XML 170 R159.htm IDEA: XBRL DOCUMENT v3.23.1
Quarterly Results of Operations (Comprehensive Income (Loss)) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues                              
Insurance premiums $ 1,503 $ 1,496 $ 1,436 $ 1,406 $ 1,360 $ 1,341 $ 1,334 $ 1,324         $ 5,841 $ 5,359 $ 5,122
Fee income 1,397 1,438 1,446 1,502 1,567 1,931 1,603 1,529         5,783 6,630 6,120
Net investment income 1,343 1,241 1,338 1,352 1,374 1,510 1,509 1,446         5,274 5,839 5,264
Realized gain (loss) (124) 11 70 257 700 (32) (169) 212 $ 327 $ 43 $ 338 $ 11 214 711 (526)
Amortization of deferred gain (loss) on business sold through reinsurance 8 9 10 10 10 8 7 7 20 14 29 22 37 32 33
Other revenues 172 162 133 154 176 149 162 170         621 657 553
Total revenues 4,299 4,357 4,433 4,681 5,187 4,907 4,446 4,688         17,770 19,228 16,566
Expenses                              
Interest credited 740 717 701 691 691 742 740 738         2,849 2,911 2,899
Benefits 2,053 4,498 2,051 2,199 2,169 1,839 1,848 2,183         10,801 8,039 8,050
Commissions and other expenses 1,326 1,205 1,077 1,191 1,276 1,841 1,260 1,171         4,799 5,548 4,889
Interest and debt expense 41 36 31 29 28 29 28 29         137 114 125
Spark program expense 48 44 44 31 31 22 21 13         167 87 68
Impairment of intangibles   634                 634   634    
Total expenses 4,208 7,134 3,904 4,141 4,195 4,473 3,897 4,134         19,387 16,699 16,031
Income (loss) before taxes 91 (2,777) 529 540 992 434 549 554         (1,617) 2,529 535
Federal income tax expense (benefit) (14) (488) 86 82 176 65 83 97         (332) 420 (56)
Net income (loss) 105 (2,289) 443 458 816 369 466 457 900 923 (1,389) 1,292 (1,285) 2,109 591
Other comprehensive income (loss), net of tax 960 (4,140) (5,446) (4,991) (400) (617) 1,721 (3,181)         (13,617) (2,477) 3,185
Comprehensive income (loss) 1,065 (6,429) (5,003) (4,533) 416 (248) 2,187 (2,724)         (14,902) (368) $ 3,776
As Previously Reported [Member]                              
Revenues                              
Insurance premiums 1,503 1,496 1,436 1,406 1,360 1,341 1,328 1,330         5,841 5,359  
Fee income 1,397 1,438 1,446 1,502 1,561 1,927 1,600 1,524         5,783 6,612  
Net investment income 1,336 1,272 1,309 1,353 1,376 1,511 1,510 1,447         5,270 5,844  
Realized gain (loss) (152) 5 82 266 74 (24) (172) 211 347 39 353 16 201 89  
Amortization of deferred gain (loss) on business sold through reinsurance 16 17 18 18 18 8 7 7 35 14 52 22 69 40  
Other revenues 172 135 163 151 176 149 162 170         621 657  
Total revenues 4,272 4,363 4,454 4,696 4,565 4,912 4,435 4,689         17,785 18,601  
Expenses                              
Interest credited 740 717 701 691 686 744 732 731         2,849 2,893  
Benefits 2,053 4,498 2,051 2,199 2,169 1,840 1,848 2,182         10,801 8,039  
Commissions and other expenses 1,318 1,208 1,081 1,192 1,274 1,839 1,262 1,171         4,799 5,546  
Interest and debt expense 41 36 31 29 28 29 28 29         137 114  
Spark program expense 48 44 44 31 31 22 21 13         167 87  
Impairment of intangibles   634                 634   634    
Total expenses 4,200 7,137 3,908 4,142 4,188 4,474 3,891 4,126         19,387 16,679  
Income (loss) before taxes 72 (2,774) 546 554 377 438 544 563         (1,602) 1,922  
Federal income tax expense (benefit) (17) (487) 90 85 46 66 82 99         (329) 293  
Net income (loss) 89 (2,287) 456 469 331 372 462 464 925 926 (1,362) 1,298 (1,273) 1,629  
Other comprehensive income (loss), net of tax 960 (4,134) (5,450) (4,993) (400) (617) 1,721 (3,181)         (13,617) (2,477)  
Comprehensive income (loss) 1,049 (6,421) (4,994) (4,524) (69) (245) 2,183 (2,717)         (14,890) (848)  
Restatement Impacts [Member]                              
Revenues                              
Insurance premiums             6 (6)              
Fee income         6 4 3 5           18  
Net investment income 7 (31) 29 (1) (2) (1) (1) (1)         4 (5)  
Realized gain (loss) 28 6 (12) (9) 626 (8) 3 1 (20) 4 (15) (5) 13 622  
Amortization of deferred gain (loss) on business sold through reinsurance (8) (8) (8) (8) (8)       (15)   (23)   (32) (8)  
Other revenues   27 (30) 3                      
Total revenues 27 (6) (21) (15) 622 (5) 11 (1)         (15) 627  
Expenses                              
Interest credited         5 (2) 8 7           18  
Benefits           (1)   1              
Commissions and other expenses 8 (3) (4) (1) 2 2 (2)             2  
Total expenses 8 (3) (4) (1) 7 (1) 6 8           20  
Income (loss) before taxes 19 (3) (17) (14) 615 (4) 5 (9)         (15) 607  
Federal income tax expense (benefit) 3 (1) (4) (3) 130 (1) 1 (2)         (3) 127  
Net income (loss) 16 (2) (13) (11) 485 (3) 4 (7) $ (25) $ (3) $ (27) $ (6) (12) 480  
Other comprehensive income (loss), net of tax   (6) 4 2                      
Comprehensive income (loss) $ 16 $ (8) $ (9) $ (9) $ 485 $ (3) $ 4 $ (7)         $ (12) $ 480