Liability For Future Policy Benefits (Benefit Reserves) (Details) - USD ($) $ in Millions |
3 Months Ended |
6 Months Ended |
|
|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
Dec. 31, 2025 |
Dec. 31, 2024 |
| Liability for Future Policy Benefit, Expected Net Premium [Roll Forward] |
|
|
|
|
|
|
|
| Total balance, EOP |
|
$ 135,172
|
$ 146,595
|
$ 135,172
|
$ 146,595
|
|
|
| Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
|
|
| Other adjustments |
[1] |
(513)
|
175
|
(552)
|
225
|
|
|
| Balance, EOP |
|
312,692
|
333,515
|
312,692
|
333,515
|
|
|
| Total balance after reinsurance recoverable |
|
171,614
|
181,091
|
171,614
|
181,091
|
|
|
| Retirement |
|
|
|
|
|
|
|
| Liability for Future Policy Benefit, Expected Net Premium [Roll Forward] |
|
|
|
|
|
|
|
| Balance, BOP |
|
|
|
87,431
|
72,526
|
|
|
| Effect of cumulative changes in discount rate assumptions |
|
|
|
14,178
|
14,545
|
|
|
| Balance at original discount rate |
|
|
|
101,609
|
87,071
|
|
|
| Effect of assumption update |
|
|
|
|
|
$ 19
|
$ 169
|
| Effect of actual variances from expected experience and other activity |
|
|
|
|
|
143
|
(79)
|
| Adjusted balance, BOP |
|
|
|
101,771
|
87,161
|
|
|
| Issuances |
|
|
|
2,643
|
8,993
|
|
|
| Net premiums / considerations collected |
|
|
|
(4,891)
|
(3,447)
|
|
|
| Interest accrual |
|
|
|
1,856
|
1,745
|
|
|
| Foreign currency adjustment |
|
|
|
(1,516)
|
8,819
|
|
|
| Other adjustments |
|
|
|
0
|
0
|
|
|
| Balance at original discount rate |
|
99,863
|
103,271
|
99,863
|
103,271
|
|
|
| Effect of cumulative changes in discount rate assumptions |
|
(15,445)
|
(15,153)
|
(15,445)
|
(15,153)
|
|
|
| Total balance, EOP |
|
84,418
|
88,118
|
84,418
|
88,118
|
|
|
| Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
|
|
| Balance, BOP |
|
|
|
167,704
|
151,679
|
|
|
| Effect of cumulative changes in discount rate assumptions |
|
|
|
17,769
|
20,199
|
|
|
| Balance at original discount rate, BOP |
|
|
|
185,473
|
171,878
|
|
|
| Effect of assumption update |
|
|
|
|
|
127
|
322
|
| Effect of actual variances from expected experience and other activity |
|
|
|
|
|
199
|
(120)
|
| Adjusted balance, BOP |
|
|
|
|
|
185,799
|
172,080
|
| Issuances |
|
|
|
2,643
|
8,993
|
|
|
| Interest accrual |
|
|
|
3,693
|
3,545
|
|
|
| Benefit payments |
|
|
|
(7,657)
|
(7,440)
|
|
|
| Foreign currency adjustment |
|
|
|
(1,524)
|
8,902
|
|
|
| Other adjustments |
|
|
|
84
|
29
|
|
|
| Balance at original discount rate, EOP |
|
183,038
|
186,109
|
183,038
|
186,109
|
|
|
| Effect of cumulative changes in discount rate assumptions |
|
(19,863)
|
(19,591)
|
(19,863)
|
(19,591)
|
|
|
| Balance, EOP |
|
163,175
|
166,518
|
163,175
|
166,518
|
|
|
| Balance, EOP, pre-flooring |
|
78,757
|
78,400
|
78,757
|
78,400
|
|
|
| Flooring impact, EOP |
|
205
|
106
|
205
|
106
|
|
|
| Balance, EOP, post-flooring |
|
78,962
|
78,506
|
78,962
|
78,506
|
|
|
| Less: Reinsurance recoverables |
|
5,228
|
5,038
|
5,228
|
5,038
|
|
|
| Total balance after reinsurance recoverable |
|
73,734
|
73,468
|
73,734
|
73,468
|
|
|
| Retirement | Gross Basis |
|
|
|
|
|
|
|
| Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
|
|
| Undiscounted expected future gross premiums |
|
172,541
|
178,217
|
172,541
|
178,217
|
|
|
| Discounted expected future gross premiums (at original discount rate) |
|
107,481
|
111,292
|
107,481
|
111,292
|
|
|
| Discounted expected future gross premiums (at current discount rate) |
|
90,584
|
94,675
|
90,584
|
94,675
|
|
|
| Undiscounted expected future benefits and expenses |
|
$ 298,653
|
$ 302,651
|
$ 298,653
|
$ 302,651
|
|
|
| Weighted-average duration of the liability in years (at original discount rate) |
|
8 years
|
8 years
|
8 years
|
8 years
|
|
|
| Weighted-average duration of the liability in years (at current discount rate) |
|
8 years
|
8 years
|
8 years
|
8 years
|
|
|
| Weighted-average interest rate (at original discount rate) |
|
4.84%
|
4.76%
|
4.84%
|
4.76%
|
|
|
| Weighted-average interest rate (at current discount rate) |
|
5.54%
|
5.45%
|
5.54%
|
5.45%
|
|
|
| Individual Life | Term Life |
|
|
|
|
|
|
|
| Liability for Future Policy Benefit, Expected Net Premium [Roll Forward] |
|
|
|
|
|
|
|
| Balance, BOP |
|
|
|
$ 10,637
|
$ 10,724
|
|
|
| Effect of cumulative changes in discount rate assumptions |
|
|
|
280
|
578
|
|
|
| Balance at original discount rate |
|
|
|
10,917
|
11,302
|
|
|
| Effect of assumption update |
|
|
|
|
|
(67)
|
(241)
|
| Effect of actual variances from expected experience and other activity |
|
|
|
|
|
(150)
|
(100)
|
| Adjusted balance, BOP |
|
|
|
10,700
|
10,961
|
|
|
| Issuances |
|
|
|
427
|
406
|
|
|
| Net premiums / considerations collected |
|
|
|
(676)
|
(692)
|
|
|
| Interest accrual |
|
|
|
260
|
264
|
|
|
| Foreign currency adjustment |
|
|
|
0
|
0
|
|
|
| Other adjustments |
|
|
|
(17)
|
3
|
|
|
| Balance at original discount rate |
|
$ 10,694
|
$ 10,942
|
10,694
|
10,942
|
|
|
| Effect of cumulative changes in discount rate assumptions |
|
(377)
|
(384)
|
(377)
|
(384)
|
|
|
| Total balance, EOP |
|
10,317
|
10,558
|
10,317
|
10,558
|
|
|
| Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
|
|
| Balance, BOP |
|
|
|
19,166
|
18,996
|
|
|
| Effect of cumulative changes in discount rate assumptions |
|
|
|
602
|
1,134
|
|
|
| Balance at original discount rate, BOP |
|
|
|
19,768
|
20,130
|
|
|
| Effect of assumption update |
|
|
|
|
|
(67)
|
(392)
|
| Effect of actual variances from expected experience and other activity |
|
|
|
|
|
(203)
|
(137)
|
| Adjusted balance, BOP |
|
|
|
|
|
19,498
|
19,601
|
| Issuances |
|
|
|
427
|
406
|
|
|
| Interest accrual |
|
|
|
474
|
470
|
|
|
| Benefit payments |
|
|
|
(738)
|
(784)
|
|
|
| Foreign currency adjustment |
|
|
|
0
|
0
|
|
|
| Other adjustments |
|
|
|
(14)
|
(1)
|
|
|
| Balance at original discount rate, EOP |
|
19,647
|
19,692
|
19,647
|
19,692
|
|
|
| Effect of cumulative changes in discount rate assumptions |
|
(795)
|
(797)
|
(795)
|
(797)
|
|
|
| Balance, EOP |
|
18,852
|
18,895
|
18,852
|
18,895
|
|
|
| Balance, EOP, pre-flooring |
|
8,535
|
8,337
|
8,535
|
8,337
|
|
|
| Flooring impact, EOP |
|
2
|
0
|
2
|
0
|
|
|
| Balance, EOP, post-flooring |
|
8,537
|
8,337
|
8,537
|
8,337
|
|
|
| Less: Reinsurance recoverables |
|
638
|
576
|
638
|
576
|
|
|
| Total balance after reinsurance recoverable |
|
7,899
|
7,761
|
7,899
|
7,761
|
|
|
| Individual Life | Term Life | Gross Basis |
|
|
|
|
|
|
|
| Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
|
|
| Undiscounted expected future gross premiums |
|
22,836
|
22,958
|
22,836
|
22,958
|
|
|
| Discounted expected future gross premiums (at original discount rate) |
|
15,415
|
15,586
|
15,415
|
15,586
|
|
|
| Discounted expected future gross premiums (at current discount rate) |
|
14,928
|
15,086
|
14,928
|
15,086
|
|
|
| Undiscounted expected future benefits and expenses |
|
$ 30,406
|
$ 30,430
|
$ 30,406
|
$ 30,430
|
|
|
| Weighted-average duration of the liability in years (at original discount rate) |
|
9 years
|
10 years
|
9 years
|
10 years
|
|
|
| Weighted-average duration of the liability in years (at current discount rate) |
|
9 years
|
9 years
|
9 years
|
9 years
|
|
|
| Weighted-average interest rate (at original discount rate) |
|
5.10%
|
5.12%
|
5.10%
|
5.12%
|
|
|
| Weighted-average interest rate (at current discount rate) |
|
5.46%
|
5.37%
|
5.46%
|
5.37%
|
|
|
| International Businesses |
|
|
|
|
|
|
|
| Liability for Future Policy Benefit, Expected Net Premium [Roll Forward] |
|
|
|
|
|
|
|
| Balance, BOP |
|
|
|
$ 41,359
|
$ 45,851
|
|
|
| Effect of cumulative changes in discount rate assumptions |
|
|
|
3,431
|
2,599
|
|
|
| Balance at original discount rate |
|
|
|
44,790
|
48,450
|
|
|
| Effect of assumption update |
|
|
|
|
|
(794)
|
(1,072)
|
| Effect of actual variances from expected experience and other activity |
|
|
|
|
|
(596)
|
(467)
|
| Adjusted balance, BOP |
|
|
|
43,400
|
46,911
|
|
|
| Issuances |
|
|
|
940
|
1,477
|
|
|
| Net premiums / considerations collected |
|
|
|
(3,174)
|
(3,455)
|
|
|
| Interest accrual |
|
|
|
686
|
730
|
|
|
| Foreign currency adjustment |
|
|
|
(530)
|
2,193
|
|
|
| Other adjustments |
|
|
|
74
|
73
|
|
|
| Balance at original discount rate |
|
$ 41,396
|
$ 47,929
|
41,396
|
47,929
|
|
|
| Effect of cumulative changes in discount rate assumptions |
|
(4,122)
|
(2,984)
|
(4,122)
|
(2,984)
|
|
|
| Total balance, EOP |
|
37,274
|
44,945
|
37,274
|
44,945
|
|
|
| Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
|
|
| Balance, BOP |
|
|
|
125,543
|
135,485
|
|
|
| Effect of cumulative changes in discount rate assumptions |
|
|
|
26,267
|
17,834
|
|
|
| Balance at original discount rate, BOP |
|
|
|
151,810
|
153,319
|
|
|
| Effect of assumption update |
|
|
|
|
|
(595)
|
(1,013)
|
| Effect of actual variances from expected experience and other activity |
|
|
|
|
|
(579)
|
(563)
|
| Adjusted balance, BOP |
|
|
|
|
|
150,636
|
151,743
|
| Issuances |
|
|
|
940
|
1,477
|
|
|
| Interest accrual |
|
|
|
2,335
|
2,365
|
|
|
| Benefit payments |
|
|
|
(5,241)
|
(4,208)
|
|
|
| Foreign currency adjustment |
|
|
|
(2,202)
|
7,245
|
|
|
| Other adjustments |
|
|
|
212
|
171
|
|
|
| Balance at original discount rate, EOP |
|
146,680
|
158,793
|
146,680
|
158,793
|
|
|
| Effect of cumulative changes in discount rate assumptions |
|
(29,551)
|
(23,521)
|
(29,551)
|
(23,521)
|
|
|
| Balance, EOP |
|
117,129
|
135,272
|
117,129
|
135,272
|
|
|
| Balance, EOP, pre-flooring |
|
79,855
|
90,326
|
79,855
|
90,326
|
|
|
| Flooring impact, EOP |
|
87
|
80
|
87
|
80
|
|
|
| Balance, EOP, post-flooring |
|
79,942
|
90,406
|
79,942
|
90,406
|
|
|
| Less: Reinsurance recoverables |
|
281
|
341
|
281
|
341
|
|
|
| Total balance after reinsurance recoverable |
|
79,661
|
90,065
|
79,661
|
90,065
|
|
|
| International Businesses | Gross Basis |
|
|
|
|
|
|
|
| Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
|
|
| Undiscounted expected future gross premiums |
|
95,546
|
107,923
|
95,546
|
107,923
|
|
|
| Discounted expected future gross premiums (at original discount rate) |
|
74,326
|
84,598
|
74,326
|
84,598
|
|
|
| Discounted expected future gross premiums (at current discount rate) |
|
67,213
|
79,680
|
67,213
|
79,680
|
|
|
| Undiscounted expected future benefits and expenses |
|
$ 238,949
|
$ 260,920
|
$ 238,949
|
$ 260,920
|
|
|
| Weighted-average duration of the liability in years (at original discount rate) |
|
16 years
|
17 years
|
16 years
|
17 years
|
|
|
| Weighted-average duration of the liability in years (at current discount rate) |
|
13 years
|
14 years
|
13 years
|
14 years
|
|
|
| Weighted-average interest rate (at original discount rate) |
|
3.09%
|
2.99%
|
3.09%
|
2.99%
|
|
|
| Weighted-average interest rate (at current discount rate) |
|
4.91%
|
4.05%
|
4.91%
|
4.05%
|
|
|
| Corporate and Other | Long- Term Care |
|
|
|
|
|
|
|
| Liability for Future Policy Benefit, Expected Net Premium [Roll Forward] |
|
|
|
|
|
|
|
| Balance, BOP |
|
|
|
$ 2,868
|
$ 2,854
|
|
|
| Effect of cumulative changes in discount rate assumptions |
|
|
|
64
|
132
|
|
|
| Balance at original discount rate |
|
|
|
2,932
|
2,986
|
|
|
| Effect of assumption update |
|
|
|
|
|
260
|
8
|
| Effect of actual variances from expected experience and other activity |
|
|
|
|
|
58
|
41
|
| Adjusted balance, BOP |
|
|
|
3,250
|
3,035
|
|
|
| Issuances |
|
|
|
0
|
0
|
|
|
| Net premiums / considerations collected |
|
|
|
(163)
|
(155)
|
|
|
| Interest accrual |
|
|
|
73
|
71
|
|
|
| Foreign currency adjustment |
|
|
|
0
|
0
|
|
|
| Other adjustments |
|
|
|
0
|
0
|
|
|
| Balance at original discount rate |
|
$ 3,160
|
$ 2,951
|
3,160
|
2,951
|
|
|
| Effect of cumulative changes in discount rate assumptions |
|
(110)
|
(86)
|
(110)
|
(86)
|
|
|
| Total balance, EOP |
|
3,050
|
2,865
|
3,050
|
2,865
|
|
|
| Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
|
|
| Balance, BOP |
|
|
|
11,660
|
11,178
|
|
|
| Effect of cumulative changes in discount rate assumptions |
|
|
|
1,435
|
1,548
|
|
|
| Balance at original discount rate, BOP |
|
|
|
13,095
|
12,726
|
|
|
| Effect of assumption update |
|
|
|
|
|
394
|
14
|
| Effect of actual variances from expected experience and other activity |
|
|
|
|
|
70
|
18
|
| Adjusted balance, BOP |
|
|
|
|
|
13,559
|
12,758
|
| Issuances |
|
|
|
0
|
0
|
|
|
| Interest accrual |
|
|
|
320
|
306
|
|
|
| Benefit payments |
|
|
|
(201)
|
(176)
|
|
|
| Foreign currency adjustment |
|
|
|
0
|
0
|
|
|
| Other adjustments |
|
|
|
0
|
0
|
|
|
| Balance at original discount rate, EOP |
|
13,678
|
12,888
|
13,678
|
12,888
|
|
|
| Effect of cumulative changes in discount rate assumptions |
|
(1,614)
|
(1,572)
|
(1,614)
|
(1,572)
|
|
|
| Balance, EOP |
|
12,064
|
11,316
|
12,064
|
11,316
|
|
|
| Balance, EOP, pre-flooring |
|
9,013
|
8,450
|
9,013
|
8,450
|
|
|
| Flooring impact, EOP |
|
0
|
0
|
0
|
0
|
|
|
| Balance, EOP, post-flooring |
|
9,013
|
8,450
|
9,013
|
8,450
|
|
|
| Less: Reinsurance recoverables |
|
0
|
0
|
0
|
0
|
|
|
| Total balance after reinsurance recoverable |
|
9,013
|
8,450
|
9,013
|
8,450
|
|
|
| Corporate and Other | Long- Term Care | Gross Basis |
|
|
|
|
|
|
|
| Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
|
|
| Undiscounted expected future gross premiums |
|
6,366
|
6,588
|
6,366
|
6,588
|
|
|
| Discounted expected future gross premiums (at original discount rate) |
|
4,316
|
4,427
|
4,316
|
4,427
|
|
|
| Discounted expected future gross premiums (at current discount rate) |
|
4,174
|
4,308
|
4,174
|
4,308
|
|
|
| Undiscounted expected future benefits and expenses |
|
$ 30,490
|
$ 29,531
|
$ 30,490
|
$ 29,531
|
|
|
| Weighted-average duration of the liability in years (at original discount rate) |
|
16 years
|
16 years
|
16 years
|
16 years
|
|
|
| Weighted-average duration of the liability in years (at current discount rate) |
|
15 years
|
15 years
|
15 years
|
15 years
|
|
|
| Weighted-average interest rate (at original discount rate) |
|
4.91%
|
4.91%
|
4.91%
|
4.91%
|
|
|
| Weighted-average interest rate (at current discount rate) |
|
5.87%
|
5.87%
|
5.87%
|
5.87%
|
|
|
| Other businesses |
|
|
|
|
|
|
|
| Liability for Future Policy Benefit, Expected Net Premium [Roll Forward] |
|
|
|
|
|
|
|
| Total balance, EOP |
|
$ 113
|
$ 109
|
$ 113
|
$ 109
|
|
|
| Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
|
|
| Balance, EOP |
|
1,472
|
1,514
|
1,472
|
1,514
|
|
|
| Less: Reinsurance recoverables |
|
53
|
59
|
53
|
59
|
|
|
| Total balance after reinsurance recoverable |
|
1,307
|
1,347
|
1,307
|
1,347
|
|
|
| Total |
|
|
|
|
|
|
|
| Liability for Future Policy Benefit, Expected Net Premium [Roll Forward] |
|
|
|
|
|
|
|
| Balance, BOP |
|
|
|
142,295
|
131,955
|
|
|
| Effect of cumulative changes in discount rate assumptions |
|
|
|
17,953
|
17,854
|
|
|
| Balance at original discount rate |
|
|
|
160,248
|
149,809
|
|
|
| Effect of assumption update |
|
|
|
|
|
(582)
|
(1,136)
|
| Effect of actual variances from expected experience and other activity |
|
|
|
|
|
(545)
|
(605)
|
| Adjusted balance, BOP |
|
|
|
159,121
|
148,068
|
|
|
| Issuances |
|
|
|
4,010
|
10,876
|
|
|
| Net premiums / considerations collected |
|
|
|
(8,904)
|
(7,749)
|
|
|
| Interest accrual |
|
|
|
2,875
|
2,810
|
|
|
| Foreign currency adjustment |
|
|
|
(2,046)
|
11,012
|
|
|
| Other adjustments |
|
|
|
57
|
76
|
|
|
| Balance at original discount rate |
|
155,113
|
165,093
|
155,113
|
165,093
|
|
|
| Effect of cumulative changes in discount rate assumptions |
|
(20,054)
|
(18,607)
|
(20,054)
|
(18,607)
|
|
|
| Total balance, EOP |
|
135,059
|
146,486
|
135,059
|
146,486
|
|
|
| Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
|
|
| Balance, BOP |
|
|
|
324,073
|
317,338
|
|
|
| Effect of cumulative changes in discount rate assumptions |
|
|
|
46,073
|
40,715
|
|
|
| Balance at original discount rate, BOP |
|
|
|
370,146
|
358,053
|
|
|
| Effect of assumption update |
|
|
|
|
|
(141)
|
(1,069)
|
| Effect of actual variances from expected experience and other activity |
|
|
|
|
|
(513)
|
(802)
|
| Adjusted balance, BOP |
|
|
|
|
|
$ 369,492
|
$ 356,182
|
| Issuances |
|
|
|
4,010
|
10,876
|
|
|
| Interest accrual |
|
|
|
6,822
|
6,686
|
|
|
| Benefit payments |
|
|
|
(13,837)
|
(12,608)
|
|
|
| Foreign currency adjustment |
|
|
|
(3,726)
|
16,147
|
|
|
| Other adjustments |
|
|
|
282
|
199
|
|
|
| Balance at original discount rate, EOP |
|
363,043
|
377,482
|
363,043
|
377,482
|
|
|
| Effect of cumulative changes in discount rate assumptions |
|
(51,823)
|
(45,481)
|
(51,823)
|
(45,481)
|
|
|
| Balance, EOP |
|
311,220
|
332,001
|
311,220
|
332,001
|
|
|
| Balance, EOP, pre-flooring |
|
176,160
|
185,513
|
176,160
|
185,513
|
|
|
| Flooring impact, EOP |
|
294
|
186
|
294
|
186
|
|
|
| Balance, EOP, post-flooring |
|
176,454
|
185,699
|
176,454
|
185,699
|
|
|
| Less: Reinsurance recoverables |
|
6,147
|
5,955
|
6,147
|
5,955
|
|
|
| Total balance after reinsurance recoverable |
|
$ 170,307
|
$ 179,744
|
170,307
|
$ 179,744
|
|
|
| Nonparticipating Traditional and Limited-Pay Business |
|
|
|
|
|
|
|
| Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
|
|
| Loss in net income |
|
|
|
115
|
|
|
|
| Nonparticipating Traditional and Limited-Pay Business | Ceded reinsurance |
|
|
|
|
|
|
|
| Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
|
|
| Loss in net income |
|
|
|
$ 4
|
|
|
|
|
|