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Reinsurance (Reinsurance Amounts Included in the Consolidated Statements of Operations) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Reinsurance Disclosures [Abstract]      
Direct premiums $ 29,475 $ 34,721 $ 30,668
Reinsurance assumed 5,005 4,072 5,699
Reinsurance ceded (7,116) (2,318) (2,417)
Premiums [1] 27,364 36,475 [2] 33,950 [2]
Direct policy charges and fee income 3,933 3,916 4,750
Reinsurance assumed 1,228 1,247 1,204
Reinsurance ceded (634) (548) (521)
Policy charges and fee income 4,527 4,615 [2] 5,433 [2]
Direct change in value of market risk benefits, net of related hedging gains (losses) 123 (308) 3,645
Reinsurance assumed 120 21 84
Reinsurance ceded (187) (122) (132)
Change in value of market risk benefits, net of related hedging gains (losses) 56 (409) [2],[3] 3,597 [2],[3]
Direct policyholders’ benefits 32,044 38,081 34,425
Reinsurance assumed 7,128 5,900 6,896
Reinsurance ceded (8,241) (3,165) (3,330)
Policyholders’ benefits [1] 30,931 40,816 [2] 37,991 [2]
Direct change in estimates of liability for Future policy benefits 447 1,504 (66)
Reinsurance assumed (147) 471 (17)
Reinsurance ceded 37 (1,321) 48
Change in estimates of liability for future policy benefits [1] $ 337 $ 654 [2] $ (35) [2]
[1] See Note 24 for additional information regarding related party transactions.
[2] Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.
[3] Prior period amounts adjusted for the adoption of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.