The following table presents a rollforward of outstanding shares:


Three Months Ended March 31, 2024	Common Stock Issued	Treasury Stock	Common Stock Outstanding

Shares, beginning of year	648,148,737	(26,484,411)	621,664,326
Shares issued under long-term incentive compensation plans	2,041,112	1,169,261	3,210,373
Shares repurchased	—	(9,464,016)	(9,464,016)
Shares, end of period	650,189,849	(34,779,166)	615,410,683


Declaration Date	Record Date	Payment Date	Dividend Paid Per Common Share






February 14, 2024	March 15, 2024	March 29, 2024	$	0.23

The following table presents a rollforward of Accumulated other comprehensive income (loss):


(in millions)	Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which allowance for credit losses was Taken		Unrealized Appreciation (Depreciation) of All Other Investments		Change in fair value of market risk benefits attributable to changes in our own credit risk		Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts		Cash Flow Hedges		Foreign Currency Translation Adjustments		Retirement Plan Liabilities Adjustment		Total
Balance, December 31, 2023, net of tax	$	(79)	$	(14,650)	$	(909)	$	2,095	$	146	$	(63)	$	2	$	(13,458)

Change in unrealized depreciation of investments *	45		(1,120)		—		—		—		—		—		(1,075)
Change in fair value of market risk benefits attributable to changes in our own credit risk	—		—		(29)		—		—		—		—		(29)
Change in discount rates assumptions of certain liabilities	—		—		—		695		—		—		—		695
Change in future policy benefits and other	—		(127)		—		—		—		—		—		(127)
Change in cash flow hedges	—		—		—		—		(25)		—		—		(25)
Change in foreign currency translation adjustments	—		—		—		—		—		(4)		—		(4)
Change in net actuarial loss	—		—		—		—		—		—		—		—

Change in deferred tax asset (liability)	(10)		71		6		(152)		5		1		—		(79)

Total other comprehensive income (loss)	35		(1,176)		(23)		543		(20)		(3)		—		(644)
Other	—		(39)		—		—		1		—		—		(38)
Less: Noncontrolling interests	—		—		—		—		—		(1)		—		(1)
Balance, March 31, 2024, net of tax	$	(44)	$	(15,865)	$	(932)	$	2,638	$	127	$	(65)	$	2	$	(14,139)

Balance, December 31, 2022, net of tax	$	(92)	$	(19,380)	$	(365)	$	2,908	$	157	$	(100)	$	9	$	(16,863)

Change in unrealized depreciation of investments	38		3,982		—		—		—		—		—		4,020
Change in fair value of market risk benefits attributable to changes in our own credit risk	—		—		94		—		—		—		—		94
Change in discount rates assumptions of certain liabilities	—		—		—		(595)		—		—		—		(595)
Change in future policy benefits and other	—		(116)		—		—		—		—		—		(116)
Change in cash value hedges	—		—		—		—		(7)		—		—		(7)
Change in foreign currency translation adjustments	—		—		—		—		—		37		—		37
Change in net actuarial loss	—		—		—		—		—		—		3		3

Change in deferred tax asset (liability)	(8)		(734)		(20)		130		3		(1)		(1)		(631)

Total other comprehensive income (loss)	30		3,132		74		(465)		(4)		36		2		2,805
Other	—		—		—		—		—		—		—		—
Less: Noncontrolling interests	—		—		—		—		—		9		—		9
Balance, March 31, 2023, net of tax	$	(62)	$	(16,248)	$	(291)	$	2,443	$	153	$	(73)	$	11	$	(14,067)

* Includes the change in net unrealized gains and losses attributable to held-for-sale businesses at March 31, 2024 and December 31, 2023.

The following table presents the OCI reclassification adjustments for the three months ended March 31, 2024 and 2023, respectively:


(in millions)	Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which Allowance for Credit Losses Was Taken		Unrealized Appreciation (Depreciation) of All Other Investments		Change in fair value of market risk benefits attributable to changes in our own credit risk		Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts		Cash Flow Hedges		Foreign Currency Translation Adjustments		Retirement Plan Liabilities Adjustment		Total












Three Months Ended March 31, 2024
Unrealized change arising during period	$	39	$	(1,583)	$	(29)	$	695	$	(25)	$	(4)	$	—	$	(907)
Less: Reclassification adjustments included in net income	(6)		(336)		—		—		—		—		—		(342)
Total other comprehensive income (loss), before income tax expense (benefit)	45		(1,247)		(29)		695		(25)		(4)		—		(565)
Less: Income tax expense (benefit)	10		(71)		(6)		152		(5)		(1)		—		79
Total other comprehensive income (loss), net of income tax expense (benefit)	$	35	$	(1,176)	$	(23)	$	543	$	(20)	$	(3)	$	—	$	(644)
Three Months Ended March 31, 2023
Unrealized change arising during period	$	24	$	3,779	$	94	$	(595)	$	(7)	$	37	$	3	$	3,335
Less: Reclassification adjustments included in net income	(14)		(87)		—		—		—		—		—		(101)
Total other comprehensive income (loss), before income tax expense (benefit)	38		3,866		94		(595)		(7)		37		3		3,436
Less: Income tax expense (benefit)	8		734		20		(130)		(3)		1		1		631
Total other comprehensive income (loss), net of income tax expense (benefit)	$	30	$	3,132	$	74	$	(465)	$	(4)	$	36	$	2	$	2,805

The following table presents the effect of the reclassification of significant items out of Accumulated other comprehensive income on the respective line items in the Condensed Consolidated Statements of Income (Loss)*:


		Amount Reclassified from AOCI				Affected Line Item in the Condensed Consolidated Statements of Income (Loss)
	Three Months Ended March 31,
(in millions)		2024		2023
Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken
Investments		$	(6)	$	(14)		Net realized gains (losses)
Total		(6)		(14)
Unrealized appreciation (depreciation) of all other investments
Investments		(336)		(87)			Net realized gains (losses)
Total		(336)		(87)




Total reclassifications for the period		$	(342)	$	(101)

* The following items are not reclassified out of AOCI and included in the Condensed Consolidated Statements of Income (Loss) and thus have been excluded from the table:(a) Change in fair value of MRBs attributable to changes in our own credit risk (b) Change in the discount rates used to measure traditional and limited-payment long-duration insurance contracts and (c) Fair value of liabilities under fair value option attributable to changes in our own credit risk.

The following table presents a rollforward of non-redeemable noncontrolling interest:



	Three Months Ended March 31,
(in millions)		2024		2023
Beginning balance		$	869	$	939
Net income (loss) attributable to redeemable noncontrolling interest		(51)		6
Other comprehensive income (loss), net of tax		(1)		9
Changes in noncontrolling interests due to divestitures and acquisitions		1		(19)
Contributions from noncontrolling interests		21		25
Distributions to noncontrolling interests		(29)		(50)

Ending balance		$	810	$	910