v3.25.2
Closed Block (Closed Block Liabilities and Assets Designated to Closed Block; Maximum Future Earnings to be Recognized) (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Closed Block liabilities      
Future policy benefits $ 41,927 $ 42,464  
Policyholders’ dividends payable 695 688  
Policyholders’ dividend obligation 215 0  
Policyholders’ account balances 4,293 4,359 $ 4,424
Other Closed Block liabilities 3,292 3,346  
Total Closed Block liabilities 50,422 50,857  
Closed Block assets      
Fixed maturities, available-for-sale, at fair value 29,154 28,570  
Fixed maturities, trading, at fair value 647 647  
Equity securities, at fair value 1,475 1,642  
Commercial mortgage and other loans 7,628 7,652  
Policy loans 3,280 3,348  
Other invested assets 4,521 4,929  
Short-term investments 346 520  
Total investments 47,051 47,308  
Cash and cash equivalents 368 400  
Accrued investment income 402 403  
Other Closed Block assets 299 367  
Total Closed Block assets 48,120 48,478  
Excess of reported Closed Block liabilities over Closed Block assets 2,302 2,379  
Portion of above representing accumulated other comprehensive income (loss):      
Net unrealized investment gains (losses) (1,666) (2,299)  
Allocated to policyholder dividend obligation 1,514 2,096  
Future earnings to be recognized from Closed Block assets and Closed Block liabilities $ 2,150 $ 2,176