v3.25.2
INVESTMENTS - Commercial Mortgage and Other Loans by Portfolio Segment (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Participating Mortgage Loans [Line Items]            
Commercial mortgage and other loans, gross $ 10,648   $ 11,224      
Percent of total commercial mortgage and other loans 100.00%   100.00%      
Allowance for credit losses $ (384)   $ (355)      
Total net commercial mortgage and other loans 10,264   10,869      
Transitional real estate loans            
Participating Mortgage Loans [Line Items]            
Commercial mortgage and other loans, gross $ 4,358   $ 4,902      
Percent of total commercial mortgage and other loans 40.80%   43.70%      
Allowance for credit losses $ (243) $ (203) $ (199) $ (123) $ (114) $ (112)
Commercial mortgage loans            
Participating Mortgage Loans [Line Items]            
Commercial mortgage and other loans, gross $ 1,490   $ 1,537      
Percent of total commercial mortgage and other loans 14.10%   13.70%      
Allowance for credit losses $ (12) (15) $ (14) (17) (19) (16)
Middle market loans            
Participating Mortgage Loans [Line Items]            
Commercial mortgage and other loans, gross $ 4,355   $ 4,423      
Percent of total commercial mortgage and other loans 40.90%   39.40%      
Allowance for credit losses $ (127) $ (150) $ (140) $ (98) $ (99) $ (146)
Other loans            
Participating Mortgage Loans [Line Items]            
Commercial mortgage and other loans, gross $ 445   $ 362      
Percent of total commercial mortgage and other loans 4.20%   3.20%      
Office | Transitional real estate loans            
Participating Mortgage Loans [Line Items]            
Commercial mortgage and other loans, gross $ 1,246   $ 1,361      
Percent of total commercial mortgage and other loans 11.70%   12.10%      
Office | Commercial mortgage loans            
Participating Mortgage Loans [Line Items]            
Commercial mortgage and other loans, gross $ 294   $ 300      
Percent of total commercial mortgage and other loans 2.80%   2.70%      
Retail | Transitional real estate loans            
Participating Mortgage Loans [Line Items]            
Commercial mortgage and other loans, gross $ 314   $ 349      
Percent of total commercial mortgage and other loans 2.90%   3.10%      
Retail | Commercial mortgage loans            
Participating Mortgage Loans [Line Items]            
Commercial mortgage and other loans, gross $ 210   $ 214      
Percent of total commercial mortgage and other loans 2.00%   1.90%      
Apartment/Multi-Family | Transitional real estate loans            
Participating Mortgage Loans [Line Items]            
Commercial mortgage and other loans, gross $ 1,881   $ 2,201      
Percent of total commercial mortgage and other loans 17.70%   19.60%      
Apartment/Multi-Family | Commercial mortgage loans            
Participating Mortgage Loans [Line Items]            
Commercial mortgage and other loans, gross $ 559   $ 572      
Percent of total commercial mortgage and other loans 5.30%   5.10%      
Industrial | Transitional real estate loans            
Participating Mortgage Loans [Line Items]            
Commercial mortgage and other loans, gross $ 100   $ 117      
Percent of total commercial mortgage and other loans 0.90%   1.10%      
Industrial | Commercial mortgage loans            
Participating Mortgage Loans [Line Items]            
Commercial mortgage and other loans, gross $ 413   $ 436      
Percent of total commercial mortgage and other loans 3.90%   3.90%      
Hospitality | Transitional real estate loans            
Participating Mortgage Loans [Line Items]            
Commercial mortgage and other loans, gross $ 525   $ 556      
Percent of total commercial mortgage and other loans 4.90%   5.00%      
Other | Transitional real estate loans            
Participating Mortgage Loans [Line Items]            
Commercial mortgage and other loans, gross $ 292   $ 318      
Percent of total commercial mortgage and other loans 2.70%   2.80%      
Other | Commercial mortgage loans            
Participating Mortgage Loans [Line Items]            
Commercial mortgage and other loans, gross $ 14   $ 15      
Percent of total commercial mortgage and other loans 0.10%   0.10%