Fair Value of Financial Instruments - Fair Value Measured on a Recurring Basis Reconciliation (Details) - USD ($)
$ in Millions |
3 Months Ended |
6 Months Ended |
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
| Corporate bonds | Fixed maturity AFS securities: |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
|
| Beginning balance |
$ 3,282
|
$ 2,813
|
$ 3,913
|
$ 2,702
|
| Items Included in Net Income |
(12)
|
(24)
|
(26)
|
(37)
|
| Gains (Losses) in OCI and Other |
1
|
5
|
(29)
|
3
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
184
|
30
|
317
|
134
|
| Transfers Into or Out of Level 3, Net |
(57)
|
89
|
(777)
|
111
|
| Ending balance |
3,398
|
2,913
|
3,398
|
2,913
|
| RMBS | Fixed maturity AFS securities: |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
|
| Beginning balance |
|
8
|
|
1
|
| Items Included in Net Income |
|
0
|
|
0
|
| Gains (Losses) in OCI and Other |
|
0
|
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
|
67
|
|
74
|
| Transfers Into or Out of Level 3, Net |
|
(7)
|
|
(7)
|
| Ending balance |
|
68
|
|
68
|
| CMBS | Fixed maturity AFS securities: |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
|
| Beginning balance |
103
|
30
|
85
|
8
|
| Items Included in Net Income |
1
|
0
|
1
|
0
|
| Gains (Losses) in OCI and Other |
(1)
|
0
|
(2)
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
42
|
18
|
70
|
40
|
| Transfers Into or Out of Level 3, Net |
(28)
|
(7)
|
(37)
|
(7)
|
| Ending balance |
117
|
41
|
117
|
41
|
| ABS | Fixed maturity AFS securities: |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
|
| Beginning balance |
4,153
|
2,618
|
3,584
|
2,092
|
| Items Included in Net Income |
(18)
|
0
|
(25)
|
(21)
|
| Gains (Losses) in OCI and Other |
(32)
|
(12)
|
(71)
|
5
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
1,068
|
410
|
1,675
|
883
|
| Transfers Into or Out of Level 3, Net |
(139)
|
(39)
|
(131)
|
18
|
| Ending balance |
5,032
|
2,977
|
5,032
|
2,977
|
| Hybrid and redeemable preferred securities | Fixed maturity AFS securities: |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
|
| Beginning balance |
82
|
81
|
83
|
63
|
| Items Included in Net Income |
0
|
0
|
0
|
0
|
| Gains (Losses) in OCI and Other |
(1)
|
0
|
(2)
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
(1)
|
1
|
(1)
|
19
|
| Transfers Into or Out of Level 3, Net |
0
|
0
|
0
|
0
|
| Ending balance |
80
|
82
|
80
|
82
|
| Trading securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
|
| Beginning balance |
223
|
281
|
329
|
259
|
| Items Included in Net Income |
0
|
3
|
(2)
|
5
|
| Gains (Losses) in OCI and Other |
0
|
0
|
0
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
(35)
|
(4)
|
(117)
|
(4)
|
| Transfers Into or Out of Level 3, Net |
0
|
0
|
(22)
|
20
|
| Ending balance |
188
|
280
|
188
|
280
|
| Equity securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
|
| Beginning balance |
33
|
35
|
33
|
34
|
| Items Included in Net Income |
(3)
|
(2)
|
(6)
|
(8)
|
| Gains (Losses) in OCI and Other |
0
|
0
|
0
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
0
|
(4)
|
3
|
3
|
| Transfers Into or Out of Level 3, Net |
0
|
54
|
0
|
54
|
| Ending balance |
30
|
83
|
30
|
83
|
| Mortgage loans on real estate |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
|
| Beginning balance |
198
|
232
|
199
|
232
|
| Items Included in Net Income |
(2)
|
(1)
|
(1)
|
(2)
|
| Gains (Losses) in OCI and Other |
0
|
2
|
(1)
|
4
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
(1)
|
(1)
|
(2)
|
(2)
|
| Transfers Into or Out of Level 3, Net |
0
|
0
|
0
|
0
|
| Ending balance |
195
|
232
|
195
|
232
|
| Other investments |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
|
| Beginning balance |
28
|
15
|
1
|
23
|
| Items Included in Net Income |
0
|
0
|
0
|
0
|
| Gains (Losses) in OCI and Other |
0
|
0
|
0
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
5
|
9
|
32
|
1
|
| Transfers Into or Out of Level 3, Net |
(28)
|
0
|
(28)
|
0
|
| Ending balance |
5
|
24
|
5
|
24
|
| Derivative investments |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
|
|
42
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Beginning balance |
|
(109)
|
(108)
|
(136)
|
| Items Included in Net Income |
|
(6)
|
12
|
21
|
| Gains (Losses) in OCI and Other |
|
0
|
0
|
0
|
| Issuances, Sales, Maturities, Calls, Net |
|
0
|
42
|
0
|
| Transfers Into or Out of Level 3, Net |
|
0
|
0
|
0
|
| Ending balance |
(54)
|
(115)
|
(54)
|
(115)
|
| Ceded MRBs |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
|
| Beginning balance |
2
|
2
|
2
|
2
|
| Items Included in Net Income |
0
|
0
|
0
|
0
|
| Gains (Losses) in OCI and Other |
0
|
0
|
0
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
0
|
0
|
0
|
0
|
| Transfers Into or Out of Level 3, Net |
0
|
0
|
0
|
0
|
| Ending balance |
2
|
2
|
2
|
2
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Beginning balance |
(329)
|
(314)
|
(359)
|
(381)
|
| Items Included in Net Income |
(60)
|
(27)
|
(30)
|
40
|
| Gains (Losses) in OCI and Other |
0
|
0
|
0
|
0
|
| Issuances, Sales, Maturities, Calls, Net |
0
|
0
|
0
|
0
|
| Transfers Into or Out of Level 3, Net |
0
|
0
|
0
|
0
|
| Ending balance |
(389)
|
(341)
|
(389)
|
(341)
|
| Indexed annuity ceded embedded derivatives |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] |
|
|
|
|
| Beginning balance |
1,332
|
1,092
|
1,369
|
1,115
|
| Items Included in Net Income |
139
|
73
|
120
|
50
|
| Gains (Losses) in OCI and Other |
0
|
0
|
0
|
0
|
| Issuances, Sales, Maturities, Settlements, Calls, Net |
(34)
|
71
|
(52)
|
71
|
| Transfers Into or Out of Level 3, Net |
0
|
0
|
0
|
0
|
| Ending balance |
1,437
|
1,236
|
1,437
|
1,236
|
| RILA, fixed indexed annuity and IUL contracts | Policyholder Account Balances |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Beginning balance |
(13,444)
|
(10,807)
|
(15,115)
|
(12,449)
|
| Items Included in Net Income |
(3,589)
|
(2,146)
|
(1,986)
|
(472)
|
| Gains (Losses) in OCI and Other |
0
|
0
|
0
|
0
|
| Issuances, Sales, Maturities, Calls, Net |
177
|
(136)
|
245
|
(168)
|
| Transfers Into or Out of Level 3, Net |
0
|
0
|
0
|
0
|
| Ending balance |
(16,856)
|
(13,089)
|
(16,856)
|
(13,089)
|
| Reinsurance-related embedded derivatives |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Beginning balance |
(252)
|
(323)
|
(434)
|
(234)
|
| Items Included in Net Income |
(84)
|
14
|
98
|
(75)
|
| Gains (Losses) in OCI and Other |
0
|
0
|
0
|
0
|
| Issuances, Sales, Maturities, Calls, Net |
0
|
0
|
0
|
0
|
| Transfers Into or Out of Level 3, Net |
0
|
0
|
0
|
0
|
| Ending balance |
(336)
|
$ (309)
|
(336)
|
$ (309)
|
| Derivative liabilities, net |
|
|
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Beginning balance |
(65)
|
|
|
|
| Items Included in Net Income |
11
|
|
|
|
| Gains (Losses) in OCI and Other |
0
|
|
|
|
| Issuances, Sales, Maturities, Calls, Net |
0
|
|
|
|
| Transfers Into or Out of Level 3, Net |
0
|
|
|
|
| Ending balance |
$ (54)
|
|
$ (54)
|
|