2023 Q2 Form 10-Q Financial Statement

#000082002723000067 Filed on May 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q4
Revenue $4.007B $3.845B $3.673B
YoY Change 14.13% 5.14% -2.37%
Cost Of Revenue $1.867B $1.794B $2.182B
YoY Change 2176.83% 750.24% 18.14%
Gross Profit $2.140B $2.051B $1.491B
YoY Change -37.59% -40.48% -22.14%
Gross Profit Margin 53.41% 53.34% 40.59%
Selling, General & Admin $967.0M $937.0M $957.0M
YoY Change 8.17% -1.06% -0.31%
% of Gross Profit 45.19% 45.69% 64.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $61.00M
YoY Change -36.46%
% of Gross Profit 2.97%
Operating Expenses $1.028B $994.0M $810.0M
YoY Change -1.72% -4.7% -19.56%
Operating Profit $1.112B $1.057B $681.0M
YoY Change -53.34% -56.01% -25.0%
Interest Expense $15.00M -$561.0M -$62.00M
YoY Change -134.09% 1302.5% 47.62%
% of Operating Profit 1.35% -53.07% -9.1%
Other Income/Expense, Net
YoY Change
Pretax Income $1.127B $496.0M $619.0M
YoY Change 18.01% -46.26% -28.52%
Income Tax $237.0M $79.00M $125.0M
% Of Pretax Income 21.03% 15.93% 20.19%
Net Earnings $890.0M $417.0M $494.0M
YoY Change 17.72% -45.2% -29.53%
Net Earnings / Revenue 22.21% 10.85% 13.45%
Basic Earnings Per Share $8.36 $3.86 $5.96
Diluted Earnings Per Share $8.21 $3.79 $4.434M
COMMON SHARES
Basic Shares Outstanding 104.2M shares 105.3M shares 106.4M shares
Diluted Shares Outstanding 108.4M shares 110.0M shares 111.4M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.478B $8.548B $7.097B
YoY Change -1.1% 26.79% -2.08%
Cash & Equivalents $7.343B $8.386B $6.964B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $15.06B $15.38B $15.78B
Other Receivables $27.00M $23.00M $20.00M
Total Short-Term Assets $22.57B $23.95B $22.90B
YoY Change -5.75% 4.32% -2.45%
LONG-TERM ASSETS
Property, Plant & Equipment $630.0M
YoY Change 6.78%
Goodwill $1.389B
YoY Change -4.73%
Intangibles
YoY Change
Long-Term Investments $53.57B $50.90B $46.88B
YoY Change 33.62% 33.19% 23.38%
Other Assets $4.349B $4.738B $5.389B
YoY Change -20.39% -15.33% -3.37%
Total Long-Term Assets $147.2B $142.7B $135.6B
YoY Change 9.41% -1.3% -11.11%
TOTAL ASSETS
Total Short-Term Assets $22.57B $23.95B $22.90B
Total Long-Term Assets $147.2B $142.7B $135.6B
Total Assets $169.8B $166.6B $158.5B
YoY Change 7.12% -0.53% -9.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.195B $2.027B $2.242B
YoY Change -0.5% -1.12% -11.28%
Accrued Expenses $317.0M
YoY Change -7.04%
Deferred Revenue
YoY Change
Short-Term Debt $35.78B $34.15B $30.98B
YoY Change 45.77% 53.47% 51.64%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $37.97B $36.17B $33.22B
YoY Change 41.96% 48.87% 44.72%
LONG-TERM LIABILITIES
Long-Term Debt $5.821B $5.927B $5.184B
YoY Change 18.75% 32.12% 3.76%
Other Long-Term Liabilities $121.9B $120.4B $116.5B
YoY Change -0.52% -9.97% -18.19%
Total Long-Term Liabilities $127.7B $126.3B $121.6B
YoY Change 0.22% -8.6% -17.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $37.97B $36.17B $33.22B
Total Long-Term Liabilities $127.7B $126.3B $121.6B
Total Liabilities $165.7B $162.5B $154.9B
YoY Change 7.46% -0.01% -9.07%
SHAREHOLDERS EQUITY
Retained Earnings $20.94B $20.20B $19.53B
YoY Change 11.58% 11.26% 11.45%
Common Stock $9.673B $9.615B $9.520B
YoY Change 3.09% 2.82% 3.22%
Preferred Stock
YoY Change
Treasury Stock (at cost) $23.68B $23.09B
YoY Change 9.65% 9.6%
Treasury Stock Shares 232.0M shares 230.6M shares
Shareholders Equity $4.080B $4.144B $3.613B
YoY Change
Total Liabilities & Shareholders Equity $169.8B $166.6B $158.5B
YoY Change 7.12% -0.53% -9.95%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income $890.0M $417.0M $494.0M
YoY Change 17.72% -45.2% -29.53%
Depreciation, Depletion And Amortization $61.00M
YoY Change -36.46%
Cash From Operating Activities $561.0M $1.056B $1.217B
YoY Change -60.18% 158.19% -21.53%
INVESTING ACTIVITIES
Capital Expenditures $43.00M $41.00M $56.00M
YoY Change -207.5% -193.18% -264.71%
Acquisitions
YoY Change
Other Investing Activities -$2.831B $5.000M -$4.286B
YoY Change -1.94% -120.83% 44.16%
Cash From Investing Activities -$2.874B -$3.146B -$4.342B
YoY Change -1.81% 88.95% 44.4%
FINANCING ACTIVITIES
Cash Dividend Paid $134.0M
YoY Change 3.88%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.000M
YoY Change -99.6%
Cash From Financing Activities 1.190B $3.162B 2.217B
YoY Change -43.03% 510.42% 51.43%
NET CHANGE
Cash From Operating Activities 561.0M $1.056B 1.217B
Cash From Investing Activities -2.874B -$3.146B -4.342B
Cash From Financing Activities 1.190B $3.162B 2.217B
Net Change In Cash -1.123B $1.083B -908.0M
YoY Change -296.67% -242.88% -11450.0%
FREE CASH FLOW
Cash From Operating Activities $561.0M $1.056B $1.217B
Capital Expenditures $43.00M $41.00M $56.00M
Free Cash Flow $518.0M $1.015B $1.161B
YoY Change -64.25% 124.06% -26.75%

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<div style="margin-bottom:3pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%">Amounts Based on Estimates and Assumptions</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Accounting estimates are an integral part of the Consolidated Financial Statements. In part, they are based upon assumptions concerning future events. Among the more significant are those that relate to investment securities valuation and the recognition of credit losses or impairments, valuation of derivative instruments, litigation reserves, future policy benefits, market risk benefits, and income taxes and the recognition of deferred tax assets and liabilities. These accounting estimates reflect the best judgment of management and actual results could differ.</span></div>
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CY2021Q1 us-gaap Earnings Per Share Diluted
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CY2021 amp Distribution Expenses
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CY2022Q1 amp Net Investment Income And Gain Loss On Investments
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CY2022Q1 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
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CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
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CY2022Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
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CY2023Q1 us-gaap Funds Held Under Reinsurance Agreements Asset
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CY2021Q4 us-gaap Deferred Policy Acquisition Costs
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CY2021Q4 us-gaap Value Of Business Acquired Voba
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CY2021Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
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CY2022 us-gaap Deferred Policy Acquisition Costs Additions
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DeferredPolicyAcquisitionCostAmortizationExpense
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CY2022Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
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ValueOfBusinessAcquiredVOBA
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CY2022Q4 us-gaap Deferred Policy Acquisition Costs And Value Of Business Acquired
DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired
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CY2022Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
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CY2023Q1 us-gaap Deferred Policy Acquisition Costs Additions
DeferredPolicyAcquisitionCostsAdditions
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CY2023Q1 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
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CY2023Q1 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
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CY2023Q1 us-gaap Value Of Business Acquired Voba
ValueOfBusinessAcquiredVOBA
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CY2023Q1 us-gaap Deferred Policy Acquisition Costs And Value Of Business Acquired
DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired
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DeferredSalesInducementsNet
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CY2021 us-gaap Deferred Sales Inducements Additions
DeferredSalesInducementsAdditions
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DeferredSalesInducementsAmortizationExpense
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CY2021Q4 us-gaap Deferred Sales Inducements Net
DeferredSalesInducementsNet
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CY2021Q4 us-gaap Deferred Sales Inducements Net
DeferredSalesInducementsNet
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CY2022 us-gaap Deferred Sales Inducements Additions
DeferredSalesInducementsAdditions
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CY2022 us-gaap Deferred Sales Inducements Amortization Expense
DeferredSalesInducementsAmortizationExpense
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CY2022Q4 us-gaap Deferred Sales Inducements Net
DeferredSalesInducementsNet
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CY2022Q4 us-gaap Deferred Sales Inducements Net
DeferredSalesInducementsNet
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CY2023Q1 us-gaap Deferred Sales Inducements Amortization Expense
DeferredSalesInducementsAmortizationExpense
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CY2023Q1 us-gaap Deferred Sales Inducements Net
DeferredSalesInducementsNet
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PolicyholderFunds
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CY2022Q4 us-gaap Policyholder Funds
PolicyholderFunds
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LiabilityForFuturePolicyBenefitBeforeReinsuranceReserve
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CY2022Q4 amp Liability For Future Policy Benefit Before Reinsurance Reserve
LiabilityForFuturePolicyBenefitBeforeReinsuranceReserve
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CY2023Q1 amp Liability For Future Policy Benefit Before Reinsurance Deferred Profit Liability
LiabilityForFuturePolicyBenefitBeforeReinsuranceDeferredProfitLiability
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CY2022Q4 amp Liability For Future Policy Benefit Before Reinsurance Deferred Profit Liability
LiabilityForFuturePolicyBenefitBeforeReinsuranceDeferredProfitLiability
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CY2023Q1 amp Liability For Future Policy Benefit Before Reinsurance Additional Liabilities For Insurance Guarantees
LiabilityForFuturePolicyBenefitBeforeReinsuranceAdditionalLiabilitiesForInsuranceGuarantees
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CY2022Q4 amp Liability For Future Policy Benefit Before Reinsurance Additional Liabilities For Insurance Guarantees
LiabilityForFuturePolicyBenefitBeforeReinsuranceAdditionalLiabilitiesForInsuranceGuarantees
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LiabilityForFuturePolicyBenefitBeforeReinsuranceOtherInsuranceAndAnnuityLiabilities
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CY2022Q4 amp Liability For Future Policy Benefit Before Reinsurance Other Insurance And Annuity Liabilities
LiabilityForFuturePolicyBenefitBeforeReinsuranceOtherInsuranceAndAnnuityLiabilities
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CY2023Q1 us-gaap Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
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CY2022Q4 us-gaap Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
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CY2023Q1 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
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CY2022Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
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CY2023Q1 amp Policyholder Account Balance Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense
PolicyholderAccountBalanceLiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense
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CY2022Q4 amp Policyholder Account Balance Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense
PolicyholderAccountBalanceLiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense
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CY2022Q4 us-gaap Policyholder Funds
PolicyholderFunds
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CY2023Q1 us-gaap Policyholder Account Balance Issuance
PolicyholderAccountBalanceIssuance
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CY2023Q1 us-gaap Policyholder Account Balance Policy Charge
PolicyholderAccountBalancePolicyCharge
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CY2023Q1 amp Policyholder Account Balance Surrender And Withdrawal Net Of Benefit Payment
PolicyholderAccountBalanceSurrenderAndWithdrawalNetOfBenefitPayment
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CY2023Q1 us-gaap Transfer To From Policyholder Account Balance To From Separate Account
TransferToFromPolicyholderAccountBalanceToFromSeparateAccount
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CY2023Q1 amp Policyholder Account Balance Other Variable Account Adjustments
PolicyholderAccountBalanceOtherVariableAccountAdjustments
333000000 usd
CY2023Q1 amp Policyholder Account Balance Interest Credited
PolicyholderAccountBalanceInterestCredited
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CY2023Q1 us-gaap Policyholder Funds
PolicyholderFunds
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CY2021Q4 us-gaap Policyholder Funds
PolicyholderFunds
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CY2022 us-gaap Policyholder Account Balance Issuance
PolicyholderAccountBalanceIssuance
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CY2022 us-gaap Policyholder Account Balance Policy Charge
PolicyholderAccountBalancePolicyCharge
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CY2022 amp Policyholder Account Balance Surrender And Withdrawal Net Of Benefit Payment
PolicyholderAccountBalanceSurrenderAndWithdrawalNetOfBenefitPayment
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CY2022 us-gaap Transfer To From Policyholder Account Balance To From Separate Account
TransferToFromPolicyholderAccountBalanceToFromSeparateAccount
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CY2022 amp Policyholder Account Balance Other Variable Account Adjustments
PolicyholderAccountBalanceOtherVariableAccountAdjustments
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CY2022 amp Policyholder Account Balance Interest Credited
PolicyholderAccountBalanceInterestCredited
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CY2022Q4 us-gaap Policyholder Funds
PolicyholderFunds
24986000000 usd
CY2023Q1 amp Policyholder Account Balance Percentage Reset In Next12 Months
PolicyholderAccountBalancePercentageResetInNext12Months
0.997
CY2023Q1 amp Policyholder Account Balance Percentage Reset In12 Months To24 Months
PolicyholderAccountBalancePercentageResetIn12MonthsTo24Months
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CY2023Q1 amp Policyholder Account Balance Percentage Reset In Greater Than24 Months
PolicyholderAccountBalancePercentageResetInGreaterThan24Months
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CY2023Q1 amp Policyholder Account Balance Percentage
PolicyholderAccountBalancePercentage
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CY2022Q4 amp Policyholder Account Balance Percentage Reset In Next12 Months
PolicyholderAccountBalancePercentageResetInNext12Months
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CY2022Q4 amp Policyholder Account Balance Percentage Reset In12 Months To24 Months
PolicyholderAccountBalancePercentageResetIn12MonthsTo24Months
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CY2022Q4 amp Policyholder Account Balance Percentage Reset In Greater Than24 Months
PolicyholderAccountBalancePercentageResetInGreaterThan24Months
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CY2022Q4 amp Policyholder Account Balance Percentage
PolicyholderAccountBalancePercentage
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LiabilityForFuturePolicyBenefits
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CY2020Q4 us-gaap Liability For Future Policy Benefit Reinsurance Recoverable After Allowance
LiabilityForFuturePolicyBenefitReinsuranceRecoverableAfterAllowance
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CY2020Q4 us-gaap Liability For Future Policy Benefit After Reinsurance
LiabilityForFuturePolicyBenefitAfterReinsurance
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CY2020Q4 us-gaap Liability For Future Policy Benefit Expected Net Premium Original Discount Rate Before Cash Flow And Reinsurance
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CY2020Q4 us-gaap Liability For Future Policy Benefit Expected Net Premium Original Discount Rate Before Reinsurance After Cash Flow Change
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CY2021 us-gaap Liability For Future Policy Benefit Expected Net Premium Issuance
LiabilityForFuturePolicyBenefitExpectedNetPremiumIssuance
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CY2021 us-gaap Liability For Future Policy Benefit Expected Net Premium Interest Income
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CY2021 us-gaap Liability For Future Policy Benefit Expected Net Premium Net Premium Collected
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CY2021 us-gaap Liability For Future Policy Benefit Expected Net Premium Derecognition
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CY2020Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Before Reinsurance After Discount Rate Change
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CY2020Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Original Discount Rate Before Cash Flow And Reinsurance
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitOriginalDiscountRateBeforeCashFlowAndReinsurance
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CY2020Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Cumulative Increase Decrease From Cash Flow Change
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitCumulativeIncreaseDecreaseFromCashFlowChange
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CY2020Q4 us-gaap Liability For Future Policy Benefit Expected Future Benefit Original Discount Rate Before Reinsurance After Cash Flow Change
LiabilityForFuturePolicyBenefitExpectedFutureBenefitOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange
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CY2021 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Issuance
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CY2021 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Interest Expense
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitInterestExpense
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CY2021 us-gaap Liability For Future Policy Benefits Payment For Benefits
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CY2021 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Derecognition
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CY2021Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Original Discount Rate Before Cash Flow And Reinsurance
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CY2021Q4 us-gaap Aoci Liability For Future Policy Benefit Expected Future Policy Benefit Before Tax
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CY2021Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Before Reinsurance After Discount Rate Change
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeReinsuranceAfterDiscountRateChange
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CY2021Q4 amp Liability For Future Policy Benefit Adjustment Due To Reserve Flooring
LiabilityForFuturePolicyBenefitAdjustmentDueToReserveFlooring
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CY2021Q4 amp Liability For Future Policy Benefit Before Reinsurance Reserve
LiabilityForFuturePolicyBenefitBeforeReinsuranceReserve
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CY2021Q4 us-gaap Liability For Future Policy Benefit Reinsurance Recoverable After Allowance
LiabilityForFuturePolicyBenefitReinsuranceRecoverableAfterAllowance
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CY2021Q4 us-gaap Liability For Future Policy Benefit After Reinsurance
LiabilityForFuturePolicyBenefitAfterReinsurance
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LiabilityForFuturePolicyBenefitExpectedFutureGrossPremiumDiscountedBeforeReinsurance
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LiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeReinsuranceAfterDiscountRateChange
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CY2022 us-gaap Liability For Future Policy Benefit Expected Net Premium Interest Income
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CY2022 us-gaap Liability For Future Policy Benefit Expected Net Premium Derecognition
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CY2021Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Before Reinsurance After Discount Rate Change
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeReinsuranceAfterDiscountRateChange
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CY2021Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Original Discount Rate Before Cash Flow And Reinsurance
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitOriginalDiscountRateBeforeCashFlowAndReinsurance
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CY2021Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Cumulative Increase Decrease From Cash Flow Change
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CY2021Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Cumulative Increase Decrease Of Actual Variance From Expected Experience
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CY2021Q4 us-gaap Liability For Future Policy Benefit Expected Future Benefit Original Discount Rate Before Reinsurance After Cash Flow Change
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CY2022 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Issuance
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitIssuance
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CY2022 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Interest Expense
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitInterestExpense
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CY2022 us-gaap Liability For Future Policy Benefits Payment For Benefits
LiabilityForFuturePolicyBenefitsPaymentForBenefits
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CY2022 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Derecognition
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitDerecognition
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CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Original Discount Rate Before Cash Flow And Reinsurance
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitOriginalDiscountRateBeforeCashFlowAndReinsurance
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CY2022Q4 us-gaap Aoci Liability For Future Policy Benefit Expected Future Policy Benefit Before Tax
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CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Before Reinsurance After Discount Rate Change
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeReinsuranceAfterDiscountRateChange
9519000000 usd
CY2022Q4 amp Liability For Future Policy Benefit Adjustment Due To Reserve Flooring
LiabilityForFuturePolicyBenefitAdjustmentDueToReserveFlooring
3000000 usd
CY2022Q4 amp Liability For Future Policy Benefit Before Reinsurance Reserve
LiabilityForFuturePolicyBenefitBeforeReinsuranceReserve
7495000000 usd
CY2022Q4 us-gaap Liability For Future Policy Benefit Reinsurance Recoverable After Allowance
LiabilityForFuturePolicyBenefitReinsuranceRecoverableAfterAllowance
4060000000 usd
CY2022Q4 us-gaap Liability For Future Policy Benefit After Reinsurance
LiabilityForFuturePolicyBenefitAfterReinsurance
3435000000 usd
CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Future Gross Premium Discounted Before Reinsurance
LiabilityForFuturePolicyBenefitExpectedFutureGrossPremiumDiscountedBeforeReinsurance
4162000000 usd
CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Future Gross Premium Undiscounted Before Reinsurance
LiabilityForFuturePolicyBenefitExpectedFutureGrossPremiumUndiscountedBeforeReinsurance
6422000000 usd
CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Undiscounted Before Reinsurance
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitUndiscountedBeforeReinsurance
16227000000 usd
CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Net Premium Before Reinsurance After Discount Rate Change
LiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeReinsuranceAfterDiscountRateChange
2027000000 usd
CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Net Premium Original Discount Rate Before Cash Flow And Reinsurance
LiabilityForFuturePolicyBenefitExpectedNetPremiumOriginalDiscountRateBeforeCashFlowAndReinsurance
2065000000 usd
CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Net Premium Cumulative Increase Decrease From Cash Flow Change
LiabilityForFuturePolicyBenefitExpectedNetPremiumCumulativeIncreaseDecreaseFromCashFlowChange
0 usd
CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Net Premium Cumulative Increase Decrease Of Actual Variance From Expected Experience
LiabilityForFuturePolicyBenefitExpectedNetPremiumCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience
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CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Net Premium Original Discount Rate Before Reinsurance After Cash Flow Change
LiabilityForFuturePolicyBenefitExpectedNetPremiumOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange
2041000000 usd
CY2023Q1 us-gaap Liability For Future Policy Benefit Expected Net Premium Issuance
LiabilityForFuturePolicyBenefitExpectedNetPremiumIssuance
47000000 usd
CY2023Q1 us-gaap Liability For Future Policy Benefit Expected Net Premium Interest Income
LiabilityForFuturePolicyBenefitExpectedNetPremiumInterestIncome
25000000 usd
CY2023Q1 us-gaap Liability For Future Policy Benefit Expected Net Premium Net Premium Collected
LiabilityForFuturePolicyBenefitExpectedNetPremiumNetPremiumCollected
91000000 usd
CY2023Q1 us-gaap Liability For Future Policy Benefit Expected Net Premium Derecognition
LiabilityForFuturePolicyBenefitExpectedNetPremiumDerecognition
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CY2023Q1 us-gaap Liability For Future Policy Benefit Expected Net Premium Original Discount Rate Before Cash Flow And Reinsurance
LiabilityForFuturePolicyBenefitExpectedNetPremiumOriginalDiscountRateBeforeCashFlowAndReinsurance
2022000000 usd
CY2023Q1 us-gaap Aoci Liability For Future Policy Benefit Expected Net Premium Before Tax
AociLiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeTax
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CY2023Q1 us-gaap Liability For Future Policy Benefit Expected Net Premium Before Reinsurance After Discount Rate Change
LiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeReinsuranceAfterDiscountRateChange
2023000000 usd
CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Before Reinsurance After Discount Rate Change
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeReinsuranceAfterDiscountRateChange
9519000000 usd
CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Original Discount Rate Before Cash Flow And Reinsurance
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitOriginalDiscountRateBeforeCashFlowAndReinsurance
9706000000 usd
CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Cumulative Increase Decrease From Cash Flow Change
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitCumulativeIncreaseDecreaseFromCashFlowChange
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CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Cumulative Increase Decrease Of Actual Variance From Expected Experience
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience
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CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Future Benefit Original Discount Rate Before Reinsurance After Cash Flow Change
LiabilityForFuturePolicyBenefitExpectedFutureBenefitOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange
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CY2023Q1 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Issuance
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitIssuance
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CY2023Q1 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Interest Expense
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitInterestExpense
122000000 usd
CY2023Q1 us-gaap Liability For Future Policy Benefits Payment For Benefits
LiabilityForFuturePolicyBenefitsPaymentForBenefits
184000000 usd
CY2023Q1 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Derecognition
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitDerecognition
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CY2023Q1 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Original Discount Rate Before Cash Flow And Reinsurance
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitOriginalDiscountRateBeforeCashFlowAndReinsurance
9661000000 usd
CY2023Q1 us-gaap Aoci Liability For Future Policy Benefit Expected Future Policy Benefit Before Tax
AociLiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeTax
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CY2023Q1 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Before Reinsurance After Discount Rate Change
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeReinsuranceAfterDiscountRateChange
9705000000 usd
CY2023Q1 amp Liability For Future Policy Benefit Adjustment Due To Reserve Flooring
LiabilityForFuturePolicyBenefitAdjustmentDueToReserveFlooring
5000000 usd
CY2023Q1 amp Liability For Future Policy Benefit Before Reinsurance Reserve
LiabilityForFuturePolicyBenefitBeforeReinsuranceReserve
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CY2023Q1 us-gaap Liability For Future Policy Benefit Reinsurance Recoverable After Allowance
LiabilityForFuturePolicyBenefitReinsuranceRecoverableAfterAllowance
4135000000 usd
CY2023Q1 us-gaap Liability For Future Policy Benefit After Reinsurance
LiabilityForFuturePolicyBenefitAfterReinsurance
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CY2023Q1 us-gaap Liability For Future Policy Benefit Expected Future Gross Premium Discounted Before Reinsurance
LiabilityForFuturePolicyBenefitExpectedFutureGrossPremiumDiscountedBeforeReinsurance
4189000000 usd
CY2023Q1 us-gaap Liability For Future Policy Benefit Expected Future Gross Premium Undiscounted Before Reinsurance
LiabilityForFuturePolicyBenefitExpectedFutureGrossPremiumUndiscountedBeforeReinsurance
6336000000 usd
CY2023Q1 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Undiscounted Before Reinsurance
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitUndiscountedBeforeReinsurance
16087000000 usd
CY2022Q3 amp Liability For Future Policy Benefit After Reinsurance Increase Decrease For Assumption Updates
LiabilityForFuturePolicyBenefitAfterReinsuranceIncreaseDecreaseForAssumptionUpdates
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CY2022Q3 amp Liability For Future Policy Benefit Reinsurance Recoverable After Allowance Increase Decrease For Assumption Changes
LiabilityForFuturePolicyBenefitReinsuranceRecoverableAfterAllowanceIncreaseDecreaseForAssumptionChanges
-4000000 usd
CY2023Q1 us-gaap Reinsurance Recoverables
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CY2022 us-gaap Market Risk Benefit Benefit Payment
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CY2021 us-gaap Market Risk Benefit Benefit Payment
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CY2023Q1 us-gaap Market Risk Benefit Benefit Payment
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CY2022Q1 us-gaap Market Risk Benefit Increase Decrease From Future Expected Policyholder Behavior Assumption
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CY2022Q1 us-gaap Market Risk Benefit Increase Decrease From Other Assumption
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CY2022Q1 amp Market Risk Benefit Change In Unrealized Gains Losses
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CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
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CY2023Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
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CY2023Q1 us-gaap Derivative Collateral Right To Reclaim Cash
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CY2023Q1 us-gaap Derivative Collateral Right To Reclaim Securities
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CY2023Q1 us-gaap Securities Loaned Gross
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CY2023Q1 us-gaap Securities Loaned Asset
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CY2023Q1 us-gaap Securities Loaned
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CY2023Q1 us-gaap Securities Loaned Not Offset Policy Election Deduction
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CY2023Q1 us-gaap Securities Loaned Collateral Right To Reclaim Cash
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