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Market Risk Benefits - Schedule of Balances and Changes in Market Risk Benefit (Details) - USD ($)
$ in Millions
9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Indexed annuities    
Market Risk Benefit [Line Items]    
Balance beginning of period $ 314 $ 164
Balance, beginning of period, before effect of changes in the instrument-specific credit risk 209 102
Issuances and benefit payments 78 (10)
Attributed fees collected and interest accrual 103 131
Actual policyholder behavior different from expected 8 27
Changes in assumptions and other 32 29
Effects of market related movements (31) (70)
Balance, end of period, before effect of changes in the instrument-specific credit risk 399 209
Issuances and benefit payments 78 (10)
Attributed fees collected and interest accrual 103 131
Actual policyholder behavior different from expected 8 27
Changes in assumptions and other 32 29
Effects of market related movements (31) (70)
Effect of changes in the instrument-specific credit risk 112 105
Balance, end of period 511 314
Less: reinsured market risk benefits 43 0
Balance, end of period, net of reinsurance $ 468 $ 314
Weighted-average attained age of policyholders weighted by total AV (years) 68 years 14 days 68 years 3 months 10 days
Net amount at risk $ 1,390 $ 1,059
Fixed rate annuities    
Market Risk Benefit [Line Items]    
Balance beginning of period 1 1
Balance, beginning of period, before effect of changes in the instrument-specific credit risk 1 1
Issuances and benefit payments 0 0
Attributed fees collected and interest accrual 0 0
Actual policyholder behavior different from expected 0 0
Changes in assumptions and other 0 0
Effects of market related movements 0 0
Balance, end of period, before effect of changes in the instrument-specific credit risk 1 1
Issuances and benefit payments 0 0
Attributed fees collected and interest accrual 0 0
Actual policyholder behavior different from expected 0 0
Changes in assumptions and other 0 0
Effects of market related movements 0 0
Effect of changes in the instrument-specific credit risk 0 0
Balance, end of period 1 1
Less: reinsured market risk benefits 0 0
Balance, end of period, net of reinsurance $ 1 $ 1
Weighted-average attained age of policyholders weighted by total AV (years) 72 years 5 months 19 days 72 years 7 months 2 days
Net amount at risk $ 2 $ 2