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Liability for Future Policy Benefit (Details) - Life Policy Reserves - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Term Life Insurance      
Present value of expected net premiums:      
Balance, beginning of period $ 1,700 $ 1,643 $ 1,801
Beginning balance at original discount rate 1,712 1,708 1,503
Effect of changes in cash flow assumptions (12) (7) 123
Effect of actual variances from expected experience (20) (20) (1)
Adjusted beginning of period balance 1,680 1,681 1,625
Issuances 149 143 194
Interest accrual 74 72 65
Net premiums collected (184) (184) (176)
Ending balance at original discount rate 1,719 1,712 1,708
Effect of changes in discount rate assumptions (81) (12) (65)
Balance, end of period 1,638 1,700 1,643
Present value of expected future policy benefits:      
Balance, beginning of period 2,751 2,584 2,993
Beginning balance at original discount rate 2,765 2,692 2,425
Effect of changes in cash flow assumptions (29) 2 140
Effect of actual variances from expected experience (32) (24) 8
Adjusted beginning of period balance 2,704 2,670 2,573
Issuances 149 143 194
Interest accrual 125 121 112
Benefits paid (166) (169) (187)
Ending balance at original discount rate 2,812 2,765 2,692
Effect of changes in discount rate assumptions (144) (14) (108)
Balance, end of period 2,668 2,751 2,584
Net liability for future policy benefits:      
Present value of expected future policy benefits less expected net premiums 1,030 1,051 941
Impact of flooring at cohort level 21 15 20
Net life policy reserves 1,051 1,066 961
Less reinsurance recoverable at original discount rate (94) (97) (99)
Less effect of discount rate assumption changes on reinsurance recoverable (8) (10) (9)
Net life policy reserves, after reinsurance recoverable $ 949 $ 959 $ 853
Weighted-average duration of the net life policy reserves 11 years 11 years 11 years
Whole Life Insurance      
Present value of expected net premiums:      
Balance, beginning of period $ 223 $ 208 $ 241
Beginning balance at original discount rate 225 217 201
Effect of changes in cash flow assumptions 1 (7) (5)
Effect of actual variances from expected experience (4) 3 0
Adjusted beginning of period balance 222 213 196
Issuances 25 31 40
Interest accrual 10 9 8
Net premiums collected (29) (28) (27)
Ending balance at original discount rate 228 225 217
Effect of changes in discount rate assumptions (10) (2) (9)
Balance, end of period 218 223 208
Present value of expected future policy benefits:      
Balance, beginning of period 657 614 826
Beginning balance at original discount rate 628 607 577
Effect of changes in cash flow assumptions 0 (10) (7)
Effect of actual variances from expected experience (4) 3 (1)
Adjusted beginning of period balance 624 600 569
Issuances 25 30 40
Interest accrual 32 31 29
Benefits paid (35) (33) (31)
Ending balance at original discount rate 646 628 607
Effect of changes in discount rate assumptions (23) 29 7
Balance, end of period 623 657 614
Net liability for future policy benefits:      
Present value of expected future policy benefits less expected net premiums 405 434 406
Impact of flooring at cohort level 0 0 2
Net life policy reserves 405 434 408
Less reinsurance recoverable at original discount rate (25) (23) (25)
Less effect of discount rate assumption changes on reinsurance recoverable (3) (5) (5)
Net life policy reserves, after reinsurance recoverable $ 377 $ 406 $ 378
Weighted-average duration of the net life policy reserves 15 years 16 years 16 years