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Market Risk Benefits (Tables) | 12 Months Ended
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Dec. 31, 2023
Insurance [Abstract] |
Market Risk Benefits In Asset and Liability Positions |
| January 1, 2021
| Market Risk Benefits(1)
| Retirement Strategies |  | Other Businesses |  | Total
| Individual Variable |  |
| (in millions)
Liability for guaranteed benefits recorded at fair value, prior to transition | $ | 18,731 |  |  | $ | 148 |  |  | $ | 18,879 |
AIR to be reclassified to MRBs, prior to transition, excluding amounts related to unrealized investment gains and losses | 824 |  |  | 140 |  |  | 964 |
Total liability prior to transition | 19,555 |  |  | 288 |  |  | 19,843 |
Change in reserve basis to MRB framework | 122 |  |  | 98 |  |  | 220 |
MRBs after transition, at current NPR value | 19,677 |  |  | 386 |  |  | 20,063 |
Less: Reinsured MRBs | 204 |  |  | 7 |  |  | 211 |
MRBs after transition, net of reinsurance | 19,473 |  |  | 379 |  |  | 19,852 |
MRBs after transition, at contract inception NPR value | 21,259 |  |  | 392 |  |  | 21,651 |
Cumulative change in NPR | 1,582 |  |  | 6 |  |  | 1,588 |
MRBs after transition, at current NPR value | $ | 19,677 |  |  | $ | 386 |  |  | $ | 20,063 |
__________ (1)For additional information regarding market risk benefits, see Note 14. The following table shows a rollforward of MRB balances for variable annuity products within Individual Retirement Strategies, which is the only line of business that contains a material MRB balance, along with a reconciliation to the Company’s total net MRB positions as of the following dates:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| (in millions)
Balance, BOP | $ | 4,987 |  |  | $ | 13,392 |  |  | $ | 19,677 |
Effect of cumulative changes in NPR | 1,828 |  |  | 898 |  |  | 1,582 |
Balance, BOP, before effect of changes in NPR | 6,815 |  |  | 14,290 |  |  | 21,259 |
Attributed fees collected | 1,186 |  |  | 1,339 |  |  | 1,637 |
Claims paid | (114) |  |  | (99) |  |  | (78) |
Interest accrual | 317 |  |  | 157 |  |  | 35 |
Actual in force different from expected | 80 |  |  | 126 |  |  | 22 |
Effect of changes in interest rates | (1,480) |  |  | (8,374) |  |  | (4,439) |
Effect of changes in equity markets | (1,952) |  |  | 3,522 |  |  | (3,816) |
Effect of assumption update | 342 |  |  | (152) |  |  | (330) |
Issuances | 23 |  |  | 0 |  |  | 0 |
Other adjustments(1) | (42) |  |  | (3,994) |  |  | 0 |
Balance, EOP, before effect of changes in NPR | 5,175 |  |  | 6,815 |  |  | 14,290 |
Effect of cumulative changes in NPR | (1,137) |  |  | (1,828) |  |  | (898) |
Balance, EOP | 4,038 |  |  | 4,987 |  |  | 13,392 |
Less: Reinsured MRBs | 616 |  |  | 24 |  |  | 109 |
Balance, EOP, net of reinsurance | 3,422 |  |  | 4,963 |  |  | 13,283 |
Other businesses | 64 |  |  | 101 |  |  | 288 |
Reclassified to “Assets and Liabilities held-for-sale”(2) | 0 |  |  | 0 |  |  | (4,340) |
Total net MRB balance | $ | 3,486 |  |  | $ | 5,064 |  |  | $ | 9,231 |
__________ (1)2022 includes $(4,061) million related to the sale of PALAC. See Note 1 for additional information. (2)2021 includes “Assets held-for-sale” of $(102) million and “Liabilities held-for-sale” of $(4,324) million related to the sale of PALAC and “Liabilities held-for-sale” of $(118) million related to the sale of Full Service (in Other businesses). The following table presents accompanying information to the rollforward table above.
| December 31, 2023 |  | December 31, 2022 |  | December 31, 2021
| ($ in millions)
Net amount at risk(1) | $ | 9,753 |  |  | $ | 13,180 |  |  | $ | 5,160 |
Weighted-average attained age of contractholders | 70 |  | 69 |  | 67
___________ (1)For contracts with multiple benefit features, the highest net amount at risk for each contract is included. The tables below reconcile MRB asset and liability positions as of the following dates:
| December 31, 2023 |  |
| Retirement Strategies |  |  |  |  |  |  |  |  |  |
| Individual Variable |  | Other Businesses |  | Total |  |  |  |  |  |
| (in millions)
MRB Assets | $ | 1,967 |  |  | $ | 14 |  |  | $ | 1,981 |  |  |  |  |  |  |
MRB Liabilities | 5,389 |  |  | 78 |  |  | 5,467 |  |  |  |  |  |  |
Net Liability | $ | 3,422 |  |  | $ | 64 |  |  | $ | 3,486 |  |  |  |  |  |  |
| December 31, 2022 |  |
| Retirement Strategies |  |  |  |  |  |  |  |  |  |
| Individual Variable |  | Other Businesses |  | Total |  |  |  |  |  |
| (in millions)
MRB Assets | $ | 787 |  |  | $ | 13 |  |  | $ | 800 |  |  |  |  |  |  |
MRB Liabilities | 5,750 |  |  | 114 |  |  | 5,864 |  |  |  |  |  |  |
Net Liability | $ | 4,963 |  |  | $ | 101 |  |  | $ | 5,064 |  |  |  |  |  |  |
| December 31, 2021 |  |
| Retirement Strategies |  |  |  |  |  |  |  |  |  |
| Individual Variable |  | Other Businesses |  | Total |  |  |  |  |  |
| (in millions)
MRB Assets(1) | $ | 927 |  |  | $ | 17 |  |  | $ | 944 |  |  |  |  |  |  |
MRB Liabilities(2) | 9,988 |  |  | 187 |  |  | 10,175 |  |  |  |  |  |  |
Net Liability | $ | 9,061 |  |  | $ | 170 |  |  | $ | 9,231 |  |  |  |  |  |  |
__________ (1)Excludes “Assets held-for-sale” of $(102) million, as described above. (2)Excludes “Liabilities held-for-sale” of $(4,442) million, as described above.

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- Definition Tabular disclosure of beginning balance to ending balance for contract or contract feature in long-duration contract issued by insurance entity that both protects contract holder from other-than-nominal capital market risk and exposes insurance entity to other-than-nominal capital market risk. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 55 -Paragraph 29G -Publisher FASB -URI https://asc.fasb.org//1943274/2147480046/944-40-55-29G Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 7B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480081/944-40-50-7B + Details
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