XML 212 R198.htm IDEA: XBRL DOCUMENT v3.24.0.1
Equity (Net Unrealized Investment Gains (Losses) in AOCI on AFS Fixed Maturity Securities with OTTI, Allowance for Credit Losses and All Other Investments) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]      
Beginning balance [1] $ (3,806)    
Ending balance (6,504) [2] $ (3,806) [1]  
Net Unrealized Investment Gain (Loss) on AFS Fixed Maturity Securities With AllowancePre Tax      
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]      
Beginning balance (45) 23 $ (25)
Net investment gains (losses) on investments arising during the period 15 (90) 41
Reclassification adjustment for (gains) losses included in net income (3) 23 10
Reclassification due to allowance for credit losses recorded during the period     (3)
Reclassification due to allowance for credit losses recorded during the period (39) (1)  
Ending balance (72) (45) 23
Net unrealized gains (losses) on all other investments      
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]      
Beginning balance (24,959) 40,415 58,442
Cumulative effect of adoption of ASU 2018-12     (12)
Net investment gains (losses) on investments arising during the period 6,595 (65,938) (15,522)
Reclassification adjustment for (gains) losses included in net income 1,146 563 (2,496)
Reclassification due to allowance for credit losses recorded during the period     3
Reclassification due to allowance for credit losses recorded during the period 39 1  
Ending balance (17,179) (24,959) 40,415
Reinsurance Recoverables      
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]      
Beginning balance (703) 417 (1,229)
Cumulative effect of adoption of ASU 2018-12     1,809
Impact of net unrealized investment (gains) losses 219 (1,120) (163)
Ending balance (484) (703) 417
Future Policy Benefits, Policyholders’ Account Balances and Reinsurance Payables      
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]      
Beginning balance 1,946 (1,921) (6,588)
Cumulative effect of adoption of ASU 2018-12     3,725
Impact of net unrealized investment (gains) losses (640) 3,867 942
Ending balance 1,306 1,946 (1,921)
Policyholders' Dividends      
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]      
Beginning balance 3,194 (3,657) (5,892)
Impact of net unrealized investment (gains) losses (1,113) 6,851 2,235
Ending balance 2,081 3,194 (3,657)
Income Tax Benefit (Expense)      
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]      
Beginning balance 4,373 (8,637) (10,643)
Cumulative effect of adoption of ASU 2018-12     (1,354)
Net investment gains (losses) on investments arising during the period (1,327) 15,164 3,441
Reclassification adjustment for (gains) losses included in net income (229) (135) 553
Reclassification due to allowance for credit losses recorded during the period     0
Impact of net unrealized investment (gains) losses 318 (2,019) (634)
Reclassification due to allowance for credit losses recorded during the period 0 0  
Ending balance 3,135 4,373 (8,637)
Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses)      
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]      
Beginning balance (16,194) 26,640 34,065
Cumulative effect of adoption of ASU 2018-12     4,168
Net investment gains (losses) on investments arising during the period 5,283 (50,864) (12,040)
Reclassification adjustment for (gains) losses included in net income 914 451 (1,933)
Reclassification due to allowance for credit losses recorded during the period     0
Impact of net unrealized investment (gains) losses (1,216) 7,579 2,380
Reclassification due to allowance for credit losses recorded during the period 0 0  
Ending balance $ (11,213) $ (16,194) $ 26,640
[1] Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.
[2] See Note 24 for additional information regarding related party transactions.