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v3.23.1

Fair Value of Assets and Liabilities Fair Value of Assets and Liabilities (Financial Instruments where Carrying Amounts and Fair Values May Differ) (Details) - USD ($) $ in Millions | Mar. 31, 2023 | Dec. 31, 2022
--- | --- | ---
Reported Value Measurement [Member] |  |  |
Assets |  |  |
Mortgage loans on real estate (net of valuation allowances) | [1] | $ 6,833 | $ 6,590
Policy loans | [1] | 1,221 | 1,231
Funds withheld at interest | [1] | 6,245 | 6,319
Cash and cash equivalents | [1] | 1,640 | 1,392
Short-term investments | [1] | 43 | 33
Other invested assets | [1] | 974 | 947
Accrued investment income | [1] | 672 | 630
Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures | [1] | 54 | 49
Liabilities |  |  |
Interest-sensitive contract liabilities | [1] | 23,515 | 23,493
Funds Held under Reinsurance Agreements, Liability | [1] | 1,593 | 1,596
Long-term debt | [1] | 4,455 | 3,961
Estimate of Fair Value Measurement [Member] |  |  |
Assets |  |  |
Mortgage loans on real estate (net of valuation allowances) |  | 6,367 | 6,109
Policy loans |  | 1,221 | 1,231
Funds withheld at interest |  | 5,821 | 5,884
Cash and cash equivalents |  | 1,640 | 1,392
Short-term investments |  | 43 | 33
Other invested assets |  | 780 | 758
Accrued investment income |  | 672 | 630
Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures |  | 57 | 52
Liabilities |  |  |
Interest-sensitive contract liabilities |  | 23,213 | 23,065
Funds Held under Reinsurance Agreements, Liability |  | 1,316 | 1,321
Long-term Debt, Fair Value |  | 4,260 | 3,670
Estimate of Fair Value Measurement [Member] | Fair Value Inputs Level 1 Member |  |  |
Assets |  |  |
Mortgage loans on real estate (net of valuation allowances) |  | 0 | 0
Policy loans |  | 0 | 0
Funds withheld at interest |  | 0 | 0
Cash and cash equivalents |  | 1,640 | 1,392
Short-term investments |  | 43 | 33
Other invested assets |  | 5 | 4
Accrued investment income |  | 0 | 0
Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures |  | 0 | 0
Liabilities |  |  |
Interest-sensitive contract liabilities |  | 0 | 0
Funds Held under Reinsurance Agreements, Liability |  | 0 | 0
Long-term Debt, Fair Value |  | 0 | 0
Estimate of Fair Value Measurement [Member] | Fair Value Inputs Level 2 Member |  |  |
Assets |  |  |
Mortgage loans on real estate (net of valuation allowances) |  | 0 | 0
Policy loans |  | 1,221 | 1,231
Funds withheld at interest |  | 0 | 0
Cash and cash equivalents |  | 0 | 0
Short-term investments |  | 0 | 0
Other invested assets |  | 64 | 65
Accrued investment income |  | 672 | 630
Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures |  | 0 | 0
Liabilities |  |  |
Interest-sensitive contract liabilities |  | 0 | 0
Funds Held under Reinsurance Agreements, Liability |  | 0 | 0
Long-term Debt, Fair Value |  | 0 | 0
Estimate of Fair Value Measurement [Member] | Fair Value Inputs Level 3 Member |  |  |
Assets |  |  |
Mortgage loans on real estate (net of valuation allowances) |  | 6,367 | 6,109
Policy loans |  | 0 | 0
Funds withheld at interest |  | 5,821 | 5,884
Cash and cash equivalents |  | 0 | 0
Short-term investments |  | 0 | 0
Other invested assets |  | 711 | 689
Accrued investment income |  | 0 | 0
Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures |  | 57 | 52
Liabilities |  |  |
Interest-sensitive contract liabilities |  | 23,213 | 23,065
Funds Held under Reinsurance Agreements, Liability |  | 1,316 | 1,321
Long-term Debt, Fair Value |  | 4,260 | 3,670
Mortgage loans on real estate (net of valuation allowances) |  | 6,833 | 6,590
Policy loans |  | 1,221 | 1,231
Funds withheld at interest |  | 5,976 | 6,003
Cash and cash equivalents |  | 3,294 | 2,927
Short-term investments |  | 246 | 154
Other invested assets |  | 1,111 | 1,140
Accrued investment income |  | 672 | 630
Interest-sensitive contract liabilities |  | 30,405 | 30,342
Funds Held under Reinsurance Agreements, Liability |  | 351 | 363
Long-term debt |  | 4,455 | 3,961
Fair Value Inputs Level 1 Member |  |  |
Liabilities |  |  |
Funds Held under Reinsurance Agreements, Liability |  | 0 | 0
Fair Value Inputs Level 2 Member |  |  |
Liabilities |  |  |
Funds Held under Reinsurance Agreements, Liability |  | 0 | 0
Fair Value Inputs Level 3 Member |  |  |
Liabilities |  |  |
Funds Held under Reinsurance Agreements, Liability |  | $ 351 | $ 363
[1] | Carrying values presented herein may differ from those in the Company’s condensed consolidated balance sheets because certain items within the respective financial statement captions may be measured at fair value on a recurring basis.

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- Definition Amount before allowance of loans made to policy and contract holders using their life insurance contracts' cash value or separate accounts as collateral. Includes deferred interest and fees, undisbursed portion of loan balance, unamortized costs and premiums over and discounts from face amounts. Excludes loans and leases covered under loss sharing agreements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)(e)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 + Details
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