v3.26.1
Deferred Policy Acquisition Costs, Deferred Reinsurance, Deferred Sales Inducements and Value of Business Acquired - Balance of and Changes in DAC (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]        
Balance, BOP     $ 21,530  
Amortization expense [1] $ (430) $ (407) (841) $ (814)
Balance, EOP 21,880 21,222 21,880 21,222
Retirement        
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]        
Balance, BOP     2,304 1,744
Capitalization     352 491
Amortization expense     (172) (150)
Other adjustments     0 19
Foreign currency adjustment     (1) 5
Balance, EOP 2,483 2,109 2,483 2,109
Individual Life | Term Life Insurance        
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]        
Balance, BOP     2,203 2,215
Capitalization     100 95
Amortization expense     (105) (104)
Other adjustments     1 0
Foreign currency adjustment     0 0
Balance, EOP 2,199 2,206 2,199 2,206
Individual Life | Variable Universal Life        
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]        
Balance, BOP     4,845 4,369
Capitalization     338 301
Amortization expense     (114) (104)
Other adjustments     (3) 1
Foreign currency adjustment     0 0
Balance, EOP 5,066 4,567 5,066 4,567
U.S. Legacy Products | Annuities        
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]        
Balance, BOP     2,308 2,556
Capitalization     2 2
Amortization expense     (118) (123)
Other adjustments     0 0
Foreign currency adjustment     0 0
Balance, EOP 2,192 2,435 2,192 2,435
U.S. Legacy Products | Guaranteed Universal Life        
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]        
Balance, BOP     545 509
Capitalization     10 25
Amortization expense     (10) (13)
Other adjustments     0 4
Foreign currency adjustment     0 0
Balance, EOP 545 525 545 525
International Businesses        
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]        
Balance, BOP     9,678 9,304
Capitalization     505 603
Amortization expense     (360) (344)
Other adjustments     6 (214)
Foreign currency adjustment     (66) 330
Balance, EOP 9,763 9,679 9,763 9,679
Total        
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]        
Balance, BOP     21,883 20,697
Capitalization     1,307 1,517
Amortization expense     (879) (838)
Other adjustments     4 (190)
Foreign currency adjustment     (67) 335
Balance, EOP 22,248 21,521 22,248 21,521
Other businesses        
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]        
Balance, EOP $ (368) $ (299) $ (368) $ (299)
[1] See Note 20 for additional information regarding related party transactions.