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Fair Value of Financial Instruments - Changes to Fair Value of Financial Instruments Level 3 (Detail) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2018
Fixed maturity securities available-for-sale:          
Balance at Beginning of Period $ 3,467 $ 15 $ 3,267 $ 138  
F&G Acquisition   2,754   2,754  
Assets, Total Gains (Losses) Included in Earnings 4 0 14 (64)  
Assets, Total Gains (Losses) Included in AOCI 30 22 (30) 22  
Assets, Purchases 1,138 92 1,542 92  
Assets, Sales (8) 0 (8) 0  
Assets, Settlements (205) (23) (345) (23)  
Assets, Net transfer In (Out) of Level 3 (26) 60 (40) 1  
Balance at End of Period 4,400 2,920 4,400 2,920  
Change in Unrealized Gains (Losses) Incl in OCI 33 25 82 25  
Liabilities          
Balance at Beginning of Period 3,297 0 3,409 0  
F&G Acquisition   2,857   2,857  
Liabilities, Total Gains (Losses) Included in Earnings 466 100 355 100  
Liabilities, Total Gains (Losses) Included in AOCI 0 0 0 0  
Liabilities, Purchases 0 0 0 0  
Liabilities, Sales (4) 0 (4) 0  
Liabilities, Settlements 0 0 (1) 0  
Liabilities, Net transfer In (Out) of Level 3 0 0 0 0  
Balance at End of Period 3,759 2,957 3,759 2,957  
Change in Unrealized Gains (Losses) Incl in OCI 0 0 0 0  
Future policy benefits          
Liabilities          
Balance at Beginning of Period 4 0   0  
F&G Acquisition   5   5  
Liabilities, Total Gains (Losses) Included in Earnings 0 0   0  
Liabilities, Total Gains (Losses) Included in AOCI 0 0   0  
Liabilities, Purchases 0 0   0  
Liabilities, Sales 4 0   0  
Liabilities, Settlements 0 0   0  
Liabilities, Net transfer In (Out) of Level 3 0 0   0  
Balance at End of Period 0 5 0 5  
Change in Unrealized Gains (Losses) Incl in OCI 0 0   0  
FIA embedded derivatives, included in contractholder funds          
Liabilities          
Balance at Beginning of Period 3,293 0 3,404 0  
F&G Acquisition   2,852   2,852  
Liabilities, Total Gains (Losses) Included in Earnings 466 100 355 100  
Liabilities, Total Gains (Losses) Included in AOCI 0 0 0 0  
Liabilities, Purchases 0 0 0 0  
Liabilities, Sales 0 0 0 0  
Liabilities, Settlements 0 0 0 0  
Liabilities, Net transfer In (Out) of Level 3 0 0 0 0  
Balance at End of Period 3,759 2,952 3,759 2,952  
Change in Unrealized Gains (Losses) Incl in OCI   0 0 0  
Asset-backed securities          
Fixed maturity securities available-for-sale:          
Balance at Beginning of Period 1,593 0 1,350 0  
F&G Acquisition   854   854  
Assets, Total Gains (Losses) Included in Earnings 0 0 0 0  
Assets, Total Gains (Losses) Included in AOCI 20 9 (3) 9  
Assets, Purchases 813 91 1,171 91  
Assets, Sales 0 0 0 0  
Assets, Settlements (90) (5) (182) (5)  
Assets, Net transfer In (Out) of Level 3 (27) 67 (27) 67  
Balance at End of Period 2,309 1,016 2,309 1,016  
Change in Unrealized Gains (Losses) Incl in OCI 18 9 14 9  
Commercial mortgage-backed securities          
Fixed maturity securities available-for-sale:          
Balance at Beginning of Period 25 0 26 0  
F&G Acquisition   26   26  
Assets, Total Gains (Losses) Included in Earnings 0 0 0 0  
Assets, Total Gains (Losses) Included in AOCI 0 0 (1) 0  
Assets, Purchases 0 0 0 0  
Assets, Sales 0 0 0 0  
Assets, Settlements 0 0 0 0  
Assets, Net transfer In (Out) of Level 3 0 0 0 0  
Balance at End of Period 25 26 25 26  
Change in Unrealized Gains (Losses) Incl in OCI 0 0 1 0  
Corporates          
Fixed maturity securities available-for-sale:          
Balance at Beginning of Period 1,247 14 1,289 17  
F&G Acquisition   1,238   1,238  
Assets, Total Gains (Losses) Included in Earnings 2 0 9 (3)  
Assets, Total Gains (Losses) Included in AOCI 16 26 (26) 26  
Assets, Purchases 18 0 57 0  
Assets, Sales (7) 0 (8) 0  
Assets, Settlements (76) (14) (107) (14)  
Assets, Net transfer In (Out) of Level 3 1 0 (13) 0  
Balance at End of Period 1,201 1,264 1,201 1,264  
Change in Unrealized Gains (Losses) Incl in OCI 18 26 37 26  
Hybrids          
Fixed maturity securities available-for-sale:          
Balance at Beginning of Period   0 4 0  
F&G Acquisition   4   4  
Assets, Total Gains (Losses) Included in Earnings   0 0 0  
Assets, Total Gains (Losses) Included in AOCI   0 0 0  
Assets, Purchases   0 0 0  
Assets, Sales   0 0 0  
Assets, Settlements   0 (4) 0  
Assets, Net transfer In (Out) of Level 3   0 0 0  
Balance at End of Period 0 4 0 4  
Change in Unrealized Gains (Losses) Incl in OCI   0 0 0  
Municipals          
Fixed maturity securities available-for-sale:          
Balance at Beginning of Period 41 0 43 0  
F&G Acquisition   38   38  
Assets, Total Gains (Losses) Included in Earnings 0 0 0 0  
Assets, Total Gains (Losses) Included in AOCI 2 2 0 2  
Assets, Purchases 0 0 0 0  
Assets, Sales 0 0 0 0  
Assets, Settlements 0 0 0 0  
Assets, Net transfer In (Out) of Level 3 0 0 0 0  
Balance at End of Period 43 40 43 40  
Change in Unrealized Gains (Losses) Incl in OCI 3 3 7 3  
Residential mortgage-backed securities          
Fixed maturity securities available-for-sale:          
Balance at Beginning of Period 487 0 483 0  
F&G Acquisition   534   534  
Assets, Total Gains (Losses) Included in Earnings 0 0 0 0  
Assets, Total Gains (Losses) Included in AOCI (10) (15) 2 (15)  
Assets, Purchases 5 1 10 1  
Assets, Sales 0 0 0 0  
Assets, Settlements (39) (4) (52) (4)  
Assets, Net transfer In (Out) of Level 3 0 (7) 0 (7)  
Balance at End of Period 443 509 443 509  
Change in Unrealized Gains (Losses) Incl in OCI (6) (13) 21 (13)  
Foreign Governments          
Fixed maturity securities available-for-sale:          
Balance at Beginning of Period 17 0 17 0  
F&G Acquisition   16   16  
Assets, Total Gains (Losses) Included in Earnings 0 0 0 0  
Assets, Total Gains (Losses) Included in AOCI 0 0 0 0  
Assets, Purchases 0 0 0 0  
Assets, Sales 0 0 0 0  
Assets, Settlements 0 0 0 0  
Assets, Net transfer In (Out) of Level 3 0 0 0 0  
Balance at End of Period 17 16 17 16  
Change in Unrealized Gains (Losses) Incl in OCI 0 0 2 0  
Short-Term          
Fixed maturity securities available-for-sale:          
Balance at Beginning of Period 0   0    
Assets, Total Gains (Losses) Included in Earnings 0   0    
Assets, Total Gains (Losses) Included in AOCI 1   1    
Assets, Purchases 302   302    
Assets, Sales 0   0    
Assets, Settlements 0   0    
Assets, Net transfer In (Out) of Level 3 0   0    
Balance at End of Period 303   303    
Change in Unrealized Gains (Losses) Incl in OCI 0   0    
Equity securities          
Fixed maturity securities available-for-sale:          
Balance at Beginning of Period 10 1 5 1  
F&G Acquisition   1   1  
Assets, Total Gains (Losses) Included in Earnings 0 (1) 2 (1)  
Assets, Total Gains (Losses) Included in AOCI 1 0 1 0  
Assets, Purchases 0 0 2 0  
Assets, Sales (1) 0 0 0  
Assets, Settlements 0 0 0 0  
Assets, Net transfer In (Out) of Level 3 0 0 0 0  
Balance at End of Period 10 1 10 1  
Change in Unrealized Gains (Losses) Incl in OCI 0 0 0 0  
Available-for-sale embedded derivative          
Fixed maturity securities available-for-sale:          
Balance at Beginning of Period 28 0 27 0  
F&G Acquisition   20   20  
Assets, Total Gains (Losses) Included in Earnings 2 1 3 1  
Assets, Total Gains (Losses) Included in AOCI 0 0 0 0  
Assets, Purchases 0 0 0 0  
Assets, Sales 0 0 0 0  
Assets, Settlements 0 0 0 0  
Assets, Net transfer In (Out) of Level 3 0 0 0 0  
Balance at End of Period 30 21 30 21  
Change in Unrealized Gains (Losses) Incl in OCI 0 0 0 0  
Other long-term investments          
Fixed maturity securities available-for-sale:          
Balance at Beginning of Period   120      
F&G Acquisition       0  
Assets, Total Gains (Losses) Included in Earnings       (61)  
Assets, Total Gains (Losses) Included in AOCI       0  
Assets, Purchases       0  
Assets, Net transfer In (Out) of Level 3       (59)  
Balance at End of Period   0   0  
Change in Unrealized Gains (Losses) Incl in OCI       0  
Credit linked note          
Fixed maturity securities available-for-sale:          
Balance at Beginning of Period 19 23 0  
F&G Acquisition   23     $ 23
Assets, Total Gains (Losses) Included in Earnings 0 0 0   0
Assets, Total Gains (Losses) Included in AOCI 0 0 (4)   0
Assets, Purchases 0 0 0   0
Assets, Sales 0 0 0   0
Assets, Settlements 0 0 0   $ 0
Assets, Net transfer In (Out) of Level 3 0 0 0 0  
Balance at End of Period 19 23 19 23  
Change in Unrealized Gains (Losses) Incl in OCI $ 0 $ 0 $ 0 $ 0