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Related Party Transactions (Tables) | 12 Months Ended
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Dec. 31, 2023
Related Party Transactions [Abstract] |
Schedule of Related Party Transactions | The related party balances with Prismic and Prismic Re impacted the Company’s balance sheet as of the period indicated as follows:
| December 31, 2023
| (in millions)
Reinsurance recoverables and deposit receivables | $ | 9,752 |
Other assets | $ | 132 |
Reinsurance and funds withheld payables (includes $508 of embedded derivatives at fair value) | $ | 8,544 |
Accumulated other comprehensive income (loss) | $ | 335 |
The Company has agreed to guarantee Prismic Re's reimbursement obligations on letters of credit that may be obtained by Prismic Re from third-party financial institutions to support Prismic Re’s obligations under the reinsurance agreement with the Company for a total amount up to $2.0 billion as of December 31, 2023. See Note 25 for additional information on the Company’s guarantees and commitments. The related party activity with Prismic and Prismic Re impacted the Company’s results of operations and cash flows for the period indicated as follows:
| Year Ended December 31, 2023
| (in millions)
Premiums | $ | (4,811) |
Asset management and service fees | 10 |
Other income | 52 |
Realized investment gains(losses), net | (491) |
Policyholders’ benefits | (4,915) |
Change in estimates of liability for future policy benefits | 5 |
General and administrative expenses | 3 |
Income (loss) from related parties, before income taxes | (333) |
Other comprehensive income (loss), before tax | 335 |
Total comprehensive income (loss), before tax | $ | 2 |
| Year Ended December 31, 2023
| (in millions)
CASH FLOWS FROM OPERATING ACTIVITIES |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
Realized investment (gains) losses, net | $ | 491 |
Change in: |
Other, net | $ | (206) |
CASH FLOWS FROM FINANCING ACTIVITIES |
Other, net | $ | 3 |

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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