Fidelity National Financial (FNF) 10-Q5 Nov 212021 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2021	Oct. 31, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Document Transition Report	false
Entity File Number	001-32630
Entity Registrant Name	FIDELITY NATIONAL FINANCIAL, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	16-1725106
Entity Address, Address Line One	601 Riverside Avenue
Entity Address, City or Town	Jacksonville
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	32204
City Area Code	904
Local Phone Number	854-8100
Title of 12(b) Security	FNF Common Stock, $0.0001 par value
Trading Symbol	FNF
Security Exchange Name	NYSE
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 Common Stock, Shares Outstanding		284,531,737
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001331875
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Investments:
Fixed maturity securities, available for sale	$ 30,435	$ 27,587
Derivative investments	581	548
Mortgage loans, net of allowance for credit losses of $33 and $39 at September 30, 2021 and December 31, 2020, respectively	3,484	2,031
Investments in unconsolidated affiliates	2,160	1,294
Other long-term investments	492	482
Short-term investments, at September 30, 2021 and December 31, 2020 includes pledged short-term investments of $3 and $1, respectively, related to secured trust deposits	527	769
Total investments	40,274	35,047
Cash and cash equivalents, at September 30, 2021 and December 31, 2020 includes $694 and $270, respectively, of pledged cash related to secured trust deposits	5,148	2,719
Trade and notes receivables, net of allowance of $32 and $28 at September 30, 2021 and December 31, 2020, respectively	523	437
Reinsurance recoverable, net of allowance for credit losses of $19 and $21 at September 30, 2021 and December 31, 2020, respectively	3,518	3,211
Goodwill	4,515	4,495
Prepaid expenses and other assets	1,169	997
Lease assets	373	374
Other intangible assets, net	2,400	2,264
Title plants	400	404
Property and equipment, net	186	180
Assets of discontinued operations	0	327
Total assets	58,506	50,455
Liabilities:
Contractholder funds	33,988	28,718
Future policy benefits	3,985	4,010
Accounts payable and accrued liabilities	2,969	2,402
Outstanding debt	3,097	2,662
Reserve for title claim losses	1,734	1,623
Funds withheld for reinsurance liabilities	1,508	806
Secured trust deposits	1,147	711
Lease liabilities	409	414
Income taxes payable	18	56
Deferred tax liability	277	300
Liabilities of discontinued operations	0	361
Total liabilities	49,132	42,063
Equity:
FNF common stock, $0.0001 par value; authorized 600,000,000 shares as of September 30, 2021 and December 31, 2020; outstanding of 284,743,161 and 291,448,627 as of September 30, 2021 and December 31, 2020, respectively, and issued of 324,064,003 and 322,622,948 as of September 30, 2021 and December 31, 2020, respectively	0	0
Preferred stock, $0.0001 par value; authorized 50,000,000 shares; issued and outstanding, none	0	0
Additional paid-in capital	5,790	5,720
Retained earnings	3,961	2,394
Accumulated other comprehensive earnings	1,005	1,304
Less: Treasury stock, 39,320,842 shares and 31,174,321 shares as of September 30, 2021 and December 31, 2020, respectively, at cost	(1,424)	(1,067)
Total Fidelity National Financial, Inc. shareholders’ equity	9,332	8,351
Non-controlling interests	42	41
Total equity	9,374	8,392
Total liabilities and equity	58,506	50,455
Preferred securities
Investments:
Securities, at fair value	1,202	1,341
Whole loans
Investments:
Securities, at fair value	$ 1,393	$ 995

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Available for sale securities, allowance for credit losses	$ 8,000,000	$ 19,000,000
Available-for-sale securities, pledged securities, secured trust deposits	458,000,000	455,000,000
Allowance for credit loss	33,000,000	39,000,000
Short-term investments, pledged, secured trust deposits	3,000,000	1,000,000
Cash, pledged, secured trust deposits	694,000,000	270,000,000
Allowance for doubtful accounts, premiums and other receivables	32,000,000	28,000,000
Expected credit losses on reinsurance recoverable	$ 19,000,000	$ 21,000,000
Common stock, par or stated value per share (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	600,000,000	600,000,000
Common stock, shares, outstanding (in shares)	284,743,161	291,448,627
Common stock, shares, issued (in shares)	324,064,003	322,622,948
Preferred stock, par or stated value per share (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Treasury stock (in shares)	39,320,842	31,174,321

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenues:
Direct title insurance premiums	$ 896	$ 733	$ 2,546	$ 1,854
Agency title insurance premiums	1,318	981	3,632	2,497
Escrow, title-related and other fees	1,324	853	3,123	2,201
Interest and investment income	508	336	1,424	541
Recognized gains and losses, net	(154)	73	121	(85)
Total revenues	3,892	2,976	10,846	7,008
Expenses:
Personnel costs	894	782	2,596	2,088
Agent commissions	1,010	749	2,787	1,907
Other operating expenses	498	449	1,432	1,306
Benefits and other changes in policy reserves	185	251	734	406
Depreciation and amortization	252	100	540	189
Provision for title claim losses	100	77	278	196
Interest expense	27	29	83	62
Total expenses	2,966	2,437	8,450	6,154
Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates	926	539	2,396	854
Income tax expense	213	133	555	194
Earnings before equity in earnings of unconsolidated affiliates	713	406	1,841	660
Equity in earnings of unconsolidated affiliates	27	7	54	9
Net earnings from continuing operations	740	413	1,895	669
Net (loss) earnings from discontinued operations, net of tax	(3)	(28)	8	(23)
Net earnings	737	385	1,903	646
Less: Net earnings attributable to non-controlling interests	5	7	14	20
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	$ 732	$ 378	$ 1,889	$ 626
Basic
Net earnings per share from continuing operations attributable to common shareholders (in usd per share)	$ 2.60	$ 1.40	$ 6.57	$ 2.32
Net (loss) earnings per share from discontinued operations attributable to common shareholders (in usd per share)	(0.01)	(0.10)	0.03	(0.08)
Net earnings (loss) per share attributable to common shareholders, basic (in usd per share)	2.59	1.30	6.60	2.24
Diluted
Net earnings per share from continuing operations attributable to common shareholders (in usd per share)	2.58	1.39	6.53	2.29
Net (loss) earnings per share from discontinued operations attributable to common shareholders (in usd per share)	(0.01)	(0.10)	0.03	(0.08)
Net earnings per share attributable to common shareholders, diluted (in usd per share)	$ 2.57	$ 1.29	$ 6.56	$ 2.21
Weighted average common shares outstanding - basic (in shares)	283	291	286	280
Weighted average common shares outstanding - diluted (in shares)	285	293	288	283

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS - USD ($) $ in Millions		3 Months Ended				9 Months Ended
		Sep. 30, 2021		Sep. 30, 2020		Sep. 30, 2021	Sep. 30, 2020
Statement of Comprehensive Income [Abstract]
Net earnings		$ 737		$ 385		$ 1,903	$ 646
Other comprehensive earnings (loss):
Unrealized gain (loss) on investments and other financial instruments, net of adjustments to intangible assets and unearned revenue (excluding investments in unconsolidated affiliates)	[1]	(65)		303		(232)	683
Unrealized gain on investments in unconsolidated affiliates	[2]	8		(2)		18	5
Unrealized gain (loss) on foreign currency translation	[3]	(5)		5		(6)	1
Reclassification adjustments for change in unrealized gains and losses included in net earnings		(30)	[4]	(11)	[4]	(82)	(11)
Change in reinsurance liabilities held at fair value resulting from a change in the instrument-specific credit risk		3		(4)		3	(1)
Other comprehensive (loss) earnings		(89)		291		(299)	677
Comprehensive earnings		648		676		1,604	1,323
Less: Comprehensive earnings attributable to non-controlling interests		5		7		14	20
Comprehensive earnings attributable to Fidelity National Financial, Inc. common shareholders		$ 643		$ 669		$ 1,590	$ 1,303

[1]	Net of income tax (benefit) expense of $(18) million and $81 million for the three-month periods ended September 30, 2021 and 2020, respectively, and $(64) million and $183 million for the nine-month periods ended September 30, 2021 and 2020, respectively.
[2]	Net of income tax expense (benefit) of $3 million and $(1) million for the three-month periods ended September 30, 2021 and 2020, respectively, and $5 million and $1 million for the nine-month periods ended September 30, 2021 and 2020, respectively.
[3]	Net of income tax (benefit) expense of less than $(1) million and $2 million for the three-month periods ended September 30, 2021 and 2020, respectively and less than $1 million for the nine-month periods ended September 30, 2021 and 2020.
[4]	Net of income tax expense of $9 million and $3 million for the three-month periods ended September 30, 2021 and 2020, respectively, and $22 million and $3 million for the nine-month periods ended September 30, 2021 and 2020, respectively. (5) Net of income tax expense (benefit) of $1 million and $(1) million for the three-month periods ended September 30, 2021 and 2020, respectively, and $1 million and $(1) million for the nine-month periods ended September 30, 2021 and 2020, respectively.

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement of Comprehensive Income [Abstract]
Unrealized loss on investments and other financial instruments, tax (benefit) expense	$ (18)	$ 81	$ (64)	$ 183
Unrealized gain on investments in unconsolidated affiliates tax expense (benefit)	3	(1)	5	1
Unrealized loss foreign currency translation, tax (benefit) expense	(1)	2	1	1
Reclassification adjustments for change in unrealized gains and losses included in net earnings, tax expense	9	3	22	3
Change in reinsurance liabilities held at fair value resulting from a change in the instrument-specific credit risk, tax expense (benefit)	$ 1	$ (1)	$ 1	$ (1)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) shares in Millions, $ in Millions	Total		Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Earnings (Loss)	Treasury Stock	Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2019			292				17
Beginning balance at Dec. 31, 2019	$ 5,365		$ 0	$ 4,581	$ 1,356	$ 43	$ (598)	$ (17)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redemption of Servicelink non-controlling interest/Purchase of incremental share in consolidated subsidiaries	(205)			(158)				(47)
Exercise of stock options (in shares)			3
Exercise of stock options	48			48
F&G acquisition	609			826			$ (217)
F&G acquisition (in shares)			25				7
Redemption of Servicelink non-controlling interest	(344)
Treasury stock repurchased (in shares)							3
Treasury stock repurchased	(104)						$ (104)
Change in reinsurance liabilities held at fair value resulting from a change in the instrument-specific credit risk	(1)					(1)
Other comprehensive earnings — unrealized gain (loss) on investments and other financial instruments	683					683
Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates	5	[1]				5
Other comprehensive loss - unrealized gain (loss) on foreign currency translation	1	[2]				1
Reclassification adjustments for change in unrealized gains and losses included in net earnings	(11)					(11)
Stock-based compensation	29			29
Dividends declared, per common share	(284)				(284)
Subsidiary dividends declared to non-controlling interests	(9)							(9)
Net earnings	646				626			20
Ending balance (in shares) at Sep. 30, 2020			320				27
Ending balance at Sep. 30, 2020	7,182		$ 0	5,642	1,698	720	$ (919)	41
Beginning Balance at Dec. 31, 2019	344
Increase (Decrease) in Temporary Equity [Roll Forward]
Redemption of Servicelink non-controlling interest	(344)
Ending Balance at Sep. 30, 2020	0
Beginning balance (in shares) at Jun. 30, 2020			318				27
Beginning balance at Jun. 30, 2020	6,349		$ 0	5,431	1,417	429	$ (919)	(9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redemption of Servicelink non-controlling interest/Purchase of incremental share in consolidated subsidiaries	(205)			(158)				(47)
Exercise of stock options (in shares)			1
Exercise of stock options	11			11
F&G acquisition	32			32			$ 0
F&G acquisition (in shares)			1				0
Redemption of Servicelink non-controlling interest	(344)
Change in reinsurance liabilities held at fair value resulting from a change in the instrument-specific credit risk	(4)					(4)
Other comprehensive earnings — unrealized gain (loss) on investments and other financial instruments	303					303
Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates	(2)	[1]				(2)
Other comprehensive loss - unrealized gain (loss) on foreign currency translation	5	[2]				5
Reclassification adjustments for change in unrealized gains and losses included in net earnings	(11)	[3]				(11)
Stock-based compensation	10			10
Dividends declared, per common share	(97)				(97)
Subsidiary dividends declared to non-controlling interests	(4)							(4)
Net earnings	385				378			7
Ending balance (in shares) at Sep. 30, 2020			320				27
Ending balance at Sep. 30, 2020	7,182		$ 0	5,642	1,698	720	$ (919)	41
Beginning Balance at Jun. 30, 2020	344
Increase (Decrease) in Temporary Equity [Roll Forward]
Redemption of Servicelink non-controlling interest	(344)
Ending Balance at Sep. 30, 2020	0
Beginning balance (in shares) at Dec. 31, 2020			323				31
Beginning balance at Dec. 31, 2020	8,392		$ 0	5,720	2,394	1,304	$ (1,067)	41
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redemption of Servicelink non-controlling interest/Purchase of incremental share in consolidated subsidiaries	1			0				1
Exercise of stock options (in shares)			1
Exercise of stock options	$ 41			41
Treasury stock repurchased (in shares)	8
Treasury stock repurchased	$ (357)
Change in reinsurance liabilities held at fair value resulting from a change in the instrument-specific credit risk	3					3
Other comprehensive earnings — unrealized gain (loss) on investments and other financial instruments	(232)					(232)
Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates	18	[1]				18
Other comprehensive loss - unrealized gain (loss) on foreign currency translation	(6)	[2]				(6)
Reclassification adjustments for change in unrealized gains and losses included in net earnings	(82)					(82)
Stock-based compensation	29			29
Dividends declared, per common share	(322)				(322)
Subsidiary dividends declared to non-controlling interests	(14)							(14)
Net earnings	1,903				1,889			14
Ending balance (in shares) at Sep. 30, 2021			324				39
Ending balance at Sep. 30, 2021	9,374		$ 0	5,790	3,961	1,005	$ (1,424)	42
Beginning Balance at Dec. 31, 2020	0
Ending Balance at Sep. 30, 2021	0
Beginning balance (in shares) at Jun. 30, 2021			324				38
Beginning balance at Jun. 30, 2021	8,888		$ 0	5,771	3,343	1,094	$ (1,362)	42
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options	9			9
Treasury stock repurchased (in shares)							1
Treasury stock repurchased	(62)						$ (62)
Change in reinsurance liabilities held at fair value resulting from a change in the instrument-specific credit risk	3
Other comprehensive earnings — unrealized gain (loss) on investments and other financial instruments	(65)
Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates	8	[1]				8
Other comprehensive loss - unrealized gain (loss) on foreign currency translation	(5)	[2]				(5)
Reclassification adjustments for change in unrealized gains and losses included in net earnings	(30)	[3]				(30)
Stock-based compensation	10			10
Dividends declared, per common share	(114)				(114)
Subsidiary dividends declared to non-controlling interests	(5)							(5)
Net earnings	737				732			5
Ending balance (in shares) at Sep. 30, 2021			324				39
Ending balance at Sep. 30, 2021	9,374		$ 0	$ 5,790	$ 3,961	$ 1,005	$ (1,424)	$ 42
Beginning Balance at Jun. 30, 2021	0
Ending Balance at Sep. 30, 2021	$ 0

[1]	Net of income tax expense (benefit) of $3 million and $(1) million for the three-month periods ended September 30, 2021 and 2020, respectively, and $5 million and $1 million for the nine-month periods ended September 30, 2021 and 2020, respectively.
[2]	Net of income tax (benefit) expense of less than $(1) million and $2 million for the three-month periods ended September 30, 2021 and 2020, respectively and less than $1 million for the nine-month periods ended September 30, 2021 and 2020.
[3]	Net of income tax expense of $9 million and $3 million for the three-month periods ended September 30, 2021 and 2020, respectively, and $22 million and $3 million for the nine-month periods ended September 30, 2021 and 2020, respectively. (5) Net of income tax expense (benefit) of $1 million and $(1) million for the three-month periods ended September 30, 2021 and 2020, respectively, and $1 million and $(1) million for the nine-month periods ended September 30, 2021 and 2020, respectively.

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement of Stockholders' Equity [Abstract]
Cash dividend per common share (in dollars per share)	$ 0.40	$ 0.33	$ 1.12	$ 0.99
F&G acquisition		$ 32		$ 609
Exercise of stock options	$ 9	$ 11	$ 41	$ 48

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net earnings	$ 1,903	$ 646
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	540	189
Equity in earnings of unconsolidated affiliates	(54)	(9)
(Gain) loss on sales of investments and other assets and asset impairments, net	(412)	81
Interest credited/index credits to contractholder account balances	239	344
Loss on the sale of businesses	14	0
Deferred policy acquisition costs and deferred sales inducements	(473)	(139)
Charges assessed to contractholders for mortality and admin	(130)	(53)
Non-cash lease costs	104	114
Operating lease payments	(113)	(115)
Distributions from unconsolidated affiliates, return on investment	29	0
Stock-based compensation cost	31	29
Change in valuation of derivatives, equity and preferred securities, net	290	4
Changes in assets and liabilities, net of effects from acquisitions:
Change in collateral returned (posted)	0	(1)
Change in insurance recoverable	79	70
Change in future policy benefits	203	(58)
Change in funds withheld from reinsurers	685	(6)
Net increase in trade receivables	(81)	(27)
Net increase in reserve for title claim losses	111	46
Net change in income taxes	(60)	5
Net change in other assets and other liabilities	(305)	(155)
Net cash provided by operating activities	2,600	965
Cash flows from investing activities:
Proceeds from sales, calls and maturities of investment securities	6,278	1,930
Proceeds from sales of property and equipment and title plants	3	9
Additions to property and equipment and capitalized software	(93)	(75)
Purchases of investment securities	(10,278)	(2,548)
Net proceeds from (purchases of) sales and maturities of short-term investment securities	92	791
Additions to notes receivable	(13)	0
Collections of notes receivable	3	0
Acquisitions and dispositions	(64)	(1,076)
Additional investments in unconsolidated affiliates	(992)	(148)
Distributions from unconsolidated affiliates, return of investment	89	78
Proceeds from sales of unconsolidated affiliates	112	0
Net other investing activities	0	(1)
Net cash used in investing activities	(4,863)	(1,040)
Cash flows from financing activities:
Draw on revolving credit facility	0	1,000
Debt offering	449	1,246
Debt costs/equity issuance additions	(6)	(18)
Debt service payments	0	(1,000)
Dividends paid	(320)	(282)
Subsidiary dividends paid to non-controlling interest shareholders	(14)	(9)
Exercise of stock options	39	47
Net change in secured trust deposits	437	38
Additional investment in consolidated subsidiaries	1	(90)
Payment of contingent consideration for prior period acquisitions	(3)	(9)
Contractholder account deposits	6,820	1,481
Contractholder account withdrawals	(2,350)	(730)
Purchases of treasury stock	(361)	(104)
Net cash provided by financing activities	4,692	1,570
Net increase in cash and cash equivalents	2,429	1,495
Cash and cash equivalents at beginning of period	2,719	1,376
Cash and cash equivalents at end of period	$ 5,148	$ 2,871

Basis of Financial Statements

Basis of Financial Statements	9 Months Ended
Basis of Financial Statements	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Financial Statements	Basis of Financial Statements The financial information in this report presented for interim periods is unaudited and includes the accounts of Fidelity National Financial, Inc. and its subsidiaries (collectively, “we,” “us,” “our,” the "Company" or “FNF”) prepared in accordance with U.S. generally accepted accounting principles ("GAAP") and the instructions to Form 10-Q and Article 10 of Regulation S-X. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All adjustments made were of a normal, recurring nature. This report should be read in conjunction with our Annual Report on Form 10-K (our "Annual Report") for the year ended December 31, 2020. Description of the Business We are a leading provider of (i) title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances and home warranty products, (ii) technology and transaction services to the real estate and mortgage industries and (iii) annuity and life insurance products. FNF is one of the nation’s largest title insurance companies operating through its title insurance underwriters - Fidelity National Title Insurance Company ("FNTIC"), Chicago Title Insurance Company ("Chicago Title"), Commonwealth Land Title Insurance Company ("Commonwealth Title"), Alamo Title Insurance and National Title Insurance of New York Inc. - which collectively issue more title insurance policies than any other title company in the United States. Through our subsidiary, ServiceLink Holdings, LLC ("ServiceLink"), we provide mortgage transaction services, including title-related services and facilitation of production and management of mortgage loans. We are also a provider of annuity and life insurance products, providing deferred annuities, including fixed index annuities ("FIA"), fixed rate annuities, immediate annuities, indexed universal life ("IUL") insurance, funding agreements and pension risk transfer ("PRT") solutions through our wholly-owned subsidiary, F&G Annuities & Life ("F&G"). For information about our reportable segments refe r to Note H Segment Information . Recent Developments 3.20% Senior Notes On September 17, 2021, we completed our underwritten public offering of $450 million aggregate principal amount of our 3.20% Notes due September 17, 2051 (the "3.20% Notes"), pursuant to our registration statement on Form S-3 (File No. 333-239002) and the related prospectus supplement. The net proceeds from the registered offering of the 3.20% Notes were approximately $443 million, after deducting underwriting discounts, commissions and offering expenses. We plan to use the net proceeds from the offering for general corporate purposes. For further information related to the 3.20% Notes, refer to Note O Notes Payable . Approval of the 2021 Repurchase Program On August 3, 2021, our Board of Directors approved a new three Merger of Alight, Inc. ("Alight") and Foley Trasimene Acquisition Corp. ("FTAC") On January 25, 2021, each of our wholly-owned subsidiaries, FNTIC, Commonwealth Title and Chicago Title (collectively, the "FTAC Subscribers") entered into common stock subscription agreements (the "FTAC Subscription Agreements") with Alight (f/k/a Acrobat Holdings, Inc.) and FTAC to purchase in the aggregate $150 million (the "Alight Purchase Price") of Class A Common Stock, par value $.001 per share, of Alight at a purchase price of $10.00 per share. On June 29, 2021, we funded the Alight Purchase Price. Additionally, Alight paid the FTAC Subscribers a fee of 2.5% of the Alight Purchase Price upon closing of the transactions in accordance with the Business Combination Agreement dated January 25, 2021, as amended and restated April 29, 2021, by and among FTAC, Alight and other parties thereto . On July 2, 2021, FTAC merged with Alight. The newly combined company operates as Alight, Inc. and is traded on the New York Stock Exchange ("NYSE") under the symbol "ALIT." As of September 30, 2021 our shares of Alight are fully registered and are included in equity securities within the accompanying unaudited Condensed Consolidated Balance Sheets. F&G Enters Funding Agreement Backed Note ("FABN") Market In June 2021, we established a funding agreement-backed notes program (the “FABN Program”), pursuant to which Fidelity & Guaranty Life Insurance Company (“FGL Insurance”) may issue funding agreements to a special purpose statutory trust (the “Trust”) for spread lending purposes. The maximum aggregate principal amount permitted to be outstanding at any one time under the FABN Program is $5.0 billion. As of September 30, 2021, we had approximately $1.9 billion outstanding under the FABN program. F&G Enters Pension Risk Transfer ("PRT") Market In July 2021, we entered the PRT market, pursuant to which FGL Insurance and Fidelity & Guaranty Life Insurance Company of New York ("FGL NY Insurance") may issue group annuity contracts to discharge pension plan liabilities from a pension plan sponsor. As of September 30, 2021, we closed pension risk transfer transactions which represent pension obligations of $371 million. In October 2021, we secured an additional $564 million in PRT transactions. Merger of Paysafe Limited ("Paysafe") and Foley Trasimene Acquisition Corp. II ("FTAC II") On December 7, 2020, each of our wholly-owned subsidiaries, FNTIC, Commonwealth Title, Chicago Title and F&G (collectively, the "FTAC II Subscribers"), entered into common stock subscription agreements with Paysafe and FTAC II to purchase in the aggregate $500 million (the "Purchase Price") of common shares, par value $0.001 per share, of Paysafe at a purchase price of $10.00 per share ("the PIPE Investment"). On March 30, 2021, FTAC II merged with Paysafe, an exempted limited company incorporated under the laws of Bermuda and a leading integrated payments platform (the "FTAC II Paysafe Merger"), in accordance with the agreement and plan of merger dated December 7, 2020. The newly combined company operates as Paysafe and is traded on the NYSE under the symbol PSFE. The FTAC II Paysafe Merger was funded with the cash held in trust at FTAC II, forward purchase commitments, private investment in public equity ("PIPE") commitments and equity of Paysafe. On March 30, 2021, the FTAC II Subscribers funded the subscription agreements and received 50 million common shares of Paysafe. As of September 30, 2021, we hold approximately 7% of the outstanding common shares of Paysafe, which are included in equity securities in the accompanying unaudited Condensed Consolidated Balance Sheets. In connection with the PIPE Investment, we received a fee of 1.6% of the Purchase Price as described in the agreement and plan of merger dated December 7, 2020. Income Tax Income tax expense was $213 million and $133 million in the three-month periods ended September 30, 2021 and 2020, respectively, and $555 million and $194 million in the nine month periods ended September 30, 2021 and 2020, respectively. Income tax expense as a percentage of earnings before income taxes was 23% and 25% in the three-month periods ended September 30, 2021 and 2020, respectively, and 23% and 23% in the nine-month periods ended September 30, 2021 and 2020, respectively. The decrease in income tax expense as a percentage of earnings before taxes in the three-month period ended September 30, 2021 is primarily attributable to discrete unfavorable tax adjustments associated with our acquisition of F&G in the prior year period. Earnings Per Share Basic earnings per share, as presented on the Condensed Consolidated Statement of Earnings, is computed by dividing net earnings available to common shareholders in a given period by the weighted average number of common shares outstanding during such period. In periods when earnings are positive, diluted earnings per share is calculated by dividing net earnings available to common shareholders by the weighted average number of common shares outstanding plus the impact of assumed conversions of potentially dilutive securities. For periods when we recognize a net loss, diluted earnings per share is equal to basic earnings per share as the impact of assumed conversions of potentially dilutive securities is considered to be antidilutive. We have granted certain stock options, shares of restricted stock and certain other convertible share based payments, which have been treated as common share equivalents for purposes of calculating diluted earnings per share for periods in which positive earnings have been reported. Options or other instruments, which provide the ability to purchase shares of our common stock that are antidilutive, are excluded from the computation of diluted earnings per share. There were fewer than 1 million antidilutive instruments outstanding during the three and nine-month periods ended September 30, 2021. There were 2 million and 1 million antidilutive securities outstanding during the three and nine-month periods ended September 30, 2020, respectively. Discontinued Operations In connection with the F&G acquisition, certain third party offshore reinsurance businesses acquired were deemed discontinued operations and are presented as such within our Condensed Consolidated Statements of Earnings for the three and nine-month periods ended September 30, 2021. We have sold Front Street Re Cayman Ltd (“FSRC”) to Archipelago, and the closing of the transaction was effective May 31, 2021. The transaction did not have a material impact to our financial results. As of September 30, 2021, we no longer have discontinued operations. Management Estimates The preparation of these unaudited condensed consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Periodically, and at least annually, typically in the third quarter, we review the assumptions associated with reserves for policy benefits, product guarantees, and amortization of intangibles. Additionally, during the three-months ended September 30, 2021, we implemented a new actuarial valuation system. As a result, our third quarter 2021 assumption updates include model refinements and assumption updates resulting from the implementation. The system implementation and assumption review process that occurred in the three-months ended September 30, 2021, included refinements in the calculation of the fair value of the embedded derivative component of our fixed index annuities within contractholder funds and updates to the surrender rates, guaranteed minimum withdrawal benefit (“GMWB”) utilization, IUL premium persistency, maintenance expenses, and earned rate assumptions to reflect our current and expected future experience. These changes, taken together, resulted in a decrease in contractholder funds and future policy reserves of $425 million and a decrease to intangible assets of $136 million. These model refinements and assumptions are also used in the SOP 03-1 liability for GMWB benefits and resulted in an increase in the liability of $28 million for the period ended September 30, 2021. There was no material change to underlying policyholder behavior during the three-months ended September 30, 2021. The majority of the changes represent one-time adjustments in the three-months ended September 30, 2021 related to the cumulative impact of the system implementation and are not expected to re-occur in the future. Recent Accounting Pronouncements Adopted Pronouncements In December 2019, the FASB issued ASU 2019-12 Income Taxes - Simplifying the Accounting for Income Taxes (Topic 740), which simplifies various aspects of the income tax accounting guidance and will be applied using different approaches depending on what the specific amendment relates to and, for public entities, are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. We adopted this standard as of January 1, 2021, and it had no impact on our unaudited Condensed Consolidated Financial Statements upon adoption. In October 2020, the FASB issued ASU 2020-08, Codification Improvements to Subtopic 310-20, Receivables - Nonrefundable Fees and Other Costs. The amendments in this update clarify that callable debt securities should be re-evaluated each reporting period to determine if the amortized cost exceeds the amount repayable by the issuer at the next earliest call date, and, if so, the excess should be amortized to the next call date. We adopted this standard as of January 1, 2021 and are applying this guidance on a prospective basis. This pronouncement had no impact on our unaudited Condensed Consolidated Financial Statements upon adoption. Pronouncements Not Yet Adopted In August 2018, the FASB issued ASU 2018-12, Financial Services-Insurance (Topic 944), Targeted Improvements to the Accounting for Long-Duration Contracts, effective for fiscal years beginning after December 15, 2022 including interim periods within those fiscal years. This update introduced the following requirements: assumptions used to measure cash flows for traditional and limited-payment contracts must be reviewed at least annually with the effect of changes in those assumptions being recognized in the statement of operations; the discount rate applied to measure the liability for future policy benefits and limited-payment contracts must be updated at each reporting date with the effect of changes in the rate being recognized in other comprehensive income; market risk benefits associated with deposit contracts must be measured at fair value, with the effect of the change in the fair value attributable to a change in the instrument-specific credit risk being recognized in other comprehensive income; deferred acquisition costs are no longer required to be amortized in proportion to premiums, gross profits, or gross margins; instead, those balances must be amortized on a constant level basis over the expected term of the related contracts; deferred acquisition costs must be written off for unexpected contract terminations; and disaggregated rollforwards of beginning to ending balances of the liability for future policy benefits, policyholder account balances, market risk benefits, separate account liabilities and deferred acquisition costs, as well as information about significant inputs, judgments, assumptions, and methods used in measurement are required to be disclosed. The amendments in this ASU may be early adopted as of the beginning of an annual reporting period for which financial statements have not yet been issued, including interim financial statements. We do not expect to early adopt this standard. We have identified specific areas that will be impacted by the new guidance and are in the process of assessing the accounting, reporting and/or process changes that will be required to comply as well as the impact of the new guidance on our consolidated financial statements.

Summary of Reserve for Title Cl

Summary of Reserve for Title Claim Losses	9 Months Ended
Summary of Reserve for Title Claim Losses	Sep. 30, 2021
Insurance [Abstract]
Summary of Reserve for Title Claim Losses	Summary of Reserve for Title Claim Losses A summary of the reserve for title claim losses follows: Nine months ended September 30, 2021 2020 (Dollars in millions) Beginning balance $ 1,623 $ 1,509 Change in insurance recoverable (10) (1) Claim loss provision related to: Current year 278 196 Prior years — — Total title claim loss provision 278 196 Claims paid, net of recoupments related to: Current year (6) (4) Prior years (151) (145) Total title claims paid, net of recoupments (157) (149) Ending balance of claim loss reserve for title insurance $ 1,734 $ 1,555 Provision for title insurance claim losses as a percentage of title insurance premiums 4.5 % 4.5 % Several lawsuits have been filed by various parties against Chicago Title Company and Chicago Title Insurance Company as its alter ego (collectively, the “Named Companies”), among others. Generally, plaintiffs claim they are investors who were solicited by Gina Champion-Cain to provide funds that purportedly were to be used for high-interest, short-term loans to parties seeking to acquire California alcoholic beverage licenses. Plaintiffs contend that under California state law, alcoholic beverage license applicants are required to escrow an amount equal to the license purchase price while their applications remain pending with the State. Plaintiffs further alleged that employees of Chicago Title Company participated with Ms. Champion-Cain and her entities in a fraud scheme involving an escrow account maintained by Chicago Title Company into which the plaintiffs’ funds were deposited. The following lawsuits are pending in the Superior Court of San Diego County for the State of California. While they have not been consolidated into one action, they have been deemed by the court to be related and are assigned to the same judge for purposes of judicial economy. On December 13, 2019, a lawsuit styled, Kim Funding, LLC, Kim H. Peterson, Joseph J. Cohen, and ABC Funding Strategies, LLC v. Chicago Title Co., Chicago Title Ins. Co., Thomas Schwiebert, Adelle Ducharme, and Betty Elixman , was filed in San Diego County Superior Court. Plaintiffs claim losses of more than $250 million as a result of the alleged fraud scheme, and also seek statutory, treble, and punitive damages. The Named Companies have filed a cross-complaint against Ms. Champion-Cain, among others. A demurrer to the Named Companies’ cross-complaint has been filed and is set for hearing on November 19, 2021. On March 6, 2020, a lawsuit styled, Wakefield Capital, LLC, Wakefield Investments, LLC, 2Budz Holding, LLC, Doug and Kristine Heidrich, and Jeff and Heidi Orr v. Chicago Title Co. and Chicago Title Ins. Co. , was filed in San Diego County Superior Court. Plaintiffs claim losses in excess of $7 million as a result of the alleged fraud scheme, and also seek punitive damages, recovery of attorneys’ fees, and disgorgement. On June 29, 2020, a lawsuit styled, Susan Heller Fenley Separate Property Trust, DTD 03/04/2010, Susan Heller Fenley Inherited Roth IRA, Shelley Lynn Tarditi Trust and ROJ, LLC v. Chicago Title Co., Chicago Title Ins. Co., Thomas Schwiebert, Adelle Ducharme, and Betty Elixman , was filed in San Diego County Superior Court. Plaintiffs claim losses in excess of $6 million as a result of the alleged fraud scheme, and also seek statutory, treble, and punitive damages. The Named Companies have filed a cross-complaint against Ms. Champion-Cain, among others. A demurrer to the Named Companies’ cross-complaint has been filed and is set for hearing on November 19, 2021. On June 29, 2020, a lawsuit styled, Yuan Yu and Polly Yu v. Chicago Title Co., Chicago Title Ins. Co., Thomas Schwiebert, Adelle Ducharme, and Betty Elixman , was filed in San Diego County Superior Court. Plaintiffs claim losses in excess of $1 million as a result of the alleged fraud scheme, and also seek statutory, treble, and punitive damages. The Named Companies have filed a cross-complaint against Ms. Champion-Cain, among others. A demurrer to the Named Companies’ cross-complaint has been filed and is set for hearing on November 19, 2021. On July 7, 2020, a cross-claim styled, Laurie Peterson v. Chicago Title Co., Chicago Title Ins. Co., Thomas Schwiebert, Adelle Ducharme, and Betty Elixman , was filed in an existing lawsuit styled, Banc of California, National Association v. Laurie Peterson , which is pending in San Diego County Superior Court. Cross-complaint plaintiff was sued by a bank to recover in excess of $35 million that she allegedly guaranteed to repay for certain investments made by the Banc of California in the alcoholic beverage license scheme. Cross-complaint plaintiff has, in turn, sued the Named Companies in that action seeking in excess of $250 million in monetary losses as well as exemplary damages and attorneys’ fees. The Named Companies have filed a cross-complaint against Ms. Champion-Cain, among others. A demurrer to the Named Companies’ cross-complaint has been filed and is set for hearing on November 19, 2021. On September 3, 2020, a cross-claim styled, Kim H. Peterson Trustee of the Peterson Family Trust dated April 14 1992 v. Chicago Title Co., Chicago Title Ins. Co., Thomas Schwiebert, Adelle Ducharme, and Betty Elixman , was filed in an existing lawsuit styled, CalPrivate Bank v. Kim H. Peterson Trustee of the Peterson Family Trust dated April 14 1992 , which is pending in Superior Court of San Diego County for the State of California. Cross-complaint plaintiff was sued by a bank to recover in excess of $12 million that the trustee allegedly guaranteed to repay for certain investments made by CalPrivate Bank in the alcoholic beverage license scheme. Cross-complaint plaintiff has, in turn, sued the Named Companies in that action seeking in excess of $250 million in monetary losses as well as exemplary damages and attorneys’ fees. On October 1, 2020, a lawsuit styled, Ovation Fin. Holdings 2 LLC, Ovation Fund Mgmt. II, LLC, Banc of California, N.A. v. Chicago Title Ins. Co. , was filed in San Diego County Superior Court. Plaintiffs claim losses of more than $75 million, as well as consequential and punitive damages. The Named Companies have filed a cross-complaint against Ms. Champion-Cain, among others. A demurrer to the Named Companies’ cross-complaint has been filed and is set for hearing on November 19, 2021. On November 2, 2020, a lawsuit styled, CalPrivate Bank v. Chicago Title Co. and Chicago Title Ins. Co., was also filed in the Superior Court of San Diego County for the State of California. Plaintiff claims losses in excess of $12 million based upon business loan advances made in the alcoholic beverage license scheme, and also seeks punitive damages and the recovery of attorneys’ fees. The Named Companies have filed a cross-complaint against Ms. Champion-Cain, among others. A demurrer to the Named Companies’ cross-complaint has been filed and is set for hearing on November 19, 2021. On February 24, 2021, a putative class action lawsuit styled, Blake E. Allred and Melissa M. Allred v. Chicago Title Co., Chicago Title Ins. Co. , was filed in the Superior Court of San Diego County for the State of California. Plaintiffs are seeking compensatory, statutory, treble, and punitive damages. In addition, Chicago Title Company has resolved claims from both individual and groups of alleged investors under confidential terms during pre-suit mediations. As of September 30, 2021, the Company has recorded an incurred claim loss reserve for legal fees which is included in its consolidated reserve for title claim losses. The Company has also recorded an insurance recoverable for amounts it expects to recover from its insurance carriers relating to these matters. In connection with the alcoholic beverage license scheme, the Securities and Exchange Commission (“SEC”) filed a lawsuit in the United States District Court for the Southern District of California against Ms. Champion-Cain and certain of her affiliated entities asserting claims for securities fraud. A receiver was appointed to preserve the assets of those named defendants, pay defendants’ debts and operate defendants’ businesses. The federal court in the SEC litigation has scheduled a comprehensive mediation to take place in January 2022 among the receiver and various non-parties, including Chicago Title Company and remaining investors/lenders who were allegedly defrauded and have some interest in the SEC litigation or in the related state court litigation set forth above. At this time, the Company is unable to ascertain its liability, if any, and is unable to make an estimate of a reasonably possible claim loss for any of the unresolved claims due to the complex nature of the claims and litigation, the early procedural status of each claim (involving unresolved questions of fact without any rulings on the merits or determinations of liability), the extent of discovery not yet conducted, potential insurance coverage, and an incomplete evaluation of possible defenses, counterclaims, crossclaims or third-party claims that may exist. Moreover, it is likely that in some instances, the claims listed above are duplicative. As further information becomes available, the Company will continue to evaluate the adequacy of its consolidated reserve for title claim losses. As of September 30, 2021, the Company believes that its reserves are adequate to cover losses related to this matter and other claims. We continually upda te loss reserve estimates as new information becomes known, new loss patterns emerge or as other contributing factors are considered and incorporated into the analysis of reserve for claim losses. Estimating future title loss payments is difficult because of the complex nature of title claims, the long periods of time over which claims are paid, significantly varying dollar amounts of individual claims and other factors. Due to the uncertainty inherent in the process and to the judgment used by management, the ultimate liability may be greater or less than our current reserves. If actual claims loss development varies from what is currently expected and is not offset by other factors, it is possible that additional reserve adjustments may be required in future periods in order to maintain our recorded reserve within a reasonable range of our actuary's central estimate. Our U.S. insurance subsidiaries, FGL Insurance, FGL NY Insurance, and Raven Re, file financial statements with state insurance regulatory authorities and the National Association of Insurance Commissioners (“NAIC”) that are prepared in accordance with Statutory Accounting Principles (“SAP”) prescribed or permitted by such authorities, which may vary materially from GAAP. Prescribed SAP includes the Accounting Practices and Procedures Manual of the NAIC as well as state laws, regulations and administrative rules. Permitted SAP encompasses all accounting practices not so prescribed. The principal differences between SAP financial statements and financial statements prepared in accordance with GAAP are that SAP financial statements do not reflect DAC, DSI and VOBA, some bond portfolios may be carried at amortized cost, assets and liabilities are presented net of reinsurance, contractholder liabilities are generally valued using more conservative assumptions and certain assets are non-admitted. Accordingly, SAP operating results and SAP capital and surplus may differ substantially from amounts reported in the GAAP basis financial statements for comparable items. F&G Cayman Re Ltd., Freestone Re Ltd. (Cayman) and F&G Life Re Ltd (Bermuda) file financial statements with their respective regulators that are based on U.S. GAAP. FGL Insurance applies Iowa-prescribed accounting practices that permit Iowa-domiciled insurers to report equity call options used to economically hedge FIA index credits at amortized cost for statutory accounting purposes and to calculate FIA statutory reserves such that index credit returns will be included in the reserve only after crediting to the annuity contract. This resulted in a $39 million and $144 million decrease to statutory capital and surplus at September 30, 2021 and December 31, 2020, respectively. FGL Insurance’s statutory carrying value of Raven Reinsurance Company ("Raven Re") reflects the effect of permitted practices Raven Re received to treat the available amount of a letter of credit as an admitted asset which increased Raven Re’s statutory capital and surplus by $85 million at September 30, 2021 and December 31, 2020. Raven Re is also permitted to follow Iowa prescribed statutory accounting practice for its reserves on reinsurance assumed from FGL Insurance which increased (decreased) Raven Re’s statutory capital and surplus by $(1) million at September 30, 2021 and by $5 million at December 31, 2020. Without such permitted statutory accounting practices, Raven Re’s statutory capital and surplus (deficit) would be $30 million as of September 30, 2021 and $(6) million as of December 31, 2020, and its risk-based capital would fall below the minimum regulatory requirements. The letter of credit facility is collateralized by NAIC 1 rated debt securities. If the permitted practice was revoked, the letter of credit could be replaced by the collateral assets with Nomura’s consent. FGL Insurance’s statutory carrying value of Raven Re was $114 million and $84 million at September 30, 2021 and December 31, 2020, respectively. As of September 30, 2021, FGL NY Insurance did not follow any prescribed or permitted statutory accounting practices that differ from the NAIC's statutory accounting practices.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
Fair Value of Financial Instruments	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments 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, which may include our own credit risk. We estimate 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 for that asset or liability in the absence of a principal market as opposed to the price that would be paid to acquire the asset or assume a liability (“entry price”). We categorize 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 - Values are unadjusted quoted prices for identical assets and liabilities in active markets accessible at the measurement date. Level 2 - Inputs include quoted prices for similar assets or liabilities in active markets, quoted prices from those willing to trade in markets that are not active, or other inputs that are observable or can be corroborated by market data for the term of the instrument. Such inputs include market interest rates and volatilities, spreads, and yield curves. Level 3 - Certain inputs are unobservable (supported by little or no market activity) and significant to the fair value measurement. Unobservable inputs reflect the Company’s best estimate of what hypothetical market participants would use to determine a transaction price for the asset or liability at the reporting date based on the best information available in the circumstances. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s 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. In addition to the unobservable inputs, Level 3 fair value investments may include observable components, which are components that are actively quoted or can be validated to market-based sources. The carrying amounts and estimated fair values of our financial instruments for which the disclosure of fair values is required, including financial assets and liabilities measured and carried at fair value on a recurring basis, with the exception of investment contracts, portions of other long-term investments and debt which are disclosed later within this footnote, was summarized according to the hierarchy previously described, as follows (in millions): September 30, 2021 Level 1 Level 2 Level 3 Fair Value Carrying Amount Assets Cash and cash equivalents $ 5,148 $ — $ — $ 5,148 $ 5,148 Fixed maturity securities, available-for-sale: Asset-backed securities — 4,947 3,244 8,191 8,191 Commercial mortgage-backed securities — 2,988 36 3,024 3,024 Corporates 37 14,027 1,113 15,177 15,177 Hybrids 132 791 — 923 923 Municipals — 1,325 43 1,368 1,368 Residential mortgage-backed securities — 347 394 741 741 U.S. Government 805 — — 805 805 Foreign Governments — 188 18 206 206 Equity securities 1,349 — 9 1,358 1,358 Preferred securities 448 751 3 1,202 1,202 Derivative investments — 581 — 581 581 Short term investments 333 2 192 527 527 Other long-term investments — — 51 51 51 Total financial assets at fair value $ 8,252 $ 25,947 $ 5,103 $ 39,302 $ 39,302 Liabilities Derivatives: FIA embedded derivatives, included in contractholder funds — — 3,439 3,439 3,439 Reinsurance related embedded derivatives, included in accounts payable and accrued liabilities — 84 — 84 84 Total financial liabilities at fair value $ — $ 84 $ 3,439 $ 3,523 $ 3,523 December 31, 2020 Level 1 Level 2 Level 3 Fair Value Carrying Amount Assets Cash and cash equivalents $ 2,719 $ — $ — $ 2,719 $ 2,719 Fixed maturity securities, available-for-sale: Asset-backed securities — 4,916 1,350 6,266 6,266 Commercial mortgage-backed securities — 2,803 26 2,829 2,829 Corporates 25 13,421 1,289 14,735 14,735 Hybrids 175 815 4 994 994 Municipals — 1,360 43 1,403 1,403 Residential mortgage-backed securities — 342 483 825 825 U.S. Government 342 — — 342 342 Foreign Governments — 176 17 193 193 Equity securities 791 — 5 796 796 Preferred securities 490 851 — 1,341 1,341 Subscription agreements (1) — 199 — 199 199 Derivative investments — 548 — 548 548 Short term investments 769 — — 769 769 Other long-term investments — — 50 50 50 Total financial assets at fair value $ 5,311 $ 25,431 $ 3,267 $ 34,009 $ 34,009 Liabilities Fair value of future policy benefits — — 5 5 5 Derivatives: FIA embedded derivatives, included in contractholder funds — — 3,404 3,404 3,404 Reinsurance related embedded derivatives, included in accounts payable and accrued liabilities — 101 — 101 101 Total financial liabilities at fair value $ — $ 101 $ 3,409 $ 3,510 $ 3,510 (1) Included within equity securities in the accompanying Condensed Consolidated Balance Sheets as of December 31, 2020. Valuation Methodologies Fixed Maturity Securities & Equity Securities We measure the fair value of our 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 fixed maturity or equity security, and we will then consistently apply the valuation methodology to measure the security’s fair value. Our fair value measurement is based on a market approach, which utilizes prices and other relevant information generated by market transactions involving identical or comparable securities. Sources of inputs to the market approach include third-party pricing services, independent broker quotations, or pricing matrices. We use observable and unobservable inputs in our valuation methodologies. Observable inputs include benchmark yields, reported trades, broker-dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers, and reference data including market research publications. In addition, market indicators and industry and economic events are monitored and further market data will be acquired when certain thresholds are met. For certain security types, additional inputs may be used, or some of the inputs described above may not be applicable. The significant input used in the fair value measurement of equity securities for which the market approach valuation technique is employed is yield for comparable securities. Increases or decreases in the yields would result in lower or higher, respectively, fair value measurements. For broker-quoted only securities, quotes from market makers or broker-dealers are obtained from sources recognized to be market participants. We believe the broker quotes are prices at which trades could be executed based on historical trades executed at broker-quoted or slightly higher prices. We analyze the third-party valuation methodologies and related inputs to perform assessments to determine the appropriate level within the fair value hierarchy. However, we did not adjust prices received from third parties as of September 30, 2021 or December 31, 2020. Derivative Financial Instruments The fair value of call options are based upon valuation pricing models, which represents what we would expect to receive or pay at the balance sheet date if we canceled the options, entered into offsetting positions, or exercised the options. Fair values for these instruments are determined internally, based on industry accepted valuation pricing models which use market-observable inputs, including interest rates, yield curve volatilities, and other factors. The fair value of futures contracts represents the cumulative unsettled variation margin (open trade equity, net of cash settlements) which represents what we would expect to receive or pay at the balance sheet date if we canceled the contracts or entered into offsetting positions. These contracts are classified as Level 1. The fair value measurement of the FIA embedded derivatives included in contractholder funds is determined through a combination of market observable information and significant unobservable inputs using the option budget method. The market observable inputs are the market value of option and treasury rates. The significant unobservable inputs are the budgeted option cost (i.e., the expected cost to purchase call options in future periods to fund the equity indexed linked feature), surrender rates, mortality multiplier and non-performance spread. The mortality multiplier at September 30, 2021 was applied to the 2012 individual Annuity mortality tables. Increases or decreases in the market value of an option in isolation would result in a higher or lower, respectively, fair value measurement. Increases or decreases in treasury rates, mortality multiplier, surrender rates, or non-performance spread in isolation would result in a lower or higher fair value measurement, respectively. Generally, a change in any one unobservable input would not directly result in a change in any other unobservable input. Also refer to Managements Estimates in Note A Basis of Financial Statements regarding the implementation of a new actuarial valuation system and assumption updates during the three-months ended September 30, 2021. The system implementation and assumption review process included refinements in the calculation of the fair value of the embedded derivative component of our fixed index annuities. The fair value of the reinsurance-related embedded derivatives in the funds withheld reinsurance agreements with Kubera Insurance (SAC) Ltd. ("Kubera") and Aspida Holdings Ltd ("Aspida"), third party insurers, are estimated based upon the fair value of the assets supporting the funds withheld from reinsurance liabilities. The fair value of the assets is based on a quoted market price of similar assets (Level 2), and therefore the fair value of the embedded derivative is based on market-observable inputs and classified as Level 2. See Note L Reinsurance below and Note P Reinsurance in our Annual Report on Form 10-K for the year ended December 31, 2020 for further discussion on F&G reinsurance agreements. Other long-term investments Fair value of the available-for-sale embedded derivative is based on an unobservable input, the net asset value of the fund at the balance sheet date and is considered to be a Level 3 fair value measurement. The embedded derivative is similar to a call option on the net asset value of the fund with a strike price of zero since F&G will not be required to make any additional payments at maturity of the fund-linked note in order to receive the net asset value of the fund on the maturity date. A Black-Scholes model determines the net asset value of the fund as the fair value of the call option regardless of the values used for the other inputs to the option pricing model. The net asset value of the fund is provided by the fund manager at the end of each calendar month and represents the value an investor would receive if it withdrew its investment on the balance sheet date. Therefore, the key unobservable input used in the Black-Scholes model is the value of the fund. As the value of the fund increases or decreases, the fair value of the embedded derivative will increase or decrease. See further discussion on the available-for-sale embedded derivative in Note E Derivative Financial Instruments . The fair value of the credit-linked note is based on a weighted average of a broker quote and a discounted cash flow analysis and is considered to be a Level 3 fair value measurement. The discounted cash flow approach is based on the expected portfolio cash flows and amortization schedule reflecting investment expectations, adjusted for assumptions on the portfolio's default and recovery rates, and the note's discount rate. The fair value of the note is provided by the fund manager at the end of each quarter. Quantitative information regarding significant unobservable inputs used for recurring Level 3 fair value measurements of financial instruments carried at fair value as of September 30, 2021 and December 31, 2020 are as follows: Fair Value at Valuation Technique Unobservable Input(s) Range (Weighted average) September 30, 2021 (in millions) September 30, 2021 Assets Asset-backed securities $ 3,105 Broker-quoted Offered quotes 53.66% - 145.43% (97.03%) Asset-backed securities 139 Third-Party Valuation Offered quotes 95.55% - 107.08% (103.58%) Commercial mortgage-backed securities 36 Broker-quoted Offered quotes 101.04% - 127.33% (117.40%) Corporates 344 Broker-quoted Offered quotes 93.33% - 113.92% (103.68%) Corporates 13 Discounted Cash Flow Discount Rate 44.00% - 100.00% (78.00%) Corporates 756 Third-Party Valuation Offered quotes 86.58% - 121.41% (108.34%) Municipals 43 Third-Party Valuation Offered quotes 134.75% - 134.75% (134.75%) Residential mortgage-backed securities 394 Broker-quoted Offered quotes 0.00% - 115.44% (115.44%) Foreign governments 18 Third-Party Valuation Offered quotes 108.78% - 116.83% (111.29%) Short-term 192 Broker-quoted Offered quotes 100.00% - 100.00% (100.00%) Preferred securities 3 Income-Approach Yield 2.49% Equity securities 2 Black Scholes model Risk Free Rate 0.50% - 0.50% (0.50%) Strike Price $1.50 - $1.50 ($1.50) Volatility 150.00% - 150.00% (150.00%) Dividend Yield 0.00% - 0.00% (0.00%) Equity securities 3 Broker Quoted Offered quotes 44.00% - 100.00% (78.00%) Equity securities 4 Discounted Cash Flow Discount rate 13.37% - 13.37% (13.37%) Market Comparable Company Analysis EBITDA multiple 6.6x - 6.6x (6.6x) Other long-term assets: Available-for-sale embedded derivative 31 Third-Party Valuation Market value of fund 100.00% Credit Linked Note 20 Broker-quoted Offered quotes 100.00% Total financial assets at fair value $ 5,103 Liabilities Derivatives: FIA embedded derivatives, included in contractholder funds $ 3,439 Discounted cash flow Market value of option 0.00% - 28.41% (2.48%) Swap rates 0.01% - 2.41% (1.21%) Mortality multiplier 100.00% - 100.00% (100.00%) Surrender rates 0.25% - 70.00% (6.19%) Partial withdrawals 2.00% - 21.74% (2.72%) Non-performance spread 0.30% - 0.93% (0.62%) Option cost 0.00% - 4.97% (1.81%) Total financial liabilities at fair value $ 3,439 Fair Value at Valuation Technique Unobservable Input(s) Range (Weighted average) December 31, 2020 (in millions) December 31, 2020 Assets Asset-backed securities $ 1,175 Broker-quoted Offered quotes 85% - 126.15% (103.96%) Asset-backed securities 175 Third-Party Valuation Offered quotes 0.00% - 107.25% (79.87%) Commercial mortgage-backed securities 26 Broker-quoted Offered quotes 131.59% - 131.59% (131.59%) Corporates 388 Broker-quoted Offered quotes 75.20% - 114.68% ( 103.36%) Corporates 901 Third-Party Valuation Offered quotes 88.42% - 125.83% (109.47%) Hybrids 4 Third-Party Valuation Offered quotes 112.06% - 112.06% ( 112.06%) Municipals 43 Third-Party Valuation Offered quotes 133.53% - 133.53% (133.53%) Residential mortgage-backed securities 483 Broker-quoted Offered quotes 112.58% - 112.58% (112.58%) Foreign governments 17 Third-Party Valuation Offered quotes 107.87% - 113.80% (109.72%) Equity securities 1 Income-Approach Yield 2.61% Equity securities 1 Black Scholes model Risk Free Rate 0.29% - 0.29% (0.29%) Strike Price $1.50 - $1.50 ($1.50) Volatility 1.00% - 1.00% (1.00%) Dividend Yield 0.00% - 0.00% (0.00%) Equity securities 3 Discounted Cash Flow Discount rate 10.60% - 10.60% (10.60%) Market Comparable Company Analysis EBITDA multiple 6.6x - 6.6x (6.6x) Other long-term assets: Available-for-sale embedded derivative 27 Third-Party Valuation Market value of fund 100.00% Credit Linked Note 23 Broker-quoted Offered quotes 100.00% Total financial assets at fair value $ 3,267 Liabilities Future policy benefits $ 5 Discounted cash flow Non-performance spread 0.00% Risk margin to reflect uncertainty 0.50% Derivatives: FIA embedded derivatives, included in contractholder funds 3,404 Discounted cash flow Market value of option 0.00% - 67.65% (2.25%) Treasury rates 0.08% - 1.65% (0.87%) Mortality multiplier 100.00% - 100.00% (100.00%) Surrender rates 0.25% - 55.00% (5.24%) Partial withdrawals 2.00% - 3.50% (2.58%) Non-performance spread 0.74% - 0.74% (0.74%) Option cost 0.05% - 16.61% (2.25%) Total financial liabilities at fair value $ 3,409 The following tables summarize changes to the Company’s financial instruments carried at fair value and classified within Level 3 of the fair value hierarchy for the three and nine months ended September 30, 2021 and 2020. This summary excludes any impact of amortization of value of business acquired (“VOBA”), deferred acquisition cost (“DAC”), and deferred sales inducements (“DSI”). 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. Three months ended September 30, 2021 (in millions) Balance at Beginning Total Gains (Losses) Purchases Sales Settlements Net transfer In (Out) of Balance at End of Change in Unrealized Gains (Losses) Incl in OCI Included in Included in Assets Fixed maturity securities available-for-sale: Asset-backed securities $ 2,309 $ (1) $ 14 $ 1,188 $ (97) $ (125) $ (44) $ 3,244 $ 11 Commercial mortgage-backed securities 25 — (1) 12 — — — 36 — Corporates 1,201 (1) (3) 19 (14) (89) — 1,113 (2) Municipals 43 — — — — — — 43 — Residential mortgage-backed securities 443 — (3) 4 — (50) — 394 1 Foreign Governments 17 — 1 — — — — 18 — Short-Term 303 — 1 192 — (304) — 192 1 Equity and preferred securities 10 (1) 1 2 — — — 12 — Other long-term assets: Available-for-sale embedded derivative 30 1 — — — — — 31 — Credit linked note 19 — 1 — — — — 20 — Total assets at Level 3 fair value $ 4,400 $ (2) $ 11 $ 1,417 $ (111) $ (568) $ (44) $ 5,103 $ 11 Liabilities FIA embedded derivatives, included in contractholder funds 3,759 (320) — — — — — 3,439 — Total liabilities at Level 3 fair value $ 3,759 $ (320) $ — $ — $ — $ — $ — $ 3,439 $ — (a) The net transfers out of Level 3 during the three months ended September 30, 2021 were exclusively to Level 2. Three months ended September 30, 2020 (in millions) Balance at Beginning Total Gains (Losses) Purchases Sales Settlements Net transfer In (Out) of Balance at End of Change in Unrealized Gains (Losses) Incl in OCI Included in Included in Assets Fixed maturity securities available-for-sale: Asset-backed securities $ 1,016 $ (1) $ 11 $ 118 $ (1) $ (109) $ (90) $ 944 $ 12 Commercial mortgage-backed securities 26 — — — — — — 26 1 Corporates 1,264 (1) 21 3 — (20) — 1,267 19 Hybrids 4 — — — — — — 4 — Municipals 40 — 2 — — — — 42 2 Residential mortgage-backed securities 509 — 12 5 — (25) — 501 14 Foreign Governments 16 — — — — — — 16 — Equity securities 1 1 — 2 — — — 4 — Other long-term assets: Available-for-sale embedded derivative 21 2 — — — — — 23 — Credit linked note 23 — — — — — — 23 — Total assets at Level 3 fair value $ 2,920 $ 1 $ 46 $ 128 $ (1) $ (154) $ (90) $ 2,850 $ 48 Liabilities Future policy benefits $ 5 $ — $ — $ — $ — $ — $ — $ 5 $ — FIA embedded derivatives, included in contractholder funds 2,952 209 — — — — — 3,161 — Total liabilities at Level 3 fair value $ 2,957 $ 209 $ — $ — $ — $ — $ — $ 3,166 $ — Nine months ended September 30, 2021 Balance at Beginning Total Gains (Losses) Purchases Sales Settlements Net transfer In (Out) of Balance at End of Change in Unrealized Incl in OCI Included in Included in Assets Fixed maturity securities available-for-sale: Asset-backed securities $ 1,350 $ (1) $ 11 $ 2,359 $ (97) $ (307) $ (71) $ 3,244 $ 25 Commercial mortgage-backed securities 26 — (2) 12 — — — 36 1 Corporates 1,289 8 (29) 76 (22) (196) (13) 1,113 35 Hybrids 4 — — — — (4) — — — Municipals 43 — — — — — — 43 7 Residential mortgage-backed securities 483 — (1) 14 — (102) — 394 22 Foreign Governments 17 — 1 — — — — 18 2 Short-Term — — 2 494 — (304) — 192 1 Equity and preferred securities 5 1 2 4 — — — 12 — Other invested assets: Available-for-sale embedded derivative 27 4 — — — — — 31 — Credit linked note 23 — (3) — — — — 20 — Total assets at Level 3 fair value $ 3,267 $ 12 $ (19) $ 2,959 $ (119) $ (913) $ (84) $ 5,103 $ 93 Future policy benefits $ 5 $ — $ — $ — $ (4) $ (1) $ — $ — $ — FIA embedded derivatives, included in contractholder funds 3,404 35 — — — — — 3,439 — Total liabilities at Level 3 fair value $ 3,409 $ 35 $ — $ — $ (4) $ (1) $ — $ 3,439 $ — Nine months ended September 30, 2020 Balance at Beginning Total Gains (Losses) Purchases Sales Settlements Net transfer In (Out) of Balance at End of Change in Unrealized Incl in OCI F&G Acquisition Included in Included in Assets Fixed maturity securities available-for-sale: Asset-backed securities $ — $ 854 $ (1) $ 20 $ 209 $ (1) $ (114) $ (23) $ 944 $ 21 Commercial mortgage-backed securities — 26 — — — — — — 26 1 Corporates 17 1,238 (4) 47 3 — (34) — 1,267 45 Hybrids — 4 — — — — — — 4 — Municipals — 38 — 4 — — — — 42 5 Residential mortgage-backed securities — 534 — (3) 6 — (29) (7) 501 1 Foreign Governments — 16 — — — — — — 16 — Equity securities 1 1 — — 2 — — — 4 — Other invested assets: Available-for-sale embedded derivative — 20 3 — — — — — 23 — Other long-term investment 120 — (61) — — — — (59) — — Credit linked note — 23 — — — — — — 23 — Total assets at Level 3 fair value $ 138 $ 2,754 $ (63) $ 68 $ 220 $ (1) $ (177) $ (89) $ 2,850 $ 73 Liabilities Future policy benefits $ — $ 5 $ — $ — $ — $ — $ — $ — $ 5 $ — FIA embedded derivatives, included in contractholder funds — 2,852 309 — — — — — 3,161 — Total liabilities at Level 3 fair value $ — $ 2,857 $ 309 $ — $ — $ — $ — $ — $ 3,166 $ — 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. 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 The fair value of mortgage loans is established using a discounted cash flow method based on internal credit rating, maturity and future income. This yield-based approach is sourced from our third-party vendor. The internal 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 inputs used to measure the fair value of our mortgage loans are classified as Level 3 within the fair value hierarchy. Policy Loans (included within Other long-term investments) Fair values for policy loans are estimated from a discounted cash flow analysis, using interest rates currently being offered for loans with similar credit risk. Loans with similar characteristics are aggregated for purposes of the calculations. Company Owned Life Insurance Company owned life insurance (COLI) is a life insurance program used to finance certain employee benefit expenses. The fair value of COLI is based on net realizable value, which is generally cash surrender value. COLI is classified as Level 3 within the fair value hierarchy. Other Invested Assets (included within Other long-term investments) The fair value of the bank loan is estimated using a discounted cash flow method with the discount rate based on weighted average cost of capital ("WACC"). This yield-based approach is sourced from a third-party vendor and the WACC establishes a market participant discount rate by determining the hypothetical capital structure for the asset should it be underwritten as of each period end. Other invested assets are classified as Level 3 within the fair value hierarchy. Investment Contracts Investment contracts include deferred annuities, FIAs, indexed universal life policies ("IULs"), funding agreements and PRT and immediate annuities contracts without life contingencies. The fair value of deferred annuity, FIA, and IUL contracts is based on their cash surrender value (i.e. the cost the Company would incur to extinguish the liability) as these contracts are generally issued without an annuitization date. The fair value of funding agreements and PRT and immediate annuities contracts without life contingencies is derived by calculating a new fair value interest rate using the updated yield curve and treasury spreads as of the respective reporting date. The Company is not required to, and has not, estimated the fair value of the liabilities under contracts that involve significant mortality or morbidity risks, as these liabilities fall within the definition of insurance contracts that are exceptions from financial instruments that require disclosures of fair value. Other Federal Home Loan Bank of Atlanta ("FHLB") common stock, Accounts receivable and Notes receivable are carried at cost, which approximates fair value. FHLB common stock is classified as Level 2 within the fair value hierarchy. Accounts receivable and Notes receivable are classified as Level 3 within the fair value hierarchy. Debt The fair value of debt is based on quoted market prices of other debt with similar characteristics. The inputs used to measure the fair value of our outstanding debt are classified as Level 2 within the fair value hierarchy. The following tables provide the carrying value and estimated fair value of our financial instruments that are carried on the unaudited Condensed Consolidated Balance Sheets at amounts other than fair value, summarized according to the fair value hierarchy previously described. September 30, 2021 (in millions) Level 1 Level 2 Level 3 Total Estimated Fair Value Carrying Amount Assets FHLB common stock $ — $ 72 $ — $ 72 $ 72 Commercial mortgage loans — — 2,011 2,011 1,984 Residential mortgage loans — — 1,473 1,473 1,500 Policy loans — — 37 37 37 Other invested assets — — 5 5 5 Company-owned life insurance — — 327 327 327 Trade and notes receivables, net of allowance — — 523 523 523 Total $ — $ 72 $ 4,376 $ 4,448 $ 4,448 Liabilities Investment contracts, included in contractholder funds $ — $ — $ 26,953 $ 26,953 $ 30,425 Debt — 3,247 — 3,247 3,097 Total $ — $ 3,247 $ 26,953 $ 30,200 $ 33,522 December 31, 2020 (in millions) Level 1 Level 2 Level 3 Total Estimated Fair Value Carrying Amount Assets FHLB common stock $ — $ 66 $ — $ 66 $ 66 Commercial mortgage loans — — 926 926 903 Residential mortgage loans — — 1,123 1,123 1,128 Policy loans — — 33 33 33 Other invested assets — — 28 28 28 Company-owned life insurance — — 305 305 305 Trade and notes receivables, net of allowance — — 437 437 437 Total $ — $ 66 $ 2,852 $ 2,918 $ 2,900 Liabilities Investment contracts, included in contractholder funds $ — $ — $ 21,719 $ 21,719 $ 25,199 Debt — 2,896 — 2,896 2,662 Total $ — $ 2,896 $ 21,719 $ 24,615 $ 27,861 The following table includes assets that have not been classified in the fair value hierarchy as the value of these investments are measured using the equity method of accounting or the net asset value ("NAV") per share practical expedient (in millions): Carrying Value After Measurement September 30, 2021 December 31, 2020 Investments in unconsolidated affiliates (equity method of accounting) $ 138 $ 146 Equity securities (NAV) 35 — Investments in unconsolidated affiliates (NAV) 2,022 1,148 For investments for which NAV is used as a practical expedient for fair value, we do not have any significant restrictions in our ability to liquidate their positions in these investments, other than obtaining general partner approval, nor do we believe it is probable a price less than NAV would be received in the event of a liquidation. Equity method investments are reported on a lag of up to three months for investee information not received timely.

Investments

Investments	9 Months Ended
Investments	Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Investments	Investments Our fixed maturity securities investments have been designated as available-for-sale and are carried at fair value, net of allowance for expected credit losses, with unrealized gains and losses included in AOCI, net of associated adjustments for DAC, VOBA, DSI, unearned revenue ("UREV"), SOP 03-1 reserves, and deferred income taxes. Our equity securities investments are carried at fair value with unrealized gains and losses included in net earnings. The Company’s consolidated investments at September 30, 2021 and December 31, 2020 are summarized as follows (in millions): September 30, 2021 Amortized Cost Allowance for Expected Credit Losses Gross Unrealized Gains Gross Unrealized Losses Fair Value Carrying Value Available-for-sale securities Asset-backed securities $ 7,916 $ (3) $ 293 $ (15) $ 8,191 $ 8,191 Commercial mortgage-backed securities 2,619 (1) 411 (5) 3,024 3,024 Corporates 14,441 — 887 (151) 15,177 15,177 Hybrids 834 — 89 — 923 923 Municipals 1,306 — 71 (9) 1,368 1,368 Residential mortgage-backed securities 714 (4) 33 (2) 741 741 U.S. Government 808 — 5 (8) 805 805 Foreign Governments 199 — 8 (1) 206 206 Total available-for-sale securities $ 28,837 $ (8) $ 1,797 $ (191) $ 30,435 $ 30,435 December 31, 2020 Amortized Cost Allowance for Expected Credit Losses Gross Unrealized Gains Gross Unrealized Losses Fair Value Carrying Value Available-for-sale securities Asset-backed securities $ 5,941 $ — $ 343 $ (18) $ 6,266 $ 6,266 Commercial mortgage-backed/asset-backed securities 2,490 — 342 (3) 2,829 2,829 Corporates 13,582 (16) 1,184 (15) 14,735 14,735 Hybrids 914 — 80 — 994 994 Municipals 1,333 — 72 (2) 1,403 1,403 Residential mortgage-backed securities 806 (3) 23 (1) 825 825 U.S. Government 332 — 10 — 342 342 Foreign Governments 179 — 14 — 193 193 Total available-for-sale securities $ 25,577 $ (19) $ 2,068 $ (39) $ 27,587 $ 27,587 Securities held on deposit with various state regulatory authorities had a fair value of $21,198 million and $16,714 million at September 30, 2021 and December 31, 2020, respectively. As of September 30, 2021 and December 31, 2020, the Company held no material investments that were non-income producing for a period greater than twelve months. As of September 30, 2021 and December 31, 2020, the Company's accrued interest receivable balance was $255 million and $235 million, respectively. Accrued interest receivable is classified within Prepaid expenses and other assets within the unaudited Condensed Consolidated Balance Sheets. In accordance with our FHLB agreements, the investments supporting the funding agreement liabilities are pledged as collateral to secure the FHLB funding agreement liabilities and are not available to the Company for general purposes. The collateral investments had a fair value of $2,278 million and $1,622 million as of September 30, 2021 and December 31, 2020, respectively. The amortized cost and fair value of fixed maturity available-for-sale securities by contractual maturities, as applicable, are shown below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. September 30, 2021 (in millions) Amortized Cost Fair Value Corporates, Non-structured Hybrids, Municipal and Government securities: Due in one year or less $ 387 $ 391 Due after one year through five years 2,668 2,758 Due after five years through ten years 2,593 2,683 Due after ten years 11,914 12,616 Subtotal 17,562 18,448 Other securities which provide for periodic payments: Asset-backed securities 7,916 8,190 Commercial mortgage-backed securities 2,619 3,024 Structured hybrids 26 32 Residential mortgage-backed securities 714 741 Subtotal 11,275 11,987 Total fixed maturity available-for-sale securities $ 28,837 $ 30,435 Allowance for Expected Credit Loss We regularly review available for sale ("AFS") securities for declines in fair value that we determine to be credit related. For our fixed maturity securities, we generally consider the following in determining whether our unrealized losses are credit related, and if so, the magnitude of the credit loss: • The extent to which the fair value is less than the amortized cost basis; • The reasons for the decline in value (credit event, currency or interest-rate related, including general credit spread widening); • The financial condition of and near-term prospects of the issuer (including issuer's current credit rating and the probability of full recovery of principal based upon the issuer's financial strength); • 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 and the issuer's plans to meet such obligations. We recognize an allowance for expected credit losses on fixed maturity securities in an unrealized loss position when it is determined, using the factors discussed above, a component of the unrealized loss is related to credit. We measure the credit loss using a discounted cash flow model that utilizes the single best estimate cash flow and the recognized credit loss is limited to the total unrealized loss on the security (i.e. the fair value floor). Cash flows are discounted using the implicit yield of bonds at their time of purchase and the current book yield for asset and mortgage backed securities as well as variable rate securities. We recognize the expected credit losses in Recognized gains and losses, net in the Consolidated Statements of Earnings, with an offset for the amount of non-credit impairments recognized in AOCI. We do not measure a credit loss allowance on accrued investment income because we write-off accrued interest through to interest and investment income when collectability concerns arise. We consider the following in determining whether write-offs of a security’s amortized cost is necessary: • We believe amounts related to securities have become uncollectible; or • We intend to sell a security; or • It is more likely than not that we will be required to sell a security prior to recovery. If we intend to sell a fixed maturity security or it is more likely than not that we will be required to sell the security before recovery of its amortized cost basis and the fair value of the security is below amortized cost, we will write down the security to current fair value, with a corresponding charge, net of any amount previously recognized as an allowance for expected credit loss, to Recognized gains and losses, net in the accompanying Consolidated Statements of Earnings. If we do not intend to sell a fixed maturity security or it is more likely than not that we will not be required to sell a fixed maturity security before recovery of its amortized cost basis but believe amounts related to a security are uncollectible (generally based on proximity to expected credit loss), an impairment is deemed to have occurred and the amortized cost is written down to the estimated recovery value with a corresponding charge, net of any amount previously recognized as an allowance for expected credit loss, to Recognized gains and losses, net in the accompanying Consolidated Statements of Earnings. The remainder of unrealized loss is held in AOCI. The activity in the allowance for expected credit losses of available-for-sale securities aggregated by investment category were as follows for the three and nine-month periods ended September 30, 2021 (in millions): Three Months Ended September 30, 2021 Additions Reductions Balance at Beginning of Period For credit losses on securities for which losses were not previously recorded For initial credit losses on purchased securities accounted for as PCD financial assets (1) (Additions) reductions in allowance recorded on previously impaired securities For securities sold during the period For securities intended/required to be sold prior to recovery of amortized cost basis Write-offs charged against the allowance Recoveries of amounts previously written off Balance at End of Period Available-for-sale securities Asset-backed securities $ (4) $ — $ — $ 1 $ — $ — $ — — $ (3) Commercial mortgage-backed securities (1) — — — — — — — (1) Corporates (5) — — — — — 5 — — Residential mortgage-backed securities (3) — — (1) — — — — (4) Total available-for-sale securities $ (13) $ — $ — $ — $ — $ — $ 5 $ — $ (8) Nine Months Ended September 30, 2021 Additions Reductions Balance at Beginning of Period For credit losses on securities for which losses were not previously recorded For initial credit losses on purchased securities accounted for as PCD financial assets (1) (Additions) reductions in allowance recorded on previously impaired securities For securities sold during the period For securities intended/required to be sold prior to recovery of amortized cost basis Writeoffs charged against the allowance Recoveries of amounts previously written off Balance at End of Period Available-for-sale securities Asset-backed securities $ — $ — $ (1) $ (2) — $ — $ — $ — $ — $ (3) Commercial mortgage-backed securities — (1) — — — — — — — (1) Corporates (16) — — 4 — — — 8 4 — Residential mortgage-backed securities (3) — — (1) — — — — — (4) Total available-for-sale securities $ (19) $ (1) $ (1) $ 1 $ — $ — $ — $ 8 $ 4 $ (8) (1) Purchased credit deteriorated financial assets ("PCD") Purchased credit-deteriorated available-for-sale debt securities ("PCD"s) are AFS securities purchased at a discount, where part of that discount is attributable to credit. Credit loss allowances are calculated for these securities as of the date of their acquisition, with the initial allowance serving to increase amortized cost. The following table summarizes purchases of PCD AFS securities during the three and nine-month periods ended September 30, 2021 (in millions). Three months ended Nine months ended Purchased credit-deteriorated available-for-sale debt securities September 30, 2021 September 30, 2021 Purchase price $ — $ 4 Allowance for credit losses at acquisition — 1 AFS purchased credit-deteriorated par value $ — $ 5 The fair value and gross unrealized losses of AFS securities, excluding securities in an unrealized loss position with an allowance for expected credit loss, aggregated by investment category and duration of fair value below amortized cost as of September 30, 2021 and December 31, 2020 were as follows (dollars in millions): September 30, 2021 Less than 12 months 12 months or longer Total Fair Value Gross Unrealized Fair Value Gross Unrealized Fair Value Gross Unrealized Available-for-sale securities Asset-backed securities $ 1,462 $ (10) $ 121 $ (5) $ 1,583 $ (15) Commercial mortgage-backed securities 258 (4) 3 (2) 261 (6) Corporates 4,190 (130) 219 (20) 4,409 (150) Hybrids 2 — — — 2 — Municipals 234 (7) 53 (2) 287 (9) Residential mortgage-backed securities 55 (1) 11 (1) 66 (2) U.S. Government 567 (8) 2 — 569 (8) Foreign Government 13 (1) — — 13 (1) Total available-for-sale securities $ 6,781 $ (161) $ 409 $ (30) $ 7,190 $ (191) Total number of available-for-sale securities in an unrealized loss position less than twelve months 916 Total number of available-for-sale securities in an unrealized loss position twelve months or longer 53 Total number of available-for-sale securities in an unrealized loss position 969 December 31, 2020 Less than 12 months 12 months or longer Total Fair Value Gross Unrealized Fair Value Gross Unrealized Fair Value Gross Unrealized Available-for-sale securities Asset-backed securities $ 477 $ (18) $ — $ — $ 477 $ (18) Commercial mortgage-backed securities 51 (3) — — 51 (3) Corporates 865 (15) 36 — 901 (15) Hybrids 1 — — — 1 — Municipals 115 (2) — — 115 (2) Residential mortgage-backed securities 30 (1) — — 30 (1) U.S. Government 11 — — — 11 — Total available-for-sale securities $ 1,550 $ (39) $ 36 $ — $ 1,586 $ (39) Total number of available-for-sale securities in an unrealized loss position less than twelve months 222 Total number of available-for-sale securities in an unrealized loss position twelve months or longer 11 Total number of available-for-sale securities in an unrealized loss position 233 We determined the increase in unrealized losses as of September 30, 2021 was caused by higher treasury rates, offset by narrower spreads in certain sectors. This in part is expected as the economy continues its anticipated path to recovery. For securities in an unrealized loss position as of September 30, 2021 an expected credit loss was not determined, and we believe that the unrealized loss is being driven by interest rate increases or near-term illiquidity and uncertainty of the impact of COVID-19 on the economy as opposed to issuer specific credit concerns. Specific to asset-backed and mortgage-backed securities for which an expected credit loss was not determined, the effect of any increased expectations of underlying collateral defaults has not risen to the level of impacting the tranches of those securities.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
Derivative Financial Instruments	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The carrying amounts of derivative instruments, including derivative instruments embedded in FIA and reinsurance contracts, as of September 30, 2021 and December 31, 2020 is as follows (in millions): September 30, 2021 December 31, 2020 Assets: Derivative investments: Call options $ 580 $ 548 Futures contracts — — Foreign currency forward 1 — Other long-term investments: Other embedded derivatives 30 27 $ 611 $ 575 Liabilities: Contractholder funds: FIA embedded derivative $ 3,439 $ 3,404 Accounts payable and accrued liabilities: Reinsurance related embedded derivative 84 101 $ 3,523 $ 3,505 The change in fair value of derivative instruments included in the accompanying unaudited Condensed Consolidated Statements of Earnings is as follows (in millions): Three Months Ended Nine Months Ended Four Months Ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Net investment gains (losses): Call options $ (6) $ 43 $ 273 $ 55 Futures contracts — 7 4 9 Foreign currency forward 3 (4) 7 (4) Other derivatives and embedded derivatives (1) 2 2 3 Reinsurance related embedded derivatives 23 (14) 23 (35) Total net investment gains (losses) $ 19 $ 34 $ 309 $ 28 Benefits and other changes in policy reserves: FIA embedded derivatives $ (320) $ 209 $ 35 $ 309 Additional Disclosures FIA Embedded Derivative and Call Options and Futures We have FIA Contracts that permit the holder to elect an interest rate return or an equity index linked component, where interest credited to the contracts is linked to the performance of various equity indices, primarily the S&P 500 Index. This feature represents an embedded derivative under GAAP. The FIA embedded derivative is valued at fair value and included in the liability for contractholder funds in the accompanying unaudited Condensed Consolidated Balance Sheets with changes in fair value included as a component of Benefits and other changes in policy reserves in the unaudited Condensed Consolidated Statements of Earnings. See a description of the fair value methodology used in Note C Fair Value of Financial Instruments . Also refer to Managements Estimates in Note A Basis of Financial Statements regarding the implementation of a new actuarial valuation system and assumption updates during the three-months ended September 30, 2021. The system implementation and assumption review process included refinements in the calculation of the fair value of the embedded derivative component of our fixed index annuities. We purchase derivatives consisting of a combination of call options and futures contracts on the applicable market indices to fund the index credits due to FIA contractholders. The call options are one two three five Other market exposures are hedged periodically depending on market conditions and our risk tolerance. Our FIA hedging strategy economically hedges the equity returns and exposes us to the risk that unhedged market exposures result in divergence between changes in the fair value of the liabilities and the hedging assets. We use a variety of techniques, including direct estimation of market sensitivities, to monitor this risk daily. We intend to continue to adjust the hedging strategy as market conditions and our risk tolerance changes. Credit Risk We are exposed to credit loss in the event of non-performance by our counterparties on the call options and reflect assumptions regarding this non-performance risk in the fair value of the call options. The non-performance risk is the net counterparty exposure based on the fair value of the open contracts less collateral held. We maintain a policy of requiring all derivative contracts to be governed by an International Swaps and Derivatives Association (“ISDA”) Master Agreement. Information regarding our exposure to credit loss on the call options we hold as of September 30, 2021 and December 31, 2020, is presented in the following table (in millions): September 30, 2021 Counterparty Credit Rating Notional Fair Value Collateral Net Credit Risk Merrill Lynch AA//A+ $ 2,180 $ 67 $ 27 $ 40 Morgan Stanley /Aa3/A+ 2,051 61 67 — Barclay's Bank A+/A1/A 5,508 154 165 — Canadian Imperial Bank of Commerce AA/Aa2/A+ 2,499 87 94 — Wells Fargo A+/A1/BBB+ 2,575 87 90 — Goldman Sachs A/A2/BBB+ 383 11 13 — Credit Suisse A/A1/A+ 2,184 78 89 — Truist A+/A2/A 1,135 35 37 — Total $ 18,515 $ 580 $ 582 $ 40 December 31, 2020 Counterparty Credit Rating Notional Fair Value Collateral Net Credit Risk Merrill Lynch AA-//A+ $ 1,932 $ 75 $ 32 $ 43 Morgan Stanley A/A2/BBB+ 1,503 40 41 — Barclay's Bank A+/A1/A 4,639 180 169 11 Canadian Imperial Bank of Commerce AA/Aa2/A+ 2,276 86 85 1 Wells Fargo A+/A2/BBB+ 2,900 106 105 1 Goldman Sachs A/A3/BBB+ 634 15 15 — Credit Suisse A/Aa3/A+ 1,373 27 25 2 Truist A+/A2/A 652 19 19 — Total $ 15,909 $ 548 $ 491 $ 58 (1) An represents credit ratings that were not available. Collateral Agreements We are required to maintain minimum ratings as a matter of routine practice as part of our over-the-counter derivative agreements on ISDA forms. Under some ISDA agreements, we have agreed to maintain certain financial strength ratings. A downgrade below these levels provides the counterparty under the agreement the right to terminate the open option contracts between the parties, at which time any amounts payable by us or the counterparty would be dependent on the market value of the underlying option contracts. Our current rating does not allow any counterparty the right to terminate ISDA agreements. In certain transactions, both us and the counterparty have entered into a collateral support agreement requiring either party to post collateral when the net exposures exceed pre-determined thresholds. For all counterparties, except Merrill Lynch, this threshold is set to zero. As of September 30, 2021 and December 31, 2020, respectively, counterparties posted $582 million and $491 million of collateral of which $429 million and $415 million is included in cash and cash equivalents with an associated payable for this collateral included in accounts payable and accrued liabilities on the unaudited Condensed Consolidated Balance Sheet. Accordingly, the maximum amount of loss due to credit risk that we would incur if parties to the call options failed completely to perform according to the terms of the contracts was $40 million at September 30, 2021 and $58 million at December 31, 2020. We are required to pay counterparties the effective federal funds rate each day for cash collateral posted to F&G for daily mark to market margin changes. We reinvest derivative cash collateral to reduce the interest cost. Cash collateral is invested in overnight investment sweep products which are included in cash and cash equivalents in the accompanying unaudited Condensed Consolidated Balance Sheets. We held 354 and 384 futures contracts at September 30, 2021 and December 31, 2020, respectively. The fair value of the futures contracts represents the cumulative unsettled variation margin (open trade equity, net of cash settlements). We provide cash collateral to the counterparties for the initial and variation margin on the futures contracts which is included in cash and cash equivalents in the accompanying unaudited Condensed Consolidated Balance Sheets. The amount of cash collateral held by the counterparties for such contracts was $3 million and $4 million at September 30, 2021 and December 31, 2020, respectively. Reinsurance Related Embedded Derivatives F&G entered into a reinsurance agreement with Kubera effective December 31, 2018, to cede certain deferred annuity business on a coinsurance funds withheld basis, net of applicable existing reinsurance. Additionally, F&G entered into a reinsurance agreement with Aspida effective January 1, 2021, to cede a quota share of certain deferred annuity business on a funds withheld basis. Fair value movements in the funds withheld balances associated with these arrangements creates an obligation for FGL Insurance to pay Kubera and Aspida at a later date, which results in embedded derivatives. These embedded derivatives are considered total return swaps with contractual returns that are attributable to the assets and liabilities associated with the reinsurance arrangements. The fair value of the total return swap is based on the change in fair value of the underlying assets held in the funds withheld portfolio. Investment results for the assets that support the

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal and Regulatory Contingencies In the ordinary course of business, we are involved in various pending and threatened litigation matters related to our operations, some of which include claims for punitive or exemplary damages. With respect to our title insurance operations, this customary litigation includes but is not limited to a wide variety of cases arising out of or related to title and escrow claims, for which we make provisions through our loss reserves. See Note B Summary of Reserve for Title Claim Losses for further discussion. Additionally, like other companies, our ordinary course litigation includes a number of class action and purported class action lawsuits, which make allegations related to aspects of our operations. We believe that no actions, other than the matters discussed below, if any, depart from customary litigation incidental to our business. We review lawsuits and other legal and regulatory matters (collectively “legal proceedings”) on an ongoing basis when making accrual and disclosure decisions. When assessing reasonably possible and probable outcomes, management bases its decision on its assessment of the ultimate outcome assuming all appeals have been exhausted. For legal proceedings in which it has been determined that a loss is both probable and reasonably estimable, a liability based on known facts and which represents our best estimate has been recorded. Our accrual for legal and regulatory matters was $12 million and $13 million as of September 30, 2021 and December 31, 2020, respectively. None of the amounts we have currently recorded are considered to be material to our financial condition individually or in the aggregate. Actual losses may materially differ from the amounts recorded and the ultimate outcome of our pending legal proceedings is generally not yet determinable. While some of these matters could be material to our operating results or cash flows for any particular period if an unfavorable outcome results, at present we do not believe that the ultimate resolution of currently pending legal proceedings, either individually or in the aggregate, will have a material adverse effect on our financial condition. Two lawsuits have been filed related to FNF’s acquisition of F&G. On August 4, 2020, a stockholder derivative lawsuit styled, City of Miami General Employees’ and Sanitation Employees’ Retirement Trust v. Fidelity National Financial, et al. , was filed in the Court of Chancery of the State of Delaware against the Company, its Board of Directors and others alleging breach of fiduciary duties as directors and officers relating to FNF’s acquisition of F&G. Our Board of Directors (“Board”) has designated a Special Litigation Committee (the “SLC”) consisting of three of the Board’s Directors, and has authorized the SLC, among other things, to investigate and evaluate the claims and allegations asserted in the lawsuit. The Board has also given the SLC the sole authority and power to consider and determine whether or not prosecution of the claims asserted in the lawsuit is in the best interest of the Company and our shareholders, and what action we should take with respect to the lawsuit. The parties have agreed to stay the action until November 24, 2021, to allow sufficient time for the SLC to investigate the allegations and provide its evaluation. On August 17, 2020, a lawsuit styled , In the Matter of FGL Holdings , was filed in the Grand Court of the Cayman Islands where dissenting shareholders, Kingfishers LP, Kingstown 1740 Fund LP, Kingstown Partners II LP, Kingstown Partners Master Ltd., and Ktown LP, have asserted statutory appraisal rights relative to their ownership of 12,000,000 shares of F&G stock in connection with the acquisition. They seek a judicial determination of the fair value of their shares of F&G stock under the law of the Cayman Islands, together with interest. Discovery is ongoing. We do not believe the result in either case will have a material adverse effect on our financial condition. From time to time we receive inquiries and requests for information from state insurance departments, attorneys general and other regulatory agencies about various matters relating to our business. Sometimes these take the form of civil investigative demands or subpoenas. We cooperate with all such inquiries and we have responded to or are currently responding to inquiries from multiple governmental agencies. Also, regulators and courts have been dealing with issues arising from foreclosures and related processes and documentation. Various governmental entities are studying the title insurance product, market, pricing, and business practices, and potential regulatory and legislative changes, which may materially affect our business and operations. From time to time, we are assessed fines for violations of regulations or other matters or enter into settlements with such authorities which may require us to pay fines or claims or take other actions. We do not anticipate such fines and settlements, either individually or in the aggregate, will have a material adverse effect on our financial condition. F&G Commitments In our F&G segment, we have unfunded investment commitments as of September 30, 2021 based upon the timing of when investments are executed compared to when the actual investments are funded, as some investments require that funding occur over a period of months or years. A summary of unfunded commitments by invested asset class as of September 30, 2021 is included below (in millions): September 30, 2021 Asset Type Unconsolidated VIEs: Limited partnerships $ 928 Whole loans 741 Fixed Maturity securities, ABS 247 Other fixed maturity securities, AFS 105 Commercial mortgage loans 109 Other assets 111 Other invested assets 14 Total $ 2,255

Dividends

Dividends	9 Months Ended
Dividends	Sep. 30, 2021
Equity [Abstract]
Dividends	DividendsOn November 2, 2021, our Board of Directors declared cash dividends of $0.44 per share, payable on December 31, 2021, to FNF common shareholders of record as of December 17, 2021.

Segment Information

Segment Information	9 Months Ended
Segment Information	Sep. 30, 2021
Segment Reporting [Abstract]
Segment Information	Segment Information Summarized financial information concerning our reportable segments is shown in the following tables. On June 1, 2020, we completed our acquisition of F&G. As a result, the tables for the nine months ended September 30, 2020 present four months of F&G activity. As of and for the three months ended September 30, 2021: Title F&G Corporate and Other Total (In millions) Title premiums $ 2,214 $ — $ — $ 2,214 Other revenues 849 431 44 1,324 Revenues from external customers 3,063 431 44 3,538 Interest and investment income, including recognized gains and losses, net (142) 496 — 354 Total revenues 2,921 927 44 3,892 Depreciation and amortization 36 210 6 252 Interest expense — 6 21 27 Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of unconsolidated affiliates 486 472 (32) 926 Income tax expense (benefit) 126 96 (9) 213 Earnings (loss) from continuing operations before equity in earnings (loss) of unconsolidated affiliates 360 376 (23) 713 Equity in earnings of unconsolidated affiliates 26 — 1 27 Net earnings (loss) from continuing operations $ 386 $ 376 $ (22) $ 740 Assets $ 9,994 $ 46,723 $ 1,789 $ 58,506 Goodwill 2,493 1,756 266 4,515 As of and for the three months ended September 30, 2020: Title F&G Corporate and Other Total (In millions) Title premiums $ 1,714 $ — $ — $ 1,714 Other revenues 742 60 51 853 Revenues from external customers 2,456 60 51 2,567 Interest and investment income, including recognized gains and losses, net 28 382 (1) 409 Total revenues 2,484 442 50 2,976 Depreciation and amortization 39 56 5 100 Interest expense — 7 22 29 Earnings (loss) from continuing operations before income taxes and equity in earnings of unconsolidated affiliates 507 72 (40) 539 Income tax expense (benefit) 129 6 (2) 133 Earnings (loss) from continuing operations before equity in earnings (loss) of unconsolidated affiliates 378 66 (38) 406 Equity in earnings (loss) of unconsolidated affiliates 5 — 2 7 Net earnings (loss) from continuing operations $ 383 $ 66 $ (36) $ 413 Assets $ 9,107 $ 39,716 $ 1,062 $ 49,885 Goodwill 2,461 1,731 266 4,458 As of and for the nine months ended September 30, 2021: Title F&G Corporate and Other Total (In millions) Title premiums $ 6,178 $ — $ — $ 6,178 Other revenues 2,433 557 133 3,123 Revenues from external customers 8,611 557 133 9,301 Interest and investment income, including recognized gains and losses, net (175) 1,711 9 1,545 Total revenues 8,436 2,268 142 10,846 Depreciation and amortization 103 419 18 540 Interest expense — 21 62 83 Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of unconsolidated affiliates 1,569 925 (98) 2,396 Income tax expense (benefit) 389 189 (23) 555 Earnings (loss) from continuing operations before equity in earnings (loss) of unconsolidated affiliates 1,180 736 (75) 1,841 Equity in earnings of unconsolidated affiliates 48 — 6 54 Net earnings (loss) from continuing operations $ 1,228 $ 736 $ (69) $ 1,895 Assets $ 9,994 $ 46,723 $ 1,789 $ 58,506 Goodwill 2,493 1,756 266 4,515 As of and for the nine months ended September 30, 2020: Title F&G Corporate and Other Total (In millions) Title premiums $ 4,351 $ — $ — $ 4,351 Other revenues 2,007 80 114 2,201 Revenues from external customers 6,358 80 114 6,552 Interest and investment income, including recognized gains and losses, net (27) 486 (3) 456 Total revenues 6,331 566 111 7,008 Depreciation and amortization 113 59 17 189 Interest expense 1 10 51 62 Earnings (loss) from continuing operations before income taxes and equity in earnings of unconsolidated affiliates 982 14 (142) 854 Income tax expense (benefit) 240 (8) (38) 194 Earnings (loss) from continuing operations before equity in earnings (loss) of unconsolidated affiliates 742 22 (104) 660 Equity in earnings (loss) of unconsolidated affiliates 8 — 1 9 Net earnings (loss) $ 750 $ 22 $ (103) $ 669 Assets $ 9,107 $ 39,716 $ 1,062 $ 49,885 Goodwill 2,461 1,731 266 4,458 The activities in our segments include the following: • Title. This segment consists of the operations of our title insurance underwriters and related businesses. This segment provides core title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, and home warranty products. This segment also includes our transaction services business, which includes other title-related services used in the production and management of mortgage loans, including mortgage loans that experience default. • F&G . This segment consists of operations of our annuities and life insurance related businesses. This segment issues a broad portfolio of deferred annuities (fixed index and fixed rate annuities), immediate annuities, indexed universal life insurance, funding agreements and PRT solutions. • Corporate and Other. This segment consists of the operations of the parent holding company, our real estate technology subsidiaries and our remaining real estate brokerage businesses. This segment also includes certain other unallocated corporate overhead expenses and eliminations of revenues and expenses between it and our Title segment.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
Supplemental Cash Flow Information	Sep. 30, 2021
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information The following supplemental cash flow information is provided with respect to certain cash payment and non-cash investing and financing activities. Nine months ended September 30, 2021 2020 Cash paid for: Interest $ 85 $ 47 Income taxes 488 191 Deferred sales inducements 65 25 Non-cash investing and financing activities: Equity financing associated with the acquisition of F&G $ — $ 609 Change in proceeds of sales of investments available for sale receivable in period (215) (67) Change in purchases of investments available for sale payable in period 465 93 Lease liabilities recognized in exchange for lease right-of-use assets 32 39 Remeasurement of lease liabilities 65 39

Revenue Recognition

Revenue Recognition	9 Months Ended
Revenue Recognition	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Disaggregation of Revenue Our revenue consists of: Three months ended September 30, Nine months ended September 30, 2021 2020 2021 2020 Revenue Stream Income Statement Classification Segment Total Revenue Revenue from insurance contracts: (in millions) Direct title insurance premiums Direct title insurance premiums Title $ 896 $ 733 $ 2,546 $ 1,854 Agency title insurance premiums Agency title insurance premiums Title 1,318 981 3,632 2,497 Life insurance premiums, insurance and investment product fees, and other Escrow, title-related and other fees F&G 431 60 557 80 Home warranty Escrow, title-related and other fees Title 57 51 144 140 Total revenue from insurance contracts 2,702 1,825 6,879 4,571 Revenue from contracts with customers: Escrow fees Escrow, title-related and other fees Title 359 334 1,057 814 Other title-related fees and income Escrow, title-related and other fees Title 226 189 663 516 ServiceLink, excluding title premiums, escrow fees, and subservicing fees Escrow, title-related and other fees Title 108 92 295 284 Real estate technology Escrow, title-related and other fees Corporate and other 37 29 105 81 Real estate brokerage Escrow, title-related and other fees Corporate and other — 7 — 19 Other Escrow, title-related and other fees Corporate and other 7 15 28 14 Total revenue from contracts with customers 737 666 2,148 1,728 Other revenue: Loan subservicing revenue Escrow, title-related and other fees Title 99 76 274 253 Interest and investment income Interest and investment income Various 508 336 1,424 541 Recognized gains and losses, net Recognized gains and losses, net Various (154) 73 121 (85) Total revenues Total revenues $ 3,892 $ 2,976 $ 10,846 $ 7,008 Our Direct title insurance premiums are recognized as revenue at the time of closing of the underlying transaction as the earnings process is then considered complete. Regulation of title insurance rates varies by state. Premiums are charged to customers based on rates predetermined in coordination with each states' respective Department of Insurance. Cash associated with such revenue is typically collected at closing of the underlying real estate transaction. Premium revenues from agency title operations are recognized when the underlying title order and transaction closing, if applicable, are complete. Revenues from our home warranty business are generated from contracts with customers to provide warranty for major home appliances. Substantially all of our home warranty contracts are one year in length and revenue is recognized ratably over the term of the contract. Escrow fees and Other title-related fees and income in our Title segment are closely related to Direct title insurance premiums and are primarily associated with managing the closing of real estate transactions, including the processing of funds on behalf of the transaction participants, gathering and recording the required closing documents, providing notary and home inspection services, and other real estate or title-related activities. Revenue is primarily recognized upon closing of the underlying real estate transaction or completion of services. Cash associated with such revenue is typically collected at closing. Revenues from ServiceLink, excluding its title premiums, escrow fees and loan subservicing fees primarily include revenues from real estate appraisal services and foreclosure processing and facilitation services. Revenues from real estate appraisal services are recognized when all appraisal work is complete, a final report is issued to the client and the client is billed. Revenues from foreclosure processing and facilitation services are primarily recognized upon completion of the services and when billing to the client is complete. Life insurance premiums in our F&G segment reflect premiums for traditional life insurance products, life-contingent immediate annuity products and life-contingent PRT products which are recognized as revenue when due from the policyholder. Insurance and investment product fees and other consist primarily of the cost of insurance fees on IUL policies, UREV on IUL policies, policy rider fees primarily on FIA policies and surrender charges assessed against policy withdrawals in excess of the policyholder's allowable penalty-free amounts. Real estate technology revenues are primarily comprised of subscription fees for use of software provided to real estate professionals. Subscriptions are only offered on a month-by-month basis and fees are billed monthly. Revenue is recognized in the month services are provided. Real estate brokerage revenues are primarily comprised of commission revenues earned in association with the facilitation of real estate transactions and are recognized upon closing of the sale of the underlying real estate transaction. Loan subservicing revenues are generated by certain subsidiaries of ServiceLink and are associated with the servicing of mortgage loans on behalf of its customers. Revenue is recognized when the underlying work is performed and billed. Loan subservicing revenues are subject to the recognition requirements of ASC Topic 860. Interest and investment income consists primarily of interest recognized on fixed maturity security holdings, limited partnership returns and dividends recognized on equity and preferred security holdings, net of investment expense. We do not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, primarily related to revenue from our home warranty business, and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. Contract Balances The following table provides information about trade receivables and deferred revenue: September 30, 2021 December 31, 2020 (In millions) Trade receivables $ 484 $ 404 Deferred revenue (contract liabilities) 108 117 Deferred revenue is recorded primarily for our home warranty contracts. Revenues from home warranty products are recognized over the life of the policy, which is primarily one year. The unrecognized portion is recorded as deferred revenue in accounts payable and other accrued liabilities in the unaudited Condensed Consolidated Balance Sheets. During the three and nine months ended September 30, 2021, we recognized $56 million and $87 million of revenue, respectively, which was included in deferred revenue at the beginning of the respective period.

Value of Business Acquired, Def

Value of Business Acquired, Deferred Acquisition Costs and Deferred Sales Inducements	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Value of Business Acquired, Deferred Acquisition Costs and Deferred Sales Inducements	Value of Business Acquired, Deferred Acquisition Costs and Deferred Sales Inducements A summary of the changes in the carrying amounts of our VOBA, DAC and DSI intangible assets are as follows (in millions): VOBA DAC DSI Total Balance at December 31, 2020 $ 1,466 $ 222 $ 36 $ 1,724 Deferrals — 427 65 492 Amortization (376) (34) (26) (436) Interest 23 8 1 32 Unlocking (1) 1 (1) (1) Adjustment for net unrealized investment losses (gains) 38 (18) (1) 19 Purchase price allocation adjustments 61 — — 61 Balance at September 30, 2021 $ 1,211 $ 606 $ 74 $ 1,891 VOBA DAC DSI Total Balance at December 31, 2019 $ — $ — $ — $ — F&G acquisition 1,903 — — 1,903 Deferrals — 130 25 155 Amortization (56) (3) (2) (61) Interest 12 1 — 13 Unlocking (1) — — (1) Adjustment for net unrealized investment (gains) losses (228) (15) (4) (247) Balance at September 30, 2020 $ 1,630 $ 113 $ 19 $ 1,762 Annually, typically in the third quarter, we review assumptions associated with the amortization of intangibles. In addition, during the three months ended September 30, 2021, we implemented a new actuarial valuations system and as a result, our third quarter 2021 assumption updates include model refinements and assumption updates resulting from the implementation. The changes, taken together, increased amortization of intangibles by $136 million. Amortization of VO BA, DAC, and DSI is based on the current and future expected gross margins or profits recognized, including investment gains and losses. The interest accrual rate utilized to calculate the accretion of interest on VOBA ranged from 0% to 4.71%. The adjustment for unrealized net investment losses (gains) represents the amount of VOBA, DAC, and DSI that would have been amortized if such unrealized gains and losses had been recognized. This is referred to as the “shadow adjustments” as the additional amortization is reflected in AOCI rather than the unaudited Condensed Consolidated Statements of Earnings. As of September 30, 2021 and September 30, 2020, the VOBA balances included cumulative adjustments for net unrealized investment gains of $245 million and $228 million, respectively, the DAC balances included cumulative adjustments for net unrealized investment gains of $44 million and $15 million, respectively, and the DSI balance included net unrealized investment gains of $6 million and $4 million, respectively. For the inforce liabilities as of September 30, 2021, the estimated amortization expense for VOBA in future fiscal periods is as follows (in millions): Estimated Amortization Expense Fiscal Year 2021 $ (17) 2022 40 2023 165 2024 159 2025 153 Thereafter 956

F&G Reinsurance

F&G Reinsurance	9 Months Ended
F&G Reinsurance	Sep. 30, 2021
Reinsurance Disclosures [Abstract]
F&G Reinsurance	F&G Reinsurance F&G reinsures portions of its policy risks with other insurance companies. The use of indemnity reinsurance does not discharge an insurer from liability on the insurance ceded. The insurer is required to pay in full the amount of its insurance liability regardless of whether it is entitled to or able to receive payment from the reinsurer. The portion of risks exceeding F&G's retention limit is reinsured. F&G primarily seeks reinsurance coverage in order to limit its exposure to mortality losses and enhance capital management. If the underlying policy being reinsured is an insurance contract, F&G follows reinsurance accounting when there is adequate risk transfer or deposit accounting if there is inadequate risk transfer. If the underlying policy being reinsured is an investment contract, the effects of the agreement are accounted for as a separate investment contract. The effect of reinsurance on net premiums earned and net benefits incurred (benefits paid and reserve changes) for the three and nine months ended September 30, 2021 and the three and four months ended September 30, 2020 (following our June 1, 2020 acquisition of F&G) were as follows (in millions): Three months ended Nine months ended Four months ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Net Premiums Earned Net Benefits Incurred Net Premiums Earned Net Benefits Incurred Net Premiums Earned Net Benefits Incurred Net Premiums Earned Net Benefits Incurred Direct $ 412 $ 461 $ 48 $ 308 $ 500 $ 1,646 $ 65 $ 463 Ceded (32) (276) (36) (57) (103) (912) (49) (57) Net $ 380 $ 185 $ 12 $ 251 $ 397 $ 734 $ 16 $ 406 Amounts payable or recoverable for reinsurance on paid and unpaid claims are not subject to periodic or maximum limits. F&G did not write off any significant reinsurance balances during the nine months ended September 30, 2021 or four months ended September 30, 2020. F&G did not commute any ceded reinsurance treaties during the nine months ended September 30, 2021 or four months ended September 30, 2020. Following the adoption of ASC 326, F&G estimates expected credit losses on reinsurance recoverables using a probability of default/loss given default model. Significant inputs to the model include the reinsurers credit risk, expected timing of recovery, industry-wide historical default experience, senior unsecured bond recovery rates, and credit enhancement features. As of the June 1, 2020 acquisition of F&G, due to purchase accounting adjustments, our expected credit loss reserve was valued at $0. During the three and nine months ended September 30, 2021 and the three and four months ended September 30, 2020, the expected credit loss reserve decreased from $21 million to $19 million and increased from $0 to $22 million, respectively. No policies issued by F&G have been reinsured with any foreign company, which is controlled, either directly or indirectly, by a party not primarily engaged in the business of insurance. F&G has not entered into any reinsurance agreements in which the reinsurer may unilaterally cancel any reinsurance for reasons other than non-payment of premiums or other similar credit issues. Effective May 1, 2020, F&G entered into an indemnity reinsurance agreement with Canada Life Assurance Company United States Branch, a third party reinsurer, to reinsure FIA policies with guaranteed minimum withdrawal benefits ("GMWB"). In accordance with the terms of this agreement, F&G cedes a quota share percentage of the net retention of guarantee payments in excess of account value for GMWB. Effective January 1, 2021, F&G amended this agreement to include the GMWB rider for its SecureIncome 7 product. The effects of this agreement are not accounted for as reinsurance as it does not satisfy the risk transfer requirements for GAAP, since it is not “reasonably possible” that the reinsurer may realize significant loss from assuming the insurance risk. On January 15, 2021, F&G executed a Funds Withheld Coinsurance Agreement with ASPIDA Life Re Ltd ("Aspida Re"), a Bermuda reinsurer. In accordance with the terms of this agreement, F&G cedes to the reinsurer, on a fifty percent (50%) funds withheld coinsurance basis, certain multiyear guaranteed annuity business written effective January 1, 2021. The effects of this agreement are accounted for as a separate investment contract. On May 31, 2021, two Novation Agreements were executed by and among Freestone Re Ltd., an exempted company incorporated in the Cayman Islands with limited liability (the “New Reinsurer”), Front Street Re (Cayman) Ltd., an exempted company incorporated in the Cayman Islands with limited liability (the “Original Reinsurer”) and FGL Insurance. The effective dates of the agreements are April 1, 2021. As these agreements are intercompany both before and after the novation, they are eliminated in consolidation for GAAP reporting. Concentration of Reinsurance Risk F&G has a significant concentration of reinsurance risk with third party reinsurers, Wilton Reassurance Company (“Wilton Re”), Kubera and Aspida Re that could have a material impact on the Company’s financial position in the event that any of these reinsurers fail to perform their obligations under the various reinsurance treaties. Wilton Re is a wholly-owned subsidiary of Canada Pension Plan Investment Board ("CPPIB"). CPPIB has an AAA issuer credit rating from Standard & Poor's Ratings Services ("S&P") as of September 30, 2021. Kubera is not rated, however, management has attempted to mitigate the risk of non-performance through the funds withheld arrangement. As of September 30, 2021, Aspida Re has a A- issuer credit rating from AM Best and a BBB from Fitch, and the risk of non-performance is further mitigated through the funds withheld arrangement. As of September 30, 2021, the net amount recoverable from Wilton Re, Kubera, and Aspida Re was $1,287 million, $789 million, and $717 million, respectively. The Company monitors both the financial condition of individual reinsurers and risk concentration arising from similar activities and economic characteristics of reinsurers to attempt to reduce the risk of default by such reinsurers. The Company believes that all amounts due from Wilton Re, Kubera and Aspida Re for periodic treaty settlements are collectible as of September 30, 2021. On March 6, 2019, Scottish Re (U.S.), Inc. (“SRUS”), a Delaware domestic life and health reinsurer of F&G, was ordered into receivership for purposes of rehabilitation. As of September 30, 2021, the net amount recoverable from SRUS was $30 million. The financial exposure related to these ceded reserves are substantially mitigated via a reinsurance agreement whereby Wilton Re assumes treaty non-performance including credit risk for this business. Wilton Re is currently meeting all conditions related to these assumed obligations. On July 9, 2019, Pavonia Life Insurance Company of Michigan (“Pavonia”), a Michigan domiciled life, accident, and health insurance company, was placed into rehabilitation. While the court order indicated that Pavonia had a stable financial condition and lack of non-insurance affiliated investments, the Director of the Michigan Department of Insurance and Financial Services (“MDIFS") has concerns relating to Pavonia's parent company. To insulate Pavonia from its parent until a pending acquisition transaction could be consummated, MDIFS placed Pavonia under supervision and rehabilitation. As of September 30, 2021, the net amount recoverable from Pavonia was $76 million. On July 15, 2021, Aspida Holdings Ltd. (“Aspida”) acquired Global Bankers Insurance Group, LLC, the parent company of Pavonia, and is now known as Aspida Financial Services, LLC (“Aspida Financial”). Following the acquisition, Pavonia is no longer in rehabilitation. We believe any financial exposure related to these ceded reserves would be substantially mitigated via a reinsurance agreement whereby Wilton Re assumes treaty non-performance including credit risk for this business. There have been no other material changes in the reinsurance and the intercompany reinsurance agreements described in our Annual Report on Form 10-K for the year ended December 31, 2020.

F&G Insurance Subsidiary Financ

F&G Insurance Subsidiary Financial Information and Regulatory Matters	9 Months Ended
	Sep. 30, 2021
Insurance [Abstract]
F&G Insurance Subsidiary Financial Information and Regulatory Matters	Summary of Reserve for Title Claim Losses A summary of the reserve for title claim losses follows: Nine months ended September 30, 2021 2020 (Dollars in millions) Beginning balance $ 1,623 $ 1,509 Change in insurance recoverable (10) (1) Claim loss provision related to: Current year 278 196 Prior years — — Total title claim loss provision 278 196 Claims paid, net of recoupments related to: Current year (6) (4) Prior years (151) (145) Total title claims paid, net of recoupments (157) (149) Ending balance of claim loss reserve for title insurance $ 1,734 $ 1,555 Provision for title insurance claim losses as a percentage of title insurance premiums 4.5 % 4.5 % Several lawsuits have been filed by various parties against Chicago Title Company and Chicago Title Insurance Company as its alter ego (collectively, the “Named Companies”), among others. Generally, plaintiffs claim they are investors who were solicited by Gina Champion-Cain to provide funds that purportedly were to be used for high-interest, short-term loans to parties seeking to acquire California alcoholic beverage licenses. Plaintiffs contend that under California state law, alcoholic beverage license applicants are required to escrow an amount equal to the license purchase price while their applications remain pending with the State. Plaintiffs further alleged that employees of Chicago Title Company participated with Ms. Champion-Cain and her entities in a fraud scheme involving an escrow account maintained by Chicago Title Company into which the plaintiffs’ funds were deposited. The following lawsuits are pending in the Superior Court of San Diego County for the State of California. While they have not been consolidated into one action, they have been deemed by the court to be related and are assigned to the same judge for purposes of judicial economy. On December 13, 2019, a lawsuit styled, Kim Funding, LLC, Kim H. Peterson, Joseph J. Cohen, and ABC Funding Strategies, LLC v. Chicago Title Co., Chicago Title Ins. Co., Thomas Schwiebert, Adelle Ducharme, and Betty Elixman , was filed in San Diego County Superior Court. Plaintiffs claim losses of more than $250 million as a result of the alleged fraud scheme, and also seek statutory, treble, and punitive damages. The Named Companies have filed a cross-complaint against Ms. Champion-Cain, among others. A demurrer to the Named Companies’ cross-complaint has been filed and is set for hearing on November 19, 2021. On March 6, 2020, a lawsuit styled, Wakefield Capital, LLC, Wakefield Investments, LLC, 2Budz Holding, LLC, Doug and Kristine Heidrich, and Jeff and Heidi Orr v. Chicago Title Co. and Chicago Title Ins. Co. , was filed in San Diego County Superior Court. Plaintiffs claim losses in excess of $7 million as a result of the alleged fraud scheme, and also seek punitive damages, recovery of attorneys’ fees, and disgorgement. On June 29, 2020, a lawsuit styled, Susan Heller Fenley Separate Property Trust, DTD 03/04/2010, Susan Heller Fenley Inherited Roth IRA, Shelley Lynn Tarditi Trust and ROJ, LLC v. Chicago Title Co., Chicago Title Ins. Co., Thomas Schwiebert, Adelle Ducharme, and Betty Elixman , was filed in San Diego County Superior Court. Plaintiffs claim losses in excess of $6 million as a result of the alleged fraud scheme, and also seek statutory, treble, and punitive damages. The Named Companies have filed a cross-complaint against Ms. Champion-Cain, among others. A demurrer to the Named Companies’ cross-complaint has been filed and is set for hearing on November 19, 2021. On June 29, 2020, a lawsuit styled, Yuan Yu and Polly Yu v. Chicago Title Co., Chicago Title Ins. Co., Thomas Schwiebert, Adelle Ducharme, and Betty Elixman , was filed in San Diego County Superior Court. Plaintiffs claim losses in excess of $1 million as a result of the alleged fraud scheme, and also seek statutory, treble, and punitive damages. The Named Companies have filed a cross-complaint against Ms. Champion-Cain, among others. A demurrer to the Named Companies’ cross-complaint has been filed and is set for hearing on November 19, 2021. On July 7, 2020, a cross-claim styled, Laurie Peterson v. Chicago Title Co., Chicago Title Ins. Co., Thomas Schwiebert, Adelle Ducharme, and Betty Elixman , was filed in an existing lawsuit styled, Banc of California, National Association v. Laurie Peterson , which is pending in San Diego County Superior Court. Cross-complaint plaintiff was sued by a bank to recover in excess of $35 million that she allegedly guaranteed to repay for certain investments made by the Banc of California in the alcoholic beverage license scheme. Cross-complaint plaintiff has, in turn, sued the Named Companies in that action seeking in excess of $250 million in monetary losses as well as exemplary damages and attorneys’ fees. The Named Companies have filed a cross-complaint against Ms. Champion-Cain, among others. A demurrer to the Named Companies’ cross-complaint has been filed and is set for hearing on November 19, 2021. On September 3, 2020, a cross-claim styled, Kim H. Peterson Trustee of the Peterson Family Trust dated April 14 1992 v. Chicago Title Co., Chicago Title Ins. Co., Thomas Schwiebert, Adelle Ducharme, and Betty Elixman , was filed in an existing lawsuit styled, CalPrivate Bank v. Kim H. Peterson Trustee of the Peterson Family Trust dated April 14 1992 , which is pending in Superior Court of San Diego County for the State of California. Cross-complaint plaintiff was sued by a bank to recover in excess of $12 million that the trustee allegedly guaranteed to repay for certain investments made by CalPrivate Bank in the alcoholic beverage license scheme. Cross-complaint plaintiff has, in turn, sued the Named Companies in that action seeking in excess of $250 million in monetary losses as well as exemplary damages and attorneys’ fees. On October 1, 2020, a lawsuit styled, Ovation Fin. Holdings 2 LLC, Ovation Fund Mgmt. II, LLC, Banc of California, N.A. v. Chicago Title Ins. Co. , was filed in San Diego County Superior Court. Plaintiffs claim losses of more than $75 million, as well as consequential and punitive damages. The Named Companies have filed a cross-complaint against Ms. Champion-Cain, among others. A demurrer to the Named Companies’ cross-complaint has been filed and is set for hearing on November 19, 2021. On November 2, 2020, a lawsuit styled, CalPrivate Bank v. Chicago Title Co. and Chicago Title Ins. Co., was also filed in the Superior Court of San Diego County for the State of California. Plaintiff claims losses in excess of $12 million based upon business loan advances made in the alcoholic beverage license scheme, and also seeks punitive damages and the recovery of attorneys’ fees. The Named Companies have filed a cross-complaint against Ms. Champion-Cain, among others. A demurrer to the Named Companies’ cross-complaint has been filed and is set for hearing on November 19, 2021. On February 24, 2021, a putative class action lawsuit styled, Blake E. Allred and Melissa M. Allred v. Chicago Title Co., Chicago Title Ins. Co. , was filed in the Superior Court of San Diego County for the State of California. Plaintiffs are seeking compensatory, statutory, treble, and punitive damages. In addition, Chicago Title Company has resolved claims from both individual and groups of alleged investors under confidential terms during pre-suit mediations. As of September 30, 2021, the Company has recorded an incurred claim loss reserve for legal fees which is included in its consolidated reserve for title claim losses. The Company has also recorded an insurance recoverable for amounts it expects to recover from its insurance carriers relating to these matters. In connection with the alcoholic beverage license scheme, the Securities and Exchange Commission (“SEC”) filed a lawsuit in the United States District Court for the Southern District of California against Ms. Champion-Cain and certain of her affiliated entities asserting claims for securities fraud. A receiver was appointed to preserve the assets of those named defendants, pay defendants’ debts and operate defendants’ businesses. The federal court in the SEC litigation has scheduled a comprehensive mediation to take place in January 2022 among the receiver and various non-parties, including Chicago Title Company and remaining investors/lenders who were allegedly defrauded and have some interest in the SEC litigation or in the related state court litigation set forth above. At this time, the Company is unable to ascertain its liability, if any, and is unable to make an estimate of a reasonably possible claim loss for any of the unresolved claims due to the complex nature of the claims and litigation, the early procedural status of each claim (involving unresolved questions of fact without any rulings on the merits or determinations of liability), the extent of discovery not yet conducted, potential insurance coverage, and an incomplete evaluation of possible defenses, counterclaims, crossclaims or third-party claims that may exist. Moreover, it is likely that in some instances, the claims listed above are duplicative. As further information becomes available, the Company will continue to evaluate the adequacy of its consolidated reserve for title claim losses. As of September 30, 2021, the Company believes that its reserves are adequate to cover losses related to this matter and other claims. We continually upda te loss reserve estimates as new information becomes known, new loss patterns emerge or as other contributing factors are considered and incorporated into the analysis of reserve for claim losses. Estimating future title loss payments is difficult because of the complex nature of title claims, the long periods of time over which claims are paid, significantly varying dollar amounts of individual claims and other factors. Due to the uncertainty inherent in the process and to the judgment used by management, the ultimate liability may be greater or less than our current reserves. If actual claims loss development varies from what is currently expected and is not offset by other factors, it is possible that additional reserve adjustments may be required in future periods in order to maintain our recorded reserve within a reasonable range of our actuary's central estimate. Our U.S. insurance subsidiaries, FGL Insurance, FGL NY Insurance, and Raven Re, file financial statements with state insurance regulatory authorities and the National Association of Insurance Commissioners (“NAIC”) that are prepared in accordance with Statutory Accounting Principles (“SAP”) prescribed or permitted by such authorities, which may vary materially from GAAP. Prescribed SAP includes the Accounting Practices and Procedures Manual of the NAIC as well as state laws, regulations and administrative rules. Permitted SAP encompasses all accounting practices not so prescribed. The principal differences between SAP financial statements and financial statements prepared in accordance with GAAP are that SAP financial statements do not reflect DAC, DSI and VOBA, some bond portfolios may be carried at amortized cost, assets and liabilities are presented net of reinsurance, contractholder liabilities are generally valued using more conservative assumptions and certain assets are non-admitted. Accordingly, SAP operating results and SAP capital and surplus may differ substantially from amounts reported in the GAAP basis financial statements for comparable items. F&G Cayman Re Ltd., Freestone Re Ltd. (Cayman) and F&G Life Re Ltd (Bermuda) file financial statements with their respective regulators that are based on U.S. GAAP. FGL Insurance applies Iowa-prescribed accounting practices that permit Iowa-domiciled insurers to report equity call options used to economically hedge FIA index credits at amortized cost for statutory accounting purposes and to calculate FIA statutory reserves such that index credit returns will be included in the reserve only after crediting to the annuity contract. This resulted in a $39 million and $144 million decrease to statutory capital and surplus at September 30, 2021 and December 31, 2020, respectively. FGL Insurance’s statutory carrying value of Raven Reinsurance Company ("Raven Re") reflects the effect of permitted practices Raven Re received to treat the available amount of a letter of credit as an admitted asset which increased Raven Re’s statutory capital and surplus by $85 million at September 30, 2021 and December 31, 2020. Raven Re is also permitted to follow Iowa prescribed statutory accounting practice for its reserves on reinsurance assumed from FGL Insurance which increased (decreased) Raven Re’s statutory capital and surplus by $(1) million at September 30, 2021 and by $5 million at December 31, 2020. Without such permitted statutory accounting practices, Raven Re’s statutory capital and surplus (deficit) would be $30 million as of September 30, 2021 and $(6) million as of December 31, 2020, and its risk-based capital would fall below the minimum regulatory requirements. The letter of credit facility is collateralized by NAIC 1 rated debt securities. If the permitted practice was revoked, the letter of credit could be replaced by the collateral assets with Nomura’s consent. FGL Insurance’s statutory carrying value of Raven Re was $114 million and $84 million at September 30, 2021 and December 31, 2020, respectively. As of September 30, 2021, FGL NY Insurance did not follow any prescribed or permitted statutory accounting practices that differ from the NAIC's statutory accounting practices.

Acquisitions

Acquisitions	9 Months Ended
Acquisitions	Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions F&G On June 1, 2020, we acquired 100% of the outstanding equity of F&G for approximately $2.7 billion. The purchase price is as follows (in millions): Cash paid for outstanding F&G shares $ 1,903 Less: Cash Acquired 827 Net cash paid for F&G 1,076 Value of FNF share consideration 806 Value of outstanding converted equity awards attributed to services already rendered 28 Total net consideration paid $ 1,910 The acquisition was accounted for as a business combination under FASB Accounting Standards Codification Topic 805, Business Combinations ("Topic 805").The purchase price has been allocated to F&G's assets acquired and liabilities assumed based on our estimates of their fair values as of June 1, 2020. Goodwill has been recorded based on the amount that the purchase price exceeds the fair value of the net assets acquired. Goodwill consists primarily of intangible assets that do not qualify for separate recognition. The goodwill recorded is not expected to be deductible for tax purposes, except for $16 million related to a prior F&G transaction. The final purchase price allocation is as follows (dollars in millions): Fair Value Fixed maturity securities $ 22,389 Preferred securities 876 Equity securities 52 Derivative instruments 313 Mortgage loans 1,755 Investments in unconsolidated affiliates 1,049 Other long-term investments 430 Short-term investments 37 Trade and notes receivable 1 Reinsurance recoverable 2,998 Goodwill 1,756 Prepaid expenses and other assets 379 Lease assets 8 Other intangible assets 2,107 Deferred tax asset 269 Assets of discontinued operations 2,392 Total assets acquired 36,811 Contractholder funds 26,451 Future policy benefits 3,871 Accounts payable and accrued liabilities 897 Notes payable 589 Funds withheld for reinsurance liabilities 816 Lease liabilities 9 Liabilities of discontinued operations 2,268 Total liabilities assumed 34,901 Net assets acquired $ 1,910 The gross carrying value and weighted average estimated useful lives of Other intangible assets acquired in the F&G acquisition consist of the following (dollars in millions): Gross Carrying Value Weighted Average Other intangible assets: Value of business acquired $ 1,908 Various Value of distribution network acquired 140 15 Trademarks and licenses 38 10 Software 21 2 Total Other intangible assets 2,107

Notes Payable

Notes Payable	9 Months Ended
Notes Payable	Sep. 30, 2021
Debt Disclosure [Abstract]
Notes Payable	Notes Payable Notes payable consists of the following: September 30, 2021 December 31, 2020 (In millions) 4.50% Notes, net of discount $ 444 $ 443 5.50% Notes, net of discount 399 399 3.40% Notes, net of discount 643 643 2.45% Notes, net of discount 593 592 3.20% Notes, net of discount 443 — Revolving Credit Facility (4) (4) 5.50% F&G Notes 579 589 $ 3,097 $ 2,662 On September 17, 2021, we completed our underwritten public offering of $450 million aggregate principal amount of our 3.20% Notes, pursuant to our registration statement on Form S-3 ASR (File No. 333-239002) and the related prospectus supplement. The net proceeds from the registered offering of the 3.20% Notes were approximately $443 million, after deducting underwriting discounts, commissions and offering expenses. We plan to use the net proceeds from the offering for general corporate purposes. On October 29, 2020, we entered into the Fifth Restated Credit Agreement for our Amended Revolving Credit Facility with Bank of America, N.A., as administrative agent and the other agents party thereto. Among other changes, the Fifth Restated Credit Agreement amends the Fourth Restated Credit Agreement to extend the maturity date from April 27, 2022 to October 29, 2025. The material terms of the Fourth Restated Credit Agreement are set forth in our Annual Report for the year ended December 31, 2019. As of September 30, 2021, there was no principal outstanding, $2 million of unamortized debt issuance costs, and $800 million of available borrowing capacity under the Revolving Credit Facility. On September 15, 2020, we completed our underwritten public offering of $600 million aggregate principal amount of our 2.45% Notes due March 15, 2031 (the "2.45% Notes") pursuant to an effective registration statement filed with the SEC. The net proceeds from the registered offering of the 2.45% Notes were approximately $593 million, after deducting underwriting discounts and commissions and offering expenses. We used the net proceeds from the offering (i) to repay all our $260 million outstanding indebtedness under the Term Loan, and (ii) for general corporate purposes. On June 12, 2020, we completed our underwritten public offering of $650 million aggregate principal amount of the 3.40% Notes due June 15, 2030 (the “3.40% Notes”) pursuant to an effective registration statement filed with the SEC. The net proceeds from the registered offering of the 3.40% Notes were approximately $642 million, after deducting underwriting discounts, and commissions and offering expenses. We used the net proceeds from the offering (i) to repay $640 million of the outstanding principal amount under the Term Loan, and (ii) for general corporate purposes. On June 1, 2020, as a result of the F&G acquisition, we assumed $550 million aggregate principal amount of 5.50% senior notes due 2025 (the "5.50% F&G Notes"), originally issued on April 20, 2018 at 99.5% of face value for proceeds of $547 million. On August 13, 2018, we completed an offering of $450 million in aggregate principal amount of 4.50% notes due August 2028 (the "4.50% Notes"), pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. The 4.50% Notes were priced at 99.252% of par to yield 4.594% annual interest. We pay interest on the 4.50% Notes semi-annually on the 15th of February and August, beginning February 15, 2019. The 4.50% Notes contain customary covenants and events of default for investment grade public debt, which primarily relate to failure to make principal or interest payments. On May 16, 2019, we completed an offering to exchange the 4.50% Notes for substantially identical notes registered pursuant to Rule 424 under the Securities Act of 1933 (the "4.50% Notes Exchange"). There were no material changes to the terms of the 4.50% Notes as a result of the 4.50% Notes Exchange and all holders of the 4.50% Notes accepted the offer to exchange. On August 28, 2012, we completed an offering of $400 million in aggregate principal amount of 5.50% notes due September 2022 (the "5.50% Notes"), pursuant to an effective registration statement previously filed with the SEC. The material terms of the 5.50% Notes are set forth in our Annual Report for the year ended December 31, 2019. Gross principal maturities of notes payable at September 30, 2021 are as follows (in millions): 2021 (remaining) $ — 2022 400 2023 — 2024 — 2025 550 Thereafter 2,150 $ 3,100

Basis of Financial Statements (

Basis of Financial Statements (Policies)	9 Months Ended
Basis of Financial Statements (Policies)	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Financial Statements	The financial information in this report presented for interim periods is unaudited and includes the accounts of Fidelity National Financial, Inc. and its subsidiaries (collectively, “we,” “us,” “our,” the "Company" or “FNF”) prepared in accordance with U.S. generally accepted accounting principles ("GAAP") and the instructions to Form 10-Q and Article 10 of Regulation S-X. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All adjustments made were of a normal, recurring nature. This report should be read in conjunction with our Annual Report on Form 10-K (our "Annual Report") for the year ended December 31, 2020.
Earnings Per Share	Earnings Per Share Basic earnings per share, as presented on the Condensed Consolidated Statement of Earnings, is computed by dividing net earnings available to common shareholders in a given period by the weighted average number of common shares outstanding during such period. In periods when earnings are positive, diluted earnings per share is calculated by dividing net earnings available to common shareholders by the weighted average number of common shares outstanding plus the impact of assumed conversions of potentially dilutive securities. For periods when we recognize a net loss, diluted earnings per share is equal to basic earnings per share as the impact of assumed conversions of potentially dilutive securities is considered to be antidilutive. We have granted certain stock options, shares of restricted stock and certain other convertible share based payments, which have been treated as common share equivalents for purposes of calculating diluted earnings per share for periods in which positive earnings have been reported.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Adopted Pronouncements In December 2019, the FASB issued ASU 2019-12 Income Taxes - Simplifying the Accounting for Income Taxes (Topic 740), which simplifies various aspects of the income tax accounting guidance and will be applied using different approaches depending on what the specific amendment relates to and, for public entities, are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. We adopted this standard as of January 1, 2021, and it had no impact on our unaudited Condensed Consolidated Financial Statements upon adoption. In October 2020, the FASB issued ASU 2020-08, Codification Improvements to Subtopic 310-20, Receivables - Nonrefundable Fees and Other Costs. The amendments in this update clarify that callable debt securities should be re-evaluated each reporting period to determine if the amortized cost exceeds the amount repayable by the issuer at the next earliest call date, and, if so, the excess should be amortized to the next call date. We adopted this standard as of January 1, 2021 and are applying this guidance on a prospective basis. This pronouncement had no impact on our unaudited Condensed Consolidated Financial Statements upon adoption. Pronouncements Not Yet Adopted In August 2018, the FASB issued ASU 2018-12, Financial Services-Insurance (Topic 944), Targeted Improvements to the Accounting for Long-Duration Contracts, effective for fiscal years beginning after December 15, 2022 including interim periods within those fiscal years. This update introduced the following requirements: assumptions used to measure cash flows for traditional and limited-payment contracts must be reviewed at least annually with the effect of changes in those assumptions being recognized in the statement of operations; the discount rate applied to measure the liability for future policy benefits and limited-payment contracts must be updated at each reporting date with the effect of changes in the rate being recognized in other comprehensive income; market risk benefits associated with deposit contracts must be measured at fair value, with the effect of the change in the fair value attributable to a change in the instrument-specific credit risk being recognized in other comprehensive income; deferred acquisition costs are no longer required to be amortized in proportion to premiums, gross profits, or gross margins; instead, those balances must be amortized on a constant level basis over the expected term of the related contracts; deferred acquisition costs must be written off for unexpected contract terminations; and disaggregated rollforwards of beginning to ending balances of the liability for future policy benefits, policyholder account balances, market risk benefits, separate account liabilities and deferred acquisition costs, as well as information about significant inputs, judgments, assumptions, and methods used in measurement are required to be disclosed. The amendments in this ASU may be early adopted as of the beginning of an annual reporting period for which financial statements have not yet been issued, including interim financial statements. We do not expect to early adopt this standard. We have identified specific areas that will be impacted by the new guidance and are in the process of assessing the accounting, reporting and/or process changes that will be required to comply as well as the impact of the new guidance on our consolidated financial statements.
Revenue Recognition	Our Direct title insurance premiums are recognized as revenue at the time of closing of the underlying transaction as the earnings process is then considered complete. Regulation of title insurance rates varies by state. Premiums are charged to customers based on rates predetermined in coordination with each states' respective Department of Insurance. Cash associated with such revenue is typically collected at closing of the underlying real estate transaction. Premium revenues from agency title operations are recognized when the underlying title order and transaction closing, if applicable, are complete.Revenues from our home warranty business are generated from contracts with customers to provide warranty for major home appliances. Substantially all of our home warranty contracts are one year in length and revenue is recognized ratably over the term of the contract.
Revenue Recognition, Other	Interest and investment income consists primarily of interest recognized on fixed maturity security holdings, limited partnership returns and dividends recognized on equity and preferred security holdings, net of investment expense. We do not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, primarily related to revenue from our home warranty business, and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed.
Revenue Recognition, Services, Real Estate Transactions	Escrow fees and Other title-related fees and income in our Title segment are closely related to Direct title insurance premiums and are primarily associated with managing the closing of real estate transactions, including the processing of funds on behalf of the transaction participants, gathering and recording the required closing documents, providing notary and home inspection services, and other real estate or title-related activities. Revenue is primarily recognized upon closing of the underlying real estate transaction or completion of services. Cash associated with such revenue is typically collected at closing. Revenues from ServiceLink, excluding its title premiums, escrow fees and loan subservicing fees primarily include revenues from real estate appraisal services and foreclosure processing and facilitation services. Revenues from real estate appraisal services are recognized when all appraisal work is complete, a final report is issued to the client and the client is billed. Revenues from foreclosure processing and facilitation services are primarily recognized upon completion of the services and when billing to the client is complete. Life insurance premiums in our F&G segment reflect premiums for traditional life insurance products, life-contingent immediate annuity products and life-contingent PRT products which are recognized as revenue when due from the policyholder. Insurance and investment product fees and other consist primarily of the cost of insurance fees on IUL policies, UREV on IUL policies, policy rider fees primarily on FIA policies and surrender charges assessed against policy withdrawals in excess of the policyholder's allowable penalty-free amounts. Real estate technology revenues are primarily comprised of subscription fees for use of software provided to real estate professionals. Subscriptions are only offered on a month-by-month basis and fees are billed monthly. Revenue is recognized in the month services are provided. Real estate brokerage revenues are primarily comprised of commission revenues earned in association with the facilitation of real estate transactions and are recognized upon closing of the sale of the underlying real estate transaction. Loan subservicing revenues are generated by certain subsidiaries of ServiceLink and are associated with the servicing of mortgage loans on behalf of its customers. Revenue is recognized when the underlying work is performed and billed. Loan subservicing revenues are subject to the recognition requirements of ASC Topic 860.
Use of Estimates, Policy	The preparation of these unaudited condensed consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.Periodically, and at least annually, typically in the third quarter, we review the assumptions associated with reserves for policy benefits, product guarantees, and amortization of intangibles. Additionally, during the three-months ended September 30, 2021, we implemented a new actuarial valuation system. As a result, our third quarter 2021 assumption updates include model refinements and assumption updates resulting from the implementation. The system implementation and assumption review process that occurred in the three-months ended September 30, 2021, included refinements in the calculation of the fair value of the embedded derivative component of our fixed index annuities within contractholder funds and updates to the surrender rates, guaranteed minimum withdrawal benefit (“GMWB”) utilization, IUL premium persistency, maintenance expenses, and earned rate assumptions to reflect our current and expected future experience.

Summary of Reserve for Title _2

Summary of Reserve for Title Claim Losses (Tables)	9 Months Ended
Summary of Reserve for Title Claim Losses (Tables)	Sep. 30, 2021
Insurance [Abstract]
Summary of the Reserve for Claim Losses	A summary of the reserve for title claim losses follows: Nine months ended September 30, 2021 2020 (Dollars in millions) Beginning balance $ 1,623 $ 1,509 Change in insurance recoverable (10) (1) Claim loss provision related to: Current year 278 196 Prior years — — Total title claim loss provision 278 196 Claims paid, net of recoupments related to: Current year (6) (4) Prior years (151) (145) Total title claims paid, net of recoupments (157) (149) Ending balance of claim loss reserve for title insurance $ 1,734 $ 1,555 Provision for title insurance claim losses as a percentage of title insurance premiums 4.5 % 4.5 %

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
Fair Value of Financial Instruments (Tables)	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Assets and Liabilities Carrying at Fair Value on Recurring Basis	The carrying amounts and estimated fair values of our financial instruments for which the disclosure of fair values is required, including financial assets and liabilities measured and carried at fair value on a recurring basis, with the exception of investment contracts, portions of other long-term investments and debt which are disclosed later within this footnote, was summarized according to the hierarchy previously described, as follows (in millions): September 30, 2021 Level 1 Level 2 Level 3 Fair Value Carrying Amount Assets Cash and cash equivalents $ 5,148 $ — $ — $ 5,148 $ 5,148 Fixed maturity securities, available-for-sale: Asset-backed securities — 4,947 3,244 8,191 8,191 Commercial mortgage-backed securities — 2,988 36 3,024 3,024 Corporates 37 14,027 1,113 15,177 15,177 Hybrids 132 791 — 923 923 Municipals — 1,325 43 1,368 1,368 Residential mortgage-backed securities — 347 394 741 741 U.S. Government 805 — — 805 805 Foreign Governments — 188 18 206 206 Equity securities 1,349 — 9 1,358 1,358 Preferred securities 448 751 3 1,202 1,202 Derivative investments — 581 — 581 581 Short term investments 333 2 192 527 527 Other long-term investments — — 51 51 51 Total financial assets at fair value $ 8,252 $ 25,947 $ 5,103 $ 39,302 $ 39,302 Liabilities Derivatives: FIA embedded derivatives, included in contractholder funds — — 3,439 3,439 3,439 Reinsurance related embedded derivatives, included in accounts payable and accrued liabilities — 84 — 84 84 Total financial liabilities at fair value $ — $ 84 $ 3,439 $ 3,523 $ 3,523 December 31, 2020 Level 1 Level 2 Level 3 Fair Value Carrying Amount Assets Cash and cash equivalents $ 2,719 $ — $ — $ 2,719 $ 2,719 Fixed maturity securities, available-for-sale: Asset-backed securities — 4,916 1,350 6,266 6,266 Commercial mortgage-backed securities — 2,803 26 2,829 2,829 Corporates 25 13,421 1,289 14,735 14,735 Hybrids 175 815 4 994 994 Municipals — 1,360 43 1,403 1,403 Residential mortgage-backed securities — 342 483 825 825 U.S. Government 342 — — 342 342 Foreign Governments — 176 17 193 193 Equity securities 791 — 5 796 796 Preferred securities 490 851 — 1,341 1,341 Subscription agreements (1) — 199 — 199 199 Derivative investments — 548 — 548 548 Short term investments 769 — — 769 769 Other long-term investments — — 50 50 50 Total financial assets at fair value $ 5,311 $ 25,431 $ 3,267 $ 34,009 $ 34,009 Liabilities Fair value of future policy benefits — — 5 5 5 Derivatives: FIA embedded derivatives, included in contractholder funds — — 3,404 3,404 3,404 Reinsurance related embedded derivatives, included in accounts payable and accrued liabilities — 101 — 101 101 Total financial liabilities at fair value $ — $ 101 $ 3,409 $ 3,510 $ 3,510 (1) Included within equity securities in the accompanying Condensed Consolidated Balance Sheets as of December 31, 2020. The following tables provide the carrying value and estimated fair value of our financial instruments that are carried on the unaudited Condensed Consolidated Balance Sheets at amounts other than fair value, summarized according to the fair value hierarchy previously described. September 30, 2021 (in millions) Level 1 Level 2 Level 3 Total Estimated Fair Value Carrying Amount Assets FHLB common stock $ — $ 72 $ — $ 72 $ 72 Commercial mortgage loans — — 2,011 2,011 1,984 Residential mortgage loans — — 1,473 1,473 1,500 Policy loans — — 37 37 37 Other invested assets — — 5 5 5 Company-owned life insurance — — 327 327 327 Trade and notes receivables, net of allowance — — 523 523 523 Total $ — $ 72 $ 4,376 $ 4,448 $ 4,448 Liabilities Investment contracts, included in contractholder funds $ — $ — $ 26,953 $ 26,953 $ 30,425 Debt — 3,247 — 3,247 3,097 Total $ — $ 3,247 $ 26,953 $ 30,200 $ 33,522 December 31, 2020 (in millions) Level 1 Level 2 Level 3 Total Estimated Fair Value Carrying Amount Assets FHLB common stock $ — $ 66 $ — $ 66 $ 66 Commercial mortgage loans — — 926 926 903 Residential mortgage loans — — 1,123 1,123 1,128 Policy loans — — 33 33 33 Other invested assets — — 28 28 28 Company-owned life insurance — — 305 305 305 Trade and notes receivables, net of allowance — — 437 437 437 Total $ — $ 66 $ 2,852 $ 2,918 $ 2,900 Liabilities Investment contracts, included in contractholder funds $ — $ — $ 21,719 $ 21,719 $ 25,199 Debt — 2,896 — 2,896 2,662 Total $ — $ 2,896 $ 21,719 $ 24,615 $ 27,861
Schedule of Unobservable Inputs Used for Level Three Fair Value Measurements of Financial Instruments on Recurring Basis	Quantitative information regarding significant unobservable inputs used for recurring Level 3 fair value measurements of financial instruments carried at fair value as of September 30, 2021 and December 31, 2020 are as follows: Fair Value at Valuation Technique Unobservable Input(s) Range (Weighted average) September 30, 2021 (in millions) September 30, 2021 Assets Asset-backed securities $ 3,105 Broker-quoted Offered quotes 53.66% - 145.43% (97.03%) Asset-backed securities 139 Third-Party Valuation Offered quotes 95.55% - 107.08% (103.58%) Commercial mortgage-backed securities 36 Broker-quoted Offered quotes 101.04% - 127.33% (117.40%) Corporates 344 Broker-quoted Offered quotes 93.33% - 113.92% (103.68%) Corporates 13 Discounted Cash Flow Discount Rate 44.00% - 100.00% (78.00%) Corporates 756 Third-Party Valuation Offered quotes 86.58% - 121.41% (108.34%) Municipals 43 Third-Party Valuation Offered quotes 134.75% - 134.75% (134.75%) Residential mortgage-backed securities 394 Broker-quoted Offered quotes 0.00% - 115.44% (115.44%) Foreign governments 18 Third-Party Valuation Offered quotes 108.78% - 116.83% (111.29%) Short-term 192 Broker-quoted Offered quotes 100.00% - 100.00% (100.00%) Preferred securities 3 Income-Approach Yield 2.49% Equity securities 2 Black Scholes model Risk Free Rate 0.50% - 0.50% (0.50%) Strike Price $1.50 - $1.50 ($1.50) Volatility 150.00% - 150.00% (150.00%) Dividend Yield 0.00% - 0.00% (0.00%) Equity securities 3 Broker Quoted Offered quotes 44.00% - 100.00% (78.00%) Equity securities 4 Discounted Cash Flow Discount rate 13.37% - 13.37% (13.37%) Market Comparable Company Analysis EBITDA multiple 6.6x - 6.6x (6.6x) Other long-term assets: Available-for-sale embedded derivative 31 Third-Party Valuation Market value of fund 100.00% Credit Linked Note 20 Broker-quoted Offered quotes 100.00% Total financial assets at fair value $ 5,103 Liabilities Derivatives: FIA embedded derivatives, included in contractholder funds $ 3,439 Discounted cash flow Market value of option 0.00% - 28.41% (2.48%) Swap rates 0.01% - 2.41% (1.21%) Mortality multiplier 100.00% - 100.00% (100.00%) Surrender rates 0.25% - 70.00% (6.19%) Partial withdrawals 2.00% - 21.74% (2.72%) Non-performance spread 0.30% - 0.93% (0.62%) Option cost 0.00% - 4.97% (1.81%) Total financial liabilities at fair value $ 3,439 Fair Value at Valuation Technique Unobservable Input(s) Range (Weighted average) December 31, 2020 (in millions) December 31, 2020 Assets Asset-backed securities $ 1,175 Broker-quoted Offered quotes 85% - 126.15% (103.96%) Asset-backed securities 175 Third-Party Valuation Offered quotes 0.00% - 107.25% (79.87%) Commercial mortgage-backed securities 26 Broker-quoted Offered quotes 131.59% - 131.59% (131.59%) Corporates 388 Broker-quoted Offered quotes 75.20% - 114.68% ( 103.36%) Corporates 901 Third-Party Valuation Offered quotes 88.42% - 125.83% (109.47%) Hybrids 4 Third-Party Valuation Offered quotes 112.06% - 112.06% ( 112.06%) Municipals 43 Third-Party Valuation Offered quotes 133.53% - 133.53% (133.53%) Residential mortgage-backed securities 483 Broker-quoted Offered quotes 112.58% - 112.58% (112.58%) Foreign governments 17 Third-Party Valuation Offered quotes 107.87% - 113.80% (109.72%) Equity securities 1 Income-Approach Yield 2.61% Equity securities 1 Black Scholes model Risk Free Rate 0.29% - 0.29% (0.29%) Strike Price $1.50 - $1.50 ($1.50) Volatility 1.00% - 1.00% (1.00%) Dividend Yield 0.00% - 0.00% (0.00%) Equity securities 3 Discounted Cash Flow Discount rate 10.60% - 10.60% (10.60%) Market Comparable Company Analysis EBITDA multiple 6.6x - 6.6x (6.6x) Other long-term assets: Available-for-sale embedded derivative 27 Third-Party Valuation Market value of fund 100.00% Credit Linked Note 23 Broker-quoted Offered quotes 100.00% Total financial assets at fair value $ 3,267 Liabilities Future policy benefits $ 5 Discounted cash flow Non-performance spread 0.00% Risk margin to reflect uncertainty 0.50% Derivatives: FIA embedded derivatives, included in contractholder funds 3,404 Discounted cash flow Market value of option 0.00% - 67.65% (2.25%) Treasury rates 0.08% - 1.65% (0.87%) Mortality multiplier 100.00% - 100.00% (100.00%) Surrender rates 0.25% - 55.00% (5.24%) Partial withdrawals 2.00% - 3.50% (2.58%) Non-performance spread 0.74% - 0.74% (0.74%) Option cost 0.05% - 16.61% (2.25%) Total financial liabilities at fair value $ 3,409
Changes in Fair Value of Financial Instruments - Assets	The following tables summarize changes to the Company’s financial instruments carried at fair value and classified within Level 3 of the fair value hierarchy for the three and nine months ended September 30, 2021 and 2020. This summary excludes any impact of amortization of value of business acquired (“VOBA”), deferred acquisition cost (“DAC”), and deferred sales inducements (“DSI”). 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. Three months ended September 30, 2021 (in millions) Balance at Beginning Total Gains (Losses) Purchases Sales Settlements Net transfer In (Out) of Balance at End of Change in Unrealized Gains (Losses) Incl in OCI Included in Included in Assets Fixed maturity securities available-for-sale: Asset-backed securities $ 2,309 $ (1) $ 14 $ 1,188 $ (97) $ (125) $ (44) $ 3,244 $ 11 Commercial mortgage-backed securities 25 — (1) 12 — — — 36 — Corporates 1,201 (1) (3) 19 (14) (89) — 1,113 (2) Municipals 43 — — — — — — 43 — Residential mortgage-backed securities 443 — (3) 4 — (50) — 394 1 Foreign Governments 17 — 1 — — — — 18 — Short-Term 303 — 1 192 — (304) — 192 1 Equity and preferred securities 10 (1) 1 2 — — — 12 — Other long-term assets: Available-for-sale embedded derivative 30 1 — — — — — 31 — Credit linked note 19 — 1 — — — — 20 — Total assets at Level 3 fair value $ 4,400 $ (2) $ 11 $ 1,417 $ (111) $ (568) $ (44) $ 5,103 $ 11 Liabilities FIA embedded derivatives, included in contractholder funds 3,759 (320) — — — — — 3,439 — Total liabilities at Level 3 fair value $ 3,759 $ (320) $ — $ — $ — $ — $ — $ 3,439 $ — (a) The net transfers out of Level 3 during the three months ended September 30, 2021 were exclusively to Level 2. Three months ended September 30, 2020 (in millions) Balance at Beginning Total Gains (Losses) Purchases Sales Settlements Net transfer In (Out) of Balance at End of Change in Unrealized Gains (Losses) Incl in OCI Included in Included in Assets Fixed maturity securities available-for-sale: Asset-backed securities $ 1,016 $ (1) $ 11 $ 118 $ (1) $ (109) $ (90) $ 944 $ 12 Commercial mortgage-backed securities 26 — — — — — — 26 1 Corporates 1,264 (1) 21 3 — (20) — 1,267 19 Hybrids 4 — — — — — — 4 — Municipals 40 — 2 — — — — 42 2 Residential mortgage-backed securities 509 — 12 5 — (25) — 501 14 Foreign Governments 16 — — — — — — 16 — Equity securities 1 1 — 2 — — — 4 — Other long-term assets: Available-for-sale embedded derivative 21 2 — — — — — 23 — Credit linked note 23 — — — — — — 23 — Total assets at Level 3 fair value $ 2,920 $ 1 $ 46 $ 128 $ (1) $ (154) $ (90) $ 2,850 $ 48 Liabilities Future policy benefits $ 5 $ — $ — $ — $ — $ — $ — $ 5 $ — FIA embedded derivatives, included in contractholder funds 2,952 209 — — — — — 3,161 — Total liabilities at Level 3 fair value $ 2,957 $ 209 $ — $ — $ — $ — $ — $ 3,166 $ —
Changes in Fair Value of Financial Instruments - Liabilities	The following tables summarize changes to the Company’s financial instruments carried at fair value and classified within Level 3 of the fair value hierarchy for the three and nine months ended September 30, 2021 and 2020. This summary excludes any impact of amortization of value of business acquired (“VOBA”), deferred acquisition cost (“DAC”), and deferred sales inducements (“DSI”). 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. Three months ended September 30, 2021 (in millions) Balance at Beginning Total Gains (Losses) Purchases Sales Settlements Net transfer In (Out) of Balance at End of Change in Unrealized Gains (Losses) Incl in OCI Included in Included in Assets Fixed maturity securities available-for-sale: Asset-backed securities $ 2,309 $ (1) $ 14 $ 1,188 $ (97) $ (125) $ (44) $ 3,244 $ 11 Commercial mortgage-backed securities 25 — (1) 12 — — — 36 — Corporates 1,201 (1) (3) 19 (14) (89) — 1,113 (2) Municipals 43 — — — — — — 43 — Residential mortgage-backed securities 443 — (3) 4 — (50) — 394 1 Foreign Governments 17 — 1 — — — — 18 — Short-Term 303 — 1 192 — (304) — 192 1 Equity and preferred securities 10 (1) 1 2 — — — 12 — Other long-term assets: Available-for-sale embedded derivative 30 1 — — — — — 31 — Credit linked note 19 — 1 — — — — 20 — Total assets at Level 3 fair value $ 4,400 $ (2) $ 11 $ 1,417 $ (111) $ (568) $ (44) $ 5,103 $ 11 Liabilities FIA embedded derivatives, included in contractholder funds 3,759 (320) — — — — — 3,439 — Total liabilities at Level 3 fair value $ 3,759 $ (320) $ — $ — $ — $ — $ — $ 3,439 $ — (a) The net transfers out of Level 3 during the three months ended September 30, 2021 were exclusively to Level 2. Three months ended September 30, 2020 (in millions) Balance at Beginning Total Gains (Losses) Purchases Sales Settlements Net transfer In (Out) of Balance at End of Change in Unrealized Gains (Losses) Incl in OCI Included in Included in Assets Fixed maturity securities available-for-sale: Asset-backed securities $ 1,016 $ (1) $ 11 $ 118 $ (1) $ (109) $ (90) $ 944 $ 12 Commercial mortgage-backed securities 26 — — — — — — 26 1 Corporates 1,264 (1) 21 3 — (20) — 1,267 19 Hybrids 4 — — — — — — 4 — Municipals 40 — 2 — — — — 42 2 Residential mortgage-backed securities 509 — 12 5 — (25) — 501 14 Foreign Governments 16 — — — — — — 16 — Equity securities 1 1 — 2 — — — 4 — Other long-term assets: Available-for-sale embedded derivative 21 2 — — — — — 23 — Credit linked note 23 — — — — — — 23 — Total assets at Level 3 fair value $ 2,920 $ 1 $ 46 $ 128 $ (1) $ (154) $ (90) $ 2,850 $ 48 Liabilities Future policy benefits $ 5 $ — $ — $ — $ — $ — $ — $ 5 $ — FIA embedded derivatives, included in contractholder funds 2,952 209 — — — — — 3,161 — Total liabilities at Level 3 fair value $ 2,957 $ 209 $ — $ — $ — $ — $ — $ 3,166 $ —
Schedule of Net Asset Value	The following table includes assets that have not been classified in the fair value hierarchy as the value of these investments are measured using the equity method of accounting or the net asset value ("NAV") per share practical expedient (in millions): Carrying Value After Measurement September 30, 2021 December 31, 2020 Investments in unconsolidated affiliates (equity method of accounting) $ 138 $ 146 Equity securities (NAV) 35 — Investments in unconsolidated affiliates (NAV) 2,022 1,148

Investments (Tables)

Investments (Tables)	9 Months Ended
Investments (Tables)	Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Consolidated Investments	The Company’s consolidated investments at September 30, 2021 and December 31, 2020 are summarized as follows (in millions): September 30, 2021 Amortized Cost Allowance for Expected Credit Losses Gross Unrealized Gains Gross Unrealized Losses Fair Value Carrying Value Available-for-sale securities Asset-backed securities $ 7,916 $ (3) $ 293 $ (15) $ 8,191 $ 8,191 Commercial mortgage-backed securities 2,619 (1) 411 (5) 3,024 3,024 Corporates 14,441 — 887 (151) 15,177 15,177 Hybrids 834 — 89 — 923 923 Municipals 1,306 — 71 (9) 1,368 1,368 Residential mortgage-backed securities 714 (4) 33 (2) 741 741 U.S. Government 808 — 5 (8) 805 805 Foreign Governments 199 — 8 (1) 206 206 Total available-for-sale securities $ 28,837 $ (8) $ 1,797 $ (191) $ 30,435 $ 30,435 December 31, 2020 Amortized Cost Allowance for Expected Credit Losses Gross Unrealized Gains Gross Unrealized Losses Fair Value Carrying Value Available-for-sale securities Asset-backed securities $ 5,941 $ — $ 343 $ (18) $ 6,266 $ 6,266 Commercial mortgage-backed/asset-backed securities 2,490 — 342 (3) 2,829 2,829 Corporates 13,582 (16) 1,184 (15) 14,735 14,735 Hybrids 914 — 80 — 994 994 Municipals 1,333 — 72 (2) 1,403 1,403 Residential mortgage-backed securities 806 (3) 23 (1) 825 825 U.S. Government 332 — 10 — 342 342 Foreign Governments 179 — 14 — 193 193 Total available-for-sale securities $ 25,577 $ (19) $ 2,068 $ (39) $ 27,587 $ 27,587
Investments Classified by Contractual Maturity Date	The amortized cost and fair value of fixed maturity available-for-sale securities by contractual maturities, as applicable, are shown below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. September 30, 2021 (in millions) Amortized Cost Fair Value Corporates, Non-structured Hybrids, Municipal and Government securities: Due in one year or less $ 387 $ 391 Due after one year through five years 2,668 2,758 Due after five years through ten years 2,593 2,683 Due after ten years 11,914 12,616 Subtotal 17,562 18,448 Other securities which provide for periodic payments: Asset-backed securities 7,916 8,190 Commercial mortgage-backed securities 2,619 3,024 Structured hybrids 26 32 Residential mortgage-backed securities 714 741 Subtotal 11,275 11,987 Total fixed maturity available-for-sale securities $ 28,837 $ 30,435
Activity in Allowance for Credit Loses of Available-for-sale Securities Aggregated by Investment Category	The activity in the allowance for expected credit losses of available-for-sale securities aggregated by investment category were as follows for the three and nine-month periods ended September 30, 2021 (in millions): Three Months Ended September 30, 2021 Additions Reductions Balance at Beginning of Period For credit losses on securities for which losses were not previously recorded For initial credit losses on purchased securities accounted for as PCD financial assets (1) (Additions) reductions in allowance recorded on previously impaired securities For securities sold during the period For securities intended/required to be sold prior to recovery of amortized cost basis Write-offs charged against the allowance Recoveries of amounts previously written off Balance at End of Period Available-for-sale securities Asset-backed securities $ (4) $ — $ — $ 1 $ — $ — $ — — $ (3) Commercial mortgage-backed securities (1) — — — — — — — (1) Corporates (5) — — — — — 5 — — Residential mortgage-backed securities (3) — — (1) — — — — (4) Total available-for-sale securities $ (13) $ — $ — $ — $ — $ — $ 5 $ — $ (8) Nine Months Ended September 30, 2021 Additions Reductions Balance at Beginning of Period For credit losses on securities for which losses were not previously recorded For initial credit losses on purchased securities accounted for as PCD financial assets (1) (Additions) reductions in allowance recorded on previously impaired securities For securities sold during the period For securities intended/required to be sold prior to recovery of amortized cost basis Writeoffs charged against the allowance Recoveries of amounts previously written off Balance at End of Period Available-for-sale securities Asset-backed securities $ — $ — $ (1) $ (2) — $ — $ — $ — $ — $ (3) Commercial mortgage-backed securities — (1) — — — — — — — (1) Corporates (16) — — 4 — — — 8 4 — Residential mortgage-backed securities (3) — — (1) — — — — — (4) Total available-for-sale securities $ (19) $ (1) $ (1) $ 1 $ — $ — $ — $ 8 $ 4 $ (8) (1) Purchased credit deteriorated financial assets ("PCD")
Summary of Purchased Credit-Deteriorated Available for Sale Securities	The following table summarizes purchases of PCD AFS securities during the three and nine-month periods ended September 30, 2021 (in millions). Three months ended Nine months ended Purchased credit-deteriorated available-for-sale debt securities September 30, 2021 September 30, 2021 Purchase price $ — $ 4 Allowance for credit losses at acquisition — 1 AFS purchased credit-deteriorated par value $ — $ 5
Fair Value and Gross Unrealized Losses of Available-for-sale Securities	The fair value and gross unrealized losses of AFS securities, excluding securities in an unrealized loss position with an allowance for expected credit loss, aggregated by investment category and duration of fair value below amortized cost as of September 30, 2021 and December 31, 2020 were as follows (dollars in millions): September 30, 2021 Less than 12 months 12 months or longer Total Fair Value Gross Unrealized Fair Value Gross Unrealized Fair Value Gross Unrealized Available-for-sale securities Asset-backed securities $ 1,462 $ (10) $ 121 $ (5) $ 1,583 $ (15) Commercial mortgage-backed securities 258 (4) 3 (2) 261 (6) Corporates 4,190 (130) 219 (20) 4,409 (150) Hybrids 2 — — — 2 — Municipals 234 (7) 53 (2) 287 (9) Residential mortgage-backed securities 55 (1) 11 (1) 66 (2) U.S. Government 567 (8) 2 — 569 (8) Foreign Government 13 (1) — — 13 (1) Total available-for-sale securities $ 6,781 $ (161) $ 409 $ (30) $ 7,190 $ (191) Total number of available-for-sale securities in an unrealized loss position less than twelve months 916 Total number of available-for-sale securities in an unrealized loss position twelve months or longer 53 Total number of available-for-sale securities in an unrealized loss position 969 December 31, 2020 Less than 12 months 12 months or longer Total Fair Value Gross Unrealized Fair Value Gross Unrealized Fair Value Gross Unrealized Available-for-sale securities Asset-backed securities $ 477 $ (18) $ — $ — $ 477 $ (18) Commercial mortgage-backed securities 51 (3) — — 51 (3) Corporates 865 (15) 36 — 901 (15) Hybrids 1 — — — 1 — Municipals 115 (2) — — 115 (2) Residential mortgage-backed securities 30 (1) — — 30 (1) U.S. Government 11 — — — 11 — Total available-for-sale securities $ 1,550 $ (39) $ 36 $ — $ 1,586 $ (39) Total number of available-for-sale securities in an unrealized loss position less than twelve months 222 Total number of available-for-sale securities in an unrealized loss position twelve months or longer 11 Total number of available-for-sale securities in an unrealized loss position 233
Schedule of Distribution of CMLs, Gross Valuation by Property Type and Geographic Region	The distribution of CMLs, gross of valuation allowances, by property type and geographic region is reflected in the following tables (dollars in millions): September 30, 2021 Gross Carrying Value % of Total Property Type: Hotel 19 1 % Industrial - General 486 24 % Industrial - Warehouse 13 1 % Multifamily 791 40 % Office 127 6 % Retail 303 15 % Other 168 9 % Student Housing 83 4 % Total commercial mortgage loans, gross of valuation allowance $ 1,990 100 % Allowance for expected credit loss (6) Total commercial mortgage loans $ 1,984 U.S. Region: East North Central $ 50 3 % East South Central 80 4 % Middle Atlantic 246 11 % Mountain 171 9 % New England 144 7 % Pacific 630 32 % South Atlantic 416 21 % West North Central 12 1 % West South Central 159 8 % Various 82 4 % Total commercial mortgage loans, gross of valuation allowance $ 1,990 100 % Allowance for expected credit loss (6) Total commercial mortgage loans $ 1,984 December 31, 2020 Gross Carrying Value % of Total Property Type: Hotel $ 19 2 % Industrial - General 302 33 % Industrial - Warehouse 12 1 % Multifamily 165 18 % Office 140 15 % Retail 142 17 % Other 125 14 % Total commercial mortgage loans, gross of valuation allowance $ 905 100 % Allowance for expected credit loss (2) Total commercial mortgage loans $ 903 U.S. Region: East North Central $ 61 7 % East South Central 80 9 % Middle Atlantic 100 11 % Mountain 48 5 % New England 79 9 % Pacific 333 37 % South Atlantic 133 15 % West North Central 13 1 % West South Central 58 6 % Total commercial mortgage loans, gross of valuation allowance $ 905 100 % Allowance for expected credit loss (2) Total commercial mortgage loans $ 903
Schedule of Investment in Mortgage Loans by Loan to Value and Debt Service Coverage Ratios	The following table presents the recorded investment in CMLs by LTV and DSC ratio categories and estimated fair value by the indicated loan-to-value ratios at September 30, 2021 (dollars in millions) : Debt-Service Coverage Ratios Total Amount % of Total Estimated Fair Value % of Total >1.25 1.00 - 1.25 <1.00 September 30, 2021 LTV Ratios: Less than 50% $ 441 $ 33 $ 166 $ 640 32 % $ 661 33 % 50% to 60% 386 — — 386 19 % 394 20 % 60% to 75% 964 — — 964 49 % 955 47 % Commercial mortgage loans $ 1,791 $ 33 $ 166 $ 1,990 100 % $ 2,010 100 % December 31, 2020 LTV Ratios: Less than 50% $ 520 $ 18 $ — $ 538 60 % $ 557 60 % 50% to 60% 237 9 — 246 27 % 251 27 % 60% to 75% 121 — — 121 13 % 119 13 % Commercial mortgage loans $ 878 $ 27 $ — $ 905 100 % $ 927 100 %
Schedule of Residential Mortgage Loans by State	The distribution of RMLs by state with highest-to-lowest concentration are reflected in the following tables (dollars in millions): September 30, 2021 U.S. State: Unpaid Principal Balance % of Total Florida $ 216 14 % Texas 154 10 % New Jersey 147 10 % All Other States (1) 983 66 % Total residential mortgage loans $ 1,500 100 % (1) The individual concentration of each state is equal to or less than 9% as of September 30, 2021. December 31, 2020 U.S. State: Unpaid Principal Balance % of Total California $ 164 15 % Florida 188 16 % New Jersey 96 8 % All other states 704 61 % Total residential mortgage loans $ 1,152 100 % (1) The individual concentration of each state is less than 8% as of December 31, 2020.
Schedule of Loans with Credit Quality Indicators, Performing or Nonperforming	The credit quality of RMLs as of September 30, 2021, was as follows (dollars in millions): September 30, 2021 December 31, 2020 Performance indicators: Carrying Value % of Total Carrying Value % of Total Performing $ 1,429 94 % $ 1,059 91 % Non-performing 98 6 % 106 9 % Total residential mortgage loans, gross of valuation allowance $ 1,527 100 % $ 1,165 100 % Allowance for expected loan loss (27) — % (37) — % Total residential mortgage loans $ 1,500 100 % $ 1,128 100 %
Loans Segregated by Risk Rating Exposure	Loans segregated by risk rating exposure as of September 30, 2021 and December 31, 2020, were as follows (in millions): September 30, 2021 Amortized Cost by Origination Year 2021 2020 2019 2018 2017 Prior Total Residential mortgages Current (less than 30 days past due) $ 623 $ 310 $ 334 $ 56 $ 36 $ 19 $ 1,378 30-89 days past due 10 14 39 — 1 2 66 Over 90 days past due — 29 48 3 — — 80 Total residential mortgages $ 633 $ 353 $ 421 $ 59 $ 37 $ 21 $ 1,524 Commercial mortgages Current (less than 30 days past due) $ 1,111 $ 543 $ — $ 6 $ — $ 330 $ 1,990 30-89 days past due — — — — — — — Over 90 days past due — — — — — — — Total commercial mortgages $ 1,111 $ 543 $ — $ 6 $ — $ 330 $ 1,990 December 31, 2020 Amortized Cost by Origination Year 2020 2019 2018 2017 2016 Prior Total Residential mortgages Current (less than 30 days past due) $ 311 $ 545 $ 68 $ 42 $ 62 $ 2 $ 1,030 30-89 days past due 2 22 2 — — — 26 Over 90 days past due 26 74 3 — — — 103 Total residential mortgages $ 339 $ 641 $ 73 $ 42 $ 62 $ 2 $ 1,159 Commercial mortgages Current (less than 30 days past due) $ 542 $ — $ 6 $ — $ 11 $ 346 $ 905 30-89 days past due — — — — — — — Over 90 days past due — — — — — — — Total commercial mortgage $ 542 $ — $ 6 $ — $ 11 $ 346 $ 905 September 30, 2021 Amortized Cost by Origination Year 2021 2020 2019 2018 2017 Prior Total Commercial mortgages LTV Less than 50% $ 85 $ 229 $ — $ 6 $ — $ 320 $ 640 50% to 60% 184 192 — — — 10 386 60% to 75% 842 122 — — — — 964 Total commercial mortgages $ 1,111 $ 543 $ — $ 6 $ — $ 330 $ 1,990 Commercial mortgages DSCR Greater than 1.25x $ 1,079 $ 417 $ — $ 4 $ — $ 290 $ 1,790 1.00x - 1.25x — — — 2 — 31 33 Less than 1.00x 32 126 — — — 9 167 Total commercial mortgages $ 1,111 $ 543 $ — $ 6 $ — $ 330 $ 1,990 December 31, 2020 Amortized Cost by Origination Year 2020 2019 2018 2017 2016 Prior Total Commercial mortgages LTV Less than 50% $ 228 $ — $ 6 $ — $ — $ 303 $ 537 50% to 60% 192 — — — 11 43 246 60% to 75% 122 — — — — — 122 Total commercial mortgages $ 542 $ — $ 6 $ — $ 11 $ 346 $ 905 Commercial mortgages DSCR Greater than 1.25x $ 542 $ — $ 6 $ — $ 11 $ 319 $ 878 1.00x - 1.25x — — — — — 27 27 Less than 1.00x — — — — — — — Total commercial mortgages $ 542 $ — $ 6 $ — $ 11 $ 346 $ 905
Financing Receivable, Nonaccrual	Non-accrual loans by amortized cost as of September 30, 2021 and December 31, 2020, were as follows: Amortized cost of loans on non-accrual September 30, 2021 December 31, 2020 Residential mortgage: $ 80 $ 99 Commercial mortgage: — — Total non-accrual loans $ 80 $ 99
Allowance for Expected Credit Losses on Loans	Changes in our allowance for expected credit losses on mortgage loans are recognized in Recognized gains and losses, net in the accompanying unaudited Condensed Consolidated Statements of Earnings. The allowances for our mortgage loan portfolio is summarized as follows: Three months ended September 30, 2021 Nine months ended September 30, 2021 Residential Mortgage Commercial Mortgage Total Residential Mortgage Commercial Mortgage Total Beginning Balance $ 28 $ 6 $ 34 37 2 39 Provision for loan losses (1) — (1) $ (10) $ 4 $ (6) Ending Balance $ 27 $ 6 $ 33 $ 27 $ 6 $ 33 Three months ended September 30, 2020 Four months ended September 30, 2020 Residential Mortgage Commercial Mortgage Total Residential Mortgage Commercial Mortgage Total Beginning Balance $ 26 $ 1 $ 27 — — — Provision for loan losses 7 1 8 $ 26 $ 2 $ 28 For initial credit losses on purchased loans accounted for as PCD financial assets — — — 7 — 7 Ending Balance $ 33 $ 2 $ 35 $ 33 $ 2 $ 35
Schedule of Sources of Net Investment Income Reported	The major sources of Interest and investment income reported on the accompanying unaudited Condensed Consolidated Statements of Earnings were as follows (in millions): Three months ended Nine months ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Fixed maturity securities, available-for-sale $ 313 $ 286 $ 944 $ 419 Equity securities 6 5 16 14 Preferred securities 13 15 45 40 Mortgage loans 34 24 90 31 Invested cash and short-term investments 4 — 5 8 Limited partnerships 168 25 412 25 Tax deferred property exchange income 4 5 13 28 Other investments 9 7 24 19 Gross investment income 551 367 1,549 584 Investment expense (43) (31) (125) (43) Interest and investment income $ 508 $ 336 $ 1,424 $ 541 Recognized Gains and Losses, net Details underlying Recognized gains and losses, net reported on the accompanying unaudited Condensed Consolidated Statements of Earnings were as follows (in millions): Three months ended Nine months ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Net realized gains on fixed maturity available-for-sale securities $ 22 $ 20 $ 75 $ 36 Net realized/unrealized losses on equity securities (2) (193) (6) (281) (63) Net realized/unrealized (losses) gains on preferred securities (3) (4) 46 2 (28) Realized gains (losses) on other invested assets — (10) 8 (23) Change in allowance for expected credit losses 1 (11) 7 (35) Derivatives and embedded derivatives: Realized gains on certain derivative instruments 138 30 318 39 Unrealized (losses) gains on certain derivative instruments (141) 16 (34) 21 Change in fair value of reinsurance related embedded derivatives (1) 23 (14) 23 (35) Change in fair value of other derivatives and embedded derivatives — 2 3 3 Realized gains on derivatives and embedded derivatives 20 34 310 28 Recognized gains and losses, net $ (154) $ 73 $ 121 $ (85) (1) Change in fair value of reinsurance related embedded derivatives is due to held for sale unaffiliated third party business under the fair value option election, and activity related to the FGL Insurance and Kubera reinsurance treaty. (2) Includes net valuation (losses) gains of $(194) million and less than $1 million for the three months ended September 30, 2021 and 2020, respectively, and net valuation losses of $(285) million and $56 million for the nine months ended September 30, 2021 and 2020, respectively.
Proceeds from Sale of Fixed Maturity Available-for-sale Securities	The proceeds from the sale of fixed-maturity available for-sale-securities and the gross gains and losses associated with those transactions were as follows (in millions): Three months ended Nine months ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Proceeds $ 1,816 $ 493 $ 2,685 $ 1,007 Gross gains 30 24 98 53 Gross losses (8) (5) (24) (12)
Schedule of Carrying Value and Maximum Loss Exposure, Unconsolidated VIEs	The following table summarizes the carrying value and the maximum loss exposure of our unconsolidated VIEs as of September 30, 2021 and December 31, 2020. September 30, 2021 December 31, 2020 Carrying Value Maximum Loss Exposure Carrying Value Maximum Loss Exposure Investment in limited partnerships $ 2,022 $ 2,950 $ 1,156 $ 1,550 Fixed maturity securities 11,928 12,209 9,873 9,513 Total unconsolidated VIE investments $ 13,950 $ 15,159 $ 11,029 $ 11,063

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
Derivative Financial Instruments (Tables)	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The carrying amounts of derivative instruments, including derivative instruments embedded in FIA and reinsurance contracts, as of September 30, 2021 and December 31, 2020 is as follows (in millions): September 30, 2021 December 31, 2020 Assets: Derivative investments: Call options $ 580 $ 548 Futures contracts — — Foreign currency forward 1 — Other long-term investments: Other embedded derivatives 30 27 $ 611 $ 575 Liabilities: Contractholder funds: FIA embedded derivative $ 3,439 $ 3,404 Accounts payable and accrued liabilities: Reinsurance related embedded derivative 84 101 $ 3,523 $ 3,505
Change in Fair Value of Derivative Instruments	The change in fair value of derivative instruments included in the accompanying unaudited Condensed Consolidated Statements of Earnings is as follows (in millions): Three Months Ended Nine Months Ended Four Months Ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Net investment gains (losses): Call options $ (6) $ 43 $ 273 $ 55 Futures contracts — 7 4 9 Foreign currency forward 3 (4) 7 (4) Other derivatives and embedded derivatives (1) 2 2 3 Reinsurance related embedded derivatives 23 (14) 23 (35) Total net investment gains (losses) $ 19 $ 34 $ 309 $ 28 Benefits and other changes in policy reserves: FIA embedded derivatives $ (320) $ 209 $ 35 $ 309
Exposure to Credit Loss on Call Options Held	Information regarding our exposure to credit loss on the call options we hold as of September 30, 2021 and December 31, 2020, is presented in the following table (in millions): September 30, 2021 Counterparty Credit Rating Notional Fair Value Collateral Net Credit Risk Merrill Lynch AA//A+ $ 2,180 $ 67 $ 27 $ 40 Morgan Stanley /Aa3/A+ 2,051 61 67 — Barclay's Bank A+/A1/A 5,508 154 165 — Canadian Imperial Bank of Commerce AA/Aa2/A+ 2,499 87 94 — Wells Fargo A+/A1/BBB+ 2,575 87 90 — Goldman Sachs A/A2/BBB+ 383 11 13 — Credit Suisse A/A1/A+ 2,184 78 89 — Truist A+/A2/A 1,135 35 37 — Total $ 18,515 $ 580 $ 582 $ 40 December 31, 2020 Counterparty Credit Rating Notional Fair Value Collateral Net Credit Risk Merrill Lynch AA-//A+ $ 1,932 $ 75 $ 32 $ 43 Morgan Stanley A/A2/BBB+ 1,503 40 41 — Barclay's Bank A+/A1/A 4,639 180 169 11 Canadian Imperial Bank of Commerce AA/Aa2/A+ 2,276 86 85 1 Wells Fargo A+/A2/BBB+ 2,900 106 105 1 Goldman Sachs A/A3/BBB+ 634 15 15 — Credit Suisse A/Aa3/A+ 1,373 27 25 2 Truist A+/A2/A 652 19 19 — Total $ 15,909 $ 548 $ 491 $ 58 (1) An represents credit ratings that were not available.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
Commitments and Contingencies (Tables)	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Summary of Unfunded Commitments	A summary of unfunded commitments by invested asset class as of September 30, 2021 is included below (in millions): September 30, 2021 Asset Type Unconsolidated VIEs: Limited partnerships $ 928 Whole loans 741 Fixed Maturity securities, ABS 247 Other fixed maturity securities, AFS 105 Commercial mortgage loans 109 Other assets 111 Other invested assets 14 Total $ 2,255

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
Segment Information (Tables)	Sep. 30, 2021
Segment Reporting [Abstract]
Schedule of Segment Information	Summarized financial information concerning our reportable segments is shown in the following tables. On June 1, 2020, we completed our acquisition of F&G. As a result, the tables for the nine months ended September 30, 2020 present four months of F&G activity. As of and for the three months ended September 30, 2021: Title F&G Corporate and Other Total (In millions) Title premiums $ 2,214 $ — $ — $ 2,214 Other revenues 849 431 44 1,324 Revenues from external customers 3,063 431 44 3,538 Interest and investment income, including recognized gains and losses, net (142) 496 — 354 Total revenues 2,921 927 44 3,892 Depreciation and amortization 36 210 6 252 Interest expense — 6 21 27 Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of unconsolidated affiliates 486 472 (32) 926 Income tax expense (benefit) 126 96 (9) 213 Earnings (loss) from continuing operations before equity in earnings (loss) of unconsolidated affiliates 360 376 (23) 713 Equity in earnings of unconsolidated affiliates 26 — 1 27 Net earnings (loss) from continuing operations $ 386 $ 376 $ (22) $ 740 Assets $ 9,994 $ 46,723 $ 1,789 $ 58,506 Goodwill 2,493 1,756 266 4,515 As of and for the three months ended September 30, 2020: Title F&G Corporate and Other Total (In millions) Title premiums $ 1,714 $ — $ — $ 1,714 Other revenues 742 60 51 853 Revenues from external customers 2,456 60 51 2,567 Interest and investment income, including recognized gains and losses, net 28 382 (1) 409 Total revenues 2,484 442 50 2,976 Depreciation and amortization 39 56 5 100 Interest expense — 7 22 29 Earnings (loss) from continuing operations before income taxes and equity in earnings of unconsolidated affiliates 507 72 (40) 539 Income tax expense (benefit) 129 6 (2) 133 Earnings (loss) from continuing operations before equity in earnings (loss) of unconsolidated affiliates 378 66 (38) 406 Equity in earnings (loss) of unconsolidated affiliates 5 — 2 7 Net earnings (loss) from continuing operations $ 383 $ 66 $ (36) $ 413 Assets $ 9,107 $ 39,716 $ 1,062 $ 49,885 Goodwill 2,461 1,731 266 4,458 As of and for the nine months ended September 30, 2021: Title F&G Corporate and Other Total (In millions) Title premiums $ 6,178 $ — $ — $ 6,178 Other revenues 2,433 557 133 3,123 Revenues from external customers 8,611 557 133 9,301 Interest and investment income, including recognized gains and losses, net (175) 1,711 9 1,545 Total revenues 8,436 2,268 142 10,846 Depreciation and amortization 103 419 18 540 Interest expense — 21 62 83 Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of unconsolidated affiliates 1,569 925 (98) 2,396 Income tax expense (benefit) 389 189 (23) 555 Earnings (loss) from continuing operations before equity in earnings (loss) of unconsolidated affiliates 1,180 736 (75) 1,841 Equity in earnings of unconsolidated affiliates 48 — 6 54 Net earnings (loss) from continuing operations $ 1,228 $ 736 $ (69) $ 1,895 Assets $ 9,994 $ 46,723 $ 1,789 $ 58,506 Goodwill 2,493 1,756 266 4,515 As of and for the nine months ended September 30, 2020: Title F&G Corporate and Other Total (In millions) Title premiums $ 4,351 $ — $ — $ 4,351 Other revenues 2,007 80 114 2,201 Revenues from external customers 6,358 80 114 6,552 Interest and investment income, including recognized gains and losses, net (27) 486 (3) 456 Total revenues 6,331 566 111 7,008 Depreciation and amortization 113 59 17 189 Interest expense 1 10 51 62 Earnings (loss) from continuing operations before income taxes and equity in earnings of unconsolidated affiliates 982 14 (142) 854 Income tax expense (benefit) 240 (8) (38) 194 Earnings (loss) from continuing operations before equity in earnings (loss) of unconsolidated affiliates 742 22 (104) 660 Equity in earnings (loss) of unconsolidated affiliates 8 — 1 9 Net earnings (loss) $ 750 $ 22 $ (103) $ 669 Assets $ 9,107 $ 39,716 $ 1,062 $ 49,885 Goodwill 2,461 1,731 266 4,458

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	9 Months Ended
Supplemental Cash Flow Information (Tables)	Sep. 30, 2021
Supplemental Cash Flow Elements [Abstract]
Schedule of Supplemental Cash Flow information	The following supplemental cash flow information is provided with respect to certain cash payment and non-cash investing and financing activities. Nine months ended September 30, 2021 2020 Cash paid for: Interest $ 85 $ 47 Income taxes 488 191 Deferred sales inducements 65 25 Non-cash investing and financing activities: Equity financing associated with the acquisition of F&G $ — $ 609 Change in proceeds of sales of investments available for sale receivable in period (215) (67) Change in purchases of investments available for sale payable in period 465 93 Lease liabilities recognized in exchange for lease right-of-use assets 32 39 Remeasurement of lease liabilities 65 39

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
Revenue Recognition (Tables)	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Our revenue consists of: Three months ended September 30, Nine months ended September 30, 2021 2020 2021 2020 Revenue Stream Income Statement Classification Segment Total Revenue Revenue from insurance contracts: (in millions) Direct title insurance premiums Direct title insurance premiums Title $ 896 $ 733 $ 2,546 $ 1,854 Agency title insurance premiums Agency title insurance premiums Title 1,318 981 3,632 2,497 Life insurance premiums, insurance and investment product fees, and other Escrow, title-related and other fees F&G 431 60 557 80 Home warranty Escrow, title-related and other fees Title 57 51 144 140 Total revenue from insurance contracts 2,702 1,825 6,879 4,571 Revenue from contracts with customers: Escrow fees Escrow, title-related and other fees Title 359 334 1,057 814 Other title-related fees and income Escrow, title-related and other fees Title 226 189 663 516 ServiceLink, excluding title premiums, escrow fees, and subservicing fees Escrow, title-related and other fees Title 108 92 295 284 Real estate technology Escrow, title-related and other fees Corporate and other 37 29 105 81 Real estate brokerage Escrow, title-related and other fees Corporate and other — 7 — 19 Other Escrow, title-related and other fees Corporate and other 7 15 28 14 Total revenue from contracts with customers 737 666 2,148 1,728 Other revenue: Loan subservicing revenue Escrow, title-related and other fees Title 99 76 274 253 Interest and investment income Interest and investment income Various 508 336 1,424 541 Recognized gains and losses, net Recognized gains and losses, net Various (154) 73 121 (85) Total revenues Total revenues $ 3,892 $ 2,976 $ 10,846 $ 7,008
Information about Trade Receivables and Deferred Revenue	The following table provides information about trade receivables and deferred revenue: September 30, 2021 December 31, 2020 (In millions) Trade receivables $ 484 $ 404 Deferred revenue (contract liabilities) 108 117

Value of Business Acquired, D_2

Value of Business Acquired, Deferred Acquisition Costs and Deferred Sales Inducements (Tables)	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Changes Intangible Assets, VOBA and DAC DSI	A summary of the changes in the carrying amounts of our VOBA, DAC and DSI intangible assets are as follows (in millions): VOBA DAC DSI Total Balance at December 31, 2020 $ 1,466 $ 222 $ 36 $ 1,724 Deferrals — 427 65 492 Amortization (376) (34) (26) (436) Interest 23 8 1 32 Unlocking (1) 1 (1) (1) Adjustment for net unrealized investment losses (gains) 38 (18) (1) 19 Purchase price allocation adjustments 61 — — 61 Balance at September 30, 2021 $ 1,211 $ 606 $ 74 $ 1,891 VOBA DAC DSI Total Balance at December 31, 2019 $ — $ — $ — $ — F&G acquisition 1,903 — — 1,903 Deferrals — 130 25 155 Amortization (56) (3) (2) (61) Interest 12 1 — 13 Unlocking (1) — — (1) Adjustment for net unrealized investment (gains) losses (228) (15) (4) (247) Balance at September 30, 2020 $ 1,630 $ 113 $ 19 $ 1,762
Estimated Amortization Expense for VOBA in Future Fiscal Periods	For the inforce liabilities as of September 30, 2021, the estimated amortization expense for VOBA in future fiscal periods is as follows (in millions): Estimated Amortization Expense Fiscal Year 2021 $ (17) 2022 40 2023 165 2024 159 2025 153 Thereafter 956

F&G Reinsurance (Tables)

F&G Reinsurance (Tables)	9 Months Ended
F&G Reinsurance (Tables)	Sep. 30, 2021
Reinsurance Disclosures [Abstract]
Effect of Reinsurance on Premiums Earned, Benefits Incurred and Reserve Changes	The effect of reinsurance on net premiums earned and net benefits incurred (benefits paid and reserve changes) for the three and nine months ended September 30, 2021 and the three and four months ended September 30, 2020 (following our June 1, 2020 acquisition of F&G) were as follows (in millions): Three months ended Nine months ended Four months ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Net Premiums Earned Net Benefits Incurred Net Premiums Earned Net Benefits Incurred Net Premiums Earned Net Benefits Incurred Net Premiums Earned Net Benefits Incurred Direct $ 412 $ 461 $ 48 $ 308 $ 500 $ 1,646 $ 65 $ 463 Ceded (32) (276) (36) (57) (103) (912) (49) (57) Net $ 380 $ 185 $ 12 $ 251 $ 397 $ 734 $ 16 $ 406

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
Acquisitions (Tables)	Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Schedule of Initial Purchase Price	The purchase price is as follows (in millions): Cash paid for outstanding F&G shares $ 1,903 Less: Cash Acquired 827 Net cash paid for F&G 1,076 Value of FNF share consideration 806 Value of outstanding converted equity awards attributed to services already rendered 28 Total net consideration paid $ 1,910
Schedule of Assets Acquired and Liabilities Assumed	The final purchase price allocation is as follows (dollars in millions): Fair Value Fixed maturity securities $ 22,389 Preferred securities 876 Equity securities 52 Derivative instruments 313 Mortgage loans 1,755 Investments in unconsolidated affiliates 1,049 Other long-term investments 430 Short-term investments 37 Trade and notes receivable 1 Reinsurance recoverable 2,998 Goodwill 1,756 Prepaid expenses and other assets 379 Lease assets 8 Other intangible assets 2,107 Deferred tax asset 269 Assets of discontinued operations 2,392 Total assets acquired 36,811 Contractholder funds 26,451 Future policy benefits 3,871 Accounts payable and accrued liabilities 897 Notes payable 589 Funds withheld for reinsurance liabilities 816 Lease liabilities 9 Liabilities of discontinued operations 2,268 Total liabilities assumed 34,901 Net assets acquired $ 1,910
Gross Carrying Value and Weighted Average Useful Lives of Property and Equipment and Other Intangible Assets Acquired	The gross carrying value and weighted average estimated useful lives of Other intangible assets acquired in the F&G acquisition consist of the following (dollars in millions): Gross Carrying Value Weighted Average Other intangible assets: Value of business acquired $ 1,908 Various Value of distribution network acquired 140 15 Trademarks and licenses 38 10 Software 21 2 Total Other intangible assets 2,107

Notes Payable (Tables)

Notes Payable (Tables)	9 Months Ended
Notes Payable (Tables)	Sep. 30, 2021
Debt Disclosure [Abstract]
Schedule of Notes Payable	Notes payable consists of the following: September 30, 2021 December 31, 2020 (In millions) 4.50% Notes, net of discount $ 444 $ 443 5.50% Notes, net of discount 399 399 3.40% Notes, net of discount 643 643 2.45% Notes, net of discount 593 592 3.20% Notes, net of discount 443 — Revolving Credit Facility (4) (4) 5.50% F&G Notes 579 589 $ 3,097 $ 2,662
Schedule of Principal Maturities of Notes Payable	Gross principal maturities of notes payable at September 30, 2021 are as follows (in millions): 2021 (remaining) $ — 2022 400 2023 — 2024 — 2025 550 Thereafter 2,150 $ 3,100

Basis of Financial Statements -

Basis of Financial Statements - Recent Developments (Details) - USD ($) $ / shares in Units, shares in Thousands	Sep. 17, 2021	Aug. 03, 2021	Oct. 31, 2021	Jun. 30, 2021	Sep. 30, 2021	Jun. 29, 2021	Mar. 30, 2021	Jan. 25, 2021	Dec. 31, 2020	Dec. 07, 2020
Business Acquisition [Line Items]
Stock repurchase program, period		3 years
Stock repurchase program, number of shares authorized to be repurchased		25,000
Subscriber fee, percentage						2.50%
Funding agreement backed note, maximum authorized amount				$ 5,000,000,000
Funding agreement backed note, amount outstanding					$ 1,900,000,000
Pension obligations					3,985,000,000				$ 4,010,000,000
Subsequent Event
Business Acquisition [Line Items]
Pension risk transfer, pension obligations			$ 564,000,000
Pension Risk Transfer
Business Acquisition [Line Items]
Pension risk transfer, pension obligations					$ 371,000,000
FTAC Subscription Agreements
Business Acquisition [Line Items]
Subscription agreements, investment								$ 150,000,000
Subscription agreements, stock purchase, par value (in usd per share)								$ 0.001
Subscription agreements, stock purchase, share price (in usd per share)								$ 10
Paysafe Limited \| Subscription Agreements with Paysafe Limited and Foley Trasimene Acquisition Corp. II
Business Acquisition [Line Items]
Subscription agreements, investment										$ 500,000,000
Subscription agreements, stock purchase, par value (in usd per share)										$ 0.001
Subscription agreements, stock purchase, share price (in usd per share)										$ 10
Subscriber fee, percentage										1.60%
Subscriptions funded, shares received (in shares)							50,000
Subscription agreements, ownership interest after purchase, percent					7.00%
3.20% Notes
Business Acquisition [Line Items]
Debt instrument, interest rate, stated percentage	3.20%				3.20%
Aggregate principal amount	$ 450,000,000
Proceeds from issuance of senior notes	$ 443,000,000

Basis of Financial Statements_2

Basis of Financial Statements - Income Tax (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Income tax expense	$ 213	$ 133	$ 555	$ 194
Income tax expense as percentage of earnings before income taxes, percent	23.00%	25.00%	23.00%	23.00%

Basis of Financial Statements_3

Basis of Financial Statements - Earnings Per Share (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Antidilutive securities excluded from computation of EPS, less than in 2021 (in shares)	1	2	1	1

Basis of Financial Statements_4

Basis of Financial Statements -Management Estimates (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Future policy reserves	$ (3,985)	$ (4,010)
Intangibles assets	(1,891)	$ (1,724)	$ (1,762)	$ 0
Change in Accounting Method Accounted for as Change in Estimate
Business Acquisition [Line Items]
Future policy reserves	425
Intangibles assets	136
Liability for guaranteed minimum withdrawal benefit	$ 28

Summary of Reserve for Title _3

Summary of Reserve for Title Claim Losses (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Loss Contingencies [Line Items]
Change in insurance recoverable	$ (79)	$ (70)
Title
Loss Contingencies [Line Items]
Beginning balance	1,623	1,509
Change in insurance recoverable	(10)	(1)
Claim loss provision related to:
Current year	278	196
Prior years	0	0
Total title claim loss provision	278	196
Claims paid, net of recoupments related to:
Current year	(6)	(4)
Prior years	(151)	(145)
Total title claims paid, net of recoupments	(157)	(149)
Ending balance of claim loss reserve for title insurance	$ 1,734	$ 1,555
Provision for title insurance claim losses as a percentage of title insurance premiums	4.50%	4.50%

Summary of Reserve for Title _4

Summary of Reserve for Title Claim Losses - Narrative (Details) - Pending Litigation - USD ($) $ in Millions	Nov. 02, 2020	Oct. 01, 2020	Sep. 03, 2020	Jul. 07, 2020	Jun. 29, 2020	Mar. 06, 2020	Dec. 13, 2019
Kim Funding, LLC, Kim H. Peterson, Joseph J. Cohen, and ABC Funding Strategies, LLC v. Chicago Title Co., Chicago Title Ins. Co., Thomas Schwiebert, Adelle Ducharme, and Betty Elixman
Loss Contingencies [Line Items]
Plaintiffs claim losses amount							$ 250
Wakefield Capital, LLC, Wakefield Investments, LLC, 2Budz Holding, LLC, Doug and Kristine Heidrich, and Jeff and Heidi Orr v. Chicago Title Co. and Chicago Title Ins. Co.
Loss Contingencies [Line Items]
Plaintiffs claim losses amount						$ 7
Susan Heller Fenley Separate Property Trust, Susan Heller Fenley Inherited Roth IRA, Shelley Lynn Tarditi Trust and ROJ, LLC v. Chicago Title Co., Chicago Title Ins. Co. et al
Loss Contingencies [Line Items]
Plaintiffs claim losses amount					$ 6
Yuan Yu and Polly Yu v. Chicago Title Co., Chicago Title Ins. Co., Thomas Schwiebert, Adelle Ducharme, and Betty Elixman
Loss Contingencies [Line Items]
Plaintiffs claim losses amount					$ 1
Banc of California, National Association v. Laurie Peterson
Loss Contingencies [Line Items]
Plaintiffs claim losses amount				$ 35
Laurie Peterson v. Chicago Title Co., Chicago Title Ins. Co., Thomas Schwiebert, Adelle Ducharme, and Betty Elixman
Loss Contingencies [Line Items]
Plaintiffs claim losses amount				$ 250
CalPrivate Bank v. Kim H. Peterson Trustee of the Peterson Family Trust dated April 14 1992
Loss Contingencies [Line Items]
Plaintiffs claim losses amount			$ 12
Kim H. Peterson Trustee of the Peterson Family Trust dated April 14 1992 v. Chicago Title Co., Chicago Title Ins. Co., Thomas Schwiebert, Adelle Ducharme, and Betty Elixman
Loss Contingencies [Line Items]
Plaintiffs claim losses amount			$ 250
Ovation Fin. Holdings 2 LLC, Ovation Fund Mgmt. II, LLC, Banc of California, N.A. v. Chicago Title Ins. Co., and plaintiffs
Loss Contingencies [Line Items]
Plaintiffs claim losses amount		$ 75
CalPrivate Bank v. Chicago Title Co. and Chicago Title Ins. Co.
Loss Contingencies [Line Items]
Plaintiffs claim losses amount	$ 12

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Carrying Amounts of Assets and Liabilities at Estimated Fair Value Measured on a Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Assets
Fixed maturity securities, available for sale	$ 30,435	$ 27,587
Derivative investments	581	548
Total financial assets at fair value	5,103	3,267
Level 1
Assets
Cash and cash equivalents	5,148	2,719
Derivative investments	0	0
Short term investments	333	769
Total financial assets at fair value	8,252	5,311
Liabilities
Fair value of future policy benefits		0
Derivatives:
Total financial liabilities at fair value	0	0
Level 2
Assets
Cash and cash equivalents	0	0
Derivative investments	581	548
Short term investments	2	0
Total financial assets at fair value	25,947	25,431
Liabilities
Fair value of future policy benefits		0
Derivatives:
Total financial liabilities at fair value	84	101
Level 3
Assets
Cash and cash equivalents	0	0
Derivative investments	0	0
Short term investments	192	0
Total financial assets at fair value	5,103	3,267
Liabilities
Fair value of future policy benefits		5
Derivatives:
Total financial liabilities at fair value	3,439	3,409
Fair Value
Assets
Cash and cash equivalents	5,148	2,719
Derivative investments	581	548
Short term investments	527	769
Total financial assets at fair value	39,302	34,009
Liabilities
Fair value of future policy benefits		5
Derivatives:
Total financial liabilities at fair value	3,523	3,510
Carrying Value
Assets
Cash and cash equivalents	5,148	2,719
Derivative investments	581	548
Short term investments	527	769
Total financial assets at fair value	39,302	34,009
Liabilities
Fair value of future policy benefits		5
Derivatives:
Total financial liabilities at fair value	3,523	3,510
FIA embedded derivatives, included in contractholder funds \| Level 1
Derivatives:
Derivative liability	0	0
FIA embedded derivatives, included in contractholder funds \| Level 2
Derivatives:
Derivative liability	0	0
FIA embedded derivatives, included in contractholder funds \| Level 3
Derivatives:
Derivative liability	3,439	3,404
FIA embedded derivatives, included in contractholder funds \| Fair Value
Derivatives:
Derivative liability	3,439	3,404
FIA embedded derivatives, included in contractholder funds \| Carrying Value
Derivatives:
Derivative liability	3,439	3,404
Reinsurance related embedded derivatives, included in accounts payable and accrued liabilities \| Level 1
Derivatives:
Derivative liability	0	0
Reinsurance related embedded derivatives, included in accounts payable and accrued liabilities \| Level 2
Derivatives:
Derivative liability	84	101
Reinsurance related embedded derivatives, included in accounts payable and accrued liabilities \| Level 3
Derivatives:
Derivative liability	0	0
Reinsurance related embedded derivatives, included in accounts payable and accrued liabilities \| Fair Value
Derivatives:
Derivative liability	84	101
Reinsurance related embedded derivatives, included in accounts payable and accrued liabilities \| Carrying Value
Derivatives:
Derivative liability	84	101
Asset-backed securities
Assets
Fixed maturity securities, available for sale	8,191	6,266
Asset-backed securities \| Level 1
Assets
Fixed maturity securities, available for sale	0	0
Asset-backed securities \| Level 2
Assets
Fixed maturity securities, available for sale	4,947	4,916
Asset-backed securities \| Level 3
Assets
Fixed maturity securities, available for sale	3,244	1,350
Asset-backed securities \| Fair Value
Assets
Fixed maturity securities, available for sale	8,191	6,266
Asset-backed securities \| Carrying Value
Assets
Fixed maturity securities, available for sale	8,191	6,266
Commercial mortgage-backed securities
Assets
Fixed maturity securities, available for sale	3,024	2,829
Commercial mortgage-backed securities \| Level 1
Assets
Fixed maturity securities, available for sale	0	0
Commercial mortgage-backed securities \| Level 2
Assets
Fixed maturity securities, available for sale	2,988	2,803
Commercial mortgage-backed securities \| Level 3
Assets
Fixed maturity securities, available for sale	36	26
Commercial mortgage-backed securities \| Fair Value
Assets
Fixed maturity securities, available for sale	3,024	2,829
Commercial mortgage-backed securities \| Carrying Value
Assets
Fixed maturity securities, available for sale	3,024	2,829
Corporates
Assets
Fixed maturity securities, available for sale	15,177	14,735
Corporates \| Level 1
Assets
Fixed maturity securities, available for sale	37	25
Corporates \| Level 2
Assets
Fixed maturity securities, available for sale	14,027	13,421
Corporates \| Level 3
Assets
Fixed maturity securities, available for sale	1,113	1,289
Corporates \| Fair Value
Assets
Fixed maturity securities, available for sale	15,177	14,735
Corporates \| Carrying Value
Assets
Fixed maturity securities, available for sale	15,177	14,735
Hybrids
Assets
Fixed maturity securities, available for sale	923	994
Hybrids \| Level 1
Assets
Fixed maturity securities, available for sale	132	175
Hybrids \| Level 2
Assets
Fixed maturity securities, available for sale	791	815
Hybrids \| Level 3
Assets
Fixed maturity securities, available for sale	0	4
Hybrids \| Fair Value
Assets
Fixed maturity securities, available for sale	923	994
Hybrids \| Carrying Value
Assets
Fixed maturity securities, available for sale	923	994
Municipals \| Level 1
Assets
Fixed maturity securities, available for sale	0	0
Municipals \| Level 2
Assets
Fixed maturity securities, available for sale	1,325	1,360
Municipals \| Level 3
Assets
Fixed maturity securities, available for sale	43	43
Municipals \| Fair Value
Assets
Fixed maturity securities, available for sale	1,368	1,403
Municipals \| Carrying Value
Assets
Fixed maturity securities, available for sale	1,368	1,403
Residential mortgage-backed securities
Assets
Fixed maturity securities, available for sale	741	825
Residential mortgage-backed securities \| Level 1
Assets
Fixed maturity securities, available for sale	0	0
Residential mortgage-backed securities \| Level 2
Assets
Fixed maturity securities, available for sale	347	342
Residential mortgage-backed securities \| Level 3
Assets
Fixed maturity securities, available for sale	394	483
Residential mortgage-backed securities \| Fair Value
Assets
Fixed maturity securities, available for sale	741	825
Residential mortgage-backed securities \| Carrying Value
Assets
Fixed maturity securities, available for sale	741	825
U.S. Government
Assets
Fixed maturity securities, available for sale	805	342
U.S. Government \| Level 1
Assets
Fixed maturity securities, available for sale	805	342
U.S. Government \| Level 2
Assets
Fixed maturity securities, available for sale	0	0
U.S. Government \| Level 3
Assets
Fixed maturity securities, available for sale	0	0
U.S. Government \| Fair Value
Assets
Fixed maturity securities, available for sale	805	342
U.S. Government \| Carrying Value
Assets
Fixed maturity securities, available for sale	805	342
Foreign Governments
Assets
Fixed maturity securities, available for sale	206	193
Foreign Governments \| Level 1
Assets
Fixed maturity securities, available for sale	0	0
Foreign Governments \| Level 2
Assets
Fixed maturity securities, available for sale	188	176
Foreign Governments \| Level 3
Assets
Fixed maturity securities, available for sale	18	17
Foreign Governments \| Fair Value
Assets
Fixed maturity securities, available for sale	206	193
Foreign Governments \| Carrying Value
Assets
Fixed maturity securities, available for sale	206	193
Equity securities \| Level 1
Assets
Equity securities	1,349	791
Equity securities \| Level 2
Assets
Equity securities	0	0
Equity securities \| Level 3
Assets
Equity securities	9	5
Equity securities \| Fair Value
Assets
Equity securities	1,358	796
Equity securities \| Carrying Value
Assets
Equity securities	1,358	796
Preferred securities
Assets
Equity securities	1,202	1,341
Preferred securities \| Level 1
Assets
Equity securities	448	490
Preferred securities \| Level 2
Assets
Equity securities	751	851
Preferred securities \| Level 3
Assets
Equity securities	3	0
Preferred securities \| Fair Value
Assets
Equity securities	1,202	1,341
Preferred securities \| Carrying Value
Assets
Equity securities	1,202	1,341
Subscription agreements \| Level 1
Assets
Equity securities		0
Subscription agreements \| Level 2
Assets
Equity securities		199
Subscription agreements \| Level 3
Assets
Equity securities		0
Subscription agreements \| Fair Value
Assets
Equity securities		199
Subscription agreements \| Carrying Value
Assets
Equity securities		199
Other long-term investments \| Level 1
Assets
Other long-term investments	0	0
Other long-term investments \| Level 2
Assets
Other long-term investments	0	0
Other long-term investments \| Level 3
Assets
Other long-term investments	51	50
Other long-term investments \| Fair Value
Assets
Other long-term investments	51	50
Other long-term investments \| Carrying Value
Assets
Other long-term investments	$ 51	$ 50

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Narrative (Detail)	Sep. 30, 2021$ / Contract
Other invested assets \| Income-Approach
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, strike price	0

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Quantitative Information of Unobservable Inputs Used for Level Three Fair Value Measurements of Financial Instruments on Recurring Basis (Detail) $ in Millions	6 Months Ended	9 Months Ended	12 Months Ended
	Jun. 30, 2021	Sep. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value		$ 5,103	$ 3,267
Liabilities, fair value		3,439	3,409
Fixed indexed annuities \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Liabilities, fair value		$ 3,439	$ 3,404
Minimum \| Fixed indexed annuities \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Market value of option	0.00%	0.00%
Swap rates	0.08%	0.01%
Mortality multiplier	100.00%	100.00%
Surrender rates	0.25%	0.25%
Partial withdrawals	2.00%	2.00%
Non-performance spread	0.74%	0.30%
Option cost	0.05%	0.00%
Maximum \| Fixed indexed annuities \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Market value of option	67.65%	28.41%
Swap rates	1.65%	2.41%
Mortality multiplier	100.00%	100.00%
Surrender rates	55.00%	70.00%
Partial withdrawals	3.50%	21.74%
Non-performance spread	0.74%	0.93%
Option cost	16.61%	4.97%
Weighted Average \| Fixed indexed annuities \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Market value of option	2.25%	2.48%
Swap rates	0.87%	1.21%
Mortality multiplier	100.00%	100.00%
Surrender rates	5.24%	6.19%
Partial withdrawals	2.58%	2.72%
Non-performance spread	0.74%	0.62%
Option cost	2.25%	1.81%
Insurance Subsidiary \| Minimum \| Discounted cash flow \| Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities			0.1060
Insurance Subsidiary \| Maximum \| Discounted cash flow \| Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities			0.1060
Insurance Subsidiary \| Weighted Average \| Discounted cash flow \| Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities			0.1060
Asset-backed securities \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value		$ 3,105	$ 1,175
Asset-backed securities \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value		$ 139	175
Asset-backed securities \| Minimum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	85.00%	53.66%
Asset-backed securities \| Minimum \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	0.00%	95.55%
Asset-backed securities \| Maximum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	126.15%	145.43%
Asset-backed securities \| Maximum \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	107.25%	107.08%
Asset-backed securities \| Weighted Average \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	103.96%	97.03%
Asset-backed securities \| Weighted Average \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	79.87%	103.58%
Commercial mortgage-backed securities \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value		$ 36	26
Commercial mortgage-backed securities \| Minimum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	131.59%	101.04%
Commercial mortgage-backed securities \| Maximum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	131.59%	127.33%
Commercial mortgage-backed securities \| Weighted Average \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	131.59%	117.40%
Corporates \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value		$ 344	388
Corporates \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value		13
Corporates \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value		$ 756	901
Corporates \| Minimum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	75.20%	93.33%
Corporates \| Minimum \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt securities		0.4400
Corporates \| Minimum \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	88.42%	86.58%
Corporates \| Maximum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	114.68%	113.92%
Corporates \| Maximum \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt securities		1
Corporates \| Maximum \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	125.83%	121.41%
Corporates \| Weighted Average \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	103.36%	103.68%
Corporates \| Weighted Average \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt securities		0.7800
Corporates \| Weighted Average \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	109.47%	108.34%
Hybrids \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value			4
Hybrids \| Minimum \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	112.06%
Hybrids \| Maximum \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	112.06%
Hybrids \| Weighted Average \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	112.06%
Municipals \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value		$ 43	43
Municipals \| Minimum \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	133.53%	134.75%
Municipals \| Maximum \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	133.53%	134.75%
Municipals \| Weighted Average \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	133.53%	134.75%
Residential mortgage-backed securities \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value		$ 394	483
Residential mortgage-backed securities \| Minimum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	112.58%	0.00%
Residential mortgage-backed securities \| Maximum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	112.58%	115.44%
Residential mortgage-backed securities \| Weighted Average \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	112.58%	115.44%
Foreign Governments \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value		$ 18	$ 17
Foreign Governments \| Minimum \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	107.87%	108.78%
Foreign Governments \| Maximum \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	113.80%	116.83%
Foreign Governments \| Weighted Average \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	109.72%	111.29%
Short-Term \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value		$ 192
Short-Term \| Minimum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes		100.00%
Short-Term \| Maximum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes		100.00%
Short-Term \| Weighted Average \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes		100.00%
Equity securities \| Minimum \| Broker-quoted \| EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities		6.6	6.6
Equity securities \| Maximum \| Broker-quoted \| EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities		6.6	6.6
Equity securities \| Weighted Average \| Broker-quoted \| EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities		6.6	6.6
Equity securities \| Insurance Subsidiary \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value		$ 3
Equity securities \| Insurance Subsidiary \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value		4	$ 3
Equity securities \| Insurance Subsidiary \| Income-Approach
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value		$ 3	$ 1
Yield		2.49%	2.61%
Equity securities \| Insurance Subsidiary \| Black Scholes model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value		$ 2	$ 1
Equity securities \| Insurance Subsidiary \| Minimum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes		44.00%
Equity securities \| Insurance Subsidiary \| Minimum \| Discounted cash flow \| Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities		0.1337
Equity securities \| Insurance Subsidiary \| Minimum \| Black Scholes model \| Risk Free Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities		0.0050	0.0029
Equity securities \| Insurance Subsidiary \| Minimum \| Black Scholes model \| Strike Price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities		1.50	1.50
Equity securities \| Insurance Subsidiary \| Minimum \| Black Scholes model \| Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities		1.5000	0.0100
Equity securities \| Insurance Subsidiary \| Minimum \| Black Scholes model \| Dividend Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities		0	0
Equity securities \| Insurance Subsidiary \| Maximum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes		100.00%
Equity securities \| Insurance Subsidiary \| Maximum \| Discounted cash flow \| Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities		0.1337
Equity securities \| Insurance Subsidiary \| Maximum \| Black Scholes model \| Risk Free Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities		0.0050	0.0029
Equity securities \| Insurance Subsidiary \| Maximum \| Black Scholes model \| Strike Price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities		1.50	1.50
Equity securities \| Insurance Subsidiary \| Maximum \| Black Scholes model \| Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities		1.5000	0.0100
Equity securities \| Insurance Subsidiary \| Maximum \| Black Scholes model \| Dividend Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities		0	0
Equity securities \| Insurance Subsidiary \| Weighted Average \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes		78.00%
Equity securities \| Insurance Subsidiary \| Weighted Average \| Discounted cash flow \| Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities		0.1337
Equity securities \| Insurance Subsidiary \| Weighted Average \| Black Scholes model \| Risk Free Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities		0.0050	0.0029
Equity securities \| Insurance Subsidiary \| Weighted Average \| Black Scholes model \| Strike Price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities		1.50	1.50
Equity securities \| Insurance Subsidiary \| Weighted Average \| Black Scholes model \| Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities		1.5000	0.0100
Equity securities \| Insurance Subsidiary \| Weighted Average \| Black Scholes model \| Dividend Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities		0	0
Other long-term investments \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value			$ 27
Market value of fund	100.00%
Other long-term investments \| Black Scholes model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value		$ 31
Market value of fund		100.00%
Credit linked note \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value		$ 20	23
Offered quotes	100.00%	100.00%
Future policy benefits \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Liabilities, fair value			$ 5
Risk margin to reflect uncertainty	0.50%
Future policy benefits \| Minimum \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non-performance spread	0.00%

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Changes to Fair Value of Financial Instruments Level 3 (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2018
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	$ 4,400	$ 2,920	$ 3,267	$ 138
F&G Acquisition				2,754
Assets, Total Gains (Losses) Included in Earnings	(2)	1	12	(63)
Assets, Total Gains (Losses) Included in AOCI	11	46	(19)	68
Assets, Purchases	1,417	128	2,959	220
Assets, Sales	(111)	(1)	(119)	(1)
Assets, Settlements	(568)	(154)	(913)	(177)
Assets, Net transfer In (Out) of Level 3	(44)	(90)	(84)	(89)
Balance at End of Period	5,103	2,850	5,103	2,850
Change in Unrealized Gains (Losses) Incl in OCI	11	48	93	73
Liabilities
Balance at Beginning of Period	3,759	2,957	3,409	0
F&G Acquisition				2,857
Liabilities, Total Gains (Losses) Included in Earnings	(320)	209	35	309
Liabilities, Total Gains (Losses) Included in AOCI	0	0	0	0
Liabilities, Purchases	0	0	0	0
Liabilities, Sales	0	0	(4)	0
Liabilities, Settlements	0	0	(1)	0
Liabilities, Net transfer In (Out) of Level 3	0	0	0	0
Balance at End of Period	3,439	3,166	3,439	3,166
Change in Unrealized Gains (Losses) Incl in OCI	0	0	0	0
Future policy benefits
Liabilities
Balance at Beginning of Period		5	5	0
F&G Acquisition				5
Liabilities, Total Gains (Losses) Included in Earnings		0	0	0
Liabilities, Total Gains (Losses) Included in AOCI		0	0	0
Liabilities, Purchases		0	0	0
Liabilities, Sales		0	(4)	0
Liabilities, Settlements		0	(1)	0
Liabilities, Net transfer In (Out) of Level 3		0	0	0
Balance at End of Period	0	5	0	5
Change in Unrealized Gains (Losses) Incl in OCI		0	0	0
FIA embedded derivatives, included in contractholder funds
Liabilities
Balance at Beginning of Period	3,759	2,952	3,404	0
F&G Acquisition				2,852
Liabilities, Total Gains (Losses) Included in Earnings	(320)	209	35	309
Liabilities, Total Gains (Losses) Included in AOCI	0	0	0	0
Liabilities, Purchases	0	0	0	0
Liabilities, Sales	0	0	0	0
Liabilities, Settlements	0	0	0	0
Liabilities, Net transfer In (Out) of Level 3	0	0	0	0
Balance at End of Period	3,439	3,161	3,439	3,161
Change in Unrealized Gains (Losses) Incl in OCI		0	0	0
Asset-backed securities
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	2,309	1,016	1,350	0
F&G Acquisition				854
Assets, Total Gains (Losses) Included in Earnings	(1)	(1)	(1)	(1)
Assets, Total Gains (Losses) Included in AOCI	14	11	11	20
Assets, Purchases	1,188	118	2,359	209
Assets, Sales	(97)	(1)	(97)	(1)
Assets, Settlements	(125)	(109)	(307)	(114)
Assets, Net transfer In (Out) of Level 3	(44)	(90)	(71)	(23)
Balance at End of Period	3,244	944	3,244	944
Change in Unrealized Gains (Losses) Incl in OCI	11	12	25	21
Commercial mortgage-backed securities
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	25	26	26	0
F&G Acquisition				26
Assets, Total Gains (Losses) Included in Earnings	0	0	0	0
Assets, Total Gains (Losses) Included in AOCI	(1)	0	(2)	0
Assets, Purchases	12	0	12	0
Assets, Sales	0	0	0	0
Assets, Settlements	0	0	0	0
Assets, Net transfer In (Out) of Level 3	0	0	0	0
Balance at End of Period	36	26	36	26
Change in Unrealized Gains (Losses) Incl in OCI	0	1	1	1
Corporates
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	1,201	1,264	1,289	17
F&G Acquisition				1,238
Assets, Total Gains (Losses) Included in Earnings	(1)	(1)	8	(4)
Assets, Total Gains (Losses) Included in AOCI	(3)	21	(29)	47
Assets, Purchases	19	3	76	3
Assets, Sales	(14)	0	(22)	0
Assets, Settlements	(89)	(20)	(196)	(34)
Assets, Net transfer In (Out) of Level 3	0	0	(13)	0
Balance at End of Period	1,113	1,267	1,113	1,267
Change in Unrealized Gains (Losses) Incl in OCI	(2)	19	35	45
Hybrids
Fixed maturity securities available-for-sale:
Balance at Beginning of Period		4	4	0
F&G Acquisition				4
Assets, Total Gains (Losses) Included in Earnings		0	0	0
Assets, Total Gains (Losses) Included in AOCI		0	0	0
Assets, Purchases		0	0	0
Assets, Sales		0	0	0
Assets, Settlements		0	(4)	0
Assets, Net transfer In (Out) of Level 3		0	0	0
Balance at End of Period	0	4	0	4
Change in Unrealized Gains (Losses) Incl in OCI		0	0	0
Municipals
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	43	40	43	0
F&G Acquisition				38
Assets, Total Gains (Losses) Included in Earnings	0	0	0	0
Assets, Total Gains (Losses) Included in AOCI	0	2	0	4
Assets, Purchases	0	0	0	0
Assets, Sales	0	0	0	0
Assets, Settlements	0	0	0	0
Assets, Net transfer In (Out) of Level 3	0	0	0	0
Balance at End of Period	43	42	43	42
Change in Unrealized Gains (Losses) Incl in OCI	0	2	7	5
Residential mortgage-backed securities
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	443	509	483	0
F&G Acquisition				534
Assets, Total Gains (Losses) Included in Earnings	0	0	0	0
Assets, Total Gains (Losses) Included in AOCI	(3)	12	(1)	(3)
Assets, Purchases	4	5	14	6
Assets, Sales	0	0	0	0
Assets, Settlements	(50)	(25)	(102)	(29)
Assets, Net transfer In (Out) of Level 3	0	0	0	(7)
Balance at End of Period	394	501	394	501
Change in Unrealized Gains (Losses) Incl in OCI	1	14	22	1
Foreign Governments
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	17	16	17	0
F&G Acquisition				16
Assets, Total Gains (Losses) Included in Earnings	0	0	0	0
Assets, Total Gains (Losses) Included in AOCI	1	0	1	0
Assets, Purchases	0	0	0	0
Assets, Sales	0	0	0	0
Assets, Settlements	0	0	0	0
Assets, Net transfer In (Out) of Level 3	0	0	0	0
Balance at End of Period	18	16	18	16
Change in Unrealized Gains (Losses) Incl in OCI	0	0	2	0
Short-Term
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	303		0
Assets, Total Gains (Losses) Included in Earnings	0		0
Assets, Total Gains (Losses) Included in AOCI	1		2
Assets, Purchases	192		494
Assets, Sales	0		0
Assets, Settlements	(304)		(304)
Assets, Net transfer In (Out) of Level 3	0		0
Balance at End of Period	192		192
Change in Unrealized Gains (Losses) Incl in OCI	1		1
Equity securities
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	10	1	5	1
F&G Acquisition				1
Assets, Total Gains (Losses) Included in Earnings	(1)	1	1	0
Assets, Total Gains (Losses) Included in AOCI	1	0	2	0
Assets, Purchases	2	2	4	2
Assets, Sales	0	0	0	0
Assets, Settlements	0	0	0	0
Assets, Net transfer In (Out) of Level 3	0	0	0	0
Balance at End of Period	12	4	12	4
Change in Unrealized Gains (Losses) Incl in OCI	0	0	0	0
Available-for-sale embedded derivative
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	30	21	27	0
F&G Acquisition				20
Assets, Total Gains (Losses) Included in Earnings	1	2	4	3
Assets, Total Gains (Losses) Included in AOCI	0	0	0	0
Assets, Purchases	0	0	0	0
Assets, Sales	0	0	0	0
Assets, Settlements	0	0	0	0
Assets, Net transfer In (Out) of Level 3	0	0	0	0
Balance at End of Period	31	23	31	23
Change in Unrealized Gains (Losses) Incl in OCI	0	0	0	0
Other long-term investments
Fixed maturity securities available-for-sale:
Balance at Beginning of Period		120
F&G Acquisition				0
Assets, Total Gains (Losses) Included in Earnings				(61)
Assets, Total Gains (Losses) Included in AOCI				0
Assets, Purchases				0
Assets, Sales				0
Assets, Settlements				0
Assets, Net transfer In (Out) of Level 3				(59)
Balance at End of Period		0		0
Change in Unrealized Gains (Losses) Incl in OCI				0
Credit linked note
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	19	23	23	0
F&G Acquisition					$ 23
Assets, Total Gains (Losses) Included in Earnings	0	0	0		0
Assets, Total Gains (Losses) Included in AOCI	1	0	(3)		0
Assets, Purchases	0	0	0		0
Assets, Sales	0	0	0		0
Assets, Settlements	0	0	0		$ 0
Assets, Net transfer In (Out) of Level 3	0	0	0	0
Balance at End of Period	20	23	20	23
Change in Unrealized Gains (Losses) Incl in OCI	$ 0	$ 0	$ 0	$ 0

Fair Value of Financial Instr_7

Fair Value of Financial Instruments - Carrying Value and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Assets
Trade and notes receivables, net of allowance	$ 523	$ 437
Fair Value
Assets
FHLB common stock	72	66
Commercial mortgage loans	2,011	926
Residential mortgage loans	1,473	1,123
Policy loans	37	33
Other invested assets	5	28
Company-owned life insurance	327	305
Trade and notes receivables, net of allowance	523	437
Assets, carried on Balance Sheet at amounts other than fair value	4,448	2,918
Liabilities
Liabilities Related to Investment Contracts, Fair Value Disclosure	26,953	21,719
Debt instrument	3,247	2,896
Liabilities, carried on Balance Sheet at amounts other than fair value	30,200	24,615
Carrying Value
Assets
FHLB common stock	72	66
Commercial mortgage loans	1,984	903
Residential mortgage loans	1,500	1,128
Policy loans	37	33
Other invested assets	5	28
Company-owned life insurance	327	305
Trade and notes receivables, net of allowance	523	437
Assets, carried on Balance Sheet at amounts other than fair value	4,448	2,900
Liabilities
Liabilities Related to Investment Contracts, Fair Value Disclosure	30,425	25,199
Debt instrument	3,097	2,662
Liabilities, carried on Balance Sheet at amounts other than fair value	33,522	27,861
Level 1
Assets
FHLB common stock	0	0
Commercial mortgage loans	0	0
Residential mortgage loans	0	0
Policy loans	0	0
Other invested assets	0	0
Company-owned life insurance	0	0
Trade and notes receivables, net of allowance	0	0
Assets, carried on Balance Sheet at amounts other than fair value	0	0
Liabilities
Liabilities Related to Investment Contracts, Fair Value Disclosure	0	0
Debt instrument	0	0
Liabilities, carried on Balance Sheet at amounts other than fair value	0	0
Level 2
Assets
FHLB common stock	72	66
Commercial mortgage loans	0	0
Residential mortgage loans	0	0
Policy loans	0	0
Other invested assets	0	0
Company-owned life insurance	0	0
Trade and notes receivables, net of allowance	0	0
Assets, carried on Balance Sheet at amounts other than fair value	72	66
Liabilities
Liabilities Related to Investment Contracts, Fair Value Disclosure	0	0
Debt instrument	3,247	2,896
Liabilities, carried on Balance Sheet at amounts other than fair value	3,247	2,896
Level 3
Assets
FHLB common stock	0	0
Commercial mortgage loans	2,011	926
Residential mortgage loans	1,473	1,123
Policy loans	37	33
Other invested assets	5	28
Company-owned life insurance	327	305
Trade and notes receivables, net of allowance	523	437
Assets, carried on Balance Sheet at amounts other than fair value	4,376	2,852
Liabilities
Liabilities Related to Investment Contracts, Fair Value Disclosure	26,953	21,719
Debt instrument	0	0
Liabilities, carried on Balance Sheet at amounts other than fair value	$ 26,953	$ 21,719

Fair Value of Financial Instr_8

Fair Value of Financial Instruments - NAV (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Investments in unconsolidated affiliates	$ 2,160	$ 1,294
Fair Value Measured at Net Asset Value
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Equity securities (NAV)	35	0
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Investments in unconsolidated affiliates	138	146
Equity Method Investment, Nonconsolidated Investee or Group of Investees \| Fair Value Measured at Net Asset Value
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Investments in unconsolidated affiliates	$ 2,022	$ 1,148

Investments - Consolidated Inve

Investments - Consolidated Investments (Details) - USD ($) $ in Millions	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Available-for-sale securities
Total fixed maturity available-for-sale securities, Amortized Cost	$ 28,837		$ 25,577
Allowance for Expected Credit Losses	(8)	$ (13)	(19)
Gross Unrealized Gains	1,797		2,068
Gross Unrealized Losses	(191)		(39)
Fair Value/ Carrying Value	30,435		27,587
Asset-backed securities
Available-for-sale securities
Total fixed maturity available-for-sale securities, Amortized Cost	7,916		5,941
Allowance for Expected Credit Losses	(3)	(4)	0
Gross Unrealized Gains	293		343
Gross Unrealized Losses	(15)		(18)
Fair Value/ Carrying Value	8,191		6,266
Commercial mortgage-backed securities
Available-for-sale securities
Total fixed maturity available-for-sale securities, Amortized Cost	2,619		2,490
Allowance for Expected Credit Losses	(1)	(1)	0
Gross Unrealized Gains	411		342
Gross Unrealized Losses	(5)		(3)
Fair Value/ Carrying Value	3,024		2,829
Corporates
Available-for-sale securities
Total fixed maturity available-for-sale securities, Amortized Cost	14,441		13,582
Allowance for Expected Credit Losses	0	(5)	(16)
Gross Unrealized Gains	887		1,184
Gross Unrealized Losses	(151)		(15)
Fair Value/ Carrying Value	15,177		14,735
Hybrids
Available-for-sale securities
Total fixed maturity available-for-sale securities, Amortized Cost	834		914
Allowance for Expected Credit Losses	0		0
Gross Unrealized Gains	89		80
Gross Unrealized Losses	0		0
Fair Value/ Carrying Value	923		994
Municipals
Available-for-sale securities
Total fixed maturity available-for-sale securities, Amortized Cost	1,306		1,333
Allowance for Expected Credit Losses	0		0
Gross Unrealized Gains	71		72
Gross Unrealized Losses	(9)		(2)
Fair Value/ Carrying Value	1,368		1,403
Residential mortgage-backed securities
Available-for-sale securities
Total fixed maturity available-for-sale securities, Amortized Cost	714		806
Allowance for Expected Credit Losses	(4)	$ (3)	(3)
Gross Unrealized Gains	33		23
Gross Unrealized Losses	(2)		(1)
Fair Value/ Carrying Value	741		825
U.S. Government
Available-for-sale securities
Total fixed maturity available-for-sale securities, Amortized Cost	808		332
Allowance for Expected Credit Losses	0		0
Gross Unrealized Gains	5		10
Gross Unrealized Losses	(8)		0
Fair Value/ Carrying Value	805		342
Foreign Governments
Available-for-sale securities
Total fixed maturity available-for-sale securities, Amortized Cost	199		179
Allowance for Expected Credit Losses	0		0
Gross Unrealized Gains	8		14
Gross Unrealized Losses	(1)		0
Fair Value/ Carrying Value	$ 206		$ 193

Investments - Narrative (Detail

Investments - Narrative (Details) $ in Millions	9 Months Ended
Investments - Narrative (Details) $ in Millions	Sep. 30, 2021USD ($)investmentshares	Dec. 31, 2020USD ($)shares
Debt Securities, Available-for-sale [Line Items]
Accrued interest receivable	$ 255	$ 235
FHLB collateral pledged	$ 2,278	$ 1,622
Commercial mortgage loans, percentage of investments	6.00%
DSC ratio, amortization period	25 years
Number of investments \| investment	1
Cannae Holdings Inc. \| Equity securities
Debt Securities, Available-for-sale [Line Items]
Investment owned, (in shares) \| shares	5,775,598	5,706,134
Investment owned, at fair value	$ 180	$ 253
Residential mortgage loans
Debt Securities, Available-for-sale [Line Items]
Percentage of total investments	100.00%	100.00%
Loans over 90 days past due	$ 1,524	$ 1,159
Over 90 days past due \| Residential mortgage loans
Debt Securities, Available-for-sale [Line Items]
Loans over 90 days past due	80	103
Loans in process of foreclosure	$ 48	24
United States
Debt Securities, Available-for-sale [Line Items]
Residential mortgage loans, location percentage	100.00%
Available-for-sale Securities
Debt Securities, Available-for-sale [Line Items]
Assets held by insurance regulators	$ 21,198	$ 16,714
Residential Mortgage
Debt Securities, Available-for-sale [Line Items]
Percentage of total investments	4.00%

Investments - Amortized Cost an

Investments - Amortized Cost and Fair Value of Fixed Maturity Available-for-Sale Securities (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Total fixed maturity available-for-sale securities, Amortized Cost	$ 28,837	$ 25,577
Total fixed maturity available-for-sale securities, Fair Value	30,435	27,587
Other Securities that Provide Periodic Payments
Debt Securities, Available-for-sale [Line Items]
Other securities which provide for periodic payments, Amortized Cost	11,275
Other securities which provide for periodic payments, Fair Value	11,987
Corporates, Non-structured Hybrids, Municipal and Government securities:
Debt Securities, Available-for-sale [Line Items]
Due in one year or less, Amortized Cost	387
Due after one year through five years, Amortized Cost	2,668
Due after five years through ten years, Amortized Cost	2,593
Due after ten years, Amortized Cost	11,914
Subtotal, Amortized Cost	17,562
Due in one year or less, Fair Value	391
Due after one year through five years, Fair Value	2,758
Due after five years through ten years, Fair Value	2,683
Due after ten years, Fair Value	12,616
Subtotal, Fair Value	18,448
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Other securities which provide for periodic payments, Amortized Cost	7,916
Total fixed maturity available-for-sale securities, Amortized Cost	7,916	5,941
Other securities which provide for periodic payments, Fair Value	8,190
Total fixed maturity available-for-sale securities, Fair Value	8,191	6,266
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Other securities which provide for periodic payments, Amortized Cost	2,619
Total fixed maturity available-for-sale securities, Amortized Cost	2,619	2,490
Other securities which provide for periodic payments, Fair Value	3,024
Total fixed maturity available-for-sale securities, Fair Value	3,024	$ 2,829
Structured hybrids
Debt Securities, Available-for-sale [Line Items]
Other securities which provide for periodic payments, Amortized Cost	26
Other securities which provide for periodic payments, Fair Value	32
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Other securities which provide for periodic payments, Amortized Cost	714
Other securities which provide for periodic payments, Fair Value	$ 741

Investments - Allowance for Cre

Investments - Allowance for Credit Loss Aggregated By Investment Category (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	$ (13)	$ (19)
For credit losses on securities for which losses were not previously recorded	0	(1)
For initial credit losses on purchased securities accounted for as PCD financial assets	0	(1)
(Additions) reductions in allowance recorded on previously impaired securities	0	1
For securities sold during the period	0	0
For securities intended/required to be sold prior to recovery of amortized cost basis	0	0
Write-offs charged against the allowance	5	8
Recoveries of amounts previously written off	0	4
Balance at End of Period	(8)	(8)
Asset-backed securities
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	(4)	0
For credit losses on securities for which losses were not previously recorded	0	0
For initial credit losses on purchased securities accounted for as PCD financial assets	0	(1)
(Additions) reductions in allowance recorded on previously impaired securities	1	(2)
For securities sold during the period	0	0
For securities intended/required to be sold prior to recovery of amortized cost basis	0	0
Write-offs charged against the allowance	0	0
Recoveries of amounts previously written off	0	0
Balance at End of Period	(3)	(3)
Commercial mortgage-backed securities
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	(1)	0
For credit losses on securities for which losses were not previously recorded	0	(1)
For initial credit losses on purchased securities accounted for as PCD financial assets	0	0
(Additions) reductions in allowance recorded on previously impaired securities	0	0
For securities sold during the period	0	0
For securities intended/required to be sold prior to recovery of amortized cost basis	0	0
Write-offs charged against the allowance	0	0
Recoveries of amounts previously written off	0	0
Balance at End of Period	(1)	(1)
Corporates
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	(5)	(16)
For credit losses on securities for which losses were not previously recorded	0	0
For initial credit losses on purchased securities accounted for as PCD financial assets	0	0
(Additions) reductions in allowance recorded on previously impaired securities	0	4
For securities sold during the period	0	0
For securities intended/required to be sold prior to recovery of amortized cost basis	0	0
Write-offs charged against the allowance	5	8
Recoveries of amounts previously written off	0	4
Balance at End of Period	0	0
Residential mortgage-backed securities
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	(3)	(3)
For credit losses on securities for which losses were not previously recorded	0	0
For initial credit losses on purchased securities accounted for as PCD financial assets	0	0
(Additions) reductions in allowance recorded on previously impaired securities	(1)	(1)
For securities sold during the period	0	0
For securities intended/required to be sold prior to recovery of amortized cost basis	0	0
Write-offs charged against the allowance	0	0
Recoveries of amounts previously written off	0	0
Balance at End of Period	$ (4)	$ (4)

Investments - Purchased with Cr

Investments - Purchased with Credit Deterioration Available for Sale Debt Securities (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Purchase price	$ 0	$ 4
Allowance for credit losses at acquisition	0	1
AFS purchased credit-deteriorated par value	$ 0	$ 5

Investments - Fair Value and Gr

Investments - Fair Value and Gross Unrealized Losses of Available-for-Sale Securities (Details) $ in Millions	Sep. 30, 2021USD ($)security	Dec. 31, 2020USD ($)security
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Fair Values, Less than 12 months	$ 6,781	$ 1,550
Gross Unrealized Losses Less than 12 months	(161)	(39)
Fair Value, 12 Months or longer	409	36
Gross Unrealized Losses, 12 months or longer	(30)	0
Total Fair Value	7,190	1,586
Total Gross Unrealized Losses	$ (191)	$ (39)
Total number of available-for-sale securities in an unrealized loss position less than twelve months \| security	916	222
Total number of available-for-sale securities in an unrealized loss position twelve months or longer \| security	53	11
Total number of available-for-sale securities in an unrealized loss position \| security	969	233
Asset-backed securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Fair Values, Less than 12 months	$ 1,462	$ 477
Gross Unrealized Losses Less than 12 months	(10)	(18)
Fair Value, 12 Months or longer	121	0
Gross Unrealized Losses, 12 months or longer	(5)	0
Total Fair Value	1,583	477
Total Gross Unrealized Losses	(15)	(18)
Commercial mortgage-backed securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Fair Values, Less than 12 months	258	51
Gross Unrealized Losses Less than 12 months	(4)	(3)
Fair Value, 12 Months or longer	3	0
Gross Unrealized Losses, 12 months or longer	(2)	0
Total Fair Value	261	51
Total Gross Unrealized Losses	(6)	(3)
Corporates
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Fair Values, Less than 12 months	4,190	865
Gross Unrealized Losses Less than 12 months	(130)	(15)
Fair Value, 12 Months or longer	219	36
Gross Unrealized Losses, 12 months or longer	(20)	0
Total Fair Value	4,409	901
Total Gross Unrealized Losses	(150)	(15)
Hybrids
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Fair Values, Less than 12 months	2	1
Gross Unrealized Losses Less than 12 months	0	0
Fair Value, 12 Months or longer	0	0
Gross Unrealized Losses, 12 months or longer	0	0
Total Fair Value	2	1
Total Gross Unrealized Losses	0	0
Municipals
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Fair Values, Less than 12 months	234	115
Gross Unrealized Losses Less than 12 months	(7)	(2)
Fair Value, 12 Months or longer	53	0
Gross Unrealized Losses, 12 months or longer	(2)	0
Total Fair Value	287	115
Total Gross Unrealized Losses	(9)	(2)
Residential mortgage-backed securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Fair Values, Less than 12 months	55	30
Gross Unrealized Losses Less than 12 months	(1)	(1)
Fair Value, 12 Months or longer	11	0
Gross Unrealized Losses, 12 months or longer	(1)	0
Total Fair Value	66	30
Total Gross Unrealized Losses	(2)	(1)
U.S. Government
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Fair Values, Less than 12 months	567	11
Gross Unrealized Losses Less than 12 months	(8)	0
Fair Value, 12 Months or longer	2	0
Gross Unrealized Losses, 12 months or longer	0	0
Total Fair Value	569	11
Total Gross Unrealized Losses	(8)	$ 0
Foreign Governments
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Fair Values, Less than 12 months	13
Gross Unrealized Losses Less than 12 months	(1)
Fair Value, 12 Months or longer	0
Gross Unrealized Losses, 12 months or longer	0
Total Fair Value	13
Total Gross Unrealized Losses	$ (1)

Investments - Schedule of Comme

Investments - Schedule of Commercial Mortgage Loan Investment (Details) - USD ($) $ in Millions	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Jun. 01, 2020
Schedule of Investments [Line Items]
Allowance for expected credit loss	$ (33)	$ (34)	$ (39)	$ (35)	$ (27)	$ 0
Total mortgage loans	3,484		2,031
Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	1,990		905
Allowance for expected credit loss	(6)	$ (6)	(2)	$ (2)	$ (1)	$ 0
Total mortgage loans	$ 1,984		$ 903
% of Total	100.00%		100.00%
East North Central \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 50		$ 61
% of Total	3.00%		7.00%
East South Central \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 80		$ 80
% of Total	4.00%		9.00%
Middle Atlantic \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 246		$ 100
% of Total	11.00%		11.00%
Mountain \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 171		$ 48
% of Total	9.00%		5.00%
New England \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 144		$ 79
% of Total	7.00%		9.00%
Pacific \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 630		$ 333
% of Total	32.00%		37.00%
South Atlantic \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 416		$ 133
% of Total	21.00%		15.00%
West North Central \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 12		$ 13
% of Total	1.00%		1.00%
West South Central \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 159		$ 58
% of Total	8.00%		6.00%
Various \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 82
% of Total	4.00%
Hotel \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 19		$ 19
% of Total	1.00%		2.00%
Industrial - General \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 486		$ 302
% of Total	24.00%		33.00%
Industrial - Warehouse \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 13		$ 12
% of Total	1.00%		1.00%
Multifamily \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 791		$ 165
% of Total	40.00%		18.00%
Office \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 127		$ 140
% of Total	6.00%		15.00%
Retail \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 303		$ 142
% of Total	15.00%		17.00%
Other \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 168		$ 125
% of Total	9.00%		14.00%
Student Housing \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 83
% of Total	4.00%

Investments - Recorded Investme

Investments - Recorded Investment in CMLs by LTV and DSC Ratio Categories (Details) - Commercial mortgage loans - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Unpaid Principal Balance	$ 1,990	$ 905
% of Total	100.00%	100.00%
Fair Value
Debt Securities, Available-for-sale [Line Items]
Unpaid Principal Balance	$ 2,010	$ 927
% of Total	100.00%	100.00%
Greater than 1.25
Debt Securities, Available-for-sale [Line Items]
Unpaid Principal Balance	$ 1,791	$ 878
1.00 - 1.25
Debt Securities, Available-for-sale [Line Items]
Unpaid Principal Balance	33	27
Greater than 1.00
Debt Securities, Available-for-sale [Line Items]
Unpaid Principal Balance	166	0
LTV Less Than 50 %
Debt Securities, Available-for-sale [Line Items]
Unpaid Principal Balance	$ 640	$ 538
% of Total	32.00%	60.00%
LTV Less Than 50 % \| Fair Value
Debt Securities, Available-for-sale [Line Items]
Unpaid Principal Balance	$ 661	$ 557
% of Total	33.00%	60.00%
LTV Less Than 50 % \| Greater than 1.25
Debt Securities, Available-for-sale [Line Items]
Unpaid Principal Balance	$ 441	$ 520
LTV Less Than 50 % \| 1.00 - 1.25
Debt Securities, Available-for-sale [Line Items]
Unpaid Principal Balance	33	18
LTV Less Than 50 % \| Greater than 1.00
Debt Securities, Available-for-sale [Line Items]
Unpaid Principal Balance	166	0
LTV 50 to 60%
Debt Securities, Available-for-sale [Line Items]
Unpaid Principal Balance	$ 386	$ 246
% of Total	19.00%	27.00%
LTV 50 to 60% \| Fair Value
Debt Securities, Available-for-sale [Line Items]
Unpaid Principal Balance	$ 394	$ 251
% of Total	20.00%	27.00%
LTV 50 to 60% \| Greater than 1.25
Debt Securities, Available-for-sale [Line Items]
Unpaid Principal Balance	$ 386	$ 237
LTV 50 to 60% \| 1.00 - 1.25
Debt Securities, Available-for-sale [Line Items]
Unpaid Principal Balance	0	9
LTV 50 to 60% \| Greater than 1.00
Debt Securities, Available-for-sale [Line Items]
Unpaid Principal Balance	0	0
LTV 60% to 75%
Debt Securities, Available-for-sale [Line Items]
Unpaid Principal Balance	$ 964	$ 121
% of Total	49.00%	13.00%
LTV 60% to 75% \| Fair Value
Debt Securities, Available-for-sale [Line Items]
Unpaid Principal Balance	$ 955	$ 119
% of Total	47.00%	13.00%
LTV 60% to 75% \| Greater than 1.25
Debt Securities, Available-for-sale [Line Items]
Unpaid Principal Balance	$ 964	$ 121
LTV 60% to 75% \| 1.00 - 1.25
Debt Securities, Available-for-sale [Line Items]
Unpaid Principal Balance	0	0
LTV 60% to 75% \| Greater than 1.00
Debt Securities, Available-for-sale [Line Items]
Unpaid Principal Balance	$ 0	$ 0

Investments - Schedule of Resid

Investments - Schedule of Residential Mortgage Loan Investment (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Residential mortgage loans
Unpaid Principal Balance	$ 1,527	$ 1,165
% of Total	100.00%	100.00%
Total Mortgage Loans
Unpaid Principal Balance	$ 1,500	$ 1,152
California \| Residential mortgage loans
Unpaid Principal Balance		$ 164
% of Total		15.00%
Florida \| Residential mortgage loans
Unpaid Principal Balance	$ 216	$ 188
% of Total	14.00%	16.00%
Texas \| Residential mortgage loans
Unpaid Principal Balance	$ 154
% of Total	10.00%
New Jersey \| Residential mortgage loans
Unpaid Principal Balance	$ 147	$ 96
% of Total	10.00%	8.00%
All Other States \| Residential mortgage loans
Unpaid Principal Balance	$ 983	$ 704
% of Total	66.00%	61.00%

Investments - Credit Quality of

Investments - Credit Quality of RMLs (Details) - USD ($) $ in Millions	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Jun. 01, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Allowance for expected loan loss	$ (33)	$ (34)	$ (39)	$ (35)	$ (27)	$ 0
Total mortgage loans	3,484		2,031
Residential mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Carrying Value	1,527		1,165
Allowance for expected loan loss	(27)	$ (28)	(37)	$ (33)	$ (26)	$ 0
Total mortgage loans	$ 1,500		$ 1,128
Allowance % of Total	0.00%		0.00%
% of Total	100.00%		100.00%
Residential mortgage loans \| Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Carrying Value	$ 1,429		$ 1,059
% of Total	94.00%		91.00%
Residential mortgage loans \| Non-performing
Financing Receivable, Credit Quality Indicator [Line Items]
Carrying Value	$ 98		$ 106
% of Total	6.00%		9.00%

Investments - Loans Segregated

Investments - Loans Segregated by Risk Rating (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Amortized cost of loans on non-accrual
Total non-accrual loans	$ 80	$ 99
Residential mortgages
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2021	633	339
2020	353	641
2019	421	73
2018	59	42
2017	37	62
Prior	21	2
Total	1,524	1,159
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2020	633	339
2019	353	641
2018	421	73
2017	59	42
2016	37	62
Prior	21	2
Total	1,524	1,159
Amortized cost of loans on non-accrual
Total non-accrual loans	80	99
Residential mortgages \| Current (less than 30 days past due)
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2021	623	311
2020	310	545
2019	334	68
2018	56	42
2017	36	62
Prior	19	2
Total	1,378	1,030
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2020	623	311
2019	310	545
2018	334	68
2017	56	42
2016	36	62
Prior	19	2
Total	1,378	1,030
Residential mortgages \| 30-89 days past due
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2021	10	2
2020	14	22
2019	39	2
2018	0	0
2017	1	0
Prior	2	0
Total	66	26
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2020	10	2
2019	14	22
2018	39	2
2017	0	0
2016	1	0
Prior	2	0
Total	66	26
Residential mortgages \| Over 90 days past due
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2021	0	26
2020	29	74
2019	48	3
2018	3	0
2017	0	0
Prior	0	0
Total	80	103
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2020	0	26
2019	29	74
2018	48	3
2017	3	0
2016	0	0
Prior	0	0
Total	80	103
Commercial mortgages
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2021	1,111	542
2020	543	0
2019	0	6
2018	6	0
2017	0	11
Prior	330	346
Total	1,990	905
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2020	1,111	542
2019	543	0
2018	0	6
2017	6	0
2016	0	11
Prior	330	346
Total	1,990	905
Amortized cost of loans on non-accrual
Total non-accrual loans	0	0
Commercial mortgages \| Greater than 1.25x
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2021	1,079	542
2020	417	0
2019	0	6
2018	4	0
2017	0	11
Prior	290	319
Total	1,790	878
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2020	1,079	542
2019	417	0
2018	0	6
2017	4	0
2016	0	11
Prior	290	319
Total	1,790	878
Commercial mortgages \| 1.00x - 1.25x
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2021	0	0
2020	0	0
2019	0	0
2018	2	0
2017	0	0
Prior	31	27
Total	33	27
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2020	0	0
2019	0	0
2018	0	0
2017	2	0
2016	0	0
Prior	31	27
Total	33	27
Commercial mortgages \| Less than 1.00x
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2021	32	0
2020	126	0
2019	0	0
2018	0	0
2017	0	0
Prior	9	0
Total	167	0
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2020	32	0
2019	126	0
2018	0	0
2017	0	0
2016	0	0
Prior	9	0
Total	167	0
Commercial mortgages \| LTV Less Than 50 %
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2021	85	228
2020	229	0
2019	0	6
2018	6	0
2017	0	0
Prior	320	303
Total	640	537
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2020	85	228
2019	229	0
2018	0	6
2017	6	0
2016	0	0
Prior	320	303
Total	640	537
Commercial mortgages \| LTV 50 to 60%
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2021	184	192
2020	192	0
2019	0	0
2018	0	0
2017	0	11
Prior	10	43
Total	386	246
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2020	184	192
2019	192	0
2018	0	0
2017	0	0
2016	0	11
Prior	10	43
Total	386	246
Commercial mortgages \| LTV 60% to 75%
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2021	842	122
2020	122	0
2019	0	0
2018	0	0
2017	0	0
Prior	0	0
Total	964	122
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2020	842	122
2019	122	0
2018	0	0
2017	0	0
2016	0	0
Prior	0	0
Total	964	122
Commercial mortgages \| Current (less than 30 days past due)
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2021	1,111	542
2020	543	0
2019	0	6
2018	6	0
2017	0	11
Prior	330	346
Total	1,990	905
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2020	1,111	542
2019	543	0
2018	0	6
2017	6	0
2016	0	11
Prior	330	346
Total	1,990	905
Commercial mortgages \| 30-89 days past due
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior	0	0
Total	0	0
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2020	0	0
2019	0	0
2018	0	0
2017	0	0
2016	0	0
Prior	0	0
Total	0	0
Commercial mortgages \| Over 90 days past due
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior	0	0
Total	0	0
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2020	0	0
2019	0	0
2018	0	0
2017	0	0
2016	0	0
Prior	0	0
Total	$ 0	$ 0

Investments - Changes in Allowa

Investments - Changes in Allowance for Expected Credit Losses on Mortgage Loans (Details) - USD ($) $ in Millions	3 Months Ended		4 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2020	Sep. 30, 2021
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 34	$ 27		$ 39
Provision for loan losses	(1)	8	$ 28	(6)
For initial credit losses on purchased loans accounted for as PCD financial assets	0		7
Ending Balance	33	35	35	33
Residential Mortgage
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	28	26		37
Provision for loan losses	(1)	7	26	(10)
For initial credit losses on purchased loans accounted for as PCD financial assets	0		7
Ending Balance	27	33	33	27
Commercial Mortgage
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	6	1		2
Provision for loan losses	0	1	2	4
For initial credit losses on purchased loans accounted for as PCD financial assets		0	0
Ending Balance	$ 6	$ 2	$ 2	$ 6

Investments - Interest and Inve

Investments - Interest and Investment Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Schedule of Investments [Line Items]
Gross investment income	$ 551	$ 367	$ 1,549	$ 584
Investment expense	(43)	(31)	(125)	(43)
Interest and investment income	508	336	1,424	541
Fixed maturity securities, available-for-sale
Schedule of Investments [Line Items]
Gross investment income	313	286	944	419
Equity securities
Schedule of Investments [Line Items]
Gross investment income	6	5	16	14
Preferred securities
Schedule of Investments [Line Items]
Gross investment income	13	15	45	40
Mortgage loans
Schedule of Investments [Line Items]
Gross investment income	34	24	90	31
Invested cash and short-term investments
Schedule of Investments [Line Items]
Gross investment income	4	0	5	8
Limited partnerships
Schedule of Investments [Line Items]
Gross investment income	168	25	412	25
Tax deferred property exchange income
Schedule of Investments [Line Items]
Gross investment income	4	5	13	28
Other investments
Schedule of Investments [Line Items]
Gross investment income	$ 9	$ 7	$ 24	$ 19

Investments - Recognized Gains

Investments - Recognized Gains (Losses), net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Schedule of Investments [Line Items]
Net realized gains on fixed maturity available-for-sale securities	$ 22	$ 20	$ 75	$ 36
Realized gains (losses) on other invested assets	0	(10)	8	(23)
Change in allowance for expected credit losses	1	(11)	7	(35)
Realized gains on certain derivative instruments	138	30	318	39
Unrealized (losses) gains on certain derivative instruments	(141)	16	(34)	21
Change in fair value of reinsurance related embedded derivatives	23	(14)	23	(35)
Change in fair value of other derivatives and embedded derivatives	0	2	3	3
Realized gains on derivatives and embedded derivatives	20	34	310	28
Recognized gains and losses, net	(154)	73	121	(85)
Equity securities
Schedule of Investments [Line Items]
Net realized/unrealized (losses) gains on securities	(193)	(6)	(281)	(63)
Valuation (losses) gains	194	(1)	285	(56)
Preferred securities
Schedule of Investments [Line Items]
Net realized/unrealized (losses) gains on securities	(4)	46	2	(28)
Valuation (losses) gains	$ 1	$ (18)	$ (4)	$ 55

Investments - Proceeds From the

Investments - Proceeds From the Sale of Fixed-Maturity Available-For-Sale Securities (Details) - Total fixed maturities - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Debt Securities, Available-for-sale [Line Items]
Proceeds	$ 1,816	$ 493	$ 2,685	$ 1,007
Gross gains	30	24	98	53
Gross losses	$ (8)	$ (5)	$ (24)	$ (12)

Investments - VIE (Details)

Investments - VIE (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Schedule of Investments [Line Items]
Carrying Value	$ 13,950	$ 11,029
Maximum Loss Exposure	15,159	11,063
Limited Partnerships
Schedule of Investments [Line Items]
Carrying Value	2,022	1,156
Maximum Loss Exposure	2,950	1,550
Fixed Maturity Securities
Schedule of Investments [Line Items]
Carrying Value	11,928	9,873
Maximum Loss Exposure	$ 12,209	$ 9,513

Derivative Financial Instrume_3

Derivative Financial Instruments - Fair Value of Derivative Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Derivative [Line Items]
Total asset derivatives	$ 611	$ 575
Total liability derivatives	3,523	3,505
Call options \| Derivative investments
Derivative [Line Items]
Total asset derivatives	580	548
Futures contracts \| Derivative investments
Derivative [Line Items]
Total asset derivatives	0	0
Foreign currency forward \| Derivative investments
Derivative [Line Items]
Total asset derivatives	1	0
Other embedded derivatives \| Other long-term investments
Derivative [Line Items]
Total asset derivatives	30	27
FIA embedded derivative \| Contractholder funds
Derivative [Line Items]
Total liability derivatives	3,439	3,404
Reinsurance related embedded derivatives, included in accounts payable and accrued liabilities \| Accounts payable and accrued liabilities:
Derivative [Line Items]
Total liability derivatives	$ 84	$ 101

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Change in Fair Value of Derivative Instruments (Details) - USD ($) $ in Millions	3 Months Ended		4 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Derivative [Line Items]
Change in fair value of derivatives	$ 23	$ (14)		$ 23	$ (35)
Net investment gains (losses)
Derivative [Line Items]
Change in fair value of derivatives	19	34	$ 28	309
Call options \| Net investment gains (losses)
Derivative [Line Items]
Change in fair value of derivatives	(6)	43	55	273
Futures contracts \| Net investment gains (losses)
Derivative [Line Items]
Change in fair value of derivatives	0	7	9	4
Foreign currency forward \| Net investment gains (losses)
Derivative [Line Items]
Change in fair value of derivatives	3	(4)	(4)	7
Other embedded derivatives \| Net investment gains (losses)
Derivative [Line Items]
Change in fair value of derivatives	(1)	2	3	2
Reinsurance related embedded derivatives, included in accounts payable and accrued liabilities \| Net investment gains (losses)
Derivative [Line Items]
Change in fair value of derivatives	23	(14)	(35)	23
FIA embedded derivative
Derivative [Line Items]
Change in fair value of derivatives	$ (320)	$ 209	$ 309	$ 35

Derivative Financial Instrume_5

Derivative Financial Instruments - Narrative (Details) $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)contract	Dec. 31, 2020USD ($)contract
Embedded derivatives
Derivative [Line Items]
Term of contract, term one	1 year
Term of contract, term two	2 years
Term of contract, term three	3 years
Term of contract, term four	5 years
Call options \| Not Designated as Hedging Instrument
Derivative [Line Items]
Collateral posted	$ 582	$ 491
Maximum amount of loss due to credit risk	40	58
Call options \| Derivatives for Trading and Investment \| Not Designated as Hedging Instrument
Derivative [Line Items]
Collateral posted	582	491
Maximum amount of loss due to credit risk	40	58
Call options \| Cash and Cash Equivalents \| Not Designated as Hedging Instrument
Derivative [Line Items]
Collateral posted	$ 429	$ 415
Futures contracts
Derivative [Line Items]
Number of instruments held \| contract	354,000,000	384,000,000
Collateral held	$ 3	$ 4

Derivative Financial Instrume_6

Derivative Financial Instruments - FGL's Exposure to Credit Loss on Call Options Held (Detail) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Derivatives, Fair Value [Line Items]
Fair Value	$ 611	$ 575
Not Designated as Hedging Instrument \| Call options
Derivatives, Fair Value [Line Items]
Notional Amount	18,515	15,909
Fair Value	580	548
Collateral	582	491
Maximum amount of loss due to credit risk	40	58
Not Designated as Hedging Instrument \| Call options \| Merrill Lynch
Derivatives, Fair Value [Line Items]
Notional Amount	2,180	1,932
Fair Value	67	75
Collateral	27	32
Maximum amount of loss due to credit risk	40	43
Not Designated as Hedging Instrument \| Call options \| Morgan Stanley
Derivatives, Fair Value [Line Items]
Notional Amount	2,051	1,503
Fair Value	61	40
Collateral	67	41
Maximum amount of loss due to credit risk	0	0
Not Designated as Hedging Instrument \| Call options \| Barclay's Bank
Derivatives, Fair Value [Line Items]
Notional Amount	5,508	4,639
Fair Value	154	180
Collateral	165	169
Maximum amount of loss due to credit risk	0	11
Not Designated as Hedging Instrument \| Call options \| Canadian Imperial Bank of Commerce
Derivatives, Fair Value [Line Items]
Notional Amount	2,499	2,276
Fair Value	87	86
Collateral	94	85
Maximum amount of loss due to credit risk	0	1
Not Designated as Hedging Instrument \| Call options \| Wells Fargo
Derivatives, Fair Value [Line Items]
Notional Amount	2,575	2,900
Fair Value	87	106
Collateral	90	105
Maximum amount of loss due to credit risk	0	1
Not Designated as Hedging Instrument \| Call options \| Goldman Sachs
Derivatives, Fair Value [Line Items]
Notional Amount	383	634
Fair Value	11	15
Collateral	13	15
Maximum amount of loss due to credit risk	0	0
Not Designated as Hedging Instrument \| Call options \| Credit Suisse
Derivatives, Fair Value [Line Items]
Notional Amount	2,184	1,373
Fair Value	78	27
Collateral	89	25
Maximum amount of loss due to credit risk	0	2
Not Designated as Hedging Instrument \| Call options \| Truist
Derivatives, Fair Value [Line Items]
Notional Amount	1,135	652
Fair Value	35	19
Collateral	37	19
Maximum amount of loss due to credit risk	$ 0	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions	Aug. 17, 2020shares	Sep. 30, 2021USD ($)directorlawsuit	Dec. 31, 2020USD ($)
Other Commitments [Line Items]
Estimated litigation liability \| $		$ 12	$ 13
Number of Board of Directors on the litigation committee \| director		3
Matter of FGL Holdings
Other Commitments [Line Items]
Number of lawsuits filed \| lawsuit		2
Number of shares in which statutory appraisal rights have been claimed (in shares) \| shares	12,000,000

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Investment Commitments (Details) - Commitment to Invest $ in Millions	Sep. 30, 2021USD ($)
Other Commitments [Line Items]
Unfunded investment commitment	$ 2,255
Limited partnerships
Other Commitments [Line Items]
Unfunded investment commitment	928
Whole loans
Other Commitments [Line Items]
Unfunded investment commitment	741
Fixed Maturity securities, ABS
Other Commitments [Line Items]
Unfunded investment commitment	247
Other fixed maturity securities, AFS
Other Commitments [Line Items]
Unfunded investment commitment	105
Commercial mortgage loans
Other Commitments [Line Items]
Unfunded investment commitment	109
Other assets
Other Commitments [Line Items]
Unfunded investment commitment	111
Other invested assets
Other Commitments [Line Items]
Unfunded investment commitment	$ 14

Dividends (Details)

Dividends (Details) - $ / shares	Nov. 02, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Subsequent Event [Line Items]
Cash dividend per common share (in dollars per share)		$ 0.40	$ 0.33	$ 1.12	$ 0.99
Subsequent Event
Subsequent Event [Line Items]
Cash dividend per common share (in dollars per share)	$ 0.44

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Segment Reporting Information [Line Items]
Title premiums	$ 2,214	$ 1,714	$ 6,178	$ 4,351
Other revenues	1,324	853	3,123	2,201
Revenues from external customers	3,538	2,567	9,301	6,552
Interest and investment income, including recognized gains and losses, net	354	409	1,545	456
Total revenues	3,892	2,976	10,846	7,008
Depreciation and amortization	252	100	540	189
Interest expense	27	29	83	62
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of unconsolidated affiliates	926	539	2,396	854
Income tax expense (benefit)	213	133	555	194
Earnings before equity in earnings of unconsolidated affiliates	713	406	1,841	660
Equity in earnings (loss) of unconsolidated affiliates	27	7	54	9
Net earnings (loss) from continuing operations	740	413	1,895	669
Assets	58,506	49,885	58,506	49,885	$ 50,455
Goodwill	4,515	4,458	4,515	4,458	$ 4,495
Corporate and Other
Segment Reporting Information [Line Items]
Title premiums	0	0	0	0
Other revenues	44	51	133	114
Revenues from external customers	44	51	133	114
Interest and investment income, including recognized gains and losses, net	0	(1)	9	(3)
Total revenues	44	50	142	111
Depreciation and amortization	6	5	18	17
Interest expense	21	22	62	51
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of unconsolidated affiliates	(32)	(40)	(98)	(142)
Income tax expense (benefit)	(9)	(2)	(23)	(38)
Earnings before equity in earnings of unconsolidated affiliates	(23)	(38)	(75)	(104)
Equity in earnings (loss) of unconsolidated affiliates	1	2	6	1
Net earnings (loss) from continuing operations	(22)	(36)	(69)	(103)
Assets	1,789	1,062	1,789	1,062
Goodwill	266	266	266	266
Operating Segments \| Title
Segment Reporting Information [Line Items]
Title premiums	2,214	1,714	6,178	4,351
Other revenues	849	742	2,433	2,007
Revenues from external customers	3,063	2,456	8,611	6,358
Interest and investment income, including recognized gains and losses, net	(142)	28	(175)	(27)
Total revenues	2,921	2,484	8,436	6,331
Depreciation and amortization	36	39	103	113
Interest expense	0	0	0	1
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of unconsolidated affiliates	486	507	1,569	982
Income tax expense (benefit)	126	129	389	240
Earnings before equity in earnings of unconsolidated affiliates	360	378	1,180	742
Equity in earnings (loss) of unconsolidated affiliates	26	5	48	8
Net earnings (loss) from continuing operations	386	383	1,228	750
Assets	9,994	9,107	9,994	9,107
Goodwill	2,493	2,461	2,493	2,461
Operating Segments \| F&G
Segment Reporting Information [Line Items]
Title premiums	0	0	0	0
Other revenues	431	60	557	80
Revenues from external customers	431	60	557	80
Interest and investment income, including recognized gains and losses, net	496	382	1,711	486
Total revenues	927	442	2,268	566
Depreciation and amortization	210	56	419	59
Interest expense	6	7	21	10
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of unconsolidated affiliates	472	72	925	14
Income tax expense (benefit)	96	6	189	(8)
Earnings before equity in earnings of unconsolidated affiliates	376	66	736	22
Equity in earnings (loss) of unconsolidated affiliates	0	0	0	0
Net earnings (loss) from continuing operations	376	66	736	22
Assets	46,723	39,716	46,723	39,716
Goodwill	$ 1,756	$ 1,731	$ 1,756	$ 1,731

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash paid for:
Interest	$ 85	$ 47
Income taxes	488	191
Deferred sales inducements	65	25
Non-cash investing and financing activities:
Equity financing associated with the acquisition of F&G	0	609
Change in proceeds of sales of investments available for sale receivable in period	(215)	(67)
Change in purchases of investments available for sale payable in period	465	93
Lease liabilities recognized in exchange for lease right-of-use assets	32	39
Remeasurement of lease liabilities	$ 65	$ 39

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 737	$ 666	$ 2,148	$ 1,728
Interest and investment income	508	336	1,424	541
Recognized gains and losses, net	(154)	73	121	(85)
Total revenues	3,892	2,976	10,846	7,008
Title
Disaggregation of Revenue [Line Items]
Loan subservicing revenue	99	76	274	253
Title \| Direct title insurance premiums
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	896	733	2,546	1,854
Title \| Agency title insurance premiums
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	1,318	981	3,632	2,497
Title \| Home warranty
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	57	51	144	140
Title \| Insurance contracts
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	2,702	1,825	6,879	4,571
Title \| Escrow fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	359	334	1,057	814
Title \| Other title-related fees and income
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	226	189	663	516
Title \| ServiceLink, excluding title premiums, escrow fees, and subservicing fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	108	92	295	284
F&G \| Life Insurance Premiums, Insurance and Investment Product Fees, Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	431	60	557	80
Corporate and other \| Real estate technology
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	37	29	105	81
Corporate and other \| Real estate brokerage
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	7	0	19
Corporate and other \| Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 7	$ 15	$ 28	$ 14

Revenue Recognition - Informati

Revenue Recognition - Information about Receivables and Deferred Revenue (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Trade receivables	$ 484	$ 484	$ 404
Deferred revenue (contract liabilities)	108	$ 108	$ 117
Policy period		1 year
Revenue recognized	$ 56	$ 87

Value of Business Acquired, D_3

Value of Business Acquired, Deferred Acquisition Costs and Deferred Sales Inducements - Summary of Changes in Carrying Amounts of Intangible Assets Including DAC, VOBA and DSI (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Total
Balance at beginning of period	$ 1,724	$ 0
F&G acquisition		1,903
Deferrals	492	155
Amortization	(436)	(61)
Interest	32	13
Unlocking	(1)	(1)
Adjustment for net unrealized investment losses (gains)	19	(247)
Purchase price allocation adjustments	61
Balance at end of period	1,891	1,762
VOBA
Total
Balance at beginning of period	1,466	0
F&G acquisition		1,903
Deferrals	0	0
Amortization	(376)	(56)
Interest	23	12
Unlocking	(1)	(1)
Adjustment for net unrealized investment losses (gains)	38	(228)
Purchase price allocation adjustments	61
Balance at end of period	1,211	1,630
DAC
Total
Balance at beginning of period	222	0
F&G acquisition		0
Deferrals	427	130
Amortization	(34)	(3)
Interest	8	1
Unlocking	1	0
Adjustment for net unrealized investment losses (gains)	(18)	(15)
Purchase price allocation adjustments	0
Balance at end of period	606	113
DSI
Total
Balance at beginning of period	36	0
F&G acquisition		0
Deferrals	65	25
Amortization	(26)	(2)
Interest	1	0
Unlocking	(1)	0
Adjustment for net unrealized investment losses (gains)	(1)	(4)
Purchase price allocation adjustments	0
Balance at end of period	$ 74	$ 19

Value of Business Acquired, D_4

Value of Business Acquired, Deferred Acquisition Costs and Deferred Sales Inducements - Narrative (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Amortization	$ 436	$ 61
VOBA
Finite-Lived Intangible Assets [Line Items]
Amortization	376	56
Adjustment for net unrealized investment gains	$ 245	228
VOBA \| Minimum
Finite-Lived Intangible Assets [Line Items]
Interest accrual rate utilized to calculate accretion of interest	0.00%
VOBA \| Maximum
Finite-Lived Intangible Assets [Line Items]
Interest accrual rate utilized to calculate accretion of interest	4.71%
DAC
Finite-Lived Intangible Assets [Line Items]
Amortization	$ 34	3
Adjustment for net unrealized investment gains	44	15
Deferred sales inducement, unrealized investment gains	6	$ 4
Change in Accounting Method Accounted for as Change in Estimate
Finite-Lived Intangible Assets [Line Items]
Amortization	$ 136

Value of Business Acquired, D_5

Value of Business Acquired, Deferred Acquisition Costs and Deferred Sales Inducements - Estimated Amortization Expense for VOBA in Future Fiscal Periods (Detail) $ in Millions	Sep. 30, 2021USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2021	$ (17)
2022	40
2023	165
2024	159
2025	153
Thereafter	$ 956

F&G Reinsurance - Effect of Rei

F&G Reinsurance - Effect of Reinsurance on Premiums Earned, Benefits Incurred and Reserve Changes (Detail) - Traditional Life Insurance Premiums - USD ($) $ in Millions	3 Months Ended		4 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2020	Sep. 30, 2021
Premiums and other considerations:
Direct	$ 412	$ 48	$ 65	$ 500
Ceded	(32)	(36)	(49)	(103)
Net	380	12	16	397
Benefits and Other Changes in Insurance Policy Reserves:
Direct	461	308	463	1,646
Ceded	(276)	(57)	(57)	(912)
Net	$ 185	$ 251	$ 406	$ 734

F&G Reinsurance - Narrative (De

F&G Reinsurance - Narrative (Details)	Jan. 15, 2021	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)	May 31, 2021agreement	Dec. 31, 2020USD ($)	Jun. 01, 2020USD ($)
Ceded Credit Risk [Line Items]
Expected credit losses on reinsurance recoverable		$ 19,000,000	$ 22,000,000	$ 22,000,000	$ 19,000,000		$ 21,000,000	$ 0
Credit loss, reserve (decrease) increase		$ (21,000,000)	$ 0	$ 0	$ (21,000,000)
Number of policies reinsured by foreign company not engaged in insurance					0
Funds withheld co-insurance basis, percentage	50.00%
Wilton Reassurance Company
Ceded Credit Risk [Line Items]
Net amount recoverable					$ 1,287,000,000
Kubera Reassurance Company
Ceded Credit Risk [Line Items]
Net amount recoverable					789,000,000
Aspida Re
Ceded Credit Risk [Line Items]
Net amount recoverable					717,000,000
Scottish Re
Ceded Credit Risk [Line Items]
Net amount recoverable					30,000,000
Pavonia Life Insurance Company
Ceded Credit Risk [Line Items]
Net amount recoverable					$ 76,000,000
Freestone Re Ltd
Ceded Credit Risk [Line Items]
Number of agreements executed \| agreement						2

F&G Insurance Subsidiary Fina_2

F&G Insurance Subsidiary Financial Information and Regulatory Matters - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Statutory Accounting Practices [Line Items]
Decrease in statutory capital surplus	$ 39	$ 144
Change in statutory capital surplus	(85)
Non-permitted statutory accounting practices	30
Statutory capital and surplus	114	84
IOWA
Statutory Accounting Practices [Line Items]
Change in statutory capital surplus	$ 1	5
Non-permitted statutory accounting practices		$ (6)

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - F&G - USD ($) $ in Millions	Jun. 01, 2020	Sep. 30, 2021	Sep. 30, 2021
Business Acquisition [Line Items]
Percentage of outstanding equity acquired	100.00%
Consideration transferred	$ 2,700
Goodwill expected to be tax deductible	$ 16
Increase in intangibles		$ 61	$ 61
Decrease in reinsurance recoverable		289	289
Decrease in future policy benefits		227	227
Increase in goodwill		$ 5	$ 5

Acquisitions - Consideration Pa

Acquisitions - Consideration Paid (Details) - F&G $ in Millions	Jun. 01, 2020USD ($)
Business Acquisition [Line Items]
Cash paid for outstanding F&G shares	$ 1,903
Less: Cash Acquired	827
Net cash paid for F&G	1,076
Value of FNF share consideration	806
Value of outstanding converted equity awards attributed to services already rendered	28
Total net consideration paid	$ 1,910

Acquisitions - Assets Acquired

Acquisitions - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 01, 2020
Business Acquisition [Line Items]
Goodwill	$ 4,515	$ 4,495	$ 4,458
F&G
Business Acquisition [Line Items]
Derivative instruments				$ 313
Mortgage loans				1,755
Investments in unconsolidated affiliates				1,049
Other long-term investments				430
Short-term investments				37
Trade and notes receivable				1
Reinsurance recoverable				2,998
Goodwill				1,756
Prepaid expenses and other assets				379
Lease assets				8
Other intangible assets				2,107
Deferred tax asset				269
Assets of discontinued operations				2,392
Total assets acquired				36,811
Contractholder funds				26,451
Future policy benefits				3,871
Accounts payable and accrued liabilities				897
Notes payable				589
Funds withheld for reinsurance liabilities				816
Lease liabilities				9
Liabilities of discontinued operations				2,268
Total liabilities assumed				34,901
Net assets acquired				1,910
F&G \| Fixed maturity securities
Business Acquisition [Line Items]
Securities				22,389
F&G \| Preferred securities
Business Acquisition [Line Items]
Securities				876
F&G \| Equity securities
Business Acquisition [Line Items]
Securities				$ 52

Acquisitions - Carrying Value a

Acquisitions - Carrying Value and Estimated Useful Lives (Details) - F&G $ in Millions	Jun. 01, 2020USD ($)
Property, Plant and Equipment [Line Items]
Gross Carrying Value	$ 2,107
PVFP
Property, Plant and Equipment [Line Items]
Gross Carrying Value	1,908
Value of distribution network acquired
Property, Plant and Equipment [Line Items]
Gross Carrying Value	$ 140
Weighted Average Estimated Useful Life (in years)	15 years
Trademarks and licenses
Property, Plant and Equipment [Line Items]
Gross Carrying Value	$ 38
Weighted Average Estimated Useful Life (in years)	10 years
Software
Property, Plant and Equipment [Line Items]
Gross Carrying Value	$ 21
Weighted Average Estimated Useful Life (in years)	2 years

Notes Payable - Schedule of Lon

Notes Payable - Schedule of Long Term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2021	Sep. 17, 2021	Dec. 31, 2020	Sep. 15, 2020	Aug. 13, 2018	Aug. 28, 2012
Debt Instrument [Line Items]
Notes payable	$ 3,097		$ 2,662
5.50% Notes, net of discount
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage					4.50%
5.50% Notes, net of discount \| Unsecured notes
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	4.50%
Notes payable	$ 444		443
5.50% Notes, net of discount \| Unsecured notes
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	5.50%					5.50%
Notes payable	$ 399		399
3.40% Notes, net of discount
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	3.40%
Notes payable	$ 643		643
2.45% Notes, net of discount
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	2.45%			2.45%
Notes payable	$ 593		592
3.20% Notes, net of discount
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	3.20%	3.20%
Notes payable	$ 443		0
Revolving Credit Facility \| Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Notes payable	$ 4		4
5.50% F&G Notes
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	5.50%
Notes payable	$ 579		$ 589

Notes Payable - Narrative (Deta

Notes Payable - Narrative (Details) - USD ($)	Sep. 17, 2021	Sep. 15, 2020	Jun. 12, 2020	Apr. 20, 2018	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020	Jun. 01, 2020	Aug. 13, 2018	Aug. 28, 2012
Debt Instrument [Line Items]
Outstanding principal					$ 3,100,000,000
Repayment of principal borrowed					$ 0	$ 1,000,000,000
3.20% Notes
Debt Instrument [Line Items]
Aggregate principal amount	$ 450,000,000
Debt instrument, interest rate, stated percentage	3.20%				3.20%
Proceeds from issuance debt	$ 443,000,000
Proceeds from issuance of senior notes	$ 443,000,000
Revolving Credit Facility Due April 2022 \| Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Outstanding principal					$ 0
Debt issuance costs							$ 2,000,000
Remaining borrowing capacity							$ 800,000,000
2.45% Notes, net of discount
Debt Instrument [Line Items]
Aggregate principal amount		$ 600,000,000
Debt instrument, interest rate, stated percentage		2.45%			2.45%
Proceeds from issuance debt		$ 593,000,000
Term Loan Credit Agreement \| Term Loan
Debt Instrument [Line Items]
Repayments of all outstanding indebtedness under term loan credit agreement		$ 260,000,000
Repayment of principal borrowed			$ 640,000,000
3.40% Notes due June 15, 2030
Debt Instrument [Line Items]
Aggregate principal amount			$ 650,000,000
Debt instrument, interest rate, stated percentage			3.40%
Proceeds from issuance debt			$ 642,000,000
5.50% F&G Senior Notes due 2025 \| F&G
Debt Instrument [Line Items]
Aggregate principal amount								$ 550,000,000
Debt instrument, interest rate, stated percentage								5.50%
Price as percent of par on offering of unsecured Notes				99.50%
Proceeds from issuance of senior notes				$ 547,000,000
4.50 % Notes due August 2028
Debt Instrument [Line Items]
Aggregate principal amount									$ 450,000,000
Debt instrument, interest rate, stated percentage									4.50%
Price as percent of par on offering of unsecured Notes									99.252%
Annual interest rate									4.594%
4.50 % Notes due August 2028 \| Unsecured notes
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage					4.50%
5.50% Notes Due September 2022 \| Unsecured notes
Debt Instrument [Line Items]
Aggregate principal amount										$ 400,000,000
Debt instrument, interest rate, stated percentage					5.50%					5.50%

Notes Payable - Principal Matur

Notes Payable - Principal Maturities of Notes Payable (Details) $ in Millions	Sep. 30, 2021USD ($)
Maturities of Long-term Debt [Abstract]
2021 (remaining)	$ 0
2022	400
2023	0
2024	0
2025	550
Thereafter	2,150
Total long term debt	$ 3,100