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SCHEDULE II - PARENT COMPANY - Statement of Cash Flows (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income (loss) $ 1,643 $ 2,394 $ 2,170
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Non-cash long term incentive compensation expense 234 286 226
Equity (income) loss from limited partnerships (125) (146) (553)
Changes in:      
Other, net (239) (74) 485
Net cash provided by (used in) operating activities (208) (250) (193)
Proceeds from the sale/maturity/pre-payment of:      
Fixed maturities, available-for-sale 10,492 15,547 34,434
Short term investments 3,324 575 87
Other 738 573 1,716
Payment for the purchase/origination of:      
Fixed maturities, available-for-sale (12,031) (18,502) (43,344)
Short term investments (2,772) (1,502) (18)
Other (878) (1,173) (2,553)
Net cash provided by (used in) investing activities (4,851) (7,487) (12,689)
Cash flows from financing activities:      
Issuance of preferred stock 0 0 293
Issuance of long-term debt 497 0 0
Change in short-term financings (504) 147 92
Shareholder dividends paid (301) (294) (296)
Preferred dividends paid (80) (80) (79)
Purchase of treasury shares (919) (849) (1,637)
Other, net (10) 31 (47)
Net cash provided by (used in) financing activities 9,000 7,045 11,948
Change in cash and cash equivalents 3,964 (748) (952)
Cash and cash equivalents, beginning of period 4,281 5,188 6,179
Cash and cash equivalents, end of period 8,239 4,281 5,188
Supplemental cash flow information:      
Interest paid 344 263 215
Income taxes (refunded) paid 266 89 305
Parent      
Cash flows from operating activities:      
Net income (loss) 1,302 2,153 1,755
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Equity in net (earnings) loss of subsidiaries (1,355) (2,282) (2,042)
Non-cash long term incentive compensation expense 13 64 15
Amortization and depreciation 46 57 60
Equity (income) loss from limited partnerships 6 (29) (19)
Dividends from subsidiaries 2,442 1,801 792
Changes in:      
Current and deferred taxes (150) 83 (151)
Other, net 90 (23) 14
Net cash provided by (used in) operating activities 2,394 1,824 424
Proceeds from the sale/maturity/pre-payment of:      
Fixed maturities, available-for-sale 228 131 210
Short term investments 1,000 550 0
Other 0 5 0
Payment for the purchase/origination of:      
Fixed maturities, available-for-sale (10) 0 0
Short term investments (544) (1,000) 0
Other (10) (16) (7)
Net issuance on credit facilities to affiliates 90 (235) (80)
Proceeds from the sale of subsidiary 0 0 215
Net cash provided by (used in) investing activities 754 (565) 338
Cash flows from financing activities:      
Issuance of preferred stock 0 0 293
Issuance of long-term debt 497 0 0
Change in short-term financings (520) 0 0
Repayment of long term debt 0 0 (280)
Proceeds from loans from affiliates 0 0 1,000
Shareholder dividends paid (301) (294) (296)
Preferred dividends paid (80) (80) (79)
Purchase of treasury shares (919) (849) (1,637)
Capital contribution to subsidiaries (1,142) (225) (815)
Other, net (2) 33 (53)
Net cash provided by (used in) financing activities (2,467) (1,415) (1,867)
Change in cash and cash equivalents 681 (156) (1,105)
Cash and cash equivalents, beginning of period 711 867 1,972
Cash and cash equivalents, end of period 1,392 711 867
Supplemental cash flow information:      
Interest paid 185 185 209
Income taxes (refunded) paid 2 153 153
Non-cash transactions from investing and financing activities:      
Change in investment in subsidiary from issuance of AB Units for CarVal acquisition 0 314 0
Non-cash dividends from subsidiaries 0 22 0
Dividend of AB Units from subsidiary $ 0 $ 0 $ 23