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Deferred Acquisition Costs and Deferred Sales Inducement Costs (Tables) | 12 Months Ended
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Dec. 31, 2024
Deferred Charges, Insurers [Abstract] |
Schedule of balances of and changes in DAC | The following tables summarize the balances of and changes in DAC:
| Variable Annuities |  | Structured Variable Annuities |  | Fixed Annuities |  | Fixed Indexed Annuities |  | Universal Life Insurance |  | Variable Universal Life Insurance
| (in millions)
Balance at January 1, 2024 | $ | 1,496 |  |  | $ | 208 |  |  | $ | 35 |  |  | $ | 5 |  |  | $ | 110 |  |  | $ | 534 |
Capitalization of acquisition costs | 24 |  |  | 98 |  |  | — |  |  | — |  |  | — |  |  | 64 |
Amortization | (118) |  |  | (30) |  |  | (7) |  |  | (1) |  |  | (7) |  |  | (45) |
Balance at December 31, 2024 | $ | 1,402 |  |  | $ | 276 |  |  | $ | 28 |  |  | $ | 4 |  |  | $ | 103 |  |  | $ | 553 |
| Indexed Universal Life Insurance |  | Other Life Insurance |  | Life Contingent Payout Annuities |  | Term and Whole Life Insurance |  | Disability Income Insurance |  | Total, All Products
| (in millions)
Balance at January 1, 2024 | $ | 223 |  |  | $ | 2 |  |  | $ | 6 |  |  | $ | 17 |  |  | $ | 75 |  |  | $ | 2,711 |
Capitalization of acquisition costs | 3 |  |  | — |  |  | 5 |  |  | 2 |  |  | 3 |  |  | 199 |
Amortization | (16) |  |  | — |  |  | (1) |  |  | (2) |  |  | (8) |  |  | (235) |
Balance at December 31, 2024 | $ | 210 |  |  | $ | 2 |  |  | $ | 10 |  |  | $ | 17 |  |  | $ | 70 |  |  | $ | 2,675 |
Other broker dealer acquisition costs |  |  |  |  |  |  |  |  |  |  | 2 |
Balance at December 31, 2024 including broker dealer acquisition costs |  |  |  |  |  | $ | 2,677 |
| Variable Annuities |  | Structured Variable Annuities |  | Fixed Annuities |  | Fixed Indexed Annuities |  | Universal Life Insurance |  | Variable Universal Life Insurance
| (in millions)
Balance at January 1, 2023 | $ | 1,598 |  |  | $ | 149 |  |  | $ | 45 |  |  | $ | 6 |  |  | $ | 118 |  |  | $ | 521 |
Capitalization of acquisition costs | 23 |  |  | 83 |  |  | — |  |  | — |  |  | — |  |  | 57 |
Amortization | (125) |  |  | (24) |  |  | (10) |  |  | (1) |  |  | (8) |  |  | (44) |
Balance at December 31, 2023 | $ | 1,496 |  |  | $ | 208 |  |  | $ | 35 |  |  | $ | 5 |  |  | $ | 110 |  |  | $ | 534 |
| Indexed Universal Life Insurance |  | Other Life Insurance |  | Life Contingent Payout Annuities |  | Term and Whole Life Insurance |  | Disability Income Insurance |  | Total, All Products
| (in millions)
Balance at January 1, 2023 | $ | 236 |  |  | $ | 3 |  |  | $ | 2 |  |  | $ | 18 |  |  | $ | 79 |  |  | $ | 2,775 |
Capitalization of acquisition costs | 4 |  |  | — |  |  | 4 |  |  | 1 |  |  | 4 |  |  | 176 |
Amortization | (17) |  |  | (1) |  |  | — |  |  | (2) |  |  | (8) |  |  | (240) |
Balance at December 31, 2023 | $ | 223 |  |  | $ | 2 |  |  | $ | 6 |  |  | $ | 17 |  |  | $ | 75 |  |  | $ | 2,711 |
Other broker dealer acquisition costs |  |  |  |  |  |  |  |  |  |  | 2 |
Balance at December 31, 2023 including broker dealer acquisition costs |  |  |  |  |  | $ | 2,713 |
Schedule of balances of and changes in DSIC | The following tables summarize the balances of and changes in DSIC:
| Variable Annuities |  | Fixed Annuities |  |  |  | Total, All Products
| (in millions)
Balance at January 1, 2024 | $ | 136 |  |  | $ | 12 |  |  |  |  | $ | 148 |
Amortization | (14) |  |  | (2) |  |  |  |  | (16) |
Balance at December 31, 2024 | $ | 122 |  |  | $ | 10 |  |  |  |  | $ | 132 |
| Variable Annuities |  | Fixed Annuities |  |  |  | Total, All Products
| (in millions)
Balance at January 1, 2023 | $ | 151 |  |  | $ | 16 |  |  |  |  | $ | 167 |
Amortization | (15) |  |  | (4) |  |  |  |  | (19) |
Balance at December 31, 2023 | $ | 136 |  |  | $ | 12 |  |  |  |  | $ | 148 |

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