XML 82 R59.htm IDEA: XBRL DOCUMENT v3.22.4
Segment Information - Schedule of continuing operations by operating segment (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Segment Reporting Information [Line Items]      
Revenues $ 56,437 $ 52,057 $ 43,736
Adjusted Pre-tax Income (Loss) 14,282 12,099 (7,293)
Net Investment Income 11,767 14,612 13,631
Interest expense 1,125 1,305 1,457
Amortization of deferred policy acquisition costs 4,970 4,573 4,211
Changes in fair value of securities used to hedge guaranteed living benefits, Adjusted Revenues 55 60 56
Changes in fair value of securities used to hedge guaranteed living benefits 30 61 41
Changes in benefit reserves and DAC, VOBA and DSI related to net realized gains (losses), Amortization of DAC 302 33 (9)
Changes in benefit reserves and DAC, VOBA and DSI related to net realized gains (losses) (308) (52) 12
Changes in the fair value of equity securities (53) (237) 200
Other income (expense) - net (29) (24) 49
Other income (expense) - net, investment income 28 33 99
Other income (expense) - net, interest expense 28 33 99
Loss on extinguishment of debt (303) (389) (12)
Net realized gains (losses) 8,991 2,151 (2,238)
Net realized gains, adjusted revenues 1,731 1,585 (148)
Net realized gains, adjusted net investment income (244) (156) (98)
Net realized gains, adjusted interest expense (1) (13) (33)
Net realized gains, adjusted pre-tax income (loss) 1,750 1,623 (97)
Net gain (loss) on divestitures and other (82) 3,044 (8,525)
Non-operating litigation reserves and settlements, adjustment to revenue 49 0 23
Non-operating litigation reserves and settlements, pre-tax income (loss) 41 (3) 21
(Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements 160 186 221
Net loss reserve discount benefit 703 193 (516)
Pension expense related to a one-time lump sum payment to former employees (60) (34)  
Integration and transaction costs associated with acquiring or divesting businesses (194) (83) (12)
Restructuring and other costs (570) (433) (435)
Non-recurring costs related to regulatory or accounting changes (37) (68) (65)
Net impact from elimination of international reporting lag, adjusted revenues 978    
Net impact from elimination of international reporting lag, net investment income 41    
Net impact from elimination of international reporting lag, adjusted pre-tax income (loss) 127    
Fortitude Re funds withheld assets      
Segment Reporting Information [Line Items]      
Net Investment Income 943 1,971 1,053
Net realized gains (losses) (486) 1,003 463
Fortitude Re funds withheld embedded derivative      
Segment Reporting Information [Line Items]      
Net realized gains (losses) 7,481 (603) (2,645)
Total      
Segment Reporting Information [Line Items]      
Revenues 45,768 48,302 44,685
Adjusted Pre-tax Income (Loss) 5,140 5,920 3,003
Net Investment Income 10,997 12,941 12,321
Interest expense 1,098 1,285 1,391
Amortization of deferred policy acquisition costs 4,668 4,540 4,220
Corporate Reconciling Items And Eliminations      
Segment Reporting Information [Line Items]      
Revenues 392 347 823
Adjusted Pre-tax Income (Loss) (1,947) (2,350) (2,429)
Net Investment Income 268 116 515
Interest expense 1,075 1,155 1,236
Amortization of deferred policy acquisition costs 5 37 50
Other Operations before consolidation and eliminations      
Segment Reporting Information [Line Items]      
Revenues 827 1,338 1,385
Adjusted Pre-tax Income (Loss) (1,542) (1,418) (1,963)
Net Investment Income 714 1,112 1,087
Interest expense 1,131 1,220 1,306
Amortization of deferred policy acquisition costs 5 37 50
Consolidation and eliminations      
Segment Reporting Information [Line Items]      
Revenues (435) (991) (562)
Adjusted Pre-tax Income (Loss) (405) (932) (466)
Net Investment Income (446) (996) (572)
Interest expense (56) (65) (70)
Amortization of deferred policy acquisition costs 0 0 0
General Insurance | Reportable Segments      
Segment Reporting Information [Line Items]      
Revenues 27,722 28,361 26,587
Adjusted Pre-tax Income (Loss) 4,430 4,359 1,901
Net Investment Income 2,382 3,304 2,925
Amortization of deferred policy acquisition costs 3,533 3,530 3,538
General Insurance | Reportable Segments | North America      
Segment Reporting Information [Line Items]      
Revenues 12,071 10,989 10,302
Adjusted Pre-tax Income (Loss) 648 (47) (1,301)
Amortization of deferred policy acquisition costs 1,585 1,333 1,365
General Insurance | Reportable Segments | International      
Segment Reporting Information [Line Items]      
Revenues 13,269 14,068 13,360
Adjusted Pre-tax Income (Loss) 1,400 1,102 277
Amortization of deferred policy acquisition costs 1,948 2,197 2,173
General Insurance | Reportable Segments | Net investment income      
Segment Reporting Information [Line Items]      
Revenues 2,382 3,304 2,925
Adjusted Pre-tax Income (Loss) 2,382 3,304 2,925
Net Investment Income 2,382 3,304 2,925
Amortization of deferred policy acquisition costs 0 0 0
Life and Retirement | Reportable Segments      
Segment Reporting Information [Line Items]      
Revenues 17,654 19,594 17,275
Adjusted Pre-tax Income (Loss) 2,657 3,911 3,531
Net Investment Income 8,347 9,521 8,881
Interest expense 23 130 155
Amortization of deferred policy acquisition costs 1,130 973 632
Life and Retirement | Reportable Segments | Individual Retirement      
Segment Reporting Information [Line Items]      
Revenues 5,415 6,083 5,714
Adjusted Pre-tax Income (Loss) 1,222 1,939 1,938
Net Investment Income 3,898 4,338 4,131
Interest expense 11 61 72
Amortization of deferred policy acquisition costs 761 736 590
Life and Retirement | Reportable Segments | Group Retirement      
Segment Reporting Information [Line Items]      
Revenues 2,780 3,291 2,970
Adjusted Pre-tax Income (Loss) 749 1,284 1,013
Net Investment Income 2,005 2,410 2,236
Interest expense 6 35 42
Amortization of deferred policy acquisition costs 96 61 7
Life and Retirement | Reportable Segments | Life Insurance      
Segment Reporting Information [Line Items]      
Revenues 5,299 5,112 4,877
Adjusted Pre-tax Income (Loss) 337 106 142
Net Investment Income 1,393 1,619 1,526
Interest expense 4 25 30
Amortization of deferred policy acquisition costs 267 170 30
Life and Retirement | Reportable Segments | Institutional Markets      
Segment Reporting Information [Line Items]      
Revenues 4,160 5,108 3,714
Adjusted Pre-tax Income (Loss) 349 582 438
Net Investment Income 1,051 1,154 988
Interest expense 2 9 11
Amortization of deferred policy acquisition costs $ 6 $ 6 $ 5