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Derivative Financial Instruments - Effect of Derivatives (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Net investment income | $ 518 | $ 545 | $ 1,047 | $ 1,090
Net gains (losses) | (4) | (56) | 39 | (72)
Gain (loss) on derivative, net | 40 | 125 | 173 | 50
Not Designated as Hedging Instrument | Credit contracts |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) on derivative, net | 0 | 0 | (1) | (1)
Interest rate contracts | Not Designated as Hedging Instrument |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) on derivative, net | 39 | 114 | 165 | 58
Interest rate contracts | Cash Flow Hedging | Designated as Hedging Instrument | Other Comprehensive Income (Loss) |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0
Interest rate contracts | Cash Flow Hedging | Designated as Hedging Instrument | Investment Income [Member] |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0
Interest rate contracts | Fair Value Hedging | Investment Income [Member] |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) on derivative, net | 0 | 0 | 0 | 0
Interest rate contracts | Fair Value Hedging | Gain (Loss) on Investments [Member] |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) on derivative, net | 1 | 0 | 1 | 0
Interest rate contracts | Fair Value Hedging | Designated as Hedging Instrument | Investment Income [Member] |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) on derivative, net | 0 | 0 | 0 | 0
Interest rate contracts | Fair Value Hedging | Designated as Hedging Instrument | Gain (Loss) on Investments [Member] |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) on derivative, net | (1) | 0 | (1) | 0
Foreign exchange contracts | Not Designated as Hedging Instrument |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) on derivative, net | (1) | 0 | (3) | 1
Foreign exchange contracts | Cash Flow Hedging | Designated as Hedging Instrument | Other Comprehensive Income (Loss) |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income | 3 | (6) | 11 | (18)
Foreign exchange contracts | Cash Flow Hedging | Designated as Hedging Instrument | Investment Income [Member] |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income | 3 | 2 | 6 | 5
Gain (loss) on derivative, net | 2 | 2 | 5 | 5
Foreign exchange contracts | Cash Flow Hedging | Designated as Hedging Instrument | Gain (Loss) on Investments [Member] |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) on derivative, net | 1 | 0 | 1 | 0
Foreign exchange contracts | Fair Value Hedging | Investment Income [Member] |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) on derivative, net |  |  | 0 | 0
Foreign exchange contracts | Fair Value Hedging | Gain (Loss) on Investments [Member] |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) on derivative, net |  |  | (2) | 2
Foreign exchange contracts | Fair Value Hedging | Designated as Hedging Instrument | Investment Income [Member] |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) on derivative, net | 0 | 0 | 0 | 0
Foreign exchange contracts | Fair Value Hedging | Designated as Hedging Instrument | Gain (Loss) on Investments [Member] |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) on derivative, net | 1 | 0 | 4 | (1)
Embedded derivative on reinsurance |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) on derivative, net | 4 | 8 | 4 | (18)
Embedded derivative on reinsurance | Level 3 | Measured at fair value on a recurring basis |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Change in derivative instruments excluded from assessment of hedge effectiveness and recognized in earnings | 0 | 0 | 1 | 1
Gains (losses) from standalone derivatives recognized in Net gains (losses) | 0 | 0 | 1 | 0
Equity contracts | Not Designated as Hedging Instrument |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) on derivative, net | 1 | 5 | 11 | 8
Fixed maturities |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Net gains (losses) | (1) | (2) | (2) | (1)
Gain (loss) on derivative, net | (1) | (2) | (2) | (1)
Managed Custody Guarantees |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Net gains (losses) | (1) | 0 | 0 | 3
Gain (loss) on derivative, net | (1) | 0 | 0 | 3
Managed custody guarantees |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Net gains (losses) | (1) | 0 | (1) | 0
Gain (loss) on derivative, net | (1) | 0 | $ (1) | $ 0
Managed custody guarantees | Level 3 | Measured at fair value on a recurring basis |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gains (losses) from standalone derivatives recognized in Net gains (losses) | $ (2) | $ 0 |  |

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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
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