v3.26.1
Liability For Future Policy Benefits (Deferred Profit Liability) (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 Future Policy Benefit [Roll Forward]            
Other adjustments [1] $ (513) $ 175 $ (552) $ 225    
Total balance after reinsurance recoverable 171,614 181,091 171,614 181,091    
Deferred profit liability            
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]            
Total balance after reinsurance recoverable 15,205 15,369 15,205 15,369    
Retirement            
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]            
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
Interest accrual     3,693 3,545    
Foreign currency adjustment     1,524 (8,902)    
Other adjustments     84 29    
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 | Deferred profit liability            
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]            
Balance, BOP, post-flooring     5,419 5,683    
Flooring impact, BOP     0 0    
Balance, BOP, pre-flooring     5,419 5,683    
Effect of assumption update         (18) (73)
Effect of actual variances from expected experience and other activity         27 30
Adjusted balance, BOP         5,428 5,640
Profits deferred     28 85    
Interest accrual     112 116    
Amortization     (275) (289)    
Foreign currency adjustment     (4) (26)    
Other adjustments     0 0    
Balance, EOP, pre-flooring 5,289 5,578 5,289 5,578    
Flooring impact, EOP 0 0 0 0    
Balance, EOP, post-flooring 5,289 5,578 5,289 5,578    
Less: Reinsurance recoverables 414 376 414 376    
Total balance after reinsurance recoverable 4,875 5,202 4,875 5,202    
International Businesses            
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]            
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
Interest accrual     2,335 2,365    
Foreign currency adjustment     2,202 (7,245)    
Other adjustments     212 171    
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 | Deferred profit liability            
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]            
Balance, BOP, post-flooring     10,225 9,354    
Flooring impact, BOP     2 2    
Balance, BOP, pre-flooring     10,223 9,352    
Effect of assumption update         (255) (58)
Effect of actual variances from expected experience and other activity         (39) 2
Adjusted balance, BOP         9,929 9,296
Profits deferred     1,220 1,265    
Interest accrual     187 172    
Amortization     (1,075) (1,055)    
Foreign currency adjustment     (70) 353    
Other adjustments     33 25    
Balance, EOP, pre-flooring 10,224 10,056 10,224 10,056    
Flooring impact, EOP 2 3 2 3    
Balance, EOP, post-flooring 10,226 10,059 10,226 10,059    
Less: Reinsurance recoverables 42 45 42 45    
Total balance after reinsurance recoverable 10,184 10,014 10,184 10,014    
Total            
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]            
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
Interest accrual     6,822 6,686    
Foreign currency adjustment     3,726 (16,147)    
Other adjustments     282 199    
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    
Total | Deferred profit liability            
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]            
Balance, BOP, post-flooring     15,644 15,037    
Flooring impact, BOP     2 2    
Balance, BOP, pre-flooring     15,642 15,035    
Effect of assumption update         (273) (131)
Effect of actual variances from expected experience and other activity         (12) 32
Adjusted balance, BOP         $ 15,357 $ 14,936
Profits deferred     1,248 1,350    
Interest accrual     299 288    
Amortization     (1,350) (1,344)    
Foreign currency adjustment     (74) 379    
Other adjustments     33 25    
Balance, EOP, pre-flooring 15,513 15,634 15,513 15,634    
Flooring impact, EOP 2 3 2 3    
Balance, EOP, post-flooring 15,515 15,637 15,515 15,637    
Less: Reinsurance recoverables 456 421 456 421    
Total balance after reinsurance recoverable 15,059 15,216 15,059 15,216    
Other businesses            
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]            
Less: Reinsurance recoverables 53 59 53 59    
Total balance after reinsurance recoverable 1,307 1,347 1,307 1,347    
Other businesses | Deferred profit liability            
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]            
Total balance after reinsurance recoverable $ 146 $ 153 $ 146 $ 153    
[1] See Note 20 for additional information regarding related party transactions.