v3.26.3
Contractholder Funds - Schedule of Balances and Changes in Contractholder Funds (Details)
$ in Millions
9 Months Ended 12 Months Ended
Sep. 30, 2026
USD ($)
Dec. 31, 2025
USD ($)
Policyholder Account Balance    
Gross liability, end of period $ 65,069 $ 62,726
Less: Reinsurance recoverable 21,938 17,545
Indexed annuities    
Policyholder Account Balance    
Balance, beginning of year 33,226 30,235
Issuances 5,570 6,714
Premiums received 21 31
Policy charge (181) (222)
Surrenders and withdrawals (3,013) (3,831)
Benefit payments (379) (536)
Interest credited 941 830
Other (10) 5
Balance, end of period 36,175 33,226
Issuances 5,570 6,714
Premiums received 21 31
Policy charge (181) (222)
Surrenders and withdrawals (3,013) (3,831)
Benefit payments (379) (536)
Interest credited 941 830
Other (10) 5
Reconciling items (493) 321
Gross liability, end of period 35,682 33,547
Less: Reinsurance recoverable 7,829 3,198
Net liability, after reinsurance $ 27,853 $ 30,349
Weighted-average crediting rate 3.68% 2.65%
Cash surrender value $ 33,637 $ 30,920
Fixed rate annuities    
Policyholder Account Balance    
Balance, beginning of year 19,265 17,442
Issuances 357 3,801
Premiums received 0 0
Policy charge 0 0
Surrenders and withdrawals (1,570) (2,485)
Benefit payments (296) (358)
Interest credited 669 866
Other 2 (1)
Balance, end of period 18,427 19,265
Issuances 357 3,801
Premiums received 0 0
Policy charge 0 0
Surrenders and withdrawals (1,570) (2,485)
Benefit payments (296) (358)
Interest credited 669 866
Other 2 (1)
Reconciling items 2 2
Gross liability, end of period 18,429 19,267
Less: Reinsurance recoverable 12,645 12,863
Net liability, after reinsurance $ 5,784 $ 6,404
Weighted-average crediting rate 4.85% 4.84%
Cash surrender value $ 18,428 $ 18,034
Universal life    
Policyholder Account Balance    
Balance, beginning of year 3,292 2,817
Issuances 170 229
Premiums received 507 593
Policy charge (315) (378)
Surrenders and withdrawals (113) (130)
Benefit payments (14) (21)
Interest credited 203 182
Other 0 0
Balance, end of period 3,730 3,292
Issuances 170 229
Premiums received 507 593
Policy charge (315) (378)
Surrenders and withdrawals (113) (130)
Benefit payments (14) (21)
Interest credited 203 182
Other 0 0
Reconciling items 102 115
Gross liability, end of period 3,832 3,407
Less: Reinsurance recoverable 878 887
Net liability, after reinsurance $ 2,954 $ 2,520
Weighted-average crediting rate 8.02% 6.13%
Net amount at risk $ 29,754 $ 29,581
Cash surrender value 2,887 2,533
FABN    
Policyholder Account Balance    
Balance, beginning of year 3,324 2,463
Issuances 750 1,148
Premiums received 0 0
Policy charge 0 0
Surrenders and withdrawals 0 0
Benefit payments (860) (395)
Interest credited 115 107
Other 0 1
Balance, end of period 3,329 3,324
Issuances 750 1,148
Premiums received 0 0
Policy charge 0 0
Surrenders and withdrawals 0 0
Benefit payments (860) (395)
Interest credited 115 107
Other 0 1
Reconciling items (41) 11
Gross liability, end of period 3,288 3,335
Less: Reinsurance recoverable 0 0
Net liability, after reinsurance 3,288 3,335
FHLB    
Policyholder Account Balance    
Balance, beginning of year 2,898 2,852
Issuances 2,375 2,241
Premiums received 0 0
Policy charge 0 0
Surrenders and withdrawals 0 0
Benefit payments (1,774) (2,298)
Interest credited 83 103
Other 0 0
Balance, end of period 3,582 2,898
Issuances 2,375 2,241
Premiums received 0 0
Policy charge 0 0
Surrenders and withdrawals 0 0
Benefit payments (1,774) (2,298)
Interest credited 83 103
Other 0 0
Reconciling items 0 0
Gross liability, end of period 3,582 2,898
Less: Reinsurance recoverable 25 0
Net liability, after reinsurance $ 3,557 $ 2,898