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Shareholders' Equity
 9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Shareholders' Equity Shareholders’ Equity
Other Comprehensive Income
 
The following tables present the changes in each component of AOCI and the effect of reclassifications out of AOCI into the respective lines in the condensed consolidated statements of operations.

Changes in Accumulated Other Comprehensive Income (Loss) by Component
Third Quarter 2022

Net Unrealized Gains (Losses) on Investments with:ISCR on
 FG VIEs’ Liabilities with Recourse		Cumulative
Translation
Adjustment 		Cash Flow 
Hedge		Total AOCI
 No Credit ImpairmentCredit Impairment
(in millions)
Balance, June 30, 2022$(205)$(107)$(19)$(45)$6 $(370)
Other comprehensive income (loss) before reclassifications(286)(1)(3)(4)— (294)
Less: Amounts reclassified from AOCI to:
Net realized investment gains (losses)
(11)(3)— — — (14)
Fair value gains (losses) on FG VIEs
— — — — — — 
Total before tax
(11)(3)— — — (14)
Tax (provision) benefit
2 — — — — 2 
Total amount reclassified from AOCI, net of tax(9)(3)— — — (12)
Other comprehensive income (loss)(277)2 (3)(4)— (282)
Balance, September 30, 2022$(482)$(105)$(22)$(49)$6 $(652)
Changes in Accumulated Other Comprehensive Income (Loss) by Component
Third Quarter 2021

Net Unrealized Gains (Losses) on Investments with:ISCR on
 FG VIEs’ Liabilities with Recourse		Cumulative
Translation
Adjustment		Cash Flow 
Hedge		Total AOCI
 No Credit ImpairmentCredit Impairment
(in millions)
Balance, June 30, 2021$509 $(12)$(23)$(36)$7 $445 
Other comprehensive income (loss) before reclassifications(69)(2)1 — — (70)
Less: Amounts reclassified from AOCI to:
Net realized investment gains (losses)
(3)5 — — — 2 
Fair value gains (losses) on FG VIEs
— — (1)— — (1)
Interest expense— — — — 1 1 
Total before tax
(3)5 (1)— 1 2 
Tax (provision) benefit
— (1)— — — (1)
Total amount reclassified from AOCI, net of tax(3)4 (1)— 1 1 
Other comprehensive income (loss)(66)(6)2 — (1)(71)
Balance, September 30, 2021$443 $(18)$(21)$(36)$6 $374 

Changes in Accumulated Other Comprehensive Income (Loss) by Component
Nine Months 2022

Net Unrealized Gains (Losses) on Investments with:ISCR on
 FG VIEs’ Liabilities with Recourse		Cumulative
Translation
Adjustment		Cash Flow 
Hedge		Total AOCI
 No Credit ImpairmentCredit Impairment
(in millions)
Balance, December 31, 2021$375 $(24)$(21)$(36)$6 $300 
Other comprehensive income (loss) before reclassifications(886)(92)(2)(13)— (993)
Less: Amounts reclassified from AOCI to:
Net realized investment gains (losses)
(35)(13)— — — (48)
Fair value gains (losses) on FG VIEs
— — (2)— — (2)
Total before tax
(35)(13)(2)— — (50)
Tax (provision) benefit
6 2 1 — — 9 
Total amount reclassified from AOCI, net of tax(29)(11)(1)— — (41)
Other comprehensive income (loss)(857)(81)(1)(13)— (952)
Balance, September 30, 2022$(482)$(105)$(22)$(49)$6 $(652)
Changes in Accumulated Other Comprehensive Income (Loss) by Component
Nine Months 2021

Net Unrealized Gains (Losses) on Investments with:ISCR on
 FG VIEs’ Liabilities with Recourse		Cumulative
Translation
Adjustment		Cash Flow 
Hedge		Total AOCI
 No Credit ImpairmentCredit Impairment
(in millions)
Balance, December 31, 2020$577 $(30)$(20)$(36)$7 $498 
Other comprehensive income (loss) before reclassifications(134)14 (3)— — (123)
Less: Amounts reclassified from AOCI to:
Net realized investment gains (losses)
1 2 — — — 3 
Fair value gains (losses) on FG VIEs
— — (3)— — (3)
Interest expense— — — — 1 1 
Total before tax
1 2 (3)— 1 1 
Tax (provision) benefit
(1)— 1 — — — 
Total amount reclassified from AOCI, net of tax— 2 (2)— 1 1 
Other comprehensive income (loss)(134)12 (1)— (1)(124)
Balance, September 30, 2021$443 $(18)$(21)$(36)$6 $374 

Share Repurchases

    On August 3, 2022, the Board of Directors (the Board) authorized the repurchase of an additional $250 million of its common shares. Under this and previous authorizations, as of November 7, 2022, the Company was authorized to purchase $261 million of its common shares. The Company expects to repurchase shares from time to time in the open market or in privately negotiated transactions. The timing, form and amount of the share repurchases under the program are at the discretion of management and will depend on a variety of factors, including funds available at the parent company, other potential uses for such funds, market conditions, the Company’s capital position, legal requirements and other factors. The repurchase program may be modified, extended or terminated by the Board at any time. It does not have an expiration date.

Share Repurchases
PeriodNumber of Shares RepurchasedTotal Payments
(in millions)		Average Price Paid Per Share
2021 (January 1 - March 31)1,986,534 $77 $38.83 
2021 (April 1 - June 30)1,887,531 88 46.63 
2021 (July 1- September 30)2,918,993 140 47.76 
2021 (October 1 - December 31)3,725,982 191 51.47 
Total 202110,519,040 $496 47.19 
2022 (January 1 - March 31) (1)2,738,223 155 56.62 
2022 (April 1 - June 30) 2,605,947 151 58.03 
2022 (July 1 - September 30)1,790,395 97 53.77 
2022 (October 1 - November 7)785,863 42 53.99 
Total 20227,920,428 $445 56.18 
____________________
(1)     Includes $3 million of share repurchases that was prepaid in December 2021 and settled in the first quarter of 2022.