Shares and Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2022

Shares and Stockholders' Equity [Abstract]

Changes In Common stock (Number Of Shares)

	For the Three				For the Nine
	Months Ended				Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
Common Stock
Balance as of beginning-of-period	170,224,116		189,089,948		177,193,515		192,329,691
Stock compensation/issued for benefit plans	10,052		61,099		686,473		943,925
Retirement/cancellation of shares	(1,019,675	)	(3,061,825	)	(8,665,495	)	(7,184,394	)
Balance as of end-of-period	169,214,493		186,089,222		169,214,493		186,089,222
Common Stock as of End-of-Period
Basic basis	169,214,493		186,089,222		169,214,493		186,089,222
Diluted basis	170,658,861		188,103,623		170,658,861		188,103,623

Reconciliation Of The Denominator Calculations Of Basic And Diluted EPS

	For the Three				For the Nine
	Months Ended				Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
Weighted-average shares, as used in basic calculation	169,706,526		187,276,859		171,647,108		189,665,059
Shares to cover non-vested stock	779,215		1,451,686		1,011,546		1,239,640
Average stock options outstanding during the period	380,706		1,847,513		1,236,484		1,604,627
Assumed acquisition of shares with assumed
proceeds and benefits from exercising stock
options (at average market price for the period)	(280,067	)	(1,444,711	)	(978,538	)	(1,224,255	)
Shares repurchasable from measured but
unrecognized stock option expense	-		(40,280	)	(28,008	)	(26,570	)
Average deferred compensation shares	508,980		-		507,487		-
Weighted-average shares, as used in diluted calculation(1)	171,095,360		189,091,067		173,396,079		191,258,501

⁽¹⁾Due to reporting a net loss for the three and nine months ended September 30, 2022, basic shares were used in the diluted earnings per share (“EPS”) calculation for those periods as the use of diluted shares would have resulted in a lower loss per share.

Components And Changes In Accumulated OCI

	For the Nine
	Months Ended
	September 30,
	2022			2021
Unrealized Gain (Loss) on Fixed Maturity AFS Securities and Certain Other
Investments
Balance as of beginning-of-year	$	6,777		$	9,611
Unrealized holding gains (losses) arising during the period		(27,065	)		(4,244	)
Change in foreign currency exchange rate adjustment		(620	)		(123	)
Change in DAC, VOBA, DSI, future contract benefits and other contract holder funds		7,625			1,359
Income tax benefit (expense)		4,281			640
Less:
Reclassification adjustment for gains (losses) included in net income (loss)		(9	)		(4	)
Associated amortization of DAC, VOBA, DSI and DFEL		(10	)		(18	)
Income tax benefit (expense)		4			5
Balance as of end-of-period	$	(8,987	)	$	7,260
Unrealized Gain (Loss) on Derivative Instruments
Balance as of beginning-of-year	$	(103	)	$	(402	)
Unrealized holding gains (losses) arising during the period		301			229
Change in foreign currency exchange rate adjustment		623			129
Change in DAC, VOBA, DSI and DFEL		34			-
Income tax benefit (expense)		(201	)		(76	)
Less:
Reclassification adjustment for gains (losses) included in net income (loss)		67			16
Associated amortization of DAC, VOBA, DSI and DFEL		(3	)		(1	)
Income tax benefit (expense)		(13	)		(3	)
Balance as of end-of-period	$	603		$	(132	)
Foreign Currency Translation Adjustment
Balance as of beginning-of-year	$	(14	)	$	(12	)
Foreign currency translation adjustment arising during the period		(32	)		(2	)
Income tax benefit (expense)		(1	)		-
Balance as of end-of-period	$	(47	)	$	(14	)
Funded Status of Employee Benefit Plans
Balance as of beginning-of-year	$	(219	)	$	(266	)
Adjustment arising during the period		22			1
Balance as of end-of-period	$	(197	)	$	(265	)

Schedule of Reclassifications Out Of AOCI

	For the Nine
	Months Ended
	September 30,
	2022			2021
Unrealized Gain (Loss) on Fixed Maturity AFS
Securities and Certain Other Investments
Gross reclassification	$	(9	)	$	(4	)	Realized gain (loss)
Associated amortization of DAC,
VOBA, DSI and DFEL		(10	)		(18	)	Realized gain (loss)
Reclassification before income
tax benefit (expense)		(19	)		(22	)	Income (loss) before taxes
Income tax benefit (expense)		4			5		Federal income tax expense (benefit)
Reclassification, net of income tax	$	(15	)	$	(17	)	Net income (loss)
Unrealized Gain (Loss) on Derivative Instruments
Gross reclassifications:
Interest rate contracts	$	1		$	2		Net investment income
Interest rate contracts		(11	)		(18	)	Interest and debt expense
Foreign currency contracts		48			34		Net investment income
Foreign currency contracts		29			(2	)	Realized gain (loss)
Total gross reclassifications		67			16
Associated amortization of DAC,							Commissions and other
VOBA, DSI and DFEL		(3	)		(1	)	expenses
Reclassifications before income
tax benefit (expense)		64			15		Income (loss) before taxes
Income tax benefit (expense)		(13	)		(3	)	Federal income tax expense (benefit)
Reclassifications, net of income tax	$	51		$	12		Net income (loss)