v3.25.1
INSURANCE LIABILITIES AND ANNUITY BENEFITS - Narrative (Details)
$ in Millions
3 Months Ended
Feb. 03, 2025
USD ($)
Mar. 31, 2025
USD ($)
loan
Mar. 31, 2024
USD ($)
Dec. 31, 2024
USD ($)
Disaggregation of Revenue [Line Items]        
Insurance revenues   $ 934 $ 879  
Net income (loss)   $ 1,972 1,565  
Percent of portfolio held in office sector   33.30%    
Policyholder account balance   $ 1,535   $ 1,686
Policyholder account balance, surrender, withdrawal and benefit payments   114 106  
Policyholder account balance, net additions and interest credited   $ 74 66  
Policyholder account balance, crediting rate   3.00%   6.00%
Canadian life and health insurance        
Disaggregation of Revenue [Line Items]        
Proceeds from ceding commission $ 128      
Run-off Insurance operations        
Disaggregation of Revenue [Line Items]        
Insurance revenues   $ 934 879  
Gross profit (loss)   205 200  
Net income (loss)   163 $ 158  
Investment securities   37,613   $ 37,352
Limited partnerships   4,409   4,321
Run-off Insurance operations | CMBS        
Disaggregation of Revenue [Line Items]        
Estimated fair value   1,885   1,887
Debt securities, allowance for credit losses   $ 40   46
Number of delinquent loans | loan   1    
Number of nonaccrual loans | loan   1    
Weighted average loan to value ratio   69.00%    
Debt service coverage ratio   1.7    
Run-off Insurance operations | Residential mortgage        
Disaggregation of Revenue [Line Items]        
Estimated fair value   $ 331   $ 251