Shareholders' Equity And Dividend Restrictions (Tables)

12 Months Ended

Dec. 31, 2023

Shareholders Equity And Dividend Restrictions [Abstract]

Change In AOCI Includes Changes In Unrealized Gains And Losses On Investments And Pension Obligations

The changes from the beginning of year to the end of year are the result of changes to other comprehensive income or loss (OCI).

(Dollars in millions)	2023						2022						2021
	Before tax		Income tax		Net		Before tax		Income tax		Net		Before tax		Income tax		Net
Investments:
AOCI, January 1	$	(847)	$	(182)	$	(665)	$	792	$	165	$	627	$	1,026	$	215	$	811
OCI before investment gains and losses, net, recognized in net income	255		55		200		(1,642)		(347)		(1,295)		(204)		(44)		(160)
Investment gains and losses, net, recognized in net income	22		4		18		3		—		3		(30)		(6)		(24)
OCI	277		59		218		(1,639)		(347)		(1,292)		(234)		(50)		(184)
AOCI, December 31	$	(570)	$	(123)	$	(447)	$	(847)	$	(182)	$	(665)	$	792	$	165	$	627
Pension obligations:
AOCI, January 1	$	36	$	9	$	27	$	27	$	7	$	20	$	(41)	$	(7)	$	(34)
OCI excluding amortization recognized in net income	2		1		1		12		2		10		62		12		50
Amortization recognized in net income	(8)		(2)		(6)		(3)		—		(3)		6		2		4
OCI	(6)		(1)		(5)		9		2		7		68		14		54
AOCI, December 31	$	30	$	8	$	22	$	36	$	9	$	27	$	27	$	7	$	20
Life policy reserves, reinsurance recoverable and other:
AOCI, January 1	$	29	$	5	$	24	$	(444)	$	(94)	$	(350)	$	(10)	$	(2)	$	(8)
Cumulative effect of change in accounting for long duration insurance contracts	—		—		—		—		—		—		(550)		(116)		(434)
Adjusted AOCI, January 1	29		5		24		(444)		(94)		(350)		(560)		(118)		(442)
OCI before investment gains and losses, net, recognized in net income	(42)		(8)		(34)		473		99		374		116		24		92
Investment gains and losses, net, recognized in net income	—		—		—		—		—		—		—		—		—
OCI	(42)		(8)		(34)		473		99		374		116		24		92
AOCI, December 31	$	(13)	$	(3)	$	(10)	$	29	$	5	$	24	$	(444)	$	(94)	$	(350)
Summary of AOCI:
AOCI, January 1	$	(782)	$	(168)	$	(614)	$	375	$	78	$	297	$	975	$	206	$	769
Cumulative effect of change in accounting for long duration insurance contracts	—		—		—		—		—		—		(550)		(116)		(434)
Adjusted AOCI, January 1	(782)		(168)		(614)		375		78		297		425		90		335
Investments OCI	277		59		218		(1,639)		(347)		(1,292)		(234)		(50)		(184)
Pension obligations OCI	(6)		(1)		(5)		9		2		7		68		14		54
Life policy reserves, reinsurance recoverable and other OCI	(42)		(8)		(34)		473		99		374		116		24		92
Total OCI	229		50		179		(1,157)		(246)		(911)		(50)		(12)		(38)
AOCI, December 31	$	(553)	$	(118)	$	(435)	$	(782)	$	(168)	$	(614)	$	375	$	78	$	297