XML 89 R77.htm IDEA: XBRL DOCUMENT v3.24.3
FAIR VALUE DISCLOSURES - Quantitative Information about Level 3 (Details)
$ in Millions
 9 Months Ended 12 Months Ended
Sep. 30, 2024
USD ($)
Dec. 31, 2023
USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Liability for market risk benefits $ 13,197 $ 14,612
Assets for market risk benefits 740 591
Level 3 | Discounted cash flow | Alliance Bernstein    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
AB Contingent consideration payable $ 129 $ 253
Level 3 | Discounted cash flow | Discount Rate | Minimum | Alliance Bernstein    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Expected revenue growth and discount rate 0.019 0.019
Level 3 | Discounted cash flow | Discount Rate | Maximum | Alliance Bernstein    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Expected revenue growth and discount rate 0.104 0.104
Level 3 | Discounted cash flow | Discount Rate | Weighted Average | Alliance Bernstein    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Expected revenue growth and discount rate 0.051 0.046
Level 3 | Discounted cash flow | Expected Revenue Growth Rate | Minimum | Alliance Bernstein    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Expected revenue growth and discount rate (0.022) 0.020
Level 3 | Discounted cash flow | Expected Revenue Growth Rate | Maximum | Alliance Bernstein    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Expected revenue growth and discount rate 0.293 0.839
Level 3 | Discounted cash flow | Expected Revenue Growth Rate | Weighted Average | Alliance Bernstein    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Expected revenue growth and discount rate 0.086 0.103
Level 3 | Corporate | Matrix pricing model    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of fixed maturities AFS $ 399 $ 373
Level 3 | Corporate | Matrix pricing model | Spread over Benchmark | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.0020 0.0020
Level 3 | Corporate | Matrix pricing model | Spread over Benchmark | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.0295 0.0747
Level 3 | Corporate | Matrix pricing model | Spread over Benchmark | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.0131 0.0181
Level 3 | Corporate | Market comparable  companies    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of fixed maturities AFS $ 704 $ 979
Level 3 | Corporate | Market comparable  companies | EBITDA Multiples | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 4.0 3.3
Level 3 | Corporate | Market comparable  companies | EBITDA Multiples | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 36.5 29.0
Level 3 | Corporate | Market comparable  companies | EBITDA Multiples | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 12.5 13.6
Level 3 | Corporate | Market comparable  companies | Discount Rate | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.078 0.000
Level 3 | Corporate | Market comparable  companies | Discount Rate | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.171 0.228
Level 3 | Corporate | Market comparable  companies | Discount Rate | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.034 0.039
Level 3 | Corporate | Market comparable  companies | Cash Flow Multiples | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.7 0.8
Level 3 | Corporate | Market comparable  companies | Cash Flow Multiples | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 11.8 10.0
Level 3 | Corporate | Market comparable  companies | Cash Flow Multiples | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 4.2 6.3
Level 3 | Corporate | Market comparable  companies | Loan to Value | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities (0.016) 0.034
Level 3 | Corporate | Market comparable  companies | Loan to Value | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.651 0.610
Level 3 | Corporate | Market comparable  companies | Loan to Value | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.144 0.138
Level 3 | Trading Securities, at Fair Value | Discounted cash flow    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of fixed maturities AFS $ 58 $ 61
Discount years 7 years 7 years
Level 3 | Trading Securities, at Fair Value | Discounted cash flow | Earnings/Revenue Multiple    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 9.1 9.1
Level 3 | Trading Securities, at Fair Value | Discounted cash flow | Discount Factor    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.100 0.1000
Level 3 | Other equity investments | Discounted cash flow    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of fixed maturities AFS $ 0 $ 2
Level 3 | Other equity investments | Discounted cash flow | Earnings/Revenue Multiple | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.0 3.9
Level 3 | Other equity investments | Discounted cash flow | Earnings/Revenue Multiple | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.0 8.4
Level 3 | Other equity investments | Discounted cash flow | Earnings/Revenue Multiple | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.0 6.5
Level 3 | Purchased MRB asset | Discounted cash flow    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of fixed maturities AFS $ 8,492 $ 9,427
Level 3 | Purchased MRB asset | Discounted cash flow | Lapse Rate | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.0024 0.0021
Level 3 | Purchased MRB asset | Discounted cash flow | Lapse Rate | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.1305 0.1238
Level 3 | Purchased MRB asset | Discounted cash flow | Lapse Rate | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.0195 0.0179
Level 3 | Purchased MRB asset | Discounted cash flow | Withdrawal Rate | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.0006 0.0007
Level 3 | Purchased MRB asset | Discounted cash flow | Withdrawal Rate | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.1165 0.1497
Level 3 | Purchased MRB asset | Discounted cash flow | Withdrawal Rate | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.0052 0.0046
Level 3 | Purchased MRB asset | Discounted cash flow | GMIB Utilization Rate | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.0004 0.0004
Level 3 | Purchased MRB asset | Discounted cash flow | GMIB Utilization Rate | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.6670 0.6621
Level 3 | Purchased MRB asset | Discounted cash flow | GMIB Utilization Rate | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.0656 0.0744
Level 3 | Purchased MRB asset | Discounted cash flow | Non-Performance Risk | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.0033 0.0035
Level 3 | Purchased MRB asset | Discounted cash flow | Non-Performance Risk | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.0096 0.0097
Level 3 | Purchased MRB asset | Discounted cash flow | Non-Performance Risk | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.0036 0.0045
Level 3 | Purchased MRB asset | Discounted cash flow | Volatility Rate - Equity | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.12 0.11
Level 3 | Purchased MRB asset | Discounted cash flow | Volatility Rate - Equity | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.30 0.28
Level 3 | Purchased MRB asset | Discounted cash flow | Volatility Rate - Equity | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.24 0.23
Level 3 | Purchased MRB asset | Discounted cash flow | Mortality | Ages 0 - 40 | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.0001 0.0001
Level 3 | Purchased MRB asset | Discounted cash flow | Mortality | Ages 0 - 40 | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.0017 0.0018
Level 3 | Purchased MRB asset | Discounted cash flow | Mortality | Ages 0 - 40 | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.0315 0.0307
Level 3 | Purchased MRB asset | Discounted cash flow | Mortality | Ages 41 - 60 | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.0006 0.0007
Level 3 | Purchased MRB asset | Discounted cash flow | Mortality | Ages 41 - 60 | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.0052 0.0053
Level 3 | Purchased MRB asset | Discounted cash flow | Mortality | Ages 61 - 115 | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.0032 0.0033
Level 3 | Purchased MRB asset | Discounted cash flow | Mortality | Ages 61 - 115 | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Percentage measurement input of equity securities 0.4120 0.4200
Level 3 | Direct MRB | Discounted cash flow    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Direct MRB $ 12,457 $ 14,021
Level 3 | Direct MRB | Discounted cash flow | Lapse Rate | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of servicing liability 0.0024 0.0021
Level 3 | Direct MRB | Discounted cash flow | Lapse Rate | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of servicing liability 0.3618 0.2937
Level 3 | Direct MRB | Discounted cash flow | Lapse Rate | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of servicing liability 0.0336 0.0307
Level 3 | Direct MRB | Discounted cash flow | Withdrawal Rate | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of servicing liability 0.0000 0.0000
Level 3 | Direct MRB | Discounted cash flow | Withdrawal Rate | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of servicing liability 0.1165 0.1497
Level 3 | Direct MRB | Discounted cash flow | Withdrawal Rate | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of servicing liability 0.0066 0.0064
Level 3 | Direct MRB | Discounted cash flow | Non-Performance Risk    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of servicing liability 0.0111 0.0118
Level 3 | Direct MRB | Discounted cash flow | Non-Performance Risk | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of servicing liability 0.0111 0.0118
Level 3 | Direct MRB | Discounted cash flow | Mortality | Ages 0 - 40 | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of servicing liability 0.0001 0.0001
Level 3 | Direct MRB | Discounted cash flow | Mortality | Ages 0 - 40 | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of servicing liability 0.0017 0.0018
Level 3 | Direct MRB | Discounted cash flow | Mortality | Ages 0 - 40 | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of servicing liability 0.0294 0.0250
Level 3 | Direct MRB | Discounted cash flow | Mortality | Ages 41 - 60 | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of servicing liability 0.0006 0.0007
Level 3 | Direct MRB | Discounted cash flow | Mortality | Ages 41 - 60 | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of servicing liability 0.0052 0.0053
Level 3 | Direct MRB | Discounted cash flow | Mortality | Ages 61 - 115 | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of servicing liability 0.0032 0.0033
Level 3 | Direct MRB | Discounted cash flow | Mortality | Ages 61 - 115 | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of servicing liability 0.4120 0.4200
Level 3 | Direct MRB | Discounted cash flow | Annuitization Rate | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of servicing liability 0.0004 0.0004
Level 3 | Direct MRB | Discounted cash flow | Annuitization Rate | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of servicing liability 1.0000 1.0000
Level 3 | Direct MRB | Discounted cash flow | Annuitization Rate | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of servicing liability 0.0520 0.0538