Derivatives (Effects on the Consolidated Statement of Operations and Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions |
3 Months Ended |
6 Months Ended |
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Net investment income (1) |
$ (6,702)
|
$ (5,661)
|
$ (12,057)
|
$ (10,546)
|
| Net investment gains (losses) |
(428)
|
(273)
|
(1,098)
|
(660)
|
| Gain (Loss) on Derivative Instruments, Net, Pretax |
772
|
796
|
698
|
364
|
| Policyholder Benefits and Claims Incurred, Net |
(11,335)
|
(10,767)
|
(23,199)
|
(22,573)
|
| Interest credited to PABs |
(3,067)
|
(2,400)
|
(4,741)
|
(4,047)
|
| Operating Expenses |
3,844
|
3,319
|
7,642
|
6,669
|
| Not Designated as Hedging Instrument [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Net investment income (1) |
4
|
9
|
(83)
|
(86)
|
| Net investment gains (losses) |
0
|
0
|
0
|
0
|
| Derivative, Gain (Loss) on Derivative, Net |
860
|
899
|
1,113
|
564
|
| Gain (Loss) on Derivative Instruments, Net, Pretax |
(177)
|
(106)
|
(277)
|
(216)
|
| Policyholder Benefits and Claims Incurred, Net |
(7)
|
(2)
|
(14)
|
(4)
|
| Interest credited to PABs |
(37)
|
(34)
|
(76)
|
(74)
|
| Operating Expenses |
0
|
0
|
0
|
0
|
| Other Comprehensive Income (Loss), before Tax |
0
|
0
|
0
|
0
|
| Fair Value Hedging [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Net investment income (1) |
0
|
1
|
0
|
1
|
| Net investment gains (losses) |
(1)
|
0
|
(1)
|
(1)
|
| Policyholder Benefits and Claims Incurred, Net |
(5)
|
(6)
|
(9)
|
(10)
|
| Interest credited to PABs |
(2)
|
(1)
|
(2)
|
(1)
|
| Operating Expenses |
0
|
0
|
0
|
0
|
| Other Comprehensive Income (Loss), before Tax |
(89)
|
|
(23)
|
|
| Cash Flow Hedging [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Net investment income (1) |
(1)
|
(7)
|
(3)
|
(26)
|
| Net investment gains (losses) |
(22)
|
4
|
(30)
|
6
|
| Derivative, Gain (Loss) on Derivative, Net |
0
|
0
|
0
|
0
|
| Interest credited to PABs |
0
|
0
|
0
|
0
|
| Operating Expenses |
0
|
0
|
0
|
0
|
| Other Comprehensive Income (Loss), before Tax |
(304)
|
(2,138)
|
381
|
(2,283)
|
| Net Investment Hedging [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Net investment gains (losses) |
0
|
0
|
0
|
0
|
| Other Comprehensive Income (Loss), before Tax |
45
|
(80)
|
117
|
(166)
|
| Foreign Exchange Forward [Member] | Net Investment Hedging [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Other Comprehensive Income (Loss), before Tax |
|
|
|
(143)
|
| Synthetic GICs [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Gain (Loss) on Derivative Instruments, Net, Pretax |
(20)
|
(21)
|
(39)
|
(40)
|
| Foreign currency hedged item [Member] | Cash Flow Hedging [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Net investment income (1) |
0
|
0
|
0
|
0
|
| Net investment gains (losses) |
110
|
(1,091)
|
350
|
(1,449)
|
| Derivative, Gain (Loss) on Derivative, Net |
0
|
0
|
0
|
0
|
| Policyholder Benefits and Claims Incurred, Net |
0
|
0
|
0
|
0
|
| Interest credited to PABs |
0
|
0
|
0
|
0
|
| Operating Expenses |
0
|
0
|
0
|
0
|
| Other Comprehensive Income (Loss), before Tax |
0
|
0
|
0
|
0
|
| Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Net investment gains (losses) |
0
|
0
|
0
|
0
|
| Other Comprehensive Income (Loss), before Tax |
40
|
(71)
|
108
|
|
| Interest rate contracts | Cash Flow Hedging [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Net investment income (1) |
(1)
|
(6)
|
(2)
|
(23)
|
| Net investment gains (losses) |
(16)
|
9
|
(15)
|
9
|
| Derivative, Gain (Loss) on Derivative, Net |
0
|
0
|
0
|
0
|
| Policyholder Benefits and Claims Incurred, Net |
0
|
0
|
0
|
0
|
| Interest credited to PABs |
0
|
0
|
0
|
0
|
| Operating Expenses |
0
|
0
|
0
|
0
|
| Other Comprehensive Income (Loss), before Tax |
15
|
(15)
|
13
|
(32)
|
| Credit forwards [Member] | Cash Flow Hedging [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Net investment income (1) |
0
|
0
|
0
|
0
|
| Net investment gains (losses) |
0
|
0
|
0
|
0
|
| Derivative, Gain (Loss) on Derivative, Net |
0
|
0
|
0
|
0
|
| Policyholder Benefits and Claims Incurred, Net |
0
|
0
|
0
|
0
|
| Interest credited to PABs |
0
|
0
|
0
|
0
|
| Operating Expenses |
0
|
0
|
0
|
0
|
| Other Comprehensive Income (Loss), before Tax |
0
|
0
|
0
|
0
|
| Currency Swap [Member] | Cash Flow Hedging [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Net investment income (1) |
0
|
(1)
|
(1)
|
(3)
|
| Net investment gains (losses) |
(116)
|
1,086
|
(365)
|
1,446
|
| Derivative, Gain (Loss) on Derivative, Net |
0
|
0
|
0
|
0
|
| Policyholder Benefits and Claims Incurred, Net |
0
|
0
|
0
|
0
|
| Interest credited to PABs |
0
|
0
|
0
|
0
|
| Operating Expenses |
0
|
0
|
0
|
0
|
| Other Comprehensive Income (Loss), before Tax |
116
|
(1,087)
|
364
|
(1,449)
|
| Derivative [Member] | Fair Value Hedging [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Net investment income (1) |
0
|
0
|
0
|
0
|
| Net investment gains (losses) |
0
|
(1)
|
0
|
(4)
|
| Policyholder Benefits and Claims Incurred, Net |
0
|
0
|
0
|
0
|
| Interest credited to PABs |
0
|
0
|
0
|
0
|
| Operating Expenses |
0
|
0
|
0
|
0
|
| Derivative [Member] | Interest rate swaps | Fair Value Hedging [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Net investment income (1) |
1
|
0
|
1
|
(1)
|
| Net investment gains (losses) |
0
|
0
|
0
|
0
|
| Policyholder Benefits and Claims Incurred, Net |
33
|
(2)
|
39
|
(77)
|
| Interest credited to PABs |
(27)
|
(11)
|
(41)
|
(53)
|
| Operating Expenses |
0
|
0
|
0
|
0
|
| Derivative [Member] | Currency Swap [Member] | Fair Value Hedging [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Net investment income (1) |
78
|
(18)
|
54
|
28
|
| Net investment gains (losses) |
(2)
|
5
|
(2)
|
13
|
| Policyholder Benefits and Claims Incurred, Net |
0
|
0
|
0
|
0
|
| Interest credited to PABs |
0
|
(87)
|
(7)
|
(123)
|
| Operating Expenses |
0
|
0
|
0
|
0
|
| Debt Securities [Member] | Interest rate swaps | Fair Value Hedging [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Net investment income (1) |
1
|
0
|
1
|
(1)
|
| Net investment gains (losses) |
0
|
0
|
0
|
0
|
| Policyholder Benefits and Claims Incurred, Net |
28
|
(8)
|
30
|
(87)
|
| Interest credited to PABs |
(26)
|
(12)
|
(40)
|
(52)
|
| Operating Expenses |
0
|
0
|
0
|
0
|
| Debt Securities [Member] | Currency Swap [Member] | Fair Value Hedging [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Net investment income (1) |
78
|
(17)
|
54
|
(27)
|
| Net investment gains (losses) |
1
|
(4)
|
1
|
(10)
|
| Policyholder Benefits and Claims Incurred, Net |
0
|
0
|
0
|
0
|
| Interest credited to PABs |
(3)
|
(87)
|
(10)
|
(123)
|
| Operating Expenses |
0
|
0
|
0
|
0
|
| Non-derivative [Domain] [Member] | Net Investment Hedging [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Other Comprehensive Income (Loss), before Tax |
5
|
(9)
|
9
|
(23)
|
| Accumulated Other Comprehensive Income (Loss) | Credit forwards [Member] | Cash Flow Hedging [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Other Comprehensive Income (Loss), before Tax |
0
|
0
|
0
|
0
|
| Accumulated Other Comprehensive Income (Loss) | Currency Swap [Member] | Cash Flow Hedging [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Other Comprehensive Income (Loss), before Tax |
(339)
|
(801)
|
110
|
(680)
|
| Accumulated Other Comprehensive Income (Loss) | Derivative [Member] | Fair Value Hedging [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Other Comprehensive Income (Loss), before Tax |
(89)
|
|
(23)
|
|
| Accumulated Other Comprehensive Income (Loss) | Interest rate swaps | Cash Flow Hedging [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Other Comprehensive Income (Loss), before Tax |
(96)
|
(235)
|
(106)
|
(122)
|
| Foreign Exchange [Member] | Not Designated as Hedging Instrument [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Net investment income (1) |
0
|
0
|
0
|
0
|
| Derivative, Gain (Loss) on Derivative, Net |
336
|
317
|
381
|
72
|
| Credit derivatives — purchased | Not Designated as Hedging Instrument [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Net investment income (1) |
0
|
0
|
0
|
0
|
| Derivative, Gain (Loss) on Derivative, Net |
6
|
6
|
1
|
15
|
| Credit derivatives — written | Not Designated as Hedging Instrument [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Net investment income (1) |
0
|
0
|
0
|
0
|
| Derivative, Gain (Loss) on Derivative, Net |
(65)
|
(38)
|
(3)
|
(11)
|
| Equity Market Risk [Member] | Not Designated as Hedging Instrument [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Net investment income (1) |
48
|
28
|
32
|
(11)
|
| Derivative, Gain (Loss) on Derivative, Net |
480
|
441
|
531
|
382
|
| Interest Rate Risk [Member] | Not Designated as Hedging Instrument [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Net investment income (1) |
0
|
0
|
0
|
0
|
| Derivative, Gain (Loss) on Derivative, Net |
202
|
272
|
294
|
174
|
| Foreign currency hedged item [Member] | Not Designated as Hedging Instrument [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Net investment income (1) |
0
|
0
|
0
|
0
|
| Derivative, Gain (Loss) on Derivative, Net |
(99)
|
(99)
|
(91)
|
(68)
|
| Income Statement Location [Axis]: us-gaap:DescriptionOfEmbeddedDerivative |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Gain (Loss) on Derivative Instruments, Net, Pretax |
123
|
2
|
106
|
(1)
|
| Income Statement Location [Axis]: us-gaap:EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Gain (Loss) on Derivative Instruments, Net, Pretax |
(14)
|
22
|
(205)
|
57
|
| Effects of Derivatives on Consolidated Statements of Operations and Comprehensive Income (Loss) [Member] |
|
|
|
|
| Derivative Instruments, Gain (Loss) [Line Items] |
|
|
|
|
| Net investment income (1) |
51
|
31
|
(54)
|
(100)
|
| Net investment gains (losses) |
(23)
|
4
|
(31)
|
5
|
| Derivative, Gain (Loss) on Derivative, Net |
772
|
796
|
698
|
|
| Gain (Loss) on Derivative Instruments, Net, Pretax |
|
|
|
364
|
| Policyholder Benefits and Claims Incurred, Net |
(2)
|
4
|
(5)
|
6
|
| Interest credited to PABs |
35
|
35
|
74
|
73
|
| Operating Expenses |
0
|
0
|
0
|
0
|
| Other Comprehensive Income (Loss), before Tax |
$ (348)
|
$ (2,218)
|
$ 475
|
$ (2,449)
|