Shares and Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2020

Shares and Stockholders' Equity [Abstract]

Changes In Common stock (Number Of Shares)

	For the Three			For the Nine
	Months Ended			Months Ended
	September 30,			September 30,
	2020	2019		2020		2019
Common Stock
Balance as of beginning-of-period	193,247,103	200,775,731		196,668,532		205,862,760
Stock issued for exercise of warrants	-	36,610		-		258,633
Stock compensation/issued for benefit plans	7,845	41,006		396,340		934,081
Retirement/cancellation of shares	-	(2,526,097	)	(3,809,924	)	(8,728,224	)
Balance as of end-of-period	193,254,948	198,327,250		193,254,948		198,327,250
Common Stock as of End-of-Period
Basic basis	193,254,948	198,327,250		193,254,948		198,327,250
Diluted basis	195,331,049	200,724,744		195,331,049		200,724,744

Reconciliation Of The Denominator Calculations Of Basic And Diluted EPS

	For the Three				For the Nine
	Months Ended				Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Weighted-average shares, as used in basic calculation	193,250,727		199,200,811		193,849,829		201,644,591
Shares to cover exercise of outstanding warrants	-		4,033		-		78,353
Shares to cover non-vested stock	629,997		935,823		644,192		938,920
Average stock options outstanding during the period	689,975		1,443,508		752,922		1,536,738
Assumed acquisition of shares with assumed proceeds
from exercising outstanding warrants	-		(588	)	-		(12,791	)
Assumed acquisition of shares with assumed
proceeds and benefits from exercising stock
options (at average market price for the period)	(592,887	)	(988,853	)	(588,805	)	(1,050,065	)
Shares repurchasable from measured but
unrecognized stock option expense	(3,515	)	-		(2,402	)	(289	)
Average deferred compensation shares	1,382,128		966,444		1,285,205		-
Weighted-average shares, as used in diluted calculation (1)	195,356,425		201,561,178		195,940,941		203,135,457

⁽¹⁾Due to reporting a net loss for the three months ended September 30, 2019, basic shares were used in the diluted earnings per share

(“EPS”) calculation for that period as the use of diluted shares would have resulted in a lower loss per share.

Components And Changes In Accumulated OCI

	For the Nine
	Months Ended
	September 30,
	2020			2019
Unrealized Gain (Loss) on AFS Securities
Balance as of beginning-of-year	$	5,983		$	557
Cumulative effect from adoption of new accounting standard		45			-
Unrealized holding gains (losses) arising during the period		5,426			9,849
Change in foreign currency exchange rate adjustment		21			(80	)
Change in DAC, VOBA, DSI, future contract benefits and other contract holder funds		(2,403	)		(2,271	)
Income tax benefit (expense)		(652	)		(1,596	)
Less:
Reclassification adjustment for gains (losses) included in net income (loss)		(48	)		(18	)
Associated amortization of DAC, VOBA, DSI and DFEL		42			(11	)
Income tax benefit (expense)		1			6
Balance as of end-of-period	$	8,425		$	6,482
Unrealized OTTI on AFS Securities
Balance as of beginning-of-year	$	45		$	33
(Increases) attributable to:
Cumulative effect from adoption of new accounting standard		(45	)		-
Gross OTTI recognized in OCI during the period		-			(16	)
Change in DAC, VOBA, DSI and DFEL		-			1
Income tax benefit (expense)		-			3
Decreases attributable to:
Changes in fair value, sales, maturities or other settlements of AFS securities		-			21
Change in DAC, VOBA, DSI and DFEL		-			(2	)
Income tax benefit (expense)		-			(4	)
Balance as of end-of-period	$	-		$	36
Unrealized Gain (Loss) on Derivative Instruments
Balance as of beginning-of-year	$	(11	)	$	139
Unrealized holding gains (losses) arising during the period		(219	)		(152	)
Change in foreign currency exchange rate adjustment		(16	)		80
Change in DAC, VOBA, DSI and DFEL		(64	)		(3	)
Income tax benefit (expense)		62			15
Less:
Reclassification adjustment for gains (losses) included in net income (loss)		38			34
Associated amortization of DAC, VOBA, DSI and DFEL		(8	)		(1	)
Income tax benefit (expense)		(6	)		(7	)
Balance as of end-of-period	$	(272	)	$	53
Foreign Currency Translation Adjustment
Balance as of beginning-of-year	$	(17	)	$	(23	)
Foreign currency translation adjustment arising during the period		(4	)		(5	)
Balance as of end-of-period	$	(21	)	$	(28	)
Funded Status of Employee Benefit Plans
Balance as of beginning-of-year	$	(327	)	$	(299	)
Adjustment arising during the period		4			4
Balance as of end-of-period	$	(323	)	$	(295	)

Schedule of Reclassifications Out Of AOCI

	For the Nine
	Months Ended
	September 30,
	2020			2019
Unrealized Gain (Loss) on AFS Securities
Gross reclassification	$	(48	)	$	(18	)	Total realized gain (loss)
Associated amortization of DAC,
VOBA, DSI and DFEL		42			(11	)	Total realized gain (loss)
Reclassification before income							Income (loss) from continuing
tax benefit (expense)		(6	)		(29	)	operations before taxes
Income tax benefit (expense)		1			6		Federal income tax expense (benefit)
Reclassification, net of income tax	$	(5	)	$	(23	)	Net income (loss)
Unrealized OTTI on AFS Securities
Gross reclassification	$	-		$	4		Total realized gain (loss)
Change in DAC, VOBA, DSI and DFEL		-			-		Total realized gain (loss)
Reclassification before income							Income (loss) from continuing
tax benefit (expense)		-			4		operations before taxes
Income tax benefit (expense)		-			(1	)	Federal income tax expense (benefit)
Reclassification, net of income tax	$	-		$	3		Net income (loss)
Unrealized Gain (Loss) on Derivative Instruments
Gross reclassifications:
Interest rate contracts	$	2		$	2		Net investment income
Interest rate contracts		(16	)		(2	)	Interest and debt expense
Foreign currency contracts		46			25		Net investment income
Foreign currency contracts		6			9		Total realized gain (loss)
Total gross reclassifications		38			34
Associated amortization of DAC,
VOBA, DSI and DFEL		(8	)		(1	)	Commissions and other expenses
Reclassifications before income							Income (loss) from continuing
tax benefit (expense)		30			33		operations before taxes
Income tax benefit (expense)		(6	)		(7	)	Federal income tax expense (benefit)
Reclassifications, net of income tax	$	24		$	26		Net income (loss)