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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table  
Pay Versus Performance Table
Year
Summary Compensation Table Total for PEO1
Compensation Actually Paid to PEO2,8
Average Summary Compensation Table Total for Non-PEO Named Executive Officers3
Average Compensation Actually Paid to Non-PEO Named Executive Officers4,8
Value of initial fixed $100 investment based on:
Net Income7 (millions)
Company-Selected Performance Measure: Trailing 12 Month Adjusted Operating Return on Equity7
TSR5
Peer Group TSR6
2024$11,455,249$15,789,113$4,252,819$6,160,091$146.97$171.87$71713.8%
2023$13,534,431$20,003,838$4,685,824$5,914,312$109.37$142.87$90214.5%
2022$11,354,662$19,808,104$3,114,364$4,238,584$93.97$136.53$62310.3%
2021$16,109,515$9,495,022$3,249,851$2,356,848$70.64$123.73$6170.8%
2020$9,044,233$(2,529,957)$2,491,515$420,220$72.98$90.52$4155.7%
1The dollar amounts reported for Mr. Cheng for 2024 under "Summary Compensation Table Total" is the amount of total compensation reported in the "Total" column of the Summary Compensation Table as reflected on page 68. Mr. Cheng became CEO on January 1, 2024. Compensation figures for the years 2020-2023 represent the compensation for Ms. Manning, our prior CEO.
2The dollar amounts reported for Mr. Cheng for 2024 under "Compensation Actually Paid" represent the amount of compensation actually paid to Mr. Cheng as computed in accordance with Item 402(v) of Regular S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Cheng during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the adjustments in the table below were made to Mr. Cheng's total compensation for each year to determine the compensation actually paid. See "Compensation Actually Paid to PEO" table below for additional information.
3The dollar amounts reported under "Average Summary Compensation Total" for non-PEO NEOs represent the average of the amounts reported for the Company's named executive officers ("NEOs") as a group (excluding any individual serving as our CEO for such year) in the "Total" column of the Summary Compensation Table in each applicable year. The names of the NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2024, Axel André, Todd Larson, Leslie Barbi, Ronald Herrmann and Mark Brooks, (ii) for 2022 and 2023, Todd Larson, Tony Cheng, Leslie Barbi and Ronald Herrmann; (iii) for 2021, Todd Larson, Tony Cheng, Leslie Barbi, Ronald Herrmann and Alain Néemeh; and (iv) for 2020, Todd Larson, Tony Cheng, Leslie Barbi, Alain Néemeh and John Laughlin.
4The dollar amounts reported under "Average Compensation Actually Paid" for non-PEO NEOs represent the average amount of compensation actually paid to the NEOs as a group (excluding the CEO), as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the adjustments in the table below were made to the NEOs' total compensation for each year to determine the compensation actually paid. See "Compensation Actually Paid to non-PEO NEOs" table below for additional information.
5Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement of dividends for the measurement period, assuming dividend reinvestment and the difference between the Company's share price at the end and the beginning of the measurement period by the Company's share price at the beginning of the measurement period.
6Represents the weighted peer group TSR, weighted according to the respective companies' stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the S&P Life & Health Insurance sub-index.
7See "Use of Non-GAAP Financial Measures" on page 94 for reconciliations from GAAP figures to adjusted operating figures.
8The assumptions used in calculating the fair value of the equity awards did not differ in any material respect from the assumptions used to calculate the grant date fair value of the awards as reported in the Summary Compensation Table, except that the fair value calculations of (i) the options granted on or between March 11, 2021 and July 24, 2024 used an estimated term between 1.5 years and 5.7 years in FY24, as compared to an estimated term of 6.00 years to 6.25 years used to calculate the grant date fair value of such awards, and (ii) the FY22-24 PSU assumed a payout above target, the FY23-25 PSU assumed a payout above target, and the FY24-26 PSU assumed a payout at target in FY24 in each case as compared to the grant date fair value calculations which assumed a payout at target.
Compensation Actually Paid to PEO
PEO
2024
Total Compensation as reported in Summary Compensation Table ("SCT")$11,455,249 
Minus Pension values reported in SCT
157,942 
Minus Fair value of equity awards granted during fiscal year
6,175,015 
Plus Pension value attributable to current year's service and any change in pension value attributable to plan amendments made in the current year
157,942 
Plus Fair value of equity compensation granted in current year - value at end of year-end
6,557,562 
Plus Fair value of equity compensation granted in current year - vesting date value
547,100 
Plus Change in fair value for end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year
705,987 
Plus Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year
2,698,230 
Plus Dividends or other earnings paid on stock or options awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year
— 
Plus Fair value of awards forfeited in current fiscal year determined at end of prior fiscal year
— 
Compensation Actually Paid to PEO$15,789,113 
Compensation Actually Paid to Non-PEO NEOs
Non-PEO NEO Averages
2024
Total Compensation as reported in Summary Compensation Table ("SCT")$4,252,819 
Minus Pension values reported in SCT
136,976 
Minus Fair value of equity awards granted during fiscal year
1,722,155 
Plus Pension value attributable to current year's service and any change in pension value attributable to plan amendments made in the current year
136,976 
Plus Fair value of equity compensation granted in current year - value at end of year-end
1,638,075 
Plus Fair value of equity compensation granted in current year - vesting date value
238,397 
Plus Change in fair value for end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year
603,600 
Plus Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year
1,149,355 
Plus Dividends or other earnings paid on stock or options awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year
— 
Plus Fair value of awards forfeited in current fiscal year determined at end of prior fiscal year
— 
Average Compensation Actually Paid to non-PEO NEOs$6,160,091 
      
Company Selected Measure Name Trailing 12 Month Adjusted Operating Return on Equity;•Adjusted Earnings per Share;•New Business Embedded Value; and•Book Value per Share, excluding AOCI        
PEO Total Compensation Amount [1] $ 11,455,249 $ 13,534,431 $ 11,354,662 $ 16,109,515 $ 9,044,233
PEO Actually Paid Compensation Amount [2] 15,789,113 20,003,838 19,808,104 9,495,022 (2,529,957)
Non-PEO NEO Average Total Compensation Amount [3] 4,252,819 4,685,824 3,114,364 3,249,851 2,491,515
Non-PEO NEO Average Compensation Actually Paid Amount [4],[5] 6,160,091 5,914,312 4,238,584 2,356,848 420,220
Total Shareholder Return Amount [6] 146.97 109.37 93.97 70.64 72.98
Peer Group Total Shareholder Return Amount [7] 171.87 142.87 136.53 123.73 90.52
Net Income (Loss) [8] $ 717,000,000 $ 902,000,000 $ 623,000,000 $ 617,000,000 $ 415,000,000
Company Selected Measure Amount [8] 0.138 0.145 0.103 0.008 0.057
PEO Name Mr. Cheng        
Additional 402(v) Disclosure  
30063007
*TSR figures represent cumulative amount of $100 invested in Company common stock on January 1, 2020.
3010301130123013
      
PEO | Pension Values Reported in SCT [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (157,942)        
PEO | Fair Value Of Equity Awards Granted [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (6,175,015)        
PEO | Pension Value Attributed To Current Years Service [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 157,942        
PEO | Fair Value Of Equity Awards Granted Value At End Of Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 6,557,562        
PEO | Fair Value Of Equity Awards Granted Vesting Date Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 547,100        
PEO | Change In Fair Value To Vesting Date For Awards In Prior Fiscal Year Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 705,987        
PEO | Change In Fair Value To Vesting Date For Awards In Prior Fiscal Year Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,698,230        
PEO | Dividends Or Other Earnings [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Fair Value Of Awards Forfeited [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Pension Values Reported in SCT [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (136,976)        
Non-PEO NEO | Fair Value Of Equity Awards Granted [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,722,155)        
Non-PEO NEO | Pension Value Attributed To Current Years Service [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 136,976        
Non-PEO NEO | Fair Value Of Equity Awards Granted Value At End Of Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,638,075        
Non-PEO NEO | Fair Value Of Equity Awards Granted Vesting Date Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 238,397        
Non-PEO NEO | Change In Fair Value To Vesting Date For Awards In Prior Fiscal Year Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 603,600        
Non-PEO NEO | Change In Fair Value To Vesting Date For Awards In Prior Fiscal Year Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,149,355        
Non-PEO NEO | Dividends Or Other Earnings [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Fair Value Of Awards Forfeited [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0        
[1]
1The dollar amounts reported for Mr. Cheng for 2024 under "Summary Compensation Table Total" is the amount of total compensation reported in the "Total" column of the Summary Compensation Table as reflected on page 68. Mr. Cheng became CEO on January 1, 2024. Compensation figures for the years 2020-2023 represent the compensation for Ms. Manning, our prior CEO.
[2]
2The dollar amounts reported for Mr. Cheng for 2024 under "Compensation Actually Paid" represent the amount of compensation actually paid to Mr. Cheng as computed in accordance with Item 402(v) of Regular S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Cheng during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the adjustments in the table below were made to Mr. Cheng's total compensation for each year to determine the compensation actually paid. See "Compensation Actually Paid to PEO" table below for additional information.
[3]
3The dollar amounts reported under "Average Summary Compensation Total" for non-PEO NEOs represent the average of the amounts reported for the Company's named executive officers ("NEOs") as a group (excluding any individual serving as our CEO for such year) in the "Total" column of the Summary Compensation Table in each applicable year. The names of the NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2024, Axel André, Todd Larson, Leslie Barbi, Ronald Herrmann and Mark Brooks, (ii) for 2022 and 2023, Todd Larson, Tony Cheng, Leslie Barbi and Ronald Herrmann; (iii) for 2021, Todd Larson, Tony Cheng, Leslie Barbi, Ronald Herrmann and Alain Néemeh; and (iv) for 2020, Todd Larson, Tony Cheng, Leslie Barbi, Alain Néemeh and John Laughlin.
[4]
4The dollar amounts reported under "Average Compensation Actually Paid" for non-PEO NEOs represent the average amount of compensation actually paid to the NEOs as a group (excluding the CEO), as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the adjustments in the table below were made to the NEOs' total compensation for each year to determine the compensation actually paid. See "Compensation Actually Paid to non-PEO NEOs" table below for additional information.
[5]
8The assumptions used in calculating the fair value of the equity awards did not differ in any material respect from the assumptions used to calculate the grant date fair value of the awards as reported in the Summary Compensation Table, except that the fair value calculations of (i) the options granted on or between March 11, 2021 and July 24, 2024 used an estimated term between 1.5 years and 5.7 years in FY24, as compared to an estimated term of 6.00 years to 6.25 years used to calculate the grant date fair value of such awards, and (ii) the FY22-24 PSU assumed a payout above target, the FY23-25 PSU assumed a payout above target, and the FY24-26 PSU assumed a payout at target in FY24 in each case as compared to the grant date fair value calculations which assumed a payout at target.
[6]
5Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement of dividends for the measurement period, assuming dividend reinvestment and the difference between the Company's share price at the end and the beginning of the measurement period by the Company's share price at the beginning of the measurement period.
[7]
6Represents the weighted peer group TSR, weighted according to the respective companies' stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the S&P Life & Health Insurance sub-index.
[8]
7See "Use of Non-GAAP Financial Measures" on page 94 for reconciliations from GAAP figures to adjusted operating figures.