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Consolidated Statements of Shareholders' Equity - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Balance, beginning of period at Dec. 31, 2021 $ 17,031 $ 135 $ 2,529 $ 40,963 $ (8,411) $ (18,185)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings 1,047 0 0 1,047 0 0
Unrealized foreign currency translation gains (losses) during period, net of income taxes (453) 0 0 0 (453) 0
Unrealized gains (losses) on fixed maturity securities during period, net of income taxes and reclassification adjustments (3,815) 0 0 0 (3,815) 0
Unrealized gains (losses) on derivatives during period, net of income taxes 1 0 0 0 1 0
Effect of changes in discount rate assumptions during period, net of income taxes 4,224 0 0 0 4,224 0
Pension liability adjustment during period, net of income taxes 3 0 0 0 3 0
Dividends to shareholders [1] 0 0 0 0 0 0
Exercise of stock options 6 0 6 0 0 0
Share-based compensation 13 0 13 0 0 0
Purchases of treasury stock (523) 0 0 0 0 (523)
Treasury stock reissued 26 0 12 0 0 14
Balance, end of period at Mar. 31, 2022 17,560 135 2,560 42,010 (8,451) (18,694)
Balance, beginning of period at Dec. 31, 2021 17,031 135 2,529 40,963 (8,411) (18,185)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings 4,222          
Effect of changes in discount rate assumptions during period, net of income taxes 11,800          
Balance, end of period at Sep. 30, 2022 19,946 135 2,615 44,680 (7,505) (19,979)
Balance, beginning of period at Dec. 31, 2021 17,031 135 2,529 40,963 (8,411) (18,185)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Effect of changes in discount rate assumptions during period, net of income taxes 13,700          
Balance, end of period at Dec. 31, 2022 20,140 135 2,641 44,367 (6,429) (20,574)
Balance, beginning of period at Mar. 31, 2022 17,560 135 2,560 42,010 (8,451) (18,694)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings 1,394 0 0 1,394 0 0
Unrealized foreign currency translation gains (losses) during period, net of income taxes (780) 0 0 0 (780) 0
Unrealized gains (losses) on fixed maturity securities during period, net of income taxes and reclassification adjustments (2,857) 0 0 0 (2,857) 0
Unrealized gains (losses) on derivatives during period, net of income taxes 0 0 0 0 0 0
Effect of changes in discount rate assumptions during period, net of income taxes 5,105 0 0 0 5,105 0
Pension liability adjustment during period, net of income taxes 3 0 0 0 3 0
Dividends to shareholders [1] (254) 0 0 (254) 0 0
Exercise of stock options 1 0 1 0 0 0
Share-based compensation 19 0 19 0 0 0
Purchases of treasury stock (650) 0 0 0 0 (650)
Treasury stock reissued 17 0 9 0 0 8
Balance, end of period at Jun. 30, 2022 19,558 135 2,589 43,150 (6,980) (19,336)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings 1,781 0 0 1,781 0 0
Unrealized foreign currency translation gains (losses) during period, net of income taxes (1,156) 0 0 0 (1,156) 0
Unrealized gains (losses) on fixed maturity securities during period, net of income taxes and reclassification adjustments (1,799) 0 0 0 (1,799) 0
Unrealized gains (losses) on derivatives during period, net of income taxes 0 0 0 0 0 0
Effect of changes in discount rate assumptions during period, net of income taxes 2,428 0 0 0 2,428 0
Pension liability adjustment during period, net of income taxes 2 0 0 0 2 0
Dividends to shareholders [1] (251) 0 0 (251) 0 0
Exercise of stock options 3 0 3 0 0 0
Share-based compensation 14 0 14 0 0 0
Purchases of treasury stock (651) 0 0 0 0 (651)
Treasury stock reissued 17 0 9 0 0 8
Balance, end of period at Sep. 30, 2022 19,946 135 2,615 44,680 (7,505) (19,979)
Balance, beginning of period at Dec. 31, 2022 20,140 135 2,641 44,367 (6,429) (20,574)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings 1,188 0 0 1,188 0 0
Unrealized foreign currency translation gains (losses) during period, net of income taxes (54) 0 0 0 (54) 0
Unrealized gains (losses) on fixed maturity securities during period, net of income taxes and reclassification adjustments 1,991 0 0 0 1,991 0
Unrealized gains (losses) on derivatives during period, net of income taxes 1 0 0 0 1 0
Effect of changes in discount rate assumptions during period, net of income taxes (2,794) 0 0 0 (2,794) 0
Pension liability adjustment during period, net of income taxes 7 0 0 0 7 0
Dividends to shareholders [1] 0 0 0 0 0 0
Exercise of stock options 3 0 3 0 0 0
Share-based compensation 14 0 14 0 0 0
Purchases of treasury stock (732) 0 0 0 0 (732)
Treasury stock reissued 20 0 7 0 0 13
Balance, end of period at Mar. 31, 2023 19,784 135 2,665 45,555 (7,278) (21,293)
Balance, beginning of period at Dec. 31, 2022 20,140 135 2,641 44,367 (6,429) (20,574)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings 4,391          
Effect of changes in discount rate assumptions during period, net of income taxes 1,200          
Balance, end of period at Sep. 30, 2023 22,669 136 2,729 48,257 (5,760) (22,693)
Balance, beginning of period at Mar. 31, 2023 19,784 135 2,665 45,555 (7,278) (21,293)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings 1,634 0 0 1,634 0 0
Unrealized foreign currency translation gains (losses) during period, net of income taxes (631) 0 0 0 (631) 0
Unrealized gains (losses) on fixed maturity securities during period, net of income taxes and reclassification adjustments 689 0 0 0 689 0
Unrealized gains (losses) on derivatives during period, net of income taxes 1 0 0 0 1 0
Effect of changes in discount rate assumptions during period, net of income taxes (165) 0 0 0 (165) 0
Pension liability adjustment during period, net of income taxes 46 0 0 0 46 0
Dividends to shareholders [1] (252) 0 0 (252) 0 0
Exercise of stock options 5 0 5 0 0 0
Share-based compensation 18 1 17 0 0 0
Purchases of treasury stock (708) 0 0 0 0 (708)
Treasury stock reissued 18 0 10 0 0 8
Balance, end of period at Jun. 30, 2023 20,439 136 2,697 46,937 (7,338) (21,993)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings 1,569 0 0 1,569 0 0
Unrealized foreign currency translation gains (losses) during period, net of income taxes (235) 0 0 0 (235) 0
Unrealized gains (losses) on fixed maturity securities during period, net of income taxes and reclassification adjustments (2,381) 0 0 0 (2,381) 0
Unrealized gains (losses) on derivatives during period, net of income taxes 1 0 0 0 1 0
Effect of changes in discount rate assumptions during period, net of income taxes 4,193 0 0 0 4,193 0
Pension liability adjustment during period, net of income taxes 0 0 0 0 0 0
Dividends to shareholders [1] (249) 0 0 (249) 0 0
Exercise of stock options 2 0 2 0 0 0
Share-based compensation 20 0 20 0 0 0
Purchases of treasury stock (707) 0 0 0 0 (707)
Treasury stock reissued 17 0 10 0 0 7
Balance, end of period at Sep. 30, 2023 $ 22,669 $ 136 $ 2,729 $ 48,257 $ (5,760) $ (22,693)
[1] Dividends to shareholders are recorded in the period in which they are declared.