v3.26.3
MARKET RISK BENEFITS - Changes in the Market Risk Benefits for Deferred Variable Annuities (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Retirement | GMxB Core        
Market Risk Benefit [Roll Forward]        
Balance, beginning of period $ 603 $ 653 $ 804 $ 496
Balance BOP before changes in the instrument specific credit risk 322 385 394 163
Model changes and effect of changes in cash flow assumptions (63) 45 (47) 38
Actual market movement effect 95 (200) (148) (302)
Interest accrual 15 14 45 39
Attributed fees accrued 101 101 308 304
Benefit payments (12) (10) (36) (33)
Actual policyholder behavior different from expected behavior 6 3 17 23
Changes in future economic assumptions (328) 9 (399) 114
Issuances (2) 0 0 1
Balance EOP before changes in the instrument specific credit risk 134 347 134 347
Changes in the instrument-specific credit risk 181 401 181 401
Balance, end of period $ 315 $ 748 $ 315 $ 748
Weighted-average age of policyholders (years) 67 years 66 years 1 month 6 days 67 years 66 years 1 month 6 days
Net amount at risk $ 3,046 $ 2,806 $ 3,046 $ 2,806
Corporate & Other | GMxB Legacy        
Market Risk Benefit [Roll Forward]        
Balance, beginning of period 7,356 8,812 8,633 10,508
Balance BOP before changes in the instrument specific credit risk 6,935 8,486 7,925 9,735
Model changes and effect of changes in cash flow assumptions 93 59 56 (1,277)
Actual market movement effect 192 (528) (523) (799)
Interest accrual 72 84 213 286
Attributed fees accrued 151 161 450 487
Benefit payments (235) (255) (762) (820)
Actual policyholder behavior different from expected behavior 11 8 52 50
Changes in future economic assumptions (1,112) 138 (1,304) 491
Issuances 0 0 0 0
Balance EOP before changes in the instrument specific credit risk 6,107 8,153 6,107 8,153
Changes in the instrument-specific credit risk 223 678 223 678
Balance, end of period $ 6,330 $ 8,831 $ 6,330 $ 8,831
Weighted-average age of policyholders (years) 74 years 8 months 12 days 74 years 1 month 6 days 74 years 8 months 12 days 74 years 1 month 6 days
Net amount at risk $ 13,825 $ 15,028 $ 13,825 $ 15,028
Corporate & Other | Purchased MRB        
Market Risk Benefit [Roll Forward]        
Balance, beginning of period (4,710) (5,541) (5,258) (7,372)
Balance BOP before changes in the instrument specific credit risk (4,705) (5,531) (5,263) (7,368)
Model changes and effect of changes in cash flow assumptions (63) (57) (8) 1,803
Actual market movement effect (67) 235 238 383
Interest accrual (48) (52) (137) (174)
Attributed fees accrued (41) (43) (130) (142)
Benefit payments 114 120 352 377
Actual policyholder behavior different from expected behavior (11) (6) (32) (20)
Changes in future economic assumptions 643 (82) 802 (275)
Issuances 0 0 0 0
Balance EOP before changes in the instrument specific credit risk (4,178) (5,416) (4,178) (5,416)
Changes in the instrument-specific credit risk (11) 3 (11) 3
Balance, end of period $ (4,189) $ (5,413) $ (4,189) $ (5,413)
Weighted-average age of policyholders (years) 74 years 1 month 6 days 73 years 7 months 6 days 74 years 1 month 6 days 73 years 7 months 6 days
Net amount at risk $ 6,202 $ 6,756 $ 6,202 $ 6,756
Corporate & Other | Net Legacy        
Market Risk Benefit [Roll Forward]        
Balance, beginning of period 2,646 3,271 3,375 3,136
Balance BOP before changes in the instrument specific credit risk 2,230 2,955 2,662 2,367
Model changes and effect of changes in cash flow assumptions 30 2 48 526
Actual market movement effect 125 (293) (285) (416)
Interest accrual 24 32 76 112
Attributed fees accrued 110 118 320 345
Benefit payments (121) (135) (410) (443)
Actual policyholder behavior different from expected behavior 0 2 20 30
Changes in future economic assumptions (469) 56 (502) 216
Issuances 0 0 0 0
Balance EOP before changes in the instrument specific credit risk 1,929 2,737 1,929 2,737
Changes in the instrument-specific credit risk 212 681 212 681
Balance, end of period $ 2,141 $ 3,418 $ 2,141 $ 3,418