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Changes in and Reclassifications From Accumulated Other Comprehensive Income (Loss) | 12 Months Ended
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Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Changes in and Reclassifications From Accumulated Other Comprehensive Income (Loss) | 17. CHANGES IN AND RECLASSIFICATIONS FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Changes in AOCI, Net of Tax for the Year Ended December 31, 2024
| Changes in
| Net Unrealized Gain (Loss) on Fixed Maturities, AFS | Unrealized Losses on Fixed Maturities, AFS with ACL | Net Gain (Loss) on Cash Flow Hedging Instruments | Foreign Currency Translation Adjustments | Liability for Future Policy Benefits Adjustments | Pension and Other Postretirement Plan Adjustments | AOCI, net of tax
Beginning balance | $ | (1,482) |  | $ | (8) |  | $ | 21 |  | $ | 37 |  | $ | 25 |  | $ | (1,442) |  | $ | (2,849) |
OCI before reclassifications | (241) |  | 2 |  | 27 |  | (10) |  | 10 |  | (34) |  | (246) |
Amounts reclassified from AOCI | 169 |  | 1 |  | (3) |  | — |  | — |  | 32 |  | 199 |
OCI, before tax | (72) |  | 3 |  | 24 |  | (10) |  | 10 |  | (2) |  | (47) |
Income tax benefit (expense) | 15 |  | (1) |  | (5) |  | 2 |  | (2) |  | 1 |  | 10 |
OCI, net of tax | (57) |  | 2 |  | 19 |  | (8) |  | 8 |  | (1) |  | (37) |
Ending balance | $ | (1,539) |  | $ | (6) |  | $ | 40 |  | $ | 29 |  | $ | 33 |  | $ | (1,443) |  | $ | (2,886) |
Changes in AOCI, Net of Tax for the Year Ended December 31, 2023
| Changes in
| Net Unrealized Gain (Loss) on Fixed Maturities, AFS | Unrealized Losses on Fixed Maturities, AFS with ACL | Net Gain (Loss) on Cash Flow Hedging Instruments | Foreign Currency Translation Adjustments | Liability for Future Policy Benefits Adjustments | Pension and Other Postretirement Plan Adjustments | AOCI, net of tax
Beginning balance | $ | (2,594) |  | $ | (7) |  | $ | 40 |  | $ | 31 |  | $ | 35 |  | $ | (1,346) |  | $ | (3,841) |
OCI before reclassifications | 1,275 |  | (5) |  | (25) |  | 8 |  | (13) |  | (148) |  | 1,092 |
Amounts reclassified from AOCI | 133 |  | 4 |  | 1 |  | — |  | — |  | 27 |  | 165 |
OCI, before tax | 1,408 |  | (1) |  | (24) |  | 8 |  | (13) |  | (121) |  | 1,257 |
Income tax benefit (expense) | (296) |  | — |  | 5 |  | (2) |  | 3 |  | 25 |  | (265) |
OCI, net of tax | 1,112 |  | (1) |  | (19) |  | 6 |  | (10) |  | (96) |  | 992 |
Ending balance | $ | (1,482) |  | $ | (8) |  | $ | 21 |  | $ | 37 |  | $ | 25 |  | $ | (1,442) |  | $ | (2,849) |
Changes in AOCI, Net of Tax for the Year ended December 31, 2022
| Changes in
| Net Unrealized Gain (Loss) on Fixed Maturities, AFS | Unrealized Losses on Fixed Maturities, AFS with ACL | Net Gain (Loss) on Cash Flow Hedging Instruments | Foreign Currency Translation Adjustments | Liability for Future Policy Benefits Adjustments | Pension and Other Postretirement Plan Adjustments | AOCI, net of tax
Beginning balance | $ | 1,631 |  | $ | (2) |  | $ | 6 |  | $ | 41 |  | $ | (59) |  | $ | (1,489) |  | $ | 128 |
OCI before reclassifications | (5,630) |  | (6) |  | 56 |  | (13) |  | 119 |  | 119 |  | (5,355) |
Amounts reclassified from AOCI | 282 |  | — |  | (13) |  | — |  | — |  | 62 |  | 331 |
OCI, before tax | (5,348) |  | (6) |  | 43 |  | (13) |  | 119 |  | 181 |  | (5,024) |
Income tax benefit (expense) | 1,123 |  | 1 |  | (9) |  | 3 |  | (25) |  | (38) |  | 1,055 |
OCI, net of tax | (4,225) |  | (5) |  | 34 |  | (10) |  | 94 |  | 143 |  | (3,969) |
Ending balance | $ | (2,594) |  | $ | (7) |  | $ | 40 |  | $ | 31 |  | $ | 35 |  | $ | (1,346) |  | $ | (3,841) |
Reclassifications from AOCI
AOCI | Amount Reclassified from AOCI | Affected Line Item in the Consolidated Statement of Operations
| For the year ended December 31, 2024 | For the year ended December 31, 2023 | For the year ended December 31, 2022 |
Net Unrealized Gain (Loss) on Fixed Maturities, AFS |  |  |  |
Fixed maturities, AFS | $ | (169) |  | $ | (133) |  | $ | (282) |  | Net realized gains (losses)
| (169) |  | (133) |  | (282) |  | Total before tax
| (35) |  | (28) |  | (59) |  | Income tax expense
| $ | (134) |  | $ | (105) |  | $ | (223) |  | Net income
Unrealized Loss on Fixed Maturities, AFS with ACL |  |  |  |
Fixed maturities, AFS | $ | (1) |  | $ | (4) |  | $ | — |  | Net realized gains (losses)
| (1) |  | (4) |  | — |  | Total before tax
| — |  | (1) |  | — |  | Income tax expense
| $ | (1) |  | $ | (3) |  | $ | — |  | Net income
Net Gain (Loss) on Cash Flow Hedging Instruments |  |  |  |
Interest rate swaps | $ | (25) |  | $ | (26) |  | $ | 6 |  | Net investment income
Interest rate swaps | 16 |  | 15 |  | (2) |  | Interest expense
Foreign currency swaps | 12 |  | 10 |  | 9 |  | Net investment income
| 3 |  | (1) |  | 13 |  | Total before tax
| 1 |  | — |  | 3 |  | Income tax expense
| $ | 2 |  | $ | (1) |  | $ | 10 |  | Net income
Pension and Other Postretirement Plan Adjustments |  |  |  |
Amortization of prior service credit | $ | 7 |  | $ | 7 |  | $ | 7 |  | Insurance operating costs and other expenses
Amortization of actuarial loss | (39) |  | (34) |  | (69) |  | Insurance operating costs and other expenses
| (32) |  | (27) |  | (62) |  | Total before tax
| (7) |  | — |  | (13) |  | Income tax expense
| (25) |  | (27) |  | (49) |  | Net income
Total amounts reclassified from AOCI | $ | (158) |  | $ | (136) |  | $ | (262) |  | Net income

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent + Details
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