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Separate Account Assets and Liabilities
 6 Months Ended
Jun. 30, 2024
Insurance [Abstract]  
Separate Account Assets and Liabilities Separate Account Assets and Liabilities
Aggregate fair value of separate account assets, by major asset category, consisted of the following:
June 30, 2024December 31, 2023
(in millions)
Variable annuities and variable universal life:
Mutual funds$76,338 $74,634 
Unitized pooled pension funds:
Property/real estate1,726 1,784 
Equity securities558 553 
Debt securities223 285 
Cash and cash equivalents202 147 
Other51 54 
Total$79,098 $77,457 
The balances of and changes in separate account liabilities were as follows:
Variable AnnuitiesVariable Universal Life
Unitized Pooled Pension Funds
Total
(in millions)
Balance at January 1, 2024
$65,839 $8,795 $2,823 $77,457 
Premiums and deposits417 243 106 766 
Policy charges(663)(151)(3)(817)
Surrenders and other benefits(3,355)(203)(268)(3,826)
Investment return4,640 749 125 5,514 
Net transfer from (to) general account15 12 — 27 
Other charges— — (23)(23)
Balance at June 30, 2024
$66,893 $9,445 $2,760 $79,098 
Cash surrender value$65,434 $8,869 $2,760 $77,063 
Variable AnnuitiesVariable Universal Life
Unitized Pooled Pension Funds
Total
(in millions)
Balance at January 1, 2023
$63,223 $7,653 $3,086 $73,962 
Premiums and deposits835 459 194 1,488 
Policy charges(1,343)(292)(7)(1,642)
Surrenders and other benefits(5,378)(317)(777)(6,472)
Investment return8,477 1,250 170 9,897 
Net transfer from (to) general account25 42 — 67 
Other charges— — 157 157 
Balance at December 31, 2023
$65,839 $8,795 $2,823 $77,457 
Cash surrender value$64,280 $8,263 $2,823 $75,366