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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement of Comprehensive Income [Abstract]      
Net income $ 3,111 $ 2,504 $ 1,819
Other comprehensive income (loss) (“OCI”):      
Change in net unrealized gain (loss) on fixed maturities, available-for-sale ("AFS") (57) 1,112 (4,225)
Change in unrealized losses on fixed maturities with an allowance for credit losses ("ACL") 2 (1) (5)
Change in net gain on cash flow hedging instruments 19 (19) 34
Change in foreign currency translation adjustments (8) 6 (10)
Change in liability for future policy benefits adjustments 8 (10) 94
Change in pension and other postretirement plan adjustments (1) (96) 143
OCI, net of tax (37) 992 (3,969)
Comprehensive income (loss) $ 3,074 $ 3,496 $ (2,150)