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o $ 396 million. As of December 31, 2023, we have drawn $ 231 million | text | 231 | monetaryItemType | text: <entity> 231 </entity> <entity type> monetaryItemType </entity type> <context> o $ 396 million. As of December 31, 2023, we have drawn $ 231 million </context> | us-gaap:LineOfCredit |
e $ 26 million and $ 20 million, respectively, and we made cash payments of $ 18 million in 2023 in connection with these leases. As of December 31, 2022, the lease liability and corresponding right of use asset reflected in Other liabilities and Other assets were $ 43 million and $ 36 million, respectively, and we made cash payments of $ 20 million in 2022 in connection with these leases. The liability includes non-lease components, such as property taxes and insurance for our gross leases. Some of these leases contain options to renew after a specified period of time at the prevailing market rate; however, renewal options that have not been exercised as of December 31, 2023 are excluded until management attains a reasonable level of certainty. Some leases also include termination options at specified times and term; however, termination options are not reflected in the lease asset and liability balances until they have been exercised. | text | 26 | monetaryItemType | text: <entity> 26 </entity> <entity type> monetaryItemType </entity type> <context> e $ 26 million and $ 20 million, respectively, and we made cash payments of $ 18 million in 2023 in connection with these leases. As of December 31, 2022, the lease liability and corresponding right of use asset reflected in Other liabilities and Other assets were $ 43 million and $ 36 million, respectively, and we made cash payments of $ 20 million in 2022 in connection with these leases. The liability includes non-lease components, such as property taxes and insurance for our gross leases. Some of these leases contain options to renew after a specified period of time at the prevailing market rate; however, renewal options that have not been exercised as of December 31, 2023 are excluded until management attains a reasonable level of certainty. Some leases also include termination options at specified times and term; however, termination options are not reflected in the lease asset and liability balances until they have been exercised. </context> | us-gaap:OperatingLeaseLiability |
e $ 26 million and $ 20 million, respectively, and we made cash payments of $ 18 million in 2023 in connection with these leases. As of December 31, 2022, the lease liability and corresponding right of use asset reflected in Other liabilities and Other assets were $ 43 million and $ 36 million, respectively, and we made cash payments of $ 20 million in 2022 in connection with these leases. The liability includes non-lease components, such as property taxes and insurance for our gross leases. Some of these leases contain options to renew after a specified period of time at the prevailing market rate; however, renewal options that have not been exercised as of December 31, 2023 are excluded until management attains a reasonable level of certainty. Some leases also include termination options at specified times and term; however, termination options are not reflected in the lease asset and liability balances until they have been exercised. | text | 20 | monetaryItemType | text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> e $ 26 million and $ 20 million, respectively, and we made cash payments of $ 18 million in 2023 in connection with these leases. As of December 31, 2022, the lease liability and corresponding right of use asset reflected in Other liabilities and Other assets were $ 43 million and $ 36 million, respectively, and we made cash payments of $ 20 million in 2022 in connection with these leases. The liability includes non-lease components, such as property taxes and insurance for our gross leases. Some of these leases contain options to renew after a specified period of time at the prevailing market rate; however, renewal options that have not been exercised as of December 31, 2023 are excluded until management attains a reasonable level of certainty. Some leases also include termination options at specified times and term; however, termination options are not reflected in the lease asset and liability balances until they have been exercised. </context> | us-gaap:OperatingLeaseRightOfUseAsset |
e $ 26 million and $ 20 million, respectively, and we made cash payments of $ 18 million in 2023 in connection with these leases. As of December 31, 2022, the lease liability and corresponding right of use asset reflected in Other liabilities and Other assets were $ 43 million and $ 36 million, respectively, and we made cash payments of $ 20 million in 2022 in connection with these leases. The liability includes non-lease components, such as property taxes and insurance for our gross leases. Some of these leases contain options to renew after a specified period of time at the prevailing market rate; however, renewal options that have not been exercised as of December 31, 2023 are excluded until management attains a reasonable level of certainty. Some leases also include termination options at specified times and term; however, termination options are not reflected in the lease asset and liability balances until they have been exercised. | text | 18 | monetaryItemType | text: <entity> 18 </entity> <entity type> monetaryItemType </entity type> <context> e $ 26 million and $ 20 million, respectively, and we made cash payments of $ 18 million in 2023 in connection with these leases. As of December 31, 2022, the lease liability and corresponding right of use asset reflected in Other liabilities and Other assets were $ 43 million and $ 36 million, respectively, and we made cash payments of $ 20 million in 2022 in connection with these leases. The liability includes non-lease components, such as property taxes and insurance for our gross leases. Some of these leases contain options to renew after a specified period of time at the prevailing market rate; however, renewal options that have not been exercised as of December 31, 2023 are excluded until management attains a reasonable level of certainty. Some leases also include termination options at specified times and term; however, termination options are not reflected in the lease asset and liability balances until they have been exercised. </context> | us-gaap:OperatingLeaseLeaseIncomeLeasePayments |
e $ 26 million and $ 20 million, respectively, and we made cash payments of $ 18 million in 2023 in connection with these leases. As of December 31, 2022, the lease liability and corresponding right of use asset reflected in Other liabilities and Other assets were $ 43 million and $ 36 million, respectively, and we made cash payments of $ 20 million in 2022 in connection with these leases. The liability includes non-lease components, such as property taxes and insurance for our gross leases. Some of these leases contain options to renew after a specified period of time at the prevailing market rate; however, renewal options that have not been exercised as of December 31, 2023 are excluded until management attains a reasonable level of certainty. Some leases also include termination options at specified times and term; however, termination options are not reflected in the lease asset and liability balances until they have been exercised. | text | 43 | monetaryItemType | text: <entity> 43 </entity> <entity type> monetaryItemType </entity type> <context> e $ 26 million and $ 20 million, respectively, and we made cash payments of $ 18 million in 2023 in connection with these leases. As of December 31, 2022, the lease liability and corresponding right of use asset reflected in Other liabilities and Other assets were $ 43 million and $ 36 million, respectively, and we made cash payments of $ 20 million in 2022 in connection with these leases. The liability includes non-lease components, such as property taxes and insurance for our gross leases. Some of these leases contain options to renew after a specified period of time at the prevailing market rate; however, renewal options that have not been exercised as of December 31, 2023 are excluded until management attains a reasonable level of certainty. Some leases also include termination options at specified times and term; however, termination options are not reflected in the lease asset and liability balances until they have been exercised. </context> | us-gaap:OperatingLeaseLiability |
e $ 26 million and $ 20 million, respectively, and we made cash payments of $ 18 million in 2023 in connection with these leases. As of December 31, 2022, the lease liability and corresponding right of use asset reflected in Other liabilities and Other assets were $ 43 million and $ 36 million, respectively, and we made cash payments of $ 20 million in 2022 in connection with these leases. The liability includes non-lease components, such as property taxes and insurance for our gross leases. Some of these leases contain options to renew after a specified period of time at the prevailing market rate; however, renewal options that have not been exercised as of December 31, 2023 are excluded until management attains a reasonable level of certainty. Some leases also include termination options at specified times and term; however, termination options are not reflected in the lease asset and liability balances until they have been exercised. | text | 36 | monetaryItemType | text: <entity> 36 </entity> <entity type> monetaryItemType </entity type> <context> e $ 26 million and $ 20 million, respectively, and we made cash payments of $ 18 million in 2023 in connection with these leases. As of December 31, 2022, the lease liability and corresponding right of use asset reflected in Other liabilities and Other assets were $ 43 million and $ 36 million, respectively, and we made cash payments of $ 20 million in 2022 in connection with these leases. The liability includes non-lease components, such as property taxes and insurance for our gross leases. Some of these leases contain options to renew after a specified period of time at the prevailing market rate; however, renewal options that have not been exercised as of December 31, 2023 are excluded until management attains a reasonable level of certainty. Some leases also include termination options at specified times and term; however, termination options are not reflected in the lease asset and liability balances until they have been exercised. </context> | us-gaap:OperatingLeaseRightOfUseAsset |
e $ 26 million and $ 20 million, respectively, and we made cash payments of $ 18 million in 2023 in connection with these leases. As of December 31, 2022, the lease liability and corresponding right of use asset reflected in Other liabilities and Other assets were $ 43 million and $ 36 million, respectively, and we made cash payments of $ 20 million in 2022 in connection with these leases. The liability includes non-lease components, such as property taxes and insurance for our gross leases. Some of these leases contain options to renew after a specified period of time at the prevailing market rate; however, renewal options that have not been exercised as of December 31, 2023 are excluded until management attains a reasonable level of certainty. Some leases also include termination options at specified times and term; however, termination options are not reflected in the lease asset and liability balances until they have been exercised. | text | 20 | monetaryItemType | text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> e $ 26 million and $ 20 million, respectively, and we made cash payments of $ 18 million in 2023 in connection with these leases. As of December 31, 2022, the lease liability and corresponding right of use asset reflected in Other liabilities and Other assets were $ 43 million and $ 36 million, respectively, and we made cash payments of $ 20 million in 2022 in connection with these leases. The liability includes non-lease components, such as property taxes and insurance for our gross leases. Some of these leases contain options to renew after a specified period of time at the prevailing market rate; however, renewal options that have not been exercised as of December 31, 2023 are excluded until management attains a reasonable level of certainty. Some leases also include termination options at specified times and term; however, termination options are not reflected in the lease asset and liability balances until they have been exercised. </context> | us-gaap:OperatingLeaseLeaseIncomeLeasePayments |
The weighted average discount rate and lease term assumptions used in determining the liability are 4.4 % and 4.08 years, respectively. The primary assumption used to determine the discount rate is the cost of funding for the Company, which is based on the secured borrowing rate for terms similar to the lease term, and for the major financial markets in which Corebridge operates. | text | 4.4 | percentItemType | text: <entity> 4.4 </entity> <entity type> percentItemType </entity type> <context> The weighted average discount rate and lease term assumptions used in determining the liability are 4.4 % and 4.08 years, respectively. The primary assumption used to determine the discount rate is the cost of funding for the Company, which is based on the secured borrowing rate for terms similar to the lease term, and for the major financial markets in which Corebridge operates. </context> | us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent |
Rent expense was $ 17 million, $ 33 million and $ 21 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 17 | monetaryItemType | text: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> Rent expense was $ 17 million, $ 33 million and $ 21 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:OperatingLeaseExpense |
Rent expense was $ 17 million, $ 33 million and $ 21 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 33 | monetaryItemType | text: <entity> 33 </entity> <entity type> monetaryItemType </entity type> <context> Rent expense was $ 17 million, $ 33 million and $ 21 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:OperatingLeaseExpense |
Rent expense was $ 17 million, $ 33 million and $ 21 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 21 | monetaryItemType | text: <entity> 21 </entity> <entity type> monetaryItemType </entity type> <context> Rent expense was $ 17 million, $ 33 million and $ 21 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:OperatingLeaseExpense |
On May 4, 2023, our Board of Directors authorized a $ 1 billion share repurchase program. Under this program, Corebridge Parent may, from time to time, purchase up to $ 1 billion of its common stock but is not obligated to purchase any particular number of shares. Repurchases may be made through various means including open market transactions, privately negotiated transactions, forward, derivative, accelerated repurchase, or automatic share repurchase transactions, or tender offers. The authorization for the share repurchase program may be terminated, increased or decreased by the Board of Directors at any time. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> On May 4, 2023, our Board of Directors authorized a $ 1 billion share repurchase program. Under this program, Corebridge Parent may, from time to time, purchase up to $ 1 billion of its common stock but is not obligated to purchase any particular number of shares. Repurchases may be made through various means including open market transactions, privately negotiated transactions, forward, derivative, accelerated repurchase, or automatic share repurchase transactions, or tender offers. The authorization for the share repurchase program may be terminated, increased or decreased by the Board of Directors at any time. </context> | us-gaap:StockRepurchaseProgramAuthorizedAmount1 |
From May 4, 2023 to December 31, 2023, we repurchased approximately 26.5 million shares of Corebridge Common Stock for an aggregate purchase price of approximately $ 498 million. From December 31, 2023 to February 8, 2024, we repurchased approximately 1.2 million shares of Corebridge Common Stock for an aggregate purchase price of approximately $ 27 million, leaving approximately $ 475 million under the share repurchase authorization as of February 8, 2024. | text | 26.5 | sharesItemType | text: <entity> 26.5 </entity> <entity type> sharesItemType </entity type> <context> From May 4, 2023 to December 31, 2023, we repurchased approximately 26.5 million shares of Corebridge Common Stock for an aggregate purchase price of approximately $ 498 million. From December 31, 2023 to February 8, 2024, we repurchased approximately 1.2 million shares of Corebridge Common Stock for an aggregate purchase price of approximately $ 27 million, leaving approximately $ 475 million under the share repurchase authorization as of February 8, 2024. </context> | us-gaap:TreasuryStockSharesAcquired |
From May 4, 2023 to December 31, 2023, we repurchased approximately 26.5 million shares of Corebridge Common Stock for an aggregate purchase price of approximately $ 498 million. From December 31, 2023 to February 8, 2024, we repurchased approximately 1.2 million shares of Corebridge Common Stock for an aggregate purchase price of approximately $ 27 million, leaving approximately $ 475 million under the share repurchase authorization as of February 8, 2024. | text | 498 | monetaryItemType | text: <entity> 498 </entity> <entity type> monetaryItemType </entity type> <context> From May 4, 2023 to December 31, 2023, we repurchased approximately 26.5 million shares of Corebridge Common Stock for an aggregate purchase price of approximately $ 498 million. From December 31, 2023 to February 8, 2024, we repurchased approximately 1.2 million shares of Corebridge Common Stock for an aggregate purchase price of approximately $ 27 million, leaving approximately $ 475 million under the share repurchase authorization as of February 8, 2024. </context> | us-gaap:TreasuryStockValueAcquiredCostMethod |
From May 4, 2023 to December 31, 2023, we repurchased approximately 26.5 million shares of Corebridge Common Stock for an aggregate purchase price of approximately $ 498 million. From December 31, 2023 to February 8, 2024, we repurchased approximately 1.2 million shares of Corebridge Common Stock for an aggregate purchase price of approximately $ 27 million, leaving approximately $ 475 million under the share repurchase authorization as of February 8, 2024. | text | 1.2 | sharesItemType | text: <entity> 1.2 </entity> <entity type> sharesItemType </entity type> <context> From May 4, 2023 to December 31, 2023, we repurchased approximately 26.5 million shares of Corebridge Common Stock for an aggregate purchase price of approximately $ 498 million. From December 31, 2023 to February 8, 2024, we repurchased approximately 1.2 million shares of Corebridge Common Stock for an aggregate purchase price of approximately $ 27 million, leaving approximately $ 475 million under the share repurchase authorization as of February 8, 2024. </context> | us-gaap:TreasuryStockSharesAcquired |
From May 4, 2023 to December 31, 2023, we repurchased approximately 26.5 million shares of Corebridge Common Stock for an aggregate purchase price of approximately $ 498 million. From December 31, 2023 to February 8, 2024, we repurchased approximately 1.2 million shares of Corebridge Common Stock for an aggregate purchase price of approximately $ 27 million, leaving approximately $ 475 million under the share repurchase authorization as of February 8, 2024. | text | 27 | monetaryItemType | text: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> From May 4, 2023 to December 31, 2023, we repurchased approximately 26.5 million shares of Corebridge Common Stock for an aggregate purchase price of approximately $ 498 million. From December 31, 2023 to February 8, 2024, we repurchased approximately 1.2 million shares of Corebridge Common Stock for an aggregate purchase price of approximately $ 27 million, leaving approximately $ 475 million under the share repurchase authorization as of February 8, 2024. </context> | us-gaap:TreasuryStockValueAcquiredCostMethod |
From May 4, 2023 to December 31, 2023, we repurchased approximately 26.5 million shares of Corebridge Common Stock for an aggregate purchase price of approximately $ 498 million. From December 31, 2023 to February 8, 2024, we repurchased approximately 1.2 million shares of Corebridge Common Stock for an aggregate purchase price of approximately $ 27 million, leaving approximately $ 475 million under the share repurchase authorization as of February 8, 2024. | text | 475 | monetaryItemType | text: <entity> 475 </entity> <entity type> monetaryItemType </entity type> <context> From May 4, 2023 to December 31, 2023, we repurchased approximately 26.5 million shares of Corebridge Common Stock for an aggregate purchase price of approximately $ 498 million. From December 31, 2023 to February 8, 2024, we repurchased approximately 1.2 million shares of Corebridge Common Stock for an aggregate purchase price of approximately $ 27 million, leaving approximately $ 475 million under the share repurchase authorization as of February 8, 2024. </context> | us-gaap:StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1 |
(a) On October 31, 2023, we declared a special dividend of $ 1.16 per share on our common stock, payable on November 22, 2023 to stockholders of record at the close of business on November 13, 2023. | text | 1.16 | perShareItemType | text: <entity> 1.16 </entity> <entity type> perShareItemType </entity type> <context> (a) On October 31, 2023, we declared a special dividend of $ 1.16 per share on our common stock, payable on November 22, 2023 to stockholders of record at the close of business on November 13, 2023. </context> | us-gaap:CommonStockDividendsPerShareDeclared |
(b) On June 1, 2023, we declared a special dividend of $ 0.62 per share on our common stock, payable on June 30, 2023 to stockholders of record at the close of business on June 16, 2023. | text | 0.62 | perShareItemType | text: <entity> 0.62 </entity> <entity type> perShareItemType </entity type> <context> (b) On June 1, 2023, we declared a special dividend of $ 0.62 per share on our common stock, payable on June 30, 2023 to stockholders of record at the close of business on June 16, 2023. </context> | us-gaap:CommonStockDividendsPerShareDeclared |
For the year ended December 31, 2022, Corebridge paid cash dividends of $ 876 million. | text | 876 | monetaryItemType | text: <entity> 876 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2022, Corebridge paid cash dividends of $ 876 million. </context> | us-gaap:PaymentsOfOrdinaryDividends |
On February 14, 2024, the Company declared a cash dividend on Corebridge common stock of $ 0.23 per share, payable on March 29, 2024 to shareholders of record at close of business on March 15, 2024. | text | 0.23 | perShareItemType | text: <entity> 0.23 </entity> <entity type> perShareItemType </entity type> <context> On February 14, 2024, the Company declared a cash dividend on Corebridge common stock of $ 0.23 per share, payable on March 29, 2024 to shareholders of record at close of business on March 15, 2024. </context> | us-gaap:CommonStockDividendsPerShareDeclared |
in the amount of $ 13.1 billion, including $ 8.3 billion on November 1, 2021, as well as a dividend from the sale of Corebridge’s interests in a U.S. affordable housing portfolio. | text | 13.1 | monetaryItemType | text: <entity> 13.1 </entity> <entity type> monetaryItemType </entity type> <context> in the amount of $ 13.1 billion, including $ 8.3 billion on November 1, 2021, as well as a dividend from the sale of Corebridge’s interests in a U.S. affordable housing portfolio. </context> | us-gaap:PaymentsOfCapitalDistribution |
in the amount of $ 13.1 billion, including $ 8.3 billion on November 1, 2021, as well as a dividend from the sale of Corebridge’s interests in a U.S. affordable housing portfolio. | text | 8.3 | monetaryItemType | text: <entity> 8.3 </entity> <entity type> monetaryItemType </entity type> <context> in the amount of $ 13.1 billion, including $ 8.3 billion on November 1, 2021, as well as a dividend from the sale of Corebridge’s interests in a U.S. affordable housing portfolio. </context> | us-gaap:PaymentsOfCapitalDistribution |
turned capital to AIG in the amount of $ 536 million. | text | 536 | monetaryItemType | text: <entity> 536 </entity> <entity type> monetaryItemType </entity type> <context> turned capital to AIG in the amount of $ 536 million. </context> | us-gaap:PaymentsOfCapitalDistribution |
On September 6, 2022, Corebridge Parent effectuated a stock split and recapitalization of its 100,000 shares of common stock, of which 90,100 shares were Class A Common Stock and 9,900 shares were Class B Common Stock. Subsequent to September 6, 2022, there is a single class of Common Stock. Accordingly, the two-class method for allocating net income will no longer be applicable. Corebridge Parent split its 100,000 shares of Class A shares and Class B shares in a 6,450 to 1 stock split for a total of 645,000,000 shares of a single class of Common Stock. | text | 100000 | sharesItemType | text: <entity> 100000 </entity> <entity type> sharesItemType </entity type> <context> On September 6, 2022, Corebridge Parent effectuated a stock split and recapitalization of its 100,000 shares of common stock, of which 90,100 shares were Class A Common Stock and 9,900 shares were Class B Common Stock. Subsequent to September 6, 2022, there is a single class of Common Stock. Accordingly, the two-class method for allocating net income will no longer be applicable. Corebridge Parent split its 100,000 shares of Class A shares and Class B shares in a 6,450 to 1 stock split for a total of 645,000,000 shares of a single class of Common Stock. </context> | us-gaap:StockIssuedDuringPeriodSharesStockSplits |
On September 6, 2022, Corebridge Parent effectuated a stock split and recapitalization of its 100,000 shares of common stock, of which 90,100 shares were Class A Common Stock and 9,900 shares were Class B Common Stock. Subsequent to September 6, 2022, there is a single class of Common Stock. Accordingly, the two-class method for allocating net income will no longer be applicable. Corebridge Parent split its 100,000 shares of Class A shares and Class B shares in a 6,450 to 1 stock split for a total of 645,000,000 shares of a single class of Common Stock. | text | 90100 | sharesItemType | text: <entity> 90100 </entity> <entity type> sharesItemType </entity type> <context> On September 6, 2022, Corebridge Parent effectuated a stock split and recapitalization of its 100,000 shares of common stock, of which 90,100 shares were Class A Common Stock and 9,900 shares were Class B Common Stock. Subsequent to September 6, 2022, there is a single class of Common Stock. Accordingly, the two-class method for allocating net income will no longer be applicable. Corebridge Parent split its 100,000 shares of Class A shares and Class B shares in a 6,450 to 1 stock split for a total of 645,000,000 shares of a single class of Common Stock. </context> | us-gaap:StockIssuedDuringPeriodSharesStockSplits |
On September 6, 2022, Corebridge Parent effectuated a stock split and recapitalization of its 100,000 shares of common stock, of which 90,100 shares were Class A Common Stock and 9,900 shares were Class B Common Stock. Subsequent to September 6, 2022, there is a single class of Common Stock. Accordingly, the two-class method for allocating net income will no longer be applicable. Corebridge Parent split its 100,000 shares of Class A shares and Class B shares in a 6,450 to 1 stock split for a total of 645,000,000 shares of a single class of Common Stock. | text | 9900 | sharesItemType | text: <entity> 9900 </entity> <entity type> sharesItemType </entity type> <context> On September 6, 2022, Corebridge Parent effectuated a stock split and recapitalization of its 100,000 shares of common stock, of which 90,100 shares were Class A Common Stock and 9,900 shares were Class B Common Stock. Subsequent to September 6, 2022, there is a single class of Common Stock. Accordingly, the two-class method for allocating net income will no longer be applicable. Corebridge Parent split its 100,000 shares of Class A shares and Class B shares in a 6,450 to 1 stock split for a total of 645,000,000 shares of a single class of Common Stock. </context> | us-gaap:StockIssuedDuringPeriodSharesStockSplits |
On September 6, 2022, Corebridge Parent effectuated a stock split and recapitalization of its 100,000 shares of common stock, of which 90,100 shares were Class A Common Stock and 9,900 shares were Class B Common Stock. Subsequent to September 6, 2022, there is a single class of Common Stock. Accordingly, the two-class method for allocating net income will no longer be applicable. Corebridge Parent split its 100,000 shares of Class A shares and Class B shares in a 6,450 to 1 stock split for a total of 645,000,000 shares of a single class of Common Stock. | text | 645000000 | sharesItemType | text: <entity> 645000000 </entity> <entity type> sharesItemType </entity type> <context> On September 6, 2022, Corebridge Parent effectuated a stock split and recapitalization of its 100,000 shares of common stock, of which 90,100 shares were Class A Common Stock and 9,900 shares were Class B Common Stock. Subsequent to September 6, 2022, there is a single class of Common Stock. Accordingly, the two-class method for allocating net income will no longer be applicable. Corebridge Parent split its 100,000 shares of Class A shares and Class B shares in a 6,450 to 1 stock split for a total of 645,000,000 shares of a single class of Common Stock. </context> | us-gaap:StockIssuedDuringPeriodSharesStockSplits |
The results of the stock split have been applied retroactively to the weighted average common shares outstanding for all periods prior to September 6, 2022. After closing the sale of a 9.9 % equity stake in Corebridge to Blackstone on November 2, 2021, Blackstone owned 63,855,000 shares of Class B Common Stock. Prior to the sale of the Class B shares to Blackstone on November 2, 2021, Class B shares did not exist. The Class B Common Stock was pari passu to the Class A Common Stock except for distributions associated with the sale of the affordable housing portfolio. Prior to September 6, 2022, we used the two-class method for allocating net income to each class of our common stock. | text | 9.9 | percentItemType | text: <entity> 9.9 </entity> <entity type> percentItemType </entity type> <context> The results of the stock split have been applied retroactively to the weighted average common shares outstanding for all periods prior to September 6, 2022. After closing the sale of a 9.9 % equity stake in Corebridge to Blackstone on November 2, 2021, Blackstone owned 63,855,000 shares of Class B Common Stock. Prior to the sale of the Class B shares to Blackstone on November 2, 2021, Class B shares did not exist. The Class B Common Stock was pari passu to the Class A Common Stock except for distributions associated with the sale of the affordable housing portfolio. Prior to September 6, 2022, we used the two-class method for allocating net income to each class of our common stock. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
The results of the stock split have been applied retroactively to the weighted average common shares outstanding for all periods prior to September 6, 2022. After closing the sale of a 9.9 % equity stake in Corebridge to Blackstone on November 2, 2021, Blackstone owned 63,855,000 shares of Class B Common Stock. Prior to the sale of the Class B shares to Blackstone on November 2, 2021, Class B shares did not exist. The Class B Common Stock was pari passu to the Class A Common Stock except for distributions associated with the sale of the affordable housing portfolio. Prior to September 6, 2022, we used the two-class method for allocating net income to each class of our common stock. | text | 63855000 | sharesItemType | text: <entity> 63855000 </entity> <entity type> sharesItemType </entity type> <context> The results of the stock split have been applied retroactively to the weighted average common shares outstanding for all periods prior to September 6, 2022. After closing the sale of a 9.9 % equity stake in Corebridge to Blackstone on November 2, 2021, Blackstone owned 63,855,000 shares of Class B Common Stock. Prior to the sale of the Class B shares to Blackstone on November 2, 2021, Class B shares did not exist. The Class B Common Stock was pari passu to the Class A Common Stock except for distributions associated with the sale of the affordable housing portfolio. Prior to September 6, 2022, we used the two-class method for allocating net income to each class of our common stock. </context> | us-gaap:CommonStockSharesOutstanding |
(b) Potential dilutive common shares include our share-based employee compensation plans. The number of common shares excluded from dilutive shares outstanding was approximately and 0.9 million and 41 thousand for the years ended December 31, | text | 0.9 | sharesItemType | text: <entity> 0.9 </entity> <entity type> sharesItemType </entity type> <context> (b) Potential dilutive common shares include our share-based employee compensation plans. The number of common shares excluded from dilutive shares outstanding was approximately and 0.9 million and 41 thousand for the years ended December 31, </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
(b) Potential dilutive common shares include our share-based employee compensation plans. The number of common shares excluded from dilutive shares outstanding was approximately and 0.9 million and 41 thousand for the years ended December 31, | text | 41 | sharesItemType | text: <entity> 41 </entity> <entity type> sharesItemType </entity type> <context> (b) Potential dilutive common shares include our share-based employee compensation plans. The number of common shares excluded from dilutive shares outstanding was approximately and 0.9 million and 41 thousand for the years ended December 31, </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
We have an intercompany reinsurance arrangement with CRBG Bermuda whereby certain Regulation XXX and Guideline AXXX reserves related to a closed block of in-force business are ceded to CRBG Bermuda. CRBG Bermuda had a $ 250 million letter of credit guaranteed by AIG that is used to support the credit for reinsurance provided by CRBG Bermuda. Effective May 9, 2022, the letter of credit was reduced from $ 250 million to $ 175 million, and effective May 12, 2022, Corebridge Parent has replaced AIG as the guarantor. Effective May 25, 2023, the letter of credit was reduced from $ 175 million to $ 125 million. | text | 250 | monetaryItemType | text: <entity> 250 </entity> <entity type> monetaryItemType </entity type> <context> We have an intercompany reinsurance arrangement with CRBG Bermuda whereby certain Regulation XXX and Guideline AXXX reserves related to a closed block of in-force business are ceded to CRBG Bermuda. CRBG Bermuda had a $ 250 million letter of credit guaranteed by AIG that is used to support the credit for reinsurance provided by CRBG Bermuda. Effective May 9, 2022, the letter of credit was reduced from $ 250 million to $ 175 million, and effective May 12, 2022, Corebridge Parent has replaced AIG as the guarantor. Effective May 25, 2023, the letter of credit was reduced from $ 175 million to $ 125 million. </context> | us-gaap:LongTermDebt |
We have an intercompany reinsurance arrangement with CRBG Bermuda whereby certain Regulation XXX and Guideline AXXX reserves related to a closed block of in-force business are ceded to CRBG Bermuda. CRBG Bermuda had a $ 250 million letter of credit guaranteed by AIG that is used to support the credit for reinsurance provided by CRBG Bermuda. Effective May 9, 2022, the letter of credit was reduced from $ 250 million to $ 175 million, and effective May 12, 2022, Corebridge Parent has replaced AIG as the guarantor. Effective May 25, 2023, the letter of credit was reduced from $ 175 million to $ 125 million. | text | 250 | monetaryItemType | text: <entity> 250 </entity> <entity type> monetaryItemType </entity type> <context> We have an intercompany reinsurance arrangement with CRBG Bermuda whereby certain Regulation XXX and Guideline AXXX reserves related to a closed block of in-force business are ceded to CRBG Bermuda. CRBG Bermuda had a $ 250 million letter of credit guaranteed by AIG that is used to support the credit for reinsurance provided by CRBG Bermuda. Effective May 9, 2022, the letter of credit was reduced from $ 250 million to $ 175 million, and effective May 12, 2022, Corebridge Parent has replaced AIG as the guarantor. Effective May 25, 2023, the letter of credit was reduced from $ 175 million to $ 125 million. </context> | us-gaap:LettersOfCreditOutstandingAmount |
We have an intercompany reinsurance arrangement with CRBG Bermuda whereby certain Regulation XXX and Guideline AXXX reserves related to a closed block of in-force business are ceded to CRBG Bermuda. CRBG Bermuda had a $ 250 million letter of credit guaranteed by AIG that is used to support the credit for reinsurance provided by CRBG Bermuda. Effective May 9, 2022, the letter of credit was reduced from $ 250 million to $ 175 million, and effective May 12, 2022, Corebridge Parent has replaced AIG as the guarantor. Effective May 25, 2023, the letter of credit was reduced from $ 175 million to $ 125 million. | text | 175 | monetaryItemType | text: <entity> 175 </entity> <entity type> monetaryItemType </entity type> <context> We have an intercompany reinsurance arrangement with CRBG Bermuda whereby certain Regulation XXX and Guideline AXXX reserves related to a closed block of in-force business are ceded to CRBG Bermuda. CRBG Bermuda had a $ 250 million letter of credit guaranteed by AIG that is used to support the credit for reinsurance provided by CRBG Bermuda. Effective May 9, 2022, the letter of credit was reduced from $ 250 million to $ 175 million, and effective May 12, 2022, Corebridge Parent has replaced AIG as the guarantor. Effective May 25, 2023, the letter of credit was reduced from $ 175 million to $ 125 million. </context> | us-gaap:LettersOfCreditOutstandingAmount |
We have an intercompany reinsurance arrangement with CRBG Bermuda whereby certain Regulation XXX and Guideline AXXX reserves related to a closed block of in-force business are ceded to CRBG Bermuda. CRBG Bermuda had a $ 250 million letter of credit guaranteed by AIG that is used to support the credit for reinsurance provided by CRBG Bermuda. Effective May 9, 2022, the letter of credit was reduced from $ 250 million to $ 175 million, and effective May 12, 2022, Corebridge Parent has replaced AIG as the guarantor. Effective May 25, 2023, the letter of credit was reduced from $ 175 million to $ 125 million. | text | 125 | monetaryItemType | text: <entity> 125 </entity> <entity type> monetaryItemType </entity type> <context> We have an intercompany reinsurance arrangement with CRBG Bermuda whereby certain Regulation XXX and Guideline AXXX reserves related to a closed block of in-force business are ceded to CRBG Bermuda. CRBG Bermuda had a $ 250 million letter of credit guaranteed by AIG that is used to support the credit for reinsurance provided by CRBG Bermuda. Effective May 9, 2022, the letter of credit was reduced from $ 250 million to $ 175 million, and effective May 12, 2022, Corebridge Parent has replaced AIG as the guarantor. Effective May 25, 2023, the letter of credit was reduced from $ 175 million to $ 125 million. </context> | us-gaap:LettersOfCreditOutstandingAmount |
The permitted practice resulted in an increase in the statutory surplus of AGL of approximately $ 1.7 billion and $ 1.0 billion at December 31, 2023 and 2022, respectively. | text | 1.7 | monetaryItemType | text: <entity> 1.7 </entity> <entity type> monetaryItemType </entity type> <context> The permitted practice resulted in an increase in the statutory surplus of AGL of approximately $ 1.7 billion and $ 1.0 billion at December 31, 2023 and 2022, respectively. </context> | us-gaap:StatutoryAccountingPracticesPermittedPracticeAmount |
The permitted practice resulted in an increase in the statutory surplus of AGL of approximately $ 1.7 billion and $ 1.0 billion at December 31, 2023 and 2022, respectively. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> The permitted practice resulted in an increase in the statutory surplus of AGL of approximately $ 1.7 billion and $ 1.0 billion at December 31, 2023 and 2022, respectively. </context> | us-gaap:StatutoryAccountingPracticesPermittedPracticeAmount |
e $ 1.5 billion. Specific to AGC Life, the maximum amount that would qualify as an ordinary dividend, which would consequently be free from restriction and available for payment of dividends to Corebridge in 2024, based upon financial information as of December 31, 2023 is estimated to be $ 4.2 billion | text | 1.5 | monetaryItemType | text: <entity> 1.5 </entity> <entity type> monetaryItemType </entity type> <context> e $ 1.5 billion. Specific to AGC Life, the maximum amount that would qualify as an ordinary dividend, which would consequently be free from restriction and available for payment of dividends to Corebridge in 2024, based upon financial information as of December 31, 2023 is estimated to be $ 4.2 billion </context> | us-gaap:PaymentsOfOrdinaryDividends |
e $ 1.5 billion. Specific to AGC Life, the maximum amount that would qualify as an ordinary dividend, which would consequently be free from restriction and available for payment of dividends to Corebridge in 2024, based upon financial information as of December 31, 2023 is estimated to be $ 4.2 billion | text | 4.2 | monetaryItemType | text: <entity> 4.2 </entity> <entity type> monetaryItemType </entity type> <context> e $ 1.5 billion. Specific to AGC Life, the maximum amount that would qualify as an ordinary dividend, which would consequently be free from restriction and available for payment of dividends to Corebridge in 2024, based upon financial information as of December 31, 2023 is estimated to be $ 4.2 billion </context> | us-gaap:PaymentsOfOrdinaryDividends |
Equity awards under the Corebridge Plans are linked to Corebridge Parent’s common stock (“CRBG Stock”). A total of 40,000,000 shares of CRBG Stock are authorized for delivery pursuant to awards granted or assumed under the Plans. Delivered shares may be newly-issued shares or shares held in treasury. | text | 40000000 | sharesItemType | text: <entity> 40000000 </entity> <entity type> sharesItemType </entity type> <context> Equity awards under the Corebridge Plans are linked to Corebridge Parent’s common stock (“CRBG Stock”). A total of 40,000,000 shares of CRBG Stock are authorized for delivery pursuant to awards granted or assumed under the Plans. Delivered shares may be newly-issued shares or shares held in treasury. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
All AIG RSUs that were held by our active employees on September 14, 2022 (the pricing date for the IPO) were converted into RSUs linked to the performance of CRBG Stock (“Corebridge RSUs”), on terms and conditions that are substantially the same as the corresponding AIG RSUs, with the number of AIG RSUs adjusted in a manner intended to preserve their intrinsic value as of immediately before and immediately following the conversion (subject to rounding). Specifically, the AIG RSUs were converted to Corebridge RSUs based on a conversion factor of 2.580952 . The conversion factor was determined by the AIG closing stock price on September 14 ($ 54.20 ) divided by the public offering price for CRBG Stock in the IPO ($ 21.00 ). | text | 54.20 | perShareItemType | text: <entity> 54.20 </entity> <entity type> perShareItemType </entity type> <context> All AIG RSUs that were held by our active employees on September 14, 2022 (the pricing date for the IPO) were converted into RSUs linked to the performance of CRBG Stock (“Corebridge RSUs”), on terms and conditions that are substantially the same as the corresponding AIG RSUs, with the number of AIG RSUs adjusted in a manner intended to preserve their intrinsic value as of immediately before and immediately following the conversion (subject to rounding). Specifically, the AIG RSUs were converted to Corebridge RSUs based on a conversion factor of 2.580952 . The conversion factor was determined by the AIG closing stock price on September 14 ($ 54.20 ) divided by the public offering price for CRBG Stock in the IPO ($ 21.00 ). </context> | us-gaap:SharePrice |
All AIG RSUs that were held by our active employees on September 14, 2022 (the pricing date for the IPO) were converted into RSUs linked to the performance of CRBG Stock (“Corebridge RSUs”), on terms and conditions that are substantially the same as the corresponding AIG RSUs, with the number of AIG RSUs adjusted in a manner intended to preserve their intrinsic value as of immediately before and immediately following the conversion (subject to rounding). Specifically, the AIG RSUs were converted to Corebridge RSUs based on a conversion factor of 2.580952 . The conversion factor was determined by the AIG closing stock price on September 14 ($ 54.20 ) divided by the public offering price for CRBG Stock in the IPO ($ 21.00 ). | text | 21.00 | perShareItemType | text: <entity> 21.00 </entity> <entity type> perShareItemType </entity type> <context> All AIG RSUs that were held by our active employees on September 14, 2022 (the pricing date for the IPO) were converted into RSUs linked to the performance of CRBG Stock (“Corebridge RSUs”), on terms and conditions that are substantially the same as the corresponding AIG RSUs, with the number of AIG RSUs adjusted in a manner intended to preserve their intrinsic value as of immediately before and immediately following the conversion (subject to rounding). Specifically, the AIG RSUs were converted to Corebridge RSUs based on a conversion factor of 2.580952 . The conversion factor was determined by the AIG closing stock price on September 14 ($ 54.20 ) divided by the public offering price for CRBG Stock in the IPO ($ 21.00 ). </context> | us-gaap:SharePrice |
(a) As a result of accelerated vesting events, such as retirement eligibility in the year of grant and involuntary terminations, we recognized $ 24 million, $ 25 million and $ 17 million in 2023, 2022, and 2021, respectively, prior to the end of the specified vesting periods. It is our policy to reverse compensation expense for forfeited awards when they occur. | text | 24 | monetaryItemType | text: <entity> 24 </entity> <entity type> monetaryItemType </entity type> <context> (a) As a result of accelerated vesting events, such as retirement eligibility in the year of grant and involuntary terminations, we recognized $ 24 million, $ 25 million and $ 17 million in 2023, 2022, and 2021, respectively, prior to the end of the specified vesting periods. It is our policy to reverse compensation expense for forfeited awards when they occur. </context> | us-gaap:EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards |
(a) As a result of accelerated vesting events, such as retirement eligibility in the year of grant and involuntary terminations, we recognized $ 24 million, $ 25 million and $ 17 million in 2023, 2022, and 2021, respectively, prior to the end of the specified vesting periods. It is our policy to reverse compensation expense for forfeited awards when they occur. | text | 25 | monetaryItemType | text: <entity> 25 </entity> <entity type> monetaryItemType </entity type> <context> (a) As a result of accelerated vesting events, such as retirement eligibility in the year of grant and involuntary terminations, we recognized $ 24 million, $ 25 million and $ 17 million in 2023, 2022, and 2021, respectively, prior to the end of the specified vesting periods. It is our policy to reverse compensation expense for forfeited awards when they occur. </context> | us-gaap:EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards |
(a) As a result of accelerated vesting events, such as retirement eligibility in the year of grant and involuntary terminations, we recognized $ 24 million, $ 25 million and $ 17 million in 2023, 2022, and 2021, respectively, prior to the end of the specified vesting periods. It is our policy to reverse compensation expense for forfeited awards when they occur. | text | 17 | monetaryItemType | text: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> (a) As a result of accelerated vesting events, such as retirement eligibility in the year of grant and involuntary terminations, we recognized $ 24 million, $ 25 million and $ 17 million in 2023, 2022, and 2021, respectively, prior to the end of the specified vesting periods. It is our policy to reverse compensation expense for forfeited awards when they occur. </context> | us-gaap:EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards |
, the total unrecognized compensation cost for outstanding RSUs was $ 35 million, the weighted-average period of years over which that cost is expected to be recognized is 1 year. | text | 35 | monetaryItemType | text: <entity> 35 </entity> <entity type> monetaryItemType </entity type> <context> , the total unrecognized compensation cost for outstanding RSUs was $ 35 million, the weighted-average period of years over which that cost is expected to be recognized is 1 year. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions |
The weighted average grant date fair value of stock options granted during 2023 was $ 5.93 . As of December 31, 2023, we recognized $ 3 million of expense, while $ 1 million was unrecognized and is expected to be amortized up to 2.25 years. No options were exercised during 2023. | text | 5.93 | perShareItemType | text: <entity> 5.93 </entity> <entity type> perShareItemType </entity type> <context> The weighted average grant date fair value of stock options granted during 2023 was $ 5.93 . As of December 31, 2023, we recognized $ 3 million of expense, while $ 1 million was unrecognized and is expected to be amortized up to 2.25 years. No options were exercised during 2023. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The weighted average grant date fair value of stock options granted during 2023 was $ 5.93 . As of December 31, 2023, we recognized $ 3 million of expense, while $ 1 million was unrecognized and is expected to be amortized up to 2.25 years. No options were exercised during 2023. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> The weighted average grant date fair value of stock options granted during 2023 was $ 5.93 . As of December 31, 2023, we recognized $ 3 million of expense, while $ 1 million was unrecognized and is expected to be amortized up to 2.25 years. No options were exercised during 2023. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
The weighted average grant date fair value of stock options granted during 2023 was $ 5.93 . As of December 31, 2023, we recognized $ 3 million of expense, while $ 1 million was unrecognized and is expected to be amortized up to 2.25 years. No options were exercised during 2023. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> The weighted average grant date fair value of stock options granted during 2023 was $ 5.93 . As of December 31, 2023, we recognized $ 3 million of expense, while $ 1 million was unrecognized and is expected to be amortized up to 2.25 years. No options were exercised during 2023. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions |
The weighted average grant date fair value of stock options granted during 2023 was $ 5.93 . As of December 31, 2023, we recognized $ 3 million of expense, while $ 1 million was unrecognized and is expected to be amortized up to 2.25 years. No options were exercised during 2023. | text | No | sharesItemType | text: <entity> No </entity> <entity type> sharesItemType </entity type> <context> The weighted average grant date fair value of stock options granted during 2023 was $ 5.93 . As of December 31, 2023, we recognized $ 3 million of expense, while $ 1 million was unrecognized and is expected to be amortized up to 2.25 years. No options were exercised during 2023. </context> | us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised |
Our non-employee directors, who serve on our Board of Directors, receive share-based compensation in the form of fully vested deferred stock units (“DSUs”) with delivery deferred until retirement from the Board. DSUs accrue dividend equivalents from the award grant date until the shares are delivered, and are paid in cash upon issuance. In 2023 we granted to non-employee directors 71,356 DSUs, and recognized expense of $ 1 million. | text | 71356 | sharesItemType | text: <entity> 71356 </entity> <entity type> sharesItemType </entity type> <context> Our non-employee directors, who serve on our Board of Directors, receive share-based compensation in the form of fully vested deferred stock units (“DSUs”) with delivery deferred until retirement from the Board. DSUs accrue dividend equivalents from the award grant date until the shares are delivered, and are paid in cash upon issuance. In 2023 we granted to non-employee directors 71,356 DSUs, and recognized expense of $ 1 million. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
Our non-employee directors, who serve on our Board of Directors, receive share-based compensation in the form of fully vested deferred stock units (“DSUs”) with delivery deferred until retirement from the Board. DSUs accrue dividend equivalents from the award grant date until the shares are delivered, and are paid in cash upon issuance. In 2023 we granted to non-employee directors 71,356 DSUs, and recognized expense of $ 1 million. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> Our non-employee directors, who serve on our Board of Directors, receive share-based compensation in the form of fully vested deferred stock units (“DSUs”) with delivery deferred until retirement from the Board. DSUs accrue dividend equivalents from the award grant date until the shares are delivered, and are paid in cash upon issuance. In 2023 we granted to non-employee directors 71,356 DSUs, and recognized expense of $ 1 million. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
, $ 27 million and $ 52 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 27 | monetaryItemType | text: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> , $ 27 million and $ 52 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost |
, $ 27 million and $ 52 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 52 | monetaryItemType | text: <entity> 52 </entity> <entity type> monetaryItemType </entity type> <context> , $ 27 million and $ 52 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost |
In addition, certain employees in Ireland participate in a defined benefit pension plan sponsored by the Company (the “Irish Plan”), registered with the Irish Pensions Board under the Pensions Act of 1990 in Ireland. The Irish Plan does not include participants from other affiliates of AIG and was closed to new participants after December 2005, and to future service accrual for active members after July 2017. Members with benefits under the Irish Plan are not required to contribute to it. Effective with the sale of Laya on October 31, 2023, Corebridge no longer has any obligations or liability with respect to the Irish Plan. The projected benefit obligation and the fair value of plan assets recorded in the Consolidated Balance Sheets was $ 15 million and $ 22 million, respectively, as of December 31, 2022. | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> In addition, certain employees in Ireland participate in a defined benefit pension plan sponsored by the Company (the “Irish Plan”), registered with the Irish Pensions Board under the Pensions Act of 1990 in Ireland. The Irish Plan does not include participants from other affiliates of AIG and was closed to new participants after December 2005, and to future service accrual for active members after July 2017. Members with benefits under the Irish Plan are not required to contribute to it. Effective with the sale of Laya on October 31, 2023, Corebridge no longer has any obligations or liability with respect to the Irish Plan. The projected benefit obligation and the fair value of plan assets recorded in the Consolidated Balance Sheets was $ 15 million and $ 22 million, respectively, as of December 31, 2022. </context> | us-gaap:DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsProjectedBenefitObligation |
In addition, certain employees in Ireland participate in a defined benefit pension plan sponsored by the Company (the “Irish Plan”), registered with the Irish Pensions Board under the Pensions Act of 1990 in Ireland. The Irish Plan does not include participants from other affiliates of AIG and was closed to new participants after December 2005, and to future service accrual for active members after July 2017. Members with benefits under the Irish Plan are not required to contribute to it. Effective with the sale of Laya on October 31, 2023, Corebridge no longer has any obligations or liability with respect to the Irish Plan. The projected benefit obligation and the fair value of plan assets recorded in the Consolidated Balance Sheets was $ 15 million and $ 22 million, respectively, as of December 31, 2022. | text | 22 | monetaryItemType | text: <entity> 22 </entity> <entity type> monetaryItemType </entity type> <context> In addition, certain employees in Ireland participate in a defined benefit pension plan sponsored by the Company (the “Irish Plan”), registered with the Irish Pensions Board under the Pensions Act of 1990 in Ireland. The Irish Plan does not include participants from other affiliates of AIG and was closed to new participants after December 2005, and to future service accrual for active members after July 2017. Members with benefits under the Irish Plan are not required to contribute to it. Effective with the sale of Laya on October 31, 2023, Corebridge no longer has any obligations or liability with respect to the Irish Plan. The projected benefit obligation and the fair value of plan assets recorded in the Consolidated Balance Sheets was $ 15 million and $ 22 million, respectively, as of December 31, 2022. </context> | us-gaap:DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent |
Company’s postretirement benefit expense recorded in the Consolidated Statements of Income (Loss) was $ 1 million, $ 1 million and $ 3 million for the years ended December 31, 2023, 2022 and 2021 respectively. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> Company’s postretirement benefit expense recorded in the Consolidated Statements of Income (Loss) was $ 1 million, $ 1 million and $ 3 million for the years ended December 31, 2023, 2022 and 2021 respectively. </context> | us-gaap:MultiemployerPlanEmployerContributionCost |
Company’s postretirement benefit expense recorded in the Consolidated Statements of Income (Loss) was $ 1 million, $ 1 million and $ 3 million for the years ended December 31, 2023, 2022 and 2021 respectively. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> Company’s postretirement benefit expense recorded in the Consolidated Statements of Income (Loss) was $ 1 million, $ 1 million and $ 3 million for the years ended December 31, 2023, 2022 and 2021 respectively. </context> | us-gaap:MultiemployerPlanEmployerContributionCost |
The Company’s contributions relating to these plans were $ 68 million, $ 76 million and $ 74 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 68 | monetaryItemType | text: <entity> 68 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s contributions relating to these plans were $ 68 million, $ 76 million and $ 74 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:MultiemployerPlanEmployerContributionCost |
The Company’s contributions relating to these plans were $ 68 million, $ 76 million and $ 74 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 76 | monetaryItemType | text: <entity> 76 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s contributions relating to these plans were $ 68 million, $ 76 million and $ 74 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:MultiemployerPlanEmployerContributionCost |
The Company’s contributions relating to these plans were $ 68 million, $ 76 million and $ 74 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 74 | monetaryItemType | text: <entity> 74 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s contributions relating to these plans were $ 68 million, $ 76 million and $ 74 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:MultiemployerPlanEmployerContributionCost |
, $ 8 million and $ 8 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 8 | monetaryItemType | text: <entity> 8 </entity> <entity type> monetaryItemType </entity type> <context> , $ 8 million and $ 8 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
Prior to the IPO, Corebridge Parent and certain U.S. subsidiaries were included in the consolidated federal income tax return of AIG as well as certain state tax returns where AIG files on a combined or unitary basis. Following the IPO, AIG owned less than 80 % interest in Corebridge, resulting in tax deconsolidation of Corebridge from the AIG Consolidated Tax Group. In addition, under the tax law, AGC and its directly owned life insurance subsidiaries (the “AGC Group”) will not be permitted to join in the filing of a U.S. consolidated federal income tax return with our other subsidiaries (collectively, the “Non-Life Group”) for the five-year waiting period. Instead, the AGC Group is expected to file separately as members of the AGC Group consolidated U.S. federal income tax return during the five-year waiting period. Following the five-year waiting period, the AGC Group is expected to join the U.S. consolidated federal income tax return with the Non-Life Group in 2028. The balance sheet classification of U.S. federal current and deferred tax assets/liabilities is based on the respective separate U.S. Federal tax filing groups. | text | 80 | percentItemType | text: <entity> 80 </entity> <entity type> percentItemType </entity type> <context> Prior to the IPO, Corebridge Parent and certain U.S. subsidiaries were included in the consolidated federal income tax return of AIG as well as certain state tax returns where AIG files on a combined or unitary basis. Following the IPO, AIG owned less than 80 % interest in Corebridge, resulting in tax deconsolidation of Corebridge from the AIG Consolidated Tax Group. In addition, under the tax law, AGC and its directly owned life insurance subsidiaries (the “AGC Group”) will not be permitted to join in the filing of a U.S. consolidated federal income tax return with our other subsidiaries (collectively, the “Non-Life Group”) for the five-year waiting period. Instead, the AGC Group is expected to file separately as members of the AGC Group consolidated U.S. federal income tax return during the five-year waiting period. Following the five-year waiting period, the AGC Group is expected to join the U.S. consolidated federal income tax return with the Non-Life Group in 2028. The balance sheet classification of U.S. federal current and deferred tax assets/liabilities is based on the respective separate U.S. Federal tax filing groups. </context> | us-gaap:MinorityInterestOwnershipPercentageByParent |
For the year ended December 31, 2023, there was a tax benefit on income from operations, resulting in an effective tax rate on income from operations of ( 10.2 )%. The effective tax rate on income from operations differs from the statutory tax rate of 21 % primarily due to tax benefits of $ 95 million of associated with the establishment of outside basis as a result of the held-for-sale designation of Laya and AIG Life, $ 67 million associated with tax adjustments related to prior year returns, $ 59 million dividends received deduction, $ 52 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, and $ 40 million adjustments to deferred tax assets. These tax benefits were partially offset by tax charges of $ 14 million as a result of noncontrolling interest, $ 12 million related to state and local income taxes, and $ 11 million additional valuation allowance establishment. | text | 10.2 | percentItemType | text: <entity> 10.2 </entity> <entity type> percentItemType </entity type> <context> For the year ended December 31, 2023, there was a tax benefit on income from operations, resulting in an effective tax rate on income from operations of ( 10.2 )%. The effective tax rate on income from operations differs from the statutory tax rate of 21 % primarily due to tax benefits of $ 95 million of associated with the establishment of outside basis as a result of the held-for-sale designation of Laya and AIG Life, $ 67 million associated with tax adjustments related to prior year returns, $ 59 million dividends received deduction, $ 52 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, and $ 40 million adjustments to deferred tax assets. These tax benefits were partially offset by tax charges of $ 14 million as a result of noncontrolling interest, $ 12 million related to state and local income taxes, and $ 11 million additional valuation allowance establishment. </context> | us-gaap:EffectiveIncomeTaxRateContinuingOperations |
For the year ended December 31, 2023, there was a tax benefit on income from operations, resulting in an effective tax rate on income from operations of ( 10.2 )%. The effective tax rate on income from operations differs from the statutory tax rate of 21 % primarily due to tax benefits of $ 95 million of associated with the establishment of outside basis as a result of the held-for-sale designation of Laya and AIG Life, $ 67 million associated with tax adjustments related to prior year returns, $ 59 million dividends received deduction, $ 52 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, and $ 40 million adjustments to deferred tax assets. These tax benefits were partially offset by tax charges of $ 14 million as a result of noncontrolling interest, $ 12 million related to state and local income taxes, and $ 11 million additional valuation allowance establishment. | text | 21 | percentItemType | text: <entity> 21 </entity> <entity type> percentItemType </entity type> <context> For the year ended December 31, 2023, there was a tax benefit on income from operations, resulting in an effective tax rate on income from operations of ( 10.2 )%. The effective tax rate on income from operations differs from the statutory tax rate of 21 % primarily due to tax benefits of $ 95 million of associated with the establishment of outside basis as a result of the held-for-sale designation of Laya and AIG Life, $ 67 million associated with tax adjustments related to prior year returns, $ 59 million dividends received deduction, $ 52 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, and $ 40 million adjustments to deferred tax assets. These tax benefits were partially offset by tax charges of $ 14 million as a result of noncontrolling interest, $ 12 million related to state and local income taxes, and $ 11 million additional valuation allowance establishment. </context> | us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate |
For the year ended December 31, 2023, there was a tax benefit on income from operations, resulting in an effective tax rate on income from operations of ( 10.2 )%. The effective tax rate on income from operations differs from the statutory tax rate of 21 % primarily due to tax benefits of $ 95 million of associated with the establishment of outside basis as a result of the held-for-sale designation of Laya and AIG Life, $ 67 million associated with tax adjustments related to prior year returns, $ 59 million dividends received deduction, $ 52 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, and $ 40 million adjustments to deferred tax assets. These tax benefits were partially offset by tax charges of $ 14 million as a result of noncontrolling interest, $ 12 million related to state and local income taxes, and $ 11 million additional valuation allowance establishment. | text | 67 | monetaryItemType | text: <entity> 67 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, there was a tax benefit on income from operations, resulting in an effective tax rate on income from operations of ( 10.2 )%. The effective tax rate on income from operations differs from the statutory tax rate of 21 % primarily due to tax benefits of $ 95 million of associated with the establishment of outside basis as a result of the held-for-sale designation of Laya and AIG Life, $ 67 million associated with tax adjustments related to prior year returns, $ 59 million dividends received deduction, $ 52 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, and $ 40 million adjustments to deferred tax assets. These tax benefits were partially offset by tax charges of $ 14 million as a result of noncontrolling interest, $ 12 million related to state and local income taxes, and $ 11 million additional valuation allowance establishment. </context> | us-gaap:IncomeTaxReconciliationPriorYearIncomeTaxes |
For the year ended December 31, 2023, there was a tax benefit on income from operations, resulting in an effective tax rate on income from operations of ( 10.2 )%. The effective tax rate on income from operations differs from the statutory tax rate of 21 % primarily due to tax benefits of $ 95 million of associated with the establishment of outside basis as a result of the held-for-sale designation of Laya and AIG Life, $ 67 million associated with tax adjustments related to prior year returns, $ 59 million dividends received deduction, $ 52 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, and $ 40 million adjustments to deferred tax assets. These tax benefits were partially offset by tax charges of $ 14 million as a result of noncontrolling interest, $ 12 million related to state and local income taxes, and $ 11 million additional valuation allowance establishment. | text | 59 | monetaryItemType | text: <entity> 59 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, there was a tax benefit on income from operations, resulting in an effective tax rate on income from operations of ( 10.2 )%. The effective tax rate on income from operations differs from the statutory tax rate of 21 % primarily due to tax benefits of $ 95 million of associated with the establishment of outside basis as a result of the held-for-sale designation of Laya and AIG Life, $ 67 million associated with tax adjustments related to prior year returns, $ 59 million dividends received deduction, $ 52 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, and $ 40 million adjustments to deferred tax assets. These tax benefits were partially offset by tax charges of $ 14 million as a result of noncontrolling interest, $ 12 million related to state and local income taxes, and $ 11 million additional valuation allowance establishment. </context> | us-gaap:IncomeTaxReconciliationDeductionsDividends |
For the year ended December 31, 2023, there was a tax benefit on income from operations, resulting in an effective tax rate on income from operations of ( 10.2 )%. The effective tax rate on income from operations differs from the statutory tax rate of 21 % primarily due to tax benefits of $ 95 million of associated with the establishment of outside basis as a result of the held-for-sale designation of Laya and AIG Life, $ 67 million associated with tax adjustments related to prior year returns, $ 59 million dividends received deduction, $ 52 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, and $ 40 million adjustments to deferred tax assets. These tax benefits were partially offset by tax charges of $ 14 million as a result of noncontrolling interest, $ 12 million related to state and local income taxes, and $ 11 million additional valuation allowance establishment. | text | 14 | monetaryItemType | text: <entity> 14 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, there was a tax benefit on income from operations, resulting in an effective tax rate on income from operations of ( 10.2 )%. The effective tax rate on income from operations differs from the statutory tax rate of 21 % primarily due to tax benefits of $ 95 million of associated with the establishment of outside basis as a result of the held-for-sale designation of Laya and AIG Life, $ 67 million associated with tax adjustments related to prior year returns, $ 59 million dividends received deduction, $ 52 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, and $ 40 million adjustments to deferred tax assets. These tax benefits were partially offset by tax charges of $ 14 million as a result of noncontrolling interest, $ 12 million related to state and local income taxes, and $ 11 million additional valuation allowance establishment. </context> | us-gaap:IncomeTaxReconciliationMinorityInterestIncomeExpense |
For the year ended December 31, 2023, there was a tax benefit on income from operations, resulting in an effective tax rate on income from operations of ( 10.2 )%. The effective tax rate on income from operations differs from the statutory tax rate of 21 % primarily due to tax benefits of $ 95 million of associated with the establishment of outside basis as a result of the held-for-sale designation of Laya and AIG Life, $ 67 million associated with tax adjustments related to prior year returns, $ 59 million dividends received deduction, $ 52 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, and $ 40 million adjustments to deferred tax assets. These tax benefits were partially offset by tax charges of $ 14 million as a result of noncontrolling interest, $ 12 million related to state and local income taxes, and $ 11 million additional valuation allowance establishment. | text | 12 | monetaryItemType | text: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, there was a tax benefit on income from operations, resulting in an effective tax rate on income from operations of ( 10.2 )%. The effective tax rate on income from operations differs from the statutory tax rate of 21 % primarily due to tax benefits of $ 95 million of associated with the establishment of outside basis as a result of the held-for-sale designation of Laya and AIG Life, $ 67 million associated with tax adjustments related to prior year returns, $ 59 million dividends received deduction, $ 52 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, and $ 40 million adjustments to deferred tax assets. These tax benefits were partially offset by tax charges of $ 14 million as a result of noncontrolling interest, $ 12 million related to state and local income taxes, and $ 11 million additional valuation allowance establishment. </context> | us-gaap:IncomeTaxReconciliationStateAndLocalIncomeTaxes |
For the year ended December 31, 2023, there was a tax benefit on income from operations, resulting in an effective tax rate on income from operations of ( 10.2 )%. The effective tax rate on income from operations differs from the statutory tax rate of 21 % primarily due to tax benefits of $ 95 million of associated with the establishment of outside basis as a result of the held-for-sale designation of Laya and AIG Life, $ 67 million associated with tax adjustments related to prior year returns, $ 59 million dividends received deduction, $ 52 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, and $ 40 million adjustments to deferred tax assets. These tax benefits were partially offset by tax charges of $ 14 million as a result of noncontrolling interest, $ 12 million related to state and local income taxes, and $ 11 million additional valuation allowance establishment. | text | 11 | monetaryItemType | text: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, there was a tax benefit on income from operations, resulting in an effective tax rate on income from operations of ( 10.2 )%. The effective tax rate on income from operations differs from the statutory tax rate of 21 % primarily due to tax benefits of $ 95 million of associated with the establishment of outside basis as a result of the held-for-sale designation of Laya and AIG Life, $ 67 million associated with tax adjustments related to prior year returns, $ 59 million dividends received deduction, $ 52 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, and $ 40 million adjustments to deferred tax assets. These tax benefits were partially offset by tax charges of $ 14 million as a result of noncontrolling interest, $ 12 million related to state and local income taxes, and $ 11 million additional valuation allowance establishment. </context> | us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance |
For the year ended December 31, 2022, there was a tax expense on income from operations, resulting in an effective tax rate on income from operations of 19.2 %. The effective tax rate on income from operations differs from the statutory tax rate of 21.0 % primarily due to tax benefits of $ 104 million of associated with the tax deconsolidation from AIG, $ 84 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, $ 67 million associated with noncontrolling interest, and $ 36 million dividends received deduction. These tax benefits were partially offset by a tax charge of $ 157 million additional valuation allowance establishment primarily as a result of the tax deconsolidation. | text | 19.2 | percentItemType | text: <entity> 19.2 </entity> <entity type> percentItemType </entity type> <context> For the year ended December 31, 2022, there was a tax expense on income from operations, resulting in an effective tax rate on income from operations of 19.2 %. The effective tax rate on income from operations differs from the statutory tax rate of 21.0 % primarily due to tax benefits of $ 104 million of associated with the tax deconsolidation from AIG, $ 84 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, $ 67 million associated with noncontrolling interest, and $ 36 million dividends received deduction. These tax benefits were partially offset by a tax charge of $ 157 million additional valuation allowance establishment primarily as a result of the tax deconsolidation. </context> | us-gaap:EffectiveIncomeTaxRateContinuingOperations |
For the year ended December 31, 2022, there was a tax expense on income from operations, resulting in an effective tax rate on income from operations of 19.2 %. The effective tax rate on income from operations differs from the statutory tax rate of 21.0 % primarily due to tax benefits of $ 104 million of associated with the tax deconsolidation from AIG, $ 84 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, $ 67 million associated with noncontrolling interest, and $ 36 million dividends received deduction. These tax benefits were partially offset by a tax charge of $ 157 million additional valuation allowance establishment primarily as a result of the tax deconsolidation. | text | 21.0 | percentItemType | text: <entity> 21.0 </entity> <entity type> percentItemType </entity type> <context> For the year ended December 31, 2022, there was a tax expense on income from operations, resulting in an effective tax rate on income from operations of 19.2 %. The effective tax rate on income from operations differs from the statutory tax rate of 21.0 % primarily due to tax benefits of $ 104 million of associated with the tax deconsolidation from AIG, $ 84 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, $ 67 million associated with noncontrolling interest, and $ 36 million dividends received deduction. These tax benefits were partially offset by a tax charge of $ 157 million additional valuation allowance establishment primarily as a result of the tax deconsolidation. </context> | us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate |
For the year ended December 31, 2022, there was a tax expense on income from operations, resulting in an effective tax rate on income from operations of 19.2 %. The effective tax rate on income from operations differs from the statutory tax rate of 21.0 % primarily due to tax benefits of $ 104 million of associated with the tax deconsolidation from AIG, $ 84 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, $ 67 million associated with noncontrolling interest, and $ 36 million dividends received deduction. These tax benefits were partially offset by a tax charge of $ 157 million additional valuation allowance establishment primarily as a result of the tax deconsolidation. | text | 67 | monetaryItemType | text: <entity> 67 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2022, there was a tax expense on income from operations, resulting in an effective tax rate on income from operations of 19.2 %. The effective tax rate on income from operations differs from the statutory tax rate of 21.0 % primarily due to tax benefits of $ 104 million of associated with the tax deconsolidation from AIG, $ 84 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, $ 67 million associated with noncontrolling interest, and $ 36 million dividends received deduction. These tax benefits were partially offset by a tax charge of $ 157 million additional valuation allowance establishment primarily as a result of the tax deconsolidation. </context> | us-gaap:IncomeTaxReconciliationMinorityInterestIncomeExpense |
For the year ended December 31, 2022, there was a tax expense on income from operations, resulting in an effective tax rate on income from operations of 19.2 %. The effective tax rate on income from operations differs from the statutory tax rate of 21.0 % primarily due to tax benefits of $ 104 million of associated with the tax deconsolidation from AIG, $ 84 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, $ 67 million associated with noncontrolling interest, and $ 36 million dividends received deduction. These tax benefits were partially offset by a tax charge of $ 157 million additional valuation allowance establishment primarily as a result of the tax deconsolidation. | text | 36 | monetaryItemType | text: <entity> 36 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2022, there was a tax expense on income from operations, resulting in an effective tax rate on income from operations of 19.2 %. The effective tax rate on income from operations differs from the statutory tax rate of 21.0 % primarily due to tax benefits of $ 104 million of associated with the tax deconsolidation from AIG, $ 84 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, $ 67 million associated with noncontrolling interest, and $ 36 million dividends received deduction. These tax benefits were partially offset by a tax charge of $ 157 million additional valuation allowance establishment primarily as a result of the tax deconsolidation. </context> | us-gaap:IncomeTaxReconciliationDeductionsDividends |
For the year ended December 31, 2022, there was a tax expense on income from operations, resulting in an effective tax rate on income from operations of 19.2 %. The effective tax rate on income from operations differs from the statutory tax rate of 21.0 % primarily due to tax benefits of $ 104 million of associated with the tax deconsolidation from AIG, $ 84 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, $ 67 million associated with noncontrolling interest, and $ 36 million dividends received deduction. These tax benefits were partially offset by a tax charge of $ 157 million additional valuation allowance establishment primarily as a result of the tax deconsolidation. | text | 157 | monetaryItemType | text: <entity> 157 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2022, there was a tax expense on income from operations, resulting in an effective tax rate on income from operations of 19.2 %. The effective tax rate on income from operations differs from the statutory tax rate of 21.0 % primarily due to tax benefits of $ 104 million of associated with the tax deconsolidation from AIG, $ 84 million reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, $ 67 million associated with noncontrolling interest, and $ 36 million dividends received deduction. These tax benefits were partially offset by a tax charge of $ 157 million additional valuation allowance establishment primarily as a result of the tax deconsolidation. </context> | us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance |
For the year ended December 31, 2021, there was a tax expense on income from operations, resulting in an effective tax rate on income from operations of 18.5 %. The effective tax rate on loss from operations differs from the statutory tax rate of 21.0 % primarily due to tax benefits of $ 108 million of reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, $ 197 million associated with noncontrolling interest, $ 37 million dividends received deduction, and $ 69 million primarily associated with the release of reserves for uncertain tax positions, penalties and interest related to the recent completion of audit activity by the IRS. These tax benefits were partially offset by a tax charge of $ 105 million related to state and local income taxes and $ 18 million associated with the establishment of U.S. federal valuation allowance related to certain tax attribute carryforwards. | text | 21.0 | percentItemType | text: <entity> 21.0 </entity> <entity type> percentItemType </entity type> <context> For the year ended December 31, 2021, there was a tax expense on income from operations, resulting in an effective tax rate on income from operations of 18.5 %. The effective tax rate on loss from operations differs from the statutory tax rate of 21.0 % primarily due to tax benefits of $ 108 million of reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, $ 197 million associated with noncontrolling interest, $ 37 million dividends received deduction, and $ 69 million primarily associated with the release of reserves for uncertain tax positions, penalties and interest related to the recent completion of audit activity by the IRS. These tax benefits were partially offset by a tax charge of $ 105 million related to state and local income taxes and $ 18 million associated with the establishment of U.S. federal valuation allowance related to certain tax attribute carryforwards. </context> | us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate |
For the year ended December 31, 2021, there was a tax expense on income from operations, resulting in an effective tax rate on income from operations of 18.5 %. The effective tax rate on loss from operations differs from the statutory tax rate of 21.0 % primarily due to tax benefits of $ 108 million of reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, $ 197 million associated with noncontrolling interest, $ 37 million dividends received deduction, and $ 69 million primarily associated with the release of reserves for uncertain tax positions, penalties and interest related to the recent completion of audit activity by the IRS. These tax benefits were partially offset by a tax charge of $ 105 million related to state and local income taxes and $ 18 million associated with the establishment of U.S. federal valuation allowance related to certain tax attribute carryforwards. | text | 197 | monetaryItemType | text: <entity> 197 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2021, there was a tax expense on income from operations, resulting in an effective tax rate on income from operations of 18.5 %. The effective tax rate on loss from operations differs from the statutory tax rate of 21.0 % primarily due to tax benefits of $ 108 million of reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, $ 197 million associated with noncontrolling interest, $ 37 million dividends received deduction, and $ 69 million primarily associated with the release of reserves for uncertain tax positions, penalties and interest related to the recent completion of audit activity by the IRS. These tax benefits were partially offset by a tax charge of $ 105 million related to state and local income taxes and $ 18 million associated with the establishment of U.S. federal valuation allowance related to certain tax attribute carryforwards. </context> | us-gaap:IncomeTaxReconciliationMinorityInterestIncomeExpense |
For the year ended December 31, 2021, there was a tax expense on income from operations, resulting in an effective tax rate on income from operations of 18.5 %. The effective tax rate on loss from operations differs from the statutory tax rate of 21.0 % primarily due to tax benefits of $ 108 million of reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, $ 197 million associated with noncontrolling interest, $ 37 million dividends received deduction, and $ 69 million primarily associated with the release of reserves for uncertain tax positions, penalties and interest related to the recent completion of audit activity by the IRS. These tax benefits were partially offset by a tax charge of $ 105 million related to state and local income taxes and $ 18 million associated with the establishment of U.S. federal valuation allowance related to certain tax attribute carryforwards. | text | 37 | monetaryItemType | text: <entity> 37 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2021, there was a tax expense on income from operations, resulting in an effective tax rate on income from operations of 18.5 %. The effective tax rate on loss from operations differs from the statutory tax rate of 21.0 % primarily due to tax benefits of $ 108 million of reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, $ 197 million associated with noncontrolling interest, $ 37 million dividends received deduction, and $ 69 million primarily associated with the release of reserves for uncertain tax positions, penalties and interest related to the recent completion of audit activity by the IRS. These tax benefits were partially offset by a tax charge of $ 105 million related to state and local income taxes and $ 18 million associated with the establishment of U.S. federal valuation allowance related to certain tax attribute carryforwards. </context> | us-gaap:IncomeTaxReconciliationDeductionsDividends |
For the year ended December 31, 2021, there was a tax expense on income from operations, resulting in an effective tax rate on income from operations of 18.5 %. The effective tax rate on loss from operations differs from the statutory tax rate of 21.0 % primarily due to tax benefits of $ 108 million of reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, $ 197 million associated with noncontrolling interest, $ 37 million dividends received deduction, and $ 69 million primarily associated with the release of reserves for uncertain tax positions, penalties and interest related to the recent completion of audit activity by the IRS. These tax benefits were partially offset by a tax charge of $ 105 million related to state and local income taxes and $ 18 million associated with the establishment of U.S. federal valuation allowance related to certain tax attribute carryforwards. | text | 69 | monetaryItemType | text: <entity> 69 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2021, there was a tax expense on income from operations, resulting in an effective tax rate on income from operations of 18.5 %. The effective tax rate on loss from operations differs from the statutory tax rate of 21.0 % primarily due to tax benefits of $ 108 million of reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, $ 197 million associated with noncontrolling interest, $ 37 million dividends received deduction, and $ 69 million primarily associated with the release of reserves for uncertain tax positions, penalties and interest related to the recent completion of audit activity by the IRS. These tax benefits were partially offset by a tax charge of $ 105 million related to state and local income taxes and $ 18 million associated with the establishment of U.S. federal valuation allowance related to certain tax attribute carryforwards. </context> | us-gaap:IncomeTaxReconciliationTaxContingencies |
For the year ended December 31, 2021, there was a tax expense on income from operations, resulting in an effective tax rate on income from operations of 18.5 %. The effective tax rate on loss from operations differs from the statutory tax rate of 21.0 % primarily due to tax benefits of $ 108 million of reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, $ 197 million associated with noncontrolling interest, $ 37 million dividends received deduction, and $ 69 million primarily associated with the release of reserves for uncertain tax positions, penalties and interest related to the recent completion of audit activity by the IRS. These tax benefits were partially offset by a tax charge of $ 105 million related to state and local income taxes and $ 18 million associated with the establishment of U.S. federal valuation allowance related to certain tax attribute carryforwards. | text | 105 | monetaryItemType | text: <entity> 105 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2021, there was a tax expense on income from operations, resulting in an effective tax rate on income from operations of 18.5 %. The effective tax rate on loss from operations differs from the statutory tax rate of 21.0 % primarily due to tax benefits of $ 108 million of reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, $ 197 million associated with noncontrolling interest, $ 37 million dividends received deduction, and $ 69 million primarily associated with the release of reserves for uncertain tax positions, penalties and interest related to the recent completion of audit activity by the IRS. These tax benefits were partially offset by a tax charge of $ 105 million related to state and local income taxes and $ 18 million associated with the establishment of U.S. federal valuation allowance related to certain tax attribute carryforwards. </context> | us-gaap:IncomeTaxReconciliationStateAndLocalIncomeTaxes |
For the year ended December 31, 2021, there was a tax expense on income from operations, resulting in an effective tax rate on income from operations of 18.5 %. The effective tax rate on loss from operations differs from the statutory tax rate of 21.0 % primarily due to tax benefits of $ 108 million of reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, $ 197 million associated with noncontrolling interest, $ 37 million dividends received deduction, and $ 69 million primarily associated with the release of reserves for uncertain tax positions, penalties and interest related to the recent completion of audit activity by the IRS. These tax benefits were partially offset by a tax charge of $ 105 million related to state and local income taxes and $ 18 million associated with the establishment of U.S. federal valuation allowance related to certain tax attribute carryforwards. | text | 18 | monetaryItemType | text: <entity> 18 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2021, there was a tax expense on income from operations, resulting in an effective tax rate on income from operations of 18.5 %. The effective tax rate on loss from operations differs from the statutory tax rate of 21.0 % primarily due to tax benefits of $ 108 million of reclassifications from accumulated other comprehensive income to income from operations related to the disposal of available-for-sale securities, $ 197 million associated with noncontrolling interest, $ 37 million dividends received deduction, and $ 69 million primarily associated with the release of reserves for uncertain tax positions, penalties and interest related to the recent completion of audit activity by the IRS. These tax benefits were partially offset by a tax charge of $ 105 million related to state and local income taxes and $ 18 million associated with the establishment of U.S. federal valuation allowance related to certain tax attribute carryforwards. </context> | us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance |
As of December 31, 2023, on a U.S. GAAP basis, we have U.S. federal net operating loss carryforwards of $ 133 million and CAMT credit carryforwards of $ 215 million. Net operating loss carryforwards of the Non-Life Group of $ 101 million have carryforward periods expiring after 2028. Our remaining tax attribute carryforwards have unlimited carryforward periods. A valuation allowance has been recorded on net operating loss carryforwards of the Non-Life Group, as discussed below. | text | 133 | monetaryItemType | text: <entity> 133 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, on a U.S. GAAP basis, we have U.S. federal net operating loss carryforwards of $ 133 million and CAMT credit carryforwards of $ 215 million. Net operating loss carryforwards of the Non-Life Group of $ 101 million have carryforward periods expiring after 2028. Our remaining tax attribute carryforwards have unlimited carryforward periods. A valuation allowance has been recorded on net operating loss carryforwards of the Non-Life Group, as discussed below. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsDomestic |
As of December 31, 2023, on a U.S. GAAP basis, we have U.S. federal net operating loss carryforwards of $ 133 million and CAMT credit carryforwards of $ 215 million. Net operating loss carryforwards of the Non-Life Group of $ 101 million have carryforward periods expiring after 2028. Our remaining tax attribute carryforwards have unlimited carryforward periods. A valuation allowance has been recorded on net operating loss carryforwards of the Non-Life Group, as discussed below. | text | 215 | monetaryItemType | text: <entity> 215 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, on a U.S. GAAP basis, we have U.S. federal net operating loss carryforwards of $ 133 million and CAMT credit carryforwards of $ 215 million. Net operating loss carryforwards of the Non-Life Group of $ 101 million have carryforward periods expiring after 2028. Our remaining tax attribute carryforwards have unlimited carryforward periods. A valuation allowance has been recorded on net operating loss carryforwards of the Non-Life Group, as discussed below. </context> | us-gaap:DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax |
As of December 31, 2023, on a U.S. GAAP basis, we have U.S. federal net operating loss carryforwards of $ 133 million and CAMT credit carryforwards of $ 215 million. Net operating loss carryforwards of the Non-Life Group of $ 101 million have carryforward periods expiring after 2028. Our remaining tax attribute carryforwards have unlimited carryforward periods. A valuation allowance has been recorded on net operating loss carryforwards of the Non-Life Group, as discussed below. | text | 101 | monetaryItemType | text: <entity> 101 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, on a U.S. GAAP basis, we have U.S. federal net operating loss carryforwards of $ 133 million and CAMT credit carryforwards of $ 215 million. Net operating loss carryforwards of the Non-Life Group of $ 101 million have carryforward periods expiring after 2028. Our remaining tax attribute carryforwards have unlimited carryforward periods. A valuation allowance has been recorded on net operating loss carryforwards of the Non-Life Group, as discussed below. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration |
The completion of the IPO resulted in the tax deconsolidation from the AIG Consolidated Tax Group. As discussed above, under applicable tax law, the AGC Group will not be permitted to join in the filing of a U.S. consolidated federal income tax return with the Non-Life Group for the five-year waiting period. Instead, the AGC Group is expected to file separately as members of the AGC consolidated U.S. federal income tax return during this period. Following the five-year waiting period, the AGC Group is expected to join the U.S. consolidated federal income tax return with the Non-Life Group in 2028. Each separate U.S. federal tax filing group or separate U.S. tax filer is required to consider this five-year waiting period when assessing realization of their respective deferred tax assets including net operating loss and tax credit carryforwards. During 2023 we recorded an increase in valuation allowance related to our tax attribute carryforwards and a portion of certain other deferred tax assets that are no longer more-likely-than-not to be realized. As of December 31, 2023, the balance sheet reflects a valuation allowance of $ 162 million related to our tax attribute carryforwards and a portion of certain other deferred tax assets that are no longer more-likely-than-not to be realized. | text | 162 | monetaryItemType | text: <entity> 162 </entity> <entity type> monetaryItemType </entity type> <context> The completion of the IPO resulted in the tax deconsolidation from the AIG Consolidated Tax Group. As discussed above, under applicable tax law, the AGC Group will not be permitted to join in the filing of a U.S. consolidated federal income tax return with the Non-Life Group for the five-year waiting period. Instead, the AGC Group is expected to file separately as members of the AGC consolidated U.S. federal income tax return during this period. Following the five-year waiting period, the AGC Group is expected to join the U.S. consolidated federal income tax return with the Non-Life Group in 2028. Each separate U.S. federal tax filing group or separate U.S. tax filer is required to consider this five-year waiting period when assessing realization of their respective deferred tax assets including net operating loss and tax credit carryforwards. During 2023 we recorded an increase in valuation allowance related to our tax attribute carryforwards and a portion of certain other deferred tax assets that are no longer more-likely-than-not to be realized. As of December 31, 2023, the balance sheet reflects a valuation allowance of $ 162 million related to our tax attribute carryforwards and a portion of certain other deferred tax assets that are no longer more-likely-than-not to be realized. </context> | us-gaap:TaxCreditCarryforwardValuationAllowance |
For the year ended December 31, 2023, recent changes in market conditions, including rising interest rates, impacted the unrealized tax capital gains and losses in the U.S. Life Insurance Companies’ available-for-sale securities portfolio, resulting in a deferred tax asset related to net unrealized tax capital losses. The deferred tax asset relates to the unrealized capital losses for which the carryforward period has not yet begun, and as such, when assessing its recoverability, we consider our ability and intent to hold the underlying securities to recovery. As of December 31, 2023, based on all available evidence, we concluded that a valuation allowance should be established on a portion of the deferred tax asset related to unrealized capital losses that are not more likely than not to be realized. For the year ended December 31, 2023, we recorded a decrease in valuation allowance of $ 397 million associated with the unrealized tax capital losses in the U.S. Life Insurance Companies’ available-for-sale securities portfolio. As of December 31, 2023, the balance sheet reflects a valuation allowance of $ 1 billion associated with the unrealized tax capital losses in the U.S. Life Insurance Companies’ available-for-sale securities portfolio. All of the valuation allowance established was allocated to OCI. | text | 397 | monetaryItemType | text: <entity> 397 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, recent changes in market conditions, including rising interest rates, impacted the unrealized tax capital gains and losses in the U.S. Life Insurance Companies’ available-for-sale securities portfolio, resulting in a deferred tax asset related to net unrealized tax capital losses. The deferred tax asset relates to the unrealized capital losses for which the carryforward period has not yet begun, and as such, when assessing its recoverability, we consider our ability and intent to hold the underlying securities to recovery. As of December 31, 2023, based on all available evidence, we concluded that a valuation allowance should be established on a portion of the deferred tax asset related to unrealized capital losses that are not more likely than not to be realized. For the year ended December 31, 2023, we recorded a decrease in valuation allowance of $ 397 million associated with the unrealized tax capital losses in the U.S. Life Insurance Companies’ available-for-sale securities portfolio. As of December 31, 2023, the balance sheet reflects a valuation allowance of $ 1 billion associated with the unrealized tax capital losses in the U.S. Life Insurance Companies’ available-for-sale securities portfolio. All of the valuation allowance established was allocated to OCI. </context> | us-gaap:ValuationAllowanceDeferredTaxAssetChangeInAmount |
For the year ended December 31, 2023, recent changes in market conditions, including rising interest rates, impacted the unrealized tax capital gains and losses in the U.S. Life Insurance Companies’ available-for-sale securities portfolio, resulting in a deferred tax asset related to net unrealized tax capital losses. The deferred tax asset relates to the unrealized capital losses for which the carryforward period has not yet begun, and as such, when assessing its recoverability, we consider our ability and intent to hold the underlying securities to recovery. As of December 31, 2023, based on all available evidence, we concluded that a valuation allowance should be established on a portion of the deferred tax asset related to unrealized capital losses that are not more likely than not to be realized. For the year ended December 31, 2023, we recorded a decrease in valuation allowance of $ 397 million associated with the unrealized tax capital losses in the U.S. Life Insurance Companies’ available-for-sale securities portfolio. As of December 31, 2023, the balance sheet reflects a valuation allowance of $ 1 billion associated with the unrealized tax capital losses in the U.S. Life Insurance Companies’ available-for-sale securities portfolio. All of the valuation allowance established was allocated to OCI. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, recent changes in market conditions, including rising interest rates, impacted the unrealized tax capital gains and losses in the U.S. Life Insurance Companies’ available-for-sale securities portfolio, resulting in a deferred tax asset related to net unrealized tax capital losses. The deferred tax asset relates to the unrealized capital losses for which the carryforward period has not yet begun, and as such, when assessing its recoverability, we consider our ability and intent to hold the underlying securities to recovery. As of December 31, 2023, based on all available evidence, we concluded that a valuation allowance should be established on a portion of the deferred tax asset related to unrealized capital losses that are not more likely than not to be realized. For the year ended December 31, 2023, we recorded a decrease in valuation allowance of $ 397 million associated with the unrealized tax capital losses in the U.S. Life Insurance Companies’ available-for-sale securities portfolio. As of December 31, 2023, the balance sheet reflects a valuation allowance of $ 1 billion associated with the unrealized tax capital losses in the U.S. Life Insurance Companies’ available-for-sale securities portfolio. All of the valuation allowance established was allocated to OCI. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
At December 31, 2023, 2022 and 2021, Corebridge subsidiaries had unrecognized tax benefits, excluding interest and penalties, which were $ 20 million, $ 20 million and $ 18 million, respectively, all of which would favorably affect the effective tax rate if recognized. The activity for the year ended December 31, 2021 is primarily attributable to the recent completion of audit activity by the IRS and includes decreases of $ 846 million related to amounts for SAFG Capital and certain of its affiliates that were adjusted through Shareholders’ equity in the Company’s Consolidated Financial Statements. | text | 846 | monetaryItemType | text: <entity> 846 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2023, 2022 and 2021, Corebridge subsidiaries had unrecognized tax benefits, excluding interest and penalties, which were $ 20 million, $ 20 million and $ 18 million, respectively, all of which would favorably affect the effective tax rate if recognized. The activity for the year ended December 31, 2021 is primarily attributable to the recent completion of audit activity by the IRS and includes decreases of $ 846 million related to amounts for SAFG Capital and certain of its affiliates that were adjusted through Shareholders’ equity in the Company’s Consolidated Financial Statements. </context> | us-gaap:UnrecognizedTaxBenefitsPeriodIncreaseDecrease |
Interest and penalties related to unrecognized tax benefits are recognized in income tax expense. At December 31, 2023, 2022 and 2021, we had no accrued liabilities for the payment of interest and penalties. There was no interest activity related to unrecognized tax benefits for the years ended December 31, 2023 and 2022. For the year ended December 31, 2021, we decreased the accrual by $ 26 million related to amounts for SAFG Capital and certain of its affiliates that were adjusted through Shareholders’ equity in the Company’s Consolidated Financial Statements. | text | 26 | monetaryItemType | text: <entity> 26 </entity> <entity type> monetaryItemType </entity type> <context> Interest and penalties related to unrecognized tax benefits are recognized in income tax expense. At December 31, 2023, 2022 and 2021, we had no accrued liabilities for the payment of interest and penalties. There was no interest activity related to unrecognized tax benefits for the years ended December 31, 2023 and 2022. For the year ended December 31, 2021, we decreased the accrual by $ 26 million related to amounts for SAFG Capital and certain of its affiliates that were adjusted through Shareholders’ equity in the Company’s Consolidated Financial Statements. </context> | us-gaap:UnrecognizedTaxBenefitsPeriodIncreaseDecrease |
On October 1, 2021, AIG contributed to us its entire 3.5 % ownership interest in Fortitude Re Bermuda. Currently, we hold a less than 3 % interest in Fortitude Re Bermuda. | text | 3.5 | percentItemType | text: <entity> 3.5 </entity> <entity type> percentItemType </entity type> <context> On October 1, 2021, AIG contributed to us its entire 3.5 % ownership interest in Fortitude Re Bermuda. Currently, we hold a less than 3 % interest in Fortitude Re Bermuda. </context> | us-gaap:MinorityInterestOwnershipPercentageByParent |
On October 1, 2021, AIG contributed to us its entire 3.5 % ownership interest in Fortitude Re Bermuda. Currently, we hold a less than 3 % interest in Fortitude Re Bermuda. | text | 3 | percentItemType | text: <entity> 3 </entity> <entity type> percentItemType </entity type> <context> On October 1, 2021, AIG contributed to us its entire 3.5 % ownership interest in Fortitude Re Bermuda. Currently, we hold a less than 3 % interest in Fortitude Re Bermuda. </context> | us-gaap:MinorityInterestOwnershipPercentageByParent |
We purchased AIGT and Eastgreen from AIG on February 28, 2022 for total consideration of $ 107 million. AIGT provides data processing, technology and infrastructure services to AIG entities in the United States, including management of AIG hardware and networks. AIGT utilizes two data centers to provide its services. The real estate related to the two data centers is owned by Eastgreen. To the extent needed, AIGT will continue to provide services to AIG for a transition period. | text | 107 | monetaryItemType | text: <entity> 107 </entity> <entity type> monetaryItemType </entity type> <context> We purchased AIGT and Eastgreen from AIG on February 28, 2022 for total consideration of $ 107 million. AIGT provides data processing, technology and infrastructure services to AIG entities in the United States, including management of AIG hardware and networks. AIGT utilizes two data centers to provide its services. The real estate related to the two data centers is owned by Eastgreen. To the extent needed, AIGT will continue to provide services to AIG for a transition period. </context> | us-gaap:BusinessCombinationConsiderationTransferred1 |
Separately, certain of our subsidiaries provide portfolio administration and investment planning, performance evaluation and oversight services to AIG PC International, LLC (“AIGPCI”), on a non-discretionary basis, with respect to the investment portfolios of various of AIGPCI’s non-U.S. subsidiaries. In some cases, these services are directly provided to AIGPCI’s non-US subsidiaries. We offer our Funds to AIGPCI’s non-U.S. subsidiaries. Our subsidiaries earn investment management and advisory fees under the IMAs and other service agreements, as well as management fees and carried interest distributions or similar performance-based compensation under the Funds’ operating agreements, the majority of which are based on, or calibrated to approximate, the costs of providing the services. With respect to a minority of the AIG client portfolios, which relate to assets backing risks that have been transferred to third parties, our subsidiaries earn market-based fees. Management and advisory fee income for these Investment Services and related services reflected in Other income on the Consolidated Statements of Income (Loss) were $ 34 million, $ 95 million and $ 85 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 34 | monetaryItemType | text: <entity> 34 </entity> <entity type> monetaryItemType </entity type> <context> Separately, certain of our subsidiaries provide portfolio administration and investment planning, performance evaluation and oversight services to AIG PC International, LLC (“AIGPCI”), on a non-discretionary basis, with respect to the investment portfolios of various of AIGPCI’s non-U.S. subsidiaries. In some cases, these services are directly provided to AIGPCI’s non-US subsidiaries. We offer our Funds to AIGPCI’s non-U.S. subsidiaries. Our subsidiaries earn investment management and advisory fees under the IMAs and other service agreements, as well as management fees and carried interest distributions or similar performance-based compensation under the Funds’ operating agreements, the majority of which are based on, or calibrated to approximate, the costs of providing the services. With respect to a minority of the AIG client portfolios, which relate to assets backing risks that have been transferred to third parties, our subsidiaries earn market-based fees. Management and advisory fee income for these Investment Services and related services reflected in Other income on the Consolidated Statements of Income (Loss) were $ 34 million, $ 95 million and $ 85 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:OtherIncome |
Separately, certain of our subsidiaries provide portfolio administration and investment planning, performance evaluation and oversight services to AIG PC International, LLC (“AIGPCI”), on a non-discretionary basis, with respect to the investment portfolios of various of AIGPCI’s non-U.S. subsidiaries. In some cases, these services are directly provided to AIGPCI’s non-US subsidiaries. We offer our Funds to AIGPCI’s non-U.S. subsidiaries. Our subsidiaries earn investment management and advisory fees under the IMAs and other service agreements, as well as management fees and carried interest distributions or similar performance-based compensation under the Funds’ operating agreements, the majority of which are based on, or calibrated to approximate, the costs of providing the services. With respect to a minority of the AIG client portfolios, which relate to assets backing risks that have been transferred to third parties, our subsidiaries earn market-based fees. Management and advisory fee income for these Investment Services and related services reflected in Other income on the Consolidated Statements of Income (Loss) were $ 34 million, $ 95 million and $ 85 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 95 | monetaryItemType | text: <entity> 95 </entity> <entity type> monetaryItemType </entity type> <context> Separately, certain of our subsidiaries provide portfolio administration and investment planning, performance evaluation and oversight services to AIG PC International, LLC (“AIGPCI”), on a non-discretionary basis, with respect to the investment portfolios of various of AIGPCI’s non-U.S. subsidiaries. In some cases, these services are directly provided to AIGPCI’s non-US subsidiaries. We offer our Funds to AIGPCI’s non-U.S. subsidiaries. Our subsidiaries earn investment management and advisory fees under the IMAs and other service agreements, as well as management fees and carried interest distributions or similar performance-based compensation under the Funds’ operating agreements, the majority of which are based on, or calibrated to approximate, the costs of providing the services. With respect to a minority of the AIG client portfolios, which relate to assets backing risks that have been transferred to third parties, our subsidiaries earn market-based fees. Management and advisory fee income for these Investment Services and related services reflected in Other income on the Consolidated Statements of Income (Loss) were $ 34 million, $ 95 million and $ 85 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:OtherIncome |
Separately, certain of our subsidiaries provide portfolio administration and investment planning, performance evaluation and oversight services to AIG PC International, LLC (“AIGPCI”), on a non-discretionary basis, with respect to the investment portfolios of various of AIGPCI’s non-U.S. subsidiaries. In some cases, these services are directly provided to AIGPCI’s non-US subsidiaries. We offer our Funds to AIGPCI’s non-U.S. subsidiaries. Our subsidiaries earn investment management and advisory fees under the IMAs and other service agreements, as well as management fees and carried interest distributions or similar performance-based compensation under the Funds’ operating agreements, the majority of which are based on, or calibrated to approximate, the costs of providing the services. With respect to a minority of the AIG client portfolios, which relate to assets backing risks that have been transferred to third parties, our subsidiaries earn market-based fees. Management and advisory fee income for these Investment Services and related services reflected in Other income on the Consolidated Statements of Income (Loss) were $ 34 million, $ 95 million and $ 85 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 85 | monetaryItemType | text: <entity> 85 </entity> <entity type> monetaryItemType </entity type> <context> Separately, certain of our subsidiaries provide portfolio administration and investment planning, performance evaluation and oversight services to AIG PC International, LLC (“AIGPCI”), on a non-discretionary basis, with respect to the investment portfolios of various of AIGPCI’s non-U.S. subsidiaries. In some cases, these services are directly provided to AIGPCI’s non-US subsidiaries. We offer our Funds to AIGPCI’s non-U.S. subsidiaries. Our subsidiaries earn investment management and advisory fees under the IMAs and other service agreements, as well as management fees and carried interest distributions or similar performance-based compensation under the Funds’ operating agreements, the majority of which are based on, or calibrated to approximate, the costs of providing the services. With respect to a minority of the AIG client portfolios, which relate to assets backing risks that have been transferred to third parties, our subsidiaries earn market-based fees. Management and advisory fee income for these Investment Services and related services reflected in Other income on the Consolidated Statements of Income (Loss) were $ 34 million, $ 95 million and $ 85 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:OtherIncome |
We received a suite of capital markets services from AIG, including securities lending, collateral management, repurchase transactions, derivatives execution and support, and operational support services, for which we pay a fee. AIG Markets, Inc. (“AIGM”) provided these services through various services agreements. In addition, in the ordinary course of business, we enter into over-the-counter derivative transactions with AIGM under standard ISDA Master Agreements. The total expenses incurred for services provided by AIGM reflected in Net investment income - excluding Fortitude Re funds withheld assets on the Consolidated Statements of Income (Loss) were $ 0 million , $ 15 million and $ 17 million for the years ended December 31, 2023, 2022 and 2021, respectively. The derivative assets, net of gross assets and gross liabilities after collateral were $ 13 million and $ 12 million as of December 31, 2023 and December 31, 2022, respectively. The derivative liabilities, net of gross assets and gross liabilities after collateral were $ 0 million and $ 0 million as of December 31, 2023 and December 31, 2022, respectively. The collateral posted to AIGM was $ 0 million and $ 1.5 billion as of December 31, 2023 and December 31, 2022, respectively. The collateral held by us was $ 377 million and $ 380 million as of December 31, 2023 and December 31, 2022, respectively. | text | 0 million | monetaryItemType | text: <entity> 0 million </entity> <entity type> monetaryItemType </entity type> <context> We received a suite of capital markets services from AIG, including securities lending, collateral management, repurchase transactions, derivatives execution and support, and operational support services, for which we pay a fee. AIG Markets, Inc. (“AIGM”) provided these services through various services agreements. In addition, in the ordinary course of business, we enter into over-the-counter derivative transactions with AIGM under standard ISDA Master Agreements. The total expenses incurred for services provided by AIGM reflected in Net investment income - excluding Fortitude Re funds withheld assets on the Consolidated Statements of Income (Loss) were $ 0 million , $ 15 million and $ 17 million for the years ended December 31, 2023, 2022 and 2021, respectively. The derivative assets, net of gross assets and gross liabilities after collateral were $ 13 million and $ 12 million as of December 31, 2023 and December 31, 2022, respectively. The derivative liabilities, net of gross assets and gross liabilities after collateral were $ 0 million and $ 0 million as of December 31, 2023 and December 31, 2022, respectively. The collateral posted to AIGM was $ 0 million and $ 1.5 billion as of December 31, 2023 and December 31, 2022, respectively. The collateral held by us was $ 377 million and $ 380 million as of December 31, 2023 and December 31, 2022, respectively. </context> | us-gaap:NetInvestmentIncome |
We received a suite of capital markets services from AIG, including securities lending, collateral management, repurchase transactions, derivatives execution and support, and operational support services, for which we pay a fee. AIG Markets, Inc. (“AIGM”) provided these services through various services agreements. In addition, in the ordinary course of business, we enter into over-the-counter derivative transactions with AIGM under standard ISDA Master Agreements. The total expenses incurred for services provided by AIGM reflected in Net investment income - excluding Fortitude Re funds withheld assets on the Consolidated Statements of Income (Loss) were $ 0 million , $ 15 million and $ 17 million for the years ended December 31, 2023, 2022 and 2021, respectively. The derivative assets, net of gross assets and gross liabilities after collateral were $ 13 million and $ 12 million as of December 31, 2023 and December 31, 2022, respectively. The derivative liabilities, net of gross assets and gross liabilities after collateral were $ 0 million and $ 0 million as of December 31, 2023 and December 31, 2022, respectively. The collateral posted to AIGM was $ 0 million and $ 1.5 billion as of December 31, 2023 and December 31, 2022, respectively. The collateral held by us was $ 377 million and $ 380 million as of December 31, 2023 and December 31, 2022, respectively. | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> We received a suite of capital markets services from AIG, including securities lending, collateral management, repurchase transactions, derivatives execution and support, and operational support services, for which we pay a fee. AIG Markets, Inc. (“AIGM”) provided these services through various services agreements. In addition, in the ordinary course of business, we enter into over-the-counter derivative transactions with AIGM under standard ISDA Master Agreements. The total expenses incurred for services provided by AIGM reflected in Net investment income - excluding Fortitude Re funds withheld assets on the Consolidated Statements of Income (Loss) were $ 0 million , $ 15 million and $ 17 million for the years ended December 31, 2023, 2022 and 2021, respectively. The derivative assets, net of gross assets and gross liabilities after collateral were $ 13 million and $ 12 million as of December 31, 2023 and December 31, 2022, respectively. The derivative liabilities, net of gross assets and gross liabilities after collateral were $ 0 million and $ 0 million as of December 31, 2023 and December 31, 2022, respectively. The collateral posted to AIGM was $ 0 million and $ 1.5 billion as of December 31, 2023 and December 31, 2022, respectively. The collateral held by us was $ 377 million and $ 380 million as of December 31, 2023 and December 31, 2022, respectively. </context> | us-gaap:NetInvestmentIncome |
We received a suite of capital markets services from AIG, including securities lending, collateral management, repurchase transactions, derivatives execution and support, and operational support services, for which we pay a fee. AIG Markets, Inc. (“AIGM”) provided these services through various services agreements. In addition, in the ordinary course of business, we enter into over-the-counter derivative transactions with AIGM under standard ISDA Master Agreements. The total expenses incurred for services provided by AIGM reflected in Net investment income - excluding Fortitude Re funds withheld assets on the Consolidated Statements of Income (Loss) were $ 0 million , $ 15 million and $ 17 million for the years ended December 31, 2023, 2022 and 2021, respectively. The derivative assets, net of gross assets and gross liabilities after collateral were $ 13 million and $ 12 million as of December 31, 2023 and December 31, 2022, respectively. The derivative liabilities, net of gross assets and gross liabilities after collateral were $ 0 million and $ 0 million as of December 31, 2023 and December 31, 2022, respectively. The collateral posted to AIGM was $ 0 million and $ 1.5 billion as of December 31, 2023 and December 31, 2022, respectively. The collateral held by us was $ 377 million and $ 380 million as of December 31, 2023 and December 31, 2022, respectively. | text | 17 | monetaryItemType | text: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> We received a suite of capital markets services from AIG, including securities lending, collateral management, repurchase transactions, derivatives execution and support, and operational support services, for which we pay a fee. AIG Markets, Inc. (“AIGM”) provided these services through various services agreements. In addition, in the ordinary course of business, we enter into over-the-counter derivative transactions with AIGM under standard ISDA Master Agreements. The total expenses incurred for services provided by AIGM reflected in Net investment income - excluding Fortitude Re funds withheld assets on the Consolidated Statements of Income (Loss) were $ 0 million , $ 15 million and $ 17 million for the years ended December 31, 2023, 2022 and 2021, respectively. The derivative assets, net of gross assets and gross liabilities after collateral were $ 13 million and $ 12 million as of December 31, 2023 and December 31, 2022, respectively. The derivative liabilities, net of gross assets and gross liabilities after collateral were $ 0 million and $ 0 million as of December 31, 2023 and December 31, 2022, respectively. The collateral posted to AIGM was $ 0 million and $ 1.5 billion as of December 31, 2023 and December 31, 2022, respectively. The collateral held by us was $ 377 million and $ 380 million as of December 31, 2023 and December 31, 2022, respectively. </context> | us-gaap:NetInvestmentIncome |
We received a suite of capital markets services from AIG, including securities lending, collateral management, repurchase transactions, derivatives execution and support, and operational support services, for which we pay a fee. AIG Markets, Inc. (“AIGM”) provided these services through various services agreements. In addition, in the ordinary course of business, we enter into over-the-counter derivative transactions with AIGM under standard ISDA Master Agreements. The total expenses incurred for services provided by AIGM reflected in Net investment income - excluding Fortitude Re funds withheld assets on the Consolidated Statements of Income (Loss) were $ 0 million , $ 15 million and $ 17 million for the years ended December 31, 2023, 2022 and 2021, respectively. The derivative assets, net of gross assets and gross liabilities after collateral were $ 13 million and $ 12 million as of December 31, 2023 and December 31, 2022, respectively. The derivative liabilities, net of gross assets and gross liabilities after collateral were $ 0 million and $ 0 million as of December 31, 2023 and December 31, 2022, respectively. The collateral posted to AIGM was $ 0 million and $ 1.5 billion as of December 31, 2023 and December 31, 2022, respectively. The collateral held by us was $ 377 million and $ 380 million as of December 31, 2023 and December 31, 2022, respectively. | text | 13 | monetaryItemType | text: <entity> 13 </entity> <entity type> monetaryItemType </entity type> <context> We received a suite of capital markets services from AIG, including securities lending, collateral management, repurchase transactions, derivatives execution and support, and operational support services, for which we pay a fee. AIG Markets, Inc. (“AIGM”) provided these services through various services agreements. In addition, in the ordinary course of business, we enter into over-the-counter derivative transactions with AIGM under standard ISDA Master Agreements. The total expenses incurred for services provided by AIGM reflected in Net investment income - excluding Fortitude Re funds withheld assets on the Consolidated Statements of Income (Loss) were $ 0 million , $ 15 million and $ 17 million for the years ended December 31, 2023, 2022 and 2021, respectively. The derivative assets, net of gross assets and gross liabilities after collateral were $ 13 million and $ 12 million as of December 31, 2023 and December 31, 2022, respectively. The derivative liabilities, net of gross assets and gross liabilities after collateral were $ 0 million and $ 0 million as of December 31, 2023 and December 31, 2022, respectively. The collateral posted to AIGM was $ 0 million and $ 1.5 billion as of December 31, 2023 and December 31, 2022, respectively. The collateral held by us was $ 377 million and $ 380 million as of December 31, 2023 and December 31, 2022, respectively. </context> | us-gaap:DerivativeAssets |
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