v3.25.3
Long-duration Contracts - Schedule of Rollforward of Net Market Risk Benefit Liabilities by Product (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Market Risk Benefit [Roll Forward]    
Beginning balance $ 3,715 $ 3,373
Effect of changes in instrument-specific credit risk (157) (8)
Balance, beginning of period, before changes in instrument-specific credit risk 3,558 3,365
Issuances 346 270
Interest accrual 143 151
Attributed fees collected 289 266
Benefit payments (51) (42)
Effect of changes in interest rates 116 (36)
Effect of changes in equity (106) (115)
Effect of actual policyholder behavior compared to expected behavior 83 69
Effect of changes in future expected policyholder behavior (43) 85
Effect of changes in other future expected assumptions (12) (19)
Balance, end of period, before changes in instrument-specific credit risk 4,323 3,994
Effect of changes in instrument-specific credit risk (289) (95)
Ending balance 4,612 4,089
Less: Reinsurance recoverable 69 40
Ending balance, net of reinsurance 4,543 4,049
Indexed Annuities    
Market Risk Benefit [Roll Forward]    
Beginning balance 3,525 3,181
Effect of changes in instrument-specific credit risk (154) (10)
Balance, beginning of period, before changes in instrument-specific credit risk 3,371 3,171
Issuances 346 270
Interest accrual 136 143
Attributed fees collected 288 265
Benefit payments (48) (39)
Effect of changes in interest rates 109 (34)
Effect of changes in equity (106) (115)
Effect of actual policyholder behavior compared to expected behavior 81 64
Effect of changes in future expected policyholder behavior (38) 88
Effect of changes in other future expected assumptions (15) (19)
Balance, end of period, before changes in instrument-specific credit risk 4,124 3,794
Effect of changes in instrument-specific credit risk (284) (94)
Ending balance 4,408 3,888
Less: Reinsurance recoverable 69 40
Ending balance, net of reinsurance 4,339 3,848
Reconciliation of the gross balances in an asset or liability position:    
Net amount at risk $ 17,195 $ 15,221
Weighted-average attained age of contract holders (in years) 69 years 69 years
Traditional Deferred Annuities    
Market Risk Benefit [Roll Forward]    
Beginning balance $ 190 $ 192
Effect of changes in instrument-specific credit risk (3) 2
Balance, beginning of period, before changes in instrument-specific credit risk 187 194
Issuances 0 0
Interest accrual 7 8
Attributed fees collected 1 1
Benefit payments (3) (3)
Effect of changes in interest rates 7 (2)
Effect of changes in equity 0 0
Effect of actual policyholder behavior compared to expected behavior 2 5
Effect of changes in future expected policyholder behavior (5) (3)
Effect of changes in other future expected assumptions 3 0
Balance, end of period, before changes in instrument-specific credit risk 199 200
Effect of changes in instrument-specific credit risk (5) (1)
Ending balance 204 201
Less: Reinsurance recoverable 0 0
Ending balance, net of reinsurance 204 201
Reconciliation of the gross balances in an asset or liability position:    
Net amount at risk $ 423 $ 427
Weighted-average attained age of contract holders (in years) 76 years 76 years