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EQUITY (Tables)
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Schedule of Stock by Class
Preferred stock authorized, issued and outstanding was as follows:
September 30, 2024December 31, 2023
SeriesShares AuthorizedShares
 Issued		Shares OutstandingShares AuthorizedShares
 Issued		Shares Outstanding
Series A 32,000 32,000 32,000 32,000 32,000 32,000 
Series B 20,000 20,000 20,000 20,000 20,000 20,000 
Series C12,000 12,000 12,000 12,000 12,000 12,000 
Total64,000 64,000 64,000 64,000 64,000 64,000 
Schedule of Dividends Declared
Dividends declared per share were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Series A dividends declared $328 $328 $984 $984 
Series B dividends declared$— $— $619 $619 
Series C dividends declared$269 $269 $806 $806 
Common Stock
Dividends declared per share of common stock were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Dividends declared$0.24 $0.22 $0.70 $0.64 
Schedule of Accumulated Other Comprehensive Income (Loss) The balances as of September 30, 2024 and December 31, 2023 follow:
 September 30, 2024December 31, 2023
 
(in millions)
Unrealized gains (losses) on investments$(5,253)$(6,638)
Market risk benefits - instrument-specific credit risk component(800)(633)
Liability for future policy benefits - current discount rate component108 182 
Defined benefit pension plans(623)(652)
Foreign currency translation adjustments(60)(76)
Total accumulated other comprehensive income (loss)(6,628)(7,817)
Less: Accumulated other comprehensive income (loss) attributable to noncontrolling interest(33)(40)
Accumulated other comprehensive income (loss) attributable to Holdings$(6,595)$(7,777)
Schedule of Components of Accumulated Other Comprehensive Income (Loss), Net of Taxes
The components of OCI, net of taxes for three and nine months ended September 30, 2024 and 2023 are as follow:
Three Months Ended September 30,

Nine Months Ended September 30,
 2024202320242023
 (in millions)
Change in net unrealized gains (losses) on investments:
Net unrealized gains (losses) arising during the period$2,299 $(2,102)$1,314 $(1,231)
(Gains) losses reclassified into net income (loss) during the period (1)22 274 43 374 
Net unrealized gains (losses) on investments2,321 (1,828)1,357 (857)
Adjustments for policyholders’ liabilities, DAC, insurance liability loss recognition and other(66)62 (23)93 
Change in unrealized gains (losses), net of adjustments (net of deferred income tax expense (benefit) of $448, $(384), $212 and $(375))
2,255 (1,766)1,334 (764)
Change in LFPB discount rate and MRB credit risk, net of tax
Market risk benefits - changes in instrument-specific credit risk (net of deferred income tax expense (benefit) of $(1), $(289), $(35) and $(63))
(5)(1,086)(133)(235)
Liability for future policy benefits - changes in current discount rate (net of deferred income tax expense (benefit) of $(60), $52, $(16) and $42 )
(223)195 (58)157 
Change in defined benefit plans:
Reclassification to Net income (loss) of amortization of net prior service credit included in net periodic cost11 6 29 35 
Change in defined benefit plans (net of deferred income tax expense (benefit) of $(3), $(2), $(8), and $(9))
11 6 29 35 
Foreign currency translation adjustments:
Foreign currency translation gains (losses) arising during the period20 (16)17 (5)
Foreign currency translation adjustment20 (16)17 (5)
Total other comprehensive income (loss), net of income taxes2,058 (2,667)1,189 (812)
Less: Other comprehensive income (loss) attributable to noncontrolling interest8 (7)7 (2)
Other comprehensive income (loss) attributable to Holdings$2,050 $(2,660)$1,182 $(810)
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(1)See “Reclassification adjustment” in Note 3 of the Notes to these Consolidated Financial Statements. Reclassification amounts presented net of income tax expense (benefit) of $(6) million and $(11) million for the three and nine months ended September 30, 2024,respectively, and $(73) million, and $(99) million for the three and nine months ended September 30, 2023, respectively.