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Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2024

Stockholders' Equity Note [Abstract]

Schedule of amounts related to each component of OCI

The following tables present the amounts related to each component of OCI:

			Year Ended December 31, 2024
			Pretax						Income Tax Benefit (Expense)						Net of Tax
			(in millions)
Net unrealized gains (losses) on securities:
Net unrealized gains (losses) on securities arising during the period (1)			$	(303)					$	61					$	(242)
Reclassification of net (gains) losses on securities included in net income (2)			19						(4)						15
Impact of benefit reserves and reinsurance recoverables			20						(4)						16
Net unrealized gains (losses) on securities			(264)						53						(211)
Net unrealized gains (losses) on derivatives:
Reclassification of net (gains) losses on derivatives included in net income (3)			(1)						1						—
Net unrealized gains (losses) on derivatives			(1)						1						—
Effect of changes in discount rate assumptions on certain long-duration contracts			194						(41)						153
Effect of changes in instrument-specific credit risk on market risk benefits (“MRBs”)			(79)						17						(62)
Defined benefit plans:
Prior service credits (costs)			(2)						1						(1)
Net gains (losses)			19						(3)						16
Defined benefit plans			17						(2)						15
Foreign currency translation			(37)						—						(37)
Total other comprehensive income (loss)			$	(170)					$	28					$	(142)

			Year Ended December 31, 2023
			Pretax						Income Tax Benefit (Expense)						Net of Tax
			(in millions)
Net unrealized gains (losses) on securities:
Net unrealized gains (losses) on securities arising during the period (1)			$	1,038					$	(240)					$	798
Reclassification of net (gains) losses on securities included in net income (2)			29						(6)						23
Impact of benefit reserves and reinsurance recoverables			(24)						5						(19)
Net unrealized gains (losses) on securities			1,043						(241)						802
Net unrealized gains (losses) on derivatives:
Net unrealized gains (losses) on derivatives arising during the period			3						(1)						2
Reclassification of net (gains) losses on derivatives included in net income (3)			(1)						1						—
Net unrealized gains (losses) on derivatives			2						—						2
Effect of changes in discount rate assumptions on certain long-duration contracts			(69)						15						(54)
Effect of changes in instrument-specific credit risk on MRBs			(83)						18						(65)
Defined benefit plans:
Prior service credits (costs)			(1)						—						(1)
Net gains (losses)			20						(4)						16
Defined benefit plans			19						(4)						15
Foreign currency translation			79						1						80
Total other comprehensive income (loss)			$	991					$	(211)					$	780

			Year Ended December 31, 2022
			Pretax						Income Tax Benefit (Expense)						Net of Tax
			(in millions)
Net unrealized gains (losses) on securities:
Net unrealized gains (losses) on securities arising during the period (1)			$	(4,146)					$	918					$	(3,228)
Reclassification of net (gains) losses on securities included in net income (2)			85						(18)						67
Impact of benefit reserves and reinsurance recoverables			103						(18)						85
Net unrealized gains (losses) on securities			(3,958)						882						(3,076)
Net unrealized gains (losses) on derivatives:
Reclassification of net (gains) losses on derivatives included in net income (3)			(1)						—						(1)
Net unrealized gains (losses) on derivatives			(1)						—						(1)
Effect of changes in discount rate assumptions on certain long-duration contracts			1,095						(234)						861
Effect of changes in instrument-specific credit risk on MRBs			517						(110)						407
Defined benefit plans:
Prior service credits (costs)			(1)						—						(1)
Net gains (losses)			97						(20)						77
Defined benefit plans			96						(20)						76
Foreign currency translation			(216)						45						(171)
Total other comprehensive income (loss)			$	(2,467)					$	563					$	(1,904)

(1) Includes impairments on Available-for-Sale securities related to factors other than credit that were recognized in OCI during the period.

(2) Reclassification amounts are recorded in Net investment income.

(3) Reclassification amounts are recorded in Interest and debt expense.

Schedule of changes in the balances of each component of AOCI

The following table presents the changes in the balances of each component of AOCI, net of tax:

			Net Unrealized Gains (Losses) on Securities						Net Unrealized Gains (Losses) on Derivatives						Effect of Changes in Discount Rate Assumptions						Effect of Changes in Instrument-Specific Credit Risk on MRBs						Defined Benefit Plans						Foreign Currency Translation						Other						Total
			(in millions)
Balance at January 1, 2022			$	1,033					$	4					$	(933)					$	(427)					$	(151)					$	(167)					$	(1)					$	(642)
OCI before reclassifications			(3,143)						—						861						407						61						(171)						—						(1,985)
Amounts reclassified from AOCI			67						(1)						—						—						15						—						—						81
Total OCI			(3,076)						(1)						861						407						76						(171)						—						(1,904)
Balance at December 31, 2022			(2,043)						3						(72)						(20)						(75)						(338)						(1)						(2,546)
OCI before reclassifications			779						2						(54)						(65)						14						80						—						756
Amounts reclassified from AOCI			23						—						—						—						1						—						—						24
Total OCI			802						2						(54)						(65)						15						80						—						780
Balance at December 31, 2023			(1,241)						5						(126)						(85)						(60)						(258)						(1)						(1,766)
OCI before reclassifications			(226)						—						153						(62)						15						(37)						—						(157)
Amounts reclassified from AOCI			15						—						—						—						—						—						—						15
Total OCI			(211)						—						153						(62)						15						(37)						—						(142)
Balance at December 31, 2024			$	(1,452)					$	5					$	27					$	(147)					$	(45)					$	(295)					$	(1)					$	(1,908)

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

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Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 1
-Section 45
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