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v3.25.2

Policyholder Account Balances - Summary of Balances and Changes in Policyholder Account Balances (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Policyholder Account Balance [Roll Forward] |  |  |  |
Balance as of beginning-of-year |  |  | $ 126,197 |
Interest credited | $ 916 | $ 853 | 1,805 | $ 1,675
Balance as of end-of-period | 129,209 |  | 129,209 |
Variable Annuities |  |  |  |
Policyholder Account Balance [Roll Forward] |  |  |  |
Balance as of beginning-of-year |  |  | 35,267 | 29,141
Gross deposits |  |  | 2,893 | 2,102
Withdrawals |  |  | (1,234) | (413)
Policyholder assessments |  |  | (1) | (1)
Net transfers from (to) separate account |  |  | (619) | (146)
Interest credited |  |  | 403 | 328
Change in fair value of embedded derivative instrument and other |  |  | 317 | 1,842
Balance as of end-of-period | $ 37,026 | $ 32,853 | $ 37,026 | $ 32,853
Weighted-average crediting rate | 2.30% | 2.10% | 2.30% | 2.10%
Net amount at risk | $ 1,689 | $ 2,135 | $ 1,689 | $ 2,135
Cash surrender value | 35,740 | 31,650 | 35,740 | 31,650
Fixed Annuities |  |  |  |
Policyholder Account Balance [Roll Forward] |  |  |  |
Balance as of beginning-of-year |  |  | 25,963 | 25,355
Gross deposits |  |  | 2,099 | 2,646
Withdrawals |  |  | (1,744) | (2,602)
Policyholder assessments |  |  | (30) | (31)
Net transfers from (to) separate account |  |  | 0 | 0
Interest credited |  |  | 438 | 382
Change in fair value of embedded derivative instrument and other |  |  | 106 | 87
Balance as of end-of-period | $ 26,832 | $ 25,837 | $ 26,832 | $ 25,837
Weighted-average crediting rate | 3.30% | 3.00% | 3.30% | 3.00%
Net amount at risk | $ 272 | $ 221 | $ 272 | $ 221
Cash surrender value | 25,660 | 24,762 | 25,660 | 24,762
UL and Other |  |  |  |
Policyholder Account Balance [Roll Forward] |  |  |  |
Balance as of beginning-of-year |  |  | 36,599 | 37,180
Gross deposits |  |  | 1,713 | 1,743
Withdrawals |  |  | (818) | (753)
Policyholder assessments |  |  | (2,205) | (2,254)
Net transfers from (to) separate account |  |  | 63 | 113
Interest credited |  |  | 715 | 733
Change in fair value of embedded derivative instrument and other |  |  | 49 | 86
Balance as of end-of-period | $ 36,116 | $ 36,848 | $ 36,116 | $ 36,848
Weighted-average crediting rate | 3.90% | 4.00% | 3.90% | 4.00%
Net amount at risk | $ 296,496 | $ 299,869 | $ 296,496 | $ 299,869
Cash surrender value | 32,446 | 33,114 | 32,446 | 33,114
Retirement Plan Services |  |  |  |
Policyholder Account Balance [Roll Forward] |  |  |  |
Balance as of beginning-of-year |  |  | 23,619 | 23,784
Gross deposits |  |  | 1,921 | 1,636
Withdrawals |  |  | (2,433) | (2,275)
Policyholder assessments |  |  | (8) | (7)
Net transfers from (to) separate account |  |  | 254 | 120
Interest credited |  |  | 347 | 340
Change in fair value of embedded derivative instrument and other |  |  | 0 | 0
Balance as of end-of-period | $ 23,700 | $ 23,598 | $ 23,700 | $ 23,598
Weighted-average crediting rate | 3.00% | 2.90% | 3.00% | 2.90%
Net amount at risk | $ 2 | $ 3 | $ 2 | $ 3
Cash surrender value | $ 23,667 | $ 23,570 | $ 23,667 | $ 23,570

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- Definition Amount of cash to be paid to policyholder upon termination and surrender of long-duration contract issued by insurance entity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Subparagraph (b)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480081/944-40-50-7A Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 55 -Paragraph 29F -Publisher FASB -URI https://asc.fasb.org/1943274/2147480046/944-40-55-29F + Details
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