13,262,590) (12,882,913) (11,442,688) (9,893,593) (8,336,617)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 15,793,091 10,009,668 13,616,111 12,172,019 7,776,180
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,554,633 (1,964,349) 5,101,141 5,816,816 (173,972)
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,029,542 283,937 7,078,340 7,807,098 169,974
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (269,583) (358,844) (347,697) (313,784) (245,374)
Non-PEO NEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 205,628 183,658 220,964 179,175 113,276
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,618,544) (3,979,523) (3,630,483) (3,226,219) (2,803,523)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,308,962 3,229,652 4,320,054 3,969,194 2,644,371
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,101,918 (550,592) 1,697,713 1,778,349 (68,889)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 1,127,719 $ 86,094 $ 2,076,407 $ 2,110,126 $ (38,452)