Fair Value of Financial Instruments - Fair Value Measured on a Recurring Basis Reconciliation (Details) - USD ($)
$ in Millions |
12 Months Ended |
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
$ (4,458)
|
$ 269
|
$ 2,886
|
| Items Included in Net Income |
(2,604)
|
(4,044)
|
1,440
|
| Gains (Losses) in OCI and Other |
12
|
33
|
(1,702)
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
1,229
|
(388)
|
693
|
| Transfers Into or Out of Level 3, Net |
(651)
|
(328)
|
(3,048)
|
| Ending Fair Value |
$ (6,472)
|
$ (4,458)
|
$ 269
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Net income (loss)
|
Net income (loss)
|
Net income (loss)
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Unrealized investment gain (loss)
|
Unrealized investment gain (loss)
|
Unrealized investment gain (loss)
|
| Corporate bonds | Fixed maturity AFS securities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
$ 2,497
|
$ 2,295
|
$ 5,720
|
| Items Included in Net Income |
(1)
|
2
|
1
|
| Gains (Losses) in OCI and Other |
(14)
|
17
|
(1,550)
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
514
|
194
|
796
|
| Transfers Into or Out of Level 3, Net |
(131)
|
(11)
|
(2,672)
|
| Ending Fair Value |
2,865
|
2,497
|
2,295
|
| State and municipal bonds | Fixed maturity AFS securities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
5
|
35
|
0
|
| Items Included in Net Income |
0
|
(4)
|
0
|
| Gains (Losses) in OCI and Other |
0
|
4
|
(1)
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
0
|
(30)
|
0
|
| Transfers Into or Out of Level 3, Net |
(5)
|
0
|
36
|
| Ending Fair Value |
0
|
5
|
35
|
| Foreign government bonds | Fixed maturity AFS securities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
|
0
|
41
|
| Items Included in Net Income |
|
|
0
|
| Gains (Losses) in OCI and Other |
|
|
(6)
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
|
|
(30)
|
| Transfers Into or Out of Level 3, Net |
|
|
(5)
|
| Ending Fair Value |
|
|
0
|
| RMBS | Fixed maturity AFS securities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
13
|
1
|
4
|
| Items Included in Net Income |
0
|
0
|
0
|
| Gains (Losses) in OCI and Other |
(2)
|
0
|
1
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
6
|
5
|
21
|
| Transfers Into or Out of Level 3, Net |
(5)
|
7
|
(25)
|
| Ending Fair Value |
12
|
13
|
1
|
| CMBS | Fixed maturity AFS securities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
8
|
0
|
0
|
| Items Included in Net Income |
0
|
0
|
0
|
| Gains (Losses) in OCI and Other |
(1)
|
0
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
29
|
(4)
|
17
|
| Transfers Into or Out of Level 3, Net |
(28)
|
12
|
(17)
|
| Ending Fair Value |
8
|
8
|
0
|
| ABS | Fixed maturity AFS securities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
1,484
|
1,117
|
870
|
| Items Included in Net Income |
0
|
0
|
0
|
| Gains (Losses) in OCI and Other |
25
|
9
|
(113)
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
1,037
|
733
|
676
|
| Transfers Into or Out of Level 3, Net |
(447)
|
(375)
|
(316)
|
| Ending Fair Value |
2,099
|
1,484
|
1,117
|
| Hybrid and redeemable preferred securities | Fixed maturity AFS securities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
48
|
49
|
93
|
| Items Included in Net Income |
0
|
0
|
(6)
|
| Gains (Losses) in OCI and Other |
3
|
(2)
|
(22)
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
12
|
(2)
|
(12)
|
| Transfers Into or Out of Level 3, Net |
10
|
3
|
(4)
|
| Ending Fair Value |
73
|
48
|
49
|
| Trading securities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
284
|
581
|
828
|
| Items Included in Net Income |
1
|
17
|
(80)
|
| Gains (Losses) in OCI and Other |
0
|
0
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
(20)
|
(313)
|
(152)
|
| Transfers Into or Out of Level 3, Net |
0
|
(1)
|
(15)
|
| Ending Fair Value |
265
|
284
|
581
|
| Equity securities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
42
|
153
|
95
|
| Items Included in Net Income |
(4)
|
(19)
|
54
|
| Gains (Losses) in OCI and Other |
0
|
0
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
0
|
(98)
|
19
|
| Transfers Into or Out of Level 3, Net |
(4)
|
6
|
(15)
|
| Ending Fair Value |
34
|
42
|
153
|
| Mortgage loans on real estate |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
288
|
487
|
739
|
| Items Included in Net Income |
9
|
(7)
|
(20)
|
| Gains (Losses) in OCI and Other |
1
|
5
|
(5)
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
(66)
|
(197)
|
(227)
|
| Transfers Into or Out of Level 3, Net |
0
|
0
|
0
|
| Ending Fair Value |
232
|
288
|
487
|
| Derivative liabilities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
36
|
2
|
21
|
| Items Included in Net Income |
(124)
|
(13)
|
2
|
| Gains (Losses) in OCI and Other |
0
|
0
|
(6)
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
3
|
16
|
0
|
| Transfers Into or Out of Level 3, Net |
(51)
|
31
|
(15)
|
| Ending Fair Value |
(136)
|
36
|
2
|
| Other investments |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
0
|
|
|
| Items Included in Net Income |
0
|
|
|
| Gains (Losses) in OCI and Other |
0
|
|
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
13
|
|
|
| Transfers Into or Out of Level 3, Net |
10
|
|
|
| Ending Fair Value |
23
|
0
|
|
| Ceded MRBs | Other assets |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
2
|
12
|
95
|
| Items Included in Net Income |
0
|
(10)
|
(83)
|
| Gains (Losses) in OCI and Other |
0
|
0
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
0
|
0
|
0
|
| Transfers Into or Out of Level 3, Net |
0
|
0
|
0
|
| Ending Fair Value |
2
|
2
|
12
|
| Ceded MRBs | Other liabilities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
(239)
|
(205)
|
(17)
|
| Items Included in Net Income |
(142)
|
(34)
|
(188)
|
| Gains (Losses) in OCI and Other |
0
|
0
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
0
|
0
|
0
|
| Transfers Into or Out of Level 3, Net |
0
|
0
|
0
|
| Ending Fair Value |
(381)
|
(239)
|
(205)
|
| Indexed annuity ceded embedded derivatives | Other assets |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
940
|
525
|
528
|
| Items Included in Net Income |
161
|
6
|
(215)
|
| Gains (Losses) in OCI and Other |
0
|
0
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
14
|
409
|
212
|
| Transfers Into or Out of Level 3, Net |
0
|
0
|
0
|
| Ending Fair Value |
1,115
|
940
|
525
|
| RILA, fixed indexed annuity and IUL contracts | Policyholder account balances |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
(9,077)
|
(4,783)
|
|
| Items Included in Net Income |
(3,059)
|
(3,193)
|
|
| Gains (Losses) in OCI and Other |
0
|
0
|
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
(313)
|
(1,101)
|
(627)
|
| Transfers Into or Out of Level 3, Net |
0
|
0
|
|
| Ending Fair Value |
(12,449)
|
(9,077)
|
(4,783)
|
| RILA, fixed indexed annuity and IUL contracts | Future contract benefits |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
|
(4,783)
|
(6,131)
|
| Items Included in Net Income |
|
|
1,975
|
| Gains (Losses) in OCI and Other |
|
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
|
|
(627)
|
| Transfers Into or Out of Level 3, Net |
|
|
0
|
| Ending Fair Value |
|
|
(4,783)
|
| Reinsurance-related embedded derivatives | Other liabilities |
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
| Beginning Fair Value |
(789)
|
0
|
|
| Items Included in Net Income |
555
|
(789)
|
|
| Gains (Losses) in OCI and Other |
0
|
0
|
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
0
|
0
|
|
| Transfers Into or Out of Level 3, Net |
0
|
0
|
|
| Ending Fair Value |
$ (234)
|
$ (789)
|
$ 0
|