v3.26.1
DERIVATIVES - Derivatives by Category (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
Derivatives, Fair Value [Line Items]          
Net derivative gains (losses) $ (2,055) $ (1,374) $ (1,475) $ (575)  
Net investment income (loss) 1,397 1,355 2,681 2,603  
Total derivative instruments          
Derivatives, Fair Value [Line Items]          
Notional Amount 151,630   151,630   $ 135,793
Derivative Assets 33,599   33,599   28,990
Derivative Liabilities 57,942   57,942   49,739
Net Derivatives (24,343)   (24,343)   (20,749)
Net derivative gains (losses) (2,055) (1,374) (1,475) (575)  
Net investment income (loss) (22) 1 (10) 4  
Interest credited to policyholders account balances 6 (73) 25 (106)  
Amount reclassified from (to) income to AOCI 3 (138) 65 (196)  
Designated for Hedge Accounting | Cash Flow Hedge          
Derivatives, Fair Value [Line Items]          
Notional Amount 4,507   4,507   4,238
Derivative Assets 114   114   96
Derivative Liabilities 477   477   472
Net Derivatives (363)   (363)   (376)
Net derivative gains (losses) (1) 0 0 0  
Net investment income (loss) (22) 1 (10) 4  
Interest credited to policyholders account balances 6 (73) 25 (106)  
Amount reclassified from (to) income to AOCI 3 (138) 65 (196)  
Designated for Hedge Accounting | Cash Flow Hedge | Currency swaps          
Derivatives, Fair Value [Line Items]          
Notional Amount 3,555   3,555   3,286
Derivative Assets 114   114   96
Derivative Liabilities 129   129   142
Net Derivatives (15)   (15)   (46)
Net derivative gains (losses) (1) 0 0 0  
Net investment income (loss) 6 9 11 15  
Interest credited to policyholders account balances 6 73 (25) 106  
Amount reclassified from (to) income to AOCI (12) (151) 54 (188)  
Designated for Hedge Accounting | Cash Flow Hedge | Interest swaps          
Derivatives, Fair Value [Line Items]          
Notional Amount 952   952   952
Derivative Assets 0   0   0
Derivative Liabilities 348   348   330
Net Derivatives (348)   (348)   (330)
Net derivative gains (losses) 0 0 0 0  
Net investment income (loss) (28) (8) (21) (11)  
Interest credited to policyholders account balances 0 0 0 0  
Amount reclassified from (to) income to AOCI 15 13 11 (8)  
Not Designated for Hedge Accounting          
Derivatives, Fair Value [Line Items]          
Notional Amount 147,123   147,123   131,555
Derivative Assets 33,482   33,482   28,895
Derivative Liabilities 31,722   31,722   27,448
Net Derivatives 1,760   1,760   1,447
Net derivative gains (losses) 5,906 3,322 4,054 1,143  
Net investment income (loss) 0 0 0 0  
Interest credited to policyholders account balances 0 0 0 0  
Amount reclassified from (to) income to AOCI 0 0 0 0  
Not Designated for Hedge Accounting | Currency swaps          
Derivatives, Fair Value [Line Items]          
Notional Amount 110   110   0
Derivative Assets 3   3   0
Derivative Liabilities 0   0   0
Net Derivatives 3   3   0
Net derivative gains (losses) 3 (57) 3 (87)  
Net investment income (loss) 0 0 0 0  
Interest credited to policyholders account balances 0 0 0 0  
Amount reclassified from (to) income to AOCI 0 0 0 0  
Not Designated for Hedge Accounting | Interest swaps          
Derivatives, Fair Value [Line Items]          
Notional Amount 585   585   601
Derivative Assets 5   5   0
Derivative Liabilities 4   4   18
Net Derivatives 1   1   (18)
Net derivative gains (losses) 0 (16) (6) (1)  
Net investment income (loss) 0 0 0 0  
Interest credited to policyholders account balances 0 0 0 0  
Amount reclassified from (to) income to AOCI 0 0 0 0  
Not Designated for Hedge Accounting | Futures          
Derivatives, Fair Value [Line Items]          
Notional Amount 18,198   18,198   15,052
Derivative Assets 0   0   1
Derivative Liabilities 2   2   0
Net Derivatives (2)   (2)   1
Net derivative gains (losses) 492 472 407 272  
Net investment income (loss) 0 0 0 0  
Interest credited to policyholders account balances 0 0 0 0  
Amount reclassified from (to) income to AOCI 0 0 0 0  
Not Designated for Hedge Accounting | Swaps          
Derivatives, Fair Value [Line Items]          
Notional Amount 19,472   19,472   18,290
Derivative Assets 77   77   61
Derivative Liabilities 765   765   47
Net Derivatives (688)   (688)   14
Net derivative gains (losses) (2,118) (1,204) (1,598) (499)  
Net investment income (loss) 0 0 0 0  
Interest credited to policyholders account balances 0 0 0 0  
Amount reclassified from (to) income to AOCI 0 0 0 0  
Not Designated for Hedge Accounting | Options          
Derivatives, Fair Value [Line Items]          
Notional Amount 99,734   99,734   88,273
Derivative Assets 32,043   32,043   27,686
Derivative Liabilities 8,144   8,144   6,580
Net Derivatives 23,899   23,899   21,106
Net derivative gains (losses) 7,401 4,235 5,148 1,590  
Net investment income (loss) 0 0 0 0  
Interest credited to policyholders account balances 0 0 0 0  
Amount reclassified from (to) income to AOCI 0 0 0 0  
Not Designated for Hedge Accounting | Forwards          
Derivatives, Fair Value [Line Items]          
Notional Amount 0   0   0
Derivative Assets 92   92   34
Derivative Liabilities 0   0   0
Net Derivatives 92   92   34
Net derivative gains (losses) 93 0 58 0  
Net investment income (loss) 0 0 0 0  
Interest credited to policyholders account balances 0 0 0 0  
Amount reclassified from (to) income to AOCI 0 0 0 0  
Not Designated for Hedge Accounting | Futures          
Derivatives, Fair Value [Line Items]          
Notional Amount 8,415   8,415   8,802
Derivative Assets 0   0   0
Derivative Liabilities 0   0  
Net Derivatives 0   0   0
Net derivative gains (losses) 35 (98) 37 (121)  
Net investment income (loss) 0 0 0 0  
Interest credited to policyholders account balances 0 0 0 0  
Amount reclassified from (to) income to AOCI 0 0 0 0  
Not Designated for Hedge Accounting | Option          
Derivatives, Fair Value [Line Items]          
Notional Amount 50   50   50
Derivative Assets 5   5   5
Derivative Liabilities 0   0   0
Net Derivatives 5   5   5
Net derivative gains (losses) 0 (1) 0 (2)  
Net investment income (loss) 0 0 0 0  
Interest credited to policyholders account balances 0 0 0 0  
Amount reclassified from (to) income to AOCI 0 0 0 0  
Not Designated for Hedge Accounting | Credit default swaps          
Derivatives, Fair Value [Line Items]          
Notional Amount 443   443   397
Derivative Assets 1   1   1
Derivative Liabilities 11   11   11
Net Derivatives (10)   (10)   (10)
Net derivative gains (losses) (4) (3) (1) (3)  
Net investment income (loss) 0 0 0 0  
Interest credited to policyholders account balances 0 0 0 0  
Amount reclassified from (to) income to AOCI 0 0 0 0  
Not Designated for Hedge Accounting | Currency forwards          
Derivatives, Fair Value [Line Items]          
Notional Amount 116   116   90
Derivative Assets 20   20   15
Derivative Liabilities 18   18   16
Net Derivatives 2   2   (1)
Net derivative gains (losses) 4 (6) 6 (6)  
Net investment income (loss) 0 0 0 0  
Interest credited to policyholders account balances 0 0 0 0  
Amount reclassified from (to) income to AOCI 0 0 0 0  
Not Designated for Hedge Accounting | Margin          
Derivatives, Fair Value [Line Items]          
Notional Amount 0   0   0
Derivative Assets 1,099   1,099   948
Derivative Liabilities 0   0   0
Net Derivatives 1,099   1,099   948
Net derivative gains (losses) 0   0    
Net investment income (loss) 0   0    
Interest credited to policyholders account balances 0   0    
Amount reclassified from (to) income to AOCI 0   0    
Not Designated for Hedge Accounting | Collateral          
Derivatives, Fair Value [Line Items]          
Notional Amount 0   0   0
Derivative Assets 137   137   144
Derivative Liabilities 22,778   22,778   20,776
Net Derivatives (22,641)   (22,641)   (20,632)
Net derivative gains (losses) 0   0    
Net investment income (loss) 0   0    
Interest credited to policyholders account balances 0   0    
Amount reclassified from (to) income to AOCI 0   0    
Not Designated for Hedge Accounting | Total embedded derivatives          
Derivatives, Fair Value [Line Items]          
Notional Amount 0   0   0
Derivative Assets 3   3   (1)
Derivative Liabilities 25,743   25,743   21,819
Net Derivatives (25,740)   (25,740)   (21,820)
Net derivative gains (losses) (7,960) (4,696) (5,529) (1,718)  
Net investment income (loss) 0 0 0 0  
Interest credited to policyholders account balances 0 0 0 0  
Amount reclassified from (to) income to AOCI 0 0 0 0  
Not Designated for Hedge Accounting | SCS, SIO, MSO and IUL Indexed Features          
Derivatives, Fair Value [Line Items]          
Notional Amount 0   0   0
Derivative Assets 0   0   0
Derivative Liabilities 25,743   25,743   21,819
Net Derivatives (25,743)   (25,743)   (21,819)
Net derivative gains (losses) (7,949) (4,696) (5,512) (1,718)  
Net investment income (loss) 0 0 0 0  
Interest credited to policyholders account balances 0 0 0 0  
Amount reclassified from (to) income to AOCI 0 0 0 0  
Not Designated for Hedge Accounting | Modco Payable          
Derivatives, Fair Value [Line Items]          
Notional Amount 0   0   0
Derivative Assets 3   3   (1)
Derivative Liabilities 0   0   0
Net Derivatives 3   3   $ (1)
Net derivative gains (losses) (11) 0 (17) 0  
Net investment income (loss) 0 0 0    
Interest credited to policyholders account balances 0 0 0 0  
Amount reclassified from (to) income to AOCI $ 0 $ 0 $ 0 $ 0