v3.26.3
DERIVATIVES - Derivatives by Category (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
Derivatives, Fair Value [Line Items]          
Net derivative gains (losses) $ 20 $ (1,117) $ (1,455) $ (1,692)  
Net investment income (loss) 1,350 1,343 4,031 3,946  
Total derivative instruments          
Derivatives, Fair Value [Line Items]          
Notional Amount 152,946   152,946   $ 135,793
Derivative Assets 33,411   33,411   28,990
Derivative Liabilities 58,989   58,989   49,739
Net Derivatives (25,578)   (25,578)   (20,749)
Net derivative gains (losses) 20 (1,117) (1,455) (1,692)  
Net investment income (loss) 7 (8) (3) (4)  
Interest credited to policyholders account balances 6 12 31 (94)  
Amount reclassified from (to) income to AOCI 18 29 83 (167)  
Designated for Hedge Accounting | Cash Flow Hedge          
Derivatives, Fair Value [Line Items]          
Notional Amount 4,464   4,464   4,238
Derivative Assets 91   91   96
Derivative Liabilities 453   453   472
Net Derivatives (362)   (362)   (376)
Net derivative gains (losses) (2) 0 (1) 0  
Net investment income (loss) 7 (8) (3) (4)  
Interest credited to policyholders account balances 6 12 31 (94)  
Amount reclassified from (to) income to AOCI 18 29 83 (167)  
Designated for Hedge Accounting | Cash Flow Hedge | Currency swaps          
Derivatives, Fair Value [Line Items]          
Notional Amount 3,512   3,512   3,286
Derivative Assets 91   91   96
Derivative Liabilities 135   135   142
Net Derivatives (44)   (44)   (46)
Net derivative gains (losses) (2) 0 (1) 0  
Net investment income (loss) 6 (4) 17 11  
Interest credited to policyholders account balances 6 (12) (31) 94  
Amount reclassified from (to) income to AOCI (19) 38 35 (150)  
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 318   318   330
Net Derivatives (318)   (318)   (330)
Net derivative gains (losses) 0 0 0 0  
Net investment income (loss) 1 (4) (20) (15)  
Interest credited to policyholders account balances 0 0 0 0  
Amount reclassified from (to) income to AOCI 37 (9) 48 (17)  
Not Designated for Hedge Accounting          
Derivatives, Fair Value [Line Items]          
Notional Amount 148,482   148,482   131,555
Derivative Assets 33,313   33,313   28,895
Derivative Liabilities 32,249   32,249   27,448
Net Derivatives 1,064   1,064   1,447
Net derivative gains (losses) 1,531 2,644 5,584 3,787  
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) (1) 12 2 (75)  
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 573   573   601
Derivative Assets 1   1   0
Derivative Liabilities 42   42   18
Net Derivatives (41)   (41)   (18)
Net derivative gains (losses) (59) 4 (64) 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 | Futures          
Derivatives, Fair Value [Line Items]          
Notional Amount 17,695   17,695   15,052
Derivative Assets 4   4   1
Derivative Liabilities 0   0   0
Net Derivatives 4   4   1
Net derivative gains (losses) (90) 236 316 508  
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 17,605   17,605   18,290
Derivative Assets 342   342   61
Derivative Liabilities 218   218   47
Net Derivatives 124   124   14
Net derivative gains (losses) 194 (1,027) (1,397) (1,526)  
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 101,753   101,753   88,273
Derivative Assets 31,602   31,602   27,686
Derivative Liabilities 7,478   7,478   6,580
Net Derivatives 24,124   24,124   21,106
Net derivative gains (losses) 1,545 3,386 6,692 4,976  
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 101   101   34
Derivative Liabilities 0   0   0
Net Derivatives 101   101   34
Net derivative gains (losses) 10 24 67 24  
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 10,139   10,139   8,802
Derivative Assets 0   0   0
Derivative Liabilities 0   0  
Net Derivatives 0   0   0
Net derivative gains (losses) (70) 9 (35) (112)  
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 6   6   5
Derivative Liabilities 0   0   0
Net Derivatives 6   6   5
Net derivative gains (losses) 0 0 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 440   440   397
Derivative Assets 2   2   1
Derivative Liabilities 10   10   11
Net Derivatives (8)   (8)   (10)
Net derivative gains (losses) 0 (1) (2) (4)  
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 117   117   90
Derivative Assets 25   25   15
Derivative Liabilities 23   23   16
Net Derivatives 2   2   (1)
Net derivative gains (losses) 2 1 5 (5)  
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 1,087   1,087   948
Derivative Liabilities 0   0   0
Net Derivatives 1,087   1,087   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 140   140   144
Derivative Liabilities 24,478   24,478   20,776
Net Derivatives (24,338)   (24,338)   (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 7   7   (1)
Derivative Liabilities 26,287   26,287   21,819
Net Derivatives (26,280)   (26,280)   (21,820)
Net derivative gains (losses) (1,509) (3,761) (7,038) (5,479)  
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 26,287   26,287   21,819
Net Derivatives (26,287)   (26,287)   (21,819)
Net derivative gains (losses) (1,505) (3,750) (7,017) (5,468)  
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 7   7   (1)
Derivative Liabilities 0   0   0
Net Derivatives 7   7   $ (1)
Net derivative gains (losses) (4) (11) (21) (11)  
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