XML 87 R77.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Policyholder Account Balances, Future Policy Benefits and Claims - Balance of and Changes in Policyholder Account Balances (Details) - USD ($)
$ in Millions
 6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Policyholder Account Balance [Roll Forward]    
Beginning balance $ 27,947 $ 24,986
Contract deposits 2,480 3,884
Policy charges (204) (401)
Surrenders and other benefits (1,185) (2,382)
Net transfer from (to) separate account liabilities (71) (132)
Variable account index-linked adjustments 1,086 1,403
Interest credited 320 589
Ending balance 30,373 27,947
Variable Annuities    
Policyholder Account Balance [Roll Forward]    
Beginning balance 4,173 4,752
Contract deposits 19 73
Policy charges (7) (10)
Surrenders and other benefits (343) (759)
Net transfer from (to) separate account liabilities (16) (25)
Variable account index-linked adjustments 0 0
Interest credited 64 142
Ending balance $ 3,890 $ 4,173
Weighted-average crediting rate 3.30% 3.30%
Cash surrender value $ 3,866 $ 4,146
Structured Variable Annuities    
Policyholder Account Balance [Roll Forward]    
Beginning balance 10,742 6,410
Contract deposits 2,088 3,084
Policy charges (1) 0
Surrenders and other benefits (164) (156)
Net transfer from (to) separate account liabilities 0 0
Variable account index-linked adjustments 1,086 1,403
Interest credited 0 1
Ending balance $ 13,751 $ 10,742
Weighted-average crediting rate 1.80% 1.80%
Cash surrender value $ 13,008 $ 10,129
Fixed Annuities    
Policyholder Account Balance [Roll Forward]    
Beginning balance 5,982 6,799
Contract deposits 20 47
Policy charges 0 0
Surrenders and other benefits (474) (1,086)
Net transfer from (to) separate account liabilities 0 0
Variable account index-linked adjustments 0 0
Interest credited 104 222
Ending balance $ 5,632 $ 5,982
Weighted-average crediting rate 3.70% 3.60%
Cash surrender value $ 5,626 $ 5,974
Fixed Indexed Annuities    
Policyholder Account Balance [Roll Forward]    
Beginning balance 307 312
Contract deposits 0 0
Policy charges 0 0
Surrenders and other benefits (8) (10)
Net transfer from (to) separate account liabilities 0 0
Variable account index-linked adjustments 0 0
Interest credited 8 5
Ending balance $ 307 $ 307
Weighted-average crediting rate 2.00% 2.00%
Cash surrender value $ 279 $ 278
Non-Life Contingent Payout Annuities    
Policyholder Account Balance [Roll Forward]    
Beginning balance 444 471
Contract deposits 55 91
Policy charges 0 0
Surrenders and other benefits (59) (127)
Net transfer from (to) separate account liabilities 0 0
Variable account index-linked adjustments 0 0
Interest credited 5 9
Ending balance 445 444
Universal Life Insurance    
Policyholder Account Balance [Roll Forward]    
Beginning balance 1,474 1,544
Contract deposits 58 123
Policy charges (87) (176)
Surrenders and other benefits (31) (69)
Net transfer from (to) separate account liabilities 0 0
Variable account index-linked adjustments 0 0
Interest credited 25 52
Ending balance $ 1,439 $ 1,474
Weighted-average crediting rate 3.60% 3.60%
Net amount at risk $ 8,530 $ 8,740
Cash surrender value 1,305 1,330
Variable Universal Life Insurance    
Policyholder Account Balance [Roll Forward]    
Beginning balance 1,569 1,520
Contract deposits 151 272
Policy charges (46) (94)
Surrenders and other benefits (43) (78)
Net transfer from (to) separate account liabilities (55) (107)
Variable account index-linked adjustments 0 0
Interest credited 30 56
Ending balance $ 1,606 $ 1,569
Weighted-average crediting rate 3.90% 3.90%
Net amount at risk $ 57,078 $ 57,291
Cash surrender value 1,079 1,065
Indexed Universal Life Insurance    
Policyholder Account Balance [Roll Forward]    
Beginning balance 2,755 2,654
Contract deposits 89 193
Policy charges (63) (121)
Surrenders and other benefits (40) (53)
Net transfer from (to) separate account liabilities 0 0
Variable account index-linked adjustments 0 0
Interest credited 76 82
Ending balance $ 2,817 $ 2,755
Weighted-average crediting rate 2.30% 2.00%
Net amount at risk $ 13,970 $ 14,407
Cash surrender value 2,352 2,271
Other Life Insurance    
Policyholder Account Balance [Roll Forward]    
Beginning balance 501 524
Contract deposits 0 1
Policy charges 0 0
Surrenders and other benefits (23) (44)
Net transfer from (to) separate account liabilities 0 0
Variable account index-linked adjustments 0 0
Interest credited 8 20
Ending balance $ 486 $ 501
Weighted-average crediting rate 4.00% 4.00%
Net amount at risk $ 134 $ 141
Cash surrender value $ 314 $ 326