v3.26.1
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      
[1] See Note 20 for additional information regarding related party transactions.