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Separate Account Assets and Liabilities (Tables)
 9 Months Ended
Sep. 30, 2025
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, 2025December 31, 2024
(in millions)
Variable annuities and variable universal life:
Mutual funds$78,143 $75,576 
Unitized pooled pension funds:
Property/real estate1,769 1,682 
Equity securities458 514 
Debt securities142 175 
Cash and cash equivalents115 120 
Other52 47 
Total$80,679 $78,114 
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, 2025
$65,737 $9,839 $2,538 $78,114 
Premiums and deposits732 390 122 1,244 
Policy charges(976)(240)(4)(1,220)
Surrenders and other benefits(5,367)(297)(429)(6,093)
Investment return7,026 1,245 126 8,397 
Net transfer from (to) general account27 27 — 54 
Other charges— — 183 183 
Balance at September 30, 2025
$67,179 $10,964 $2,536 $80,679 
Cash surrender value$65,985 $10,275 $2,536 $78,796 
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