Shares and Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2020

Shares and Stockholders' Equity [Abstract]

Changes In Common stock (Number Of Shares)

	For the Three			For the Six
	Months Ended			Months Ended
	June 30,			June 30,
	2020	2019		2020		2019
Common Stock
Balance as of beginning-of-period	193,208,244	202,987,229		196,668,532		205,862,760
Stock issued for exercise of warrants	-	18,493		-		222,023
Stock compensation/issued for benefit plans	38,859	83,405		388,495		893,075
Retirement/cancellation of shares	-	(2,313,396	)	(3,809,924	)	(6,202,127	)
Balance as of end-of-period	193,247,103	200,775,731		193,247,103		200,775,731
Common Stock as of End-of-Period
Basic basis	193,247,103	200,775,731		193,247,103		200,775,731
Diluted basis	193,962,833	202,245,662		193,962,833		202,245,662

Reconciliation Of The Denominator Calculations Of Basic And Diluted EPS

	For the Three				For the Six
	Months Ended				Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Weighted-average shares, as used in basic calculation	193,228,547		201,498,137		194,152,672		202,886,733
Shares to cover exercise of outstanding warrants	-		57,189		-		115,513
Shares to cover non-vested stock	448,982		831,385		651,289		940,471
Average stock options outstanding during the period	572,544		1,647,523		784,396		1,583,354
Assumed acquisition of shares with assumed proceeds
from exercising outstanding warrants	-		(8,610	)	-		(18,893	)
Assumed acquisition of shares with assumed
proceeds and benefits from exercising stock
options (at average market price for the period)	(469,928	)	(1,119,711	)	(586,764	)	(1,080,671	)
Shares repurchasable from measured but
unrecognized stock option expense	(3,693	)	-		(1,846	)	(434	)
Average deferred compensation shares	-		-		1,236,744		-
Weighted-average shares, as used in diluted calculation (1)	193,776,452		202,905,913		196,236,491		204,426,073

⁽¹⁾Due to reporting a net loss for the three and six months ended June 30, 2020, basic shares were used in the diluted earnings per share (“EPS”) calculation for these periods, as the use of diluted shares would have resulted in a lower loss per share.

Components And Changes In Accumulated OCI

	For the Six
	Months Ended
	June 30,
	2020			2019
Unrealized Gain (Loss) on AFS Securities
Balance as of beginning-of-year	$	5,983		$	557
Cumulative effect from adoption of new accounting standard		45			-
Unrealized holding gains (losses) arising during the period		3,775			6,933
Change in foreign currency exchange rate adjustment		(93	)		3
Change in DAC, VOBA, DSI, future contract benefits and other contract holder funds		(1,351	)		(1,903	)
Income tax benefit (expense)		(495	)		(1,070	)
Less:
Reclassification adjustment for gains (losses) included in net income (loss)		(44	)		(12	)
Associated amortization of DAC, VOBA, DSI and DFEL		62			(5	)
Income tax benefit (expense)		(4	)		4
Balance as of end-of-period	$	7,850		$	4,533
Unrealized OTTI on AFS Securities
Balance as of beginning-of-year	$	45		$	33
(Increases) attributable to:
Cumulative effect from adoption of new accounting standard		(45	)		-
Gross OTTI recognized in OCI during the period		-			(16	)
Change in DAC, VOBA, DSI and DFEL		-			1
Income tax benefit (expense)		-			3
Decreases attributable to:
Changes in fair value, sales, maturities or other settlements of AFS securities		-			19
Change in DAC, VOBA, DSI and DFEL		-			(3	)
Income tax benefit (expense)		-			(3	)
Balance as of end-of-period	$	-		$	34
Unrealized Gain (Loss) on Derivative Instruments
Balance as of beginning-of-year	$	(11	)	$	139
Unrealized holding gains (losses) arising during the period		(192	)		(32	)
Change in foreign currency exchange rate adjustment		97			(5	)
Change in DAC, VOBA, DSI and DFEL		(116	)		(5	)
Income tax benefit (expense)		43			8
Less:
Reclassification adjustment for gains (losses) included in net income (loss)		23			20
Associated amortization of DAC, VOBA, DSI and DFEL		(19	)		(2	)
Income tax benefit (expense)		(1	)		(4	)
Balance as of end-of-period	$	(182	)	$	91
Foreign Currency Translation Adjustment
Balance as of beginning-of-year	$	(17	)	$	(23	)
Foreign currency translation adjustment arising during the period		(11	)		-
Balance as of end-of-period	$	(28	)	$	(23	)
Funded Status of Employee Benefit Plans
Balance as of beginning-of-year	$	(327	)	$	(299	)
Adjustment arising during the period		10			-
Balance as of end-of-period	$	(317	)	$	(299	)

Schedule of Reclassifications Out Of AOCI

	For the Six
	Months Ended
	June 30,
	2020			2019
Unrealized Gain (Loss) on AFS Securities
Gross reclassification	$	(44	)	$	(12	)	Total realized gain (loss)
Associated amortization of DAC,
VOBA, DSI and DFEL		62			(5	)	Total realized gain (loss)
Reclassification before income							Income (loss) from continuing
tax benefit (expense)		18			(17	)	operations before taxes
Income tax benefit (expense)		(4	)		4		Federal income tax expense (benefit)
Reclassification, net of income tax	$	14		$	(13	)	Net income (loss)
Unrealized OTTI on AFS Securities
Gross reclassification	$	-		$	5		Total realized gain (loss)
Change in DAC, VOBA, DSI and DFEL		-			-		Total realized gain (loss)
Reclassification before income							Income (loss) from continuing
tax benefit (expense)		-			5		operations before taxes
Income tax benefit (expense)		-			(1	)	Federal income tax expense (benefit)
Reclassification, net of income tax	$	-		$	4		Net income (loss)
Unrealized Gain (Loss) on Derivative Instruments
Gross reclassifications:
Interest rate contracts	$	1		$	2		Net investment income
Interest rate contracts		(8	)		(1	)	Interest and debt expense
Foreign currency contracts		22			15		Net investment income
Foreign currency contracts		8			4		Total realized gain (loss)
Total gross reclassifications		23			20
Associated amortization of DAC,
VOBA, DSI and DFEL		(19	)		(2	)	Commissions and other expenses
Reclassifications before income							Income (loss) from continuing
tax benefit (expense)		4			18		operations before taxes
Income tax benefit (expense)		(1	)		(4	)	Federal income tax expense (benefit)
Reclassifications, net of income tax	$	3		$	14		Net income (loss)