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Quarterly Financial Data (Unaudited) (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Quarterly Financial Data (Unaudited) [Abstract]                      
Total revenues $ 3,709 $ 3,465 $ 2,310 $ 3,099 $ 3,876 $ 3,675 $ 3,623 $ 3,757 $ 12,583 $ 14,931 $ 14,066
Net income (loss) $ 397 [1],[2],[3] $ 139 [1],[2],[3] $ (835) [1],[2],[3] $ (632) [1],[2],[3] $ 217 [4],[5] $ 72 [4],[5] $ 249 [4],[5] $ 394 [4],[5] $ (931) $ 932 $ 636
Per share-basic (in dollars per share) $ 1.45 $ 0.50 $ (2.96) $ (2.20) $ 0.73 $ 0.24 $ 0.82 $ 1.27 $ (3.32) $ 3.08 $ 1.99
Per share-diluted (in dollars per share) $ 1.45 $ 0.50 $ (2.96) $ (2.20) $ 0.73 $ 0.24 $ 0.82 $ 1.27 $ (3.32) $ 3.07 $ 1.99
Premium deficiency in long term future policy benefit reserves, after tax and noncontrolling interests   $ 52       $ 151          
Net catastrophe losses, after tax and noncontrolling interests   $ (112) $ (212)                
Deconsolidation loss, after tax     $ (957)                
Asset impairment charge, after tax and noncontrolling interests       $ 408              
Net investment income, after tax and noncontrolling interests         $ 116            
Asset impairment charge, after tax         $ 69            
[1] Net income for the third quarter of 2020 included net catastrophe losses of $112 million (after tax and noncontrolling interests) and a $52 million (after tax and noncontrolling interests) charge related to the recognition of an active life reserve premium deficiency as a result of the third quarter GPV.
[2] Net loss for the first quarter of 2020 included an aggregate asset impairment charge of $408 million (after tax and noncontrolling interests) related to Diamond Offshore drilling rigs.
[3] Net loss for the second quarter of 2020 included an investment loss of $957 million (after tax) related to the deconsolidation of Diamond Offshore and net catastrophe losses of $212 million (after tax and noncontrolling interests).
[4] Net income for the fourth quarter of 2019 included net investment income of $116 million (after tax and noncontrolling interests) related to limited partnerships and equity securities partially offset by asset impairment charges of $69 million (after tax).
[5] Net income for the third quarter of 2019 included a $151 million (after tax and noncontrolling interests) charge related to the recognition of an active life reserve premium deficiency as a result of the third quarter GPV.