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Equity (Tables) | 12 Months Ended
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Dec. 31, 2024
Stockholders' Equity Note [Abstract] |
Rollforward of Common Stock Outstanding | The following table presents a rollforward of outstanding shares:
Years Ended December 31, | 2024 |  | 2023 |  | 2022
(in millions) | Common Stock Issued | Treasury Stock | Common Stock Outstanding |  | Common Stock Issued | Treasury Stock | Common Stock Outstanding |  | Common Stock Issued | Treasury Stock | Common Stock Outstanding
Shares, beginning of year | 1,906.7 |  | (1,217.9) |  | 688.8 |  |  | 1,906.7 |  | (1,172.6) |  | 734.1 |  |  | 1,906.7 |  | (1,088.0) |  | 818.7 |
Shares issued | — |  | 6.8 |  | 6.8 |  |  | — |  | 5.5 |  | 5.5 |  |  | — |  | 5.5 |  | 5.5 |
Shares repurchased | — |  | (89.5) |  | (89.5) |  |  | — |  | (50.8) |  | (50.8) |  |  | — |  | (90.1) |  | (90.1) |
Shares, end of year | 1,906.7 |  | (1,300.6) |  | 606.1 |  |  | 1,906.7 |  | (1,217.9) |  | 688.8 |  |  | 1,906.7 |  | (1,172.6) |  | 734.1 |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table presents a rollforward of Accumulated other comprehensive income (loss):
(in millions) | Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which Allowance for Credit Losses Was Taken | Unrealized Appreciation (Depreciation) of All Other Investments | Change in Fair Value of Market Risk Benefits Attributable to Changes in Our Own Credit Risk | Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts | Foreign Currency Translation Adjustments | Retirement Plan Liabilities Adjustment | Fair Value of Liabilities Under Fair Value Option Attributable to Changes in Our Own Credit Risk |  | Total
Balance, January 1, 2022, net of tax | $ | (48) |  | $ | 12,125 |  | $ | (1,496) |  | $ | (2,167) |  | $ | (2,446) |  | $ | (903) |  | $ | 6 |  | $ | 5,071 |
Change in unrealized appreciation (depreciation) of investments |  | (119) |  |  | (47,647) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (47,766) |
Change in other |  | — |  |  | (12) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (12) |
Change in fair value of market risk benefits, net |  | — |  |  | — |  |  | 1,635 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,635 |
Change in discount rates |  | — |  |  | — |  |  | — |  |  | 6,993 |  |  | — |  |  | — |  |  | — |  |  | 6,993 |
Change in future policy benefits |  | — |  |  | 1,805 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,805 |
Change in foreign currency translation adjustments |  | — |  |  | — |  |  | — |  |  | — |  |  | (593) |  |  | — |  |  | — |  |  | (593) |
Change in net actuarial loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (31) |  |  | — |  |  | (31) |
Change in prior service cost |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 8 |  |  | — |  |  | 8 |
Change in deferred tax asset (liability) |  | 25 |  |  | 7,446 |  |  | (341) |  |  | (1,449) |  |  | (20) |  |  | 3 |  |  | — |  |  | 5,664 |
Change in fair value of liabilities under fair value option attributable to changes in own credit risk |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (6) |  |  | (6) |
Total other comprehensive loss | (94) |  |  | (38,408) |  |  | 1,294 |  |  | 5,544 |  |  | (613) |  |  | (20) |  |  | (6) |  |  | (32,303) |
Add: Corebridge noncontrolling interests |  | — |  |  | 2,485 |  |  | 11 |  |  | (393) |  |  | 14 |  |  | (1) |  |  | — |  |  | 2,116 |
Less: Noncontrolling interests |  | (6) |  |  | (3,123) |  |  | 93 |  |  | 525 |  |  | 11 |  |  | — |  |  | — |  |  | (2,500) |
Balance, December 31, 2022, net of tax | $ | (136) |  | $ | (20,675) |  | $ | (284) |  | $ | 2,459 |  | $ | (3,056) |  | $ | (924) |  | $ | — |  | $ | (22,616) |
Change in unrealized appreciation (depreciation) of investments* |  | 30 |  |  | 8,410 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 8,440 |
Change in other |  | (10) |  |  | 52 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 42 |
Change in fair value of market risk benefits, net |  | — |  |  | — |  |  | (695) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (695) |
Change in discount rates |  | — |  |  | — |  |  | — |  |  | (1,045) |  |  | — |  |  | — |  |  | — |  |  | (1,045) |
Change in future policy benefits |  | — |  |  | (254) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (254) |
Change in foreign currency translation adjustments |  | — |  |  | — |  |  | — |  |  | — |  |  | 137 |  |  | — |  |  | — |  |  | 137 |
Change in net actuarial loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 143 |  |  | — |  |  | 143 |
Change in prior service cost |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Change in deferred tax asset (liability) |  | (6) |  |  | (1,074) |  |  | 151 |  |  | 174 |  |  | (35) |  |  | (42) |  |  | — |  |  | (832) |
Total other comprehensive income | 14 |  |  | 7,134 |  |  | (544) |  |  | (871) |  |  | 102 |  |  | 105 |  |  | — |  |  | 5,940 |
Add: Corebridge noncontrolling interests |  | 13 |  |  | 4,524 |  |  | 153 |  |  | (732) |  |  | (18) |  |  | (2) |  |  | — |  |  | 3,938 |
Less: Noncontrolling interests |  | (3) |  |  | 1,871 |  |  | (199) |  |  | (377) |  |  | 7 |  |  | — |  |  | — |  |  | 1,299 |
Balance, December 31, 2023, net of tax | $ | (106) |  | $ | (10,888) |  | $ | (476) |  | $ | 1,233 |  | $ | (2,979) |  | $ | (821) |  | $ | — |  | $ | (14,037) |
Change in unrealized appreciation (depreciation) of investments* |  | 95 |  |  | (1,551) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,456) |
Change in other |  | — |  |  | 18 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 18 |
Change in fair value of market risk benefits, net |  | — |  |  | — |  |  | 130 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 130 |
Change in discount rates |  | — |  |  | — |  |  | — |  |  | 946 |  |  | — |  |  | — |  |  | — |  |  | 946 |
Change in future policy benefits |  | — |  |  | (59) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (59) |
Change in foreign currency translation adjustments |  | — |  |  | — |  |  | — |  |  | — |  |  | (407) |  |  | — |  |  | — |  |  | (407) |
Change in net actuarial loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 63 |  |  | — |  |  | 63 |
Change in prior service cost |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Change in deferred tax asset (liability) |  | (20) |  |  | (70) |  |  | (28) |  |  | (165) |  |  | (45) |  |  | (18) |  |  | — |  |  | (346) |
Corebridge deconsolidation, net of tax |  | 42 |  |  | 8,513 |  |  | 330 |  |  | (1,583) |  |  | (88) |  |  | — |  |  | — |  |  | 7,214 |
Total other comprehensive income (loss) | 117 |  |  | 6,851 |  |  | 432 |  |  | (802) |  |  | (540) |  |  | 47 |  |  | — |  |  | 6,105 |
Add: Corebridge noncontrolling interests |  | 2 |  |  | 610 |  |  | 33 |  |  | (105) |  |  | (3) |  |  | — |  |  | — |  |  | 537 |
Less: Noncontrolling interests |  | 17 |  |  | (559) |  |  | (11) |  |  | 258 |  |  | (1) |  |  | — |  |  | — |  |  | (296) |
Balance, December 31, 2024, net of tax | $ | (4) |  | $ | (2,868) |  | $ | — |  | $ | 68 |  | $ | (3,521) |  | $ | (774) |  | $ | — |  | $ | (7,099) |
*Includes net unrealized gains and losses attributable to businesses held for sale or reclassified to discontinued operations at December 31, 2024 and 2023.
Schedule of Other Comprehensive Income (Loss) Reclassification Adjustments | The following table presents the other comprehensive income (loss) reclassification adjustments for the years ended December 31, 2024, 2023 and 2022, respectively:
(in millions) | Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which Allowance for Credit Losses Was Taken | Unrealized Appreciation (Depreciation) of All Other Investments | Change in Fair Value of Market Risk Benefits Attributable to Changes in Our Own Credit Risk | Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts | Foreign Currency Translation Adjustments | Retirement Plan Liabilities Adjustment | Fair Value of Liabilities Under Fair Value Option Attributable to Changes in Our Own Credit Risk |  | Total
Year Ended December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized change arising during year | $ | 95 |  | $ | (2,211) |  | $ | 130 |  | $ | 946 |  | $ | (407) |  | $ | 34 |  | $ | — |  | $ | (1,413) |
Less: Reclassification adjustments included in net income |  | (42) |  |  | (9,132) |  |  | (330) |  |  | 1,583 |  |  | 88 |  |  | (31) |  |  | — |  |  | (7,864) |
Total other comprehensive income (loss), before of income tax expense (benefit) |  | 137 |  |  | 6,921 |  |  | 460 |  |  | (637) |  |  | (495) |  |  | 65 |  |  | — |  |  | 6,451 |
Less: Income tax expense (benefit) |  | 20 |  |  | 70 |  |  | 28 |  |  | 165 |  |  | 45 |  |  | 18 |  |  | — |  |  | 346 |
Total other comprehensive income (loss), net of income tax expense (benefit) | $ | 117 |  | $ | 6,851 |  | $ | 432 |  | $ | (802) |  | $ | (540) |  | $ | 47 |  | $ | — |  | $ | 6,105 |
Year Ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized change arising during year | $ | (6) |  | $ | 7,172 |  | $ | (695) |  | $ | (1,045) |  | $ | 137 |  | $ | 118 |  | $ | — |  | $ | 5,681 |
Less: Reclassification adjustments included in net income |  | (26) |  |  | (1,036) |  |  | — |  |  | — |  |  | — |  |  | (29) |  |  | — |  |  | (1,091) |
Total other comprehensive income (loss), before income tax expense (benefit) |  | 20 |  |  | 8,208 |  |  | (695) |  |  | (1,045) |  |  | 137 |  |  | 147 |  |  | — |  |  | 6,772 |
Less: Income tax expense (benefit) |  | 6 |  |  | 1,074 |  |  | (151) |  |  | (174) |  |  | 35 |  |  | 42 |  |  | — |  |  | 832 |
Total other comprehensive income (loss), net of income tax expense (benefit) | $ | 14 |  | $ | 7,134 |  | $ | (544) |  | $ | (871) |  | $ | 102 |  | $ | 105 |  | $ | — |  | $ | 5,940 |
Year Ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized change arising during year | $ | (112) |  | $ | (47,043) |  | $ | 1,635 |  | $ | 6,993 |  | $ | (593) |  | $ | (53) |  | $ | (6) |  | $ | (39,179) |
Less: Reclassification adjustments included in net income |  | 7 |  |  | (1,189) |  |  | — |  |  | — |  |  | — |  |  | (30) |  |  | — |  |  | (1,212) |
Total other comprehensive income (loss), before income tax expense (benefit) |  | (119) |  |  | (45,854) |  |  | 1,635 |  |  | 6,993 |  |  | (593) |  |  | (23) |  |  | (6) |  |  | (37,967) |
Less: Income tax expense (benefit) |  | (25) |  |  | (7,446) |  |  | 341 |  |  | 1,449 |  |  | 20 |  |  | (3) |  |  | — |  |  | (5,664) |
Total other comprehensive income (loss), net of income tax expense (benefit) | $ | (94) |  | $ | (38,408) |  | $ | 1,294 |  | $ | 5,544 |  | $ | (613) |  | $ | (20) |  | $ | (6) |  | $ | (32,303) |
Schedule of Effect of the Reclassification of Significant Items out of Accumulated Other Comprehensive Income on the Respective Line Items in the Consolidated Statements of Income | The following table presents the effect of the reclassification of significant items out of AOCI on the respective line items in the Consolidated Statements of Income (Loss)(a):
| Amount Reclassified from AOCI |  | Affected Line Item in the
| Years Ended December 31, |  | Consolidated
(in millions) |  | 2024 |  | 2023 |  | 2022 |  | Statements of Income (Loss)
Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken |  |  |  |  |  |  |  |
Investments | $ | — |  | $ | (26) |  | $ | 7 |  |  | Net realized gains (losses)
Total |  | — |  |  | (26) |  |  | 7 |  |  |
Unrealized appreciation (depreciation) of all other investments |  |  |  |  |  |  |  |
Investments |  | (619) |  |  | (1,036) |  |  | (1,189) |  |  | Net realized gains (losses)
Total |  | (619) |  |  | (1,036) |  |  | (1,189) |  |  |
Change in retirement plan liabilities adjustment |  |  |  |  |  |  |  |
Prior-service credit |  | (2) |  |  | (2) |  |  | (2) |  |  | (b)
Actuarial losses |  | (29) |  |  | (27) |  |  | (28) |  |  | (b)
Total |  | (31) |  |  | (29) |  |  | (30) |  |  |
Corebridge deconsolidation, net of tax |  | (7,214) |  |  | — |  |  | — |  |  | (c)
Total reclassifications for the year | $ | (7,864) |  | $ | (1,091) |  | $ | (1,212) |  |  |
(a)The following items are not reclassified out of AOCI and included in the Consolidated Statements of Income (Loss) and thus have been excluded from the table: (a) Change in fair value of market risk benefits attributable to changes in our own credit risk and (b) Change in the discount rates used to measure traditional and limited-payment long-duration insurance contracts. (b)These AOCI components are included in the computation of net periodic pension cost. For additional information, see Note 20. (c)Represents adjustments related to the deconsolidation of Corebridge which is reflected in Income (loss) from discontinued operations, net of taxes. See the rollforward of Accumulated other comprehensive income (loss) above for further details.

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