XML 33 R21.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Separate Accounts | 6 Months Ended
--- | ---
Jun. 30, 2024
Separate Accounts Disclosure [Abstract] |
Separate Accounts | (12) Separate Accounts The following table presents the balances of and changes in separate account liabilities, which are primarily comprised of variable annuity products, as of and for the periods indicated:
(Amounts in millions) |  | June 30, 2024 |  |  | December 31, 2023 |
Beginning balance as of January 1 |  | $ | 4,509 |  |  | $ | 4,417 |
Premiums and deposits |  |  | 15 |  |  |  | 35 |
Policy charges |  |  | (52 | ) |  |  | (104 | )
Surrenders and withdrawals |  |  | (201 | ) |  |  | (361 | )
Benefit payments |  |  | (118 | ) |  |  | (190 | )
Investment performance |  |  | 399 |  |  |  | 716 |
Net transfers from (to) general account |  |  | 2 |  |  |  | (1 | )
Other charges |  |  | (1 | ) |  |  | (3 | )
Ending balance |  | $ | 4,553 |  |  | $ | 4,509 |
Cash surrender value (1) |  | $ | 4,550 |  |  | $ | 4,506 |
(1) | Cash surrender value represents the amount of the contractholders’ account balances that was distributable less certain surrender charges.
Separate Account Assets The following table presents the aggregate fair value of assets, by major investment asset category, supporting separate accounts as of the dates indicated:
(Amounts in millions) |  | June 30, 2024 |  |  | December 31, 2023 |
Equity funds |  | $ | 2,112 |  |  | $ | 2,018 |
Balanced funds |  |  | 1,900 |  |  |  | 1,927 |
Bond funds |  |  | 307 |  |  |  | 320 |
Money market funds |  |  | 234 |  |  |  | 244 |
Total |  | $ | 4,553 |  |  | $ | 4,509 |

X
- Definition The entire disclosure for separate account. Includes, but is not limited to, extent and terms of minimum guarantee. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -SubTopic 80 -Topic 944 -Publisher FASB -URI https://asc.fasb.org//944-80/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -SubTopic 80 -Topic 944 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480109/944-80-50-1 + Details
Name: | us-gaap_SeparateAccountTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SeparateAccountsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration