v3.26.1
Long-duration Contracts - Schedule of Rollforward of Net Market Risk Benefit Liabilities by Product (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Market Risk Benefit [Roll Forward]    
Beginning balance $ 4,716 $ 3,715
Effect of changes in instrument-specific credit risk 260 157
Balance, beginning of period, before changes in instrument-specific credit risk 4,456 3,558
Issuances 64 87
Interest accrual 48 44
Attributed fees collected 106 93
Benefit payments (23) (15)
Effect of changes in interest rates (24) 189
Effect of changes in equity 116 50
Effect of actual policyholder behavior compared to expected behavior 40 30
Balance, end of period, before changes in instrument-specific credit risk 4,783 4,036
Effect of changes in instrument-specific credit risk 44 41
Ending balance 4,827 4,077
Less: Reinsurance recoverable 78 47
Ending balance, net of reinsurance 4,749 4,030
Traditional Deferred Annuities    
Market Risk Benefit [Roll Forward]    
Beginning balance 205 190
Effect of changes in instrument-specific credit risk 5 3
Balance, beginning of period, before changes in instrument-specific credit risk 200 187
Issuances 0 0
Interest accrual 2 2
Attributed fees collected 0 0
Benefit payments (1) (1)
Effect of changes in interest rates (1) 6
Effect of changes in equity 0 0
Effect of actual policyholder behavior compared to expected behavior 2 0
Balance, end of period, before changes in instrument-specific credit risk 202 194
Effect of changes in instrument-specific credit risk 1 0
Ending balance 203 194
Less: Reinsurance recoverable 0 0
Ending balance, net of reinsurance 203 194
Reconciliation of the gross balances in an asset or liability position:    
Net amount at risk $ 423 $ 421
Weighted-average attained age of contract holders (in years) 77 years 76 years
Indexed Annuities    
Market Risk Benefit [Roll Forward]    
Beginning balance $ 4,511 $ 3,525
Effect of changes in instrument-specific credit risk 255 154
Balance, beginning of period, before changes in instrument-specific credit risk 4,256 3,371
Issuances 64 87
Interest accrual 46 42
Attributed fees collected 106 93
Benefit payments (22) (14)
Effect of changes in interest rates (23) 183
Effect of changes in equity 116 50
Effect of actual policyholder behavior compared to expected behavior 38 30
Balance, end of period, before changes in instrument-specific credit risk 4,581 3,842
Effect of changes in instrument-specific credit risk 43 41
Ending balance 4,624 3,883
Less: Reinsurance recoverable 78 47
Ending balance, net of reinsurance 4,546 3,836
Reconciliation of the gross balances in an asset or liability position:    
Net amount at risk $ 17,214 $ 15,599
Weighted-average attained age of contract holders (in years) 70 years 69 years