XML 263 R51.htm IDEA: XBRL DOCUMENT v3.25.0.1
Separate Account Assets and Liabilities (Tables)
 12 Months Ended
Dec. 31, 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:
December 31,
2024
2023
(in millions)
Variable annuities and variable universal life:
Mutual funds$75,576 $74,634 
Unitized pooled pension funds:
Property/real estate1,682 1,784 
Equity securities514 553 
Debt securities175 285 
Cash and cash equivalents120 147 
Other47 54 
Total$78,114 $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 deposits933 500 153 1,586 
Policy charges(1,365)(307)(5)(1,677)
Surrenders and other benefits(6,990)(412)(594)(7,996)
Investment return7,293 1,199 202 8,694 
Net transfer from (to) general account27 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 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