v3.26.1
Fair Value of Financial Instruments - Fair Value Inputs Quantitative Information (Details)
$ in Millions
Mar. 31, 2026
USD ($)
Dec. 31, 2025
USD ($)
Assets    
Fixed maturity AFS securities $ 94,200 $ 93,448
Equity securities 314 501
Market risk benefit assets 4,303 4,753
Embedded derivative asset 1,332 1,369
Liabilities    
Embedded derivative liability (92) (289)
Market risk benefit liabilities (1,127) (1,118)
Corporate bonds    
Assets    
Fixed maturity AFS securities 68,284 69,045
ABS    
Assets    
Fixed maturity AFS securities 17,703 16,282
CMBS    
Assets    
Fixed maturity AFS securities 2,669 2,502
Hybrid and redeemable preferred securities    
Assets    
Fixed maturity AFS securities 236 255
(Level 3)    
Assets    
Equity securities 33 33
Embedded derivative asset 1,332 1,369
Liabilities    
Embedded derivative liability (252) (434)
(Level 3) | Valuation Technique, Discounted Cash Flow    
Assets    
Equity securities 4 4
Market risk benefit assets 4,303 4,753
Embedded derivative asset 1,332 1,369
Liabilities    
Embedded derivative liability (13,462) (15,031)
Market risk benefit liabilities (1,127) (1,118)
(Level 3) | Corporate bonds    
Assets    
Fixed maturity AFS securities 3,282 3,913
(Level 3) | Corporate bonds | Valuation Technique, Discounted Cash Flow    
Assets    
Fixed maturity AFS securities 322 706
(Level 3) | ABS    
Assets    
Fixed maturity AFS securities 4,153 3,584
(Level 3) | ABS | Valuation Technique, Discounted Cash Flow    
Assets    
Fixed maturity AFS securities 7 8
(Level 3) | CMBS    
Assets    
Fixed maturity AFS securities 103 85
(Level 3) | CMBS | Valuation Technique, Discounted Cash Flow    
Assets    
Fixed maturity AFS securities 40 41
(Level 3) | Hybrid and redeemable preferred securities    
Assets    
Fixed maturity AFS securities 82 83
(Level 3) | Hybrid and redeemable preferred securities | Valuation Technique, Discounted Cash Flow    
Assets    
Fixed maturity AFS securities 40 40
(Level 3) | Other assets – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit assets 2 2
(Level 3) | Other liabilities – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Liabilities    
Market risk benefit liabilities $ (329) $ (359)
(Level 3) | Minimum | Liquidity/Duration Adjustment | Valuation Technique, Discounted Cash Flow    
Assets    
Equity securities, measurement input 0.045 0.045
(Level 3) | Minimum | Liquidity/Duration Adjustment | Corporate bonds | Valuation Technique, Discounted Cash Flow    
Assets    
Fixed maturity AFS and trading securities, measurement input 0.000 0.000
(Level 3) | Minimum | Liquidity/Duration Adjustment | ABS | Valuation Technique, Discounted Cash Flow    
Assets    
Fixed maturity AFS and trading securities, measurement input 0.016 0.011
(Level 3) | Minimum | Liquidity/Duration Adjustment | CMBS | Valuation Technique, Discounted Cash Flow    
Assets    
Fixed maturity AFS and trading securities, measurement input 0.019 0.018
(Level 3) | Minimum | Liquidity/Duration Adjustment | Hybrid and redeemable preferred securities | Valuation Technique, Discounted Cash Flow    
Assets    
Fixed maturity AFS and trading securities, measurement input 0.017 0.016
(Level 3) | Minimum | Lapse | Valuation Technique, Discounted Cash Flow    
Assets    
Embedded derivative asset, measurement input 0.000 0.000
Liabilities    
Embedded derivative liability, measurement input 0.000 0.000
(Level 3) | Minimum | Lapse | Other assets – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.010 0.010
(Level 3) | Minimum | Lapse | Other liabilities – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.010 0.010
(Level 3) | Minimum | Utilization of GLB Withdrawls | Other assets – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.850 0.850
(Level 3) | Minimum | Utilization of GLB Withdrawls | Other liabilities – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.850 0.850
(Level 3) | Minimum | Claims Utilization Factor | Other assets – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.500 0.500
(Level 3) | Minimum | Claims Utilization Factor | Other liabilities – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.500 0.500
(Level 3) | Minimum | Premiums Utilization Factor | Other assets – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.800 0.800
(Level 3) | Minimum | Premiums Utilization Factor | Other liabilities – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.800 0.800
(Level 3) | Minimum | Non-Performance Risk | Other assets – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.003 0.002
(Level 3) | Minimum | Non-Performance Risk | Other liabilities – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.003 0.002
(Level 3) | Minimum | Volatility | Other assets – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.010 0.010
(Level 3) | Minimum | Volatility | Other liabilities – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.010 0.010
(Level 3) | Maximum | Liquidity/Duration Adjustment | Valuation Technique, Discounted Cash Flow    
Assets    
Equity securities, measurement input 0.045 0.045
(Level 3) | Maximum | Liquidity/Duration Adjustment | Corporate bonds | Valuation Technique, Discounted Cash Flow    
Assets    
Fixed maturity AFS and trading securities, measurement input 0.065 0.062
(Level 3) | Maximum | Liquidity/Duration Adjustment | ABS | Valuation Technique, Discounted Cash Flow    
Assets    
Fixed maturity AFS and trading securities, measurement input 0.016 0.011
(Level 3) | Maximum | Liquidity/Duration Adjustment | CMBS | Valuation Technique, Discounted Cash Flow    
Assets    
Fixed maturity AFS and trading securities, measurement input 0.020 0.019
(Level 3) | Maximum | Liquidity/Duration Adjustment | Hybrid and redeemable preferred securities | Valuation Technique, Discounted Cash Flow    
Assets    
Fixed maturity AFS and trading securities, measurement input 0.020 0.019
(Level 3) | Maximum | Lapse | Valuation Technique, Discounted Cash Flow    
Assets    
Embedded derivative asset, measurement input 0.090 0.090
Liabilities    
Embedded derivative liability, measurement input 0.090 0.090
(Level 3) | Maximum | Lapse | Other assets – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.300 0.300
(Level 3) | Maximum | Lapse | Other liabilities – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.300 0.300
(Level 3) | Maximum | Utilization of GLB Withdrawls | Other assets – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 1.000 1.000
(Level 3) | Maximum | Utilization of GLB Withdrawls | Other liabilities – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 1.000 1.000
(Level 3) | Maximum | Claims Utilization Factor | Other assets – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 1.000 1.000
(Level 3) | Maximum | Claims Utilization Factor | Other liabilities – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 1.000 1.000
(Level 3) | Maximum | Premiums Utilization Factor | Other assets – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 1.150 1.150
(Level 3) | Maximum | Premiums Utilization Factor | Other liabilities – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 1.150 1.150
(Level 3) | Maximum | Non-Performance Risk | Other assets – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.023 0.016
(Level 3) | Maximum | Non-Performance Risk | Other liabilities – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.023 0.016
(Level 3) | Maximum | Volatility | Other assets – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.270 0.270
(Level 3) | Maximum | Volatility | Other liabilities – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.270 0.270
(Level 3) | Weighted Average Range | Liquidity/Duration Adjustment | Valuation Technique, Discounted Cash Flow    
Assets    
Equity securities, measurement input 0.045 0.045
(Level 3) | Weighted Average Range | Liquidity/Duration Adjustment | Corporate bonds | Valuation Technique, Discounted Cash Flow    
Assets    
Fixed maturity AFS and trading securities, measurement input 0.019 0.014
(Level 3) | Weighted Average Range | Liquidity/Duration Adjustment | ABS | Valuation Technique, Discounted Cash Flow    
Assets    
Fixed maturity AFS and trading securities, measurement input 0.016 0.011
(Level 3) | Weighted Average Range | Liquidity/Duration Adjustment | CMBS | Valuation Technique, Discounted Cash Flow    
Assets    
Fixed maturity AFS and trading securities, measurement input 0.019 0.018
(Level 3) | Weighted Average Range | Liquidity/Duration Adjustment | Hybrid and redeemable preferred securities | Valuation Technique, Discounted Cash Flow    
Assets    
Fixed maturity AFS and trading securities, measurement input 0.019 0.017
(Level 3) | Weighted Average Range | Utilization of GLB Withdrawls | Other assets – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.930 0.930
(Level 3) | Weighted Average Range | Utilization of GLB Withdrawls | Other liabilities – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.930 0.930
(Level 3) | Weighted Average Range | Non-Performance Risk | Other assets – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.018 0.013
(Level 3) | Weighted Average Range | Non-Performance Risk | Other liabilities – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.018 0.013
(Level 3) | Weighted Average Range | Volatility | Other assets – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.149 0.151
(Level 3) | Weighted Average Range | Volatility | Other liabilities – ceded MRBs | Valuation Technique, Discounted Cash Flow    
Assets    
Market risk benefit, measurement input 0.149 0.151