XML 232 R20.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Separate Account Assets and Liabilities | 12 Months Ended
--- | ---
Dec. 31, 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:
| December 31,
| 2024 |  | 2023
(in millions)
Variable annuities and variable universal life: |  |  |
Mutual funds | $ | 75,576 |  |  | $ | 74,634 |
Unitized pooled pension funds: |  |  |
Property/real estate | 1,682 |  |  | 1,784 |
Equity securities | 514 |  |  | 553 |
Debt securities | 175 |  |  | 285 |
Cash and cash equivalents | 120 |  |  | 147 |
Other | 47 |  |  | 54 |
Total | $ | 78,114 |  |  | $ | 77,457 |
No gains or losses were recognized on assets transferred to separate accounts for the years ended December 31, 2024, 2023 and 2022. The balances of and changes in separate account liabilities were as follows:
| Variable Annuities |  | Variable Universal Life |  | Unitized Pooled Pension Funds |  | Total
(in millions)
Balance at January 1, 2024 | $ | 65,839 |  |  | $ | 8,795 |  |  | $ | 2,823 |  |  | $ | 77,457 |
Premiums and deposits | 933 |  |  | 500 |  |  | 153 |  |  | 1,586 |
Policy charges | (1,365) |  |  | (307) |  |  | (5) |  |  | (1,677) |
Surrenders and other benefits | (6,990) |  |  | (412) |  |  | (594) |  |  | (7,996) |
Investment return | 7,293 |  |  | 1,199 |  |  | 202 |  |  | 8,694 |
Net transfer from (to) general account | 27 |  |  | 64 |  |  | — |  |  | 91 |
Other charges | — |  |  | — |  |  | (41) |  |  | (41) |
Balance at December 31, 2024 | $ | 65,737 |  |  | $ | 9,839 |  |  | $ | 2,538 |  |  | $ | 78,114 |
Cash surrender value | $ | 64,411 |  |  | $ | 9,220 |  |  | $ | 2,538 |  |  | $ | 76,169 |
| Variable Annuities |  | Variable Universal Life |  | Unitized Pooled Pension Funds |  | Total
(in millions)
Balance at January 1, 2023 | $ | 63,223 |  |  | $ | 7,653 |  |  | $ | 3,086 |  |  | $ | 73,962 |
Premiums and deposits | 835 |  |  | 459 |  |  | 194 |  |  | 1,488 |
Policy charges | (1,343) |  |  | (292) |  |  | (7) |  |  | (1,642) |
Surrenders and other benefits | (5,378) |  |  | (317) |  |  | (777) |  |  | (6,472) |
Investment return | 8,477 |  |  | 1,250 |  |  | 170 |  |  | 9,897 |
Net transfer from (to) general account | 25 |  |  | 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 |

X
- References No definition available. + Details
Name: | us-gaap_InsuranceAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for separate account. Includes, but is not limited to, extent and terms of minimum guarantee. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 80 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480109/944-80-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -SubTopic 80 -Topic 944 -Publisher FASB -URI https://asc.fasb.org/944-80/tableOfContent + Details
Name: | us-gaap_SeparateAccountTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration