v3.24.0.1
Separate Account Assets and Liabilities (Tables)
 12 Months Ended
Dec. 31, 2023
Insurance [Abstract]  
Fair Value, Separate Account Investment
The following table presents fair value of separate account investment options:
December 31, 2023December 31, 2022
(in millions)Individual
Retirement		Group
Retirement		Life
Insurance		Institutional
Markets		TotalIndividual
Retirement		Group
Retirement		Life
Insurance		Institutional
Markets		Total
Equity Funds$25,451 $28,675 $819 $593 $55,538 $22,990 $24,608 $687 $581 $48,866 
Bond Funds4,037 3,292 44 1,303 8,676 3,802 4,081 46 1,321 9,250 
Balanced Funds17,711 5,479 53 1,923 25,166 17,663 5,113 49 1,939 24,764 
Money Market Funds694 742 16 173 1,625 723 559 17 674 1,973 
Total$47,893 $38,188 $932 $3,992 $91,005 $45,178 $34,361 $799 $4,515 $84,853 
Separate Account, Liability
The following table presents the balances and changes in Separate account liabilities:
Year Ended December 31, 2023Individual
Retirement		Group
 Retirement		Life
Insurance		Institutional
Markets		Total
(in millions)
Balance, beginning of year$45,178 $34,361 $799 $4,515 $84,853 
Premiums and deposits1,408 1,374 36 41 2,859 
Policy charges(1,241)(441)(49)(93)(1,824)
Surrenders and withdrawals(3,744)(3,047)(25)(721)(7,537)
Benefit payments(844)(557)(7)(68)(1,476)
Investment performance6,933 6,666 181 287 14,067 
Net transfers from (to) general account and other203 (168)(3)31 63 
Balance, end of year$47,893 $38,188 $932 $3,992 $91,005 
Cash surrender value*$46,911 $37,992 $911 $3,994 $89,808 
Year Ended December 31, 2022
Balance, beginning of year$57,927 $45,138 $1,044 $5,002 $109,111 
Premiums and deposits2,420 1,611 37 69 4,137 
Policy charges(1,325)(461)(51)(100)(1,937)
Surrenders and withdrawals(3,320)(2,452)(22)(131)(5,925)
Benefit payments(898)(613)(6)(59)(1,576)
Investment performance(9,861)(8,479)(201)(319)(18,860)
Net transfers from (to) general account and other235 (383)(2)53 (97)
Balance, end of year$45,178 $34,361 $799 $4,515 $84,853 
Cash surrender value*$44,124 $34,169 $777 $4,518 $83,588 
Year Ended December 31, 2021
Balance, beginning of year$53,456 $41,310 $912 $4,612 $100,290 
Premiums and deposits4,081 1,979 49 76 6,185 
Policy charges(1,368)(523)(52)(98)(2,041)
Surrenders and withdrawals(4,261)(3,013)(32)(82)(7,388)
Benefit payments(1,039)(615)(10)(23)(1,687)
Investment performance6,743 6,711 180 486 14,120 
Net transfers from (to) general account and other315 (711)(3)31 (368)
Balance, end of year$57,927 $45,138 $1,044 $5,002 $109,111 
Cash surrender value*$56,727 $44,909 $1,026 $4,993 $107,655 
*The cash surrender value represents the amount of the contract holder’s account balance distributable at the balance sheet date less applicable surrender charges.