XML 87 R75.htm IDEA: XBRL DOCUMENT v3.25.2
FAIR VALUE DISCLOSURES - Quantitative Information about Level 3 (Details)
$ in Millions
 6 Months Ended
Jun. 30, 2025
USD ($)
Dec. 31, 2024
USD ($)
Jun. 30, 2024
USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Liability for market risk benefits $ 10,187 $ 11,810 $ 12,612
Assets for market risk benefits 776 863 $ 799
Level 3 | Discounted cash flow | Alliance Bernstein      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
AB Contingent consideration payable $ 8 $ 9  
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 0.019 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 0.019 0.073  
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 0.020 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 0.133 0.293  
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 0.068 0.055  
Level 3 | Corporate | Matrix pricing model      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Fair value of fixed maturities AFS   $ 402  
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   0.0070  
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   0.0220  
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   0.0153  
Level 3 | Corporate | Market comparable  companies      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Fair value of fixed maturities AFS $ 1,119 $ 981  
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 4.6 4.7  
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 36.3 36.5  
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 13.9 12.2  
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 0.079 0.084  
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 0.197 0.349  
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 0.032 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 2.0 1.8  
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 14.5 11.8  
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 6.0 4.5  
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 (0.003) 0.000  
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 0.547 0.564  
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 0.091 0.150  
Level 3 | Trading Securities, at Fair Value | Market comparable  companies      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Fair value of fixed maturities AFS $ 23 $ 1  
Level 3 | Trading Securities, at Fair Value | Market comparable  companies | Cash Flow Multiples | Minimum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Percentage measurement input of equity securities 8.5 8.4  
Level 3 | Trading Securities, at Fair Value | Market comparable  companies | Cash Flow Multiples | Maximum      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Percentage measurement input of equity securities 26.3 8.4  
Level 3 | Trading Securities, at Fair Value | Market comparable  companies | Cash Flow Multiples | Weighted Average      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Percentage measurement input of equity securities 16.2 8.4  
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 $ 75 $ 75  
Discount 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 8.6 8.6  
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 0.100  
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 4.3    
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 14.5    
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 7.9    
Level 3 | Purchased MRB asset | Discounted cash flow      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Fair value of fixed maturities AFS $ 5,543 $ 7,376  
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 0.0024  
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 0.1305  
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 0.0218 0.0217  
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 0.0006  
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 0.1165  
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 0.0050 0.0048  
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 0.6670  
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 0.0671 0.0675  
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 0.0007 0.0033  
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 0.0092 0.0093  
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 0.0010 0.0034  
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 0.13 0.12  
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 0.31 0.29  
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 0.23 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 0.0017  
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 0.0335 0.0336  
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 0.0006  
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 0.0052  
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 0.0032  
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 0.4120  
Level 3 | Direct MRB | Discounted cash flow      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Direct MRB $ 9,411 $ 10,947  
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 0.0024  
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 0.3618  
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 0.0372 0.0357  
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 0.1165  
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 0.0057 0.0058  
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 0.0105 0.0094  
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 0.0105 0.0094  
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 0.0017  
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 0.0292 0.0300  
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 0.0006  
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 0.0052  
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 0.0032  
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 0.4120  
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 0.0509 0.0515