XML 148 R134.htm IDEA: XBRL DOCUMENT v3.24.0.1
Deferred Policy Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired - Balance of and Changes in DAC (Details) - USD ($)
$ in Millions
12 Months Ended
Apr. 01, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]        
Balance, BOP   $ 20,546 [1] $ 19,763  
Amortization expense   1,459 1,433 [2] $ 1,482 [2]
Balance, EOP   20,856 20,546 [1] 19,763
Reclassified to assets held-for-sale       (1,210)
Total        
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]        
Balance, BOP   20,400 20,743 20,137
Capitalization   2,225 2,139 2,537
Amortization expense   (1,463) (1,465) (1,506)
Other adjustments   (369) (555) 41
Foreign currency adjustment   (165) (462) (466)
Balance, EOP   20,628 20,400 20,743
Other businesses        
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]        
Balance, BOP   146 230  
Balance, EOP   228 146 230
Individual Retirement Strategies | PALAC        
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]        
Reclassified to assets held-for-sale       (1,112)
Individual Retirement Strategies | PALAC | Deferred Policy Acquisition Cost        
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]        
Business Disposition $ (584)      
Full Service Retirement        
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]        
Reclassified to assets held-for-sale       (98)
Individual Variable | Retirement Strategies        
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]        
Balance, BOP   4,171 4,872 4,916
Capitalization   261 277 360
Amortization expense   (366) (401) (422)
Other adjustments   (390) (577) 18
Foreign currency adjustment   0 0 0
Balance, EOP   3,676 4,171 4,872
Term Life | Individual Life        
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]        
Balance, BOP   2,288 2,372 2,417
Capitalization   160 127 169
Amortization expense   (212) (211) (214)
Other adjustments   1 0 0
Foreign currency adjustment   0 0 0
Balance, EOP   2,237 2,288 2,372
Variable/ Universal Life | Individual Life        
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]        
Balance, BOP   5,000 4,679 4,229
Capitalization   608 556 682
Amortization expense   (244) (235) (232)
Other adjustments   0 0 0
Foreign currency adjustment   0 0 0
Balance, EOP   5,364 5,000 4,679
Life Planner | International Businesses        
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]        
Balance, BOP   4,710 4,685 4,615
Capitalization   586 579 654
Amortization expense   (326) (318) (329)
Other adjustments   20 22 23
Foreign currency adjustment   (81) (258) (278)
Balance, EOP   4,909 4,710 4,685
Gibraltar Life and Other | International Businesses        
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]        
Balance, BOP   4,231 4,135 3,960
Capitalization   610 600 672
Amortization expense   (315) (300) (309)
Other adjustments   0 0 0
Foreign currency adjustment   (84) (204) (188)
Balance, EOP   $ 4,442 $ 4,231 $ 4,135
[1] Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.
[2] Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.