XML 231 R217.htm IDEA: XBRL DOCUMENT v3.24.0.1
Related Party Transactions - The Initial and Ongoing Reinsurance Activity with Prismic Re of Cash Flows (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Realized investment gains(losses), net [1] $ 3,615 [2] $ 4,507 [3],[4] $ (2,115) [3],[4]
Other, net (4,390) [2],[5] (1,477) [4],[5] (1,903) [4]
CASH FLOWS FROM FINANCING ACTIVITIES      
Other, net (645) [2] $ (2,226) [6] $ 364
Related Party      
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Realized investment gains(losses), net 491    
Other, net (206)    
CASH FLOWS FROM FINANCING ACTIVITIES      
Other, net $ 3    
[1] See Note 24 for additional information regarding related party transactions.
[2] See Note 24 for additional information regarding related party transactions.
[3] Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.
[4] Prior period amounts adjusted for the adoption of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.
[5] The amount for the year ended December 31, 2022 includes the recognized gains on the sales of Prudential Annuities Life Assurance Corporation (“PALAC”) and the Full Service Retirement business, which were completed on April 1, 2022. See Note 1 for additional information regarding these dispositions.
[6] The amount for the year ended December 31, 2022 includes approximately $1.6 billion cash receipt from a secured borrowing related to the PALAC disposition, which was subsequently derecognized as part of a non-cash transaction during 2022 related to the novation of certain previously reinsured annuity products. See Note 1 for additional information.