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Separate Account Assets and Liabilities (Tables)
 9 Months Ended
Sep. 30, 2024
Insurance [Abstract]  
Aggregate fair value of separate account assets, by major asset category
Aggregate fair value of separate account assets, by major asset category, consisted of the following:
September 30, 2024December 31, 2023
(in millions)
Variable annuities and variable universal life:
Mutual funds$78,631 $74,634 
Unitized pooled pension funds:
Property/real estate1,809 1,784 
Equity securities547 553 
Debt securities232 285 
Cash and cash equivalents135 147 
Other55 54 
Total$81,409 $77,457 
Balances of and changes in separate account liabilities
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 deposits676 365 139 1,180 
Policy charges(1,017)(229)(4)(1,250)
Surrenders and other benefits(5,111)(317)(463)(5,891)
Investment return8,281 1,288 149 9,718 
Net transfer from (to) general account18 43 — 61 
Other charges— — 134 134 
Balance at September 30, 2024
$68,686 $9,945 $2,778 $81,409 
Cash surrender value$67,277 $9,342 $2,778 $79,397 
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