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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Assets    
Available-for-sale fixed maturity securities, at fair value (net of allowance for credit losses of $43 and $30, respectively; amortized cost of $52,808 and $19,341, respectively) $ 52,597 $ 18,777
Equity securities, at fair value 2,804 3,663
Mortgage loans on real estate, at amortized cost (net of allowance for credit losses of $66 and $60, respectively) 12,444 5,962
Private loans, at amortized cost (net of allowance for credit loss of $56 and $30, respectively) 2,871 1,198
Investment real estate (net of accumulated depreciation of $258 and $325, respectively) 2,163 861
Real estate partnerships 4,502 3,110
Investment funds 3,403 2,483
Policy loans 401 390
Short-term investments 2,910 3,115
Other invested assets 1,022 279
Total investments 85,117 39,838
Cash and cash equivalents 14,335 4,308
Accrued investment income 781 280
Deferred policy acquisition costs, deferred sales inducements and value of business acquired 10,539 2,468
Reinsurance funds withheld 1,573 7,248
Premiums due and other receivables 725 711
Ceded unearned premiums 545 401
Deferred tax asset 700 432
Reinsurance recoverables and deposit assets 10,275 3,388
Property and equipment (net of accumulated depreciation of $352 and $340, respectively) 294 294
Intangible assets (net of accumulated amortization of $42 and $9, respectively) 1,777 235
Goodwill 751 121
Other assets 1,855 730
Separate account assets 1,266 1,189
Total assets 130,533 61,643
Liabilities    
Future policy benefits 10,920 9,813
Policyholders’ account balances 80,489 24,939
Policy and contract claims 7,397 7,288
Deposit liabilities 1,546 1,577
Market risk benefits 3,276 89
Unearned premium reserve 2,037 2,056
Other policyholder funds 343 335
Notes payable 657 174
Corporate borrowings 1,615 1,706
Subsidiary borrowings 2,846 1,863
Funds withheld for reinsurance liabilities 3,526 83
Separate account liabilities 1,266 1,189
Total liabilities 118,767 52,794
Mezzanine equity    
Class A redeemable junior preferred shares ($25 par value) 2,751 2,694
Equity    
Retained earnings 1,488 945
Accumulated other comprehensive income (loss) 382 (120)
Non-controlling interests 848 146
Total equity 9,015 6,155
Total liabilities, mezzanine equity and equity 130,533 61,643
Class A exchangeable, Class A-1 exchangeable and Class B shareholders    
Equity    
Common stock, carrying amount 1,571 1,577
Class C Shares    
Equity    
Common stock, carrying amount 4,726 3,607
Related Party    
Liabilities    
Due to related parties 734 564
Nonrelated Party    
Liabilities    
Other liabilities $ 2,115 $ 1,118