XML 131 R111.htm IDEA: XBRL DOCUMENT v3.25.0.1
POLICYHOLDER ACCOUNT BALANCES - Balances and Changes in Policyholders' Account Balances (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Policyholder Account Balance [Roll Forward]      
Interest credited $ 2,499 $ 2,083 $ 1,410
Protection Solutions | Universal Life      
Policyholder Account Balance [Roll Forward]      
Balance, beginning of period 5,202 5,340 5,462
Premiums received 647 698 730
Policy charges (712) (760) (789)
Surrenders and withdrawals (79) (80) (86)
Benefit payments (213) (218) (200)
Net transfers from (to) separate account 0 0 0
Interest credited 220 222 223
Other 0 0 0
Balance, end of period $ 5,065 $ 5,202 $ 5,340
Weighted-average crediting rate 3.82% 3.77% 3.62%
Net amount at risk $ 33,324 $ 35,490 $ 37,555
Cash surrender value 3,368 3,423 3,483
Protection Solutions | Variable Universal Life      
Policyholder Account Balance [Roll Forward]      
Balance, beginning of period 4,862 4,909 4,807
Premiums received 117 134 160
Policy charges (265) (256) (245)
Surrenders and withdrawals (42) (46) (12)
Benefit payments (67) (114) (92)
Net transfers from (to) separate account 201 24 124
Interest credited 212 211 167
Other 0 0 0
Balance, end of period $ 5,018 $ 4,862 $ 4,909
Weighted-average crediting rate 3.68% 3.72% 3.81%
Net amount at risk $ 117,420 $ 115,550 $ 115,152
Cash surrender value 3,162 3,194 3,366
Legacy Segment | GMxB Legacy      
Policyholder Account Balance [Roll Forward]      
Balance, beginning of period 293 382 432
Premiums received 4 10 8
Policy charges 14 9 6
Surrenders and withdrawals (86) (96) (68)
Benefit payments (17) (26) (22)
Net transfers from (to) separate account 4 (4) 5
Interest credited 14 18 21
Other 0 0 0
Balance, end of period $ 226 $ 293 $ 382
Weighted-average crediting rate 2.74% 2.71% 1.80%
Net amount at risk $ 19,041 $ 21,136 $ 22,631
Cash surrender value 489 572 980
Individual Retirement | GMxB Core      
Policyholder Account Balance [Roll Forward]      
Balance, beginning of period 36 69 112
Premiums received 233 222 151
Policy charges (3) (4) (22)
Surrenders and withdrawals (35) (33) (31)
Benefit payments (2) (2) (2)
Net transfers from (to) separate account (240) (222) (145)
Interest credited 7 6 6
Other 0 0 0
Balance, end of period $ (4) $ 36 $ 69
Weighted-average crediting rate 1.66% 1.59% 1.05%
Net amount at risk $ 2,868 $ 2,995 $ 3,530
Cash surrender value 228 265 293
Individual Retirement | SCS      
Policyholder Account Balance [Roll Forward]      
Balance, beginning of period 49,002 35,702 33,443
Premiums received 14 10 2
Policy charges (23) (9) 0
Surrenders and withdrawals (4,110) (2,882) (2,452)
Benefit payments (312) (256) (209)
Net transfers from (to) separate account 12,725 10,155 7,474
Interest credited 7,971 6,282 (2,556)
Other 0 0 0
Balance, end of period 65,267 49,002 $ 35,702
Weighted-average crediting rate     1.12%
Net amount at risk 9 1 $ 92
Cash surrender value 60,879 45,738 32,080
Individual Retirement | EQUI-VEST Individual      
Policyholder Account Balance [Roll Forward]      
Balance, beginning of period 2,322 2,652 2,784
Premiums received 37 36 46
Policy charges 0 0 (1)
Surrenders and withdrawals (347) (378) (225)
Benefit payments (55) (70) (59)
Net transfers from (to) separate account 15 6 28
Interest credited 65 72 79
Other 0 4 0
Balance, end of period $ 2,037 $ 2,322 $ 2,652
Weighted-average crediting rate 2.98% 2.84% 2.85%
Net amount at risk $ 101 $ 109 $ 143
Cash surrender value 2,030 2,315 2,645
Group Retirement | EQUI-VEST Group      
Policyholder Account Balance [Roll Forward]      
Balance, beginning of period 11,563 12,045 11,951
Premiums received 605 626 610
Policy charges (4) (4) (5)
Surrenders and withdrawals (1,603) (1,703) (995)
Benefit payments (74) (71) (70)
Net transfers from (to) separate account 334 272 303
Interest credited 337 387 251
Other 0 11 0
Balance, end of period $ 11,158 $ 11,563 $ 12,045
Weighted-average crediting rate 2.69% 2.66% 3.00%
Net amount at risk $ 9 $ 10 $ 138
Cash surrender value 11,071 11,506 11,961
Group Retirement | Momentum      
Policyholder Account Balance [Roll Forward]      
Balance, beginning of period 608 702 704
Premiums received 67 70 79
Policy charges 0 (1) 0
Surrenders and withdrawals (148) (152) (148)
Benefit payments (2) (4) (2)
Net transfers from (to) separate account (11) (21) 54
Interest credited 13 14 15
Other 0 0 0
Balance, end of period $ 527 $ 608 $ 702
Weighted-average crediting rate 2.48% 2.33% 2.02%
Net amount at risk $ 0 $ 0 $ 0
Cash surrender value $ 528 $ 609 $ 702