v3.26.1
Fair Value of Assets and Liabilities (Financial Instruments where Carrying Amounts and Fair Values May Differ) (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Assets:      
Commercial mortgage and other loans [1] $ 65,985 $ 64,715  
Policy loans 9,984 9,958  
Other invested assets [1] 28,574 27,294  
Cash and cash equivalents 15,162 [1] 19,712 [1] $ 16,638
Accrued investment income [1] 3,758 3,636  
Reinsurance recoverables and deposit receivables [2] 44,218 44,077  
Other assets, assets at fair value 0 0  
Liabilities:      
Securities sold under agreements to repurchase 10,069 9,598  
Cash collateral for loaned securities 9,236 8,700  
Reinsurance and funds withheld payables [2] 19,864 18,844  
Short-term debt 955 1,443  
Long-term debt 19,663 18,856  
Other Liabilities, derivatives at fair value 5,759 6,215  
Fair Value      
Assets:      
Commercial mortgage and other loans 63,315 63,178  
Policy loans 9,984 9,958  
Other invested assets 94 93  
Short-term investments 539 633  
Cash and cash equivalents 6,001 6,874  
Accrued investment income 3,758 3,636  
Reinsurance recoverables and deposit receivables 7,504 6,718  
Other assets, assets at fair value 3,465 3,181  
Total assets 94,660 94,271  
Liabilities:      
Policyholders’ account balances—investment contracts 86,803 85,106  
Securities sold under agreements to repurchase 10,069 9,598  
Cash collateral for loaned securities 9,236 8,700  
Reinsurance and funds withheld payables 10,910 10,607  
Short-term debt 955 1,441  
Long-term debt 18,734 18,353  
Notes issued by consolidated VIEs 2,210 1,892  
Other Liabilities, derivatives at fair value 7,638 7,024  
Separate account liabilities—investment contracts 40,803 40,211  
Total liabilities 187,358 182,932  
Carrying Amount      
Assets:      
Commercial mortgage and other loans 65,026 63,659  
Policy loans 9,984 9,958  
Other invested assets 94 93  
Short-term investments 539 633  
Cash and cash equivalents 6,001 6,874  
Accrued investment income 3,758 3,636  
Reinsurance recoverables and deposit receivables 7,504 6,718  
Other assets, assets at fair value 3,465 3,181  
Total assets 96,371 94,752  
Liabilities:      
Policyholders’ account balances—investment contracts 92,271 89,970  
Securities sold under agreements to repurchase 10,069 9,598  
Cash collateral for loaned securities 9,236 8,700  
Reinsurance and funds withheld payables 10,910 10,607  
Short-term debt 955 1,443  
Long-term debt 19,663 18,856  
Notes issued by consolidated VIEs 2,210 1,892  
Other Liabilities, derivatives at fair value 7,638 7,024  
Separate account liabilities—investment contracts 40,803 40,211  
Total liabilities 193,755 188,301  
Level 1 | Fair Value      
Assets:      
Commercial mortgage and other loans 0 0  
Policy loans 14 12  
Other invested assets 0 0  
Short-term investments 539 632  
Cash and cash equivalents 5,736 6,652  
Accrued investment income 0 0  
Reinsurance recoverables and deposit receivables 0 0  
Other assets, assets at fair value 55 37  
Total assets 6,344 7,333  
Liabilities:      
Policyholders’ account balances—investment contracts 0 0  
Securities sold under agreements to repurchase 0 0  
Cash collateral for loaned securities 0 0  
Reinsurance and funds withheld payables 0 0  
Short-term debt 0 0  
Long-term debt 8,086 7,507  
Notes issued by consolidated VIEs 0 0  
Other Liabilities, derivatives at fair value 0 0  
Separate account liabilities—investment contracts 0 0  
Total liabilities 8,086 7,507  
Level 2 | Fair Value      
Assets:      
Commercial mortgage and other loans 12 14  
Policy loans 0 0  
Other invested assets 94 93  
Short-term investments 0 1  
Cash and cash equivalents 265 222  
Accrued investment income 3,758 3,636  
Reinsurance recoverables and deposit receivables 8 8  
Other assets, assets at fair value 3,408 3,142  
Total assets 7,545 7,116  
Liabilities:      
Policyholders’ account balances—investment contracts 36,085 35,175  
Securities sold under agreements to repurchase 10,069 9,598  
Cash collateral for loaned securities 9,236 8,700  
Reinsurance and funds withheld payables 10,952 10,639  
Short-term debt 923 1,408  
Long-term debt 10,173 10,324  
Notes issued by consolidated VIEs 0 0  
Other Liabilities, derivatives at fair value 7,608 6,993  
Separate account liabilities—investment contracts 22,900 22,548  
Total liabilities 107,946 105,385  
Level 3 | Fair Value      
Assets:      
Commercial mortgage and other loans 63,303 63,164  
Policy loans 9,970 9,946  
Other invested assets 0 0  
Short-term investments 0 0  
Cash and cash equivalents 0 0  
Accrued investment income 0 0  
Reinsurance recoverables and deposit receivables 7,496 6,710  
Other assets, assets at fair value 2 2  
Total assets 80,771 79,822  
Liabilities:      
Policyholders’ account balances—investment contracts 50,718 49,931  
Securities sold under agreements to repurchase 0 0  
Cash collateral for loaned securities 0 0  
Reinsurance and funds withheld payables (42) (32)  
Short-term debt 32 33  
Long-term debt 475 522  
Notes issued by consolidated VIEs 2,210 1,892  
Other Liabilities, derivatives at fair value 30 31  
Separate account liabilities—investment contracts 17,903 17,663  
Total liabilities 71,326 70,040  
Prudential Netting Agreement | Fair Value      
Liabilities:      
Long-term debt 16,372 15,744  
Prudential Netting Agreement | Carrying Amount      
Liabilities:      
Long-term debt 16,372 15,744  
Prismic Life Reinsurance, Ltd | Fair Value      
Liabilities:      
Reinsurance and funds withheld payables 7,350 7,513  
Prismic Life Reinsurance, Ltd | Carrying Amount      
Liabilities:      
Reinsurance and funds withheld payables $ 7,350 $ 7,513  
[1] See Note 4 for details of balances associated with variable interest entities.
[2] See Note 20 for additional information regarding related party transactions.