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Value of Business Acquired, Deferred Acquisition Costs and Deferred Sales Inducements - Schedule of DAC (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
DAC    
DAC at beginning of period $ 2,211 $ 1,402
Capitalization 842 657
Amortization (200) (135)
Reinsurance related adjustments   79
DAC at end of period 2,853 2,003
Indexed Annuities    
DAC    
DAC at beginning of period 1,378 971
Capitalization 496 371
Amortization (112) (75)
Reinsurance related adjustments   0
DAC at end of period 1,762 1,267
Fixed Rate Annuities    
DAC    
DAC at beginning of period 288 83
Capitalization 147 119
Amortization (61) (35)
Reinsurance related adjustments   79
DAC at end of period 374 246
Universal Life    
DAC    
DAC at beginning of period 545 348
Capitalization 199 167
Amortization (27) (25)
Reinsurance related adjustments   0
DAC at end of period $ 717 $ 490