v3.23.1
Segment Information - Schedule of continuing operations by operating segment (Details)
$ in Millions
12 Months Ended
Dec. 31, 2022
USD ($)
segment
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Segment Reporting [Abstract]      
Number of Reportable Segments | segment 5    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Premiums $ 5,091 $ 5,653 $ 4,341
Policy fees 2,914 3,005 2,874
Total net investment income 9,576 11,672 10,516
Total net realized gains (losses) 6,091 1,752 (3,741)
Advisory fee and other income 1,025 1,175 1,072
Total revenue 24,697 23,257 15,062
Policyholder benefits (including remeasurement (gains) losses of $298 and $233 for the years ended December 31, 2022 and 2021, respectively) 6,720 7,387 6,602
Change in the fair value of market risk benefits, net (958) (447) 0
Interest credited to policyholder account balances 3,732 3,562 3,528
Amortization of deferred policy acquisition costs and value of business acquired 1,020 951 543
Non-deferrable insurance commissions 568 623 604
Advisory fee expenses 266 322 316
General operating expenses 2,323 2,104 2,027
Interest expense 534 389 490
Net (gain) loss on divestitures 1 (3,081) 0
Total benefits and expenses 14,206 12,003 14,211
Net income (loss) attributable to noncontrolling interests (320) (929) (224)
Income before income tax (benefit) 10,491 11,254 851
(Gain) loss on extinguishment of debt 0 219 10
Fortitude Holdings      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Net (gain) loss on divestitures   (26) 91
Fortitude Holdings      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Total net investment income 891 1,775 1,427
Income before income tax (benefit) 6,841 2,012 (1,549)
Operating Segments      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Premiums 5,091 5,653 4,341
Operating Segments | Individual Retirement      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Premiums 235 195 151
Policy fees 741 797 861
Total net investment income 3,888 4,334 4,105
Total net realized gains (losses) 0 0 0
Advisory fee and other income 451 592 571
Total revenue 5,315 5,918 5,688
Policyholder benefits (including remeasurement (gains) losses of $298 and $233 for the years ended December 31, 2022 and 2021, respectively) 285 317 411
Change in the fair value of market risk benefits, net 0 0  
Interest credited to policyholder account balances 1,916 1,793 1,751
Amortization of deferred policy acquisition costs and value of business acquired 523 451 556
Non-deferrable insurance commissions 351 396 334
Advisory fee expenses 141 189 205
General operating expenses 426 437 427
Interest expense 0 46 62
Net (gain) loss on divestitures 0 0  
Total benefits and expenses 3,642 3,629 3,746
Net income (loss) attributable to noncontrolling interests 0 0 0
Adjusted pre-tax operating income (loss) 1,673 2,289 1,942
(Gain) loss on extinguishment of debt   0 0
Operating Segments | Individual Retirement | Fortitude Holdings      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Net (gain) loss on divestitures   0 0
Operating Segments | Group Retirement      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Premiums 19 22 19
Policy fees 415 480 443
Total net investment income 2,000 2,413 2,213
Total net realized gains (losses) 0 0 0
Advisory fee and other income 305 337 272
Total revenue 2,739 3,252 2,947
Policyholder benefits (including remeasurement (gains) losses of $298 and $233 for the years ended December 31, 2022 and 2021, respectively) 35 31 74
Change in the fair value of market risk benefits, net 0 0  
Interest credited to policyholder account balances 1,147 1,159 1,125
Amortization of deferred policy acquisition costs and value of business acquired 80 78 15
Non-deferrable insurance commissions 123 122 117
Advisory fee expenses 124 133 111
General operating expenses 447 445 488
Interest expense 0 35 42
Net (gain) loss on divestitures 0 0  
Total benefits and expenses 1,956 2,003 1,972
Net income (loss) attributable to noncontrolling interests 0 0 0
Adjusted pre-tax operating income (loss) 783 1,249 975
(Gain) loss on extinguishment of debt   0 0
Operating Segments | Group Retirement | Fortitude Holdings      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Net (gain) loss on divestitures   0 0
Operating Segments | Life Insurance      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Premiums 1,864 1,586 1,526
Policy fees 1,564 1,541 1,384
Total net investment income 1,389 1,621 1,532
Total net realized gains (losses) 0 0 0
Advisory fee and other income 121 110 94
Total revenue 4,938 4,858 4,536
Policyholder benefits (including remeasurement (gains) losses of $298 and $233 for the years ended December 31, 2022 and 2021, respectively) 3,010 2,842 3,219
Change in the fair value of market risk benefits, net 0 0  
Interest credited to policyholder account balances 342 354 373
Amortization of deferred policy acquisition costs and value of business acquired 410 416 25
Non-deferrable insurance commissions 72 80 119
Advisory fee expenses 1 0 0
General operating expenses 656 682 624
Interest expense 0 25 30
Net (gain) loss on divestitures 0 0  
Total benefits and expenses 4,491 4,399 4,390
Net income (loss) attributable to noncontrolling interests 0 0 0
Adjusted pre-tax operating income (loss) 447 459 146
(Gain) loss on extinguishment of debt   0 0
Operating Segments | Life Insurance | Fortitude Holdings      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Net (gain) loss on divestitures   0 0
Operating Segments | Institutional Markets      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Premiums 2,913 3,774 2,564
Policy fees 194 187 186
Total net investment income 1,049 1,155 931
Total net realized gains (losses) 0 0 0
Advisory fee and other income 2 2 1
Total revenue 4,158 5,118 3,682
Policyholder benefits (including remeasurement (gains) losses of $298 and $233 for the years ended December 31, 2022 and 2021, respectively) 3,404 4,183 2,886
Change in the fair value of market risk benefits, net 0 0  
Interest credited to policyholder account balances 320 274 303
Amortization of deferred policy acquisition costs and value of business acquired 7 6 5
Non-deferrable insurance commissions 20 22 31
Advisory fee expenses 0 0 0
General operating expenses 73 77 79
Interest expense 0 9 11
Net (gain) loss on divestitures 0 0  
Total benefits and expenses 3,824 4,571 3,315
Net income (loss) attributable to noncontrolling interests 0 0 0
Adjusted pre-tax operating income (loss) 334 547 367
(Gain) loss on extinguishment of debt   0 0
Operating Segments | Institutional Markets | Fortitude Holdings      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Net (gain) loss on divestitures   0 0
Operating Segments | Corporate & Other      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Premiums 82 86 74
Policy fees 0 0 0
Total net investment income 473 443 346
Total net realized gains (losses) 170 701 54
Advisory fee and other income 121 134 122
Total revenue 846 1,364 596
Policyholder benefits (including remeasurement (gains) losses of $298 and $233 for the years ended December 31, 2022 and 2021, respectively) 0 0 0
Change in the fair value of market risk benefits, net 0 0  
Interest credited to policyholder account balances 0 0 0
Amortization of deferred policy acquisition costs and value of business acquired 0 0 0
Non-deferrable insurance commissions 2 3 3
Advisory fee expenses 0 0 0
General operating expenses 384 375 309
Interest expense 535 286 324
Net (gain) loss on divestitures 0 0  
Total benefits and expenses 921 664 636
Net income (loss) attributable to noncontrolling interests (320) (861) (194)
Adjusted pre-tax operating income (loss) (395) (161) (234)
(Gain) loss on extinguishment of debt   0 0
Operating Segments | Corporate & Other | Fortitude Holdings      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Net (gain) loss on divestitures   0 0
Eliminations      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Premiums 0 0 0
Policy fees 0 0 0
Total net investment income (41) (49) (43)
Total net realized gains (losses) 0 0 0
Advisory fee and other income 0 0 0
Total revenue (41) (49) (43)
Policyholder benefits (including remeasurement (gains) losses of $298 and $233 for the years ended December 31, 2022 and 2021, respectively) 0 0 0
Change in the fair value of market risk benefits, net 0 0  
Interest credited to policyholder account balances 0 0 0
Amortization of deferred policy acquisition costs and value of business acquired 0 0 0
Non-deferrable insurance commissions 0 0 0
Advisory fee expenses 0 0 0
General operating expenses (2) 0 (7)
Interest expense (51) (47) (34)
Net (gain) loss on divestitures 0 0  
Total benefits and expenses (53) (47) (41)
Net income (loss) attributable to noncontrolling interests 0 0 0
Adjusted pre-tax operating income (loss) 12 (2) (2)
(Gain) loss on extinguishment of debt   0 0
Eliminations | Fortitude Holdings      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Net (gain) loss on divestitures   0 0
Adjustments      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Premiums (22) (10) 7
Policy fees 0 0 0
Total net investment income 818 1,755 1,432
Total net realized gains (losses) 5,921 1,051 (3,795)
Advisory fee and other income 25 0 12
Total revenue 6,742 2,796 (2,344)
Policyholder benefits (including remeasurement (gains) losses of $298 and $233 for the years ended December 31, 2022 and 2021, respectively) (14) 14 12
Change in the fair value of market risk benefits, net (958) (447)  
Interest credited to policyholder account balances 7 (18) (24)
Amortization of deferred policy acquisition costs and value of business acquired 0 0 (58)
Non-deferrable insurance commissions 0 0 0
Advisory fee expenses 0 0 0
General operating expenses 339 88 107
Interest expense 50 35 55
Net (gain) loss on divestitures 1 (3,081)  
Total benefits and expenses (575) (3,216) 193
Net income (loss) attributable to noncontrolling interests 320 861 194
(Gain) loss on extinguishment of debt   219 10
Adjustments | Fortitude Holdings      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Net (gain) loss on divestitures   (26) 91
Total Corebridge      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Premiums 5,113 5,663 4,334
Policy fees 2,914 3,005 2,874
Total net investment income 8,758 9,917 9,084
Total net realized gains (losses) 170 701 54
Advisory fee and other income 1,000 1,175 1,060
Total revenue 17,955 20,461 17,406
Policyholder benefits (including remeasurement (gains) losses of $298 and $233 for the years ended December 31, 2022 and 2021, respectively) 6,734 7,373 6,590
Change in the fair value of market risk benefits, net 0 0  
Interest credited to policyholder account balances 3,725 3,580 3,552
Amortization of deferred policy acquisition costs and value of business acquired 1,020 951 601
Non-deferrable insurance commissions 568 623 604
Advisory fee expenses 266 322 316
General operating expenses 1,984 2,016 1,920
Interest expense 484 354 435
Net (gain) loss on divestitures 0 0  
Total benefits and expenses 14,781 15,219 14,018
Net income (loss) attributable to noncontrolling interests (320) (861) (194)
Adjusted pre-tax operating income (loss) $ 2,854 4,381 3,194
(Gain) loss on extinguishment of debt   0 0
Total Corebridge | Fortitude Holdings      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Net (gain) loss on divestitures   $ 0 $ 0