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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
AOCI Attributable to Parent
Treasury Stock
Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2018   290,000       14,000  
Beginning balance at Dec. 31, 2018 $ 4,628 $ 0 $ 4,500 $ 641 $ (13) $ (498) $ (2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of stock options 6   6        
Purchase of additional share in consolidated subsidiaries (3)   4       (7)
Treasury stock repurchased (in shares)           (1,000)  
Treasury stock repurchased (46)         $ (46)  
Change in reinsurance liabilities held at fair value resulting from a change in instrument-specific credit risk [1] 0            
Other comprehensive loss — unrealized gain on investments and other financial instruments 43       43    
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates 7 [2]       7    
Other comprehensive earnings - unrealized gain on foreign currency translation 4 [3]       4    
Reclassification adjustments for change in unrealized gains and losses included in net earnings (5) [4]       (5)    
Stock-based compensation 18   18        
Dividends declared, per common share (171)     (171)      
Subsidiary dividends declared to non-controlling interests (5)           (5)
Net earnings 476     472     4
Ending balance (in shares) at Jun. 30, 2019   290,000       15,000  
Ending balance at Jun. 30, 2019 4,952 $ 0 4,528 942 36 $ (544) (10)
Beginning Balance at Dec. 31, 2018 344            
Ending Balance at Jun. 30, 2019 344            
Beginning balance (in shares) at Mar. 31, 2019   290,000       15,000  
Beginning balance at Mar. 31, 2019 4,765 $ 0 4,510 762 14 $ (516) (5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of stock options 5   5        
Purchase of additional share in consolidated subsidiaries (3)   4       (7)
Treasury stock repurchased (28)         $ (28)  
Change in reinsurance liabilities held at fair value resulting from a change in instrument-specific credit risk [1] 0            
Other comprehensive loss — unrealized gain on investments and other financial instruments 20       20    
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates 1 [2]       1    
Other comprehensive earnings - unrealized gain on foreign currency translation 2 [3]       2    
Reclassification adjustments for change in unrealized gains and losses included in net earnings (1) [4]       (1)    
Stock-based compensation 9   9        
Dividends declared, per common share (86)     (86)      
Subsidiary dividends declared to non-controlling interests (2)           (2)
Net earnings 270     266     4
Ending balance (in shares) at Jun. 30, 2019   290,000       15,000  
Ending balance at Jun. 30, 2019 4,952 $ 0 4,528 942 36 $ (544) (10)
Beginning Balance at Mar. 31, 2019 344            
Ending Balance at Jun. 30, 2019 344            
Beginning balance (in shares) at Dec. 31, 2019   292,000       17,000  
Beginning balance at Dec. 31, 2019 5,365 $ 0 4,581 1,356 43 $ (598) (17)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of stock options (in shares)   2,000          
Exercise of stock options 37   37        
F&G acquisition (in shares)   24,000       7,000  
F&G acquisition 577   794     $ (217)  
Treasury stock repurchased (in shares)           (3,000)  
Treasury stock repurchased (104)         $ (104)  
Change in reinsurance liabilities held at fair value resulting from a change in instrument-specific credit risk 3 [1]       3    
Other comprehensive loss — unrealized gain on investments and other financial instruments 380            
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates 7 [2]       7    
Other comprehensive earnings - unrealized gain on foreign currency translation (4) [3]       (4)    
Reclassification adjustments for change in unrealized gains and losses included in net earnings [4] 0            
Stock-based compensation 19   19   0    
Dividends declared, per common share (187)     (187)      
Subsidiary dividends declared to non-controlling interests (5)           (5)
Net earnings 261     248     13
Ending balance (in shares) at Jun. 30, 2020   318,000       27,000  
Ending balance at Jun. 30, 2020 6,349 $ 0 5,431 1,417 429 $ (919) (9)
Beginning Balance at Dec. 31, 2019 344            
Ending Balance at Jun. 30, 2020 344            
Beginning balance (in shares) at Mar. 31, 2020   292,000       20,000  
Beginning balance at Mar. 31, 2020 5,116 $ 0 4,592 1,204 28 $ (692) (16)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of stock options (in shares)   2,000          
Exercise of stock options 35   35        
F&G acquisition (in shares)   24,000       7,000  
F&G acquisition 577   794     $ (217)  
Treasury stock repurchased (10)         $ (10)  
Change in reinsurance liabilities held at fair value resulting from a change in instrument-specific credit risk 3 [1]       3    
Other comprehensive loss — unrealized gain on investments and other financial instruments 389       389    
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates [2] 0            
Other comprehensive earnings - unrealized gain on foreign currency translation 5 [3]       5    
Reclassification adjustments for change in unrealized gains and losses included in net earnings 4 [4]       4    
Stock-based compensation 10   10        
Dividends declared, per common share (96)     (96)      
Subsidiary dividends declared to non-controlling interests (2)           (2)
Net earnings 318     309     9
Ending balance (in shares) at Jun. 30, 2020   318,000       27,000  
Ending balance at Jun. 30, 2020 6,349 $ 0 $ 5,431 $ 1,417 $ 429 $ (919) $ (9)
Beginning Balance at Mar. 31, 2020 344            
Ending Balance at Jun. 30, 2020 $ 344            
[1] Net of income tax expense of $1 million for the three and six-month periods ended June 30, 2020.
[2] Net of income tax expense of $0 million and $1 million for the three-month periods ended June 30, 2020 and 2019, respectively, and $2 million and $2 million for the six-month periods ended June 30, 2020 and 2019, respectively.
[3] Net of income tax expense (benefit) of $2 million and $1 million for the three-month periods ended June 30, 2020 and 2019, respectively, and $(1) million and $1 million for the six-month periods ended June 30, 2020 and 2019, respectively.
[4] Net of income tax expense (benefit) of $1 million and $(1) million for the three-month periods ended June 30, 2020 and 2019, respectively, and $0 million and $(2) million for the six-month periods ended June 30, 2020 and 2019, respectively.(5)Net of income tax expense of $1 million for the three and six-month periods ended June 30, 2020.