XML 100 R88.htm IDEA: XBRL DOCUMENT v3.24.3
POLICYHOLDER ACCOUNT BALANCES - Balances and Changes in Policyholders' Account Balances (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Policyholder Account Balance [Roll Forward]        
Interest credited $ 708 $ 556 $ 1,879 $ 1,520
Protection Solutions | Universal Life        
Policyholder Account Balance [Roll Forward]        
Balance, beginning of period     5,202 5,340
Premiums received     490 528
Policy charges     (537) (572)
Surrenders and withdrawals     (62) (57)
Benefit payments     (163) (169)
Net transfers from (to) separate account     0 0
Interest credited     165 166
Other     0 0
Balance, end of period $ 5,095 $ 5,236 $ 5,095 $ 5,236
Weighted-average crediting rate 3.81% 3.75% 3.81% 3.75%
Net amount at risk $ 33,800 $ 36,003 $ 33,800 $ 36,003
Cash surrender value 3,386 3,450 3,386 3,450
Protection Solutions | Variable Universal Life        
Policyholder Account Balance [Roll Forward]        
Balance, beginning of period     4,862 4,909
Premiums received     91 107
Policy charges     (196) (190)
Surrenders and withdrawals     (30) (33)
Benefit payments     (58) (84)
Net transfers from (to) separate account     139 (53)
Interest credited     159 151
Other     0 0
Balance, end of period $ 4,967 $ 4,807 $ 4,967 $ 4,807
Weighted-average crediting rate 3.70% 3.70% 3.70% 3.70%
Net amount at risk $ 116,107 $ 115,752 $ 116,107 $ 115,752
Cash surrender value 3,194 3,201 3,194 3,201
Legacy Segment | GMxB Legacy        
Policyholder Account Balance [Roll Forward]        
Balance, beginning of period     293 382
Premiums received     3 8
Policy charges     9 7
Surrenders and withdrawals     (67) (67)
Benefit payments     (14) (18)
Net transfers from (to) separate account     4 0
Interest credited     11 13
Other     0 0
Balance, end of period $ 239 $ 325 $ 239 $ 325
Weighted-average crediting rate 2.74% 2.71% 2.74% 2.71%
Net amount at risk $ 18,977 $ 23,123 $ 18,977 $ 23,123
Cash surrender value 507 607 507 607
Individual Retirement | GMxB Core        
Policyholder Account Balance [Roll Forward]        
Balance, beginning of period     36 69
Premiums received     177 163
Policy charges     0 2
Surrenders and withdrawals     (27) (24)
Benefit payments     (2) (1)
Net transfers from (to) separate account     (178) (162)
Interest credited     6 4
Other     0 0
Balance, end of period $ 12 $ 51 $ 12 $ 51
Weighted-average crediting rate 1.68% 1.57% 1.68% 1.57%
Net amount at risk $ 2,606 $ 3,598 $ 2,606 $ 3,598
Cash surrender value 241 273 241 273
Individual Retirement | SCS        
Policyholder Account Balance [Roll Forward]        
Balance, beginning of period     49,002 35,702
Premiums received     12 5
Policy charges     (17) (6)
Surrenders and withdrawals     (2,988) (2,046)
Benefit payments     (222) (194)
Net transfers from (to) separate account     9,512 7,366
Interest credited     6,444 3,394
Other     0 0
Balance, end of period 61,743 $ 44,221 61,743 $ 44,221
Weighted-average crediting rate   0.00%   0.00%
Net amount at risk 0 $ 31 0 $ 31
Cash surrender value 58,668 40,156 58,668 40,156
Individual Retirement | EQUI-VEST Individual        
Policyholder Account Balance [Roll Forward]        
Balance, beginning of period     2,322 2,652
Premiums received     26 27
Policy charges     0 0
Surrenders and withdrawals     (251) (256)
Benefit payments     (40) (56)
Net transfers from (to) separate account     11 7
Interest credited     49 56
Other     0 4
Balance, end of period $ 2,117 $ 2,434 $ 2,117 $ 2,434
Weighted-average crediting rate 2.96% 2.90% 2.96% 2.90%
Net amount at risk $ 100 $ 126 $ 100 $ 126
Cash surrender value 2,110 2,427 2,110 2,427
Group Retirement | EQUI-VEST Group        
Policyholder Account Balance [Roll Forward]        
Balance, beginning of period     11,563 12,045
Premiums received     452 460
Policy charges     (4) (4)
Surrenders and withdrawals     (1,203) (1,207)
Benefit payments     (55) (54)
Net transfers from (to) separate account     253 210
Interest credited     260 268
Other     0 11
Balance, end of period $ 11,266 $ 11,729 $ 11,266 $ 11,729
Weighted-average crediting rate 2.69% 2.56% 2.69% 2.56%
Net amount at risk $ 8 $ 51 $ 8 $ 51
Cash surrender value 11,207 11,672 11,207 11,672
Group Retirement | Momentum        
Policyholder Account Balance [Roll Forward]        
Balance, beginning of period     608 702
Premiums received     50 49
Policy charges     0 0
Surrenders and withdrawals     (104) (105)
Benefit payments     (1) (4)
Net transfers from (to) separate account     (10) (24)
Interest credited     10 10
Other     0 0
Balance, end of period $ 553 $ 628 $ 553 $ 628
Weighted-average crediting rate 2.32% 2.33% 2.32% 2.33%
Net amount at risk $ 0 $ 0 $ 0 $ 0
Cash surrender value $ 554 $ 630 $ 554 $ 630