Fidelity National Financial (FNF) 10-Q10 May 222022 Q1 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2022	Apr. 30, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
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		280,703,586
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001331875
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Investments:
Fixed maturity securities available for sale, at fair value, at March 31, 2022 and December 31, 2021, at an amortized cost of $32,508 and $30,705, respectively, net of allowance for credit losses of $11 and $8, respectively, and includes pledged fixed maturity securities of $450 and $460, respectively, related to secured trust deposits	$ 31,478	$ 31,990
Derivative investments	487	816
Mortgage loans, net of allowance for credit losses of $32 and $31 at March 31, 2022 and December 31, 2021, respectively	4,217	3,749
Investments in unconsolidated affiliates	2,849	2,486
Other long-term investments	606	579
Short-term investments, at March 31, 2022 and December 31, 2021 includes pledged short-term investments of $1 related to secured trust deposits	1,746	491
Total investments	43,727	42,775
Cash and cash equivalents, at March 31, 2022 and December 31, 2021 includes $521 and $480, respectively, of pledged cash related to secured trust deposits	2,793	4,360
Trade and notes receivables, net of allowance of $32 at March 31, 2022 and December 31, 2021	529	557
Reinsurance recoverable, net of allowance for credit losses of $20 at March 31, 2022 and December 31, 2021	3,918	3,738
Goodwill	4,539	4,539
Prepaid expenses and other assets	1,357	1,203
Lease assets	373	376
Other intangible assets, net	3,034	2,557
Title plants	400	400
Property and equipment, net	187	185
Total assets	60,857	60,690
Liabilities:
Contractholder funds	36,237	35,525
Future policy benefits	5,217	4,732
Accounts payable and accrued liabilities	2,769	2,696
Outstanding debt	3,095	3,096
Reserve for title claim losses	1,912	1,883
Funds withheld for reinsurance liabilities	1,852	1,676
Secured trust deposits	970	934
Lease liabilities	410	414
Income taxes payable	179	72
Deferred tax liability	98	205
Total liabilities	52,739	51,233
Equity:
FNF common stock, $0.0001 par value; authorized 600,000,000 shares as of March 31, 2022 and December 31, 2021; outstanding of 281,117,483 and 283,778,574 as of March 31, 2022 and December 31, 2021, respectively, and issued of 325,573,748 and 325,486,429 as of March 31, 2022 and December 31, 2021, respectively	0	0
Preferred stock, $0.0001 par value; authorized 50,000,000 shares; issued and outstanding, none	0	0
Additional paid-in capital	5,826	5,811
Retained earnings	4,642	4,369
Accumulated other comprehensive (loss) earnings	(712)	779
Less: Treasury stock, 44,456,265 shares and 41,707,855 shares as of March 31, 2022 and December 31, 2021, respectively, at cost	(1,679)	(1,545)
Total Fidelity National Financial, Inc. shareholders’ equity	8,077	9,414
Non-controlling interests	41	43
Total equity	8,118	9,457
Total liabilities and equity	60,857	60,690
Preferred securities
Investments:
Securities, at fair value	1,283	1,401
Equity securities
Investments:
Securities, at fair value	$ 1,061	$ 1,263

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Fixed maturity securities, available-for-sale, amortized cost	$ 32,508	$ 30,705
Available for sale securities, allowance for credit losses	11	8
Available-for-sale securities, pledged securities, secured trust deposits	450	460
Allowance for credit loss	32	31
Short-term investments, pledged, secured trust deposits	1	1
Cash, pledged, secured trust deposits	521	480
Allowance for doubtful accounts, premiums and other receivables	32	32
Expected credit losses on reinsurance recoverable	$ 20	$ 20
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)	281,117,483	283,778,574
Common stock, shares, issued (in shares)	325,573,748	325,486,429
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)	44,456,265	41,707,855

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues:
Direct title insurance premiums	$ 767	$ 746
Agency title insurance premiums	1,099	1,058
Escrow, title-related and other fees	1,290	851
Interest and investment income	478	402
Recognized gains and losses, net	(469)	43
Total revenues	3,165	3,100
Expenses:
Personnel costs	823	812
Agent commissions	844	807
Other operating expenses	442	458
Benefits and other changes in policy reserves	208	(26)
Depreciation and amortization	182	183
Provision for title claim losses	84	81
Interest expense	30	28
Total expenses	2,613	2,343
Earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates	552	757
Income tax expense	155	166
Earnings before equity in earnings of unconsolidated affiliates	397	591
Equity in earnings of unconsolidated affiliates	2	13
Net earnings from continuing operations	399	604
Net earnings from discontinued operations, net of tax	0	5
Net earnings	399	609
Less: Net earnings attributable to non-controlling interests	2	4
Net earnings attributable to Fidelity National Financial, Inc. common shareholders	$ 397	$ 605
Basic
Net earnings per share from continuing operations attributable to common shareholders (in usd per share)	$ 1.41	$ 2.07
Net earnings per share from discontinued operations attributable to common shareholders (in usd per share)	0	0.02
Net earnings per share attributable to common shareholders, basic (in usd per share)	1.41	2.09
Diluted
Net earnings per share from continuing operations attributable to common shareholders (in usd per share)	1.40	2.06
Net earnings per share from discontinued operations attributable to common shareholders (in usd per share)	0	0.02
Net earnings per share attributable to common shareholders, diluted (in usd per share)	$ 1.40	$ 2.08
Weighted average common shares outstanding - basic (in shares)	281	289
Weighted average common shares outstanding - diluted (in shares)	283	291

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net earnings		$ 399	$ 609
Other comprehensive (loss) earnings:
Unrealized loss on investments and other financial instruments, net of adjustments to intangible assets and unearned revenue (excluding investments in unconsolidated affiliates)	[1]	(1,528)	(545)
Unrealized gain on investments in unconsolidated affiliates	[2]	6	9
Unrealized gain (loss) on foreign currency translation	[3]	(2)	(2)
Reclassification adjustments for change in unrealized gains and losses included in net earnings	[4]	33	(46)
Other comprehensive loss		(1,491)	(584)
Comprehensive (loss) earnings		(1,092)	25
Less: Comprehensive earnings attributable to non-controlling interests		2	4
Comprehensive (loss) earnings attributable to Fidelity National Financial, Inc. common shareholders		$ (1,094)	$ 21

[1]	Net of income tax benefit of $291 million and $146 million for the three months ended March 31, 2022 and 2021, respectively.
[2]	Net of income tax expense of $2 million and $3 million for the three months ended March 31, 2022 and 2021, respectively.
[3]	Net of income tax benefit of less than $1 million for the three months ended March 31, 2022 and 2021.
[4]	Net of income tax (benefit) expense of $(9) million and $12 million for the three months ended March 31, 2022 and 2021, respectively.

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Unrealized loss on investments and other financial instruments, tax benefit	$ 291	$ 146
Unrealized gain on investments in unconsolidated affiliates, tax expense	2	3
Unrealized loss on foreign currency translation, tax benefit (less than $1 million)	1	1
Reclassification adjustments for change in unrealized gains and losses included in net earnings, tax (benefit) expense	$ (9)	$ 12

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, 2020			322				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]
Exercise of stock options (in shares)			1
Exercise of stock options	21			21
Treasury stock repurchased (in shares)							3
Treasury stock repurchased	(112)						$ (112)
Other comprehensive loss - unrealized loss on investments and other financial instruments	(545)					(545)
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates	9	[1]				9
Other comprehensive loss - unrealized loss on foreign currency translation	(2)	[2]				(2)
Reclassification adjustments for change in unrealized gains and losses included in net earnings	(46)	[3]				(46)
Stock-based compensation	11			11
Dividends declared, per common share	(106)				(106)
Subsidiary dividends declared to non-controlling interests	(5)							(5)
Net earnings	609				605			4
Ending balance (in shares) at Mar. 31, 2021			323				34
Ending balance at Mar. 31, 2021	8,226		$ 0	5,752	2,893	720	$ (1,179)	40
Beginning balance (in shares) at Dec. 31, 2021			325				42
Beginning balance at Dec. 31, 2021	9,457		$ 0	5,811	4,369	779	$ (1,545)	43
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)			1
Exercise of stock options	2			2
Treasury stock repurchased (in shares)							3
Treasury stock repurchased	(134)						$ (134)
Other comprehensive loss - unrealized loss on investments and other financial instruments	(1,528)
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates	6	[1]				6
Other comprehensive loss - unrealized loss on foreign currency translation	(2)	[2]				(2)
Reclassification adjustments for change in unrealized gains and losses included in net earnings	33	[3]				33
Stock-based compensation	13			13
Dividends declared, per common share	(124)				(124)
Subsidiary dividends declared to non-controlling interests	(4)							(4)
Net earnings	399				397			2
Ending balance (in shares) at Mar. 31, 2022			326				45
Ending balance at Mar. 31, 2022	$ 8,118		$ 0	$ 5,826	$ 4,642	$ (712)	$ (1,679)	$ 41

[1]	Net of income tax expense of $2 million and $3 million for the three months ended March 31, 2022 and 2021, respectively.
[2]	Net of income tax benefit of less than $1 million for the three months ended March 31, 2022 and 2021.
[3]	Net of income tax (benefit) expense of $(9) million and $12 million for the three months ended March 31, 2022 and 2021, respectively.

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividend per common share (in dollars per share)	$ 0.44	$ 0.36

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net earnings	$ 399	$ 609
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	182	183
Equity in earnings of unconsolidated affiliates	(2)	(13)
Gain on sales of investments and other assets and asset impairments, net	(30)	(71)
Change in NAV of limited partnerships, net	(112)	0
Interest credited/index credits to contractholder account balances	(380)	(62)
Deferred policy acquisition costs and deferred sales inducements	(169)	(134)
Charges assessed to contractholders for mortality and admin	(49)	(41)
Non-cash lease costs	35	34
Operating lease payments	(37)	(38)
Distributions from unconsolidated affiliates, return on investment	25	7
Stock-based compensation cost	13	11
Change in valuation of derivatives, equity and preferred securities, net	499	(18)
Changes in assets and liabilities, net of effects from acquisitions:
Change in insurance recoverable	(12)	(38)
Change in future policy benefits	485	(51)
Change in funds withheld from reinsurers	181	217
Net decrease in trade receivables	27	14
Net increase in reserve for title claim losses	30	60
Net change in income taxes	142	144
Net change in other assets and other liabilities	(560)	(148)
Net cash provided by operating activities	667	665
Cash flows from investing activities:
Proceeds from sales, calls and maturities of investment securities	1,984	1,586
Proceeds from sales of property and equipment	5	0
Additions to property and equipment and capitalized software	(43)	(22)
Purchases of investment securities	(3,810)	(3,283)
Net (purchases of) proceeds from sales and maturities of short-term investment securities	(1,255)	645
Additions to notes receivable	(4)	0
Collections of notes receivable	3	0
Acquisitions and dispositions	(20)	(5)
Additional investments in unconsolidated affiliates	(309)	(1)
Distributions from unconsolidated affiliates, return of investment	34	24
Net other investing activities	1	(4)
Net cash used in investing activities	(3,414)	(1,060)
Cash flows from financing activities:
Dividends paid	(124)	(104)
Subsidiary dividends paid to non-controlling interest shareholders	(4)	(5)
Exercise of stock options	2	21
Net change in secured trust deposits	36	23
Payment of contingent consideration for prior period acquisitions	(1)	(2)
Contractholder account deposits	2,123	1,522
Contractholder account withdrawals	(723)	(641)
Purchases of treasury stock	(129)	(112)
Net cash provided by financing activities	1,180	702
Net (decrease) increase in cash and cash equivalents	(1,567)	307
Cash and cash equivalents at beginning of period	4,360	2,719
Cash and cash equivalents at end of period	$ 2,793	$ 3,026

Basis of Financial Statements

Basis of Financial Statements	3 Months Ended
Basis of Financial Statements	Mar. 31, 2022
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, 2021. Description of the Business We are a leading provider of (i) title insurance, escrow and other title-related services, including loan sub-servicing, valuations, default services and home warranty products, (ii) technology 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 leading provider of insurance solutions serving retail annuity and life customers and institutional clients 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 F&G Distribution On March 14, 2022, our Board of Directors approved a dividend to our shareholders, on a pro rata basis, of 15% of the common stock of F&G (the "F&G Distribution"). We intend to retain control of F&G through our 85% ownership stake. The proposed F&G Distribution is subject to various conditions including the final approval of our Board of Directors, the effectiveness of appropriate filings with the U.S Securities and Exchange Commission (the "SEC"), and any applicable regulatory approvals. The record date and distribution settlement date will be determined by our Board of Directors prior to the distribution. Upon completion of the F&G Distribution, our shareholders as of the record date are expected to own stock in both publicly traded companies. The proposed F&G Distribution is intended to be structured as a taxable dividend to our shareholders and is targeted to be completed in late third quarter or early fourth quarter of 2022. However, there can be no assurance regarding the timeframe for completing the F&G Distribution or that the conditions of the F&G Distribution will be met. Income Tax Income tax expense was $155 million and $166 million in the three months ended March 31, 2022 and 2021, respectively. Income tax expense as a percentage of earnings before income taxes was 28% and 22% in the three months ended March 31, 2022 and 2021, respectively. The increase in income tax expense as a percentage of earnings before taxes in the three months ended March 31, 2022 as compared to the corresponding period in 2021 is primarily attributable to the recording of a valuation allowance in the 2022 period for tax benefits associated with deferred tax assets, related to realized losses on the past sales of discontinued operations, for which it is more likely than not that we will not be able to realize for tax purposes. 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 assumed conversions of potentially dilutive securities. For periods when we recognize a net loss, diluted loss per share is equal to basic loss 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 months ended March 31, 2022 and 2021. Recent Accounting Pronouncements 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 will not early adopt this standard. We have identified specific areas that will be impacted by the new guidance. This guidance will bring significant changes to how we account for certain insurance and annuity products within our business. As we continue to make progress on adopting this new guidance, we will be able to provide a better assessment of the specific impacts to our consolidated financial statements. In March 2022, the FASB issued ASU 2022-02, Financial Instruments-Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. The amendments in this update eliminate the Troubled Debt Restructuring ("TDR") recognition and measurement guidance for creditors and, instead, require that an entity evaluate whether the modification represents a new loan or a continuation of an existing loan. The amendments also enhance existing disclosure requirements and introduce new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. Additionally, these amendments require that an entity disclose current-period gross write-offs by year of origination for financing receivables and net investment in leases within the scope of Subtopic 326-20. The guidance is effective for entities that have adopted ASU 2016-13 Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326) for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, though early adoption is permitted. We do not currently expect to early adopt this standard and are in the process of assessing this standard and its impact on our accounting and disclosures.

Summary of Reserve for Title Cl

Summary of Reserve for Title Claim Losses	3 Months Ended
Summary of Reserve for Title Claim Losses	Mar. 31, 2022
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: Three months ended March 31, 2022 2021 (Dollars in millions) Beginning balance $ 1,883 $ 1,623 Change in insurance recoverable (1) 25 Claim loss provision related to: Current year 84 81 Total title claim loss provision 84 81 Claims paid, net of recoupments related to: Current year (1) — Prior years (53) (46) Total title claims paid, net of recoupments (54) (46) Ending balance of claim loss reserve for title insurance $ 1,912 $ 1,683 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 through her former company, ANI Development LLC ("ANI"), or other affiliates 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 they were told that under California state law, alcoholic beverage license applicants are required to deposit into 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 and have been set for jury trial on December 2, 2022. 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, ABC Funding Strategies, LLC,Payson R. Stevens; Kamaljit K. Kapur and The Payson R. Stevens & Kamaljit Kaur Kapur Trust Dated March 28, 2014 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, as well as the recovery of attorneys fees. The Named Companies have filed a cross-complaint against Ms. Champion-Cain, and others. The Named Companies have reached a conditional settlement with members of ABC Funding Strategies, LLC plaintiffs under confidential terms. 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, and others. 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, and others. 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 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 seeks punitive damages and the recovery of attorneys’ fees. The Named Companies have filed a cross-complaint against Ms. Champion-Cain, and others. The following matters pending in the Superior Court of San Diego County for the State of California have conditionally settled under confidential terms: Yuan Yu and Polly Yu v. Chicago Title Co., et al., Ovation Fin. Holdings 2 LLC, Ovation Fund Mgmt. II, LLC, Banc of California, N.A. v. Chicago Title Ins. Co., and Blake E. Allred and Melissa M. Allred v. Chicago Title Co., et al. Additionally, in connection with the alcoholic beverage license scheme, the 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 by the court to preserve the assets of the defendant affiliated entities (the “receivership entities”), pay their debts, operate the businesses and pursue any claims they may have against third-parties. Pursuant to the authority granted to her by the federal court on the SEC action, on January 7, 2022, a lawsuit styled, Krista Freitag v. Chicago Title Co. and Chicago Title Ins. Co. , was filed in San Diego County Superior Court by the receiver on behalf of the receivership entities against the Named Companies. The receiver seeks compensatory, incidental, consequential, and punitive damages, and seeks the recovery of attorneys’ fees. The Named Companies have filed a demurrer seeking dismissal of the receiver’s complaint. The Named Companies also filed a motion in the SEC action seeking permission to sue ANI, via the receiver, to pursue indemnity and other claims against the receivership entities as joint tortfeasors in the state court actions. On February 28, 2022, the Named Companies’ motion was granted permitting them to sue ANI in the pending state court actions. On April 26, 2022, the Named Companies reached a conditional settlement with the receiver, which is subject to court approval. Chicago Title Company has also resolved a number of other pre-suit claims and previously-disclosed lawsuits from both individual and groups of alleged investors under confidential terms. Based on the facts and circumstances of the remaining claims, including the settlements already reached, we have recorded reserves included in our reserve for title claim losses which we believe are adequate to cover losses related to this matter, and we believe that our reserves for title claim losses are adequate. 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 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 $135 million and $106 million decrease to statutory capital and surplus at March 31, 2022 and December 31, 2021, 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 $65 million and $85 million at March 31, 2022 and December 31, 2021, respectively. Raven Re is also permitted to follow Iowa prescribed statutory accounting practice for its reserves on reinsurance assumed from FGL Insurance. Without such permitted statutory accounting practices, Raven Re’s statutory capital and surplus (deficit) and its risk-based capital would not 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 $95 million and $115 million at March 31, 2022 and December 31, 2021, respectively. As of March 31, 2022, 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	3 Months Ended
Fair Value of Financial Instruments	Mar. 31, 2022
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): March 31, 2022 Level 1 Level 2 Level 3 Fair Value Carrying Amount Assets Cash and cash equivalents $ 2,793 $ — $ — $ 2,793 $ 2,793 Fixed maturity securities, available-for-sale: Asset-backed securities — 4,897 4,161 9,058 9,058 Commercial mortgage-backed securities — 3,012 40 3,052 3,052 Corporates 35 14,365 1,141 15,541 15,541 Hybrids 126 723 — 849 849 Municipals — 1,335 37 1,372 1,372 Residential mortgage-backed securities — 761 — 761 761 U.S. Government 587 — — 587 587 Foreign Governments — 241 17 258 258 Short term investments 1,403 324 19 1,746 1,746 Preferred securities 449 833 1 1,283 1,283 Equity securities 1,004 — 10 1,014 1,014 Derivative investments — 487 — 487 487 Reinsurance related embedded derivative, included in other assets — 50 — 50 50 Other long-term investments — — 70 70 70 Total financial assets at fair value $ 6,397 $ 27,028 $ 5,496 $ 38,921 $ 38,921 Liabilities Derivatives: FIA/ IUL embedded derivatives, included in contractholder funds — — 3,395 3,395 3,395 Reinsurance related embedded derivatives, included in accounts payable and accrued liabilities — 1 — 1 1 Total financial liabilities at fair value $ — $ 1 $ 3,395 $ 3,396 $ 3,396 December 31, 2021 Level 1 Level 2 Level 3 Fair Value Carrying Amount Assets Cash and cash equivalents $ 4,360 $ — $ — $ 4,360 $ 4,360 Fixed maturity securities, available-for-sale: Asset-backed securities — 4,736 3,959 8,695 8,695 Commercial mortgage-backed securities — 2,944 35 2,979 2,979 Corporates 37 15,322 1,135 16,494 16,494 Hybrids 132 780 — 912 912 Municipals — 1,458 43 1,501 1,501 Residential mortgage-backed securities — 731 — 731 731 U.S. Government 394 — — 394 394 Foreign Governments — 266 18 284 284 Short term investments 168 2 321 491 491 Preferred securities 506 893 2 1,401 1,401 Equity securities 1,206 — 9 1,215 1,215 Derivative investments — 816 — 816 816 Other long-term investments — — 78 78 78 Total financial assets at fair value $ 6,803 $ 27,948 $ 5,600 $ 40,351 $ 40,351 Liabilities Derivatives: FIA/ IUL embedded derivatives, included in contractholder funds — — 3,883 3,883 3,883 Reinsurance related embedded derivatives, included in accounts payable and accrued liabilities — 73 — 73 73 Total financial liabilities at fair value $ — $ 73 $ 3,883 $ 3,956 $ 3,956 Valuation Methodologies Fixed Maturity Preferred and 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 March 31, 2022 or December 31, 2021. Derivative Financial Instruments The fair value of call options is 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 (specifically for FIA 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/IUL 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 March 31, 2022 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. The fair value of the reinsurance-related embedded derivatives in the funds withheld reinsurance agreements with Kubera Insurance (SAC) Ltd. ("Kubera") (effective October 31, 2021, this agreement was novated from Kubera to Somerset Reinsurance Ltd. ("Somerset"), a certified third party reinsurer) and ASPIDA Life Re Ltd ("Aspida Re") 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 F&G Reinsurance for further discussion on F&G reinsurance agreements. Other long-term investments We hold a fund-linked note which provides for an additional payment at maturity based on the value of an embedded derivative based on the actual return of a dedicated return fund. Fair value of the embedded derivative is based on an unobservable input, the net asset value of the fund at the balance sheet date. 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. 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 March 31, 2022 and December 31, 2021 are as follows: Fair Value at Valuation Technique Unobservable Input(s) Range (Weighted average) March 31, 2022 (in millions) March 31, 2022 Assets Asset-backed securities $ 4,064 Broker-quoted Offered quotes 44.79% - 728.00% (94.48%) Asset-backed securities 97 Third-Party Valuation Offered quotes 86.52% - 103.47% (101.78%) Commercial mortgage-backed securities 23 Broker-quoted Offered quotes 120.24% - 120.24% (120.24%) Commercial mortgage-backed securities 17 Third Party Valuation Offered quotes 77.78% - 92.37% (86.30%) Corporates 456 Broker-quoted Offered quotes 0.00% - 124.44% (94.94%) Corporates 14 Discounted Cash Flow Discount Rate 44.00% - 100.00% (77.00%) Corporates 671 Third-Party Valuation Offered quotes 81.09% - 113.62% (99.17%) Municipals 37 Third-Party Valuation Offered quotes 118.69% - 118.69% (118.69%) Foreign Governments 17 Third-Party Valuation Offered quotes 104.86% - 113.31% (107.50%) Short term investments 19 Third-Party Valuation Offered quotes 94.33% - 95.49% (94.91%) Preferred securities 1 Income-Approach Yield 2.43% Equity securities 2 Black Scholes model Risk Free Rate 1.00% - 1.00% (1.00%) Strike Price $1.50 - $1.50 ($1.50) Volatility 81.00% - 81.00% (81.00%) Dividend Yield 0.00% - 0.00% (0.00%) Equity securities 4 Broker Quoted Offered quotes $50.00 - $55.00 ($52.50) Equity securities 4 Discounted Cash Flow Discount rate 11.10% - 11.10% (11.10%) Market Comparable Company Analysis EBITDA multiple 4.8x - 4.8x (4.8x) Other long-term investments: Available-for-sale embedded derivative 30 Black Scholes model Market value of fund 100.00% Credit Linked Note 19 Broker-quoted Offered quotes 100.00% Investment in affiliate 21 Market Comparable Company Analysis EBITDA multiple 8x-8x Total financial assets at fair value $ 5,496 Liabilities Derivative investments: FIA/ IUL embedded derivatives, included in contractholder funds $ 3,395 Discounted cash flow Market value of option 0.00% - 26.75% (1.74%) Swap rates 0.17% - 2.59% (1.38%) Mortality multiplier 100.00% - 100.00% (100.00%) Surrender rates 0.25% - 70.00% (6.24%) Partial withdrawals 2.00% - 23.26% (2.73%) Non-performance spread 0.49% - 1.23% (1.01%) Option cost 0.00% - 4.97% (1.82%) Total financial liabilities at fair value $ 3,395 Fair Value at Valuation Technique Unobservable Input(s) Range (Weighted average) December 31, 2021 (in millions) December 31, 2021 Assets Asset-backed securities $ 3,844 Broker-quoted Offered quotes 52.56% - 260.70% (97.06%) Asset-backed securities 115 Third-Party Valuation Offered quotes 93.02% - 108.45% (104.95%) Commercial mortgage-backed securities 24 Broker-quoted Offered quotes 126.70% - 126.70% (126.70%) Commercial mortgage-backed securities 11 Third Party Valuation Offered quotes 97.91% - 97.91% (97.91%) Corporates 380 Broker-quoted Offered quotes 0.00% - 109.69% (100.91%) Corporates 741 Third-Party Valuation Offered quotes 85.71% - 119.57% (107.72%) Corporates 14 Discounted Cash Flow Discount Rate 44.00% - 100.00% (62.00%) Municipals 43 Third-Party Valuation Offered quotes 135.09% - 135.09% (135.09%) Foreign Governments 18 Third-Party Valuation Offered quotes 107.23% - 116.44% (110.11%) Short term investments 321 Broker-quoted Offered quotes 100.00% - 100.00% (100.00%) Preferred securities 2 Income-Approach Yield 2.43% Equity securities 3 Broker Quoted Offered quotes $6.23 - $6.23 ($6.23) Equity securities 2 Black Scholes model Risk Free Rate 1.00% -1.00% (1.00%) Strike Price $1.50 - $1.50 ($1.50) Volatility 81.00% - 81.00% (81.00%) Dividend Yield 0.00% - 0.00% (0.00%) Equity securities 4 Discounted Cash Flow Discount rate 12.70% - 12.70% (12.70%) Market Comparable Company Analysis EBITDA multiple 5.9x - 5.9x (5.9x) Other long-term investments: Available-for-sale embedded derivative 34 Black Scholes model Market value of fund 100.00% Credit Linked Note 23 Broker-quoted Offered quotes 100.00% Investment in affiliate 21 Market Comparable Company Analysis EBITDA multiple 8x-8x Total financial assets at fair value $ 5,600 Liabilities Future policy benefits — Discounted cash flow Non-performance spread 0.50% Derivative investments: FIA/ IUL embedded derivatives, included in contractholder funds 3,883 Discounted cash flow Market value of option 0.00% - 38.72% (3.16%) Swap rates 0.05% - 1.94% (1.00%) Mortality multiplier 100.00% - 100.00% (100.00%) Surrender rates 0.25% - 70.00% (6.26%) Partial withdrawals 2.00% - 23.26% (2.72%) Non-performance spread 0.43% - 1.01% (0.68%) Option cost 0.07% - 4.97% (1.83%) Total financial liabilities at fair value $ 3,883 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 months ended March 31, 2022 and 2021. 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 March 31, 2022 (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 $ 3,959 $ — $ (130) $ 400 $ — $ (152) $ 84 $ 4,161 $ (138) Commercial mortgage-backed securities 35 — (2) — — — 7 40 (2) Corporates 1,135 — (74) 80 — (26) 26 1,141 (73) Municipals 43 — (6) — — — — 37 (5) Residential mortgage-backed securities — — — — — — — — — Foreign Governments 18 — (1) — — — — 17 (1) Short term investments 321 — (1) 20 — — (321) 19 (1) Preferred securities 2 — (1) — — — — 1 (1) Equity securities 9 — — 1 — — — 10 — Other long-term investments: Available-for-sale embedded derivative 34 (4) — — — — — 30 — Investment in affiliate 21 — — — — — — 21 — Credit linked note 23 — (3) — — (1) — 19 — Total Level 3 assets at fair value $ 5,600 $ (4) $ (218) $ 501 $ — $ (179) $ (204) $ 5,496 $ (221) Liabilities FIA/ IUL embedded derivatives, included in contractholder funds 3,883 (488) — — — — — 3,395 — Total Level 3 liabilities at fair value $ 3,883 $ (488) $ — $ — $ — $ — $ — $ 3,395 $ — (a) The net transfers out of Level 3 during the three months ended March 31, 2022 were exclusively to Level 2. Three months ended March 31, 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 $ 1,350 $ — $ (23) $ 358 $ — $ (92) $ — $ 1,593 $ (4) Commercial mortgage-backed securities 26 — (1) — — — — 25 1 Corporates 1,289 6 (39) 40 (5) (31) (14) 1,246 19 Hybrids 4 — — — — (4) — — — Municipals 43 — (2) — — — — 41 4 Residential mortgage-backed securities 483 — 12 5 — (13) — 487 27 Foreign Governments 17 — — — — — — 17 2 Equity securities 5 1 — 3 — — — 9 — Other long-term investments: Available-for-sale embedded derivative 27 2 — — — — — 29 — Credit linked note 23 — (4) — — — — 19 — Total Level 3 assets at fair value $ 3,267 $ 9 $ (57) $ 406 $ (5) $ (140) $ (14) $ 3,466 $ 49 Liabilities Future policy benefits $ 5 $ — $ — $ — $ — $ (1) $ — $ 4 $ — FIA/IUL embedded derivatives, included in contractholder funds 3,404 (111) — — — — — 3,293 — Total Level 3 liabilities at fair value $ 3,409 $ (111) $ — $ — $ — $ (1) $ — $ 3,297 $ — (a) The net transfers out of Level 3 during the three months ended March 31, 2021 were exclusively to Level 2. 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 and fixed rate annuities), indexed universal life policies ("IULs"), funding agreements and PRT and immediate annuity contracts without life contingencies. The FIA/ IUL embedded derivatives, included in contractholder funds, are excluded as they are carried at fair value. The fair value of the FIA, fixed rate annuity 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. 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. March 31, 2022 (in millions) Level 1 Level 2 Level 3 Total Estimated Fair Value Carrying Amount Assets FHLB common stock $ — $ 79 $ — $ 79 $ 79 Commercial mortgage loans — — 2,147 2,147 2,231 Residential mortgage loans — — 1,904 1,904 1,986 Policy loans — — 40 40 40 Other invested assets — — 67 67 67 Company-owned life insurance — — 350 350 350 Trade and notes receivables, net of allowance — — 529 529 529 Total $ — $ 79 $ 5,037 $ 5,116 $ 5,282 Liabilities Investment contracts, included in contractholder funds $ — $ — $ 29,031 $ 29,031 $ 32,903 Debt — 2,929 — 2,929 3,095 Total $ — $ 2,929 $ 29,031 $ 31,960 $ 35,998 December 31, 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 — — 2,265 2,265 2,168 Residential mortgage loans — — 1,549 1,549 1,581 Policy loans — — 39 39 39 Other invested assets — — 57 57 57 Company-owned life insurance — — 333 333 333 Trade and notes receivables, net of allowance — — 557 557 557 Total $ — $ 72 $ 4,800 $ 4,872 $ 4,807 Liabilities Investment contracts, included in contractholder funds $ — $ — $ 27,448 $ 27,448 $ 31,529 Debt — 3,218 — 3,218 3,096 Total $ — $ 3,218 $ 27,448 $ 30,666 $ 34,625 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 net asset value ("NAV") is used as a practical expedient in determining fair value: Carrying Amount March 31, 2022 December 31, 2021 Investments in unconsolidated affiliates $ 153 $ 136 Equity securities (NAV) 47 48 Investments in unconsolidated affiliates (a) 2,696 2,350 $ 2,896 $ 2,534 (a) The fair value of these investments using the NAV practical expedient and their carrying amount are generally equal. 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 our 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. We account for our investment in unconsolidated affiliates using the equity method of accounting. Equity method investments are reported on a lag of up to three months for investee information not received timely.

Investments

Investments	3 Months Ended
Investments	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Investments	1.25 1.00 - 1.25 <1.00 March 31, 2022 LTV Ratios: Less than 50% $ 608 $ 21 $ 9 $ 638 29 % $ 631 29 % 50% to 60% 512 — — 512 23 % 494 23 % 60% to 75% 1,078 — — 1,078 48 % 1,016 47 % 75% to 85% $ — $ 9 $ — $ 9 1 % 6 1 % Commercial mortgage loans $ 2,198 $ 30 $ 9 $ 2,237 100 % $ 2,147 100 % December 31, 2021 LTV Ratios: Less than 50% $ 626 $ 33 $ 9 $ 668 31 % $ 745 33 % 50% to 60% 470 — — 470 22 % 481 21 % 60% to 75% 1,036 — — 1,036 47 % 1,039 46 % Commercial mortgage loans $ 2,132 $ 33 $ 9 $ 2,174 100 % $ 2,265 100 % We recognize a mortgage loan as delinquent when payments on the loan are greater than 30 days past due. At March 31, 2022 we had one CML that was delinquent in principal or interest payments as shown in the risk rating exposure table below. At December 31, 2021 we had no CMLs that were delinquent in principal or interest payments. Allowance for Expected Credit Loss We estimate expected credit losses for our commercial mortgage loan portfolio using a probability of default/loss given default model. Significant inputs to this model include the loans current performance, underlying collateral type, location, contractual life, LTV, and DSC. The model projects losses using a two year reasonable and supportable forecast and then reverts over a three year period to market-wide historical loss experience. Changes in our allowance for expected credit losses on commercial mortgage loans are recognized in Recognized gains and losses, net in the accompanying unaudited Condensed Consolidated Statements of Earnings. An allowance for expected credit loss is not measured on accrued interest income for commercial mortgage loans as we have a process to write-off interest on loans that enter into non-accrual status (over 90 days past due). Residential Mortgage Loans Residential mortgage loans ("RMLs") represented approximately 5% of our total investments as of March 31, 2022. Our residential mortgage loans are closed end, amortizing loans and 100% of the properties are located in the United States. We diversify our RML portfolio by state to attempt to reduce concentration risk. The distribution of RMLs by state with highest-to-lowest concentration are reflected in the following tables (dollars in millions): March 31, 2022 U.S. State: Gross Carrying Value % of Total Florida $ 288 14 % Texas 218 11 % New Jersey 170 8 % California 141 7 % Pennsylvania 134 7 % New York 131 7 % Georgia 115 6 % All Other States (1) 813 40 % Total residential mortgage loans $ 2,010 100 % (1) The individual concentration of each state is equal to or less than 5% as of March 31, 2022. December 31, 2021 U.S. State: Gross Carrying Value % of Total Florida $ 234 15 % Texas 170 10 % New Jersey 153 10 % All other states (1) 1,047 65 % Total residential mortgage loans $ 1,604 100 % (1) The individual concentration of each state is less than 9% as of December 31, 2021. Residential mortgage loans have a primary credit quality indicator of either a performing or nonperforming loan. We define non-performing residential mortgage loans as those that are 90 or more days past due or in nonaccrual status which is assessed monthly. The credit quality of RMLs as of March 31, 2022 and December 31, 2021, was as follows (dollars in millions): March 31, 2022 December 31, 2021 Performance indicators: Carrying Value % of Total Carrying Value % of Total Performing $ 1,947 97 % $ 1,533 95 % Non-performing 65 3 % 73 5 % Total residential mortgage loans, gross of valuation allowance $ 2,012 100 % $ 1,606 100 % Allowance for expected loan loss (26) — % (25) — % Total residential mortgage loans $ 1,986 100 % $ 1,581 100 % Loans segregated by risk rating exposure as of March 31, 2022 and December 31, 2021, were as follows (in millions): March 31, 2022 Amortized Cost by Origination Year 2022 2021 2020 2019 2018 Prior Total Residential mortgages Current (less than 30 days past due) $ 377 $ 916 $ 264 $ 276 $ 38 $ 48 $ 1,919 30-89 days past due — 10 6 12 — — 28 Over 90 days past due — 1 15 45 2 — 63 Total residential mortgages $ 377 $ 927 $ 285 $ 333 $ 40 $ 48 $ 2,010 Commercial mortgages Current (less than 30 days past due) $ 89 $ 1,301 $ 543 $ — $ — $ 295 $ 2,228 30-89 days past due — — — — — 9 9 Over 90 days past due — — — — — — — Total commercial mortgages $ 89 $ 1,301 $ 543 $ — $ — $ 304 $ 2,237 December 31, 2021 Amortized Cost by Origination Year 2021 2020 2019 2018 2017 Prior Total Residential mortgages Current (less than 30 days past due) $ 795 $ 293 $ 323 $ 50 $ 36 $ 21 $ 1,518 30-89 days past due 5 4 6 1 — — 16 Over 90 days past due 1 23 46 2 — — 72 Total residential mortgages $ 801 $ 320 $ 375 $ 53 $ 36 $ 21 $ 1,606 Commercial mortgages Current (less than 30 days past due) $ 1,301 $ 543 $ — $ 6 $ — $ 324 $ 2,174 30-89 days past due — — — — — — — Over 90 days past due — — — — — — — Total commercial mortgage $ 1,301 $ 543 $ — $ 6 $ — $ 324 $ 2,174 March 31, 2022 Amortized Cost by Origination Year 2022 2021 2020 2019 2018 Prior Total Commercial mortgages LTV Less than 50% $ 4 $ 120 $ 229 $ — $ — $ 285 $ 638 50% to 60% 43 267 192 — — 10 512 60% to 75% 42 914 122 — — — 1,078 75% to 85% — — — — — 9 9 Total commercial mortgages $ 89 $ 1,301 $ 543 $ — $ — $ 304 $ 2,237 Commercial mortgages DSCR Greater than 1.25x $ 89 $ 1,301 $ 543 $ — $ — $ 265 $ 2,198 1.00x - 1.25x — — — — — 30 30 Less than 1.00x — — — — — 9 9 Total commercial mortgages $ 89 $ 1,301 $ 543 $ — $ — $ 304 $ 2,237 December 31, 2021 Amortized Cost by Origination Year 2021 2020 2019 2018 2017 Prior Total Commercial mortgages LTV Less than 50% $ 120 $ 229 $ — $ 6 $ — $ 313 $ 668 50% to 60% 267 192 — — — 11 470 60% to 75% 914 122 — — — — 1,036 Total commercial mortgages $ 1,301 $ 543 $ — $ 6 $ — $ 324 $ 2,174 Commercial mortgages DSCR Greater than 1.25x $ 1,301 $ 543 $ — $ 4 $ — $ 284 $ 2,132 1.00x - 1.25x — — — 2 — 31 33 Less than 1.00x — — — — — 9 9 Total commercial mortgages $ 1,301 $ 543 $ — $ 6 $ — $ 324 $ 2,174 Non-accrual loans by amortized cost as of March 31, 2022 and December 31, 2021, were as follows (in millions): Amortized cost of loans on non-accrual March 31, 2022 December 31, 2021 Residential mortgage: $ 63 $ 72 Commercial mortgage: — — Total non-accrual loans $ 63 $ 72 Immaterial interest income was recognized on non-accrual financing receivables for the three months ended March 31, 2022 and 2021. It is our policy to cease to accrue interest on loans that are over 90 days delinquent. For loans less than 90 days delinquent, interest is accrued unless it is determined that the accrued interest is not collectible. If a loan becomes over 90 days delinquent, it is our general policy to initiate foreclosure proceedings unless a workout arrangement to bring the loan current is in place. As of March 31, 2022 and December 31, 2021, we had $63 million and $72 million, respectively, of mortgage loans that were over 90 days past due, of which $39 million was in the process of foreclosure for both periods. We will continue to evaluate these policies with regard to the economic challenges for mortgage debtors related to COVID-19. Our ability to initiate foreclosure proceedings may be limited by legislation passed and executive orders issued in response to COVID-19. Allowance for Expected Credit Loss We estimate expected credit losses for our residential mortgage loan portfolio using a probability of default/loss given default model. Significant inputs to this model include the loans' current performance, underlying collateral type, location, contractual life, LTV, and Debt to Income or FICO. The model projects losses using a two year reasonable and supportable forecast and then reverts over a three year period to market-wide historical loss experience. 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 (in millions): Three months ended March 31, 2022 Residential Mortgage Commercial Mortgage Total Beginning Balance $ 25 $ 6 $ 31 Provision for loan losses 1 — 1 Ending Balance $ 26 $ 6 $ 32 Three months ended March 31, 2021 Residential Mortgage Commercial Mortgage Total Beginning Balance $ 37 $ 2 $ 39 Provision for loan losses (6) 3 (3) Ending Balance $ 31 $ 5 $ 36 An allowance for expected credit loss is not measured on accrued interest income for commercial mortgage loans as we have a process to write-off interest on loans that enter into non-accrual status (over 90 days past due). Allowances for expected credit losses are measured on accrued interest income for residential mortgage loans and were immaterial as of March 31, 2022 and December 31, 2021. Interest and Investment Income 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 March 31, 2022 March 31, 2021 Fixed maturity securities, available-for-sale $ 332 $ 307 Equity securities 8 5 Preferred securities 15 14 Mortgage loans 39 23 Invested cash and short-term investments 5 — Limited partnerships 113 80 Tax deferred property exchange income 3 4 Other investments 9 8 Gross investment income 524 441 Investment expense (46) (39) Interest and investment income $ 478 $ 402 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 March 31, 2022 March 31, 2021 Net realized (losses) gains on fixed maturity available-for-sale securities $ (36) $ 40 Net realized/unrealized losses on equity securities (1) (148) (46) Net realized/unrealized losses on preferred securities (2) (91) (10) Realized losses on other invested assets (1) (3) Change in allowance for expected credit losses (4) 10 Derivatives and embedded derivatives: Realized gains on certain derivative instruments 50 60 Unrealized losses on certain derivative instruments (358) (35) Change in fair value of reinsurance related embedded derivatives (3) 122 27 Change in fair value of other derivatives and embedded derivatives (3) — Realized gains (losses) on derivatives and embedded derivatives (189) 52 Recognized gains and losses, net $ (469) $ 43 (1) Includes net valuation losses of $166 million and and $46 million for the three months ended March 31, 2022 and 2021, respectively. (2) Includes net valuation losses of $90 million and $3 million for the three months ended March 21, 2022 and 2021, respectively. (3) Change in fair value of reinsurance related embedded derivatives is due to activity related to the reinsurance treaties with Kubera (novated from Kubera to Sommerset effective October 31, 2021) and Aspida Re. The proceeds from the sale of fixed-maturity securities and the gross gains and losses associated with those transactions were as follows (in millions): Three months ended March 31, 2022 March 31, 2021 Proceeds $ 1,032 $ 424 Gross gains 3 32 Gross losses (37) (8) Unconsolidated Variable Interest Entities We own investments in VIEs that are not consolidated within our financial statements. A VIE is an entity that does not have sufficient equity to finance its own activities without additional financial support, where investors lack certain characteristics of a controlling financial interest, or where the entity is structured with non-substantive voting rights. VIEs are consolidated by their ‘primary beneficiary’, a designation given to an entity that receives both the benefits from the VIE as well as the substantive power to make its key economic decisions. While we participate in the benefits from VIEs in which we invest, but do not consolidate, the substantive power to make the key economic decisions for each respective VIE resides with entities not under our common control. It is for this reason that we are not considered the primary beneficiary for the VIE investments that are not consolidated. We invest in various limited partnerships and limited liability companies primarily as a passive investor. These investments are primarily in credit funds with a bias towards current income, real assets, or private equity. Limited partnership and limited liability company interests are accounted for under the equity method and are included in Investments in unconsolidated affiliates on our unaudited Condensed Consolidated Balance Sheets. In addition, we invest in structured investments which may be VIEs, but for which we are not the primary beneficiary. These structured investments typically invest in fixed income investments and are managed by third parties and include asset-backed securities, commercial mortgage-backed securities and residential mortgage-backed securities included in fixed maturity securities available for sale on our unaudited Condensed Consolidated Balance Sheets. Our maximum exposure to loss with respect to these VIEs is limited to the investment carrying amounts reported in our unaudited Condensed Consolidated Balance Sheets for limited partnerships and the amortized costs of our fixed maturity securities, in addition to any required unfunded commitments (also refer to Note F Commitments and Contingencies ). The following table summarizes the carrying value and the maximum loss exposure of our unconsolidated VIEs as of March 31, 2022 and December 31, 2021. March 31, 2022 December 31, 2021 Carrying Value Maximum Loss Exposure Carrying Value Maximum Loss Exposure Investment in limited partnerships $ 2,675 $ 3,751 $ 2,350 $ 3,496 Fixed maturity securities 12,849 13,591 12,382 12,802 Total unconsolidated VIE investments $ 15,524 $ 17,342 $ 14,732 $ 16,298 Investment in Cannae Holdings, Inc. ("Cannae") Included in equity securities as of March 31, 2022 and December 31, 2021 are 4,775,598 and 5,775,598 shares, respectively, of Cannae common stock (NYSE: CNNE). The fair value of this investment based on quoted market prices is $114 million and $203 million as of March 31, 2022 and December 31, 2021, respectively. During the three months ended March 31, 2022, we sold 1 million shares of CNNE common stock back to Cannae for approximately $24 million in the aggregate. In order to maintain the tax-free treatment of the November 17, 2017 split-off of Cannae from us, we are obligated to dispose of our remaining shares of CNNE common stock by November 17, 2022." id="sjs-B4">Investments Our fixed maturity securities investments have been designated as available-for-sale ("AFS"), 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 preferred and equity securities investments are carried at fair value with unrealized gains and losses included in net earnings. The Company’s consolidated investments at March 31, 2022 and December 31, 2021 are summarized as follows (in millions): March 31, 2022 Amortized Cost Allowance for Expected Credit Losses Gross Unrealized Gains Gross Unrealized Losses Fair Value Carrying Value Available-for-sale securities Asset-backed securities $ 9,137 $ (1) $ 129 $ (207) $ 9,058 $ 9,058 Commercial mortgage-backed securities 2,951 (2) 170 (67) 3,052 3,052 Corporates 16,480 (3) 188 (1,124) 15,541 15,541 Hybrids 832 — 31 (14) 849 849 Municipals 1,444 — 17 (89) 1,372 1,372 Residential mortgage-backed securities 801 (5) 4 (39) 761 761 U.S. Government 594 — 3 (10) 587 587 Foreign Governments 269 — 3 (14) 258 258 Total available-for-sale securities $ 32,508 $ (11) $ 545 $ (1,564) $ 31,478 $ 31,478 December 31, 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 $ 8,516 $ (3) $ 220 $ (38) $ 8,695 $ 8,695 Commercial mortgage-backed/asset-backed securities 2,684 (2) 308 (11) 2,979 2,979 Corporates 15,822 — 830 (158) 16,494 16,494 Hybrids 838 — 74 — 912 912 Municipals 1,445 — 67 (11) 1,501 1,501 Residential mortgage-backed securities 731 (3) 7 (4) 731 731 U.S. Government 393 — 3 (2) 394 394 Foreign Governments 276 — 9 (1) 284 284 Total available-for-sale securities $ 30,705 $ (8) $ 1,518 $ (225) $ 31,990 $ 31,990 Securities held on deposit with various state regulatory authorities had a fair value of $15,578 million and $22,343 million at March 31, 2022 and December 31, 2021, respectively. As of March 31, 2022 and December 31, 2021, the Company held no material investments that were non-income producing for a period greater than twelve months. As of March 31, 2022 and December 31, 2021, the Company's accrued interest receivable balance was $278 million and $253 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 us for general purposes. The collateral investments had a fair value of $2,840 million and $2,469 million as of March 31, 2022 and December 31, 2021, respectively. The amortized cost and fair value of fixed maturity 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. March 31, 2022 December 31, 2021 (in millions) (in millions) Amortized Cost Fair Value Amortized Cost Fair Value Corporates, Non-structured Hybrids, Municipal and Government securities: Due in one year or less $ 439 $ 444 $ 426 $ 431 Due after one year through five years 3,320 3,249 2,998 3,051 Due after five years through ten years 2,378 2,295 2,389 2,458 Due after ten years 13,456 12,590 12,930 13,608 Subtotal 19,593 18,578 18,743 19,548 Other securities which provide for periodic payments: Asset-backed securities 9,137 9,058 8,516 8,695 Commercial mortgage-backed securities 2,951 3,052 2,684 2,979 Structured hybrids 26 29 31 37 Residential mortgage-backed securities 801 761 731 731 Subtotal 12,915 12,900 11,962 12,442 Total fixed maturity available-for-sale securities $ 32,508 $ 31,478 $ 30,705 $ 31,990 Allowance for Expected Credit Loss We regularly review 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); • Current delinquencies and nonperforming assets of underlying collateral; • Expected future default rates; • Collateral value by vintage, geographic region, industry concentration or property type; • Subordination levels or other credit enhancements as of the balance sheet date as compared to origination; and • Contractual and regulatory cash obligations and the issuer's plans to meet such obligations. We recognize an allowance for current 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 AFS securities aggregated by investment category were as follows for the three months ended March 31, 2022 and 2021 (in millions): Three Months Ended March 31, 2022 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 $ (3) $ — $ — $ — $ 2 $ — $ — — $ (1) Commercial mortgage-backed securities (2) — — — — — — — (2) Corporates — (3) — — — — — — (3) Residential mortgage-backed securities (3) — — (2) — — — — (5) Total available-for-sale securities $ (8) $ (3) $ — $ (2) $ 2 $ — $ — $ — $ (11) Three Months Ended March 31, 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 Commercial mortgage-backed securities $ — $ (1) $ — $ — $ — $ — $ — $ — $ (1) Corporates (16) — — 7 — — 3 3 $ (3) Residential mortgage-backed securities (3) — — — — — — — $ (3) Total available-for-sale securities $ (19) $ (1) $ — $ 7 $ — $ — $ 3 $ 3 $ (7) (1) Purchased credit deteriorated financial assets ("PCD") PCDs 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. There were no purchases of PCD AFS securities during the three months ended March 31, 2022 or 2021. 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 March 31, 2022 and December 31, 2021 were as follows (dollars in millions): March 31, 2022 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 $ 5,910 $ (179) $ 348 $ (28) $ 6,258 $ (207) Commercial mortgage-backed securities 1,205 (62) 44 (5) 1,249 (67) Corporates 10,103 (817) 1,613 (307) 11,716 (1,124) Hybrids 407 (14) 2 — 409 (14) Municipals 954 (72) 131 (17) 1,085 (89) Residential mortgage-backed securities 609 (37) 19 (2) 628 (39) U.S. Government 327 (9) 30 (1) 357 (10) Foreign Government 152 (11) 12 (3) 164 (14) Total available-for-sale securities $ 19,667 $ (1,201) $ 2,199 $ (363) $ 21,866 $ (1,564) Total number of available-for-sale securities in an unrealized loss position less than twelve months 3,321 Total number of available-for-sale securities in an unrealized loss position twelve months or longer 223 Total number of available-for-sale securities in an unrealized loss position 3,544 December 31, 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 $ 4,410 $ (31) $ 146 $ (7) $ 4,556 $ (38) Commercial mortgage-backed securities 603 (11) 1 — 604 (11) Corporates 5,391 (132) 394 (26) 5,785 (158) Hybrids 3 — — — 3 — Municipals 410 (5) 85 (6) 495 (11) Residential mortgage-backed securities 325 (3) 11 (1) 336 (4) U.S. Government 219 (2) 4 — 223 (2) Foreign Government 82 (1) 5 — 87 (1) Total available-for-sale securities $ 11,443 $ (185) $ 646 $ (40) $ 12,089 $ (225) Total number of available-for-sale securities in an unrealized loss position less than twelve months 2,056 Total number of available-for-sale securities in an unrealized loss position twelve months or longer 68 Total number of available-for-sale securities in an unrealized loss position 2,124 We determined the increase in unrealized losses as of March 31, 2022 was caused by higher treasury rates as well as wider spreads. This is in part due to the Federal Reserve's action to increase rates in efforts to combat inflation. Inflation in the first quarter of 2022 has been compounded by supply chain issues stemming from additional COVID-19 restrictions in China, as well as higher energy prices as a result of the Russian-Ukrainian conflict. For securities in an unrealized loss position as of March 31, 2022, our allowance for expected credit loss was $11 million. We believe that unrealized loss position for which we have not recorded an allowance for expected credit loss as of March 31, 2022 was primarily attributable to interest rate increases, near-term illiquidity, and uncertainty caused by Russia's invasion of Ukraine as opposed to issuer specific credit concerns. Mortgage Loans Our mortgage loans are collateralized by commercial and residential properties. Commercial Mortgage Loans Commercial mortgage loans ("CMLs") represented approximately 7% of our total investments as of March 31, 2022. We primarily invest in mortgage loans on income producing properties including hotels, industrial properties, retail buildings, multifamily properties and office buildings. We diversify our CML portfolio by geographic region and property type to attempt to reduce concentration risk. We continuously evaluate CMLs based on relevant current information to ensure properties are performing at a consistent and acceptable level to secure the related debt. The distribution of CMLs, gross of valuation allowances, by property type and geographic region is reflected in the following tables (dollars in millions): March 31, 2022 December 31, 2021 Gross Carrying Value % of Total Gross Carrying Value % of Total Property Type: Hotel $ 19 1 % $ 19 1 % Industrial - General 486 22 % 497 23 % Mixed Use 12 1 % 13 1 % Multifamily 979 43 % 894 41 % Office 342 15 % 343 16 % Retail 108 5 % 121 6 % Student Housing 83 4 % 83 4 % Other 208 9 % 204 8 % Total commercial mortgage loans, gross of valuation allowance $ 2,237 100 % $ 2,174 100 % Allowance for expected credit loss (6) (6) Total commercial mortgage loans $ 2,231 $ 2,168 U.S. Region: East North Central $ 134 6 % $ 137 6 % East South Central 76 3 % 79 4 % Middle Atlantic 293 13 % 293 13 % Mountain 289 13 % 236 11 % New England 149 7 % 149 7 % Pacific 648 29 % 649 30 % South Atlantic 492 22 % 459 21 % West North Central 4 — % 12 1 % West South Central 152 7 % 160 7 % Total commercial mortgage loans, gross of valuation allowance $ 2,237 100 % $ 2,174 100 % Allowance for expected credit loss (6) (6) Total commercial mortgage loans $ 2,231 $ 2,168 Loan-to-value ("LTV") and debt service coverage ("DSC") ratios are measures commonly used to assess the risk and quality of mortgage loans. The LTV ratio is expressed as a percentage of the amount of the loan relative to the value of the underlying property. A LTV ratio in excess of 100% indicates the unpaid loan amount exceeds the underlying collateral. The DSC ratio, based upon the most recently received financial statements, is expressed as a percentage of the amount of a property’s net income to its debt service payments. A DSC ratio of less than 1.00 indicates that a property’s operations do not generate sufficient income to cover debt payments. We normalize our DSC ratios to a 25-year amortization period for purposes of our general loan allowance evaluation. 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 March 31, 2022 and December 31, 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 March 31, 2022 LTV Ratios: Less than 50% $ 608 $ 21 $ 9 $ 638 29 % $ 631 29 % 50% to 60% 512 — — 512 23 % 494 23 % 60% to 75% 1,078 — — 1,078 48 % 1,016 47 % 75% to 85% $ — $ 9 $ — $ 9 1 % 6 1 % Commercial mortgage loans $ 2,198 $ 30 $ 9 $ 2,237 100 % $ 2,147 100 % December 31, 2021 LTV Ratios: Less than 50% $ 626 $ 33 $ 9 $ 668 31 % $ 745 33 % 50% to 60% 470 — — 470 22 % 481 21 % 60% to 75% 1,036 — — 1,036 47 % 1,039 46 % Commercial mortgage loans $ 2,132 $ 33 $ 9 $ 2,174 100 % $ 2,265 100 % We recognize a mortgage loan as delinquent when payments on the loan are greater than 30 days past due. At March 31, 2022 we had one CML that was delinquent in principal or interest payments as shown in the risk rating exposure table below. At December 31, 2021 we had no CMLs that were delinquent in principal or interest payments. Allowance for Expected Credit Loss We estimate expected credit losses for our commercial mortgage loan portfolio using a probability of default/loss given default model. Significant inputs to this model include the loans current performance, underlying collateral type, location, contractual life, LTV, and DSC. The model projects losses using a two year reasonable and supportable forecast and then reverts over a three year period to market-wide historical loss experience. Changes in our allowance for expected credit losses on commercial mortgage loans are recognized in Recognized gains and losses, net in the accompanying unaudited Condensed Consolidated Statements of Earnings. An allowance for expected credit loss is not measured on accrued interest income for commercial mortgage loans as we have a process to write-off interest on loans that enter into non-accrual status (over 90 days past due). Residential Mortgage Loans Residential mortgage loans ("RMLs") represented approximately 5% of our total investments as of March 31, 2022. Our residential mortgage loans are closed end, amortizing loans and 100% of the properties are located in the United States. We diversify our RML portfolio by state to attempt to reduce concentration risk. The distribution of RMLs by state with highest-to-lowest concentration are reflected in the following tables (dollars in millions): March 31, 2022 U.S. State: Gross Carrying Value % of Total Florida $ 288 14 % Texas 218 11 % New Jersey 170 8 % California 141 7 % Pennsylvania 134 7 % New York 131 7 % Georgia 115 6 % All Other States (1) 813 40 % Total residential mortgage loans $ 2,010 100 % (1) The individual concentration of each state is equal to or less than 5% as of March 31, 2022. December 31, 2021 U.S. State: Gross Carrying Value % of Total Florida $ 234 15 % Texas 170 10 % New Jersey 153 10 % All other states (1) 1,047 65 % Total residential mortgage loans $ 1,604 100 % (1) The individual concentration of each state is less than 9% as of December 31, 2021. Residential mortgage loans have a primary credit quality indicator of either a performing or nonperforming loan. We define non-performing residential mortgage loans as those that are 90 or more days past due or in nonaccrual status which is assessed monthly. The credit quality of RMLs as of March 31, 2022 and December 31, 2021, was as follows (dollars in millions): March 31, 2022 December 31, 2021 Performance indicators: Carrying Value % of Total Carrying Value % of Total Performing $ 1,947 97 % $ 1,533 95 % Non-performing 65 3 % 73 5 % Total residential mortgage loans, gross of valuation allowance $ 2,012 100 % $ 1,606 100 % Allowance for expected loan loss (26) — % (25) — % Total residential mortgage loans $ 1,986 100 % $ 1,581 100 % Loans segregated by risk rating exposure as of March 31, 2022 and December 31, 2021, were as follows (in millions): March 31, 2022 Amortized Cost by Origination Year 2022 2021 2020 2019 2018 Prior Total Residential mortgages Current (less than 30 days past due) $ 377 $ 916 $ 264 $ 276 $ 38 $ 48 $ 1,919 30-89 days past due — 10 6 12 — — 28 Over 90 days past due — 1 15 45 2 — 63 Total residential mortgages $ 377 $ 927 $ 285 $ 333 $ 40 $ 48 $ 2,010 Commercial mortgages Current (less than 30 days past due) $ 89 $ 1,301 $ 543 $ — $ — $ 295 $ 2,228 30-89 days past due — — — — — 9 9 Over 90 days past due — — — — — — — Total commercial mortgages $ 89 $ 1,301 $ 543 $ — $ — $ 304 $ 2,237 December 31, 2021 Amortized Cost by Origination Year 2021 2020 2019 2018 2017 Prior Total Residential mortgages Current (less than 30 days past due) $ 795 $ 293 $ 323 $ 50 $ 36 $ 21 $ 1,518 30-89 days past due 5 4 6 1 — — 16 Over 90 days past due 1 23 46 2 — — 72 Total residential mortgages $ 801 $ 320 $ 375 $ 53 $ 36 $ 21 $ 1,606 Commercial mortgages Current (less than 30 days past due) $ 1,301 $ 543 $ — $ 6 $ — $ 324 $ 2,174 30-89 days past due — — — — — — — Over 90 days past due — — — — — — — Total commercial mortgage $ 1,301 $ 543 $ — $ 6 $ — $ 324 $ 2,174 March 31, 2022 Amortized Cost by Origination Year 2022 2021 2020 2019 2018 Prior Total Commercial mortgages LTV Less than 50% $ 4 $ 120 $ 229 $ — $ — $ 285 $ 638 50% to 60% 43 267 192 — — 10 512 60% to 75% 42 914 122 — — — 1,078 75% to 85% — — — — — 9 9 Total commercial mortgages $ 89 $ 1,301 $ 543 $ — $ — $ 304 $ 2,237 Commercial mortgages DSCR Greater than 1.25x $ 89 $ 1,301 $ 543 $ — $ — $ 265 $ 2,198 1.00x - 1.25x — — — — — 30 30 Less than 1.00x — — — — — 9 9 Total commercial mortgages $ 89 $ 1,301 $ 543 $ — $ — $ 304 $ 2,237 December 31, 2021 Amortized Cost by Origination Year 2021 2020 2019 2018 2017 Prior Total Commercial mortgages LTV Less than 50% $ 120 $ 229 $ — $ 6 $ — $ 313 $ 668 50% to 60% 267 192 — — — 11 470 60% to 75% 914 122 — — — — 1,036 Total commercial mortgages $ 1,301 $ 543 $ — $ 6 $ — $ 324 $ 2,174 Commercial mortgages DSCR Greater than 1.25x $ 1,301 $ 543 $ — $ 4 $ — $ 284 $ 2,132 1.00x - 1.25x — — — 2 — 31 33 Less than 1.00x — — — — — 9 9 Total commercial mortgages $ 1,301 $ 543 $ — $ 6 $ — $ 324 $ 2,174 Non-accrual loans by amortized cost as of March 31, 2022 and December 31, 2021, were as follows (in millions): Amortized cost of loans on non-accrual March 31, 2022 December 31, 2021 Residential mortgage: $ 63 $ 72 Commercial mortgage: — — Total non-accrual loans $ 63 $ 72 Immaterial interest income was recognized on non-accrual financing receivables for the three months ended March 31, 2022 and 2021. It is our policy to cease to accrue interest on loans that are over 90 days delinquent. For loans less than 90 days delinquent, interest is accrued unless it is determined that the accrued interest is not collectible. If a loan becomes over 90 days delinquent, it is our general policy to initiate foreclosure proceedings unless a workout arrangement to bring the loan current is in place. As of March 31, 2022 and December 31, 2021, we had $63 million and $72 million, respectively, of mortgage loans that were over 90 days past due, of which $39 million was in the process of foreclosure for both periods. We will continue to evaluate these policies with regard to the economic challenges for mortgage debtors related to COVID-19. Our ability to initiate foreclosure proceedings may be limited by legislation passed and executive orders issued in response to COVID-19. Allowance for Expected Credit Loss We estimate expected credit losses for our residential mortgage loan portfolio using a probability of default/loss given default model. Significant inputs to this model include the loans' current performance, underlying collateral type, location, contractual life, LTV, and Debt to Income or FICO. The model projects losses using a two year reasonable and supportable forecast and then reverts over a three year period to market-wide historical loss experience. 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 (in millions): Three months ended March 31, 2022 Residential Mortgage Commercial Mortgage Total Beginning Balance $ 25 $ 6 $ 31 Provision for loan losses 1 — 1 Ending Balance $ 26 $ 6 $ 32 Three months ended March 31, 2021 Residential Mortgage Commercial Mortgage Total Beginning Balance $ 37 $ 2 $ 39 Provision for loan losses (6) 3 (3) Ending Balance $ 31 $ 5 $ 36 An allowance for expected credit loss is not measured on accrued interest income for commercial mortgage loans as we have a process to write-off interest on loans that enter into non-accrual status (over 90 days past due). Allowances for expected credit losses are measured on accrued interest income for residential mortgage loans and were immaterial as of March 31, 2022 and December 31, 2021. Interest and Investment Income 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 March 31, 2022 March 31, 2021 Fixed maturity securities, available-for-sale $ 332 $ 307 Equity securities 8 5 Preferred securities 15 14 Mortgage loans 39 23 Invested cash and short-term investments 5 — Limited partnerships 113 80 Tax deferred property exchange income 3 4 Other investments 9 8 Gross investment income 524 441 Investment expense (46) (39) Interest and investment income $ 478 $ 402 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 March 31, 2022 March 31, 2021 Net realized (losses) gains on fixed maturity available-for-sale securities $ (36) $ 40 Net realized/unrealized losses on equity securities (1) (148) (46) Net realized/unrealized losses on preferred securities (2) (91) (10) Realized losses on other invested assets (1) (3) Change in allowance for expected credit losses (4) 10 Derivatives and embedded derivatives: Realized gains on certain derivative instruments 50 60 Unrealized losses on certain derivative instruments (358) (35) Change in fair value of reinsurance related embedded derivatives (3) 122 27 Change in fair value of other derivatives and embedded derivatives (3) — Realized gains (losses) on derivatives and embedded derivatives (189) 52 Recognized gains and losses, net $ (469) $ 43 (1) Includes net valuation losses of $166 million and and $46 million for the three months ended March 31, 2022 and 2021, respectively. (2) Includes net valuation losses of $90 million and $3 million for the three months ended March 21, 2022 and 2021, respectively. (3) Change in fair value of reinsurance related embedded derivatives is due to activity related to the reinsurance treaties with Kubera (novated from Kubera to Sommerset effective October 31, 2021) and Aspida Re. The proceeds from the sale of fixed-maturity securities and the gross gains and losses associated with those transactions were as follows (in millions): Three months ended March 31, 2022 March 31, 2021 Proceeds $ 1,032 $ 424 Gross gains 3 32 Gross losses (37) (8) Unconsolidated Variable Interest Entities We own investments in VIEs that are not consolidated within our financial statements. A VIE is an entity that does not have sufficient equity to finance its own activities without additional financial support, where investors lack certain characteristics of a controlling financial interest, or where the entity is structured with non-substantive voting rights. VIEs are consolidated by their ‘primary beneficiary’, a designation given to an entity that receives both the benefits from the VIE as well as the substantive power to make its key economic decisions. While we participate in the benefits from VIEs in which we invest, but do not consolidate, the substantive power to make the key economic decisions for each respective VIE resides with entities not under our common control. It is for this reason that we are not considered the primary beneficiary for the VIE investments that are not consolidated. We invest in various limited partnerships and limited liability companies primarily as a passive investor. These investments are primarily in credit funds with a bias towards current income, real assets, or private equity. Limited partnership and limited liability company interests are accounted for under the equity method and are included in Investments in unconsolidated affiliates on our unaudited Condensed Consolidated Balance Sheets. In addition, we invest in structured investments which may be VIEs, but for which we are not the primary beneficiary. These structured investments typically invest in fixed income investments and are managed by third parties and include asset-backed securities, commercial mortgage-backed securities and residential mortgage-backed securities included in fixed maturity securities available for sale on our unaudited Condensed Consolidated Balance Sheets. Our maximum exposure to loss with respect to these VIEs is limited to the investment carrying amounts reported in our unaudited Condensed Consolidated Balance Sheets for limited partnerships and the amortized costs of our fixed maturity securities, in addition to any required unfunded commitments (also refer to Note F Commitments and Contingencies ). The following table summarizes the carrying value and the maximum loss exposure of our unconsolidated VIEs as of March 31, 2022 and December 31, 2021. March 31, 2022 December 31, 2021 Carrying Value Maximum Loss Exposure Carrying Value Maximum Loss Exposure Investment in limited partnerships $ 2,675 $ 3,751 $ 2,350 $ 3,496 Fixed maturity securities 12,849 13,591 12,382 12,802 Total unconsolidated VIE investments $ 15,524 $ 17,342 $ 14,732 $ 16,298 Investment in Cannae Holdings, Inc. ("Cannae") Included in equity securities as of March 31, 2022 and December 31, 2021 are 4,775,598 and 5,775,598 shares, respectively, of Cannae common stock (NYSE: CNNE). The fair value of this investment based on quoted market prices is $114 million and $203 million as of March 31, 2022 and December 31, 2021, respectively. During the three months ended March 31, 2022, we sold 1 million shares of CNNE common stock back to Cannae for approximately $24 million in the aggregate. In order to maintain the tax-free treatment of the November 17, 2017 split-off of Cannae from us, we are obligated to dispose of our remaining shares of CNNE common stock by November 17, 2022.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
Derivative Financial Instruments	Mar. 31, 2022
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/IUL contracts, and reinsurance is as follows (in millions): March 31, 2022 December 31, 2021 Assets: Derivative investments: Call options $ 487 $ 816 Other long-term investments: Other embedded derivatives 30 33 Prepaid expenses and other assets: Reinsurance related embedded derivatives 50 — $ 567 $ 849 Liabilities: Contractholder funds: FIA/ IUL embedded derivatives $ 3,395 $ 3,883 Accounts payable and accrued liabilities: Reinsurance related embedded derivatives 1 73 $ 3,396 $ 3,956 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 March 31, 2022 March 31, 2021 Net investment gains (losses): Call options $ (314) $ 22 Futures contracts 3 — Foreign currency forwards 3 4 Other derivatives and embedded derivatives (3) — Reinsurance related embedded derivatives 122 27 Total net investment gains (losses) $ (189) $ 53 Benefits and other changes in policy reserves: FIA/ IUL embedded derivatives $ (488) $ (111) Additional Disclosures FIA/IUL Embedded Derivative and Call Options and Futures We have FIA and IUL 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/IUL embedded derivatives are 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 . We purchase derivatives consisting of a combination of call options and futures contracts (specifically for FIA contracts) on the applicable market indices to fund the index credits due to FIA/IUL 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/IUL 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 is presented in the following table (in millions): March 31, 2022 Counterparty Credit Rating Notional Fair Value Collateral Net Credit Risk Merrill Lynch AA//A+ $ 3,745 $ 79 $ 39 $ 40 Morgan Stanley /Aa3/A+ 1,679 14 17 — Barclay's Bank A+/A1/A 5,324 161 166 — Canadian Imperial Bank of Commerce AA/Aa2/A+ 3,178 84 93 — Wells Fargo A+/A1/BBB+ 2,535 73 77 — Goldman Sachs A/A2/BBB+ 410 11 11 — Credit Suisse A/A1/A+ 1,289 16 16 — Truist A+/A2/A 1,880 49 53 — Total $ 20,040 $ 487 $ 472 $ 40 December 31, 2021 Counterparty Credit Rating Notional Fair Value Collateral Net Credit Risk Merrill Lynch AA//A+ $ 3,307 $ 128 $ 86 $ 42 Morgan Stanley /Aa3/A+ 2,184 86 92 — Barclay's Bank A+/A1/A 5,197 231 233 — Canadian Imperial Bank of Commerce AA/Aa2/A+ 2,936 147 151 — Wells Fargo A+/A1/BBB+ 2,445 89 90 — Goldman Sachs A/A2/BBB+ 307 10 10 — Credit Suisse A/A1/A+ 1,485 74 75 — Truist A+/A2/A 1,543 51 53 — Total $ 19,404 $ 816 $ 790 $ 42 (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 March 31, 2022 and December 31, 2021 counterparties posted $472 million and $790 million, respectively, of collateral of which $364 million and $576 million, respectively, 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 March 31, 2022 and $42 million at December 31, 2021. 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 309 and 329 futures contracts at March 31, 2022 and December 31, 2021, 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 at March 31, 2022 and December 31, 2021. Reinsurance Related Embedded Derivatives F&G entered into a reinsurance agreement with Kubera effective December 31, 2018, to cede certain multi-year guaranteed annuity ("MYGA") and deferred annuity business on a coinsurance funds withheld basis, net of applicable existing reinsurance. Effective October 31, 2021, this agreement was novated from Kubera to Somerset. Additionally, F&G entered into a reinsurance agreement with Aspida Re 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 F&G to pay Somerset and Aspida Re 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

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2022
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 that represents our best estimate has been recorded. Our accrual for legal and regulatory matters was $15 million and $12 million as of March 31, 2022 and December 31, 2021, 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. The Company's Board of Directors (“Board”) 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 gave 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 its shareholders, and what action we should take with respect to the lawsuit. On January 24, 2022, the SLC, acting on behalf of FNF, and the other parties to the lawsuit reached an agreement in principle to settle the action subject to various terms and conditions. On April 1, 2022, the parties entered into a definitive settlement agreement, which was filed with the court. The settlement has been presented to the court for approval, with a hearing scheduled for June 21, 2022, and if approved, is expected to be finalized shortly thereafter. 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. The parties have exchanged expert reports, and the matter is scheduled for trial during the second quarter of 2022. 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 March 31, 2022 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 March 31, 2022 is included below (in millions): March 31, 2022 Asset Type Unconsolidated VIEs: Limited partnerships $ 1,076 Whole loans 513 Fixed maturity securities, ABS 212 Other fixed maturity securities, AFS 101 Commercial mortgage loans 40 Other assets 146 Residential mortgage loans 1 Total $ 2,089

Dividends

Dividends	3 Months Ended
Dividends	Mar. 31, 2022
Equity [Abstract]
Dividends	DividendsOn May 10, 2022, our Board of Directors declared cash dividends of $0.44 per share, payable on June 30, 2022, to FNF common shareholders of record as of June 16, 2022.

Segment Information

Segment Information	3 Months Ended
Segment Information	Mar. 31, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information Summarized financial information concerning our reportable segments is shown in the following tables. As of and for the three months ended March 31, 2022: Title F&G Corporate and Other Total (In millions) Title premiums $ 1,866 $ — $ — $ 1,866 Other revenues 665 594 31 1,290 Revenues from external customers 2,531 594 31 3,156 Interest and investment income, including recognized gains and losses, net (148) 154 3 9 Total revenues 2,383 748 34 3,165 Depreciation and amortization 33 143 6 182 Interest expense — 8 22 30 Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of unconsolidated affiliates 249 341 (38) 552 Income tax expense (benefit) 57 105 (7) 155 Earnings (loss) from continuing operations before equity in earnings (loss) of unconsolidated affiliates 192 236 (31) 397 Equity in earnings of unconsolidated affiliates 2 — — 2 Net earnings (loss) from continuing operations $ 194 $ 236 $ (31) $ 399 Assets $ 9,478 $ 49,107 $ 2,272 $ 60,857 Goodwill 2,517 1,756 266 4,539 As of and for the three months ended March 31, 2021: Title F&G Corporate and Other Total (In millions) Title premiums $ 1,804 $ — $ — $ 1,804 Other revenues 745 64 42 851 Revenues from external customers 2,549 64 42 2,655 Interest and investment income, including recognized gains and losses, net (30) 475 — 445 Total revenues 2,519 539 42 3,100 Depreciation and amortization 33 144 6 183 Interest expense — 8 20 28 Earnings (loss) from continuing operations before income taxes and equity in earnings of unconsolidated affiliates 439 356 (38) 757 Income tax expense (benefit) 103 72 (9) 166 Earnings (loss) from continuing operations before equity in earnings (loss) of unconsolidated affiliates 336 284 (29) 591 Equity in earnings (loss) of unconsolidated affiliates 8 — 5 13 Net earnings (loss) from continuing operations $ 344 $ 284 $ (24) $ 604 Assets $ 9,389 $ 40,614 $ 1,486 $ 51,489 Goodwill 2,481 1,751 266 4,498 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 loan sub-servicing, valuations, default services, and home warranty products. • F&G . This segment primarily consists of the operations of our annuities and life insurance related businesses. This segment issues a broad portfolio of annuity and life products, including deferred annuities (fixed indexed and fixed rate annuities), immediate annuities and indexed universal life insurance. This segment also provides funding agreements and pension risk transfer solutions ("PRT"). • 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	3 Months Ended
Supplemental Cash Flow Information	Mar. 31, 2022
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. Three months ended March 31, 2022 2021 Cash paid for: Interest $ 36 $ 29 Income taxes 9 7 Deferred sales inducements 16 21 Non-cash investing and financing activities: Change in proceeds of sales of investments available for sale receivable in period 81 (9) Change in purchases of investments available for sale payable in period 277 164 Lease liabilities recognized in exchange for lease right-of-use assets 15 5 Remeasurement of lease liabilities 15 13

Revenue Recognition

Revenue Recognition	3 Months Ended
Revenue Recognition	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Disaggregation of Revenue Our revenue consists of: Three months ended March 31, 2022 2021 Revenue Stream Income Statement Classification Segment Total Revenue Revenue from insurance contracts: (in millions) Direct title insurance premiums Direct title insurance premiums Title $ 767 $ 746 Agency title insurance premiums Agency title insurance premiums Title 1,099 1,058 Life insurance premiums, insurance and investment product fees, and other Escrow, title-related and other fees F&G 594 64 Home warranty Escrow, title-related and other fees Title 34 39 Total revenue from insurance contracts 2,494 1,907 Revenue from contracts with customers: Escrow fees Escrow, title-related and other fees Title 265 324 Other title-related fees and income Escrow, title-related and other fees Title 196 205 ServiceLink, excluding title premiums, escrow fees, and subservicing fees Escrow, title-related and other fees Title 94 90 Real estate technology Escrow, title-related and other fees Corporate and other 38 32 Other Escrow, title-related and other fees Corporate and other (7) 10 Total revenue from contracts with customers 586 661 Other revenue: Loan subservicing revenue Escrow, title-related and other fees Title 76 87 Interest and investment income Interest and investment income Various 478 402 Recognized gains and losses, net Recognized gains and losses, net Various (469) 43 Total revenues Total revenues $ 3,165 $ 3,100 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 life-contingent PRT, traditional life insurance products and life-contingent immediate annuity products which are recognized as revenue when due from the policyholder. We have ceded the majority of our traditional life business to unaffiliated third party reinsurers. While the base contract has been reinsured, we continue to retain the return of premium rider. Insurance and investment product fees and other consist primarily of the cost of insurance on IUL policies, unearned revenue ("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. Premium and annuity deposit collections for FIA, fixed rate annuities, immediate annuities and PRT without life contingency, and amounts received for funding agreements are reported in the financial statements as deposit liabilities (i.e., contractholder funds) instead of as sales or revenues. Similarly, cash payments to customers are reported as decreases in the liability for contractholder funds and not as expenses. Sources of revenues for products accounted for as deposit liabilities include net investment income, surrender, cost of insurance and other charges deducted from contractholder funds, and net realized gains (losses) on investments. Components of expenses for products accounted for as deposit liabilities are interest-sensitive and index product benefits (primarily interest credited to account balances or the hedging cost of providing index credits to the policyholder), amortization of DAC, DSI, and VOBA, other operating costs and expenses, and income taxes. 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. 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 payments received on fixed maturity security holdings and dividends received on equity and preferred security holdings along with the investment income of limited partnerships. 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: March 31, 2022 December 31, 2021 (In millions) Trade receivables $ 497 $ 524 Deferred revenue (contract liabilities) 231 144 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 months ended March 31, 2022 and March 31, 2021, we recognized $38 million and $41 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	3 Months Ended
	Mar. 31, 2022
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 is as follows (in millions): VOBA DAC DSI Total Balance at January 1, 2022 $ 1,185 $ 761 $ 88 $ 2,034 Deferrals — 154 16 170 Amortization (94) (39) (11) (144) Interest 7 6 — 13 Unlocking (6) (1) 2 (5) Adjustment for net unrealized investment (gains) losses 318 88 21 427 Balance at March 31, 2022 $ 1,410 $ 969 $ 116 $ 2,495 VOBA DAC DSI Total Balance at January 1, 2021 $ 1,466 $ 222 $ 36 $ 1,724 Deferrals — 133 21 154 Amortization (132) (8) (8) (148) Interest 8 2 — 10 Unlocking 1 — — 1 Adjustment for net unrealized investment (gains) losses 132 (5) — 127 Balance at March 31, 2021 $ 1,475 $ 344 $ 49 $ 1,868 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 March 31, 2022 and March 31, 2021, the VOBA balances included cumulative adjustments for net unrealized investment gains (losses) of $(86) million and $152 million, respectively, the DAC balances included cumulative adjustments for net unrealized investment gains (losses) of $(49) million and $30 million, respectively, and the DSI balance included net unrealized investment gains (losses) of $(15) million and $4 million, respectively. For the in-force liabilities as of March 31, 2022, the estimated amortization expense for VOBA in future fiscal periods is as follows (in millions): Estimated Amortization Expense Fiscal Year 2022 $ (19) 2023 120 2024 157 2025 150 2026 138 Thereafter 778

F&G Reinsurance

F&G Reinsurance	3 Months Ended
F&G Reinsurance	Mar. 31, 2022
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 effects of reinsurance on net premiums earned and net benefits incurred (benefits paid and reserve changes) for the three months ended March 31, 2022 and March 31, 2021 were as follows (in millions): Three months ended Three months ended March 31, 2022 March 31, 2021 Net Premiums Earned Net Benefits Incurred Net Premiums Earned Net Benefits Incurred Direct $ 567 $ 513 $ 44 $ 293 Ceded (32) (305) (33) (319) Net $ 535 $ 208 $ 11 $ (26) 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 three months ended March 31, 2022 and March 31, 2021. F&G did not commute any ceded reinsurance treaties during the three months ended March 31, 2022 and March 31, 2021. 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 reinsurer's credit risk, expected timing of recovery, industry-wide historical default experience, senior unsecured bond recovery rates, and credit enhancement features. As of March 31, 2022 and March 31, 2021, the expected credit loss reserve was $20 million and $21 million, respectively. There were no changes in the expected credit loss reserve during the three months ended March 31, 2022 and March 31, 2021. 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. 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. F&G has an indemnity reinsurance agreement with Hannover Life Reassurance Company of America (Bermuda) Ltd. ("Hannover Re"), a third party reinsurer, to cede a quota share percentage of the net retention of guarantee payments in excess of account value for guaranteed minimum withdrawal benefit ("GMWB") and guaranteed minimum death benefit ("GMDB") guarantees associated with an in-force block of its FIA and fixed deferred annuity contracts. The effects of this agreement are not accounted for as reinsurance as it does not satisfy the risk transfer requirements for GAAP; therefore, deposit accounting is applied. F&G incurred risk charge fees of $5 million during the three months ended March 31, 2022 and March 31, 2021 in relation to this reinsurance agreement. F&G has a reinsurance agreement with Kubera to cede certain FIA statutory reserves on a coinsurance funds withheld basis, net of applicable existing reinsurance. In accordance with the terms of this agreement, F&G cedes a quota share percentage of FIA policies for certain issue years to Kubera. Effective October 31, 2021, this agreement was amended to increase the ceded reserves from approximately $4 billion to approximately $10 billion. As the policies ceded to Kubera are investment contracts, there is no significant insurance risk present and therefore the reinsurance agreement is accounted for as a separate investment contract. F&G incurred risk charge fees of $4 million and $1 million during the three months ended March 31, 2022 and March 31, 2021, respectively, in relation to this reinsurance agreement. 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 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. This treaty was subsequently amended effective January 1, 2021 and January 1, 2022, and now covers FIA policies with GMWB issued from January 1, 2020 to December 31, 2023. The effects of this agreement are not accounted for as reinsurance as it does not satisfy the risk transfer requirements for GAAP; therefore, deposit accounting is applied. F&G incurred risk charge fees of $1 million and $0 million during the three months ended March 31, 2022 and March 31, 2021, respectively, in relation to this reinsurance agreement. Concentration of Reinsurance Risk F&G has a significant concentration of reinsurance risk with third party reinsurers, Wilton Reassurance Company (“Wilton Re”), Aspida Re, and Somerset that could have a material impact on our financial position in the event that any of these reinsurers fails to perform its 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 March 31, 2022. Aspida Re has an A- issuer credit rating from AM Best and a BBB issuer credit rating from Fitch as of March 31, 2022, and the risk of non-performance is further mitigated through the funds withheld arrangement. Somerset has an A- issuer credit rating from AM Best and a BBB+ issuer credit rating from S&P as of March 31, 2022, and the risk of non-performance is further mitigated through the funds withheld arrangement. At March 31, 2022, the net amounts recoverable from Wilton Re, Aspida Re, and Somerset were $1,279 million, $1,103 million, and $727 million, respectively. We monitor 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. We believe that all amounts due from Wilton Re, Aspida Re, and Somerset for periodic treaty settlements are collectible as of March 31, 2022. 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, 2021.

F&G Insurance Subsidiary Financ

F&G Insurance Subsidiary Financial Information and Regulatory Matters	3 Months Ended
	Mar. 31, 2022
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: Three months ended March 31, 2022 2021 (Dollars in millions) Beginning balance $ 1,883 $ 1,623 Change in insurance recoverable (1) 25 Claim loss provision related to: Current year 84 81 Total title claim loss provision 84 81 Claims paid, net of recoupments related to: Current year (1) — Prior years (53) (46) Total title claims paid, net of recoupments (54) (46) Ending balance of claim loss reserve for title insurance $ 1,912 $ 1,683 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 through her former company, ANI Development LLC ("ANI"), or other affiliates 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 they were told that under California state law, alcoholic beverage license applicants are required to deposit into 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 and have been set for jury trial on December 2, 2022. 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, ABC Funding Strategies, LLC,Payson R. Stevens; Kamaljit K. Kapur and The Payson R. Stevens & Kamaljit Kaur Kapur Trust Dated March 28, 2014 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, as well as the recovery of attorneys fees. The Named Companies have filed a cross-complaint against Ms. Champion-Cain, and others. The Named Companies have reached a conditional settlement with members of ABC Funding Strategies, LLC plaintiffs under confidential terms. 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, and others. 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, and others. 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 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 seeks punitive damages and the recovery of attorneys’ fees. The Named Companies have filed a cross-complaint against Ms. Champion-Cain, and others. The following matters pending in the Superior Court of San Diego County for the State of California have conditionally settled under confidential terms: Yuan Yu and Polly Yu v. Chicago Title Co., et al., Ovation Fin. Holdings 2 LLC, Ovation Fund Mgmt. II, LLC, Banc of California, N.A. v. Chicago Title Ins. Co., and Blake E. Allred and Melissa M. Allred v. Chicago Title Co., et al. Additionally, in connection with the alcoholic beverage license scheme, the 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 by the court to preserve the assets of the defendant affiliated entities (the “receivership entities”), pay their debts, operate the businesses and pursue any claims they may have against third-parties. Pursuant to the authority granted to her by the federal court on the SEC action, on January 7, 2022, a lawsuit styled, Krista Freitag v. Chicago Title Co. and Chicago Title Ins. Co. , was filed in San Diego County Superior Court by the receiver on behalf of the receivership entities against the Named Companies. The receiver seeks compensatory, incidental, consequential, and punitive damages, and seeks the recovery of attorneys’ fees. The Named Companies have filed a demurrer seeking dismissal of the receiver’s complaint. The Named Companies also filed a motion in the SEC action seeking permission to sue ANI, via the receiver, to pursue indemnity and other claims against the receivership entities as joint tortfeasors in the state court actions. On February 28, 2022, the Named Companies’ motion was granted permitting them to sue ANI in the pending state court actions. On April 26, 2022, the Named Companies reached a conditional settlement with the receiver, which is subject to court approval. Chicago Title Company has also resolved a number of other pre-suit claims and previously-disclosed lawsuits from both individual and groups of alleged investors under confidential terms. Based on the facts and circumstances of the remaining claims, including the settlements already reached, we have recorded reserves included in our reserve for title claim losses which we believe are adequate to cover losses related to this matter, and we believe that our reserves for title claim losses are adequate. 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 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 $135 million and $106 million decrease to statutory capital and surplus at March 31, 2022 and December 31, 2021, 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 $65 million and $85 million at March 31, 2022 and December 31, 2021, respectively. Raven Re is also permitted to follow Iowa prescribed statutory accounting practice for its reserves on reinsurance assumed from FGL Insurance. Without such permitted statutory accounting practices, Raven Re’s statutory capital and surplus (deficit) and its risk-based capital would not 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 $95 million and $115 million at March 31, 2022 and December 31, 2021, respectively. As of March 31, 2022, FGL NY Insurance did not follow any prescribed or permitted statutory accounting practices that differ from the NAIC's statutory accounting practices.

Basis of Financial Statements (

Basis of Financial Statements (Policies)	3 Months Ended
Basis of Financial Statements (Policies)	Mar. 31, 2022
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, 2021.
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 assumed conversions of potentially dilutive securities. For periods when we recognize a net loss, diluted loss per share is equal to basic loss per share as the impact of assumed conversions
Recent Accounting Pronouncements	Recent Accounting Pronouncements 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 will not early adopt this standard. We have identified specific areas that will be impacted by the new guidance. This guidance will bring significant changes to how we account for certain insurance and annuity products within our business. As we continue to make progress on adopting this new guidance, we will be able to provide a better assessment of the specific impacts to our consolidated financial statements. In March 2022, the FASB issued ASU 2022-02, Financial Instruments-Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. The amendments in this update eliminate the Troubled Debt Restructuring ("TDR") recognition and measurement guidance for creditors and, instead, require that an entity evaluate whether the modification represents a new loan or a continuation of an existing loan. The amendments also enhance existing disclosure requirements and introduce new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. Additionally, these amendments require that an entity disclose current-period gross write-offs by year of origination for financing receivables and net investment in leases within the scope of Subtopic 326-20. The guidance is effective for entities that have adopted ASU 2016-13 Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326) for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, though early adoption is permitted. We do not currently expect to early adopt this standard and are in the process of assessing this standard and its impact on our accounting and disclosures.
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	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 life-contingent PRT, traditional life insurance products and life-contingent immediate annuity products which are recognized as revenue when due from the policyholder. We have ceded the majority of our traditional life business to unaffiliated third party reinsurers. While the base contract has been reinsured, we continue to retain the return of premium rider. Insurance and investment product fees and other consist primarily of the cost of insurance on IUL policies, unearned revenue ("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. Premium and annuity deposit collections for FIA, fixed rate annuities, immediate annuities and PRT without life contingency, and amounts received for funding agreements are reported in the financial statements as deposit liabilities (i.e., contractholder funds) instead of as sales or revenues. Similarly, cash payments to customers are reported as decreases in the liability for contractholder funds and not as expenses. Sources of revenues for products accounted for as deposit liabilities include net investment income, surrender, cost of insurance and other charges deducted from contractholder funds, and net realized gains (losses) on investments. Components of expenses for products accounted for as deposit liabilities are interest-sensitive and index product benefits (primarily interest credited to account balances or the hedging cost of providing index credits to the policyholder), amortization of DAC, DSI, and VOBA, other operating costs and expenses, and income taxes. 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. 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.

Summary of Reserve for Title _2

Summary of Reserve for Title Claim Losses (Tables)	3 Months Ended
Summary of Reserve for Title Claim Losses (Tables)	Mar. 31, 2022
Insurance [Abstract]
Summary of the Reserve for Claim Losses	A summary of the reserve for title claim losses follows: Three months ended March 31, 2022 2021 (Dollars in millions) Beginning balance $ 1,883 $ 1,623 Change in insurance recoverable (1) 25 Claim loss provision related to: Current year 84 81 Total title claim loss provision 84 81 Claims paid, net of recoupments related to: Current year (1) — Prior years (53) (46) Total title claims paid, net of recoupments (54) (46) Ending balance of claim loss reserve for title insurance $ 1,912 $ 1,683 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)	3 Months Ended
Fair Value of Financial Instruments (Tables)	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Carrying Amount and Estimated Fair Value of Assets and Liabilities 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): March 31, 2022 Level 1 Level 2 Level 3 Fair Value Carrying Amount Assets Cash and cash equivalents $ 2,793 $ — $ — $ 2,793 $ 2,793 Fixed maturity securities, available-for-sale: Asset-backed securities — 4,897 4,161 9,058 9,058 Commercial mortgage-backed securities — 3,012 40 3,052 3,052 Corporates 35 14,365 1,141 15,541 15,541 Hybrids 126 723 — 849 849 Municipals — 1,335 37 1,372 1,372 Residential mortgage-backed securities — 761 — 761 761 U.S. Government 587 — — 587 587 Foreign Governments — 241 17 258 258 Short term investments 1,403 324 19 1,746 1,746 Preferred securities 449 833 1 1,283 1,283 Equity securities 1,004 — 10 1,014 1,014 Derivative investments — 487 — 487 487 Reinsurance related embedded derivative, included in other assets — 50 — 50 50 Other long-term investments — — 70 70 70 Total financial assets at fair value $ 6,397 $ 27,028 $ 5,496 $ 38,921 $ 38,921 Liabilities Derivatives: FIA/ IUL embedded derivatives, included in contractholder funds — — 3,395 3,395 3,395 Reinsurance related embedded derivatives, included in accounts payable and accrued liabilities — 1 — 1 1 Total financial liabilities at fair value $ — $ 1 $ 3,395 $ 3,396 $ 3,396 December 31, 2021 Level 1 Level 2 Level 3 Fair Value Carrying Amount Assets Cash and cash equivalents $ 4,360 $ — $ — $ 4,360 $ 4,360 Fixed maturity securities, available-for-sale: Asset-backed securities — 4,736 3,959 8,695 8,695 Commercial mortgage-backed securities — 2,944 35 2,979 2,979 Corporates 37 15,322 1,135 16,494 16,494 Hybrids 132 780 — 912 912 Municipals — 1,458 43 1,501 1,501 Residential mortgage-backed securities — 731 — 731 731 U.S. Government 394 — — 394 394 Foreign Governments — 266 18 284 284 Short term investments 168 2 321 491 491 Preferred securities 506 893 2 1,401 1,401 Equity securities 1,206 — 9 1,215 1,215 Derivative investments — 816 — 816 816 Other long-term investments — — 78 78 78 Total financial assets at fair value $ 6,803 $ 27,948 $ 5,600 $ 40,351 $ 40,351 Liabilities Derivatives: FIA/ IUL embedded derivatives, included in contractholder funds — — 3,883 3,883 3,883 Reinsurance related embedded derivatives, included in accounts payable and accrued liabilities — 73 — 73 73 Total financial liabilities at fair value $ — $ 73 $ 3,883 $ 3,956 $ 3,956 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. March 31, 2022 (in millions) Level 1 Level 2 Level 3 Total Estimated Fair Value Carrying Amount Assets FHLB common stock $ — $ 79 $ — $ 79 $ 79 Commercial mortgage loans — — 2,147 2,147 2,231 Residential mortgage loans — — 1,904 1,904 1,986 Policy loans — — 40 40 40 Other invested assets — — 67 67 67 Company-owned life insurance — — 350 350 350 Trade and notes receivables, net of allowance — — 529 529 529 Total $ — $ 79 $ 5,037 $ 5,116 $ 5,282 Liabilities Investment contracts, included in contractholder funds $ — $ — $ 29,031 $ 29,031 $ 32,903 Debt — 2,929 — 2,929 3,095 Total $ — $ 2,929 $ 29,031 $ 31,960 $ 35,998 December 31, 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 — — 2,265 2,265 2,168 Residential mortgage loans — — 1,549 1,549 1,581 Policy loans — — 39 39 39 Other invested assets — — 57 57 57 Company-owned life insurance — — 333 333 333 Trade and notes receivables, net of allowance — — 557 557 557 Total $ — $ 72 $ 4,800 $ 4,872 $ 4,807 Liabilities Investment contracts, included in contractholder funds $ — $ — $ 27,448 $ 27,448 $ 31,529 Debt — 3,218 — 3,218 3,096 Total $ — $ 3,218 $ 27,448 $ 30,666 $ 34,625
Quantitative Information Regarding Significant Unobservable Inputs Used for Recurring Level Three Fair Value Measurements of Financial Instruments	Quantitative information regarding significant unobservable inputs used for recurring Level 3 fair value measurements of financial instruments carried at fair value as of March 31, 2022 and December 31, 2021 are as follows: Fair Value at Valuation Technique Unobservable Input(s) Range (Weighted average) March 31, 2022 (in millions) March 31, 2022 Assets Asset-backed securities $ 4,064 Broker-quoted Offered quotes 44.79% - 728.00% (94.48%) Asset-backed securities 97 Third-Party Valuation Offered quotes 86.52% - 103.47% (101.78%) Commercial mortgage-backed securities 23 Broker-quoted Offered quotes 120.24% - 120.24% (120.24%) Commercial mortgage-backed securities 17 Third Party Valuation Offered quotes 77.78% - 92.37% (86.30%) Corporates 456 Broker-quoted Offered quotes 0.00% - 124.44% (94.94%) Corporates 14 Discounted Cash Flow Discount Rate 44.00% - 100.00% (77.00%) Corporates 671 Third-Party Valuation Offered quotes 81.09% - 113.62% (99.17%) Municipals 37 Third-Party Valuation Offered quotes 118.69% - 118.69% (118.69%) Foreign Governments 17 Third-Party Valuation Offered quotes 104.86% - 113.31% (107.50%) Short term investments 19 Third-Party Valuation Offered quotes 94.33% - 95.49% (94.91%) Preferred securities 1 Income-Approach Yield 2.43% Equity securities 2 Black Scholes model Risk Free Rate 1.00% - 1.00% (1.00%) Strike Price $1.50 - $1.50 ($1.50) Volatility 81.00% - 81.00% (81.00%) Dividend Yield 0.00% - 0.00% (0.00%) Equity securities 4 Broker Quoted Offered quotes $50.00 - $55.00 ($52.50) Equity securities 4 Discounted Cash Flow Discount rate 11.10% - 11.10% (11.10%) Market Comparable Company Analysis EBITDA multiple 4.8x - 4.8x (4.8x) Other long-term investments: Available-for-sale embedded derivative 30 Black Scholes model Market value of fund 100.00% Credit Linked Note 19 Broker-quoted Offered quotes 100.00% Investment in affiliate 21 Market Comparable Company Analysis EBITDA multiple 8x-8x Total financial assets at fair value $ 5,496 Liabilities Derivative investments: FIA/ IUL embedded derivatives, included in contractholder funds $ 3,395 Discounted cash flow Market value of option 0.00% - 26.75% (1.74%) Swap rates 0.17% - 2.59% (1.38%) Mortality multiplier 100.00% - 100.00% (100.00%) Surrender rates 0.25% - 70.00% (6.24%) Partial withdrawals 2.00% - 23.26% (2.73%) Non-performance spread 0.49% - 1.23% (1.01%) Option cost 0.00% - 4.97% (1.82%) Total financial liabilities at fair value $ 3,395 Fair Value at Valuation Technique Unobservable Input(s) Range (Weighted average) December 31, 2021 (in millions) December 31, 2021 Assets Asset-backed securities $ 3,844 Broker-quoted Offered quotes 52.56% - 260.70% (97.06%) Asset-backed securities 115 Third-Party Valuation Offered quotes 93.02% - 108.45% (104.95%) Commercial mortgage-backed securities 24 Broker-quoted Offered quotes 126.70% - 126.70% (126.70%) Commercial mortgage-backed securities 11 Third Party Valuation Offered quotes 97.91% - 97.91% (97.91%) Corporates 380 Broker-quoted Offered quotes 0.00% - 109.69% (100.91%) Corporates 741 Third-Party Valuation Offered quotes 85.71% - 119.57% (107.72%) Corporates 14 Discounted Cash Flow Discount Rate 44.00% - 100.00% (62.00%) Municipals 43 Third-Party Valuation Offered quotes 135.09% - 135.09% (135.09%) Foreign Governments 18 Third-Party Valuation Offered quotes 107.23% - 116.44% (110.11%) Short term investments 321 Broker-quoted Offered quotes 100.00% - 100.00% (100.00%) Preferred securities 2 Income-Approach Yield 2.43% Equity securities 3 Broker Quoted Offered quotes $6.23 - $6.23 ($6.23) Equity securities 2 Black Scholes model Risk Free Rate 1.00% -1.00% (1.00%) Strike Price $1.50 - $1.50 ($1.50) Volatility 81.00% - 81.00% (81.00%) Dividend Yield 0.00% - 0.00% (0.00%) Equity securities 4 Discounted Cash Flow Discount rate 12.70% - 12.70% (12.70%) Market Comparable Company Analysis EBITDA multiple 5.9x - 5.9x (5.9x) Other long-term investments: Available-for-sale embedded derivative 34 Black Scholes model Market value of fund 100.00% Credit Linked Note 23 Broker-quoted Offered quotes 100.00% Investment in affiliate 21 Market Comparable Company Analysis EBITDA multiple 8x-8x Total financial assets at fair value $ 5,600 Liabilities Future policy benefits — Discounted cash flow Non-performance spread 0.50% Derivative investments: FIA/ IUL embedded derivatives, included in contractholder funds 3,883 Discounted cash flow Market value of option 0.00% - 38.72% (3.16%) Swap rates 0.05% - 1.94% (1.00%) Mortality multiplier 100.00% - 100.00% (100.00%) Surrender rates 0.25% - 70.00% (6.26%) Partial withdrawals 2.00% - 23.26% (2.72%) Non-performance spread 0.43% - 1.01% (0.68%) Option cost 0.07% - 4.97% (1.83%) Total financial liabilities at fair value $ 3,883
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 months ended March 31, 2022 and 2021. 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 March 31, 2022 (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 $ 3,959 $ — $ (130) $ 400 $ — $ (152) $ 84 $ 4,161 $ (138) Commercial mortgage-backed securities 35 — (2) — — — 7 40 (2) Corporates 1,135 — (74) 80 — (26) 26 1,141 (73) Municipals 43 — (6) — — — — 37 (5) Residential mortgage-backed securities — — — — — — — — — Foreign Governments 18 — (1) — — — — 17 (1) Short term investments 321 — (1) 20 — — (321) 19 (1) Preferred securities 2 — (1) — — — — 1 (1) Equity securities 9 — — 1 — — — 10 — Other long-term investments: Available-for-sale embedded derivative 34 (4) — — — — — 30 — Investment in affiliate 21 — — — — — — 21 — Credit linked note 23 — (3) — — (1) — 19 — Total Level 3 assets at fair value $ 5,600 $ (4) $ (218) $ 501 $ — $ (179) $ (204) $ 5,496 $ (221) Liabilities FIA/ IUL embedded derivatives, included in contractholder funds 3,883 (488) — — — — — 3,395 — Total Level 3 liabilities at fair value $ 3,883 $ (488) $ — $ — $ — $ — $ — $ 3,395 $ — (a) The net transfers out of Level 3 during the three months ended March 31, 2022 were exclusively to Level 2. Three months ended March 31, 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 $ 1,350 $ — $ (23) $ 358 $ — $ (92) $ — $ 1,593 $ (4) Commercial mortgage-backed securities 26 — (1) — — — — 25 1 Corporates 1,289 6 (39) 40 (5) (31) (14) 1,246 19 Hybrids 4 — — — — (4) — — — Municipals 43 — (2) — — — — 41 4 Residential mortgage-backed securities 483 — 12 5 — (13) — 487 27 Foreign Governments 17 — — — — — — 17 2 Equity securities 5 1 — 3 — — — 9 — Other long-term investments: Available-for-sale embedded derivative 27 2 — — — — — 29 — Credit linked note 23 — (4) — — — — 19 — Total Level 3 assets at fair value $ 3,267 $ 9 $ (57) $ 406 $ (5) $ (140) $ (14) $ 3,466 $ 49 Liabilities Future policy benefits $ 5 $ — $ — $ — $ — $ (1) $ — $ 4 $ — FIA/IUL embedded derivatives, included in contractholder funds 3,404 (111) — — — — — 3,293 — Total Level 3 liabilities at fair value $ 3,409 $ (111) $ — $ — $ — $ (1) $ — $ 3,297 $ —
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 months ended March 31, 2022 and 2021. 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 March 31, 2022 (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 $ 3,959 $ — $ (130) $ 400 $ — $ (152) $ 84 $ 4,161 $ (138) Commercial mortgage-backed securities 35 — (2) — — — 7 40 (2) Corporates 1,135 — (74) 80 — (26) 26 1,141 (73) Municipals 43 — (6) — — — — 37 (5) Residential mortgage-backed securities — — — — — — — — — Foreign Governments 18 — (1) — — — — 17 (1) Short term investments 321 — (1) 20 — — (321) 19 (1) Preferred securities 2 — (1) — — — — 1 (1) Equity securities 9 — — 1 — — — 10 — Other long-term investments: Available-for-sale embedded derivative 34 (4) — — — — — 30 — Investment in affiliate 21 — — — — — — 21 — Credit linked note 23 — (3) — — (1) — 19 — Total Level 3 assets at fair value $ 5,600 $ (4) $ (218) $ 501 $ — $ (179) $ (204) $ 5,496 $ (221) Liabilities FIA/ IUL embedded derivatives, included in contractholder funds 3,883 (488) — — — — — 3,395 — Total Level 3 liabilities at fair value $ 3,883 $ (488) $ — $ — $ — $ — $ — $ 3,395 $ — (a) The net transfers out of Level 3 during the three months ended March 31, 2022 were exclusively to Level 2. Three months ended March 31, 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 $ 1,350 $ — $ (23) $ 358 $ — $ (92) $ — $ 1,593 $ (4) Commercial mortgage-backed securities 26 — (1) — — — — 25 1 Corporates 1,289 6 (39) 40 (5) (31) (14) 1,246 19 Hybrids 4 — — — — (4) — — — Municipals 43 — (2) — — — — 41 4 Residential mortgage-backed securities 483 — 12 5 — (13) — 487 27 Foreign Governments 17 — — — — — — 17 2 Equity securities 5 1 — 3 — — — 9 — Other long-term investments: Available-for-sale embedded derivative 27 2 — — — — — 29 — Credit linked note 23 — (4) — — — — 19 — Total Level 3 assets at fair value $ 3,267 $ 9 $ (57) $ 406 $ (5) $ (140) $ (14) $ 3,466 $ 49 Liabilities Future policy benefits $ 5 $ — $ — $ — $ — $ (1) $ — $ 4 $ — FIA/IUL embedded derivatives, included in contractholder funds 3,404 (111) — — — — — 3,293 — Total Level 3 liabilities at fair value $ 3,409 $ (111) $ — $ — $ — $ (1) $ — $ 3,297 $ —
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 net asset value ("NAV") is used as a practical expedient in determining fair value: Carrying Amount March 31, 2022 December 31, 2021 Investments in unconsolidated affiliates $ 153 $ 136 Equity securities (NAV) 47 48 Investments in unconsolidated affiliates (a) 2,696 2,350 $ 2,896 $ 2,534 (a) The fair value of these investments using the NAV practical expedient and their carrying amount are generally equal.

Investments (Tables)

Investments (Tables)	3 Months Ended
Investments (Tables)	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Consolidated Investments	The Company’s consolidated investments at March 31, 2022 and December 31, 2021 are summarized as follows (in millions): March 31, 2022 Amortized Cost Allowance for Expected Credit Losses Gross Unrealized Gains Gross Unrealized Losses Fair Value Carrying Value Available-for-sale securities Asset-backed securities $ 9,137 $ (1) $ 129 $ (207) $ 9,058 $ 9,058 Commercial mortgage-backed securities 2,951 (2) 170 (67) 3,052 3,052 Corporates 16,480 (3) 188 (1,124) 15,541 15,541 Hybrids 832 — 31 (14) 849 849 Municipals 1,444 — 17 (89) 1,372 1,372 Residential mortgage-backed securities 801 (5) 4 (39) 761 761 U.S. Government 594 — 3 (10) 587 587 Foreign Governments 269 — 3 (14) 258 258 Total available-for-sale securities $ 32,508 $ (11) $ 545 $ (1,564) $ 31,478 $ 31,478 December 31, 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 $ 8,516 $ (3) $ 220 $ (38) $ 8,695 $ 8,695 Commercial mortgage-backed/asset-backed securities 2,684 (2) 308 (11) 2,979 2,979 Corporates 15,822 — 830 (158) 16,494 16,494 Hybrids 838 — 74 — 912 912 Municipals 1,445 — 67 (11) 1,501 1,501 Residential mortgage-backed securities 731 (3) 7 (4) 731 731 U.S. Government 393 — 3 (2) 394 394 Foreign Governments 276 — 9 (1) 284 284 Total available-for-sale securities $ 30,705 $ (8) $ 1,518 $ (225) $ 31,990 $ 31,990
Investments Classified by Contractual Maturity Date	The amortized cost and fair value of fixed maturity 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. March 31, 2022 December 31, 2021 (in millions) (in millions) Amortized Cost Fair Value Amortized Cost Fair Value Corporates, Non-structured Hybrids, Municipal and Government securities: Due in one year or less $ 439 $ 444 $ 426 $ 431 Due after one year through five years 3,320 3,249 2,998 3,051 Due after five years through ten years 2,378 2,295 2,389 2,458 Due after ten years 13,456 12,590 12,930 13,608 Subtotal 19,593 18,578 18,743 19,548 Other securities which provide for periodic payments: Asset-backed securities 9,137 9,058 8,516 8,695 Commercial mortgage-backed securities 2,951 3,052 2,684 2,979 Structured hybrids 26 29 31 37 Residential mortgage-backed securities 801 761 731 731 Subtotal 12,915 12,900 11,962 12,442 Total fixed maturity available-for-sale securities $ 32,508 $ 31,478 $ 30,705 $ 31,990
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 AFS securities aggregated by investment category were as follows for the three months ended March 31, 2022 and 2021 (in millions): Three Months Ended March 31, 2022 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 $ (3) $ — $ — $ — $ 2 $ — $ — — $ (1) Commercial mortgage-backed securities (2) — — — — — — — (2) Corporates — (3) — — — — — — (3) Residential mortgage-backed securities (3) — — (2) — — — — (5) Total available-for-sale securities $ (8) $ (3) $ — $ (2) $ 2 $ — $ — $ — $ (11) Three Months Ended March 31, 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 Commercial mortgage-backed securities $ — $ (1) $ — $ — $ — $ — $ — $ — $ (1) Corporates (16) — — 7 — — 3 3 $ (3) Residential mortgage-backed securities (3) — — — — — — — $ (3) Total available-for-sale securities $ (19) $ (1) $ — $ 7 $ — $ — $ 3 $ 3 $ (7) (1) Purchased credit deteriorated financial assets ("PCD")
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 March 31, 2022 and December 31, 2021 were as follows (dollars in millions): March 31, 2022 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 $ 5,910 $ (179) $ 348 $ (28) $ 6,258 $ (207) Commercial mortgage-backed securities 1,205 (62) 44 (5) 1,249 (67) Corporates 10,103 (817) 1,613 (307) 11,716 (1,124) Hybrids 407 (14) 2 — 409 (14) Municipals 954 (72) 131 (17) 1,085 (89) Residential mortgage-backed securities 609 (37) 19 (2) 628 (39) U.S. Government 327 (9) 30 (1) 357 (10) Foreign Government 152 (11) 12 (3) 164 (14) Total available-for-sale securities $ 19,667 $ (1,201) $ 2,199 $ (363) $ 21,866 $ (1,564) Total number of available-for-sale securities in an unrealized loss position less than twelve months 3,321 Total number of available-for-sale securities in an unrealized loss position twelve months or longer 223 Total number of available-for-sale securities in an unrealized loss position 3,544 December 31, 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 $ 4,410 $ (31) $ 146 $ (7) $ 4,556 $ (38) Commercial mortgage-backed securities 603 (11) 1 — 604 (11) Corporates 5,391 (132) 394 (26) 5,785 (158) Hybrids 3 — — — 3 — Municipals 410 (5) 85 (6) 495 (11) Residential mortgage-backed securities 325 (3) 11 (1) 336 (4) U.S. Government 219 (2) 4 — 223 (2) Foreign Government 82 (1) 5 — 87 (1) Total available-for-sale securities $ 11,443 $ (185) $ 646 $ (40) $ 12,089 $ (225) Total number of available-for-sale securities in an unrealized loss position less than twelve months 2,056 Total number of available-for-sale securities in an unrealized loss position twelve months or longer 68 Total number of available-for-sale securities in an unrealized loss position 2,124
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): March 31, 2022 December 31, 2021 Gross Carrying Value % of Total Gross Carrying Value % of Total Property Type: Hotel $ 19 1 % $ 19 1 % Industrial - General 486 22 % 497 23 % Mixed Use 12 1 % 13 1 % Multifamily 979 43 % 894 41 % Office 342 15 % 343 16 % Retail 108 5 % 121 6 % Student Housing 83 4 % 83 4 % Other 208 9 % 204 8 % Total commercial mortgage loans, gross of valuation allowance $ 2,237 100 % $ 2,174 100 % Allowance for expected credit loss (6) (6) Total commercial mortgage loans $ 2,231 $ 2,168 U.S. Region: East North Central $ 134 6 % $ 137 6 % East South Central 76 3 % 79 4 % Middle Atlantic 293 13 % 293 13 % Mountain 289 13 % 236 11 % New England 149 7 % 149 7 % Pacific 648 29 % 649 30 % South Atlantic 492 22 % 459 21 % West North Central 4 — % 12 1 % West South Central 152 7 % 160 7 % Total commercial mortgage loans, gross of valuation allowance $ 2,237 100 % $ 2,174 100 % Allowance for expected credit loss (6) (6) Total commercial mortgage loans $ 2,231 $ 2,168
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 March 31, 2022 and December 31, 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 March 31, 2022 LTV Ratios: Less than 50% $ 608 $ 21 $ 9 $ 638 29 % $ 631 29 % 50% to 60% 512 — — 512 23 % 494 23 % 60% to 75% 1,078 — — 1,078 48 % 1,016 47 % 75% to 85% $ — $ 9 $ — $ 9 1 % 6 1 % Commercial mortgage loans $ 2,198 $ 30 $ 9 $ 2,237 100 % $ 2,147 100 % December 31, 2021 LTV Ratios: Less than 50% $ 626 $ 33 $ 9 $ 668 31 % $ 745 33 % 50% to 60% 470 — — 470 22 % 481 21 % 60% to 75% 1,036 — — 1,036 47 % 1,039 46 % Commercial mortgage loans $ 2,132 $ 33 $ 9 $ 2,174 100 % $ 2,265 100 %
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): March 31, 2022 U.S. State: Gross Carrying Value % of Total Florida $ 288 14 % Texas 218 11 % New Jersey 170 8 % California 141 7 % Pennsylvania 134 7 % New York 131 7 % Georgia 115 6 % All Other States (1) 813 40 % Total residential mortgage loans $ 2,010 100 % (1) The individual concentration of each state is equal to or less than 5% as of March 31, 2022. December 31, 2021 U.S. State: Gross Carrying Value % of Total Florida $ 234 15 % Texas 170 10 % New Jersey 153 10 % All other states (1) 1,047 65 % Total residential mortgage loans $ 1,604 100 % (1) The individual concentration of each state is less than 9% as of December 31, 2021.
Schedule of Loans with Credit Quality Indicators, Performing or Nonperforming	The credit quality of RMLs as of March 31, 2022 and December 31, 2021, was as follows (dollars in millions): March 31, 2022 December 31, 2021 Performance indicators: Carrying Value % of Total Carrying Value % of Total Performing $ 1,947 97 % $ 1,533 95 % Non-performing 65 3 % 73 5 % Total residential mortgage loans, gross of valuation allowance $ 2,012 100 % $ 1,606 100 % Allowance for expected loan loss (26) — % (25) — % Total residential mortgage loans $ 1,986 100 % $ 1,581 100 %
Loans Segregated by Risk Rating Exposure	Loans segregated by risk rating exposure as of March 31, 2022 and December 31, 2021, were as follows (in millions): March 31, 2022 Amortized Cost by Origination Year 2022 2021 2020 2019 2018 Prior Total Residential mortgages Current (less than 30 days past due) $ 377 $ 916 $ 264 $ 276 $ 38 $ 48 $ 1,919 30-89 days past due — 10 6 12 — — 28 Over 90 days past due — 1 15 45 2 — 63 Total residential mortgages $ 377 $ 927 $ 285 $ 333 $ 40 $ 48 $ 2,010 Commercial mortgages Current (less than 30 days past due) $ 89 $ 1,301 $ 543 $ — $ — $ 295 $ 2,228 30-89 days past due — — — — — 9 9 Over 90 days past due — — — — — — — Total commercial mortgages $ 89 $ 1,301 $ 543 $ — $ — $ 304 $ 2,237 December 31, 2021 Amortized Cost by Origination Year 2021 2020 2019 2018 2017 Prior Total Residential mortgages Current (less than 30 days past due) $ 795 $ 293 $ 323 $ 50 $ 36 $ 21 $ 1,518 30-89 days past due 5 4 6 1 — — 16 Over 90 days past due 1 23 46 2 — — 72 Total residential mortgages $ 801 $ 320 $ 375 $ 53 $ 36 $ 21 $ 1,606 Commercial mortgages Current (less than 30 days past due) $ 1,301 $ 543 $ — $ 6 $ — $ 324 $ 2,174 30-89 days past due — — — — — — — Over 90 days past due — — — — — — — Total commercial mortgage $ 1,301 $ 543 $ — $ 6 $ — $ 324 $ 2,174 March 31, 2022 Amortized Cost by Origination Year 2022 2021 2020 2019 2018 Prior Total Commercial mortgages LTV Less than 50% $ 4 $ 120 $ 229 $ — $ — $ 285 $ 638 50% to 60% 43 267 192 — — 10 512 60% to 75% 42 914 122 — — — 1,078 75% to 85% — — — — — 9 9 Total commercial mortgages $ 89 $ 1,301 $ 543 $ — $ — $ 304 $ 2,237 Commercial mortgages DSCR Greater than 1.25x $ 89 $ 1,301 $ 543 $ — $ — $ 265 $ 2,198 1.00x - 1.25x — — — — — 30 30 Less than 1.00x — — — — — 9 9 Total commercial mortgages $ 89 $ 1,301 $ 543 $ — $ — $ 304 $ 2,237 December 31, 2021 Amortized Cost by Origination Year 2021 2020 2019 2018 2017 Prior Total Commercial mortgages LTV Less than 50% $ 120 $ 229 $ — $ 6 $ — $ 313 $ 668 50% to 60% 267 192 — — — 11 470 60% to 75% 914 122 — — — — 1,036 Total commercial mortgages $ 1,301 $ 543 $ — $ 6 $ — $ 324 $ 2,174 Commercial mortgages DSCR Greater than 1.25x $ 1,301 $ 543 $ — $ 4 $ — $ 284 $ 2,132 1.00x - 1.25x — — — 2 — 31 33 Less than 1.00x — — — — — 9 9 Total commercial mortgages $ 1,301 $ 543 $ — $ 6 $ — $ 324 $ 2,174
Financing Receivable, Nonaccrual	Non-accrual loans by amortized cost as of March 31, 2022 and December 31, 2021, were as follows (in millions): Amortized cost of loans on non-accrual March 31, 2022 December 31, 2021 Residential mortgage: $ 63 $ 72 Commercial mortgage: — — Total non-accrual loans $ 63 $ 72
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 (in millions): Three months ended March 31, 2022 Residential Mortgage Commercial Mortgage Total Beginning Balance $ 25 $ 6 $ 31 Provision for loan losses 1 — 1 Ending Balance $ 26 $ 6 $ 32 Three months ended March 31, 2021 Residential Mortgage Commercial Mortgage Total Beginning Balance $ 37 $ 2 $ 39 Provision for loan losses (6) 3 (3) Ending Balance $ 31 $ 5 $ 36
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 March 31, 2022 March 31, 2021 Fixed maturity securities, available-for-sale $ 332 $ 307 Equity securities 8 5 Preferred securities 15 14 Mortgage loans 39 23 Invested cash and short-term investments 5 — Limited partnerships 113 80 Tax deferred property exchange income 3 4 Other investments 9 8 Gross investment income 524 441 Investment expense (46) (39) Interest and investment income $ 478 $ 402 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 March 31, 2022 March 31, 2021 Net realized (losses) gains on fixed maturity available-for-sale securities $ (36) $ 40 Net realized/unrealized losses on equity securities (1) (148) (46) Net realized/unrealized losses on preferred securities (2) (91) (10) Realized losses on other invested assets (1) (3) Change in allowance for expected credit losses (4) 10 Derivatives and embedded derivatives: Realized gains on certain derivative instruments 50 60 Unrealized losses on certain derivative instruments (358) (35) Change in fair value of reinsurance related embedded derivatives (3) 122 27 Change in fair value of other derivatives and embedded derivatives (3) — Realized gains (losses) on derivatives and embedded derivatives (189) 52 Recognized gains and losses, net $ (469) $ 43 (1) Includes net valuation losses of $166 million and and $46 million for the three months ended March 31, 2022 and 2021, respectively. (2) Includes net valuation losses of $90 million and $3 million for the three months ended March 21, 2022 and 2021, respectively. (3) Change in fair value of reinsurance related embedded derivatives is due to activity related to the reinsurance treaties with Kubera (novated from Kubera to Sommerset effective October 31, 2021) and Aspida Re.
Proceeds from Sale of Fixed Maturity Available-for-sale Securities	The proceeds from the sale of fixed-maturity securities and the gross gains and losses associated with those transactions were as follows (in millions): Three months ended March 31, 2022 March 31, 2021 Proceeds $ 1,032 $ 424 Gross gains 3 32 Gross losses (37) (8)
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 March 31, 2022 and December 31, 2021. March 31, 2022 December 31, 2021 Carrying Value Maximum Loss Exposure Carrying Value Maximum Loss Exposure Investment in limited partnerships $ 2,675 $ 3,751 $ 2,350 $ 3,496 Fixed maturity securities 12,849 13,591 12,382 12,802 Total unconsolidated VIE investments $ 15,524 $ 17,342 $ 14,732 $ 16,298

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
Derivative Financial Instruments (Tables)	Mar. 31, 2022
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/IUL contracts, and reinsurance is as follows (in millions): March 31, 2022 December 31, 2021 Assets: Derivative investments: Call options $ 487 $ 816 Other long-term investments: Other embedded derivatives 30 33 Prepaid expenses and other assets: Reinsurance related embedded derivatives 50 — $ 567 $ 849 Liabilities: Contractholder funds: FIA/ IUL embedded derivatives $ 3,395 $ 3,883 Accounts payable and accrued liabilities: Reinsurance related embedded derivatives 1 73 $ 3,396 $ 3,956
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 March 31, 2022 March 31, 2021 Net investment gains (losses): Call options $ (314) $ 22 Futures contracts 3 — Foreign currency forwards 3 4 Other derivatives and embedded derivatives (3) — Reinsurance related embedded derivatives 122 27 Total net investment gains (losses) $ (189) $ 53 Benefits and other changes in policy reserves: FIA/ IUL embedded derivatives $ (488) $ (111)
Exposure to Credit Loss on Call Options Held	Information regarding our exposure to credit loss on the call options we hold is presented in the following table (in millions): March 31, 2022 Counterparty Credit Rating Notional Fair Value Collateral Net Credit Risk Merrill Lynch AA//A+ $ 3,745 $ 79 $ 39 $ 40 Morgan Stanley /Aa3/A+ 1,679 14 17 — Barclay's Bank A+/A1/A 5,324 161 166 — Canadian Imperial Bank of Commerce AA/Aa2/A+ 3,178 84 93 — Wells Fargo A+/A1/BBB+ 2,535 73 77 — Goldman Sachs A/A2/BBB+ 410 11 11 — Credit Suisse A/A1/A+ 1,289 16 16 — Truist A+/A2/A 1,880 49 53 — Total $ 20,040 $ 487 $ 472 $ 40 December 31, 2021 Counterparty Credit Rating Notional Fair Value Collateral Net Credit Risk Merrill Lynch AA//A+ $ 3,307 $ 128 $ 86 $ 42 Morgan Stanley /Aa3/A+ 2,184 86 92 — Barclay's Bank A+/A1/A 5,197 231 233 — Canadian Imperial Bank of Commerce AA/Aa2/A+ 2,936 147 151 — Wells Fargo A+/A1/BBB+ 2,445 89 90 — Goldman Sachs A/A2/BBB+ 307 10 10 — Credit Suisse A/A1/A+ 1,485 74 75 — Truist A+/A2/A 1,543 51 53 — Total $ 19,404 $ 816 $ 790 $ 42 (1) An * represents credit ratings that were not available.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
Commitments and Contingencies (Tables)	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Summary of Unfunded Commitments	A summary of unfunded commitments by invested asset class as of March 31, 2022 is included below (in millions): March 31, 2022 Asset Type Unconsolidated VIEs: Limited partnerships $ 1,076 Whole loans 513 Fixed maturity securities, ABS 212 Other fixed maturity securities, AFS 101 Commercial mortgage loans 40 Other assets 146 Residential mortgage loans 1 Total $ 2,089

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
Segment Information (Tables)	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Information	Summarized financial information concerning our reportable segments is shown in the following tables. As of and for the three months ended March 31, 2022: Title F&G Corporate and Other Total (In millions) Title premiums $ 1,866 $ — $ — $ 1,866 Other revenues 665 594 31 1,290 Revenues from external customers 2,531 594 31 3,156 Interest and investment income, including recognized gains and losses, net (148) 154 3 9 Total revenues 2,383 748 34 3,165 Depreciation and amortization 33 143 6 182 Interest expense — 8 22 30 Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of unconsolidated affiliates 249 341 (38) 552 Income tax expense (benefit) 57 105 (7) 155 Earnings (loss) from continuing operations before equity in earnings (loss) of unconsolidated affiliates 192 236 (31) 397 Equity in earnings of unconsolidated affiliates 2 — — 2 Net earnings (loss) from continuing operations $ 194 $ 236 $ (31) $ 399 Assets $ 9,478 $ 49,107 $ 2,272 $ 60,857 Goodwill 2,517 1,756 266 4,539 As of and for the three months ended March 31, 2021: Title F&G Corporate and Other Total (In millions) Title premiums $ 1,804 $ — $ — $ 1,804 Other revenues 745 64 42 851 Revenues from external customers 2,549 64 42 2,655 Interest and investment income, including recognized gains and losses, net (30) 475 — 445 Total revenues 2,519 539 42 3,100 Depreciation and amortization 33 144 6 183 Interest expense — 8 20 28 Earnings (loss) from continuing operations before income taxes and equity in earnings of unconsolidated affiliates 439 356 (38) 757 Income tax expense (benefit) 103 72 (9) 166 Earnings (loss) from continuing operations before equity in earnings (loss) of unconsolidated affiliates 336 284 (29) 591 Equity in earnings (loss) of unconsolidated affiliates 8 — 5 13 Net earnings (loss) from continuing operations $ 344 $ 284 $ (24) $ 604 Assets $ 9,389 $ 40,614 $ 1,486 $ 51,489 Goodwill 2,481 1,751 266 4,498

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	3 Months Ended
Supplemental Cash Flow Information (Tables)	Mar. 31, 2022
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. Three months ended March 31, 2022 2021 Cash paid for: Interest $ 36 $ 29 Income taxes 9 7 Deferred sales inducements 16 21 Non-cash investing and financing activities: Change in proceeds of sales of investments available for sale receivable in period 81 (9) Change in purchases of investments available for sale payable in period 277 164 Lease liabilities recognized in exchange for lease right-of-use assets 15 5 Remeasurement of lease liabilities 15 13

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
Revenue Recognition (Tables)	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Our revenue consists of: Three months ended March 31, 2022 2021 Revenue Stream Income Statement Classification Segment Total Revenue Revenue from insurance contracts: (in millions) Direct title insurance premiums Direct title insurance premiums Title $ 767 $ 746 Agency title insurance premiums Agency title insurance premiums Title 1,099 1,058 Life insurance premiums, insurance and investment product fees, and other Escrow, title-related and other fees F&G 594 64 Home warranty Escrow, title-related and other fees Title 34 39 Total revenue from insurance contracts 2,494 1,907 Revenue from contracts with customers: Escrow fees Escrow, title-related and other fees Title 265 324 Other title-related fees and income Escrow, title-related and other fees Title 196 205 ServiceLink, excluding title premiums, escrow fees, and subservicing fees Escrow, title-related and other fees Title 94 90 Real estate technology Escrow, title-related and other fees Corporate and other 38 32 Other Escrow, title-related and other fees Corporate and other (7) 10 Total revenue from contracts with customers 586 661 Other revenue: Loan subservicing revenue Escrow, title-related and other fees Title 76 87 Interest and investment income Interest and investment income Various 478 402 Recognized gains and losses, net Recognized gains and losses, net Various (469) 43 Total revenues Total revenues $ 3,165 $ 3,100
Information about Trade Receivables and Deferred Revenue	The following table provides information about trade receivables and deferred revenue: March 31, 2022 December 31, 2021 (In millions) Trade receivables $ 497 $ 524 Deferred revenue (contract liabilities) 231 144

Value of Business Acquired, D_2

Value of Business Acquired, Deferred Acquisition Costs and Deferred Sales Inducements (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Changes in Carrying Amounts of Intangible Assets, VOBA and DAC DSI	A summary of the changes in the carrying amounts of our VOBA, DAC and DSI intangible assets is as follows (in millions): VOBA DAC DSI Total Balance at January 1, 2022 $ 1,185 $ 761 $ 88 $ 2,034 Deferrals — 154 16 170 Amortization (94) (39) (11) (144) Interest 7 6 — 13 Unlocking (6) (1) 2 (5) Adjustment for net unrealized investment (gains) losses 318 88 21 427 Balance at March 31, 2022 $ 1,410 $ 969 $ 116 $ 2,495 VOBA DAC DSI Total Balance at January 1, 2021 $ 1,466 $ 222 $ 36 $ 1,724 Deferrals — 133 21 154 Amortization (132) (8) (8) (148) Interest 8 2 — 10 Unlocking 1 — — 1 Adjustment for net unrealized investment (gains) losses 132 (5) — 127 Balance at March 31, 2021 $ 1,475 $ 344 $ 49 $ 1,868
Estimated Amortization Expense for VOBA in Future Fiscal Periods	For the in-force liabilities as of March 31, 2022, the estimated amortization expense for VOBA in future fiscal periods is as follows (in millions): Estimated Amortization Expense Fiscal Year 2022 $ (19) 2023 120 2024 157 2025 150 2026 138 Thereafter 778

F&G Reinsurance (Tables)

F&G Reinsurance (Tables)	3 Months Ended
F&G Reinsurance (Tables)	Mar. 31, 2022
Reinsurance Disclosures [Abstract]
Effect of Reinsurance on Premiums Earned, Benefits Incurred and Reserve Changes	The effects of reinsurance on net premiums earned and net benefits incurred (benefits paid and reserve changes) for the three months ended March 31, 2022 and March 31, 2021 were as follows (in millions): Three months ended Three months ended March 31, 2022 March 31, 2021 Net Premiums Earned Net Benefits Incurred Net Premiums Earned Net Benefits Incurred Direct $ 567 $ 513 $ 44 $ 293 Ceded (32) (305) (33) (319) Net $ 535 $ 208 $ 11 $ (26)

Basis of Financial Statements -

Basis of Financial Statements - Recent Developments (Details) - F&G - Fidelity National Financial Inc.	Dec. 31, 2022	Mar. 14, 2022
Business Acquisition [Line Items]
Dividend to shareholders, pro rata percentage of common stock		15.00%
Forecast \| Subsequent Event
Business Acquisition [Line Items]
Ownership percentage by parent	85.00%

Basis of Financial Statements_2

Basis of Financial Statements - Income Tax (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Income tax expense	$ 155	$ 166
Income tax expense as percentage of earnings before income taxes, percent	28.00%	22.00%

Basis of Financial Statements_3

Basis of Financial Statements - Earnings Per Share (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Antidilutive securities excluded from computation of EPS, less than (in shares)	1	1

Summary of Reserve for Title _3

Summary of Reserve for Title Claim Losses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Loss Contingencies [Line Items]
Change in insurance recoverable	$ 12	$ 38
Title
Loss Contingencies [Line Items]
Beginning balance	1,883	1,623
Change in insurance recoverable	(1)	25
Claim loss provision related to:
Current year	84	81
Total title claim loss provision	84	81
Claims paid, net of recoupments related to:
Current year	(1)	0
Prior years	(53)	(46)
Total title claims paid, net of recoupments	(54)	(46)
Ending balance of claim loss reserve for title insurance	$ 1,912	$ 1,683
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	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
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
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	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Assets
Fixed maturities securities, available-for-sale, at fair value	$ 31,478		$ 31,990
Derivative investments	487		816
Total financial assets at fair value	5,496		5,600
Derivatives:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	5,496	$ 3,466	5,600	$ 3,267
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	(4)	9
Assets, Total Gains (Losses) Included in AOCI	(218)	(57)
Assets, Purchases	501	406
Assets, Sales	0	(5)
Assets, Settlements	(179)	(140)
Assets, Net transfer In (Out) of Level 3	(204)	(14)
Change in Unrealized Gains (Losses) Incl in OCI	(221)	49
Level 1
Assets
Cash and cash equivalents	2,793		4,360
Short term investments	1,403		168
Derivative investments	0		0
Total financial assets at fair value	6,397		6,803
Derivatives:
Total financial liabilities at fair value	0		0
Level 2
Assets
Cash and cash equivalents	0		0
Short term investments	324		2
Derivative investments	487		816
Total financial assets at fair value	27,028		27,948
Derivatives:
Total financial liabilities at fair value	1		73
Level 3
Assets
Cash and cash equivalents	0		0
Short term investments	19		321
Derivative investments	0		0
Total financial assets at fair value	5,496		5,600
Derivatives:
Total financial liabilities at fair value	3,395		3,883
Fair Value
Assets
Cash and cash equivalents	2,793		4,360
Short term investments	1,746		491
Derivative investments	487		816
Total financial assets at fair value	38,921		40,351
Derivatives:
Total financial liabilities at fair value	3,396		3,956
Carrying Value
Assets
Cash and cash equivalents	2,793		4,360
Short term investments	1,746		491
Derivative investments	487		816
Total financial assets at fair value	38,921		40,351
Derivatives:
Total financial liabilities at fair value	3,396		3,956
Reinsurance related embedded derivative, included in other assets \| Level 1
Assets
Derivative investments	0
Reinsurance related embedded derivative, included in other assets \| Level 2
Assets
Derivative investments	50
Reinsurance related embedded derivative, included in other assets \| Level 3
Assets
Derivative investments	0
Reinsurance related embedded derivative, included in other assets \| Fair Value
Assets
Derivative investments	50
Reinsurance related embedded derivative, included in other assets \| Carrying Value
Assets
Derivative investments	50
FIA/ IUL embedded derivatives, included in contractholder funds \| Level 1
Derivatives:
Derivative liability	0		0
FIA/ IUL embedded derivatives, included in contractholder funds \| Level 2
Derivatives:
Derivative liability	0		0
FIA/ IUL embedded derivatives, included in contractholder funds \| Level 3
Derivatives:
Derivative liability	3,395		3,883
FIA/ IUL embedded derivatives, included in contractholder funds \| Fair Value
Derivatives:
Derivative liability	3,395		3,883
FIA/ IUL embedded derivatives, included in contractholder funds \| Carrying Value
Derivatives:
Derivative liability	3,395		3,883
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	1		73
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	1		73
Reinsurance related embedded derivatives, included in accounts payable and accrued liabilities \| Carrying Value
Derivatives:
Derivative liability	1		73
Asset-backed securities
Assets
Fixed maturities securities, available-for-sale, at fair value	9,058		8,695
Derivatives:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	4,161	1,593	3,959	1,350
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	0
Assets, Total Gains (Losses) Included in AOCI	(130)	(23)
Assets, Purchases	400	358
Assets, Sales	0	0
Assets, Settlements	(152)	(92)
Assets, Net transfer In (Out) of Level 3	84	0
Change in Unrealized Gains (Losses) Incl in OCI	(138)	(4)
Asset-backed securities \| Level 1
Assets
Fixed maturities securities, available-for-sale, at fair value	0		0
Asset-backed securities \| Level 2
Assets
Fixed maturities securities, available-for-sale, at fair value	4,897		4,736
Asset-backed securities \| Level 3
Assets
Fixed maturities securities, available-for-sale, at fair value	4,161		3,959
Asset-backed securities \| Fair Value
Assets
Fixed maturities securities, available-for-sale, at fair value	9,058		8,695
Asset-backed securities \| Carrying Value
Assets
Fixed maturities securities, available-for-sale, at fair value	9,058		8,695
Commercial mortgage-backed securities
Assets
Fixed maturities securities, available-for-sale, at fair value	3,052		2,979
Derivatives:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	40	25	35	26
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	0
Assets, Total Gains (Losses) Included in AOCI	(2)	(1)
Assets, Purchases	0	0
Assets, Sales	0	0
Assets, Settlements	0	0
Assets, Net transfer In (Out) of Level 3	7	0
Change in Unrealized Gains (Losses) Incl in OCI	(2)	1
Commercial mortgage-backed securities \| Level 1
Assets
Fixed maturities securities, available-for-sale, at fair value	0		0
Commercial mortgage-backed securities \| Level 2
Assets
Fixed maturities securities, available-for-sale, at fair value	3,012		2,944
Commercial mortgage-backed securities \| Level 3
Assets
Fixed maturities securities, available-for-sale, at fair value	40		35
Commercial mortgage-backed securities \| Fair Value
Assets
Fixed maturities securities, available-for-sale, at fair value	3,052		2,979
Commercial mortgage-backed securities \| Carrying Value
Assets
Fixed maturities securities, available-for-sale, at fair value	3,052		2,979
Corporates
Assets
Fixed maturities securities, available-for-sale, at fair value	15,541		16,494
Derivatives:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	1,141	1,246	1,135	1,289
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	6
Assets, Total Gains (Losses) Included in AOCI	(74)	(39)
Assets, Purchases	80	40
Assets, Sales	0	(5)
Assets, Settlements	(26)	(31)
Assets, Net transfer In (Out) of Level 3	26	(14)
Change in Unrealized Gains (Losses) Incl in OCI	(73)	19
Corporates \| Level 1
Assets
Fixed maturities securities, available-for-sale, at fair value	35		37
Corporates \| Level 2
Assets
Fixed maturities securities, available-for-sale, at fair value	14,365		15,322
Corporates \| Level 3
Assets
Fixed maturities securities, available-for-sale, at fair value	1,141		1,135
Corporates \| Fair Value
Assets
Fixed maturities securities, available-for-sale, at fair value	15,541		16,494
Corporates \| Carrying Value
Assets
Fixed maturities securities, available-for-sale, at fair value	15,541		16,494
Hybrids
Assets
Fixed maturities securities, available-for-sale, at fair value	849		912
Derivatives:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value		0		4
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings		0
Assets, Total Gains (Losses) Included in AOCI		0
Assets, Purchases		0
Assets, Sales		0
Assets, Settlements		(4)
Assets, Net transfer In (Out) of Level 3		0
Change in Unrealized Gains (Losses) Incl in OCI		0
Hybrids \| Level 1
Assets
Fixed maturities securities, available-for-sale, at fair value	126		132
Hybrids \| Level 2
Assets
Fixed maturities securities, available-for-sale, at fair value	723		780
Hybrids \| Level 3
Assets
Fixed maturities securities, available-for-sale, at fair value	0		0
Hybrids \| Fair Value
Assets
Fixed maturities securities, available-for-sale, at fair value	849		912
Hybrids \| Carrying Value
Assets
Fixed maturities securities, available-for-sale, at fair value	849		912
Municipals
Derivatives:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	37	41	43	43
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	0
Assets, Total Gains (Losses) Included in AOCI	(6)	(2)
Assets, Purchases	0	0
Assets, Sales	0	0
Assets, Settlements	0	0
Assets, Net transfer In (Out) of Level 3	0	0
Change in Unrealized Gains (Losses) Incl in OCI	(5)	4
Municipals \| Level 1
Assets
Fixed maturities securities, available-for-sale, at fair value	0		0
Municipals \| Level 2
Assets
Fixed maturities securities, available-for-sale, at fair value	1,335		1,458
Municipals \| Level 3
Assets
Fixed maturities securities, available-for-sale, at fair value	37		43
Municipals \| Fair Value
Assets
Fixed maturities securities, available-for-sale, at fair value	1,372		1,501
Municipals \| Carrying Value
Assets
Fixed maturities securities, available-for-sale, at fair value	1,372		1,501
Residential mortgage-backed securities
Assets
Fixed maturities securities, available-for-sale, at fair value	761		731
Derivatives:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	0	487	0	483
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	0
Assets, Total Gains (Losses) Included in AOCI	0	12
Assets, Purchases	0	5
Assets, Sales	0	0
Assets, Settlements	0	(13)
Assets, Net transfer In (Out) of Level 3	0	0
Change in Unrealized Gains (Losses) Incl in OCI	0	27
Residential mortgage-backed securities \| Level 1
Assets
Fixed maturities securities, available-for-sale, at fair value	0		0
Residential mortgage-backed securities \| Level 2
Assets
Fixed maturities securities, available-for-sale, at fair value	761		731
Residential mortgage-backed securities \| Level 3
Assets
Fixed maturities securities, available-for-sale, at fair value	0		0
Residential mortgage-backed securities \| Fair Value
Assets
Fixed maturities securities, available-for-sale, at fair value	761		731
Residential mortgage-backed securities \| Carrying Value
Assets
Fixed maturities securities, available-for-sale, at fair value	761		731
U.S. Government
Assets
Fixed maturities securities, available-for-sale, at fair value	587		394
U.S. Government \| Level 1
Assets
Fixed maturities securities, available-for-sale, at fair value	587		394
U.S. Government \| Level 2
Assets
Fixed maturities securities, available-for-sale, at fair value	0		0
U.S. Government \| Level 3
Assets
Fixed maturities securities, available-for-sale, at fair value	0		0
U.S. Government \| Fair Value
Assets
Fixed maturities securities, available-for-sale, at fair value	587		394
U.S. Government \| Carrying Value
Assets
Fixed maturities securities, available-for-sale, at fair value	587		394
Foreign Governments
Assets
Fixed maturities securities, available-for-sale, at fair value	258		284
Derivatives:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	17	17	18	$ 17
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	0
Assets, Total Gains (Losses) Included in AOCI	(1)	0
Assets, Purchases	0	0
Assets, Sales	0	0
Assets, Settlements	0	0
Assets, Net transfer In (Out) of Level 3	0	0
Change in Unrealized Gains (Losses) Incl in OCI	(1)	$ 2
Foreign Governments \| Level 1
Assets
Fixed maturities securities, available-for-sale, at fair value	0		0
Foreign Governments \| Level 2
Assets
Fixed maturities securities, available-for-sale, at fair value	241		266
Foreign Governments \| Level 3
Assets
Fixed maturities securities, available-for-sale, at fair value	17		18
Foreign Governments \| Fair Value
Assets
Fixed maturities securities, available-for-sale, at fair value	258		284
Foreign Governments \| Carrying Value
Assets
Fixed maturities securities, available-for-sale, at fair value	258		284
Preferred securities
Assets
Equity and preferred securities	1,283		1,401
Derivatives:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	1		2
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0
Assets, Total Gains (Losses) Included in AOCI	(1)
Assets, Purchases	0
Assets, Sales	0
Assets, Settlements	0
Assets, Net transfer In (Out) of Level 3	0
Change in Unrealized Gains (Losses) Incl in OCI	(1)
Preferred securities \| Level 1
Assets
Equity and preferred securities	449		506
Preferred securities \| Level 2
Assets
Equity and preferred securities	833		893
Preferred securities \| Level 3
Assets
Equity and preferred securities	1		2
Preferred securities \| Fair Value
Assets
Equity and preferred securities	1,283		1,401
Preferred securities \| Carrying Value
Assets
Equity and preferred securities	1,283		1,401
Equity securities \| Level 1
Assets
Equity and preferred securities	1,004		1,206
Equity securities \| Level 2
Assets
Equity and preferred securities	0		0
Equity securities \| Level 3
Assets
Equity and preferred securities	10		9
Equity securities \| Fair Value
Assets
Equity and preferred securities	1,014		1,215
Equity securities \| Carrying Value
Assets
Equity and preferred securities	1,014		1,215
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	70		78
Other long-term investments \| Fair Value
Assets
Other long-term investments	70		78
Other long-term investments \| Carrying Value
Assets
Other long-term investments	70		78
Investment in affiliate
Derivatives:
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	21		$ 21
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0
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	0
Change in Unrealized Gains (Losses) Incl in OCI	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Narrative (Details)	Mar. 31, 2022$ / Contract
Credit linked note \| 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 Regarding Significant Unobservable Inputs Used for Recurring Level 3 Fair Value Measurements of Financial Instruments (Details) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value	$ 5,496	$ 5,600
Liabilities, fair value	3,395	3,883
Future policy benefits \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Liabilities, fair value		0
Fixed indexed annuities \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Liabilities, fair value	$ 3,395	$ 3,883
Minimum \| Future policy benefits \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non-performance spread		0.50%
Minimum \| Fixed indexed annuities \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non-performance spread	0.49%	0.43%
Market value of option	0.00%	0.00%
Swap rates	0.17%	0.05%
Mortality multiplier	100.00%	100.00%
Surrender rates	0.25%	0.25%
Partial withdrawals	2.00%	2.00%
Option cost	0.00%	0.07%
Maximum \| Fixed indexed annuities \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non-performance spread	1.23%	1.01%
Market value of option	26.75%	38.72%
Swap rates	2.59%	1.94%
Mortality multiplier	100.00%	100.00%
Surrender rates	70.00%	70.00%
Partial withdrawals	23.26%	23.26%
Option cost	4.97%	4.97%
Weighted Average \| Fixed indexed annuities \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non-performance spread	1.01%	0.68%
Market value of option	1.74%	3.16%
Swap rates	1.38%	1.00%
Mortality multiplier	100.00%	100.00%
Surrender rates	6.24%	6.26%
Partial withdrawals	2.73%	2.72%
Option cost	1.82%	1.83%
Insurance Subsidiary \| Minimum \| Discounted cash flow \| Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities		0.1270
Insurance Subsidiary \| Maximum \| Discounted cash flow \| Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities		0.1270
Insurance Subsidiary \| Weighted Average \| Discounted cash flow \| Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities		0.1270
Asset-backed securities \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value	$ 4,064	$ 3,844
Asset-backed securities \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value	$ 97	$ 115
Asset-backed securities \| Minimum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	44.79%	52.56%
Asset-backed securities \| Minimum \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	86.52%	93.02%
Asset-backed securities \| Maximum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	728.00%	260.70%
Asset-backed securities \| Maximum \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	103.47%	108.45%
Asset-backed securities \| Weighted Average \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	94.48%	97.06%
Asset-backed securities \| Weighted Average \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	101.78%	104.95%
Commercial mortgage-backed securities \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value	$ 23	$ 24
Commercial mortgage-backed securities \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value	$ 17	$ 11
Commercial mortgage-backed securities \| Minimum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	120.24%	126.70%
Commercial mortgage-backed securities \| Minimum \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	86.30%	97.91%
Commercial mortgage-backed securities \| Maximum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	120.24%	126.70%
Commercial mortgage-backed securities \| Maximum \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	77.78%	97.91%
Commercial mortgage-backed securities \| Weighted Average \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	120.24%	126.70%
Commercial mortgage-backed securities \| Weighted Average \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	92.37%	97.91%
Corporates \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value	$ 456	$ 380
Corporates \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value	671	741
Corporates \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value	$ 14	$ 14
Corporates \| Minimum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	0.00%	0.00%
Corporates \| Minimum \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	81.09%	85.71%
Corporates \| Minimum \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt securities	0.4400
Corporates \| Minimum \| Discounted cash flow \| Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt securities		0.4400
Corporates \| Maximum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	124.44%	109.69%
Corporates \| Maximum \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	113.62%	119.57%
Corporates \| Maximum \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt securities	1
Corporates \| Maximum \| Discounted cash flow \| Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt securities		1
Corporates \| Weighted Average \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	94.94%	100.91%
Corporates \| Weighted Average \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	99.17%	107.72%
Corporates \| Weighted Average \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt securities	0.7700
Corporates \| Weighted Average \| Discounted cash flow \| Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt securities		0.6200
Municipals \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value	$ 37	$ 43
Municipals \| Minimum \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	118.69%	135.09%
Municipals \| Maximum \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	118.69%	135.09%
Municipals \| Weighted Average \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	118.69%	135.09%
Foreign Governments \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value	$ 17	$ 18
Foreign Governments \| Minimum \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	104.86%	107.23%
Foreign Governments \| Maximum \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	113.31%	116.44%
Foreign Governments \| Weighted Average \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	107.50%	110.11%
Short term investments \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value	$ 19	$ 321
Short term investments \| Minimum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	94.33%	100.00%
Short term investments \| Maximum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	95.49%	100.00%
Short term investments \| Weighted Average \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	94.91%	100.00%
Preferred securities \| Insurance Subsidiary \| Income-Approach
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value	$ 1	$ 2
Yield	2.43%	2.43%
Equity securities \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value		$ 3
Equity securities \| Minimum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes		623.00%
Equity securities \| Minimum \| Broker-quoted \| EBITDA multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities	4.8	5.9
Equity securities \| Maximum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes		623.00%
Equity securities \| Maximum \| Broker-quoted \| EBITDA multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities	4.8	5.9
Equity securities \| Weighted Average \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes		623.00%
Equity securities \| Weighted Average \| Broker-quoted \| EBITDA multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities	4.8	5.9
Equity securities \| Insurance Subsidiary \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value	$ 4
Equity securities \| Insurance Subsidiary \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value	4	$ 4
Equity securities \| Insurance Subsidiary \| Black Scholes model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value	$ 2	$ 2
Equity securities \| Insurance Subsidiary \| Black Scholes model \| Dividend Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities		0
Equity securities \| Insurance Subsidiary \| Minimum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	5000.00%
Equity securities \| Insurance Subsidiary \| Minimum \| Discounted cash flow \| Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities	0.1110
Equity securities \| Insurance Subsidiary \| Minimum \| Black Scholes model \| Risk Free Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities	0.0100	0.0100
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	0.8100	0.8100
Equity securities \| Insurance Subsidiary \| Minimum \| Black Scholes model \| Dividend Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities	0
Equity securities \| Insurance Subsidiary \| Maximum \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	5500.00%
Equity securities \| Insurance Subsidiary \| Maximum \| Discounted cash flow \| Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities	0.1110
Equity securities \| Insurance Subsidiary \| Maximum \| Black Scholes model \| Risk Free Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities	0.0100	0.0100
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	0.8100	0.8100
Equity securities \| Insurance Subsidiary \| Maximum \| Black Scholes model \| Dividend Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities	0
Equity securities \| Insurance Subsidiary \| Weighted Average \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes	5250.00%
Equity securities \| Insurance Subsidiary \| Weighted Average \| Discounted cash flow \| Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities	0.1110
Equity securities \| Insurance Subsidiary \| Weighted Average \| Black Scholes model \| Risk Free Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities	0.0100	0.0100
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	0.8100	0.8100
Equity securities \| Insurance Subsidiary \| Weighted Average \| Black Scholes model \| Dividend Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Equity securities	0
Available-for-sale embedded derivative \| Third-Party Valuation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Market value of fund		100.00%
Available-for-sale embedded derivative \| Black Scholes model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value	$ 30
Market value of fund	100.00%
Available-for-sale embedded derivative \| Insurance Subsidiary \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value		$ 34
Credit linked note \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value	$ 19
Offered quotes	100.00%
Credit linked note \| Insurance Subsidiary \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Offered quotes		100.00%
Credit linked note \| Insurance Subsidiary \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value		$ 23
Investment in affiliate \| Broker-quoted
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value	$ 21
Investment in affiliate \| Minimum \| EBITDA multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment in affiliate	8	8
Investment in affiliate \| Maximum \| EBITDA multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment in affiliate	8	8
Investment in affiliate \| Insurance Subsidiary \| Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value		$ 21

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Changes to Fair Value of Financial Instruments Level 3 (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	$ 5,600	$ 3,267
Assets, Total Gains (Losses) Included in Earnings	(4)	9
Assets, Total Gains (Losses) Included in AOCI	(218)	(57)
Assets, Purchases	501	406
Assets, Sales	0	(5)
Assets, Settlements	(179)	(140)
Assets, Net transfer In (Out) of Level 3	(204)	(14)
Balance at End of Period	5,496	3,466
Change in Unrealized Gains (Losses) Incl in OCI	(221)	49
Liabilities
Balance at Beginning of Period	3,883	3,409
Liabilities, Total Gains (Losses) Included in Earnings	(488)	(111)
Liabilities, Total Gains (Losses) Included in AOCI	0	0
Liabilities, Purchases	0	0
Liabilities, Sales	0	0
Liabilities, Settlements	0	(1)
Liabilities, Net transfer In (Out) of Level 3	0	0
Balance at End of Period	3,395	3,297
Change in Unrealized Gains (Losses) Incl in OCI	0	0
Future policy benefits
Liabilities
Balance at Beginning of Period		5
Liabilities, Total Gains (Losses) Included in Earnings		0
Liabilities, Total Gains (Losses) Included in AOCI		0
Liabilities, Purchases		0
Liabilities, Sales		0
Liabilities, Settlements		(1)
Liabilities, Net transfer In (Out) of Level 3		0
Balance at End of Period		4
Change in Unrealized Gains (Losses) Incl in OCI		0
FIA/ IUL embedded derivatives, included in contractholder funds
Liabilities
Balance at Beginning of Period	3,883	3,404
Liabilities, Total Gains (Losses) Included in Earnings	(488)	(111)
Liabilities, Total Gains (Losses) Included in AOCI	0	0
Liabilities, Purchases	0	0
Liabilities, Sales	0	0
Liabilities, Settlements	0	0
Liabilities, Net transfer In (Out) of Level 3	0	0
Balance at End of Period	3,395	3,293
Change in Unrealized Gains (Losses) Incl in OCI		0
Asset-backed securities
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	3,959	1,350
Assets, Total Gains (Losses) Included in Earnings	0	0
Assets, Total Gains (Losses) Included in AOCI	(130)	(23)
Assets, Purchases	400	358
Assets, Sales	0	0
Assets, Settlements	(152)	(92)
Assets, Net transfer In (Out) of Level 3	84	0
Balance at End of Period	4,161	1,593
Change in Unrealized Gains (Losses) Incl in OCI	(138)	(4)
Commercial mortgage-backed securities
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	35	26
Assets, Total Gains (Losses) Included in Earnings	0	0
Assets, Total Gains (Losses) Included in AOCI	(2)	(1)
Assets, Purchases	0	0
Assets, Sales	0	0
Assets, Settlements	0	0
Assets, Net transfer In (Out) of Level 3	7	0
Balance at End of Period	40	25
Change in Unrealized Gains (Losses) Incl in OCI	(2)	1
Corporates
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	1,135	1,289
Assets, Total Gains (Losses) Included in Earnings	0	6
Assets, Total Gains (Losses) Included in AOCI	(74)	(39)
Assets, Purchases	80	40
Assets, Sales	0	(5)
Assets, Settlements	(26)	(31)
Assets, Net transfer In (Out) of Level 3	26	(14)
Balance at End of Period	1,141	1,246
Change in Unrealized Gains (Losses) Incl in OCI	(73)	19
Hybrids
Fixed maturity securities available-for-sale:
Balance at Beginning of Period		4
Assets, Total Gains (Losses) Included in Earnings		0
Assets, Total Gains (Losses) Included in AOCI		0
Assets, Purchases		0
Assets, Sales		0
Assets, Settlements		(4)
Assets, Net transfer In (Out) of Level 3		0
Balance at End of Period		0
Change in Unrealized Gains (Losses) Incl in OCI		0
Municipals
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	43	43
Assets, Total Gains (Losses) Included in Earnings	0	0
Assets, Total Gains (Losses) Included in AOCI	(6)	(2)
Assets, Purchases	0	0
Assets, Sales	0	0
Assets, Settlements	0	0
Assets, Net transfer In (Out) of Level 3	0	0
Balance at End of Period	37	41
Change in Unrealized Gains (Losses) Incl in OCI	(5)	4
Residential mortgage-backed securities
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	0	483
Assets, Total Gains (Losses) Included in Earnings	0	0
Assets, Total Gains (Losses) Included in AOCI	0	12
Assets, Purchases	0	5
Assets, Sales	0	0
Assets, Settlements	0	(13)
Assets, Net transfer In (Out) of Level 3	0	0
Balance at End of Period	0	487
Change in Unrealized Gains (Losses) Incl in OCI	0	27
Foreign Governments
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	18	17
Assets, Total Gains (Losses) Included in Earnings	0	0
Assets, Total Gains (Losses) Included in AOCI	(1)	0
Assets, Purchases	0	0
Assets, Sales	0	0
Assets, Settlements	0	0
Assets, Net transfer In (Out) of Level 3	0	0
Balance at End of Period	17	17
Change in Unrealized Gains (Losses) Incl in OCI	(1)	2
Short term investments
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	321
Assets, Total Gains (Losses) Included in Earnings	0
Assets, Total Gains (Losses) Included in AOCI	(1)
Assets, Purchases	20
Assets, Sales	0
Assets, Settlements	0
Assets, Net transfer In (Out) of Level 3	(321)
Balance at End of Period	19
Change in Unrealized Gains (Losses) Incl in OCI	(1)
Preferred securities
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	2
Assets, Total Gains (Losses) Included in Earnings	0
Assets, Total Gains (Losses) Included in AOCI	(1)
Assets, Purchases	0
Assets, Sales	0
Assets, Settlements	0
Assets, Net transfer In (Out) of Level 3	0
Balance at End of Period	1
Change in Unrealized Gains (Losses) Incl in OCI	(1)
Equity securities
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	9	5
Assets, Total Gains (Losses) Included in Earnings	0	1
Assets, Total Gains (Losses) Included in AOCI	0	0
Assets, Purchases	1	3
Assets, Sales	0	0
Assets, Settlements	0	0
Assets, Net transfer In (Out) of Level 3	0	0
Balance at End of Period	10	9
Change in Unrealized Gains (Losses) Incl in OCI	0	0
Available-for-sale embedded derivative
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	34	27
Assets, Total Gains (Losses) Included in Earnings	(4)	2
Assets, Total Gains (Losses) Included in AOCI	0	0
Assets, Purchases	0	0
Assets, Sales	0	0
Assets, Settlements	0	0
Assets, Net transfer In (Out) of Level 3	0	0
Balance at End of Period	30	29
Change in Unrealized Gains (Losses) Incl in OCI	0	0
Investment in affiliate
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	21
Assets, Total Gains (Losses) Included in Earnings	0
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	0
Balance at End of Period	21
Change in Unrealized Gains (Losses) Incl in OCI	0
Credit linked note
Fixed maturity securities available-for-sale:
Balance at Beginning of Period	23	23
Assets, Total Gains (Losses) Included in Earnings	0	0
Assets, Total Gains (Losses) Included in AOCI	(3)	(4)
Assets, Purchases	0	0
Assets, Sales	0	0
Assets, Settlements	(1)	0
Assets, Net transfer In (Out) of Level 3	0	0
Balance at End of Period	19	19
Change in Unrealized Gains (Losses) Incl in OCI	$ 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	Mar. 31, 2022	Dec. 31, 2021
Assets
Trade and notes receivables, net of allowance	$ 529	$ 557
Total Estimated Fair Value
Assets
FHLB common stock	79	72
Commercial mortgage loans	2,147	2,265
Residential mortgage loans	1,904	1,549
Policy loans	40	39
Other invested assets	67	57
Company-owned life insurance	350	333
Trade and notes receivables, net of allowance	529	557
Total	5,116	4,872
Liabilities
Investment contracts, included in contractholder funds	29,031	27,448
Debt	2,929	3,218
Total	31,960	30,666
Carrying Value
Assets
FHLB common stock	79	72
Commercial mortgage loans	2,231	2,168
Residential mortgage loans	1,986	1,581
Policy loans	40	39
Other invested assets	67	57
Company-owned life insurance	350	333
Trade and notes receivables, net of allowance	529	557
Total	5,282	4,807
Liabilities
Investment contracts, included in contractholder funds	32,903	31,529
Debt	3,095	3,096
Total	35,998	34,625
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
Total	0	0
Liabilities
Investment contracts, included in contractholder funds	0	0
Debt	0	0
Total	0	0
Level 2
Assets
FHLB common stock	79	72
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
Total	79	72
Liabilities
Investment contracts, included in contractholder funds	0	0
Debt	2,929	3,218
Total	2,929	3,218
Level 3
Assets
FHLB common stock	0	0
Commercial mortgage loans	2,147	2,265
Residential mortgage loans	1,904	1,549
Policy loans	40	39
Other invested assets	67	57
Company-owned life insurance	350	333
Trade and notes receivables, net of allowance	529	557
Total	5,037	4,800
Liabilities
Investment contracts, included in contractholder funds	29,031	27,448
Debt	0	0
Total	$ 29,031	$ 27,448

Fair Value of Financial Instr_8

Fair Value of Financial Instruments - NAV (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Investments in unconsolidated affiliates	$ 2,849	$ 2,486
Investments measured under equity method or NAV expedient	2,896	2,534
Fair Value Measured at Net Asset Value
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Equity securities (NAV)	47	48
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	153	136
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	$ 2,696	$ 2,350

Investments - Consolidated Inve

Investments - Consolidated Investments (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Available-for-sale securities
Amortized Cost	$ 32,508	$ 30,705
Allowance for Expected Credit Losses	(11)	(8)	$ (7)	$ (19)
Gross Unrealized Gains	545	1,518
Gross Unrealized Losses	(1,564)	(225)
Fair Value/ Carrying Value	31,478	31,990
Asset-backed securities
Available-for-sale securities
Amortized Cost	9,137	8,516
Allowance for Expected Credit Losses	(1)	(3)
Gross Unrealized Gains	129	220
Gross Unrealized Losses	(207)	(38)
Fair Value/ Carrying Value	9,058	8,695
Commercial mortgage-backed securities
Available-for-sale securities
Amortized Cost	2,951	2,684
Allowance for Expected Credit Losses	(2)	(2)	(1)	0
Gross Unrealized Gains	170	308
Gross Unrealized Losses	(67)	(11)
Fair Value/ Carrying Value	3,052	2,979
Corporates
Available-for-sale securities
Amortized Cost	16,480	15,822
Allowance for Expected Credit Losses	(3)	0	(3)	(16)
Gross Unrealized Gains	188	830
Gross Unrealized Losses	(1,124)	(158)
Fair Value/ Carrying Value	15,541	16,494
Hybrids
Available-for-sale securities
Amortized Cost	832	838
Allowance for Expected Credit Losses	0	0
Gross Unrealized Gains	31	74
Gross Unrealized Losses	(14)	0
Fair Value/ Carrying Value	849	912
Municipals
Available-for-sale securities
Amortized Cost	1,444	1,445
Allowance for Expected Credit Losses	0	0
Gross Unrealized Gains	17	67
Gross Unrealized Losses	(89)	(11)
Fair Value/ Carrying Value	1,372	1,501
Residential mortgage-backed securities
Available-for-sale securities
Amortized Cost	801	731
Allowance for Expected Credit Losses	(5)	(3)	$ (3)	$ (3)
Gross Unrealized Gains	4	7
Gross Unrealized Losses	(39)	(4)
Fair Value/ Carrying Value	761	731
U.S. Government
Available-for-sale securities
Amortized Cost	594	393
Allowance for Expected Credit Losses	0	0
Gross Unrealized Gains	3	3
Gross Unrealized Losses	(10)	(2)
Fair Value/ Carrying Value	587	394
Foreign Governments
Available-for-sale securities
Amortized Cost	269	276
Allowance for Expected Credit Losses	0	0
Gross Unrealized Gains	3	9
Gross Unrealized Losses	(14)	(1)
Fair Value/ Carrying Value	$ 258	$ 284

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
Investments - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Accrued interest receivable	$ 278	$ 253
FHLB collateral pledged	2,840	2,469
Available for sale securities, allowance for credit losses	$ 11	$ 8	$ 7	$ 19
Commercial mortgage loans, percentage of investments	7.00%
DSC ratio, amortization period	25 years
Cannae Holdings Inc. \| Equity securities
Debt Securities, Available-for-sale [Line Items]
Investment owned, (in shares)	4,775,598	5,775,598
Investment owned, at fair value	$ 114	$ 203
Shares issued in exchange (in shares)	1,000,000
Aggregate consideration received	$ 24
Residential mortgage loans
Debt Securities, Available-for-sale [Line Items]
Loans over 90 days past due	2,010	1,606
Over 90 days past due \| Residential mortgage loans
Debt Securities, Available-for-sale [Line Items]
Loans over 90 days past due	63	72
Loans in process of foreclosure	$ 39	39
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	$ 15,578	$ 22,343
Residential Mortgage
Debt Securities, Available-for-sale [Line Items]
Percentage of total investments	5.00%

Investments - Amortized Cost an

Investments - Amortized Cost and Fair Value of Fixed Maturity Available-for-Sale Securities (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Amortized Cost
Total fixed maturity available-for-sale securities, Fair Value	$ 32,508	$ 30,705
Fair Value
Total fixed maturity available-for-sale securities, Fair Value	31,478	31,990
Other securities which provide for periodic payments:
Amortized Cost
Other securities which provide for periodic payments, Amortized Cost	12,915	11,962
Fair Value
Other securities which provide for periodic payments, Fair Value	12,900	12,442
Corporates, Non-structured Hybrids, Municipal and Government securities:
Amortized Cost
Due in one year or less	439	426
Due after one year through five years	3,320	2,998
Due after five years through ten years	2,378	2,389
Due after ten years	13,456	12,930
Subtotal, Amortized Cost	19,593	18,743
Fair Value
Due in one year or less	444	431
Due after one year through five years	3,249	3,051
Due after five years through ten years	2,295	2,458
Due after ten years	12,590	13,608
Subtotal, Fair Value	18,578	19,548
Asset-backed securities
Amortized Cost
Other securities which provide for periodic payments, Amortized Cost	9,137	8,516
Total fixed maturity available-for-sale securities, Fair Value	9,137	8,516
Fair Value
Other securities which provide for periodic payments, Fair Value	9,058	8,695
Total fixed maturity available-for-sale securities, Fair Value	9,058	8,695
Commercial mortgage-backed securities
Amortized Cost
Other securities which provide for periodic payments, Amortized Cost	2,951	2,684
Total fixed maturity available-for-sale securities, Fair Value	2,951	2,684
Fair Value
Other securities which provide for periodic payments, Fair Value	3,052	2,979
Total fixed maturity available-for-sale securities, Fair Value	3,052	2,979
Structured hybrids
Amortized Cost
Other securities which provide for periodic payments, Amortized Cost	26	31
Fair Value
Other securities which provide for periodic payments, Fair Value	29	37
Residential mortgage-backed securities
Amortized Cost
Other securities which provide for periodic payments, Amortized Cost	801	731
Fair Value
Other securities which provide for periodic payments, Fair Value	$ 761	$ 731

Investments - Allowance for Cre

Investments - Allowance for Credit Loss Aggregated by Investment Category (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	$ (8)	$ (19)
For credit losses on securities for which losses were not previously recorded	(3)	(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	(2)	7
For securities sold during the period	2	0
For securities intended/required to be sold prior to recovery of amortized cost basis	0	0
Write-offs charged against the allowance	0	3
Recoveries of amounts previously written off	0	3
Balance at End of Period	(11)	(7)
Asset-backed securities
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	(3)
For credit losses on securities for which losses were not previously recorded	0
For initial credit losses on purchased securities accounted for as PCD financial assets	0
(Additions) reductions in allowance recorded on previously impaired securities	0
For securities sold during the period	2
For securities intended/required to be sold prior to recovery of amortized cost basis	0
Write-offs charged against the allowance	0
Recoveries of amounts previously written off	0
Balance at End of Period	(1)
Commercial mortgage-backed securities
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	(2)	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	(2)	(1)
Corporates
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	0	(16)
For credit losses on securities for which losses were not previously recorded	(3)	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	7
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	3
Recoveries of amounts previously written off	0	3
Balance at End of Period	(3)	(3)
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	(2)	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	$ (5)	$ (3)

Investments - Fair Value and Gr

Investments - Fair Value and Gross Unrealized Losses of Available-for-Sale Securities (Details) $ in Millions	Mar. 31, 2022USD ($)security	Dec. 31, 2021USD ($)security
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Fair Values, Less than 12 months	$ 19,667	$ 11,443
Gross Unrealized Losses Less than 12 months	(1,201)	(185)
Fair Value, 12 Months or longer	2,199	646
Gross Unrealized Losses, 12 months or longer	(363)	(40)
Total Fair Value	21,866	12,089
Total Gross Unrealized Losses	$ (1,564)	$ (225)
Total number of available-for-sale securities in an unrealized loss position less than twelve months \| security	3,321	2,056
Total number of available-for-sale securities in an unrealized loss position twelve months or longer \| security	223	68
Total number of available-for-sale securities in an unrealized loss position \| security	3,544	2,124
Asset-backed securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Fair Values, Less than 12 months	$ 5,910	$ 4,410
Gross Unrealized Losses Less than 12 months	(179)	(31)
Fair Value, 12 Months or longer	348	146
Gross Unrealized Losses, 12 months or longer	(28)	(7)
Total Fair Value	6,258	4,556
Total Gross Unrealized Losses	(207)	(38)
Commercial mortgage-backed securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Fair Values, Less than 12 months	1,205	603
Gross Unrealized Losses Less than 12 months	(62)	(11)
Fair Value, 12 Months or longer	44	1
Gross Unrealized Losses, 12 months or longer	(5)	0
Total Fair Value	1,249	604
Total Gross Unrealized Losses	(67)	(11)
Corporates
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Fair Values, Less than 12 months	10,103	5,391
Gross Unrealized Losses Less than 12 months	(817)	(132)
Fair Value, 12 Months or longer	1,613	394
Gross Unrealized Losses, 12 months or longer	(307)	(26)
Total Fair Value	11,716	5,785
Total Gross Unrealized Losses	(1,124)	(158)
Hybrids
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Fair Values, Less than 12 months	407	3
Gross Unrealized Losses Less than 12 months	(14)	0
Fair Value, 12 Months or longer	2	0
Gross Unrealized Losses, 12 months or longer	0	0
Total Fair Value	409	3
Total Gross Unrealized Losses	(14)	0
Municipals
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Fair Values, Less than 12 months	954	410
Gross Unrealized Losses Less than 12 months	(72)	(5)
Fair Value, 12 Months or longer	131	85
Gross Unrealized Losses, 12 months or longer	(17)	(6)
Total Fair Value	1,085	495
Total Gross Unrealized Losses	(89)	(11)
Residential mortgage-backed securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Fair Values, Less than 12 months	609	325
Gross Unrealized Losses Less than 12 months	(37)	(3)
Fair Value, 12 Months or longer	19	11
Gross Unrealized Losses, 12 months or longer	(2)	(1)
Total Fair Value	628	336
Total Gross Unrealized Losses	(39)	(4)
U.S. Government
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Fair Values, Less than 12 months	327	219
Gross Unrealized Losses Less than 12 months	(9)	(2)
Fair Value, 12 Months or longer	30	4
Gross Unrealized Losses, 12 months or longer	(1)	0
Total Fair Value	357	223
Total Gross Unrealized Losses	(10)	(2)
Foreign Governments
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Fair Values, Less than 12 months	152	82
Gross Unrealized Losses Less than 12 months	(11)	(1)
Fair Value, 12 Months or longer	12	5
Gross Unrealized Losses, 12 months or longer	(3)	0
Total Fair Value	164	87
Total Gross Unrealized Losses	$ (14)	$ (1)

Investments - Schedule of Comme

Investments - Schedule of Commercial Mortgage Loan Investment (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Schedule of Investments [Line Items]
Allowance for expected credit loss	$ (32)	$ (31)	$ (36)	$ (39)
Total mortgage loans	4,217	3,749
Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	2,237	2,174
Allowance for expected credit loss	(6)	(6)	$ (5)	$ (2)
Total mortgage loans	$ 2,231	$ 2,168
% of Total	100.00%	100.00%
East North Central \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 134	$ 137
% of Total	6.00%	6.00%
East South Central \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 76	$ 79
% of Total	3.00%	4.00%
Middle Atlantic \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 293	$ 293
% of Total	13.00%	13.00%
Mountain \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 289	$ 236
% of Total	13.00%	11.00%
New England \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 149	$ 149
% of Total	7.00%	7.00%
Pacific \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 648	$ 649
% of Total	29.00%	30.00%
South Atlantic \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 492	$ 459
% of Total	22.00%	21.00%
West North Central \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 4	$ 12
% of Total	0.00%	1.00%
West South Central \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 152	$ 160
% of Total	7.00%	7.00%
Hotel \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 19	$ 19
% of Total	1.00%	1.00%
Industrial - General \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 486	$ 497
% of Total	22.00%	23.00%
Mixed Use \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 12	$ 13
% of Total	1.00%	1.00%
Multifamily \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 979	$ 894
% of Total	43.00%	41.00%
Office \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 342	$ 343
% of Total	15.00%	16.00%
Retail \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 108	$ 121
% of Total	5.00%	6.00%
Student Housing \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 83	$ 83
% of Total	4.00%	4.00%
Other \| Commercial mortgage loans
Schedule of Investments [Line Items]
Gross Carrying Value	$ 208	$ 204
% of Total	9.00%	8.00%

Investments - Recorded Investme

Investments - Recorded Investment in CMLs by LTV and DSC Ratio Categories (Details) - Commercial mortgage loans - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	$ 2,237	$ 2,174
% of Total	100.00%	100.00%
Fair Value
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	$ 2,147	$ 2,265
% of Total	100.00%	100.00%
Greater than 1.25
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	$ 2,198	$ 2,132
1.00 - 1.25
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	30	33
Greater than 1.00
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	9	9
LTV Less Than 50 %
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	$ 638	$ 668
% of Total	29.00%	31.00%
LTV Less Than 50 % \| Fair Value
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	$ 631	$ 745
% of Total	29.00%	33.00%
LTV Less Than 50 % \| Greater than 1.25
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	$ 608	$ 626
LTV Less Than 50 % \| 1.00 - 1.25
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	21	33
LTV Less Than 50 % \| Greater than 1.00
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	9	9
LTV 50 to 60%
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	$ 512	$ 470
% of Total	23.00%	22.00%
LTV 50 to 60% \| Fair Value
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	$ 494	$ 481
% of Total	23.00%	21.00%
LTV 50 to 60% \| Greater than 1.25
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	$ 512	$ 470
LTV 50 to 60% \| 1.00 - 1.25
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	0	0
LTV 50 to 60% \| Greater than 1.00
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	0	0
LTV 60% to 75%
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	$ 1,078	$ 1,036
% of Total	48.00%	47.00%
LTV 60% to 75% \| Fair Value
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	$ 1,016	$ 1,039
% of Total	47.00%	46.00%
LTV 60% to 75% \| Greater than 1.25
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	$ 1,078	$ 1,036
LTV 60% to 75% \| 1.00 - 1.25
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	0	0
LTV 60% to 75% \| Greater than 1.00
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	0	$ 0
LTV 75% to 85%
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	$ 9
% of Total	1.00%
LTV 75% to 85% \| Fair Value
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	$ 6
% of Total	1.00%
LTV 75% to 85% \| Greater than 1.25
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	$ 0
LTV 75% to 85% \| 1.00 - 1.25
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	9
LTV 75% to 85% \| Greater than 1.00
Debt Securities, Available-for-sale [Line Items]
Gross Carrying Value	$ 0

Investments - Schedule of Distr

Investments - Schedule of Distribution of Residential Mortgage Loan Investment by State Concentrations (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Residential mortgage loans
Gross Carrying Value	$ 2,012	$ 1,606
% of Total	100.00%	100.00%
Total mortgage loans
Gross Carrying Value	$ 2,010	$ 1,604
Florida \| Residential mortgage loans
Gross Carrying Value	$ 288	$ 234
% of Total	14.00%	15.00%
Texas \| Residential mortgage loans
Gross Carrying Value	$ 218	$ 170
% of Total	11.00%	10.00%
New Jersey \| Residential mortgage loans
Gross Carrying Value	$ 170	$ 153
% of Total	8.00%	10.00%
California \| Residential mortgage loans
Gross Carrying Value	$ 141
% of Total	7.00%
Pennsylvania \| Residential mortgage loans
Gross Carrying Value	$ 134
% of Total	7.00%
New York \| Residential mortgage loans
Gross Carrying Value	$ 131
% of Total	7.00%
Georgia \| Residential mortgage loans
Gross Carrying Value	$ 115
% of Total	6.00%
All Other States \| Residential mortgage loans
Gross Carrying Value	$ 813	$ 1,047
% of Total	40.00%	65.00%

Investments - Credit Quality of

Investments - Credit Quality of RMLs (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Allowance for expected loan loss	$ (32)	$ (31)	$ (36)	$ (39)
Total mortgage loans	4,217	3,749
Residential mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Gross Carrying Value	$ 2,012	$ 1,606
% of Total	100.00%	100.00%
Allowance for expected loan loss	$ (26)	$ (25)	$ (31)	$ (37)
Allowance for expected loan loss, percent	0.00%	0.00%
Total mortgage loans	$ 1,986	$ 1,581
Allowance % of Total	100.00%	100.00%
Residential mortgage loans \| Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Gross Carrying Value	$ 1,947	$ 1,533
% of Total	97.00%	95.00%
Residential mortgage loans \| Non-performing
Financing Receivable, Credit Quality Indicator [Line Items]
Gross Carrying Value	$ 65	$ 73
% of Total	3.00%	5.00%

Investments - Loans Segregated

Investments - Loans Segregated by Risk Rating (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Amortized cost of loans on non-accrual
Total non-accrual loans	$ 63	$ 72
Residential mortgages
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2022	377	801
2021	927	320
2020	285	375
2019	333	53
2018	40	36
Prior	48	21
Total	2,010	1,606
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2021	377	801
2020	927	320
2019	285	375
2018	333	53
2017	40	36
Prior	48	21
Total	2,010	1,606
Amortized cost of loans on non-accrual
Total non-accrual loans	63	72
Residential mortgages \| Current (less than 30 days past due)
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2022	377	795
2021	916	293
2020	264	323
2019	276	50
2018	38	36
Prior	48	21
Total	1,919	1,518
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2021	377	795
2020	916	293
2019	264	323
2018	276	50
2017	38	36
Prior	48	21
Total	1,919	1,518
Residential mortgages \| 30-89 days past due
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2022	0	5
2021	10	4
2020	6	6
2019	12	1
2018	0	0
Prior	0	0
Total	28	16
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2021	0	5
2020	10	4
2019	6	6
2018	12	1
2017	0	0
Prior	0	0
Total	28	16
Residential mortgages \| Over 90 days past due
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2022	0	1
2021	1	23
2020	15	46
2019	45	2
2018	2	0
Prior	0	0
Total	63	72
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2021	0	1
2020	1	23
2019	15	46
2018	45	2
2017	2	0
Prior	0	0
Total	63	72
Commercial mortgages
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2022	89	1,301
2021	1,301	543
2020	543	0
2019	0	6
2018	0	0
Prior	304	324
Total	2,237	2,174
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2021	89	1,301
2020	1,301	543
2019	543	0
2018	0	6
2017	0	0
Prior	304	324
Total	2,237	2,174
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]
2022	89	1,301
2021	1,301	543
2020	543	0
2019	0	4
2018	0	0
Prior	265	284
Total	2,198	2,132
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2021	89	1,301
2020	1,301	543
2019	543	0
2018	0	4
2017	0	0
Prior	265	284
Total	2,198	2,132
Commercial mortgages \| 1.00x - 1.25x
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2022	0	0
2021	0	0
2020	0	0
2019	0	2
2018	0	0
Prior	30	31
Total	30	33
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2021	0	0
2020	0	0
2019	0	0
2018	0	2
2017	0	0
Prior	30	31
Total	30	33
Commercial mortgages \| Less than 1.00x
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2022	0	0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
Prior	9	9
Total	9	9
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior	9	9
Total	9	9
Commercial mortgages \| LTV Less Than 50 %
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2022	4	120
2021	120	229
2020	229	0
2019	0	6
2018	0	0
Prior	285	313
Total	638	668
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2021	4	120
2020	120	229
2019	229	0
2018	0	6
2017	0	0
Prior	285	313
Total	638	668
Commercial mortgages \| LTV 50 to 60%
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2022	43	267
2021	267	192
2020	192	0
2019	0	0
2018	0	0
Prior	10	11
Total	512	470
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2021	43	267
2020	267	192
2019	192	0
2018	0	0
2017	0	0
Prior	10	11
Total	512	470
Commercial mortgages \| LTV 60% to 75%
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2022	42	914
2021	914	122
2020	122	0
2019	0	0
2018	0	0
Prior	0	0
Total	1,078	1,036
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2021	42	914
2020	914	122
2019	122	0
2018	0	0
2017	0	0
Prior	0	0
Total	1,078	1,036
Commercial mortgages \| LTV 75% to 85%
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2022	0
2021	0
2020	0
2019	0
2018	0
Prior	9
Total	9
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2021	0
2020	0
2019	0
2018	0
2017	0
Prior	9
Total	9
Commercial mortgages \| Current (less than 30 days past due)
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2022	89	1,301
2021	1,301	543
2020	543	0
2019	0	6
2018	0	0
Prior	295	324
Total	2,228	2,174
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2021	89	1,301
2020	1,301	543
2019	543	0
2018	0	6
2017	0	0
Prior	295	324
Total	2,228	2,174
Commercial mortgages \| 30-89 days past due
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2022	0	0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
Prior	9	0
Total	9	0
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior	9	0
Total	9	0
Commercial mortgages \| Over 90 days past due
Financing Receivable Credit Quality Indicator Current Year Abstract [Abstract]
2022	0	0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
Prior	0	0
Total	0	0
Financing Receivable Credit Quality Indicator Prior Year [Abstract]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	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
	Mar. 31, 2022	Mar. 31, 2021
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 31	$ 39
Provision for loan losses	1	(3)
Ending Balance	32	36
Residential Mortgage
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	25	37
Provision for loan losses	1	(6)
Ending Balance	26	31
Commercial Mortgage
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	6	2
Provision for loan losses	0	3
Ending Balance	$ 6	$ 5

Investments - Interest and Inve

Investments - Interest and Investment Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule of Investments [Line Items]
Gross investment income	$ 524	$ 441
Investment expense	(46)	(39)
Interest and investment income	478	402
Fixed maturity securities, available-for-sale
Schedule of Investments [Line Items]
Gross investment income	332	307
Equity securities
Schedule of Investments [Line Items]
Gross investment income	8	5
Preferred securities
Schedule of Investments [Line Items]
Gross investment income	15	14
Mortgage loans
Schedule of Investments [Line Items]
Gross investment income	39	23
Invested cash and short-term investments
Schedule of Investments [Line Items]
Gross investment income	5	0
Limited partnerships
Schedule of Investments [Line Items]
Gross investment income	113	80
Tax deferred property exchange income
Schedule of Investments [Line Items]
Gross investment income	3	4
Other investments
Schedule of Investments [Line Items]
Gross investment income	$ 9	$ 8

Investments - Recognized Gains

Investments - Recognized Gains (Losses), net (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule of Investments [Line Items]
Net realized (losses) gains on fixed maturity available-for-sale securities	$ (36)	$ 40
Realized losses on other invested assets	(1)	(3)
Change in allowance for expected credit losses	(4)	10
Realized gains on certain derivative instruments	50	60
Unrealized losses on certain derivative instruments	(358)	(35)
Change in fair value of reinsurance related embedded derivatives	122	27
Change in fair value of other derivatives and embedded derivatives	(3)	0
Realized gains (losses) on derivatives and embedded derivatives	(189)	52
Recognized gains and losses, net	(469)	43
Equity securities
Schedule of Investments [Line Items]
Net realized/unrealized (losses) gains on securities	(148)	(46)
Valuation losses	(166)	(46)
Preferred securities
Schedule of Investments [Line Items]
Net realized/unrealized (losses) gains on securities	(91)	(10)
Valuation losses	$ (90)	$ (3)

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
	Mar. 31, 2022	Mar. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Proceeds	$ 1,032	$ 424
Gross gains	3	32
Gross losses	$ (37)	$ (8)

Investments - VIE (Details)

Investments - VIE (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Schedule of Investments [Line Items]
Carrying Value	$ 15,524	$ 14,732
Maximum Loss Exposure	17,342	16,298
Limited Partnerships
Schedule of Investments [Line Items]
Carrying Value	2,675	2,350
Maximum Loss Exposure	3,751	3,496
Fixed Maturity Securities
Schedule of Investments [Line Items]
Carrying Value	12,849	12,382
Maximum Loss Exposure	$ 13,591	$ 12,802

Derivative Financial Instrume_3

Derivative Financial Instruments - Carrying Amounts of Derivative Instruments (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Total asset derivatives	$ 567	$ 849
Total liability derivatives	3,396	3,956
Call options \| Derivative investments
Derivative [Line Items]
Total asset derivatives	487	816
Other embedded derivatives \| Other long-term investments
Derivative [Line Items]
Total asset derivatives	30	33
Other embedded derivatives \| Prepaid expenses and other assets
Derivative [Line Items]
Total asset derivatives	50	0
FIA/ IUL embedded derivatives, included in contractholder funds \| Contractholder funds
Derivative [Line Items]
Total liability derivatives	3,395	3,883
Reinsurance related embedded derivatives \| Accounts payable and accrued liabilities:
Derivative [Line Items]
Total liability derivatives	$ 1	$ 73

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Change in Fair Value of Derivative Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Derivative [Line Items]
Change in fair value of derivatives	$ 122	$ 27
Net investment gains (losses)
Derivative [Line Items]
Change in fair value of derivatives	(189)	53
Call options \| Net investment gains (losses)
Derivative [Line Items]
Change in fair value of derivatives	(314)	22
Futures contracts \| Net investment gains (losses)
Derivative [Line Items]
Change in fair value of derivatives	3	0
Foreign currency forwards \| Net investment gains (losses)
Derivative [Line Items]
Change in fair value of derivatives	3	4
Other embedded derivatives \| Net investment gains (losses)
Derivative [Line Items]
Change in fair value of derivatives	(3)	0
Reinsurance related embedded derivatives \| Net investment gains (losses)
Derivative [Line Items]
Change in fair value of derivatives	122	27
FIA/ IUL embedded derivatives
Derivative [Line Items]
Change in fair value of derivatives	$ (488)	$ (111)

Derivative Financial Instrume_5

Derivative Financial Instruments - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)contract	Dec. 31, 2021USD ($)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	$ 472	$ 790
Maximum amount of loss due to credit risk	40	42
Call options \| Derivatives for Trading and Investment \| Not Designated as Hedging Instrument
Derivative [Line Items]
Collateral posted	472	790
Maximum amount of loss due to credit risk	40	42
Call options \| Cash and Cash Equivalents \| Not Designated as Hedging Instrument
Derivative [Line Items]
Collateral posted	$ 364	$ 576
Futures contracts
Derivative [Line Items]
Number of instruments held \| contract	309,000,000	329,000,000
Collateral held	$ 3	$ 3

Derivative Financial Instrume_6

Derivative Financial Instruments - FGL's Exposure to Credit Loss on Call Options Held (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Fair Value	$ 567	$ 849
Not Designated as Hedging Instrument \| Call options
Derivatives, Fair Value [Line Items]
Notional Amount	20,040	19,404
Fair Value	487	816
Collateral	472	790
Maximum amount of loss due to credit risk	40	42
Not Designated as Hedging Instrument \| Call options \| Merrill Lynch
Derivatives, Fair Value [Line Items]
Notional Amount	3,745	3,307
Fair Value	79	128
Collateral	39	86
Maximum amount of loss due to credit risk	40	42
Not Designated as Hedging Instrument \| Call options \| Morgan Stanley
Derivatives, Fair Value [Line Items]
Notional Amount	1,679	2,184
Fair Value	14	86
Collateral	17	92
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	5,324	5,197
Fair Value	161	231
Collateral	166	233
Maximum amount of loss due to credit risk	0	0
Not Designated as Hedging Instrument \| Call options \| Canadian Imperial Bank of Commerce
Derivatives, Fair Value [Line Items]
Notional Amount	3,178	2,936
Fair Value	84	147
Collateral	93	151
Maximum amount of loss due to credit risk	0	0
Not Designated as Hedging Instrument \| Call options \| Wells Fargo
Derivatives, Fair Value [Line Items]
Notional Amount	2,535	2,445
Fair Value	73	89
Collateral	77	90
Maximum amount of loss due to credit risk	0	0
Not Designated as Hedging Instrument \| Call options \| Goldman Sachs
Derivatives, Fair Value [Line Items]
Notional Amount	410	307
Fair Value	11	10
Collateral	11	10
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	1,289	1,485
Fair Value	16	74
Collateral	16	75
Maximum amount of loss due to credit risk	0	0
Not Designated as Hedging Instrument \| Call options \| Truist
Derivatives, Fair Value [Line Items]
Notional Amount	1,880	1,543
Fair Value	49	51
Collateral	53	53
Maximum amount of loss due to credit risk	$ 0	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions	Aug. 17, 2020shares	Aug. 04, 2020lawsuitdirector	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Other Commitments [Line Items]
Estimated litigation liability \| $			$ 15	$ 12
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	Mar. 31, 2022USD ($)
Other Commitments [Line Items]
Unfunded investment commitment	$ 2,089
Limited partnerships
Other Commitments [Line Items]
Unfunded investment commitment	1,076
Whole loans
Other Commitments [Line Items]
Unfunded investment commitment	513
Fixed maturity securities, ABS
Other Commitments [Line Items]
Unfunded investment commitment	212
Other fixed maturity securities, AFS
Other Commitments [Line Items]
Unfunded investment commitment	101
Commercial mortgage loans
Other Commitments [Line Items]
Unfunded investment commitment	40
Other assets
Other Commitments [Line Items]
Unfunded investment commitment	146
Residential mortgage loans
Other Commitments [Line Items]
Unfunded investment commitment	$ 1

Dividends (Details)

Dividends (Details) - $ / shares	May 10, 2022	Mar. 31, 2022	Mar. 31, 2021
Subsequent Event [Line Items]
Cash dividend per common share (in dollars per share)		$ 0.44	$ 0.36
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
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Title premiums	$ 1,866	$ 1,804
Other revenues	1,290	851
Revenues from external customers	3,156	2,655
Interest and investment income, including recognized gains and losses, net	9	445
Total revenues	3,165	3,100
Depreciation and amortization	182	183
Interest expense	30	28
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of unconsolidated affiliates	552	757
Income tax expense (benefit)	155	166
Earnings before equity in earnings of unconsolidated affiliates	397	591
Equity in earnings (loss) of unconsolidated affiliates	2	13
Net earnings (loss) from continuing operations	399	604
Assets	60,857	51,489	$ 60,690
Goodwill	4,539	4,498	$ 4,539
Corporate and Other
Segment Reporting Information [Line Items]
Title premiums	0	0
Other revenues	31	42
Revenues from external customers	31	42
Interest and investment income, including recognized gains and losses, net	3	0
Total revenues	34	42
Depreciation and amortization	6	6
Interest expense	22	20
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of unconsolidated affiliates	(38)	(38)
Income tax expense (benefit)	(7)	(9)
Earnings before equity in earnings of unconsolidated affiliates	(31)	(29)
Equity in earnings (loss) of unconsolidated affiliates	0	5
Net earnings (loss) from continuing operations	(31)	(24)
Assets	2,272	1,486
Goodwill	266	266
Operating Segments \| Title
Segment Reporting Information [Line Items]
Title premiums	1,866	1,804
Other revenues	665	745
Revenues from external customers	2,531	2,549
Interest and investment income, including recognized gains and losses, net	(148)	(30)
Total revenues	2,383	2,519
Depreciation and amortization	33	33
Interest expense	0	0
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of unconsolidated affiliates	249	439
Income tax expense (benefit)	57	103
Earnings before equity in earnings of unconsolidated affiliates	192	336
Equity in earnings (loss) of unconsolidated affiliates	2	8
Net earnings (loss) from continuing operations	194	344
Assets	9,478	9,389
Goodwill	2,517	2,481
Operating Segments \| F&G
Segment Reporting Information [Line Items]
Title premiums	0	0
Other revenues	594	64
Revenues from external customers	594	64
Interest and investment income, including recognized gains and losses, net	154	475
Total revenues	748	539
Depreciation and amortization	143	144
Interest expense	8	8
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of unconsolidated affiliates	341	356
Income tax expense (benefit)	105	72
Earnings before equity in earnings of unconsolidated affiliates	236	284
Equity in earnings (loss) of unconsolidated affiliates	0	0
Net earnings (loss) from continuing operations	236	284
Assets	49,107	40,614
Goodwill	$ 1,756	$ 1,751

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash paid for:
Interest	$ 36	$ 29
Income taxes	9	7
Deferred sales inducements	16	21
Non-cash investing and financing activities:
Change in proceeds of sales of investments available for sale receivable in period	81	(9)
Change in purchases of investments available for sale payable in period	277	164
Lease liabilities recognized in exchange for lease right-of-use assets	15	5
Remeasurement of lease liabilities	$ 15	$ 13

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 586	$ 661
Interest and investment income	478	402
Recognized gains and losses, net	(469)	43
Total revenues	3,165	3,100
Title
Disaggregation of Revenue [Line Items]
Loan subservicing revenue	76	87
Title \| Direct title insurance premiums
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	767	746
Title \| Agency title insurance premiums
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	1,099	1,058
Title \| Home warranty
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	34	39
Title \| Insurance contracts
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	2,494	1,907
Title \| Escrow fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	265	324
Title \| Other title-related fees and income
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	196	205
Title \| ServiceLink, excluding title premiums, escrow fees, and subservicing fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	94	90
F&G \| Life insurance premiums, insurance and investment product fees, and other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	594	64
Corporate and other \| Real estate technology
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	38	32
Corporate and other \| Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ (7)	$ 10

Revenue Recognition - Informati

Revenue Recognition - Information about Receivables and Deferred Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Trade receivables	$ 497		$ 524
Deferred revenue (contract liabilities)	$ 231		$ 144
Policy period	1 year
Revenue recognized	$ 38	$ 41

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 (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Total
Balance at beginning of period	$ 2,034	$ 1,724
Deferrals	170	154
Amortization	(144)	(148)
Interest	13	10
Unlocking	(5)	1
Adjustment for net unrealized investment (gains) losses	427	127
Balance at end of period	2,495	1,868
VOBA
Total
Balance at beginning of period	1,185	1,466
Deferrals	0	0
Amortization	(94)	(132)
Interest	7	8
Unlocking	(6)	1
Adjustment for net unrealized investment (gains) losses	318	132
Balance at end of period	1,410	1,475
DAC
Total
Balance at beginning of period	761	222
Deferrals	154	133
Amortization	(39)	(8)
Interest	6	2
Unlocking	(1)	0
Adjustment for net unrealized investment (gains) losses	88	(5)
Balance at end of period	969	344
DSI
Total
Balance at beginning of period	88	36
Deferrals		21
Amortization	(11)	(8)
Interest	0	0
Unlocking	2	0
Adjustment for net unrealized investment (gains) losses	21	0
Balance at end of period	$ 116	$ 49

Value of Business Acquired, D_4

Value of Business Acquired, Deferred Acquisition Costs and Deferred Sales Inducements - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
VOBA
Finite-Lived Intangible Assets [Line Items]
Adjustment for net unrealized investment gains and losses	$ 86	$ (152)
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]
Adjustment for net unrealized investment gains and losses	$ 49	(30)
Deferred sales inducement, unrealized investment gains	$ 15	$ (4)

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 (Details) $ in Millions	Mar. 31, 2022USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ (19)
2023	120
2024	157
2025	150
2026	138
Thereafter	$ 778

F&G Reinsurance - Effect of Rei

F&G Reinsurance - Effect of Reinsurance on Premiums Earned, Benefits Incurred and Reserve Changes (Details) - Traditional Life Insurance Premiums - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2020
Premiums and other considerations:
Direct	$ 567	$ 44
Ceded	(32)	(33)
Net	535	11
Benefits and Other Changes in Insurance Policy Reserves:
Direct	513	293
Ceded	(305)	(319)
Net	$ 208	$ (26)

F&G Reinsurance - Narrative (De

F&G Reinsurance - Narrative (Details) $ in Millions	Oct. 31, 2021USD ($)	Jan. 15, 2021	Mar. 31, 2022USD ($)policy	Mar. 31, 2021USD ($)	Sep. 30, 2021USD ($)	Dec. 31, 2021USD ($)
Ceded Credit Risk [Line Items]
Expected credit losses on reinsurance recoverable			$ 20	$ 21		$ 20
Number of policies reinsured by foreign company not engaged in insurance \| policy			0
Funds withheld co-insurance basis, percentage		50.00%
Hannover Re \| Fixed indexed annuities
Ceded Credit Risk [Line Items]
Reinsurance risk charge fees			$ 5	5
Kubera Reassurance Company \| Fixed indexed annuities
Ceded Credit Risk [Line Items]
Reinsurance risk charge fees			4	1
Reinsurance retention policy, amount retained	$ 10,000				$ 4,000
Canada Life Assurance Company, US
Ceded Credit Risk [Line Items]
Reinsurance risk charge fees			1	$ 0
Wilton Reassurance Company
Ceded Credit Risk [Line Items]
Net amount recoverable			1,279
Aspida Re
Ceded Credit Risk [Line Items]
Net amount recoverable			1,103
Somerset
Ceded Credit Risk [Line Items]
Net amount recoverable			$ 727

F&G Insurance Subsidiary Fina_2

F&G Insurance Subsidiary Financial Information and Regulatory Matters - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Insurance [Abstract]
Decrease in statutory capital and surplus	$ (135)	$ (106)
Change in statutory capital surplus increase (decrease)	65	85
Statutory capital and surplus	$ 95	$ 115