Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of components of income tax provision

	Years Ended December 31,
	2021		2020		2019
	(in millions)
Current income tax
Federal	$	551	$	527	$	531
State and local	79		63		80
Foreign	47		28		36
Total current income tax	677		618		647
Deferred income tax
Federal	(62)		(309)		(297)
State and local	(3)		(16)		(13)
Foreign	(22)		4		2
Total deferred income tax	(87)		(321)		(308)
Total income tax provision	$	590	$	297	$	339

Schedule of geographic sources of pretax income

	Years Ended December 31,
	2021		2020		2019
	(in millions)
United States	$	3,126	$	1,685	$	2,045
Foreign	224		146		187
Total	$	3,350	$	1,831	$	2,232

Schedule of reasons for aggregate income tax provision differences to U.S. statutory rate

	Years Ended December 31,
	2021		2020		2019
Tax at U.S. statutory rate	21.0	%	21.0	%	21.0	%
Changes in taxes resulting from:
Low income housing tax credits	(2.0)		(4.3)		(3.6)
State taxes, net of federal benefit	1.8		2.1		2.4
Incentive compensation	(1.6)		(1.4)		—
Dividends received deduction	—		(2.1)		(1.8)
Foreign tax credits, net of addback	—		—		(2.2)
Other, net	(1.6)		0.9		(0.6)
Income tax provision	17.6	%	16.2	%	15.2	%

Schedule of significant components of deferred income tax assets and liabilities

	December 31,
	2021		2020
	(in millions)
Deferred income tax assets
Liabilities for policyholder account balances, future policy benefits and claims	$	1,996	$	1,618
Deferred compensation	586		493
Right of use lease liability	73		60
Postretirement benefits	—		65
Other	106		51
Gross deferred income tax assets	2,761		2,287
Less: valuation allowance	32		15
Total deferred income tax assets	2,729		2,272
Deferred income tax liabilities
Investment related	565		253
Deferred acquisition costs	481		435
Intangible assets	209		124
Net unrealized gains on Available-for-Sale securities	113		295
Depreciation expense	89		99
Goodwill	77		70
Right of use lease asset	62		54
Deferred sales inducement costs	—		44
Other	45		18
Gross deferred income tax liabilities	1,641		1,392
Net deferred income tax assets	$	1,088	$	880

Reconciliation rollforward of gross unrecognized tax benefits

	2021		2020		2019
	(in millions)
Balance at January 1	$	110	$	100	$	92
Additions based on tax positions related to the current year	21		11		15
Reductions based on tax positions related to the current year	(1)		(1)		—
Additions for tax positions of prior years	5		10		39
Reductions for tax positions of prior years	(8)		(4)		(17)
Reductions due to lapse of statute of limitations	(1)		(5)		—
Audit settlements	(1)		(1)		(29)
Balance at December 31	$	125	$	110	$	100