2019 Q1 Form 10-Q Financial Statement

#000082002719000046 Filed on May 01, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $3.153B $3.184B
YoY Change -0.97% 8.45%
Cost Of Revenue $670.0M $494.0M
YoY Change 35.63% -12.87%
Gross Profit $2.483B $2.690B
YoY Change -7.7% 13.55%
Gross Profit Margin 78.75% 84.48%
Selling, General & Admin $803.0M $789.0M
YoY Change 1.77% 1.54%
% of Gross Profit 32.34% 29.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.00M $92.00M
YoY Change -82.61% 27.78%
% of Gross Profit 0.64% 3.42%
Operating Expenses $821.0M $881.0M
YoY Change -6.81% 3.77%
Operating Profit $1.662B $1.809B
YoY Change -8.13% 19.01%
Interest Expense -$53.00M -$51.00M
YoY Change 3.92% 2.0%
% of Operating Profit -3.19% -2.82%
Other Income/Expense, Net
YoY Change
Pretax Income $470.0M $696.0M
YoY Change -32.47% 46.53%
Income Tax $75.00M $102.0M
% Of Pretax Income 15.96% 14.66%
Net Earnings $395.0M $594.0M
YoY Change -33.5% 47.39%
Net Earnings / Revenue 12.53% 18.66%
Basic Earnings Per Share $2.85 $3.97
Diluted Earnings Per Share $2.82 $3.91
COMMON SHARES
Basic Shares Outstanding 138.8M shares 149.5M shares
Diluted Shares Outstanding 140.1M shares 152.1M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.347B $2.201B
YoY Change 52.07% 1.1%
Cash & Equivalents $5.761B $4.471B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $7.434B $5.860B
Other Receivables $28.00M $20.00M
Total Short-Term Assets $10.81B $8.081B
YoY Change 33.76% 7.05%
LONG-TERM ASSETS
Property, Plant & Equipment $271.0M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $35.20B $37.43B
YoY Change -5.95% -1.55%
Other Assets $7.348B $5.536B
YoY Change 32.73% -8.44%
Total Long-Term Assets $133.6B $136.7B
YoY Change -2.26% 2.53%
TOTAL ASSETS
Total Short-Term Assets $10.81B $8.081B
Total Long-Term Assets $133.6B $136.7B
Total Assets $144.4B $144.8B
YoY Change -0.25% 2.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.596B $1.609B
YoY Change -0.81% 9.46%
Accrued Expenses $248.0M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $11.72B $10.44B
YoY Change 12.26% -0.71%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.57B $12.05B
YoY Change 12.57% 0.53%
LONG-TERM LIABILITIES
Long-Term Debt $5.125B $5.055B
YoY Change 1.38% -3.75%
Other Long-Term Liabilities $119.9B $121.8B
YoY Change -1.6% 3.77%
Total Long-Term Liabilities $125.0B $126.9B
YoY Change -1.48% 3.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.57B $12.05B
Total Long-Term Liabilities $125.0B $126.9B
Total Liabilities $138.6B $138.9B
YoY Change -0.26% 3.19%
SHAREHOLDERS EQUITY
Retained Earnings $13.17B $11.80B
YoY Change 11.66% 10.94%
Common Stock $8.273B $8.119B
YoY Change 1.9% 3.3%
Preferred Stock
YoY Change
Treasury Stock (at cost) $15.64B $14.07B
YoY Change 11.14% 12.7%
Treasury Stock Shares 194.7M shares 183.1M shares
Shareholders Equity $5.843B $5.840B
YoY Change
Total Liabilities & Shareholders Equity $144.4B $144.8B
YoY Change -0.25% 2.77%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $395.0M $594.0M
YoY Change -33.5% 47.39%
Depreciation, Depletion And Amortization $16.00M $92.00M
YoY Change -82.61% 27.78%
Cash From Operating Activities $172.0M -$188.0M
YoY Change -191.49% -3233.33%
INVESTING ACTIVITIES
Capital Expenditures -$31.00M -$33.00M
YoY Change -6.06% 0.0%
Acquisitions
YoY Change
Other Investing Activities -$1.000M -$3.000M
YoY Change -66.67% -57.14%
Cash From Investing Activities -$481.0M $67.00M
YoY Change -817.91% -68.25%
FINANCING ACTIVITIES
Cash Dividend Paid $124.0M $122.0M
YoY Change 1.64% 4.27%
Common Stock Issuance & Retirement, Net $385.0M $425.0M
YoY Change -9.41% -2.52%
Debt Paid & Issued, Net $3.000M $3.000M
YoY Change 0.0% 50.0%
Cash From Financing Activities $291.0M -$564.0M
YoY Change -151.6% 29.95%
NET CHANGE
Cash From Operating Activities $172.0M -$188.0M
Cash From Investing Activities -$481.0M $67.00M
Cash From Financing Activities $291.0M -$564.0M
Net Change In Cash -$18.00M -$685.0M
YoY Change -97.37% 215.67%
FREE CASH FLOW
Cash From Operating Activities $172.0M -$188.0M
Capital Expenditures -$31.00M -$33.00M
Free Cash Flow $203.0M -$155.0M
YoY Change -230.97% -497.44%

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CY2018Q1 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
53000000 USD
CY2019Q1 amp Change In Reinsurance Deposit Net
ChangeInReinsuranceDepositNet
-345000000 USD
CY2019Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1000000 USD
CY2018Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-3000000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-481000000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
67000000 USD
CY2019Q1 amp Investment Certificates And Banking Time Deposits Proceeds From Additions
InvestmentCertificatesAndBankingTimeDepositsProceedsFromAdditions
1618000000 USD
CY2018Q1 amp Investment Certificates And Banking Time Deposits Proceeds From Additions
InvestmentCertificatesAndBankingTimeDepositsProceedsFromAdditions
1336000000 USD
CY2019Q1 amp Investment Certificates And Banking Time Deposits Maturities Withdrawals And Cash Surrenders
InvestmentCertificatesAndBankingTimeDepositsMaturitiesWithdrawalsAndCashSurrenders
1377000000 USD
CY2018Q1 amp Investment Certificates And Banking Time Deposits Maturities Withdrawals And Cash Surrenders
InvestmentCertificatesAndBankingTimeDepositsMaturitiesWithdrawalsAndCashSurrenders
1192000000 USD
CY2019Q1 us-gaap Additions To Contract Holders Funds
AdditionsToContractHoldersFunds
585000000 USD
CY2018Q1 us-gaap Additions To Contract Holders Funds
AdditionsToContractHoldersFunds
444000000 USD
CY2019Q1 amp Policyholder And Contractholder Account Values Net Transfer From To Separate Accounts
PolicyholderAndContractholderAccountValuesNetTransferFromToSeparateAccounts
1000000 USD
CY2018Q1 amp Policyholder And Contractholder Account Values Net Transfer From To Separate Accounts
PolicyholderAndContractholderAccountValuesNetTransferFromToSeparateAccounts
28000000 USD
CY2019Q1 us-gaap Withdrawal From Contract Holders Funds
WithdrawalFromContractHoldersFunds
476000000 USD
CY2018Q1 us-gaap Withdrawal From Contract Holders Funds
WithdrawalFromContractHoldersFunds
501000000 USD
CY2019Q1 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
44000000 USD
CY2018Q1 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
45000000 USD
CY2019Q1 us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
12000000 USD
CY2018Q1 us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
24000000 USD
CY2019Q1 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
497000000 USD
CY2019Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3000000 USD
CY2018Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3000000 USD
CY2019Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
124000000 USD
CY2018Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
122000000 USD
CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
385000000 USD
CY2018Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
425000000 USD
CY2019Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1000000 USD
CY2018Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2000000 USD
CY2019Q1 amp Repayments Of Debt Of Consolidated Investment Entities
RepaymentsOfDebtOfConsolidatedInvestmentEntities
12000000 USD
CY2018Q1 amp Repayments Of Debt Of Consolidated Investment Entities
RepaymentsOfDebtOfConsolidatedInvestmentEntities
52000000 USD
CY2018Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2000000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
291000000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-564000000 USD
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
7000000 USD
CY2018Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
12000000 USD
CY2019Q1 amp Cashand Cash Equivalentsincluding Disposal Group Period Increase Decrease
CashandCashEquivalentsincludingDisposalGroupPeriodIncreaseDecrease
-11000000 USD
CY2018Q1 amp Cashand Cash Equivalentsincluding Disposal Group Period Increase Decrease
CashandCashEquivalentsincludingDisposalGroupPeriodIncreaseDecrease
-673000000 USD
CY2019Q1 amp Cashand Cash Equivalentsof Disposal Group Period Increase Decrease
CashandCashEquivalentsofDisposalGroupPeriodIncreaseDecrease
-111000000 USD
CY2018Q1 amp Cashand Cash Equivalentsof Disposal Group Period Increase Decrease
CashandCashEquivalentsofDisposalGroupPeriodIncreaseDecrease
0 USD
CY2019Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-122000000 USD
CY2018Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-673000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5883000000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5144000000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5761000000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4471000000 USD
CY2019Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
18000000 USD
CY2018Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
118000000 USD
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4000000 USD
CY2018Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2019Q1 amp Investmentstransferredinconnectionwithreinsurancetransaction
Investmentstransferredinconnectionwithreinsurancetransaction
1265000000 USD
CY2019Q1 us-gaap Securities Segregated Under Other Regulations
SecuritiesSegregatedUnderOtherRegulations
150000000 USD
CY2018Q4 us-gaap Securities Segregated Under Other Regulations
SecuritiesSegregatedUnderOtherRegulations
124000000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5761000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5883000000 USD
CY2019Q1 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
3118000000 USD
CY2018Q1 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
3168000000 USD
CY2019Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
656000000 USD
CY2018Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
644000000 USD
CY2019Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
353000000 USD
CY2018Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
329000000 USD
CY2019Q1 amp Net Realized Investment Gains Losses
NetRealizedInvestmentGainsLosses
4000000 USD
CY2018Q1 amp Net Realized Investment Gains Losses
NetRealizedInvestmentGainsLosses
6000000 USD
CY2019Q1 amp Investment Income Expenses Affordable Housing Partnerships
InvestmentIncomeExpensesAffordableHousingPartnerships
-15000000 USD
CY2018Q1 amp Investment Income Expenses Affordable Housing Partnerships
InvestmentIncomeExpensesAffordableHousingPartnerships
-11000000 USD
CY2019Q1 amp Investment Income Other
InvestmentIncomeOther
32000000 USD
CY2018Q1 amp Investment Income Other
InvestmentIncomeOther
46000000 USD
CY2019Q1 amp Investment Income From Consolidated Investment Entities
InvestmentIncomeFromConsolidatedInvestmentEntities
23000000 USD
CY2018Q1 amp Investment Income From Consolidated Investment Entities
InvestmentIncomeFromConsolidatedInvestmentEntities
26000000 USD
CY2019Q1 amp Net Income From Investment
NetIncomeFromInvestment
397000000 USD
CY2018Q1 amp Net Income From Investment
NetIncomeFromInvestment
396000000 USD
CY2018Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
2000000 USD
CY2017Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
2000000 USD
CY2019Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
0 USD
CY2018Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
0 USD
CY2019Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
2000000 USD
CY2018Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
2000000 USD
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
24000000 USD
CY2017Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
26000000 USD
CY2019Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1000000 USD
CY2018Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
0 USD
CY2019Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
0 USD
CY2018Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
0 USD
CY2019Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
23000000 USD
CY2018Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
26000000 USD
CY2019Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
0 USD
CY2018Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
0 USD
CY2019Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
23000000 USD
CY2018Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
26000000 USD
CY2019Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
19000000 USD
CY2018Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
24000000 USD
CY2019Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
3190000000 USD
CY2018Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
3239000000 USD
CY2019Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
3209000000 USD
CY2018Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
3263000000 USD
CY2019Q1 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
19000000 USD
CY2018Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
24000000 USD
CY2019Q1 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
0 USD
CY2019Q1 amp Amountoffixedannuitypoliciesreinsured
Amountoffixedannuitypoliciesreinsured
1700000000 USD
CY2019Q1 us-gaap Funds Held Under Reinsurance Agreements Asset
FundsHeldUnderReinsuranceAgreementsAsset
1600000000 USD
CY2019Q1 us-gaap Policyholder Funds
PolicyholderFunds
19850000000 USD
CY2018Q4 us-gaap Policyholder Funds
PolicyholderFunds
19941000000 USD
CY2019Q1 us-gaap Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
9435000000 USD
CY2018Q4 us-gaap Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
9292000000 USD
CY2019Q1 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
178000000 USD
CY2018Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
891000000 USD
CY2019Q1 amp Policyholder Account Balances Future Policy Benefitsand Claims
PolicyholderAccountBalancesFuturePolicyBenefitsandClaims
29463000000 USD
CY2018Q4 amp Policyholder Account Balances Future Policy Benefitsand Claims
PolicyholderAccountBalancesFuturePolicyBenefitsandClaims
30124000000 USD
CY2019Q1 amp Separate Accounts Liability Variable Annuity
SeparateAccountsLiabilityVariableAnnuity
71748000000 USD
CY2018Q4 amp Separate Accounts Liability Variable Annuity
SeparateAccountsLiabilityVariableAnnuity
66913000000 USD
CY2019Q1 amp Separate Accounts Liability Variable Universal Life Insurance
SeparateAccountsLiabilityVariableUniversalLifeInsurance
7034000000 USD
CY2018Q4 amp Separate Accounts Liability Variable Universal Life Insurance
SeparateAccountsLiabilityVariableUniversalLifeInsurance
6451000000 USD
CY2019Q1 amp Separate Accounts Liability Other Insurance
SeparateAccountsLiabilityOtherInsurance
30000000 USD
CY2018Q4 amp Separate Accounts Liability Other Insurance
SeparateAccountsLiabilityOtherInsurance
29000000 USD
CY2019Q1 amp Separate Accounts Liability Investment
SeparateAccountsLiabilityInvestment
4759000000 USD
CY2018Q4 amp Separate Accounts Liability Investment
SeparateAccountsLiabilityInvestment
4532000000 USD
CY2019Q1 us-gaap Separate Accounts Liability
SeparateAccountsLiability
83571000000 USD
CY2018Q4 us-gaap Separate Accounts Liability
SeparateAccountsLiability
77925000000 USD
CY2019Q1 amp Cumulative Changein Embedded Derivatives Dueto Nonperformance
CumulativeChangeinEmbeddedDerivativesDuetoNonperformance
-536000000 USD
CY2018 amp Cumulative Changein Embedded Derivatives Dueto Nonperformance
CumulativeChangeinEmbeddedDerivativesDuetoNonperformance
-726000000 USD
CY2019Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
3012000000 USD
CY2019Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
3012000000 USD
CY2019Q1 amp Derivative Asset Not Offset Financial Instruments
DerivativeAssetNotOffsetFinancialInstruments
2370000000 USD
CY2019Q1 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
573000000 USD
CY2019Q1 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
36000000 USD
CY2019Q1 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
33000000 USD
CY2019Q1 us-gaap Securities Borrowed Gross
SecuritiesBorrowedGross
86000000 USD
CY2019Q1 us-gaap Securities Borrowed Gross
SecuritiesBorrowedGross
86000000 USD
CY2019Q1 amp Securities Borrowed Not Offset Financial Instruments
SecuritiesBorrowedNotOffsetFinancialInstruments
14000000 USD
CY2019Q1 us-gaap Securities Borrowed Collateral Obligation To Return Securities
SecuritiesBorrowedCollateralObligationToReturnSecurities
71000000 USD
CY2019Q1 us-gaap Securities Borrowed Amount Offset Against Collateral
SecuritiesBorrowedAmountOffsetAgainstCollateral
1000000 USD
CY2019Q1 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Gross
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedGross
3098000000 USD
CY2019Q1 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Gross
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedGross
3098000000 USD
CY2019Q1 amp Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Not Offset Financial Instruments
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedNotOffsetFinancialInstruments
2384000000 USD
CY2019Q1 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Collateral Obligation To Return Cash
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedCollateralObligationToReturnCash
573000000 USD
CY2019Q1 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Collateral Obligation To Return Securities
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedCollateralObligationToReturnSecurities
107000000 USD
CY2019Q1 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Amount Offset Against Collateral
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedAmountOffsetAgainstCollateral
34000000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
2574000000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
2574000000 USD
CY2018Q4 amp Derivative Asset Not Offset Financial Instruments
DerivativeAssetNotOffsetFinancialInstruments
2099000000 USD
CY2018Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
403000000 USD
CY2018Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
26000000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
46000000 USD
CY2018Q4 us-gaap Securities Borrowed Gross
SecuritiesBorrowedGross
179000000 USD
CY2018Q4 us-gaap Securities Borrowed Gross
SecuritiesBorrowedGross
179000000 USD
CY2018Q4 amp Securities Borrowed Not Offset Financial Instruments
SecuritiesBorrowedNotOffsetFinancialInstruments
37000000 USD
CY2018Q4 us-gaap Securities Borrowed Collateral Obligation To Return Securities
SecuritiesBorrowedCollateralObligationToReturnSecurities
139000000 USD
CY2018Q4 us-gaap Securities Borrowed Amount Offset Against Collateral
SecuritiesBorrowedAmountOffsetAgainstCollateral
3000000 USD
CY2018Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Gross
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedGross
2753000000 USD
CY2018Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Gross
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedGross
2753000000 USD
CY2018Q4 amp Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Not Offset Financial Instruments
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedNotOffsetFinancialInstruments
2136000000 USD
CY2018Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Collateral Obligation To Return Cash
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedCollateralObligationToReturnCash
403000000 USD
CY2018Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Collateral Obligation To Return Securities
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedCollateralObligationToReturnSecurities
165000000 USD
CY2018Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Amount Offset Against Collateral
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedAmountOffsetAgainstCollateral
49000000 USD
CY2019Q1 us-gaap Securities Loaned Gross
SecuritiesLoanedGross
105000000 USD
CY2019Q1 us-gaap Securities Loaned Gross
SecuritiesLoanedGross
105000000 USD
CY2019Q1 amp Securities Loaned Not Offset Financial Instruments
SecuritiesLoanedNotOffsetFinancialInstruments
14000000 USD
CY2019Q1 us-gaap Securities Loaned Collateral Right To Reclaim Securities
SecuritiesLoanedCollateralRightToReclaimSecurities
88000000 USD
CY2019Q1 us-gaap Securities Loaned Amount Offset Against Collateral
SecuritiesLoanedAmountOffsetAgainstCollateral
3000000 USD
CY2019Q1 us-gaap Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
50000000 USD
CY2019Q1 us-gaap Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
50000000 USD
CY2019Q1 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Securities
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities
50000000 USD
CY2019Q1 us-gaap Securities Sold Under Agreements To Repurchase Amount Offset Against Collateral
SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral
0 USD
CY2019Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
3200000000 USD
CY2019Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
3200000000 USD
CY2019Q1 amp Derivative Liability Securities Sold Under Agreements To Repurchase Securities Loaned Not Offset Financial Instruments
DerivativeLiabilitySecuritiesSoldUnderAgreementsToRepurchaseSecuritiesLoanedNotOffsetFinancialInstruments
2384000000 USD
CY2019Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
50000000 USD
CY2019Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
750000000 USD
CY2019Q1 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
16000000 USD
CY2018Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
2869000000 USD
CY2018Q4 amp Derivative Liability Securities Sold Under Agreements To Repurchase Securities Loaned Not Offset Financial Instruments
DerivativeLiabilitySecuritiesSoldUnderAgreementsToRepurchaseSecuritiesLoanedNotOffsetFinancialInstruments
2136000000 USD
CY2018Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
89000000 USD
CY2018Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
626000000 USD
CY2018Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
18000000 USD
CY2019Q1 invest Derivative Notional Amount
DerivativeNotionalAmount
120415000000 USD
CY2019Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
3012000000 USD
CY2019Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
4009000000 USD
CY2018Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
119220000000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
2574000000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
3610000000 USD
CY2019Q1 amp Derivative Liability After Application Of Master Netting Arrangements And Cash Collateral Including Embedded Derivative Liabilities
DerivativeLiabilityAfterApplicationOfMasterNettingArrangementsAndCashCollateralIncludingEmbeddedDerivativeLiabilities
1600000000 USD
CY2018Q4 amp Derivative Liability After Application Of Master Netting Arrangements And Cash Collateral Including Embedded Derivative Liabilities
DerivativeLiabilityAfterApplicationOfMasterNettingArrangementsAndCashCollateralIncludingEmbeddedDerivativeLiabilities
1400000000 USD
CY2019Q1 us-gaap Derivative Asset Fair Value Of Collateral
DerivativeAssetFairValueOfCollateral
53000000 USD
CY2018Q4 us-gaap Derivative Asset Fair Value Of Collateral
DerivativeAssetFairValueOfCollateral
28000000 USD
CY2018Q4 us-gaap Securities Loaned Gross
SecuritiesLoanedGross
188000000 USD
CY2018Q4 us-gaap Securities Loaned Gross
SecuritiesLoanedGross
188000000 USD
CY2018Q4 amp Securities Loaned Not Offset Financial Instruments
SecuritiesLoanedNotOffsetFinancialInstruments
37000000 USD
CY2018Q4 us-gaap Securities Loaned Collateral Right To Reclaim Securities
SecuritiesLoanedCollateralRightToReclaimSecurities
146000000 USD
CY2018Q4 us-gaap Securities Loaned Amount Offset Against Collateral
SecuritiesLoanedAmountOffsetAgainstCollateral
5000000 USD
CY2018Q4 us-gaap Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
50000000 USD
CY2018Q4 us-gaap Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
50000000 USD
CY2018Q4 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Securities
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities
50000000 USD
CY2018Q4 us-gaap Securities Sold Under Agreements To Repurchase Amount Offset Against Collateral
SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral
0 USD
CY2018Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
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CY2019Q1 amp Stock Issued During Period Shares Treasury Stock Reissued For Restricted Stock Award Grants
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CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2019Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
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UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
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IncomeTaxExaminationPenaltiesAndInterestAccrued
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CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
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WeightedAverageNumberOfSharesOutstandingBasic
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CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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EarningsPerShareBasic
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CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.82
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.91
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4400000 shares
CY2018Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1100000 shares
CY2019Q1 us-gaap Assets
Assets
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CY2018Q4 us-gaap Assets
Assets
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CY2019Q1 amp Segment Reporting Information Adjusted Operating Net Revenues
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CY2018Q1 amp Segment Reporting Information Adjusted Operating Net Revenues
SegmentReportingInformationAdjustedOperatingNetRevenues
3111000000 USD
CY2019Q1 amp Net Realized Gains Losses
NetRealizedGainsLosses
9000000 USD
CY2018Q1 amp Net Realized Gains Losses
NetRealizedGainsLosses
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CY2019Q1 amp Segment Reporting Information Revenue Of Consolidated Investment Entities
SegmentReportingInformationRevenueOfConsolidatedInvestmentEntities
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CY2018Q1 amp Segment Reporting Information Revenue Of Consolidated Investment Entities
SegmentReportingInformationRevenueOfConsolidatedInvestmentEntities
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CY2019Q1 amp Market Impact On Iul Benefits Net Revenue
MarketImpactOnIULBenefitsNetRevenue
17000000 USD
CY2018Q1 amp Market Impact On Iul Benefits Net Revenue
MarketImpactOnIULBenefitsNetRevenue
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CY2019Q1 amp Marketimpactofhedgesoninvestments
Marketimpactofhedgesoninvestments
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CY2018Q1 amp Marketimpactofhedgesoninvestments
Marketimpactofhedgesoninvestments
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CY2019Q1 us-gaap Restructuring Charges
RestructuringCharges
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CY2019Q1 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
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CY2018Q1 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
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CY2019Q1 amp Segment Reporting Information Operating Earnings
SegmentReportingInformationOperatingEarnings
635000000 USD
CY2018Q1 amp Segment Reporting Information Operating Earnings
SegmentReportingInformationOperatingEarnings
651000000 USD
CY2019Q1 amp Net Realized Gains Losses
NetRealizedGainsLosses
9000000 USD
CY2018Q1 amp Net Realized Gains Losses
NetRealizedGainsLosses
6000000 USD
CY2019Q1 amp Market Impact On Variable Annuity Living Benefits Net Of Hedges Dsic And Dac Amortization
MarketImpactOnVariableAnnuityLivingBenefitsNetOfHedgesDSICAndDACAmortization
142000000 USD
CY2018Q1 amp Market Impact On Variable Annuity Living Benefits Net Of Hedges Dsic And Dac Amortization
MarketImpactOnVariableAnnuityLivingBenefitsNetOfHedgesDSICAndDACAmortization
5000000 USD
CY2019Q1 amp Market Impact On Iul Benefits Net Earning Loss
MarketImpactOnIULBenefitsNetEarningLoss
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CY2018Q1 amp Market Impact On Iul Benefits Net Earning Loss
MarketImpactOnIULBenefitsNetEarningLoss
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CY2019Q1 amp Meanreversionrelatedimpacts
Meanreversionrelatedimpacts
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CY2018Q1 amp Meanreversionrelatedimpacts
Meanreversionrelatedimpacts
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CY2019Q1 amp Marketimpactofhedgesoninvestments
Marketimpactofhedgesoninvestments
10000000 USD
CY2018Q1 amp Marketimpactofhedgesoninvestments
Marketimpactofhedgesoninvestments
-16000000 USD
CY2019Q1 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
7000000 USD
CY2018Q1 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
3000000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
470000000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
696000000 USD

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