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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement of Comprehensive Income [Abstract]      
Net income $ 1,815 $ 2,365 $ 1,737
Other comprehensive income (loss) (“OCI”):      
Change in net unrealized gain (loss) on fixed maturities, available for sale ("AFS") (4,210) (1,218) 1,150
Change in unrealized losses on fixed maturities for which an allowance for credit losses ("ACL") has been recorded (5) 0 1
Change in net gain on cash flow hedging instruments 34 (6) 3
Change in foreign currency translation adjustments (10) (2) 9
Change in pension and other postretirement plan adjustments 143 228 (45)
OCI, net of tax (4,048) (998) 1,118
Comprehensive income (loss) $ (2,233) $ 1,367 $ 2,855