Insurance and Contractholder Liabilities - Summary of Market Risk Benefit (Details) - USD ($) $ in Millions |
3 Months Ended | |
|---|---|---|
Mar. 31, 2024 |
Mar. 31, 2023 |
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| Insurance Loss Reserves [Abstract] | ||
| Annuitization election period | 30 days | |
| Market Risk Benefit [Roll Forward] | ||
| Balance, beginning of year | $ 1,003 | $ 1,268 |
| Balance, beginning of year, before the effect of nonperformance risk (own credit risk) | 1,085 | 1,379 |
| Changes due to expected run-off | (3) | (6) |
| Changes due to capital markets versus expected | (113) | (41) |
| Changes due to policyholder behavior versus expected | (14) | 6 |
| Assumption changes | 0 | (33) |
| Balance, end of period, before the effect of changes in nonperformance risk (own credit risk) | 955 | 1,305 |
| Nonperformance risk (own credit risk), end of period | (64) | (85) |
| Balance, end of period | 891 | 1,220 |
| Reinsured market risk benefit, end of period | $ 951 | $ 1,301 |
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- Definition The period of time prior to a policy anniversary when an annuitization election must occur. No definition available.
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- Definition Market Risk Benefit, Increase (Decrease) Due to Expected Run-Off No definition available.
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- Definition Market Risk Benefit, Increase (Decrease) From Interest Rate Change And Equity Market Change No definition available.
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- Definition Amount, before tax, of accumulated other comprehensive income (loss) (AOCI) from (increase) decrease in instrument-specific credit risk on contract or contract feature in long-duration contract issued by insurance entity protecting contract holder from other-than-nominal capital market risk and exposing insurance entity to other-than-nominal capital market risk. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount, before effect of reinsurance and after accumulated increase (decrease) in instrument-specific credit risk, of contract or contract feature in long-duration contract issued by insurance entity that both protects contract holder from other-than-nominal capital market risk and exposes insurance entity to other-than-nominal capital market risk. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before effect of reinsurance and cumulative increase (decrease) in instrument-specific credit risk, of contract or contract feature in long-duration contract issued by insurance entity that both protects contract holder from other-than-nominal capital market risk and exposes insurance entity to other-than-nominal capital market risk. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of increase (decrease) in contract or contract feature in long-duration contract issued by insurance entity that both protects contract holder from other-than-nominal capital market risk and exposes insurance entity to other-than-nominal capital market risk from change associated with actual policyholder behavior different from expected. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of increase (decrease) in contract or contract feature in long-duration contract issued by insurance entity that both protects contract holder from other-than-nominal capital market risk and exposes insurance entity to other-than-nominal capital market risk from change in assumption, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after allowance for credit loss, recoverable under reinsurance for contract or contract feature in long-duration contract issued by insurance entity that both protects contract holder from other-than-nominal capital market risk and exposes insurance entity to other-than-nominal capital market risk. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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