Lincoln National (LNC) 10-K/A 30 Mar 23 2022 FY Annual report (amended) Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2022	Feb. 13, 2023	Jun. 30, 2022
Document Type	10-K/A
Document Annual Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	1-6028
Entity Registrant Name	LINCOLN NATIONAL CORPORATION
Entity Incorporation, State or Country Code	IN
Entity Tax Identification Number	35-1140070
Entity Address, Address Line One	150 N. Radnor-Chester Road
Entity Address, Address Line Two	Suite A305
Entity Address, City or Town	Radnor
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19087
City Area Code	484
Local Phone Number	583-1400
Title of 12(b) Security	Common Stock
Trading Symbol	LNC
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 7
Entity Common Stock, Shares Outstanding		169,220,989
Documents Incorporated by Reference [Text Block]	Documents Incorporated by Reference: Selected portions of the Proxy Statement for the Annual Meeting of Shareholders, scheduled for May 25, 2023, have been incorporated by reference into Part III of this Form 10-K.
Amendment Flag	true
Amendment Description	Explanatory NoteLincoln National Corporation (the “Company”) is filing this Amendment No. 1 on Form 10-K/A (the “Amendment” or “Form 10-K/A”) to amend and restate certain items in its Annual Report on Form 10-K for the fiscal year ended December 31, 2022, originally filed with the Securities and Exchange Commission (the “SEC”) on February 16, 2023, (the “Original Form 10-K”). Except as described below, no other information included in the Original Form 10-K is being amended or updated by this Amendment and this Amendment does not purport to reflect any information or events subsequent to the Original Form 10-K. Restatement BackgroundAs previously disclosed, The Lincoln National Life Insurance Company (“LNL”), a wholly owned subsidiary of the Company, entered into a reinsurance agreement with Security Life of Denver Insurance Company (a subsidiary of Resolution Life that we refer to herein as “Resolution Life”) that was effective as of October 1, 2021, to reinsure liabilities under a block of in-force executive benefit and universal life insurance policies. The transaction was structured as coinsurance for the general account reserves and modified coinsurance for the separate account reserves. For the coinsurance portion of the transaction, the Company transferred both the insurance reserves and a portfolio of assets to Resolution Life, which triggered a realized gain on the invested assets for the Company. As a result of the transaction, the Company recorded a deferred gain on the invested assets transferred pursuant to the transaction, recognizable over the projected life of the reinsured policies. The Company has determined that the realized gain should have been recognized at the time of the transfer of the assets and that the correct accounting treatment for the Resolution Life transaction is to reflect a one-time gain related to the transfer of assets rather than a deferred gain. For additional information on the error, see “Part II – Item 8. Financial Statements and Supplementary Data – Note 1 – Restatement of Previously Issued Consolidated Financial Statements” in this Form 10-K/A. As a result, on March 21, 2023, the Board of Directors of the Company, after discussion with the Audit Committee and the Company’s management, determined that the Company’s previously issued audited consolidated financial statements as of and for the annual periods ended December 31, 2021, and December 31, 2022, and for the quarterly periods ended March 31, June 30 and September 30, 2022, should no longer be relied upon solely as a result of the above-described error in the accounting treatment with respect to timing for the recognition of investment gains related to the fourth quarter 2021 reinsurance transaction with Resolution Life. Accordingly, on March 27, 2023, the Company announced that it would restate its audited consolidated financial statements as of and for the years ended December 31, 2022, and December 31, 2021, and its interim financial statements for the quarters of 2022 and the fourth quarter of 2021. Restatement of Previously Issued Consolidated Financial StatementsThis Form 10-K/A includes audited restated consolidated financial statements for the years ended December 31, 2022, and December 31, 2021, as well as unaudited restated interim financial information for the quarterly periods in 2022 and 2021. In addition to correcting the accounting treatment for the reinsurance transaction described above, the restated consolidated financial statements for the years ended December 31, 2022, and December 31, 2021, included herein also correct previously identified errors that the Company determined to be immaterial, both individually and in the aggregate. For additional information on the audited consolidated financial statements for the years ended December 31, 2022, and December 31, 2021, see “Part II – Item 8. Financial Statements and Supplementary Data – Note 1 – Restatement of Previously Issued Consolidated Financial Statements” in this Form 10-K/A. For restated information on the quarterly consolidated financial statements for the years 2022 and 2021, see Note 23 in “Part II – Item 8. Financial Statements and Supplementary Data” in this Form 10-K/A. This Form 10-K/A also amends and restates the following items included in the Original Form 10-K as appropriate to reflect the restatement and revision of the relevant periods: Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations; Item 7A. Quantitative and Qualitative Disclosures About Market Risk; Item 8. Financial Statements and Supplementary Data; Item 9A. Controls and Procedures; and Item 15. Exhibits and Financial Statement Schedules. In accordance with Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the Company is also including with this Form 10-K/A currently dated certifications of the Company’s Chief Executive Officer and Chief Financial Officer (attached as Exhibits 31.1, 31.2, 32.1, and 32.2). Except as discussed above and as further described in Note 1 to the consolidated financial statements, the Company has not modified or updated the disclosures presented in this 10-K/A. Accordingly, this 10-K/A does not reflect events occurring after the Original Form 10-K or modify or update those disclosures affected by subsequent events. Information not affected by the restatement and revision is unchanged and reflects disclosures made at the time of the filing of the Original Form 10-K. Control ConsiderationsIn connection with the restatement, management has assessed the effectiveness of the Company’s internal control over financial reporting. Based on this assessment, the Company identified a material weakness in its internal control over financial reporting for the review of significant reinsurance transactions resulting in the conclusion by the Company’s Chief Executive Officer and Chief Financial Officer that the internal control over financial reporting and disclosure controls and procedures were not effective as of December 31, 2022. Management has taken steps towards remediating the material weakness in the Company’s internal control over financial reporting. For additional information related to the material weakness in internal control over financial reporting and the related remedial measures, see “Part II – Item 9A. Controls and Procedures.”
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Entity Central Index Key	0000059558
Auditor Firm ID	42
Auditor Location	Philadelphia, Pennsylvania
Auditor Name	Ernst & Young LLP
ICFR Auditor Attestation Flag	true
Depositary Shares, each representing a 1/1000th interest in a share of 9.000% Non-Cumulative Preferred Stock, Series D [Member]
Title of 12(b) Security	Depositary Shares, each representing a 1/1000th interest in a share of 9.000% Non-Cumulative Preferred Stock, Series D
Trading Symbol	LNC PRD
Security Exchange Name	NYSE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investments:
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $111,707; 2021 - $105,142; allowance for credit losses: 2022 - $22; 2021 - $19)	$ 99,736	$ 97,572	$ 103,317	$ 110,663	$ 118,711	$ 122,085	$ 122,215	$ 117,313
Trading securities	3,498	3,580	3,803	4,364	4,460	4,170	4,211	4,344
Equity securities	427	427	411	399	375	264	195	144
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $487; 2021 - $739)	18,301	18,066	17,922	17,892	17,991	17,730	17,586	17,255
Policy loans	2,359	2,347	2,368	2,339	2,364	2,379	2,410	2,502
Derivative investments	3,594	3,455	3,167	4,573	5,697	5,075	4,730	3,482
Other investments	3,739	3,813	4,078	4,122	4,288	4,066	3,948	3,547
Total investments	131,654	129,260	135,066	144,352	153,886	155,769	155,295	148,587
Cash and invested cash	3,343	1,472	1,567	1,960	2,612	2,614	2,389	1,350	$ 1,708	$ 2,563
Deferred acquisition costs and value of business acquired	13,588	13,684	11,872	8,811	6,083	5,966	6,261	7,665	5,812
Accrued investment income	1,253	1,283	1,226	1,247	1,189	1,297	1,254	1,301
Reinsurance recoverables, net of allowance for credit losses	19,882	20,045	19,909	20,044	20,295	15,729	15,981	16,289
Goodwill	1,144	1,144	1,778	1,778	1,778	1,778	1,778	1,778
Other assets	20,708	19,991	18,137	18,467	18,519	18,076	18,125	18,264
Separate account assets	143,536	137,295	145,791	168,879	182,583	175,667	178,795	171,339
Total assets	335,108	324,174	335,346	365,538	386,945	376,896	379,878	366,573
Liabilities
Future contract benefits	42,151	41,716	39,309	39,776	41,030	40,641	40,251	39,592
Other contract holder funds	120,800	118,201	115,145	112,913	111,710	109,300	108,778	107,002
Short-term debt	500	500			300	300	300	300
Long-term debt	5,955	5,959	6,498	6,561	6,325	6,323	6,334	6,294
Payables for collateral on investments	6,712	6,865	7,524	8,927	8,946	8,379	8,199	7,597
Other liabilities	10,885	10,970	11,425	13,298	15,297	15,121	15,479	14,862
Separate account liabilities	143,536	137,295	145,791	168,879	182,583	175,667	178,795	171,339
Total liabilities	330,539	321,506	325,692	350,354	366,191	355,731	358,136	346,986
Contingencies and Commitments (See Note 13)
Stockholders' Equity
Preferred stock - 10,000,000 shares authorized
Common stock – 800,000,000 shares authorized; 169,220,511 and 177,193,515 shares issued and outstanding as of December 31, 2022, and December 31, 2021, respectively	4,544	4,534	4,546	4,586	4,735	4,956	5,021	5,057
Retained earnings	6,707	6,762	9,445	9,346	9,578	9,360	9,242	8,769
Accumulated other comprehensive income (loss)	(7,668)	(8,628)	(4,337)	1,252	6,441	6,849	7,479	5,761
Total stockholders' equity	4,569	2,668	9,654	15,184	20,754	21,165	21,742	19,587	$ 22,699
Total liabilities and stockholders' equity	335,108	$ 324,174	$ 335,346	$ 365,538	$ 386,945	$ 376,896	$ 379,878	$ 366,573
Series C Preferred Stock [Member]
Stockholders' Equity
Preferred stock - 10,000,000 shares authorized	493
Series D Preferred Stock [Member]
Stockholders' Equity
Preferred stock - 10,000,000 shares authorized	$ 493

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
Available-for-sale securities, at fair value:
Fixed maturity securities (amortized cost)	$ 111,707	$ 111,058	$ 109,592	$ 107,587	$ 105,142	$ 107,459	$ 106,668	$ 105,866
Fixed maturity, ACL	22	18	12	20	19	17	9	14
Mortgage loans on real estate, fair value	$ 487	$ 495	$ 528	$ 537	$ 739	$ 792	$ 818	$ 874
Stockholders' Equity
Preferred stock - shares authorized (in shares)	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000
Preferred stock - shares issued (in shares)	40,000
Preferred stock - shares outstanding (in shares)	40,000
Common stock - shares authorized (in shares)	800,000,000	800,000,000	800,000,000	800,000,000	800,000,000	800,000,000	800,000,000	800,000,000
Common stock - shares issued (in shares)	169,220,511	169,214,493	170,224,116	171,890,974	177,193,515	186,089,222	189,089,948	191,149,192
Common stock - shares outstanding (in shares)	169,220,511	169,214,493	170,224,116	171,890,974	177,193,515	186,089,222	189,089,948	191,149,192
Series C Preferred Stock [Member]
Stockholders' Equity
Preferred stock - shares authorized (in shares)	20,000
Preferred stock - shares issued (in shares)	20,000
Preferred stock - shares outstanding (in shares)	20,000
Series D Preferred Stock [Member]
Stockholders' Equity
Preferred stock - shares authorized (in shares)	20,000
Preferred stock - shares issued (in shares)	20,000
Preferred stock - shares outstanding (in shares)	20,000

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues
Insurance premiums	$ 1,564	$ 1,548	$ 1,498	$ 1,477	$ 1,419	$ 1,394	$ 1,404	$ 1,400					$ 6,087	$ 5,617	$ 5,372
Fee income	1,453	1,527	1,506	1,568	1,635	2,000	1,673	1,597					6,054	6,905	6,371
Net investment income	1,411	1,295	1,398	1,411	1,444	1,575	1,583	1,509					5,515	6,111	5,510
Realized gain (loss)	(407)	212	515	25	514	79	1	(180)	$ 540	$ (179)	$ 752	$ (100)	345	414	(513)
Amortization of deferred gain on business sold through reinsurance	10	10	11	11	11	9	9	9	22	17	31	27	42	38	41
Other revenues	191	189	160	182	206	181	192	198					723	777	658
Total revenues	4,222	4,781	5,088	4,674	5,229	5,238	4,862	4,533					18,766	19,862	17,439
Expenses
Interest credited	745	722	706	697	696	748	745	743					2,870	2,933	2,923
Benefits	1,985	5,103	2,890	2,568	2,251	2,121	1,930	2,227					12,546	8,529	8,677
Commissions and other expenses	1,382	1,355	1,123	1,235	1,330	1,908	1,325	1,231					5,096	5,794	5,064
Interest and debt expense	78	71	68	66	67	73	65	65					283	270	284
Spark program expense	48	44	44	31	31	22	21	13					167	87	68
Impairment of intangibles		634									634		634
Total expenses	4,238	7,929	4,831	4,597	4,375	4,872	4,086	4,279					21,596	17,613	17,016
Income (loss) before taxes	(16)	(3,148)	257	77	854	366	776	254					(2,830)	2,249	423
Federal income tax expense (benefit)	(37)	(565)	29	(15)	146	50	131	35					(589)	362	(76)
Net income (loss)	21	(2,583)	228	92	708	316	645	219	$ 319	$ 864	$ (2,264)	$ 1,180	(2,241)	1,887	499
Unrealized investment gains (losses)													(14,030)	(2,535)	3,192
Foreign currency translation adjustment													(20)	(2)	5
Funded status of employee benefit plans													(59)	47	61
Total other comprehensive income (loss), net of tax	960	(4,291)	(5,589)	(5,189)	(408)	(630)	1,718	(3,170)					(14,109)	(2,490)	3,258
Comprehensive income (loss)	$ 981	$ (6,874)	$ (5,361)	$ (5,097)	$ 300	$ (314)	$ 2,363	$ (2,951)					$ (16,350)	$ (603)	$ 3,757
Net Income (Loss) Per Common Share
Basic (in dollars per share)	$ 0.12	$ (15.22)	$ 1.34	$ 0.53	$ 3.92	$ 1.69	$ 3.40	$ 1.14					$ (13.11)	$ 10.07	$ 2.58
Diluted (in dollars per share)	0.09	(15.23)	1.28	0.52	3.86	1.67	3.36	1.13					(13.19)	9.98	2.56
Cash Dividends Declared Per Common Share	$ 0.45	$ 0.45	$ 0.45	$ 0.45	$ 0.45	$ 0.42	$ 0.42	$ 0.42					$ 1.80	$ 1.71	$ 1.62

Consolidated Statements Of Stoc

Consolidated Statements Of Stockholders' Equity - USD ($) $ in Millions	Cumulative Effect, Period of Adoption, Adjustment [Member] Retained Earnings [Member]	Preferred Stock [Member] Series C Preferred Stock [Member]	Preferred Stock [Member] Series D Preferred Stock [Member]	Preferred Stock [Member]	Common Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at Dec. 31, 2019	$ (203)				$ 5,162	$ 8,854	$ 5,673
Stock compensation/issued for benefit plans					48
Net income (loss)						499		$ 499
Retirement of common stock/cancellation of shares					(128)	(147)
Common stock dividends declared						(317)
Total other comprehensive income (loss), net of tax							3,258	3,258
Balance at Dec. 31, 2020					5,082	8,686	8,931	22,699
Stock compensation/issued for benefit plans					25
Net income (loss)						219		219
Retirement of common stock/cancellation of shares					(50)	(55)
Common stock dividends declared						(81)
Total other comprehensive income (loss), net of tax							(3,170)	(3,170)
Balance at Mar. 31, 2021					5,057	8,769	5,761	19,587
Balance at Dec. 31, 2020					5,082	8,686	8,931	22,699
Net income (loss)								864
Balance at Jun. 30, 2021					5,021	9,242	7,479	21,742
Balance at Dec. 31, 2020					5,082	8,686	8,931	22,699
Net income (loss)								1,180
Balance at Sep. 30, 2021					4,956	9,360	6,849	21,165
Balance at Dec. 31, 2020					5,082	8,686	8,931	22,699
Stock compensation/issued for benefit plans					85
Net income (loss)						1,887		1,887
Retirement of common stock/cancellation of shares					(432)	(673)
Common stock dividends declared						(322)
Total other comprehensive income (loss), net of tax							(2,490)	(2,490)
Balance at Dec. 31, 2021					4,735	9,578	6,441	20,754
Balance at Mar. 31, 2021					5,057	8,769	5,761	19,587
Stock compensation/issued for benefit plans					23
Net income (loss)						645		645
Retirement of common stock/cancellation of shares					(59)	(91)
Common stock dividends declared						(81)
Total other comprehensive income (loss), net of tax							1,718	1,718
Balance at Jun. 30, 2021					5,021	9,242	7,479	21,742
Stock compensation/issued for benefit plans					16
Net income (loss)						316		316
Retirement of common stock/cancellation of shares					(81)	(119)
Common stock dividends declared						(79)
Total other comprehensive income (loss), net of tax							(630)	(630)
Balance at Sep. 30, 2021					4,956	9,360	6,849	21,165
Net income (loss)								708
Total other comprehensive income (loss), net of tax								(408)
Balance at Dec. 31, 2021					4,735	9,578	6,441	20,754
Stock compensation/issued for benefit plans					6
Net income (loss)						92		92
Retirement of common stock/cancellation of shares					(155)	(245)
Common stock dividends declared						(79)
Total other comprehensive income (loss), net of tax							(5,189)	(5,189)
Balance at Mar. 31, 2022					4,586	9,346	1,252	15,184
Balance at Dec. 31, 2021					4,735	9,578	6,441	20,754
Net income (loss)								319
Balance at Jun. 30, 2022					4,546	9,445	(4,337)	9,654
Balance at Dec. 31, 2021					4,735	9,578	6,441	20,754
Net income (loss)								(2,264)
Balance at Sep. 30, 2022					4,534	6,762	(8,628)	2,668
Balance at Dec. 31, 2021					4,735	9,578	6,441	20,754
Issuance of preferred stock		$ 493	$ 493
Stock compensation/issued for benefit plans					40
Net income (loss)						(2,241)		(2,241)
Retirement of common stock/cancellation of shares					(231)	(319)
Common stock dividends declared						(311)
Total other comprehensive income (loss), net of tax							(14,109)	(14,109)
Balance at Dec. 31, 2022				$ 986	4,544	6,707	(7,668)	4,569
Balance at Mar. 31, 2022					4,586	9,346	1,252	15,184
Stock compensation/issued for benefit plans					9
Net income (loss)						228		228
Retirement of common stock/cancellation of shares					(49)	(51)
Common stock dividends declared						(78)
Total other comprehensive income (loss), net of tax							(5,589)	(5,589)
Balance at Jun. 30, 2022					4,546	9,445	(4,337)	9,654
Stock compensation/issued for benefit plans					15
Net income (loss)						(2,583)		(2,583)
Retirement of common stock/cancellation of shares					(27)	(23)
Common stock dividends declared						(77)
Total other comprehensive income (loss), net of tax							(4,291)	(4,291)
Balance at Sep. 30, 2022					4,534	6,762	(8,628)	2,668
Net income (loss)								21
Total other comprehensive income (loss), net of tax								960
Balance at Dec. 31, 2022				$ 986	$ 4,544	$ 6,707	$ (7,668)	$ 4,569

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Millions	3 Months Ended		6 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash Flows from Operating Activities
Net income (loss)	$ 92	$ 219	$ 319	$ 864	$ (2,264)	$ 1,180	$ (2,241)	$ 1,887	$ 499
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Realized (gain) loss	(25)	180	(540)	179	(752)	100	(345)	(414)	513
Sales and maturities (purchases) of trading securities, net	(187)	118	117	230	163	239	300	(87)	266
Amortization of deferred gain on business sold through reinsurance	(11)	(9)	(22)	(17)	(31)	(27)	(42)	(38)	(41)
Impairment of intangibles					634		634
Change in:
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization	31	54		112	74	346	118	312	48
Premiums and fees receivable	(91)	(161)	(76)	(97)	(3)	(98)	(54)	(93)	(21)
Accrued investment income	(35)	(41)	(40)	(10)	(80)	(34)	(67)	16	(84)
Insurance liabilities and reinsurance-related balances	1,275	(762)	3,116	(1,431)	6,166	(1,779)	5,958	(1,955)	(699)
Accrued expenses	(262)	(40)	(371)	42	(402)	246	(89)	392	(18)
Federal income tax accruals	39	35	69	166	(498)	215	(535)	361	(98)
Other	(74)	(216)	135	(251)	383	(263)	399	(213)	169
Net cash provided by (used in) operating activities	752	(623)	2,707	(213)	3,390	125	4,036	168	534
Cash Flows from Investing Activities
Purchases of available-for-sale securities and equity securities	(3,934)	(3,854)	(8,204)	(8,324)	(12,008)	(11,917)	(14,813)	(16,915)	(16,761)
Sales of available-for-sale securities and equity securities	105	571	308	1,269	1,196	1,452	2,297	2,268	1,426
Maturities of available-for-sale securities	1,604	1,913	3,231	4,700	4,333	7,055	5,453	9,621	5,354
Purchases of alternative investments	(161)	(163)	(329)	(361)	(484)	(506)	(664)	(757)	(396)
Sales and repayments of alternative investments	131	54	183	128	383	258	446	377	171
Issuance of mortgage loans on real estate	(539)	(887)	(1,366)	(1,632)	(1,924)	(2,210)	(2,507)	(3,079)	(1,800)
Repayment and maturities of mortgage loans on real estate	717	403	1,428	851	1,872	1,274	2,255	1,881	1,154
Repayment (issuance) of policy loans, net	25	(76)	(5)	16	17	48	5	62	50
Net change in collateral on investments, derivatives and related settlements	16	1,341	(1,893)	1,888	(3,155)	2,312	(4,070)	3,261	1,474
Other	(104)	(33)	(101)	(71)	(93)	(219)	(48)	(303)	(153)
Net cash provided by (used in) investing activities	(2,140)	(731)	(6,748)	(1,536)	(9,863)	(2,453)	(11,646)	(3,584)	(9,481)
Cash Flows from Financing Activities
Payment of long-term debt, including current maturities	(300)		(300)		(300)		(300)		(1,096)
Issuance of long-term debt, net of issuance costs	297		297		296		296		1,289
Payment related to modification or early extinguishment of debt						(8)		(8)	(13)
Payment related to sale-leaseback transactions	(4)		(47)		(52)		(70)	(59)	(47)
Proceeds from certain financing arrangements			53	50	53	50	186	159	109
Deposits of fixed account values, including the fixed portion of variable	3,046	3,140	6,900	6,378	11,062	9,152	15,229	12,643	14,034
Withdrawals of fixed account values, including the fixed portion of variable	(1,884)	(1,773)	(3,352)	(3,276)	(4,997)	(4,961)	(6,913)	(6,554)	(6,113)
Transfers from (to) separate accounts, net	70	(130)	116	(255)	71	(254)	(195)	(397)	528
Common stock issued for benefit plans	(10)	7	(14)	12	(15)	14	(16)	20	(7)
Issuance of preferred stock, net of issuance costs							986
Repurchase of common stock	(400)	(105)	(500)	(255)	(550)	(455)	(550)	(1,105)	(275)
Dividends paid to common stockholders	(79)	(80)	(157)	(161)	(234)	(241)	(310)	(319)	(311)
Other		(63)		(63)	(1)	(63)	(2)	(60)	(6)
Net cash provided by (used in) financing activities	736	996	2,996	2,430	5,333	3,234	8,341	4,320	8,092
Net increase (decrease) in cash, invested cash and restricted cash	(652)	(358)	(1,045)	681	(1,140)	906	731	904	(855)
Cash, invested cash and restricted cash as of beginning-of-year	2,612	1,708	2,612	1,708	2,612	1,708	2,612	1,708	2,563
Cash, invested cash and restricted cash as of end-of-period	$ 1,960	$ 1,350	$ 1,567	$ 2,389	$ 1,472	$ 2,614	$ 3,343	$ 2,612	$ 1,708

Nature of Operations, Basis of

Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies [Abstract]
Nature of Operations and Basis of Presentation	1. N ature of Operations, Basis of Presentation and Summary of Significant Accounting Policies Nature of Operations Lincoln National Corporation and its subsidiaries (“LNC” or the “Company,” which also may be referred to as “we,” “our” or “us”) operate multiple insurance businesses through four business segments. See Note 21 for additional details. The collective group of businesses uses “Lincoln Financial Group” as its marketing identity. Through our business segments, we sell a wide range of wealth protection, accumulation, group protection and retirement income products and solutions. These products primarily include universal life insurance (“UL”), variable universal life insurance (“VUL”), linked-benefit UL and VUL, indexed universal life insurance (“IUL”), term life insurance, fixed and indexed annuities, variable annuities, group life, disability and dental and employer-sponsored retirement plans and services. Basis of Presentation The accompanying consolidated financial statements are prepared in accordance with United States of America generally accepted accounting principles (“GAAP”). Certain GAAP policies, which significantly affect the determination of financial condition, results of operations and cash flows, are summarized below. Restatement of Previously Issued Consolidated Financial Statements We have restated herein our audited consolidated financial statements for the years ended December 31, 2022, and December 31, 2021. We have also restated interim financial statement periods for the quarters of 2022 and 2021 and restated impacted amounts within the accompanying notes to the consolidated financial statements. Restatement Background Previously, we had entered into a block reinsurance agreement with Resolution Life to reinsure approximately $ 9.4 billion of in-force executive benefit and universal life reserves. A portion of the transaction was structured as coinsurance, and we paid as consideration investments with a book value of approximately $ 4.6 billion and a fair value of approximately $ 5.2 billion as of October 1, 2021, triggering a realized gain of $ 635 million. This contributed to a total deferred gain of $ 797 million. At the time of the transaction, we concluded that the $ 635 million realized gain would be deferred and amortized into income over the benefit period of the reinsurance treaty. The Company’s management has concluded that a gain or loss amount pertaining to the transfer of investments to the assuming company in a coinsurance transaction should be recorded as a realized gain or loss at the time of the transfer. As a result, it was determined that the $ 635 million deferred gain pertaining to the sale of investments should have been recognized immediately in the fourth quarter of 2021 when the investments were transferred to Resolution Life. This misstatement is described in more detail in “Description of Misstatements – Misstatement Associated with the Coinsurance Reinsurance Transaction” below. As part of the restatement, we also recorded adjustments to correct for previously identified other immaterial misstatements in the impacted periods that are described in more detail in “Description of Misstatements – Other Immaterial Misstatements” below. Accordingly, we have restated herein the consolidated financial statements for the years ended December 31, 2022 and December 31, 2021, in accordance with Accounting Standards Codification (“ASC”) Topic 250, Accounting Changes and Error Corrections. The unaudited restated interim financial information for the quarterly periods in 2022 and 2021 is included in Note 23. The categories of misstatements and their impact on the previously issued consolidated financial statements are described in more detail below. Description of Misstatements Misstatement Associated with the Coinsurance Reinsurance Transaction We recorded adjustments to recognize the realized gain related to the transaction through net income in 2021 instead of deferring and amortizing this gain into net income. These adjustments, which are discussed below, are reflected in the restatement tables below and in Note 23. For the year ended December 31, 2021, the correction of the misstatement resulted in a $ 635 million increase to realized gain (loss), an $ 8 million decrease to amortization of deferred gain on business sold through reinsurance, a $ 4 million increase to commissions and other expenses related to state income taxes associated with the realized gain and a $ 131 million increase to federal income tax expense on our Consolidated Statements of Comprehensive Income (Loss). Additionally, the correction of the misstatement resulted in a $ 492 million decrease to other liabilities and a $ 492 million increase to retained earnings on our Consolidated Balance Sheets as of December 31, 2021. For the year ended December 31, 2022, the correction of the misstatement resulted in a $ 32 million decrease to amortization of deferred gain on business sold through reinsurance on our Consolidated Statements of Comprehensive Income (Loss). Additionally, the correction of the misstatement resulted in a $ 467 million increase to retained earnings on our Consolidated Balance Sheets as of December 31, 2022. Other Immaterial Misstatements As part of the restatement, we made corrections to previously identified errors that the Company determined to be immaterial, both individually and in the aggregate (the “Other Adjustments”) for the years ended December 31, 2022, and December 31, 2021. The Other Adjustments resulted in an increase of $ 12 million to income (loss) before taxes and a decrease of $ 12 million to income (loss) before taxes for the years ended December 31, 2022, and December 31, 2021, respectively. The Other Adjustments included adjustments and reclassifications on our Consolidated Balance Sheets as of December 31, 2022, and December 31, 2021, that had no impact on stockholders’ equity. We reclassified derivative investments that resulted in a decrease to derivative investments of $ 142 million, a decrease to other assets of $ 70 million and a decrease to other liabilities of $ 212 million as of December 31, 2022. We reclassified derivative investments that resulted in a decrease to other assets of $ 760 million, an increase to derivative investments of $ 260 million and a decrease to other liabilities of $ 500 million as of December 31, 2021. The combined impacts of the correction of the misstatement associated with the coinsurance reinsurance transaction and the Other Adjustments are reflected in the “restatement impacts” column of the restatement tables below and in Note 23. Description of Restatement Tables The following tables present the amounts previously reported and a reconciliation to the restated amounts reported on the restated Consolidated Balance Sheets as of December 31, 2022, and December 31, 2021, and the restated Consolidated Statements of Comprehensive Income (Loss), the restated Consolidated Statements of Stockholders’ Equity and the restated Consolidated Statements of Cash Flows for the years ended December 31, 2022, and December 31, 2021. The amounts as previously reported for the years ended December 31, 2022, and December 31, 2021, were derived from our Annual Report on Form 10-K for the year ended December 31, 2022, originally filed on February 16, 2023. LINCOLN NATIONAL CORPORATION CONSOLIDATED BALANCE SHEETS (in millions, except share data) As of December 31, 2021 As Previously Restatement As Reported Impacts Restated ASSETS Investments: Fixed maturity available-for-sale securities, at fair value (amortized cost: 2021 - $ 105,142 ; allowance for credit losses: 2021 - $ 19 ) $ 118,746 $ ( 35 ) $ 118,711 Trading securities 4,482 ( 22 ) 4,460 Equity securities 318 57 375 Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2021 - $ 739 ) 17,991 - 17,991 Policy loans 2,364 - 2,364 Derivative investments 5,437 260 5,697 Other investments 4,292 ( 4 ) 4,288 Total investments 153,630 256 153,886 Cash and invested cash 2,612 - 2,612 Deferred acquisition costs and value of business acquired 6,081 2 6,083 Accrued investment income 1,189 - 1,189 Reinsurance recoverables, net of allowance for credit losses 20,295 - 20,295 Goodwill 1,778 - 1,778 Other assets 19,133 ( 614 ) 18,519 Separate account assets 182,583 - 182,583 Total assets $ 387,301 $ ( 356 ) $ 386,945 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Future contract benefits $ 41,030 $ - $ 41,030 Other contract holder funds 111,702 8 111,710 Short-term debt 300 - 300 Long-term debt 6,325 - 6,325 Payables for collateral on investments 8,946 - 8,946 Other liabilities 16,143 ( 846 ) 15,297 Separate account liabilities 182,583 - 182,583 Total liabilities 367,029 ( 838 ) 366,191 Contingencies and Commitments (See Note 13) Stockholders’ Equity Preferred stock – 10,000,000 shares authorized - - - Common stock – 800,000,000 shares authorized; 177,193,515 shares issued and outstanding as of December 31, 2021 4,735 - 4,735 Retained earnings 9,096 482 9,578 Accumulated other comprehensive income (loss) 6,441 - 6,441 Total stockholders’ equity 20,272 482 20,754 Total liabilities and stockholders’ equity $ 387,301 $ ( 356 ) $ 386,945 LINCOLN NATIONAL CORPORATION CONSOLIDATED BALANCE SHEETS (in millions, except share data) As of December 31, 2022 As Previously Restatement As Reported Impacts Restated ASSETS Investments: Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $ 111,707 ; allowance for credit losses: 2022 - $ 22 ) $ 99,736 $ - $ 99,736 Trading securities 3,498 - 3,498 Equity securities 427 - 427 Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $ 487 ) 18,301 - 18,301 Policy loans 2,359 - 2,359 Derivative investments 3,736 ( 142 ) 3,594 Other investments 3,739 - 3,739 Total investments 131,796 ( 142 ) 131,654 Cash and invested cash 3,343 - 3,343 Deferred acquisition costs and value of business acquired 13,588 - 13,588 Accrued investment income 1,253 - 1,253 Reinsurance recoverables, net of allowance for credit losses 19,882 - 19,882 Goodwill 1,144 - 1,144 Other assets 20,895 ( 187 ) 20,708 Separate account assets 143,536 - 143,536 Total assets $ 335,437 $ ( 329 ) $ 335,108 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Future contract benefits $ 42,151 $ - $ 42,151 Other contract holder funds 120,800 - 120,800 Short-term debt 500 - 500 Long-term debt 5,955 - 5,955 Payables for collateral on investments 6,712 - 6,712 Other liabilities 11,682 ( 797 ) 10,885 Separate account liabilities 143,536 - 143,536 Total liabilities 331,336 ( 797 ) 330,539 Contingencies and Commitments (See Note 13) Stockholders’ Equity Preferred stock – 10,000,000 shares authorized: Series C preferred stock – 20,000 shares authorized, issued and outstanding as of December 31, 2022 493 - 493 Series D preferred stock – 20,000 shares authorized, issued and outstanding as of December 31, 2022 493 - 493 Common stock – 800,000,000 shares authorized; 169,220,511 shares issued and outstanding as of December 31, 2022 4,544 - 4,544 Retained earnings 6,239 468 6,707 Accumulated other comprehensive income (loss) ( 7,668 ) - ( 7,668 ) Total stockholders’ equity 4,101 468 4,569 Total liabilities and stockholders’ equity $ 335,437 $ ( 329 ) $ 335,108 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (in millions, except per share data) For the Year Ended December 31, 2021 As Previously Restatement As Reported Impacts Restated Revenues Insurance premiums $ 5,617 $ - $ 5,617 Fee income 6,887 18 6,905 Net investment income 6,115 ( 4 ) 6,111 Realized gain (loss) ( 212 ) 626 414 Amortization of deferred gain on business sold through reinsurance 46 ( 8 ) 38 Other revenues 777 - 777 Total revenues 19,230 632 19,862 Expenses Interest credited 2,915 18 2,933 Benefits 8,529 - 8,529 Commissions and other expenses 5,791 3 5,794 Interest and debt expense 270 - 270 Spark program expense 87 - 87 Total expenses 17,592 21 17,613 Income (loss) before taxes 1,638 611 2,249 Federal income tax expense (benefit) 233 129 362 Net income (loss) 1,405 482 1,887 Other comprehensive income (loss), net of tax: Unrealized investment gains (losses) ( 2,535 ) - ( 2,535 ) Foreign currency translation adjustment ( 2 ) - ( 2 ) Funded status of employee benefit plans 47 - 47 Total other comprehensive income (loss), net of tax ( 2,490 ) - ( 2,490 ) Comprehensive income (loss) $ ( 1,085 ) $ 482 $ ( 603 ) Net Income (Loss) Per Common Share Basic $ 7.50 $ 2.57 $ 10.07 Diluted $ 7.43 $ 2.55 $ 9.98 Cash Dividends Declared Per Common Share $ 1.71 $ - $ 1.71 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (in millions, except per share data) For the Year Ended December 31, 2022 As Previously Restatement As Reported Impacts Restated Revenues Insurance premiums $ 6,087 $ - $ 6,087 Fee income 6,054 - 6,054 Net investment income 5,511 4 5,515 Realized gain (loss) 336 9 345 Amortization of deferred gain on business sold through reinsurance 74 ( 32 ) 42 Other revenues 722 1 723 Total revenues 18,784 ( 18 ) 18,766 Expenses Interest credited 2,870 - 2,870 Benefits 12,546 - 12,546 Commissions and other expenses 5,095 1 5,096 Interest and debt expense 283 - 283 Spark program expense 167 - 167 Impairment of intangibles 634 - 634 Total expenses 21,595 1 21,596 Income (loss) before taxes ( 2,811 ) ( 19 ) ( 2,830 ) Federal income tax expense (benefit) ( 584 ) ( 5 ) ( 589 ) Net income (loss) ( 2,227 ) ( 14 ) ( 2,241 ) Other comprehensive income (loss), net of tax: Unrealized investment gains (losses) ( 14,030 ) - ( 14,030 ) Foreign currency translation adjustment ( 20 ) - ( 20 ) Funded status of employee benefit plans ( 59 ) - ( 59 ) Total other comprehensive income (loss), net of tax ( 14,109 ) - ( 14,109 ) Comprehensive income (loss) $ ( 16,336 ) $ ( 14 ) $ ( 16,350 ) Net Income (Loss) Per Common Share Basic $ ( 13.02 ) $ ( 0.09 ) $ ( 13.11 ) Diluted $ ( 13.10 ) $ ( 0.09 ) $ ( 13.19 ) Cash Dividends Declared Per Common Share $ 1.80 $ - $ 1.80 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (in millions) For the Year Ended December 31, 2021 As Previously Restatement As Reported Impacts Restated Common Stock Balance as of beginning-of-year $ 5,082 $ - $ 5,082 Stock compensation/issued for benefit plans 85 - 85 Retirement of common stock/cancellation of shares ( 432 ) - ( 432 ) Balance as of end-of-year 4,735 - 4,735 Retained Earnings Balance as of beginning-of-year 8,686 - 8,686 Net income (loss) 1,405 482 1,887 Retirement of common stock ( 673 ) - ( 673 ) Common stock dividends declared ( 322 ) - ( 322 ) Balance as of end-of-year 9,096 482 9,578 Accumulated Other Comprehensive Income (Loss) Balance as of beginning-of-year 8,931 - 8,931 Other comprehensive income (loss), net of tax ( 2,490 ) - ( 2,490 ) Balance as of end-of-year 6,441 - 6,441 Total stockholders’ equity as of end-of-year $ 20,272 $ 482 $ 20,754 For the Year Ended December 31, 2022 As Previously Restatement As Reported Impacts Restated Preferred Stock Balance as of beginning-of-year $ - $ - $ - Issuance of Series C preferred stock 493 - 493 Issuance of Series D preferred stock 493 - 493 Balance as of end-of-year 986 - 986 Common Stock Balance as of beginning-of-year 4,735 - 4,735 Stock compensation/issued for benefit plans 40 - 40 Retirement of common stock/cancellation of shares ( 231 ) - ( 231 ) Balance as of end-of-year 4,544 - 4,544 Retained Earnings Balance as of beginning-of-year 9,096 482 9,578 Net income (loss) ( 2,227 ) ( 14 ) ( 2,241 ) Retirement of common stock ( 319 ) - ( 319 ) Common stock dividends declared ( 311 ) - ( 311 ) Balance as of end-of-year 6,239 468 6,707 Accumulated Other Comprehensive Income (Loss) Balance as of beginning-of-year 6,441 - 6,441 Other comprehensive income (loss), net of tax ( 14,109 ) - ( 14,109 ) Balance as of end-of-year ( 7,668 ) - ( 7,668 ) Total stockholders’ equity as of end-of-year $ 4,101 $ 468 $ 4,569 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) For the Year Ended December 31, 2021 As Previously Restatement As Reported Impacts Restated Cash Flows from Operating Activities Net income (loss) $ 1,405 $ 482 $ 1,887 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Realized (gain) loss 212 ( 626 ) ( 414 ) Sales and maturities (purchases) of trading securities, net ( 108 ) 21 ( 87 ) Amortization of deferred gain on business sold through reinsurance ( 46 ) 8 ( 38 ) Change in: Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization 315 ( 3 ) 312 Premiums and fees receivable ( 93 ) - ( 93 ) Accrued investment income 16 - 16 Insurance liabilities and reinsurance-related balances ( 1,954 ) ( 1 ) ( 1,955 ) Accrued expenses 389 3 392 Federal income tax accruals 232 129 361 Other ( 217 ) 4 ( 213 ) Net cash provided by (used in) operating activities 151 17 168 Cash Flows from Investing Activities Purchases of available-for-sale securities and equity securities ( 16,893 ) ( 22 ) ( 16,915 ) Sales of available-for-sale securities and equity securities 2,268 - 2,268 Maturities of available-for-sale securities 9,621 - 9,621 Purchases of alternative investments ( 757 ) - ( 757 ) Sales and repayments of alternative investments 377 - 377 Issuance of mortgage loans on real estate ( 3,084 ) 5 ( 3,079 ) Repayment and maturities of mortgage loans on real estate 1,881 - 1,881 Repayment (issuance) of policy loans, net 62 - 62 Net change in collateral on investments, derivatives and related settlements 3,261 - 3,261 Other ( 303 ) - ( 303 ) Net cash provided by (used in) investing activities ( 3,567 ) ( 17 ) ( 3,584 ) Cash Flows from Financing Activities Payment related to modification or early extinguishment of debt ( 8 ) - ( 8 ) Payment related to sale-leaseback transactions ( 59 ) - ( 59 ) Proceeds from certain financing arrangements 159 - 159 Deposits of fixed account values, including the fixed portion of variable 12,639 4 12,643 Withdrawals of fixed account values, including the fixed portion of variable ( 6,607 ) 53 ( 6,554 ) Transfers from (to) separate accounts, net ( 340 ) ( 57 ) ( 397 ) Common stock issued for benefit plans 20 - 20 Repurchase of common stock ( 1,105 ) - ( 1,105 ) Dividends paid to common stockholders ( 319 ) - ( 319 ) Other ( 60 ) - ( 60 ) Net cash provided by (used in) financing activities 4,320 - 4,320 Net increase (decrease) in cash, invested cash and restricted cash 904 - 904 Cash, invested cash and restricted cash as of beginning-of-year 1,708 - 1,708 Cash, invested cash and restricted cash as of end-of-year $ 2,612 $ - $ 2,612 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) For the Year Ended December 31, 2022 As Previously Restatement As Reported Impacts Restated Cash Flows from Operating Activities Net income (loss) $ ( 2,227 ) $ ( 14 ) $ ( 2,241 ) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Realized (gain) loss ( 336 ) ( 9 ) ( 345 ) Sales and maturities (purchases) of trading securities, net 300 - 300 Amortization of deferred gain on business sold through reinsurance ( 74 ) 32 ( 42 ) Impairment of intangibles 634 - 634 Change in: Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization 115 3 118 Premiums and fees receivable ( 54 ) - ( 54 ) Accrued investment income ( 67 ) - ( 67 ) Insurance liabilities and reinsurance-related balances 5,956 2 5,958 Accrued expenses ( 89 ) - ( 89 ) Federal income tax accruals ( 530 ) ( 5 ) ( 535 ) Other 405 ( 6 ) 399 Net cash provided by (used in) operating activities 4,033 3 4,036 Cash Flows from Investing Activities Purchases of available-for-sale securities and equity securities ( 14,813 ) - ( 14,813 ) Sales of available-for-sale securities and equity securities 2,297 - 2,297 Maturities of available-for-sale securities 5,453 - 5,453 Purchases of alternative investments ( 664 ) - ( 664 ) Sales and repayments of alternative investments 446 - 446 Issuance of mortgage loans on real estate ( 2,503 ) ( 4 ) ( 2,507 ) Repayment and maturities of mortgage loans on real estate 2,255 - 2,255 Repayment (issuance) of policy loans, net 5 - 5 Net change in collateral on investments, derivatives and related settlements ( 4,071 ) 1 ( 4,070 ) Other ( 48 ) - ( 48 ) Net cash provided by (used in) investing activities ( 11,643 ) ( 3 ) ( 11,646 ) Cash Flows from Financing Activities Payment of long-term debt, including current maturities ( 300 ) - ( 300 ) Issuance of long-term debt, net of issuance costs 296 - 296 Payment related to sale-leaseback transactions ( 70 ) - ( 70 ) Proceeds from certain financing arrangements 186 - 186 Deposits of fixed account values, including the fixed portion of variable 15,229 - 15,229 Withdrawals of fixed account values, including the fixed portion of variable ( 6,913 ) - ( 6,913 ) Transfers from (to) separate accounts, net ( 195 ) - ( 195 ) Common stock issued for benefit plans ( 16 ) - ( 16 ) Issuance of preferred stock, net of issuance costs 986 - 986 Repurchase of common stock ( 550 ) - ( 550 ) Dividends paid to common stockholders ( 310 ) - ( 310 ) Other ( 2 ) - ( 2 ) Net cash provided by (used in) financing activities 8,341 - 8,341 Net increase (decrease) in cash, invested cash and restricted cash 731 - 731 Cash, invested cash and restricted cash as of beginning-of-year 2,612 - 2,612 Cash, invested cash and restricted cash as of end-of-year $ 3,343 $ - $ 3,343 Summary of Significant Accounting Policies Principles of Consolidation The accompanying consolidated financial statements include the accounts of LNC and all other entities in which we have a controlling financial interest and any variable interest entities (“VIEs”) in which we are the primary beneficiary. We use the equity method of accounting to recognize all of our investments in limited liability partnerships. All material inter-company accounts and transactions have been eliminated in consolidation. Our involvement with VIEs is primarily to invest in assets that allow us to gain exposure to a broadly diversified portfolio of asset classes. A VIE is an entity that does not have sufficient equity to finance its own activities without additional financial support or where investors lack certain characteristics of a controlling financial interest. We assess our contractual, ownership or other interests in a VIE to determine if our interest participates in the variability the VIE was designed to absorb and pass onto variable interest holders. We perform an ongoing qualitative assessment of our variable interests in VIEs to determine whether we have a controlling financial interest and would therefore be considered the primary beneficiary of the VIE. If we determine we are the primary beneficiary of a VIE, we consolidate the assets and liabilities of the VIE in the consolidated financial statements. Accounting Estimates and Assumptions The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions affecting the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses for the reporting period. In applying these estimates and assumptions, management makes subjective and complex judgments that frequently require assumptions about matters that are uncertain and inherently subject to change, including matters related to or impacted by the COVID-19 pandemic. Actual results could differ from these estimates and assumptions. Included among the material (or potentially material) reported amounts and disclosures that require extensive use of estimates are: fair value of certain financial assets, derivatives, allowances for credit losses, deferred acquisition costs (“DAC”) , value of business acquired (“VOBA”) , deferred sales inducements (“DSI”), goodwill and other intangibles, future contract benefits, other contract holder funds including deferred front-end loads (“DFEL”) , pension plans, stock-based incentive compensation, income taxes including the recoverability of our deferred tax assets, and the potential effects of resolving litigated matters. Business Combinations We use the acquisition method of accounting for all business combination transactions, and accordingly, recognize the fair values of assets acquired, liabilities assumed and any noncontrolling interests in the consolidated financial statements. The allocation of fair values may be subject to adjustment after the initial allocation for up to a one-year period as more information becomes available relative to the fair values as of the acquisition date. The consolidated financial statements include the results of operations of any acquired company since the acquisition date. Fair Value Measurement Our measurement of fair value is based on assumptions used by market participants in pricing the asset or liability, which may include inherent risk, restrictions on the sale or use of an asset or non-performance risk (“NPR”), which would include our own credit risk. Our estimate of an exchange price is the price in an orderly transaction between market participants to sell the asset or transfer the liability (“exit price”) in the principal market, or the most advantageous market in the absence of a principal market, for that asset or liability, as opposed to the price that would be paid to acquire the asset or receive a liability (“entry price”). Pursuant to the Fair Value Measurements and Disclosures Topic of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification TM (“ASC”), we categorize our financial instruments carried at fair value into a three-level fair value hierarchy, based on the priority of inputs to the respective valuation technique. The three-level hierarchy for fair value measurement is defined as follows:  Level 1 – inputs to the valuation methodology are quoted prices available in active markets for identical investments as of the reporting date, except for large holdings subject to “blockage discounts” that are excluded;  Level 2 – inputs to the valuation methodology are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value can be determined through the use of models or other valuation methodologies; and  Level 3 – inputs to the valuation methodology are unobservable inputs in situations where there is little or no market activity for the asset or liability, and we make estimates and assumptions related to the pricing of the asset or liability, including assumptions regarding risk. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the investment. When a determination is made to classify an asset or liability within Level 3 of the fair value hierarchy, the determination is based upon the significance of the unobservable inputs to the overall fair value measurement. Because certain securities trade in less liquid or illiquid markets with limited or no pricing information, the determination of fair value for these securities is inherently more difficult. However, Level 3 fair value investments may include, in addition to the unobservable or Level 3 inputs, observable components, which are components that are actively quoted or can be validated to market-based sources. Fixed Maturity Available-For-Sale Securities – Fair Valuation Methodologies and Associated Inputs Securities classified as available-for-sale (“AFS”) consist of fixed maturity securities and are stated at fair value with unrealized gains and losses included within accumulated other comprehensive income (loss) (“AOCI”), net of associated DAC, VOBA, DSI , future contract benefits, other contract holder funds and deferred income taxes. We measure the fair value of our securities classified as fixed maturity AFS based on assumptions used by market participants in pricing the security. The most appropriate valuation methodology is selected based on the specific characteristics of the fixed maturity security, and we consistently apply the valuation methodology to measure the security’s fair value. Our fair value measurement is based on a market approach that utilizes prices and other relevant information generated by market transactions involving identical or comparable securities. Sources of inputs to the market approach primarily include third-party pricing services, independent broker quotations or pricing matrices. We do not adjust prices received from third parties; however, we do analyze the third-party pricing services’ valuation methodologies and related inputs and perform additional evaluation to determine the appropriate level within the fair value hierarchy. The observable and unobservable inputs to our valuation methodologies are based on a set of standard inputs that we generally use to evaluate all of our fixed maturity AFS securities. Observable inputs include benchmark yields, reported trades, broker-dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data. In addition, market indicators, industry and economic events are monitored, and further market data is acquired if certain triggers are met. For certain security types, additional inputs may be used, or some of the inputs described above may not be applicable. For private placement securities, we use pricing matrices that utilize observable pricing inputs of similar public securities and Treasury yields as inputs to the fair value measurement. Depending on the type of security or the daily market activity, standard inputs may be prioritized differently or may not be available for all fixed maturity AFS securities on any given day. For broker-quoted only securities, non-binding quotes from market makers or broker-dealers are obtained from sources recognized as market participants. For securities trading in less liquid or illiquid markets with limited or no pricing information, we use unobservable inputs to measure fair value. The following summarizes our fair valuation methodologies and associated inputs, which are particular to the specified security type and are in addition to the defined standard inputs to our valuation methodologies for all of our fixed maturity AFS securities discussed above:  Corporate bonds and U.S. government bonds – We also use Trade Reporting and Compliance Engine TM reported tables for our corporate bonds and vendor trading platform data for our U.S. government bonds.  Mortgage- and asset-backed securities (“ABS”) – We also utilize additional inputs, which include new issues data, monthly payment information and monthly collateral performance, including prepayments, severity, delinquencies, step-down features and over collateralization features for each of our mortgage-backed securities (“MBS”), which include collateralized mortgage obligations and mortgage pass through securities backed by residential mortgages (“RMBS”), commercial mortgage-backed securities (“CMBS”) and collateralized loan obligations (“CLOs”).  State and municipal bonds – We also use additional inputs that include information from the Municipal Securities Rule Making Board, as well as material event notices, new issue data, issuer financial statements and Municipal Market Data benchmark yields for our state and municipal bonds.  Hybrid and redeemable preferred securities – We also utilize additional inputs of exchange prices (underlying and common stock of the same issuer) for our hybrid and redeemable preferred securities. In order to validate the pricing information and broker-dealer quotes, we employ, where possible, procedures that include comparisons with similar observable positions, comparisons with subsequent sales and observations of general market movements for those security classes. We have policies and procedures in place to review the process that is utilized by our third-party pricing service and the output that is provided to us by the pricing service. On a periodic basis, we test the pricing for

New Accounting Standards

New Accounting Standards	12 Months Ended
	Dec. 31, 2022
New Accounting Standards [Abstract]
New Accounting Standards	2. New Ac counting Standards The following table provides a description of our adoption of new Accounting Standards Updates (“ASUs”) issued by the FASB and the impact of the adoption on the consolidated financial statements. ASUs not listed below were assessed and determined to be either not applicable or insignificant in presentation or amount. Standard Description Effective Date Effect on Financial Statements or Other Significant Matters ASU 2020-04, Reference Rate Reform (Topic 848) and related amendments The amendments in this update provide optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. The amendments provide optional expedients and exceptions for applying GAAP to contracts, hedging relationships and other transactions impacted by reference rate reform. If certain criteria are met, an entity will not be required to remeasure or reassess contracts impacted by reference rate reform. Additionally, changes to the critical terms of a hedging relationship affected by reference rate reform will not require entities to de-designate the relationship if certain requirements are met. The expedients and exceptions provided by the amendments do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2024, with certain exceptions. The amendments are effective for contract modifications made between March 12, 2020, and December 31, 2024. March 12, 2020 through December 31, 2024 This standard may be elected and applied prospectively as reference rate reform unfolds. We have elected practical expedients to maintain hedge accounting for certain derivatives. We will continue to evaluate our options under this guidance as our reference rate reform adoption process continues. This ASU has not had a material impact to our consolidated financial condition and results of operations, but we will continue to evaluate those impacts as our transition progresses. Standard Description Effective Date Effect on Financial Statements or Other Significant Matters ASU 2018-12, Targeted Improvements to the Accounting for Long-Duration Contracts and related amendments These amendments make changes to the accounting and reporting for long-duration contracts issued by an insurance entity that will significantly change how insurers account for long-duration contracts, including how they measure, recognize and make disclosures about insurance liabilities and DAC. Under this ASU, insurers will be required to review cash flow assumptions at least annually and update them if necessary. They also will have to make quarterly updates to the discount rate assumptions they use to measure the liability for future policyholder benefits. The ASU creates a new category of market risk benefits (i.e., features that protect the contract holder from capital market risk and expose the insurer to that risk) that insurers will have to measure at fair value. The ASU provides various transition methods by topic that entities may elect upon adoption. The ASU is effective January 1, 2023, and early adoption is permitted. January 1, 2023 We will adopt this ASU effective January 1, 2023, with a transition date of January 1, 2021, using a modified retrospective approach, except for market risk benefits in which we will apply a full retrospective transition approach. We currently estimate that, at the transition date of January 1, 2021, the adoption of this standard and related amendments will result in a decrease to previously reported stockholders’ equity in an after-tax range of approximately $ 1.4 billion to $ 1.9 billion, including a decrease to previously reported retained earnings in an after-tax range of approximately $ 6.0 billion to $ 6.5 billion, and an increase to previously reported AOCI in an after-tax range of approximately $ 4.4 billion to $ 4.9 billion. The remeasurement of certain current benefits (e.g., guaranteed death benefits on variable annuities) to fair valued market risk benefits, excluding the portion attributable to NPR, is expected to have the most significant impact to retained earnings. The most significant drivers of the cumulative adjustment to AOCI are expected to be the NPR associated with the fair valued market risk benefits, the elimination of DAC and DAC-like intangible balances recorded in AOCI related to changes in unrealized gains and losses on investments, and the changes in the discount rate assumption since the inception of the contracts to reflect the changes in the upper-medium-grade fixed-income instrument (single-A) interest rate for the liability for future policy benefits associated with certain long-duration contracts. The effect this standard adoption has on stockholders’ equity will be impacted by economic conditions, including fluctuations in both the capital markets and interest rates, as well as certain actuarial assumptions. As such, based on market movements subsequent to January 1, 2021, we expect the impact to stockholders’ equity will be less significant as of December 31, 2022, in comparison to the expected transition impact.

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2022
Variable Interest Entities [Abstract]
Variable Interest Entities	3. Variable I nterest Entities Consolidated VIEs Reinsurance-Related Notes We are the sole equity owner of Lincoln Financial Limited Liability Company I (“LFLLCI”), which we formed in July 2013. The activities of LFLLCI relate solely to our captive reinsurance subsidiary, the Lincoln Reinsurance Company of Vermont V (“LRCVV”), and are primarily to acquire, hold and issue notes with LRCVV as well as pay and collect interest on the notes. LFLLCI holds a surplus note issued by LRCVV that had an outstanding principal balance of $ 568 million as of December 31, 2022. LFLLCI issued a long-term note to LRCVV that has a principal balance that moves concurrently with any variability in the face amount of the surplus note LFLLCI received from LRCVV. We concluded that LFLLCI is a VIE and that LNC is the primary beneficiary as we have the power to direct the most significant activities affecting the performance of LFLLCI. Asset information (dollars in millions) for the consolidated VIEs included on the Consolidated Balance Sheets was as follows: As of December 31, 2022 As of December 31, 2021 Number Number of Notional Carrying of Notional Carrying Instruments Amounts Value Instruments Amounts Value Assets Total return swap 1 $ 568 $ - 1 $ 594 $ - There were no gains or losses for consolidated VIEs recognized on the Consolidated Statements of Comprehensive Income (Loss) for the years ended December 31, 2022 and 2021. Unconsolidated VIEs Reinsurance-Related Notes Effective September 30, 2014, we entered into a transaction with a non-affiliated VIE whose primary activities are to acquire, hold and issue notes and loans, pay and collect interest on the notes and loans, and enter into derivative instruments. We issued a long-term senior note to the non-affiliated VIE in exchange for a corporate bond AFS security of like principal and duration that was assigned to one of our subsidiaries. The outstanding principal balance of this long-term senior note was $ 1.0 billion as of December 31, 2022, and it is variable in nature; moving concurrently with any variability in the face amount of the corporate bond AFS security up to a maximum amount of $ 1.1 billion. We have concluded that we are not the primary beneficiary of the non-affiliated VIE because we do not have power over the activities that most significantly affect its economic performance. In addition, the terms of the senior note provide us with a set-off right with the corporate bond AFS security we purchased from the VIE; therefore, neither appears on the Consolidated Balance Sheets. The VIE has entered into a total return swap with an unaffiliated third party that supports any necessary principal funding of the corporate bond AFS security required by our subsidiaries while the security is outstanding. Effective October 1, 2017, our captive reinsurance subsidiary, the Lincoln Reinsurance Company of Vermont VI, restructured the $ 275 million, long-term surplus note which was originally issued to a non-affiliated VIE in October 2015 in exchange for two corporate bond AFS securities of like principal and duration. The activities of the VIE are primarily to acquire, hold and issue notes and loans and to pay and collect interest on the notes and loans. The outstanding principal balance of the long-term surplus note is variable in nature; moving concurrently with any variability in the face amount of the corporate bond AFS securities. We have concluded that we are not the primary beneficiary of the non-affiliated VIE because we do not have power over the activities that most significantly affect its economic performance. As of December 31, 2022, the principal balance of the long-term surplus note was zero and we do no t currently have any exposure to this VIE. Effective November 1, 2019, we entered into a transaction with a non-affiliated VIE whose primary activities are to acquire, hold and issue notes, as well as pay and collect interest on the notes. We issued a long-term senior note to the non-affiliated VIE in exchange for a corporate bond AFS security of like principal and duration that was assigned to one of our subsidiaries. The outstanding principal balance of this long-term senior note was $ 391 million as of December 31, 2022, and it is variable in nature, moving concurrently with any variability in the face amount of the corporate bond AFS security up to a maximum amount of $ 500 million. We have concluded that we are not the primary beneficiary of the non-affiliated VIE due to our lack of power over the activities that most significantly affect its economic performance as well as the extent of our obligation to absorb its losses. In addition, the terms of the senior note provide us with a set-off right with the corporate bond AFS security we purchased from the VIE; therefore, neither appears on the Consolidated Balance Sheets. Effective September 30, 2021, we entered into a transaction with a non-affiliated VIE whose primary activities are to acquire, hold and issue notes, as well as pay and collect interest on the notes. We issued a long-term senior note to the non-affiliated VIE in exchange for a corporate bond AFS security of like principal and duration that was assigned to one of our subsidiaries. The outstanding principal balance of this long-term senior note was $ 400 million as of December 31, 2022, and it is variable in nature, moving concurrently with any variability in the face amount of the corporate bond AFS security up to a maximum amount of $ 400 million. We have concluded that we are not the primary beneficiary of the non-affiliated VIE due to our lack of power over the activities that most significantly affect its economic performance as well as the extent of our obligation to absorb its losses. In addition, the terms of the senior note provide us with a set-off right with the corporate bond AFS security we purchased from the VIE; therefore, neither appears on the Consolidated Balance Sheets. Effective December 31, 2022, we entered into a transaction with a non-affiliated VIE whose primary activities are to acquire, hold and issue notes, as well as pay and collect interest on the notes. We issued a long-term note to the non-affiliated VIE in exchange for a corporate bond AFS security of like principal and duration that was assigned to one of our subsidiaries. The outstanding principal balance of this long-term note was $ 500 million as of December 31, 2022, and it is variable in nature, moving concurrently with any variability in the face amount of the corporate bond AFS security up to a maximum amount of $ 500 million. We have concluded that we are not the primary beneficiary of the non-affiliated VIE due to our lack of power over the activities that most significantly affect its economic performance as well as the extent of our obligation to absorb its losses. In addition, the terms of the note provide us with a set-off right with the corporate bond AFS security we received from the VIE; therefore, neither appears on the Consolidated Balance Sheets. Structured Securities Through our investment activities, we make passive investments in structured securities issued by VIEs for which we are not the manager. These structured securities include our ABS, RMBS and CMBS. We have not provided financial or other support with respect to these VIEs other than our original investment. We have determined that we are not the primary beneficiary of these VIEs due to the relative size of our investment in comparison to the principal amount of the structured securities issued by the VIEs and the level of credit subordination that reduces our obligation to absorb losses or right to receive benefits. Our maximum exposure to loss on these structured securities is limited to the amortized cost for these investments. We recognize our variable interest in these VIEs at fair value on the Consolidated Balance Sheets. For information about these structured securities, see Note 4. Limited Partnerships and Limited Liability Companies We invest in certain LPs and limited liability companies (“LLCs”) that we have concluded are VIEs. Our exposure to loss is limited to the capital we invest in the LPs and LLCs. We do not hold any substantive kick-out or participation rights in the LPs and LLCs, and we do not receive any performance fees or decision maker fees from the LPs and LLCs. Based on our analysis of the LPs and LLCs, we are not the primary beneficiary of the VIEs as we do not have the power to direct the most significant activities of the LPs and LLCs. The carrying amounts of our investments in the LPs and LLCs are recognized in other investments on the Consolidated Balance Sheets and were $ 3.1 billion and $ 2.9 billion as of December 31, 2022 and 2021, respectively.

Investments

Investments	12 Months Ended
	Dec. 31, 2022
Investments [Abstract]
Investments	4. Invest ments Fixed Maturity AFS Securities The amortized cost, gross unrealized gains and losses, allowance for credit losses and fair value of fixed maturity AFS securities (in millions) were as follows: As of December 31, 2022 Allowance Amortized Gross Unrealized for Credit Fair Cost Gains Losses Losses Value Fixed maturity AFS securities: Corporate bonds $ 89,249 $ 787 $ 11,004 $ 9 $ 79,023 U.S. government bonds 405 5 31 - 379 State and municipal bonds 5,410 172 512 - 5,070 Foreign government bonds 348 17 47 - 318 RMBS 2,216 22 222 7 2,009 CMBS 1,917 3 246 - 1,674 ABS 11,797 38 926 5 10,904 Hybrid and redeemable preferred securities 365 25 30 1 359 Total fixed maturity AFS securities $ 111,707 $ 1,069 $ 13,018 $ 22 $ 99,736 As Restated As of December 31, 2021 Allowance Amortized Gross Unrealized for Credit Fair Cost Gains Losses Losses Value Fixed maturity AFS securities: Corporate bonds $ 86,373 $ 12,113 $ 349 $ 17 $ 98,120 U.S. government bonds 375 60 2 - 433 State and municipal bonds 5,322 1,311 12 - 6,621 Foreign government bonds 373 64 5 - 432 RMBS 2,334 196 4 1 2,525 CMBS 1,552 61 14 - 1,599 ABS 8,439 127 54 - 8,512 Hybrid and redeemable preferred securities 374 107 11 1 469 Total fixed maturity AFS securities $ 105,142 $ 14,039 $ 451 $ 19 $ 118,711 The amortized cost and fair value of fixed maturity AFS securities by contractual maturities (in millions) as of December 31, 2022, were as follows: Amortized Fair Cost Value Due in one year or less $ 3,386 $ 3,352 Due after one year through five years 17,659 16,816 Due after five years through ten years 18,568 16,736 Due after ten years 56,164 48,245 Subtotal 95,777 85,149 Structured securities (RMBS, CMBS, ABS) 15,930 14,587 Total fixed maturity AFS securities $ 111,707 $ 99,736 Actual maturities may differ from contractual maturities because issuers may have the right to call or pre-pay obligations. The fair value and gross unrealized losses of fixed maturity AFS securities (dollars in millions) for which an allowance for credit losses has not been recorded, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows: As of December 31, 2022 Less Than or Equal Greater Than to Twelve Months Twelve Months Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (1) Fixed maturity AFS securities: Corporate bonds $ 59,929 $ 9,049 $ 7,094 $ 1,955 $ 67,023 $ 11,004 U.S. government bonds 261 25 27 6 288 31 State and municipal bonds 1,958 440 237 72 2,195 512 Foreign government bonds 130 19 58 28 188 47 RMBS 1,490 179 193 43 1,683 222 CMBS 1,224 156 320 90 1,544 246 ABS 6,715 552 3,326 374 10,041 926 Hybrid and redeemable preferred securities 63 5 97 25 160 30 Total fixed maturity AFS securities $ 71,770 $ 10,425 $ 11,352 $ 2,593 $ 83,122 $ 13,018 Total number of fixed maturity AFS securities in an unrealized loss position 8,175 As of December 31, 2021 Less Than or Equal Greater Than to Twelve Months Twelve Months Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (1) Fixed maturity AFS securities: Corporate bonds $ 10,796 $ 234 $ 1,567 $ 115 $ 12,363 $ 349 U.S. government bonds 6 - 26 2 32 2 State and municipal bonds 522 11 24 1 546 12 Foreign government bonds 61 3 56 2 117 5 RMBS 262 3 22 1 284 4 CMBS 446 12 37 2 483 14 ABS 4,646 49 165 5 4,811 54 Hybrid and redeemable preferred securities 47 1 76 10 123 11 Total fixed maturity AFS securities $ 16,786 $ 313 $ 1,973 $ 138 $ 18,759 $ 451 Total number of fixed maturity AFS securities in an unrealized loss position 2,597 (1) As of December 31, 2022 and 2021, we recognized $ 6 million and $ 8 million of gross unrealized losses, respectively, in OCI for fixed maturity AFS securities for which an allowance for credit losses has been recorded. The fair value, gross unrealized losses (in millions) and number of fixed maturity AFS securities where the fair value had declined and remained below amortized cost by greater than 20% were as follows: As of December 31, 2022 Gross Number Fair Unrealized of Value Losses Securities (1) Less than six months $ 11,351 $ 3,659 1,500 Six months or greater, but less than nine months 4,411 2,226 650 Nine months or greater, but less than twelve months 447 302 74 Twelve months or greater 2 1 15 Total $ 16,211 $ 6,188 2,239 As of December 31, 2021 Gross Number Fair Unrealized of Value Losses Securities (1) Less than six months $ 12 $ 3 6 Twelve months or greater 58 8 24 Total $ 70 $ 11 30 (1) We may reflect a security in more than one aging category based on various purchase dates. Our gross unrealized losses on fixed maturity AFS securities increased by $ 12.6 billion for the year ended December 31, 2022. As discussed further below, we believe the unrealized loss position as of December 31, 2022, did not require an impairment recognized in earnings as (i) we did not intend to sell these fixed maturity AFS securities; (ii) it is not more likely than not that we will be required to sell the fixed maturity AFS securities before recovery of their amortized cost basis; and (iii) the difference in the fair value compared to the amortized cost was due to factors other than credit loss. Based upon this evaluation as of December 31, 2022, management believes we have the ability to generate adequate amounts of cash from our normal operations (e.g., insurance premiums, fee income and investment income) to meet cash requirements with a prudent margin of safety without requiring the sale of our impaired securities. As of December 31, 2022, the unrealized losses associated with our corporate bond, U.S. government bond, state and municipal bond and foreign government bond securities were attributable primarily to rising interest rates and widening credit spreads since purchase. We performed a detailed analysis of the financial performance of the underlying issuers and determined that we expected to recover the entire amortized cost of each impaired security. Credit ratings express opinions about the credit quality of a security. Securities rated investment grade (those rated BBB- or higher by S&P Global Ratings (“S&P”) or Baa3 or higher by Moody’s Investors Service (“Moody’s”)) are generally considered by the rating agencies and market participants to be low credit risk. As of December 31, 2022 and 2021, 96 % of the fair value of our corporate bond portfolio was rated investment grade. As of December 31, 2022 and 2021, the portion of our corporate bond portfolio rated below investment grade had an amortized cost of $ 3.7 billion, and a fair value of $ 3.5 billion and $ 3.8 billion, respectively. Based upon the analysis discussed above, we believe that as of December 31, 2022 and 2021, we would have recovered the amortized cost of each corporate bond. As of December 31, 2022, the unrealized losses associated with our MBS and ABS were attributable primarily to rising interest rates and widening credit spreads since purchase. We assessed for credit impairment using a cash flow model that incorporates key assumptions including default rates, severities and prepayment rates. We estimated losses for a security by forecasting the underlying loans in each transaction. The forecasted loan performance was used to project cash flows to the various tranches in the structure, as applicable. Our forecasted cash flows also considered, as applicable, independent industry analyst reports and forecasts and other independent market data. Based upon our assessment of the expected credit losses of the security given the performance of the underlying collateral compared to our subordination or other credit enhancement, we expected to recover the entire amortized cost of each impaired security. As of December 31, 2022, the unrealized losses associated with our hybrid and redeemable preferred securities were attributable primarily to wider credit spreads caused by illiquidity in the market and subordination within the capital structure, as well as credit risk of underlying issuers. For our hybrid and redeemable preferred securities, we evaluated the financial performance of the underlying issuers based upon credit performance and investment ratings and determined that we expected to recover the entire amortized cost of each impaired security. Credit Loss Impairment on Fixed Maturity AFS Securities We regularly review our fixed maturity AFS securities for declines in fair value that we determine to be impairment-related, including those attributable to credit risk factors that may require an allowance for credit losses. See Note 1 for a detailed discussion regarding our accounting policy relating to the allowance for credit losses on our fixed maturity AFS securities. Changes in the allowance for credit losses on fixed maturity AFS securities (in millions), aggregated by investment category, were as follows: For the Year Ended December 31, 2022 Corporate Bonds RMBS Other Total Balance as of beginning-of-year $ 17 $ 1 $ 1 $ 19 Additions from purchases of PCD debt securities (1) - - - - Additions for securities for which credit losses were not previously recognized 4 3 1 8 Additions (reductions) for securities for which credit losses were previously recognized 2 3 4 9 Reductions for securities disposed ( 2 ) - - ( 2 ) Reductions for securities charged-off ( 12 ) - - ( 12 ) Balance as of end-of-year (2) $ 9 $ 7 $ 6 $ 22 For the Year Ended December 31, 2021 Corporate Bonds RMBS Other Total Balance as of beginning-of-year $ 12 $ 1 $ - $ 13 Additions from purchases of PCD debt securities (1) - - - - Additions for securities for which credit losses were not previously recognized 8 - 1 9 Additions (reductions) for securities for which credit losses were previously recognized 5 - - 5 Reductions for securities disposed ( 2 ) - - ( 2 ) Reductions for securities charged-off ( 6 ) - - ( 6 ) Balance as of end-of-year (2) $ 17 $ 1 $ 1 $ 19 For the Year Ended December 31, 2020 Corporate Bonds RMBS Other Total Balance as of beginning-of-year $ - $ - $ - $ - Additions from purchases of PCD debt securities (1) - - - - Additions for securities for which credit losses were not previously recognized 43 1 1 45 Additions (reductions) for securities for which credit losses were previously recognized ( 1 ) - ( 1 ) ( 2 ) Reductions for securities disposed ( 17 ) - - ( 17 ) Reductions for securities charged-off ( 13 ) - - ( 13 ) Balance as of end-of-year (2) $ 12 $ 1 $ - $ 13 (1) Represents purchased credit-deteriorated (“PCD”) fixed maturity AFS securities. (2) As of December 31, 2022, 2021 and 2020, accrued investment income on fixed maturity AFS securities totaled $ 1.1 billion, $ 972 million and $ 1.0 billion, respectively, and was excluded from the estimate of credit losses. Trading Securities Trading securities at fair value (in millions) consisted of the following: As Restated As of As of December 31, December 31, 2022 2021 Fixed maturity securities: Corporate bonds $ 2,248 $ 2,734 U.S. government bonds - 32 State and municipal bonds 21 27 Foreign government bonds 49 73 RMBS 99 95 CMBS 137 137 ABS 919 1,338 Hybrid and redeemable preferred securities 25 24 Total trading securities $ 3,498 $ 4,460 The portion of the market adjustment for trading gains and losses recognized in realized gain (loss) that relate to trading securities still held as of December 31, 2022, 2021 and 2020, was $( 632 ) million, $( 51 ) million and $ 118 million, respectively. Mortgage Loans on Real Estate The following provides the current and past due composition of our mortgage loans on real estate (in millions): As of December 31, 2022 As of December 31, 2021 Commercial Residential Total Commercial Residential Total Current $ 17,003 $ 1,315 $ 18,318 $ 17,167 $ 837 $ 18,004 30 to 59 days past due 19 23 42 15 21 36 60 to 89 days past due - 6 6 - 5 5 90 or more days past due - 33 33 - 29 29 Allowance for credit losses ( 84 ) ( 15 ) ( 99 ) ( 79 ) ( 17 ) ( 96 ) Unamortized premium (discount) ( 8 ) 36 28 ( 11 ) 27 16 Mark-to-market gains (losses) (1) ( 27 ) - ( 27 ) ( 3 ) - ( 3 ) Total carrying value $ 16,903 $ 1,398 $ 18,301 $ 17,089 $ 902 $ 17,991 (1) Represents the mark-to-market on certain mortgage loans on real estate for which we have elected the fair value option. See Note 20 for additional information. Our commercial mortgage loan portfolio had the largest concentrations in California, which accounted for 27 % and 26 % of commercial mortgage loans on real estate as of December 31, 2022 and 2021, respectively, and Texas, which accounted for 9 % of commercial mortgage loans on real estate as of December 31, 2022 and 2021. As of December 31, 2022, our residential mortgage loan portfolio had the largest concentrations in California and New Jersey, which accounted for 17 % and 12 % of residential mortgage loans on real estate, respectively. As of December 31, 2021, our residential mortgage loan portfolio had the largest concentrations in California and Florida, which accounted for 22 % and 14 % of residential mortgage loans on real estate, respectively. As of December 31, 2022 and 2021, we had 73 and 65 residential mortgage loans, respectively, that were either delinquent or in foreclosure. As of December 31, 2022 and 2021, we had 49 and 34 residential mortgage loans in foreclosure, respectively, with an aggregate carrying value of $ 21 million and $ 15 million, respectively. As of December 31, 2022 and 2021, there were two and four specifically identified impaired commercial mortgage loans, respectively, with an aggregate carrying value of less than $ 1 million and $ 1 million, respectively. As of December 31, 2022 and 2021, there were 37 and 50 specifically identified impaired residential mortgage loans, respectively, with an aggregate carrying value of $ 16 million and $ 22 million, respectively. Additional information related to impaired mortgage loans on real estate (in millions) was as follows: For the Years Ended December 31, 2022 2021 2020 Average aggregate carrying value for impaired mortgage loans on real estate $ 16 $ 32 $ 21 Interest income recognized on impaired mortgage loans on real estate - - - Interest income collected on impaired mortgage loans on real estate - - - The amortized cost of mortgage loans on real estate on nonaccrual status (in millions) was as follows: As of December 31, 2022 As of December 31, 2021 Nonaccrual Nonaccrual with no with no Allowance Allowance for Credit for Credit Losses Nonaccrual Losses Nonaccrual Commercial mortgage loans on real estate $ - $ - $ - $ - Residential mortgage loans on real estate - 34 - 30 Total $ - $ 34 $ - $ 30 We use loan-to-value and debt-service coverage ratios as credit quality indicators for our commercial mortgage loans on real estate. The amortized cost of commercial mortgage loans on real estate (dollars in millions) by year of origination and credit quality indicator was as follows: As of December 31, 2022 Debt- Debt- Debt- Service Service Service Less Coverage 65% Coverage Greater Coverage than 65% Ratio to 75% Ratio than 75% Ratio Total Origination Year 2022 $ 1,769 2.06 $ 105 1.50 $ 2 1.45 $ 1,876 2021 2,354 3.05 72 1.53 - - 2,426 2020 1,289 3.00 17 1.58 - - 1,306 2019 2,685 2.18 81 1.50 29 1.58 2,795 2018 2,225 2.17 71 1.62 - - 2,296 2017 and prior 6,184 2.44 131 1.75 - - 6,315 Total $ 16,506 $ 477 $ 31 $ 17,014 As of December 31, 2021 Debt- Debt- Debt- Service Service Service Less Coverage 65% Coverage Greater Coverage than 65% Ratio to 75% Ratio than 75% Ratio Total Origination Year 2021 $ 2,384 3.04 $ 136 1.74 $ - - $ 2,520 2020 1,358 3.03 144 2.06 - - 1,502 2019 2,917 2.15 188 1.42 - - 3,105 2018 2,274 2.13 172 1.59 15 1.02 2,461 2017 1,655 2.33 149 1.74 27 0.83 1,831 2016 and prior 5,554 2.41 171 1.76 27 1.08 5,752 Total $ 16,142 $ 960 $ 69 $ 17,171 We use loan performance status as the primary credit quality indicator for our residential mortgage loans on real estate. The amortized cost of residential mortgage loans on real estate (in millions) by year of origination and credit quality indicator was as follows: As of December 31, 2022 Performing Nonperforming Total Origination Year 2022 $ 578 $ 5 $ 583 2021 527 6 533 2020 90 3 93 2019 119 18 137 2018 65 2 67 2017 and prior - - - Total $ 1,379 $ 34 $ 1,413 As of December 31, 2021 Performing Nonperforming Total Origination Year 2021 $ 467 $ 2 $ 469 2020 129 2 131 2019 189 21 210 2018 104 5 109 2017 - - - 2016 and prior - - - Total $ 889 $ 30 $ 919 Credit Losses on Mortgage Loans on Real Estate In connection with our recognition of an allowance for credit losses for mortgage loans on real estate, we perform a quantitative analysis using a probability of default/loss given default/exposure at default approach to estimate expected credit losses in our mortgage loan portfolio as well as unfunded commitments related to commercial mortgage loans, exclusive of certain mortgage loans held at fair value. See Note 1 for a detailed discussion regarding our accounting policy relating to the allowance for credit losses on our mortgage loans on real estate. Changes in the allowance for credit losses on mortgage loans on real estate (in millions) were as follows: For the Year Ended December 31, 2022 Commercial Residential Total Balance as of beginning-of-year $ 79 $ 17 $ 96 Additions (reductions) from provision for credit loss expense (1) 5 ( 2 ) 3 Additions from purchases of PCD mortgage loans on real estate - - - Balance as of end-of-year (2) $ 84 $ 15 $ 99 For the Year Ended December 31, 2021 Commercial Residential Total Balance as of beginning-of-year $ 187 $ 17 $ 204 Additions (reductions) from provision for credit loss expense (1) ( 108 ) - ( 108 ) Additions from purchases of PCD mortgage loans on real estate - - - Balance as of end-of-year (2) $ 79 $ 17 $ 96 For the Year Ended December 31, 2020 Commercial Residential Total Balance as of beginning-of-year $ - $ 2 $ 2 Impact of adopting new accounting standard 62 26 88 Additions (reductions) from provision for credit loss expense (1) 125 ( 11 ) 114 Additions from purchases of PCD mortgage loans on real estate - - - Balance as of end-of-year (2) $ 187 $ 17 $ 204 (1) We did not recognize any credit loss benefit (expense) related to unfunded commitments for mortgage loans on real estate for the year ended December 31, 2022. We recognized $ 4 million and $( 2 ) million of credit loss benefit (expense) related to unfunded commitments for mortgage loans on real estate for the years ended December 31, 2021 and 2020, respectively. (2) Accrued investment income on mortgage loans on real estate totaled $ 51 million, $ 49 million and $ 49 million as of December 31, 2022, 2021 and 2020, respectively, and was excluded from the estimate of credit losses. Alternative Investments As of December 31, 2022 and 2021, alternative investments included investments in 337 and 311 different partnerships, respectively, and represented approximately 2 % of total investments. Net Investment Income The major categories of net investment income (in millions) on the Consolidated Statements of Comprehensive Income (Loss) were as follows: As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Fixed maturity AFS securities $ 4,469 $ 4,351 $ 4,334 Trading securities 182 167 202 Equity securities 11 3 3 Mortgage loans on real estate 689 680 677 Policy loans 101 115 125 Cash and invested cash 13 - 12 Commercial mortgage loan prepayment and bond make-whole premiums 105 199 82 Alternative investments 66 679 197 Consent fees 8 10 7 Other investments 79 64 46 Investment income 5,723 6,268 5,685 Investment expense ( 208 ) ( 157 ) ( 175 ) Net investment income $ 5,515 $ 6,111 $ 5,510 Impairments on Fixed Maturity AFS Securities Details underlying credit loss benefit (expense) incurred as a result of impairments that were recognized in net income (loss) and included in realized gain (loss) on fixed maturity AFS securities (in millions) were as follows: For the Years Ended December 31, 2022 2021 2020 Credit Loss Benefit (Expense) Fixed maturity AFS securities: Corporate bonds $ ( 5 ) $ ( 10 ) $ ( 25 ) RMBS ( 6 ) - ( 1 ) ABS ( 4 ) - - Hybrid and redeemable preferred securities - ( 1 ) - Gross credit loss benefit (expense) ( 15 ) ( 11 ) ( 26 ) Associated amortization of DAC, VOBA, DSI and DFEL - - 1 Net credit loss benefit (expense) $ ( 15 ) $ ( 11 ) $ ( 25 ) Payables for Collateral on Investments The carrying value of the payables for collateral on investments included on the Consolidated Balance Sheets and the fair value of the related investments or collateral (in millions) consisted of the following: As of December 31, 2022 As of December 31, 2021 Carrying Fair Carrying Fair Value Value Value Value Collateral payable for derivative investments (1) $ 3,284 $ 3,284 $ 5,575 $ 5,575 Securities pledged under securities lending agreements (2) 298 287 241 235 Investments pledged for FHLBI (3) 3,130 3,925 3,130 4,876 Total payables for collateral on investments $ 6,712 $ 7,496 $ 8,946 $ 10,686 (1) We obtain collateral based upon contractual provisions with our counterparties. These agreements take into consideration the counterparties’ credit rating as compared to ours, the fair value of the derivative investments and specified thresholds that if exceeded result in the receipt of cash that is typically invested in cash and invested cash. This also includes interest payable on collateral. See Note 5 for additional information. (2) Our pledged securities under securities lending agreements are included in fixed maturity AFS securities on the Consolidated Balance Sheets. We generally obtain collateral in an amount equal to 102 % and 105 % of the fair value of the domestic and foreign securities, respectively. We value collateral daily and obtain additional collateral when deemed appropriate. The cash received in our securities lending program is typically invested in cash and invested cash or fixed maturity AFS securities. (3) Our pledged investments for FHLBI are included in fixed maturity AFS securities and mortgage loans on real estate on the Consolidated Balance Sheets. The collateral requirements are generally 105 % to 115 % of the fair value for fixed maturity AFS securities and 155 % to 175 % of the fair value for mortgage loans on real estate. The cash received in these transactions is primarily invested in cash and invested cash or fixed maturity AFS securities. We have repurchase agreements through which we can obtain liquidity by pledging securities. The collateral requirements are generally 80 % to 95 % of the fair value of the securities, and our agreements with third parties contain contractual provisions to allow for additional collateral to be obtained when necessary. The cash received in our repurchase program is typically invested in fixed maturity AFS securities. As of December 31, 2022 and 2021, we were not participating in any open repurchase agreements. Increase (decrease) in payables for collateral on investments (in millions) consisted of the following: For the Years Ended December 31, 2022 2021 2020 Collateral payable for derivative investments $ ( 2,291 ) $ 2,599 $ 1,588 Securities pledged under securities lending agreements 57 125 2 Investments pledged for FHLBI - - ( 450 ) Total increase (decrease) in payables for collateral on investments $ ( 2,234 ) $ 2,724 $ 1,140 We have elected not to offset our securities lending transactions in the consolidated financial statements. The remaining contractual maturities of securities lending transactions accounted for as secured borrowings (in millions) were as follows: As of December 31, 2022 Overnight and Continuous Up to 30 Days 30 - 90 Days Greater Than 90 Days Total Securities Lending Corporate bonds $ 288 $ - $ - $ - $ 288 Foreign government bonds 2 - - - 2 Equity securities 8 - - - 8 Total gross secured borrowings $ 298 $ - $ - $ - $ 298 As of December 31, 2021 Overnight and Continuous Up to 30 Days 30 - 90 Days Greater Than 90 Days Total Securities Lending Corporate bonds $ 239 $ - $ - $ - $ 239 Foreign government bonds 1 - - - 1 Equity securities 1 - - - 1 Total gross secured borrowings $ 241 $ - $ - $ - $ 241 We accept collateral in the form of securities in connection with repurchase agreements. In instances where we are permitted to sell or re-pledge the securities received, we report the fair value of the collateral received and a related obligation to return the collateral in the consolidated financial statements. In addition, we receive securities in connection with securities borrowing agreements that we are permitted to sell or re-pledge. As of December 31, 2022, the fair value of all collateral received that we are permitted to sell or re-pledge was $ 25 million, and we had re-pledged all of this collateral to cover initial margin and over-the-counter collateral requirements on certain derivative investments. Investment Commitments As of December 31, 2022, our investment commitments were $ 2.4 billion, which included $ 1.9 billion of LPs, $ 310 million of private placement securities and $ 226 million of mortgage loans on real estate. Concentrations of Financial Instruments As of December 31, 2022 and 2021, our most significant investments in one issuer were our investments in securities issued by the Federal National Mortgage Association with a fair value of $ 745 million and $ 926 million, respectively, or 1 % of total investments, and our investments in securities issued by the Federal Home Loan Mortgage Corporation with a fair value of $ 720 million and $ 953 million, respectively, or 1 % of total investments. These concentrations include fixed maturity AFS, trading and equity securities. As of December 31, 2022 and 2021, our most significant investments in one industry were our investments in securities in the financial services industry with a fair value of $ 16.6 billion and $ 19.2 billion, respectively, or 13 % and 12 %, respectively, of total investments, and our investments in securities in the consumer non-cyclical industry with a fair value of $ 15.1 billion and $ 19.6 billion, respectively, or 11 % and 13 %, respectively, of total investments. These concentrations include fixed maturity AFS, trading and equity securities.

Derivative Instruments

Derivative Instruments	12 Months Ended
	Dec. 31, 2022
Derivative Instruments [Abstract]
Derivative Instruments	5. Derivative In struments We maintain an overall risk management strategy that incorporates the use of derivative instruments to minimize significant unplanned fluctuations in earnings that are caused by interest rate risk, foreign currency exchange risk, equity market risk, basis risk, commodity risk and credit risk. We assess these risks by continually identifying and monitoring changes in our exposures that may adversely affect expected future cash flows and by evaluating hedging opportunities. Derivative activities are monitored by various management committees. The committees are responsible for overseeing the implementation of various hedging strategies that are developed through the analysis of financial simulation models and other internal and industry sources. The resulting hedging strategies are incorporated into our overall risk management strategies. See Note 1 for a detailed discussion of the accounting treatment for derivative instruments. See Note 20 for additional disclosures related to the fair value of our derivative instruments and Note 3 for derivative instruments related to our consolidated VIEs. Interest Rate Contracts We use derivative instruments as part of our interest rate risk management strategy. These instruments are economic hedges unless otherwise noted and include: Forward-Starting Interest Rate Swaps We use forward-starting interest rate swaps designated and qualifying as cash flow hedges to hedge our exposure to interest rate fluctuations related to the forecasted purchases of certain assets and anticipated issuances of fixed-rate securities. We also use forward-starting interest rate swaps to hedge the interest rate exposure within our life and annuity products. Interest Rate Cap Corridor s We use interest rate cap corridors to provide a level of protection from the effect of rising interest rates for certain life insurance products and annuity contracts. Interest rate cap corridors involve purchasing an interest rate cap at a specific cap rate and selling an interest rate cap with a higher cap rate. For each corridor, the amount of quarterly payments, if any, is determined by the rate at which the underlying index rate resets above the original capped rate. The corridor limits the benefit the purchaser can receive as the related interest rate index rises above the higher capped rate. There is no additional liability to us other than the purchase price associated with the interest rate cap corridor. Interest Rate Futures We use interest rate futures contracts to hedge the liability exposure on certain options in variable annuity products. These futures contracts require payment between our counterparty and us on a daily basis for changes in the futures index price. Interest Rate Swap Agreements We use interest rate swap agreements to hedge the liability exposure on certain options in variable annuity products. We also use interest rate swap agreements designated and qualifying as cash flow hedges to hedge the interest rate risk of floating-rate bond coupon payments by replicating a fixed-rate bond. Finally, we use interest rate swap agreements designated and qualifying as fair value hedges to hedge against changes in the fair value of certain fixed-rate long-term debt and fixed maturity securities due to interest rate risks. Treasury and Reverse Treasury Locks We use treasury locks designated and qualifying as cash flow hedges to hedge the interest rate exposure related to our issuance of fixed-rate securities or the anticipated future cash flows of floating-rate fixed maturity securities due to changes in interest rates. In addition, we use reverse treasury locks designated and qualifying as cash flow hedges to hedge the interest rate exposure related to the anticipated purchase of fixed-rate securities or the anticipated future cash flows of floating-rate fixed maturity securities due to changes in interest rates. These derivatives are primarily structured to hedge interest rate risk inherent in the assumptions used to price certain liabilities. Foreign Currency Contracts We use derivative instruments as part of our foreign currency risk management strategy. These instruments are economic hedges unless otherwise noted and include: Currency Futures We use currency futures to hedge foreign exchange risk associated with certain options in variable annuity products. Currency futures exchange one currency for another at a specified date in the future at a specified exchange rate. Foreign Currency Swaps We use foreign currency swaps to hedge foreign exchange risk of investments in fixed maturity securities denominated in foreign currencies. A foreign currency swap is a contractual agreement to exchange one currency for another at specified dates in the future at a specified exchange rate. We also use foreign currency swaps designated and qualifying as cash flow hedges to hedge foreign exchange risk of investments in fixed maturity securities denominated in foreign currencies. Foreign Currency Forwards We use foreign currency forwards to hedge foreign exchange risk of investments in fixed maturity securities denominated in foreign currencies. A foreign currency forward is a contractual agreement to exchange one currency for another at specified dates in the future at a specified current exchange rate. Equity Market Contracts We use derivative instruments as part of our equity market risk management strategy that are economic hedges and include: Call Options Based on the S&P 500 ® Index and Other Indices We use call options to hedge the liability exposure on certain options in variable annuity, indexed variable annuity, fixed indexed annuity, IUL and VUL products. Our indexed annuity and IUL contracts permit the holder to elect an interest rate return or an equity market component, where interest credited to the contracts is linked to the performance of the S&P 500 Index or other indices. Contract holders may elect to rebalance index options at renewal dates. At the end of each indexed term, which can be up to six years , we have the opportunity to re-price the indexed component by establishing participation rates, caps, spreads and specified rates, subject to contractual guarantees. We use call options that are highly correlated to the portfolio allocation decisions of our contract holders, such that we are economically hedged with respect to equity returns for the current reset period. Consumer Price Index Swaps We use consumer price index swaps to hedge the liability exposure on certain options in fixed annuity products. Consumer price index swaps are contracts entered into at no cost and whose payoff is the difference between the consumer price index inflation rate and the fixed-rate determined as of inception. Equity Futures We use equity futures contracts to hedge the liability exposure on certain options in variable annuity products. These futures contracts require payment between our counterparty and us on a daily basis for changes in the futures index price. Put Options We use put options to hedge the liability exposure on certain options in variable annuity, indexed variable annuity and VUL products. Put options are contracts that require counterparties to pay us at a specified future date the amount, if any, by which a specified equity index is less than the strike rate stated in the agreement, applied to a notional amount. Total Return Swaps We use total return swaps to hedge the liability exposure on certain options in variable annuity products and indexed variable annuity products. In addition, we use total return swaps to hedge a portion of the liability related to our deferred compensation plans. We receive the total return on a portfolio of indexes and pay a floating-rate of interest. Commodity Contracts We use commodity contracts to economically hedge certain investments that are closely tied to the changes in commodity values. The commodity contract is an over-the-counter contract that combines a purchase put/sold call to lock in a commodity price within a predetermined range in exchange for a net premium. Credit Contracts We use derivative instruments as part of our credit risk management strategy that are economic hedges and include: Credit Default Swaps – Buying Protection We use credit default swaps (“CDSs”) to hedge the liability exposure on certain options in variable annuity products. We buy CDSs to hedge against a drop in bond prices due to credit concerns of certain bond issuers. A CDS allows us to put the bond back to the counterparty at par upon a default event by the bond issuer. A default event is defined as bankruptcy, failure to pay, obligation acceleration or restructuring. CDSs – Selling Protection We use CDSs to hedge the liability exposure on certain options in variable annuity products. We sell CDSs to offer credit protection to contract holders and investors. The CDSs hedge the contract holders and investors against a drop in bond prices due to credit concerns of certain bond issuers. A CDS allows the investor to put the bond back to us at par upon a default event by the bond issuer. A default event is defined as bankruptcy, failure to pay, obligation acceleration or restructuring. Embedded Derivatives We have embedded derivatives that include: GLB Reserves Embedded Derivatives Certain features of these guarantees have elements of both insurance benefits accounted for under the Financial Services – Insurance – Claim Costs and Liabilities for Future Policy Benefits Subtopic of the FASB ASC (“benefit reserves”) and embedded derivatives accounted for under the Derivatives and Hedging and the Fair Value Measurements and Disclosures Topics of the FASB ASC (“embedded derivative reserves”). We calculate the value of the benefit reserves and the embedded derivative reserves based on the specific characteristics of each GLB feature. We use a hedging strategy designed to mitigate the risk and income statement volatility caused by changes in the equity markets, interest rates and volatility associated with GLBs offered in our variable annuity products, including products with GWB and GIB features. Changes in the value of the hedge contracts due to changes in equity markets, interest rates and implied volatilities hedge the income statement effect of changes in embedded derivative GLB reserves caused by those same factors. We rebalance our hedge positions based upon changes in these factors as needed. While we actively manage our hedge positions, these hedge positions may not be totally effective in offsetting changes in the embedded derivative reserve due to, among other things, differences in timing between when a market exposure changes and corresponding changes to the hedge positions, extreme swings in the equity markets and interest rates, market volatility, contract holder behavior, divergence between the performance of the underlying funds and the hedging indices, divergence between the actual and expected performance of the hedge instruments and our ability to purchase hedging instruments at prices consistent with our desired risk and return trade-off. Indexed Annuity and IUL Contracts Embedded Derivatives Our indexed annuity and IUL contracts permit the holder to elect an interest rate return or an equity market component, where interest credited to the contracts is linked to the performance of the S&P 500® Index or other indices. Contract holders may elect to rebalance index options at renewal dates. At the end of each indexed term, which can be up to six years , we have the opportunity to re-price the indexed component by establishing participation rates, caps, spreads and specified rates, subject to contractual guarantees. We use options that are highly correlated to the portfolio allocation decisions of our contract holders, such that we are economically hedged with respect to equity returns for the current reset period. Reinsurance-Related Embedded Derivatives We have certain modified coinsurance and coinsurance with funds withheld reinsurance agreements with embedded derivatives related to the withheld assets of the related funds. These derivatives are considered total return swaps with contractual returns that are attributable to various assets and liabilities associated with these reinsurance agreements. We have derivative instruments with off-balance-sheet risks whose notional or contract amounts exceed the related credit exposure. Outstanding derivative instruments with off-balance-sheet risks (in millions) were as follows: As Restated As of December 31, 2022 As of December 31, 2021 Notional Fair Value Notional Fair Value Amounts Asset Liability Amounts Asset Liability Qualifying Hedges Cash flow hedges: Interest rate contracts (1) $ 2,590 $ 123 $ 232 $ 3,222 $ 98 $ 436 Foreign currency contracts (1) 4,383 643 18 3,979 283 51 Total cash flow hedges 6,973 766 250 7,201 381 487 Fair value hedges: Interest rate contracts (1) 1,155 2 44 1,157 - 213 Non-Qualifying Hedges Interest rate contracts (1) 105,977 709 935 82,786 897 176 Foreign currency contracts (1) 395 27 2 487 7 2 Equity market contracts (1) 142,946 5,135 2,035 107,515 8,490 3,909 Commodity contracts (1) 13 14 3 - - - Credit contracts (1) - - - 49 - - Embedded derivatives: GLB direct (2) - 1,697 - - 1,967 - GLB ceded (2) - 29 167 - 56 182 Reinsurance-related (2) - 416 - - - 206 Indexed annuity and IUL contracts (2) (3) - 525 4,783 - 528 6,131 Total derivative instruments $ 257,459 $ 9,320 $ 8,219 $ 199,195 $ 12,326 $ 11,306 (1) Reported in derivative investments and other liabilities on the Consolidated Balance Sheets. (2) Reported in other assets and other liabilities on the Consolidated Balance Sheets. (3) Reported in future contract benefits on the Consolidated Balance Sheets. The maturity of the notional amounts of derivative instruments (in millions) was as follows: As Restated Remaining Life as of December 31, 2022 Less Than 1 - 5 6 - 10 11 - 30 Over 30 1 Year Years Years Years Years Total Interest rate contracts (1) $ 31,463 $ 27,958 $ 24,892 $ 21,196 $ 4,213 $ 109,722 Foreign currency contracts (2) 261 730 1,681 2,037 69 4,778 Equity market contracts 95,134 28,952 7,796 9 11,055 142,946 Commodity contracts 13 - - - - 13 Total derivative instruments with notional amounts $ 126,871 $ 57,640 $ 34,369 $ 23,242 $ 15,337 $ 257,459 (1) As of December 31, 2022, the latest maturity date for which we were hedging our exposure to the variability in future cash flows for these instruments was April 20, 2067 . (2) As of December 31, 2022, the latest maturity date for which we were hedging our exposure to the variability in future cash flows for these instruments was June 16, 2061 . The following amounts (in millions) were recorded on the Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges: Cumulative Fair Value Hedging Adjustment Included in the Amortized Cost of the Amortized Cost of the Hedged Hedged Assets / (Liabilities) Assets / (Liabilities) As of As of As of As of December 31, December 31, December 31, December 31, 2022 2021 2022 2021 Line Item in the Consolidated Balance Sheets in which the Hedged Item is Included Fixed maturity AFS securities, at fair value $ 587 $ 764 $ 44 $ 211 Long-term debt (1) ( 698 ) ( 854 ) 177 21 (1) Includes $( 341 ) million and $( 356 ) million of unamortized adjustments from discontinued hedges as of December 31, 2022 and 2021, respectively. The change in our unrealized gain (loss) on derivative instruments within AOCI (in millions) was as follows: For the Years Ended December 31, 2022 2021 2020 Unrealized Gain (Loss) on Derivative Instruments Balance as of beginning-of-year $ ( 103 ) $ ( 402 ) $ ( 11 ) Other comprehensive income (loss): Unrealized holding gains (losses) arising during the period: Cash flow hedges: Interest rate contracts 196 116 ( 350 ) Foreign currency contracts 182 130 93 Change in foreign currency exchange rate adjustment 312 152 ( 174 ) Change in DAC, VOBA, DSI and DFEL 27 8 ( 17 ) Income tax benefit (expense) ( 150 ) ( 87 ) 94 Less: Reclassification adjustment for gains (losses) included in net income (loss): Cash flow hedges: Interest rate contracts (1) 2 3 2 Interest rate contracts (2) ( 11 ) ( 23 ) ( 16 ) Foreign currency contracts (1) 62 48 56 Foreign currency contracts (3) 39 ( 2 ) 6 Associated amortization of DAC, VOBA, DSI and DFEL ( 6 ) ( 1 ) ( 1 ) Income tax benefit (expense) ( 18 ) ( 5 ) ( 10 ) Balance as of end-of-year $ 396 $ ( 103 ) $ ( 402 ) (1) The OCI offset is reported within net investment income on the Consolidated Statements of Comprehensive Income (Loss). (2) The OCI offset is reported within interest and debt expense on the Consolidated Statements of Comprehensive Income (Loss). (3) The OCI offset is reported within realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). The effects of qualifying and non-qualifying hedges (in millions) on the Consolidated Statements of Comprehensive Income (Loss) were as follows: As Restated Gain (Loss) Recognized in Income For the Year Ended December 31, 2022 Realized Net Interest Gain Investment and Debt (Loss) Income Expense Total Line Items in which the Effects of Fair Value or Cash Flow Hedges are Recorded $ 345 $ 5,515 $ 283 Qualifying Hedges Gain or (loss) on fair value hedging relationships: Interest rate contracts: Hedged items - ( 167 ) 156 Derivatives designated as hedging instruments - 167 ( 156 ) Gain or (loss) on cash flow hedging relationships: Interest rate contracts: Amount of gain or (loss) reclassified from AOCI into income - 2 ( 11 ) Foreign currency contracts: Amount of gain or (loss) reclassified from AOCI into income 39 62 - Non-Qualifying Hedges Interest rate contracts ( 2,113 ) - - Foreign currency contracts 3 - - Equity market contracts ( 2,075 ) - - Commodity contracts 11 Credit contracts ( 4 ) - - Embedded derivatives: GLB ( 282 ) - - Reinsurance-related 622 - - Indexed annuity and IUL contracts 1,760 - - As Restated Gain (Loss) Recognized in Income For the Year Ended December 31, 2021 Realized Net Interest Gain Investment and Debt (Loss) Income Expense Total Line Items in which the Effects of Fair Value or Cash Flow Hedges are Recorded $ 414 $ 6,111 $ 270 Qualifying Hedges Gain or (loss) on fair value hedging relationships: Interest rate contracts: Hedged items - ( 60 ) 46 Derivatives designated as hedging instruments - 60 ( 46 ) Gain or (loss) on cash flow hedging relationships: Interest rate contracts: Amount of gain or (loss) reclassified from AOCI into income - 3 ( 23 ) Foreign currency contracts: Amount of gain or (loss) reclassified from AOCI into income ( 2 ) 48 - Non-Qualifying Hedges Interest rate contracts ( 957 ) - - Foreign currency contracts ( 1 ) - - Equity market contracts 3,354 - - Credit contracts ( 1 ) - - Embedded derivatives: GLB 1,309 - - Reinsurance-related 185 - - Indexed annuity and IUL contracts ( 2,622 ) - - Gain (Loss) Recognized in Income For the Year Ended December 31, 2020 Realized Net Interest Gain Investment and Debt (Loss) Income Expense Total Line Items in which the Effects of Fair Value or Cash Flow Hedges are Recorded $ ( 513 ) $ 5,510 $ 284 Qualifying Hedges Gain or (loss) on fair value hedging relationships: Interest rate contracts: Hedged items - 69 136 Derivatives designated as hedging instruments - ( 69 ) ( 136 ) Gain or (loss) on cash flow hedging relationships: Interest rate contracts: Amount of gain or (loss) reclassified from AOCI into income - 2 ( 16 ) Foreign currency contracts: Amount of gain or (loss) reclassified from AOCI into income 6 56 - Non-Qualifying Hedges Interest rate contracts 1,287 - - Foreign currency contracts ( 3 ) - - Equity market contracts 971 - - Credit contracts ( 6 ) - - Embedded derivatives: GLB 32 - - Reinsurance-related ( 65 ) - - Indexed annuity and IUL contracts ( 471 ) - - As of December 31, 2022, $ 68 million of the deferred net gains (losses) on derivative instruments in AOCI were expected to be reclassified to earnings during the next 12 months. This reclassification would be due primarily to interest rate variances related to our interest rate swap agreements. For the years ended December 31, 2022 and 2021 , there were no material reclassifications to earnings due to hedged firm commitments no longer deemed probable or due to hedged forecasted transactions that had not occurred by the end of the originally specified time period. As of December 31, 2022 and 2021, we did not have any exposure related to CDSs for which we are the seller. Credit Risk We are exposed to credit losses in the event of non-performance by our counterparties on various derivative contracts and reflect assumptions regarding the credit or NPR. The NPR is based upon assumptions for each counterparty’s credit spread over the estimated weighted average life of the counterparty exposure, less collateral held. As of December 31, 2022, the NPR adjustment was zero . The credit risk associated with such agreements is minimized by entering into agreements with financial institutions with long-standing, superior performance records. Additionally, we maintain a policy of requiring derivative contracts to be governed by an International Swaps and Derivatives Association (“ISDA”) Master Agreement. We are required to maintain minimum ratings as a matter of routine practice in negotiating ISDA agreements. Under some ISDA agreements, our insurance subsidiaries have agreed to maintain certain financial strength or claims-paying ratings. A downgrade below these levels could result in termination of derivative contracts, at which time any amounts payable by us would be dependent on the market value of the underlying derivative contracts. In certain transactions, we and the counterparty have entered into a credit support annex requiring either party to post collateral when net exposures exceed pre-determined thresholds. These thresholds vary by counterparty and credit rating. The amount of such exposure is essentially the net replacement cost or market value less collateral held for such agreements with each counterparty if the net market value is in our favor. We did no t have any exposure as of December 31, 2022 or 2021. The amounts recognized (in millions) by S&P credit rating of counterparty, for which we had the right to reclaim cash collateral or were obligated to return cash collateral, were as follows: As of December 31, 2022 As of December 31, 2021 Collateral Collateral Collateral Collateral Posted by Posted by Posted by Posted by S&P Counter- LNC Counter- LNC Credit Party (Held by Party (Held by Rating of (Held by Counter- (Held by Counter- Counterparty LNC) Party) LNC) Party) AA- $ 383 $ ( 6 ) $ 2,346 $ ( 281 ) A+ 1,718 ( 166 ) 2,772 ( 251 ) A 1,172 - 456 ( 189 ) $ 3,273 $ ( 172 ) $ 5,574 $ ( 721 ) Balance Sheet Offsetting Information related to the effects of offsetting on the Consolidated Balance Sheets (in millions) was as follows: As Restated As of December 31, 2022 Embedded Derivative Derivative Instruments Instruments Total Financial Assets Gross amount of recognized assets $ 6,604 $ 2,667 $ 9,271 Gross amounts offset ( 3,010 ) - ( 3,010 ) Net amount of assets 3,594 2,667 6,261 Gross amounts not offset: Cash collateral ( 3,273 ) - ( 3,273 ) Non-cash collateral (1) ( 321 ) - ( 321 ) Net amount $ - $ 2,667 $ 2,667 Financial Liabilities Gross amount of recognized liabilities $ 260 $ 4,950 $ 5,210 Gross amounts offset ( 50 ) - ( 50 ) Net amount of liabilities 210 4,950 5,160 Gross amounts not offset: Cash collateral ( 172 ) - ( 172 ) Non-cash collateral (1) ( 38 ) - ( 38 ) Net amount $ - $ 4,950 $ 4,950 (1) Excludes excess non-cash collateral received of $ 1.1 billion and excess non-cash collateral pledged of $ 8 million, as the collateral offset is limited to the net estimated fair value of derivatives after application of netting arrangements. As Restated As of December 31, 2021 Embedded Derivative Derivative Instruments Instruments Total Financial Assets Gross amount of recognized assets $ 9,705 $ 2,551 $ 12,256 Gross amounts offset ( 4,008 ) - ( 4,008 ) Net amount of assets 5,697 2,551 8,248 Gross amounts not offset: Cash collateral (1) ( 5,574 ) - ( 5,574 ) Non-cash collateral (2) ( 123 ) - ( 123 ) Net amount $ - $ 2,551 $ 2,551 Financial Liabilities Gross amount of recognized liabilities $ 779 $ 6,519 $ 7,298 Gross amounts offset ( 70 ) - ( 70 ) Net amount of liabilities 709 6,519 7,228 Gross amounts not offset: Cash collateral (1) ( 709 ) - ( 709 ) Non-cash collateral (2) - - - Net amount $ - $ 6,519 $ 6,519 (1) Excludes excess cash collateral pledged of $ 12 million, as the cash collateral offset is limited to the net estimated fair value of derivatives after application of netting arrangements. (2) Excludes excess non-cash collateral received of $ 409 million, as the collateral offset is limited to the net estimated fair value of derivatives after application of netting arrangements.

Federal Income Taxes

Federal Income Taxes	12 Months Ended
	Dec. 31, 2022
Federal Income Taxes [Abstract]
Federal Income Taxes	6. F ederal Income Taxes The federal income tax expense (benefit) on continuing operations (in millions) was as follows: As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Current $ 3 $ 12 $ ( 61 ) Deferred ( 592 ) 350 ( 15 ) Federal income tax expense (benefit) $ ( 589 ) $ 362 $ ( 76 ) A reconciliation of the effective tax rate differences (in millions) was as follows: As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Income (loss) before taxes $ ( 2,830 ) $ 2,249 $ 423 Federal statutory rate 21 % 21 % 21 % Federal income tax expense (benefit) at federal statutory rate ( 594 ) 472 89 Effect of: Tax-preferred investment income (1) ( 90 ) ( 88 ) ( 98 ) Tax credits ( 42 ) ( 26 ) ( 39 ) Excess tax benefits from stock-based compensation ( 1 ) - 3 Goodwill impairment 133 - - Tax impact associated with the Tax Cuts and Jobs Act (2) - - ( 37 ) Other items 5 4 6 Federal income tax expense (benefit) $ ( 589 ) $ 362 $ ( 76 ) Effective tax rate 21 % 16 % - 18 % (1) Relates primarily to separate account dividends eligible for the dividends-received deduction. (2) In 2020, we recognized a $ 37 million tax benefit attributable to the carry back of a 2020 net operating loss under the provisions of the Coronavirus Aid, Relief, and Economic Security Act, which provides for a five-year carryback period. The federal income tax asset (liability) (in millions) was as follows: As Restated As of December 31, 2022 2021 Current $ 83 $ 142 Deferred 1,455 ( 2,899 ) Total federal income tax asset (liability) $ 1,538 $ ( 2,757 ) Significant components of our deferred tax assets and liabilities (in millions) were as follows: As Restated As of December 31, 2022 2021 Deferred Tax Assets Future contract benefits and other contract holder funds $ 706 $ 442 Reinsurance-related embedded derivative liability - 43 Compensation and benefit plans 172 198 Intangibles 18 25 Net unrealized loss on fixed maturity AFS securities 2,265 - Net unrealized loss on trading securities 70 - Investment activity 273 - Tax credits 101 58 Net operating losses 278 292 Other 15 - Total deferred tax assets $ 3,898 $ 1,058 Deferred Tax Liabilities DAC $ 1,813 $ 426 VOBA 276 149 Net unrealized gain on fixed maturity AFS securities - 2,830 Net unrealized gain on trading securities - 65 Investment activity - 328 Reinsurance-related embedded derivative asset 87 - Other 267 159 Total deferred tax liabilities $ 2,443 $ 3,957 Net deferred tax asset (liability) $ 1,455 $ ( 2,899 ) As of December 31, 2022, we have $ 101 million of federal income tax credits that can be carried forward to 2030 through 2032. As of December 31, 2022, we have $ 1.3 billion of net operating losses to carry forward to future years. The net operating losses arose in tax years 2018 and 2021, and under the Tax Cuts and Jobs Act changes, have an unlimited carryforward period. As a result, management believes that it is more likely than not that the deferred tax asset associated with the loss carryforwards will be realized. Inclusive of the tax attribute for the net operating losses, although realization is not assured, management believes that it is more likely than not that we will realize the benefits of all our deferred tax assets, and, accordingly, no valuation allowance has been recorded. We are subject to examination by U.S. federal, state, local and non-U.S. income authorities. With few exceptions for limited scope review, we are no longer subject to U.S. federal examinations for years before 2019. In the first quarter of 2021, the Internal Revenue Service commenced an examination of our refund claims for 2014 and 2015 that is anticipated to be completed by the end of 2023. We are currently under examination by several state and local taxing jurisdictions; however, we do not expect these examinations will materially impact us. A reconciliation of the unrecognized tax benefits (in millions) was as follows: For the Years Ended December 31, 2022 2021 Balance as of beginning-of-year $ 53 $ 51 Increases for prior year tax positions 5 2 Settlements for prior year tax positions ( 6 ) - Balance as of end-of-year $ 52 $ 53 As of December 31, 2022 and 2021, $ 52 million and $ 53 million, respectively, of our unrecognized tax benefits presented above, if recognized, would have affected our federal income tax expense (benefit) and our effective tax rate. We anticipate that it is reasonably possible that unrecognized tax benefits associated with separate account dividends-received deduction and tax credits will decrease by $ 8 million by the end of 2023, upon the completion of the examination of our refund claims for 2014 and 2015. We recognize interest and penalties accrued, if any, related to unrecognized tax benefits as a component of tax expense. For the years ended December 31, 2022, 2021 and 2020, we recognized no interest and penalty expense (benefit), and there was no accrued interest and penalty expense related to the unrecognized tax benefits as of December 31, 2022 and 2021.

DAC, VOBA, DSI and DFEL

DAC, VOBA, DSI and DFEL	12 Months Ended
	Dec. 31, 2022
DAC, VOBA, DSI and DFEL [Abstract]
DAC, VOBA, DSI and DFEL	7. DAC, VO BA, DSI and DFEL Changes in DAC (in millions) were as follows: As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Balance as of beginning-of-year $ 5,890 $ 5,565 $ 7,352 Cumulative effect from adoption of new accounting standard - - 5 Business acquired (sold) through reinsurance - ( 362 ) ( 10 ) Deferrals 1,372 1,372 1,446 Amortization, net of interest: Amortization, excluding unlocking, net of interest ( 814 ) ( 997 ) ( 796 ) Unlocking ( 210 ) ( 565 ) ( 231 ) Adjustment related to realized (gains) losses ( 128 ) 85 ( 19 ) Adjustment related to unrealized (gains) losses 6,648 792 ( 2,182 ) Balance as of end-of-year $ 12,758 $ 5,890 $ 5,565 Changes in VOBA (in millions) were as follows: For the Years Ended December 31, 2022 2021 2020 Balance as of beginning-of-year $ 193 $ 247 $ 342 Business acquired (sold) through reinsurance - ( 288 ) - Deferrals 2 - 3 Amortization: Amortization, excluding unlocking ( 75 ) ( 94 ) ( 105 ) Unlocking 60 ( 7 ) ( 205 ) Accretion of interest (1) 23 33 44 Adjustment related to realized (gains) losses ( 2 ) ( 3 ) - Adjustment related to unrealized (gains) losses 629 305 168 Balance as of end-of-year $ 830 $ 193 $ 247 (1) The interest accrual rates utilized to calculate the accretion of interest ranged from 4.2 % to 6.9 %. Estimated future amortization of VOBA, net of interest (in millions), as of December 31, 2022, was as follows: 2023 $ 33 2024 35 2025 34 2026 33 2027 31 Changes in DSI (in millions) were as follows: For the Years Ended December 31, 2022 2021 2020 Balance as of beginning-of-year $ 203 $ 213 $ 234 Deferrals 6 5 7 Amortization, net of interest: Amortization, excluding unlocking, net of interest ( 15 ) ( 26 ) ( 20 ) Unlocking 2 - ( 1 ) Adjustment related to realized (gains) losses ( 2 ) 3 ( 1 ) Adjustment related to unrealized (gains) losses 21 8 ( 6 ) Balance as of end-of-year $ 215 $ 203 $ 213 Changes in DFEL (in millions) were as follows: For the Years Ended December 31, 2022 2021 2020 Balance as of beginning-of-year $ 415 $ 401 $ 650 Cumulative effect from adoption of new accounting standard - - 4 Business acquired (sold) through reinsurance - ( 290 ) - Deferrals 1,083 1,015 1,003 Amortization, net of interest: Amortization, excluding unlocking, net of interest ( 565 ) ( 595 ) ( 538 ) Unlocking ( 49 ) ( 387 ) ( 275 ) Adjustment related to realized (gains) losses ( 35 ) ( 10 ) 25 Adjustment related to unrealized (gains) losses 4,820 281 ( 468 ) Balance as of end-of-year $ 5,669 $ 415 $ 401

Reinsurance

Reinsurance	12 Months Ended
	Dec. 31, 2022
Reinsurance [Abstract]
Reinsurance	8. Reins urance The following summarizes reinsurance amounts (in millions) recorded on the Consolidated Statements of Comprehensive Income (Loss), excluding amounts attributable to the indemnity reinsurance agreements with Protective and Swiss Re: As Restated For the For the For the Year Ended Year Ended Year Ended December 31, December 31, December 31, 2022 2021 2020 Direct insurance premiums and fee income $ 13,941 $ 14,172 $ 13,304 Reinsurance assumed 98 94 95 Reinsurance ceded ( 1,898 ) ( 1,744 ) ( 1,656 ) Total insurance premiums and fee income $ 12,141 $ 12,522 $ 11,743 Direct insurance benefits $ 15,065 $ 10,714 $ 10,630 Reinsurance recoveries ( 2,519 ) ( 2,185 ) ( 1,953 ) Total benefits $ 12,546 $ 8,529 $ 8,677 Our insurance companies cede insurance to other companies. The portion of our life insurance and annuity risks exceeding each of our insurance companies’ retention limit is reinsured with other insurers. We seek reinsurance coverage to limit our exposure to mortality losses and to enhance our capital management. Reinsurance does not discharge us from our primary obligation to contract holders for losses incurred under the policies we issue. We evaluate each reinsurance agreement to determine whether the agreement provides indemnification against loss or liability. As of December 31, 2022, the policy for our reinsurance program was to retain up to $ 20 million on a single insured life. As the amount we retain varies by policy, we reinsured 21 % of the mortality risk on newly issued life insurance contracts in 2022. Reinsurance Exposures We focus on obtaining reinsurance from a diverse group of reinsurers, and we monitor concentration as well as financial strength ratings of our reinsurers. Our amounts recoverable from reinsurers represent receivables from and reserves ceded to reinsurers. The amounts recoverable from reinsurers were $ 19.9 billion and $ 20.3 billion as of December 31, 2022 and 2021, respectively. Protective represents our largest reinsurance exposure following the sale of the individual life and individual and group annuity business acquired from Liberty Life Assurance Company of Boston in 2018, which resulted in amounts recoverable from Protective of $ 10.1 billion and $ 10.7 billion as of December 31, 2022 and 2021, respectively. Protective has funded trusts, of which the balance in the trusts changes as a result of ongoing reinsurance activity, to support the business ceded, which totaled $ 11.5 billion and $ 14.0 billion as of December 31, 2022 and 2021, respectively. Effective October 1, 2021, we entered into a reinsurance agreement with Resolution Life to reinsure liabilities under a block of in-force executive benefit and universal life policies. The agreement is structured as coinsurance for the general account reserves and modified coinsurance for the separate account reserves. Amounts recoverable from Resolution Life were $ 4.7 billion as of December 31, 2022 and 2021. Resolution Life has funded trusts, the balances of which change as a result of ongoing reinsurance activity to support the business ceded, that totaled $ 4.1 billion as of December 31, 2022 and 2021. We recognized a realized gain of $ 635 million in the fourth quarter of 2021 for the coinsurance portion of the transaction upon the transfer of a portfolio of assets to Resolution Life. Some portions of our annuity business have been reinsured on a modified coinsurance basis with other companies. In a modified coinsurance agreement, we as the ceding company retain the reserves, as well as the assets backing those reserves, and the reinsurer shares proportionally in all financial terms of the reinsured policies based on their respective percentage of the risk. Effective October 1, 2018, we entered into one such modified coinsurance agreement with Athene to reinsure fixed annuity products, which resulted in a deposit asset of $ 3.8 billion and $ 5.0 billion as of December 31, 2022 and 2021, respectively, within other assets on the Consolidated Balance Sheets. We held assets in support of reserves associated with the Athene transaction in a modified coinsurance investment portfolio, which consisted of the following (in millions): As of December 31, 2022 2021 Fixed maturity AFS securities $ 474 $ 744 Trading securities 2,644 3,399 Equity securities 60 54 Mortgage loans on real estate 487 739 Derivative investments 39 93 Other investments 42 227 Cash and invested cash 26 110 Accrued investment income 35 33 Other assets 2 5 Total $ 3,809 $ 5,404 The portfolio was supported by $ 105 million of over-collateralization and a $ 117 million letter of credit as of December 31, 2022. Additionally, we recorded a deferred gain on business sold through reinsurance related to the transaction with Athene and amortized $ 25 million, $ 26 million and $ 29 million of the gain during 2022, 2021 and 2020, respectively. See “Realized Gain (Loss)” in Note 15 for information on reinsurance-related embedded derivatives. Our reinsurance operations were acquired by Swiss Re in December 2001 through a series of indemnity reinsurance transactions. As such, Swiss Re reinsured certain liabilities and obligations under the indemnity reinsurance agreements. As we are not relieved of our liability to the ceding companies for this business, the liabilities and obligations associated with the reinsured policies remain on the Consolidated Balance Sheets with a corresponding reinsurance recoverable from Swiss Re, which totaled $ 1.1 billion as of December 31, 2022 and 2021. Swiss Re has funded a trust, with a balance of $ 710 million and $ 1.0 billion as of December 31, 2022 and 2021, respectively, to support this business. In addition to various remedies that we would have in the event of a default by Swiss Re, we continue to hold assets in support of certain of the transferred reserves. These assets consist of those reported as trading securities and certain mortgage loans. Credit Losses on Reinsurance-Related Assets In connection with our recognition of an allowance for credit losses for reinsurance-related assets, we perform a quantitative analysis using a probability of loss approach to estimate expected credit losses for reinsurance recoverables, inclusive of similar assets recognized using the deposit method of accounting. Our allowance for credit losses was $ 316 million and $ 190 million as of December 31, 2022 and 2021, respectively. The increase was attributable to updates to policyholder behavior assumptions that impacted ceded reserves.

Goodwill and Specifically Ident

Goodwill and Specifically Identifiable Intangible Assets	12 Months Ended
	Dec. 31, 2022
Goodwill and Specifically Identifiable Intangible Assets [Abstract]
Goodwill and Specifically Identifiable Intangible Assets	9. Goodwill and S pecifically Identifiable Intangible Assets The changes in the carrying amount of goodwill (in millions) by reportable segment were as follows: For the Year Ended December 31, 2022 Gross Accumulated Net Goodwill Impairment Goodwill Net as of as of as of Goodwill Beginning- Beginning- Beginning- as of End- of-Year of-Year of-Year Impairment of-Year Life Insurance $ 2,188 $ ( 1,554 ) $ 634 $ ( 634 ) $ - Annuities 1,040 ( 600 ) 440 - 440 Group Protection 684 - 684 - 684 Retirement Plan Services 20 - 20 - 20 Total goodwill $ 3,932 $ ( 2,154 ) $ 1,778 $ ( 634 ) $ 1,144 For the Year Ended December 31, 2021 Gross Accumulated Net Goodwill Impairment Goodwill Net as of as of as of Goodwill Beginning- Beginning- Beginning- as of End- of-Year of-Year of-Year Impairment of-Year Life Insurance $ 2,188 $ ( 1,554 ) $ 634 $ - $ 634 Annuities 1,040 ( 600 ) 440 - 440 Group Protection 684 - 684 - 684 Retirement Plan Services 20 - 20 - 20 Total goodwill $ 3,932 $ ( 2,154 ) $ 1,778 $ - $ 1,778 The fair values of our reporting units (Level 3 fair value estimates) are comprised of the value of in-force (i.e., existing) business and the value of new business. Specifically, new business is representative of cash flows and profitability associated with policies or contracts we expect to issue in the future, reflecting our forecasts of future sales volume and product mix over a 10 -year period. To determine the values of in-force and new business, we use a discounted cash flows technique that applies a discount rate reflecting the market expected, weighted-average rate of return adjusted for the risk factors associated with operations to the projected future cash flows for each reporting unit. As a result of the capital market environment during the third quarter of 2022, including (i) declining equity markets and (ii) the impact of rising interest rates on our discount rate assumption, we accelerated our quantitative goodwill impairment test for our Life Insurance reporting unit as we concluded that there were indicators of impairment. Based on this quantitative test, which included updating our best estimate assumptions therein, we incurred an impairment during the third quarter of 2022 of the Life Insurance reporting unit goodwill of $ 634 million, which represented a write-off of the entire balance of goodwill for the reporting unit. As of October 1, 2022, we performed our annual quantitative goodwill impairment test for our other reporting units, and, as of such date, the fair value was in excess of the carrying value for each of the Annuities, Group Protection and Retirement Plan Services reporting units. As of October 1, 2021, we performed our annual quantitative goodwill impairment test for all of our reporting units, and, as of such date, the fair value was in excess of each reporting unit’s carrying value. The gross carrying amounts and accumulated amortization (in millions) for each major specifically identifiable intangible asset class by reportable segment were as follows: As Restated As of December 31, 2022 As of December 31, 2021 Gross Gross Carrying Accumulated Carrying Accumulated Amount Amortization Amount Amortization Life Insurance: Sales force $ 100 $ 67 $ 100 $ 63 Group Protection: VOCRA 576 115 576 85 VODA 31 10 31 7 Retirement Plan Services: Mutual fund contract rights (1) 5 - 5 - Total $ 712 $ 192 $ 712 $ 155 (1) No amortization recorded as the intangible asset has indefinite life. Future estimated amortization of specifically identifiable intangible assets (in millions) as of December 31, 2022, was as follows: 2023 $ 37 2024 37 2025 37 2026 37 2027 37 Thereafter 330

Guaranteed Benefit Features

Guaranteed Benefit Features	12 Months Ended
	Dec. 31, 2022
Guaranteed Benefit Features [Abstract]
Guaranteed Benefit Features	10. Guaranteed Benef it Features The GDB features include those where we contractually guarantee to the contract holder either: return of no less than total deposits made to the contract less any partial withdrawals (“return of net deposits”); total deposits made to the contract less any partial withdrawals plus a minimum return (“minimum return”); or the highest contract value on any contract anniversary date through age 80. The highest contract value is increased by purchase payments and is decreased by withdrawals subsequent to that anniversary date. Information on the GDB features outstanding (dollars in millions) was as follows: As of December 31, 2022 (1) 2021 (1) Return of Net Deposits Total account value $ 94,297 $ 117,503 Net amount at risk (2) 1,376 84 Average attained age of contract holders 67 years 67 years Minimum Return Total account value $ 71 $ 102 Net amount at risk (2) 14 11 Average attained age of contract holders 79 years 79 years Guaranteed minimum return 5 % 5 % Anniversary Contract Value Total account value $ 21,730 $ 28,788 Net amount at risk (2) 3,699 400 Average attained age of contract holders 73 years 73 years (1) Our variable contracts with guarantees may offer more than one type of guarantee in each contract; therefore, the amounts listed are not mutually exclusive. (2) Represents the amount of death benefit in excess of the account value that is subject to market fluctuations. The determination of GDB liabilities is based on models that involve a range of scenarios and assumptions, including those regarding expected market rates of return and volatility, contract surrender rates and mortality experience. The following summarizes the balances of and changes in the liabilities for GDBs (in millions), which were recorded in future contract benefits on the Consolidated Balance Sheets: For the Years Ended December 31, 2022 2021 2020 Balance as of beginning-of-year $ 132 $ 121 $ 117 Changes in reserves 210 31 30 Benefits paid ( 58 ) ( 20 ) ( 26 ) Balance as of end-of-year $ 284 $ 132 $ 121 Variable Annuity Contracts Account values of variable annuity contracts, including those with guarantees, (in millions) were invested in separate account investment options as follows: As of December 31, 2022 2021 Asset Type Domestic equity $ 58,640 $ 77,290 International equity 15,959 21,223 Fixed income 35,982 45,231 Total $ 110,581 $ 143,744 Secondary Guarantee Products Future contract benefits and other contract holder funds include reserves for our secondary guarantee products sold through our Life Insurance segment. Reserves on UL and VUL products with secondary guarantees represented 40 % and 39 % of total life insurance in-force reserves as of December 31, 2022 and 2021, respectively.

Liability For Unpaid Claims

Liability For Unpaid Claims	12 Months Ended
	Dec. 31, 2022
Liability For Unpaid Claims [Abstract]
Liability For Unpaid Claims	11. Liabilit y for Unpaid Claims The liability for unpaid claims consists primarily of long-term disability claims and is reported in future contract benefits on the Consolidated Balance Sheets. Changes in the liability for unpaid claims (in millions) were as follows: For the Years Ended December 31, 2022 2021 2020 Balance as of beginning-of-year $ 6,280 $ 5,934 $ 5,552 Reinsurance recoverable 147 151 152 Net balance as of beginning-of-year 6,133 5,783 5,400 Incurred related to: Current year 3,875 4,026 3,517 Prior years: Interest 159 141 148 All other incurred (1) ( 190 ) ( 271 ) ( 209 ) Total incurred 3,844 3,896 3,456 Paid related to: Current year ( 1,951 ) ( 2,074 ) ( 1,707 ) Prior years ( 1,638 ) ( 1,472 ) ( 1,366 ) Total paid ( 3,589 ) ( 3,546 ) ( 3,073 ) Net balance as of end-of-year 6,388 6,133 5,783 Reinsurance recoverable 143 147 151 Balance as of end-of-year $ 6,531 $ 6,280 $ 5,934 (1) All other incurred is primarily impacted by the level of claim resolutions in the period compared to that which is expected by the reserve assumption. A negative number implies a favorable result where claim resolutions were more favorable than assumed. Our claim resolution rate assumption used in determining reserves is our expectation of the resolution rate we will experience over the long-term life of the block of claims. It will vary from actual experience in any one period, both favorably and unfavorably. The interest rate assumption used for discounting long-term claim reserves is an important part of the reserving process due to the long benefit period for these claims. Interest accrued on prior years’ reserves has been calculated on the opening reserve balance less one-half of the prior years’ incurred claim payments at our average reserve discount rate. Long-term disability benefits may extend for many years, and claim development schedules do not reflect these longer benefit periods. As a result, we use longer term retrospective runoff studies, experience studies and prospective studies to develop our liability estimates. Long-term disability reserves are discounted using rates ranging from 2.5 % to 5.0 % that vary by year of claim incurral.

Short-Term and Long-Term Debt

Short-Term and Long-Term Debt	12 Months Ended
	Dec. 31, 2022
Short-Term and Long-Term Debt [Abstract]
Short-Term and Long-Term Debt	12. Short-Term and Long -Term Debt Details underlying short-term and long-term debt (in millions) were as follows: As of December 31, 2022 2021 Short-Term Debt Current maturities of long-term debt $ 500 $ 300 Total short-term debt $ 500 $ 300 Long-Term Debt, Excluding Current Portion Senior notes: 4.00 % notes, due 2023 (1) $ - $ 500 3.35 % notes, due 2025 (1) 300 300 3.625 % notes, due 2026 (1) 400 400 3.80 % notes, due 2028 (1) 500 500 3.05 % notes, due 2030 (1) 500 500 3.40 % notes, due 2031 (1) 500 500 3.40 % notes, due 2032 (1) 300 - 6.15 % notes, due 2036 (1) 243 243 6.30 % notes, due 2037 (1)(2) 375 375 7.00 % notes, due 2040 (1)(2) 500 500 4.35 % notes, due 2048 (1) 450 450 4.375 % notes, due 2050 (1) 300 300 Total senior notes 4,368 4,568 Term loan due 2024 (3) 250 250 Subordinated notes: LIBOR + 236 bps, due 2066 (4) 562 562 LIBOR + 204 bps, due 2067 (4) 433 433 Total subordinated notes 995 995 Capital securities: LIBOR + 236 bps, due 2066 (4) 160 160 LIBOR + 204 bps, due 2067 (4) 58 58 Total capital securities 218 218 Unamortized premiums (discounts) ( 6 ) ( 6 ) Unamortized debt issuance costs ( 34 ) ( 35 ) Unamortized adjustments from discontinued hedges 341 356 Fair value hedge on interest rate swap agreements ( 177 ) ( 21 ) Total long-term debt $ 5,955 $ 6,325 (1) We have the option to repurchase the outstanding notes by paying the greater of 100 % of the principal amount of the notes to be redeemed or the make-whole amount (as defined in each note agreement), plus in each case any accrued and unpaid interest as of the date of redemption. (2) Categorized as operating debt for leverage ratio calculations as the proceeds were primarily used as a long-term structured solution to reduce the strain on increasing statutory reserves associated with secondary guarantee UL and term policies. (3) The term loan bears interest at LIBOR plus an applicable margin. The applicable margin changed from 87.5 basis points to 112.5 basis points on November 3, 2022. (4) To hedge the variability in rates, we purchased interest rate swaps to lock in a fixed rate of approximately 5 % over the remaining terms of the subordinated notes and capital securities . Details underlying the recognition of a gain (loss) on the modification or early extinguishment of debt (in millions) reported within interest expense on the Consolidated Statements of Comprehensive Income (Loss) were as follows: For the Years Ended December 31, 2022 2021 2020 Principal balance outstanding prior to modification or payoff (1) $ - $ 995 $ 796 Unamortized debt issuance costs and discounts - - ( 2 ) Amount exchanged or paid to modify or retire debt - ( 1,003 ) ( 809 ) Gain (loss) on modification or early extinguishment of debt, pre-tax $ - $ ( 8 ) $ ( 15 ) (1) During 2021, we completed the exchange of a portion of our outstanding capital securities for newly issued subordinated notes. In connection with the exchange offer, we solicited and received the requisite number of consents to amend the indentures governing the remaining outstanding capital securities to eliminate various terms and conditions and other provisions, including the covenant that required us to make interest payments in accordance with an alternative coupon satisfaction mechanism upon the occurrence of certain trigger events. During 2020, we redeemed our $ 296 million outstanding principal amount of 4.85 % senior notes due 2021 and repaid our $ 500 million LIBOR + 150 bps term loan due 2022. Future principal payments due on long-term debt (in millions) as of December 31, 2022, were as follows: 2023 $ 500 2024 250 2025 300 2026 400 2027 - Thereafter 4,881 Total $ 6,331 For our long-term debt outstanding, unsecured senior debt, which consists of senior notes and a term loan, ranks highest in priority, followed by subordinated notes and then capital securities. Facility Agreement for Senior Notes Issuance During August 2020, LNC entered into a 10 -year facility agreement (the “facility agreement”) with a Delaware trust in connection with the sale by the trust of $ 500 million of pre-capitalized trust securities in a private placement pursuant to Rule 144A of the Securities Act of 1933, as amended. The trust invested the proceeds from the sale of the trust securities in a portfolio of principal and interest strips of U.S. Treasury securities. The facility agreement provides LNC the right to issue and sell to the trust, on one or more occasions, up to an aggregate principal amount outstanding at any one time of $ 500 million of LNC’s 2.330 % senior notes due August 15, 2030 (“ 2.330 % senior notes”) in exchange for a corresponding amount of U.S. Treasury securities held by the trust. The 2.330 % senior notes will not be issued unless and until the issuance right is exercised. In return, LNC pays a semi-annual facility fee to the trust at a rate of 1.691 % per year (applied to the unexercised portion of the maximum amount of senior notes that LNC could issue and sell to the trust), and LNC reimburses the trust for its expenses. The issuance right will be exercised automatically in full upon our failure to make certain payments to the trust, such as paying the facility fee or reimbursing the trust for its expenses, if the failure to pay is not cured within 30 days, or upon certain bankruptcy events involving LNC. We are also required to exercise the issuance right in full if our consolidated stockholders’ equity (excluding AOCI) falls below a minimum threshold (which was $ 2.75 billion as of December 31, 2022, and is subject to adjustment from time to time in certain cases) and upon certain other events described in the facility agreement. Prior to any involuntary exercise of the issuance right, LNC has the right to repurchase any or all of the 2.330 % senior notes then held by the trust in exchange for U.S. Treasury securities. LNC may redeem any outstanding 2.330 % senior notes, in whole or in part, prior to their maturity. Prior to May 15, 2030, the redemption price will equal the greater of par or a make-whole redemption price. After May 15, 2030, any outstanding 2.330 % senior notes may be redeemed at par. Credit Facilities Credit facilities, which allow for borrowing or issuances of letters of credit (“LOCs”), (in millions) were as follows: As of December 31, 2022 Expiration Maximum LOCs Date Available Issued Credit Facilities Five-year revolving credit facility June 19, 2026 $ 2,500 $ 1,641 LOC facility (1) August 26, 2031 979 948 LOC facility (1) October 1, 2031 891 891 Total $ 4,370 $ 3,480 (1) Our wholly-owned subsidiaries entered into irrevocable LOC facility agreements with third-party lenders supporting inter-company reinsurance agreements. During June 2021, we entered into an amended and restated credit agreement with a syndicate of banks, which amended and restated our existing five-year revolving credit facility agreement. The credit facility, which is unsecured, allows for the issuance of LOCs and borrowing of up to $ 2.5 billion and has a commitment termination date of June 19, 2026. The LOCs under the credit facility are used primarily to satisfy reserve credit requirements of (i) our domestic insurance companies for which reserve credit is provided by our affiliated reinsurance companies and (ii) certain ceding companies of our legacy reinsurance business. The credit facility agreement, as currently in effect, contains:  Customary terms and conditions, including covenants restricting our ability to incur liens, merge or consolidate with another entity where we are not the surviving entity and dispose of all or substantially all of our assets;  Financial covenants including maintenance of a minimum consolidated net worth equal to the sum of $ 10.0 billion plus 50 % of the aggregate net proceeds of equity issuances received by us after December 1, 2022, all as more fully set forth in the agreement; and a debt-to-capital ratio as defined in accordance with the agreement not to exceed 0.35 to 1.00 ;  A cap on secured non-operating indebtedness and non-operating indebtedness of our subsidiaries equal to 7.5 % of total capitalization, as defined in accordance with the agreement; and  Customary events of default, subject to certain materiality thresholds and grace periods for certain of those events of default. Upon an event of default, the credit facility agreement, as currently in effect, provides that, among other things, the commitments may be terminated and the loans then outstanding may be declared due and payable. As of December 31, 2022, we were in compliance with all such covenants. Our LOC facility agreements each contain customary terms and conditions, including early termination fees, covenants restricting the ability of the subsidiaries to incur liens, merge or consolidate with another entity and dispose of all or substantially all of their assets. Upon an event of early termination, the agreements require the immediate payment of all or a portion of the present value of the future LOC fees that would have otherwise been paid. Further, the agreements contain customary events of default, subject to certain materiality thresholds and grace periods for certain of those events of default. The events of default include payment defaults, covenant defaults, material inaccuracies in representations and warranties, bankruptcy and liquidation proceedings and other customary defaults. Upon an event of default, the agreements provide that, among other things, obligations to issue, amend or increase the amount of any LOC shall be terminated and any obligations shall become immediately due and payable. As of December 31, 2022, we were in compliance with all such covenants. Shelf Registration We currently have an effective shelf registration statement, which allows us to issue, in unlimited amounts, securities, including debt securities, preferred stock, common stock, warrants, stock purchase contracts, stock purchase units and depository shares.

Contingencies And Commitments

Contingencies And Commitments	12 Months Ended
	Dec. 31, 2022
Contingencies And Commitments [Abstract]
Contingencies And Commitments	13. Contin gencies and Commitments Contingencies Reinsurance Disputes Certain reinsurers have sought rate increases on certain yearly renewable term agreements. We are disputing the requested rate increases under these agreements. We may initiate legal proceedings, as necessary, under these agreements in order to protect our contractual rights. Additionally, reinsurers have initiated, and may in the future initiate, legal proceedings against us. While this may impact the Life Insurance segment, we believe it is unlikely the outcome of these disputes would have a material impact on the consolidated financial statements. For more information about reinsurance, see Note 8. Regulatory and Litigation Matters Regulatory bodies, such as state insurance departments, the SEC, Financial Industry Regulatory Authority and other regulatory bodies regularly make inquiries and conduct examinations or investigations concerning our compliance with, among other things, insurance laws, securities laws, laws governing the activities of broker-dealers, registered investment advisers and unclaimed property laws. LNC is involved in various pending or threatened legal or regulatory proceedings, including purported class actions, arising from the conduct of business both in the ordinary course and otherwise. In some of the matters, very large and/or indeterminate amounts, including punitive and treble damages, are sought. Modern pleading practice in the U.S. permits considerable variation in the assertion of monetary damages or other relief. Jurisdictions may permit claimants not to specify the monetary damages sought or may permit claimants to state only that the amount sought is sufficient to invoke the jurisdiction of the trial court. In addition, jurisdictions may permit plaintiffs to allege monetary damages in amounts well exceeding verdicts obtained in the jurisdiction for similar matters. This variability in pleadings, together with the actual experiences of LNC in litigating or resolving through settlement numerous claims over an extended period of time, demonstrates to management that the monetary relief which may be specified in a lawsuit or claim bears little relevance to its merits or disposition value. Due to the unpredictable nature of litigation, the outcome of a litigation matter and the amount or range of potential loss at particular points in time is normally difficult to ascertain. Uncertainties can include how fact finders will evaluate documentary evidence and the credibility and effectiveness of witness testimony, and how trial and appellate courts will apply the law in the context of the pleadings or evidence presented, whether by motion practice, or at trial or on appeal. Disposition valuations are also subject to the uncertainty of how opposing parties and their counsel will themselves view the relevant evidence and applicable law. We establish liabilities for litigation and regulatory loss contingencies when information related to the loss contingencies shows both that it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. It is possible that some matters could require us to pay damages or make other expenditures or establish accruals in amounts that could not be estimated as of December 31, 2022. For some matters, the Company is able to estimate a reasonably possible range of loss. For such matters in which a loss is probable, an accrual has been made. For such matters where a loss is believed to be reasonably possible, but not probable, no accrual has been made. Accordingly, the estimate contained in this paragraph reflects two types of matters. For some matters included within this estimate, an accrual has been made, but there is a reasonable possibility that an exposure exists in excess of the amount accrued. In these cases, the estimate reflects the reasonably possible range of loss in excess of the accrued amount. For other matters included within this estimation, no accrual has been made because a loss, while potentially estimable, is believed to be reasonably possible but not probable. In these cases, the estimate reflects the reasonably possible loss or range of loss. As of December 31, 2022, we estimate the aggregate range of reasonably possible losses, including amounts in excess of amounts accrued for these matters as of such date, to be up to approximately $ 190 million, after-tax. Any estimate is not an indication of expected loss, if any, or of the Company’s maximum possible loss exposure on such matters. For other matters, we are not currently able to estimate the reasonably possible loss or range of loss. We are often unable to estimate the possible loss or range of loss until developments in such matters have provided sufficient information to support an assessment of the range of possible loss, such as quantification of a damage demand from plaintiffs, discovery from other parties and investigation of factual allegations, rulings by the court on motions or appeals, analysis by experts and the progress of settlement negotiations. On a quarterly and annual basis, we review relevant information with respect to litigation contingencies and update our accruals, disclosures and estimates of reasonably possible losses or ranges of loss based on such reviews. Among other matters, we are presently engaged in litigation, including relating to cost of insurance rates (“Cost of Insurance and Other Litigation”), as described below. No accrual has been made for some of these matters. Although a loss is believed to be reasonably possible for these matters, for some of these matters, we are not able to estimate a reasonably possible amount or range of potential liability. An adverse outcome in one or more of these matters may have a material impact on the consolidated financial statements, but, based on information currently known, management does not believe those cases are likely to have such an impact. Cost of Insurance and Other Litigation Cost of Insurance Litigation Glover v. Connecticut General Life Insurance Company and The Lincoln National Life Insurance Company , filed in the U.S. District Court for the District of Connecticut, No. 3:16-cv-00827, is a putative class action that was served on LNL on June 8, 2016. Plaintiff is the owner of a universal life insurance policy who alleges that LNL charged more for non-guaranteed cost of insurance than permitted by the policy. Plaintiff seeks to represent all universal life and variable universal life policyholders who owned policies containing non-guaranteed cost of insurance provisions that are similar to those of Plaintiff’s policy and seeks damages on behalf of all such policyholders. On January 11, 2019, the court dismissed Plaintiff’s complaint in its entirety. In response, Plaintiff filed a motion for leave to amend the complaint, which we have opposed. EFG Bank AG, Cayman Branch, et al. v. The Lincoln National Life Insurance Company , pending in the U.S. District Court for the Eastern District of Pennsylvania, No. 2:17-cv-02592, is a civil action filed on February 1, 2017. Plaintiffs own universal life insurance policies originally issued by Jefferson-Pilot (now LNL). Plaintiffs allege that LNL breached the terms of policyholders’ contracts when it increased non-guaranteed cost of insurance rates beginning in 2016. We are vigorously defending this matter. In re: Lincoln National COI Litigation , pending in the U.S. District Court for the Eastern District of Pennsylvania, Case No. 2:16-cv-06605-GJP, is a consolidated litigation matter related to multiple putative class action cases that were consolidated by an order dated March 20, 2017. Plaintiffs purport to own certain universal life insurance policies originally issued by Jefferson-Pilot (now LNL). Among other things, plaintiffs allege that LNL and LNC breached the terms of policyholders’ contracts by increasing non-guaranteed cost of insurance rates beginning in 2016. Plaintiffs sought to represent classes of policyowners and sought damages on their behalf. On August 9, 2022, the court denied plaintiffs’ motion for class certification. The parties participated in a mediation on December 13, 2022, and subsequently reached a settlement. On January 26, 2023, the parties informed the presiding judge of a class settlement in this action, subject to final documentation and court approval. The parties requested an extension of the current case schedule and indicated that plaintiffs anticipate filing a motion for preliminary approval of the class settlement on or before March 24, 2023. The terms of the provisional class settlement remain confidential. In re: Lincoln National 2017 COI Rate Litigation , pending in the U.S. District Court for the Eastern District of Pennsylvania, Case No. 2:17-cv-04150, is a consolidated litigation matter related to multiple putative class action cases that were consolidated by an order dated March 28, 2018. Plaintiffs purport to own certain universal life insurance policies originally issued by Jefferson-Pilot (now LNL). Among other things, plaintiffs allege that LNL and LNC breached the terms of policyholders’ contracts by increasing non-guaranteed cost of insurance rates beginning in 2017. Plaintiffs sought to represent classes of policyholders and sought damages on their behalf. On August 9, 2022, the court denied plaintiffs’ motion for class certification. The parties participated in a mediation on December 13, 2022, and subsequently reached a settlement. On January 26, 2023, the parties informed the presiding judge of a class settlement in this action, subject to final documentation and court approval. The parties requested an extension of the current case schedule and indicated that plaintiffs anticipate filing a motion for preliminary approval of the class settlement on or before March 24, 2023. The terms of the provisional class settlement remain confidential. Iwanski v. First Penn-Pacific Life Insurance Company (“FPP”), No. 2:18-cv-01573 filed in the U.S. District Court for the Eastern District of Pennsylvania is a putative class action that was filed on April 13, 2018. Plaintiff alleges that defendant FPP breached the terms of his life insurance policy by deducting non-guaranteed cost of insurance charges in excess of what is permitted by the policies. Plaintiff seeks to represent all owners of universal life insurance policies issued by FPP containing non-guaranteed cost of insurance provisions that are similar to those of Plaintiff’s policy and seeks damages on their behalf. Breach of contract is the only cause of action asserted. We are vigorously defending this matter. TVPX ARS INC., as Securities Intermediary for Consolidated Wealth Management, LTD. v. The Lincoln National Life Insurance Company , filed in the U.S. District Court for the Eastern District of Pennsylvania, No. 2:18-cv-02989, is a putative class action that was filed on July 17, 2018. Plaintiff alleges that LNL charged more for non-guaranteed cost of insurance than permitted by the policy. Plaintiff seeks to represent all universal life and variable universal life policyholders who own policies issued by LNL or its predecessors containing non-guaranteed cost of insurance provisions that are similar to those of Plaintiff’s policy and seeks damages on behalf of all such policyholders. We are vigorously defending this matter. LSH Co. and Wells Fargo Bank, National Association, as securities intermediary for LSH Co. v. Lincoln National Corporation and The Lincoln National Life Insurance Company , pending in the U.S. District Court for the Eastern District of Pennsylvania, No. 2:18-cv-05529, is a civil action filed on December 21, 2018. Plaintiffs own universal life insurance policies originally issued by Jefferson-Pilot (now LNL). Plaintiffs allege that LNL breached the terms of policyholders’ contracts when it increased non-guaranteed cost of insurance rates in 2016 and 2017. We are vigorously defending this matter. Vida Longevity Fund, LP v. Lincoln Life & Annuity Company of New York , pending in the U.S. District Court for the Southern District of New York, No. 1:19-cv-06004, is a putative class action that was filed on June 27, 2019. Plaintiff alleges that Lincoln Life & Annuity Company of New York (“LLANY”) charged more for non-guaranteed cost of insurance than was permitted by the policies. On March 31, 2022, the court issued an order granting plaintiff’s motion for class certification and certified a class of all current or former owners of six universal life insurance products issued by LLANY that were assessed a cost of insurance charge any time on or after June 27, 2013. Plaintiff seeks damages on behalf of the class. We are vigorously defending this matter. Angus v. The Lincoln National Life Insurance Company , pending in the U.S. District Court for the Eastern District of Pennsylvania, No. 2:22-cv-01878, is a putative class action filed on May 13, 2022. Plaintiff alleges that defendant LNL breached the terms of her life insurance policy by deducting non-guaranteed cost of insurance charges in excess of what is permitted by the policies. Plaintiff seeks to represent all owners of universal life insurance policies issued or insured by LNL or its predecessors containing non-guaranteed cost of insurance provisions that are similar to those of plaintiff’s policy and seeks damages on their behalf. Breach of contract is the only cause of action asserted. On August 26, 2022, LNL filed a motion to dismiss. We are vigorously defending this matter. Other Litigation Andrew Nitkewicz v. Lincoln Life & Annuity Company of New York, pending in the U.S. District Court for the Southern District of New York, No. 1:20-cv-06805, is a putative class action that was filed on August 24, 2020. Plaintiff Andrew Nitkewicz, as trustee of the Joan C. Lupe Trust, seeks to represent all current and former owners of universal life (including variable universal life) policies who own or owned policies issued by LLANY and its predecessors in interest that were in force at any time on or after June 27, 2013, and for which planned annual, semi-annual, or quarterly premiums were paid for any period beyond the end of the policy month of the insured’s death. Plaintiff alleges LLANY failed to refund unearned premium in violation of New York Insurance Law Section 3203(a)(2) in connection with the payment of death benefit claims for certain insurance policies. Plaintiff seeks compensatory damages and pre-judgment interest on behalf of the various classes and sub-class. On July 2, 2021, the court granted, with prejudice, LLANY’s November 2020 motion to dismiss this matter. Plaintiff filed a notice of appeal on July 28, 2021, and on September 26, 2022, the U.S. Court of Appeals for the Second Circuit reserved its decision and certified a question to the New York Court of Appeals. On October 20, 2022, the New York Court of Appeals accepted the question, and has set a briefing schedule. Commitments Leases As of December 31, 2022 and 2021, we had operating lease ROU assets of $ 140 million and $ 147 million, respectively, and associated lease liabilities of $ 152 million and $ 157 million, respectively. The weighted-average discount rate was 3.3 % and 2.6 %, respectively, and the weighted-average remaining lease term was five years as of December 31, 2022 and 2021. Operating lease expense for the years ended December 31, 2022, 2021 and 2020, was $ 45 million, $ 49 million and $ 50 million, respectively, and reported in commissions and other expenses on the Consolidated Statements of Comprehensive Income (Loss). As of December 31, 2022 and 2021, we had finance lease assets of $ 14 million and $ 37 million, respectively, and associated finance lease liabilities of $ 106 million and $ 175 million, respectively. The accumulated amortization associated with the finance lease assets was $ 458 million and $ 436 million as of December 31, 2022 and 2021, respectively. These assets will continue to be amortized on a straight-line basis over the assets’ remaining lives. The weighted-average discount rate was 2.9 % and 1.4 %, respectively, and the weighted-average remaining lease term was one year as of December 31, 2022 and 2021. Finance lease expense (in millions) was as follows: For the Years Ended December 31, 2022 2021 2020 Amortization of finance lease assets (1) $ 23 $ 38 $ 53 Interest on finance lease liabilities (2) 4 3 6 Total $ 27 $ 41 $ 59 (1) Amortization of finance lease assets is reported in commissions and other expenses on the Consolidated Statements of Comprehensive Income (Loss). (2) Interest on finance lease liabilities is reported in interest and debt expense on the Consolidated Statements of Comprehensive Income (Loss). The table below presents cash flow information (in millions) related to leases: For the Years Ended December 31, 2022 2021 2020 Supplemental Cash Flow Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 47 $ 47 $ 54 Financing cash flows from finance leases 74 62 53 Supplemental Non-Cash Information ROU assets obtained in exchange for new lease obligations: Operating leases $ 23 $ 8 $ 10 Our future minimum lease payments (in millions) under non-cancellable leases as of December 31, 2022, were as follows: Operating Finance Leases Leases 2023 $ 44 $ 82 2024 42 18 2025 38 7 2026 34 4 2027 18 - Thereafter 15 - Total future minimum lease payments 191 111 Less: Amount representing interest 39 5 Present value of minimum lease payments $ 152 $ 106 As of December 31, 2022, we had no leases that had not yet commenced. Certain Financing Arrangements We periodically enter into sale-leaseback arrangements that do not meet the criteria of a sale for accounting purposes. As such, we account for these transactions as financing arrangements. As of December 31, 2022 and 2021, we had $ 558 million and $ 375 million, respectively, of financing obligations reported within other liabilities on the Consolidated Balance Sheets. Future payments due on certain financing arrangements (in millions) as of December 31, 2022, were as follows: 2023 $ 43 2024 95 2025 127 2026 175 2027 191 Thereafter - Total future minimum lease payments 631 Less: Amount representing interest 73 Present value of minimum lease payments $ 558 Vulnerability from Concentrations As of December 31, 2022, we did not have a concentration of: business transactions with a particular customer or lender; sources of supply of labor or services used in the business; or a market or geographic area in which business is conducted that makes us vulnerable to an event that is at least reasonably possible to occur in the near term and which could cause a severe impact to our financial condition. For information on our investment and reinsurance concentrations, see Notes 4 and 8, respectively. Other Contingency Matters State guaranty funds assess insurance companies to cover losses to contract holders of insolvent or rehabilitated companies. Mandatory assessments may be partially recovered through a reduction in future premium taxes in some states. We have accrued for expected assessments and the related reductions in future state premium taxes, which net to assessments (recoveries) of $( 2 ) million and $( 6 ) million as of December 31, 2022 and 2021, respectively.

Shares and Stockholders' Equity

Shares and Stockholders' Equity	12 Months Ended
	Dec. 31, 2022
Shares and Stockholders' Equity [Abstract]
Shares and Stockholders' Equity	14. Shares and Stoc kholders’ Equity Preferred Shares Preferred shares authorized, issued and outstanding were as follows: As of December 31, 2022 2021 Shares Authorized Shares Issued Shares Outstanding Shares Authorized Shares Issued Shares Outstanding 9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C 20,000 20,000 20,000 - - - 9.000% Non-Cumulative Preferred Stock, Series D 20,000 20,000 20,000 - - - Not designated 9,960,000 - - 10,000,000 - - Total preferred shares 10,000,000 40,000 40,000 10,000,000 - - In November 2022, we issued 500,000 depositary shares (“Series C Depositary Shares”), each representing a 1/25 th interest in a share of our 9.250 % Fixed Rate Reset Non-Cumulative Preferred Stock, Series C liquidation preference $ 25,000 per share (the “Series C Preferred Stock”) and in the aggregate representing 20,000 shares of Series C Preferred Stock, for aggregate net cash proceeds of $ 493 million. Dividends, if declared, will be payable commencing on March 1, 2023, and will accrue and be payable on the first day of March and September each year, in arrears, at an annual rate of 9.250 % on the liquidation preference of $ 25,000 per share. From, and including March 1, 2028 (the first “reset date”), the annual rate will reset every five years at a rate equal to the five-year treasury rate as of the most recent reset dividend determination date plus 5.318 %. We may, at our option, redeem our Series C Preferred Stock in whole but not in part within 90 days after certain rating agency events, or a regulatory capital event, or in whole or in part, from time to time, during the three-month period prior to each reset date. We may, at our option, redeem the Series C Preferred Stock, (a) in whole but not in part within 90 days after the occurrence of a rating agency event at a redemption price equal to 102 % of the stated amount of a share of Series C Preferred Stock (initially, $ 25,500 per share of Series C Preferred Stock, equivalent to $ 1,020 per Depositary Share), plus an amount equal to any dividends per share that have accrued but not been declared and paid for the then-current dividend period to, but excluding, such redemption date; and (b)(i)in whole but not in part within 90 days after the occurrence of a regulatory capital event, or (ii) in whole or in part, from time to time, during the three-month period prior to March 1, 2028, and during the three-month period prior to each reset date thereafter in each case, at a redemption price equal to the stated amount of a share of Series C Preferred Stock (initially, $ 25,000 per share of Series C Preferred Stock, equivalent to $ 1,000 per Depositary Share), plus an amount equal to any dividends per share that have accrued but not been declared and paid for the then-current dividend period to, but excluding, such redemption date. In November 2022, we issued 20,000,000 depositary shares (“Series D Depositary Shares”), each representing a 1/1000 th interest in a share of our 9.000 % Series D, Non-Cumulative Preferred Stock, liquidation preference $ 25,000 per share (the “Series D Preferred Stock”) and in the aggregate representing 20,000 shares of Series D Preferred Stock, for aggregate net cash proceeds of $ 493 million. Dividends, if declared, will be payable commencing on March 1, 2023, and will accrue and be payable quarterly on the first day of March, June, September, and December each year, in arrears, at an annual rate of 9.000 %. We may, at our option, redeem our Series D Preferred Stock in whole but not in part within 90 days after certain rating agency events, or a regulatory capital event, or in whole or in part, at any time or from time to time, on or after December 1, 2027. We may, at our option, redeem the Series D Preferred Stock, (a) in whole but not in part, at any time prior to December 1, 2027, within 90 days after the occurrence of a rating agency event at a redemption price equal to 102 % of the stated amount of a share of Series D Preferred Stock (initially, $ 25,500 per share of Series D Preferred Stock, equivalent to $ 25.50 per Depositary Share), plus an amount equal to any dividends per share that have accrued but not been declared and paid for the then-current dividend period to, but excluding, such redemption date, and (b)(i) in whole but not in part, at any time prior to December 1, 2027, within 90 days after the occurrence of a regulatory capital event; or (ii) in whole or in part, at any time or from time to time on or after December 1, 2027, in each case, at a redemption price equal to the stated amount of a share of Series D Preferred Stock (initially, $ 25,000 per share of Series D Preferred Stock, equivalent to $ 25.00 per Depositary Share), plus an amount equal to any dividends per share that have accrued but not been declared and paid for the then-current dividend period to, but excluding, such redemption date. The Series C Preferred Stock and the Series D Preferred Stock (together, the “Preferred Stock”) rank equally with each other for liquidation preference. The Preferred Stock is senior to our common stock with respect to the payment of dividends, if declared, and distributions of assets upon any liquidation, dissolution or winding-up of the Company. The ability of the Company to declare or pay dividends on, or purchase, redeem or otherwise acquire, shares of its common stock or any shares of the Company that rank junior to, or on parity with, the Preferred Stock is subject to certain restrictions in the event that we do not declare and pay (or set aside) dividends on the Preferred Stock for the last preceding dividend period. Except as otherwise provided by law, every holder of Preferred Stock will have the right at every shareholders’ meeting to one vote for each share of Preferred Stock held in their name as of the record date for such meeting. In addition, at any time when six or more quarterly dividends, whether or not consecutive, on one or more series of the Preferred Stock is in default, the holders of all preferred stock at the time or times outstanding as to which such default shall exist shall have certain voting rights with respect to the election of additional directors to the Company’s Board of Directors, as provided in the Certificate of Designations for each series of Preferred Stock. Each share of Preferred Stock is perpetual and has no maturity date. The Preferred Stock is not convertible into, or exchangeable for, any other class or series of stock or other securities of the Company or its subsidiaries and is not subject to any mandatory redemption, sinking fund, retirement fund, purchase fund, or other similar provisions. Our Series C and D Preferred Stock are without par value. Common Shares The changes in our common stock (number of shares) were as follows: For the Years Ended December 31, 2022 2021 2020 Common Stock Balance as of beginning-of-year 177,193,515 192,329,691 196,668,532 Stock compensation/issued for benefit plans 692,491 1,106,572 547,209 Retirement/cancellation of shares ( 8,665,495 ) ( 16,242,748 ) ( 4,886,050 ) Balance as of end-of-year 169,220,511 177,193,515 192,329,691 Common Stock as of End-of-Year Basic basis 169,220,511 177,193,515 192,329,691 Diluted basis 170,483,323 179,229,110 193,672,296 Average Common Shares A reconciliation of the denominator (number of shares) in the calculations of basic and diluted earnings (loss) per common share was as follows: For the Years Ended December 31, 2022 2021 2020 Weighted-average shares, as used in basic calculation 171,034,695 187,359,884 193,610,225 Shares to cover non-vested stock 968,005 1,357,245 687,240 Average stock options outstanding during the year 989,123 1,844,117 746,742 options (at average market price for the year) ( 783,232 ) ( 1,419,165 ) ( 576,582 ) Shares repurchasable from measured but unrecognized stock option expense ( 21,006 ) ( 43,314 ) ( 2,445 ) Average deferred compensation shares 512,570 - - Weighted-average shares, as used in diluted calculation (1) 172,700,155 189,098,767 194,465,180 (1) Due to reporting a net loss for the year ended December 31, 2022, basic shares were used in the diluted EPS calculation for this year as the use of diluted shares would have resulted in a lower loss per share. In the event the average market price of LNC common stock exceeds the issue price of stock options and the options have a dilutive effect to our EPS, such options will be shown in the table above. We have participants in our deferred compensation plans who selected LNC stock as the measure for the investment return attributable to all or a portion of their deferral amounts. This obligation is settled in either cash or LNC stock pursuant to the applicable plan document. We exclude deferred units of LNC stock that are antidilutive from our diluted EPS calculation. The mark-to-market adjustment of these deferred units excluded from our diluted EPS calculation was $ 13 million for the year ended December 31, 2022. Our common stock is without par value. AOCI The following summarizes the components and changes in AOCI (in millions): As Restated For the For the For the Year Ended Year Ended Year Ended December 31, December 31, December 31, 2022 2021 2020 Unrealized Gain (Loss) on Fixed Maturity AFS Securities and Certain Other Investments Balance as of beginning-of-year $ 6,777 $ 9,611 $ 5,983 Cumulative effect from adoption of new accounting standards - - 45 Unrealized holding gains (losses) arising during the year ( 25,552 ) ( 4,669 ) 7,925 Change in foreign currency exchange rate adjustment ( 322 ) ( 145 ) 180 Change in DAC, VOBA, DSI, future contract benefits and other contract holder funds 7,369 1,815 ( 3,569 ) Income tax benefit (expense) 3,955 641 ( 970 ) Less: Reclassification adjustment for gains (losses) included in net income (loss) ( 15 ) 626 ( 53 ) Associated amortization of DAC, VOBA, DSI and DFEL ( 12 ) ( 24 ) 32 Income tax benefit (expense) 6 ( 126 ) 4 Balance as of end-of-year $ ( 7,752 ) $ 6,777 $ 9,611 Unrealized OTTI on Fixed Maturity AFS Securities Balance as of beginning-of-year $ - $ - $ 45 (Increases) attributable to: Cumulative effect from adoption of new accounting standards - - ( 45 ) Balance as of end-of-year $ - $ - $ - Unrealized Gain (Loss) on Derivative Instruments Balance as of beginning-of-year $ ( 103 ) $ ( 402 ) $ ( 11 ) Unrealized holding gains (losses) arising during the year 378 246 ( 257 ) Change in foreign currency exchange rate adjustment 312 152 ( 174 ) Change in DAC, VOBA, DSI and DFEL 27 8 ( 17 ) Income tax benefit (expense) ( 150 ) ( 87 ) 94 Less: Reclassification adjustment for gains (losses) included in net income (loss) 92 26 48 Associated amortization of DAC, VOBA, DSI and DFEL ( 6 ) ( 1 ) ( 1 ) Income tax benefit (expense) ( 18 ) ( 5 ) ( 10 ) Balance as of end-of-year $ 396 $ ( 103 ) $ ( 402 ) Foreign Currency Translation Adjustment Balance as of beginning-of-year $ ( 14 ) $ ( 12 ) $ ( 17 ) Foreign currency translation adjustment arising during the year ( 20 ) ( 2 ) 5 Balance as of end-of-year $ ( 34 ) $ ( 14 ) $ ( 12 ) Funded Status of Employee Benefit Plans Balance as of beginning-of-year $ ( 219 ) $ ( 266 ) $ ( 327 ) Adjustment arising during the year ( 74 ) 56 74 Income tax benefit (expense) 15 ( 9 ) ( 13 ) Balance as of end-of-year $ ( 278 ) $ ( 219 ) $ ( 266 ) The following summarizes the reclassifications out of AOCI (in millions) and the associated line item in the Consolidated Statements of Comprehensive Income (Loss): As Restated For the For the For the Year Ended Year Ended Year Ended December 31, December 31, December 31, 2022 2021 2020 Unrealized Gain (Loss) on Fixed Maturity AFS Securities and Certain Other Investments Gross reclassification $ ( 15 ) $ 626 $ ( 53 ) Realized gain (loss) Associated amortization of DAC, VOBA, DSI and DFEL ( 12 ) ( 24 ) 32 Realized gain (loss) Reclassification before income tax benefit (expense) ( 27 ) 602 ( 21 ) Income (loss) before taxes Income tax benefit (expense) 6 ( 126 ) 4 Federal income tax expense (benefit) Reclassification, net of income tax $ ( 21 ) $ 476 $ ( 17 ) Net income (loss) Unrealized Gain (Loss) on Derivative Instruments Gross reclassifications: Interest rate contracts $ 2 $ 3 $ 2 Net investment income Interest rate contracts ( 11 ) ( 23 ) ( 16 ) Interest and debt expense Foreign currency contracts 62 48 56 Net investment income Foreign currency contracts 39 ( 2 ) 6 Realized gain (loss) Total gross reclassifications 92 26 48 Associated amortization of DAC, Commissions and other VOBA, DSI and DFEL ( 6 ) ( 1 ) ( 1 ) expenses Reclassifications before income tax benefit (expense) 86 25 47 Income (loss) before taxes Income tax benefit (expense) ( 18 ) ( 5 ) ( 10 ) Federal income tax expense (benefit) Reclassifications, net of income tax $ 68 $ 20 $ 37 Net income (loss)

Realized Gain (Loss)

Realized Gain (Loss)	12 Months Ended
	Dec. 31, 2022
Realized Gain (Loss) [Abstract]
Realized Gain (Loss)	15. Realized Gai n (Loss) Details underlying realized gain (loss) (in millions) reported on the Consolidated Statements of Comprehensive Income (Loss) were as follows: As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Fixed maturity AFS securities: Gross gains $ 38 $ 663 $ 31 Gross losses ( 53 ) ( 37 ) ( 84 ) Credit loss benefit (expense) (1) ( 15 ) ( 11 ) ( 26 ) Realized gain (loss) on equity securities (2) 15 44 8 Credit loss benefit (expense) on mortgage loans on real estate ( 3 ) 112 ( 117 ) Credit loss benefit (expense) on reinsurance-related assets (3) ( 126 ) 2 - Realized gain (loss) on the mark-to-market on certain instruments (4)(5) 37 63 26 Other gain (loss) on investments ( 35 ) - ( 7 ) Associated amortization of DAC, VOBA, DSI and DFEL and changes in other contract holder funds ( 18 ) ( 25 ) 31 Total realized gain (loss) related to financial instruments and reinsurance-related assets ( 160 ) 811 ( 138 ) Indexed annuity and IUL contracts net derivative results: (6) Gross gain (loss) 74 22 37 Associated amortization of DAC, VOBA, DSI and DFEL ( 56 ) 4 ( 25 ) Variable annuity net derivative results: (7) Gross gain (loss) 526 ( 513 ) ( 367 ) Associated amortization of DAC, VOBA, DSI and DFEL ( 39 ) 90 ( 20 ) Total realized gain (loss) $ 345 $ 414 $ ( 513 ) (1) Includes changes in the allowance for credit losses as well as direct write-downs to amortized cost as a result of negative credit events. (2) Includes mark-to-market adjustments on equity securities still held of $ 10 million, $ 47 million (as restated) and $ 8 million for the years ended December 31, 2022, 2021 and 2020, respectively. (3) See Note 8 for information on credit losses on reinsurance-related assets. (4) Represents changes in the fair values of certain derivative investments (not including those associated with our variable and indexed annuity and IUL contracts net derivative results), reinsurance-related embedded derivatives, mortgage loans on real estate accounted for under the fair value option and trading securities. See Notes 1 and 8 for information regarding modified coinsurance . (5) Includes gains and losses from fair value changes on mortgage loans on real estate accounted for under the fair value option of $( 24 ) million, $ 3 million and $( 24 ) million for the years ended December 31, 2022, 2021 and 2020, respectively. (6) Represents the net difference between the change in fair value of the index options that we hold and the change in the fair value of the embedded derivative liabilities of our indexed annuity and IUL contracts along with changes in the fair value of embedded derivative liabilities related to index options we may purchase or sell in the future to hedge contract holder index allocations applicable to future reset periods for our indexed annuity products. (7) Includes the net difference in the change in embedded derivative reserves of our GLB riders and the change in the fair value of the derivative instruments we own to hedge the change in embedded derivative reserves on our GLB riders and the benefit ratio unlocking on our GLB and GDB riders, including the cost of purchasing the hedging instruments.

Commissions and Other Expenses

Commissions and Other Expenses	12 Months Ended
	Dec. 31, 2022
Commissions And Other Expenses [Abstract]
Commissions and Other Expenses	16. Commissions and O ther Expenses Details underlying commissions and other expenses (in millions) were as follows: As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Commissions $ 2,190 $ 2,223 $ 2,183 General and administrative expenses 2,241 2,251 2,072 Expenses associated with reserve financing and LOCs 108 102 94 DAC and VOBA deferrals and interest, net of amortization ( 358 ) 258 ( 156 ) Broker-dealer expenses 536 570 493 Specifically identifiable intangible asset amortization 37 37 37 Taxes, licenses and fees 342 339 321 Transaction and integration costs related to mergers, acquisitions and divestitures - 14 20 Total $ 5,096 $ 5,794 $ 5,064

Retirement and Deferred Compens

Retirement and Deferred Compensation Plans	12 Months Ended
	Dec. 31, 2022
Retirement and Deferred Compensation Plans [Abstract]
Retirement and Deferred Compensation Plans	17. Retirement and Deferre d Compensation Plans Defined Benefit Pension and Other Postretirement Benefit Plans We maintain U.S. defined benefit pension plans in which certain U.S. employees and agents are participants, and a U.K. plan we retained after the sale of the Lincoln UK business. Our defined benefit pension plans are closed to new entrants and existing participants do not accrue any additional benefits. We comply with the minimum funding requirements in both the U.S. and the U.K. In accordance with such practice, we were not required to make contributions for the years ended December 31, 2022 and 2021. We do not expect to be required to make any contributions to these pension plans in 2023. We sponsor other postretirement benefit plans that provide health care and life insurance to certain retired employees and agents. Total net periodic cost (recovery) for these plans was $( 41 ) million, $( 41 ) million and $( 11 ) million during 2022, 2021 and 2020, respectively, which was reported within commissions and other expenses on the Consolidated Statements of Comprehensive Income (Loss). In 2023, we expect the plans to make benefit payments of approximately $ 100 million. Information (in millions) with respect to these plans was as follows: As of or For the Years Ended December 31, 2022 2021 2022 2021 Other Postretirement Pension Plans Benefit Plans Fair value of plan assets $ 1,126 $ 1,667 $ 71 $ 67 Projected benefit obligation 1,126 1,595 44 79 Funded status $ - $ 72 $ 27 $ ( 12 ) Amounts Recognized on the Consolidated Balance Sheets Other assets $ 91 $ 182 $ 27 $ - Other liabilities ( 91 ) ( 110 ) - ( 12 ) Net amount recognized $ - $ 72 $ 27 $ ( 12 ) Weighted-Average Assumptions Benefit obligations: Weighted-average discount rate 5.49 % 2.76 % 5.70 % 3.10 % Net periodic benefit cost: Weighted-average discount rate 2.81 % 2.61 % 3.73 % 2.96 % Expected return on plan assets 5.67 % 6.13 % 6.50 % 6.50 % The weighted average discount rate was determined based on a corporate yield curve as of December 31, 2022, and projected benefit obligation cash flows. The expected return on plan assets was determined based on historical and expected future returns of the various asset categories, using the plans’ target plan allocation. We reevaluate these assumptions each plan year. The following summarizes our fair value measurements of our benefit plans’ assets (in millions) on a recurring basis by asset category: As of December 31, 2022 2021 Fixed maturity securities: Corporate bonds $ 292 $ 452 U.S. government bonds 196 228 Foreign government bonds 128 191 State and municipal bonds 22 28 Limited partnerships and common and preferred stock 353 527 Bulk annuity insurance policy 89 150 Cash and invested cash 46 91 Other investments 71 67 Total $ 1,197 $ 1,734 Defined Contribution Plans We sponsor tax-qualified defined contribution plans for eligible employees and agents. We administer these plans in accordance with the plan documents and various limitations under section 401(a) of the Internal Revenue Code of 1986. For the years ended December 31, 2022, 2021 and 2020, expenses for these plans were $ 102 million, $ 107 million and $ 100 million, respectively. Deferred Compensation Plans We sponsor non-qualified, unfunded, deferred compensation plans for certain current and former employees, agents and non-employee directors. The results of certain notional investment options within some of the plans are hedged by total return swaps. Our expenses increase or decrease in direct proportion to the change in market value of the participants’ investment options. Participants of certain plans are able to select our stock as a notional investment option; however, it is not hedged by the total return swaps and is a primary source of expense volatility related to these plans. For the years ended December 31, 2022, 2021 and 2020, expenses for these plans were $( 4 ) million, $ 32 million and $ 35 million, respectively. For further discussion of total return swaps related to our deferred compensation plans, see Note 5. Information (in millions) with respect to these plans was as follows: As of December 31, 2022 2021 Total liabilities (1) $ 686 $ 841 Investments dedicated to fund liabilities (2) 206 254 (1) Reported in other liabilities on the Consolidated Balance Sheets. (2) Reported in other assets on the Consolidated Balance Sheets.

Stock-Based Incentive Compensat

Stock-Based Incentive Compensation Plans	12 Months Ended
	Dec. 31, 2022
Stock-Based Incentive Compensation Plans [Abstract]
Stock-Based Incentive Compensation Plans	18. Stock-Based Incentive Compensation Plans We sponsor stock-based incentive compensation plans for our employees and directors and for the employees and agents of our subsidiaries that provide for the issuance of stock options, performance shares and restricted stock units (“RSUs”), among other types of awards. We issue new shares to satisfy option exercises and vested performance shares and RSUs. Total compensation expense (in millions) by award type for our stock-based incentive compensation plans was as follows: For the Years Ended December 31, 2022 2021 2020 Stock options $ 6 $ 8 $ 10 Performance shares 10 18 5 RSUs 35 35 36 Total $ 51 $ 61 $ 51 Recognized tax benefit $ 11 $ 13 $ 11 Total unrecognized compensation expense (in millions) and expected weighted-average life (in years) by award type for our stock-based incentive compensation plans was as follows: For the Years Ended December 31, 2022 2021 2020 Weighted- Weighted- Weighted- Average Average Average Expense Period Expense Period Expense Period Stock options $ 11 0.8 $ 8 0.7 $ 8 0.7 Performance shares 19 1.2 14 1.2 14 1.3 RSUs 55 1.4 43 1.4 37 1.2 Total unrecognized stock-based incentive compensation expense $ 85 $ 65 $ 59 Stock Options The option price assumptions used for our stock option awards were as follows: For the Years Ended December 31, 2022 2021 2020 Weighted-average fair value per option granted $ 18.13 $ 17.26 $ 12.25 Weighted-average assumptions: Dividend yield 3.2 % 3.0 % 3.0 % Expected volatility 44.4 % 45.0 % 30.1 % Risk-free interest rate (1) 1.9 - 3.8 % 0.6 - 1.0 % 0.3 - 1.4 % Expected life (in years) 5.8 5.8 5.8 (1) Risk-free interest rate expressed as a range and not a weighted average. The fair value of options is determined using a Black-Scholes options valuation model with the assumptions disclosed in the table above. The dividend yield is based on the expected dividend rate during the expected life of the option. Expected volatility is based on the implied volatility of exchange-traded securities and the historical volatility of the LNC stock price. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of the grant. The expected life of the options granted represents the weighted-average period of time from the grant date to the date of exercise, expiration or cancellation based upon historical behavior. Generally, stock options have a maximum contractual term of ten years and vest ratably over a three year period based solely on a service condition. Information with respect to our incentive plans involving stock options with service conditions (aggregate intrinsic value shown in millions) was as follows: Weighted- Weighted- Average Average Remaining Aggregate Exercise Contractual Intrinsic Shares Price Term Value Outstanding as of December 31, 2021 3,011,536 $ 59.23 Granted 593,609 55.10 Exercised ( 38,374 ) 54.76 Forfeited or expired ( 170,232 ) 63.19 Outstanding as of December 31, 2022 3,396,539 $ 58.36 6.09 $ - Vested or expected to vest as of December 31, 2022 (1) 3,238,301 $ 58.49 5.97 $ - Exercisable as of December 31, 2022 2,476,028 $ 59.47 5.05 $ - (1) Includes estimated forfeitures. The total fair value of stock options with service conditions that vested during the years ended December 31, 2022, 2021 and 2020 was $ 8 million, $ 8 million and $ 8 million, respectively. The total intrinsic value of such options exercised during the years ended December 31, 2022, 2021 and 2020, was $ 1 million, $ 15 million and $ 3 million, respectively. We award to certain agents stock options that have a maximum contractual term of five years and generally vest ratably over a two year period depending on the satisfaction of the performance conditions. Information with respect to our incentive plans involving stock options with performance conditions (aggregate intrinsic value shown in millions) was as follows: Weighted- Weighted- Average Average Remaining Aggregate Exercise Contractual Intrinsic Shares Price Term Value Outstanding as of December 31, 2021 166,278 $ 58.88 Granted 33,435 60.58 Exercised ( 29,931 ) 63.59 Forfeited or expired ( 48,385 ) 60.49 Outstanding as of December 31, 2022 121,397 $ 57.55 2.36 $ - Vested or expected to vest as of December 31, 2022 (1) 114,310 $ 57.34 2.26 $ - Exercisable as of December 31, 2022 97,773 $ 56.72 1.99 $ - (1) Includes estimated forfeitures. The total fair value of stock options with performance conditions that vested during the years ended December 31, 2022, 2021 and 2020, was $ 1 million, less than $ 1 million and less than $ 1 million, respectively. The total intrinsic value of such options exercised during the years ended December 31, 2022, 2021 and 2020, was less than $ 1 million, $ 1 million and less than $ 1 million, respectively. Performance Shares LNC performance shares vest, if at all, after the conclusion of the three-year performance period and certification of performance results by the Compensation Committee, and, generally, on the third anniversary of the grant date. Depending on the achievement level of performance measures pre-determined by the Compensation Committee for the three-year performance period, payouts could range from 0% to 200% of the target award for performance shares granted prior to 2021, 0% to 240% of the target award for performance shares granted in 2021 and 0% to 232% of the target award for performance shares granted in 2022. Dividend equivalents accrue with respect to unvested performance shares when and as cash dividends are paid on the Company’s common stock and vest if and to the extent that the underlying performance shares vest. Performance share information in the table below includes dividend equivalents credited on unvested performance share awards at target. Information with respect to our performance shares was as follows: Weighted- Average Grant-Date Shares Fair Value Outstanding as of December 31, 2021 (1) 630,670 $ 63.16 Granted 374,128 69.37 Vested ( 185,194 ) 66.89 Forfeited ( 72,756 ) 69.97 Performance adjustment (2) 20,580 66.89 Outstanding as of December 31, 2022 (1) 767,428 $ 64.61 (1) Represents target award amounts. (2) Represents the difference between the target shares granted and the actual shares vested based upon the achievement level of performance measures. RSUs LNC RSUs generally cliff vest on the third anniversary of the grant date, based solely on a service condition. Dividend equivalents accrue with respect to unvested RSUs when and as cash dividends are paid on the Company’s common stock and vest if and when the underlying RSUs vest. RSU information in the table below includes dividend equivalents credited on unvested RSU awards. Information with respect to our RSUs was as follows: Weighted- Average Grant-Date Shares Fair Value Outstanding as of December 31, 2021 1,870,556 $ 59.78 Granted 938,181 65.53 Vested ( 713,247 ) 62.53 Forfeited ( 156,341 ) 62.27 Outstanding as of December 31, 2022 1,939,149 $ 61.26

Statutory Information and Restr

Statutory Information and Restrictions	12 Months Ended
	Dec. 31, 2022
Statutory Information and Restrictions [Abstract]
Statutory Information and Restrictions	19. Statutory Infor mation and Restrictions The Company’s domestic life insurance subsidiaries prepare financial statements in accordance with statutory accounting principles (“SAP”) prescribed or permitted by the insurance departments of their states of domicile, which may vary materially from GAAP. Prescribed SAP includes the Accounting Practices and Procedures Manual of the National Association of Insurance Commissioners (“NAIC”) as well as state laws, regulations and administrative rules. Permitted SAP encompasses all accounting practices not so prescribed. The principal differences between statutory financial statements and financial statements prepared in accordance with GAAP are that statutory financial statements do not reflect DAC, some bond portfolios may be carried at amortized cost, assets and liabilities are presented net of reinsurance, contract holder liabilities are generally valued using more conservative assumptions and certain assets are non-admitted. Our insurance subsidiaries are subject to the applicable laws and regulations of their respective states of domicile. Changes in these laws and regulations could change capital levels or capital requirements for our insurance subsidiaries. Statutory capital and surplus, net gain (loss) from operations, after-tax, net income (loss) and dividends to the LNC holding company amounts (in millions) below consist of all or a combination of the following entities: LNL, LLANY, FPP, Lincoln Reinsurance Company of South Carolina, Lincoln Reinsurance Company of Vermont I, Lincoln Reinsurance Company of Vermont III, Lincoln Reinsurance Company of Vermont IV, Lincoln Reinsurance Company of Vermont V, Lincoln Reinsurance Company of Vermont VI and Lincoln Reinsurance Company of Vermont VII. As of December 31, 2022 2021 U.S. capital and surplus $ 8,624 $ 8,773 For the Years Ended December 31, 2022 2021 2020 U.S. net gain (loss) from operations, after-tax $ 1,730 $ ( 1,262 ) $ ( 271 ) U.S. net income (loss) 1,991 ( 547 ) 29 U.S. dividends to LNC holding company 667 1,955 660 State Prescribed and Permitted Practices The states of domicile of the Company’s insurance subsidiaries have adopted certain prescribed or permitted accounting practices that differ from those found in NAIC SAP. These prescribed practices are the calculation of reserves on universal life policies based on the Indiana universal life method as prescribed by the state of Indiana for policies issued before January 1, 2006, the use of a more conservative valuation interest rate on certain annuities prescribed by the states of Indiana and New York. Also, the state of New York prescribes use of the continuous Commissioners’ Annuity Reserve Valuation Method in the calculation of reserves and use of minimum reserve methods and assumptions for variable annuity and individual life insurance contracts that may be more conservative than those required by NAIC SAP. The statutory permitted practices allow accounting for certain derivative assets at amortized cost and allow determining certain indexed annuity and indexed universal life statutory reserve calculations with the assumption that the market value of the related liability call option(s) associated with the current index term is zero. At the conclusion of the index term, credited interest is reflected in the reserve as realized, based on actual index performance. The statutory accounting practices also allow accounting for certain group fixed annuity assets at general account values. The Vermont reinsurance subsidiaries also have certain accounting practices permitted by the state of Vermont that differ from those found in NAIC SAP. One permitted practice involves accounting for the lesser of the face amount of all amounts outstanding under an LOC and the value of the Valuation of Life Insurance Policies Model Regulation (“XXX”) additional statutory reserves as an admitted asset and a form of surplus as of December 31, 2022 and 2021. Another permitted practice involves the acquisition of an LLC note in exchange for a variable value surplus note that is recognized as an admitted asset and a form of surplus as of December 31, 2022 and 2021. Lastly, the state of Vermont has permitted a practice to account for certain excess of loss reinsurance agreements with unaffiliated reinsurers as an asset and form of surplus as of December 31, 2022 and 2021. These permitted practices are related to structures that continue to be allowed in accordance with the grandfathered structures under the provisions of Actuarial Guideline 48 (“AG48”) or are compliant under AG48 requirements. The favorable (unfavorable) effects on statutory surplus compared to NAIC statutory surplus from the use of these prescribed and permitted practices (in millions) were as follows: As of December 31, 2022 2021 State Prescribed Practices Calculation of reserves using the Indiana universal life method $ 3 $ 6 Conservative valuation rate on certain annuities ( 36 ) ( 40 ) Calculation of reserves using continuous CARVM ( 1 ) - Conservative Reg 213 reserves on variable annuity and individual life contracts ( 37 ) ( 27 ) State Permitted Practice Derivative instruments and equity indexed reserves 14 ( 113 ) Assets in group fixed annuity contracts held at general account values 436 - Vermont Subsidiaries Permitted Practices Lesser of LOC and XXX additional reserve as surplus 1,838 1,847 LLC notes and variable value surplus notes 1,547 1,616 Excess of loss reinsurance agreements 549 493 The NAIC has adopted RBC requirements for life insurance companies to evaluate the adequacy of statutory capital and surplus in relation to investment and insurance risks. The requirements provide a means of measuring the minimum amount of statutory surplus appropriate for an insurance company to support its overall business operations based on its size and risk profile. Under RBC requirements, regulatory compliance is determined by the ratio of a company’s total adjusted capital, as defined by the NAIC, to its company action level of RBC (known as the “RBC ratio”), also as defined by the NAIC. The company action level may be triggered if the RBC ratio is between 75 % and 100 %, which would require the insurer to submit a plan to the regulator detailing corrective action it proposes to undertake. As of December 31, 2022, the consolidated RBC ratio for LNC’s statutory insurance companies was in excess of three times the aforementioned company action level RBC. Our insurance subsidiaries are subject to certain insurance department regulatory restrictions as to the transfer of funds and payment of dividends to the holding company. Under Indiana laws and regulations, our Indiana insurance subsidiaries, including our primary insurance subsidiary, LNL, may pay dividends to LNC without prior approval of the Indiana Insurance Commissioner (the “Commissioner”), only from unassigned surplus and must receive prior approval of the Commissioner to pay a dividend if such dividend, along with all other dividends paid within the preceding 12 consecutive months, would exceed the statutory limitation. The current statutory limitation is the greater of 10 % of the insurer’s contract holders’ surplus, as shown on its last annual statement on file with the Commissioner or the insurer’s statutory net gain from operations for the previous 12 months, but in no event to exceed statutory unassigned surplus. Indiana law gives the Commissioner broad discretion to disapprove requests for dividends in excess of these limits. LNL’s subsidiary LLANY, a New York-domiciled insurance company, is bound by similar restrictions under the laws of New York. Under New York law, the applicable statutory limitation on dividends is equal to the lesser of 10 % of surplus to contract holders as of the immediately preceding calendar year or net gain from operations for the immediately preceding calendar year, not including realized capital gains. We expect our direct domestic insurance subsidiaries could pay dividends to LNC of approximately $ 1.7 billion in 2023 without prior approval from the respective Commissioner of Insurance. All payments of principal and interest on surplus notes between LNC and our insurance subsidiaries must be approved by the respective Commissioner of Insurance.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2022
Fair Value of Financial Instruments [Abstract]
Fair Value of Financial Instruments	20. Fair Value of Finan cial Instruments The carrying values and estimated fair values of our financial instruments (in millions) were as follows: As Restated As of December 31, 2022 As of December 31, 2021 Carrying Fair Carrying Fair Value Value Value Value Assets Fixed maturity AFS securities $ 99,736 $ 99,736 $ 118,711 $ 118,711 Trading securities 3,498 3,498 4,460 4,460 Equity securities 427 427 375 375 Mortgage loans on real estate 18,301 16,553 17,991 18,700 Derivative investments 3,594 3,594 5,697 5,697 Other investments 3,739 3,739 4,279 4,279 Cash and invested cash 3,343 3,343 2,612 2,612 Other assets: GLB direct embedded derivatives 1,697 1,697 1,967 1,967 GLB ceded embedded derivatives 29 29 56 56 Reinsurance-related embedded derivatives 416 416 - - Indexed annuity ceded embedded derivatives 525 525 528 528 Separate account assets 143,536 143,536 182,583 182,583 Liabilities Future contract benefits – indexed annuity and IUL contracts embedded derivatives ( 4,783 ) ( 4,783 ) ( 6,131 ) ( 6,131 ) Other contract holder funds: Remaining guaranteed interest and similar contracts ( 1,686 ) ( 1,686 ) ( 1,788 ) ( 1,788 ) Account values of certain investment contracts ( 43,573 ) ( 34,268 ) ( 41,194 ) ( 47,862 ) Short-term debt ( 500 ) ( 496 ) ( 300 ) ( 302 ) Long-term debt ( 5,955 ) ( 5,005 ) ( 6,325 ) ( 6,707 ) Other liabilities: Reinsurance-related embedded derivatives - - ( 206 ) ( 206 ) Derivative liabilities ( 210 ) ( 210 ) ( 709 ) ( 709 ) GLB ceded embedded derivatives ( 167 ) ( 167 ) ( 182 ) ( 182 ) Valuation Methodologies and Associated Inputs for Financial Instruments Not Carried at Fair Value The following discussion outlines the methodologies and assumptions used to determine the fair value of our financial instruments not carried at fair value on the Consolidated Balance Sheets. Considerable judgment is required to develop these assumptions used to measure fair value. Accordingly, the estimates shown are not necessarily indicative of the amounts that would be realized in a one-time, current market exchange of all of our financial instruments. Mortgage Loans on Real Estate The fair value of mortgage loans on real estate, excluding mortgage loans accounted for using the fair value option, is established using a discounted cash flow method based on credit rating, maturity and future income. The ratings for mortgages in good standing are based on property type, location, market conditions, occupancy, debt-service coverage, loan-to-value, quality of tenancy, borrower and payment record. The fair value for impaired mortgage loans is based on the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s market price or the fair value of the collateral if the loan is collateral dependent. The inputs used to measure the fair value of our mortgage loans on real estate, excluding mortgage loans accounted for using the fair value option, are classified as Level 2 within the fair value hierarchy. Other Investments The carrying value of our assets classified as other investments, excluding short-term investments, approximates fair value. Other investments includes primarily LPs and other privately held investments that are accounted for using the equity method of accounting and the carrying value is based on our proportional share of the net assets of the LPs. Other investments also includes FHLB stock carried at cost and periodically evaluated for impairment based on ultimate recovery of par value. The inputs used to measure the fair value of our LPs, other privately held investments and FHLB stock are classified as Level 3 within the fair value hierarchy. The remaining assets in other investments include cash collateral receivables and securities that are not LPs or other privately held investments. The inputs used to measure the fair value of these assets are classified as Level 2 within the fair value hierarchy. Separate Account Assets Separate account assets are primarily carried at fair value. A portion of our separate account assets includes LPs, which are accounted for using the equity method of accounting. The carrying value is based on our proportional share of the net assets of the LPs and approximates fair value. The inputs used to measure the fair value of the separate account asset LPs are classified as Level 3 within the fair value hierarchy. Other Contract Holder Funds Other contract holder funds include remaining guaranteed interest and similar contracts and account values of certain investment contracts. The fair value for the remaining guaranteed interest and similar contracts is estimated using discounted cash flow calculations as of the balance sheet date. These calculations are based on interest rates currently offered on similar contracts with maturities that are consistent with those remaining for the contracts being valued. As of December 31, 2022 and 2021, the remaining guaranteed interest and similar contracts carrying value approximated fair value. The fair value of the account values of certain investment contracts is based on their approximate surrender value as of the balance sheet date. The inputs used to measure the fair value of our other contract holder funds are classified as Level 3 within the fair value hierarchy. Short-Term and Long-Term Debt The fair value of short-term and long-term debt is based on quoted market prices. The inputs used to measure the fair value of our short-term and long-term debt are classified as Level 2 within the fair value hierarchy. Fair Value Option Mortgage loans on real estate, net of allowance for credit losses, as reported on the Consolidated Balance Sheets, includes mortgage loans on real estate for which the fair value option was elected. The fair value option allows us to elect fair value as an alternative measurement for mortgage loans not otherwise reported at fair value. We have made these elections for certain mortgage loans associated with modified coinsurance agreements to help mitigate the inconsistency in earnings that would otherwise result from the use of embedded derivatives included with these loans. Changes in fair value are reflected in realized gain (loss) on the Consolidated Statement of Comprehensive Income (Loss). Changes in fair value due to instrument-specific credit risk are estimated using changes in credit spreads and quality ratings for the period reported. Mortgage loans on real estate for which the fair value option was elected are valued using third-party pricing services. We have procedures in place to review the valuations each quarter to ensure they are reasonable, including utilizing a separate third party to reperform the valuation for a selection of mortgage loans on an annual basis. Due to lack of observable inputs, mortgage loans electing the fair value option are classified as Level 3 within the fair value hierarchy. The fair value and aggregate contractual principal for mortgage loans on real estate where the fair value option was elected (in millions) were as follows: As of December 31, 2022 2021 Fair value $ 487 $ 739 Aggregate contractual principal 514 742 As of December 31, 2022 and 2021, no loans for which the fair value option was elected were in non-accrual status, and none were more than 90 days past due and still accruing interest. Financial Instruments Carried at Fair Value We did no t have any assets or liabilities measured at fair value on a nonrecurring basis as of December 31, 2022 or 2021. The following summarizes our financial instruments carried at fair value (in millions) on a recurring basis by the fair value hierarchy levels: As Restated As of December 31, 2022 Quoted Prices in Active Markets for Significant Significant Identical Observable Unobservable Total Assets Inputs Inputs Fair (Level 1) (Level 2) (Level 3) Value Assets Investments: Fixed maturity AFS securities: Corporate bonds $ - $ 76,728 $ 2,295 $ 79,023 U.S. government bonds 359 20 - 379 State and municipal bonds - 5,035 35 5,070 Foreign government bonds - 318 - 318 RMBS - 2,008 1 2,009 CMBS - 1,674 - 1,674 ABS - 9,787 1,117 10,904 Hybrid and redeemable preferred securities 41 269 49 359 Trading securities - 2,917 581 3,498 Equity securities - 274 153 427 Mortgage loans on real estate - - 487 487 Derivative investments (1) - 6,048 605 6,653 Other investments – short-term investments - 75 - 75 Cash and invested cash - 3,343 - 3,343 Other assets: GLB direct embedded derivatives - - 1,697 1,697 GLB ceded embedded derivatives - - 29 29 Reinsurance-related embedded derivatives - 416 - 416 Indexed annuity ceded embedded derivatives - - 525 525 Separate account assets 412 143,124 - 143,536 Total assets $ 812 $ 252,036 $ 7,574 $ 260,422 Liabilities Future contract benefits – indexed annuity and IUL contracts embedded derivatives $ - $ - $ ( 4,783 ) $ ( 4,783 ) Other liabilities: Derivative liabilities (1) - ( 2,666 ) ( 603 ) ( 3,269 ) GLB ceded embedded derivatives - - ( 167 ) ( 167 ) Total liabilities $ - $ ( 2,666 ) $ ( 5,553 ) $ ( 8,219 ) As Restated As of December 31, 2021 Quoted Prices in Active Markets for Significant Significant Identical Observable Unobservable Total Assets Inputs Inputs Fair (Level 1) (Level 2) (Level 3) Value Assets Investments: Fixed maturity AFS securities: Corporate bonds $ - $ 92,400 $ 5,720 $ 98,120 U.S. government bonds 428 5 - 433 State and municipal bonds - 6,621 - 6,621 Foreign government bonds - 391 41 432 RMBS - 2,521 4 2,525 CMBS - 1,599 - 1,599 ABS - 7,642 870 8,512 Hybrid and redeemable preferred securities 54 322 93 469 Trading securities 32 3,600 828 4,460 Equity securities 7 273 95 375 Mortgage loans on real estate - - 739 739 Derivative investments (1) - 9,626 149 9,775 Other investments – short-term investments - 154 - 154 Cash and invested cash - 2,612 - 2,612 Other assets: GLB direct embedded derivatives - - 1,967 1,967 GLB ceded embedded derivatives - - 56 56 Indexed annuity ceded embedded derivatives - - 528 528 Separate account assets 646 181,929 - 182,575 Total assets $ 1,167 $ 309,695 $ 11,090 $ 321,952 Liabilities Future contract benefits – indexed annuity and IUL contracts embedded derivatives $ - $ - $ ( 6,131 ) $ ( 6,131 ) Other liabilities: Reinsurance-related embedded derivatives - ( 206 ) - ( 206 ) Derivative liabilities (1) - ( 4,659 ) ( 128 ) ( 4,787 ) GLB ceded embedded derivatives - - ( 182 ) ( 182 ) Total liabilities $ - $ ( 4,865 ) $ ( 6,441 ) $ ( 11,306 ) (1) Derivative investment assets and liabilities are presented within the fair value hierarchy on a gross basis by derivative type and not on a master netting basis by counterparty. The following summarizes changes to our financial instruments carried at fair value (in millions) and classified within Level 3 of the fair value hierarchy. This summary excludes any effect of amortization of DAC, VOBA, DSI and DFEL. The gains and losses below may include changes in fair value due in part to observable inputs that are a component of the valuation methodology. As Restated For the Year Ended December 31, 2022 Gains Issuances, Transfers Items (Losses) Sales, Into or Included in Maturities, Out Beginning in OCI Settlements, of Ending Fair Net and Calls, Level 3, Fair Value Income Other (1) Net Net Value Investments: (2) Fixed maturity AFS securities: Corporate bonds $ 5,720 $ 1 $ ( 1,550 ) $ 796 $ ( 2,672 ) $ 2,295 State and municipal bonds - - ( 1 ) - 36 35 Foreign government bonds 41 - ( 6 ) ( 30 ) ( 5 ) - RMBS 4 - 1 21 ( 25 ) 1 CMBS - - - 17 ( 17 ) - ABS 870 - ( 113 ) 676 ( 316 ) 1,117 Hybrid and redeemable preferred securities 93 ( 6 ) ( 22 ) ( 12 ) ( 4 ) 49 Trading securities 828 ( 80 ) - ( 152 ) ( 15 ) 581 Equity securities 95 54 - 19 ( 15 ) 153 Mortgage loans on real estate 739 ( 20 ) ( 5 ) ( 227 ) - 487 Derivative investments 21 2 ( 6 ) - ( 15 ) 2 Other assets: (3) GLB direct embedded derivatives 1,967 ( 270 ) - - - 1,697 GLB ceded embedded derivatives 56 ( 27 ) - - - 29 Indexed annuity ceded embedded derivatives 528 ( 215 ) - 212 - 525 Future contract benefits – indexed annuity and IUL contracts embedded derivatives (3) ( 6,131 ) 1,975 - ( 627 ) - ( 4,783 ) Other liabilities – GLB ceded embedded derivatives (3) ( 182 ) 15 - - - ( 167 ) Total, net $ 4,649 $ 1,429 $ ( 1,702 ) $ 693 $ ( 3,048 ) $ 2,021 As Restated For the Year Ended December 31, 2021 Gains Issuances, Transfers Items (Losses) Sales, Into or Included in Maturities, Out Beginning in OCI Settlements, of Ending Fair Net and Calls, Level 3, Fair Value Income Other (1) Net Net Value Investments: (2) Fixed maturity AFS securities: Corporate bonds $ 5,121 $ 4 $ ( 182 ) $ 748 $ 29 $ 5,720 U.S. government bonds 5 - - ( 5 ) - - Foreign government bonds 74 - ( 11 ) 80 ( 102 ) 41 RMBS 2 ( 1 ) - 3 - 4 CMBS - - - 8 ( 8 ) - ABS 570 1 ( 9 ) 602 ( 294 ) 870 Hybrid and redeemable preferred securities 104 - 27 ( 38 ) - 93 Trading securities 644 ( 3 ) - 210 ( 23 ) 828 Equity securities 59 39 - ( 3 ) - 95 Mortgage loans on real estate 832 11 5 ( 109 ) - 739 Derivative investments 1,542 1,255 ( 3 ) ( 139 ) ( 2,634 ) 21 Other assets: (3) GLB direct embedded derivatives 450 1,517 - - - 1,967 GLB ceded embedded derivatives 82 ( 26 ) - - - 56 Indexed annuity ceded embedded derivatives 550 87 - ( 109 ) - 528 Future contract benefits – indexed annuity and IUL contracts embedded derivatives (3) ( 3,594 ) ( 2,709 ) - 172 - ( 6,131 ) Other liabilities – GLB ceded embedded derivatives (3) - ( 182 ) - - - ( 182 ) Total, net $ 6,441 $ ( 7 ) $ ( 173 ) $ 1,420 $ ( 3,032 ) $ 4,649 For the Year Ended December 31, 2020 Gains Issuances, Transfers Items (Losses) Sales, Into or Included in Maturities, Out Beginning in OCI Settlements, of Ending Fair Net and Calls, Level 3, Fair Value Income Other (1) Net Net Value Investments: (2) Fixed maturity AFS securities: Corporate bonds $ 4,281 $ ( 8 ) $ 284 $ 464 $ 100 $ 5,121 U.S. government bonds 5 - - - - 5 Foreign government bonds 90 1 3 ( 20 ) - 74 RMBS 11 - - - ( 9 ) 2 CMBS 1 ( 1 ) - - - - ABS 268 - 7 496 ( 201 ) 570 Hybrid and redeemable preferred securities 78 - ( 2 ) 10 18 104 Trading securities 666 11 - ( 32 ) ( 1 ) 644 Equity securities 30 4 - 20 5 59 Mortgage loans on real estate - ( 1 ) ( 10 ) 56 787 832 Derivative investments 868 986 267 ( 363 ) ( 216 ) 1,542 Other assets: (3) GLB direct embedded derivatives 450 - - - - 450 GLB ceded embedded derivatives 60 22 - - - 82 Indexed annuity ceded embedded derivatives 927 538 - ( 915 ) - 550 Future contract benefits – indexed annuity and IUL contracts embedded derivatives (3) ( 2,585 ) ( 1,009 ) - - - ( 3,594 ) Other liabilities – GLB ceded embedded derivatives (3) ( 9 ) 9 - - - - Total, net $ 5,141 $ 552 $ 549 $ ( 284 ) $ 483 $ 6,441 (1) The changes in fair value of the interest rate swaps are offset by an adjustment to derivative investments (see Note 5). (2) Amortization and accretion of premiums and discounts are included in net investment income on the Consolidated Statements of Comprehensive Income (Loss). Gains (losses) from sales, maturities, settlements and calls and credit loss expense are included in realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). (3) Gains (losses) from the changes in fair value are included in realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). The following provides the components of the items included in issuances, sales, maturities, settlements and calls, net, excluding any effect of amortization of DAC, VOBA, DSI and DFEL and changes in future contract benefits, (in millions) as reported above: For the Year Ended December 31, 2022 Issuances Sales Maturities Settlements Calls Total Investments: Fixed maturity AFS securities: Corporate bonds $ 1,263 $ ( 100 ) $ ( 82 ) $ ( 235 ) $ ( 50 ) $ 796 Foreign government bonds - - ( 30 ) - - ( 30 ) RMBS 21 - - - - 21 CMBS 17 - - - - 17 ABS 918 - - ( 235 ) ( 7 ) 676 Hybrid and redeemable preferred securities - - - - ( 12 ) ( 12 ) Trading securities 287 ( 229 ) - ( 210 ) - ( 152 ) Equity securities 28 ( 9 ) - - - 19 Mortgage loans on real estate 15 - - ( 242 ) - ( 227 ) Other assets – indexed annuity ceded embedded derivatives 124 - - 88 - 212 Future contract benefits – indexed annuity and IUL contracts embedded derivatives ( 710 ) - - 83 - ( 627 ) Total, net $ 1,963 $ ( 338 ) $ ( 112 ) $ ( 751 ) $ ( 69 ) $ 693 For the Year Ended December 31, 2021 Issuances Sales Maturities Settlements Calls Total Investments: Fixed maturity AFS securities: Corporate bonds $ 1,408 $ ( 33 ) $ ( 109 ) $ ( 488 ) $ ( 30 ) $ 748 U.S. government bonds - - ( 5 ) - - ( 5 ) Foreign government bonds 80 - - - - 80 RMBS 3 - - - - 3 CMBS 8 - - - - 8 ABS 835 - - ( 233 ) - 602 Hybrid and redeemable preferred securities 12 ( 20 ) - - ( 30 ) ( 38 ) Trading securities 383 ( 24 ) - ( 149 ) - 210 Equity securities 7 ( 10 ) - - - ( 3 ) Mortgage loans on real estate 96 ( 101 ) ( 26 ) ( 78 ) - ( 109 ) Derivative investments 174 ( 124 ) ( 189 ) - - ( 139 ) Other assets – indexed annuity ceded embedded derivatives 55 - - ( 164 ) - ( 109 ) Future contract benefits – indexed annuity and IUL contracts embedded derivatives ( 400 ) - - 572 - 172 Total, net $ 2,661 $ ( 312 ) $ ( 329 ) $ ( 540 ) $ ( 60 ) $ 1,420 For the Year Ended December 31, 2020 Issuances Sales Maturities Settlements Calls Total Investments: Fixed maturity AFS securities: Corporate bonds $ 1,126 $ ( 250 ) $ ( 43 ) $ ( 237 ) $ ( 132 ) $ 464 Foreign government bonds - - ( 20 ) - - ( 20 ) ABS 572 - - ( 76 ) - 496 Hybrid and redeemable preferred securities 14 ( 4 ) - - - 10 Trading securities 300 ( 126 ) ( 40 ) ( 166 ) - ( 32 ) Equity securities 22 ( 2 ) - - - 20 Mortgage loans on real estate 71 ( 15 ) - - - 56 Derivative investments 520 ( 412 ) ( 471 ) - - ( 363 ) Other assets – indexed annuity ceded embedded derivatives 25 - - ( 940 ) - ( 915 ) Future contract benefits – indexed annuity and IUL contracts embedded derivatives ( 284 ) - - 284 - - Total, net $ 2,366 $ ( 809 ) $ ( 574 ) $ ( 1,135 ) $ ( 132 ) $ ( 284 ) The following summarizes changes in unrealized gains (losses) included in net income, excluding any effect of amortization of DAC, VOBA, DSI and DFEL and changes in future contract benefits, related to financial instruments carried at fair value classified within Level 3 that we still held (in millions): As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Trading securities $ ( 81 ) $ 4 $ - Equity securities 56 43 - Mortgage loans on real estate ( 20 ) 12 - Derivative investments 2 1,051 536 GLB embedded derivatives 517 2,330 671 Embedded derivatives – indexed annuity and IUL contracts ( 95 ) 44 634 Total, net (1) $ 379 $ 3,484 $ 1,841 (1) Included in realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). The following summarizes changes in unrealized gains (losses) included in OCI, net of tax, excluding any effect of amortization of DAC, VOBA, DSI and DFEL and changes in future contract benefits, related to financial instruments carried at fair value classified within Level 3 that we still held (in millions): For the Years Ended December 31, 2022 2021 2020 Fixed maturity AFS securities: Corporate bonds $ ( 1,562 ) $ ( 183 ) $ 58 State and municipal bonds ( 1 ) - - Foreign government bonds ( 7 ) ( 10 ) 4 ABS ( 116 ) ( 9 ) 5 Hybrid and redeemable preferred securities ( 22 ) 27 ( 3 ) Mortgage loans on real estate ( 5 ) 4 - Total, net $ ( 1,713 ) $ ( 171 ) $ 64 The following provides the components of the transfers into and out of Level 3 (in millions) as reported above: For the Year Ended December 31, 2022 Transfers Transfers Into Out of Level 3 Level 3 Total Investments: Fixed maturity AFS securities: Corporate bonds $ 296 $ ( 2,968 ) $ ( 2,672 ) State and municipal bonds 36 - 36 Foreign government bonds - ( 5 ) ( 5 ) RMBS - ( 25 ) ( 25 ) CMBS - ( 17 ) ( 17 ) ABS 16 ( 332 ) ( 316 ) Hybrid and redeemable preferred securities - ( 4 ) ( 4 ) Trading securities 4 ( 19 ) ( 15 ) Equity securities - ( 15 ) ( 15 ) Derivative investments - ( 15 ) ( 15 ) Total, net $ 352 $ ( 3,400 ) $ ( 3,048 ) For the Year Ended December 31, 2021 Transfers Transfers Into Out of Level 3 Level 3 Total Investments: Fixed maturity AFS securities: Corporate bonds $ 163 $ ( 134 ) $ 29 Foreign government bonds - ( 102 ) ( 102 ) CMBS - ( 8 ) ( 8 ) ABS 36 ( 330 ) ( 294 ) Trading securities 14 ( 37 ) ( 23 ) Derivative investments 24 ( 2,658 ) ( 2,634 ) Total, net $ 237 $ ( 3,269 ) $ ( 3,032 ) For the Year Ended December 31, 2020 Transfers Transfers Into Out of Level 3 Level 3 Total Investments: Fixed maturity AFS securities: Corporate bonds $ 343 $ ( 243 ) $ 100 U.S. government bonds 5 ( 5 ) - RMBS 1 ( 10 ) ( 9 ) ABS 20 ( 221 ) ( 201 ) Hybrid and redeemable preferred securities 18 - 18 Trading securities 33 ( 34 ) ( 1 ) Equity securities 5 - 5 Mortgage loans on real estate 787 - 787 Derivative investments - ( 216 ) ( 216 ) Total, net $ 1,212 $ ( 729 ) $ 483 Transfers into and out of Level 3 are generally the result of observable market information on financial instruments no longer being available or becoming available to our pricing vendors. For the years ended December 31, 2022, 2021 and 2020, transfers in and out of Level 3 were attributable primarily to the financial instruments’ observable market information no longer being available or becoming available. In 2022, transfers out of Level 3 included corporate bonds and ABS for which we changed valuation techniques. This change in valuation technique was primarily from a change to a third-party-provided pricing model that did not use significant unobservable inputs. In 2021, transfers out of Level 3 included derivative instruments for which we changed valuation techniques. This change in valuation technique was primarily from unobservable inputs in counterparty models to a mathematical model provided by a third party. These updated valuation techniques are considered industry standard and provide us with greater visibility into the economic valuation inputs. The following summarizes the fair value (in millions), valuation techniques and significant unobservable inputs of the Level 3 fair value measurements as of December 31, 2022: Weighted Average Fair Valuation Significant Assumption or Input Value Technique Unobservable Inputs Input Ranges Range (1) Assets Investments: Fixed maturity AFS and trading securities: Corporate bonds $ 204 Discounted cash flow Liquidity/duration adjustment (2) ( 0.2 ) % - 4.2 % 2.1 % State and municipal bonds 35 Discounted cash flow Liquidity/duration adjustment (2) 1.2 % - 2.4 % 2.3 % ABS 15 Discounted cash flow Liquidity/duration adjustment (2) 1.4 % - 1.4 % 1.4 % Hybrid and redeemable preferred securities 3 Discounted cash flow Liquidity/duration adjustment (2) 1.5 % - 1.5 % 1.5 % Equity securities 4 Discounted cash flow Liquidity/duration adjustment (2) 4.5 % - 4.5 % 4.5 % Other assets: GLB direct and ceded embedded derivatives 1,726 Discounted cash flow Long-term lapse rate (3) 1 % - 30 % (10) Utilization of guaranteed withdrawals (4) 85 % - 100 % 94 % Claims utilization factor (5) 60 % - 100 % (10) Premiums utilization factor (5) 80 % - 115 % (10) NPR (6) 0.35 % - 2.41 % 1.73 % Mortality rate (7) (9) (10) Volatility (8) 1 % - 28 % 14.47 % Indexed annuity ceded embedded derivatives 525 Discounted cash flow Lapse rate (3) 0 % - 9 % (10) Mortality rate (7) (9) (10) Liabilities Future contract benefits – indexed annuity contracts embedded derivatives $ ( 4,845 ) Discounted cash flow Lapse rate (3) 0 % - 9 % (10) Mortality rate (7) (9) (10) Other liabilities – GLB ceded embedded derivatives ( 167 ) Discounted cash flow Long-term lapse rate (3) 1 % - 30 % (10) Utilization of guaranteed withdrawals (4) 85 % - 100 % 94 % Claims utilization factor (5) 60 % - 100 % (10) Premiums utilization factor (5) 80 % - 115 % (10) NPR (6) 0.35 % - 2.41 % 1.73 % Mortality rate (7) (9) (10) Volatility (8) 1 % - 28 % 14.47 % (1) Unobservable inputs were weighted by the relative fair value of the instruments, unless otherwise noted. (2) The liquidity/duration adjustment input represents an estimated market participant composite of adjustments attributable to liquidity premiums, expected durations, structures and credit quality that would be applied to the market observable information of an investment. (3) The lapse rate input represents the estimated probability of a contract surrendering during a year, and thereby forgoing any future benefits. The range for indexed annuity contracts represents the lapse rates during the surrender charge period. (4) The utilization of guaranteed withdrawals input represents the estimated percentage of contract holders that utilize the guaranteed withdrawal feature. (5) The utilization factors are applied to the present value of claims or premiums, as appropriate, in the GLB reserve calculation to estimate the impact of inefficient withdrawal behavior, including taking less than or more than the maximum guaranteed withdrawal. (6) The NPR input represents the estimated additional credit spread that market participants would apply to the market observable discount rate when pricing a contract. The NPR input was weighted by the absolute value of the sensitivity of the reserve to the NPR assumption. (7) The mortality rate input represents the estimated probability of when an individual belonging to a particular group, categorized according to age or some other factor such as gender, will die. (8) The volatility input represents overall volatilities assumed for the underlying variable annuity funds, which include a mixture of equity and fixed-income assets. Fair value of the variable annuity GLB embedded derivatives would increase if higher volatilities were used for valuation. Volatility assumptions vary by fund due to the benchmarking of different indices. The volatility input was weighted by the relative account value assigned to each index. (9) The mortality rate is based on a combination of company and industry experience, adjusted for improvement factors. (10) A weighted average input range is not a meaningful measurement for lapse rate, utilization factors or mortality rate. From the table above, we have excluded Level 3 fair value measurements obtained from independent, third-party pricing sources. We do not develop the significant inputs used to measure the fair value of these assets and liabilities, and the information regarding the significant inputs is not readily available to us. Independent broker-quoted fair values are non-binding quotes developed by market makers or broker-dealers obtained from third-party sources recognized as market participants. The fair value of a broker-quoted asset or liability is based solely on the receipt of an updated quote from a single market maker or a broker-dealer recognized as a market participant as we do not adjust broker quotes when used as the fair value measurement for an asset or liability. Significant increases or decreases in any of the quotes received from a third-party broker-dealer may result in a significantly higher or lower fair value measurement. Changes in any of the significant inputs presented in the table above would have resulted in a significant change in the fair value measurement of the asset or liability as follows:  Investments – An increase in the liquidity/duration adjustment input would have resulted in a decrease in the fair value measurement.  Indexed annuity contracts embedded derivatives – For direct embedded derivatives, an increase in the lapse rate or mortality rate inputs would have resulted in a decrease in the fair value measurement.  GLB embedded derivatives – Assuming our GLB direct embedded derivatives are in a liability position: an increase in our lapse rate, NPR or mortality rate inputs would have resulted in a decrease in the fair value measurement; and an increase in the utilization of guaranteed withdrawal or volatility inputs would have resulted in an increase in the fair value measurement. For each category discussed above, the unobservable inputs are not inter-related; therefore, a directional change in one input would not have affected the other inputs. As part of our ongoing valuation process, we assess the reasonableness of our valuation techniques or models and make adjustments as necessary. For more information, see Note 1.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2022
Segment Information [Abstract]
Segment Information	21. Segm ent Information We provide products and services and report results through our Life Insurance, Annuities, Group Protection and Retirement Plan Services segments. We also have Other Operations, which includes the financial data for operations that are not directly related to the business segments. Our reporting segments reflect the manner by which our chief operating decision makers view and manage the business. The following is a brief description of these segments and Other Operations. The Life Insurance segment focuses on the creation and protection of wealth through life insurance products, including term insurance, both single (including UL, corporate-owned UL and VUL and bank-owned UL and VUL products) and survivorship versions of IUL and VUL products, linked-benefit products (which are UL and VUL with riders providing for long-term care costs), and critical illness and long-term care riders, which can be attached to IUL or VUL policies. The Annuities segment provides tax-deferred investment growth and lifetime income opportunities for its clients by offering variable annuities, fixed (including indexed) annuities and indexed variable annuities. The Group Protection segment offers group non-medical insurance products and services, including short- and long-term disability, statutory disability and paid family medical leave administration and absence management services, term life, dental, vision and accident, critical illness and hospital indemnity benefits and services to the employer marketplace through various forms of employee-paid and employer-paid plans. The Retirement Plan Services segment provides employer-sponsored defined benefit and individual retirement accounts, as well as individual and group variable annuities, group fixed annuities and mutual-fund based programs in the retirement plan marketplace. Other Operations includes investments related to the excess capital in our insurance subsidiaries; benefit plan obligations; the results of certain disability income business; our run-off institutional pension business, the majority of which was sold on a group annuity basis; debt costs; Spark program expense; and other corporate investments. Segment operating revenues and income (loss) from operations are internal measures used by our management and Board of Directors to evaluate and assess the results of our segments. Income (loss) from operations is GAAP net income excluding the after-tax effects of the following items, as applicable:  Realized gains and losses associated with the following (“excluded realized gain (loss)”):  Sales or disposals and impairments of financial assets;  Changes in the fair value of equity securities;  Changes in the fair value of derivatives, embedded derivatives within certain reinsurance arrangements and trading securities (“gain (loss) on the mark-to-market on certain instruments”);  Changes in the fair value of the derivatives we own to hedge our GDB riders within our variable annuities;  Changes in the fair value of the embedded derivatives of our GLB riders reflected within variable annuity net derivative results accounted for at fair value;  Changes in the fair value of the derivatives we own to hedge our GLB riders reflected within variable annuity net derivative results; and  Changes in the fair value of the embedded derivative liabilities related to index options we may purchase or sell in the future to hedge contract holder index allocations applicable to future reset periods for our indexed annuity products accounted for at fair value (“indexed annuity forward-starting option”);  Changes in reserves resulting from benefit ratio unlocking on our GDB and GLB riders and VUL products with secondary guarantees (“benefit ratio unlocking”);  Income (loss) from reserve changes, net of related amortization, on business sold through reinsurance;  Gains (losses) on modification or early extinguishment of debt;  Losses from the impairment of intangible assets;  Income (loss) from discontinued operations;  Transaction and integration costs related to mergers and acquisitions including the acquisition or divestiture, through reinsurance or other means, of businesses or blocks of business; and  Income (loss) from the initial adoption of new accounting standards, regulations, and policy changes including the net impact from the Tax Cuts and Jobs Act. Operating revenues represent GAAP revenues excluding the pre-tax effects of the following items, as applicable:  Excluded realized gain (loss);  Revenue adjustments from the initial adoption of new accounting standards;  Amortization of DFEL arising from changes in benefit ratio unlocking; and  Amortization of deferred gains arising from reserve changes on business sold through reinsurance. The tables below reconcile our segment measures of performance to the GAAP measures presented in the Consolidated Statements of Comprehensive Income (Loss) (in millions): As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Revenues Operating revenues: Life Insurance $ 7,126 $ 8,145 $ 7,516 Annuities 4,776 5,001 4,455 Group Protection 5,304 4,995 4,793 Retirement Plan Services 1,274 1,323 1,213 Other Operations 158 181 185 Excluded realized gain (loss), pre-tax 144 214 ( 721 ) Amortization of DFEL associated with benefit ratio unlocking, pre-tax ( 16 ) 3 ( 2 ) Total revenues $ 18,766 $ 19,862 $ 17,439 As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Net Income (Loss) Income (loss) from operations: Life Insurance $ ( 1,965 ) $ 525 $ ( 34 ) Annuities 1,246 1,282 983 Group Protection 102 ( 127 ) 43 Retirement Plan Services 210 235 168 Other Operations ( 496 ) ( 374 ) ( 295 ) Excluded realized gain (loss), after-tax 116 167 ( 570 ) Benefit ratio unlocking, after-tax ( 820 ) 196 194 Impairment of intangibles ( 634 ) - - Net impact from the Tax Cuts and Jobs Act - - 37 Transaction and integration costs related to mergers, acquisitions and divestitures, after-tax - ( 11 ) ( 15 ) Gain (loss) on modification or early extinguishment of debt, after-tax - ( 6 ) ( 12 ) Net income (loss) $ ( 2,241 ) $ 1,887 $ 499 Other segment information (in millions) was as follows: As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Net Investment Income Life Insurance $ 2,586 $ 3,207 $ 2,823 Annuities 1,463 1,400 1,272 Group Protection 334 365 330 Retirement Plan Services 976 991 933 Other Operations 156 148 152 Total net investment income $ 5,515 $ 6,111 $ 5,510 As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Amortization of DAC and VOBA, Net of Interest Life Insurance $ 623 $ 1,030 $ 785 Annuities 400 439 387 Group Protection 106 107 114 Retirement Plan Services 18 32 29 Total amortization of DAC and VOBA, net of interest $ 1,147 $ 1,608 $ 1,315 As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Federal Income Tax Expense (Benefit) Life Insurance $ ( 552 ) $ 119 $ ( 33 ) Annuities 207 241 149 Group Protection 28 ( 34 ) 11 Retirement Plan Services 35 48 24 Other Operations ( 117 ) ( 106 ) ( 82 ) Excluded realized gain (loss) 28 48 ( 151 ) Gain (loss) on early extinguishment of debt - ( 2 ) ( 3 ) Benefit ratio unlocking ( 218 ) 52 51 Net impact from the Tax Cuts and Jobs Act - - ( 37 ) Transaction and integration costs related to mergers, acquisitions and divestitures - ( 4 ) ( 5 ) Total federal income tax expense (benefit) $ ( 589 ) $ 362 $ ( 76 ) As Restated As of December 31, 2022 2021 Assets Life Insurance $ 95,413 $ 105,251 Annuities 167,210 201,811 Group Protection 9,802 10,522 Retirement Plan Services 41,887 47,643 Other Operations 20,796 21,718 Total assets $ 335,108 $ 386,945

Supplemental Disclosures of Cas

Supplemental Disclosures of Cash Flow Data	12 Months Ended
	Dec. 31, 2022
Supplemental Disclosures of Cash Flow Data [Abstract]
Supplemental Disclosures of Cash Flow Data	22 . Supplemental Disclosure s of Cash Flow Data The following summarizes our supplemental cash flow data (in millions): As Restated For the For the For the Year Ended Year Ended Year Ended December 31, December 31, December 31, 2022 2021 2020 Interest paid $ 269 $ 277 $ 283 Income taxes paid (received) ( 54 ) 1 22 Significant non-cash investing transactions: Equity securities received in exchange of fixed maturity AFS securities - - 19 Significant non-cash financing transactions: Net reduction of fixed maturity AFS securities and accrued investment income in connection with a reinsurance transaction - ( 4,133 ) -

Quarterly Results of Operations

Quarterly Results of Operations	12 Months Ended
	Dec. 31, 2022
Quarterly Results of Operations [Abstract]
Quarterly Results of Operations	23. Quarterly Results of Operations (Unaudited) As further described in Note 1, the previously reported financial information for all quarters in 2022 and 2021 has been restated and is reflected in the tables that follow. See “Restatement of Previously Issued Consolidated Financial Statements – Description of Misstatements” in Note 1 for a description of the restatement adjustments. The unaudited interim financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results for the interim periods presented. Restated amounts are computed independently for each quarter presented; therefore, the sum of the quarterly amounts may not equal the total amount for the respective year due to rounding. LINCOLN NATIONAL CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited, in millions, except share data) As Restated As of As of As of March 31, June 30, September 30, 2021 2021 2021 ASSETS Investments: Fixed maturity available-for-sale securities, at fair value (amortized cost: $ 105,866 , $ 106,668 and $ 107,459 at March 31, 2021, June 30, 2021 and September 30, 2021, respectively; allowance for credit losses: $ 14 , $ 9 and $ 17 at March 31, 2021, June 30, 2021 and September 30, 2021, respectively) $ 117,313 $ 122,215 $ 122,085 Trading securities 4,344 4,211 4,170 Equity securities 144 195 264 Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: $ 874 , $ 818 and $ 792 at March 31, 2021, June 30, 2021 and September 30, 2021) 17,255 17,586 17,730 Policy loans 2,502 2,410 2,379 Derivative investments 3,482 4,730 5,075 Other investments 3,547 3,948 4,066 Total investments 148,587 155,295 155,769 Cash and invested cash 1,350 2,389 2,614 Deferred acquisition costs and value of business acquired 7,665 6,261 5,966 Accrued investment income 1,301 1,254 1,297 Reinsurance recoverables, net of allowance for credit losses 16,289 15,981 15,729 Goodwill 1,778 1,778 1,778 Other assets 18,264 18,125 18,076 Separate account assets 171,339 178,795 175,667 Total assets $ 366,573 $ 379,878 $ 376,896 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Future contract benefits $ 39,592 $ 40,251 $ 40,641 Other contract holder funds 107,002 108,778 109,300 Short-term debt 300 300 300 Long-term debt 6,294 6,334 6,323 Payables for collateral on investments 7,597 8,199 8,379 Other liabilities 14,862 15,479 15,121 Separate account liabilities 171,339 178,795 175,667 Total liabilities 346,986 358,136 355,731 Contingencies and Commitments (See Note 13) Stockholders’ Equity Preferred stock – 10,000,000 shares authorized - - - Common stock – 800,000,000 shares authorized; 191,149,192 , 189,089,948 and 186,089,222 shares issued and outstanding as of March 31, 2021, June 30, 2021 and September 30, 2021, respectively 5,057 5,021 4,956 Retained earnings 8,769 9,242 9,360 Accumulated other comprehensive income (loss) 5,761 7,479 6,849 Total stockholders’ equity 19,587 21,742 21,165 Total liabilities and stockholders’ equity $ 366,573 $ 379,878 $ 376,896 LINCOLN NATIONAL CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited, in millions, except share data) As Restated As of As of As of March 31, June 30, September 30, 2022 2022 2022 ASSETS Investments: Fixed maturity available-for-sale securities, at fair value (amortized cost: $ 107,587 , $ 109,592 and $ 111,058 at March 31, 2022, June 30, 2022 and September 30, 2022, respectively; allowance for credit losses: $ 20 , $ 12 and $ 18 at March 31, 2022, June 30, 2022 and September 30, 2022, respectively) $ 110,663 $ 103,317 $ 97,572 Trading securities 4,364 3,803 3,580 Equity securities 399 411 427 Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: $ 537 , $ 528 and $ 495 at March 31, 2022, June 30, 2022 and September 30, 2022) 17,892 17,922 18,066 Policy loans 2,339 2,368 2,347 Derivative investments 4,573 3,167 3,455 Other investments 4,122 4,078 3,813 Total investments 144,352 135,066 129,260 Cash and invested cash 1,960 1,567 1,472 Deferred acquisition costs and value of business acquired 8,811 11,872 13,684 Accrued investment income 1,247 1,226 1,283 Reinsurance recoverables, net of allowance for credit losses 20,044 19,909 20,045 Goodwill 1,778 1,778 1,144 Other assets 18,467 18,137 19,991 Separate account assets 168,879 145,791 137,295 Total assets $ 365,538 $ 335,346 $ 324,174 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Future contract benefits $ 39,776 $ 39,309 $ 41,716 Other contract holder funds 112,913 115,145 118,201 Short-term debt - - 500 Long-term debt 6,561 6,498 5,959 Payables for collateral on investments 8,927 7,524 6,865 Other liabilities 13,298 11,425 10,970 Separate account liabilities 168,879 145,791 137,295 Total liabilities 350,354 325,692 321,506 Contingencies and Commitments (See Note 13) Stockholders’ Equity Preferred stock – 10,000,000 shares authorized - - - Common stock – 800,000,000 shares authorized; 171,890,974 , 170,224,116 and 169,214,493 shares issued and outstanding as of March 31, 2022, June 30, 2022 and September 30, 2022, respectively 4,586 4,546 4,534 Retained earnings 9,346 9,445 6,762 Accumulated other comprehensive income (loss) 1,252 ( 4,337 ) ( 8,628 ) Total stockholders’ equity 15,184 9,654 2,668 Total liabilities and stockholders’ equity $ 365,538 $ 335,346 $ 324,174 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited, in millions, except per share data) As Restated For the Three Months Ended March 31, June 30, September 30, December 31, 2021 2021 2021 2021 Revenues Insurance premiums $ 1,400 $ 1,404 $ 1,394 $ 1,419 Fee income 1,597 1,673 2,000 1,635 Net investment income 1,509 1,583 1,575 1,444 Realized gain (loss) ( 180 ) 1 79 514 Amortization of deferred gain on business sold through reinsurance 9 9 9 11 Other revenues 198 192 181 206 Total revenues 4,533 4,862 5,238 5,229 Expenses Interest credited 743 745 748 696 Benefits 2,227 1,930 2,121 2,251 Commissions and other expenses 1,231 1,325 1,908 1,330 Interest and debt expense 65 65 73 67 Spark program expense 13 21 22 31 Total expenses 4,279 4,086 4,872 4,375 Income (loss) before taxes 254 776 366 854 Federal income tax expense (benefit) 35 131 50 146 Net income (loss) 219 645 316 708 Other comprehensive income (loss), net of tax ( 3,170 ) 1,718 ( 630 ) ( 408 ) Comprehensive income (loss) $ ( 2,951 ) $ 2,363 $ ( 314 ) $ 300 Net Income (Loss) Per Common Share Basic $ 1.14 $ 3.40 $ 1.69 $ 3.92 Diluted $ 1.13 $ 3.36 $ 1.67 $ 3.86 Cash Dividends Declared Per Common Share $ 0.42 $ 0.42 $ 0.42 $ 0.45 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited, in millions, except per share data) As Restated For the Three Months Ended March 31, June 30, September 30, December 31, 2022 2022 2022 2022 Revenues Insurance premiums $ 1,477 $ 1,498 $ 1,548 $ 1,564 Fee income 1,568 1,506 1,527 1,453 Net investment income 1,411 1,398 1,295 1,411 Realized gain (loss) 25 515 212 ( 407 ) Amortization of deferred gain on business sold through reinsurance 11 11 10 10 Other revenues 182 160 189 191 Total revenues 4,674 5,088 4,781 4,222 Expenses Interest credited 697 706 722 745 Benefits 2,568 2,890 5,103 1,985 Commissions and other expenses 1,235 1,123 1,355 1,382 Interest and debt expense 66 68 71 78 Spark program expense 31 44 44 48 Impairment of intangibles - - 634 - Total expenses 4,597 4,831 7,929 4,238 Income (loss) before taxes 77 257 ( 3,148 ) ( 16 ) Federal income tax expense (benefit) ( 15 ) 29 ( 565 ) ( 37 ) Net income (loss) 92 228 ( 2,583 ) 21 Other comprehensive income (loss), net of tax ( 5,189 ) ( 5,589 ) ( 4,291 ) 960 Comprehensive income (loss) $ ( 5,097 ) $ ( 5,361 ) $ ( 6,874 ) $ 981 Net Income (Loss) Per Common Share Basic $ 0.53 $ 1.34 $ ( 15.22 ) $ 0.12 Diluted $ 0.52 $ 1.28 $ ( 15.23 ) $ 0.09 Cash Dividends Declared Per Common Share $ 0.45 $ 0.45 $ 0.45 $ 0.45 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (Unaudited, in millions) As Restated For the Three Months Ended March 31, June 30, September 30, 2021 2021 2021 Common Stock Balance as of beginning-of-period $ 5,082 $ 5,057 $ 5,021 Stock compensation/issued for benefit plans 25 23 16 Retirement of common stock/cancellation of shares ( 50 ) ( 59 ) ( 81 ) Balance as of end-of-period 5,057 5,021 4,956 Retained Earnings Balance as of beginning-of-period 8,686 8,769 9,242 Net income (loss) 219 645 316 Retirement of common stock ( 55 ) ( 91 ) ( 119 ) Common stock dividends declared ( 81 ) ( 81 ) ( 79 ) Balance as of end-of-period 8,769 9,242 9,360 Accumulated Other Comprehensive Income (Loss) Balance as of beginning-of-period 8,931 5,761 7,479 Other comprehensive income (loss), net of tax ( 3,170 ) 1,718 ( 630 ) Balance as of end-of-period 5,761 7,479 6,849 Total stockholders’ equity as of end-of-period $ 19,587 $ 21,742 $ 21,165 As Restated For the Three Months Ended March 31, June 30, September 30, 2022 2022 2022 Common Stock Balance as of beginning-of-period $ 4,735 $ 4,586 $ 4,546 Stock compensation/issued for benefit plans 6 9 15 Retirement of common stock/cancellation of shares ( 155 ) ( 49 ) ( 27 ) Balance as of end-of-period 4,586 4,546 4,534 Retained Earnings Balance as of beginning-of-period 9,578 9,346 9,445 Net income (loss) 92 228 ( 2,583 ) Retirement of common stock ( 245 ) ( 51 ) ( 23 ) Common stock dividends declared ( 79 ) ( 78 ) ( 77 ) Balance as of end-of-period 9,346 9,445 6,762 Accumulated Other Comprehensive Income (Loss) Balance as of beginning-of-period 6,441 1,252 ( 4,337 ) Other comprehensive income (loss), net of tax ( 5,189 ) ( 5,589 ) ( 4,291 ) Balance as of end-of-period 1,252 ( 4,337 ) ( 8,628 ) Total stockholders’ equity as of end-of-period $ 15,184 $ 9,654 $ 2,668 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited, in millions) As Restated For the For the For the Three Months Six Months Nine Months Ended Ended Ended March 31, June 30, September 30, 2021 2021 2021 Cash Flows from Operating Activities Net income (loss) $ 219 $ 864 $ 1,180 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Realized (gain) loss 180 179 100 Sales and maturities (purchases) of trading securities, net 118 230 239 Amortization of deferred gain on business sold through reinsurance ( 9 ) ( 17 ) ( 27 ) Change in: Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization 54 112 346 Premiums and fees receivable ( 161 ) ( 97 ) ( 98 ) Accrued investment income ( 41 ) ( 10 ) ( 34 ) Insurance liabilities and reinsurance-related balances ( 762 ) ( 1,431 ) ( 1,779 ) Accrued expenses ( 40 ) 42 246 Federal income tax accruals 35 166 215 Other ( 216 ) ( 251 ) ( 263 ) Net cash provided by (used in) operating activities ( 623 ) ( 213 ) 125 Cash Flows from Investing Activities Purchases of available-for-sale securities and equity securities ( 3,854 ) ( 8,324 ) ( 11,917 ) Sales of available-for-sale securities and equity securities 571 1,269 1,452 Maturities of available-for-sale securities 1,913 4,700 7,055 Purchases of alternative investments ( 163 ) ( 361 ) ( 506 ) Sales and repayments of alternative investments 54 128 258 Issuance of mortgage loans on real estate ( 887 ) ( 1,632 ) ( 2,210 ) Repayment and maturities of mortgage loans on real estate 403 851 1,274 Repayment (issuance) of policy loans, net ( 76 ) 16 48 Net change in collateral on investments, derivatives and related settlements 1,341 1,888 2,312 Other ( 33 ) ( 71 ) ( 219 ) Net cash provided by (used in) investing activities ( 731 ) ( 1,536 ) ( 2,453 ) Cash Flows from Financing Activities Payment related to modification or early extinguishment of debt - - ( 8 ) Proceeds from certain financing arrangements - 50 50 Deposits of fixed account values, including the fixed portion of variable 3,140 6,378 9,152 Withdrawals of fixed account values, including the fixed portion of variable ( 1,773 ) ( 3,276 ) ( 4,961 ) Transfers from (to) separate accounts, net ( 130 ) ( 255 ) ( 254 ) Common stock issued for benefit plans 7 12 14 Repurchase of common stock ( 105 ) ( 255 ) ( 455 ) Dividends paid to common stockholders ( 80 ) ( 161 ) ( 241 ) Other ( 63 ) ( 63 ) ( 63 ) Net cash provided by (used in) financing activities 996 2,430 3,234 Net increase (decrease) in cash, invested cash and restricted cash ( 358 ) 681 906 Cash, invested cash and restricted cash as of beginning-of-year 1,708 1,708 1,708 Cash, invested cash and restricted cash as of end-of-period $ 1,350 $ 2,389 $ 2,614 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited, in millions) As Restated For the For the For the Three Months Six Months Nine Months Ended Ended Ended March 31, June 30, September 30, 2022 2022 2022 Cash Flows from Operating Activities Net income (loss) $ 92 319 $ ( 2,264 ) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Realized (gain) loss ( 25 ) ( 540 ) ( 752 ) Sales and maturities (purchases) of trading securities, net ( 187 ) 117 163 Amortization of deferred gain on business sold through reinsurance ( 11 ) ( 22 ) ( 31 ) Impairment of intangibles - - 634 Change in: Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization 31 - 74 Premiums and fees receivable ( 91 ) ( 76 ) ( 3 ) Accrued investment income ( 35 ) ( 40 ) ( 80 ) Insurance liabilities and reinsurance-related balances 1,275 3,116 6,166 Accrued expenses ( 262 ) ( 371 ) ( 402 ) Federal income tax accruals 39 69 ( 498 ) Other ( 74 ) 135 383 Net cash provided by (used in) operating activities 752 2,707 3,390 Cash Flows from Investing Activities Purchases of available-for-sale securities and equity securities ( 3,934 ) ( 8,204 ) ( 12,008 ) Sales of available-for-sale securities and equity securities 105 308 1,196 Maturities of available-for-sale securities 1,604 3,231 4,333 Purchases of alternative investments ( 161 ) ( 329 ) ( 484 ) Sales and repayments of alternative investments 131 183 383 Issuance of mortgage loans on real estate ( 539 ) ( 1,366 ) ( 1,924 ) Repayment and maturities of mortgage loans on real estate 717 1,428 1,872 Repayment (issuance) of policy loans, net 25 ( 5 ) 17 Net change in collateral on investments, derivatives and related settlements 16 ( 1,893 ) ( 3,155 ) Other ( 104 ) ( 101 ) ( 93 ) Net cash provided by (used in) investing activities ( 2,140 ) ( 6,748 ) ( 9,863 ) Cash Flows from Financing Activities Payment of long-term debt, including current maturities ( 300 ) ( 300 ) ( 300 ) Issuance of long-term debt, net of issuance costs 297 297 296 Payment related to sale-leaseback transactions ( 4 ) ( 47 ) ( 52 ) Proceeds from certain financing arrangements - 53 53 Deposits of fixed account values, including the fixed portion of variable 3,046 6,900 11,062 Withdrawals of fixed account values, including the fixed portion of variable ( 1,884 ) ( 3,352 ) ( 4,997 ) Transfers from (to) separate accounts, net 70 116 71 Common stock issued for benefit plans ( 10 ) ( 14 ) ( 15 ) Repurchase of common stock ( 400 ) ( 500 ) ( 550 ) Dividends paid to common stockholders ( 79 ) ( 157 ) ( 234 ) Other - - ( 1 ) Net cash provided by (used in) financing activities 736 2,996 5,333 Net increase (decrease) in cash, invested cash and restricted cash ( 652 ) ( 1,045 ) ( 1,140 ) Cash, invested cash and restricted cash as of beginning-of-year 2,612 2,612 2,612 Cash, invested cash and restricted cash as of end-of-period $ 1,960 $ 1,567 $ 1,472 LINCOLN NATIONAL CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited, in millions, except share data) As of March 31, 2021 As Previously Restatement As Reported Impacts Restated ASSETS Investments: Fixed maturity available-for-sale securities, at fair value (amortized cost: 2021 - $ 105,866 ; allowance for credit losses: 2021 - $ 14 ) $ 117,313 $ - $ 117,313 Trading securities 4,365 ( 21 ) 4,344 Equity securities 123 21 144 Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2021 - $ 874 ) 17,255 - 17,255 Policy loans 2,502 - 2,502 Derivative investments 3,453 29 3,482 Other investments 3,548 ( 1 ) 3,547 Total investments 148,559 28 148,587 Cash and invested cash 1,350 - 1,350 Deferred acquisition costs and value of business acquired 7,665 - 7,665 Accrued investment income 1,301 - 1,301 Reinsurance recoverables, net of allowance for credit losses 16,289 - 16,289 Goodwill 1,778 - 1,778 Other assets 18,479 ( 215 ) 18,264 Separate account assets 171,339 - 171,339 Total assets $ 366,760 $ ( 187 ) $ 366,573 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Future contract benefits $ 39,591 $ 1 $ 39,592 Other contract holder funds 107,002 - 107,002 Short-term debt 300 - 300 Long-term debt 6,294 - 6,294 Payables for collateral on investments 7,597 - 7,597 Other liabilities 15,044 ( 182 ) 14,862 Separate account liabilities 171,339 - 171,339 Total liabilities 347,167 ( 181 ) 346,986 Contingencies and Commitments (See Note 13) Stockholders’ Equity Preferred stock – 10,000,000 shares authorized - - - Common stock – 800,000,000 shares authorized; 191,149,192 shares issued and outstanding as of March 31, 2021 5,057 - 5,057 Retained earnings 8,775 ( 6 ) 8,769 Accumulated other comprehensive income (loss) 5,761 - 5,761 Total stockholders’ equity 19,593 ( 6 ) 19,587 Total liabilities and stockholders’ equity $ 366,760 $ ( 187 ) $ 366,573 LINCOLN NATIONAL CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited, in millions, except share data) As of June 30, 2021 As Previously Restatement As Reported Impacts Restated ASSETS Investments: Fixed maturity available-for-sale securities, at fair value (amortized cost: 2021 - $ 106,668 ; allowance for credit losses: 2021 - $ 9 ) $ 122,215 $ - $ 122,215 Trading securities 4,232 ( 21 ) 4,211 Equity securities 174 21 195 Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2021 - $ 818 ) 17,586 - 17,586 Policy loans 2,410 - 2,410 Derivative investments 4,548 182 4,730 Other investments 3,950 ( 2 ) 3,948 Total investments 155,115 180 155,295 Cash and invested cash 2,389 - 2,389 Deferred acquisition costs and value of business acquired 6,261 - 6,261 Accrued investment income 1,254 - 1,254 Reinsurance recoverables, net of allowance for credit losses 15,981 - 15,981 Goodwill 1,778 - 1,778 Other assets 18,575 ( 450 ) 18,125 Separate account assets 178,795 - 178,795 Total assets $ 380,148 $ ( 270 ) $ 379,878 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Future contract benefits $ 40,250 $ 1 $ 40,251 Other contract holder funds 108,778 - 108,778 Short-term debt 300 - 300 Long-term debt 6,334 - 6,334 Payables for collateral on investments 8,199 - 8,199 Other liabilities 15,747 ( 268 ) 15,479 Separate account liabilities 178,795 - 178,795 Total liabilities 358,403 ( 267 ) 358,136 Contingencies and Commitments (See Note 13) Stockholders’ Equity Preferred stock – 10,000,000 shares authorized - - - Common stock – 800,000,000 shares authorized; 189,089,948 shares issued and outstanding as of June 30, 2021 5,021 - 5,021 Retained earnings 9,245 ( 3 ) 9,242 Accumulated other comprehensive income (loss) 7,479 - 7,479 Total stockholders’ equity 21,745 ( 3 ) 21,742 Total liabilities and stockholders’ equity $ 380,148 $ ( 270 ) $ 379,878 LINCOLN NATIONAL CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited, in millions, except share data) As of September 30, 2021 As Previously Restatement As Reported Impacts Restated ASSETS Investments: Fixed maturity available-for-sale securities, at fair value (amortized cost: 2021 - $ 107,459 ; allowance for credit losses: 2021 - $ 17 ) $ 122,085 $ - $ 122,085 Trading securities 4,191 ( 21 ) 4,170 Equity securities 243 21 264 Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2021 - $ 792 ) 17,730 - 17,730 Policy loans 2,379 - 2,379 Derivative investments 4,828 247 5,075 Other investments 4,069 ( 3 ) 4,066 Total investments 155,525 244 155,769 Cash and invested cash 2,614 - 2,614 Deferred acquisition costs and value of business acquired 5,965 1 5,966 Accrued investment income 1,297 - 1,297 Reinsurance recoverables, net of allowance for credit losses 15,729 - 15,729 Goodwill 1,778 - 1,778 Other assets 18,477 ( 401 ) 18,076 Separate account assets 175,667 - 175,667 Total assets $ 377,052 $ ( 156 ) $ 376,896 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Future contract benefits $ 40,641 $ - $ 40,641 Other contract holder funds 109,297 3 109,300 Short-term debt 300 - 300 Long-term debt 6,323 - 6,323 Payables for collateral on investments 8,379 - 8,379 Other liabilities 15,275 ( 154 ) 15,121 Separate account liabilities 175,667 - 175,667 Total liabilities 355,882 ( 151 ) 355,731 Contingencies and Commitments (See Note 13) Stockholders’ Equity Preferred stock – 10,000,000 shares authorized - - - Common stock – 800,000,000 shares authorized; 186,089,222 shares issued and outstanding as of September 30, 2021 4,956 - 4,956 Retained earnings 9,365 ( 5 ) 9,360 Accumulated other comprehensive income (loss) 6,849 - 6,849 Total stockholders’ equity 21,170 ( 5 ) 21,165 Total liabilities and stockholders’ equity $ 377,052 $ ( 156 ) $ 376,896 LINCOLN NATIONAL CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited, in millions, except share data) As of March 31, 2022 As Previously Restatement As Reported Impacts Restated ASSETS Investments: Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $ 107,587 ; allowance for credit losses: 2022 - $ 20 ) $ 110,695 $ ( 32 ) $ 110,663 Trading securities 4,385 ( 21 ) 4,364 Equity securities 346 53 399 Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $ 537 ) 17,892 - 17,892 Policy loans 2,339 - 2,339 Derivative investments 4,840 ( 267 ) 4,573 Other investments 4,127 ( 5 ) 4,122 Total investments 144,624 ( 272 ) 144,352 Cash and invested cash 1,960 - 1,960 Deferred acquisition costs and value of business acquired 8,810 1 8,811 Accrued investment income 1,247 - 1,247 Reinsurance recoverables, net of allowance for credit losses 20,044 - 20,044 Goodwill 1,778 - 1,778 Other assets 18,587 ( 120 ) 18,467 Separate account assets 168,879 - 168,879 Total assets $ 365,929 $ ( 391 ) $ 365,538 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Future contract benefits $ 39,773 $ 3 $ 39,776 Other contract holder funds 112,901 12 112,913 Long-term debt 6,561 - 6,561 Payables for collateral on investments 8,927 - 8,927 Other liabilities 14,176 ( 878 ) 13,298 Separate account liabilities 168,879 - 168,879 Total liabilities 351,217 ( 863 ) 350,354 Contingencies and Commitments (See Note 13) Stockholders’ Equity Preferred stock – 10,000,000 shares authorized - - - Common stock – 800,000,000 shares authorized; 171,890,974 shares issued and outstanding as of March 31, 2022 4,586 - 4,586 Retained earnings 8,876 470 9,346 Accumulated other comprehensive income (loss) 1,250 2 1,252 Total stockholders’ equity 14,712 472 15,184 Total liabilities and stockholders’ equity $ 365,929 $ ( 391 ) $ 365,538 LINCOLN NATIONAL CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited, in millions, except share data) As of June 30, 2022 As Previously Restatement As Reported Impacts Restated ASSETS Investments: Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $ 109,592 ; allowance for credit losses: 2022 - $ 12 ) $ 103,365 $ ( 48 ) $ 103,317 Trading securities 3,822 ( 19 ) 3,803 Equity securities 344 67 411 Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $ 528 ) 17,922 - 17,922 Policy loans 2,368 - 2,368 Derivative investments 3,370 ( 203 ) 3,167 Other investments 4,054 24 4,078 Total investments 135,245 ( 179 ) 135,066 Cash and invested cash 1,567 - 1,567 Deferred acquisition costs and value of business acquired 11,872 - 11,872 Accrued investment income 1,226 - 1,226 Reinsurance recoverables, net of allowance for credit losses 19,909 - 19,909 Goodwill 1,778 - 1,778 Other assets 18,381 ( 244 ) 18,137 Separate account assets 145,791 - 145,791 Total assets $ 335,769 $ ( 423 ) $ 335,346 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Future contract benefits $ 39,306 $ 3 $ 39,309 Other contract holder funds 115,127 18 115,145 Long-term debt 6,498 - 6,498 Payables for collateral on investments 7,524 - 7,524 Other liabilities 12,335 ( 910 ) 11,425 Separate account liabilities 145,791 - 145,791 Total liabilities 326,581 ( 889 ) 325,692 Contingencies and Commitments (See Note 13) Stockholders’ Equity Preferred stock – 10,000,000 shares authorized - - - Common stock – 800,000,000 shares authorized; 170,224,116 shares issued and outstanding as of June 30, 2022 4,546 - 4,546 Retained earnings 8,985 460 9,445 Accumulated other comprehensive income (loss) ( 4,343 ) 6 ( 4,337 ) Total stockholders’ equity 9,188 466 9,654 Total liabilities and stockholders’ equity $ 335,769 $ ( 423 ) $ 335,346 LINCOLN NATIONAL CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited, in millions, except share data) As of September 30, 2022 As Previously Restatement As Reported Impacts Restated ASSETS Investments: Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $ 111,058 ; allowance for credit losses: 2022 - $ 18 ) $ 97,572 $ - $ 97,572 Trading securities 3,580 - 3,580 Equity securities 427 - 427 Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $ 495 ) 18,066 - 18,066 Policy loans 2,347 - 2,347 Derivative investments 3,681 ( 226 ) 3,455 Other investments 3,820 ( 7 ) 3,813 Total investments 129,493 ( 233 ) 129,260 Cash and invested cash 1,472 - 1,472 Deferred acquisition costs and value of business acquired 13,676 8 13,684 Accrued investment income 1,283 - 1,283 Reinsurance recoverables, net of allowance for credit losses 20,045 - 20,045 Goodwill 1,144 - 1,144 Other assets 20,275 ( 284 ) 19,991 Separate account assets 137,295 - 137,295 Total assets $ 324,683 $ ( 509 ) $ 324,174 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Future contract benefits $ 41,716 $ - $ 41,716 Other contract holder funds 118,174 27 118,201 Short-term debt 500 - 500 Long-term debt 5,959 - 5,959 Payables for collateral on investments 6,865 - 6,865 Other liabilities 11,957 ( 987 ) 10,970 Separate account liabilities 137,295 - 137,295 Total liabilities 322,466 ( 960 ) 321,506 Contingencies and Commitments (See Note 13) Stockholders’ Equity Preferred stock – 10,000,000 shares authorized - - - Common stock – 800,000,000 shares authorized; 169,214,493 shares issued and outstanding as of September 30, 2022 4,534 - 4,534 Retained earnings 6,311 451 6,762 Accumulated other comprehensive income (loss) ( 8,628 ) - ( 8,628 ) Total stockholders’ equity 2,217 451 2,668 Total liabilities and stockholders’ equity $ 324,683 $ ( 509 ) $ 324,174 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited, in millions, except per share data) For the Three Months Ended March 31, 2021 As Previously Restatement As Reported Impacts Restated Revenues Insurance premiums $ 1,406 $ ( 6 ) $ 1,400 Fee income 1,592 5 1,597 Net investment income 1,510 ( 1 ) 1,509 Realized gain (loss) ( 181 ) 1 ( 180 ) Amortization of deferred gain on business sold through reinsurance 9 - 9 Other revenues 198 - 198 Total revenues 4,534 ( 1 ) 4,533 Expenses Interest credited 737 6 743 Benefits 2,226 1 2,227 Commissions and other expenses 1,231 - 1,231 Interest and debt expense 65 - 65 Spark program expense 13 - 13 Total expenses 4,272 7 4,279 Income (loss) before taxes 262 ( 8 ) 254 Federal income tax expense (benefit) 37 ( 2 ) 35 Net income (loss) 225 ( 6 ) 219 Other comprehensive income (loss), net of tax ( 3,170 ) - ( 3,170 ) Comprehensive income (loss) $ ( 2,945 ) $ ( 6 ) $ ( 2,951 ) Net Income (Loss) Per Common Share Basic $ 1.17 $ ( 0.03 ) $ 1.14 Diluted $ 1.16 $ ( 0.03 ) $ 1.13 Cash Dividends Declared Per Common Share $ 0.42 $ - $ 0.42 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited, in millions, except per share data) For the Three Months Ended June 30, 2021 As Previously Restatement As Reported Impacts Restated Revenues Insurance premiums $ 1,398 $ 6 $ 1,404 Fee income 1,670 3 1,673 Net investment income 1,584 ( 1 ) 1,583 Realized gain (loss) ( 2 ) 3 1 Amortization of deferred gain on business sold through reinsurance 9 - 9 Other revenues 192 - 192 Total revenues 4,851 11 4,862 Expenses Interest credited 737 8 745 Benefits 1,930 - 1,930 Commissions and other expenses 1,326 ( 1 ) 1,325 Interest and debt expense 65 - 65 Spark program expense 21 - 21 Total expenses 4,079 7 4,086 Income (loss) before taxes 772 4 776 Federal income tax expense (benefit) 130 1 131 Net income (loss) 642 3 645 Other comprehensive income (loss), net of tax 1,718 - 1,718 Comprehensive income (loss) $ 2,360 $ 3 $ 2,363 Net Income (Loss) Per Common Share Basic $ 3.38 $ 0.02 $ 3.40 Diluted $ 3.34 $ 0.02 $ 3.36 Cash Dividends Declared Per Common Share $ 0.42 $ - $ 0.42 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited, in millions, except per share data) For the Three Months Ended September 30, 2021 As Previously Restatement As Reported Impacts Restated Revenues Insurance premiums $ 1,394 $ - $ 1,394 Fee income 1,996 4 2,000 Net investment income 1,576 ( 1 ) 1,575 Realized gain (loss) 85 ( 6 ) 79 Amortization of deferred gain on business sold through reinsurance 9 - 9 Other revenues 181 - 181 Total revenues 5,241 ( 3 ) 5,238 Expenses Interest credited 750 ( 2 ) 748 Benefits 2,122 ( 1 ) 2,121 Commissions and other expenses 1,906 2 1,908 Interest and debt expense 73 - 73 Spark program expense 22 - 22 Total expenses 4,873 ( 1 ) 4,872 Income (loss) before taxes 368 ( 2 ) 366 Federal income tax expense (benefit) 50 - 50 Net income (loss) 318 ( 2 ) 316 Other comprehensive income (loss), net of tax ( 630 ) - ( 630 ) Comprehensive income (loss) $ ( 312 ) $ ( 2 ) $ ( 314 ) Net Income (Loss) Per Common Share Basic $ 1.70 $ ( 0.01 ) $ 1.69 Diluted $ 1.68 $ ( 0.01 ) $ 1.67 Cash Dividends Declared Per Common Share $ 0.42 $ - $ 0.42 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited, in millions, except per share data) For the Three Months Ended December 31, 2021 As Previously Restatement As Reported Impacts Restated Revenues Insurance premiums $ 1,419 $ - $ 1,419 Fee income 1,629 6 1,635 Net investment income 1,445 ( 1 ) 1,444 Realized gain (loss) ( 114 ) 628 514 Amortization of deferred gain on business sold through reinsurance 19 ( 8 ) 11 Other revenues 206 - 206 Total revenues 4,604 625 5,229 Expenses Interest credited 691 5 696 Benefits 2,251 - 2,251 Commissions and other expenses 1,328 2 1,330 Interest and debt expense 67 - 67 Spark program expense 31 - 31 Total expenses 4,368 7 4,375 Income (loss) before taxes 236 618 854 Federal income tax expense (benefit) 16 130 146 Net income (loss) 220 488 708 Other comprehensive income (loss), net of tax ( 408 ) - ( 408 ) Comprehensive income (loss) $ ( 188 ) $ 488 $ 300 Net Income (Loss) Per Common Share Basic $ 1.22 $ 2.70 $ 3.92 Diluted $ 1.20 $ 2.66 $ 3.86 Cash Dividends Declared Per Common Share $ 0.45 $ - $ 0.45 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited, in millions, except per share data) For the Three Months Ended March 31, 2022 As Previously Restatement As Reported Impacts Restated Revenues Insurance premiums $ 1,477 $ - $ 1,477 Fee income 1,568 - 1,568 Net investment income 1,412 ( 1 ) 1,411 Realized gain (loss) 29 ( 4 ) 25 Amortization of deferred gain on business sold through reinsurance 19 ( 8 ) 11 Other revenues 182 - 182 Total revenues 4,687 ( 13 ) 4,674 Expenses Interest credited 697 - 697 Benefits 2,565 3 2,568 Commissions and other expenses 1,236 ( 1 ) 1,235 Interest and debt expense 66 - 66 Spark program expense 31 - 31 Total expenses 4,595 2 4,597 Income (loss) before taxes 92 ( 15 ) 77 Federal income tax expense (benefit) ( 12 ) ( 3 ) ( 15 ) Net income (loss) 104 ( 12 ) 92 Other comprehensive income (loss), net of tax ( 5,191 ) 2 ( 5,189 ) Comprehensive income (loss) $ ( 5,087 ) $ ( 10 ) $ ( 5,097 ) Net Income (Loss) Per Common Share Basic $ 0.60 $ ( 0.07 ) $ 0.53 Diluted $ 0.58 $ ( 0.06 ) $ 0.52 Cash Dividends Declared Per Common Share $ 0.45 $ - $ 0.45 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited, in millions, except per share data) For the Three Months Ended June 30, 2022 As Previously Restatement As Reported Impacts Restated

SCHEDULE I - CONSOLIDATED SUMMA

SCHEDULE I - CONSOLIDATED SUMMARY OF INVESTMENTS, OTHER THAN INVESTMENTS IN RELATED PARTIES	12 Months Ended
	Dec. 31, 2022
Consolidated Summary of Investments, Other than Investments in Related Parties [Abstract]
Summary of Investments - Other than Investments in Related Parties Supplemental Schedule	LINCOLN NATIONAL CORPORATION SCHEDULE I – CONSOLIDATED SUMMARY OF INVESTMENTS – OTHER THAN INVESTMENTS IN RELATED PARTIES (in millions) Column A Column B Column C Column D As Restated As of December 31, 2022 Fair Carrying Type of Investment Cost Value Value Fixed Maturity Available-For-Sale Securities (1) Bonds: U.S. gover nment bonds $ 405 $ 379 $ 379 Foreign government bonds 348 318 318 State and municipal bonds 5,410 5,070 5,070 Public utilities 14,204 12,493 12,493 All other corporate bonds 75,045 66,530 66,530 Mortgage-backed and asset-backed securities 15,930 14,587 14,587 Hybrid and redeemable preferred securities 365 359 359 Total fixed maturity available-for-sale securities 111,707 99,736 99,736 Equity Securities Common stocks: Banks, trusts and insurance companies 48 47 47 Industrial, miscellaneous and all other 50 146 146 Non-redeemable preferred securities 285 234 234 Total equity securities 383 427 427 Trading securities 3,833 3,498 3,498 Mortgage loans on real estate (2) 18,427 16,553 18,301 Policy loans 2,359 N/A 2,359 Derivative investments 1,869 3,594 3,594 Other investments 3,739 3,739 3,739 Total investments $ 142,317 $ 131,654 (1) For investments deemed to have declines in value that are impairment-related, an allowance for credit losses is recorded to reduce the carrying value to their estimated realizable value. (2) Mortgage loans on real estate are generally carried at unpaid principal balances adjusted for amortization of premiums and accretion of discounts and are net of allowance for credit losses. We carry certain mortgage loans at fair value where the fair value option has been elected.

SCHEDULE II - CONDENSED FINANCI

SCHEDULE II - CONDENSED FINANCIAL INFORMATION OF REGISTRANT	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Of Registrant [Abstract]
Condensed financial information of registrant	LINCOLN NATIONAL CORPORATION SCHEDULE II – CONDENSED FINANCIAL INFORMATION OF REGISTRANT BALANCE SHEETS (Parent Company Only) (in millions, except share data) As Restated As of December 31, 2022 2021 ASSETS Investments in subsidiaries (1) $ 9,249 $ 25,171 Derivative investments 119 - Other investments 92 761 Cash and invested cash 715 203 Loans and accrued interest to subsidiaries (1) 2,491 3,194 Other assets 101 159 Total assets $ 12,767 $ 29,488 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Common stock dividends payable $ 76 $ 80 Derivative investments liability - 425 Short-term debt 500 300 Long-term debt 6,455 6,325 Loans from subsidiaries (1) 679 1,247 Other liabilities 488 357 Total liabilities 8,198 8,734 Contingencies and Commitments Stockholders’ Equity Preferred stock – 10,000,000 shares authorized: Series C preferred stock – 20,000 shares authorized, issued and outstanding as of December 31, 2022 493 - Series D preferred stock – 20,000 shares authorized, issued and outstanding as of December 31, 2022 493 - Common stock – 800,000,000 shares authorized; 169,220,511 and 177,193,515 shares issued and outstanding as of December 31, 2022, and December 31, 2021, respectively 4,544 4,735 Retained earnings 6,707 9,578 Accumulated other comprehensive income (loss) ( 7,668 ) 6,441 Total stockholders’ equity 4,569 20,754 Total liabilities and stockholders’ equity $ 12,767 $ 29,488 (1) Eliminated in consolidation. LINCOLN NATIONAL CORPORATION SCHEDULE II – CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Continued) STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parent Company Only) (in millions) As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Revenues Dividends from subsidiaries (1) $ 797 $ 2,060 $ 840 Interest from subsidiaries (1) 159 114 127 Net investment income 3 1 4 Total revenues 959 2,175 971 Expenses Operating and administrative expenses 52 69 50 Interest – subsidiaries (1) 38 10 20 Interest – other 266 263 275 Total expenses 356 342 345 Income (loss) before federal income taxes, equity in income (loss) of subsidiaries 603 1,833 626 Federal income tax expense (benefit) ( 42 ) ( 49 ) ( 45 ) Income (loss) before equity in income (loss) of subsidiaries 645 1,882 671 Equity in income (loss) of subsidiaries ( 2,886 ) 5 ( 172 ) Net income (loss) ( 2,241 ) 1,887 499 Other comprehensive income (loss), net of tax: Unrealized investment gains (losses) ( 14,030 ) ( 2,535 ) 3,192 Foreign currency translation adjustment ( 20 ) ( 2 ) 5 Funded status of employee benefit plans ( 59 ) 47 61 Total other comprehensive income (loss), net of tax ( 14,109 ) ( 2,490 ) 3,258 Comprehensive income (loss) $ ( 16,350 ) $ ( 603 ) $ 3,757 (1) Eliminated in consolidation. LINCOLN NATIONAL CORPORATION SCHEDULE II – CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Continued) STATEMENTS OF CASH FLOWS (Parent Company Only) (in millions) For the Years Ended December 31, 2022 2021 2020 Net Cash Provided by (Used in) Operating Activities $ 608 $ 1,860 $ 726 Cash Flows from Investing Activities Capital contribution to subsidiaries (1) ( 925 ) ( 65 ) ( 518 ) Net change in collateral on investments, derivatives and related settlements 583 168 ( 303 ) Other ( 5 ) ( 40 ) - Net cash provided by (used in) investing activities ( 347 ) 63 ( 821 ) Cash Flows from Financing Activities Payment of long-term debt, including current maturities ( 300 ) - ( 1,096 ) Issuance of long-term debt, net of issuance costs 296 - 1,289 Payment related to modification or early extinguishment of debt - ( 8 ) ( 13 ) Increase (decrease) in loans from subsidiaries, net (1) ( 563 ) ( 188 ) 565 Increase (decrease) in loans to subsidiaries, net (1) 708 ( 234 ) ( 514 ) Common stock issued for benefit plans ( 16 ) 20 ( 7 ) Issuance of preferred stock, net of issuance costs 986 - - Repurchase of common stock ( 550 ) ( 1,105 ) ( 275 ) Dividends paid to common stockholders ( 310 ) ( 319 ) ( 311 ) Other - - ( 6 ) Net cash provided by (used in) financing activities 251 ( 1,834 ) ( 368 ) Net increase (decrease) in cash, invested cash and restricted cash 512 89 ( 463 ) Cash, invested cash and restricted cash as of beginning-of-year 203 114 577 Cash, invested cash and restricted cash as of end-of-year $ 715 $ 203 $ 114 (1) Eliminated in consolidation.

SCHEDULE III - CONSOLIDATED SUP

SCHEDULE III - CONSOLIDATED SUPPLEMENTARY INSURANCE INFORMATION	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Abstract]
Supplementary Insurance Information	LINCOLN NATIONAL CORPORATION SCHEDULE III – CONDENSED SUPPLEMENTARY INSURANCE INFORMATION (in millions) Column A Column B Column C Column D Column E Column F Other Future Contract DAC and Contract Unearned Holder Insurance Segment VOBA Benefits Premiums (1) Funds Premiums As of or For the Year Ended December 31, 2022 Life Insurance $ 8,419 $ 20,208 $ - $ 44,129 $ 1,146 Annuities 4,704 5,556 - 45,487 165 Group Protection 164 6,580 - 213 4,768 Retirement Plan Services 301 18 - 25,133 - Other Operations - 9,789 - 5,838 8 Total $ 13,588 $ 42,151 $ - $ 120,800 $ 6,087 As Restated As of or For the Year Ended December 31, 2021 Life Insurance $ 1,672 $ 20,389 $ - $ 39,717 $ 1,033 Annuities 4,088 4,181 - 41,627 116 Group Protection 171 6,326 - 214 4,450 Retirement Plan Services 152 15 - 23,635 - Other Operations - 10,119 - 6,517 18 Total $ 6,083 $ 41,030 $ - $ 111,710 $ 5,617 As of or For the Year Ended December 31, 2020 Life Insurance $ 1,723 $ 20,127 $ - $ 39,797 $ 950 Annuities 3,782 4,183 - 35,218 121 Group Protection 187 5,986 - 213 4,280 Retirement Plan Services 120 11 - 22,912 - Other Operations - 10,507 - 7,265 21 Total $ 5,812 $ 40,814 $ - $ 105,405 $ 5,372 (1) Unearned premiums are included in Column C, future contract benefits. LINCOLN NATIONAL CORPORATION SCHEDULE III – CONDENSED SUPPLEMENTARY INSURANCE INFORMATION (Continued) (in millions) Column A Column G Column H Column I Column J Column K Benefits Amortization Net and of DAC Other Investment Interest and Operating Premiums Segment Income Credited VOBA Expenses Written As Restated As of or For the Year Ended December 31, 2022 Life Insurance $ 2,586 $ 8,338 $ 623 $ 715 $ - Annuities 1,463 2,478 270 1,562 - Group Protection 334 3,849 106 1,220 - Retirement Plan Services 976 633 18 378 - Other Operations 156 118 - 653 - Total $ 5,515 $ 15,416 $ 1,017 $ 4,528 $ - As Restated As of or For the Year Ended December 31, 2021 Life Insurance $ 3,207 $ 5,732 $ 1,030 $ 739 $ - Annuities 1,400 1,092 462 1,679 - Group Protection 365 3,895 107 1,154 - Retirement Plan Services 991 620 32 387 - Other Operations 148 123 - 568 - Total $ 6,111 $ 11,462 $ 1,631 $ 4,527 $ - As of or For the Year Ended December 31, 2020 Life Insurance $ 2,823 $ 6,077 $ 786 $ 720 $ - Annuities 1,272 1,245 365 1,467 - Group Protection 330 3,505 114 1,120 - Retirement Plan Services 933 617 29 375 - Other Operations 152 156 - 456 - Total $ 5,510 $ 11,600 $ 1,294 $ 4,138 $ -

SCHEDULE IV - CONSOLIDATED REIN

SCHEDULE IV - CONSOLIDATED REINSURANCE	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract]
Reinsurance Supplemental Schedule	LINCOLN NATIONAL CORPORATION SCHEDULE IV – CONSOLIDATED REINSURANCE (in millions) Column A Column B Column C Column D Column E Column F Ceded Assumed Percentage to from of Amount Gross Other Other Net Assumed Description Amount Companies Companies Amount to Net As of or For the Year Ended December 31, 2022 Individual life insurance in-force (1) $ 2,028,279 $ 831,478 $ 6,512 $ 1,203,313 0.5 % Premiums: Life insurance and annuities (2) 10,698 1,864 94 8,928 1.1 % Accident and health insurance 3,243 34 4 3,213 0.1 % Total premiums $ 13,941 $ 1,898 $ 98 $ 12,141 As Restated As of or For the Year Ended December 31, 2021 Individual life insurance in-force (1) $ 1,845,479 $ 776,226 $ 7,659 $ 1,076,912 0.7 % Premiums: Life insurance and annuities (2) 11,122 1,707 88 9,503 0.9 % Accident and health insurance 3,050 37 6 3,019 0.2 % Total premiums $ 14,172 $ 1,744 $ 94 $ 12,522 As of or For the Year Ended December 31, 2020 Individual life insurance in-force (1) $ 1,653,625 $ 674,256 $ 7,875 $ 987,244 0.8 % Premiums: Life insurance and annuities (2) 10,474 1,621 88 8,941 1.0 % Accident and health insurance 2,830 35 7 2,802 0.2 % Total premiums $ 13,304 $ 1,656 $ 95 $ 11,743 (1) Includes Group Protection segment and Other Operations in-force amounts. (2) Includes insurance fees on universal life and other interest-sensitive products.

Nature of Operations, Basis o_2

Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies (Policy)	12 Months Ended
	Dec. 31, 2022
Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies [Abstract]
Nature Of Operations	Nature of Operations Lincoln National Corporation and its subsidiaries (“LNC” or the “Company,” which also may be referred to as “we,” “our” or “us”) operate multiple insurance businesses through four business segments. See Note 21 for additional details. The collective group of businesses uses “Lincoln Financial Group” as its marketing identity. Through our business segments, we sell a wide range of wealth protection, accumulation, group protection and retirement income products and solutions. These products primarily include universal life insurance (“UL”), variable universal life insurance (“VUL”), linked-benefit UL and VUL, indexed universal life insurance (“IUL”), term life insurance, fixed and indexed annuities, variable annuities, group life, disability and dental and employer-sponsored retirement plans and services.
Basis Of Presentation	Basis of Presentation The accompanying consolidated financial statements are prepared in accordance with United States of America generally accepted accounting principles (“GAAP”). Certain GAAP policies, which significantly affect the determination of financial condition, results of operations and cash flows, are summarized below.
Restatement of Previously Issued Consolidated Financial Statements	Restatement of Previously Issued Consolidated Financial Statements We have restated herein our audited consolidated financial statements for the years ended December 31, 2022, and December 31, 2021. We have also restated interim financial statement periods for the quarters of 2022 and 2021 and restated impacted amounts within the accompanying notes to the consolidated financial statements. Restatement Background Previously, we had entered into a block reinsurance agreement with Resolution Life to reinsure approximately $ 9.4 billion of in-force executive benefit and universal life reserves. A portion of the transaction was structured as coinsurance, and we paid as consideration investments with a book value of approximately $ 4.6 billion and a fair value of approximately $ 5.2 billion as of October 1, 2021, triggering a realized gain of $ 635 million. This contributed to a total deferred gain of $ 797 million. At the time of the transaction, we concluded that the $ 635 million realized gain would be deferred and amortized into income over the benefit period of the reinsurance treaty. The Company’s management has concluded that a gain or loss amount pertaining to the transfer of investments to the assuming company in a coinsurance transaction should be recorded as a realized gain or loss at the time of the transfer. As a result, it was determined that the $ 635 million deferred gain pertaining to the sale of investments should have been recognized immediately in the fourth quarter of 2021 when the investments were transferred to Resolution Life. This misstatement is described in more detail in “Description of Misstatements – Misstatement Associated with the Coinsurance Reinsurance Transaction” below. As part of the restatement, we also recorded adjustments to correct for previously identified other immaterial misstatements in the impacted periods that are described in more detail in “Description of Misstatements – Other Immaterial Misstatements” below. Accordingly, we have restated herein the consolidated financial statements for the years ended December 31, 2022 and December 31, 2021, in accordance with Accounting Standards Codification (“ASC”) Topic 250, Accounting Changes and Error Corrections. The unaudited restated interim financial information for the quarterly periods in 2022 and 2021 is included in Note 23. The categories of misstatements and their impact on the previously issued consolidated financial statements are described in more detail below. Description of Misstatements Misstatement Associated with the Coinsurance Reinsurance Transaction We recorded adjustments to recognize the realized gain related to the transaction through net income in 2021 instead of deferring and amortizing this gain into net income. These adjustments, which are discussed below, are reflected in the restatement tables below and in Note 23. For the year ended December 31, 2021, the correction of the misstatement resulted in a $ 635 million increase to realized gain (loss), an $ 8 million decrease to amortization of deferred gain on business sold through reinsurance, a $ 4 million increase to commissions and other expenses related to state income taxes associated with the realized gain and a $ 131 million increase to federal income tax expense on our Consolidated Statements of Comprehensive Income (Loss). Additionally, the correction of the misstatement resulted in a $ 492 million decrease to other liabilities and a $ 492 million increase to retained earnings on our Consolidated Balance Sheets as of December 31, 2021. For the year ended December 31, 2022, the correction of the misstatement resulted in a $ 32 million decrease to amortization of deferred gain on business sold through reinsurance on our Consolidated Statements of Comprehensive Income (Loss). Additionally, the correction of the misstatement resulted in a $ 467 million increase to retained earnings on our Consolidated Balance Sheets as of December 31, 2022. Other Immaterial Misstatements As part of the restatement, we made corrections to previously identified errors that the Company determined to be immaterial, both individually and in the aggregate (the “Other Adjustments”) for the years ended December 31, 2022, and December 31, 2021. The Other Adjustments resulted in an increase of $ 12 million to income (loss) before taxes and a decrease of $ 12 million to income (loss) before taxes for the years ended December 31, 2022, and December 31, 2021, respectively. The Other Adjustments included adjustments and reclassifications on our Consolidated Balance Sheets as of December 31, 2022, and December 31, 2021, that had no impact on stockholders’ equity. We reclassified derivative investments that resulted in a decrease to derivative investments of $ 142 million, a decrease to other assets of $ 70 million and a decrease to other liabilities of $ 212 million as of December 31, 2022. We reclassified derivative investments that resulted in a decrease to other assets of $ 760 million, an increase to derivative investments of $ 260 million and a decrease to other liabilities of $ 500 million as of December 31, 2021. The combined impacts of the correction of the misstatement associated with the coinsurance reinsurance transaction and the Other Adjustments are reflected in the “restatement impacts” column of the restatement tables below and in Note 23. Description of Restatement Tables The following tables present the amounts previously reported and a reconciliation to the restated amounts reported on the restated Consolidated Balance Sheets as of December 31, 2022, and December 31, 2021, and the restated Consolidated Statements of Comprehensive Income (Loss), the restated Consolidated Statements of Stockholders’ Equity and the restated Consolidated Statements of Cash Flows for the years ended December 31, 2022, and December 31, 2021. The amounts as previously reported for the years ended December 31, 2022, and December 31, 2021, were derived from our Annual Report on Form 10-K for the year ended December 31, 2022, originally filed on February 16, 2023.
Principles Of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of LNC and all other entities in which we have a controlling financial interest and any variable interest entities (“VIEs”) in which we are the primary beneficiary. We use the equity method of accounting to recognize all of our investments in limited liability partnerships. All material inter-company accounts and transactions have been eliminated in consolidation. Our involvement with VIEs is primarily to invest in assets that allow us to gain exposure to a broadly diversified portfolio of asset classes. A VIE is an entity that does not have sufficient equity to finance its own activities without additional financial support or where investors lack certain characteristics of a controlling financial interest. We assess our contractual, ownership or other interests in a VIE to determine if our interest participates in the variability the VIE was designed to absorb and pass onto variable interest holders. We perform an ongoing qualitative assessment of our variable interests in VIEs to determine whether we have a controlling financial interest and would therefore be considered the primary beneficiary of the VIE. If we determine we are the primary beneficiary of a VIE, we consolidate the assets and liabilities of the VIE in the consolidated financial statements.
Accounting Estimates and Assumptions	Accounting Estimates and Assumptions The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions affecting the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses for the reporting period. In applying these estimates and assumptions, management makes subjective and complex judgments that frequently require assumptions about matters that are uncertain and inherently subject to change, including matters related to or impacted by the COVID-19 pandemic. Actual results could differ from these estimates and assumptions. Included among the material (or potentially material) reported amounts and disclosures that require extensive use of estimates are: fair value of certain financial assets, derivatives, allowances for credit losses, deferred acquisition costs (“DAC”) , value of business acquired (“VOBA”) , deferred sales inducements (“DSI”), goodwill and other intangibles, future contract benefits, other contract holder funds including deferred front-end loads (“DFEL”) , pension plans, stock-based incentive compensation, income taxes including the recoverability of our deferred tax assets, and the potential effects of resolving litigated matters.
Business Combinations	Business Combinations We use the acquisition method of accounting for all business combination transactions, and accordingly, recognize the fair values of assets acquired, liabilities assumed and any noncontrolling interests in the consolidated financial statements. The allocation of fair values may be subject to adjustment after the initial allocation for up to a one-year period as more information becomes available relative to the fair values as of the acquisition date. The consolidated financial statements include the results of operations of any acquired company since the acquisition date.
Fair Value Measurement	Fair Value Measurement Our measurement of fair value is based on assumptions used by market participants in pricing the asset or liability, which may include inherent risk, restrictions on the sale or use of an asset or non-performance risk (“NPR”), which would include our own credit risk. Our estimate of an exchange price is the price in an orderly transaction between market participants to sell the asset or transfer the liability (“exit price”) in the principal market, or the most advantageous market in the absence of a principal market, for that asset or liability, as opposed to the price that would be paid to acquire the asset or receive a liability (“entry price”). Pursuant to the Fair Value Measurements and Disclosures Topic of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification TM (“ASC”), we categorize our financial instruments carried at fair value into a three-level fair value hierarchy, based on the priority of inputs to the respective valuation technique. The three-level hierarchy for fair value measurement is defined as follows:  Level 1 – inputs to the valuation methodology are quoted prices available in active markets for identical investments as of the reporting date, except for large holdings subject to “blockage discounts” that are excluded;  Level 2 – inputs to the valuation methodology are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value can be determined through the use of models or other valuation methodologies; and  Level 3 – inputs to the valuation methodology are unobservable inputs in situations where there is little or no market activity for the asset or liability, and we make estimates and assumptions related to the pricing of the asset or liability, including assumptions regarding risk. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the investment. When a determination is made to classify an asset or liability within Level 3 of the fair value hierarchy, the determination is based upon the significance of the unobservable inputs to the overall fair value measurement. Because certain securities trade in less liquid or illiquid markets with limited or no pricing information, the determination of fair value for these securities is inherently more difficult. However, Level 3 fair value investments may include, in addition to the unobservable or Level 3 inputs, observable components, which are components that are actively quoted or can be validated to market-based sources.
Fixed Maturity Available-For-Sale Securities – Fair Valuation Methodologies and Associated Inputs	Fixed Maturity Available-For-Sale Securities – Fair Valuation Methodologies and Associated Inputs Securities classified as available-for-sale (“AFS”) consist of fixed maturity securities and are stated at fair value with unrealized gains and losses included within accumulated other comprehensive income (loss) (“AOCI”), net of associated DAC, VOBA, DSI , future contract benefits, other contract holder funds and deferred income taxes. We measure the fair value of our securities classified as fixed maturity AFS based on assumptions used by market participants in pricing the security. The most appropriate valuation methodology is selected based on the specific characteristics of the fixed maturity security, and we consistently apply the valuation methodology to measure the security’s fair value. Our fair value measurement is based on a market approach that utilizes prices and other relevant information generated by market transactions involving identical or comparable securities. Sources of inputs to the market approach primarily include third-party pricing services, independent broker quotations or pricing matrices. We do not adjust prices received from third parties; however, we do analyze the third-party pricing services’ valuation methodologies and related inputs and perform additional evaluation to determine the appropriate level within the fair value hierarchy. The observable and unobservable inputs to our valuation methodologies are based on a set of standard inputs that we generally use to evaluate all of our fixed maturity AFS securities. Observable inputs include benchmark yields, reported trades, broker-dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data. In addition, market indicators, industry and economic events are monitored, and further market data is acquired if certain triggers are met. For certain security types, additional inputs may be used, or some of the inputs described above may not be applicable. For private placement securities, we use pricing matrices that utilize observable pricing inputs of similar public securities and Treasury yields as inputs to the fair value measurement. Depending on the type of security or the daily market activity, standard inputs may be prioritized differently or may not be available for all fixed maturity AFS securities on any given day. For broker-quoted only securities, non-binding quotes from market makers or broker-dealers are obtained from sources recognized as market participants. For securities trading in less liquid or illiquid markets with limited or no pricing information, we use unobservable inputs to measure fair value. The following summarizes our fair valuation methodologies and associated inputs, which are particular to the specified security type and are in addition to the defined standard inputs to our valuation methodologies for all of our fixed maturity AFS securities discussed above:  Corporate bonds and U.S. government bonds – We also use Trade Reporting and Compliance Engine TM reported tables for our corporate bonds and vendor trading platform data for our U.S. government bonds.  Mortgage- and asset-backed securities (“ABS”) – We also utilize additional inputs, which include new issues data, monthly payment information and monthly collateral performance, including prepayments, severity, delinquencies, step-down features and over collateralization features for each of our mortgage-backed securities (“MBS”), which include collateralized mortgage obligations and mortgage pass through securities backed by residential mortgages (“RMBS”), commercial mortgage-backed securities (“CMBS”) and collateralized loan obligations (“CLOs”).  State and municipal bonds – We also use additional inputs that include information from the Municipal Securities Rule Making Board, as well as material event notices, new issue data, issuer financial statements and Municipal Market Data benchmark yields for our state and municipal bonds.  Hybrid and redeemable preferred securities – We also utilize additional inputs of exchange prices (underlying and common stock of the same issuer) for our hybrid and redeemable preferred securities. In order to validate the pricing information and broker-dealer quotes, we employ, where possible, procedures that include comparisons with similar observable positions, comparisons with subsequent sales and observations of general market movements for those security classes. We have policies and procedures in place to review the process that is utilized by our third-party pricing service and the output that is provided to us by the pricing service. On a periodic basis, we test the pricing for a sample of securities to evaluate the inputs and assumptions used by the pricing service, and we perform a comparison of the pricing service output to an alternative pricing source. We also evaluate prices provided by our primary pricing service to ensure that they are not stale or unreasonable by reviewing the prices for unusual changes from period to period based on certain parameters or for lack of change from one period to the next.
Fixed Maturity AFS Securities – Evaluation for Recovery of Amortized Cost	Fixed Maturity AFS Securities – Evaluation for Recovery of Amortized Cost We regularly review our fixed maturity AFS securities (also referred to as “debt securities”) for declines in fair value that we determine to be impairment-related, including those attributable to credit risk factors that may require a credit loss allowance. For our debt securities, we generally consider the following to determine whether our debt securities with unrealized losses are credit impaired:  The estimated range and average period until recovery;  The estimated range and average holding period to maturity;  Remaining payment terms of the security;  Current delinquencies and nonperforming assets of underlying collateral;  Expected future default rates;  Collateral value by vintage, geographic region, industry concentration or property type;  Subordination levels or other credit enhancements as of the balance sheet date as compared to origination; and  Contractual and regulatory cash obligations. For a debt security, if we intend to sell a security, or it is more likely than not we will be required to sell a debt security before recovery of its amortized cost basis and the fair value of the debt security is below amortized cost, we conclude that an impairment has occurred and the amortized cost is written down to current fair value, with a corresponding charge to realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). If we do not intend to sell a debt security, or it is not more likely than not we will be required to sell a debt security before recovery of its amortized cost basis but the present value of the cash flows expected to be collected is less than the amortized cost of the debt security (referred to as the credit loss), we conclude that an impairment has occurred, and a credit loss allowance is recorded, with a corresponding charge to realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). The remainder of the decline to fair value related to factors other than credit loss is recorded in other comprehensive income (“OCI”) to unrealized losses on fixed maturity AFS securities on the Consolidated Statements of Stockholders’ Equity, as this amount is considered a noncredit impairment. When assessing our intent to sell a debt security, or if it is more likely than not we will be required to sell a debt security before recovery of its cost basis, we evaluate facts and circumstances such as, but not limited to, decisions to reposition our security portfolio, sales of securities to meet cash flow needs and sales of securities to capitalize on favorable pricing. Management considers the following as part of the evaluation:  The current economic environment and market conditions;  Our business strategy and current business plans;  The nature and type of security, including expected maturities and exposure to general credit, liquidity, market and interest rate risk;  Our analysis of data from financial models and other internal and industry sources to evaluate the current effectiveness of our hedging and overall risk management strategies;  The current and expected timing of contractual maturities of our assets and liabilities, expectations of prepayments on investments and expectations for surrenders and withdrawals of life insurance policies and annuity contracts;  The capital risk limits approved by management; and  Our current financial condition and liquidity demands. In order to determine the amount of the credit loss for a debt security, we calculate the recovery value by performing a discounted cash flow analysis based on the current cash flows and future cash flows we expect to recover. The discount rate is the effective interest rate implicit in the underlying debt security. The effective interest rate is the original yield, or the coupon if the debt security was previously impaired. See the discussion below for additional information on the methodology and significant inputs, by security type, that we use to determine the amount of a credit loss. To determine the recovery period of a debt security, we consider the facts and circumstances surrounding the underlying issuer including, but not limited to, the following:  Historical and implied volatility of the security;  The extent to which the fair value has been less than amortized cost;  Adverse conditions specifically related to the security or to specific conditions in an industry or geographic area;  Failure, if any, of the issuer of the security to make scheduled payments; and  Recoveries or additional declines in fair value subsequent to the balance sheet date. In periods subsequent to the recognition of a credit loss impairment through a credit loss allowance, we continue to reassess the expected cash flows of the debt security at each subsequent measurement date as necessary. If the measurement of credit loss changes, we recognize a provision for (or reversal of) credit loss expense through realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss), limited by the amount that amortized cost exceeds fair value. Losses are charged against the allowance for credit losses when management believes the uncollectibility of a debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued interest on debt securities is written-off when deemed uncollectible. To determine the recovery value of a corporate bond or CLO, we perform additional analysis related to the underlying issuer including, but not limited to, the following:  Fundamentals of the issuer to determine what we would recover if they were to file bankruptcy versus the price at which the market is trading;  Fundamentals of the industry in which the issuer operates;  Earnings multiples for the given industry or sector of an industry that the underlying issuer operates within, divided by the outstanding debt to determine an expected recovery value of the security in the case of a liquidation;  Expected cash flows of the issuer (e.g., whether the issuer has cash flows in excess of what is required to fund its operations);  Expectations regarding defaults and recovery rates;  Changes to the rating of the security by a rating agency; and  Additional market information (e.g., if there has been a replacement of the corporate debt security). Each quarter, we review the cash flows for the MBS portfolio, including current credit enhancements and trends in the underlying collateral performance to determine whether or not they are sufficient to provide for the recovery of our amortized cost. To determine recovery value of a MBS, we perform additional analysis related to the underlying issuer including, but not limited to, the following:  Discounted cash flow analysis based on the current cash flows and future cash flows we expect to recover;  Level of borrower creditworthiness of the home equity loans or residential mortgages that back an RMBS or commercial mortgages that back a CMBS;  Susceptibility to fair value fluctuations for changes in the interest rate environment;  Susceptibility to reinvestment risks, in cases where market yields are lower than the securities’ book yield earned;  Susceptibility to reinvestment risks, in cases where market yields are higher than the book yields earned on a security;  Expectations of sale of such a security where market yields are higher than the book yields earned on a security; and  Susceptibility to variability of prepayments. When evaluating MBS and mortgage-related ABS, we consider a number of pool-specific factors as well as market level factors when determining whether or not the impairment on the security requires a credit loss allowance. The most important factor is the performance of the underlying collateral in the security and the trends of that performance in the prior periods. We use this information about the collateral to forecast the timing and rate of mortgage loan defaults, including making projections for loans that are already delinquent and for those loans that are currently performing but may become delinquent in the future. Other factors used in this analysis include the credit characteristics of borrowers, geographic distribution of underlying loans and timing of liquidations by state. Once default rates and timing assumptions are determined, we then make assumptions regarding the severity of a default if it were to occur. Factors that impact the severity assumption include expectations for future home price appreciation or depreciation, loan size, first lien versus second lien, existence of loan level private mortgage insurance, type of occupancy and geographic distribution of loans. Once default and severity assumptions are determined for the security in question, cash flows for the underlying collateral are projected including expected defaults and prepayments. These cash flows on the collateral are then translated to cash flows on our tranche based on the cash flow waterfall of the entire capital security structure. If this analysis indicates the entire principal on a particular security will not be returned, the security is reviewed for a credit loss by comparing the expected cash flows to amortized cost. To the extent that the security has already been impaired through a credit loss allowance or was purchased at a discount, such that the amortized cost of the security is less than or equal to the present value of cash flows expected to be collected, no credit loss allowance is required. Otherwise, if the amortized cost of the security is greater than the present value of the cash flows expected to be collected, and the security was not purchased at a discount greater than the expected principal loss, then an impairment through a credit loss allowance is recognized. We further monitor the cash flows of all of our debt securities backed by mortgages on an ongoing basis. We also perform detailed analysis on all of our subprime, Alt-A, non-agency residential MBS and on a significant percentage of our debt securities backed by pools of commercial mortgages. The detailed analysis includes revising projected cash flows by updating the cash flows for actual cash received and applying assumptions with respect to expected defaults, foreclosures and recoveries in the future. These revised projected cash flows are then compared to the amount of credit enhancement (subordination) in the structure to determine whether the amortized cost of the security is recoverable. If it is not recoverable, we record an impairment through a credit loss allowance for the security.
Trading Securities	Trading Securities Trading securities consist of fixed maturity securities in designated portfolios, some of which support modified coinsurance and coinsurance with funds withheld reinsurance agreements. Investment results for the portfolios that support modified coinsurance and coinsurance with funds withheld reinsurance agreements, including gains and losses from sales, are passed directly to the reinsurers pursuant to contractual terms of the reinsurance agreements. Trading securities are carried at fair value, and changes in fair value and changes in the fair value of embedded derivative liabilities associated with the underlying reinsurance agreements are recorded in realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss) as they occur.
Equity Securities	Equity Securities Equity securities are carried at fair value, and changes in fair value are recorded in realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss) as they occur. Equity securities consist primarily of common stock of publicly-traded companies, privately placed securities and mutual fund shares. We measure the fair value of our equity securities based on assumptions used by market participants in pricing the security. The most appropriate valuation methodology is selected based on the specific characteristics of the equity security. Fair values of publicly-traded equity securities are determined using quoted prices in active markets for identical or comparable securities. When quoted prices are not available, we use valuation methodologies most appropriate for the specific asset. Fair values for private placement securities are determined using discounted cash flow, earnings multiple and other valuation models. The fair values of mutual fund shares that transact regularly are based on transaction prices of identical fund shares.
Mortgage Loans on Real Estate	Mortgage Loans on Real Estate Mortgage loans on real estate consist of commercial and residential mortgage loans and are generally carried at unpaid principal balances adjusted for amortization of premiums and accretion of discounts and are net of allowance for credit losses. We carry certain commercial mortgage loans at fair value where the fair value option has been elected. Interest income is accrued on the principal balance of the loan based on the loan’s contractual interest rate. Premiums and discounts are amortized using the effective yield method over the life of the loan. Interest income and amortization of premiums and discounts are reported in net investment income on the Consolidated Statements of Comprehensive Income (Loss) along with mortgage loan fees, which are recorded as they are incurred. Our policy for commercial mortgage loans is to report loans that are 60 or more days past due, which equates to two or more payments missed, as delinquent. Our policy for residential mortgage loans is to report loans that are 90 or more days past due, which equates to three or more payments missed, as delinquent. We do not accrue interest on loans 90 days past due, and any interest received on these loans is either applied to the principal or recorded in net investment income on the Consolidated Statements of Comprehensive Income (Loss) when received, depending on the assessment of the collectability of the loan. We resume accruing interest once a loan complies with all of its original terms or restructured terms. Mortgage loans deemed uncollectible are charged against the allowance for credit losses, and subsequent recoveries, if any, are likewise credited to the allowance for credit losses. Accrued interest on mortgage loans is written-off when deemed uncollectible. In connection with our recognition of an allowance for credit losses for mortgage loans on real estate, we perform a quantitative analysis using a probability of default/loss given default/exposure at default approach to estimate expected credit losses in our mortgage loan portfolio as well as unfunded commitments related to commercial mortgage loans, exclusive of certain mortgage loans held at fair value. Our model estimates expected credit losses over the contractual terms of the loans, which are the periods over which we are exposed to credit risk, adjusted for expected prepayments. Credit loss estimates are segmented by commercial mortgage loans, residential mortgage loans, and unfunded commitments related to commercial mortgage loans. The allowance for credit losses for pooled loans of similar risk (i.e., commercial and residential mortgage loans) is estimated using relevant historical credit loss information adjusted for current conditions and reasonable and supportable forecasts of future conditions. Historical credit loss experience provides the basis for the estimation of expected credit losses with adjustments for differences in current loan-specific risk characteristics, such as differences in underwriting standards, portfolio mix, delinquency level, or term lengths as well as adjustments for changes in environmental conditions, such as unemployment rates, property values, or other factors that management deems relevant. We apply probability weights to the positive, base and adverse scenarios we use. For periods beyond our reasonable and supportable forecast, we use implicit mean reversion over the remaining life of the recoverable, meaning our model will inherently revert to the baseline scenario as the baseline is representative of the historical average over a longer period of time. Loans are considered impaired when it is probable that, based upon current information and events, we will be unable to collect all amounts due under the contractual terms of the loan agreement. When we determine that a loan is impaired, a specific credit loss allowance is established for the excess carrying value of the loan over its estimated value. The loan’s estimated value is based on: the present value of expected future cash flows discounted at the loan’s effective interest rate; the loan’s observable market price; or the fair value of the loan’s collateral. Allowance for credit losses are maintained at a level we believe is adequate to absorb current expected lifetime credit losses. Our periodic evaluation of the adequacy of the allowance for credit losses is based on historical loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay (including the timing of future payments), the estimated value of the underlying collateral, composition of the loan portfolio, current economic conditions, reasonable and supportable forecasts about the future and other relevant factors. Mortgage loans on real estate are presented net of the allowance for credit losses on the Consolidated Balance Sheets. Changes in the allowance are reported in realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). Mortgage loans on real estate deemed uncollectible are charged against the allowance for credit losses, and subsequent recoveries, if any, are credited to the allowance for credit losses, limited to the aggregate of amounts previously charged-off and expected to be charged-off. Our commercial loan portfolio is primarily comprised of long-term loans secured by existing commercial real estate. We believe all of the commercial loans in our portfolio share three primary risks: borrower credit worthiness; sustainability of the cash flow of the property; and market risk; therefore, our methods of monitoring and assessing credit risk are consistent for our entire portfolio. For our commercial mortgage loan portfolio, trends in market vacancy and rental rates are incorporated into the analysis that we perform for monitored loans and may contribute to the establishment of (or an increase or decrease in) an allowance for credit losses. In addition, we review each loan individually in our commercial mortgage loan portfolio on an annual basis to identify emerging risks. We focus on properties that experienced a reduction in debt-service coverage or that have significant exposure to tenants with deteriorating credit profiles. Where warranted, we establish or increase a credit loss allowance for a specific loan based upon this analysis. We measure and assess the credit quality of our commercial mortgage loans by using loan-to-value and debt-service coverage ratios. The loan-to-value ratio compares the principal amount of the loan to the fair value at origination of the underlying property collateralizing the loan and is commonly expressed as a percentage. Loan-to-value ratios greater than 100 % indicate that the principal amount is greater than the collateral value. Therefore, all else being equal, a lower loan-to-value ratio generally indicates a higher quality loan. The debt-service coverage ratio compares a property’s net operating income to its debt-service payments. Debt-service coverage ratios of less than 1.0 indicate that property operations do not generate enough income to cover its current debt payments. Therefore, all else being equal, a higher debt-service coverage ratio generally indicates a higher quality loan. These credit quality metrics are monitored and reviewed at least annually. We have off-balance sheet commitments related to commercial mortgage loans. As such, an allowance for credit losses is developed based on the commercial mortgage loan process outlined above, along with an internally developed conversion factor. Our residential loan portfolio is primarily comprised of first lien mortgages secured by existing residential real estate. In contrast to the commercial mortgage loan portfolio, residential mortgage loans are primarily smaller-balance homogenous loans that share similar risk characteristics. Therefore, these pools of loans are collectively evaluated for inherent credit losses. Such evaluations consider numerous factors, including, but not limited to borrower credit scores, collateral values, loss forecasts, geographic location, delinquency rates and economic trends. These evaluations and assessments are revised as conditions change and new information becomes available, including updated forecasts, which can cause the allowance for credit losses to increase or decrease over time as such evaluations are revised. Generally, residential mortgage loan pools exclude loans that are nonperforming, as those loans are evaluated individually using the evaluation framework for specific allowance for credit losses described above. For residential mortgage loans, our primary credit quality indicator is whether the loan is performing or nonperforming. We generally define nonperforming residential mortgage loans as those that are 90 or more days past due and/or in nonaccrual status. There is generally a higher risk of experiencing credit losses when a residential mortgage loan is nonperforming. We monitor and update aging schedules and nonaccrual status on a monthly basis.
Policy Loans	Policy Loans Policy loans represent loans we issue to contract holders that use the cash surrender value of their life insurance policy as collateral. Policy loans are carried at unpaid principal balances.
Derivative Instruments	Derivative Instruments We hedge certain portions of our exposure to interest rate risk, foreign currency exchange risk, equity market risk and credit risk by entering into derivative transactions. Our derivative instruments are recognized as either assets or liabilities on the Consolidated Balance Sheets at estimated fair value. We have master netting agreements with each of our derivative counterparties that allow for the netting of our derivative asset and liability positions by counterparty. W e categorized derivatives into a three-level hierarchy, based on the priority of the inputs to the respective valuation technique as discussed above in “Fair Value Measurement.” The accounting for changes in the estimated fair value of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship, and further, on the type of hedging relationship. For those derivative instruments that are designated and qualify as hedging instruments, we designate the hedging instrument based upon the exposure being hedged: as a cash flow hedge or a fair value hedge. For derivative instruments that are designated and qualify as a cash flow hedge, the effective portion of the gain or loss on the derivative instrument is reported as a component of AOCI and reclassified into net income in the same period or periods during which the hedged transaction affects net income. The remaining gain or loss on the derivative instrument in excess of the cumulative change in the present value of designated future cash flows of the hedged item (hedge ineffectiveness), if any, is recognized in net income during the period of change. For derivative instruments that are designated and qualify as a fair value hedge, the gain or loss on the derivative instrument, as well as the offsetting gain or loss on the hedged item attributable to the hedged risk are recognized in net income during the period of change in estimated fair values. For derivative instruments not designated as hedging instruments, but that are economic hedges, the gain or loss is recognized in net income. We purchase and issue financial instruments and products that contain embedded derivative instruments that are recorded with the associated host contract. When it is determined that the embedded derivative possesses economic characteristics that are not clearly and closely related to the economic characteristics of the host contract, and a separate instrument with the same terms would qualify as a derivative instrument, the embedded derivative is bifurcated from the host for measurement purposes and reported within other assets or other liabilities on the Consolidated Balance Sheets. The embedded derivative is carried at fair value with changes in fair value recognized in net income during the period of change. We employ several different methods for determining the fair value of our derivative instruments. The fair value of our derivative contracts are measured based on current settlement values, which are based on quoted market prices, industry standard models that are commercially available and broker quotes. These techniques project cash flows of the derivatives using current and implied future market conditions. We calculate the present value of the cash flows to measure the current fair market value of the derivative.
Other Investments	Other Investments Other investments consist primarily of alternative investments, cash collateral receivables related to our derivative instruments, Federal Home Loan Bank (“FHLB”) common stock and short-term investments. Alternative investments consist primarily of investments in limited partnerships (“LPs”). We account for our investments in LPs using the equity method to determine the carrying value. Recognition of alternative investment income is delayed due to the availability of the related financial statements, which are generally obtained from the partnerships’ general partners. As a result, our private equity investments are generally on a three-month delay and our hedge funds are on a one-month delay. In addition, the impact of audit adjustments related to completion of calendar-year financial statement audits of the investees are typically received during the second quarter of each calendar year. Accordingly, our investment income from alternative investments for any calendar-year period may not include the complete impact of the change in the underlying net assets for the partnership for that calendar-year period. In uncleared derivative transactions, we and the counterparty enter into a credit support annex requiring either party to post collateral, which may be in the form of cash, equal to the net derivative exposure. Cash collateral we have posted to a counterparty is recorded within other investments. Cash collateral a counterparty has posted is recorded within payables for collateral on investments. We also have investments in FHLB common stock, carried at cost, that enable access to the FHLB lending program. For more information on our collateralized financing arrangements, see “Payables for Collateral on Investments” below. Short-term investments consist of securities with original maturities of one year or less, but greater than three months. Securities included in short-term investments are carried at fair value, with valuation methods and inputs consistent with those applied to fixed maturity AFS securities.
Cash And Invested Cash	Cash and Invested Cash Cash and invested cash is carried at cost and includes all highly liquid debt instruments purchased with an original maturity of three months or less .
DAC, VOBA, DSI and DFEL	DAC, VOBA, DSI and DFEL Acquisition costs directly related to successful contract acquisitions or renewals of UL, VUL, traditional life insurance, group life and disability insurance, annuities and other investment contracts have been deferred (i.e., DAC) to the extent recoverable. Such acquisition costs are capitalized in the period they are incurred and primarily include commissions, certain bonuses, portion of total compensation and benefits of certain employees involved in the acquisition process and medical and inspection fees. VOBA is an intangible asset that reflects the estimated fair value of in-force contracts in a life insurance company acquisition and represents the portion of the purchase price that is allocated to the value of the right to receive future cash flows from the business in force at the acquisition date. Bonus credits and excess interest for dollar cost averaging contracts are considered DSI, and the unamortized balance is reported within other assets on the Consolidated Balance Sheets. Contract sales charges that are collected in the early years of an insurance contract are deferred (i.e., DFEL), and the unamortized balance is reported in other contract holder funds on the Consolidated Balance Sheets. Both DAC and VOBA amortization, excluding amounts reported in realized gain (loss), is reported within commissions and other expenses on the Consolidated Statements of Comprehensive Income (Loss). DSI amortization, excluding amounts reported in realized gain (loss), is reported in interest credited on the Consolidated Statements of Comprehensive Income (Loss). The amortization of DFEL, excluding amounts reported in realized gain (loss), is reported within fee income on the Consolidated Statements of Comprehensive Income (Loss). The methodology for determining the amortization of DAC, VOBA, DSI and DFEL varies by product type. Amortization is based on assumptions consistent with those used in the development of the underlying contract adjusted for emerging experience and expected trends. The carrying amounts of DAC, VOBA, DSI and DFEL are adjusted for the effects of realized and unrealized gains and losses on securities classified as fixed maturity AFS and certain derivatives and embedded derivatives . Amortization expense of DAC, VOBA, DSI and DFEL reflects an assumption for an expected level of credit-related investment losses. When actual credit-related investment losses are realized, we recognize a true-up to our DAC, VOBA, DSI and DFEL amortization within realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss) reflecting the incremental effect of actual versus expected credit-related investment losses. These actual to expected amortization adjustments can create volatility from period to period in realized gain (loss). We account for modifications of insurance contracts that result in a substantially unchanged contract as a continuation of the replaced contract. We account for modifications of insurance contracts that result in a substantially changed contract as an extinguishment of the replaced contract. For reinsurance transactions where we receive proceeds that represent recovery of our previously incurred acquisition costs, we reduce the applicable unamortized acquisition costs such that the net acquisition costs are capitalized and charged to commissions and other expenses on the Consolidated Statements of Comprehensive Income (Loss). Acquisition costs for all traditional contracts, including term life insurance, individual whole life and group business, are amortized over the premium-paying period or level term period, depending on the contract, which generally results in amortization less than or equal to 30 years. Acquisition costs are either amortized on a straight-line basis or as a level percent of premium of the related policies depending on the block of business. There is currently no intangible balance or related amortization for fixed and variable payout annuities. Acquisition costs for UL and VUL insurance and investment-type products, which include fixed and variable deferred annuities, are generally amortized over the lives of the policies in relation to the incidence of estimated gross profits (“EGPs”) from surrender charges, investment, death benefits expected to be paid, net of reinsurance ceded and expense margins and actual realized gain (loss) on investments. Contract lives for UL and VUL policies are estimated to be 40 years based on the expected lives of the contracts. Contract lives for fixed and variable deferred annuities are generally between 15 and 30 years, while some of our fixed multi-year guarantee products have amortization periods equal to the guarantee period. The front-end load annuity product has an assumed life of 25 years. Longer lives are assigned to those blocks that have demonstrated lower lapse experience. During the third quarter of each year, we conduct our comprehensive review of the assumptions and the projection models used for our estimates of future gross profits underlying the amortization of DAC, VOBA, DSI and DFEL. These assumptions include, but are not limited to, capital markets, investment margins, mortality rates, retention, rider utilization and maintenance expenses (costs associated with maintaining records relating to insurance and individual and group annuity contracts, and with the processing of premium collections, deposits, withdrawals and commissions). Based on our review, the cumulative balances of DAC, VOBA, DSI and DFEL included on the Consolidated Balance Sheets are adjusted with an offsetting benefit or charge to revenue or amortization expense to reflect such change related to our expectations of future EGPs (“unlocking”). We may have unlocking in other quarters as we become aware of information that warrants updating assumptions outside of our comprehensive review. We may also identify and implement actuarial modeling refinements that result in increases or decreases to the carrying values of DAC, VOBA, DSI and DFEL. DAC, VOBA, DSI and DFEL are reviewed to ensure that the unamortized portion does not exceed the expected recoverable amounts.
Reinsurance	Reinsurance Our insurance subsidiaries enter into reinsurance agreements in the normal course of business to limit our exposure to the risk of loss and to enhance our capital management. In order for a reinsurance agreement to qualify for reinsurance accounting, the agreement must satisfy certain risk transfer conditions that include, among other items, a reasonable possibility of a significant loss for the assuming entity. When we apply reinsurance accounting, premiums, benefits and DAC amortization are reported net of reinsurance ceded on the Consolidated Statements of Comprehensive Income (Loss). Amounts currently recoverable, such as ceded reserves, are reported in reinsurance recoverables and amounts currently payable to the reinsurers, such as premiums, are included in other liabilities on the Consolidated Balance Sheets. Assets and liabilities and revenues and expenses from certain reinsurance contracts that grant statutory surplus relief to our insurance companies are netted on the Consolidated Balance Sheets and Consolidated Statements of Comprehensive Income (Loss), respectively, if there is a contractual right of offset. We use deposit accounting to recognize reinsurance agreements that do not transfer significant insurance risk. This accounting treatment results in amounts paid or received by our insurance subsidiaries to be considered on deposit with the reinsurer and such amounts are reported in other assets and other liabilities, respectively, on the Consolidated Balance Sheets. As amounts are paid or received, consistent with the underlying contracts, deposit assets or liabilities are adjusted. We estimated an allowance for credit losses for all reinsurance recoverables and related reinsurance deposit assets held by our subsidiaries. As such, we performed a quantitative analysis using a probability of loss model approach to estimate expected credit losses for reinsurance recoverables, inclusive of similar assets recognized using the deposit method of accounting. The credit loss allowance is a general allowance for pools of receivables with similar risk characteristics segmented by credit risk ratings and receivables assessed on an individual basis that do not share similar risk characteristics where we anticipate a credit loss over the life of reinsurance-related assets. Our model uses relevant internal or external historical loss information adjusted for current conditions and reasonable and supportable forecasts of future events and conditions in developing our credit loss estimate. We utilized historical credit rating data to form an estimation of probability of default of counterparties by means of a transition matrix that provides the rates of credit migration for credit ratings transitioning to impairment. We updated reinsurer credit ratings during the period to incorporate the most up-to-date information on the current state of the financial stability of our reinsurers. To simulate changes in economic conditions, we used positive, base and adverse scenarios that include varying levels of loss given default assumptions to reflect the impact of changes in severity of losses. We applied probability weights to the positive, base and adverse scenarios. For periods beyond our reasonable and supportable forecasts, we used implicit mean reversion over the remaining life of the recoverable. Additionally, we considered factors that impact our exposure at default that are driven by actuarial expectations around term assumptions rather than being directly driven by market or economic environment. Our model estimates the expected credit losses over the life of the reinsurance asset. Credit loss estimates are segmented based on counterparty credit risk. Our modeling process utilizes counterparty credit ratings, collateral types and amounts, and term and run-off assumptions. For reinsurance recoverables that do not share similar risk characteristics, we assessed on an individual basis to determine a specific credit loss allowance. We estimated expected credit losses over the contractual term of the recoverable, which is the period during which we are exposed to the credit risk. Reinsurance recoverables may not have explicit contractual lives, but are tied to the underlying insurance products; as a result, we estimated the contractual life by utilizing actuarial estimates of the timing of payouts related to those underlying products. Reinsurance agreements often require the reinsurer to collateralize the recoverable with funds in a trust account or with a letter of credit for the benefit of the ceding insurance entity that can reduce the expected credit losses on a given agreement. As such, we review reinsurance collateral by individual agreement to sensitize risk of loss based on level of collateralization. This review is driven by the assumption that non-collateralized reinsurance recoverables would have materially higher losses in times of default. Therefore, reinsurance recoverables are pooled as either fully-collateralized or non-collateralized. Reinsurance recoverables are presented net of the allowance for credit losses on the Consolidated Balance Sheets. Changes in the allowance for credit losses are reported in realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). Reinsurance recoverables deemed uncollectible are charged against the allowance for credit losses, and subsequent recoveries, if any, are credited to the allowance for credit losses, limited to the aggregate of amounts previously charged-off and expected to be charged-off.
Goodwill	Goodwill We recognize the excess of the purchase price, plus the fair value of any noncontrolling interest in the acquiree, over the fair value of identifiable net assets acquired as goodwill. Goodwill is not amortized, but is reviewed for impairment annually as of October 1 and more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. We perform a quantitative goodwill impairment test where the fair value of the reporting unit is determined and compared to the carrying value of the reporting unit. If the carrying value of the reporting unit is greater than the reporting unit’s fair value, goodwill is impaired and written down to the reporting unit’s fair value; and a charge is reported in impairment of intangibles on the Consolidated Statements of Comprehensive Income (Loss). The results of one goodwill impairment test on one reporting unit cannot subsidize the results of another reporting unit.
Other Assets and Other Liabilities	Other Assets and Other Liabilities Other assets consist primarily of certain reinsurance assets, net of allowance for credit losses, certain guaranteed living benefit (“GLB”) features, current and deferred taxes, premiums and fees receivable, property and equipment owned by the Company, balances associated with corporate-owned and bank-owned life insurance, receivables resulting from sales of securities that had not yet settled as of the balance sheet date, specifically identifiable intangible assets, DSI, operating lease right-of-use (“ROU”) assets and other receivables and prepaid expenses. Other liabilities consist primarily of certain reinsurance payables, certain GLB features, current and deferred taxes, pension and other employee benefit liabilities, deferred gain on business sold through reinsurance, derivative instrument liabilities, payables resulting from purchases of securities that had not yet settled as of the balance sheet date, long-term operating lease liabilities, certain financing arrangements, finance lease liabilities and other accrued expenses. The carrying values of specifically identifiable intangible assets are reviewed at least annually for indicators of impairment in value that are related to credit loss or non-credit, including unexpected or adverse changes in the following: the economic or competitive environments in which the company operates; profitability analyses; cash flow analyses; and the fair value of the relevant business operation. If there was an indication of impairment, then the discounted cash flow method would be used to measure the impairment, and the carrying value would be adjusted as necessary and reported in impairment of intangibles on the Consolidated Statements of Comprehensive Income (Loss). Sales force intangibles are attributable to the value of the new business distribution system acquired through business combinations. These assets are amortized on a straight-line basis over their useful life of 25 years. Specifically identifiable intangible assets also includes the value of customer relationships acquired (“VOCRA”) and value of distribution agreements (“VODA”). The carrying values of VOCRA and VODA are amortized using a straight-line basis over their weighted average life of 20 years and 13 years, respectively. See Note 9 for more information regarding specifically identifiable intangible assets. Property and equipment owned for company use is carried at cost less allowances for depreciation. Provisions for depreciation of investment real estate and property and equipment owned for company use are computed principally on the straight-line method over the estimated useful lives of the assets, which include buildings, computer hardware and software and other property and equipment. Certain assets on the Consolidated Balance Sheets are related to finance leases and certain financing arrangements and are depreciated in a manner consistent with our current depreciation policy for owned assets. We periodically review the carrying value of our long-lived assets, including property and equipment, for impairment whenever events or circumstances indicate that the carrying amount of such assets may not be fully recoverable. For long-lived assets to be held and used, impairments are recognized when the carrying amount of a long-lived asset is not recoverable and exceeds its fair value. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. An impairment loss is measured as the amount by which the carrying amount of a long-lived asset exceeds its fair value. Long-lived assets to be disposed of by abandonment or in an exchange for a similar productive long-lived asset are classified as held-for-use until they are disposed. Long-lived assets to be sold are classified as held-for-sale and are no longer depreciated. Certain criteria have to be met in order for the long-lived asset to be classified as held-for-sale, including that a sale is probable and expected to occur within one year. Long-lived assets classified as held-for-sale are recorded at the lower of their carrying amount or fair value less cost to sell. We lease office space and certain equipment under various long-term lease agreements. We determine if an arrangement is a lease at inception. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at the commencement date. Our leases do not provide an implicit rate; therefore, we use our incremental borrowing rate at the commencement date in determining the present value of future payments. The ROU asset is calculated using the lease liability carrying amount, plus or minus prepaid/accrued lease payments, minus the unamortized balance of lease incentives received, plus unamortized initial direct costs. Lease terms used to calculate our lease obligation include options when we are reasonably certain that we will exercise such options. Our lease agreements may contain both lease and non-lease components, which are accounted for separately. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Other liabilities include deferred gains on business sold through reinsurance. Effective October 1, 2021, we entered into a reinsurance agreement with Security Life of Denver Insurance Company (a subsidiary of Resolution Life that we refer to herein as “ Resolution Life”). We are recognizing the gain related to this transaction over the projected life of the policies, or 30 years. Effective January 1, 2020, we entered into a reinsurance agreement with Swiss Re Life & Health America, Inc (“Swiss Re”). We are recognizing the gain related to this transaction over the period in which the in-force policies are expected to run off, or 15 years. Effective October 1, 2018, we entered into a reinsurance agreement with Athene Holding Ltd. (“Athene”). We are recognizing the gain related to this transaction over the period in which the majority of account values is expected to run off, or 20 years. See Note 8 for additional information.
Separate Account Assets and Liabilities	Separate Account Assets and Liabilities Separate accounts represent segregated funds that are maintained to meet specific investment objectives of contract holders who direct the investments and bear the investment risk, except to the extent of minimum guarantees made by the Company with respect to certain accounts. The assets of each account are legally segregated and are not subject to claims that arise out of any other business of the Company. We report separate account assets as a summary total on the Consolidated Balance Sheets based on the fair value of the underlying investments. The underlying investments consist primarily of mutual funds, fixed maturity AFS securities, short-term investments and cash. Investment income and net realized and unrealized gains (losses) of the separate accounts generally accrue directly to the contract holders; therefore, they are not reflected on the Consolidated Statements of Comprehensive Income (Loss), and the Consolidated Statements of Cash Flows do not reflect investment activity of the separate accounts. Asset-based fees and contract administration charges are assessed against the accounts and included within fee income on the Consolidated Statements of Comprehensive Income (Loss). An amount equivalent to the separate account assets is recorded as separate account liabilities, representing the account balance obligated to be returned to the contract holder.
Future Contract Benefits and Other Contract Holder Funds	Future Contract Benefits Future contract benefits represent liability reserves that we have established and carry based on estimates of how much we will need to pay for future benefits and claims. We continually review overall reserve position, reserving techniques and reinsurance arrangements. As experience develops and new information becomes known, liabilities are adjusted as deemed necessary. The liabilities for future insurance contract benefits and claim reserves for traditional life policies are computed using assumptions for investment yields, mortality rates and withdrawals based principally on generally accepted actuarial methods and assumptions at the time of contract issue. Investment yield assumptions for traditional direct individual life reserves for all contracts range from 2.25 % to 7.75 % depending on the time of contract issue. The liabilities for future contract benefits and claims reserves for immediate and deferred paid-up annuities are computed using investment yield assumptions that range from 0.50 % to 12.15 %. These investment yield assumptions are intended to represent an estimation of the interest rate experience for the period that these contract benefits are payable. The liability for future claim reserves for long-term disability contracts for incurred and reported claims are calculated based on assumptions as to interest, claim resolution rates and offsets for other insurance including social security. Claim resolution rate assumptions and social security offsets are based on our actual experience. The interest rate assumptions used for discounting claim reserves are based on projected portfolio yield rates, after consideration for defaults and investment expenses, for assets supporting the liabilities. During the third quarter of each year, we conduct our comprehensive review of the assumptions and reserving models used in calculating these reserves. The incurred but not reported claim reserves are based on our experiences as to the reporting lags and ultimate loss experience. Claim reserves are subject to revision as current claim experience and projections of future factors affecting claim experience change. Claim reserves do not include a provision for adverse deviation. The business written or assumed by us includes participating life insurance contracts, under which the contract holder is entitled to share in the earnings of such contracts via receipt of dividends. The dividend scale for participating policies is reviewed annually and may be adjusted to reflect recent experience and future expectations. As of December 31, 2022, 2021 and 2020, participating policies comprised less than 1 % of the face amount of business in force, and dividend expenses were $ 49 million, $ 48 million and $ 53 million for the years ended December 31, 2022, 2021 and 2020, respectively. We issue variable annuity and life contracts through separate accounts that may include various types of guaranteed benefits. The liabilities for these guarantees are calculated by estimating the present value of total expected benefit payments over the life of the contract from inception divided by the present value of total expected assessments over the life of the contract (“benefit ratio”) multiplied by the cumulative assessments recorded from the contract inception through the balance sheet date less the cumulative payments plus interest on the liability. The change in the liability for a period is the benefit ratio multiplied by the assessments recorded for the period less payments made in the period plus interest. As experience or assumption changes result in a change in expected benefit payments or assessments, the benefit ratio is unlocked or, in other words, recalculated using the updated expected benefit payments and assessments over the life of the contract since inception. The revised benefit ratio is then applied to the liability calculation described above, with the resulting change in liability reported in benefits on the Consolidated Statements of Comprehensive Income (Loss). During the third quarter of each year, we conduct our comprehensive review of the assumptions and projection models used in estimating these reserves and unlock assumptions similar to the DAC discussion above. We may have unlocking in other quarters as we become aware of information that warrants updating assumptions outside of our comprehensive review. We may also identify and implement actuarial modeling refinements that result in increases or decreases to the carrying value of these reserves. The change in liability impacts EGPs used to calculate amortization of DAC, VOBA, DFEL and DSI. Certain of our variable annuity contracts reported within future contract benefits contain GLB reserves embedded derivatives, a portion of which may be reported in either other assets or other liabilities, and include guaranteed interest and similar contracts, that are carried at fair value on the Consolidated Balance Sheets, which represents approximate exit price including an estimate for our NPR. Certain of these features have elements of both insurance benefits and embedded derivatives. Through our hybrid accounting approach, for reserve calculation purposes we assign product cash flows to the embedded derivative or insurance portion of the reserves based on the life-contingent nature of the benefits. We report the insurance portion of the reserves in future contract benefits. We classify these GLB reserves embedded derivatives items in Level 3 within the hierarchy levels described above in “Fair Value Measurement.” The “market consistent scenarios” used in the determination of the fair value of the GLB liability are similar to those used by an investment bank to value derivatives for which the pricing is not transparent and the aftermarket is nonexistent or illiquid. We use risk-neutral Monte Carlo simulations in our calculation to value the entire block of guarantees, which involve 100 unique scenarios per policy or approximately 44 million scenarios. The market consistent scenario assumptions, as of each valuation date, are those we view to be appropriate for a hypothetical market participant. The market consistent inputs include, but are not limited to, assumptions for capital markets (e.g., implied volatilities, correlation among indices, risk-free swap curve, etc.), policyholder behavior (e.g., policy lapse, rider utilization, etc.), mortality rates, risk margins, maintenance expenses and a margin for profit. We believe these assumptions are consistent with those that would be used by a market participant; however, as the related markets develop we will continue to reassess our assumptions. It is possible that different valuation techniques and assumptions could produce a materially different estimate of fair value. As discussed in Note 5, we use derivative instruments to hedge our exposure to the risks and earnings volatility that result from the embedded derivatives for living benefits in certain of our variable annuity products. The change in fair value of these instruments tends to move in the opposite direction of the change in the value of the associated reserves. The net impact of these changes is reported as a component of realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). Other Contract Holder Funds Other contract holder funds includes account values on UL and VUL insurance and investment-type annuity products where account values are equal to deposits plus interest credited less withdrawals, surrender charges, asset-based fees and contract administration charges, as well as amounts representing the fair value of embedded derivative instruments associated with our IUL and indexed annuity products. During the third quarter of each year, we conduct our comprehensive review of the assumptions and projection models used in estimating these embedded derivatives and unlock assumptions similar to the DAC discussion above. We may have unlocking in other quarters as we become aware of information that warrants updating assumptions outside of our comprehensive review. We may also identify and implement actuarial modeling refinements that result in increases or decreases to the carrying value of these embedded derivatives. Other contract holder funds also includes DFEL (see “DAC, VOBA, DFEL and DSI” above), dividends payable to contract holders and undistributed earnings on participating business.
Short-Term and Long-Term Debt	Short-Term and Long-Term Debt Short-term debt has contractual or expected maturities of one year or less. Long-term debt has contractual or expected maturities greater than one year.
Payables for Collateral on Investments	Payables for Collateral on Investments When we enter into collateralized financing transactions on our investments, a liability is recorded equal to the cash or non-cash collateral received. This liability is included within payables for collateral on investments on the Consolidated Balance Sheets. Income and expenses associated with these transactions are recorded as investment income and investment expenses within net investment income on the Consolidated Statements of Comprehensive Income (Loss). Changes in payables for collateral on investments are reflected within cash flows from investing activities on the Consolidated Statements of Cash Flows.
Contingencies and Commitments	Contingencies and Commitments A loss contingency is an existing condition, situation or set of circumstances involving uncertainty as to possible loss that will ultimately be resolved when one or more future events occur or fail to occur. Contingencies arising from environmental remediation costs, regulatory judgments, claims, assessments, guarantees, litigation, recourse reserves, fines, penalties and other sources are recorded when deemed probable and reasonably estimable, based on our best estimate.
Fee Income	Fee Income Fee income for investment and interest-sensitive life insurance contracts consists of asset-based fees, percent of premium charges, contract administration charges and surrender charges that are assessed against contract holder account values. Investment products consist primarily of individual and group variable and fixed annuities. Interest-sensitive life insurance products include UL, VUL, linked-benefit UL and VUL and other interest-sensitive life insurance policies. These products include life insurance sold to individuals, corporate-owned life insurance and bank-owned life insurance. In bifurcating the embedded derivative of our GLB features on our variable annuity products, we attribute to the embedded derivative the portion of total fees collected from the contract holder that relate to the GLB riders (the “attributed fees”), which are not reported within fee income on the Consolidated Statements of Comprehensive Income (Loss). These attributed fees represent the present value of future claims expected to be paid for the GLB at the inception of the contract plus a margin that a theoretical market participant would include for risk/profit and are reported within realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). The timing of revenue recognition as it relates to fees assessed on investment contracts is determined based on the nature of such fees. Asset-based fees and contract administration charges are assessed on a daily or monthly basis and recognized as revenue as performance obligations are met, over the period underlying customer assets are owned or advisory services are provided. Percent of premium charges are assessed at the time of premium payment and recognized as revenue when assessed and earned. Certain amounts assessed that represent compensation for services to be provided in future periods are reported as unearned revenue and recognized in income over the periods benefited. Surrender charges are recognized upon surrender of a contract by the contract holder in accordance with contractual terms. For investment and interest-sensitive life insurance contracts, the amounts collected from contract holders are considered deposits and are not included in revenue. Wholesaling-related 12b-1 fees received from separate account fund sponsors as compensation for servicing the underlying mutual funds are recorded as revenues based on a contractual percentage of the market value of mutual fund assets over the period shares are owned by customers. Net investment advisory fees related to asset management of certain separate account funds are recorded as revenues based on a contractual percentage of the customer’s managed assets over the period advisory services are provided. Fee income related to 12b-1 fees and net investment advisory fees, reported primarily within our Annuities segment, was $ 743 million, $ 848 million and $ 732 million for the years ended December 31, 2022, 2021 and 2020, respectively.
Insurance Premiums	Insurance Premiums Insurance premiums consist primarily of group insurance products, traditional life insurance and payout annuities with life contingencies. These premiums are recognized as revenue when due.
Net Investment Income	Net Investment Income We earn investment income on the underlying general account investments supporting our fixed products less related expenses. Dividends and interest income, recorded in net investment income, are recognized when earned. Amortization of premiums and accretion of discounts on investments in debt securities are reflected in net investment income over the contractual terms of the investments in a manner that produces a constant effective yield. For CLOs and MBS, included in the trading and fixed maturity AFS securities portfolios, we recognize income using a constant effective yield based on anticipated prepayments and the estimated economic life of the securities. When actual prepayments differ significantly from originally anticipated prepayments, the retrospective effective yield is recalculated to reflect actual payments to date and a catch up adjustment is recorded in the current period. In addition, the new effective yield, which reflects anticipated future payments, is used prospectively. Any adjustments resulting from changes in effective yield are reflected in net investment income on the Consolidated Statements of Comprehensive Income (Loss).
Realized Gain (Loss)	Realized Gain (Loss) Realized gain (loss) includes realized gains and losses from the sale of investments, write-downs for impairments of investments and changes in the allowance for credit losses for financial assets, changes in fair value of mortgage loans on real estate accounted for under the fair value option, changes in fair value of equity securities, certain derivative and embedded derivative gains and losses, gains and losses on the sale of subsidiaries and businesses and net gains and losses on reinsurance-related embedded derivatives and trading securities. Realized gains and losses on the sale of investments are determined using the specific identification method. Realized gain (loss) is recognized in net income, net of associated amortization of DAC, VOBA, DSI and DFEL. Realized gain (loss) is also net of allocations of investment gains and losses to certain contract holders and certain funds withheld on reinsurance arrangements and certain modified coinsurance for which we have a contractual obligation.
Other Revenues	Other Revenues Other revenues consist primarily of fees attributable to broker-dealer services recorded as performance obligations are met, either at the time of sale or over time based on a contractual percentage of customer account values, and proceeds from reinsurance recaptures. The broker-dealer services primarily relate to our retail sales network and consist of commission revenue for the sale of non-affiliated securities recorded on a trade date basis and advisory fee income. Advisory fee income is asset-based revenues recorded as earned based on a contractual percentage of customer account values. Other revenues attributable to broker-dealer services and advisory fee income, reported primarily within our Annuities segment, were $ 584 million, $ 628 million and $ 516 million for the years ended December 31, 2022, 2021 and 2020, respectively. Other revenues earned by our Group Protection segment consist of fees from administrative services performed, which are recognized as performance obligations are met over the terms of the underlying agreements, and were $ 203 million, $ 180 million and $ 177 million for the years ended December 31, 2022, 2021 and 2020, respectively.
Interest Credited	Interest Credited We credit interest to our contract holder account values based on the contractual terms supporting our products.
Benefits	Benefits Benefits for UL and other interest-sensitive life insurance products include benefit claims incurred during the period in excess of contract account values. Benefits also include the change in reserves for life insurance products with secondary guarantee benefits, annuity products with guaranteed death and living benefits and certain annuities with life contingencies. For traditional life, group life and disability income products, benefits are recognized when incurred in a manner consistent with the related premium recognition policies.
Spark Program Expense	Spark Program Expense Spark program expense consists primarily of costs related to our Spark Initiative.
Pensions and Other Post Retirement Benefit Plan	Pension and Other Postretirement Benefit Plans Pursuant to the accounting rules for our obligations to employees and agents under our various pension and other postretirement benefit plans, we are required to make a number of assumptions to estimate related liabilities and expenses. The mortality assumption is based on actual and anticipated plan experience, determined using acceptable actuarial methods. We use assumptions for the weighted-average discount rate and expected return on plan assets to estimate pension expense. The discount rate assumptions are determined using an analysis of current market information and the projected benefit flows associated with these plans. The expected long-term rate of return on plan assets is based on historical and projected future rates of return on the funds invested in the plan. The calculation of our accumulated postretirement benefit obligation also uses an assumption of weighted-average annual rate of increase in the per capita cost of covered benefits, which reflects a health care cost trend rate.
Stock-Based Compensation	Stock-Based Compensation In general, we expense the fair value of stock awards included in our incentive compensation plans. As of the date our stock awards are approved, the fair value of stock options is determined using a Black-Scholes options valuation methodology, and the fair value of other stock awards is based upon the market value of the stock. The fair value of the awards is expensed over the performance or service period, which generally corresponds to the vesting period, and is recognized as an increase to common stock in stockholders’ equity. We apply an estimated forfeiture rate to our accrual of compensation cost. We classify certain stock awards as liabilities. For these awards, the settlement value is classified as a liability on the Consolidated Balance Sheets, and the liability is marked-to-market through net income at the end of each reporting period. Stock-based compensation expense is reflected in commissions and other expenses on the Consolidated Statements of Comprehensive Income (Loss).
Interest and Debt Expense	Interest and Debt Expense Interest expense on our short-term and long-term debt is recognized as due and any associated premiums, discounts and debt issuance costs are amortized (accreted) over the term of the related borrowing utilizing the effective interest method. In addition, gains or losses related to certain derivative instruments associated with debt are recognized in interest and debt expense during the period of the change.
Income Taxes	Income Taxes We file a U.S. consolidated income tax return that includes all of our eligible subsidiaries. Ineligible subsidiaries file separate individual corporate tax returns. Subsidiaries operating outside of the U.S. are taxed, and income tax expense is recorded, based on applicable foreign statutes. Deferred income taxes are recognized, based on enacted rates, when assets and liabilities have different values for financial statement and tax reporting purposes. A valuation allowance is recorded to the extent required. Considerable judgment and the use of estimates are required in determining whether a valuation allowance is necessary and, if so, the amount of such valuation allowance. In evaluating the need for a valuation allowance, we consider many factors, including: the nature and character of the deferred tax assets and liabilities; taxable income in prior carryback years; future reversals of temporary differences; the length of time carryovers can be utilized; and any tax planning strategies we would employ to avoid a tax benefit from expiring unused.
Foreign Currency Translation	Foreign Currency Translation The balance sheet accounts and income statement items of foreign subsidiaries, reported in functional currencies other than the U.S. dollar are translated at the current and average exchange rates for the year, respectively. Resulting translation adjustments and other translation adjustments for foreign currency transactions that affect cash flows are reported in AOCI, a component of stockholders’ equity.
Earnings Per Share	Earnings Per Share Basic earnings per share (“EPS”) is computed by dividing earnings available to common shareholders by the average common shares outstanding. Diluted EPS is computed assuming the conversion or exercise of non-vested stock, stock options and performance share units outstanding during the year. For any period where a net loss is experienced, shares used in the diluted EPS calculation represent basic shares, as the use of diluted shares would result in a lower loss per share.

Nature of Operations, Basis o_3

Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies [Abstract]
Summary of Restated Consolidated Statements	LINCOLN NATIONAL CORPORATION CONSOLIDATED BALANCE SHEETS (in millions, except share data) As of December 31, 2021 As Previously Restatement As Reported Impacts Restated ASSETS Investments: Fixed maturity available-for-sale securities, at fair value (amortized cost: 2021 - $ 105,142 ; allowance for credit losses: 2021 - $ 19 ) $ 118,746 $ ( 35 ) $ 118,711 Trading securities 4,482 ( 22 ) 4,460 Equity securities 318 57 375 Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2021 - $ 739 ) 17,991 - 17,991 Policy loans 2,364 - 2,364 Derivative investments 5,437 260 5,697 Other investments 4,292 ( 4 ) 4,288 Total investments 153,630 256 153,886 Cash and invested cash 2,612 - 2,612 Deferred acquisition costs and value of business acquired 6,081 2 6,083 Accrued investment income 1,189 - 1,189 Reinsurance recoverables, net of allowance for credit losses 20,295 - 20,295 Goodwill 1,778 - 1,778 Other assets 19,133 ( 614 ) 18,519 Separate account assets 182,583 - 182,583 Total assets $ 387,301 $ ( 356 ) $ 386,945 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Future contract benefits $ 41,030 $ - $ 41,030 Other contract holder funds 111,702 8 111,710 Short-term debt 300 - 300 Long-term debt 6,325 - 6,325 Payables for collateral on investments 8,946 - 8,946 Other liabilities 16,143 ( 846 ) 15,297 Separate account liabilities 182,583 - 182,583 Total liabilities 367,029 ( 838 ) 366,191 Contingencies and Commitments (See Note 13) Stockholders’ Equity Preferred stock – 10,000,000 shares authorized - - - Common stock – 800,000,000 shares authorized; 177,193,515 shares issued and outstanding as of December 31, 2021 4,735 - 4,735 Retained earnings 9,096 482 9,578 Accumulated other comprehensive income (loss) 6,441 - 6,441 Total stockholders’ equity 20,272 482 20,754 Total liabilities and stockholders’ equity $ 387,301 $ ( 356 ) $ 386,945 LINCOLN NATIONAL CORPORATION CONSOLIDATED BALANCE SHEETS (in millions, except share data) As of December 31, 2022 As Previously Restatement As Reported Impacts Restated ASSETS Investments: Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $ 111,707 ; allowance for credit losses: 2022 - $ 22 ) $ 99,736 $ - $ 99,736 Trading securities 3,498 - 3,498 Equity securities 427 - 427 Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $ 487 ) 18,301 - 18,301 Policy loans 2,359 - 2,359 Derivative investments 3,736 ( 142 ) 3,594 Other investments 3,739 - 3,739 Total investments 131,796 ( 142 ) 131,654 Cash and invested cash 3,343 - 3,343 Deferred acquisition costs and value of business acquired 13,588 - 13,588 Accrued investment income 1,253 - 1,253 Reinsurance recoverables, net of allowance for credit losses 19,882 - 19,882 Goodwill 1,144 - 1,144 Other assets 20,895 ( 187 ) 20,708 Separate account assets 143,536 - 143,536 Total assets $ 335,437 $ ( 329 ) $ 335,108 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Future contract benefits $ 42,151 $ - $ 42,151 Other contract holder funds 120,800 - 120,800 Short-term debt 500 - 500 Long-term debt 5,955 - 5,955 Payables for collateral on investments 6,712 - 6,712 Other liabilities 11,682 ( 797 ) 10,885 Separate account liabilities 143,536 - 143,536 Total liabilities 331,336 ( 797 ) 330,539 Contingencies and Commitments (See Note 13) Stockholders’ Equity Preferred stock – 10,000,000 shares authorized: Series C preferred stock – 20,000 shares authorized, issued and outstanding as of December 31, 2022 493 - 493 Series D preferred stock – 20,000 shares authorized, issued and outstanding as of December 31, 2022 493 - 493 Common stock – 800,000,000 shares authorized; 169,220,511 shares issued and outstanding as of December 31, 2022 4,544 - 4,544 Retained earnings 6,239 468 6,707 Accumulated other comprehensive income (loss) ( 7,668 ) - ( 7,668 ) Total stockholders’ equity 4,101 468 4,569 Total liabilities and stockholders’ equity $ 335,437 $ ( 329 ) $ 335,108 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (in millions, except per share data) For the Year Ended December 31, 2021 As Previously Restatement As Reported Impacts Restated Revenues Insurance premiums $ 5,617 $ - $ 5,617 Fee income 6,887 18 6,905 Net investment income 6,115 ( 4 ) 6,111 Realized gain (loss) ( 212 ) 626 414 Amortization of deferred gain on business sold through reinsurance 46 ( 8 ) 38 Other revenues 777 - 777 Total revenues 19,230 632 19,862 Expenses Interest credited 2,915 18 2,933 Benefits 8,529 - 8,529 Commissions and other expenses 5,791 3 5,794 Interest and debt expense 270 - 270 Spark program expense 87 - 87 Total expenses 17,592 21 17,613 Income (loss) before taxes 1,638 611 2,249 Federal income tax expense (benefit) 233 129 362 Net income (loss) 1,405 482 1,887 Other comprehensive income (loss), net of tax: Unrealized investment gains (losses) ( 2,535 ) - ( 2,535 ) Foreign currency translation adjustment ( 2 ) - ( 2 ) Funded status of employee benefit plans 47 - 47 Total other comprehensive income (loss), net of tax ( 2,490 ) - ( 2,490 ) Comprehensive income (loss) $ ( 1,085 ) $ 482 $ ( 603 ) Net Income (Loss) Per Common Share Basic $ 7.50 $ 2.57 $ 10.07 Diluted $ 7.43 $ 2.55 $ 9.98 Cash Dividends Declared Per Common Share $ 1.71 $ - $ 1.71 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (in millions, except per share data) For the Year Ended December 31, 2022 As Previously Restatement As Reported Impacts Restated Revenues Insurance premiums $ 6,087 $ - $ 6,087 Fee income 6,054 - 6,054 Net investment income 5,511 4 5,515 Realized gain (loss) 336 9 345 Amortization of deferred gain on business sold through reinsurance 74 ( 32 ) 42 Other revenues 722 1 723 Total revenues 18,784 ( 18 ) 18,766 Expenses Interest credited 2,870 - 2,870 Benefits 12,546 - 12,546 Commissions and other expenses 5,095 1 5,096 Interest and debt expense 283 - 283 Spark program expense 167 - 167 Impairment of intangibles 634 - 634 Total expenses 21,595 1 21,596 Income (loss) before taxes ( 2,811 ) ( 19 ) ( 2,830 ) Federal income tax expense (benefit) ( 584 ) ( 5 ) ( 589 ) Net income (loss) ( 2,227 ) ( 14 ) ( 2,241 ) Other comprehensive income (loss), net of tax: Unrealized investment gains (losses) ( 14,030 ) - ( 14,030 ) Foreign currency translation adjustment ( 20 ) - ( 20 ) Funded status of employee benefit plans ( 59 ) - ( 59 ) Total other comprehensive income (loss), net of tax ( 14,109 ) - ( 14,109 ) Comprehensive income (loss) $ ( 16,336 ) $ ( 14 ) $ ( 16,350 ) Net Income (Loss) Per Common Share Basic $ ( 13.02 ) $ ( 0.09 ) $ ( 13.11 ) Diluted $ ( 13.10 ) $ ( 0.09 ) $ ( 13.19 ) Cash Dividends Declared Per Common Share $ 1.80 $ - $ 1.80 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (in millions) For the Year Ended December 31, 2021 As Previously Restatement As Reported Impacts Restated Common Stock Balance as of beginning-of-year $ 5,082 $ - $ 5,082 Stock compensation/issued for benefit plans 85 - 85 Retirement of common stock/cancellation of shares ( 432 ) - ( 432 ) Balance as of end-of-year 4,735 - 4,735 Retained Earnings Balance as of beginning-of-year 8,686 - 8,686 Net income (loss) 1,405 482 1,887 Retirement of common stock ( 673 ) - ( 673 ) Common stock dividends declared ( 322 ) - ( 322 ) Balance as of end-of-year 9,096 482 9,578 Accumulated Other Comprehensive Income (Loss) Balance as of beginning-of-year 8,931 - 8,931 Other comprehensive income (loss), net of tax ( 2,490 ) - ( 2,490 ) Balance as of end-of-year 6,441 - 6,441 Total stockholders’ equity as of end-of-year $ 20,272 $ 482 $ 20,754 For the Year Ended December 31, 2022 As Previously Restatement As Reported Impacts Restated Preferred Stock Balance as of beginning-of-year $ - $ - $ - Issuance of Series C preferred stock 493 - 493 Issuance of Series D preferred stock 493 - 493 Balance as of end-of-year 986 - 986 Common Stock Balance as of beginning-of-year 4,735 - 4,735 Stock compensation/issued for benefit plans 40 - 40 Retirement of common stock/cancellation of shares ( 231 ) - ( 231 ) Balance as of end-of-year 4,544 - 4,544 Retained Earnings Balance as of beginning-of-year 9,096 482 9,578 Net income (loss) ( 2,227 ) ( 14 ) ( 2,241 ) Retirement of common stock ( 319 ) - ( 319 ) Common stock dividends declared ( 311 ) - ( 311 ) Balance as of end-of-year 6,239 468 6,707 Accumulated Other Comprehensive Income (Loss) Balance as of beginning-of-year 6,441 - 6,441 Other comprehensive income (loss), net of tax ( 14,109 ) - ( 14,109 ) Balance as of end-of-year ( 7,668 ) - ( 7,668 ) Total stockholders’ equity as of end-of-year $ 4,101 $ 468 $ 4,569 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) For the Year Ended December 31, 2021 As Previously Restatement As Reported Impacts Restated Cash Flows from Operating Activities Net income (loss) $ 1,405 $ 482 $ 1,887 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Realized (gain) loss 212 ( 626 ) ( 414 ) Sales and maturities (purchases) of trading securities, net ( 108 ) 21 ( 87 ) Amortization of deferred gain on business sold through reinsurance ( 46 ) 8 ( 38 ) Change in: Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization 315 ( 3 ) 312 Premiums and fees receivable ( 93 ) - ( 93 ) Accrued investment income 16 - 16 Insurance liabilities and reinsurance-related balances ( 1,954 ) ( 1 ) ( 1,955 ) Accrued expenses 389 3 392 Federal income tax accruals 232 129 361 Other ( 217 ) 4 ( 213 ) Net cash provided by (used in) operating activities 151 17 168 Cash Flows from Investing Activities Purchases of available-for-sale securities and equity securities ( 16,893 ) ( 22 ) ( 16,915 ) Sales of available-for-sale securities and equity securities 2,268 - 2,268 Maturities of available-for-sale securities 9,621 - 9,621 Purchases of alternative investments ( 757 ) - ( 757 ) Sales and repayments of alternative investments 377 - 377 Issuance of mortgage loans on real estate ( 3,084 ) 5 ( 3,079 ) Repayment and maturities of mortgage loans on real estate 1,881 - 1,881 Repayment (issuance) of policy loans, net 62 - 62 Net change in collateral on investments, derivatives and related settlements 3,261 - 3,261 Other ( 303 ) - ( 303 ) Net cash provided by (used in) investing activities ( 3,567 ) ( 17 ) ( 3,584 ) Cash Flows from Financing Activities Payment related to modification or early extinguishment of debt ( 8 ) - ( 8 ) Payment related to sale-leaseback transactions ( 59 ) - ( 59 ) Proceeds from certain financing arrangements 159 - 159 Deposits of fixed account values, including the fixed portion of variable 12,639 4 12,643 Withdrawals of fixed account values, including the fixed portion of variable ( 6,607 ) 53 ( 6,554 ) Transfers from (to) separate accounts, net ( 340 ) ( 57 ) ( 397 ) Common stock issued for benefit plans 20 - 20 Repurchase of common stock ( 1,105 ) - ( 1,105 ) Dividends paid to common stockholders ( 319 ) - ( 319 ) Other ( 60 ) - ( 60 ) Net cash provided by (used in) financing activities 4,320 - 4,320 Net increase (decrease) in cash, invested cash and restricted cash 904 - 904 Cash, invested cash and restricted cash as of beginning-of-year 1,708 - 1,708 Cash, invested cash and restricted cash as of end-of-year $ 2,612 $ - $ 2,612 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) For the Year Ended December 31, 2022 As Previously Restatement As Reported Impacts Restated Cash Flows from Operating Activities Net income (loss) $ ( 2,227 ) $ ( 14 ) $ ( 2,241 ) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Realized (gain) loss ( 336 ) ( 9 ) ( 345 ) Sales and maturities (purchases) of trading securities, net 300 - 300 Amortization of deferred gain on business sold through reinsurance ( 74 ) 32 ( 42 ) Impairment of intangibles 634 - 634 Change in: Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization 115 3 118 Premiums and fees receivable ( 54 ) - ( 54 ) Accrued investment income ( 67 ) - ( 67 ) Insurance liabilities and reinsurance-related balances 5,956 2 5,958 Accrued expenses ( 89 ) - ( 89 ) Federal income tax accruals ( 530 ) ( 5 ) ( 535 ) Other 405 ( 6 ) 399 Net cash provided by (used in) operating activities 4,033 3 4,036 Cash Flows from Investing Activities Purchases of available-for-sale securities and equity securities ( 14,813 ) - ( 14,813 ) Sales of available-for-sale securities and equity securities 2,297 - 2,297 Maturities of available-for-sale securities 5,453 - 5,453 Purchases of alternative investments ( 664 ) - ( 664 ) Sales and repayments of alternative investments 446 - 446 Issuance of mortgage loans on real estate ( 2,503 ) ( 4 ) ( 2,507 ) Repayment and maturities of mortgage loans on real estate 2,255 - 2,255 Repayment (issuance) of policy loans, net 5 - 5 Net change in collateral on investments, derivatives and related settlements ( 4,071 ) 1 ( 4,070 ) Other ( 48 ) - ( 48 ) Net cash provided by (used in) investing activities ( 11,643 ) ( 3 ) ( 11,646 ) Cash Flows from Financing Activities Payment of long-term debt, including current maturities ( 300 ) - ( 300 ) Issuance of long-term debt, net of issuance costs 296 - 296 Payment related to sale-leaseback transactions ( 70 ) - ( 70 ) Proceeds from certain financing arrangements 186 - 186 Deposits of fixed account values, including the fixed portion of variable 15,229 - 15,229 Withdrawals of fixed account values, including the fixed portion of variable ( 6,913 ) - ( 6,913 ) Transfers from (to) separate accounts, net ( 195 ) - ( 195 ) Common stock issued for benefit plans ( 16 ) - ( 16 ) Issuance of preferred stock, net of issuance costs 986 - 986 Repurchase of common stock ( 550 ) - ( 550 ) Dividends paid to common stockholders ( 310 ) - ( 310 ) Other ( 2 ) - ( 2 ) Net cash provided by (used in) financing activities 8,341 - 8,341 Net increase (decrease) in cash, invested cash and restricted cash 731 - 731 Cash, invested cash and restricted cash as of beginning-of-year 2,612 - 2,612 Cash, invested cash and restricted cash as of end-of-year $ 3,343 $ - $ 3,343

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2022
Variable Interest Entities [Abstract]
Consolidated Variable Interest Entity Asset and Liability information	As of December 31, 2022 As of December 31, 2021 Number Number of Notional Carrying of Notional Carrying Instruments Amounts Value Instruments Amounts Value Assets Total return swap 1 $ 568 $ - 1 $ 594 $ -

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Reconciliation Of Available-For-Sale Securities From Cost Basis To Fair Value	As of December 31, 2022 Allowance Amortized Gross Unrealized for Credit Fair Cost Gains Losses Losses Value Fixed maturity AFS securities: Corporate bonds $ 89,249 $ 787 $ 11,004 $ 9 $ 79,023 U.S. government bonds 405 5 31 - 379 State and municipal bonds 5,410 172 512 - 5,070 Foreign government bonds 348 17 47 - 318 RMBS 2,216 22 222 7 2,009 CMBS 1,917 3 246 - 1,674 ABS 11,797 38 926 5 10,904 Hybrid and redeemable preferred securities 365 25 30 1 359 Total fixed maturity AFS securities $ 111,707 $ 1,069 $ 13,018 $ 22 $ 99,736 As Restated As of December 31, 2021 Allowance Amortized Gross Unrealized for Credit Fair Cost Gains Losses Losses Value Fixed maturity AFS securities: Corporate bonds $ 86,373 $ 12,113 $ 349 $ 17 $ 98,120 U.S. government bonds 375 60 2 - 433 State and municipal bonds 5,322 1,311 12 - 6,621 Foreign government bonds 373 64 5 - 432 RMBS 2,334 196 4 1 2,525 CMBS 1,552 61 14 - 1,599 ABS 8,439 127 54 - 8,512 Hybrid and redeemable preferred securities 374 107 11 1 469 Total fixed maturity AFS securities $ 105,142 $ 14,039 $ 451 $ 19 $ 118,711
Available-For-Sale Securities By Contractual Maturities	Amortized Fair Cost Value Due in one year or less $ 3,386 $ 3,352 Due after one year through five years 17,659 16,816 Due after five years through ten years 18,568 16,736 Due after ten years 56,164 48,245 Subtotal 95,777 85,149 Structured securities (RMBS, CMBS, ABS) 15,930 14,587 Total fixed maturity AFS securities $ 111,707 $ 99,736
Fair Value And Gross Unrealized Losses In A Continuous Unrealized Loss Position	As of December 31, 2022 Less Than or Equal Greater Than to Twelve Months Twelve Months Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (1) Fixed maturity AFS securities: Corporate bonds $ 59,929 $ 9,049 $ 7,094 $ 1,955 $ 67,023 $ 11,004 U.S. government bonds 261 25 27 6 288 31 State and municipal bonds 1,958 440 237 72 2,195 512 Foreign government bonds 130 19 58 28 188 47 RMBS 1,490 179 193 43 1,683 222 CMBS 1,224 156 320 90 1,544 246 ABS 6,715 552 3,326 374 10,041 926 Hybrid and redeemable preferred securities 63 5 97 25 160 30 Total fixed maturity AFS securities $ 71,770 $ 10,425 $ 11,352 $ 2,593 $ 83,122 $ 13,018 Total number of fixed maturity AFS securities in an unrealized loss position 8,175 As of December 31, 2021 Less Than or Equal Greater Than to Twelve Months Twelve Months Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (1) Fixed maturity AFS securities: Corporate bonds $ 10,796 $ 234 $ 1,567 $ 115 $ 12,363 $ 349 U.S. government bonds 6 - 26 2 32 2 State and municipal bonds 522 11 24 1 546 12 Foreign government bonds 61 3 56 2 117 5 RMBS 262 3 22 1 284 4 CMBS 446 12 37 2 483 14 ABS 4,646 49 165 5 4,811 54 Hybrid and redeemable preferred securities 47 1 76 10 123 11 Total fixed maturity AFS securities $ 16,786 $ 313 $ 1,973 $ 138 $ 18,759 $ 451 Total number of fixed maturity AFS securities in an unrealized loss position 2,597 (1) As of December 31, 2022 and 2021, we recognized $ 6 million and $ 8 million of gross unrealized losses, respectively, in OCI for fixed maturity AFS securities for which an allowance for credit losses has been recorded.
Schedule Of Available-For-Sale Securities Whose Value Is Below Amortized Cost	As of December 31, 2022 Gross Number Fair Unrealized of Value Losses Securities (1) Less than six months $ 11,351 $ 3,659 1,500 Six months or greater, but less than nine months 4,411 2,226 650 Nine months or greater, but less than twelve months 447 302 74 Twelve months or greater 2 1 15 Total $ 16,211 $ 6,188 2,239 As of December 31, 2021 Gross Number Fair Unrealized of Value Losses Securities (1) Less than six months $ 12 $ 3 6 Twelve months or greater 58 8 24 Total $ 70 $ 11 30 (1) We may reflect a security in more than one aging category based on various purchase dates.
Changes In Allowance For Credit Losses On AFS	For the Year Ended December 31, 2022 Corporate Bonds RMBS Other Total Balance as of beginning-of-year $ 17 $ 1 $ 1 $ 19 Additions from purchases of PCD debt securities (1) - - - - Additions for securities for which credit losses were not previously recognized 4 3 1 8 Additions (reductions) for securities for which credit losses were previously recognized 2 3 4 9 Reductions for securities disposed ( 2 ) - - ( 2 ) Reductions for securities charged-off ( 12 ) - - ( 12 ) Balance as of end-of-year (2) $ 9 $ 7 $ 6 $ 22 For the Year Ended December 31, 2021 Corporate Bonds RMBS Other Total Balance as of beginning-of-year $ 12 $ 1 $ - $ 13 Additions from purchases of PCD debt securities (1) - - - - Additions for securities for which credit losses were not previously recognized 8 - 1 9 Additions (reductions) for securities for which credit losses were previously recognized 5 - - 5 Reductions for securities disposed ( 2 ) - - ( 2 ) Reductions for securities charged-off ( 6 ) - - ( 6 ) Balance as of end-of-year (2) $ 17 $ 1 $ 1 $ 19 For the Year Ended December 31, 2020 Corporate Bonds RMBS Other Total Balance as of beginning-of-year $ - $ - $ - $ - Additions from purchases of PCD debt securities (1) - - - - Additions for securities for which credit losses were not previously recognized 43 1 1 45 Additions (reductions) for securities for which credit losses were previously recognized ( 1 ) - ( 1 ) ( 2 ) Reductions for securities disposed ( 17 ) - - ( 17 ) Reductions for securities charged-off ( 13 ) - - ( 13 ) Balance as of end-of-year (2) $ 12 $ 1 $ - $ 13 (1) Represents purchased credit-deteriorated (“PCD”) fixed maturity AFS securities. (2) As of December 31, 2022, 2021 and 2020, accrued investment income on fixed maturity AFS securities totaled $ 1.1 billion, $ 972 million and $ 1.0 billion, respectively, and was excluded from the estimate of credit losses.
Fair Value Of Trading Securities	As Restated As of As of December 31, December 31, 2022 2021 Fixed maturity securities: Corporate bonds $ 2,248 $ 2,734 U.S. government bonds - 32 State and municipal bonds 21 27 Foreign government bonds 49 73 RMBS 99 95 CMBS 137 137 ABS 919 1,338 Hybrid and redeemable preferred securities 25 24 Total trading securities $ 3,498 $ 4,460
Composition Of Current And Past Due Mortgage Loans On Real Estate	As of December 31, 2022 As of December 31, 2021 Commercial Residential Total Commercial Residential Total Current $ 17,003 $ 1,315 $ 18,318 $ 17,167 $ 837 $ 18,004 30 to 59 days past due 19 23 42 15 21 36 60 to 89 days past due - 6 6 - 5 5 90 or more days past due - 33 33 - 29 29 Allowance for credit losses ( 84 ) ( 15 ) ( 99 ) ( 79 ) ( 17 ) ( 96 ) Unamortized premium (discount) ( 8 ) 36 28 ( 11 ) 27 16 Mark-to-market gains (losses) (1) ( 27 ) - ( 27 ) ( 3 ) - ( 3 ) Total carrying value $ 16,903 $ 1,398 $ 18,301 $ 17,089 $ 902 $ 17,991 (1) Represents the mark-to-market on certain mortgage loans on real estate for which we have elected the fair value option. See Note 20 for additional information.
Schedule Of Average Carrying Value Of Impaired Mortgage Loans On Real Estate	For the Years Ended December 31, 2022 2021 2020 Average aggregate carrying value for impaired mortgage loans on real estate $ 16 $ 32 $ 21 Interest income recognized on impaired mortgage loans on real estate - - - Interest income collected on impaired mortgage loans on real estate - - -
Amortized Cost Of Mortgage Loans On Real Estate On Nonaccrual Status	As of December 31, 2022 As of December 31, 2021 Nonaccrual Nonaccrual with no with no Allowance Allowance for Credit for Credit Losses Nonaccrual Losses Nonaccrual Commercial mortgage loans on real estate $ - $ - $ - $ - Residential mortgage loans on real estate - 34 - 30 Total $ - $ 34 $ - $ 30
Changes In Allowance For Credit Losses On Mortgage Loans On Real Estate	For the Year Ended December 31, 2022 Commercial Residential Total Balance as of beginning-of-year $ 79 $ 17 $ 96 Additions (reductions) from provision for credit loss expense (1) 5 ( 2 ) 3 Additions from purchases of PCD mortgage loans on real estate - - - Balance as of end-of-year (2) $ 84 $ 15 $ 99 For the Year Ended December 31, 2021 Commercial Residential Total Balance as of beginning-of-year $ 187 $ 17 $ 204 Additions (reductions) from provision for credit loss expense (1) ( 108 ) - ( 108 ) Additions from purchases of PCD mortgage loans on real estate - - - Balance as of end-of-year (2) $ 79 $ 17 $ 96 For the Year Ended December 31, 2020 Commercial Residential Total Balance as of beginning-of-year $ - $ 2 $ 2 Impact of adopting new accounting standard 62 26 88 Additions (reductions) from provision for credit loss expense (1) 125 ( 11 ) 114 Additions from purchases of PCD mortgage loans on real estate - - - Balance as of end-of-year (2) $ 187 $ 17 $ 204 (1) We did not recognize any credit loss benefit (expense) related to unfunded commitments for mortgage loans on real estate for the year ended December 31, 2022. We recognized $ 4 million and $( 2 ) million of credit loss benefit (expense) related to unfunded commitments for mortgage loans on real estate for the years ended December 31, 2021 and 2020, respectively. (2) Accrued investment income on mortgage loans on real estate totaled $ 51 million, $ 49 million and $ 49 million as of December 31, 2022, 2021 and 2020, respectively, and was excluded from the estimate of credit losses.
Net Investment Income	As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Fixed maturity AFS securities $ 4,469 $ 4,351 $ 4,334 Trading securities 182 167 202 Equity securities 11 3 3 Mortgage loans on real estate 689 680 677 Policy loans 101 115 125 Cash and invested cash 13 - 12 Commercial mortgage loan prepayment and bond make-whole premiums 105 199 82 Alternative investments 66 679 197 Consent fees 8 10 7 Other investments 79 64 46 Investment income 5,723 6,268 5,685 Investment expense ( 208 ) ( 157 ) ( 175 ) Net investment income $ 5,515 $ 6,111 $ 5,510
Credit Loss Expense Incurred	For the Years Ended December 31, 2022 2021 2020 Credit Loss Benefit (Expense) Fixed maturity AFS securities: Corporate bonds $ ( 5 ) $ ( 10 ) $ ( 25 ) RMBS ( 6 ) - ( 1 ) ABS ( 4 ) - - Hybrid and redeemable preferred securities - ( 1 ) - Gross credit loss benefit (expense) ( 15 ) ( 11 ) ( 26 ) Associated amortization of DAC, VOBA, DSI and DFEL - - 1 Net credit loss benefit (expense) $ ( 15 ) $ ( 11 ) $ ( 25 )
Payables For Collateral On Investments	As of December 31, 2022 As of December 31, 2021 Carrying Fair Carrying Fair Value Value Value Value Collateral payable for derivative investments (1) $ 3,284 $ 3,284 $ 5,575 $ 5,575 Securities pledged under securities lending agreements (2) 298 287 241 235 Investments pledged for FHLBI (3) 3,130 3,925 3,130 4,876 Total payables for collateral on investments $ 6,712 $ 7,496 $ 8,946 $ 10,686 (1) We obtain collateral based upon contractual provisions with our counterparties. These agreements take into consideration the counterparties’ credit rating as compared to ours, the fair value of the derivative investments and specified thresholds that if exceeded result in the receipt of cash that is typically invested in cash and invested cash. This also includes interest payable on collateral. See Note 5 for additional information. (2) Our pledged securities under securities lending agreements are included in fixed maturity AFS securities on the Consolidated Balance Sheets. We generally obtain collateral in an amount equal to 102 % and 105 % of the fair value of the domestic and foreign securities, respectively. We value collateral daily and obtain additional collateral when deemed appropriate. The cash received in our securities lending program is typically invested in cash and invested cash or fixed maturity AFS securities. (3) Our pledged investments for FHLBI are included in fixed maturity AFS securities and mortgage loans on real estate on the Consolidated Balance Sheets. The collateral requirements are generally 105 % to 115 % of the fair value for fixed maturity AFS securities and 155 % to 175 % of the fair value for mortgage loans on real estate. The cash received in these transactions is primarily invested in cash and invested cash or fixed maturity AFS securities.
Schedule Of Increase (Decrease) In Payables For Collateral On Investments	For the Years Ended December 31, 2022 2021 2020 Collateral payable for derivative investments $ ( 2,291 ) $ 2,599 $ 1,588 Securities pledged under securities lending agreements 57 125 2 Investments pledged for FHLBI - - ( 450 ) Total increase (decrease) in payables for collateral on investments $ ( 2,234 ) $ 2,724 $ 1,140
Schedule Of Securities Pledged By Contractual Maturity	As of December 31, 2022 Overnight and Continuous Up to 30 Days 30 - 90 Days Greater Than 90 Days Total Securities Lending Corporate bonds $ 288 $ - $ - $ - $ 288 Foreign government bonds 2 - - - 2 Equity securities 8 - - - 8 Total gross secured borrowings $ 298 $ - $ - $ - $ 298 As of December 31, 2021 Overnight and Continuous Up to 30 Days 30 - 90 Days Greater Than 90 Days Total Securities Lending Corporate bonds $ 239 $ - $ - $ - $ 239 Foreign government bonds 1 - - - 1 Equity securities 1 - - - 1 Total gross secured borrowings $ 241 $ - $ - $ - $ 241
Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Quality Indicators For Mortgage Loans	As of December 31, 2022 Debt- Debt- Debt- Service Service Service Less Coverage 65% Coverage Greater Coverage than 65% Ratio to 75% Ratio than 75% Ratio Total Origination Year 2022 $ 1,769 2.06 $ 105 1.50 $ 2 1.45 $ 1,876 2021 2,354 3.05 72 1.53 - - 2,426 2020 1,289 3.00 17 1.58 - - 1,306 2019 2,685 2.18 81 1.50 29 1.58 2,795 2018 2,225 2.17 71 1.62 - - 2,296 2017 and prior 6,184 2.44 131 1.75 - - 6,315 Total $ 16,506 $ 477 $ 31 $ 17,014 As of December 31, 2021 Debt- Debt- Debt- Service Service Service Less Coverage 65% Coverage Greater Coverage than 65% Ratio to 75% Ratio than 75% Ratio Total Origination Year 2021 $ 2,384 3.04 $ 136 1.74 $ - - $ 2,520 2020 1,358 3.03 144 2.06 - - 1,502 2019 2,917 2.15 188 1.42 - - 3,105 2018 2,274 2.13 172 1.59 15 1.02 2,461 2017 1,655 2.33 149 1.74 27 0.83 1,831 2016 and prior 5,554 2.41 171 1.76 27 1.08 5,752 Total $ 16,142 $ 960 $ 69 $ 17,171
Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Credit Quality Indicators For Mortgage Loans	As of December 31, 2022 Performing Nonperforming Total Origination Year 2022 $ 578 $ 5 $ 583 2021 527 6 533 2020 90 3 93 2019 119 18 137 2018 65 2 67 2017 and prior - - - Total $ 1,379 $ 34 $ 1,413 As of December 31, 2021 Performing Nonperforming Total Origination Year 2021 $ 467 $ 2 $ 469 2020 129 2 131 2019 189 21 210 2018 104 5 109 2017 - - - 2016 and prior - - - Total $ 889 $ 30 $ 919

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Derivative Instruments [Abstract]
Outstanding Derivative Instruments With Off-Balance-Sheet Risks	As Restated As of December 31, 2022 As of December 31, 2021 Notional Fair Value Notional Fair Value Amounts Asset Liability Amounts Asset Liability Qualifying Hedges Cash flow hedges: Interest rate contracts (1) $ 2,590 $ 123 $ 232 $ 3,222 $ 98 $ 436 Foreign currency contracts (1) 4,383 643 18 3,979 283 51 Total cash flow hedges 6,973 766 250 7,201 381 487 Fair value hedges: Interest rate contracts (1) 1,155 2 44 1,157 - 213 Non-Qualifying Hedges Interest rate contracts (1) 105,977 709 935 82,786 897 176 Foreign currency contracts (1) 395 27 2 487 7 2 Equity market contracts (1) 142,946 5,135 2,035 107,515 8,490 3,909 Commodity contracts (1) 13 14 3 - - - Credit contracts (1) - - - 49 - - Embedded derivatives: GLB direct (2) - 1,697 - - 1,967 - GLB ceded (2) - 29 167 - 56 182 Reinsurance-related (2) - 416 - - - 206 Indexed annuity and IUL contracts (2) (3) - 525 4,783 - 528 6,131 Total derivative instruments $ 257,459 $ 9,320 $ 8,219 $ 199,195 $ 12,326 $ 11,306 (1) Reported in derivative investments and other liabilities on the Consolidated Balance Sheets. (2) Reported in other assets and other liabilities on the Consolidated Balance Sheets. (3) Reported in future contract benefits on the Consolidated Balance Sheets.
Maturity Of The Notional Amounts Of Derivative Financial Instruments	As Restated Remaining Life as of December 31, 2022 Less Than 1 - 5 6 - 10 11 - 30 Over 30 1 Year Years Years Years Years Total Interest rate contracts (1) $ 31,463 $ 27,958 $ 24,892 $ 21,196 $ 4,213 $ 109,722 Foreign currency contracts (2) 261 730 1,681 2,037 69 4,778 Equity market contracts 95,134 28,952 7,796 9 11,055 142,946 Commodity contracts 13 - - - - 13 Total derivative instruments with notional amounts $ 126,871 $ 57,640 $ 34,369 $ 23,242 $ 15,337 $ 257,459 (1) As of December 31, 2022, the latest maturity date for which we were hedging our exposure to the variability in future cash flows for these instruments was April 20, 2067 . (2) As of December 31, 2022, the latest maturity date for which we were hedging our exposure to the variability in future cash flows for these instruments was June 16, 2061 .
Cumulative Basis Adjustments For Fair Value Hedges	Cumulative Fair Value Hedging Adjustment Included in the Amortized Cost of the Amortized Cost of the Hedged Hedged Assets / (Liabilities) Assets / (Liabilities) As of As of As of As of December 31, December 31, December 31, December 31, 2022 2021 2022 2021 Line Item in the Consolidated Balance Sheets in which the Hedged Item is Included Fixed maturity AFS securities, at fair value $ 587 $ 764 $ 44 $ 211 Long-term debt (1) ( 698 ) ( 854 ) 177 21 (1) Includes $( 341 ) million and $( 356 ) million of unamortized adjustments from discontinued hedges as of December 31, 2022 and 2021, respectively.
Change In Our Unrealized Gain On Derivative Instruments In Accumulated OCI	For the Years Ended December 31, 2022 2021 2020 Unrealized Gain (Loss) on Derivative Instruments Balance as of beginning-of-year $ ( 103 ) $ ( 402 ) $ ( 11 ) Other comprehensive income (loss): Unrealized holding gains (losses) arising during the period: Cash flow hedges: Interest rate contracts 196 116 ( 350 ) Foreign currency contracts 182 130 93 Change in foreign currency exchange rate adjustment 312 152 ( 174 ) Change in DAC, VOBA, DSI and DFEL 27 8 ( 17 ) Income tax benefit (expense) ( 150 ) ( 87 ) 94 Less: Reclassification adjustment for gains (losses) included in net income (loss): Cash flow hedges: Interest rate contracts (1) 2 3 2 Interest rate contracts (2) ( 11 ) ( 23 ) ( 16 ) Foreign currency contracts (1) 62 48 56 Foreign currency contracts (3) 39 ( 2 ) 6 Associated amortization of DAC, VOBA, DSI and DFEL ( 6 ) ( 1 ) ( 1 ) Income tax benefit (expense) ( 18 ) ( 5 ) ( 10 ) Balance as of end-of-year $ 396 $ ( 103 ) $ ( 402 ) (1) The OCI offset is reported within net investment income on the Consolidated Statements of Comprehensive Income (Loss). (2) The OCI offset is reported within interest and debt expense on the Consolidated Statements of Comprehensive Income (Loss). (3) The OCI offset is reported within realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss).
Effects Of Qualifying And Non-Qualifying Hedges	As Restated Gain (Loss) Recognized in Income For the Year Ended December 31, 2022 Realized Net Interest Gain Investment and Debt (Loss) Income Expense Total Line Items in which the Effects of Fair Value or Cash Flow Hedges are Recorded $ 345 $ 5,515 $ 283 Qualifying Hedges Gain or (loss) on fair value hedging relationships: Interest rate contracts: Hedged items - ( 167 ) 156 Derivatives designated as hedging instruments - 167 ( 156 ) Gain or (loss) on cash flow hedging relationships: Interest rate contracts: Amount of gain or (loss) reclassified from AOCI into income - 2 ( 11 ) Foreign currency contracts: Amount of gain or (loss) reclassified from AOCI into income 39 62 - Non-Qualifying Hedges Interest rate contracts ( 2,113 ) - - Foreign currency contracts 3 - - Equity market contracts ( 2,075 ) - - Commodity contracts 11 Credit contracts ( 4 ) - - Embedded derivatives: GLB ( 282 ) - - Reinsurance-related 622 - - Indexed annuity and IUL contracts 1,760 - - As Restated Gain (Loss) Recognized in Income For the Year Ended December 31, 2021 Realized Net Interest Gain Investment and Debt (Loss) Income Expense Total Line Items in which the Effects of Fair Value or Cash Flow Hedges are Recorded $ 414 $ 6,111 $ 270 Qualifying Hedges Gain or (loss) on fair value hedging relationships: Interest rate contracts: Hedged items - ( 60 ) 46 Derivatives designated as hedging instruments - 60 ( 46 ) Gain or (loss) on cash flow hedging relationships: Interest rate contracts: Amount of gain or (loss) reclassified from AOCI into income - 3 ( 23 ) Foreign currency contracts: Amount of gain or (loss) reclassified from AOCI into income ( 2 ) 48 - Non-Qualifying Hedges Interest rate contracts ( 957 ) - - Foreign currency contracts ( 1 ) - - Equity market contracts 3,354 - - Credit contracts ( 1 ) - - Embedded derivatives: GLB 1,309 - - Reinsurance-related 185 - - Indexed annuity and IUL contracts ( 2,622 ) - - Gain (Loss) Recognized in Income For the Year Ended December 31, 2020 Realized Net Interest Gain Investment and Debt (Loss) Income Expense Total Line Items in which the Effects of Fair Value or Cash Flow Hedges are Recorded $ ( 513 ) $ 5,510 $ 284 Qualifying Hedges Gain or (loss) on fair value hedging relationships: Interest rate contracts: Hedged items - 69 136 Derivatives designated as hedging instruments - ( 69 ) ( 136 ) Gain or (loss) on cash flow hedging relationships: Interest rate contracts: Amount of gain or (loss) reclassified from AOCI into income - 2 ( 16 ) Foreign currency contracts: Amount of gain or (loss) reclassified from AOCI into income 6 56 - Non-Qualifying Hedges Interest rate contracts 1,287 - - Foreign currency contracts ( 3 ) - - Equity market contracts 971 - - Credit contracts ( 6 ) - - Embedded derivatives: GLB 32 - - Reinsurance-related ( 65 ) - - Indexed annuity and IUL contracts ( 471 ) - -
Open Credit Default Swap Liabilities	As of December 31, 2022 and 2021, we did not have any exposure related to CDSs for which we are the seller.
Schedule Of Collateral Amounts With Rights To Reclaim Or Obligation To Return Cash	As of December 31, 2022 As of December 31, 2021 Collateral Collateral Collateral Collateral Posted by Posted by Posted by Posted by S&P Counter- LNC Counter- LNC Credit Party (Held by Party (Held by Rating of (Held by Counter- (Held by Counter- Counterparty LNC) Party) LNC) Party) AA- $ 383 $ ( 6 ) $ 2,346 $ ( 281 ) A+ 1,718 ( 166 ) 2,772 ( 251 ) A 1,172 - 456 ( 189 ) $ 3,273 $ ( 172 ) $ 5,574 $ ( 721 )
Schedule Of Offsetting Assets And Liabilities	As Restated As of December 31, 2022 Embedded Derivative Derivative Instruments Instruments Total Financial Assets Gross amount of recognized assets $ 6,604 $ 2,667 $ 9,271 Gross amounts offset ( 3,010 ) - ( 3,010 ) Net amount of assets 3,594 2,667 6,261 Gross amounts not offset: Cash collateral ( 3,273 ) - ( 3,273 ) Non-cash collateral (1) ( 321 ) - ( 321 ) Net amount $ - $ 2,667 $ 2,667 Financial Liabilities Gross amount of recognized liabilities $ 260 $ 4,950 $ 5,210 Gross amounts offset ( 50 ) - ( 50 ) Net amount of liabilities 210 4,950 5,160 Gross amounts not offset: Cash collateral ( 172 ) - ( 172 ) Non-cash collateral (1) ( 38 ) - ( 38 ) Net amount $ - $ 4,950 $ 4,950 (1) Excludes excess non-cash collateral received of $ 1.1 billion and excess non-cash collateral pledged of $ 8 million, as the collateral offset is limited to the net estimated fair value of derivatives after application of netting arrangements. As Restated As of December 31, 2021 Embedded Derivative Derivative Instruments Instruments Total Financial Assets Gross amount of recognized assets $ 9,705 $ 2,551 $ 12,256 Gross amounts offset ( 4,008 ) - ( 4,008 ) Net amount of assets 5,697 2,551 8,248 Gross amounts not offset: Cash collateral (1) ( 5,574 ) - ( 5,574 ) Non-cash collateral (2) ( 123 ) - ( 123 ) Net amount $ - $ 2,551 $ 2,551 Financial Liabilities Gross amount of recognized liabilities $ 779 $ 6,519 $ 7,298 Gross amounts offset ( 70 ) - ( 70 ) Net amount of liabilities 709 6,519 7,228 Gross amounts not offset: Cash collateral (1) ( 709 ) - ( 709 ) Non-cash collateral (2) - - - Net amount $ - $ 6,519 $ 6,519 (1) Excludes excess cash collateral pledged of $ 12 million, as the cash collateral offset is limited to the net estimated fair value of derivatives after application of netting arrangements. (2) Excludes excess non-cash collateral received of $ 409 million, as the collateral offset is limited to the net estimated fair value of derivatives after application of netting arrangements.

Federal Income Taxes (Tables)

Federal Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Federal Income Taxes [Abstract]
Federal Income Tax Expense	As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Current $ 3 $ 12 $ ( 61 ) Deferred ( 592 ) 350 ( 15 ) Federal income tax expense (benefit) $ ( 589 ) $ 362 $ ( 76 )
Reconciliation of effective tax rate differences	As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Income (loss) before taxes $ ( 2,830 ) $ 2,249 $ 423 Federal statutory rate 21 % 21 % 21 % Federal income tax expense (benefit) at federal statutory rate ( 594 ) 472 89 Effect of: Tax-preferred investment income (1) ( 90 ) ( 88 ) ( 98 ) Tax credits ( 42 ) ( 26 ) ( 39 ) Excess tax benefits from stock-based compensation ( 1 ) - 3 Goodwill impairment 133 - - Tax impact associated with the Tax Cuts and Jobs Act (2) - - ( 37 ) Other items 5 4 6 Federal income tax expense (benefit) $ ( 589 ) $ 362 $ ( 76 ) Effective tax rate 21 % 16 % - 18 % (1) Relates primarily to separate account dividends eligible for the dividends-received deduction. (2) In 2020, we recognized a $ 37 million tax benefit attributable to the carry back of a 2020 net operating loss under the provisions of the Coronavirus Aid, Relief, and Economic Security Act, which provides for a five-year carryback period.
Federal Income Tax Asset Liability	As Restated As of December 31, 2022 2021 Current $ 83 $ 142 Deferred 1,455 ( 2,899 ) Total federal income tax asset (liability) $ 1,538 $ ( 2,757 )
Significant components of deferred tax assets and liabilities	As Restated As of December 31, 2022 2021 Deferred Tax Assets Future contract benefits and other contract holder funds $ 706 $ 442 Reinsurance-related embedded derivative liability - 43 Compensation and benefit plans 172 198 Intangibles 18 25 Net unrealized loss on fixed maturity AFS securities 2,265 - Net unrealized loss on trading securities 70 - Investment activity 273 - Tax credits 101 58 Net operating losses 278 292 Other 15 - Total deferred tax assets $ 3,898 $ 1,058 Deferred Tax Liabilities DAC $ 1,813 $ 426 VOBA 276 149 Net unrealized gain on fixed maturity AFS securities - 2,830 Net unrealized gain on trading securities - 65 Investment activity - 328 Reinsurance-related embedded derivative asset 87 - Other 267 159 Total deferred tax liabilities $ 2,443 $ 3,957 Net deferred tax asset (liability) $ 1,455 $ ( 2,899 )
Reconciliation Of Unrecognized Tax Benefits	For the Years Ended December 31, 2022 2021 Balance as of beginning-of-year $ 53 $ 51 Increases for prior year tax positions 5 2 Settlements for prior year tax positions ( 6 ) - Balance as of end-of-year $ 52 $ 53

DAC, VOBA, DSI and DFEL (Tables

DAC, VOBA, DSI and DFEL (Tables)	12 Months Ended
	Dec. 31, 2022
DAC, VOBA, DSI and DFEL [Abstract]
DAC	As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Balance as of beginning-of-year $ 5,890 $ 5,565 $ 7,352 Cumulative effect from adoption of new accounting standard - - 5 Business acquired (sold) through reinsurance - ( 362 ) ( 10 ) Deferrals 1,372 1,372 1,446 Amortization, net of interest: Amortization, excluding unlocking, net of interest ( 814 ) ( 997 ) ( 796 ) Unlocking ( 210 ) ( 565 ) ( 231 ) Adjustment related to realized (gains) losses ( 128 ) 85 ( 19 ) Adjustment related to unrealized (gains) losses 6,648 792 ( 2,182 ) Balance as of end-of-year $ 12,758 $ 5,890 $ 5,565
VOBA	For the Years Ended December 31, 2022 2021 2020 Balance as of beginning-of-year $ 193 $ 247 $ 342 Business acquired (sold) through reinsurance - ( 288 ) - Deferrals 2 - 3 Amortization: Amortization, excluding unlocking ( 75 ) ( 94 ) ( 105 ) Unlocking 60 ( 7 ) ( 205 ) Accretion of interest (1) 23 33 44 Adjustment related to realized (gains) losses ( 2 ) ( 3 ) - Adjustment related to unrealized (gains) losses 629 305 168 Balance as of end-of-year $ 830 $ 193 $ 247 (1) The interest accrual rates utilized to calculate the accretion of interest ranged from 4.2 % to 6.9 %.
Estimated Future Amortization Of VOBA	2023 $ 33 2024 35 2025 34 2026 33 2027 31
DSI	For the Years Ended December 31, 2022 2021 2020 Balance as of beginning-of-year $ 203 $ 213 $ 234 Deferrals 6 5 7 Amortization, net of interest: Amortization, excluding unlocking, net of interest ( 15 ) ( 26 ) ( 20 ) Unlocking 2 - ( 1 ) Adjustment related to realized (gains) losses ( 2 ) 3 ( 1 ) Adjustment related to unrealized (gains) losses 21 8 ( 6 ) Balance as of end-of-year $ 215 $ 203 $ 213
DFEL	For the Years Ended December 31, 2022 2021 2020 Balance as of beginning-of-year $ 415 $ 401 $ 650 Cumulative effect from adoption of new accounting standard - - 4 Business acquired (sold) through reinsurance - ( 290 ) - Deferrals 1,083 1,015 1,003 Amortization, net of interest: Amortization, excluding unlocking, net of interest ( 565 ) ( 595 ) ( 538 ) Unlocking ( 49 ) ( 387 ) ( 275 ) Adjustment related to realized (gains) losses ( 35 ) ( 10 ) 25 Adjustment related to unrealized (gains) losses 4,820 281 ( 468 ) Balance as of end-of-year $ 5,669 $ 415 $ 401

Reinsurance (Tables)

Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2022
Reinsurance [Abstract]
Reinsurance Amounts Recorded on Consolidated Statements of Income (Loss)	As Restated For the For the For the Year Ended Year Ended Year Ended December 31, December 31, December 31, 2022 2021 2020 Direct insurance premiums and fee income $ 13,941 $ 14,172 $ 13,304 Reinsurance assumed 98 94 95 Reinsurance ceded ( 1,898 ) ( 1,744 ) ( 1,656 ) Total insurance premiums and fee income $ 12,141 $ 12,522 $ 11,743 Direct insurance benefits $ 15,065 $ 10,714 $ 10,630 Reinsurance recoveries ( 2,519 ) ( 2,185 ) ( 1,953 ) Total benefits $ 12,546 $ 8,529 $ 8,677
Schedule Of Assets In Support Of Reserves	As of December 31, 2022 2021 Fixed maturity AFS securities $ 474 $ 744 Trading securities 2,644 3,399 Equity securities 60 54 Mortgage loans on real estate 487 739 Derivative investments 39 93 Other investments 42 227 Cash and invested cash 26 110 Accrued investment income 35 33 Other assets 2 5 Total $ 3,809 $ 5,404

Goodwill and Specifically Ide_2

Goodwill and Specifically Identifiable Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Specifically Identifiable Intangible Assets [Abstract]
Changes In Carrying Amount Of Goodwill, By Reportable Segment	For the Year Ended December 31, 2022 Gross Accumulated Net Goodwill Impairment Goodwill Net as of as of as of Goodwill Beginning- Beginning- Beginning- as of End- of-Year of-Year of-Year Impairment of-Year Life Insurance $ 2,188 $ ( 1,554 ) $ 634 $ ( 634 ) $ - Annuities 1,040 ( 600 ) 440 - 440 Group Protection 684 - 684 - 684 Retirement Plan Services 20 - 20 - 20 Total goodwill $ 3,932 $ ( 2,154 ) $ 1,778 $ ( 634 ) $ 1,144 For the Year Ended December 31, 2021 Gross Accumulated Net Goodwill Impairment Goodwill Net as of as of as of Goodwill Beginning- Beginning- Beginning- as of End- of-Year of-Year of-Year Impairment of-Year Life Insurance $ 2,188 $ ( 1,554 ) $ 634 $ - $ 634 Annuities 1,040 ( 600 ) 440 - 440 Group Protection 684 - 684 - 684 Retirement Plan Services 20 - 20 - 20 Total goodwill $ 3,932 $ ( 2,154 ) $ 1,778 $ - $ 1,778
Schedule Of Intangible Assets By Reportable Segment	As Restated As of December 31, 2022 As of December 31, 2021 Gross Gross Carrying Accumulated Carrying Accumulated Amount Amortization Amount Amortization Life Insurance: Sales force $ 100 $ 67 $ 100 $ 63 Group Protection: VOCRA 576 115 576 85 VODA 31 10 31 7 Retirement Plan Services: Mutual fund contract rights (1) 5 - 5 - Total $ 712 $ 192 $ 712 $ 155 (1) No amortization recorded as the intangible asset has indefinite life.
Future estimated amortization of specifically identifiable intangible assets	2023 $ 37 2024 37 2025 37 2026 37 2027 37 Thereafter 330

Guaranteed Benefit Features (Ta

Guaranteed Benefit Features (Tables)	12 Months Ended
	Dec. 31, 2022
Guaranteed Benefit Features [Abstract]
Information On Guaranteed Death Benefit Features	As of December 31, 2022 (1) 2021 (1) Return of Net Deposits Total account value $ 94,297 $ 117,503 Net amount at risk (2) 1,376 84 Average attained age of contract holders 67 years 67 years Minimum Return Total account value $ 71 $ 102 Net amount at risk (2) 14 11 Average attained age of contract holders 79 years 79 years Guaranteed minimum return 5 % 5 % Anniversary Contract Value Total account value $ 21,730 $ 28,788 Net amount at risk (2) 3,699 400 Average attained age of contract holders 73 years 73 years (1) Our variable contracts with guarantees may offer more than one type of guarantee in each contract; therefore, the amounts listed are not mutually exclusive. (2) Represents the amount of death benefit in excess of the account value that is subject to market fluctuations.
Summary Of Guaranteed Death Benefit Liabilities	For the Years Ended December 31, 2022 2021 2020 Balance as of beginning-of-year $ 132 $ 121 $ 117 Changes in reserves 210 31 30 Benefits paid ( 58 ) ( 20 ) ( 26 ) Balance as of end-of-year $ 284 $ 132 $ 121
Account Balances Of Variable Annuity Contracts With Guarantees Invested In Separate Accounts	As of December 31, 2022 2021 Asset Type Domestic equity $ 58,640 $ 77,290 International equity 15,959 21,223 Fixed income 35,982 45,231 Total $ 110,581 $ 143,744

Liability For Unpaid Claims (Ta

Liability For Unpaid Claims (Tables)	12 Months Ended
	Dec. 31, 2022
Liability For Unpaid Claims [Abstract]
Changes In Liability For Unpaid Claims	For the Years Ended December 31, 2022 2021 2020 Balance as of beginning-of-year $ 6,280 $ 5,934 $ 5,552 Reinsurance recoverable 147 151 152 Net balance as of beginning-of-year 6,133 5,783 5,400 Incurred related to: Current year 3,875 4,026 3,517 Prior years: Interest 159 141 148 All other incurred (1) ( 190 ) ( 271 ) ( 209 ) Total incurred 3,844 3,896 3,456 Paid related to: Current year ( 1,951 ) ( 2,074 ) ( 1,707 ) Prior years ( 1,638 ) ( 1,472 ) ( 1,366 ) Total paid ( 3,589 ) ( 3,546 ) ( 3,073 ) Net balance as of end-of-year 6,388 6,133 5,783 Reinsurance recoverable 143 147 151 Balance as of end-of-year $ 6,531 $ 6,280 $ 5,934 (1) All other incurred is primarily impacted by the level of claim resolutions in the period compared to that which is expected by the reserve assumption. A negative number implies a favorable result where claim resolutions were more favorable than assumed. Our claim resolution rate assumption used in determining reserves is our expectation of the resolution rate we will experience over the long-term life of the block of claims. It will vary from actual experience in any one period, both favorably and unfavorably.

Short-Term and Long-Term Debt (

Short-Term and Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2022
Short-Term and Long-Term Debt [Abstract]
Schedule Of Changes In Debt	As of December 31, 2022 2021 Short-Term Debt Current maturities of long-term debt $ 500 $ 300 Total short-term debt $ 500 $ 300 Long-Term Debt, Excluding Current Portion Senior notes: 4.00 % notes, due 2023 (1) $ - $ 500 3.35 % notes, due 2025 (1) 300 300 3.625 % notes, due 2026 (1) 400 400 3.80 % notes, due 2028 (1) 500 500 3.05 % notes, due 2030 (1) 500 500 3.40 % notes, due 2031 (1) 500 500 3.40 % notes, due 2032 (1) 300 - 6.15 % notes, due 2036 (1) 243 243 6.30 % notes, due 2037 (1)(2) 375 375 7.00 % notes, due 2040 (1)(2) 500 500 4.35 % notes, due 2048 (1) 450 450 4.375 % notes, due 2050 (1) 300 300 Total senior notes 4,368 4,568 Term loan due 2024 (3) 250 250 Subordinated notes: LIBOR + 236 bps, due 2066 (4) 562 562 LIBOR + 204 bps, due 2067 (4) 433 433 Total subordinated notes 995 995 Capital securities: LIBOR + 236 bps, due 2066 (4) 160 160 LIBOR + 204 bps, due 2067 (4) 58 58 Total capital securities 218 218 Unamortized premiums (discounts) ( 6 ) ( 6 ) Unamortized debt issuance costs ( 34 ) ( 35 ) Unamortized adjustments from discontinued hedges 341 356 Fair value hedge on interest rate swap agreements ( 177 ) ( 21 ) Total long-term debt $ 5,955 $ 6,325 (1) We have the option to repurchase the outstanding notes by paying the greater of 100 % of the principal amount of the notes to be redeemed or the make-whole amount (as defined in each note agreement), plus in each case any accrued and unpaid interest as of the date of redemption. (2) Categorized as operating debt for leverage ratio calculations as the proceeds were primarily used as a long-term structured solution to reduce the strain on increasing statutory reserves associated with secondary guarantee UL and term policies. (3) The term loan bears interest at LIBOR plus an applicable margin. The applicable margin changed from 87.5 basis points to 112.5 basis points on November 3, 2022. (4) To hedge the variability in rates, we purchased interest rate swaps to lock in a fixed rate of approximately 5 % over the remaining terms of the subordinated notes and capital securities .
Schedule Of Extinguishment Of Debt	For the Years Ended December 31, 2022 2021 2020 Principal balance outstanding prior to modification or payoff (1) $ - $ 995 $ 796 Unamortized debt issuance costs and discounts - - ( 2 ) Amount exchanged or paid to modify or retire debt - ( 1,003 ) ( 809 ) Gain (loss) on modification or early extinguishment of debt, pre-tax $ - $ ( 8 ) $ ( 15 ) (1) During 2021, we completed the exchange of a portion of our outstanding capital securities for newly issued subordinated notes. In connection with the exchange offer, we solicited and received the requisite number of consents to amend the indentures governing the remaining outstanding capital securities to eliminate various terms and conditions and other provisions, including the covenant that required us to make interest payments in accordance with an alternative coupon satisfaction mechanism upon the occurrence of certain trigger events. During 2020, we redeemed our $ 296 million outstanding principal amount of 4.85 % senior notes due 2021 and repaid our $ 500 million LIBOR + 150 bps term loan due 2022.
Future Principal Payments	2023 $ 500 2024 250 2025 300 2026 400 2027 - Thereafter 4,881 Total $ 6,331
Credit facilities and letters of credit	As of December 31, 2022 Expiration Maximum LOCs Date Available Issued Credit Facilities Five-year revolving credit facility June 19, 2026 $ 2,500 $ 1,641 LOC facility (1) August 26, 2031 979 948 LOC facility (1) October 1, 2031 891 891 Total $ 4,370 $ 3,480 (1) Our wholly-owned subsidiaries entered into irrevocable LOC facility agreements with third-party lenders supporting inter-company reinsurance agreements.

Contingencies and Commitments (

Contingencies and Commitments (Tables)	12 Months Ended
	Dec. 31, 2022
Contingencies And Commitments [Abstract]
Finance Lease Expense	For the Years Ended December 31, 2022 2021 2020 Amortization of finance lease assets (1) $ 23 $ 38 $ 53 Interest on finance lease liabilities (2) 4 3 6 Total $ 27 $ 41 $ 59 (1) Amortization of finance lease assets is reported in commissions and other expenses on the Consolidated Statements of Comprehensive Income (Loss). (2) Interest on finance lease liabilities is reported in interest and debt expense on the Consolidated Statements of Comprehensive Income (Loss).
Cash Flow Information Related To Leases	For the Years Ended December 31, 2022 2021 2020 Supplemental Cash Flow Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 47 $ 47 $ 54 Financing cash flows from finance leases 74 62 53 Supplemental Non-Cash Information ROU assets obtained in exchange for new lease obligations: Operating leases $ 23 $ 8 $ 10
Future Minimum Lease Payments	Operating Finance Leases Leases 2023 $ 44 $ 82 2024 42 18 2025 38 7 2026 34 4 2027 18 - Thereafter 15 - Total future minimum lease payments 191 111 Less: Amount representing interest 39 5 Present value of minimum lease payments $ 152 $ 106
Future Payments on Financing Arrangements	2023 $ 43 2024 95 2025 127 2026 175 2027 191 Thereafter - Total future minimum lease payments 631 Less: Amount representing interest 73 Present value of minimum lease payments $ 558

Shares and Stockholders' Equi_2

Shares and Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Shares and Stockholders' Equity [Abstract]
Changes In Common stock (Number Of Shares)	As of December 31, 2022 2021 Shares Authorized Shares Issued Shares Outstanding Shares Authorized Shares Issued Shares Outstanding 9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C 20,000 20,000 20,000 - - - 9.000% Non-Cumulative Preferred Stock, Series D 20,000 20,000 20,000 - - - Not designated 9,960,000 - - 10,000,000 - - Total preferred shares 10,000,000 40,000 40,000 10,000,000 - -
Reconciliation Of The Denominator Calculations Of Basic And Diluted EPS	For the Years Ended December 31, 2022 2021 2020 Weighted-average shares, as used in basic calculation 171,034,695 187,359,884 193,610,225 Shares to cover non-vested stock 968,005 1,357,245 687,240 Average stock options outstanding during the year 989,123 1,844,117 746,742 options (at average market price for the year) ( 783,232 ) ( 1,419,165 ) ( 576,582 ) Shares repurchasable from measured but unrecognized stock option expense ( 21,006 ) ( 43,314 ) ( 2,445 ) Average deferred compensation shares 512,570 - - Weighted-average shares, as used in diluted calculation (1) 172,700,155 189,098,767 194,465,180
Components And Changes In Accumulated OCI	As Restated For the For the For the Year Ended Year Ended Year Ended December 31, December 31, December 31, 2022 2021 2020 Unrealized Gain (Loss) on Fixed Maturity AFS Securities and Certain Other Investments Balance as of beginning-of-year $ 6,777 $ 9,611 $ 5,983 Cumulative effect from adoption of new accounting standards - - 45 Unrealized holding gains (losses) arising during the year ( 25,552 ) ( 4,669 ) 7,925 Change in foreign currency exchange rate adjustment ( 322 ) ( 145 ) 180 Change in DAC, VOBA, DSI, future contract benefits and other contract holder funds 7,369 1,815 ( 3,569 ) Income tax benefit (expense) 3,955 641 ( 970 ) Less: Reclassification adjustment for gains (losses) included in net income (loss) ( 15 ) 626 ( 53 ) Associated amortization of DAC, VOBA, DSI and DFEL ( 12 ) ( 24 ) 32 Income tax benefit (expense) 6 ( 126 ) 4 Balance as of end-of-year $ ( 7,752 ) $ 6,777 $ 9,611 Unrealized OTTI on Fixed Maturity AFS Securities Balance as of beginning-of-year $ - $ - $ 45 (Increases) attributable to: Cumulative effect from adoption of new accounting standards - - ( 45 ) Balance as of end-of-year $ - $ - $ - Unrealized Gain (Loss) on Derivative Instruments Balance as of beginning-of-year $ ( 103 ) $ ( 402 ) $ ( 11 ) Unrealized holding gains (losses) arising during the year 378 246 ( 257 ) Change in foreign currency exchange rate adjustment 312 152 ( 174 ) Change in DAC, VOBA, DSI and DFEL 27 8 ( 17 ) Income tax benefit (expense) ( 150 ) ( 87 ) 94 Less: Reclassification adjustment for gains (losses) included in net income (loss) 92 26 48 Associated amortization of DAC, VOBA, DSI and DFEL ( 6 ) ( 1 ) ( 1 ) Income tax benefit (expense) ( 18 ) ( 5 ) ( 10 ) Balance as of end-of-year $ 396 $ ( 103 ) $ ( 402 ) Foreign Currency Translation Adjustment Balance as of beginning-of-year $ ( 14 ) $ ( 12 ) $ ( 17 ) Foreign currency translation adjustment arising during the year ( 20 ) ( 2 ) 5 Balance as of end-of-year $ ( 34 ) $ ( 14 ) $ ( 12 ) Funded Status of Employee Benefit Plans Balance as of beginning-of-year $ ( 219 ) $ ( 266 ) $ ( 327 ) Adjustment arising during the year ( 74 ) 56 74 Income tax benefit (expense) 15 ( 9 ) ( 13 ) Balance as of end-of-year $ ( 278 ) $ ( 219 ) $ ( 266 )
Schedule of Reclassifications Out Of AOCI	As Restated For the For the For the Year Ended Year Ended Year Ended December 31, December 31, December 31, 2022 2021 2020 Unrealized Gain (Loss) on Fixed Maturity AFS Securities and Certain Other Investments Gross reclassification $ ( 15 ) $ 626 $ ( 53 ) Realized gain (loss) Associated amortization of DAC, VOBA, DSI and DFEL ( 12 ) ( 24 ) 32 Realized gain (loss) Reclassification before income tax benefit (expense) ( 27 ) 602 ( 21 ) Income (loss) before taxes Income tax benefit (expense) 6 ( 126 ) 4 Federal income tax expense (benefit) Reclassification, net of income tax $ ( 21 ) $ 476 $ ( 17 ) Net income (loss) Unrealized Gain (Loss) on Derivative Instruments Gross reclassifications: Interest rate contracts $ 2 $ 3 $ 2 Net investment income Interest rate contracts ( 11 ) ( 23 ) ( 16 ) Interest and debt expense Foreign currency contracts 62 48 56 Net investment income Foreign currency contracts 39 ( 2 ) 6 Realized gain (loss) Total gross reclassifications 92 26 48 Associated amortization of DAC, Commissions and other VOBA, DSI and DFEL ( 6 ) ( 1 ) ( 1 ) expenses Reclassifications before income tax benefit (expense) 86 25 47 Income (loss) before taxes Income tax benefit (expense) ( 18 ) ( 5 ) ( 10 ) Federal income tax expense (benefit) Reclassifications, net of income tax $ 68 $ 20 $ 37 Net income (loss)

Realized Gain (Loss) (Tables)

Realized Gain (Loss) (Tables)	12 Months Ended
	Dec. 31, 2022
Realized Gain (Loss) [Abstract]
Schedule Of Realized Gain (Loss)	As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Fixed maturity AFS securities: Gross gains $ 38 $ 663 $ 31 Gross losses ( 53 ) ( 37 ) ( 84 ) Credit loss benefit (expense) (1) ( 15 ) ( 11 ) ( 26 ) Realized gain (loss) on equity securities (2) 15 44 8 Credit loss benefit (expense) on mortgage loans on real estate ( 3 ) 112 ( 117 ) Credit loss benefit (expense) on reinsurance-related assets (3) ( 126 ) 2 - Realized gain (loss) on the mark-to-market on certain instruments (4)(5) 37 63 26 Other gain (loss) on investments ( 35 ) - ( 7 ) Associated amortization of DAC, VOBA, DSI and DFEL and changes in other contract holder funds ( 18 ) ( 25 ) 31 Total realized gain (loss) related to financial instruments and reinsurance-related assets ( 160 ) 811 ( 138 ) Indexed annuity and IUL contracts net derivative results: (6) Gross gain (loss) 74 22 37 Associated amortization of DAC, VOBA, DSI and DFEL ( 56 ) 4 ( 25 ) Variable annuity net derivative results: (7) Gross gain (loss) 526 ( 513 ) ( 367 ) Associated amortization of DAC, VOBA, DSI and DFEL ( 39 ) 90 ( 20 ) Total realized gain (loss) $ 345 $ 414 $ ( 513 ) (1) Includes changes in the allowance for credit losses as well as direct write-downs to amortized cost as a result of negative credit events. (2) Includes mark-to-market adjustments on equity securities still held of $ 10 million, $ 47 million (as restated) and $ 8 million for the years ended December 31, 2022, 2021 and 2020, respectively. (3) See Note 8 for information on credit losses on reinsurance-related assets. (4) Represents changes in the fair values of certain derivative investments (not including those associated with our variable and indexed annuity and IUL contracts net derivative results), reinsurance-related embedded derivatives, mortgage loans on real estate accounted for under the fair value option and trading securities. See Notes 1 and 8 for information regarding modified coinsurance . (5) Includes gains and losses from fair value changes on mortgage loans on real estate accounted for under the fair value option of $( 24 ) million, $ 3 million and $( 24 ) million for the years ended December 31, 2022, 2021 and 2020, respectively. (6) Represents the net difference between the change in fair value of the index options that we hold and the change in the fair value of the embedded derivative liabilities of our indexed annuity and IUL contracts along with changes in the fair value of embedded derivative liabilities related to index options we may purchase or sell in the future to hedge contract holder index allocations applicable to future reset periods for our indexed annuity products. (7) Includes the net difference in the change in embedded derivative reserves of our GLB riders and the change in the fair value of the derivative instruments we own to hedge the change in embedded derivative reserves on our GLB riders and the benefit ratio unlocking on our GLB and GDB riders, including the cost of purchasing the hedging instruments.

Commissions and Other Expenses

Commissions and Other Expenses (Tables)	12 Months Ended
	Dec. 31, 2022
Commissions And Other Expenses [Abstract]
Details underlying commissions and other expenses	As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Commissions $ 2,190 $ 2,223 $ 2,183 General and administrative expenses 2,241 2,251 2,072 Expenses associated with reserve financing and LOCs 108 102 94 DAC and VOBA deferrals and interest, net of amortization ( 358 ) 258 ( 156 ) Broker-dealer expenses 536 570 493 Specifically identifiable intangible asset amortization 37 37 37 Taxes, licenses and fees 342 339 321 Transaction and integration costs related to mergers, acquisitions and divestitures - 14 20 Total $ 5,096 $ 5,794 $ 5,064

Retirement and Deferred Compe_2

Retirement and Deferred Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Retirement and Deferred Compensation Plans [Abstract]
Benefit Plans' Assets and Obligations	As of or For the Years Ended December 31, 2022 2021 2022 2021 Other Postretirement Pension Plans Benefit Plans Fair value of plan assets $ 1,126 $ 1,667 $ 71 $ 67 Projected benefit obligation 1,126 1,595 44 79 Funded status $ - $ 72 $ 27 $ ( 12 ) Amounts Recognized on the Consolidated Balance Sheets Other assets $ 91 $ 182 $ 27 $ - Other liabilities ( 91 ) ( 110 ) - ( 12 ) Net amount recognized $ - $ 72 $ 27 $ ( 12 ) Weighted-Average Assumptions Benefit obligations: Weighted-average discount rate 5.49 % 2.76 % 5.70 % 3.10 % Net periodic benefit cost: Weighted-average discount rate 2.81 % 2.61 % 3.73 % 2.96 % Expected return on plan assets 5.67 % 6.13 % 6.50 % 6.50 %
Fair Value Of Benefit Plan Assets	As of December 31, 2022 2021 Fixed maturity securities: Corporate bonds $ 292 $ 452 U.S. government bonds 196 228 Foreign government bonds 128 191 State and municipal bonds 22 28 Limited partnerships and common and preferred stock 353 527 Bulk annuity insurance policy 89 150 Cash and invested cash 46 91 Other investments 71 67 Total $ 1,197 $ 1,734
Deferred Compensation Plans Liabilities And Investments	As of December 31, 2022 2021 Total liabilities (1) $ 686 $ 841 Investments dedicated to fund liabilities (2) 206 254 (1) Reported in other liabilities on the Consolidated Balance Sheets. (2) Reported in other assets on the Consolidated Balance Sheets.

Stock-Based Incentive Compens_2

Stock-Based Incentive Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Stock-Based Incentive Compensation Plans [Abstract]
Compensation Expense By Award Type	For the Years Ended December 31, 2022 2021 2020 Stock options $ 6 $ 8 $ 10 Performance shares 10 18 5 RSUs 35 35 36 Total $ 51 $ 61 $ 51 Recognized tax benefit $ 11 $ 13 $ 11
Total unrecognized compensation expense for all stock-based incentive compensation plans	For the Years Ended December 31, 2022 2021 2020 Weighted- Weighted- Weighted- Average Average Average Expense Period Expense Period Expense Period Stock options $ 11 0.8 $ 8 0.7 $ 8 0.7 Performance shares 19 1.2 14 1.2 14 1.3 RSUs 55 1.4 43 1.4 37 1.2 Total unrecognized stock-based incentive compensation expense $ 85 $ 65 $ 59
Option price assumptions used for stock option incentive plans	For the Years Ended December 31, 2022 2021 2020 Weighted-average fair value per option granted $ 18.13 $ 17.26 $ 12.25 Weighted-average assumptions: Dividend yield 3.2 % 3.0 % 3.0 % Expected volatility 44.4 % 45.0 % 30.1 % Risk-free interest rate (1) 1.9 - 3.8 % 0.6 - 1.0 % 0.3 - 1.4 % Expected life (in years) 5.8 5.8 5.8 (1) Risk-free interest rate expressed as a range and not a weighted average.
Summary of activity for stock options with service conditions	Weighted- Weighted- Average Average Remaining Aggregate Exercise Contractual Intrinsic Shares Price Term Value Outstanding as of December 31, 2021 3,011,536 $ 59.23 Granted 593,609 55.10 Exercised ( 38,374 ) 54.76 Forfeited or expired ( 170,232 ) 63.19 Outstanding as of December 31, 2022 3,396,539 $ 58.36 6.09 $ - Vested or expected to vest as of December 31, 2022 (1) 3,238,301 $ 58.49 5.97 $ - Exercisable as of December 31, 2022 2,476,028 $ 59.47 5.05 $ - (1) Includes estimated forfeitures.
Summary of activity for stock options with performance conditions	Weighted- Weighted- Average Average Remaining Aggregate Exercise Contractual Intrinsic Shares Price Term Value Outstanding as of December 31, 2021 166,278 $ 58.88 Granted 33,435 60.58 Exercised ( 29,931 ) 63.59 Forfeited or expired ( 48,385 ) 60.49 Outstanding as of December 31, 2022 121,397 $ 57.55 2.36 $ - Vested or expected to vest as of December 31, 2022 (1) 114,310 $ 57.34 2.26 $ - Exercisable as of December 31, 2022 97,773 $ 56.72 1.99 $ - (1)
Summary of activity for performance shares	Weighted- Average Grant-Date Shares Fair Value Outstanding as of December 31, 2021 (1) 630,670 $ 63.16 Granted 374,128 69.37 Vested ( 185,194 ) 66.89 Forfeited ( 72,756 ) 69.97 Performance adjustment (2) 20,580 66.89 Outstanding as of December 31, 2022 (1) 767,428 $ 64.61 (1) Represents target award amounts. (2) Represents the difference between the target shares granted and the actual shares vested based upon the achievement level of performance measures.

Statutory Information and Res_2

Statutory Information and Restrictions (Tables)	12 Months Ended
	Dec. 31, 2022
Statutory Information and Restrictions [Abstract]
Statutory Capital and Surplus	As of December 31, 2022 2021 U.S. capital and surplus $ 8,624 $ 8,773 For the Years Ended December 31, 2022 2021 2020 U.S. net gain (loss) from operations, after-tax $ 1,730 $ ( 1,262 ) $ ( 271 ) U.S. net income (loss) 1,991 ( 547 ) 29 U.S. dividends to LNC holding company 667 1,955 660
Effects on statutory surplus compared to NAIC statutory surplus	As of December 31, 2022 2021 State Prescribed Practices Calculation of reserves using the Indiana universal life method $ 3 $ 6 Conservative valuation rate on certain annuities ( 36 ) ( 40 ) Calculation of reserves using continuous CARVM ( 1 ) - Conservative Reg 213 reserves on variable annuity and individual life contracts ( 37 ) ( 27 ) State Permitted Practice Derivative instruments and equity indexed reserves 14 ( 113 ) Assets in group fixed annuity contracts held at general account values 436 - Vermont Subsidiaries Permitted Practices Lesser of LOC and XXX additional reserve as surplus 1,838 1,847 LLC notes and variable value surplus notes 1,547 1,616 Excess of loss reinsurance agreements 549 493

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value of Financial Instruments [Abstract]
Carrying And Estimated Fair Values Of Financial Instruments	As Restated As of December 31, 2022 As of December 31, 2021 Carrying Fair Carrying Fair Value Value Value Value Assets Fixed maturity AFS securities $ 99,736 $ 99,736 $ 118,711 $ 118,711 Trading securities 3,498 3,498 4,460 4,460 Equity securities 427 427 375 375 Mortgage loans on real estate 18,301 16,553 17,991 18,700 Derivative investments 3,594 3,594 5,697 5,697 Other investments 3,739 3,739 4,279 4,279 Cash and invested cash 3,343 3,343 2,612 2,612 Other assets: GLB direct embedded derivatives 1,697 1,697 1,967 1,967 GLB ceded embedded derivatives 29 29 56 56 Reinsurance-related embedded derivatives 416 416 - - Indexed annuity ceded embedded derivatives 525 525 528 528 Separate account assets 143,536 143,536 182,583 182,583 Liabilities Future contract benefits – indexed annuity and IUL contracts embedded derivatives ( 4,783 ) ( 4,783 ) ( 6,131 ) ( 6,131 ) Other contract holder funds: Remaining guaranteed interest and similar contracts ( 1,686 ) ( 1,686 ) ( 1,788 ) ( 1,788 ) Account values of certain investment contracts ( 43,573 ) ( 34,268 ) ( 41,194 ) ( 47,862 ) Short-term debt ( 500 ) ( 496 ) ( 300 ) ( 302 ) Long-term debt ( 5,955 ) ( 5,005 ) ( 6,325 ) ( 6,707 ) Other liabilities: Reinsurance-related embedded derivatives - - ( 206 ) ( 206 ) Derivative liabilities ( 210 ) ( 210 ) ( 709 ) ( 709 ) GLB ceded embedded derivatives ( 167 ) ( 167 ) ( 182 ) ( 182 )
Schedule of Mortgage Loans With Election Of Fair Value Option	As of December 31, 2022 2021 Fair value $ 487 $ 739 Aggregate contractual principal 514 742
Fair Value Of Assets And Liabilities On A Recurring Basis	As Restated As of December 31, 2022 Quoted Prices in Active Markets for Significant Significant Identical Observable Unobservable Total Assets Inputs Inputs Fair (Level 1) (Level 2) (Level 3) Value Assets Investments: Fixed maturity AFS securities: Corporate bonds $ - $ 76,728 $ 2,295 $ 79,023 U.S. government bonds 359 20 - 379 State and municipal bonds - 5,035 35 5,070 Foreign government bonds - 318 - 318 RMBS - 2,008 1 2,009 CMBS - 1,674 - 1,674 ABS - 9,787 1,117 10,904 Hybrid and redeemable preferred securities 41 269 49 359 Trading securities - 2,917 581 3,498 Equity securities - 274 153 427 Mortgage loans on real estate - - 487 487 Derivative investments (1) - 6,048 605 6,653 Other investments – short-term investments - 75 - 75 Cash and invested cash - 3,343 - 3,343 Other assets: GLB direct embedded derivatives - - 1,697 1,697 GLB ceded embedded derivatives - - 29 29 Reinsurance-related embedded derivatives - 416 - 416 Indexed annuity ceded embedded derivatives - - 525 525 Separate account assets 412 143,124 - 143,536 Total assets $ 812 $ 252,036 $ 7,574 $ 260,422 Liabilities Future contract benefits – indexed annuity and IUL contracts embedded derivatives $ - $ - $ ( 4,783 ) $ ( 4,783 ) Other liabilities: Derivative liabilities (1) - ( 2,666 ) ( 603 ) ( 3,269 ) GLB ceded embedded derivatives - - ( 167 ) ( 167 ) Total liabilities $ - $ ( 2,666 ) $ ( 5,553 ) $ ( 8,219 ) As Restated As of December 31, 2021 Quoted Prices in Active Markets for Significant Significant Identical Observable Unobservable Total Assets Inputs Inputs Fair (Level 1) (Level 2) (Level 3) Value Assets Investments: Fixed maturity AFS securities: Corporate bonds $ - $ 92,400 $ 5,720 $ 98,120 U.S. government bonds 428 5 - 433 State and municipal bonds - 6,621 - 6,621 Foreign government bonds - 391 41 432 RMBS - 2,521 4 2,525 CMBS - 1,599 - 1,599 ABS - 7,642 870 8,512 Hybrid and redeemable preferred securities 54 322 93 469 Trading securities 32 3,600 828 4,460 Equity securities 7 273 95 375 Mortgage loans on real estate - - 739 739 Derivative investments (1) - 9,626 149 9,775 Other investments – short-term investments - 154 - 154 Cash and invested cash - 2,612 - 2,612 Other assets: GLB direct embedded derivatives - - 1,967 1,967 GLB ceded embedded derivatives - - 56 56 Indexed annuity ceded embedded derivatives - - 528 528 Separate account assets 646 181,929 - 182,575 Total assets $ 1,167 $ 309,695 $ 11,090 $ 321,952 Liabilities Future contract benefits – indexed annuity and IUL contracts embedded derivatives $ - $ - $ ( 6,131 ) $ ( 6,131 ) Other liabilities: Reinsurance-related embedded derivatives - ( 206 ) - ( 206 ) Derivative liabilities (1) - ( 4,659 ) ( 128 ) ( 4,787 ) GLB ceded embedded derivatives - - ( 182 ) ( 182 ) Total liabilities $ - $ ( 4,865 ) $ ( 6,441 ) $ ( 11,306 ) (1) Derivative investment assets and liabilities are presented within the fair value hierarchy on a gross basis by derivative type and not on a master netting basis by counterparty.
Fair Value Measured On A Recurring Basis Reconciliation	As Restated For the Year Ended December 31, 2022 Gains Issuances, Transfers Items (Losses) Sales, Into or Included in Maturities, Out Beginning in OCI Settlements, of Ending Fair Net and Calls, Level 3, Fair Value Income Other (1) Net Net Value Investments: (2) Fixed maturity AFS securities: Corporate bonds $ 5,720 $ 1 $ ( 1,550 ) $ 796 $ ( 2,672 ) $ 2,295 State and municipal bonds - - ( 1 ) - 36 35 Foreign government bonds 41 - ( 6 ) ( 30 ) ( 5 ) - RMBS 4 - 1 21 ( 25 ) 1 CMBS - - - 17 ( 17 ) - ABS 870 - ( 113 ) 676 ( 316 ) 1,117 Hybrid and redeemable preferred securities 93 ( 6 ) ( 22 ) ( 12 ) ( 4 ) 49 Trading securities 828 ( 80 ) - ( 152 ) ( 15 ) 581 Equity securities 95 54 - 19 ( 15 ) 153 Mortgage loans on real estate 739 ( 20 ) ( 5 ) ( 227 ) - 487 Derivative investments 21 2 ( 6 ) - ( 15 ) 2 Other assets: (3) GLB direct embedded derivatives 1,967 ( 270 ) - - - 1,697 GLB ceded embedded derivatives 56 ( 27 ) - - - 29 Indexed annuity ceded embedded derivatives 528 ( 215 ) - 212 - 525 Future contract benefits – indexed annuity and IUL contracts embedded derivatives (3) ( 6,131 ) 1,975 - ( 627 ) - ( 4,783 ) Other liabilities – GLB ceded embedded derivatives (3) ( 182 ) 15 - - - ( 167 ) Total, net $ 4,649 $ 1,429 $ ( 1,702 ) $ 693 $ ( 3,048 ) $ 2,021 As Restated For the Year Ended December 31, 2021 Gains Issuances, Transfers Items (Losses) Sales, Into or Included in Maturities, Out Beginning in OCI Settlements, of Ending Fair Net and Calls, Level 3, Fair Value Income Other (1) Net Net Value Investments: (2) Fixed maturity AFS securities: Corporate bonds $ 5,121 $ 4 $ ( 182 ) $ 748 $ 29 $ 5,720 U.S. government bonds 5 - - ( 5 ) - - Foreign government bonds 74 - ( 11 ) 80 ( 102 ) 41 RMBS 2 ( 1 ) - 3 - 4 CMBS - - - 8 ( 8 ) - ABS 570 1 ( 9 ) 602 ( 294 ) 870 Hybrid and redeemable preferred securities 104 - 27 ( 38 ) - 93 Trading securities 644 ( 3 ) - 210 ( 23 ) 828 Equity securities 59 39 - ( 3 ) - 95 Mortgage loans on real estate 832 11 5 ( 109 ) - 739 Derivative investments 1,542 1,255 ( 3 ) ( 139 ) ( 2,634 ) 21 Other assets: (3) GLB direct embedded derivatives 450 1,517 - - - 1,967 GLB ceded embedded derivatives 82 ( 26 ) - - - 56 Indexed annuity ceded embedded derivatives 550 87 - ( 109 ) - 528 Future contract benefits – indexed annuity and IUL contracts embedded derivatives (3) ( 3,594 ) ( 2,709 ) - 172 - ( 6,131 ) Other liabilities – GLB ceded embedded derivatives (3) - ( 182 ) - - - ( 182 ) Total, net $ 6,441 $ ( 7 ) $ ( 173 ) $ 1,420 $ ( 3,032 ) $ 4,649 For the Year Ended December 31, 2020 Gains Issuances, Transfers Items (Losses) Sales, Into or Included in Maturities, Out Beginning in OCI Settlements, of Ending Fair Net and Calls, Level 3, Fair Value Income Other (1) Net Net Value Investments: (2) Fixed maturity AFS securities: Corporate bonds $ 4,281 $ ( 8 ) $ 284 $ 464 $ 100 $ 5,121 U.S. government bonds 5 - - - - 5 Foreign government bonds 90 1 3 ( 20 ) - 74 RMBS 11 - - - ( 9 ) 2 CMBS 1 ( 1 ) - - - - ABS 268 - 7 496 ( 201 ) 570 Hybrid and redeemable preferred securities 78 - ( 2 ) 10 18 104 Trading securities 666 11 - ( 32 ) ( 1 ) 644 Equity securities 30 4 - 20 5 59 Mortgage loans on real estate - ( 1 ) ( 10 ) 56 787 832 Derivative investments 868 986 267 ( 363 ) ( 216 ) 1,542 Other assets: (3) GLB direct embedded derivatives 450 - - - - 450 GLB ceded embedded derivatives 60 22 - - - 82 Indexed annuity ceded embedded derivatives 927 538 - ( 915 ) - 550 Future contract benefits – indexed annuity and IUL contracts embedded derivatives (3) ( 2,585 ) ( 1,009 ) - - - ( 3,594 ) Other liabilities – GLB ceded embedded derivatives (3) ( 9 ) 9 - - - - Total, net $ 5,141 $ 552 $ 549 $ ( 284 ) $ 483 $ 6,441 (1) The changes in fair value of the interest rate swaps are offset by an adjustment to derivative investments (see Note 5). (2) Amortization and accretion of premiums and discounts are included in net investment income on the Consolidated Statements of Comprehensive Income (Loss). Gains (losses) from sales, maturities, settlements and calls and credit loss expense are included in realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss). (3) Gains (losses) from the changes in fair value are included in realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss).
Schedule Of Investment Holdings Movements	For the Year Ended December 31, 2022 Issuances Sales Maturities Settlements Calls Total Investments: Fixed maturity AFS securities: Corporate bonds $ 1,263 $ ( 100 ) $ ( 82 ) $ ( 235 ) $ ( 50 ) $ 796 Foreign government bonds - - ( 30 ) - - ( 30 ) RMBS 21 - - - - 21 CMBS 17 - - - - 17 ABS 918 - - ( 235 ) ( 7 ) 676 Hybrid and redeemable preferred securities - - - - ( 12 ) ( 12 ) Trading securities 287 ( 229 ) - ( 210 ) - ( 152 ) Equity securities 28 ( 9 ) - - - 19 Mortgage loans on real estate 15 - - ( 242 ) - ( 227 ) Other assets – indexed annuity ceded embedded derivatives 124 - - 88 - 212 Future contract benefits – indexed annuity and IUL contracts embedded derivatives ( 710 ) - - 83 - ( 627 ) Total, net $ 1,963 $ ( 338 ) $ ( 112 ) $ ( 751 ) $ ( 69 ) $ 693 For the Year Ended December 31, 2021 Issuances Sales Maturities Settlements Calls Total Investments: Fixed maturity AFS securities: Corporate bonds $ 1,408 $ ( 33 ) $ ( 109 ) $ ( 488 ) $ ( 30 ) $ 748 U.S. government bonds - - ( 5 ) - - ( 5 ) Foreign government bonds 80 - - - - 80 RMBS 3 - - - - 3 CMBS 8 - - - - 8 ABS 835 - - ( 233 ) - 602 Hybrid and redeemable preferred securities 12 ( 20 ) - - ( 30 ) ( 38 ) Trading securities 383 ( 24 ) - ( 149 ) - 210 Equity securities 7 ( 10 ) - - - ( 3 ) Mortgage loans on real estate 96 ( 101 ) ( 26 ) ( 78 ) - ( 109 ) Derivative investments 174 ( 124 ) ( 189 ) - - ( 139 ) Other assets – indexed annuity ceded embedded derivatives 55 - - ( 164 ) - ( 109 ) Future contract benefits – indexed annuity and IUL contracts embedded derivatives ( 400 ) - - 572 - 172 Total, net $ 2,661 $ ( 312 ) $ ( 329 ) $ ( 540 ) $ ( 60 ) $ 1,420 For the Year Ended December 31, 2020 Issuances Sales Maturities Settlements Calls Total Investments: Fixed maturity AFS securities: Corporate bonds $ 1,126 $ ( 250 ) $ ( 43 ) $ ( 237 ) $ ( 132 ) $ 464 Foreign government bonds - - ( 20 ) - - ( 20 ) ABS 572 - - ( 76 ) - 496 Hybrid and redeemable preferred securities 14 ( 4 ) - - - 10 Trading securities 300 ( 126 ) ( 40 ) ( 166 ) - ( 32 ) Equity securities 22 ( 2 ) - - - 20 Mortgage loans on real estate 71 ( 15 ) - - - 56 Derivative investments 520 ( 412 ) ( 471 ) - - ( 363 ) Other assets – indexed annuity ceded embedded derivatives 25 - - ( 940 ) - ( 915 ) Future contract benefits – indexed annuity and IUL contracts embedded derivatives ( 284 ) - - 284 - - Total, net $ 2,366 $ ( 809 ) $ ( 574 ) $ ( 1,135 ) $ ( 132 ) $ ( 284 )
Changes In Unrealized Gains (Losses) Within Level 3 Financial Instruments Carried At Fair Value And Still Held	As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Trading securities $ ( 81 ) $ 4 $ - Equity securities 56 43 - Mortgage loans on real estate ( 20 ) 12 - Derivative investments 2 1,051 536 GLB embedded derivatives 517 2,330 671 Embedded derivatives – indexed annuity and IUL contracts ( 95 ) 44 634 Total, net (1) $ 379 $ 3,484 $ 1,841 (1) Included in realized gain (loss) on the Consolidated Statements of Comprehensive Income (Loss).
Changes in Unrealized Gains (Losses) Included in OCI	For the Years Ended December 31, 2022 2021 2020 Fixed maturity AFS securities: Corporate bonds $ ( 1,562 ) $ ( 183 ) $ 58 State and municipal bonds ( 1 ) - - Foreign government bonds ( 7 ) ( 10 ) 4 ABS ( 116 ) ( 9 ) 5 Hybrid and redeemable preferred securities ( 22 ) 27 ( 3 ) Mortgage loans on real estate ( 5 ) 4 - Total, net $ ( 1,713 ) $ ( 171 ) $ 64
Components Of The Transfers In And Out Of Level 3	For the Year Ended December 31, 2022 Transfers Transfers Into Out of Level 3 Level 3 Total Investments: Fixed maturity AFS securities: Corporate bonds $ 296 $ ( 2,968 ) $ ( 2,672 ) State and municipal bonds 36 - 36 Foreign government bonds - ( 5 ) ( 5 ) RMBS - ( 25 ) ( 25 ) CMBS - ( 17 ) ( 17 ) ABS 16 ( 332 ) ( 316 ) Hybrid and redeemable preferred securities - ( 4 ) ( 4 ) Trading securities 4 ( 19 ) ( 15 ) Equity securities - ( 15 ) ( 15 ) Derivative investments - ( 15 ) ( 15 ) Total, net $ 352 $ ( 3,400 ) $ ( 3,048 ) For the Year Ended December 31, 2021 Transfers Transfers Into Out of Level 3 Level 3 Total Investments: Fixed maturity AFS securities: Corporate bonds $ 163 $ ( 134 ) $ 29 Foreign government bonds - ( 102 ) ( 102 ) CMBS - ( 8 ) ( 8 ) ABS 36 ( 330 ) ( 294 ) Trading securities 14 ( 37 ) ( 23 ) Derivative investments 24 ( 2,658 ) ( 2,634 ) Total, net $ 237 $ ( 3,269 ) $ ( 3,032 ) For the Year Ended December 31, 2020 Transfers Transfers Into Out of Level 3 Level 3 Total Investments: Fixed maturity AFS securities: Corporate bonds $ 343 $ ( 243 ) $ 100 U.S. government bonds 5 ( 5 ) - RMBS 1 ( 10 ) ( 9 ) ABS 20 ( 221 ) ( 201 ) Hybrid and redeemable preferred securities 18 - 18 Trading securities 33 ( 34 ) ( 1 ) Equity securities 5 - 5 Mortgage loans on real estate 787 - 787 Derivative investments - ( 216 ) ( 216 ) Total, net $ 1,212 $ ( 729 ) $ 483
Fair Value Inputs Quantitative Information	Weighted Average Fair Valuation Significant Assumption or Input Value Technique Unobservable Inputs Input Ranges Range (1) Assets Investments: Fixed maturity AFS and trading securities: Corporate bonds $ 204 Discounted cash flow Liquidity/duration adjustment (2) ( 0.2 ) % - 4.2 % 2.1 % State and municipal bonds 35 Discounted cash flow Liquidity/duration adjustment (2) 1.2 % - 2.4 % 2.3 % ABS 15 Discounted cash flow Liquidity/duration adjustment (2) 1.4 % - 1.4 % 1.4 % Hybrid and redeemable preferred securities 3 Discounted cash flow Liquidity/duration adjustment (2) 1.5 % - 1.5 % 1.5 % Equity securities 4 Discounted cash flow Liquidity/duration adjustment (2) 4.5 % - 4.5 % 4.5 % Other assets: GLB direct and ceded embedded derivatives 1,726 Discounted cash flow Long-term lapse rate (3) 1 % - 30 % (10) Utilization of guaranteed withdrawals (4) 85 % - 100 % 94 % Claims utilization factor (5) 60 % - 100 % (10) Premiums utilization factor (5) 80 % - 115 % (10) NPR (6) 0.35 % - 2.41 % 1.73 % Mortality rate (7) (9) (10) Volatility (8) 1 % - 28 % 14.47 % Indexed annuity ceded embedded derivatives 525 Discounted cash flow Lapse rate (3) 0 % - 9 % (10) Mortality rate (7) (9) (10) Liabilities Future contract benefits – indexed annuity contracts embedded derivatives $ ( 4,845 ) Discounted cash flow Lapse rate (3) 0 % - 9 % (10) Mortality rate (7) (9) (10) Other liabilities – GLB ceded embedded derivatives ( 167 ) Discounted cash flow Long-term lapse rate (3) 1 % - 30 % (10) Utilization of guaranteed withdrawals (4) 85 % - 100 % 94 % Claims utilization factor (5) 60 % - 100 % (10) Premiums utilization factor (5) 80 % - 115 % (10) NPR (6) 0.35 % - 2.41 % 1.73 % Mortality rate (7) (9) (10) Volatility (8) 1 % - 28 % 14.47 % (1) Unobservable inputs were weighted by the relative fair value of the instruments, unless otherwise noted. (2) The liquidity/duration adjustment input represents an estimated market participant composite of adjustments attributable to liquidity premiums, expected durations, structures and credit quality that would be applied to the market observable information of an investment. (3) The lapse rate input represents the estimated probability of a contract surrendering during a year, and thereby forgoing any future benefits. The range for indexed annuity contracts represents the lapse rates during the surrender charge period. (4) The utilization of guaranteed withdrawals input represents the estimated percentage of contract holders that utilize the guaranteed withdrawal feature. (5) The utilization factors are applied to the present value of claims or premiums, as appropriate, in the GLB reserve calculation to estimate the impact of inefficient withdrawal behavior, including taking less than or more than the maximum guaranteed withdrawal. (6) The NPR input represents the estimated additional credit spread that market participants would apply to the market observable discount rate when pricing a contract. The NPR input was weighted by the absolute value of the sensitivity of the reserve to the NPR assumption. (7) The mortality rate input represents the estimated probability of when an individual belonging to a particular group, categorized according to age or some other factor such as gender, will die. (8) The volatility input represents overall volatilities assumed for the underlying variable annuity funds, which include a mixture of equity and fixed-income assets. Fair value of the variable annuity GLB embedded derivatives would increase if higher volatilities were used for valuation. Volatility assumptions vary by fund due to the benchmarking of different indices. The volatility input was weighted by the relative account value assigned to each index. (9) The mortality rate is based on a combination of company and industry experience, adjusted for improvement factors. (10) A weighted average input range is not a meaningful measurement for lapse rate, utilization factors or mortality rate.

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Information [Abstract]
Reconciliation Of Revenue From Segments To Consolidated	As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Revenues Operating revenues: Life Insurance $ 7,126 $ 8,145 $ 7,516 Annuities 4,776 5,001 4,455 Group Protection 5,304 4,995 4,793 Retirement Plan Services 1,274 1,323 1,213 Other Operations 158 181 185 Excluded realized gain (loss), pre-tax 144 214 ( 721 ) Amortization of DFEL associated with benefit ratio unlocking, pre-tax ( 16 ) 3 ( 2 ) Total revenues $ 18,766 $ 19,862 $ 17,439
Reconciliation Of Income (Loss) From Operations By Segment To Consolidated Net Income (Loss)	As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Net Income (Loss) Income (loss) from operations: Life Insurance $ ( 1,965 ) $ 525 $ ( 34 ) Annuities 1,246 1,282 983 Group Protection 102 ( 127 ) 43 Retirement Plan Services 210 235 168 Other Operations ( 496 ) ( 374 ) ( 295 ) Excluded realized gain (loss), after-tax 116 167 ( 570 ) Benefit ratio unlocking, after-tax ( 820 ) 196 194 Impairment of intangibles ( 634 ) - - Net impact from the Tax Cuts and Jobs Act - - 37 Transaction and integration costs related to mergers, acquisitions and divestitures, after-tax - ( 11 ) ( 15 ) Gain (loss) on modification or early extinguishment of debt, after-tax - ( 6 ) ( 12 ) Net income (loss) $ ( 2,241 ) $ 1,887 $ 499
Reconciliation of Net Investment Income From Segments to Consolidated	As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Net Investment Income Life Insurance $ 2,586 $ 3,207 $ 2,823 Annuities 1,463 1,400 1,272 Group Protection 334 365 330 Retirement Plan Services 976 991 933 Other Operations 156 148 152 Total net investment income $ 5,515 $ 6,111 $ 5,510
Reconciliation of DAC VOBA Amortization From Segments to Consolidated	As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Amortization of DAC and VOBA, Net of Interest Life Insurance $ 623 $ 1,030 $ 785 Annuities 400 439 387 Group Protection 106 107 114 Retirement Plan Services 18 32 29 Total amortization of DAC and VOBA, net of interest $ 1,147 $ 1,608 $ 1,315
Reconciliation of Federal Income Tax Expense (Benefit) from Segments to Consolidated Net Income (Loss)	As Restated For the For the Years Ended Year Ended December 31, December 31, 2022 2021 2020 Federal Income Tax Expense (Benefit) Life Insurance $ ( 552 ) $ 119 $ ( 33 ) Annuities 207 241 149 Group Protection 28 ( 34 ) 11 Retirement Plan Services 35 48 24 Other Operations ( 117 ) ( 106 ) ( 82 ) Excluded realized gain (loss) 28 48 ( 151 ) Gain (loss) on early extinguishment of debt - ( 2 ) ( 3 ) Benefit ratio unlocking ( 218 ) 52 51 Net impact from the Tax Cuts and Jobs Act - - ( 37 ) Transaction and integration costs related to mergers, acquisitions and divestitures - ( 4 ) ( 5 ) Total federal income tax expense (benefit) $ ( 589 ) $ 362 $ ( 76 )
Reconciliation Of Assets From Segments To Consolidated	As Restated As of December 31, 2022 2021 Assets Life Insurance $ 95,413 $ 105,251 Annuities 167,210 201,811 Group Protection 9,802 10,522 Retirement Plan Services 41,887 47,643 Other Operations 20,796 21,718 Total assets $ 335,108 $ 386,945

Supplemental Disclosures of C_2

Supplemental Disclosures of Cash Flow Data (Tables)	12 Months Ended
	Dec. 31, 2022
Supplemental Disclosures of Cash Flow Data [Abstract]
Summary of supplemental cash flow data	As Restated For the For the For the Year Ended Year Ended Year Ended December 31, December 31, December 31, 2022 2021 2020 Interest paid $ 269 $ 277 $ 283 Income taxes paid (received) ( 54 ) 1 22 Significant non-cash investing transactions: Equity securities received in exchange of fixed maturity AFS securities - - 19 Significant non-cash financing transactions: Net reduction of fixed maturity AFS securities and accrued investment income in connection with a reinsurance transaction - ( 4,133 ) -

Quarterly Results of Operatio_2

Quarterly Results of Operations (Tables)	12 Months Ended
	Dec. 31, 2022
Quarterly Results of Operations [Abstract]
Quarterly Results Of Operations	LINCOLN NATIONAL CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited, in millions, except share data) As Restated As of As of As of March 31, June 30, September 30, 2021 2021 2021 ASSETS Investments: Fixed maturity available-for-sale securities, at fair value (amortized cost: $ 105,866 , $ 106,668 and $ 107,459 at March 31, 2021, June 30, 2021 and September 30, 2021, respectively; allowance for credit losses: $ 14 , $ 9 and $ 17 at March 31, 2021, June 30, 2021 and September 30, 2021, respectively) $ 117,313 $ 122,215 $ 122,085 Trading securities 4,344 4,211 4,170 Equity securities 144 195 264 Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: $ 874 , $ 818 and $ 792 at March 31, 2021, June 30, 2021 and September 30, 2021) 17,255 17,586 17,730 Policy loans 2,502 2,410 2,379 Derivative investments 3,482 4,730 5,075 Other investments 3,547 3,948 4,066 Total investments 148,587 155,295 155,769 Cash and invested cash 1,350 2,389 2,614 Deferred acquisition costs and value of business acquired 7,665 6,261 5,966 Accrued investment income 1,301 1,254 1,297 Reinsurance recoverables, net of allowance for credit losses 16,289 15,981 15,729 Goodwill 1,778 1,778 1,778 Other assets 18,264 18,125 18,076 Separate account assets 171,339 178,795 175,667 Total assets $ 366,573 $ 379,878 $ 376,896 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Future contract benefits $ 39,592 $ 40,251 $ 40,641 Other contract holder funds 107,002 108,778 109,300 Short-term debt 300 300 300 Long-term debt 6,294 6,334 6,323 Payables for collateral on investments 7,597 8,199 8,379 Other liabilities 14,862 15,479 15,121 Separate account liabilities 171,339 178,795 175,667 Total liabilities 346,986 358,136 355,731 Contingencies and Commitments (See Note 13) Stockholders’ Equity Preferred stock – 10,000,000 shares authorized - - - Common stock – 800,000,000 shares authorized; 191,149,192 , 189,089,948 and 186,089,222 shares issued and outstanding as of March 31, 2021, June 30, 2021 and September 30, 2021, respectively 5,057 5,021 4,956 Retained earnings 8,769 9,242 9,360 Accumulated other comprehensive income (loss) 5,761 7,479 6,849 Total stockholders’ equity 19,587 21,742 21,165 Total liabilities and stockholders’ equity $ 366,573 $ 379,878 $ 376,896 LINCOLN NATIONAL CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited, in millions, except share data) As Restated As of As of As of March 31, June 30, September 30, 2022 2022 2022 ASSETS Investments: Fixed maturity available-for-sale securities, at fair value (amortized cost: $ 107,587 , $ 109,592 and $ 111,058 at March 31, 2022, June 30, 2022 and September 30, 2022, respectively; allowance for credit losses: $ 20 , $ 12 and $ 18 at March 31, 2022, June 30, 2022 and September 30, 2022, respectively) $ 110,663 $ 103,317 $ 97,572 Trading securities 4,364 3,803 3,580 Equity securities 399 411 427 Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: $ 537 , $ 528 and $ 495 at March 31, 2022, June 30, 2022 and September 30, 2022) 17,892 17,922 18,066 Policy loans 2,339 2,368 2,347 Derivative investments 4,573 3,167 3,455 Other investments 4,122 4,078 3,813 Total investments 144,352 135,066 129,260 Cash and invested cash 1,960 1,567 1,472 Deferred acquisition costs and value of business acquired 8,811 11,872 13,684 Accrued investment income 1,247 1,226 1,283 Reinsurance recoverables, net of allowance for credit losses 20,044 19,909 20,045 Goodwill 1,778 1,778 1,144 Other assets 18,467 18,137 19,991 Separate account assets 168,879 145,791 137,295 Total assets $ 365,538 $ 335,346 $ 324,174 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Future contract benefits $ 39,776 $ 39,309 $ 41,716 Other contract holder funds 112,913 115,145 118,201 Short-term debt - - 500 Long-term debt 6,561 6,498 5,959 Payables for collateral on investments 8,927 7,524 6,865 Other liabilities 13,298 11,425 10,970 Separate account liabilities 168,879 145,791 137,295 Total liabilities 350,354 325,692 321,506 Contingencies and Commitments (See Note 13) Stockholders’ Equity Preferred stock – 10,000,000 shares authorized - - - Common stock – 800,000,000 shares authorized; 171,890,974 , 170,224,116 and 169,214,493 shares issued and outstanding as of March 31, 2022, June 30, 2022 and September 30, 2022, respectively 4,586 4,546 4,534 Retained earnings 9,346 9,445 6,762 Accumulated other comprehensive income (loss) 1,252 ( 4,337 ) ( 8,628 ) Total stockholders’ equity 15,184 9,654 2,668 Total liabilities and stockholders’ equity $ 365,538 $ 335,346 $ 324,174 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited, in millions, except per share data) As Restated For the Three Months Ended March 31, June 30, September 30, December 31, 2021 2021 2021 2021 Revenues Insurance premiums $ 1,400 $ 1,404 $ 1,394 $ 1,419 Fee income 1,597 1,673 2,000 1,635 Net investment income 1,509 1,583 1,575 1,444 Realized gain (loss) ( 180 ) 1 79 514 Amortization of deferred gain on business sold through reinsurance 9 9 9 11 Other revenues 198 192 181 206 Total revenues 4,533 4,862 5,238 5,229 Expenses Interest credited 743 745 748 696 Benefits 2,227 1,930 2,121 2,251 Commissions and other expenses 1,231 1,325 1,908 1,330 Interest and debt expense 65 65 73 67 Spark program expense 13 21 22 31 Total expenses 4,279 4,086 4,872 4,375 Income (loss) before taxes 254 776 366 854 Federal income tax expense (benefit) 35 131 50 146 Net income (loss) 219 645 316 708 Other comprehensive income (loss), net of tax ( 3,170 ) 1,718 ( 630 ) ( 408 ) Comprehensive income (loss) $ ( 2,951 ) $ 2,363 $ ( 314 ) $ 300 Net Income (Loss) Per Common Share Basic $ 1.14 $ 3.40 $ 1.69 $ 3.92 Diluted $ 1.13 $ 3.36 $ 1.67 $ 3.86 Cash Dividends Declared Per Common Share $ 0.42 $ 0.42 $ 0.42 $ 0.45 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited, in millions, except per share data) As Restated For the Three Months Ended March 31, June 30, September 30, December 31, 2022 2022 2022 2022 Revenues Insurance premiums $ 1,477 $ 1,498 $ 1,548 $ 1,564 Fee income 1,568 1,506 1,527 1,453 Net investment income 1,411 1,398 1,295 1,411 Realized gain (loss) 25 515 212 ( 407 ) Amortization of deferred gain on business sold through reinsurance 11 11 10 10 Other revenues 182 160 189 191 Total revenues 4,674 5,088 4,781 4,222 Expenses Interest credited 697 706 722 745 Benefits 2,568 2,890 5,103 1,985 Commissions and other expenses 1,235 1,123 1,355 1,382 Interest and debt expense 66 68 71 78 Spark program expense 31 44 44 48 Impairment of intangibles - - 634 - Total expenses 4,597 4,831 7,929 4,238 Income (loss) before taxes 77 257 ( 3,148 ) ( 16 ) Federal income tax expense (benefit) ( 15 ) 29 ( 565 ) ( 37 ) Net income (loss) 92 228 ( 2,583 ) 21 Other comprehensive income (loss), net of tax ( 5,189 ) ( 5,589 ) ( 4,291 ) 960 Comprehensive income (loss) $ ( 5,097 ) $ ( 5,361 ) $ ( 6,874 ) $ 981 Net Income (Loss) Per Common Share Basic $ 0.53 $ 1.34 $ ( 15.22 ) $ 0.12 Diluted $ 0.52 $ 1.28 $ ( 15.23 ) $ 0.09 Cash Dividends Declared Per Common Share $ 0.45 $ 0.45 $ 0.45 $ 0.45 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (Unaudited, in millions) As Restated For the Three Months Ended March 31, June 30, September 30, 2021 2021 2021 Common Stock Balance as of beginning-of-period $ 5,082 $ 5,057 $ 5,021 Stock compensation/issued for benefit plans 25 23 16 Retirement of common stock/cancellation of shares ( 50 ) ( 59 ) ( 81 ) Balance as of end-of-period 5,057 5,021 4,956 Retained Earnings Balance as of beginning-of-period 8,686 8,769 9,242 Net income (loss) 219 645 316 Retirement of common stock ( 55 ) ( 91 ) ( 119 ) Common stock dividends declared ( 81 ) ( 81 ) ( 79 ) Balance as of end-of-period 8,769 9,242 9,360 Accumulated Other Comprehensive Income (Loss) Balance as of beginning-of-period 8,931 5,761 7,479 Other comprehensive income (loss), net of tax ( 3,170 ) 1,718 ( 630 ) Balance as of end-of-period 5,761 7,479 6,849 Total stockholders’ equity as of end-of-period $ 19,587 $ 21,742 $ 21,165 As Restated For the Three Months Ended March 31, June 30, September 30, 2022 2022 2022 Common Stock Balance as of beginning-of-period $ 4,735 $ 4,586 $ 4,546 Stock compensation/issued for benefit plans 6 9 15 Retirement of common stock/cancellation of shares ( 155 ) ( 49 ) ( 27 ) Balance as of end-of-period 4,586 4,546 4,534 Retained Earnings Balance as of beginning-of-period 9,578 9,346 9,445 Net income (loss) 92 228 ( 2,583 ) Retirement of common stock ( 245 ) ( 51 ) ( 23 ) Common stock dividends declared ( 79 ) ( 78 ) ( 77 ) Balance as of end-of-period 9,346 9,445 6,762 Accumulated Other Comprehensive Income (Loss) Balance as of beginning-of-period 6,441 1,252 ( 4,337 ) Other comprehensive income (loss), net of tax ( 5,189 ) ( 5,589 ) ( 4,291 ) Balance as of end-of-period 1,252 ( 4,337 ) ( 8,628 ) Total stockholders’ equity as of end-of-period $ 15,184 $ 9,654 $ 2,668 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited, in millions) As Restated For the For the For the Three Months Six Months Nine Months Ended Ended Ended March 31, June 30, September 30, 2021 2021 2021 Cash Flows from Operating Activities Net income (loss) $ 219 $ 864 $ 1,180 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Realized (gain) loss 180 179 100 Sales and maturities (purchases) of trading securities, net 118 230 239 Amortization of deferred gain on business sold through reinsurance ( 9 ) ( 17 ) ( 27 ) Change in: Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization 54 112 346 Premiums and fees receivable ( 161 ) ( 97 ) ( 98 ) Accrued investment income ( 41 ) ( 10 ) ( 34 ) Insurance liabilities and reinsurance-related balances ( 762 ) ( 1,431 ) ( 1,779 ) Accrued expenses ( 40 ) 42 246 Federal income tax accruals 35 166 215 Other ( 216 ) ( 251 ) ( 263 ) Net cash provided by (used in) operating activities ( 623 ) ( 213 ) 125 Cash Flows from Investing Activities Purchases of available-for-sale securities and equity securities ( 3,854 ) ( 8,324 ) ( 11,917 ) Sales of available-for-sale securities and equity securities 571 1,269 1,452 Maturities of available-for-sale securities 1,913 4,700 7,055 Purchases of alternative investments ( 163 ) ( 361 ) ( 506 ) Sales and repayments of alternative investments 54 128 258 Issuance of mortgage loans on real estate ( 887 ) ( 1,632 ) ( 2,210 ) Repayment and maturities of mortgage loans on real estate 403 851 1,274 Repayment (issuance) of policy loans, net ( 76 ) 16 48 Net change in collateral on investments, derivatives and related settlements 1,341 1,888 2,312 Other ( 33 ) ( 71 ) ( 219 ) Net cash provided by (used in) investing activities ( 731 ) ( 1,536 ) ( 2,453 ) Cash Flows from Financing Activities Payment related to modification or early extinguishment of debt - - ( 8 ) Proceeds from certain financing arrangements - 50 50 Deposits of fixed account values, including the fixed portion of variable 3,140 6,378 9,152 Withdrawals of fixed account values, including the fixed portion of variable ( 1,773 ) ( 3,276 ) ( 4,961 ) Transfers from (to) separate accounts, net ( 130 ) ( 255 ) ( 254 ) Common stock issued for benefit plans 7 12 14 Repurchase of common stock ( 105 ) ( 255 ) ( 455 ) Dividends paid to common stockholders ( 80 ) ( 161 ) ( 241 ) Other ( 63 ) ( 63 ) ( 63 ) Net cash provided by (used in) financing activities 996 2,430 3,234 Net increase (decrease) in cash, invested cash and restricted cash ( 358 ) 681 906 Cash, invested cash and restricted cash as of beginning-of-year 1,708 1,708 1,708 Cash, invested cash and restricted cash as of end-of-period $ 1,350 $ 2,389 $ 2,614 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited, in millions) As Restated For the For the For the Three Months Six Months Nine Months Ended Ended Ended March 31, June 30, September 30, 2022 2022 2022 Cash Flows from Operating Activities Net income (loss) $ 92 319 $ ( 2,264 ) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Realized (gain) loss ( 25 ) ( 540 ) ( 752 ) Sales and maturities (purchases) of trading securities, net ( 187 ) 117 163 Amortization of deferred gain on business sold through reinsurance ( 11 ) ( 22 ) ( 31 ) Impairment of intangibles - - 634 Change in: Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization 31 - 74 Premiums and fees receivable ( 91 ) ( 76 ) ( 3 ) Accrued investment income ( 35 ) ( 40 ) ( 80 ) Insurance liabilities and reinsurance-related balances 1,275 3,116 6,166 Accrued expenses ( 262 ) ( 371 ) ( 402 ) Federal income tax accruals 39 69 ( 498 ) Other ( 74 ) 135 383 Net cash provided by (used in) operating activities 752 2,707 3,390 Cash Flows from Investing Activities Purchases of available-for-sale securities and equity securities ( 3,934 ) ( 8,204 ) ( 12,008 ) Sales of available-for-sale securities and equity securities 105 308 1,196 Maturities of available-for-sale securities 1,604 3,231 4,333 Purchases of alternative investments ( 161 ) ( 329 ) ( 484 ) Sales and repayments of alternative investments 131 183 383 Issuance of mortgage loans on real estate ( 539 ) ( 1,366 ) ( 1,924 ) Repayment and maturities of mortgage loans on real estate 717 1,428 1,872 Repayment (issuance) of policy loans, net 25 ( 5 ) 17 Net change in collateral on investments, derivatives and related settlements 16 ( 1,893 ) ( 3,155 ) Other ( 104 ) ( 101 ) ( 93 ) Net cash provided by (used in) investing activities ( 2,140 ) ( 6,748 ) ( 9,863 ) Cash Flows from Financing Activities Payment of long-term debt, including current maturities ( 300 ) ( 300 ) ( 300 ) Issuance of long-term debt, net of issuance costs 297 297 296 Payment related to sale-leaseback transactions ( 4 ) ( 47 ) ( 52 ) Proceeds from certain financing arrangements - 53 53 Deposits of fixed account values, including the fixed portion of variable 3,046 6,900 11,062 Withdrawals of fixed account values, including the fixed portion of variable ( 1,884 ) ( 3,352 ) ( 4,997 ) Transfers from (to) separate accounts, net 70 116 71 Common stock issued for benefit plans ( 10 ) ( 14 ) ( 15 ) Repurchase of common stock ( 400 ) ( 500 ) ( 550 ) Dividends paid to common stockholders ( 79 ) ( 157 ) ( 234 ) Other - - ( 1 ) Net cash provided by (used in) financing activities 736 2,996 5,333 Net increase (decrease) in cash, invested cash and restricted cash ( 652 ) ( 1,045 ) ( 1,140 ) Cash, invested cash and restricted cash as of beginning-of-year 2,612 2,612 2,612 Cash, invested cash and restricted cash as of end-of-period $ 1,960 $ 1,567 $ 1,472 LINCOLN NATIONAL CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited, in millions, except share data) As of March 31, 2021 As Previously Restatement As Reported Impacts Restated ASSETS Investments: Fixed maturity available-for-sale securities, at fair value (amortized cost: 2021 - $ 105,866 ; allowance for credit losses: 2021 - $ 14 ) $ 117,313 $ - $ 117,313 Trading securities 4,365 ( 21 ) 4,344 Equity securities 123 21 144 Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2021 - $ 874 ) 17,255 - 17,255 Policy loans 2,502 - 2,502 Derivative investments 3,453 29 3,482 Other investments 3,548 ( 1 ) 3,547 Total investments 148,559 28 148,587 Cash and invested cash 1,350 - 1,350 Deferred acquisition costs and value of business acquired 7,665 - 7,665 Accrued investment income 1,301 - 1,301 Reinsurance recoverables, net of allowance for credit losses 16,289 - 16,289 Goodwill 1,778 - 1,778 Other assets 18,479 ( 215 ) 18,264 Separate account assets 171,339 - 171,339 Total assets $ 366,760 $ ( 187 ) $ 366,573 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Future contract benefits $ 39,591 $ 1 $ 39,592 Other contract holder funds 107,002 - 107,002 Short-term debt 300 - 300 Long-term debt 6,294 - 6,294 Payables for collateral on investments 7,597 - 7,597 Other liabilities 15,044 ( 182 ) 14,862 Separate account liabilities 171,339 - 171,339 Total liabilities 347,167 ( 181 ) 346,986 Contingencies and Commitments (See Note 13) Stockholders’ Equity Preferred stock – 10,000,000 shares authorized - - - Common stock – 800,000,000 shares authorized; 191,149,192 shares issued and outstanding as of March 31, 2021 5,057 - 5,057 Retained earnings 8,775 ( 6 ) 8,769 Accumulated other comprehensive income (loss) 5,761 - 5,761 Total stockholders’ equity 19,593 ( 6 ) 19,587 Total liabilities and stockholders’ equity $ 366,760 $ ( 187 ) $ 366,573 LINCOLN NATIONAL CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited, in millions, except share data) As of June 30, 2021 As Previously Restatement As Reported Impacts Restated ASSETS Investments: Fixed maturity available-for-sale securities, at fair value (amortized cost: 2021 - $ 106,668 ; allowance for credit losses: 2021 - $ 9 ) $ 122,215 $ - $ 122,215 Trading securities 4,232 ( 21 ) 4,211 Equity securities 174 21 195 Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2021 - $ 818 ) 17,586 - 17,586 Policy loans 2,410 - 2,410 Derivative investments 4,548 182 4,730 Other investments 3,950 ( 2 ) 3,948 Total investments 155,115 180 155,295 Cash and invested cash 2,389 - 2,389 Deferred acquisition costs and value of business acquired 6,261 - 6,261 Accrued investment income 1,254 - 1,254 Reinsurance recoverables, net of allowance for credit losses 15,981 - 15,981 Goodwill 1,778 - 1,778 Other assets 18,575 ( 450 ) 18,125 Separate account assets 178,795 - 178,795 Total assets $ 380,148 $ ( 270 ) $ 379,878 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Future contract benefits $ 40,250 $ 1 $ 40,251 Other contract holder funds 108,778 - 108,778 Short-term debt 300 - 300 Long-term debt 6,334 - 6,334 Payables for collateral on investments 8,199 - 8,199 Other liabilities 15,747 ( 268 ) 15,479 Separate account liabilities 178,795 - 178,795 Total liabilities 358,403 ( 267 ) 358,136 Contingencies and Commitments (See Note 13) Stockholders’ Equity Preferred stock – 10,000,000 shares authorized - - - Common stock – 800,000,000 shares authorized; 189,089,948 shares issued and outstanding as of June 30, 2021 5,021 - 5,021 Retained earnings 9,245 ( 3 ) 9,242 Accumulated other comprehensive income (loss) 7,479 - 7,479 Total stockholders’ equity 21,745 ( 3 ) 21,742 Total liabilities and stockholders’ equity $ 380,148 $ ( 270 ) $ 379,878 LINCOLN NATIONAL CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited, in millions, except share data) As of September 30, 2021 As Previously Restatement As Reported Impacts Restated ASSETS Investments: Fixed maturity available-for-sale securities, at fair value (amortized cost: 2021 - $ 107,459 ; allowance for credit losses: 2021 - $ 17 ) $ 122,085 $ - $ 122,085 Trading securities 4,191 ( 21 ) 4,170 Equity securities 243 21 264 Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2021 - $ 792 ) 17,730 - 17,730 Policy loans 2,379 - 2,379 Derivative investments 4,828 247 5,075 Other investments 4,069 ( 3 ) 4,066 Total investments 155,525 244 155,769 Cash and invested cash 2,614 - 2,614 Deferred acquisition costs and value of business acquired 5,965 1 5,966 Accrued investment income 1,297 - 1,297 Reinsurance recoverables, net of allowance for credit losses 15,729 - 15,729 Goodwill 1,778 - 1,778 Other assets 18,477 ( 401 ) 18,076 Separate account assets 175,667 - 175,667 Total assets $ 377,052 $ ( 156 ) $ 376,896 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Future contract benefits $ 40,641 $ - $ 40,641 Other contract holder funds 109,297 3 109,300 Short-term debt 300 - 300 Long-term debt 6,323 - 6,323 Payables for collateral on investments 8,379 - 8,379 Other liabilities 15,275 ( 154 ) 15,121 Separate account liabilities 175,667 - 175,667 Total liabilities 355,882 ( 151 ) 355,731 Contingencies and Commitments (See Note 13) Stockholders’ Equity Preferred stock – 10,000,000 shares authorized - - - Common stock – 800,000,000 shares authorized; 186,089,222 shares issued and outstanding as of September 30, 2021 4,956 - 4,956 Retained earnings 9,365 ( 5 ) 9,360 Accumulated other comprehensive income (loss) 6,849 - 6,849 Total stockholders’ equity 21,170 ( 5 ) 21,165 Total liabilities and stockholders’ equity $ 377,052 $ ( 156 ) $ 376,896 LINCOLN NATIONAL CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited, in millions, except share data) As of March 31, 2022 As Previously Restatement As Reported Impacts Restated ASSETS Investments: Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $ 107,587 ; allowance for credit losses: 2022 - $ 20 ) $ 110,695 $ ( 32 ) $ 110,663 Trading securities 4,385 ( 21 ) 4,364 Equity securities 346 53 399 Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $ 537 ) 17,892 - 17,892 Policy loans 2,339 - 2,339 Derivative investments 4,840 ( 267 ) 4,573 Other investments 4,127 ( 5 ) 4,122 Total investments 144,624 ( 272 ) 144,352 Cash and invested cash 1,960 - 1,960 Deferred acquisition costs and value of business acquired 8,810 1 8,811 Accrued investment income 1,247 - 1,247 Reinsurance recoverables, net of allowance for credit losses 20,044 - 20,044 Goodwill 1,778 - 1,778 Other assets 18,587 ( 120 ) 18,467 Separate account assets 168,879 - 168,879 Total assets $ 365,929 $ ( 391 ) $ 365,538 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Future contract benefits $ 39,773 $ 3 $ 39,776 Other contract holder funds 112,901 12 112,913 Long-term debt 6,561 - 6,561 Payables for collateral on investments 8,927 - 8,927 Other liabilities 14,176 ( 878 ) 13,298 Separate account liabilities 168,879 - 168,879 Total liabilities 351,217 ( 863 ) 350,354 Contingencies and Commitments (See Note 13) Stockholders’ Equity Preferred stock – 10,000,000 shares authorized - - - Common stock – 800,000,000 shares authorized; 171,890,974 shares issued and outstanding as of March 31, 2022 4,586 - 4,586 Retained earnings 8,876 470 9,346 Accumulated other comprehensive income (loss) 1,250 2 1,252 Total stockholders’ equity 14,712 472 15,184 Total liabilities and stockholders’ equity $ 365,929 $ ( 391 ) $ 365,538 LINCOLN NATIONAL CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited, in millions, except share data) As of June 30, 2022 As Previously Restatement As Reported Impacts Restated ASSETS Investments: Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $ 109,592 ; allowance for credit losses: 2022 - $ 12 ) $ 103,365 $ ( 48 ) $ 103,317 Trading securities 3,822 ( 19 ) 3,803 Equity securities 344 67 411 Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $ 528 ) 17,922 - 17,922 Policy loans 2,368 - 2,368 Derivative investments 3,370 ( 203 ) 3,167 Other investments 4,054 24 4,078 Total investments 135,245 ( 179 ) 135,066 Cash and invested cash 1,567 - 1,567 Deferred acquisition costs and value of business acquired 11,872 - 11,872 Accrued investment income 1,226 - 1,226 Reinsurance recoverables, net of allowance for credit losses 19,909 - 19,909 Goodwill 1,778 - 1,778 Other assets 18,381 ( 244 ) 18,137 Separate account assets 145,791 - 145,791 Total assets $ 335,769 $ ( 423 ) $ 335,346 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Future contract benefits $ 39,306 $ 3 $ 39,309 Other contract holder funds 115,127 18 115,145 Long-term debt 6,498 - 6,498 Payables for collateral on investments 7,524 - 7,524 Other liabilities 12,335 ( 910 ) 11,425 Separate account liabilities 145,791 - 145,791 Total liabilities 326,581 ( 889 ) 325,692 Contingencies and Commitments (See Note 13) Stockholders’ Equity Preferred stock – 10,000,000 shares authorized - - - Common stock – 800,000,000 shares authorized; 170,224,116 shares issued and outstanding as of June 30, 2022 4,546 - 4,546 Retained earnings 8,985 460 9,445 Accumulated other comprehensive income (loss) ( 4,343 ) 6 ( 4,337 ) Total stockholders’ equity 9,188 466 9,654 Total liabilities and stockholders’ equity $ 335,769 $ ( 423 ) $ 335,346 LINCOLN NATIONAL CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited, in millions, except share data) As of September 30, 2022 As Previously Restatement As Reported Impacts Restated ASSETS Investments: Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $ 111,058 ; allowance for credit losses: 2022 - $ 18 ) $ 97,572 $ - $ 97,572 Trading securities 3,580 - 3,580 Equity securities 427 - 427 Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $ 495 ) 18,066 - 18,066 Policy loans 2,347 - 2,347 Derivative investments 3,681 ( 226 ) 3,455 Other investments 3,820 ( 7 ) 3,813 Total investments 129,493 ( 233 ) 129,260 Cash and invested cash 1,472 - 1,472 Deferred acquisition costs and value of business acquired 13,676 8 13,684 Accrued investment income 1,283 - 1,283 Reinsurance recoverables, net of allowance for credit losses 20,045 - 20,045 Goodwill 1,144 - 1,144 Other assets 20,275 ( 284 ) 19,991 Separate account assets 137,295 - 137,295 Total assets $ 324,683 $ ( 509 ) $ 324,174 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Future contract benefits $ 41,716 $ - $ 41,716 Other contract holder funds 118,174 27 118,201 Short-term debt 500 - 500 Long-term debt 5,959 - 5,959 Payables for collateral on investments 6,865 - 6,865 Other liabilities 11,957 ( 987 ) 10,970 Separate account liabilities 137,295 - 137,295 Total liabilities 322,466 ( 960 ) 321,506 Contingencies and Commitments (See Note 13) Stockholders’ Equity Preferred stock – 10,000,000 shares authorized - - - Common stock – 800,000,000 shares authorized; 169,214,493 shares issued and outstanding as of September 30, 2022 4,534 - 4,534 Retained earnings 6,311 451 6,762 Accumulated other comprehensive income (loss) ( 8,628 ) - ( 8,628 ) Total stockholders’ equity 2,217 451 2,668 Total liabilities and stockholders’ equity $ 324,683 $ ( 509 ) $ 324,174 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited, in millions, except per share data) For the Three Months Ended March 31, 2021 As Previously Restatement As Reported Impacts Restated Revenues Insurance premiums $ 1,406 $ ( 6 ) $ 1,400 Fee income 1,592 5 1,597 Net investment income 1,510 ( 1 ) 1,509 Realized gain (loss) ( 181 ) 1 ( 180 ) Amortization of deferred gain on business sold through reinsurance 9 - 9 Other revenues 198 - 198 Total revenues 4,534 ( 1 ) 4,533 Expenses Interest credited 737 6 743 Benefits 2,226 1 2,227 Commissions and other expenses 1,231 - 1,231 Interest and debt expense 65 - 65 Spark program expense 13 - 13 Total expenses 4,272 7 4,279 Income (loss) before taxes 262 ( 8 ) 254 Federal income tax expense (benefit) 37 ( 2 ) 35 Net income (loss) 225 ( 6 ) 219 Other comprehensive income (loss), net of tax ( 3,170 ) - ( 3,170 ) Comprehensive income (loss) $ ( 2,945 ) $ ( 6 ) $ ( 2,951 ) Net Income (Loss) Per Common Share Basic $ 1.17 $ ( 0.03 ) $ 1.14 Diluted $ 1.16 $ ( 0.03 ) $ 1.13 Cash Dividends Declared Per Common Share $ 0.42 $ - $ 0.42 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited, in millions, except per share data) For the Three Months Ended June 30, 2021 As Previously Restatement As Reported Impacts Restated Revenues Insurance premiums $ 1,398 $ 6 $ 1,404 Fee income 1,670 3 1,673 Net investment income 1,584 ( 1 ) 1,583 Realized gain (loss) ( 2 ) 3 1 Amortization of deferred gain on business sold through reinsurance 9 - 9 Other revenues 192 - 192 Total revenues 4,851 11 4,862 Expenses Interest credited 737 8 745 Benefits 1,930 - 1,930 Commissions and other expenses 1,326 ( 1 ) 1,325 Interest and debt expense 65 - 65 Spark program expense 21 - 21 Total expenses 4,079 7 4,086 Income (loss) before taxes 772 4 776 Federal income tax expense (benefit) 130 1 131 Net income (loss) 642 3 645 Other comprehensive income (loss), net of tax 1,718 - 1,718 Comprehensive income (loss) $ 2,360 $ 3 $ 2,363 Net Income (Loss) Per Common Share Basic $ 3.38 $ 0.02 $ 3.40 Diluted $ 3.34 $ 0.02 $ 3.36 Cash Dividends Declared Per Common Share $ 0.42 $ - $ 0.42 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited, in millions, except per share data) For the Three Months Ended September 30, 2021 As Previously Restatement As Reported Impacts Restated Revenues Insurance premiums $ 1,394 $ - $ 1,394 Fee income 1,996 4 2,000 Net investment income 1,576 ( 1 ) 1,575 Realized gain (loss) 85 ( 6 ) 79 Amortization of deferred gain on business sold through reinsurance 9 - 9 Other revenues 181 - 181 Total revenues 5,241 ( 3 ) 5,238 Expenses Interest credited 750 ( 2 ) 748 Benefits 2,122 ( 1 ) 2,121 Commissions and other expenses 1,906 2 1,908 Interest and debt expense 73 - 73 Spark program expense 22 - 22 Total expenses 4,873 ( 1 ) 4,872 Income (loss) before taxes 368 ( 2 ) 366 Federal income tax expense (benefit) 50 - 50 Net income (loss) 318 ( 2 ) 316 Other comprehensive income (loss), net of tax ( 630 ) - ( 630 ) Comprehensive income (loss) $ ( 312 ) $ ( 2 ) $ ( 314 ) Net Income (Loss) Per Common Share Basic $ 1.70 $ ( 0.01 ) $ 1.69 Diluted $ 1.68 $ ( 0.01 ) $ 1.67 Cash Dividends Declared Per Common Share $ 0.42 $ - $ 0.42 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited, in millions, except per share data) For the Three Months Ended December 31, 2021 As Previously Restatement As Reported Impacts Restated Revenues Insurance premiums $ 1,419 $ - $ 1,419 Fee income 1,629 6 1,635 Net investment income 1,445 ( 1 ) 1,444 Realized gain (loss) ( 114 ) 628 514 Amortization of deferred gain on business sold through reinsurance 19 ( 8 ) 11 Other revenues 206 - 206 Total revenues 4,604 625 5,229 Expenses Interest credited 691 5 696 Benefits 2,251 - 2,251 Commissions and other expenses 1,328 2 1,330 Interest and debt expense 67 - 67 Spark program expense 31 - 31 Total expenses 4,368 7 4,375 Income (loss) before taxes 236 618 854 Federal income tax expense (benefit) 16 130 146 Net income (loss) 220 488 708 Other comprehensive income (loss), net of tax ( 408 ) - ( 408 ) Comprehensive income (loss) $ ( 188 ) $ 488 $ 300 Net Income (Loss) Per Common Share Basic $ 1.22 $ 2.70 $ 3.92 Diluted $ 1.20 $ 2.66 $ 3.86 Cash Dividends Declared Per Common Share $ 0.45 $ - $ 0.45 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited, in millions, except per share data) For the Three Months Ended March 31, 2022 As Previously Restatement As Reported Impacts Restated Revenues Insurance premiums $ 1,477 $ - $ 1,477 Fee income 1,568 - 1,568 Net investment income 1,412 ( 1 ) 1,411 Realized gain (loss) 29 ( 4 ) 25 Amortization of deferred gain on business sold through reinsurance 19 ( 8 ) 11 Other revenues 182 - 182 Total revenues 4,687 ( 13 ) 4,674 Expenses Interest credited 697 - 697 Benefits 2,565 3 2,568 Commissions and other expenses 1,236 ( 1 ) 1,235 Interest and debt expense 66 - 66 Spark program expense 31 - 31 Total expenses 4,595 2 4,597 Income (loss) before taxes 92 ( 15 ) 77 Federal income tax expense (benefit) ( 12 ) ( 3 ) ( 15 ) Net income (loss) 104 ( 12 ) 92 Other comprehensive income (loss), net of tax ( 5,191 ) 2 ( 5,189 ) Comprehensive income (loss) $ ( 5,087 ) $ ( 10 ) $ ( 5,097 ) Net Income (Loss) Per Common Share Basic $ 0.60 $ ( 0.07 ) $ 0.53 Diluted $ 0.58 $ ( 0.06 ) $ 0.52 Cash Dividends Declared Per Common Share $ 0.45 $ - $ 0.45 LINCOLN NATIONAL CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited, in millions, except per share data) For the Three Months Ended June 30, 2022 As Previously Restatement As Reported Impacts Restated Revenues Insurance premiums $ 1,498 $ - $ 1,498 Fee income 1,506 - 1,506 Net investment income 1,369 29 1,398 Realized gain (loss) 522 ( 7 ) 515 Amortization of deferred gain on business sold through reinsurance 19 ( 8 ) 11 Other revenues 190 ( 30 ) 160 Total revenues 5,104 ( 16 ) 5,088 Expenses Interest credited 706 - 706 Benefits 2,890 - 2,890 Commissions and other expenses 1,127 ( 4 ) 1,123 Interest and debt expense 68 - 68 Spark program expense 44 - 44 Total expenses 4,835 ( 4 ) 4,831 Income (loss) before taxes 269 ( 12 ) 257 Federal income tax expense (benefit) 31 ( 2 ) 29 Net income (loss) 238 ( 10 ) 228 Other comprehensive income (loss), net of tax ( 5,593 ) 4 ( 5,589 ) Comprehensive income (loss) $ ( 5,355 ) $ ( 6 ) $ ( 5,361 ) Net Income (Loss)

Nature of Operations, Basis o_4

Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies (Narrative) (Details) $ in Millions		3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Oct. 01, 2021 USD ($)	Dec. 31, 2022 USD ($) item	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Sep. 30, 2021 USD ($)	Jun. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2022 USD ($) item	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Product Information [Line Items]
Estimated Contract Life UL Policies (In Years)														40 years
Estimated Contract Life VUL Policies (In Years)														40 years
Front End Load Annuity Products Assumed Life (In Years)														25 years
Number Of Scenarios Used Per Policy To Value A Block Of Guarantees		100												100
Total Scenarios To Value GLB liability | item		44,000,000												44,000,000
Dividend Expenses														$ 49	$ 48	$ 53
Other revenues		$ 191	$ 189	$ 160	$ 182	$ 206	$ 181	$ 192	$ 198					723	777	658
Insurance fees		1,453	1,527	1,506	1,568	1,635	2,000	1,673	1,597					6,054	6,905	6,371
Reinsurance amount of in-force executive benefit and universal life reserves		9,400												9,400
Coinsurance investments book value	$ 4,600
Coinsurance Investments Fair Value	5,200
Realized gain on coinsurance investments	635
Deferred gain on coinsurance investments	$ 797
Amortization of deferred gain on business sold through reinsurance		10	10	11	11	11	9	9	9	$ 22	$ 17	$ 31	$ 27	42	38	41
Realized gain (loss)		(407)	212	515	25	514	79	1	(180)	540	(179)	752	(100)	345	414	(513)
Commissions and other expenses		1,382	1,355	1,123	1,235	1,330	1,908	1,325	1,231					5,096	5,794	5,064
Federal income tax expense (benefit)		(37)	(565)	29	(15)	146	50	131	35					(589)	362	(76)
Other liabilities		10,885	10,970	11,425	13,298	15,297	15,121	15,479	14,862	11,425	15,479	10,970	15,121	10,885	15,297
Retained earnings		6,707	6,762	9,445	9,346	9,578	9,360	9,242	8,769	9,445	9,242	6,762	9,360	6,707	9,578
Income (loss) before taxes		(16)	(3,148)	257	77	854	366	776	254					(2,830)	2,249	$ 423
Other assets		20,708	19,991	18,137	18,467	18,519	18,076	18,125	18,264	18,137	18,125	19,991	18,076	20,708	18,519
Derivative investments		3,594	3,455	3,167	4,573	5,697	5,075	4,730	3,482	3,167	4,730	3,455	5,075	3,594	5,697
Other Adjustments [Member]
Product Information [Line Items]
Other liabilities		(212)				(500)								(212)	(500)
Income (loss) before taxes														12	(12)
Other assets		(70)				(760)								(70)	(760)
Derivative investments		$ (142)				$ 260								$ (142)	$ 260
Sales Force Intangibles [Member]
Product Information [Line Items]
Useful Life of Intangible Assets (In Years)														25 years
VOCRA [Member]
Product Information [Line Items]
Useful Life of Intangible Assets (In Years)														20 years
VODA [Member]
Product Information [Line Items]
Useful Life of Intangible Assets (In Years)														13 years
Maximum [Member]
Product Information [Line Items]
Estimated Contract Life Fixed and Variable Deferred Annuities (In Years)														30 years
Traditional Contract Acquisition Cost Amortization Period (In Years)														30 years
Participating Policies as a Percentage of the Face Amount of the Insurance In Force		1%				1%								1%	1%	1%
Minimum [Member]
Product Information [Line Items]
Estimated Contract Life Fixed and Variable Deferred Annuities (In Years)														15 years
Life Insurance Segment [Member] | Maximum [Member]
Product Information [Line Items]
Investment Yield Assumptions for Traditional Direct Individual Life Reserves		7.75%												7.75%
Life Insurance Segment [Member] | Minimum [Member]
Product Information [Line Items]
Investment Yield Assumptions for Traditional Direct Individual Life Reserves		2.25%												2.25%
Annuities Segment [Member]
Product Information [Line Items]
Fee income														$ 743	$ 848	$ 732
Other revenues														$ 584	628	516
Annuities Segment [Member] | Maximum [Member]
Product Information [Line Items]
Investment Yield Assumptions for Immediate and Deferred Paid-Up Annuities		12.15%												12.15%
Annuities Segment [Member] | Minimum [Member]
Product Information [Line Items]
Investment Yield Assumptions for Immediate and Deferred Paid-Up Annuities		0.50%												0.50%
Group Protection Segment [Member]
Product Information [Line Items]
Other revenues														$ 203	180	$ 177
Commercial [Member]
Product Information [Line Items]
Number of days past due to qualify as delinquent														60 days
Number of missed payments to qualify as delinqent | item														2
Period In Which Loans No Longer Accrue Interest In Days														90 days
Number of missed payments to qualify loans as non-accrual | item														3
Loan-to-value ratio indicating principal is greater than collateral														100%
Commercial [Member] | Maximum [Member]
Product Information [Line Items]
Debt-service coverage ratio indicating property income not covering debt payments														1
Residential [Member]
Product Information [Line Items]
Period In Which Loans No Longer Accrue Interest In Days														90 days
Resolution Life [Member]
Product Information [Line Items]
No. of Years in Which Deferred Gain From Reinsurance Transaction is Recognized as Income														30 years
Swiss Re [Member]
Product Information [Line Items]
No. of Years in Which Deferred Gain From Reinsurance Transaction is Recognized as Income														15 years
Athene Holding Ltd. [Member]
Product Information [Line Items]
No. of Years in Which Deferred Gain From Reinsurance Transaction is Recognized as Income														20 years
Other assets		$ 2				$ 5								$ 2	5
Derivative investments		39				93								39	93
Restatement Impacts [Member]
Product Information [Line Items]
Other revenues			30	(30)										1
Insurance fees						6	4	3	5						18
Amortization of deferred gain on business sold through reinsurance		(8)	(8)	(8)	(8)	(8)				(16)		(25)		(32)	(8)
Realized gain (loss)		28	(8)	(7)	(4)	628	(6)	3	1	(11)	3	(19)	(3)	9	626
Commissions and other expenses		8	(3)	(4)	(1)	2	2	(1)						1	3
Federal income tax expense (benefit)		3	(2)	(2)	(3)	130		1	(2)					(5)	129
Other liabilities		(797)	(987)	(910)	(878)	(846)	(154)	(268)	(182)	(910)	(268)	(987)	(154)	(797)	(846)
Retained earnings		468	451	460	470	482	(5)	(3)	(6)	460	(3)	451	(5)	468	482
Income (loss) before taxes		19	(11)	(12)	(15)	618	(2)	4	(8)					(19)	611
Other assets		(187)	(284)	(244)	(120)	(614)	(401)	(450)	(215)	(244)	(450)	(284)	(401)	(187)	(614)
Derivative investments		(142)	$ (226)	$ (203)	$ (267)	260	$ 247	$ 182	$ 29	$ (203)	$ 182	$ (226)	$ 247	(142)	260
Restatement Impacts [Member] | Misstatement Associated with the Coinsurance Reinsurance Transaction [Member]
Product Information [Line Items]
Amortization of deferred gain on business sold through reinsurance														(32)	(8)
Realized gain (loss)															635
Commissions and other expenses															4
Federal income tax expense (benefit)															131
Other liabilities						(492)									(492)
Retained earnings		$ 467				$ 492								$ 467	$ 492

Nature of Operations, Basis o_5

Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies (Summary of Restated Consolidated Balance Sheets) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investments:
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $111,707; 2021 - $105,142; allowance for credit losses: 2022 - $22; 2021 - $19)	$ 99,736	$ 97,572	$ 103,317	$ 110,663	$ 118,711	$ 122,085	$ 122,215	$ 117,313
Trading securities	3,498	3,580	3,803	4,364	4,460	4,170	4,211	4,344
Equity securities	427	427	411	399	375	264	195	144
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $487; 2021 - $739)	18,301	18,066	17,922	17,892	17,991	17,730	17,586	17,255
Policy loans	2,359	2,347	2,368	2,339	2,364	2,379	2,410	2,502
Derivative investments	3,594	3,455	3,167	4,573	5,697	5,075	4,730	3,482
Other investments	3,739	3,813	4,078	4,122	4,288	4,066	3,948	3,547
Total investments	131,654	129,260	135,066	144,352	153,886	155,769	155,295	148,587
Cash and invested cash	3,343	1,472	1,567	1,960	2,612	2,614	2,389	1,350	$ 1,708	$ 2,563
Deferred acquisition costs and value of business acquired	13,588	13,684	11,872	8,811	6,083	5,966	6,261	7,665	5,812
Accrued investment income	1,253	1,283	1,226	1,247	1,189	1,297	1,254	1,301
Reinsurance recoverables, net of allowance for credit losses	19,882	20,045	19,909	20,044	20,295	15,729	15,981	16,289
Goodwill	1,144	1,144	1,778	1,778	1,778	1,778	1,778	1,778
Other assets	20,708	19,991	18,137	18,467	18,519	18,076	18,125	18,264
Separate account assets	143,536	137,295	145,791	168,879	182,583	175,667	178,795	171,339
Total assets	335,108	324,174	335,346	365,538	386,945	376,896	379,878	366,573
Liabilities
Future contract benefits	42,151	41,716	39,309	39,776	41,030	40,641	40,251	39,592
Other contract holder funds	120,800	118,201	115,145	112,913	111,710	109,300	108,778	107,002
Short-term debt	500	500			300	300	300	300
Long-term debt	5,955	5,959	6,498	6,561	6,325	6,323	6,334	6,294
Payables for collateral on investments	6,712	6,865	7,524	8,927	8,946	8,379	8,199	7,597
Other liabilities	10,885	10,970	11,425	13,298	15,297	15,121	15,479	14,862
Separate account liabilities	143,536	137,295	145,791	168,879	182,583	175,667	178,795	171,339
Total liabilities	330,539	321,506	325,692	350,354	366,191	355,731	358,136	346,986
Contingencies and Commitments (See Note 13)
Stockholders' Equity
Preferred stock - 10,000,000 shares authorized
Common stock – 800,000,000 shares authorized; 169,220,511 and 177,193,515 shares issued and outstanding as of December 31, 2022, and December 31, 2021, respectively	4,544	4,534	4,546	4,586	4,735	4,956	5,021	5,057
Retained earnings	6,707	6,762	9,445	9,346	9,578	9,360	9,242	8,769
Accumulated other comprehensive income (loss)	(7,668)	(8,628)	(4,337)	1,252	6,441	6,849	7,479	5,761
Total stockholders' equity	4,569	2,668	9,654	15,184	20,754	21,165	21,742	19,587	22,699
Total liabilities and stockholders' equity	335,108	324,174	335,346	365,538	386,945	376,896	379,878	366,573
Fixed maturity securities (amortized cost)	111,707	111,058	109,592	107,587	105,142	107,459	106,668	105,866
Fixed maturity, ACL	22	18	12	20	19	17	9	14
Mortgage loans on real estate, fair value	$ 487	$ 495	$ 528	$ 537	$ 739	$ 792	$ 818	$ 874
Preferred stock - shares authorized (in shares)	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000
Preferred stock - shares issued (in shares)	40,000
Preferred stock - shares outstanding (in shares)	40,000
Common stock - shares authorized (in shares)	800,000,000	800,000,000	800,000,000	800,000,000	800,000,000	800,000,000	800,000,000	800,000,000
Common stock - shares issued (in shares)	169,220,511	169,214,493	170,224,116	171,890,974	177,193,515	186,089,222	189,089,948	191,149,192
Common stock - shares outstanding (in shares)	169,220,511	169,214,493	170,224,116	171,890,974	177,193,515	186,089,222	189,089,948	191,149,192
Series C Preferred Stock [Member]
Stockholders' Equity
Preferred stock - 10,000,000 shares authorized	$ 493
Preferred stock - shares authorized (in shares)	20,000
Preferred stock - shares issued (in shares)	20,000
Preferred stock - shares outstanding (in shares)	20,000
Series D Preferred Stock [Member]
Stockholders' Equity
Preferred stock - 10,000,000 shares authorized	$ 493
Preferred stock - shares authorized (in shares)	20,000
Preferred stock - shares issued (in shares)	20,000
Preferred stock - shares outstanding (in shares)	20,000
As Previously Reported [Member]
Investments:
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $111,707; 2021 - $105,142; allowance for credit losses: 2022 - $22; 2021 - $19)	$ 99,736	$ 97,572	$ 103,365	$ 110,695	$ 118,746	$ 122,085	$ 122,215	$ 117,313
Trading securities	3,498	3,580	3,822	4,385	4,482	4,191	4,232	4,365
Equity securities	427	427	344	346	318	243	174	123
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $487; 2021 - $739)	18,301	18,066	17,922	17,892	17,991	17,730	17,586	17,255
Policy loans	2,359	2,347	2,368	2,339	2,364	2,379	2,410	2,502
Derivative investments	3,736	3,681	3,370	4,840	5,437	4,828	4,548	3,453
Other investments	3,739	3,820	4,054	4,127	4,292	4,069	3,950	3,548
Total investments	131,796	129,493	135,245	144,624	153,630	155,525	155,115	148,559
Cash and invested cash	3,343	1,472	1,567	1,960	2,612	2,614	2,389	1,350	$ 1,708
Deferred acquisition costs and value of business acquired	13,588	13,676	11,872	8,810	6,081	5,965	6,261	7,665
Accrued investment income	1,253	1,283	1,226	1,247	1,189	1,297	1,254	1,301
Reinsurance recoverables, net of allowance for credit losses	19,882	20,045	19,909	20,044	20,295	15,729	15,981	16,289
Goodwill	1,144	1,144	1,778	1,778	1,778	1,778	1,778	1,778
Other assets	20,895	20,275	18,381	18,587	19,133	18,477	18,575	18,479
Separate account assets	143,536	137,295	145,791	168,879	182,583	175,667	178,795	171,339
Total assets	335,437	324,683	335,769	365,929	387,301	377,052	380,148	366,760
Liabilities
Future contract benefits	42,151	41,716	39,306	39,773	41,030	40,641	40,250	39,591
Other contract holder funds	120,800	118,174	115,127	112,901	111,702	109,297	108,778	107,002
Short-term debt	500	500			300	300	300	300
Long-term debt	5,955	5,959	6,498	6,561	6,325	6,323	6,334	6,294
Payables for collateral on investments	6,712	6,865	7,524	8,927	8,946	8,379	8,199	7,597
Other liabilities	11,682	11,957	12,335	14,176	16,143	15,275	15,747	15,044
Separate account liabilities	143,536	137,295	145,791	168,879	182,583	175,667	178,795	171,339
Total liabilities	331,336	322,466	326,581	351,217	367,029	355,882	358,403	347,167
Contingencies and Commitments (See Note 13)
Stockholders' Equity
Preferred stock - 10,000,000 shares authorized
Common stock – 800,000,000 shares authorized; 169,220,511 and 177,193,515 shares issued and outstanding as of December 31, 2022, and December 31, 2021, respectively	4,544	4,534	4,546	4,586	4,735	4,956	5,021	5,057
Retained earnings	6,239	6,311	8,985	8,876	9,096	9,365	9,245	8,775
Accumulated other comprehensive income (loss)	(7,668)	(8,628)	(4,343)	1,250	6,441	6,849	7,479	5,761
Total stockholders' equity	4,101	2,217	9,188	14,712	20,272	21,170	21,745	19,593
Total liabilities and stockholders' equity	335,437	324,683	335,769	365,929	387,301	377,052	380,148	366,760
As Previously Reported [Member] | Series C Preferred Stock [Member]
Stockholders' Equity
Preferred stock - 10,000,000 shares authorized	493
As Previously Reported [Member] | Series D Preferred Stock [Member]
Stockholders' Equity
Preferred stock - 10,000,000 shares authorized	493
Restatement Impacts [Member]
Investments:
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $111,707; 2021 - $105,142; allowance for credit losses: 2022 - $22; 2021 - $19)			(48)	(32)	(35)
Trading securities			(19)	(21)	(22)	(21)	(21)	(21)
Equity securities			67	53	57	21	21	21
Derivative investments	(142)	(226)	(203)	(267)	260	247	182	29
Other investments		(7)	24	(5)	(4)	(3)	(2)	(1)
Total investments	(142)	(233)	(179)	(272)	256	244	180	28
Deferred acquisition costs and value of business acquired		8		1	2	1
Other assets	(187)	(284)	(244)	(120)	(614)	(401)	(450)	(215)
Total assets	(329)	(509)	(423)	(391)	(356)	(156)	(270)	(187)
Liabilities
Future contract benefits			3	3			1	1
Other contract holder funds		27	18	12	8	3
Other liabilities	(797)	(987)	(910)	(878)	(846)	(154)	(268)	(182)
Total liabilities	(797)	(960)	(889)	(863)	(838)	(151)	(267)	(181)
Contingencies and Commitments (See Note 13)
Stockholders' Equity
Preferred stock - 10,000,000 shares authorized
Retained earnings	468	451	460	470	482	(5)	(3)	(6)
Accumulated other comprehensive income (loss)			6	2
Total stockholders' equity	468	451	466	472	482	(5)	(3)	(6)
Total liabilities and stockholders' equity	$ (329)	$ (509)	$ (423)	$ (391)	$ (356)	$ (156)	$ (270)	$ (187)

Nature of Operations, Basis o_6

Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies (Summary of Restated Consolidated Statements of Comprehensive Income (Loss)) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues
Insurance premiums	$ 1,564	$ 1,548	$ 1,498	$ 1,477	$ 1,419	$ 1,394	$ 1,404	$ 1,400					$ 6,087	$ 5,617	$ 5,372
Fee income	1,453	1,527	1,506	1,568	1,635	2,000	1,673	1,597					6,054	6,905	6,371
Net investment income	1,411	1,295	1,398	1,411	1,444	1,575	1,583	1,509					5,515	6,111	5,510
Realized gain (loss)	(407)	212	515	25	514	79	1	(180)	$ 540	$ (179)	$ 752	$ (100)	345	414	(513)
Amortization of deferred gain on business sold through reinsurance	10	10	11	11	11	9	9	9	22	17	31	27	42	38	41
Other revenues	191	189	160	182	206	181	192	198					723	777	658
Total revenues	4,222	4,781	5,088	4,674	5,229	5,238	4,862	4,533					18,766	19,862	17,439
Expenses
Interest credited	745	722	706	697	696	748	745	743					2,870	2,933	2,923
Benefits	1,985	5,103	2,890	2,568	2,251	2,121	1,930	2,227					12,546	8,529	8,677
Commissions and other expenses	1,382	1,355	1,123	1,235	1,330	1,908	1,325	1,231					5,096	5,794	5,064
Interest and debt expense	78	71	68	66	67	73	65	65					283	270	284
Spark program expense	48	44	44	31	31	22	21	13					167	87	68
Impairment of intangibles		634									634		634
Total expenses	4,238	7,929	4,831	4,597	4,375	4,872	4,086	4,279					21,596	17,613	17,016
Income (loss) before taxes	(16)	(3,148)	257	77	854	366	776	254					(2,830)	2,249	423
Federal income tax expense (benefit)	(37)	(565)	29	(15)	146	50	131	35					(589)	362	(76)
Net income (loss)	21	(2,583)	228	92	708	316	645	219	319	864	(2,264)	1,180	(2,241)	1,887	499
Unrealized investment gains (losses)													(14,030)	(2,535)	3,192
Foreign currency translation adjustment													(20)	(2)	5
Funded status of employee benefit plans													(59)	47	61
Total other comprehensive income (loss), net of tax	960	(4,291)	(5,589)	(5,189)	(408)	(630)	1,718	(3,170)					(14,109)	(2,490)	3,258
Comprehensive income (loss)	$ 981	$ (6,874)	$ (5,361)	$ (5,097)	$ 300	$ (314)	$ 2,363	$ (2,951)					$ (16,350)	$ (603)	$ 3,757
Net Income (Loss) Per Common Share
Basic (in dollars per share)	$ 0.12	$ (15.22)	$ 1.34	$ 0.53	$ 3.92	$ 1.69	$ 3.40	$ 1.14					$ (13.11)	$ 10.07	$ 2.58
Diluted (in dollars per share)	0.09	(15.23)	1.28	0.52	3.86	1.67	3.36	1.13					(13.19)	9.98	2.56
Cash Dividends Declared Per Common Share	$ 0.45	$ 0.45	$ 0.45	$ 0.45	$ 0.45	$ 0.42	$ 0.42	$ 0.42					$ 1.80	$ 1.71	$ 1.62
As Previously Reported [Member]
Revenues
Insurance premiums	$ 1,564	$ 1,548	$ 1,498	$ 1,477	$ 1,419	$ 1,394	$ 1,398	$ 1,406					$ 6,087	$ 5,617
Fee income	1,453	1,527	1,506	1,568	1,629	1,996	1,670	1,592					6,054	6,887
Net investment income	1,404	1,326	1,369	1,412	1,445	1,576	1,584	1,510					5,511	6,115
Realized gain (loss)	(435)	220	522	29	(114)	85	(2)	(181)	551	(182)	771	(97)	336	(212)
Amortization of deferred gain on business sold through reinsurance	18	18	19	19	19	9	9	9	38	17	56	27	74	46
Other revenues	191	159	190	182	206	181	192	198					722	777
Total revenues	4,195	4,798	5,104	4,687	4,604	5,241	4,851	4,534					18,784	19,230
Expenses
Interest credited	745	722	706	697	691	750	737	737					2,870	2,915
Benefits	1,985	5,106	2,890	2,565	2,251	2,122	1,930	2,226					12,546	8,529
Commissions and other expenses	1,374	1,358	1,127	1,236	1,328	1,906	1,326	1,231					5,095	5,791
Interest and debt expense	78	71	68	66	67	73	65	65					283	270
Spark program expense	48	44	44	31	31	22	21	13					167	87
Impairment of intangibles		634									634		634
Total expenses	4,230	7,935	4,835	4,595	4,368	4,873	4,079	4,272					21,595	17,592
Income (loss) before taxes	(35)	(3,137)	269	92	236	368	772	262					(2,811)	1,638
Federal income tax expense (benefit)	(40)	(563)	31	(12)	16	50	130	37					(584)	233
Net income (loss)	5	(2,574)	238	104	220	318	642	225	341	867	(2,233)	1,185	(2,227)	1,405
Unrealized investment gains (losses)													(14,030)	(2,535)
Foreign currency translation adjustment													(20)	(2)
Funded status of employee benefit plans													(59)	47
Total other comprehensive income (loss), net of tax	960	(4,285)	(5,593)	(5,191)	(408)	(630)	1,718	(3,170)					(14,109)	(2,490)
Comprehensive income (loss)	$ 965	$ (6,859)	$ (5,355)	$ (5,087)	$ (188)	$ (312)	$ 2,360	$ (2,945)					$ (16,336)	$ (1,085)
Net Income (Loss) Per Common Share
Basic (in dollars per share)	$ 0.04	$ (15.17)	$ 1.39	$ 0.60	$ 1.22	$ 1.70	$ 3.38	$ 1.17					$ (13.02)	$ 7.50
Diluted (in dollars per share)	0.01	(15.17)	1.34	0.58	1.20	1.68	3.34	1.16					(13.10)	7.43
Cash Dividends Declared Per Common Share	$ 0.45	$ 0.45	$ 0.45	$ 0.45	$ 0.45	$ 0.42	$ 0.42	$ 0.42					$ 1.80	$ 1.71
Restatement Impacts [Member]
Revenues
Insurance premiums							$ 6	$ (6)
Fee income					$ 6	$ 4	3	5						$ 18
Net investment income	$ 7	$ (31)	$ 29	$ (1)	(1)	(1)	(1)	(1)					$ 4	(4)
Realized gain (loss)	28	(8)	(7)	(4)	628	(6)	3	1	(11)	3	(19)	(3)	9	626
Amortization of deferred gain on business sold through reinsurance	(8)	(8)	(8)	(8)	(8)				(16)		(25)		(32)	(8)
Other revenues		30	(30)										1
Total revenues	27	(17)	(16)	(13)	625	(3)	11	(1)					(18)	632
Expenses
Interest credited					5	(2)	8	6						18
Benefits		(3)		3		(1)		1
Commissions and other expenses	8	(3)	(4)	(1)	2	2	(1)						1	3
Total expenses	8	(6)	(4)	2	7	(1)	7	7					1	21
Income (loss) before taxes	19	(11)	(12)	(15)	618	(2)	4	(8)					(19)	611
Federal income tax expense (benefit)	3	(2)	(2)	(3)	130		1	(2)					(5)	129
Net income (loss)	16	(9)	(10)	(12)	488	(2)	3	(6)	$ (22)	$ (3)	$ (31)	$ (5)	(14)	482
Total other comprehensive income (loss), net of tax		(6)	4	2
Comprehensive income (loss)	$ 16	$ (15)	$ (6)	$ (10)	$ 488	$ (2)	$ 3	$ (6)					$ (14)	$ 482
Net Income (Loss) Per Common Share
Basic (in dollars per share)	$ 0.08	$ (0.05)	$ (0.05)	$ (0.07)	$ 2.70	$ (0.01)	$ 0.02	$ (0.03)					$ (0.09)	$ 2.57
Diluted (in dollars per share)	$ 0.08	$ (0.06)	$ (0.06)	$ (0.06)	$ 2.66	$ (0.01)	$ 0.02	$ (0.03)					$ (0.09)	$ 2.55

Nature of Operations, Basis o_7

Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies (Summary of Restated Consolidated Statements of Stockholders Equity) (Details) - USD ($) $ in Millions	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Balance	$ 2,668	$ 9,654	$ 15,184	$ 20,754	$ 21,165	$ 21,742	$ 19,587	$ 22,699	$ 20,754	$ 22,699	$ 20,754	$ 22,699	$ 20,754	$ 22,699
Net income (loss)	21	(2,583)	228	92	708	316	645	219	319	864	(2,264)	1,180	(2,241)	1,887	$ 499
Total other comprehensive income (loss), net of tax	960	(4,291)	(5,589)	(5,189)	(408)	(630)	1,718	(3,170)					(14,109)	(2,490)	3,258
Balance	4,569	2,668	9,654	15,184	20,754	21,165	21,742	19,587	9,654	21,742	2,668	21,165	4,569	20,754	22,699
Preferred Stock [Member]
Balance	986												986
Preferred Stock [Member] | Series C Preferred Stock [Member]
Issuance of preferred stock													493
Preferred Stock [Member] | Series D Preferred Stock [Member]
Issuance of preferred stock													493
Common Stock [Member]
Balance	4,534	4,546	4,586	4,735	4,956	5,021	5,057	5,082	4,735	5,082	4,735	5,082	4,735	5,082	5,162
Stock compensation/issued for benefit plans		15	9	6		16	23	25					40	85	48
Retirement of common stock/cancellation of shares		(27)	(49)	(155)		(81)	(59)	(50)					(231)	(432)	(128)
Balance	4,544	4,534	4,546	4,586	4,735	4,956	5,021	5,057	4,546	5,021	4,534	4,956	4,544	4,735	5,082
Retained Earnings [Member]
Balance	6,762	9,445	9,346	9,578	9,360	9,242	8,769	8,686	9,578	8,686	9,578	8,686	9,578	8,686	8,854
Net income (loss)		(2,583)	228	92		316	645	219					(2,241)	1,887	499
Retirement of common stock/cancellation of shares		(23)	(51)	(245)		(119)	(91)	(55)					(319)	(673)	(147)
Common stock dividends declared		(77)	(78)	(79)		(79)	(81)	(81)					(311)	(322)	(317)
Balance	6,707	6,762	9,445	9,346	9,578	9,360	9,242	8,769	9,445	9,242	6,762	9,360	6,707	9,578	8,686
Accumulated Other Comprehensive Income (Loss) [Member]
Balance	(8,628)	(4,337)	1,252	6,441	6,849	7,479	5,761	8,931	6,441	8,931	6,441	8,931	6,441	8,931	5,673
Total other comprehensive income (loss), net of tax		(4,291)	(5,589)	(5,189)		(630)	1,718	(3,170)					(14,109)	(2,490)	3,258
Balance	(7,668)	(8,628)	(4,337)	1,252	6,441	6,849	7,479	5,761	(4,337)	7,479	(8,628)	6,849	(7,668)	6,441	8,931
Cumulative Effect, Period of Adoption, Adjustment [Member] | Retained Earnings [Member]
Balance															(203)
As Previously Reported [Member]
Balance	2,217	9,188	14,712	20,272	21,170	21,745	19,593		20,272		20,272		20,272
Net income (loss)	5	(2,574)	238	104	220	318	642	225	341	867	(2,233)	1,185	(2,227)	1,405
Total other comprehensive income (loss), net of tax	960	(4,285)	(5,593)	(5,191)	(408)	(630)	1,718	(3,170)					(14,109)	(2,490)
Balance	4,101	2,217	9,188	14,712	20,272	21,170	21,745	19,593	9,188	21,745	2,217	21,170	4,101	20,272
As Previously Reported [Member] | Preferred Stock [Member]
Balance	986												986
As Previously Reported [Member] | Preferred Stock [Member] | Series C Preferred Stock [Member]
Issuance of preferred stock													493
As Previously Reported [Member] | Preferred Stock [Member] | Series D Preferred Stock [Member]
Issuance of preferred stock													493
As Previously Reported [Member] | Common Stock [Member]
Balance	4,534	4,546	4,586	4,735	4,956	5,021	5,057	5,082	4,735	5,082	4,735	5,082	4,735	5,082
Stock compensation/issued for benefit plans		15	9	6		16	23	25					40	85
Retirement of common stock/cancellation of shares		(27)	(49)	(155)		(81)	(59)	(50)					(231)	(432)
Balance	4,544	4,534	4,546	4,586	4,735	4,956	5,021	5,057	4,546	5,021	4,534	4,956	4,544	4,735	5,082
As Previously Reported [Member] | Retained Earnings [Member]
Balance	6,311	8,985	8,876	9,096	9,365	9,245	8,775	8,686	9,096	8,686	9,096	8,686	9,096	8,686
Net income (loss)		(2,574)	238	104		318	642	225					(2,227)	1,405
Retirement of common stock/cancellation of shares		(23)	(51)	(245)		(119)	(91)	(55)					(319)	(673)
Common stock dividends declared		(77)	(78)	(79)		(79)	(81)	(81)					(311)	(322)
Balance	6,239	6,311	8,985	8,876	9,096	9,365	9,245	8,775	8,985	9,245	6,311	9,365	6,239	9,096	8,686
As Previously Reported [Member] | Accumulated Other Comprehensive Income (Loss) [Member]
Balance	(8,628)	(4,343)	1,250	6,441	6,849	7,479	5,761	8,931	6,441	8,931	6,441	8,931	6,441	8,931
Total other comprehensive income (loss), net of tax		(4,285)	(5,593)	(5,191)		(630)	1,718	(3,170)					(14,109)	(2,490)
Balance	(7,668)	(8,628)	(4,343)	1,250	6,441	6,849	7,479	5,761	(4,343)	7,479	(8,628)	6,849	(7,668)	6,441	$ 8,931
Restatement Impacts [Member]
Balance	451	466	472	482	(5)	(3)	(6)		482		482		482
Net income (loss)	16	(9)	(10)	(12)	488	(2)	3	(6)	(22)	(3)	(31)	(5)	(14)	482
Total other comprehensive income (loss), net of tax		(6)	4	2
Balance	468	451	466	472	482	(5)	(3)	(6)	466	(3)	451	(5)	468	482
Restatement Impacts [Member] | Retained Earnings [Member]
Balance	451	460	470	482	(5)	(3)	(6)		482		482		482
Net income (loss)		(9)	(10)	(12)		(2)	3	(6)					(14)	482
Balance	$ 468	451	460	470	$ 482	$ (5)	$ (3)	$ (6)	460	$ (3)	$ 451	$ (5)	$ 468	$ 482
Restatement Impacts [Member] | Accumulated Other Comprehensive Income (Loss) [Member]
Balance		6	2
Total other comprehensive income (loss), net of tax		$ (6)	4	2
Balance			$ 6	$ 2					$ 6

Nature of Operations, Basis o_8

Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies (Summary of Restated Consolidated Statements of Cash Flows) (Details) - USD ($) $ in Millions	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash Flows from Operating Activities
Net income (loss)	$ 21	$ (2,583)	$ 228	$ 92	$ 708	$ 316	$ 645	$ 219	$ 319	$ 864	$ (2,264)	$ 1,180	$ (2,241)	$ 1,887	$ 499
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Realized (gain) loss	407	(212)	(515)	(25)	(514)	(79)	(1)	180	(540)	179	(752)	100	(345)	(414)	513
Sales and maturities (purchases) of trading securities, net				(187)				118	117	230	163	239	300	(87)	266
Amortization of deferred gain on business sold through reinsurance	(10)	(10)	(11)	(11)	(11)	(9)	(9)	(9)	(22)	(17)	(31)	(27)	(42)	(38)	(41)
Impairment of intangibles		634									634		634
Change in:
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization				31				54		112	74	346	118	312	48
Premiums and fees receivable				(91)				(161)	(76)	(97)	(3)	(98)	(54)	(93)	(21)
Accrued investment income				(35)				(41)	(40)	(10)	(80)	(34)	(67)	16	(84)
Insurance liabilities and reinsurance-related balances				1,275				(762)	3,116	(1,431)	6,166	(1,779)	5,958	(1,955)	(699)
Accrued expenses				(262)				(40)	(371)	42	(402)	246	(89)	392	(18)
Federal income tax accruals				39				35	69	166	(498)	215	(535)	361	(98)
Other				(74)				(216)	135	(251)	383	(263)	399	(213)	169
Net cash provided by (used in) operating activities				752				(623)	2,707	(213)	3,390	125	4,036	168	534
Cash Flows from Investing Activities
Purchases of available-for-sale securities and equity securities				(3,934)				(3,854)	(8,204)	(8,324)	(12,008)	(11,917)	(14,813)	(16,915)	(16,761)
Sales of available-for-sale securities and equity securities				105				571	308	1,269	1,196	1,452	2,297	2,268	1,426
Maturities of available-for-sale securities				1,604				1,913	3,231	4,700	4,333	7,055	5,453	9,621	5,354
Purchases of alternative investments				(161)				(163)	(329)	(361)	(484)	(506)	(664)	(757)	(396)
Sales and repayments of alternative investments				131				54	183	128	383	258	446	377	171
Issuance of mortgage loans on real estate				(539)				(887)	(1,366)	(1,632)	(1,924)	(2,210)	(2,507)	(3,079)	(1,800)
Repayment and maturities of mortgage loans on real estate				717				403	1,428	851	1,872	1,274	2,255	1,881	1,154
Repayment (issuance) of policy loans, net				25				(76)	(5)	16	17	48	5	62	50
Net change in collateral on investments, derivatives and related settlements				16				1,341	(1,893)	1,888	(3,155)	2,312	(4,070)	3,261	1,474
Other				(104)				(33)	(101)	(71)	(93)	(219)	(48)	(303)	(153)
Net cash provided by (used in) investing activities				(2,140)				(731)	(6,748)	(1,536)	(9,863)	(2,453)	(11,646)	(3,584)	(9,481)
Cash Flows from Financing Activities
Payment of long-term debt, including current maturities				(300)					(300)		(300)		(300)		(1,096)
Issuance of long-term debt, net of issuance costs				297					297		296		296		1,289
Payment related to modification or early extinguishment of debt												(8)		(8)	(13)
Payment related to sale-leaseback transactions				(4)					(47)		(52)		(70)	(59)	(47)
Proceeds from certain financing arrangements									53	50	53	50	186	159	109
Deposits of fixed account values, including the fixed portion of variable				3,046				3,140	6,900	6,378	11,062	9,152	15,229	12,643	14,034
Withdrawals of fixed account values, including the fixed portion of variable				(1,884)				(1,773)	(3,352)	(3,276)	(4,997)	(4,961)	(6,913)	(6,554)	(6,113)
Transfers from (to) separate accounts, net				70				(130)	116	(255)	71	(254)	(195)	(397)	528
Common stock issued for benefit plans				(10)				7	(14)	12	(15)	14	(16)	20	(7)
Issuance of preferred stock, net of issuance costs													986
Repurchase of common stock				(400)				(105)	(500)	(255)	(550)	(455)	(550)	(1,105)	(275)
Dividends paid to common stockholders				(79)				(80)	(157)	(161)	(234)	(241)	(310)	(319)	(311)
Other								(63)		(63)	(1)	(63)	(2)	(60)	(6)
Net cash provided by (used in) financing activities				736				996	2,996	2,430	5,333	3,234	8,341	4,320	8,092
Net increase (decrease) in cash, invested cash and restricted cash				(652)				(358)	(1,045)	681	(1,140)	906	731	904	(855)
Cash, invested cash and restricted cash as of beginning-of-year	1,472	1,567	1,960	2,612	2,614	2,389	1,350	1,708	2,612	1,708	2,612	1,708	2,612	1,708	2,563
Cash, invested cash and restricted cash as of end-of-period	3,343	1,472	1,567	1,960	2,612	2,614	2,389	1,350	1,567	2,389	1,472	2,614	3,343	2,612	1,708
As Previously Reported [Member]
Cash Flows from Operating Activities
Net income (loss)	5	(2,574)	238	104	220	318	642	225	341	867	(2,233)	1,185	(2,227)	1,405
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Realized (gain) loss	435	(220)	(522)	(29)	114	(85)	2	181	(551)	182	(771)	97	(336)	212
Sales and maturities (purchases) of trading securities, net				(187)				98	117	210	163	219	300	(108)
Amortization of deferred gain on business sold through reinsurance	(18)	(18)	(19)	(19)	(19)	(9)	(9)	(9)	(38)	(17)	(56)	(27)	(74)	(46)
Impairment of intangibles		634									634		634
Change in:
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization				31				54	2	115	80	348	115	315
Premiums and fees receivable				(91)				(167)	(76)	(97)	(3)	(98)	(54)	(93)
Accrued investment income				(35)				(41)	(40)	(10)	(80)	(34)	(67)	16
Insurance liabilities and reinsurance-related balances				1,271				(764)	3,083	(1,438)	6,166	(1,779)	5,956	(1,954)
Accrued expenses				(262)				(40)	(371)	42	(402)	246	(89)	389
Federal income tax accruals				42				37	74	167	(490)	216	(530)	232
Other				(72)				(216)	167	(252)	386	(265)	405	(217)
Net cash provided by (used in) operating activities				753				(642)	2,708	(231)	3,394	108	4,033	151
Cash Flows from Investing Activities
Purchases of available-for-sale securities and equity securities				(3,934)				(3,834)	(8,204)	(8,304)	(12,008)	(11,897)	(14,813)	(16,893)
Sales of available-for-sale securities and equity securities				105				571	308	1,269	1,196	1,452	2,297	2,268
Maturities of available-for-sale securities				1,604				1,913	3,231	4,700	4,333	7,055	5,453	9,621
Purchases of alternative investments				(161)				(163)	(329)	(361)	(484)	(506)	(664)	(757)
Sales and repayments of alternative investments				131				54	183	128	383	258	446	377
Issuance of mortgage loans on real estate				(540)				(888)	(1,368)	(1,634)	(1,928)	(2,213)	(2,503)	(3,084)
Repayment and maturities of mortgage loans on real estate				717				403	1,428	851	1,872	1,274	2,255	1,881
Repayment (issuance) of policy loans, net				25				(76)	(5)	16	17	48	5	62
Net change in collateral on investments, derivatives and related settlements				16				1,341	(1,892)	1,888	(3,155)	2,312	(4,071)	3,261
Other				(104)				(33)	(101)	(71)	(93)	(219)	(48)	(303)
Net cash provided by (used in) investing activities				(2,141)				(712)	(6,749)	(1,518)	(9,867)	(2,436)	(11,643)	(3,567)
Cash Flows from Financing Activities
Payment of long-term debt, including current maturities				(300)					(300)		(300)		(300)
Issuance of long-term debt, net of issuance costs				297					297		296		296
Payment related to modification or early extinguishment of debt												(8)		(8)
Payment related to sale-leaseback transactions				(4)					(47)		(52)		(70)	(59)
Proceeds from certain financing arrangements									53	50	53	50	186	159
Deposits of fixed account values, including the fixed portion of variable				3,048				3,136	6,900	6,375	11,067	9,150	15,229	12,639
Withdrawals of fixed account values, including the fixed portion of variable				(1,830)				(1,777)	(3,298)	(3,299)	(4,943)	(4,961)	(6,913)	(6,607)
Transfers from (to) separate accounts, net				14				(122)	62	(229)	12	(252)	(195)	(340)
Common stock issued for benefit plans				(10)				7	(14)	12	(15)	14	(16)	20
Issuance of preferred stock, net of issuance costs													986
Repurchase of common stock				(400)				(105)	(500)	(255)	(550)	(455)	(550)	(1,105)
Dividends paid to common stockholders				(79)				(80)	(157)	(161)	(234)	(241)	(310)	(319)
Other								(63)		(63)	(1)	(63)	(2)	(60)
Net cash provided by (used in) financing activities				736				996	2,996	2,430	5,333	3,234	8,341	4,320
Net increase (decrease) in cash, invested cash and restricted cash				(652)				(358)	(1,045)	681	(1,140)	906	731	904
Cash, invested cash and restricted cash as of beginning-of-year	1,472	1,567	1,960	2,612	2,614	2,389	1,350	1,708	2,612	1,708	2,612	1,708	2,612	1,708
Cash, invested cash and restricted cash as of end-of-period	3,343	1,472	1,567	1,960	2,612	2,614	2,389	1,350	1,567	2,389	1,472	2,614	3,343	2,612	$ 1,708
Restatement Impacts [Member]
Cash Flows from Operating Activities
Net income (loss)	16	(9)	(10)	(12)	488	(2)	3	(6)	(22)	(3)	(31)	(5)	(14)	482
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Realized (gain) loss	(28)	8	7	4	(628)	$ 6	$ (3)	(1)	11	(3)	19	3	(9)	(626)
Sales and maturities (purchases) of trading securities, net								20		20		20		21
Amortization of deferred gain on business sold through reinsurance	$ 8	$ 8	$ 8	8	$ 8				16		25		32	8
Change in:
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization									(2)	(3)	(6)	(2)	3	(3)
Premiums and fees receivable								6
Insurance liabilities and reinsurance-related balances				4				2	33	7			2	(1)
Accrued expenses														3
Federal income tax accruals				(3)				(2)	(5)	(1)	(8)	(1)	(5)	129
Other				(2)					(32)	1	(3)	2	(6)	4
Net cash provided by (used in) operating activities				(1)				19	(1)	18	(4)	17	3	17
Cash Flows from Investing Activities
Purchases of available-for-sale securities and equity securities								(20)		(20)		(20)		(22)
Issuance of mortgage loans on real estate				1				1	2	2	4	3	(4)	5
Net change in collateral on investments, derivatives and related settlements									(1)				1
Net cash provided by (used in) investing activities				1				(19)	1	(18)	4	(17)	$ (3)	(17)
Cash Flows from Financing Activities
Deposits of fixed account values, including the fixed portion of variable				(2)				4		3	(5)	2		4
Withdrawals of fixed account values, including the fixed portion of variable				(54)				4	(54)	23	(54)			53
Transfers from (to) separate accounts, net				$ 56				$ (8)	$ 54	$ (26)	$ 59	$ (2)		$ (57)

New Accounting Standards (Narra

New Accounting Standards (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings	$ 6,707	$ 6,762	$ 9,445	$ 9,346	$ 9,578	$ 9,360	$ 9,242	$ 8,769
Total stockholders equity	4,569	2,668	9,654	15,184	20,754	21,165	21,742	19,587	$ 22,699
Accumulated other comprehensive income (loss)	$ (7,668)	$ (8,628)	$ (4,337)	$ 1,252	$ 6,441	$ 6,849	$ 7,479	$ 5,761
Accounting Standards Update 2018-12 [Member] | Minimum [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings									6,000
Total stockholders equity									1,400
Accumulated other comprehensive income (loss)									4,400
Accounting Standards Update 2018-12 [Member] | Maximum [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings									6,500
Total stockholders equity									1,900
Accumulated other comprehensive income (loss)									$ 4,900

Variable Interest Entities (Nar

Variable Interest Entities (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
Variable Interest Entity [Line Items]
Gains (losses) for consolidated variable interest entities	$ 0	$ 0
Outstanding Principal Balance of Surplus Note Issued By LRCVV And Held By LFLLCI			$ 568,000,000
Long-Term Senior Note Issued In Exchange For Corporate Bond Afs Security			275,000,000
Outstanding Principal Balance of Long-Term Senior Note Issued In Exchange For Corporate Bond AFS Security			1,000,000
Maxiumum Principal Balance of Long Term Senior Note Issued In Exchange For Corporate Bond AFS Security			1,100,000,000
Carrying amount of other investments	4,288,000,000		3,739,000,000	$ 3,813,000,000	$ 4,078,000,000	$ 4,122,000,000	$ 4,066,000,000	$ 3,948,000,000	$ 3,547,000,000
Non Affiliated VIE One [Member]
Variable Interest Entity [Line Items]
Outstanding Principal Balance of Surplus Note Issued By LRCVV And Held By LFLLCI			0
Surplus notes			0
Non Affiliated VIE Two [Member]
Variable Interest Entity [Line Items]
Outstanding Principal Balance of Long-Term Senior Note Issued In Exchange For Corporate Bond AFS Security			391,000,000
Maxiumum Principal Balance of Long Term Senior Note Issued In Exchange For Corporate Bond AFS Security			500,000,000
Non Affiliated VIE Three [Member]
Variable Interest Entity [Line Items]
Outstanding Principal Balance of Long-Term Senior Note Issued In Exchange For Corporate Bond AFS Security			500,000,000
Maxiumum Principal Balance of Long Term Senior Note Issued In Exchange For Corporate Bond AFS Security			500,000,000
Limited Partnerships and Limited Liability Companies [Member]
Variable Interest Entity [Line Items]
Carrying amount of other investments	$ 2,900,000,000		3,100,000,000
Senior notes [Member]
Variable Interest Entity [Line Items]
Outstanding Principal Balance of Long-Term Senior Note Issued In Exchange For Corporate Bond AFS Security			400,000,000
Maxiumum Principal Balance of Long Term Senior Note Issued In Exchange For Corporate Bond AFS Security			$ 400,000,000

Variable Interest Entities (Con

Variable Interest Entities (Consolidated Variable Interest Entity Asset and Liability Information) (Details) - Total Return Swap [Member] $ in Millions	Dec. 31, 2022 USD ($) item	Dec. 31, 2021 USD ($) item
Disclosure Of Variable Interest Entities Assets And Liabilities [Line Items]
Number of Instruments | item	1	1
Notional Amounts | $	$ 568	$ 594

Investments (Narrative) (Detail

Investments (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) security loan item	Dec. 31, 2021 USD ($) loan security item	Dec. 31, 2020 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Sep. 30, 2021 USD ($)	Jun. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)
Investments [Line Items]
Increase (decrease) in gross AFS securities unrealized losses	$ (12,600)
Trading Securities Change In Gross Gain Loss	$ (632)	$ (51)	$ 118
Mortgage Loans in Process of Foreclosure, Amount		$ 15
Number of partnerships in alternative investment portfolio | item	337	311
Alternative investments as a percentage of overall invested assets		2%
Amortized cost	$ 111,707	$ 105,142		$ 111,058	$ 109,592	$ 107,587	$ 107,459	$ 106,668	$ 105,866
Fair Value	99,736	$ 118,711		$ 97,572	$ 103,317	$ 110,663	$ 122,085	$ 122,215	$ 117,313
Fair value of collateral received that we are permitted to sell or re-pledge	25
Investment commitments	2,400
Investment commitments for limited partnerships	1,900
Investment commitments for mortgage loans on real estate	226
Investment commitments for private placements	$ 310,000
Minimum [Member]
Investments [Line Items]
Percentage of the fair value of securities obtained as collateral under reverse repurchase agreements	80%
Maximum [Member]
Investments [Line Items]
Percentage of the fair value of securities obtained as collateral under reverse repurchase agreements	95%
Corporate Bonds [Member]
Investments [Line Items]
Percentage of fair value rated as investment grade		96%	96%
Amortized cost of portfolio rated below investment grade	$ 3,700
Fair value of portfolio rated below investment grade	3,500	$ 3,800
Mortgage Loans [Member] | Federal Home Loan Mortgage Corporation [Member] | Investments [Member]
Investments [Line Items]
Fair value	$ 720	$ 953
Concentration risk, percentage	1%	1%
Mortgage Loans [Member] | Federal National Mortgage Association [Member] | Investments [Member]
Investments [Line Items]
Fair value	$ 745	$ 926
Concentration risk, percentage	1%	1%
Securities Investment [Member] | Consumer Non-Cyclical Industry [Member] | Investments [Member]
Investments [Line Items]
Fair value	$ 15,100	$ 19,600
Concentration risk, percentage	11%	13%
Securities Investment [Member] | Financial Service [Member]
Investments [Line Items]
Fair value	$ 16,600	$ 19,200
Securities Investment [Member] | Financial Service [Member] | Investments [Member]
Investments [Line Items]
Concentration risk, percentage	13%	12%
Commercial [Member]
Investments [Line Items]
Number of impaired loans | security	2	4
Impaired financing receivable, principal balance	$ 1	$ 1
Commercial [Member] | Geographic Concentration Risk [Member] | Mortgage Loans On Real Estate [Member] | California [Member]
Investments [Line Items]
Concentration risk, percentage	27%	26%
Commercial [Member] | Geographic Concentration Risk [Member] | Mortgage Loans On Real Estate [Member] | Texas [Member]
Investments [Line Items]
Concentration risk, percentage		9%
Residential [Member]
Investments [Line Items]
Number of loans past due | loan	73	65
Number of impaired loans | security	37	50
Impaired financing receivable, principal balance	$ 16	$ 22
Number Of Loans In Foreclosure | loan	49	34
Mortgage Loans in Process of Foreclosure, Amount	$ 21
Residential [Member] | Geographic Concentration Risk [Member] | Mortgage Loans On Real Estate [Member] | California [Member]
Investments [Line Items]
Concentration risk, percentage	17%	22%
Residential [Member] | Geographic Concentration Risk [Member] | Mortgage Loans On Real Estate [Member] | New Jersey [Member]
Investments [Line Items]
Concentration risk, percentage	12%
Residential [Member] | Geographic Concentration Risk [Member] | Mortgage Loans On Real Estate [Member] | Florida [Member]
Investments [Line Items]
Concentration risk, percentage		14%

Investments (Reconciliation Of

Investments (Reconciliation Of Available-For-Sale Securities From Cost Basis To Fair Value) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Amortized cost, gross unrealized gains, losses, OTTI and fair value of AFS securities
Amortized Cost	$ 111,707	$ 111,058	$ 109,592	$ 107,587	$ 105,142	$ 107,459	$ 106,668	$ 105,866
Allowance for Credit Losses	22	18	12	20	19	17	9	14
Fair Value	99,736	$ 97,572	$ 103,317	$ 110,663	118,711	$ 122,085	$ 122,215	$ 117,313
Fixed Maturity AFS Securities [Member]
Amortized cost, gross unrealized gains, losses, OTTI and fair value of AFS securities
Amortized Cost	111,707				105,142
Gross unrealized gains	1,069				14,039
Gross unrealized losses	13,018				451
Allowance for Credit Losses	22				19				$ 13
Fair Value	99,736				118,711
Fixed Maturity AFS Securities [Member] | Corporate Bonds [Member]
Amortized cost, gross unrealized gains, losses, OTTI and fair value of AFS securities
Amortized Cost	89,249				86,373
Gross unrealized gains	787				12,113
Gross unrealized losses	11,004				349
Allowance for Credit Losses	9				17				12
Fair Value	79,023				98,120
Fixed Maturity AFS Securities [Member] | U.S. Government Bonds [Member]
Amortized cost, gross unrealized gains, losses, OTTI and fair value of AFS securities
Amortized Cost	405				375
Gross unrealized gains	5				60
Gross unrealized losses	31				2
Fair Value	379				433
Fixed Maturity AFS Securities [Member] | State And Municipal Bonds [Member]
Amortized cost, gross unrealized gains, losses, OTTI and fair value of AFS securities
Amortized Cost	5,410				5,322
Gross unrealized gains	172				1,311
Gross unrealized losses	512				12
Fair Value	5,070				6,621
Fixed Maturity AFS Securities [Member] | Foreign Government Bonds [Member]
Amortized cost, gross unrealized gains, losses, OTTI and fair value of AFS securities
Amortized Cost	348				373
Gross unrealized gains	17				64
Gross unrealized losses	47				5
Fair Value	318				432
Fixed Maturity AFS Securities [Member] | RMBS [Member]
Amortized cost, gross unrealized gains, losses, OTTI and fair value of AFS securities
Amortized Cost	2,216				2,334
Gross unrealized gains	22				196
Gross unrealized losses	222				4
Allowance for Credit Losses	7				1				$ 1
Fair Value	2,009				2,525
Fixed Maturity AFS Securities [Member] | CMBS [Member]
Amortized cost, gross unrealized gains, losses, OTTI and fair value of AFS securities
Amortized Cost	1,917				1,552
Gross unrealized gains	3				61
Gross unrealized losses	246				14
Fair Value	1,674				1,599
Fixed Maturity AFS Securities [Member] | ABS [Member]
Amortized cost, gross unrealized gains, losses, OTTI and fair value of AFS securities
Amortized Cost	11,797				8,439
Gross unrealized gains	38				127
Gross unrealized losses	926				54
Allowance for Credit Losses	5
Fair Value	10,904				8,512
Fixed Maturity AFS Securities [Member] | Hybrid And Redeemable Preferred Securities [Member]
Amortized cost, gross unrealized gains, losses, OTTI and fair value of AFS securities
Amortized Cost	365				374
Gross unrealized gains	25				107
Gross unrealized losses	30				11
Allowance for Credit Losses	1				1
Fair Value	$ 359				$ 469

Investments (Available-For-Sale

Investments (Available-For-Sale Securities By Contractual Maturities) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
Available-for-sale Securities, Debt Maturities, Amortized Cost
Amortized Cost	$ 111,707	$ 111,058	$ 109,592	$ 107,587	$ 105,142	$ 107,459	$ 106,668	$ 105,866
Available-for-sale Securities, Debt Maturities, Fair Value
Fair Value	99,736	$ 97,572	$ 103,317	$ 110,663	118,711	$ 122,085	$ 122,215	$ 117,313
Fixed Maturity AFS Securities [Member]
Available-for-sale Securities, Debt Maturities, Amortized Cost
Amortized Cost	111,707				105,142
Available-for-sale Securities, Debt Maturities, Fair Value
Fair Value	99,736				$ 118,711
Fixed Maturity AFS Securities [Member] | Fixed maturity AFS securities other than structured securities [Member]
Available-for-sale Securities, Debt Maturities, Amortized Cost
Due in one year or less	3,386
Due after one year through five years	17,659
Due after five years through ten years	18,568
Due after ten years	56,164
Amortized Cost	95,777
Available-for-sale Securities, Debt Maturities, Fair Value
Due in one year or less	3,352
Due after one year through five years	16,816
Due after five years through ten years	16,736
Due after ten years	48,245
Fair Value	85,149
Fixed Maturity AFS Securities [Member] | Structured securities [Member]
Available-for-sale Securities, Debt Maturities, Amortized Cost
Amortized Cost	15,930
Available-for-sale Securities, Debt Maturities, Fair Value
Fair Value	$ 14,587

Investments (Fair Value And Gro

Investments (Fair Value And Gross Unrealized Losses In A Continuous Unrealized Loss Position) (Details) - Fixed Maturity AFS Securities [Member] $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) security	Dec. 31, 2021 USD ($) security
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	$ 71,770	$ 16,786
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	11,352	1,973
Debt Securities, Available-for-Sale, Unrealized Loss Position	83,122	18,759
Available-for-sale Securities, Continuous Unrealized Loss Position, Gross Unrealized Losses and OTTI
Less Than or Equal to Twelve Months	10,425	313
Greater Than Twelve Months	2,593	138
Continuous Unrealized Loss Position, Total	$ 13,018	$ 451
Total number of fixed maturity AFS securities in an unrealized loss position | security	8,175	2,597
Unrealized holding gains (losses) arising during the period	$ 6	$ 8
Corporate Bonds [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	59,929	10,796
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	7,094	1,567
Debt Securities, Available-for-Sale, Unrealized Loss Position	67,023	12,363
Available-for-sale Securities, Continuous Unrealized Loss Position, Gross Unrealized Losses and OTTI
Less Than or Equal to Twelve Months	9,049	234
Greater Than Twelve Months	1,955	115
Continuous Unrealized Loss Position, Total	11,004	349
U.S. Government Bonds [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	261	6
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	27	26
Debt Securities, Available-for-Sale, Unrealized Loss Position	288	32
Available-for-sale Securities, Continuous Unrealized Loss Position, Gross Unrealized Losses and OTTI
Less Than or Equal to Twelve Months	25
Greater Than Twelve Months	6	2
Continuous Unrealized Loss Position, Total	31	2
State And Municipal Bonds [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	1,958	522
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	237	24
Debt Securities, Available-for-Sale, Unrealized Loss Position	2,195	546
Available-for-sale Securities, Continuous Unrealized Loss Position, Gross Unrealized Losses and OTTI
Less Than or Equal to Twelve Months	440	11
Greater Than Twelve Months	72	1
Continuous Unrealized Loss Position, Total	512	12
Foreign Government Bonds [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	130	61
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	58	56
Debt Securities, Available-for-Sale, Unrealized Loss Position	188	117
Available-for-sale Securities, Continuous Unrealized Loss Position, Gross Unrealized Losses and OTTI
Less Than or Equal to Twelve Months	19	3
Greater Than Twelve Months	28	2
Continuous Unrealized Loss Position, Total	47	5
RMBS [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	1,490	262
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	193	22
Debt Securities, Available-for-Sale, Unrealized Loss Position	1,683	284
Available-for-sale Securities, Continuous Unrealized Loss Position, Gross Unrealized Losses and OTTI
Less Than or Equal to Twelve Months	179	3
Greater Than Twelve Months	43	1
Continuous Unrealized Loss Position, Total	222	4
CMBS [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	1,224	446
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	320	37
Debt Securities, Available-for-Sale, Unrealized Loss Position	1,544	483
Available-for-sale Securities, Continuous Unrealized Loss Position, Gross Unrealized Losses and OTTI
Less Than or Equal to Twelve Months	156	12
Greater Than Twelve Months	90	2
Continuous Unrealized Loss Position, Total	246	14
ABS [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	6,715	4,646
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	3,326	165
Debt Securities, Available-for-Sale, Unrealized Loss Position	10,041	4,811
Available-for-sale Securities, Continuous Unrealized Loss Position, Gross Unrealized Losses and OTTI
Less Than or Equal to Twelve Months	552	49
Greater Than Twelve Months	374	5
Continuous Unrealized Loss Position, Total	926	54
Hybrid And Redeemable Preferred Securities [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	63	47
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	97	76
Debt Securities, Available-for-Sale, Unrealized Loss Position	160	123
Available-for-sale Securities, Continuous Unrealized Loss Position, Gross Unrealized Losses and OTTI
Less Than or Equal to Twelve Months	5	1
Greater Than Twelve Months	25	10
Continuous Unrealized Loss Position, Total	$ 30	$ 11

Investments (Schedule Of Availa

Investments (Schedule Of Available-For-Sale Securities Whose Value Is Below Amortized Cost) (Details) - Fair Value Decline, Greater Than 20% [Member] $ in Millions	Dec. 31, 2022 USD ($) security	Dec. 31, 2021 USD ($) security
Schedule of Available-for-sale Securities [Line Items]
Fair Value - Less than six months	$ 11,351	$ 12
Fair Value - Six months or greater, but less than nine months	4,411
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	447
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	2	58
Debt Securities, Available-for-sale, Unrealized Loss Position, Total	16,211	70
Gross Unrealized Losses - Less than six months	3,659	3
Gross Unrealized Losses - Six months or greater, but less than nine months	2,226
Less Than or Equal to Twelve Months	302
Greater Than Twelve Months	1	8
Continuous Unrealized Loss Position, Total	$ 6,188	$ 11
Number of Securities - Less than six months | security	1,500	6
Number of Securities - Six months or greater, but less than nine months | security	650
Number of Securities - Nine months or greater, but less than twelve months | security	74
Number of Securities - Twelve months or greater | security	15	24
Number of Securities - Total | security	2,239	30

Investments (Changes In Allowan

Investments (Changes In Allowance For Credit Losses On AFS) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Balance as of beginning-of-period	$ 19
Balance as of end-of-period	22	$ 19
Fixed Maturity AFS Securities [Member]
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Balance as of beginning-of-period	19	13
Additions for securities for which credit losses were not previously recognized	8	9	$ 45
Additions (reductions) for securities for which credit losses were previously recognized	9	5	(2)
Reductions for securities disposed	(2)	(2)	(17)
Reductions for securities charged-off	(12)	(6)	(13)
Balance as of end-of-period	22	19	13
Accrued interest receivable on fixed maturity AFS securities	1,100	972	1,000
Fixed Maturity AFS Securities [Member] | Corporate Bonds [Member]
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Balance as of beginning-of-period	17	12
Additions for securities for which credit losses were not previously recognized	4	8	43
Additions (reductions) for securities for which credit losses were previously recognized	2	5	(1)
Reductions for securities disposed	(2)	(2)	(17)
Reductions for securities charged-off	(12)	(6)	(13)
Balance as of end-of-period	9	17	12
Fixed Maturity AFS Securities [Member] | RMBS [Member]
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Balance as of beginning-of-period	1	1
Additions for securities for which credit losses were not previously recognized	3		1
Additions (reductions) for securities for which credit losses were previously recognized	3
Balance as of end-of-period	7	1	1
Fixed Maturity AFS Securities [Member] | ABS [Member]
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Balance as of end-of-period	5
Fixed Maturity AFS Securities [Member] | Other [Member]
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Balance as of beginning-of-period	1
Additions for securities for which credit losses were not previously recognized	1	1	1
Additions (reductions) for securities for which credit losses were previously recognized	4		$ (1)
Balance as of end-of-period	$ 6	$ 1

Investments (Fair Value of Trad

Investments (Fair Value of Trading Securities) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
Schedule of Trading Securities and Other Trading Assets [Line Items]
Trading securities	$ 3,498	$ 3,580	$ 3,803	$ 4,364	$ 4,460	$ 4,170	$ 4,211	$ 4,344
Corporate Bonds [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Trading securities	2,248				2,734
U.S. Government Bonds [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Trading securities					32
Foreign Government Bonds [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Trading securities	49				73
RMBS [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Trading securities	99				95
CMBS [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Trading securities	137				137
ABS [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Trading securities	919				1,338
State And Municipal Bonds [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Trading securities	21				27
Hybrid And Redeemable Preferred Securities [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Trading securities	$ 25				$ 24

Investments (Composition Of Cur

Investments (Composition Of Current And Past Due Mortgage Loans On Real Estate) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
Mortgage Loans On Real Estate Aging [Abstract]
Allowance for credit losses	$ (99)				$ (96)
Unamortized premium (discount)	28				16
Mark-to-market gains (losses)	(27)				(3)
Total carrying value	18,301	$ 18,066	$ 17,922	$ 17,892	17,991	$ 17,730	$ 17,586	$ 17,255
Current [Member]
Mortgage Loans On Real Estate Aging [Abstract]
Mortgage loans on real estate, gross	18,318				18,004
30 to 59 Days Past Due [Member]
Mortgage Loans On Real Estate Aging [Abstract]
Mortgage loans on real estate, gross	42				36
60 to 89 Days Past Due [Member]
Mortgage Loans On Real Estate Aging [Abstract]
Mortgage loans on real estate, gross	6				5
90 Or More Days Past Due [Member]
Mortgage Loans On Real Estate Aging [Abstract]
Mortgage loans on real estate, gross	33				29
Commercial [Member]
Mortgage Loans On Real Estate Aging [Abstract]
Mortgage loans on real estate, gross	17,014				17,171
Allowance for credit losses	(84)				(79)
Unamortized premium (discount)	(8)				(11)
Mark-to-market gains (losses)	(27)				(3)
Total carrying value	16,903				17,089
Commercial [Member] | Current [Member]
Mortgage Loans On Real Estate Aging [Abstract]
Mortgage loans on real estate, gross	17,003				17,167
Commercial [Member] | 30 to 59 Days Past Due [Member]
Mortgage Loans On Real Estate Aging [Abstract]
Mortgage loans on real estate, gross	19				15
Residential [Member]
Mortgage Loans On Real Estate Aging [Abstract]
Mortgage loans on real estate, gross	1,413				919
Allowance for credit losses	(15)				(17)
Unamortized premium (discount)	36				27
Total carrying value	1,398				902
Residential [Member] | Current [Member]
Mortgage Loans On Real Estate Aging [Abstract]
Mortgage loans on real estate, gross	1,315				837
Residential [Member] | 30 to 59 Days Past Due [Member]
Mortgage Loans On Real Estate Aging [Abstract]
Mortgage loans on real estate, gross	23				21
Residential [Member] | 60 to 89 Days Past Due [Member]
Mortgage Loans On Real Estate Aging [Abstract]
Mortgage loans on real estate, gross	6				5
Residential [Member] | 90 Or More Days Past Due [Member]
Mortgage Loans On Real Estate Aging [Abstract]
Mortgage loans on real estate, gross	$ 33				$ 29

Investments (Schedule Of Averag

Investments (Schedule Of Average Carrying Value Of Impaired Mortgage Loans On Real Estate) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Information about impaired mortgage loans on real estate
Average carrying value for impaired mortgage loans on real estate	$ 16	$ 32	$ 21

Investments (Amortized Cost Of

Investments (Amortized Cost Of Mortgage Loans On Real Estate On Nonaccrual Status) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	$ 34	$ 30
Residential [Member]
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	$ 34	$ 30

Investments (Commercial Mortgag

Investments (Commercial Mortgage Loans By Year Of Origination) (Details) - Commercial [Member] $ in Millions	Dec. 31, 2022 USD ($) item	Dec. 31, 2021 USD ($) item
Financing Receivable, Credit Quality Indicator [Line Items]
Amount originated in current year	$ 1,876	$ 2,520
Amount originated in prior year	2,426	1,502
Amount originated 2 years prior	1,306	3,105
Amount originated 3 years prior	2,795	2,461
Amount originated 4 years prior	2,296	1,831
Amount originated 5 or more years prior	6,315	5,752
Total	17,014	17,171
Loan-to-value ratio, less than 65% [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Amount originated in current year	1,769	2,384
Amount originated in prior year	2,354	1,358
Amount originated 2 years prior	1,289	2,917
Amount originated 3 years prior	2,685	2,274
Amount originated 4 years prior	2,225	1,655
Amount originated 5 or more years prior	6,184	5,554
Total	$ 16,506	$ 16,142
Ratio of originations in current year | item	2.06	3.04
Ratio of originations in prior year | item	3.05	3.03
Ratio of originations 2 years prior | item	3	2.15
Ratio of originations 3 years prior | item	2.18	2.13
Ratio of originations 4 years prior | item	2.17	2.33
Ratio of originations 5 or more years prior | item	2.44	2.41
Loan-to-value ratio, 65% to 74% [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Amount originated in current year	$ 105	$ 136
Amount originated in prior year	72	144
Amount originated 2 years prior	17	188
Amount originated 3 years prior	81	172
Amount originated 4 years prior	71	149
Amount originated 5 or more years prior	131	171
Total	$ 477	$ 960
Ratio of originations in current year | item	1.50	1.74
Ratio of originations in prior year | item	1.53	2.06
Ratio of originations 2 years prior | item	1.58	1.42
Ratio of originations 3 years prior | item	1.50	1.59
Ratio of originations 4 years prior | item	1.62	1.74
Ratio of originations 5 or more years prior | item	1.75	1.76
Loan-to-value ratio, 75% to 100% [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Amount originated in current year	$ 2
Amount originated 3 years prior	29	$ 15
Amount originated 4 years prior		27
Amount originated 5 or more years prior		27
Total	$ 31	$ 69
Ratio of originations in current year | item	1.45
Ratio of originations 3 years prior | item	1.58	1.02
Ratio of originations 4 years prior | item		0.83
Ratio of originations 5 or more years prior | item		1.08

Investments (Residential Mortga

Investments (Residential Mortgage Loans By Year Of Origination) (Details) - Residential [Member] - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Amount originated in current year	$ 583	$ 469
Amount originated in prior year	533	131
Amount originated 2 years prior	93	210
Amount originated 3 years prior	137	109
Amount originated 4 years prior	67
Total	1,413	919
Performing [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Amount originated in current year	578	467
Amount originated in prior year	527	129
Amount originated 2 years prior	90	189
Amount originated 3 years prior	119	104
Amount originated 4 years prior	65
Total	1,379	889
Nonperforming [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Amount originated in current year	5	2
Amount originated in prior year	6	2
Amount originated 2 years prior	3	21
Amount originated 3 years prior	18	5
Amount originated 4 years prior	2
Total	$ 34	$ 30

Investments (Changes In Allow_2

Investments (Changes In Allowance For Credit Losses On Mortgage Loans On Real Estate) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Balance as of beginning-of-year	$ 96
Balance as of end-of-year	99	$ 96
Unfunded Loan Commitment [Member]
Balance as of beginning-of-year	96	204	$ 2
Additions (reductions) from provision for credit loss expense	3	(108)	114
Balance as of end-of-year	99	96	204
Accrued interest receivable excluded from credit losses	51	49	49
Financing Receivable, Credit Loss, Expense (Reversal)		4	(2)
Commercial [Member]
Balance as of beginning-of-year	79
Balance as of end-of-year	84	79
Commercial [Member] | Unfunded Loan Commitment [Member]
Balance as of beginning-of-year	79	187
Additions (reductions) from provision for credit loss expense	5	(108)	125
Balance as of end-of-year	84	79	187
Residential [Member]
Balance as of beginning-of-year	17
Balance as of end-of-year	15	17
Residential [Member] | Unfunded Loan Commitment [Member]
Balance as of beginning-of-year	17	17	2
Additions (reductions) from provision for credit loss expense	(2)		(11)
Balance as of end-of-year	$ 15	17	17
Cumulative Effect, Period of Adoption, Adjustment [Member] | Unfunded Loan Commitment [Member]
Balance as of beginning-of-year		88
Balance as of end-of-year			88
Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial [Member] | Unfunded Loan Commitment [Member]
Balance as of beginning-of-year		62
Balance as of end-of-year			62
Cumulative Effect, Period of Adoption, Adjustment [Member] | Residential [Member] | Unfunded Loan Commitment [Member]
Balance as of beginning-of-year		$ 26
Balance as of end-of-year			$ 26

Investments (Net Investment Inc

Investments (Net Investment Income) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Investment income									$ 5,723	$ 6,268	$ 5,685
Investment expense									(208)	(157)	(175)
Net investment income	$ 1,411	$ 1,295	$ 1,398	$ 1,411	$ 1,444	$ 1,575	$ 1,583	$ 1,509	5,515	6,111	5,510
Fixed Maturity AFS Securities [Member] | AFS Securities [Member]
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Investment income									4,469	4,351	4,334
Trading Securities [Member]
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Investment income									182	167	202
Equity Securities [Member]
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Investment income									11	3	3
Mortgage Loans On Real Estate [Member]
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Investment income									689	680	677
Policy loans [Member]
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Investment income									101	115	125
Invested Cash [Member]
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Investment income									13		12
Commercial mortgage loan prepayment and bond makewhole premiums [Member]
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Investment income									105	199	82
Alternative investments [Member]
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Investment income									66	679	197
Consent fees [Member]
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Investment income									8	10	7
Other Investments [Member]
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Investment income									$ 79	$ 64	$ 46

Investments (Credit Loss Expens

Investments (Credit Loss Expense Incurred) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Gross credit loss expense recognized in net income (loss)	$ (15)	$ (11)	$ (26)
Associated amortization of DAC, VOBA, DSI and DFEL			1
Net credit loss expense recognized in net income (loss)	(15)	(11)	(25)
Fixed Maturity AFS Securities [Member] | Corporate Bonds [Member]
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Gross credit loss expense recognized in net income (loss)	(5)	(10)	(25)
Fixed Maturity AFS Securities [Member] | RMBS [Member]
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Gross credit loss expense recognized in net income (loss)	(6)		$ (1)
Fixed Maturity AFS Securities [Member] | ABS [Member]
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Gross credit loss expense recognized in net income (loss)	$ (4)
Fixed Maturity AFS Securities [Member] | Hybrid And Redeemable Preferred Securities [Member]
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Line Items]
Gross credit loss expense recognized in net income (loss)		$ (1)

Investments (Payables For Colla

Investments (Payables For Collateral On Investments) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
Carrying Value Of Payables For Collateral On Investments [Abstract]
Collateral payable for derivative investments	$ 3,284				$ 5,575
Securities pledged under securities lending agreements	298				241
Investments pledged for FHLBI	3,130				3,130
Total payables for collateral on investments	6,712	$ 6,865	$ 7,524	$ 8,927	8,946	$ 8,379	$ 8,199	$ 7,597
Fair Value Of Related Investments Or Collateral [Abstract]
Collateral payable for derivative investments	3,284				5,575
Securities pledged under securities lending agreements	287				235
Investments pledged for Federal Home Loan Bank of Indianapolis('FHLBI')	3,925				4,876
Total payables for collateral on investments	$ 7,496				$ 10,686
Percentage of the fair value of domestic securities obtained as collateral under securities lending agreements.	102%
Percentage of the fair value of foreign securities obtained as collateral under securities lending agreements.	105%
Maximum [Member]
Fair Value Of Related Investments Or Collateral [Abstract]
Percentage of the fair value of FHLBI securities obtained as collateral under securities pledged for FHLBI for AFS Securities	115%
Percentage of the fair value of FHLBI securities obtained as collateral under securities pledged for FHLBI for mortgage loan	175%
Minimum [Member]
Fair Value Of Related Investments Or Collateral [Abstract]
Percentage of the fair value of FHLBI securities obtained as collateral under securities pledged for FHLBI for AFS Securities	105%
Percentage of the fair value of FHLBI securities obtained as collateral under securities pledged for FHLBI for mortgage loan	155%

Investments (Schedule Of Increa

Investments (Schedule Of Increase (Decrease) In Payables For Collateral On Investments) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Increase (decrease) in payables for collateral on investments
Collateral payable for derivative investments	$ (2,291)	$ 2,599	$ 1,588
Securities pledged under securities lending agreements	57	125	2
Investments pledged for FHLBI			(450)
Total increase (decrease) in payables for collateral on investments	$ (2,234)	$ 2,724	$ 1,140

Investments (Schedule of Securi

Investments (Schedule of Securities Pledged by Contractual Maturity) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities Lending	$ 298	$ 241
Total gross secured borrowings	298	241
Corporate Bonds [Member]
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities Lending	288	239
Equity Securities [Member]
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities Lending	8	1
Foreign Government Bonds [Member]
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities Lending	2	1
Overnight and Continuous [Member]
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total gross secured borrowings	298	241
Overnight and Continuous [Member] | Corporate Bonds [Member]
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities Lending	288	239
Overnight and Continuous [Member] | Equity Securities [Member]
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities Lending	8	1
Overnight and Continuous [Member] | Foreign Government Bonds [Member]
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities Lending	$ 2	$ 1

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Credit Derivatives [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 68
Cash flow hedge, reclassified to earnings, net	0	$ 0
Exposure Associated With Collateralization Events	$ 0	$ 0
Indexed Annuity [Member]
Credit Derivatives [Line Items]
Derivative term	6 years
Maximum [Member]
Credit Derivatives [Line Items]
Non-performance Risk Adjustment	$ 0

Derivative Instruments (Outstan

Derivative Instruments (Outstanding Derivative Instruments With Off-Balance-Sheet Risks) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	$ 257,459	$ 199,195
Asset Fair Value	9,320	12,326
Liability Fair Value	8,219	11,306
Interest Rate Contracts [Member]
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	109,722
Foreign currency contracts [Member]
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	4,778
Equity market contracts [Member]
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	142,946
Commodity Contract [Member]
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	13
GLB Ceded Embedded Derivatives [Member] | Derivative Instruments Not Designated and Not Qualifying as Hedging Instruments [Member]
Outstanding derivative instruments with off-balance-sheet risks
Asset Fair Value	29	56
Liability Fair Value	167	182
Cash Flow Hedges [Member] | Designated as Hedging Instrument [Member]
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	6,973	7,201
Asset Fair Value	766	381
Liability Fair Value	250	487
Derivative Investments [Member] | Interest Rate Contracts [Member] | Derivative Instruments Not Designated and Not Qualifying as Hedging Instruments [Member]
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	105,977	82,786
Asset Fair Value	709	897
Liability Fair Value	935	176
Derivative Investments [Member] | Foreign currency contracts [Member] | Derivative Instruments Not Designated and Not Qualifying as Hedging Instruments [Member]
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	395	487
Asset Fair Value	27	7
Liability Fair Value	2	2
Derivative Investments [Member] | Equity market contracts [Member] | Derivative Instruments Not Designated and Not Qualifying as Hedging Instruments [Member]
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	142,946	107,515
Asset Fair Value	5,135	8,490
Liability Fair Value	2,035	3,909
Derivative Investments [Member] | Commodity Contract [Member] | Derivative Instruments Not Designated and Not Qualifying as Hedging Instruments [Member]
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	13
Asset Fair Value	14
Liability Fair Value	3
Derivative Investments [Member] | Credit contracts [Member] | Derivative Instruments Not Designated and Not Qualifying as Hedging Instruments [Member]
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts		49
Derivative Investments [Member] | Cash Flow Hedges [Member] | Interest Rate Contracts [Member] | Designated as Hedging Instrument [Member]
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	2,590	3,222
Asset Fair Value	123	98
Liability Fair Value	232	436
Derivative Investments [Member] | Cash Flow Hedges [Member] | Foreign currency contracts [Member] | Designated as Hedging Instrument [Member]
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	4,383	3,979
Asset Fair Value	643	283
Liability Fair Value	18	51
Derivative Investments [Member] | Fair Value Hedges [Member] | Interest Rate Contracts [Member] | Designated as Hedging Instrument [Member]
Outstanding derivative instruments with off-balance-sheet risks
Notional Amounts	1,155	1,157
Asset Fair Value	2
Liability Fair Value	44	213
Other Assets [Member] | GLB Direct Embedded Derivatives [Member] | Derivative Instruments Not Designated and Not Qualifying as Hedging Instruments [Member]
Outstanding derivative instruments with off-balance-sheet risks
Asset Fair Value	1,697	1,967
Reinsurance Related Embedded Derivatives [Member] | Reinsurance Related [Member] | Derivative Instruments Not Designated and Not Qualifying as Hedging Instruments [Member]
Outstanding derivative instruments with off-balance-sheet risks
Asset Fair Value	416
Liability Fair Value		206
Future Contract Benefits [Member] | Indexed Annuity And IUL Contracts [Member] | Derivative Instruments Not Designated and Not Qualifying as Hedging Instruments [Member]
Outstanding derivative instruments with off-balance-sheet risks
Asset Fair Value	525	528
Liability Fair Value	$ 4,783	$ 6,131

Derivative Instruments (Maturit

Derivative Instruments (Maturity Of The Notional Amounts Of Derivative Financial Instruments) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Maturity of the notional amounts of derivative financial instruments
Remaining Life Less Than 1 Year	$ 126,871
Remaining Life - 1 - 5 Years	57,640
Remaining Life - 6 - 10 Years	34,369
Remaining Life - 11 - 30 Years	23,242
Remaining Life Over - 30 Years	15,337
Remaining Life - Total Years	257,459	$ 199,195
Interest Rate Contracts [Member]
Maturity of the notional amounts of derivative financial instruments
Remaining Life Less Than 1 Year	31,463
Remaining Life - 1 - 5 Years	27,958
Remaining Life - 6 - 10 Years	24,892
Remaining Life - 11 - 30 Years	21,196
Remaining Life Over - 30 Years	4,213
Remaining Life - Total Years	$ 109,722
Derivative maturity date	Apr. 20, 2067
Foreign currency contracts [Member]
Maturity of the notional amounts of derivative financial instruments
Remaining Life Less Than 1 Year	$ 261
Remaining Life - 1 - 5 Years	730
Remaining Life - 6 - 10 Years	1,681
Remaining Life - 11 - 30 Years	2,037
Remaining Life Over - 30 Years	69
Remaining Life - Total Years	$ 4,778
Derivative maturity date	Jun. 16, 2061
Equity market contracts [Member]
Maturity of the notional amounts of derivative financial instruments
Remaining Life Less Than 1 Year	$ 95,134
Remaining Life - 1 - 5 Years	28,952
Remaining Life - 6 - 10 Years	7,796
Remaining Life - 11 - 30 Years	9
Remaining Life Over - 30 Years	11,055
Remaining Life - Total Years	142,946
Commodity Contract [Member]
Maturity of the notional amounts of derivative financial instruments
Remaining Life Less Than 1 Year	13
Remaining Life - Total Years	$ 13

Derivative Instruments (Cumulat

Derivative Instruments (Cumulative Basis Adjustments For Fair Value Hedges) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Fixed Maturity AFS Securities [Member]
Derivatives, Fair Value [Line Items]
Amortized cost of the hedged assets	$ 587	$ 764
Cumulative fair value hedging adjustment included in the amortized cost of the hedged assets	44	211
Long-term Debt [Member]
Derivatives, Fair Value [Line Items]
Amortized cost of the hedged liabilities	(698)	(854)
Cumulative fair value hedging adjustment included in the amortized cost of the hedged liabilities	177	21
Discontinued Hedges [Member] | Long-term Debt [Member]
Derivatives, Fair Value [Line Items]
Cumulative fair value hedging adjustment included in the amortized cost of the hedged liabilities	$ (341)	$ (356)

Derivative Instruments (Change

Derivative Instruments (Change In Our Unrealized Gain On Derivative Instruments In Accumulated OCI) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Change in our unrealized gain on derivative instruments in accumulated OCI
Balance as of beginning-of-year	$ (8,628)	$ (4,337)	$ 1,252	$ 6,441	$ 6,849	$ 7,479	$ 5,761		$ 6,441
Income tax benefit (expense)	37	565	(29)	15	(146)	(50)	(131)	$ (35)	589	$ (362)	$ 76
Balance as of end-of-period	(7,668)	$ (8,628)	$ (4,337)	1,252	6,441	$ 6,849	$ 7,479	5,761	(7,668)	6,441
Unrealized Gain (Loss) on Derivative Instruments [Member]
Change in our unrealized gain on derivative instruments in accumulated OCI
Balance as of beginning-of-year				$ (103)				$ (402)	(103)	(402)	(11)
Change in foreign currency exchange rate adjustment									312	152	(174)
Change in DAC, VOBA, DSI and DFEL									27	8	(17)
Income tax benefit (expense)									(150)	(87)	94
Associated amortization of DAC, VOBA, DSI and DFEL									(6)	(1)	(1)
Income tax benefit (expense)									(18)	(5)	(10)
Balance as of end-of-period	$ 396				$ (103)				396	(103)	(402)
Unrealized Gain (Loss) on Derivative Instruments [Member] | Cash Flow Hedges [Member] | Interest Rate Contracts [Member]
Change in our unrealized gain on derivative instruments in accumulated OCI
Unrealized holding gains (losses) arising during the period									196	116	(350)
Unrealized Gain (Loss) on Derivative Instruments [Member] | Cash Flow Hedges [Member] | Interest Rate Contracts [Member] | Net Investment Income [Member]
Change in our unrealized gain on derivative instruments in accumulated OCI
Reclassification adjustment for gains (losses) included in net income (loss)									2	3	2
Unrealized Gain (Loss) on Derivative Instruments [Member] | Cash Flow Hedges [Member] | Interest Rate Contracts [Member] | Interest and Debt Expense [Member]
Change in our unrealized gain on derivative instruments in accumulated OCI
Reclassification adjustment for gains (losses) included in net income (loss)									(11)	(23)	(16)
Unrealized Gain (Loss) on Derivative Instruments [Member] | Cash Flow Hedges [Member] | Foreign currency contracts [Member]
Change in our unrealized gain on derivative instruments in accumulated OCI
Unrealized holding gains (losses) arising during the period									182	130	93
Unrealized Gain (Loss) on Derivative Instruments [Member] | Cash Flow Hedges [Member] | Foreign currency contracts [Member] | Net Investment Income [Member]
Change in our unrealized gain on derivative instruments in accumulated OCI
Reclassification adjustment for gains (losses) included in net income (loss)									62	48	56
Unrealized Gain (Loss) on Derivative Instruments [Member] | Cash Flow Hedges [Member] | Foreign currency contracts [Member] | Realized Gain (Loss) [Member]
Change in our unrealized gain on derivative instruments in accumulated OCI
Reclassification adjustment for gains (losses) included in net income (loss)									$ 39	$ (2)	$ 6

Derivative Instruments (Effects

Derivative Instruments (Effects Of Qualifying And Non-Qualifying Hedges) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Realized Gain (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total Line Items in which the Effects of Fair Value or Cash Flow Hedges are Recorded	$ 345	$ 414	$ (513)
Net Investment Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total Line Items in which the Effects of Fair Value or Cash Flow Hedges are Recorded	5,515	6,111	5,510
Interest and Debt Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total Line Items in which the Effects of Fair Value or Cash Flow Hedges are Recorded	283	270	284
Interest Rate Contracts [Member] | Derivative Instruments Not Designated and Not Qualifying as Hedging Instruments [Member] | Realized Gain (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges Gain (Loss)	(2,113)	(957)	1,287
Interest Rate Contracts [Member] | Cash Flow Hedges [Member] | Designated as Hedging Instrument [Member] | Net Investment Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) reclassified from AOCI into income	2	3	2
Interest Rate Contracts [Member] | Cash Flow Hedges [Member] | Designated as Hedging Instrument [Member] | Interest and Debt Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) reclassified from AOCI into income	(11)	(23)	(16)
Interest Rate Contracts [Member] | Fair Value Hedges [Member] | Designated as Hedging Instrument [Member] | Net Investment Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Hedged items	(167)	(60)	69
Derivatives designated as hedging instruments	167	60	(69)
Interest Rate Contracts [Member] | Fair Value Hedges [Member] | Designated as Hedging Instrument [Member] | Interest and Debt Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Hedged items	156	46	136
Derivatives designated as hedging instruments	(156)	(46)	(136)
Foreign currency contracts [Member] | Derivative Instruments Not Designated and Not Qualifying as Hedging Instruments [Member] | Realized Gain (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges Gain (Loss)	3	(1)	(3)
Foreign currency contracts [Member] | Cash Flow Hedges [Member] | Designated as Hedging Instrument [Member] | Realized Gain (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) reclassified from AOCI into income	39	(2)	6
Foreign currency contracts [Member] | Cash Flow Hedges [Member] | Designated as Hedging Instrument [Member] | Net Investment Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) reclassified from AOCI into income	62	48	56
Equity market contracts [Member] | Derivative Instruments Not Designated and Not Qualifying as Hedging Instruments [Member] | Realized Gain (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges Gain (Loss)	(2,075)	3,354	971
Commodity Contract [Member] | Derivative Instruments Not Designated and Not Qualifying as Hedging Instruments [Member] | Realized Gain (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges Gain (Loss)	11
Credit contracts [Member] | Derivative Instruments Not Designated and Not Qualifying as Hedging Instruments [Member] | Realized Gain (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges Gain (Loss)	(4)	(1)	(6)
Embedded derivatives - GLB [Member] | Derivative Instruments Not Designated and Not Qualifying as Hedging Instruments [Member] | Realized Gain (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges Gain (Loss)	(282)	1,309	32
Reinsurance Related [Member] | Derivative Instruments Not Designated and Not Qualifying as Hedging Instruments [Member] | Realized Gain (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges Gain (Loss)	622	185	(65)
Indexed Annuity And IUL Contracts [Member] | Derivative Instruments Not Designated and Not Qualifying as Hedging Instruments [Member] | Realized Gain (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Non-Qualifying Hedges Gain (Loss)	$ 1,760	$ (2,622)	$ (471)

Derivative Instruments (Gains (

Derivative Instruments (Gains (Losses) On Derivative Instruments Designated As Cash Flow Hedges) (Details) - USD ($) $ in Millions	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Gains (losses) on derivative instruments designated and qualifying as cash flow hedges
Offset to net investment income	$ 1,411	$ 1,295	$ 1,398	$ 1,411	$ 1,444	$ 1,575	$ 1,583	$ 1,509					$ 5,515	$ 6,111	$ 5,510
Offset to realized gain (loss)	(407)	212	515	25	514	79	1	(180)	$ 540	$ (179)	$ 752	$ (100)	345	414	(513)
Offset to interest and debt expense	$ (78)	$ (71)	$ (68)	$ (66)	$ (67)	$ (73)	$ (65)	$ (65)					$ (283)	$ (270)	$ (284)

Derivative Instruments (Schedul

Derivative Instruments (Schedule Of Collateral Amounts With Rights To Reclaim Or Obligation To Return Cash) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Credit Derivatives [Line Items]
Collateral Posted by Counter-Party (Held by LNC)	$ 3,273	$ 5,574
Collateral Posted by LNC (Held by Counter-Party)	(172)	(721)
AA- [Member]
Credit Derivatives [Line Items]
Collateral Posted by Counter-Party (Held by LNC)	383	2,346
Collateral Posted by LNC (Held by Counter-Party)	(6)	(281)
A+ [Member]
Credit Derivatives [Line Items]
Collateral Posted by Counter-Party (Held by LNC)	1,718	2,772
Collateral Posted by LNC (Held by Counter-Party)	(166)	(251)
A [Member]
Credit Derivatives [Line Items]
Collateral Posted by Counter-Party (Held by LNC)	1,172	456
Collateral Posted by LNC (Held by Counter-Party)		$ (189)

Derivative Instruments (Sched_2

Derivative Instruments (Schedule Of Offsetting Assets And Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Financial Assets
Derivative Instruments, Gross amount of recognized assets	$ 6,604	$ 9,705
Derivative Instruments, Gross amounts offset	(3,010)	(4,008)
Derivative Instruments, Net amount of assets	3,594	5,697
Derivative Instruments, Cash collateral	(3,273)	(5,574)
Derivative Instruments, Non-cash collateral	(321)	(123)
Derivative Instruments, Net amount
Embedded Derivative Instruments, Gross amount of recognized assets	2,667	2,551
Embedded Derivative Instruments, Gross amounts offset
Embedded Derivative Instruments, Net amount of assets	2,667	2,551
Embedded Derivative Instruments, Cash collateral
Embedded Derivative Instruments, Non-cash collateral
Embedded Derivative Instruments, Net amount	2,667	2,551
Securities Lending and Reverse Repurchase Agreements, Cash collateral received		(12)
Total, Gross amount of recognized assets	9,271	12,256
Total, Gross amounts offset	(3,010)	(4,008)
Total, Net amount of assets	6,261	8,248
Total, Cash collateral	(3,273)	(5,574)
Total, Non-cash collateral	(321)	(123)
Total, Net amount	2,667	2,551
Financial Liabilities
Derivative Instruments, Gross amount of recognized liabilities	260	779
Derivative Instruments, Gross amounts offset	(50)	(70)
Derivative Instruments, Net amount of liabilities	210	709
Derivative Instruments, Cash collateral	(172)	(709)
Derivative Instruments, Non-cash collateral	(38)
Derivative Instruments, Net amount
Embedded Derivative Instruments, Gross amount of recognized liabilities	4,950	6,519
Embedded Derivative Instruments, Gross amounts offset
Embedded Derivative Instruments, Net amount of liabilities	4,950	6,519
Embedded Derivative Instruments, Cash collateral
Embedded Derivative Instruments, Non-cash collateral
Embedded Derivative Instruments, Net amount	4,950	6,519
Total, Gross amount of recognized liabilities	(5,210)	(7,298)
Total, Gross amounts offset	(50)	(70)
Total, Net amount of liabilities	5,160	7,228
Total, Cash collateral	(172)	(709)
Total, Non-cash collateral	(38)
Total, Net amount	4,950	6,519
Excess non-cash collateral received	1,100	$ 409
Excess Non Cash Collateral Pledged	$ 8

Federal Income Taxes (Details)

Federal Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Federal Income Taxes [Abstract]
Net operating loss carryforwards	$ 1,300
Tax Credit Carryforward, Amount	101
Valuation allowance	0
Unrecognized tax benefits, that, if recognized, would impact income tax expense and effective tax rate	52	$ 53
Possible decrease in unrecognized tax benefits	8
Interest and penalty expense related to uncertain tax positions	0	0	$ 0
Accrued interest and penalty expense related to unrecognized tax benefits	$ 0	$ 0
Effective tax rate	21%	16%	(18.00%)
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate	21%	21%	21%

Federal Income Taxes (Federal I

Federal Income Taxes (Federal Income Tax Expense) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income tax expense (benefit), continuing operations [Abstract]
Current									$ 3	$ 12	$ (61)
Deferred									(592)	350	(15)
Federal income tax expense (benefit)	$ (37)	$ (565)	$ 29	$ (15)	$ 146	$ 50	$ 131	$ 35	$ (589)	$ 362	$ (76)

Federal Income Taxes (Reconcili

Federal Income Taxes (Reconciliation Of The Effective Tax Rate Differences) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of effective tax rate differences [Abstract]
Income (loss) before taxes	$ (16)	$ (3,148)	$ 257	$ 77	$ 854	$ 366	$ 776	$ 254	$ (2,830)	$ 2,249	$ 423
Federal statutory rate									21%	21%	21%
Federal income tax expense (benefit) at federal statutory rate									$ (594)	$ 472	$ 89
Effect of:
Tax-preferred investment income									(90)	(88)	(98)
Tax credits									(42)	(26)	(39)
Excess tax benefits from share-based compensation									(1)		3
Goodwill impairment									133
Tax impact associated with the Tax Cuts and Jobs Act											(37)
Other items									5	4	6
Federal income tax expense (benefit)	$ (37)	$ (565)	$ 29	$ (15)	$ 146	$ 50	$ 131	$ 35	$ (589)	$ 362	$ (76)
Effective tax rate									21%	16%	(18.00%)

Federal Income Taxes (Federal_2

Federal Income Taxes (Federal Income Tax Asset Liability) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Federal income tax asset (liability) [Abstract]
Current	$ 83	$ 142
Deferred		(2,899)
Deferred	1,455
Total federal income tax asset (liability)	$ 1,538	$ (2,757)

Federal Income Taxes (Significa

Federal Income Taxes (Significant Components Of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Deferred Tax Assets
Future contract benefits and other contract holder funds	$ 706	$ 442
Reinsurance-related embedded derivative liability		43
Compensation and benefit plans	172	198
Intangibles	18	25
Net unrealized loss on fixed maturity AFS securities	2,265
Net unrealized loss on trading securities	70
Investment activity	273
Tax credits	101	58
Net operating losses	278	292
Other	15
Total deferred tax assets	3,898	1,058
Deferred Tax Liabilities
DAC	1,813	426
VOBA	276	149
Net unrealized gain on fixed maturity AFS securities		2,830
Net unrealized gain on trading securities		65
Investment activity		328
Reinsurance-related embedded derivative asset	87
Other	267	159
Total deferred tax liabilities	2,443	3,957
Net deferred tax asset (liability)	$ 1,455
Net deferred tax asset (liability)		$ (2,899)

Federal Income Taxes (Reconci_2

Federal Income Taxes (Reconciliation Of Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of unrecognized tax benefits [Roll Forward]
Balance as of beginning-of-year	$ 53	$ 51
Increases for prior year tax positions	5	2
Settlements for prior year tax positions	(6)
Balance as of end-of-year	$ 52	$ 53

DAC, VOBA, DSI, and DFEL (DAC)

DAC, VOBA, DSI, and DFEL (DAC) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Changes in DAC [Roll Forward]
Balance as of beginning-of-year	$ 5,890	$ 5,565	$ 7,352
Business acquired (sold) through reinsurance		(362)	(10)
Deferrals	1,372	1,372	1,446
Amortization, net of interest:
Amortization, excluding unlocking, net of interest	(814)	(997)	(796)
Unlocking	(210)	(565)	(231)
Adjustment related to realized gains (losses)	(128)	85	(19)
Adjustment related to unrealized gains (losses)	6,648	792	(2,182)
Balance as of end-of-year	$ 12,758	5,890	5,565
Cumulative Effect, Period of Adoption, Adjustment [Member]
Changes in DAC [Roll Forward]
Balance as of beginning-of-year		$ 5
Amortization, net of interest:
Balance as of end-of-year			$ 5

DAC, VOBA, DSI, and DFEL (VOBA)

DAC, VOBA, DSI, and DFEL (VOBA) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Changes in VOBA [Roll Forward]
Balance as of beginning-of-year	$ 193	$ 247	$ 342
Business acquired (sold) through reinsurance		(288)
Deferrals	2		3
Amortization:
Amortization, excluding unlocking	(75)	(94)	(105)
Unlocking	60	(7)	(205)
Accretion of interest	23	33	44
Adjustment related to realized (gains) losses	(2)	(3)
Adjustment related to unrealized (gains) losses	629	305	168
Balance as of end-of-year	$ 830	$ 193	$ 247
Interest accrual rate, low end	4.20%	4.20%	4.20%
Interest accrual rate, high end	6.90%	6.90%	6.90%

DAC, VOBA, DSI, and DFEL (Estim

DAC, VOBA, DSI, and DFEL (Estimated Future Amortization of VOBA) (Details) $ in Millions	Dec. 31, 2022 USD ($)
Estimated future amortization of VOBA, net of interest [Abstract]
2023	$ 33
2024	35
2025	34
2026	33
2027	$ 31

DAC, VOBA, DSI, and DFEL (DSI)

DAC, VOBA, DSI, and DFEL (DSI) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Changes in DSI [Roll Forward]
Balance as of beginning-of-year	$ 203	$ 213	$ 234
Deferrals	6	5	7
Amortization, net of interest:
Amortization, excluding unlocking, net of interest	(15)	(26)	(20)
Unlocking	2		(1)
Adjustment related to realized (gains) losses	(2)	3	(1)
Adjustment related to unrealized (gains) losses	21	8	(6)
Balance as of end-of-year	$ 215	$ 203	$ 213

DAC, VOBA, DSI, and DFEL (DFEL)

DAC, VOBA, DSI, and DFEL (DFEL) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Changes in DFEL [Abstract]
Balance as of beginning-of-year	$ 415	$ 401	$ 650
Business acquired (sold) through reinsurance		(290)
Deferrals	1,083	1,015	1,003
Amortization, net of interest:
Amortization, excluding unlocking, net of interest	(565)	(595)	(538)
Unlocking	(49)	(387)	(275)
Adjustment related to realized (gains) losses	(35)	(10)	25
Adjustment related to unrealized (gains) losses	4,820	281	(468)
Balance as of end-of-year	$ 5,669	415	401
Cumulative Effect, Period of Adoption, Adjustment [Member]
Changes in DFEL [Abstract]
Balance as of beginning-of-year		$ 4
Amortization, net of interest:
Balance as of end-of-year			$ 4

Reinsurance (Narrative) (Detail

Reinsurance (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Ceded Credit Risk [Line Items]
Reinsurance, ACL	$ 316				$ 190								$ 316	$ 190
Maximum retention per single insured life on fixed and VUL insurance contracts													$ 20
Percent of mortality risk reinsured on newly issued non-term life insurance contracts													21%
Reinsurance recoverables, net of allowance for credit losses	19,882	$ 20,045	$ 19,909	$ 20,044	20,295	$ 15,729	$ 15,981	$ 16,289	$ 19,909	$ 15,981	$ 20,045	$ 15,729	$ 19,882	20,295
Realized gain (loss)	(407)	$ 212	$ 515	$ 25	514	$ 79	$ 1	$ (180)	$ 540	$ (179)	$ 752	$ (100)	345	414	$ (513)
Swiss Re [Member]
Ceded Credit Risk [Line Items]
Trust funded to support reinsurance receivable	710,000				1,000								710,000	1,000
Reinsurance recoverables, net of allowance for credit losses					1,100									1,100
Protective [Member]
Ceded Credit Risk [Line Items]
Reinsurance recoverables, net of allowance for credit losses	10,100				10,700								10,100	10,700
Reinsurance Recoverable for Paid and Unpaid Claims and Claims Adjustments	11.5				14,000								11.5	14,000
Athene Holding Ltd. [Member]
Ceded Credit Risk [Line Items]
Reinsurance ACL and deposit assets	3,800				5,000								3,800	5,000
Amount of amortization, after-tax, of deferred gain on business sold													25	26	$ 29
Reserves associated with modified coinsurance reinsurance arrangements	3,809				5,404								3,809	5,404
Letter of credit	117												117
Athene Holding Ltd. [Member] | Over-Collateralization [Member]
Ceded Credit Risk [Line Items]
Reserves associated with modified coinsurance reinsurance arrangements	105												105
Resolution Life [Member]
Ceded Credit Risk [Line Items]
Reinsurance receivable	4.7												4.7
Resolution Life [Member] | Over-Collateralization [Member]
Ceded Credit Risk [Line Items]
Reinsurance Recoverables	$ 4,100				$ 4,100								4,100	$ 4,100
Realized gain (loss)													$ 635

Reinsurance (Reinsurance Amount

Reinsurance (Reinsurance Amounts Recorded on Consolidated Statements of Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reinsurance [Abstract]
Direct insurance premiums and fee income									$ 13,941	$ 14,172	$ 13,304
Reinsurance assumed									98	94	95
Reinsurance ceded									(1,898)	(1,744)	(1,656)
Total insurance premiums and fee income									12,141	12,522	11,743
Direct insurance benefits									15,065	10,714	10,630
Reinsurance recoveries									(2,519)	(2,185)	(1,953)
Benefits	$ 1,985	$ 5,103	$ 2,890	$ 2,568	$ 2,251	$ 2,121	$ 1,930	$ 2,227	$ 12,546	$ 8,529	$ 8,677

Reinsurance (Schedule Of Assets

Reinsurance (Schedule Of Assets In Support Of Reserves) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Ceded Credit Risk [Line Items]
Fixed maturity AFS securities	$ 99,736	$ 97,572	$ 103,317	$ 110,663	$ 118,711	$ 122,085	$ 122,215	$ 117,313
Trading securities	3,498	3,580	3,803	4,364	4,460	4,170	4,211	4,344
Equity securities	427	427	411	399	375	264	195	144
Mortgage loans on real estate	18,301	18,066	17,922	17,892	17,991	17,730	17,586	17,255
Derivative investments	3,594	3,455	3,167	4,573	5,697	5,075	4,730	3,482
Other investments	3,739	3,813	4,078	4,122	4,288	4,066	3,948	3,547
Cash and invested cash	3,343	1,472	1,567	1,960	2,612	2,614	2,389	1,350	$ 1,708	$ 2,563
Accrued investment income	1,253	1,283	1,226	1,247	1,189	1,297	1,254	1,301
Other assets	20,708	$ 19,991	$ 18,137	$ 18,467	18,519	$ 18,076	$ 18,125	$ 18,264
Athene Holding Ltd. [Member]
Ceded Credit Risk [Line Items]
Fixed maturity AFS securities	474				744
Trading securities	2,644				3,399
Equity securities	60				54
Mortgage loans on real estate	487				739
Derivative investments	39				93
Other investments	42				227
Cash and invested cash	26				110
Accrued investment income	35				33
Other assets	2				5
Total	3,809				5,404
Commercial [Member]
Ceded Credit Risk [Line Items]
Mortgage loans on real estate	$ 16,903				$ 17,089

Goodwill and Specifically Ide_3

Goodwill and Specifically Identifiable Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2022
Future sales volume and product mix used to forcast		10 years
Goodwill impairment		$ 634
Life Insurance Segment [Member]
Goodwill impairment	$ 634	$ 634

Goodwill and Specifically Ide_4

Goodwill and Specifically Identifiable Intangible Assets (Changes In Carrying Amount Of Goodwill, By Reportable Segment) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
Goodwill [Roll Forward]
Goodwill Gross		$ 3,932	$ 3,932
Accumulated impairment as of beginning-of-year		(2,154)	(2,154)
Acquisition accounting adjustments		1,778	1,778
Impairment		(634)
Net goodwill as of end-of-year	$ 1,144	1,144	1,778	$ 1,778	$ 1,778	$ 1,778	$ 1,778	$ 1,778
Annuities Segment [Member]
Goodwill [Roll Forward]
Goodwill Gross		1,040	1,040
Accumulated impairment as of beginning-of-year		(600)	(600)
Acquisition accounting adjustments		440	440
Net goodwill as of end-of-year		440	440
Retirement Plan Services Segment [Member]
Goodwill [Roll Forward]
Goodwill Gross		20	20
Acquisition accounting adjustments		20	20
Net goodwill as of end-of-year		20	20
Life Insurance Segment [Member]
Goodwill [Roll Forward]
Goodwill Gross		2,188	2,188
Accumulated impairment as of beginning-of-year		(1,554)	(1,554)
Acquisition accounting adjustments		634	634
Impairment	$ (634)	(634)
Net goodwill as of end-of-year			634
Group Protection Segment [Member]
Goodwill [Roll Forward]
Goodwill Gross		684	684
Acquisition accounting adjustments		684	684
Net goodwill as of end-of-year		$ 684	$ 684

Goodwill and Specifically Ide_5

Goodwill and Specifically Identifiable Intangible Assets (Schedule Of Intangible Assets By Reportable Segment) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Finite And Indefinife Lived Intangible Assets Net [Abstract]
Gross carrying amount	$ 712	$ 712
Accumulated amortization	192	155
Mutual Fund Contract Rights [Member]
Finite And Indefinife Lived Intangible Assets Net [Abstract]
Gross carrying amount	5	5
Sales Force [Member]
Finite And Indefinife Lived Intangible Assets Net [Abstract]
Gross carrying amount	100	100
Accumulated amortization	67	63
VOCRA [Member]
Finite And Indefinife Lived Intangible Assets Net [Abstract]
Gross carrying amount	576	576
Accumulated amortization	115	85
VODA [Member]
Finite And Indefinife Lived Intangible Assets Net [Abstract]
Gross carrying amount	31	31
Accumulated amortization	$ 10	$ 7

Goodwill and Specifically Ide_6

Goodwill and Specifically Identifiable Intangible Assets (Future estimated amortization of specifically identifiable intangible assets) (Details) $ in Millions	Dec. 31, 2022 USD ($)
Goodwill and Specifically Identifiable Intangible Assets [Abstract]
2023	$ 37
2024	37
2025	37
2026	37
2027	37
Thereafter	$ 330

Guaranteed Benefit Features (Na

Guaranteed Benefit Features (Narrative) (Details)	Dec. 31, 2022	Dec. 31, 2021
Guaranteed Benefit Features [Abstract]
Percent of permanent life insurance in force	40%	39%

Guaranteed Benefit Features (In

Guaranteed Benefit Features (Information On Guaranteed Death Benefit Features) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Net Amount at Risk by Product and Guarantee [Line Items]
Total account value	$ 110,581	$ 143,744
Return of Net Deposits [Member]
Net Amount at Risk by Product and Guarantee [Line Items]
Total account value	94,297	117,503
Net amount at risk	$ 1,376	$ 84
Average attained age of contract holders	67 years	67 years
Minimum Return [Member]
Net Amount at Risk by Product and Guarantee [Line Items]
Total account value	$ 71	$ 102
Net amount at risk	$ 14	$ 11
Average attained age of contract holders	79 years	79 years
Guaranteed minimum return	5%	5%
Anniversary Contract Value [Member]
Net Amount at Risk by Product and Guarantee [Line Items]
Total account value	$ 21,730	$ 28,788
Net amount at risk	$ 3,699	$ 400
Average attained age of contract holders	73 years	73 years

Guaranteed Benefit Features (Su

Guaranteed Benefit Features (Summary Of Guaranteed Death Benefit Liabilities) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Guaranteed Benefit Features [Abstract]
Balance as of beginning-of-year	$ 132	$ 121	$ 117
Changes in reserves	210	31	30
Benefits paid	(58)	(20)	(26)
Balance as of end-of-period	$ 284	$ 132	$ 121

Guaranteed Benefit Features (Ac

Guaranteed Benefit Features (Account Balances Of Variable Annuity Contracts With Guarantees Invested In Separate Accounts) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Account Balances Of Variable Annuity Contracts With Guarantees Invested In Separate Accounts [Line Items]
Total	$ 110,581	$ 143,744
Domestic Equity [Member]
Account Balances Of Variable Annuity Contracts With Guarantees Invested In Separate Accounts [Line Items]
Total	58,640	77,290
International Equity [Member]
Account Balances Of Variable Annuity Contracts With Guarantees Invested In Separate Accounts [Line Items]
Total	15,959	21,223
Fixed Income [Member]
Account Balances Of Variable Annuity Contracts With Guarantees Invested In Separate Accounts [Line Items]
Total	$ 35,982	$ 45,231

Liability For Unpaid Claims (Na

Liability For Unpaid Claims (Narrative) (Details)	Dec. 31, 2022
Minimum [Member]
Discount rate	2.50%
Maximum [Member]
Discount rate	5%

Liability For Unpaid Claims (Ch

Liability For Unpaid Claims (Changes In Liability For Unpaid Claims) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Liability For Unpaid Claims [Abstract]
Balance as of beginning-of-year	$ 6,280	$ 5,934	$ 5,552
Reinsurance recoverable	147	151	152
Net balance as of beginning-of-year	6,133	5,783	5,400
Incurred related to:
Current year	3,875	4,026	3,517
Interest	159	141	148
All other incurred	(190)	(271)	(209)
Total incurred	3,844	3,896	3,456
Paid related to:
Current year	(1,951)	(2,074)	(1,707)
Prior years	(1,638)	(1,472)	(1,366)
Total paid	(3,589)	(3,546)	(3,073)
Net balance as of end-of-period	6,388	6,133	5,783
Reinsurance recoverable	143	147	151
Balance as of end-of-period	$ 6,531	$ 6,280	$ 5,934

Short-Term and Long-Term Debt_2

Short-Term and Long-Term Debt (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Non-operating indebtedness of subsidiaries to total capitalization, maximum	7.50%
Five-year revolving credit facility [Member]
Debt Instrument [Line Items]
Maximum Issuance Of Line of Credit	$ 2,500
Minimum consolidated net worth	$ 10,000
Percentage of aggregate net proceeds of equity issuances	50%
Debt to capital ratio (low end of range)	0.35%
Debt to capital ratio (high end of range)	1%
Delaware Trust Facility [Member]
Debt Instrument [Line Items]
Facility agreement term	10 years
Pre-capitalized securities, sold by trust	$ 500
Facility fee rate	1.691%
Stockholders' equity threshold triggering required facility exercise	$ 2,750
Potential Issuance In Exchange For US Treasury Securities [Member] | Senior Notes 2.330%, Due 2030 [Member]
Debt Instrument [Line Items]
Interest rate	2.33%
Potential Issuance In Exchange For US Treasury Securities [Member] | Delaware Trust Facility [Member] | Senior Notes 2.330%, Due 2030 [Member]
Debt Instrument [Line Items]
Principal balance	$ 500
Interest rate	2.33%

Short-Term and Long-Term Debt_3

Short-Term and Long-Term Debt (Schedule Of Debt) (Details) - USD ($) $ in Millions	1 Months Ended		12 Months Ended
	Dec. 31, 2022	Oct. 31, 2022	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
Debt Instrument [Line Items]
Current maturities of long-term debt	$ 500		$ 500				$ 300
Total short-term debt	500		500	$ 500			300	$ 300	$ 300	$ 300
Total long-term debt	$ 5,955		$ 5,955	$ 5,959	$ 6,498	$ 6,561	6,325	$ 6,323	$ 6,334	$ 6,294
Fixed rate, swap	5%		5%
Debt repurchase option, Repayment as percent of principal			100%
Senior notes [Member]
Debt Instrument [Line Items]
Senior Long Term Notes	$ 4,368		$ 4,368				4,568
Subordinated Debt [Member]
Debt Instrument [Line Items]
Term loans	995		995				995
Capital Securities [Member]
Debt Instrument [Line Items]
Capital securities	218		218				218
Long-term Debt [Member]
Debt Instrument [Line Items]
Unamortized premiums (discounts)	(6)		(6)				(6)
Unamortized debt issuance costs	(34)		(34)				(35)
Unamortized adjustments from discontinued hedges	341		341				356
Fair value hedge on interest rate swap agreements	(177)		(177)				(21)
Total long-term debt	$ 5,955		$ 5,955				6,325
4.00% notes, due 2023 [Member] | Senior notes [Member]
Debt Instrument [Line Items]
Senior Long Term Notes							500
Interest rate	4%		4%
3.35% notes, due 2025 [Member] | Senior notes [Member]
Debt Instrument [Line Items]
Senior Long Term Notes	$ 300		$ 300				300
Interest rate	3.35%		3.35%
3.625% notes, due 2026 [Member] | Senior notes [Member]
Debt Instrument [Line Items]
Senior Long Term Notes	$ 400		$ 400				400
Interest rate	3.625%		3.625%
3.80% notes, due 2028 [Member] | Senior notes [Member]
Debt Instrument [Line Items]
Senior Long Term Notes	$ 500		$ 500				500
Interest rate	3.80%		3.80%
3.05% notes, due 2030 [Member] | Senior notes [Member]
Debt Instrument [Line Items]
Senior Long Term Notes	$ 500		$ 500				500
Interest rate	3.05%		3.05%
3.40% notes, due 2031 [Member] | Senior notes [Member]
Debt Instrument [Line Items]
Senior Long Term Notes	$ 500		$ 500				500
Interest rate	3.40%		3.40%
3.40% notes, due 2032 [Member] | Senior notes [Member]
Debt Instrument [Line Items]
Senior Long Term Notes	$ 300		$ 300
Interest rate	3.40%		3.40%
6.15% notes, due 2036 [Member] | Senior notes [Member]
Debt Instrument [Line Items]
Senior Long Term Notes	$ 243		$ 243				243
Interest rate	6.15%		6.15%
6.30% notes, due 2037 [Member] | Senior notes [Member]
Debt Instrument [Line Items]
Senior Long Term Notes	$ 375		$ 375				375
Interest rate	6.30%		6.30%
7.00% notes, due 2040 [Member] | Senior notes [Member]
Debt Instrument [Line Items]
Senior Long Term Notes	$ 500		$ 500				500
Interest rate	7%		7%
4.35% notes, due 2048 [Member] | Senior notes [Member]
Debt Instrument [Line Items]
Senior Long Term Notes	$ 450		$ 450				450
Interest rate	4.35%		4.35%
4.375% notes, due 2050 [Member] | Senior notes [Member]
Debt Instrument [Line Items]
Senior Long Term Notes	$ 300		$ 300				300
Interest rate	4.375%		4.375%
LIBOR + 87.5 bps loan, due 2024 [Member] | Term Loans [Member]
Debt Instrument [Line Items]
Term loans	$ 250		$ 250				250
Variable rate	112.50%	87.50%	20.24%
LIBOR +236 bps, due 2066 [Member] | Subordinated Debt [Member]
Debt Instrument [Line Items]
Term loans	$ 562		$ 562				562
Variable rate			2.36%
LIBOR +236 bps, due 2066 [Member] | Capital Securities [Member]
Debt Instrument [Line Items]
Capital securities	160		$ 160				160
Variable rate			2.36%
LIBOR +204 bps, due 2067 [Member] | Subordinated Debt [Member]
Debt Instrument [Line Items]
Term loans	433		$ 433				433
Variable rate			2.04%
LIBOR +204 bps, due 2067 [Member] | Capital Securities [Member]
Debt Instrument [Line Items]
Capital securities	$ 58		$ 58				$ 58
Variable rate			2.04%

Short-Term and Long-Term Debt_4

Short-Term and Long-Term Debt (Schedule of Extinguishment of Debt) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2021	Dec. 31, 2020
Details underlying the recognition of gain or loss on extinguishment of debt [Abstract]
Principal balance outstanding prior to payoff		$ 995	$ 796
Unamortized debt issuance costs and discounts			(2)
Amount paid to retire debt		(1,003)	(809)
Gain (loss) on early extinguishment of debt, pre-tax		$ (8)	$ (15)
4.85% Notes, Due 2021 [Member]
Details underlying the recognition of gain or loss on extinguishment of debt [Abstract]
Principal balance outstanding prior to payoff	$ 296
Interest rate	4.85%
LIBOR + 150 bps Term Loan Issued, Due 2022 [Member]
Details underlying the recognition of gain or loss on extinguishment of debt [Abstract]
Principal balance outstanding prior to payoff	$ 500
Variable rate	1.50%

Short-Term and Long-Term Debt_5

Short-Term and Long-Term Debt (Future Principal Payments) (Details) $ in Millions	Dec. 31, 2022 USD ($)
Future principal payments due on long-term debt [Abstract]
2023	$ 500
2024	250
2025	300
2026	400
Thereafter	4,881
Total	$ 6,331

Short-Term and Long-Term Debt_6

Short-Term and Long-Term Debt (Credit Facilities and Letters of Credit) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Line of Credit Facility [Line Items]
Maximum Available	$ 4,370
LOCs issued	$ 3,480
Five-year revolving credit facility [Member]
Line of Credit Facility [Line Items]
Expiration Date	Jun. 19, 2026
Maximum Available	$ 2,500
LOCs issued	$ 1,641
LOC facility due August 2031 [Member]
Line of Credit Facility [Line Items]
Expiration Date	Aug. 26, 2031
Maximum Available	$ 979
LOCs issued	$ 948
LOC facility due October 2031 [Member]
Line of Credit Facility [Line Items]
Expiration Date	Oct. 01, 2031
Maximum Available	$ 891
LOCs issued	$ 891

Contingencies And Commitments_2

Contingencies And Commitments (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Loss Contingencies [Line Items]
Loss contingency, estimate	$ 190
Operating lease ROU asset	$ 140	$ 147
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Total Assets	Total Assets
Operating lease liability	$ 152	$ 157
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Liabilities	Liabilities
Weighted average discount rate, operating lease	3.30%	2.60%
Weighted average remaining operating lease term	5 years
Operating lease expense	$ 45	$ 49	$ 50
Finance lease, net book value	$ 14	$ 37
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Total Assets	Total Assets
Finance Lease, Liability	$ 106	$ 175
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Liabilities	Liabilities
Finance Lease, Right-of-Use Asset, Accumulated Amortization	$ 458	$ 436
Weighted average discount rate, finance lease	2.90%	1.40%
Weighted average remaining finance lease term	1 year
Present value of minimum lease payments	$ 106	$ 175
Payables for Congressionally Mandated Assessments	2	6
Other Liabilities [Member]
Loss Contingencies [Line Items]
Finance Lease, Liability	558	375
Present value of minimum lease payments	$ 558	$ 375

Contingencies And Commitments_3

Contingencies And Commitments (Finance Lease Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Contingencies And Commitments [Abstract]
Amortization of ROU assets	$ 23	$ 38	$ 53
Interest on lease liabilities	4	3	6
Total	$ 27	$ 41	$ 59

Contingencies And Commitments_4

Contingencies And Commitments (Cash Flow Information Related To Leases) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Contingencies And Commitments [Abstract]
Operating cash flows from operating leases	$ 47	$ 47	$ 54
Financing cash flows from finance leases	74	62	53
Operating leases	$ 23	$ 8	$ 10

Contingencies And Commitments_5

Contingencies And Commitments (Future Minimum Lease Payments) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Operating Leases
2023	$ 44
2024	42
2025	38
2026	34
2027	18
Thereafter	15
Total future minimum lease payments	191
Less: Amount representing interest	39
Present value of minimum lease payments	152	$ 157
Finance Leases
2023	82
2024	18
2025	7
2026	4
Total future minimum lease payments	111
Less: Amount representing interest	5
Present value of minimum lease payments	106	$ 175
Sale-Leaseback Arrangements [Member]
Finance Leases
2023	43
2024	95
2025	127
2026	175
2027	191
Total future minimum lease payments	631
Less: Amount representing interest	73
Present value of minimum lease payments	$ 558

Shares and Stockholders' Equi_3

Shares and Stockholders' Equity (Narrative) (Details) - USD ($)	1 Months Ended	12 Months Ended
	Nov. 30, 2022	Dec. 31, 2022
Deferred compensation plan mark to market adjustment		$ 13,000,000
Preferred stock shares issued		40,000
Issuance of preferred stock, net of issuance costs		$ 986,000,000
9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C [Member]
Preferred stock shares issued		20,000
Liquidation preference, value	$ 25,000
Preferred stock, liquidation preference, shares	20,000
Percent of non cumulative preferred stock	9.25%
Issuance of preferred stock, net of issuance costs	$ 493,000,000
Dividend rate	5.318%
9.000% Non-Cumulative Preferred Stock, Series D [Member]
Preferred stock shares issued		20,000
Series C Preferred Stock Depositary Shares [Member]
Liquidation preference, value	$ 25,500
Depositary shares, value	$ 1,020
Series C Preferred Stock Depositary Shares [Member] | 9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C [Member]
Preferred stock shares issued	500,000
Liquidation preference, value		$ 25,000
Preferred stock, redemption percentage	102%
Depositary shares, value		1,000
Series D Depositary Shares [Member] | 9.000% Non-Cumulative Preferred Stock, Series D [Member]
Preferred stock shares issued	20,000,000
Liquidation preference, value	$ 25,000
Preferred stock, liquidation preference, shares	20,000
Percent of non cumulative preferred stock	9%
Issuance of preferred stock, net of issuance costs	$ 493,000,000
Preferred stock, redemption percentage	102%
Depositary shares, value	$ 25,500	$ 25,000
Preferred stock, redemption price per share	$ 25.50	$ 25

Shares and Stockholders' Equi_4

Shares and Stockholders' Equity (Schedule of Preferred Share Authorized, Issued and Outstanding) (Number Of Shares)) (Details) - shares	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
Shares authorized	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000
Preferred stock shares issued	40,000
Preferred stock shares outstanding	40,000
9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C [Member]
Shares authorized	20,000
Preferred stock shares issued	20,000
Preferred stock shares outstanding	20,000
9.000% Non-Cumulative Preferred Stock, Series D [Member]
Shares authorized	20,000
Preferred stock shares issued	20,000
Preferred stock shares outstanding	20,000
Preferred Stock, Non Designated [Member]
Shares authorized	9,960,000				10,000,000

Shares and Stockholders' Equi_5

Shares and Stockholders' Equity (Changes In Common stock (Number Of Shares)) (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Changes In Common Stock (Number Of Shares) [Line Items]
Balance as of end-of-period	40,000
Balance as of beginning-of-year	177,193,515
Balance as of end-of-year	169,220,511	177,193,515
Common Stock [Member]
Changes In Common Stock (Number Of Shares) [Line Items]
Balance as of beginning-of-year	177,193,515	192,329,691	196,668,532
Stock compensation/issued for benefit plans	692,491	1,106,572	547,209
Retirement/cancellation of shares	(8,665,495)	(16,242,748)	(4,886,050)
Balance as of end-of-year	169,220,511	177,193,515	192,329,691
Common stock as of End-of-Year
Basic basis	169,220,511	177,193,515	192,329,691
Diluted basis	170,483,323	179,229,110	193,672,296

Shares And Stockholders' Equi_6

Shares And Stockholders' Equity (Reconciliation Of The Denominator Calculations Of Basic And Diluted EPS) (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of the denominator (number of shares) in the calculations of basic and diluted earnings (loss) per common share
Weighted-average shares, as used in basic calculation	171,034,695	187,359,884	193,610,225
Shares to cover non-vested stock	968,005	1,357,245	687,240
Average stock options outstanding during the period	989,123	1,844,117	746,742
Assumed acquisition of shares with assumed proceeds and benefits from exercising stock options (at average market price for the period)	(783,232)	(1,419,165)	(576,582)
Shares repurchasable from measured but unrecognized stock option expense	(21,006)	(43,314)	(2,445)
Average deferred compensation shares	512,570
Weighted-average shares, as used in diluted calculation	172,700,155	189,098,767	194,465,180

Shares And Stockholders' Equi_7

Shares And Stockholders' Equity (Components And Changes In Accumulated OCI) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Unrealized Gain (Loss) on AFS Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of beginning-of-year	$ 6,777	$ 9,611	$ 5,983
Change in DAC, VOBA, DSI and DFEL	7,369	1,815	(3,569)
Income tax benefit (expense)	3,955	641	(970)
Less:
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	(15)	626	(53)
Associated amortization of DAC, VOBA, DSI, and DFEL	(12)	(24)	32
Income tax benefit (expense)	6	(126)	4
Balance as of end-of-period	(7,752)	6,777	9,611
Unrealized Gain (Loss) on AFS Securities [Member] | Gains (Losses) Arising During The Year [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications and taxes	(25,552)	(4,669)	7,925
Unrealized Gain (Loss) on AFS Securities [Member] | Change in Foreign Currency Exchange Rate Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications and taxes	(322)	(145)	180
Unrealized OTTI on AFS Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of beginning-of-year			45
Unrealized Gain (Loss) on Derivative Instruments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of beginning-of-year	(103)	(402)	(11)
Change in DAC, VOBA, DSI and DFEL	27	8	(17)
Income tax benefit (expense)	(150)	(87)	94
Less:
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	92	26	48
Associated amortization of DAC, VOBA, DSI, and DFEL	(6)	(1)	(1)
Income tax benefit (expense)	(18)	(5)	(10)
Balance as of end-of-period	396	(103)	(402)
Unrealized Gain (Loss) on Derivative Instruments [Member] | Gains (Losses) Arising During The Year [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications and taxes	378	246	(257)
Unrealized Gain (Loss) on Derivative Instruments [Member] | Change in Foreign Currency Exchange Rate Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications and taxes	312	152	(174)
Foreign Currency Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of beginning-of-year	(14)	(12)	(17)
Less:
Balance as of end-of-period	(34)	(14)	(12)
Foreign Currency Translation Adjustment [Member] | Change in Foreign Currency Exchange Rate Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications and taxes	(20)	(2)	5
Funded Status of Employee Benefit Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of beginning-of-year	(219)	(266)	(327)
Less:
Income tax benefit (expense)	15	(9)	(13)
Balance as of end-of-period	(278)	(219)	(266)
Funded Status of Employee Benefit Plans [Member] | Gains (Losses) Arising During The Year [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications and taxes	$ (74)	$ 56	74
Cumulative Effect, Period of Adoption, Adjustment [Member] | Unrealized Gain (Loss) on AFS Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of beginning-of-year			45
Cumulative Effect, Period of Adoption, Adjustment [Member] | Unrealized OTTI on AFS Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of beginning-of-year			$ (45)

Shares And Stockholders' Equi_8

Shares And Stockholders' Equity (Schedule of Reclassifications Out Of AOCI) (Details) - USD ($) $ in Millions	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total realized gain (loss)	$ (407)	$ 212	$ 515	$ 25	$ 514	$ 79	$ 1	$ (180)	$ 540	$ (179)	$ 752	$ (100)	$ 345	$ 414	$ (513)
Net investment income	1,411	1,295	1,398	1,411	1,444	1,575	1,583	1,509					5,515	6,111	5,510
Interest and debt expense	(78)	(71)	(68)	(66)	(67)	(73)	(65)	(65)					(283)	(270)	(284)
Commissions and other expenses	(1,382)	(1,355)	(1,123)	(1,235)	(1,330)	(1,908)	(1,325)	(1,231)					(5,096)	(5,794)	(5,064)
Income (loss) from continuing operations before taxes	(16)	(3,148)	257	77	854	366	776	254					(2,830)	2,249	423
Income tax benefit (expense)	37	565	(29)	15	(146)	(50)	(131)	(35)					589	(362)	76
Net income (loss)	$ 21	$ (2,583)	$ 228	$ 92	$ 708	$ 316	$ 645	$ 219	$ 319	$ 864	$ (2,264)	$ 1,180	(2,241)	1,887	499
Reclassification out of Accumulated Other Comprehensive Income [Member] | Unrealized Gain (Loss) on AFS Securities [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total realized gain (loss)													(15)	626	(53)
Income (loss) from continuing operations before taxes													(27)	602	(21)
Income tax benefit (expense)													6	(126)	4
Net income (loss)													(21)	476	(17)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Unrealized Gain (Loss) on AFS Securities [Member] | Associated amortization of DAC, VOBA, DSI and DFEL [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total realized gain (loss)													(12)	(24)	32
Reclassification out of Accumulated Other Comprehensive Income [Member] | Unrealized Gain (Loss) on Derivative Instruments [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Nonoperating income expense													92	26	48
Income (loss) from continuing operations before taxes													86	25	47
Income tax benefit (expense)													(18)	(5)	(10)
Net income (loss)													68	20	37
Reclassification out of Accumulated Other Comprehensive Income [Member] | Unrealized Gain (Loss) on Derivative Instruments [Member] | Interest Rate Contracts [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net investment income													2	3	2
Interest and debt expense													(11)	(23)	(16)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Unrealized Gain (Loss) on Derivative Instruments [Member] | Foreign currency contracts [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total realized gain (loss)													39	(2)	6
Net investment income													62	48	56
Reclassification out of Accumulated Other Comprehensive Income [Member] | Unrealized Gain (Loss) on Derivative Instruments [Member] | Associated amortization of DAC, VOBA, DSI and DFEL [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Commissions and other expenses													$ (6)	$ (1)	$ (1)

Realized Gain (Loss) (Schedule

Realized Gain (Loss) (Schedule Of Realized Gain (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Realized gain (loss) related to certain investments
AFS securities. Gross gains													$ 38	$ 663	$ 31
AFS securities. Gross losses													(53)	(37)	(84)
Credit loss benefit (expense)													(15)	(11)	(26)
Realized gain (loss) on equity securities													15	44	8
Other gain (loss) on investments													(35)		(7)
Associated amortization of DAC, VOBA, DSI and DFEL and changes in other contract holder funds													(18)	(25)	31
Total realized gain (loss) related to certain financial assets													(160)	811	(138)
Realized gain (loss) on the mark-to-market on certain instruments													37	63	26
Indexed annuity and IUL contracts net derivatives results:
Gross gain (loss)													74	22	37
Associated amortization of DAC, VOBA, DSI, and DFEL													(56)	4	(25)
Variable annuity net derivatives results:
Gross gain (loss)													526	(513)	(367)
Associated amortization of DAC, VOBA, DSI, and DFEL													(39)	90	(20)
Total realized gain (loss)	$ (407)	$ 212	$ 515	$ 25	$ 514	$ 79	$ 1	$ (180)	$ 540	$ (179)	$ 752	$ (100)	345	414	(513)
Mortgage Loans On Real Estate [Member]
Realized gain (loss) related to certain investments
Credit loss benefit (expense)													(3)	112	(117)
Realized gain (loss) on the mark-to-market on certain instruments													(24)	3	(24)
Reinsurance Related Assets [Member]
Realized gain (loss) related to certain investments
Credit loss benefit (expense)													(126)	2
Equity Securities [Member]
Realized gain (loss) related to certain investments
Realized gain (loss) on equity securities													$ 10	$ 47	$ 8

Commissions and Other Expense_2

Commissions and Other Expenses (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Details underlying commissions and other expenses [Abstract]
Commissions									$ 2,190	$ 2,223	$ 2,183
General and administrative expenses									2,241	2,251	2,072
Expenses associated with reserve financing and unrelated LOCs									108	102	94
DAC and VOBA deferrals and interest, net of amortization									(358)	258	(156)
Broker-dealer expenses									536	570	493
Specifically identifiable intangible asset amortization									37	37	37
Taxes, licenses and fees									342	339	321
Acquisition and integration costs related to mergers and acquisitions										14	20
Total	$ 1,382	$ 1,355	$ 1,123	$ 1,235	$ 1,330	$ 1,908	$ 1,325	$ 1,231	$ 5,096	$ 5,794	$ 5,064

Retirement and Deferred Compe_3

Retirement and Deferred Compensation Plans (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Retirement and Deferred Compensation Plans [Abstract]
Net periodic benefit expense (recovery)	$ (41)	$ (41)	$ (11)
Expected benefit payments in the next fiscal year	100
Defined contribution plans expense	102	107	100
Deferred compensation plans expense	$ (4)	$ 32	$ 35

Retirement and Deferred Compe_4

Retirement and Deferred Compensation Plans (Benefit Plans' Assets and Obligations) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 1,197	$ 1,734
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,126	1,667
Projected benefit obligation	1,126	1,595
Funded status		72
Amounts Recognized on the Consolidated Balance Sheets
Other assets	91	182
Other liabilities	$ (91)	(110)
Net amount recognized		$ 72
Weighted-Average Assumptions, Benefit obligations:
Weighted-average discount rate	5.49%	2.76%
Weighted-Average Assumptions, Net periodic benefit cost:
Weighted-average discount rate	2.81%	2.61%
Expected return on plan assets	5.67%	6.13%
Other Postretirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 71	$ 67
Projected benefit obligation	44	79
Funded status	27	(12)
Amounts Recognized on the Consolidated Balance Sheets
Other assets	27
Other liabilities		(12)
Net amount recognized	$ 27	$ (12)
Weighted-Average Assumptions, Benefit obligations:
Weighted-average discount rate	5.70%	3.10%
Weighted-Average Assumptions, Net periodic benefit cost:
Weighted-average discount rate	3.73%	2.96%
Expected return on plan assets	6.50%	6.50%

Retirement and Deferred Compe_5

Retirement and Deferred Compensation Plans (Fair Value of Benefit Plan Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Fair Value of Benefit Plans' Assets [Abstract]
Fair value of plan assets	$ 1,197	$ 1,734
Corporate Bonds [Member]
Fair Value of Benefit Plans' Assets [Abstract]
Fair value of plan assets	292	452
U.S. Government Bonds [Member]
Fair Value of Benefit Plans' Assets [Abstract]
Fair value of plan assets	196	228
Foreign Government Bonds [Member]
Fair Value of Benefit Plans' Assets [Abstract]
Fair value of plan assets	128	191
State And Municipal Bonds [Member]
Fair Value of Benefit Plans' Assets [Abstract]
Fair value of plan assets	22	28
Limited Partnerships And Common And Preferred Stock [Member]
Fair Value of Benefit Plans' Assets [Abstract]
Fair value of plan assets	353	527
Bulk Annuity Insurance Policy [Member]
Fair Value of Benefit Plans' Assets [Abstract]
Fair value of plan assets	89	150
Invested Cash [Member]
Fair Value of Benefit Plans' Assets [Abstract]
Fair value of plan assets	46	91
Other Investments [Member]
Fair Value of Benefit Plans' Assets [Abstract]
Fair value of plan assets	$ 71	$ 67

Retirement and Deferred Compe_6

Retirement and Deferred Compensation Plans (Deferred Compensation Plans Liabilities and Investment) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Retirement and Deferred Compensation Plans [Abstract]
Total liabilities	$ 686	$ 841
Investments dedicated to fund liabilities	$ 206	$ 254

Stock-Based Incentive Compens_3

Stock-Based Incentive Compensation Plans (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Stock options with performance conditions [Member]
Narrative [Abstract]
Contractual term	5 years
Vesting period (in years)	2 years
Total fair value of options vested	$ 1	$ 1	$ 1
Total intrinsic value of options exercised	$ 1	1	1
Stock options with service conditions [Member]
Narrative [Abstract]
Contractual term	10 years
Vesting period (in years)	3 years
Total fair value of options vested	$ 8	8	8
Total intrinsic value of options exercised	$ 1	$ 15	$ 3

Stock-Based Incentive Compens_4

Stock-Based Incentive Compensation Plans (Compensation Expense By Award Type) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based compensation arrangement by share-based payment award [Line Items]
Compensation expense	$ 51	$ 61	$ 51
Recognized tax benefit	11	13	11
Stock Options [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Compensation expense	6	8	10
Performance Shares [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Compensation expense	10	18	5
RSUs [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Compensation expense	$ 35	$ 35	$ 36

Stock-Based Incentive Compens_5

Stock-Based Incentive Compensation Plans (Total unrecognized compensation expense for all stock-based incentive compensation plans) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based compensation arrangement by share-based payment award [Line Items]
Expense	$ 85	$ 65	$ 59
Stock Options [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Expense	$ 11	$ 8	$ 8
Weighted average period (in years)	9 months 18 days	8 months 12 days	8 months 12 days
Performance Shares [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Expense	$ 19	$ 14	$ 14
Weighted average period (in years)	1 year 2 months 12 days	1 year 2 months 12 days	1 year 3 months 18 days
RSUs [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Expense	$ 55	$ 43	$ 37
Weighted average period (in years)	1 year 4 months 24 days	1 year 4 months 24 days	1 year 2 months 12 days

Stock-Based Incentive Compens_6

Stock-Based Incentive Compensation Plans (Option price assumptions used for stock option incentive plans) (Details) - Stock Options [Member] - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Assumptions:
Weighted-average fair value per option granted (in dollars per share)	$ 18.13	$ 17.26	$ 12.25
Dividend yield	3.20%	3%	3%
Expected volatility	44.40%	45%	30.10%
Risk-free interest rate, minimum	1.90%	0.60%	0.30%
Risk-free interest rate, maximum	3.80%	1%	1.40%
Expected life (in years)	5 years 9 months 18 days	5 years 9 months 18 days	5 years 9 months 18 days

Stock Based Incentive Compensat

Stock Based Incentive Compensation Plans (Summary of activity for stock options with service conditions) (Details) - Stock options with service conditions [Member]	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Shares
Outstanding as of beginning of year (in shares) | shares	3,011,536
Granted - original (in shares) | shares	593,609
Exercised (includes shares tendered) (in shares) | shares	(38,374)
Forfeited or expired (in shares) | shares	(170,232)
Outstanding as of end of year (in shares) | shares	3,396,539
Vested or expected to vest as of end of year (in shares) | shares	3,238,301
Exercisable as of end of year (in shares) | shares	2,476,028
Summary of activity for stock options, additional disclosures [Abstract]
Weighted average exercise price as of beginning of year (in dollars per share) | $ / shares	$ 59.23
Weighted average exercise price granted - original (in dollars per share) | $ / shares	55.10
Weighted average exercise price exercised (includes shares tendered) (in dollars per share) | $ / shares	54.76
Weighted average exercise price forfeited or expired (in dollars per share) | $ / shares	63.19
Weighted average exercise price outstanding as of end of year (in dollars per share) | $ / shares	58.36
Weighted average exercise price vested or expected to vest as of end of year (in dollars per share) | $ / shares	58.49
Weighted average exercise price exercisable as of end of year (in dollars per share) | $ / shares	$ 59.47
Weighted average remaining contractual term outstanding as of end of year (in years)	6 years 1 month 2 days
Weighted average remaining contractual term vested or expected to vest as of end of year (in years)	5 years 11 months 19 days
Weighted average remaining contractual term exercisable as of end of year (in years)	5 years 18 days

Stock Based Incentive Compens_2

Stock Based Incentive Compensation Plans (Summary of activity for stock options with performance conditions) (Details) - Stock options with performance conditions [Member]	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Shares
Outstanding as of beginning of year (in shares) | shares	166,278
Granted - original (in shares) | shares	33,435
Exercised (includes shares tendered) (in shares) | shares	(29,931)
Forfeited or expired (in shares) | shares	(48,385)
Outstanding as of end of year (in shares) | shares	121,397
Vested or expected to vest as of end of year (in shares) | shares	114,310
Exercisable as of end of year (in shares) | shares	97,773
Summary of activity for stock options, additional disclosures [Abstract]
Weighted average exercise price as of beginning of year (in dollars per share) | $ / shares	$ 58.88
Weighted average exercise price granted - original (in dollars per share) | $ / shares	60.58
Weighted average exercise price exercised (includes shares tendered) (in dollars per share) | $ / shares	63.59
Weighted average exercise price forfeited or expired (in dollars per share) | $ / shares	60.49
Weighted average exercise price outstanding as of end of year (in dollars per share) | $ / shares	57.55
Weighted average exercise price vested or expected to vest as of end of year (in dollars per share) | $ / shares	57.34
Weighted average exercise price exercisable as of end of year (in dollars per share) | $ / shares	$ 56.72
Weighted average remaining contractual term outstanding as of end of year (in years)	2 years 4 months 9 days
Weighted average remaining contractual term vested or expected to vest as of end of year (in years)	2 years 3 months 3 days
Weighted average remaining contractual term exercisable as of end of year (in years)	1 year 11 months 26 days

Stock-Based Incentive Compens_7

Stock-Based Incentive Compensation Plans (Summary of activity for performance shares) (Details) - Performance Shares [Member]	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Shares:
Outstanding as of beginning of year (in shares) | shares	630,670
Granted (in shares) | shares	374,128
Vested (in shares) | shares	(185,194)
Forfeited (in shares) | shares	(72,756)
Performance Adjustment | shares	20,580
Outstanding as of end of year (in shares) | shares	767,428
Weighted-Average Grant Date Fair Value
Weighted-average grant date fair value, outstanding as of beginning of year (in dollars per share) | $ / shares	$ 63.16
Weighted-average grant date fair value, granted (in dollars per share) | $ / shares	69.37
Weighted-average grant date fair value, vested (in dollars per share) | $ / shares	66.89
Weighted-average grant date fair value, forfeited (in dollars per share) | $ / shares	69.97
Weighted-average grant date fair value, performance adjustment (in dollars per share) | $ / shares	66.89
Weighted-average grant date fair value, outstanding as of end of year (in dollars per share) | $ / shares	$ 64.61

Stock-Based Incentive Compens_8

Stock-Based Incentive Compensation Plans (Summary of activity for restricted stock units) (Details) - Restricted Stock Units [Member]	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Shares:
Outstanding as of beginning of year (in shares) | shares	1,870,556
Granted (in shares) | shares	938,181
Vested (in shares) | shares	(713,247)
Forfeited (in shares) | shares	(156,341)
Outstanding as of end of year (in shares) | shares	1,939,149
Weighted-Average Grant Date Fair Value
Weighted-average grant date fair value, outstanding as of beginning of year (in dollars per share) | $ / shares	$ 59.78
Weighted-average grant date fair value, granted (in dollars per share) | $ / shares	65.53
Weighted-average grant date fair value, vested (in dollars per share) | $ / shares	62.53
Weighted-average grant date fair value, forfeited (in dollars per share) | $ / shares	62.27
Weighted-average grant date fair value, outstanding as of end of year (in dollars per share) | $ / shares	$ 61.26

Statutory Information and Res_3

Statutory Information and Restrictions (Narrative) (Details) $ in Billions	Dec. 31, 2022 USD ($)
Statutory Information and Restrictions [Abstract]
RBC Ratio Company Action Level Low End	75%
RBC Ratio Company Action Level High End	100%
Indiana Statutory Limitation As A Percentage of The Insurer Contract Holder Surplus	10%
New York Statutory Limitation As A Percentage of The Insurer Contract Holder Surplus	10%
Amount of dividends that could be paid in the next year without prior approval	$ 1.7

Statutory Information and Res_4

Statutory Information and Restrictions (Statutory Capital and Surplus) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Statutory Information and Restrictions [Abstract]
U.S. capital and surplus	$ 8,624	$ 8,773

Statutory Information and Res_5

Statutory Information and Restrictions (Net Gain Loss From Operations, Net Income Loss, Dividends to LNC Holding Company) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statutory Information and Restrictions [Abstract]
U.S. net gain (loss) from operations, after-tax	$ 1,730	$ (1,262)	$ (271)
U.S. net income (loss)	1,991	(547)	29
U.S. dividends to LNC holding company	$ 667	$ 1,955	$ 660

Statutory Information and Res_6

Statutory Information and Restrictions (Effects on statutory surplus compared to NAIC statutory surplus) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Calculation of reserves using the Indiana universal life method [Member]
Statutory Accounting Practices [Line Items]
Effects on statutory surplus compared to NAIC statutory surplus from the use of prescribed and permitted practices	$ 3	$ 6
Conservative valuation rate on certain variable annuities [Member]
Statutory Accounting Practices [Line Items]
Effects on statutory surplus compared to NAIC statutory surplus from the use of prescribed and permitted practices	(36)	(40)
Calculation of reserves using continuous CARVM [Member]
Statutory Accounting Practices [Line Items]
Effects on statutory surplus compared to NAIC statutory surplus from the use of prescribed and permitted practices	(1)
Conservative Reg 213 reserves on VA contracts [Member]
Statutory Accounting Practices [Line Items]
Effects on statutory surplus compared to NAIC statutory surplus from the use of prescribed and permitted practices	(37)	(27)
Derivative instruments and equity indexed reserves [Member]
Statutory Accounting Practices [Line Items]
Effects on statutory surplus compared to NAIC statutory surplus from the use of prescribed and permitted practices	14	(113)
Assets in Group fixed Annuity Contracts Held at General Account Values [Member]
Statutory Accounting Practices [Line Items]
Effects on statutory surplus compared to NAIC statutory surplus from the use of prescribed and permitted practices	436
Lesser of LOC and XXX additional reserve as surplus [Member]
Statutory Accounting Practices [Line Items]
Effects on statutory surplus compared to NAIC statutory surplus from the use of prescribed and permitted practices	1,838	1,847
LLC Notes And Variable Value Surplus Notes [Member]
Statutory Accounting Practices [Line Items]
Effects on statutory surplus compared to NAIC statutory surplus from the use of prescribed and permitted practices	1,547	1,616
Excess Of Loss Reinsurance Treaties [Member]
Statutory Accounting Practices [Line Items]
Effects on statutory surplus compared to NAIC statutory surplus from the use of prescribed and permitted practices	$ 549	$ 493

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	$ 260,422	$ 321,952
Liabilities measured at fair value	8,219	11,306
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Liabilities measured at fair value	$ 0	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments (Carrying and Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
Assets
Fixed maturity AFS securities	$ 99,736	$ 97,572	$ 103,317	$ 110,663	$ 118,711	$ 122,085	$ 122,215	$ 117,313
Trading securities	3,498	3,580	3,803	4,364	4,460	4,170	4,211	4,344
Equity securities	427	427	411	399	375	264	195	144
Mortgage loans on real estate	18,301	18,066	17,922	17,892	17,991	17,730	17,586	17,255
Derivative investments	3,594	3,455	3,167	4,573	5,697	5,075	4,730	3,482
Other investments	3,739	$ 3,813	$ 4,078	$ 4,122	4,288	$ 4,066	$ 3,948	$ 3,547
Other contract holder funds:
Benefit Plans' Assets	1,197				1,734
Carrying Value [Member]
Assets
Trading securities	3,498				4,460
Equity securities	427				375
Mortgage loans on real estate	18,301				17,991
Derivative investments	3,594				5,697
Other investments	3,739				4,279
Cash and invested cash	3,343				2,612
Reinsurance related embedded derivatives	416
Other assets - GLB embedded derivatives	1,697				1,967
Other assets - GLB ceded embedded derivatives	29				56
Indexed annuity ceded embedded derivatives	525				528
Reinsurance related embedded derivatives	416
Separate account assets	143,536				182,583
Other contract holder funds:
Remaining guaranteed interest and similar contracts	(1,686)				(1,788)
Account values of certain investment contracts	(43,573)				(41,194)
Short-term debt	(500)				(300)
Long-term debt	(5,955)				(6,325)
Reinsurance related embedded derivatives					(206)
Fair Value [Member]
Assets
Trading securities	3,498				4,460
Equity securities	427				375
Mortgage loans on real estate	16,553				18,700
Derivative investments	3,594				5,697
Other investments	3,739				4,279
Cash and invested cash	3,343				2,612
Reinsurance related embedded derivatives	416
Other assets - GLB embedded derivatives	1,697				1,967
Other assets - GLB ceded embedded derivatives	29				56
Indexed annuity ceded embedded derivatives	525				528
Reinsurance related embedded derivatives	416
Separate account assets	143,536				182,583
Other contract holder funds:
Remaining guaranteed interest and similar contracts	(1,686)				(1,788)
Account values of certain investment contracts	(34,268)				(47,862)
Short-term debt	(496)				(302)
Long-term debt	(5,005)				(6,707)
Reinsurance related embedded derivatives					(206)
Fixed Maturity AFS Securities [Member] | Carrying Value [Member]
Assets
Fixed maturity AFS securities	99,736				118,711
Fixed Maturity AFS Securities [Member] | Fair Value [Member]
Assets
Fixed maturity AFS securities	99,736				118,711
Future Contract Benefits [Member] | Carrying Value [Member]
Future contract benefits:
Indexed annuity and IUL contracts embedded derivatives	(4,783)				(6,131)
Future Contract Benefits [Member] | Fair Value [Member]
Future contract benefits:
Indexed annuity and IUL contracts embedded derivatives	(4,783)				(6,131)
Other Liabilities [Member] | Carrying Value [Member]
Other contract holder funds:
Other liabilities - derivative liabilities	$ (210)				$ (709)
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities				Other liabilities
Other Liabilities [Member] | Fair Value [Member]
Other contract holder funds:
Other liabilities - derivative liabilities	$ (210)				$ (709)
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities				Other liabilities
Other Liabilities [Member] | GLB Ceded Embedded Derivatives [Member] | Carrying Value [Member]
Other contract holder funds:
Other liabilities - GLB embedded derivatives	$ (167)				$ (182)
Other Liabilities [Member] | GLB Ceded Embedded Derivatives [Member] | Fair Value [Member]
Other contract holder funds:
Other liabilities - GLB embedded derivatives	$ (167)				$ (182)

Fair Value Of Financial Instr_5

Fair Value Of Financial Instruments (Schedule of Mortgage Loans With Election Of Fair Value Option) (Details) - USD ($)	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value	$ 487,000,000	$ 495,000,000	$ 528,000,000	$ 537,000,000	$ 739,000,000	$ 792,000,000	$ 818,000,000	$ 874,000,000
Commercial [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value	487,000,000				739,000,000
Aggregate contractual principal	514,000,000				742,000,000
Loans with fair value option in non-accrual	0				0
Loans with fair value option, 90 days past due and still accruing	$ 0				$ 0

Fair Value of Financial Instr_6

Fair Value of Financial Instruments (Fair Value of Assets and Liabilities on a Recurring Basis) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	$ 260,422	$ 321,952
Liabilities measured at fair value	(8,219)	(11,306)
Other Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities measured at fair value	(167)
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	812	1,167
Significant Observable Inputs (Level 2) [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	252,036	309,695
Liabilities measured at fair value	(2,666)	(4,865)
Significant Unobservable Inputs (Level 3) [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	7,574	11,090
Liabilities measured at fair value	(5,553)	(6,441)
Significant Unobservable Inputs (Level 3) [Member] | Other Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities measured at fair value	(167)
Corporate Bonds [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	79,023	98,120
Corporate Bonds [Member] | Significant Observable Inputs (Level 2) [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	76,728	92,400
Corporate Bonds [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	2,295	5,720
ABS [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	10,904	8,512
ABS [Member] | Significant Observable Inputs (Level 2) [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	9,787	7,642
ABS [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	1,117	870
U.S. Government Bonds [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	379	433
U.S. Government Bonds [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	359	428
U.S. Government Bonds [Member] | Significant Observable Inputs (Level 2) [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	20	5
Foreign Government Bonds [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	318	432
Foreign Government Bonds [Member] | Significant Observable Inputs (Level 2) [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	318	391
Foreign Government Bonds [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value		41
RMBS [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	2,009	2,525
RMBS [Member] | Significant Observable Inputs (Level 2) [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	2,008	2,521
RMBS [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	1	4
CMBS [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	1,674	1,599
CMBS [Member] | Significant Observable Inputs (Level 2) [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	1,674	1,599
State And Municipal Bonds [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	5,070	6,621
State And Municipal Bonds [Member] | Significant Observable Inputs (Level 2) [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	5,035	6,621
State And Municipal Bonds [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	35
Hybrid And Redeemable Preferred Securities [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	359	469
Hybrid And Redeemable Preferred Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	41	54
Hybrid And Redeemable Preferred Securities [Member] | Significant Observable Inputs (Level 2) [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	269	322
Hybrid And Redeemable Preferred Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	49	93
Mortgage Loans On Real Estate [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	487	739
Mortgage Loans On Real Estate [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	487	739
Trading Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	3,498	4,460
Trading Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value		32
Trading Securities [Member] | Significant Observable Inputs (Level 2) [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	2,917	3,600
Trading Securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	581	828
Equity Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	427	375
Equity Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value		7
Equity Securities [Member] | Significant Observable Inputs (Level 2) [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	274	273
Equity Securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	153	95
Derivative Investments [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	6,653	9,775
Derivative Investments [Member] | Significant Observable Inputs (Level 2) [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	6,048	9,626
Derivative Investments [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	605	149
Other Investments [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	75	154
Other Investments [Member] | Significant Observable Inputs (Level 2) [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	75	154
Invested Cash [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	3,343	2,612
Invested Cash [Member] | Significant Observable Inputs (Level 2) [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	3,343	2,612
GLB Direct Embedded Derivatives [Member] | Other Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	1,697	1,967
GLB Direct Embedded Derivatives [Member] | Significant Unobservable Inputs (Level 3) [Member] | Other Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	1,697	1,967
GLB Ceded Embedded Derivatives [Member] | Other Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	29	56
GLB Ceded Embedded Derivatives [Member] | Other Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities measured at fair value		(182)
GLB Ceded Embedded Derivatives [Member] | Significant Unobservable Inputs (Level 3) [Member] | Other Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	29	56
GLB Ceded Embedded Derivatives [Member] | Significant Unobservable Inputs (Level 3) [Member] | Other Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities measured at fair value		(182)
Reinsurance Related Embedded Derivatives [Member] | Other Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	416
Reinsurance Related Embedded Derivatives [Member] | Other Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities measured at fair value		(206)
Reinsurance Related Embedded Derivatives [Member] | Significant Observable Inputs (Level 2) [Member] | Other Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	416
Reinsurance Related Embedded Derivatives [Member] | Significant Observable Inputs (Level 2) [Member] | Other Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities measured at fair value		(206)
Indexed Annuity And IUL Contracts [Member] | Other Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	525	528
Indexed Annuity And IUL Contracts [Member] | Future Contract Benefits [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities measured at fair value	(4,783)	(6,131)
Indexed Annuity And IUL Contracts [Member] | Significant Unobservable Inputs (Level 3) [Member] | Other Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	525	528
Indexed Annuity And IUL Contracts [Member] | Significant Unobservable Inputs (Level 3) [Member] | Future Contract Benefits [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities measured at fair value	(4,783)	(6,131)
Separate Account Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	143,536	182,575
Separate Account Assets [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	412	646
Separate Account Assets [Member] | Significant Observable Inputs (Level 2) [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets measured at fair value	143,124	181,929
Derivative Liabilities [Member] | Other Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities measured at fair value	(3,269)	(4,787)
Derivative Liabilities [Member] | Significant Observable Inputs (Level 2) [Member] | Other Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities measured at fair value	(2,666)	(4,659)
Derivative Liabilities [Member] | Significant Unobservable Inputs (Level 3) [Member] | Other Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities measured at fair value	$ (603)	$ (128)

Fair Value of Financial Instr_7

Fair Value of Financial Instruments (Fair Value Measured On A Recurring Basis Reconciliation) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Level 3 Unobservable Input Reconciliation
Beginning Fair Value	$ 4,649	$ 6,441	$ 5,141
Items Included in Net Income	1,429	(7)	552
Gains (Losses) in OCI and Other	(1,702)	(173)	549
Issuances, Sales, Maturities, Settlements, Calls, Net	693	1,420	(284)
Transfers Into or Out of Level 3, Net	(3,048)	(3,032)	483
Ending Fair Value	2,021	4,649	6,441
Corporate Bonds [Member] | Fixed Maturity AFS Securities [Member]
Level 3 Unobservable Input Reconciliation
Beginning Fair Value	5,720	5,121	4,281
Items Included in Net Income	1	4	(8)
Gains (Losses) in OCI and Other	(1,550)	(182)	284
Issuances, Sales, Maturities, Settlements, Calls, Net	796	748	464
Transfers Into or Out of Level 3, Net	(2,672)	29	100
Ending Fair Value	2,295	5,720	5,121
U.S. Government Bonds [Member] | Fixed Maturity AFS Securities [Member]
Level 3 Unobservable Input Reconciliation
Beginning Fair Value		5	5
Issuances, Sales, Maturities, Settlements, Calls, Net		(5)
Ending Fair Value			5
State And Municipal Bonds [Member] | Fixed Maturity AFS Securities [Member]
Level 3 Unobservable Input Reconciliation
Gains (Losses) in OCI and Other	(1)
Transfers Into or Out of Level 3, Net	36
Ending Fair Value	35
Foreign Government Bonds [Member] | Fixed Maturity AFS Securities [Member]
Level 3 Unobservable Input Reconciliation
Beginning Fair Value	41	74	90
Items Included in Net Income			1
Gains (Losses) in OCI and Other	(6)	(11)	3
Issuances, Sales, Maturities, Settlements, Calls, Net	(30)	80	(20)
Transfers Into or Out of Level 3, Net	(5)	(102)
Ending Fair Value		41	74
RMBS [Member] | Fixed Maturity AFS Securities [Member]
Level 3 Unobservable Input Reconciliation
Beginning Fair Value	4	2	11
Items Included in Net Income		(1)
Gains (Losses) in OCI and Other	1
Issuances, Sales, Maturities, Settlements, Calls, Net	21	3
Transfers Into or Out of Level 3, Net	(25)		(9)
Ending Fair Value	1	4	2
CMBS [Member] | Fixed Maturity AFS Securities [Member]
Level 3 Unobservable Input Reconciliation
Beginning Fair Value			1
Items Included in Net Income			(1)
Issuances, Sales, Maturities, Settlements, Calls, Net	17	8
Transfers Into or Out of Level 3, Net	(17)	(8)
ABS [Member] | Fixed Maturity AFS Securities [Member]
Level 3 Unobservable Input Reconciliation
Beginning Fair Value	870	570	268
Items Included in Net Income		1
Gains (Losses) in OCI and Other	(113)	(9)	7
Issuances, Sales, Maturities, Settlements, Calls, Net	676	602	496
Transfers Into or Out of Level 3, Net	(316)	(294)	(201)
Ending Fair Value	1,117	870	570
Hybrid And Redeemable Preferred Securities [Member] | Fixed Maturity AFS Securities [Member]
Level 3 Unobservable Input Reconciliation
Beginning Fair Value	93	104	78
Items Included in Net Income	(6)
Gains (Losses) in OCI and Other	(22)	27	(2)
Issuances, Sales, Maturities, Settlements, Calls, Net	(12)	(38)	10
Transfers Into or Out of Level 3, Net	(4)		18
Ending Fair Value	49	93	104
Trading Securities [Member]
Level 3 Unobservable Input Reconciliation
Beginning Fair Value	828	644	666
Items Included in Net Income	(80)	(3)	11
Issuances, Sales, Maturities, Settlements, Calls, Net	(152)	210	(32)
Transfers Into or Out of Level 3, Net	(15)	(23)	(1)
Ending Fair Value	581	828	644
Equity Securities [Member]
Level 3 Unobservable Input Reconciliation
Beginning Fair Value	95	59	30
Items Included in Net Income	54	39	4
Issuances, Sales, Maturities, Settlements, Calls, Net	19	(3)	20
Transfers Into or Out of Level 3, Net	(15)		5
Ending Fair Value	153	95	59
Mortgage Loans On Real Estate [Member]
Level 3 Unobservable Input Reconciliation
Beginning Fair Value	739	832
Items Included in Net Income	(20)	11	(1)
Gains (Losses) in OCI and Other	(5)	5	(10)
Issuances, Sales, Maturities, Settlements, Calls, Net	(227)	(109)	56
Transfers Into or Out of Level 3, Net			787
Ending Fair Value	487	739	832
Derivative Investments [Member]
Level 3 Unobservable Input Reconciliation
Beginning Fair Value	21	1,542	868
Items Included in Net Income	2	1,255	986
Gains (Losses) in OCI and Other	(6)	(3)	267
Issuances, Sales, Maturities, Settlements, Calls, Net		(139)	(363)
Transfers Into or Out of Level 3, Net	(15)	(2,634)	(216)
Ending Fair Value	2	21	1,542
GLB Direct Embedded Derivatives [Member] | Other Assets [Member]
Level 3 Unobservable Input Reconciliation
Beginning Fair Value	1,967	450	450
Items Included in Net Income	(270)	1,517
Ending Fair Value	1,697	1,967	450
GLB Ceded Embedded Derivatives [Member] | Other Assets [Member]
Level 3 Unobservable Input Reconciliation
Beginning Fair Value	56	82	60
Items Included in Net Income	(27)	(26)	22
Ending Fair Value	29	56	82
GLB Ceded Embedded Derivatives [Member] | Other Liabilities [Member]
Level 3 Unobservable Input Reconciliation
Beginning Fair Value	(182)		(9)
Items Included in Net Income	15	(182)	9
Ending Fair Value	(167)	(182)
Indexed Annuity Ceded Embedded Derivatives [Member] | Other Assets [Member]
Level 3 Unobservable Input Reconciliation
Beginning Fair Value	528	550
Items Included in Net Income	(215)	87
Issuances, Sales, Maturities, Settlements, Calls, Net	212	(109)
Ending Fair Value	525	528	550
Indexed Annuity And IUL Contracts [Member] | Other Assets [Member]
Level 3 Unobservable Input Reconciliation
Beginning Fair Value		550	927
Items Included in Net Income			538
Issuances, Sales, Maturities, Settlements, Calls, Net			(915)
Ending Fair Value			550
Indexed Annuity And IUL Contracts [Member] | Future Contract Benefits [Member]
Level 3 Unobservable Input Reconciliation
Beginning Fair Value	(6,131)	(3,594)	(2,585)
Items Included in Net Income	1,975	(2,709)	(1,009)
Issuances, Sales, Maturities, Settlements, Calls, Net	(627)	172
Ending Fair Value	$ (4,783)	$ (6,131)	$ (3,594)

Fair Value of Financial Instr_8

Fair Value of Financial Instruments (Schedule Of Investment Holdings Movements) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	$ 1,963	$ 2,661	$ 2,366
Sales	(338)	(312)	(809)
Maturities	(112)	(329)	(574)
Settlements	(751)	(540)	(1,135)
Calls	(69)	(60)	(132)
Total	693	1,420	(284)
Corporate Bonds [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	1,263	1,408	1,126
Sales	(100)	(33)	(250)
Maturities	(82)	(109)	(43)
Settlements	(235)	(488)	(237)
Calls	(50)	(30)	(132)
Total	796	748	464
U.S. Government Bonds [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Maturities		(5)
Total		(5)
Foreign Government Bonds [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances		80
Maturities	(30)		(20)
Total	(30)	80	(20)
RMBS [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	21	3
Total	21	3
CMBS [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	17	8
Total	17	8
ABS [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	918	835	572
Settlements	(235)	(233)	(76)
Calls	(7)
Total	676	602	496
Hybrid And Redeemable Preferred Securities [Member] | Fixed Maturity AFS Securities [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances		12	14
Sales		(20)	(4)
Calls	(12)	(30)
Total	(12)	(38)	10
Mortgage Loans On Real Estate [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	15	96	71
Sales		(101)	(15)
Maturities		(26)
Settlements	(242)	(78)
Total	(227)	(109)	56
Trading Securities [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	287	383	300
Sales	(229)	(24)	(126)
Maturities			(40)
Settlements	(210)	(149)	(166)
Total	(152)	210	(32)
Equity Securities [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	28	7	22
Sales	(9)	(10)	(2)
Total	19	(3)	20
Derivative Investments [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances		174	520
Sales		(124)	(412)
Maturities		(189)	(471)
Total		(139)	(363)
Indexed Annuity And IUL Contracts [Member] | Other Assets [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	124	55	25
Settlements	88	(164)	(940)
Total	212	(109)	(915)
Indexed Annuity And IUL Contracts [Member] | Future Contract Benefits [Member]
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]
Issuances	(710)	(400)	(284)
Settlements	83	572	$ 284
Total	$ (627)	$ 172

Fair Value of Financial Instr_9

Fair Value of Financial Instruments (Changes In Unrealized Gains (Losses) Within Level 3 Financial Instruments Carried At Fair Value And Still Held) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Changes in unrealized gains (losses) within Level 3 financial instruments carried at fair value and still held
Change in unrealized gains (losses) included in net income	$ 379	$ 3,484	$ 1,841
Trading Securities [Member]
Changes in unrealized gains (losses) within Level 3 financial instruments carried at fair value and still held
Change in unrealized gains (losses) included in net income	(81)	4
Equity Securities [Member]
Changes in unrealized gains (losses) within Level 3 financial instruments carried at fair value and still held
Change in unrealized gains (losses) included in net income	56	43
Mortgage Loans On Real Estate [Member]
Changes in unrealized gains (losses) within Level 3 financial instruments carried at fair value and still held
Change in unrealized gains (losses) included in net income	(20)	12
Derivative Investments [Member]
Changes in unrealized gains (losses) within Level 3 financial instruments carried at fair value and still held
Change in unrealized gains (losses) included in net income	2	1,051	536
GLB Embedded Derivatives [Member]
Changes in unrealized gains (losses) within Level 3 financial instruments carried at fair value and still held
Change in unrealized gains (losses) included in net income	517	2,330	671
Indexed Annuity And IUL Contracts [Member]
Changes in unrealized gains (losses) within Level 3 financial instruments carried at fair value and still held
Change in unrealized gains (losses) included in net income	$ (95)	$ 44	$ 634

Fair Value of Financial Inst_10

Fair Value of Financial Instruments (Changes in Unrealized Gains (Losses) Included in OCI) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Mortgage Loans On Real Estate [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis Level 3 Activity [Line Items]
Unrealized gains (losses) included in OCI, net	$ (5)	$ 4
Fixed Maturity AFS Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis Level 3 Activity [Line Items]
Unrealized gains (losses) included in OCI, net	(1,713)	(171)	$ 64
Fixed Maturity AFS Securities [Member] | Corporate Bonds [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis Level 3 Activity [Line Items]
Unrealized gains (losses) included in OCI, net	(1,562)	(183)	58
Fixed Maturity AFS Securities [Member] | Foreign Government Bonds [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis Level 3 Activity [Line Items]
Unrealized gains (losses) included in OCI, net	(7)	(10)	4
Fixed Maturity AFS Securities [Member] | ABS [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis Level 3 Activity [Line Items]
Unrealized gains (losses) included in OCI, net	(116)	(9)	5
Fixed Maturity AFS Securities [Member] | Hybrid And Redeemable Preferred Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis Level 3 Activity [Line Items]
Unrealized gains (losses) included in OCI, net	(22)	$ 27	$ (3)
Fixed Maturity AFS Securities [Member] | State And Municipal Bonds [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis Level 3 Activity [Line Items]
Unrealized gains (losses) included in OCI, net	$ (1)

Fair Value of Financial Inst_11

Fair Value of Financial Instruments (Components Of The Transfers In And Out Of Level 3) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3	$ 352	$ 237	$ 1,212
Transfers Out of Level 3	(3,400)	(3,269)	(729)
Total	(3,048)	(3,032)	483
Corporate Bonds [Member] | Fixed Maturity AFS Securities [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3	296	163	343
Transfers Out of Level 3	(2,968)	(134)	(243)
Total	(2,672)	29	100
RMBS [Member] | Fixed Maturity AFS Securities [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3			1
Transfers Out of Level 3	(25)		(10)
Total	(25)		(9)
ABS [Member] | Fixed Maturity AFS Securities [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3	16	36	20
Transfers Out of Level 3	(332)	(330)	(221)
Total	(316)	(294)	(201)
U.S. Government Bonds [Member] | Fixed Maturity AFS Securities [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3			5
Transfers Out of Level 3			(5)
Foreign Government Bonds [Member] | Fixed Maturity AFS Securities [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Out of Level 3	(5)	(102)
Total	(5)	(102)
CMBS [Member] | Fixed Maturity AFS Securities [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Out of Level 3	(17)	(8)
Total	(17)	(8)
State And Municipal Bonds [Member] | Fixed Maturity AFS Securities [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3	36
Total	36
Hybrid And Redeemable Preferred Securities [Member] | Fixed Maturity AFS Securities [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3			18
Transfers Out of Level 3	(4)
Total	(4)		18
Mortgage Loans On Real Estate [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3			787
Total			787
Trading Securities [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3	4	14	33
Transfers Out of Level 3	(19)	(37)	(34)
Total	(15)	(23)	(1)
Equity Securities [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3			5
Transfers Out of Level 3	(15)
Total	(15)		5
Derivative Investments [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Transfers Into Level 3		24
Transfers Out of Level 3	(15)	(2,658)	(216)
Total	$ (15)	$ (2,634)	$ (216)

Fair Value of Financial Inst_12

Fair Value of Financial Instruments (Fair Value Inputs Quantitative Information) (Details) $ in Millions	Dec. 31, 2022 USD ($) item	Dec. 31, 2021 USD ($)
Assets Fair Value Disclosure [Abstract]
Assets Fair Value Disclosure | $	$ 260,422	$ 321,952
Liabilities Fair Value Disclosure [Abstract]
Liabilities measured at fair value | $	(8,219)	(11,306)
Other Liabilities [Member]
Liabilities Fair Value Disclosure [Abstract]
Liabilities measured at fair value | $	(167)
Significant Unobservable Inputs (Level 3) [Member]
Assets Fair Value Disclosure [Abstract]
Assets Fair Value Disclosure | $	7,574	11,090
Liabilities Fair Value Disclosure [Abstract]
Liabilities measured at fair value | $	(5,553)	$ (6,441)
Significant Unobservable Inputs (Level 3) [Member] | Other Liabilities [Member]
Liabilities Fair Value Disclosure [Abstract]
Liabilities measured at fair value | $	(167)
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Fixed Maturity AFS Securities [Member] | Corporate Bonds [Member]
Assets Fair Value Disclosure [Abstract]
Assets Fair Value Disclosure | $	204
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Fixed Maturity AFS Securities [Member] | State And Municipal Bonds [Member]
Assets Fair Value Disclosure [Abstract]
Assets Fair Value Disclosure | $	35
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Fixed Maturity AFS Securities [Member] | ABS [Member]
Assets Fair Value Disclosure [Abstract]
Assets Fair Value Disclosure | $	15
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Fixed Maturity AFS Securities [Member] | Hybrid And Redeemable Preferred Securities [Member]
Assets Fair Value Disclosure [Abstract]
Assets Fair Value Disclosure | $	$ 3
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Fixed Maturity AFS Securities [Member] | Minimum [Member] | Corporate Bonds [Member] | Liquidity/Duration Adjustment [Member]
Liabilities Fair Value Disclosure [Abstract]
Fixed maturity AFS and trading securities, measurement input	(0.002)
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Fixed Maturity AFS Securities [Member] | Minimum [Member] | State And Municipal Bonds [Member] | Liquidity/Duration Adjustment [Member]
Liabilities Fair Value Disclosure [Abstract]
Fixed maturity AFS and trading securities, measurement input	0.012
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Fixed Maturity AFS Securities [Member] | Minimum [Member] | ABS [Member] | Liquidity/Duration Adjustment [Member]
Liabilities Fair Value Disclosure [Abstract]
Fixed maturity AFS and trading securities, measurement input	0.014
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Fixed Maturity AFS Securities [Member] | Minimum [Member] | Hybrid And Redeemable Preferred Securities [Member] | Liquidity/Duration Adjustment [Member]
Liabilities Fair Value Disclosure [Abstract]
Fixed maturity AFS and trading securities, measurement input	0.015
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Fixed Maturity AFS Securities [Member] | Maximum [Member] | Corporate Bonds [Member] | Liquidity/Duration Adjustment [Member]
Liabilities Fair Value Disclosure [Abstract]
Fixed maturity AFS and trading securities, measurement input	0.042
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Fixed Maturity AFS Securities [Member] | Maximum [Member] | State And Municipal Bonds [Member] | Liquidity/Duration Adjustment [Member]
Liabilities Fair Value Disclosure [Abstract]
Fixed maturity AFS and trading securities, measurement input	0.024
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Fixed Maturity AFS Securities [Member] | Maximum [Member] | ABS [Member] | Liquidity/Duration Adjustment [Member]
Liabilities Fair Value Disclosure [Abstract]
Fixed maturity AFS and trading securities, measurement input	0.014
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Fixed Maturity AFS Securities [Member] | Maximum [Member] | Hybrid And Redeemable Preferred Securities [Member] | Liquidity/Duration Adjustment [Member]
Liabilities Fair Value Disclosure [Abstract]
Fixed maturity AFS and trading securities, measurement input	0.015
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Fixed Maturity AFS Securities [Member] | Weighted Average [Member] | Corporate Bonds [Member] | Liquidity/Duration Adjustment [Member]
Liabilities Fair Value Disclosure [Abstract]
Fixed maturity AFS and trading securities, measurement input	0.021
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Fixed Maturity AFS Securities [Member] | Weighted Average [Member] | State And Municipal Bonds [Member] | Liquidity/Duration Adjustment [Member]
Liabilities Fair Value Disclosure [Abstract]
Fixed maturity AFS and trading securities, measurement input	0.023
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Fixed Maturity AFS Securities [Member] | Weighted Average [Member] | ABS [Member] | Liquidity/Duration Adjustment [Member]
Liabilities Fair Value Disclosure [Abstract]
Fixed maturity AFS and trading securities, measurement input	0.014
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Fixed Maturity AFS Securities [Member] | Weighted Average [Member] | Hybrid And Redeemable Preferred Securities [Member] | Liquidity/Duration Adjustment [Member]
Liabilities Fair Value Disclosure [Abstract]
Fixed maturity AFS and trading securities, measurement input	0.015
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Equity Securities [Member]
Assets Fair Value Disclosure [Abstract]
Assets Fair Value Disclosure | $	$ 4
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Equity Securities [Member] | Minimum [Member] | Liquidity/Duration Adjustment [Member]
Liabilities Fair Value Disclosure [Abstract]
Equity securities, measurement input	0.045
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Equity Securities [Member] | Maximum [Member] | Liquidity/Duration Adjustment [Member]
Liabilities Fair Value Disclosure [Abstract]
Equity securities, measurement input	0.045
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Equity Securities [Member] | Weighted Average [Member] | Liquidity/Duration Adjustment [Member]
Liabilities Fair Value Disclosure [Abstract]
Equity securities, measurement input	0.045
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member]
Assets Fair Value Disclosure [Abstract]
Assets Fair Value Disclosure | $	$ 1,726
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Minimum [Member] | Long-Term Lapse Rate [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative assets, measurement input	0.01
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Minimum [Member] | Utilization Of Guaranteed Withdrawls [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative assets, measurement input	0.85
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Minimum [Member] | Claims Utilization Factor [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative assets, measurement input	0.60
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Minimum [Member] | Premiums Utilization Factor [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative assets, measurement input	0.80
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Minimum [Member] | NPR [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative assets, measurement input	0.0035
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Minimum [Member] | Volatility [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative assets, measurement input	0.01
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Maximum [Member] | Long-Term Lapse Rate [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative assets, measurement input	0.30
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Maximum [Member] | Utilization Of Guaranteed Withdrawls [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative assets, measurement input	1
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Maximum [Member] | Claims Utilization Factor [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative assets, measurement input	1
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Maximum [Member] | Premiums Utilization Factor [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative assets, measurement input	1.15
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Maximum [Member] | NPR [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative assets, measurement input	0.0241
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Maximum [Member] | Volatility [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative assets, measurement input	0.28
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Weighted Average [Member] | Utilization Of Guaranteed Withdrawls [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative assets, measurement input	0.94
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Weighted Average [Member] | NPR [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative assets, measurement input	0.0173
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Weighted Average [Member] | Volatility [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative assets, measurement input	0.1447
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Indexed Annuity Ceded Embedded Derivatives [Member]
Assets Fair Value Disclosure [Abstract]
Assets Fair Value Disclosure | $	$ 525
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Indexed Annuity Ceded Embedded Derivatives [Member] | Minimum [Member] | Long-Term Lapse Rate [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative assets, measurement input	0
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Indexed Annuity Ceded Embedded Derivatives [Member] | Maximum [Member] | Long-Term Lapse Rate [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative assets, measurement input	0.09
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Future contract benefits - indexed annuity and IUL contracts embedded derivatives [Member]
Liabilities Fair Value Disclosure [Abstract]
Liabilities measured at fair value | $	$ (4,845)
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Future contract benefits - indexed annuity and IUL contracts embedded derivatives [Member] | Minimum [Member] | Long-Term Lapse Rate [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative liability, measurement input	0
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | Future contract benefits - indexed annuity and IUL contracts embedded derivatives [Member] | Maximum [Member] | Long-Term Lapse Rate [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative liability, measurement input	0.09
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member]
Liabilities Fair Value Disclosure [Abstract]
Liabilities measured at fair value | $	$ (167)
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Minimum [Member] | Long-Term Lapse Rate [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative liability, measurement input	0.01
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Minimum [Member] | Utilization Of Guaranteed Withdrawls [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative liability, measurement input	0.85
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Minimum [Member] | Claims Utilization Factor [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative liability, measurement input	0.60
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Minimum [Member] | Premiums Utilization Factor [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative liability, measurement input	0.80
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Minimum [Member] | NPR [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative liability, measurement input	0.0035
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Minimum [Member] | Volatility [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative liability, measurement input	0.01
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Maximum [Member] | Long-Term Lapse Rate [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative liability, measurement input	0.30
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Maximum [Member] | Utilization Of Guaranteed Withdrawls [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative liability, measurement input	1
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Maximum [Member] | Claims Utilization Factor [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative liability, measurement input	1
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Maximum [Member] | Premiums Utilization Factor [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative liability, measurement input	1.15
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Maximum [Member] | NPR [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative liability, measurement input	0.0241
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Maximum [Member] | Volatility [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative liability, measurement input	0.28
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Weighted Average [Member] | Utilization Of Guaranteed Withdrawls [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative liability, measurement input	0.94
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Weighted Average [Member] | NPR [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative liability, measurement input	0.0173
Significant Unobservable Inputs (Level 3) [Member] | Discounted Cash Flow Valuation Technique [Member] | GLB Ceded Embedded Derivatives [Member] | Weighted Average [Member] | Volatility [Member]
Liabilities Fair Value Disclosure [Abstract]
Derivative liability, measurement input	0.1447

Segment Information (Reconcilia

Segment Information (Reconciliation Of Revenue From Segments To Consolidated) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total revenues	$ 4,222	$ 4,781	$ 5,088	$ 4,674	$ 5,229	$ 5,238	$ 4,862	$ 4,533	$ 18,766	$ 19,862	$ 17,439
Annuities Segment [Member]
Segment Reporting Information [Line Items]
Total revenues									4,776	5,001	4,455
Retirement Plan Services Segment [Member]
Segment Reporting Information [Line Items]
Total revenues									1,274	1,323	1,213
Life Insurance Segment [Member]
Segment Reporting Information [Line Items]
Total revenues									7,126	8,145	7,516
Group Protection Segment [Member]
Segment Reporting Information [Line Items]
Total revenues									5,304	4,995	4,793
Other Operations [Member]
Segment Reporting Information [Line Items]
Total revenues									158	181	185
Excluded Realized Gain (Loss), Pre-Tax [Member]
Segment Reporting Information [Line Items]
Total revenues									144	214	(721)
Amortization Of DFEL Associated With Benefit Ratio Unlocking, Pre-Tax [Member]
Segment Reporting Information [Line Items]
Total revenues									$ (16)	$ 3	$ (2)

Segment Information (Reconcil_2

Segment Information (Reconciliation Of Income (Loss) From Operations By Segment To Consolidated Net Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Net Income (Loss) from Segments to Consolidated [Abstract]
Net income (loss)	$ 21	$ (2,583)	$ 228	$ 92	$ 708	$ 316	$ 645	$ 219	$ 319	$ 864	$ (2,264)	$ 1,180	$ (2,241)	$ 1,887	$ 499
Excluded Realized Gain (Loss) [Member]
Reconciliation of Net Income (Loss) from Segments to Consolidated [Abstract]
Net income (loss)													116	167	(570)
Benefit Ratio Unlocking [Member]
Reconciliation of Net Income (Loss) from Segments to Consolidated [Abstract]
Net income (loss)													(820)	196	194
Impairment Of Intangibles [Member]
Reconciliation of Net Income (Loss) from Segments to Consolidated [Abstract]
Net income (loss)													(634)
Net Impact From the Tax Cuts And Jobs Act [Member]
Reconciliation of Net Income (Loss) from Segments to Consolidated [Abstract]
Net income (loss)															37
Acquisition And Integration Costs Related To Mergers And Acquisitions [Member]
Reconciliation of Net Income (Loss) from Segments to Consolidated [Abstract]
Net income (loss)														(11)	(15)
Gain (Loss) On Early Extinguishment Of Debt [Member]
Reconciliation of Net Income (Loss) from Segments to Consolidated [Abstract]
Net income (loss)														(6)	(12)
Annuities Segment [Member]
Reconciliation of Net Income (Loss) from Segments to Consolidated [Abstract]
Net income (loss)													1,246	1,282	983
Retirement Plan Services Segment [Member]
Reconciliation of Net Income (Loss) from Segments to Consolidated [Abstract]
Net income (loss)													210	235	168
Life Insurance Segment [Member]
Reconciliation of Net Income (Loss) from Segments to Consolidated [Abstract]
Net income (loss)													(1,965)	525	(34)
Group Protection Segment [Member]
Reconciliation of Net Income (Loss) from Segments to Consolidated [Abstract]
Net income (loss)													102	(127)	43
Other Operations [Member]
Reconciliation of Net Income (Loss) from Segments to Consolidated [Abstract]
Net income (loss)													$ (496)	$ (374)	$ (295)

Segment Information (Reconcil_3

Segment Information (Reconciliation of Net Investment Income From Segments to Consolidated) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net Investment Income [Abstract]
Total net investment income	$ 1,411	$ 1,295	$ 1,398	$ 1,411	$ 1,444	$ 1,575	$ 1,583	$ 1,509	$ 5,515	$ 6,111	$ 5,510
Annuities Segment [Member]
Net Investment Income [Abstract]
Total net investment income									1,463	1,400	1,272
Retirement Plan Services Segment [Member]
Net Investment Income [Abstract]
Total net investment income									976	991	933
Life Insurance Segment [Member]
Net Investment Income [Abstract]
Total net investment income									2,586	3,207	2,823
Group Protection Segment [Member]
Net Investment Income [Abstract]
Total net investment income									334	365	330
Other Operations [Member]
Net Investment Income [Abstract]
Total net investment income									$ 156	$ 148	$ 152

Segment Information (Reconcil_4

Segment Information (Reconciliation of DAC VOBA Amortization From Segments to Consolidated) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Amortization of DAC and VOBA, Net of Interest
Amortization of DAC and VOBA, net of interest	$ 1,147	$ 1,608	$ 1,315
Annuities Segment [Member]
Amortization of DAC and VOBA, Net of Interest
Amortization of DAC and VOBA, net of interest	400	439	387
Retirement Plan Services Segment [Member]
Amortization of DAC and VOBA, Net of Interest
Amortization of DAC and VOBA, net of interest	18	32	29
Life Insurance Segment [Member]
Amortization of DAC and VOBA, Net of Interest
Amortization of DAC and VOBA, net of interest	623	1,030	785
Group Protection Segment [Member]
Amortization of DAC and VOBA, Net of Interest
Amortization of DAC and VOBA, net of interest	$ 106	$ 107	$ 114

Segment Information (Reconcil_5

Segment Information (Reconciliation of Federal Income Tax Expense (Benefit) from Segments to Consolidated Net Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Federal Income Tax Expense (Benefit) from Segments to Consolidated [Abstract]
Income tax expense (benefit)	$ (37)	$ (565)	$ 29	$ (15)	$ 146	$ 50	$ 131	$ 35	$ (589)	$ 362	$ (76)
Annuities Segment [Member]
Reconciliation of Federal Income Tax Expense (Benefit) from Segments to Consolidated [Abstract]
Income tax expense (benefit)									207	241	149
Retirement Plan Services Segment [Member]
Reconciliation of Federal Income Tax Expense (Benefit) from Segments to Consolidated [Abstract]
Income tax expense (benefit)									35	48	24
Life Insurance Segment [Member]
Reconciliation of Federal Income Tax Expense (Benefit) from Segments to Consolidated [Abstract]
Income tax expense (benefit)									(552)	119	(33)
Group Protection Segment [Member]
Reconciliation of Federal Income Tax Expense (Benefit) from Segments to Consolidated [Abstract]
Income tax expense (benefit)									28	(34)	11
Other Operations [Member]
Reconciliation of Federal Income Tax Expense (Benefit) from Segments to Consolidated [Abstract]
Income tax expense (benefit)									(117)	(106)	(82)
Excluded Realized Gain (Loss), Pre-Tax [Member]
Reconciliation of Federal Income Tax Expense (Benefit) from Segments to Consolidated [Abstract]
Income tax expense (benefit)									28	48	(151)
Gain (loss) on early extinguishment of debt [Member]
Reconciliation of Federal Income Tax Expense (Benefit) from Segments to Consolidated [Abstract]
Income tax expense (benefit)										(2)	(3)
Benefit ratio unlocking [Member]
Reconciliation of Federal Income Tax Expense (Benefit) from Segments to Consolidated [Abstract]
Income tax expense (benefit)									$ (218)	52	51
Net Impact From the Tax Cuts And Jobs Act [Member]
Reconciliation of Federal Income Tax Expense (Benefit) from Segments to Consolidated [Abstract]
Income tax expense (benefit)											(37)
Acquisition and integration costs related to mergers and acquisitions [Member]
Reconciliation of Federal Income Tax Expense (Benefit) from Segments to Consolidated [Abstract]
Income tax expense (benefit)										$ (4)	$ (5)

Segment Information (Reconcil_6

Segment Information (Reconciliation Of Assets From Segments To Consolidated) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
Segment Reporting Information [Line Items]
Total assets	$ 335,108	$ 324,174	$ 335,346	$ 365,538	$ 386,945	$ 376,896	$ 379,878	$ 366,573
Annuities Segment [Member]
Segment Reporting Information [Line Items]
Total assets	167,210				201,811
Retirement Plan Services Segment [Member]
Segment Reporting Information [Line Items]
Total assets	41,887				47,643
Life Insurance Segment [Member]
Segment Reporting Information [Line Items]
Total assets	95,413				105,251
Group Protection Segment [Member]
Segment Reporting Information [Line Items]
Total assets	9,802				10,522
Other Operations [Member]
Segment Reporting Information [Line Items]
Total assets	$ 20,796				$ 21,718

Supplemental Disclosures of C_3

Supplemental Disclosures of Cash Flow (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Supplemental Disclosures of Cash Flow Data [Abstract]
Interest paid	$ 269	$ 277	$ 283
Income taxes paid (received)	$ (54)	1	22
Significant non-cash investing and financing transactions:
Equity securities received in exchange of fixed maturity AFS securities			$ 19
Net reduction of fixed maturity AFS securities and accrued investment income in connection with a reinsurance transaction		$ (4,133)

Quarterly Results of Operatio_3

Quarterly Results of Operations (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Total revenues	$ 4,222	$ 4,781	$ 5,088	$ 4,674	$ 5,229	$ 5,238	$ 4,862	$ 4,533					$ 18,766	$ 19,862	$ 17,439
Total expenses	4,238	7,929	4,831	4,597	4,375	4,872	4,086	4,279					21,596	17,613	17,016
Net income (loss)	$ 21	$ (2,583)	$ 228	$ 92	$ 708	$ 316	$ 645	$ 219	$ 319	$ 864	$ (2,264)	$ 1,180	$ (2,241)	$ 1,887	$ 499
Earnings (loss) per common share - basic:
Net income (loss) (in dollars per share)	$ 0.12	$ (15.22)	$ 1.34	$ 0.53	$ 3.92	$ 1.69	$ 3.40	$ 1.14					$ (13.11)	$ 10.07	$ 2.58
Earnings (loss) per common share - diluted:
Net income (loss) (in dollars per share)	$ 0.09	$ (15.23)	$ 1.28	$ 0.52	$ 3.86	$ 1.67	$ 3.36	$ 1.13					$ (13.19)	$ 9.98	$ 2.56
Parent Company [Member]
Total revenues													$ 959	$ 2,175	$ 971
Total expenses													356	342	345
Net income (loss)													$ (2,241)	$ 1,887	$ 499

Quartelty Results of Operations

Quartelty Results of Operations (Balance Sheets) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investments:
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $111,707; 2021 - $105,142; allowance for credit losses: 2022 - $22; 2021 - $19)	$ 99,736	$ 97,572	$ 103,317	$ 110,663	$ 118,711	$ 122,085	$ 122,215	$ 117,313
Trading securities	3,498	3,580	3,803	4,364	4,460	4,170	4,211	4,344
Equity securities	427	427	411	399	375	264	195	144
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $487; 2021 - $739)	18,301	18,066	17,922	17,892	17,991	17,730	17,586	17,255
Policy loans	2,359	2,347	2,368	2,339	2,364	2,379	2,410	2,502
Derivative investments	3,594	3,455	3,167	4,573	5,697	5,075	4,730	3,482
Other investments	3,739	3,813	4,078	4,122	4,288	4,066	3,948	3,547
Total investments	131,654	129,260	135,066	144,352	153,886	155,769	155,295	148,587
Cash and invested cash	3,343	1,472	1,567	1,960	2,612	2,614	2,389	1,350	$ 1,708	$ 2,563
Deferred acquisition costs and value of business acquired	13,588	13,684	11,872	8,811	6,083	5,966	6,261	7,665	5,812
Accrued investment income	1,253	1,283	1,226	1,247	1,189	1,297	1,254	1,301
Reinsurance recoverables, net of allowance for credit losses	19,882	20,045	19,909	20,044	20,295	15,729	15,981	16,289
Goodwill	1,144	1,144	1,778	1,778	1,778	1,778	1,778	1,778
Other assets	20,708	19,991	18,137	18,467	18,519	18,076	18,125	18,264
Separate account assets	143,536	137,295	145,791	168,879	182,583	175,667	178,795	171,339
Total assets	335,108	324,174	335,346	365,538	386,945	376,896	379,878	366,573
Liabilities
Future contract benefits	42,151	41,716	39,309	39,776	41,030	40,641	40,251	39,592
Other contract holder funds	120,800	118,201	115,145	112,913	111,710	109,300	108,778	107,002
Short-term debt	500	500			300	300	300	300
Long-term debt	5,955	5,959	6,498	6,561	6,325	6,323	6,334	6,294
Payables for collateral on investments	6,712	6,865	7,524	8,927	8,946	8,379	8,199	7,597
Other liabilities	10,885	10,970	11,425	13,298	15,297	15,121	15,479	14,862
Separate account liabilities	143,536	137,295	145,791	168,879	182,583	175,667	178,795	171,339
Total liabilities	330,539	321,506	325,692	350,354	366,191	355,731	358,136	346,986
Contingencies and Commitments (See Note 13)
Stockholders' Equity
Preferred stock - 10,000,000 shares authorized
Common stock – 800,000,000 shares authorized; 169,220,511 and 177,193,515 shares issued and outstanding as of December 31, 2022, and December 31, 2021, respectively	4,544	4,534	4,546	4,586	4,735	4,956	5,021	5,057
Retained earnings	6,707	6,762	9,445	9,346	9,578	9,360	9,242	8,769
Accumulated other comprehensive income (loss)	(7,668)	(8,628)	(4,337)	1,252	6,441	6,849	7,479	5,761
Total stockholders' equity	4,569	2,668	9,654	15,184	20,754	21,165	21,742	19,587	22,699
Total liabilities and stockholders' equity	335,108	324,174	335,346	365,538	386,945	376,896	379,878	366,573
As Previously Reported [Member]
Investments:
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $111,707; 2021 - $105,142; allowance for credit losses: 2022 - $22; 2021 - $19)	99,736	97,572	103,365	110,695	118,746	122,085	122,215	117,313
Trading securities	3,498	3,580	3,822	4,385	4,482	4,191	4,232	4,365
Equity securities	427	427	344	346	318	243	174	123
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $487; 2021 - $739)	18,301	18,066	17,922	17,892	17,991	17,730	17,586	17,255
Policy loans	2,359	2,347	2,368	2,339	2,364	2,379	2,410	2,502
Derivative investments	3,736	3,681	3,370	4,840	5,437	4,828	4,548	3,453
Other investments	3,739	3,820	4,054	4,127	4,292	4,069	3,950	3,548
Total investments	131,796	129,493	135,245	144,624	153,630	155,525	155,115	148,559
Cash and invested cash	3,343	1,472	1,567	1,960	2,612	2,614	2,389	1,350	$ 1,708
Deferred acquisition costs and value of business acquired	13,588	13,676	11,872	8,810	6,081	5,965	6,261	7,665
Accrued investment income	1,253	1,283	1,226	1,247	1,189	1,297	1,254	1,301
Reinsurance recoverables, net of allowance for credit losses	19,882	20,045	19,909	20,044	20,295	15,729	15,981	16,289
Goodwill	1,144	1,144	1,778	1,778	1,778	1,778	1,778	1,778
Other assets	20,895	20,275	18,381	18,587	19,133	18,477	18,575	18,479
Separate account assets	143,536	137,295	145,791	168,879	182,583	175,667	178,795	171,339
Total assets	335,437	324,683	335,769	365,929	387,301	377,052	380,148	366,760
Liabilities
Future contract benefits	42,151	41,716	39,306	39,773	41,030	40,641	40,250	39,591
Other contract holder funds	120,800	118,174	115,127	112,901	111,702	109,297	108,778	107,002
Short-term debt	500	500			300	300	300	300
Long-term debt	5,955	5,959	6,498	6,561	6,325	6,323	6,334	6,294
Payables for collateral on investments	6,712	6,865	7,524	8,927	8,946	8,379	8,199	7,597
Other liabilities	11,682	11,957	12,335	14,176	16,143	15,275	15,747	15,044
Separate account liabilities	143,536	137,295	145,791	168,879	182,583	175,667	178,795	171,339
Total liabilities	331,336	322,466	326,581	351,217	367,029	355,882	358,403	347,167
Contingencies and Commitments (See Note 13)
Stockholders' Equity
Preferred stock - 10,000,000 shares authorized
Common stock – 800,000,000 shares authorized; 169,220,511 and 177,193,515 shares issued and outstanding as of December 31, 2022, and December 31, 2021, respectively	4,544	4,534	4,546	4,586	4,735	4,956	5,021	5,057
Retained earnings	6,239	6,311	8,985	8,876	9,096	9,365	9,245	8,775
Accumulated other comprehensive income (loss)	(7,668)	(8,628)	(4,343)	1,250	6,441	6,849	7,479	5,761
Total stockholders' equity	4,101	2,217	9,188	14,712	20,272	21,170	21,745	19,593
Total liabilities and stockholders' equity	335,437	324,683	335,769	365,929	387,301	377,052	380,148	366,760
Restatement Impacts [Member]
Investments:
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $111,707; 2021 - $105,142; allowance for credit losses: 2022 - $22; 2021 - $19)			(48)	(32)	(35)
Trading securities			(19)	(21)	(22)	(21)	(21)	(21)
Equity securities			67	53	57	21	21	21
Derivative investments	(142)	(226)	(203)	(267)	260	247	182	29
Other investments		(7)	24	(5)	(4)	(3)	(2)	(1)
Total investments	(142)	(233)	(179)	(272)	256	244	180	28
Deferred acquisition costs and value of business acquired		8		1	2	1
Other assets	(187)	(284)	(244)	(120)	(614)	(401)	(450)	(215)
Total assets	(329)	(509)	(423)	(391)	(356)	(156)	(270)	(187)
Liabilities
Future contract benefits			3	3			1	1
Other contract holder funds		27	18	12	8	3
Other liabilities	(797)	(987)	(910)	(878)	(846)	(154)	(268)	(182)
Total liabilities	(797)	(960)	(889)	(863)	(838)	(151)	(267)	(181)
Contingencies and Commitments (See Note 13)
Stockholders' Equity
Preferred stock - 10,000,000 shares authorized
Retained earnings	468	451	460	470	482	(5)	(3)	(6)
Accumulated other comprehensive income (loss)			6	2
Total stockholders' equity	468	451	466	472	482	(5)	(3)	(6)
Total liabilities and stockholders' equity	(329)	$ (509)	$ (423)	$ (391)	$ (356)	$ (156)	$ (270)	$ (187)
Series C Preferred Stock [Member]
Stockholders' Equity
Preferred stock - 10,000,000 shares authorized	493
Series C Preferred Stock [Member] | As Previously Reported [Member]
Stockholders' Equity
Preferred stock - 10,000,000 shares authorized	493
Series D Preferred Stock [Member]
Stockholders' Equity
Preferred stock - 10,000,000 shares authorized	493
Series D Preferred Stock [Member] | As Previously Reported [Member]
Stockholders' Equity
Preferred stock - 10,000,000 shares authorized	$ 493

Quartelty Results of Operatio_2

Quartelty Results of Operations (Balance Sheets II) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
Available-for-sale securities, at fair value:
Fixed maturity securities (amortized cost)	$ 111,707	$ 111,058	$ 109,592	$ 107,587	$ 105,142	$ 107,459	$ 106,668	$ 105,866
Fixed maturity, ACL	22	18	12	20	19	17	9	14
Mortgage loans on real estate, fair value	$ 487	$ 495	$ 528	$ 537	$ 739	$ 792	$ 818	$ 874
Stockholders' Equity
Preferred stock - shares authorized (in shares)	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000
Common stock - shares authorized (in shares)	800,000,000	800,000,000	800,000,000	800,000,000	800,000,000	800,000,000	800,000,000	800,000,000
Common stock - shares issued (in shares)	169,220,511	169,214,493	170,224,116	171,890,974	177,193,515	186,089,222	189,089,948	191,149,192
Common stock - shares outstanding (in shares)	169,220,511	169,214,493	170,224,116	171,890,974	177,193,515	186,089,222	189,089,948	191,149,192
Series C Preferred Stock [Member]
Stockholders' Equity
Preferred stock - shares authorized (in shares)	20,000
Series D Preferred Stock [Member]
Stockholders' Equity
Preferred stock - shares authorized (in shares)	20,000

Quartelty Results of Operatio_3

Quartelty Results of Operations (Comprehesive Income (Loss)) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues
Insurance premiums	$ 1,564	$ 1,548	$ 1,498	$ 1,477	$ 1,419	$ 1,394	$ 1,404	$ 1,400					$ 6,087	$ 5,617	$ 5,372
Fee income	1,453	1,527	1,506	1,568	1,635	2,000	1,673	1,597					6,054	6,905	6,371
Net investment income	1,411	1,295	1,398	1,411	1,444	1,575	1,583	1,509					5,515	6,111	5,510
Realized gain (loss)	(407)	212	515	25	514	79	1	(180)	$ 540	$ (179)	$ 752	$ (100)	345	414	(513)
Amortization of deferred gain on business sold through reinsurance	10	10	11	11	11	9	9	9	22	17	31	27	42	38	41
Other revenues	191	189	160	182	206	181	192	198					723	777	658
Total revenues	4,222	4,781	5,088	4,674	5,229	5,238	4,862	4,533					18,766	19,862	17,439
Expenses
Interest credited	745	722	706	697	696	748	745	743					2,870	2,933	2,923
Benefits	1,985	5,103	2,890	2,568	2,251	2,121	1,930	2,227					12,546	8,529	8,677
Commissions and other expenses	1,382	1,355	1,123	1,235	1,330	1,908	1,325	1,231					5,096	5,794	5,064
Interest and debt expense	78	71	68	66	67	73	65	65					283	270	284
Spark program expense	48	44	44	31	31	22	21	13					167	87	68
Impairment of intangibles		634									634		634
Total expenses	4,238	7,929	4,831	4,597	4,375	4,872	4,086	4,279					21,596	17,613	17,016
Income (loss) before taxes	(16)	(3,148)	257	77	854	366	776	254					(2,830)	2,249	423
Federal income tax expense (benefit)	(37)	(565)	29	(15)	146	50	131	35					(589)	362	(76)
Net income (loss)	21	(2,583)	228	92	708	316	645	219	319	864	(2,264)	1,180	(2,241)	1,887	499
Total other comprehensive income (loss), net of tax	960	(4,291)	(5,589)	(5,189)	(408)	(630)	1,718	(3,170)					(14,109)	(2,490)	3,258
Comprehensive income (loss)	$ 981	$ (6,874)	$ (5,361)	$ (5,097)	$ 300	$ (314)	$ 2,363	$ (2,951)					$ (16,350)	$ (603)	$ 3,757
Net Income (Loss) Per Common Share
Basic (in dollars per share)	$ 0.12	$ (15.22)	$ 1.34	$ 0.53	$ 3.92	$ 1.69	$ 3.40	$ 1.14					$ (13.11)	$ 10.07	$ 2.58
Diluted (in dollars per share)	0.09	(15.23)	1.28	0.52	3.86	1.67	3.36	1.13					(13.19)	9.98	2.56
Cash Dividends Declared Per Common Share	$ 0.45	$ 0.45	$ 0.45	$ 0.45	$ 0.45	$ 0.42	$ 0.42	$ 0.42					$ 1.80	$ 1.71	$ 1.62
As Previously Reported [Member]
Revenues
Insurance premiums	$ 1,564	$ 1,548	$ 1,498	$ 1,477	$ 1,419	$ 1,394	$ 1,398	$ 1,406					$ 6,087	$ 5,617
Fee income	1,453	1,527	1,506	1,568	1,629	1,996	1,670	1,592					6,054	6,887
Net investment income	1,404	1,326	1,369	1,412	1,445	1,576	1,584	1,510					5,511	6,115
Realized gain (loss)	(435)	220	522	29	(114)	85	(2)	(181)	551	(182)	771	(97)	336	(212)
Amortization of deferred gain on business sold through reinsurance	18	18	19	19	19	9	9	9	38	17	56	27	74	46
Other revenues	191	159	190	182	206	181	192	198					722	777
Total revenues	4,195	4,798	5,104	4,687	4,604	5,241	4,851	4,534					18,784	19,230
Expenses
Interest credited	745	722	706	697	691	750	737	737					2,870	2,915
Benefits	1,985	5,106	2,890	2,565	2,251	2,122	1,930	2,226					12,546	8,529
Commissions and other expenses	1,374	1,358	1,127	1,236	1,328	1,906	1,326	1,231					5,095	5,791
Interest and debt expense	78	71	68	66	67	73	65	65					283	270
Spark program expense	48	44	44	31	31	22	21	13					167	87
Impairment of intangibles		634									634		634
Total expenses	4,230	7,935	4,835	4,595	4,368	4,873	4,079	4,272					21,595	17,592
Income (loss) before taxes	(35)	(3,137)	269	92	236	368	772	262					(2,811)	1,638
Federal income tax expense (benefit)	(40)	(563)	31	(12)	16	50	130	37					(584)	233
Net income (loss)	5	(2,574)	238	104	220	318	642	225	341	867	(2,233)	1,185	(2,227)	1,405
Total other comprehensive income (loss), net of tax	960	(4,285)	(5,593)	(5,191)	(408)	(630)	1,718	(3,170)					(14,109)	(2,490)
Comprehensive income (loss)	$ 965	$ (6,859)	$ (5,355)	$ (5,087)	$ (188)	$ (312)	$ 2,360	$ (2,945)					$ (16,336)	$ (1,085)
Net Income (Loss) Per Common Share
Basic (in dollars per share)	$ 0.04	$ (15.17)	$ 1.39	$ 0.60	$ 1.22	$ 1.70	$ 3.38	$ 1.17					$ (13.02)	$ 7.50
Diluted (in dollars per share)	0.01	(15.17)	1.34	0.58	1.20	1.68	3.34	1.16					(13.10)	7.43
Cash Dividends Declared Per Common Share	$ 0.45	$ 0.45	$ 0.45	$ 0.45	$ 0.45	$ 0.42	$ 0.42	$ 0.42					$ 1.80	$ 1.71
Restatement Impacts [Member]
Revenues
Insurance premiums							$ 6	$ (6)
Fee income					$ 6	$ 4	3	5						$ 18
Net investment income	$ 7	$ (31)	$ 29	$ (1)	(1)	(1)	(1)	(1)					$ 4	(4)
Realized gain (loss)	28	(8)	(7)	(4)	628	(6)	3	1	(11)	3	(19)	(3)	9	626
Amortization of deferred gain on business sold through reinsurance	(8)	(8)	(8)	(8)	(8)				(16)		(25)		(32)	(8)
Other revenues		30	(30)										1
Total revenues	27	(17)	(16)	(13)	625	(3)	11	(1)					(18)	632
Expenses
Interest credited					5	(2)	8	6						18
Benefits		(3)		3		(1)		1
Commissions and other expenses	8	(3)	(4)	(1)	2	2	(1)						1	3
Total expenses	8	(6)	(4)	2	7	(1)	7	7					1	21
Income (loss) before taxes	19	(11)	(12)	(15)	618	(2)	4	(8)					(19)	611
Federal income tax expense (benefit)	3	(2)	(2)	(3)	130		1	(2)					(5)	129
Net income (loss)	16	(9)	(10)	(12)	488	(2)	3	(6)	$ (22)	$ (3)	$ (31)	$ (5)	(14)	482
Total other comprehensive income (loss), net of tax		(6)	4	2
Comprehensive income (loss)	$ 16	$ (15)	$ (6)	$ (10)	$ 488	$ (2)	$ 3	$ (6)					$ (14)	$ 482
Net Income (Loss) Per Common Share
Basic (in dollars per share)	$ 0.08	$ (0.05)	$ (0.05)	$ (0.07)	$ 2.70	$ (0.01)	$ 0.02	$ (0.03)					$ (0.09)	$ 2.57
Diluted (in dollars per share)	$ 0.08	$ (0.06)	$ (0.06)	$ (0.06)	$ 2.66	$ (0.01)	$ 0.02	$ (0.03)					$ (0.09)	$ 2.55

Quartelty Results of Operatio_4

Quartelty Results of Operations (Stockholders' Equity) (Details) - USD ($) $ in Millions	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Balance	$ 2,668	$ 9,654	$ 15,184	$ 20,754	$ 21,165	$ 21,742	$ 19,587	$ 22,699	$ 20,754	$ 22,699	$ 20,754	$ 22,699	$ 20,754	$ 22,699
Net income (loss)	21	(2,583)	228	92	708	316	645	219	319	864	(2,264)	1,180	(2,241)	1,887	$ 499
Total other comprehensive income (loss), net of tax	960	(4,291)	(5,589)	(5,189)	(408)	(630)	1,718	(3,170)					(14,109)	(2,490)	3,258
Balance	4,569	2,668	9,654	15,184	20,754	21,165	21,742	19,587	9,654	21,742	2,668	21,165	4,569	20,754	22,699
Common Stock [Member]
Balance	4,534	4,546	4,586	4,735	4,956	5,021	5,057	5,082	4,735	5,082	4,735	5,082	4,735	5,082	5,162
Stock compensation/issued for benefit plans		15	9	6		16	23	25					40	85	48
Retirement of common stock/cancellation of shares		(27)	(49)	(155)		(81)	(59)	(50)					(231)	(432)	(128)
Balance	4,544	4,534	4,546	4,586	4,735	4,956	5,021	5,057	4,546	5,021	4,534	4,956	4,544	4,735	5,082
Retained Earnings [Member]
Balance	6,762	9,445	9,346	9,578	9,360	9,242	8,769	8,686	9,578	8,686	9,578	8,686	9,578	8,686	8,854
Net income (loss)		(2,583)	228	92		316	645	219					(2,241)	1,887	499
Retirement of common stock/cancellation of shares		(23)	(51)	(245)		(119)	(91)	(55)					(319)	(673)	(147)
Common stock dividends declared		(77)	(78)	(79)		(79)	(81)	(81)					(311)	(322)	(317)
Balance	6,707	6,762	9,445	9,346	9,578	9,360	9,242	8,769	9,445	9,242	6,762	9,360	6,707	9,578	8,686
Accumulated Other Comprehensive Income (Loss) [Member]
Balance	(8,628)	(4,337)	1,252	6,441	6,849	7,479	5,761	8,931	6,441	8,931	6,441	8,931	6,441	8,931	5,673
Total other comprehensive income (loss), net of tax		(4,291)	(5,589)	(5,189)		(630)	1,718	(3,170)					(14,109)	(2,490)	3,258
Balance	(7,668)	(8,628)	(4,337)	1,252	6,441	6,849	7,479	5,761	(4,337)	7,479	(8,628)	6,849	(7,668)	6,441	8,931
As Previously Reported [Member]
Balance	2,217	9,188	14,712	20,272	21,170	21,745	19,593		20,272		20,272		20,272
Net income (loss)	5	(2,574)	238	104	220	318	642	225	341	867	(2,233)	1,185	(2,227)	1,405
Total other comprehensive income (loss), net of tax	960	(4,285)	(5,593)	(5,191)	(408)	(630)	1,718	(3,170)					(14,109)	(2,490)
Balance	4,101	2,217	9,188	14,712	20,272	21,170	21,745	19,593	9,188	21,745	2,217	21,170	4,101	20,272
As Previously Reported [Member] | Common Stock [Member]
Balance	4,534	4,546	4,586	4,735	4,956	5,021	5,057	5,082	4,735	5,082	4,735	5,082	4,735	5,082
Stock compensation/issued for benefit plans		15	9	6		16	23	25					40	85
Retirement of common stock/cancellation of shares		(27)	(49)	(155)		(81)	(59)	(50)					(231)	(432)
Balance	4,544	4,534	4,546	4,586	4,735	4,956	5,021	5,057	4,546	5,021	4,534	4,956	4,544	4,735	5,082
As Previously Reported [Member] | Retained Earnings [Member]
Balance	6,311	8,985	8,876	9,096	9,365	9,245	8,775	8,686	9,096	8,686	9,096	8,686	9,096	8,686
Net income (loss)		(2,574)	238	104		318	642	225					(2,227)	1,405
Retirement of common stock/cancellation of shares		(23)	(51)	(245)		(119)	(91)	(55)					(319)	(673)
Common stock dividends declared		(77)	(78)	(79)		(79)	(81)	(81)					(311)	(322)
Balance	6,239	6,311	8,985	8,876	9,096	9,365	9,245	8,775	8,985	9,245	6,311	9,365	6,239	9,096	8,686
As Previously Reported [Member] | Accumulated Other Comprehensive Income (Loss) [Member]
Balance	(8,628)	(4,343)	1,250	6,441	6,849	7,479	5,761	8,931	6,441	8,931	6,441	8,931	6,441	8,931
Total other comprehensive income (loss), net of tax		(4,285)	(5,593)	(5,191)		(630)	1,718	(3,170)					(14,109)	(2,490)
Balance	(7,668)	(8,628)	(4,343)	1,250	6,441	6,849	7,479	5,761	(4,343)	7,479	(8,628)	6,849	(7,668)	6,441	$ 8,931
Restatement Impacts [Member]
Balance	451	466	472	482	(5)	(3)	(6)		482		482		482
Net income (loss)	16	(9)	(10)	(12)	488	(2)	3	(6)	(22)	(3)	(31)	(5)	(14)	482
Total other comprehensive income (loss), net of tax		(6)	4	2
Balance	468	451	466	472	482	(5)	(3)	(6)	466	(3)	451	(5)	468	482
Restatement Impacts [Member] | Retained Earnings [Member]
Balance	451	460	470	482	(5)	(3)	(6)		482		482		482
Net income (loss)		(9)	(10)	(12)		(2)	3	(6)					(14)	482
Balance	$ 468	451	460	470	$ 482	$ (5)	$ (3)	$ (6)	460	$ (3)	$ 451	$ (5)	$ 468	$ 482
Restatement Impacts [Member] | Accumulated Other Comprehensive Income (Loss) [Member]
Balance		6	2
Total other comprehensive income (loss), net of tax		$ (6)	4	2
Balance			$ 6	$ 2					$ 6

Quartelty Results of Operatio_5

Quartelty Results of Operations (Cash Flows) (Details) - USD ($) $ in Millions	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash Flows from Operating Activities
Net income (loss)	$ 21	$ (2,583)	$ 228	$ 92	$ 708	$ 316	$ 645	$ 219	$ 319	$ 864	$ (2,264)	$ 1,180	$ (2,241)	$ 1,887	$ 499
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Realized (gain) loss	407	(212)	(515)	(25)	(514)	(79)	(1)	180	(540)	179	(752)	100	(345)	(414)	513
Sales and maturities (purchases) of trading securities, net				(187)				118	117	230	163	239	300	(87)	266
Amortization of deferred gain on business sold through reinsurance	(10)	(10)	(11)	(11)	(11)	(9)	(9)	(9)	(22)	(17)	(31)	(27)	(42)	(38)	(41)
Impairment of intangibles		634									634		634
Change in:
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization				31				54		112	74	346	118	312	48
Premiums and fees receivable				(91)				(161)	(76)	(97)	(3)	(98)	(54)	(93)	(21)
Accrued investment income				(35)				(41)	(40)	(10)	(80)	(34)	(67)	16	(84)
Insurance liabilities and reinsurance-related balances				1,275				(762)	3,116	(1,431)	6,166	(1,779)	5,958	(1,955)	(699)
Accrued expenses				(262)				(40)	(371)	42	(402)	246	(89)	392	(18)
Federal income tax accruals				39				35	69	166	(498)	215	(535)	361	(98)
Other				(74)				(216)	135	(251)	383	(263)	399	(213)	169
Net cash provided by (used in) operating activities				752				(623)	2,707	(213)	3,390	125	4,036	168	534
Cash Flows from Investing Activities
Purchases of available-for-sale securities and equity securities				(3,934)				(3,854)	(8,204)	(8,324)	(12,008)	(11,917)	(14,813)	(16,915)	(16,761)
Sales of available-for-sale securities and equity securities				105				571	308	1,269	1,196	1,452	2,297	2,268	1,426
Maturities of available-for-sale securities				1,604				1,913	3,231	4,700	4,333	7,055	5,453	9,621	5,354
Purchases of alternative investments				(161)				(163)	(329)	(361)	(484)	(506)	(664)	(757)	(396)
Sales and repayments of alternative investments				131				54	183	128	383	258	446	377	171
Issuance of mortgage loans on real estate				(539)				(887)	(1,366)	(1,632)	(1,924)	(2,210)	(2,507)	(3,079)	(1,800)
Repayment and maturities of mortgage loans on real estate				717				403	1,428	851	1,872	1,274	2,255	1,881	1,154
Repayment (issuance) of policy loans, net				25				(76)	(5)	16	17	48	5	62	50
Net change in collateral on investments, derivatives and related settlements				16				1,341	(1,893)	1,888	(3,155)	2,312	(4,070)	3,261	1,474
Other				(104)				(33)	(101)	(71)	(93)	(219)	(48)	(303)	(153)
Net cash provided by (used in) investing activities				(2,140)				(731)	(6,748)	(1,536)	(9,863)	(2,453)	(11,646)	(3,584)	(9,481)
Cash Flows from Financing Activities
Payment of long-term debt, including current maturities				(300)					(300)		(300)		(300)		(1,096)
Issuance of long-term debt, net of issuance costs				297					297		296		296		1,289
Payment related to modification or early extinguishment of debt												(8)		(8)	(13)
Payment related to sale-leaseback transactions				(4)					(47)		(52)		(70)	(59)	(47)
Proceeds from certain financing arrangements									53	50	53	50	186	159	109
Deposits of fixed account values, including the fixed portion of variable				3,046				3,140	6,900	6,378	11,062	9,152	15,229	12,643	14,034
Withdrawals of fixed account values, including the fixed portion of variable				(1,884)				(1,773)	(3,352)	(3,276)	(4,997)	(4,961)	(6,913)	(6,554)	(6,113)
Transfers from (to) separate accounts, net				70				(130)	116	(255)	71	(254)	(195)	(397)	528
Common stock issued for benefit plans				(10)				7	(14)	12	(15)	14	(16)	20	(7)
Issuance of preferred stock, net of issuance costs													986
Repurchase of common stock				(400)				(105)	(500)	(255)	(550)	(455)	(550)	(1,105)	(275)
Dividends paid to common stockholders				(79)				(80)	(157)	(161)	(234)	(241)	(310)	(319)	(311)
Other								(63)		(63)	(1)	(63)	(2)	(60)	(6)
Net cash provided by (used in) financing activities				736				996	2,996	2,430	5,333	3,234	8,341	4,320	8,092
Net increase (decrease) in cash, invested cash and restricted cash				(652)				(358)	(1,045)	681	(1,140)	906	731	904	(855)
Cash, invested cash and restricted cash as of beginning-of-year	1,472	1,567	1,960	2,612	2,614	2,389	1,350	1,708	2,612	1,708	2,612	1,708	2,612	1,708	2,563
Cash, invested cash and restricted cash as of end-of-period	3,343	1,472	1,567	1,960	2,612	2,614	2,389	1,350	1,567	2,389	1,472	2,614	3,343	2,612	1,708
As Previously Reported [Member]
Cash Flows from Operating Activities
Net income (loss)	5	(2,574)	238	104	220	318	642	225	341	867	(2,233)	1,185	(2,227)	1,405
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Realized (gain) loss	435	(220)	(522)	(29)	114	(85)	2	181	(551)	182	(771)	97	(336)	212
Sales and maturities (purchases) of trading securities, net				(187)				98	117	210	163	219	300	(108)
Amortization of deferred gain on business sold through reinsurance	(18)	(18)	(19)	(19)	(19)	(9)	(9)	(9)	(38)	(17)	(56)	(27)	(74)	(46)
Impairment of intangibles		634									634		634
Change in:
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization				31				54	2	115	80	348	115	315
Premiums and fees receivable				(91)				(167)	(76)	(97)	(3)	(98)	(54)	(93)
Accrued investment income				(35)				(41)	(40)	(10)	(80)	(34)	(67)	16
Insurance liabilities and reinsurance-related balances				1,271				(764)	3,083	(1,438)	6,166	(1,779)	5,956	(1,954)
Accrued expenses				(262)				(40)	(371)	42	(402)	246	(89)	389
Federal income tax accruals				42				37	74	167	(490)	216	(530)	232
Other				(72)				(216)	167	(252)	386	(265)	405	(217)
Net cash provided by (used in) operating activities				753				(642)	2,708	(231)	3,394	108	4,033	151
Cash Flows from Investing Activities
Purchases of available-for-sale securities and equity securities				(3,934)				(3,834)	(8,204)	(8,304)	(12,008)	(11,897)	(14,813)	(16,893)
Sales of available-for-sale securities and equity securities				105				571	308	1,269	1,196	1,452	2,297	2,268
Maturities of available-for-sale securities				1,604				1,913	3,231	4,700	4,333	7,055	5,453	9,621
Purchases of alternative investments				(161)				(163)	(329)	(361)	(484)	(506)	(664)	(757)
Sales and repayments of alternative investments				131				54	183	128	383	258	446	377
Issuance of mortgage loans on real estate				(540)				(888)	(1,368)	(1,634)	(1,928)	(2,213)	(2,503)	(3,084)
Repayment and maturities of mortgage loans on real estate				717				403	1,428	851	1,872	1,274	2,255	1,881
Repayment (issuance) of policy loans, net				25				(76)	(5)	16	17	48	5	62
Net change in collateral on investments, derivatives and related settlements				16				1,341	(1,892)	1,888	(3,155)	2,312	(4,071)	3,261
Other				(104)				(33)	(101)	(71)	(93)	(219)	(48)	(303)
Net cash provided by (used in) investing activities				(2,141)				(712)	(6,749)	(1,518)	(9,867)	(2,436)	(11,643)	(3,567)
Cash Flows from Financing Activities
Payment of long-term debt, including current maturities				(300)					(300)		(300)		(300)
Issuance of long-term debt, net of issuance costs				297					297		296		296
Payment related to modification or early extinguishment of debt												(8)		(8)
Payment related to sale-leaseback transactions				(4)					(47)		(52)		(70)	(59)
Proceeds from certain financing arrangements									53	50	53	50	186	159
Deposits of fixed account values, including the fixed portion of variable				3,048				3,136	6,900	6,375	11,067	9,150	15,229	12,639
Withdrawals of fixed account values, including the fixed portion of variable				(1,830)				(1,777)	(3,298)	(3,299)	(4,943)	(4,961)	(6,913)	(6,607)
Transfers from (to) separate accounts, net				14				(122)	62	(229)	12	(252)	(195)	(340)
Common stock issued for benefit plans				(10)				7	(14)	12	(15)	14	(16)	20
Issuance of preferred stock, net of issuance costs													986
Repurchase of common stock				(400)				(105)	(500)	(255)	(550)	(455)	(550)	(1,105)
Dividends paid to common stockholders				(79)				(80)	(157)	(161)	(234)	(241)	(310)	(319)
Other								(63)		(63)	(1)	(63)	(2)	(60)
Net cash provided by (used in) financing activities				736				996	2,996	2,430	5,333	3,234	8,341	4,320
Net increase (decrease) in cash, invested cash and restricted cash				(652)				(358)	(1,045)	681	(1,140)	906	731	904
Cash, invested cash and restricted cash as of beginning-of-year	1,472	1,567	1,960	2,612	2,614	2,389	1,350	1,708	2,612	1,708	2,612	1,708	2,612	1,708
Cash, invested cash and restricted cash as of end-of-period	3,343	1,472	1,567	1,960	2,612	2,614	2,389	1,350	1,567	2,389	1,472	2,614	3,343	2,612	$ 1,708
Restatement Impacts [Member]
Cash Flows from Operating Activities
Net income (loss)	16	(9)	(10)	(12)	488	(2)	3	(6)	(22)	(3)	(31)	(5)	(14)	482
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Realized (gain) loss	(28)	8	7	4	(628)	$ 6	$ (3)	(1)	11	(3)	19	3	(9)	(626)
Sales and maturities (purchases) of trading securities, net								20		20		20		21
Amortization of deferred gain on business sold through reinsurance	$ 8	$ 8	$ 8	8	$ 8				16		25		32	8
Change in:
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization									(2)	(3)	(6)	(2)	3	(3)
Premiums and fees receivable								6
Insurance liabilities and reinsurance-related balances				4				2	33	7			2	(1)
Accrued expenses														3
Federal income tax accruals				(3)				(2)	(5)	(1)	(8)	(1)	(5)	129
Other				(2)					(32)	1	(3)	2	(6)	4
Net cash provided by (used in) operating activities				(1)				19	(1)	18	(4)	17	3	17
Cash Flows from Investing Activities
Purchases of available-for-sale securities and equity securities								(20)		(20)		(20)		(22)
Issuance of mortgage loans on real estate				1				1	2	2	4	3	(4)	5
Net change in collateral on investments, derivatives and related settlements									(1)				1
Net cash provided by (used in) investing activities				1				(19)	1	(18)	4	(17)	$ (3)	(17)
Cash Flows from Financing Activities
Deposits of fixed account values, including the fixed portion of variable				(2)				4		3	(5)	2		4
Withdrawals of fixed account values, including the fixed portion of variable				(54)				4	(54)	23	(54)			53
Transfers from (to) separate accounts, net				$ 56				$ (8)	$ 54	$ (26)	$ 59	$ (2)		$ (57)

SCHEDULE I - CONSOLIDATED SUM_2

SCHEDULE I - CONSOLIDATED SUMMARY OF INVESTMENTS - OTHER THAN INVESTMENTS IN RELATED PARTIES (Details) - Parent Company [Member] - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Summary of investments, other than investments in related parties [Line Items]
Cost	$ 142,317
Carrying Value	131,654
Derivative Liabilities	6,455	$ 6,325
Trading Securities [Member]
Summary of investments, other than investments in related parties [Line Items]
Cost	3,833
Fair Value	3,498
Carrying Value	3,498
Mortgage Loans On Real Estate [Member]
Summary of investments, other than investments in related parties [Line Items]
Cost	18,427
Fair Value	16,553
Carrying Value	18,301
Policy loans [Member]
Summary of investments, other than investments in related parties [Line Items]
Cost	2,359
Carrying Value	2,359
Derivative Instruments [Member]
Summary of investments, other than investments in related parties [Line Items]
Cost	1,869
Fair Value	3,594
Carrying Value	3,594
Other Investments [Member]
Summary of investments, other than investments in related parties [Line Items]
Cost	3,739
Fair Value	3,739
Carrying Value	3,739
Fixed Maturity AFS Securities [Member]
Summary of investments, other than investments in related parties [Line Items]
Cost	111,707
Fair Value	99,736
Carrying Value	99,736
Fixed Maturity AFS Securities [Member] | Mortgage-Backed And Asset-Backed Securities [Member]
Summary of investments, other than investments in related parties [Line Items]
Cost	15,930
Fair Value	14,587
Carrying Value	14,587
Fixed Maturity AFS Securities [Member] | Hybrid And Redeemable Preferred Securities [Member]
Summary of investments, other than investments in related parties [Line Items]
Cost	365
Fair Value	359
Carrying Value	359
Fixed Maturity AFS Securities [Member] | Bonds [Member] | U.S. government and government agencies and authorities [Member]
Summary of investments, other than investments in related parties [Line Items]
Cost	405
Fair Value	379
Carrying Value	379
Fixed Maturity AFS Securities [Member] | Bonds [Member] | Foreign governments [Member]
Summary of investments, other than investments in related parties [Line Items]
Cost	348
Fair Value	318
Carrying Value	318
Fixed Maturity AFS Securities [Member] | Bonds [Member] | State And Municipal Bonds [Member]
Summary of investments, other than investments in related parties [Line Items]
Cost	5,410
Fair Value	5,070
Carrying Value	5,070
Fixed Maturity AFS Securities [Member] | Bonds [Member] | Public utilities [Member]
Summary of investments, other than investments in related parties [Line Items]
Cost	14,204
Fair Value	12,493
Carrying Value	12,493
Fixed Maturity AFS Securities [Member] | Bonds [Member] | All other corporate bonds [Member]
Summary of investments, other than investments in related parties [Line Items]
Cost	75,045
Fair Value	66,530
Carrying Value	66,530
Equity Securities [Member]
Summary of investments, other than investments in related parties [Line Items]
Cost	383
Fair Value	427
Carrying Value	427
Equity Securities [Member] | Nonredeemable preferred securities [Member]
Summary of investments, other than investments in related parties [Line Items]
Cost	285
Fair Value	234
Carrying Value	234
Equity Securities [Member] | Common Stock [Member] | Banks, trusts, and insurance companies [Member]
Summary of investments, other than investments in related parties [Line Items]
Cost	48
Fair Value	47
Carrying Value	47
Equity Securities [Member] | Common Stock [Member] | Industrial, miscellaneous and all other [Member]
Summary of investments, other than investments in related parties [Line Items]
Cost	50
Fair Value	146
Carrying Value	$ 146

SCHEDULE II - CONDENSED FINAN_2

SCHEDULE II - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Balance Sheets) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets
Derivative investments	$ 3,594	$ 3,455	$ 3,167	$ 4,573	$ 5,697	$ 5,075	$ 4,730	$ 3,482
Other investments	3,739	3,813	4,078	4,122	4,288	4,066	3,948	3,547
Cash and invested cash	3,343	1,472	1,567	1,960	2,612	2,614	2,389	1,350	$ 1,708	$ 2,563
Other assets	20,708	19,991	18,137	18,467	18,519	18,076	18,125	18,264
Total assets	335,108	324,174	335,346	365,538	386,945	376,896	379,878	366,573
Liabilities
Short-term debt	500	500			300	300	300	300
Long-term debt	5,955	5,959	6,498	6,561	6,325	6,323	6,334	6,294
Payables for collateral on investments	6,712	6,865	7,524	8,927	8,946	8,379	8,199	7,597
Other liabilities	10,885	10,970	11,425	13,298	15,297	15,121	15,479	14,862
Total liabilities	330,539	321,506	325,692	350,354	366,191	355,731	358,136	346,986
Contingencies and Commitments
Stockholders' Equity
Preferred stock - 10,000,000 shares authorized
Common stock - 800,000,000 shares authorized	4,544	4,534	4,546	4,586	4,735	4,956	5,021	5,057
Retained earnings	6,707	6,762	9,445	9,346	9,578	9,360	9,242	8,769
Accumulated other comprehensive income (loss)	(7,668)	(8,628)	(4,337)	1,252	6,441	6,849	7,479	5,761
Total stockholders' equity	4,569	2,668	9,654	15,184	20,754	21,165	21,742	19,587	22,699
Total Liabilities and Stockholders' Equity	335,108	$ 324,174	$ 335,346	$ 365,538	386,945	$ 376,896	$ 379,878	$ 366,573
Series C Preferred Stock [Member]
Stockholders' Equity
Preferred stock - 10,000,000 shares authorized	493
Series D Preferred Stock [Member]
Stockholders' Equity
Preferred stock - 10,000,000 shares authorized	493
Parent Company [Member]
Assets
Investments in subsidiaries	9,249				25,171
Derivative investments	119
Other investments	92				761
Cash and invested cash	715				203				$ 114	$ 577
Loans and accrued interest to subsidiaries	2,491				3,194
Other assets	101				159
Total assets	12,767				29,488
Liabilities
Common stock dividends payable	679				1,247
Derivative investments liability	6,455				6,325
Short-term debt	500				300
Long-term debt					425
Loans from subsidiaries	76				80
Other liabilities	488				357
Total liabilities	8,198				8,734
Stockholders' Equity
Common stock - 800,000,000 shares authorized	4,544				4,735
Retained earnings	6,707				9,578
Accumulated other comprehensive income (loss)	(7,668)				6,441
Total stockholders' equity	4,569				20,754
Total Liabilities and Stockholders' Equity	12,767				$ 29,488
Parent Company [Member] | Series D Preferred Stock [Member]
Stockholders' Equity
Preferred stock - 10,000,000 shares authorized	$ 493

SCHEDULE II - CONDENSED FINAN_3

SCHEDULE II - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Balance Sheets) (Additional Information) (Details) - shares	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
Stockholders' Equity Parenthetical Information
Preferred stock - shares authorized (in shares)	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000
Preferred stock - shares issued (in shares)	40,000
Preferred stock - shares outstanding (in shares)	40,000
Common stock - shares authorized (in shares)	800,000,000	800,000,000	800,000,000	800,000,000	800,000,000	800,000,000	800,000,000	800,000,000
Common Stock Shares Issued	169,220,511	169,214,493	170,224,116	171,890,974	177,193,515	186,089,222	189,089,948	191,149,192
Common Stock Shares Outstanding	169,220,511	169,214,493	170,224,116	171,890,974	177,193,515	186,089,222	189,089,948	191,149,192
Parent Company [Member]
Stockholders' Equity Parenthetical Information
Common stock - shares authorized (in shares)	800,000,000				800,000,000
Common Stock Shares Issued	169,220,511				177,193,515
Common Stock Shares Outstanding	169,220,511				177,193,515
Series C Preferred Stock [Member]
Stockholders' Equity Parenthetical Information
Preferred stock - shares authorized (in shares)	20,000
Preferred stock - shares issued (in shares)	20,000
Preferred stock - shares outstanding (in shares)	20,000
Series C Preferred Stock [Member] | Parent Company [Member]
Stockholders' Equity Parenthetical Information
Preferred stock - shares authorized (in shares)	20,000
Preferred stock - shares issued (in shares)	20,000
Preferred stock - shares outstanding (in shares)	20,000
Series D Preferred Stock [Member]
Stockholders' Equity Parenthetical Information
Preferred stock - shares authorized (in shares)	20,000
Preferred stock - shares issued (in shares)	20,000
Preferred stock - shares outstanding (in shares)	20,000
Series D Preferred Stock [Member] | Parent Company [Member]
Stockholders' Equity Parenthetical Information
Preferred stock - shares authorized (in shares)	20,000
Preferred stock - shares issued (in shares)	20,000
Preferred stock - shares outstanding (in shares)	20,000

SCHEDULE II - CONDENSED FINAN_4

SCHEDULE II - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Statements of Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues
Net investment income	$ 1,411	$ 1,295	$ 1,398	$ 1,411	$ 1,444	$ 1,575	$ 1,583	$ 1,509					$ 5,515	$ 6,111	$ 5,510
Other revenues	191	189	160	182	206	181	192	198					723	777	658
Total revenues	4,222	4,781	5,088	4,674	5,229	5,238	4,862	4,533					18,766	19,862	17,439
Expenses
Operating and administrative expenses													2,241	2,251	2,072
Total expenses	4,238	7,929	4,831	4,597	4,375	4,872	4,086	4,279					21,596	17,613	17,016
Income (loss) before federal income taxes, equity in income (loss) of subsidiaries	(16)	(3,148)	257	77	854	366	776	254					(2,830)	2,249	423
Federal income tax expense (benefit)	(37)	(565)	29	(15)	146	50	131	35					(589)	362	(76)
Net income (loss)	21	(2,583)	228	92	708	316	645	219	$ 319	$ 864	$ (2,264)	$ 1,180	(2,241)	1,887	499
Other comprehensive income (loss), net of tax:
Unrealized investment gains (losses)													(14,030)	(2,535)	3,192
Foreign currency translation adjustment													(20)	(2)	5
Funded status of employee benefit plans													(59)	47	61
Total other comprehensive income (loss), net of tax	960	(4,291)	(5,589)	(5,189)	(408)	(630)	1,718	(3,170)					(14,109)	(2,490)	3,258
Comprehensive income (loss)	$ 981	$ (6,874)	$ (5,361)	$ (5,097)	$ 300	$ (314)	$ 2,363	$ (2,951)					(16,350)	(603)	3,757
Parent Company [Member]
Revenues
Dividends from subsidiaries													797	2,060	840
Interest from subsidiaries													159	114	127
Net investment income													3	1	4
Total revenues													959	2,175	971
Expenses
Operating and administrative expenses													52	69	50
Interest - subsidiaries													38	10	20
Interest - other													266	263	275
Total expenses													356	342	345
Income (loss) before federal income taxes, equity in income (loss) of subsidiaries													603	1,833	626
Federal income tax expense (benefit)													(42)	(49)	(45)
Income (loss) before equity in income (loss) of subsidiaries													645	1,882	671
Equity in income (loss) of subsidiaries													(2,886)	5	(172)
Net income (loss)													(2,241)	1,887	499
Other comprehensive income (loss), net of tax:
Unrealized investment gains (losses)													(14,030)	(2,535)	3,192
Foreign currency translation adjustment													(20)	(2)	5
Funded status of employee benefit plans													(59)	47	61
Total other comprehensive income (loss), net of tax													(14,109)	(2,490)	3,258
Comprehensive income (loss)													$ (16,350)	$ (603)	$ 3,757

SCHEDULE II - CONDENSED FINAN_5

SCHEDULE II - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Statements Of Cash Flows) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash Flows from Operating Activities
Net cash provided by (used in) operating activities	$ 752	$ (623)	$ 2,707	$ (213)	$ 3,390	$ 125	$ 4,036	$ 168	$ 534
Cash Flows from Investing Activities
Net change in collateral on investments, derivatives and related settlements	16	1,341	(1,893)	1,888	(3,155)	2,312	(4,070)	3,261	1,474
Other	(104)	(33)	(101)	(71)	(93)	(219)	(48)	(303)	(153)
Net cash provided by (used in) investing activities	(2,140)	(731)	(6,748)	(1,536)	(9,863)	(2,453)	(11,646)	(3,584)	(9,481)
Cash Flows from Financing Activities
Payment of long-term debt, including current maturities	(300)		(300)		(300)		(300)		(1,096)
Issuance of long-term debt, net of issuance costs	297		297		296		296		1,289
Payment related to modification or early extinguishment of debt						(8)		(8)	(13)
Issuance of preferred stock, net of issuance costs							986
Repurchase of common stock	(400)	(105)	(500)	(255)	(550)	(455)	(550)	(1,105)	(275)
Dividends paid to common stockholders	(79)	(80)	(157)	(161)	(234)	(241)	(310)	(319)	(311)
Other		(63)		(63)	(1)	(63)	(2)	(60)	(6)
Net cash provided by (used in) financing activities	736	996	2,996	2,430	5,333	3,234	8,341	4,320	8,092
Net increase (decrease) in cash, invested cash and restricted cash	(652)	(358)	(1,045)	681	(1,140)	906	731	904	(855)
Cash, invested cash and restricted cash as of beginning-of-year	2,612	1,708	2,612	1,708	2,612	1,708	2,612	1,708	2,563
Cash, invested cash and restricted cash as of end-of-period	1,960	1,350	1,567	2,389	1,472	2,614	3,343	2,612	1,708
Parent Company [Member]
Cash Flows from Operating Activities
Net cash provided by (used in) operating activities							608	1,860	726
Cash Flows from Investing Activities
Capital contribution to subsidiaries							(925)	(65)	(518)
Net change in collateral on investments, derivatives and related settlements							583	168	(303)
Other							(5)	(40)
Net cash provided by (used in) investing activities							(347)	63	(821)
Cash Flows from Financing Activities
Payment of long-term debt, including current maturities							(300)		(1,096)
Issuance of long-term debt, net of issuance costs							296		1,289
Payment related to modification or early extinguishment of debt								(8)	(13)
Increase (decrease) in loans from subsidiaries, net							(563)	(188)	565
Increase (decrease) in loans to subsidiaries, net							708	(234)	(514)
Common stock issued for benefit plans							(16)	20	(7)
Issuance of preferred stock, net of issuance costs							986
Repurchase of common stock							(550)	(1,105)	(275)
Dividends paid to common stockholders							(310)	(319)	(311)
Other									(6)
Net cash provided by (used in) financing activities							251	(1,834)	(368)
Net increase (decrease) in cash, invested cash and restricted cash							512	89	(463)
Cash, invested cash and restricted cash as of beginning-of-year	$ 203	$ 114	$ 203	$ 114	$ 203	$ 114	203	114	577
Cash, invested cash and restricted cash as of end-of-period							$ 715	$ 203	$ 114

SCHEDULE III - CONDENSED SUPPLE

SCHEDULE III - CONDENSED SUPPLEMENTARY INSURANCE INFORMATION (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
Supplementary Insurance Information, by Segment [Line Items]
DAC and VOBA	$ 13,588	$ 6,083	$ 5,812	$ 13,684	$ 11,872	$ 8,811	$ 5,966	$ 6,261	$ 7,665
Future Contract Benefits	42,151	41,030	40,814
Other Contract Holder Funds	120,800	111,710	105,405
Insurance Premiums	6,087	5,617	5,372
Net Investment Income	5,515	6,111	5,510
Benefits and Interest Credited	15,416	11,462	11,600
Amortization of DAC and VOBA	1,017	1,631	1,294
Other Operating Expenses	4,528	4,527	4,138
Premiums Written
Annuities Segment [Member]
Supplementary Insurance Information, by Segment [Line Items]
DAC and VOBA	4,704	4,088	3,782
Future Contract Benefits	5,556	4,181	4,183
Other Contract Holder Funds	45,487	41,627	35,218
Insurance Premiums	165	116	121
Net Investment Income	1,463	1,400	1,272
Benefits and Interest Credited	2,478	1,092	1,245
Amortization of DAC and VOBA	270	462	365
Other Operating Expenses	1,562	1,679	1,467
Premiums Written
Retirement Plan Services Segment [Member]
Supplementary Insurance Information, by Segment [Line Items]
DAC and VOBA	301	152	120
Future Contract Benefits	18	15	11
Other Contract Holder Funds	25,133	23,635	22,912
Net Investment Income	976	991	933
Benefits and Interest Credited	633	620	617
Amortization of DAC and VOBA	18	32	29
Other Operating Expenses	378	387	375
Premiums Written
Life Insurance Segment [Member]
Supplementary Insurance Information, by Segment [Line Items]
DAC and VOBA	8,419	1,672	1,723
Future Contract Benefits	20,208	20,389	20,127
Other Contract Holder Funds	44,129	39,717	39,797
Insurance Premiums	1,146	1,033	950
Net Investment Income	2,586	3,207	2,823
Benefits and Interest Credited	8,338	5,732	6,077
Amortization of DAC and VOBA	623	1,030	786
Other Operating Expenses	715	739	720
Premiums Written
Group Protection Segment [Member]
Supplementary Insurance Information, by Segment [Line Items]
DAC and VOBA	164	171	187
Future Contract Benefits	6,580	6,326	5,986
Other Contract Holder Funds	213	214	213
Insurance Premiums	4,768	4,450	4,280
Net Investment Income	334	365	330
Benefits and Interest Credited	3,849	3,895	3,505
Amortization of DAC and VOBA	106	107	114
Other Operating Expenses	1,220	1,154	1,120
Premiums Written
Other Operations [Member]
Supplementary Insurance Information, by Segment [Line Items]
Future Contract Benefits	9,789	10,119	10,507
Other Contract Holder Funds	5,838	6,517	7,265
Insurance Premiums	8	18	21
Net Investment Income	156	148	152
Benefits and Interest Credited	118	123	156
Other Operating Expenses	653	568	456
Premiums Written

SCHEDULE IV - CONSOLIDATED RE_2

SCHEDULE IV - CONSOLIDATED REINSURANCE (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Consolidated reinsurance, net [Abstract]
Premiums Earned, Net, Total	$ 1,564	$ 1,548	$ 1,498	$ 1,477	$ 1,419	$ 1,394	$ 1,404	$ 1,400	$ 6,087	$ 5,617	$ 5,372
Reinsurance Related [Member]
Consolidated reinsurance, net [Abstract]
Gross Amount									13,941	14,172	13,304
Ceded to Other Companies									1,898	1,744	1,656
Assumed from Other Companies									98	94	95
Premiums Earned, Net, Total									12,141	12,522	11,743
Gross Amount, Life Insurance in Force	2,028,279				1,845,479				2,028,279	1,845,479	1,653,625
Ceded to Other Companies, Life Insurance in Force	831,478				776,226				831,478	776,226	674,256
Assumed from Other Companies, Life Insurance in Force	6,512				7,659				6,512	7,659	7,875
Premiums, Net, Life Insurance in Force, Total	$ 1,203,313				$ 1,076,912				$ 1,203,313	$ 1,076,912	$ 987,244
Percentage of Amount Assumed to Net, Life Insurance in Force	0.50%				0.70%				0.50%	0.70%	0.80%
Life Insurance And Annuity Reserves And Claims Due [Member] | Reinsurance Related [Member]
Consolidated reinsurance, net [Abstract]
Gross Amount									$ 10,698	$ 11,122	$ 10,474
Ceded to Other Companies									1,864	1,707	1,621
Assumed from Other Companies									94	88	88
Premiums Earned, Net, Total									$ 8,928	$ 9,503	$ 8,941
Percentage of Amount Assumed to Net									1.10%	0.90%	1%
Accident And Health Life Insurance Reserves [Member] | Reinsurance Related [Member]
Consolidated reinsurance, net [Abstract]
Gross Amount									$ 3,243	$ 3,050	$ 2,830
Ceded to Other Companies									34	37	35
Assumed from Other Companies									4	6	7
Premiums Earned, Net, Total									$ 3,213	$ 3,019	$ 2,802
Percentage of Amount Assumed to Net									0.10%	0.20%	0.20%