2022 Q1 Form 10-Q Financial Statement

#000082002722000053 Filed on May 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $3.657B $3.355B
YoY Change 9.0% 10.87%
Cost Of Revenue $211.0M $653.0M
YoY Change -67.69% -137.38%
Gross Profit $3.446B $2.702B
YoY Change 27.54% -43.39%
Gross Profit Margin 94.23% 80.54%
Selling, General & Admin $947.0M $823.0M
YoY Change 15.07% 9.3%
% of Gross Profit 27.48% 30.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $96.00M $5.000M
YoY Change 1820.0% -99.02%
% of Gross Profit 2.79% 0.19%
Operating Expenses $1.043B $1.481B
YoY Change -29.57% -407.26%
Operating Profit $2.403B $1.221B
YoY Change 96.81% -76.76%
Interest Expense -$40.00M -$42.00M
YoY Change -4.76% -8.7%
% of Operating Profit -1.66% -3.44%
Other Income/Expense, Net
YoY Change
Pretax Income $923.0M $493.0M
YoY Change 87.22% -79.03%
Income Tax $162.0M $56.00M
% Of Pretax Income 17.55% 11.36%
Net Earnings $761.0M $437.0M
YoY Change 74.14% -78.54%
Net Earnings / Revenue 20.81% 13.03%
Basic Earnings Per Share $6.69 $3.65
Diluted Earnings Per Share $6.55 $3.58
COMMON SHARES
Basic Shares Outstanding 113.7M shares 119.8M shares
Diluted Shares Outstanding 116.2M shares 122.2M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.742B $5.787B
YoY Change 16.5% -34.45%
Cash & Equivalents $8.811B $7.536B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $16.19B $8.038B
Other Receivables $22.00M $17.00M
Total Short-Term Assets $22.96B $13.84B
YoY Change 65.85% -13.58%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $38.22B $43.08B
YoY Change -11.29% 13.29%
Other Assets $5.596B $5.249B
YoY Change 6.61% 0.71%
Total Long-Term Assets $144.6B $151.9B
YoY Change -4.82% 17.14%
TOTAL ASSETS
Total Short-Term Assets $22.96B $13.84B
Total Long-Term Assets $144.6B $151.9B
Total Assets $167.5B $165.7B
YoY Change 1.08% 13.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.050B $1.832B
YoY Change 11.9% 28.38%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $22.25B $17.82B
YoY Change 24.86% 3.54%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $24.30B $19.65B
YoY Change 23.65% 5.44%
LONG-TERM LIABILITIES
Long-Term Debt $4.486B $5.505B
YoY Change -18.51% 47.98%
Other Long-Term Liabilities $133.7B $135.1B
YoY Change -1.0% 15.82%
Total Long-Term Liabilities $138.2B $140.6B
YoY Change -1.68% 16.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.30B $19.65B
Total Long-Term Liabilities $138.2B $140.6B
Total Liabilities $162.5B $160.2B
YoY Change 1.42% 15.29%
SHAREHOLDERS EQUITY
Retained Earnings $18.15B $15.60B
YoY Change 16.37% -3.58%
Common Stock $9.351B $8.985B
YoY Change 4.07% 4.71%
Preferred Stock
YoY Change
Treasury Stock (at cost) $21.60B $19.40B
YoY Change 11.34% 9.15%
Treasury Stock Shares 225.2M shares 217.8M shares
Shareholders Equity $5.010B $5.502B
YoY Change
Total Liabilities & Shareholders Equity $167.5B $165.7B
YoY Change 1.08% 13.77%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $761.0M $437.0M
YoY Change 74.14% -78.54%
Depreciation, Depletion And Amortization $96.00M $5.000M
YoY Change 1820.0% -99.02%
Cash From Operating Activities $409.0M -$1.000B
YoY Change -140.9% -120.44%
INVESTING ACTIVITIES
Capital Expenditures -$44.00M -$22.00M
YoY Change 100.0% -24.14%
Acquisitions
YoY Change
Other Investing Activities -$24.00M -$14.00M
YoY Change 71.43% 100.0%
Cash From Investing Activities -$1.665B -$809.0M
YoY Change 105.81% 1922.5%
FINANCING ACTIVITIES
Cash Dividend Paid $129.0M $129.0M
YoY Change 0.0% 5.74%
Common Stock Issuance & Retirement, Net $541.0M $470.0M
YoY Change 15.11% -2.08%
Debt Paid & Issued, Net $502.0M $2.000M
YoY Change 25000.0% -99.73%
Cash From Financing Activities $518.0M $433.0M
YoY Change 19.63% -31.05%
NET CHANGE
Cash From Operating Activities $409.0M -$1.000B
Cash From Investing Activities -$1.665B -$809.0M
Cash From Financing Activities $518.0M $433.0M
Net Change In Cash -$758.0M -$1.367B
YoY Change -44.55% -125.02%
FREE CASH FLOW
Cash From Operating Activities $409.0M -$1.000B
Capital Expenditures -$44.00M -$22.00M
Free Cash Flow $453.0M -$978.0M
YoY Change -146.32% -119.87%

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CY2021Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
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CY2022Q1 us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
32000000 USD
CY2021Q1 us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
55000000 USD
CY2022Q1 us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
51000000 USD
CY2021Q1 us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
22000000 USD
CY2022Q1 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
15000000 USD
CY2021Q1 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
54000000 USD
CY2022Q1 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
5000000 USD
CY2021Q1 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
31000000 USD
CY2022Q1 amp Payment To Acquire Investments By Consolidated Investment Entities
PaymentToAcquireInvestmentsByConsolidatedInvestmentEntities
190000000 USD
CY2021Q1 amp Payment To Acquire Investments By Consolidated Investment Entities
PaymentToAcquireInvestmentsByConsolidatedInvestmentEntities
737000000 USD
CY2022Q1 amp Proceeds From Sales And Maturities Of Investments By Consolidated Investment Entities
ProceedsFromSalesAndMaturitiesOfInvestmentsByConsolidatedInvestmentEntities
183000000 USD
CY2021Q1 amp Proceeds From Sales And Maturities Of Investments By Consolidated Investment Entities
ProceedsFromSalesAndMaturitiesOfInvestmentsByConsolidatedInvestmentEntities
240000000 USD
CY2022Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
44000000 USD
CY2021Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
22000000 USD
CY2022Q1 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
0 USD
CY2021Q1 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
211000000 USD
CY2022Q1 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
12000000 USD
CY2021Q1 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
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CY2022Q1 us-gaap Payments For Other Deposits
PaymentsForOtherDeposits
12000000 USD
CY2021Q1 us-gaap Payments For Other Deposits
PaymentsForOtherDeposits
2000000 USD
CY2022Q1 us-gaap Proceeds From Other Deposits
ProceedsFromOtherDeposits
134000000 USD
CY2021Q1 us-gaap Proceeds From Other Deposits
ProceedsFromOtherDeposits
21000000 USD
CY2022Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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CY2021Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-14000000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1665000000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-809000000 USD
CY2022Q1 amp Investment Certificates And Banking Time Deposits Proceeds From Additions
InvestmentCertificatesAndBankingTimeDepositsProceedsFromAdditions
733000000 USD
CY2021Q1 amp Investment Certificates And Banking Time Deposits Proceeds From Additions
InvestmentCertificatesAndBankingTimeDepositsProceedsFromAdditions
723000000 USD
CY2022Q1 amp Investment Certificates And Banking Time Deposits Maturities Withdrawals And Cash Surrenders
InvestmentCertificatesAndBankingTimeDepositsMaturitiesWithdrawalsAndCashSurrenders
835000000 USD
CY2021Q1 amp Investment Certificates And Banking Time Deposits Maturities Withdrawals And Cash Surrenders
InvestmentCertificatesAndBankingTimeDepositsMaturitiesWithdrawalsAndCashSurrenders
1224000000 USD
CY2022Q1 us-gaap Additions To Contract Holders Funds
AdditionsToContractHoldersFunds
285000000 USD
CY2021Q1 us-gaap Additions To Contract Holders Funds
AdditionsToContractHoldersFunds
384000000 USD
CY2022Q1 amp Policyholder And Contractholder Account Values Net Transfer From To Separate Accounts
PolicyholderAndContractholderAccountValuesNetTransferFromToSeparateAccounts
57000000 USD
CY2022Q1 us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
168000000 USD
CY2021Q1 us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
306000000 USD
CY2021Q1 amp Policyholder And Contractholder Account Values Net Transfer From To Separate Accounts
PolicyholderAndContractholderAccountValuesNetTransferFromToSeparateAccounts
60000000 USD
CY2022Q1 us-gaap Withdrawal From Contract Holders Funds
WithdrawalFromContractHoldersFunds
328000000 USD
CY2021Q1 us-gaap Withdrawal From Contract Holders Funds
WithdrawalFromContractHoldersFunds
368000000 USD
CY2022Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
1802000000 USD
CY2021Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
580000000 USD
CY2022Q1 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
71000000 USD
CY2021Q1 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
42000000 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
0 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
4000000 USD
CY2022Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
502000000 USD
CY2021Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
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CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
129000000 USD
CY2021Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
129000000 USD
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
541000000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
470000000 USD
CY2022Q1 amp Borrowings Of Consolidated Investment Entities
BorrowingsOfConsolidatedInvestmentEntities
0 USD
CY2021Q1 amp Borrowings Of Consolidated Investment Entities
BorrowingsOfConsolidatedInvestmentEntities
797000000 USD
CY2022Q1 amp Repayments Of Debt Of Consolidated Investment Entities
RepaymentsOfDebtOfConsolidatedInvestmentEntities
1000000 USD
CY2021Q1 amp Repayments Of Debt Of Consolidated Investment Entities
RepaymentsOfDebtOfConsolidatedInvestmentEntities
63000000 USD
CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
433000000 USD
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-20000000 USD
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9000000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8903000000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8811000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7536000000 USD
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
34000000 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
36000000 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
13000000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
44000000 USD
CY2022Q1 amp Exchange Of Investment
ExchangeOfInvestment
0 USD
CY2021Q1 amp Exchange Of Investment
ExchangeOfInvestment
17000000 USD
CY2022Q1 us-gaap Restricted Investments
RestrictedInvestments
599000000 USD
CY2021Q4 us-gaap Restricted Investments
RestrictedInvestments
474000000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9569000000 USD
CY2022Q1 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
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CY2021Q1 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
3350000000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
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CY2022Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
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CY2022Q1 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
609000000 USD
CY2021Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
668000000 USD
CY2022Q1 amp Net Investment Income And Gain Loss On Investments
NetInvestmentIncomeAndGainLossOnInvestments
261000000 USD
CY2021Q1 amp Net Investment Income And Gain Loss On Investments
NetInvestmentIncomeAndGainLossOnInvestments
377000000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
68000000 USD
CY2021Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
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CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
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CY2022Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0 loan
CY2022Q1 us-gaap Debt Securities Available For Sale Change In Present Value Expense Reversal
DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal
0 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Change In Present Value Expense Reversal
DebtSecuritiesAvailableForSaleChangeInPresentValueExpenseReversal
0 USD
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
50000000 USD
CY2022Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
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CY2022Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
48000000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
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CY2022Q1 us-gaap Funds Held Under Reinsurance Agreements Asset
FundsHeldUnderReinsuranceAgreementsAsset
7800000000 USD
CY2021Q4 us-gaap Funds Held Under Reinsurance Agreements Asset
FundsHeldUnderReinsuranceAgreementsAsset
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CY2021Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0 loan
CY2022Q1 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
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CY2021Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
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CY2020Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
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CY2022Q1 us-gaap Deferred Policy Acquisition Costs Additions
DeferredPolicyAcquisitionCostsAdditions
53000000 USD
CY2021Q1 us-gaap Deferred Policy Acquisition Costs Additions
DeferredPolicyAcquisitionCostsAdditions
65000000 USD
CY2022Q1 us-gaap Deferred Policy Acquisition Cost Amortization Expense Other
DeferredPolicyAcquisitionCostAmortizationExpenseOther
96000000 USD
CY2021Q1 us-gaap Deferred Policy Acquisition Cost Amortization Expense Other
DeferredPolicyAcquisitionCostAmortizationExpenseOther
5000000 USD
CY2022Q1 us-gaap Deferred Policy Acquisition Cost Unrealized Investment Gain Loss
DeferredPolicyAcquisitionCostUnrealizedInvestmentGainLoss
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CY2021Q1 us-gaap Deferred Policy Acquisition Cost Unrealized Investment Gain Loss
DeferredPolicyAcquisitionCostUnrealizedInvestmentGainLoss
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CY2022Q1 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
2928000000 USD
CY2021Q1 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
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CY2021Q4 us-gaap Deferred Sales Inducements Net
DeferredSalesInducementsNet
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CY2020Q4 us-gaap Deferred Sales Inducements Net
DeferredSalesInducementsNet
189000000 USD
CY2022Q1 us-gaap Deferred Sales Inducements Amortization Expense
DeferredSalesInducementsAmortizationExpense
8000000 USD
CY2021Q1 us-gaap Deferred Sales Inducements Amortization Expense
DeferredSalesInducementsAmortizationExpense
3000000 USD
CY2022Q1 us-gaap Deferred Sales Inducement Cost Unrealized Gain Loss On Investment
DeferredSalesInducementCostUnrealizedGainLossOnInvestment
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CY2021Q1 us-gaap Deferred Sales Inducement Cost Unrealized Gain Loss On Investment
DeferredSalesInducementCostUnrealizedGainLossOnInvestment
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CY2022Q1 us-gaap Deferred Sales Inducements Net
DeferredSalesInducementsNet
187000000 USD
CY2021Q1 us-gaap Deferred Sales Inducements Net
DeferredSalesInducementsNet
190000000 USD
CY2022Q1 us-gaap Policyholder Funds
PolicyholderFunds
24070000000 USD
CY2021Q4 us-gaap Policyholder Funds
PolicyholderFunds
23747000000 USD
CY2022Q1 amp Liability For Future Policy Benefit Before Reinsurance And Embedded Derivative Fair Value Of Embedded Derivative Net
LiabilityForFuturePolicyBenefitBeforeReinsuranceAndEmbeddedDerivativeFairValueOfEmbeddedDerivativeNet
10896000000 USD
CY2021Q4 amp Liability For Future Policy Benefit Before Reinsurance And Embedded Derivative Fair Value Of Embedded Derivative Net
LiabilityForFuturePolicyBenefitBeforeReinsuranceAndEmbeddedDerivativeFairValueOfEmbeddedDerivativeNet
11752000000 USD
CY2022Q1 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
259000000 USD
CY2021Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
251000000 USD
CY2022Q1 amp Policyholder Account Balances Future Policy Benefits And Claims And Embedded Derivative Fair Value Of Embedded Derivative Net
PolicyholderAccountBalancesFuturePolicyBenefitsAndClaimsAndEmbeddedDerivativeFairValueOfEmbeddedDerivativeNet
35225000000 USD
CY2021Q4 amp Policyholder Account Balances Future Policy Benefits And Claims And Embedded Derivative Fair Value Of Embedded Derivative Net
PolicyholderAccountBalancesFuturePolicyBenefitsAndClaimsAndEmbeddedDerivativeFairValueOfEmbeddedDerivativeNet
35750000000 USD
CY2021Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1000000 USD
CY2022Q1 amp Separate Accounts Liability Variable Annuity
SeparateAccountsLiabilityVariableAnnuity
75921000000 USD
CY2021Q4 amp Separate Accounts Liability Variable Annuity
SeparateAccountsLiabilityVariableAnnuity
82862000000 USD
CY2022Q1 amp Separate Accounts Liability Variable Universal Life Insurance
SeparateAccountsLiabilityVariableUniversalLifeInsurance
8719000000 USD
CY2021Q4 amp Separate Accounts Liability Variable Universal Life Insurance
SeparateAccountsLiabilityVariableUniversalLifeInsurance
9343000000 USD
CY2022Q1 amp Separate Accounts Liability Other Insurance
SeparateAccountsLiabilityOtherInsurance
31000000 USD
CY2021Q4 amp Separate Accounts Liability Other Insurance
SeparateAccountsLiabilityOtherInsurance
33000000 USD
CY2022Q1 amp Separate Accounts Liability Investment
SeparateAccountsLiabilityInvestment
4998000000 USD
CY2021Q4 amp Separate Accounts Liability Investment
SeparateAccountsLiabilityInvestment
5253000000 USD
CY2022Q1 us-gaap Separate Accounts Liability
SeparateAccountsLiability
89669000000 USD
CY2021Q4 us-gaap Separate Accounts Liability
SeparateAccountsLiability
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CY2021Q2 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
1000000000 USD
CY2021Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1250000000 USD
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2022Q1 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2022Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1000000 USD
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
4670000000 USD
CY2022Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
4670000000 USD
CY2022Q1 us-gaap Securities Borrowed Not Offset Policy Election Deduction
SecuritiesBorrowedNotOffsetPolicyElectionDeduction
64000000 USD
CY2022Q1 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
3442000000 USD
CY2022Q1 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
1089000000 USD
CY2022Q1 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 USD
CY2022Q1 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
139000000 USD
CY2022Q1 us-gaap Securities Borrowed Gross
SecuritiesBorrowedGross
178000000 USD
CY2022Q1 us-gaap Securities Borrowed Liability
SecuritiesBorrowedLiability
0 USD
CY2022Q1 us-gaap Securities Borrowed
SecuritiesBorrowed
178000000 USD
CY2022Q1 us-gaap Securities Borrowed Collateral Obligation To Return Cash
SecuritiesBorrowedCollateralObligationToReturnCash
0 USD
CY2022Q1 us-gaap Securities Borrowed Collateral Obligation To Return Securities
SecuritiesBorrowedCollateralObligationToReturnSecurities
111000000 USD
CY2022Q1 us-gaap Securities Borrowed Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
SecuritiesBorrowedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
3000000 USD
CY2022Q1 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Gross
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedGross
4848000000 USD
CY2022Q1 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedLiability
0 USD
CY2022Q1 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowed
4848000000 USD
CY2022Q1 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Not Offset Policy Election Deduction
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedNotOffsetPolicyElectionDeduction
3506000000 USD
CY2022Q1 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Collateral Obligation To Return Cash
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedCollateralObligationToReturnCash
1089000000 USD
CY2022Q1 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Collateral Obligation To Return Securities
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedCollateralObligationToReturnSecurities
111000000 USD
CY2022Q1 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
142000000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
5574000000 USD
CY2021Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
5574000000 USD
CY2021Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
3745000000 USD
CY2021Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
1637000000 USD
CY2021Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
114000000 USD
CY2021Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
78000000 USD
CY2021Q4 us-gaap Securities Borrowed Gross
SecuritiesBorrowedGross
135000000 USD
CY2021Q4 us-gaap Securities Borrowed Liability
SecuritiesBorrowedLiability
0 USD
CY2021Q4 us-gaap Securities Borrowed
SecuritiesBorrowed
135000000 USD
CY2021Q4 us-gaap Securities Borrowed Not Offset Policy Election Deduction
SecuritiesBorrowedNotOffsetPolicyElectionDeduction
41000000 USD
CY2021Q4 us-gaap Securities Borrowed Collateral Obligation To Return Cash
SecuritiesBorrowedCollateralObligationToReturnCash
0 USD
CY2021Q4 us-gaap Securities Borrowed Collateral Obligation To Return Securities
SecuritiesBorrowedCollateralObligationToReturnSecurities
91000000 USD
CY2021Q4 us-gaap Securities Borrowed Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
SecuritiesBorrowedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
3000000 USD
CY2021Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Gross
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedGross
5709000000 USD
CY2021Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedLiability
0 USD
CY2021Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowed
5709000000 USD
CY2021Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Not Offset Policy Election Deduction
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedNotOffsetPolicyElectionDeduction
3786000000 USD
CY2021Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Collateral Obligation To Return Cash
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedCollateralObligationToReturnCash
1637000000 USD
CY2021Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Collateral Obligation To Return Securities
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedCollateralObligationToReturnSecurities
205000000 USD
CY2021Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
81000000 USD
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
4102000000 USD
CY2022Q1 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
4102000000 USD
CY2022Q1 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
3442000000 USD
CY2022Q1 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
258000000 USD
CY2022Q1 us-gaap Derivative Collateral Right To Reclaim Securities
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StockReacquiredThroughNetSettlementOfOptionsNumber
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StockIssuedDuringPeriodSharesTreasuryStockReissuedForRestrictedStockAwardGrants
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CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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EarningsPerShareDiluted
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CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2022Q1 us-gaap Number Of Reportable Segments
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CY2022Q1 us-gaap Assets
Assets
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CY2021Q4 us-gaap Assets
Assets
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CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
493000000 USD

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