v3.26.1
MARKET RISK BENEFITS - Changes in the Market Risk Benefits for Deferred Variable Annuities (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Retirement | GMxB Core        
Market Risk Benefit [Roll Forward]        
Balance, beginning of period $ 806 $ 717 $ 804 $ 496
Balance BOP before changes in the instrument specific credit risk 576 495 394 163
Model changes and effect of changes in cash flow assumptions 16 (7) 16 (7)
Actual market movement effect (339) (173) (243) (102)
Interest accrual 14 10 30 25
Attributed fees accrued 110 109 207 203
Benefit payments (12) (12) (24) (23)
Actual policyholder behavior different from expected behavior 6 7 11 20
Changes in future economic assumptions (49) (42) (71) 105
Issuances 0 (2) 2 1
Balance EOP before changes in the instrument-specific credit risk 322 385 322 385
Changes in the instrument-specific credit risk 281 268 281 268
Balance, end of period $ 603 $ 653 $ 603 $ 653
Weighted-average age of policyholders (years) 66 years 9 months 18 days 65 years 10 months 24 days 66 years 9 months 18 days 65 years 10 months 24 days
Net amount at risk $ 2,799 $ 2,953 $ 2,799 $ 2,953
Corporate & Other | GMxB Legacy        
Market Risk Benefit [Roll Forward]        
Balance, beginning of period 8,335 9,505 8,633 10,508
Balance BOP before changes in the instrument specific credit risk 8,061 9,336 7,925 9,735
Model changes and effect of changes in cash flow assumptions 0 8 (37) (1,336)
Actual market movement effect (1,018) (620) (715) (271)
Interest accrual 66 96 141 202
Attributed fees accrued 150 161 299 326
Benefit payments (263) (285) (527) (565)
Actual policyholder behavior different from expected behavior 17 22 41 42
Changes in future economic assumptions (78) (232) (192) 353
Issuances 0 0 0 0
Balance EOP before changes in the instrument-specific credit risk 6,935 8,486 6,935 8,486
Changes in the instrument-specific credit risk 421 326 421 326
Balance, end of period $ 7,356 $ 8,812 $ 7,356 $ 8,812
Weighted-average age of policyholders (years) 74 years 7 months 6 days 74 years 74 years 7 months 6 days 74 years
Net amount at risk $ 13,628 $ 15,835 $ 13,628 $ 15,835
Corporate & Other | Purchased MRB        
Market Risk Benefit [Roll Forward]        
Balance, beginning of period (5,265) (5,973) (5,258) (7,372)
Balance BOP before changes in the instrument specific credit risk (5,256) (5,957) (5,263) (7,368)
Model changes and effect of changes in cash flow assumptions 0 5 55 1,860
Actual market movement effect 445 264 305 148
Interest accrual (43) (58) (89) (122)
Attributed fees accrued (37) (39) (89) (99)
Benefit payments 116 128 238 257
Actual policyholder behavior different from expected behavior (6) (14) (21) (14)
Changes in future economic assumptions 76 140 159 (193)
Issuances 0 0 0 0
Balance EOP before changes in the instrument-specific credit risk (4,705) (5,531) (4,705) (5,531)
Changes in the instrument-specific credit risk (5) (10) (5) (10)
Balance, end of period $ (4,710) $ (5,541) $ (4,710) $ (5,541)
Weighted-average age of policyholders (years) 74 years 73 years 4 months 24 days 74 years 73 years 4 months 24 days
Net amount at risk $ 6,145 $ 7,099 $ 6,145 $ 7,099
Corporate & Other | Net Legacy        
Market Risk Benefit [Roll Forward]        
Balance, beginning of period 3,070 3,532 3,375 3,136
Balance BOP before changes in the instrument specific credit risk 2,805 3,379 2,662 2,367
Model changes and effect of changes in cash flow assumptions 0 13 18 524
Actual market movement effect (573) (356) (410) (123)
Interest accrual 23 38 52 80
Attributed fees accrued 113 122 210 227
Benefit payments (147) (157) (289) (308)
Actual policyholder behavior different from expected behavior 11 8 20 28
Changes in future economic assumptions (2) (92) (33) 160
Issuances 0 0 0 0
Balance EOP before changes in the instrument-specific credit risk 2,230 2,955 2,230 2,955
Changes in the instrument-specific credit risk 416 316 416 316
Balance, end of period $ 2,646 $ 3,271 $ 2,646 $ 3,271