XML 102 R91.htm IDEA: XBRL DOCUMENT v3.23.2
MARKET RISK BENEFITS - Changes in the Market Risk Benefits for Deferred Variable Annuities (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Dec. 31, 2020
Market Risk Benefit [Roll Forward]            
Changes in the instrument-specific credit risk $ 1,745   $ 1,745   $ 668 $ 23,784
Net amount at risk 2,934   2,934      
GMxB Core            
Market Risk Benefit [Roll Forward]            
Net amount at risk 131   131      
GMxB Legacy            
Market Risk Benefit [Roll Forward]            
Net amount at risk 2,797   2,797      
Individual Retirement | GMxB Core            
Market Risk Benefit [Roll Forward]            
Balance, beginning of the period 317 $ 498 530 $ 1,061    
Balance BOP before changes in the instrument specific credit risk 550 540 529 666    
Model changes and effect of changes in cash flow assumptions 0 0 0 0    
Actual market movement effect (119) 674 (330) 1,002    
Interest accrual 20 12 38 17    
Attributed fees accrued 111 109 206 201    
Benefit payments (12) (8) (24) (13)    
Actual policyholder behavior different from expected behavior 5 4 12 5    
Changes in future economic assumptions (202) (553) (77) (1,095)    
Issuances (2) 1 (3) (4)    
Balance EOP before changes in the instrument-specific credit risk 351 779 351 779    
Changes in the instrument-specific credit risk (220) (365) (220) (365)    
Balance, end of the period $ 131 $ 414 $ 131 $ 414    
Weighted-average crediting rate 64 years 63 years 64 years 63 years    
Net amount at risk $ 3,165 $ 3,181 $ 3,165 $ 3,181 530  
Legacy | GMxB Legacy            
Market Risk Benefit [Roll Forward]            
Balance, beginning of the period 14,082 16,931 14,699 20,236    
Balance BOP before changes in the instrument specific credit risk 15,599 17,901 15,314 19,719    
Model changes and effect of changes in cash flow assumptions 0 0 0 (87)    
Actual market movement effect (636) 2,562 (1,380) 3,660    
Interest accrual 194 179 391 283    
Attributed fees accrued 209 219 418 438    
Benefit payments 344 (282) 686 (533)    
Actual policyholder behavior different from expected behavior (7) 26 14 59    
Changes in future economic assumptions (873) (2,870) 71 (5,804)    
Issuances 0 0 0 0    
Balance EOP before changes in the instrument-specific credit risk 14,142 17,735 14,142 17,735    
Changes in the instrument-specific credit risk (1,422) (2,027) (1,422) (2,027)    
Balance, end of the period $ 12,720 $ 15,708 $ 12,720 $ 15,708    
Weighted-average crediting rate 72 years 9 months 18 days 72 years 2 months 12 days 72 years 9 months 18 days 72 years 2 months 12 days    
Net amount at risk $ 22,195 $ 22,421 $ 22,195 $ 22,421 $ 4,287  
Legacy | Purchased MRB            
Market Risk Benefit [Roll Forward]            
Balance, beginning of the period (10,669) (12,507) (10,415) (14,059)    
Balance BOP before changes in the instrument specific credit risk (10,570) (12,441) (10,358) (14,051)    
Model changes and effect of changes in cash flow assumptions 0 0 0 29    
Actual market movement effect 315 (1,015) 702 (1,414)    
Interest accrual (134) (103) (287) (164)    
Attributed fees accrued (58) (61) (141) (147)    
Benefit payments (185) (152) (370) (288)    
Actual policyholder behavior different from expected behavior (8) (25) (26) (40)    
Changes in future economic assumptions 443 1,870 (87) 3,876    
Issuances 0 0 0 0    
Balance EOP before changes in the instrument-specific credit risk (9,827) (11,623) (9,827) (11,623)    
Changes in the instrument-specific credit risk (96) (102) (96) (102)    
Balance, end of the period $ (9,923) $ (11,725) $ (9,923) $ (11,725)    
Weighted-average crediting rate 72 years 3 months 18 days 71 years 9 months 18 days 72 years 3 months 18 days 71 years 9 months 18 days    
Net amount at risk $ 11,821 $ 11,946 $ 11,821 $ 11,946    
Legacy | Net Legacy            
Market Risk Benefit [Roll Forward]            
Balance, beginning of the period 3,413 4,424 4,284 6,177    
Balance BOP before changes in the instrument specific credit risk 5,029 5,460 4,956 5,668    
Model changes and effect of changes in cash flow assumptions 0 0 0 (58)    
Actual market movement effect (321) 1,547 (678) 2,246    
Interest accrual 60 76 104 119    
Attributed fees accrued 151 158 277 291    
Benefit payments (159) (130) (316) (245)    
Actual policyholder behavior different from expected behavior (15) 1 (12) 19    
Changes in future economic assumptions (430) (1,000) (16) (1,928)    
Issuances 0 0 0 0    
Balance EOP before changes in the instrument-specific credit risk 4,315 6,112 4,315 6,112    
Changes in the instrument-specific credit risk (1,518) (2,129) (1,518) (2,129)    
Balance, end of the period $ 2,797 $ 3,983 $ 2,797 $ 3,983