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SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Tables)
 12 Months Ended
Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]  
Condensed Statements of Operations [Table Text Block]
Schedule I — Condensed Financial Information of Registrant
Condensed Statements of Operations
(Parent Company Only)
Years Ended December 31,
2020
2019
2018
(in millions)
Revenues
Management and financial advice fees$— $(1)$(1)
Net investment income23 9 34 
Other revenues15 14 4 
Gain on disposal of business— 213 — 
Total revenues38 235 37 
Banking and deposit interest expense3 9 7 
Total net revenues35 226 30 
Expenses
Benefits, claims, losses and settlement expenses— 49 4 
Distribution expenses12 24 4 
Interest and debt expense105 126 120 
General and administrative expense198 244 210 
Total expenses315 443 338 
Pretax loss before equity in earnings of subsidiaries(280)(217)(308)
Income tax benefit(87)(38)(73)
Loss before equity in earnings of subsidiaries(193)(179)(235)
Equity in earnings of subsidiaries1,727 2,072 2,333 
Net income1,534 1,893 2,098 
Other comprehensive income (loss), net of tax367 553 (519)
Total comprehensive income$1,901 $2,446 $1,579 
See Notes to Condensed Financial Information of Registrant.
Condensed Balance Sheets [Table Text Block]
Schedule I — Condensed Financial Information of Registrant
Condensed Balance Sheets
(Parent Company Only)
December 31,
2020
2019
(in millions, except share amounts)
Assets
Cash and cash equivalents$1,071 $730 
Investments877 1,430 
Loans to subsidiaries247 361 
Due from subsidiaries497 305 
Receivables2 5 
Land, buildings, equipment, and software, net of accumulated depreciation of $929 and
     $952, respectively
208 207 
Investments in subsidiaries7,153 6,665 
Other assets1,334 1,136 
Total assets$11,389 $10,839 
Liabilities and Shareholders’ Equity
Liabilities:
Accounts payable and accrued expenses$936 $797 
Due to subsidiaries60 137 
Borrowings from subsidiaries494 401 
Long-term debt2,831 3,097 
Other liabilities1,201 678 
Total liabilities5,522 5,110 
Shareholders’ Equity:
Common shares ($.01 par value; shares authorized, 1,250,000,000; shares issued, 332,390,132 and
     329,842,827, respectively)
3 3 
Additional paid-in capital8,822 8,461 
Retained earnings15,292 14,279 
Treasury shares, at cost (215,624,519 and 205,903,593 shares, respectively)
(18,879)(17,276)
Accumulated other comprehensive income (loss), net of tax, including amounts applicable to equity
investments in subsidiaries		629 262 
Total shareholders’ equity5,867 5,729 
Total liabilities and equity$11,389 $10,839 
See Notes to Condensed Financial Information of Registrant.
Condensed Statements of Cash Flows [Table Text Block]
Schedule I — Condensed Financial Information of Registrant
Condensed Statements of Cash Flows
(Parent Company Only)
Years Ended December 31,
2020
2019
2018
(in millions)
Cash Flows from Operating Activities
Net income$1,534 $1,893 $2,098 
Equity in earnings of subsidiaries(1,727)(2,072)(2,333)
Dividends received from subsidiaries2,018 2,721 2,093 
Gain on disposal of business before affinity partner payment— (313)— 
Other operating activities, primarily with subsidiaries282 596 57 
Net cash provided by (used in) operating activities
2,107 2,825 1,915 
Cash Flows from Investing Activities
Available-for-Sale securities:
Proceeds from sales922 — — 
Maturities, sinking fund payments and calls161 204 94 
Purchases(15)(1,153)(222)
Proceeds from sale of other investments— 6 — 
Purchase of other investments(12)(12)— 
Proceeds from sale of land, buildings, equipment and software2 — — 
Purchase of land, buildings, equipment and software(54)(42)(62)
Proceeds from disposal of business— 1,138 — 
Contributions to subsidiaries(416)(368)(73)
Return of capital from subsidiaries131 18 454 
Repayment of loans from subsidiaries3,288 2,468 1,623 
Issuance of loans to subsidiaries(3,174)(2,457)(1,768)
Acquisition of surplus loans to subsidiaries(500)— — 
Other, net— (65)2 
Net cash provided by (used in) investing activities333 (263)48 
Cash Flows from Financing Activities
Dividends paid to shareholders(497)(504)(506)
Repurchase of common shares(1,441)(1,943)(1,630)
Cash paid for purchased options with deferred premiums— (107)(20)
Issuance of long-term debt, net of issuance costs496 497 — 
Repayments of long-term debt(762)(313)(13)
Borrowings from subsidiaries871 132 472 
Repayments of borrowings from subsidiaries(751)(79)(273)
Exercise of stock options3 3 2 
Other, net(18)6 (13)
Net cash provided by (used in) financing activities
(2,099)(2,308)(1,981)
Net increase (decrease) in cash and cash equivalents341 254 (18)
Cash and cash equivalents at beginning of year730 476 494 
Cash and cash equivalents at end of year$1,071 $730 $476 
Supplemental Disclosures:
Interest paid on debt$107 $123 $126 
Income taxes paid (received), net26 (109)(27)
Non-cash dividends from subsidiaries— 81 195 
See Notes to Condensed Financial Information of Registrant.