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Shares and Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2018
Shares and Stockholders' Equity [Abstract]  
Changes In Common stock (Number Of Shares)



 

 

 

 

 

 



 

 

 

 

 

 



For the Years Ended December 31,

 



2018

 

2017

 

2016

 

Common Stock

 

 

 

 

 

 

Balance as of beginning-of-year

 218,090,114

 

 226,335,105

 

 243,835,893

 

Stock issued for exercise of warrants

 212,670

 

 344,901

 

 79,397

 

Stock compensation/issued for benefit plans

 800,325

 

 1,793,234

 

 1,732,812

 

Retirement/cancellation of shares

 (13,240,349

)

 (10,383,126

)

 (19,312,997

)

Balance as of end-of-year

 205,862,760

 

 218,090,114

 

 226,335,105

 



 

 

 

 

 

 

Common Stock as of End-of-Year

 

 

 

 

 

 

Basic basis

 205,862,760

 

 218,090,114

 

 226,335,105

 

Diluted basis

 209,034,686

 

 221,309,830

 

 230,126,820

 



Reconciliation Of The Denominator Calculations Of Basic And Diluted EPS



 

 

 

 

 

 



 

 

 

 

 

 



For the Years Ended December 31,

 



2018

 

2017

 

2016

 

Weighted-average shares, as used in basic calculation

 215,936,448

 

 222,128,687

 

 234,181,717

 

Shares to cover exercise of outstanding warrants

 568,602

 

 761,353

 

 1,089,221

 

Shares to cover non-vested stock

 1,534,142

 

 1,626,908

 

 1,109,490

 

Average stock options outstanding during the year

 1,739,029

 

 2,360,372

 

 2,256,720

 

Assumed acquisition of shares with assumed proceeds

 

 

 

 

 

 

from exercising outstanding warrants

 (81,260

)

 (109,034

)

 (248,402

)

Assumed acquisition of shares with assumed

 

 

 

 

 

 

proceeds and benefits from exercising stock

 

 

 

 

 

 

options (at average market price for the year)

 (1,074,406

)

 (1,414,857

)

 (1,508,620

)

Shares repurchasable from measured but

 

 

 

 

 

 

unrecognized stock option expense

 (14,600

)

 (53,241

)

 (49,839

)

Average deferred compensation shares

 944,151

 

 920,792

 

 -

 

Weighted-average shares, as used in diluted calculation

 219,552,106

 

 226,220,980

 

 236,830,287

 



Components And Changes In Accumulated OCI



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



For the Years Ended December 31,

 



2018

 

2017

 

2016

 

Unrealized Gain (Loss) on AFS Securities

 

 

 

 

 

 

 

 

 

Balance as of beginning-of-year

$

 3,486

 

$

 1,784

 

$

 991

 

Cumulative effect from adoption of new accounting standards

 

 674

 

 

 -

 

 

 -

 

Unrealized holding gains (losses) arising during the year

 

 (6,274

)

 

 3,032

 

 

 1,600

 

Change in foreign currency exchange rate adjustment

 

 (107

)

 

 134

 

 

 (99

)

Change in DAC, VOBA, DSI, future contract benefits and other contract holder funds

 

 1,748

 

 

 (705

)

 

 (456

)

Income tax benefit (expense)

 

 981

 

 

 (797

)

 

 (370

)

Less:

 

 

 

 

 

 

 

 

 

Reclassification adjustment for gains (losses) included in net income (loss)

 

 (42

)

 

 (39

)

 

 (158

)

Associated amortization of DAC, VOBA, DSI and DFEL

 

 (20

)

 

 (20

)

 

 (23

)

Income tax benefit (expense)

 

 13

 

 

 21

 

 

 63

 

Balance as of end-of-year

$

 557

 

$

 3,486

 

$

 1,784

 

Unrealized OTTI on AFS Securities

 

 

 

 

 

 

 

 

 

Balance as of beginning-of-year

$

 44

 

$

 25

 

$

 26

 

(Increases) attributable to:

 

 

 

 

 

 

 

 

 

Cumulative effect from adoption of new accounting standards

 

 9

 

 

 -

 

 

 -

 

Gross OTTI recognized in OCI during the year

 

 -

 

 

 -

 

 

 (55

)

Change in DAC, VOBA, DSI and DFEL

 

 -

 

 

 -

 

 

 12

 

Income tax benefit (expense)

 

 -

 

 

 -

 

 

 15

 

Decreases attributable to:

 

 

 

 

 

 

 

 

 

Changes in fair value, sales, maturities or other settlements of AFS securities

 

 (19

)

 

 34

 

 

 54

 

Change in DAC, VOBA, DSI and DFEL

 

 (6

)

 

 (5

)

 

 (12

)

Income tax benefit (expense)

 

 5

 

 

 (10

)

 

 (15

)

Balance as of end-of-year

$

 33

 

$

 44

 

$

 25

 

Unrealized Gain (Loss) on Derivative Instruments

 

 

 

 

 

 

 

 

 

Balance as of beginning-of-year

$

 (29

)

$

 49

 

$

 132

 

Cumulative effect from adoption of new accounting standard

 

 (6

)

 

 -

 

 

 -

 

Unrealized holding gains (losses) arising during the year

 

 144

 

 

 27

 

 

 (215

)

Change in foreign currency exchange rate adjustment

 

 111

 

 

 (137

)

 

 96

 

Change in DAC, VOBA, DSI and DFEL

 

 (13

)

 

 2

 

 

 3

 

Income tax benefit (expense)

 

 (51

)

 

 38

 

 

 41

 

Less:

 

 

 

 

 

 

 

 

 

Reclassification adjustment for gains (losses) included in net income (loss)

 

 24

 

 

 13

 

 

 14

 

Associated amortization of DAC, VOBA, DSI and DFEL

 

 (2

)

 

 (1

)

 

 (1

)

Income tax benefit (expense)

 

 (5

)

 

 (4

)

 

 (5

)

Balance as of end-of-year

$

 139

 

$

 (29

)

$

 49

 

Foreign Currency Translation Adjustment

 

 

 

 

 

 

 

 

 

Balance as of beginning-of-year

$

 (14

)

$

 (27

)

$

 (5

)

Foreign currency translation adjustment arising during the year

 

 (9

)

 

 13

 

 

 (22

)

Balance as of end-of-year

$

 (23

)

$

 (14

)

$

 (27

)

Funded Status of Employee Benefit Plans

 

 

 

 

 

 

 

 

 

Balance as of beginning-of-year

$

 (257

)

$

 (265

)

$

 (299

)

Cumulative effect from adoption of new accounting standard

 

 (35

)

 

 -

 

 

 -

 

Adjustment arising during the year

 

 (12

)

 

 18

 

 

 43

 

Income tax benefit (expense)

 

 5

 

 

 (10

)

 

 (9

)

Balance as of end-of-year

$

 (299

)

$

 (257

)

$

 (265

)



Schedule of Reclassifications Out Of AOCI



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



For the Years Ended December 31,

 

 



2018

 

 

2017

 

 

2016

 

 

Unrealized Gain (Loss) on AFS Securities

 

 

 

 

 

 

 

 

 

 

 

 

Gross reclassification

$

 (42

)

 

$

 (39

)

 

$

 (158

)

Total realized gain (loss)

Associated amortization of DAC, 

 

 

 

 

 

 

 

 

 

 

 

 

VOBA, DSI and DFEL

 

 (20

)

 

 

 (20

)

 

 

 (23

)

Total realized gain (loss)

Reclassification before income

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing

tax benefit (expense)

 

 (62

)

 

 

 (59

)

 

 

 (181

)

operations before taxes

Income tax benefit (expense)

 

 13

 

 

 

 21

 

 

 

 63

 

Federal income tax expense (benefit)

Reclassification, net of income tax

$

 (49

)

 

$

 (38

)

 

$

 (118

)

Net income (loss)



 

 

 

 

 

 

 

 

 

 

 

 

Unrealized OTTI on AFS Securities

 

 

 

 

 

 

 

 

 

 

 

 

Gross reclassification

$

 8

 

 

$

 5

 

 

$

 3

 

Total realized gain (loss)

Change in DAC, VOBA, DSI and DFEL

 

 -

 

 

 

 (1

)

 

 

 -

 

Total realized gain (loss)

Reclassification before income

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing

tax benefit (expense)

 

 8

 

 

 

 4

 

 

 

 3

 

operations before taxes

Income tax benefit (expense)

 

 (2

)

 

 

 (1

)

 

 

 -

 

Federal income tax expense (benefit)

Reclassification, net of income tax

$

 6

 

 

$

 3

 

 

$

 3

 

Net income (loss)



 

 

 

 

 

 

 

 

 

 

 

 

Unrealized Gain (Loss) on Derivative Instruments

 

 

 

 

 

 

 

 

 

 

Gross reclassifications:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate contracts

$

 4

 

 

$

 4

 

 

$

 5

 

Net investment income

Interest rate contracts

 

 (7

)

 

 

 (18

)

 

 

 (10

)

Interest and debt expense

Interest rate contracts

 

 -

 

 

 

 -

 

 

 

 1

 

Total realized gain (loss)

Foreign currency contracts

 

 27

 

 

 

 18

 

 

 

 11

 

Net investment income

Foreign currency contracts

 

 -

 

 

 

 9

 

 

 

 7

 

Total realized gain (loss)

Total gross reclassifications

 

 24

 

 

 

 13

 

 

 

 14

 

 

Associated amortization of DAC,

 

 

 

 

 

 

 

 

 

 

 

 

VOBA, DSI and DFEL

 

 (2

)

 

 

 (1

)

 

 

 (1

)

Commissions and other expenses

Reclassifications before income

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing

tax benefit (expense)

 

 22

 

 

 

 12

 

 

 

 13

 

operations before taxes

Income tax benefit (expense)

 

 (5

)

 

 

 (4

)

 

 

 (5

)

Federal income tax expense (benefit)

Reclassifications, net of income tax

$

 17

 

 

$

 8

 

 

$

 8

 

Net income (loss)