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v3.23.1

Deferred Policy Acquisition Costs, Value of Business Acquired and Other Intangibles (Information regarding DAC and VOBA) (Details) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021
Deferred Policy Acquisition Cost and Present Value of Future Profit [Line Items] |  |  |  |
Balance, end of period, Total DAC and VOBA | $ 5,027 |  | $ 5,084 |
Variable Annuities |  |  |  |
Deferred Policy Acquisition Cost and Present Value of Future Profit [Line Items] |  |  |  |
Balance, beginning of period, DAC | 2,508 | $ 2,718 | 2,718 | $ 2,912
Capitalization | 11 | 21 | 55 | 90
Amortization | (63) | (67) | (265) | (284)
Balance, end of period, DAC | 2,456 | 2,672 | 2,508 | 2,718
Balance, beginning of period, VOBA | 341 | 377 | 377 | 428
Amortization | (8) | (9) | (36) | (51)
Balance, end of period, VOBA | 333 | 368 | 341 | 377
Balance, end of period, Total DAC and VOBA | 2,789 | 3,040 | 2,849 | 3,095
Fixed Rate Annuities |  |  |  |
Deferred Policy Acquisition Cost and Present Value of Future Profit [Line Items] |  |  |  |
Balance, beginning of period, DAC | 107 | 89 | 89 | 64
Capitalization | 4 | 5 | 30 | 37
Amortization | (3) | (3) | (12) | (12)
Balance, end of period, DAC | 108 | 91 | 107 | 89
Balance, beginning of period, VOBA | 65 | 70 | 70 | 76
Amortization | (1) | (1) | (5) | (6)
Balance, end of period, VOBA | 64 | 69 | 65 | 70
Balance, end of period, Total DAC and VOBA | 172 | 160 | 172 | 159
Index-linked Annuities |  |  |  |
Deferred Policy Acquisition Cost and Present Value of Future Profit [Line Items] |  |  |  |
Balance, beginning of period, DAC | 1,213 | 1,081 | 1,081 | 886
Capitalization | 80 | 80 | 330 | 354
Amortization | (54) | (47) | (198) | (159)
Balance, end of period, DAC | 1,239 | 1,114 | 1,213 | 1,081
Balance, beginning of period, VOBA | 0 | 0 | 0 | 0
Amortization | 0 | 0 | 0 | 0
Balance, end of period, VOBA | 0 | 0 | 0 | 0
Balance, end of period, Total DAC and VOBA | 1,239 | 1,114 | 1,213 | 1,081
Term and Whole Life Insurance |  |  |  |
Deferred Policy Acquisition Cost and Present Value of Future Profit [Line Items] |  |  |  |
Balance, beginning of period, DAC | 405 | 462 | 462 | 527
Capitalization | 1 | 0 | (1) | (3)
Amortization | (14) | (15) | (56) | (62)
Balance, end of period, DAC | 392 | 447 | 405 | 462
Balance, beginning of period, VOBA | 5 | 6 | 6 | 8
Amortization | 0 | 0 | (1) | (2)
Balance, end of period, VOBA | 5 | 6 | 5 | 6
Balance, end of period, Total DAC and VOBA | 397 | 453 | 410 | 468
Universal Life Insurance |  |  |  |
Deferred Policy Acquisition Cost and Present Value of Future Profit [Line Items] |  |  |  |
Balance, beginning of period, DAC | 392 | 431 | 431 | 469
Capitalization | 3 | 2 | 11 | 16
Amortization | (12) | (13) | (50) | (54)
Balance, end of period, DAC | 383 | 420 | 392 | 431
Balance, beginning of period, VOBA | 48 | 54 | 54 | 61
Amortization | (1) | (2) | (6) | (7)
Balance, end of period, VOBA | 47 | 52 | 48 | 54
Balance, end of period, Total DAC and VOBA | $ 430 | $ 472 | $ 440 | $ 485

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