XML 119 R105.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Fair Value of Financial Instruments - Schedule of Investment Holdings Movements (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]        
Issuances $ 590 $ 211 $ 917 $ 345
Sales (119) (105) (263) (195)
Maturities 1 (26) (4) (34)
Settlements (118) (232) (224) (460)
Calls (11) (11) (12) (13)
Total 343 (163) 414 (357)
Corporate bonds | Fixed maturity AFS securities, at fair value        
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]        
Issuances 364 268 641 409
Sales (58) (2) (199) (37)
Maturities 0 (26) (2) (34)
Settlements (114) (234) (225) (302)
Calls 0 (11) (1) (11)
Total 192 (5) 214 25
State and municipal bonds | Fixed maturity AFS securities, at fair value        
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]        
Issuances   0   0
Sales   (1)   (1)
Maturities   0   0
Settlements   0   0
Calls   0   0
Total   (1) 0 (1)
RMBS | Fixed maturity AFS securities, at fair value        
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]        
Issuances 6 5 6 5
Sales 0 0 0 0
Maturities 0 0 0 0
Settlements 0 0 0 0
Calls 0 0 0 0
Total 6 5 6 5
CMBS        
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]        
Total   (4)    
CMBS | Fixed maturity AFS securities, at fair value        
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]        
Issuances 15 0 15 0
Sales 0 0 0 0
Maturities 0 0 0 0
Settlements 0 (4) 0 (4)
Calls 0 0 0 0
Total 15 (4) 15 (4)
ABS | Fixed maturity AFS securities, at fair value        
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]        
Issuances 462 216 726 457
Sales (30) 0 (30) (2)
Maturities 0 0 0 0
Settlements (56) (64) (119) (135)
Calls (11) 0 (11) 0
Total 365 152 566 320
Hybrid and redeemable preferred securities | Fixed maturity AFS securities, at fair value        
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]        
Issuances       0
Sales       0
Maturities       0
Settlements       0
Calls       (2)
Total 0 0 0 (2)
Trading securities        
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]        
Issuances 5 0 5 0
Sales 0 (102) (2) (155)
Maturities 0 0 0 0
Settlements (3) (3) (14) (77)
Calls 0 0 0 0
Total 2 (105) (11) (232)
Equity securities        
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]        
Issuances 0 1 0 1
Sales (1) 0 (1) 0
Maturities 0 0 0 0
Settlements 0 0 0 0
Calls 0 0 0 0
Total (1) 1 (1) 1
Mortgage loans on real estate        
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]        
Issuances 0 3 1 4
Sales (30) 0 (31) 0
Maturities 0 0 0 0
Settlements (5) (87) (5) (90)
Calls 0 0 0 0
Total (35) (84) (35) (86)
Derivative investments        
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]        
Issuances (3)   4  
Sales 0   0  
Maturities 1   (2)  
Settlements 0   0  
Calls 0   0  
Total (2) 0 2 0
Indexed annuity ceded embedded derivatives | Other Assets        
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]        
Issuances 26 34 52 84
Sales 0 0 0 0
Maturities 0 0 0 0
Settlements (43) 0 (69) (17)
Calls 0 0 0 0
Total (17) 34 (17) 67
RILA, fixed indexed annuity and IUL contracts | Policyholder Account Balances        
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unobservable Input Investment Holdings Movements [Abstract]        
Issuances (285) (316) (533) (615)
Sales 0 0 0 0
Maturities 0 0 0 0
Settlements 103 160 208 165
Calls 0 0 0 0
Total $ (182) $ (156) $ (325) $ (450)