Federal Income Taxes - Significant Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions |
Dec. 31, 2024 |
Dec. 31, 2023 |
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| Deferred Tax Assets | ||
| Insurance liabilities and reinsurance-related balances | $ 1,856 | $ 1,900 |
| Net unrealized loss on fixed maturity AFS securities | 2,164 | 1,826 |
| Reinsurance-related embedded derivative liabilities | 6 | 116 |
| Compensation and benefit plans | 206 | 184 |
| Intangibles | 17 | 18 |
| Net unrealized loss on trading securities | 30 | 33 |
| Tax credits | 169 | 131 |
| Net operating losses | 478 | 87 |
| Capital losses | 56 | 93 |
| Total deferred tax assets | 4,982 | 4,388 |
| Deferred Tax Liabilities | ||
| DAC and VOBA | 1,638 | 1,744 |
| Investment activity | 1,486 | 617 |
| Deferred loss on reinsurance | 474 | 465 |
| MRB-related activity | 743 | 429 |
| Other | 37 | 204 |
| Total deferred tax liabilities | 4,378 | 3,459 |
| Net deferred tax asset (liability) | $ 604 | $ 929 |
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- Definition The tax effect as of the balance sheet date of the amount of the estimated future tax deductions attributable to reinsurance related embedded derivative assets which can only be deducted for tax purposes when losses on such assets are realized, and which can only be realized if sufficient tax-basis income is generated in future periods to enable the deduction to be taken. No definition available.
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- Definition The amount of the estimated future tax effects attributable to the difference between the tax basis of deferred acquisition costs (DAC) and the basis of DAC and value of business acquired (VOBA) and the basis of VOBA computed in accordance with generally accepted accounting principles. The difference in basis, whether due to amortization or other reasons, will increase future taxable income when such difference reverses. No definition available.
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- Definition Deferred Tax Liabilities, Deferred Loss On Reinsurance No definition available.
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- Definition Deferred Tax Liabilities, Market Risk Benefits No definition available.
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- References No definition available.
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- References No definition available.
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- Definition Amount of deferred tax liability attributable to taxable temporary differences. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible capital loss carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from intangible assets including goodwill. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, without jurisdictional netting. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible domestic operating loss carryforwards. Excludes state and local operating loss carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, before allocation of a valuation allowances, of deferred tax assets attributable to deductible tax credit carryforwards including, but not limited to, research, foreign, general business, alternative minimum tax, and other deductible tax credit carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from compensation and benefits costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences from reserves and accruals, classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary difference from unrealized loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary difference from unrealized loss on investment in debt security measured at fair value with change in fair value recognized in net income (trading). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred tax liability attributable to taxable temporary differences from investments (excludes investments in subsidiaries and equity method investments). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred tax liability attributable to taxable temporary differences classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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