v3.26.1
Deferred Policy Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired - Schedule of Rollforward of Deferred Acquisition Costs and Value of Business Acquired (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
DAC          
Balance, beginning of period $ 2,455 $ 1,417 $ 2,270 $ 1,198  
Additions 197 316 437 570  
Amortization (56) (44) (111) (79)  
Net change 141 272 326 491  
Balance, end of period 2,596 1,689 2,596 1,689  
DSI          
Balance, beginning of period 1,224 528 1,114 393  
Additions 124 206 258 349  
Amortization (26) (11) (50) (19)  
Net change 98 195 208 330  
Balance, end of period 1,322 723 1,322 723  
VOBA          
Balance, beginning of period 7,936 8,718 8,129 8,913  
Amortization (189) (191) (382) (386)  
Balance, end of period 7,747 8,527 7,747 8,527  
Total DAC, DSI, and VOBA Asset 11,665 10,939 11,665 10,939 $ 11,513
Annuities          
DAC          
Balance, beginning of period 2,068 1,100 1,893 892  
Additions 187 289 412 525  
Amortization (50) (35) (100) (63)  
Net change 137 254 312 462  
Balance, end of period 2,205 1,354 2,205 1,354  
DSI          
Balance, beginning of period 1,224 528 1,114 393  
Additions 124 206 258 349  
Amortization (26) (11) (50) (19)  
Net change 98 195 208 330  
Balance, end of period 1,322 723 1,322 723  
VOBA          
Balance, beginning of period 7,876 8,654 8,068 8,848  
Amortization (188) (190) (380) (384)  
Balance, end of period 7,688 8,464 7,688 8,464  
Total DAC, DSI, and VOBA Asset 11,215 10,541 11,215 10,541  
Life Insurance          
DAC          
Balance, beginning of period 387 317 377 306  
Additions 10 27 25 45  
Amortization (6) (9) (11) (16)  
Net change 4 18 14 29  
Balance, end of period 391 335 391 335  
DSI          
Balance, beginning of period 0 0 0 0  
Additions 0 0 0 0  
Amortization 0 0 0 0  
Net change 0 0 0 0  
Balance, end of period 0 0 0 0  
VOBA          
Balance, beginning of period 60 64 61 65  
Amortization (1) (1) (2) (2)  
Balance, end of period 59 63 59 63  
Total DAC, DSI, and VOBA Asset $ 450 $ 398 $ 450 $ 398