XML 58 R48.htm IDEA: XBRL DOCUMENT v3.23.3
Accounting Changes and Error Corrections (Income Statement) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Net premiums $ 4,255.0 $ 3,247.0 $ 10,977.0 $ 9,632.0    
Net investment income 922.0 769.0 2,635.0 2,333.0    
Total investment related gains (losses), net (126.0) (154.0) (326.0) (533.0)    
Other revenues 102.0 188.0 274.0 438.0    
Revenues 5,153.0 4,050.0 13,560.0 11,870.0    
Claims and other policy benefits 3,959.0 3,048.0 10,035.0 8,857.0    
Liability for Future Policy Benefit, Remeasurement Gain (Loss) (82.0) 226.0 (95.0) 302.0    
Market Risk Benefit, Change in Fair Value, Gain (Loss) (21.0) 23.0 (38.0) 29.0    
Interest credited 223.0 189.0 647.0 468.0    
Policy acquisition costs and other insurance expenses 348.0 341.0 1,028.0 1,021.0    
Other operating expenses 274.0 251.0 799.0 720.0    
Interest expense 72.0 49.0 188.0 136.0    
Benefits, Losses and Expenses 4,773.0 4,127.0 12,564.0 11,533.0    
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 380.0 (77.0) 996.0 337.0    
Provision for income taxes 91.0 (2.0) 247.0 109.0    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 289.0 (75.0) 749.0 228.0 $ 521.0  
Net Income (Loss) Attributable to Noncontrolling Interest 2.0 1.0 5.0 2.0 4.0  
Net income $ 287.0 $ (76.0) $ 744.0 $ 226.0 517.0 $ 1,170.0
Accounting Standards Update 2018-12            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Net premiums         13,078.0 12,513.0
Net investment income         3,161.0 3,138.0
Total investment related gains (losses), net         (539.0) 567.0
Other revenues         527.0 449.0
Revenues         16,227.0 16,667.0
Claims and other policy benefits         11,982.0 11,673.0
Liability for Future Policy Benefit, Remeasurement Gain (Loss)         291.0 567.0
Market Risk Benefit, Change in Fair Value, Gain (Loss)         10.0 (58.0)
Interest credited         682.0 700.0
Policy acquisition costs and other insurance expenses         1,344.0 1,325.0
Other operating expenses         1,009.0 936.0
Interest expense         184.0 127.0
Collateral finance and securitization expense         7.0 12.0
Benefits, Losses and Expenses         15,509.0 15,282.0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest         718.0 1,385.0
Provision for income taxes         197.0 215.0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest         521.0 1,170.0
Net Income (Loss) Attributable to Noncontrolling Interest         4.0 0.0
Net income         517.0 1,170.0
Accounting Standards Update 2018-12 | Previously Reported            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Net premiums         13,078.0 12,513.0
Net investment income         3,161.0 3,138.0
Total investment related gains (losses), net         (506.0) 560.0
Other revenues         525.0 447.0
Revenues         16,258.0 16,658.0
Claims and other policy benefits         12,046.0 12,776.0
Liability for Future Policy Benefit, Remeasurement Gain (Loss)         0.0 0.0
Market Risk Benefit, Change in Fair Value, Gain (Loss)         0.0 0.0
Interest credited         682.0 700.0
Policy acquisition costs and other insurance expenses         1,499.0 1,416.0
Other operating expenses         1,009.0 936.0
Interest expense         184.0 127.0
Collateral finance and securitization expense         7.0 12.0
Benefits, Losses and Expenses         15,427.0 15,967.0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest         831.0 691.0
Provision for income taxes         204.0 74.0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest         627.0 617.0
Net Income (Loss) Attributable to Noncontrolling Interest         4.0 0.0
Net income         623.0 617.0
Accounting Standards Update 2018-12 | Revision of Prior Period, Change in Accounting Principle, Adjustment            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Net premiums         0.0 0.0
Net investment income         0.0 0.0
Total investment related gains (losses), net         (33.0) 7.0
Other revenues         2.0 2.0
Revenues         (31.0) 9.0
Claims and other policy benefits         (64.0) (1,103.0)
Liability for Future Policy Benefit, Remeasurement Gain (Loss)         291.0 567.0
Market Risk Benefit, Change in Fair Value, Gain (Loss)         10.0 (58.0)
Interest credited         0.0 0.0
Policy acquisition costs and other insurance expenses         (155.0) (91.0)
Other operating expenses         0.0 0.0
Interest expense         0.0 0.0
Collateral finance and securitization expense         0.0 0.0
Benefits, Losses and Expenses         82.0 (685.0)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest         (113.0) 694.0
Provision for income taxes         (7.0) 141.0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest         (106.0) 553.0
Net Income (Loss) Attributable to Noncontrolling Interest         0.0 0.0
Net income         $ (106.0) $ 553.0