v3.24.0.1
Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Deferred Tax Assets:    
Bermuda tax $ 68  
Valuation allowance (33) $ (105)
Asset Management    
Deferred Tax Assets:    
Depreciation and amortization 395 417
Tax Credits 68 0
Deferred revenue 11 8
Equity-based compensation 170 122
Other 74 55
Total Deferred Tax Assets 718 602
Valuation allowance (8) 0
Total Deferred Tax Assets 710 602
Deferred Tax Liabilities:    
Basis difference in investments 163 70
Other 8 7
Total Deferred Tax Liabilities 171 77
Total Deferred Tax Assets, Net 539 525
Retirement Services    
Deferred Tax Assets:    
Other 280 0
Insurance liabilities 1,742 1,015
Net operating and capital loss carryforwards 284 185
Investments, including derivatives 1,904 3,365
Employee benefits 8 8
Bermuda tax 1,764 0
Investment in foreign subsidiaries 1,176 1,046
Total Deferred Tax Assets 7,158 5,619
Valuation allowance (25) (105)
Total Deferred Tax Assets 7,133 5,514
Deferred Tax Liabilities:    
Other 49 29
Intangible assets 386 379
DAC, DSI and VOBA 954 713
Total Deferred Tax Liabilities 1,389 1,121
Total Deferred Tax Assets, Net $ 5,744 $ 4,393