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SCHEDULE II - PARENT COMPANY - Statements of Cash Flows (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income (loss) $ 1,823 $ 1,643 $ 2,394
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Investment (gains) losses 51 493 631
Non-cash long term incentive compensation expense 285 234 286
Amortization and depreciation 860 812 636
Equity (income) loss from limited partnerships (174) (125) (146)
Changes in:      
Other, net 117 (239) (74)
Net cash provided by (used in) operating activities 2,006 (208) (250)
Proceeds from the sale/maturity/pre-payment of:      
Fixed maturities, available-for-sale 10,934 10,492 15,547
Short term investments 836 3,324 575
Other 777 738 573
Payment for the purchase/origination of:      
Fixed maturities, available-for-sale (21,058) (12,031) (18,502)
Short term investments (423) (2,772) (1,502)
Other (278) (878) (1,173)
Other, net 143 (25) 80
Net cash provided by (used in) investing activities (15,855) (4,851) (7,487)
Cash flows from financing activities:      
Redemption of preferred stock (55) 0 0
Issuance of long-term debt 0 497 0
Repayment of short-term financings (254) (504) 147
Repayment of long term debt (565) 0 0
Shareholder dividends paid (302) (301) (294)
Preferred dividends paid (80) (80) (80)
Purchase of treasury shares (1,014) (919) (849)
Purchase of AllianceBernstein Units (35) 0 0
Other, net (7) (10) 31
Net cash provided by (used in) financing activities 12,441 9,000 7,045
Change in cash and cash equivalents (1,428) 3,964 (748)
Cash and cash equivalents, beginning of period 8,239 4,281 5,188
Cash and cash equivalents, end of period 6,964 8,239 4,281
Supplemental cash flow information:      
Interest paid 318 344 263
Income taxes (refunded) paid (38) 266 89
Parent      
Cash flows from operating activities:      
Net income (loss) 1,307 1,302 2,153
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Investment (gains) losses (3) 0 0
Equity in net (earnings) loss of subsidiaries (1,439) (1,355) (2,282)
Non-cash long term incentive compensation expense 91 13 64
Amortization and depreciation 46 46 57
Equity (income) loss from limited partnerships (1) 6 (29)
Dividends from subsidiaries 1,499 2,442 1,801
Changes in:      
Current and deferred taxes (68) (150) 83
Other, net (6) 90 (23)
Net cash provided by (used in) operating activities 1,426 2,394 1,824
Proceeds from the sale/maturity/pre-payment of:      
Fixed maturities, available-for-sale 1,270 228 131
Short term investments 7 1,000 550
Other 6 0 5
Payment for the purchase/origination of:      
Fixed maturities, available-for-sale (481) (10) 0
Short term investments 0 (544) (1,000)
Other 0 (10) (16)
Net issuance on credit facilities to affiliates 190 90 (235)
Proceeds from the sale of subsidiary 0 0 0
Other, net 5 0 0
Net cash provided by (used in) investing activities 997 754 (565)
Cash flows from financing activities:      
Redemption of preferred stock (55) 0 0
Issuance of long-term debt 0 497 0
Repayment of short-term financings 0 (520) 0
Repayment of long term debt (565) 0 0
Proceeds from loans from affiliates 0 0 0
Shareholder dividends paid (302) (301) (294)
Preferred dividends paid (80) (80) (80)
Purchase of treasury shares (1,014) (919) (849)
Capital contribution to subsidiaries 0 (1,142) (225)
Purchase of AllianceBernstein Units (185) 0 0
Other, net 14 (2) 33
Net cash provided by (used in) financing activities (2,187) (2,467) (1,415)
Change in cash and cash equivalents 236 681 (156)
Cash and cash equivalents, beginning of period 1,392 711 867
Cash and cash equivalents, end of period 1,628 1,392 711
Supplemental cash flow information:      
Interest paid 192 185 185
Income taxes (refunded) paid (17) 2 153
Non-cash transactions from investing and financing activities:      
Change in investment in subsidiary to equity investment 138 0 0
Change in investment in subsidiary from issuance of AB Units for CarVal acquisition 0 0 314
Non-cash dividends from subsidiaries $ 0 $ 0 $ 22