v3.26.1
Contractholder Funds - Schedule of Balances and Changes in Contractholder Funds (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Policyholder Account Balance      
Reconciling items $ (1) $ 3  
Gross liability, end of period 63,474   $ 62,726
Less: Reinsurance recoverable 19,979   17,551
Indexed annuities      
Policyholder Account Balance      
Balance, beginning of year 33,226 30,235 30,235
Issuances 1,644   6,714
Premiums received 8   31
Policy charges (57)   (222)
Surrenders and withdrawals (978)   (3,831)
Benefit payments (115)   (536)
Interest credited 245   830
Other (4)   5
Balance, end of period 33,969   33,226
Issuances 1,644   6,714
Premiums received 8   31
Policy charges (57)   (222)
Surrenders and withdrawals (978)   (3,831)
Benefit payments (115)   (536)
Interest credited 245   830
Other (4)   5
Reconciling items (47)   321
Gross liability, end of period 33,922   33,547
Less: Reinsurance recoverable 5,655   3,198
Net liability, after reinsurance $ 28,267   $ 30,349
Weighted-average crediting rate 2.96%   2.65%
Cash surrender value $ 31,607   $ 30,920
Fixed rate annuities      
Policyholder Account Balance      
Balance, beginning of year 19,265 17,442 17,442
Issuances 184   3,801
Premiums received 0   0
Policy charges 0   0
Surrenders and withdrawals (605)   (2,485)
Benefit payments (93)   (358)
Interest credited 222   866
Other 0   (1)
Balance, end of period 18,973   19,265
Issuances 184   3,801
Premiums received 0   0
Policy charges 0   0
Surrenders and withdrawals (605)   (2,485)
Benefit payments (93)   (358)
Interest credited 222   866
Other 0   (1)
Reconciling items 2   2
Gross liability, end of period 18,975   19,267
Less: Reinsurance recoverable 12,834   12,863
Net liability, after reinsurance $ 6,141   $ 6,404
Weighted-average crediting rate 4.76%   4.84%
Cash surrender value $ 17,783   $ 18,034
Universal Life      
Policyholder Account Balance      
Balance, beginning of year 3,292 2,817 2,817
Issuances 60   229
Premiums received 163   593
Policy charges (103)   (378)
Surrenders and withdrawals (33)   (130)
Benefit payments (5)   (21)
Interest credited 57   182
Other 0   0
Balance, end of period 3,431   3,292
Issuances 60   229
Premiums received 163   593
Policy charges (103)   (378)
Surrenders and withdrawals (33)   (130)
Benefit payments (5)   (21)
Interest credited 57   182
Other 0   0
Reconciling items 92   115
Gross liability, end of period 3,523   3,407
Less: Reinsurance recoverable 883   887
Net liability, after reinsurance $ 2,640   $ 2,520
Weighted-average crediting rate 7.07%   6.13%
Net amount at risk $ 29,648   $ 29,581
Cash surrender value 2,641   2,533
FABN      
Policyholder Account Balance      
Balance, beginning of year 3,324 2,463 2,463
Issuances 750   1,148
Premiums received 0   0
Policy charges 0   0
Surrenders and withdrawals 0   0
Benefit payments (30)   (395)
Interest credited 39   107
Other 0   1
Balance, end of period 4,083   3,324
Issuances 750   1,148
Premiums received 0   0
Policy charges 0   0
Surrenders and withdrawals 0   0
Benefit payments (30)   (395)
Interest credited 39   107
Other 0   1
Reconciling items 0   11
Gross liability, end of period 4,083   3,335
Less: Reinsurance recoverable 0   0
Net liability, after reinsurance 4,083   3,335
FHLB      
Policyholder Account Balance      
Balance, beginning of year 2,898 $ 2,852 2,852
Issuances 901   2,241
Premiums received 0   0
Policy charges 0   0
Surrenders and withdrawals 0   0
Benefit payments (1,122)   (2,298)
Interest credited 25   103
Other 0   0
Balance, end of period 2,702   2,898
Issuances 901   2,241
Premiums received 0   0
Policy charges 0   0
Surrenders and withdrawals 0   0
Benefit payments (1,122)   (2,298)
Interest credited 25   103
Other 0   0
Reconciling items 0   0
Gross liability, end of period 2,702   2,898
Less: Reinsurance recoverable 0   0
Net liability, after reinsurance $ 2,702   $ 2,898