Reinsurance Reinsurance (Amounts Included in Statement of Operations) (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||||
---|---|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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Insurance [Abstract] | ||||||
Direct premiums | $ 5,824 | $ 6,851 | $ 11,846 | $ 21,673 | ||
Reinsurance assumed | 1,757 | 1,545 | 3,351 | 2,996 | ||
Reinsurance ceded | (599) | (576) | (1,215) | (1,312) | ||
Premiums | [1] | 6,982 | 7,820 | 13,982 | 23,357 | |
Direct policy charges and fee income | 1,146 | 949 | 2,329 | 1,813 | ||
Reinsurance assumed | 290 | 299 | 579 | 599 | ||
Reinsurance ceded | (187) | (163) | (502) | (271) | ||
Policy charges and fee income | 1,249 | 1,085 | 2,406 | 2,141 | ||
Direct change in value of market risk benefits, net of related hedging gains (losses) | (471) | (339) | (838) | (189) | ||
Reinsurance assumed | 39 | 8 | 11 | 79 | ||
Reinsurance ceded | 6 | 34 | 50 | (64) | ||
Change in value of market risk benefits, net of related hedging gains (losses) | (426) | (297) | (777) | (174) | ||
Direct policyholders’ benefits | 7,034 | 7,961 | 14,294 | 23,826 | ||
Reinsurance assumed | 2,074 | 1,938 | 4,044 | 3,781 | ||
Reinsurance ceded | (927) | (1,035) | (2,017) | (2,149) | ||
Policyholders’ benefits | [1] | 8,181 | 8,864 | 16,321 | 25,458 | |
Direct change in estimates of liability for future policy benefits | (17) | (213) | (64) | (67) | ||
Reinsurance assumed | (10) | 63 | (10) | 58 | ||
Reinsurance ceded | (148) | (26) | (151) | (184) | ||
Change in estimates of liability for future policy benefits | [1] | $ (175) | $ (176) | $ (225) | $ (193) | |
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- Definition Insurance Commissions And Fees Assumed No definition available.
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- Definition Insurance Commissions And Fees Ceded No definition available.
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- Definition Insurance Commissions And Fees Earned No definition available.
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- Definition Liability For Future Policy Benefit, Ceded No definition available.
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- Definition Liability For Future Policy Benefit, Direct Change in Estimates No definition available.
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- Definition Liability For Future Policy Benefit, Earned No definition available.
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- Definition Market Risk Benefit, Change In Fair Value, Gain (Loss) Assumed No definition available.
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- Definition Market Risk Benefit, Change In Fair Value, Gain (Loss), Ceded No definition available.
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- Definition Market Risk Benefit, Change In Fair Value, Gain (Loss) Earned No definition available.
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- Definition Amount of earned premiums assumed from other entities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of earned premiums ceded to other entities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, before premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Income from agency and brokerage operations (includes sales of annuities and supplemental contracts); service charges, commissions, and fees from the sale of insurance and related services; and management fees from separate accounts, deferred annuities, and universal life products. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in expected future policy benefit and expense component for liability for future policy benefit from change, classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of gain (loss) from (increase) decrease in fair value of contract or contract feature in long-duration contract issued by insurance entity that both protects contract holder from other-than-nominal capital market risk and exposes insurance entity to other-than-nominal capital market risk. Excludes change attributable to instrument-specific credit risk. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before effect of policies assumed or ceded, of expense related to provision for policy benefits and costs incurred. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of policy benefits and costs incurred for policies assumed. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of reduction of provision for policy benefits and costs incurred for policies ceded. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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