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Deferred Policy Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired - Schedule of Rollforward of Deferred Acquisition Costs and Value of Business Acquired (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
DAC          
Balance, beginning of period $ 607 $ 340 $ 572 $ 252  
Additions 295 219 483 401  
Amortization (85) (113) (238) (207)  
Net change 210 106 245 194  
Balance, end of period 817 446 817 446  
DSI          
Balance, beginning of period 9 5 8 4  
Additions 93 1 94 2  
Amortization 1 0 1 0  
Net change 94 1 95 2  
Balance, end of period 103 6 103 6  
VOBA          
Balance, beginning of period 356 406 364 443  
Acquisition from business combinations 7,194 0 7,194 0  
Additions 0 0 0 0  
Amortization (115) (19) (123) (56)  
Net change 7,079 (19) 7,071 (56)  
Balance, end of period 7,435 387 7,435 387  
Total DAC, DSI, and VOBA Asset 8,355 839 8,355 839 $ 944
Annuity          
DAC          
Balance, beginning of period 223 64 190 43  
Additions 191 66 230 90  
Amortization (8) (2) (14) (5)  
Net change 183 64 216 85  
Balance, end of period 406 128 406 128  
DSI          
Balance, beginning of period 9 5 8 4  
Additions 93 1 94 2  
Amortization 1 0 1 0  
Net change 94 1 95 2  
Balance, end of period 103 6 103 6  
VOBA          
Balance, beginning of period 38 43 39 44  
Acquisition from business combinations 7,194 0 7,194 0  
Additions 0 0 0 0  
Amortization (106) 0 (107) (1)  
Net change 7,088 0 7,087 (1)  
Balance, end of period 7,126 43 7,126 43  
Total DAC, DSI, and VOBA Asset 7,635 177 7,635 177  
Life          
DAC          
Balance, beginning of period 249 131 224 88  
Additions 19 37 57 84  
Amortization 3 (6) (10) (10)  
Net change 22 31 47 74  
Balance, end of period 271 162 271 162  
DSI          
Balance, beginning of period 0 0 0 0  
Additions 0 0 0 0  
Amortization 0 0 0 0  
Net change 0 0 0 0  
Balance, end of period 0 0 0 0  
VOBA          
Balance, beginning of period 300 329 305 335  
Acquisition from business combinations 0 0 0 0  
Additions 0 0 0 0  
Amortization (7) (8) (12) (14)  
Net change (7) (8) (12) (14)  
Balance, end of period 293 321 293 321  
Total DAC, DSI, and VOBA Asset 564 483 564 483  
P&C          
DAC          
Balance, beginning of period 135 145 158 121  
Additions 85 116 196 227  
Amortization (80) (105) (214) (192)  
Net change 5 11 (18) 35  
Balance, end of period 140 156 140 156  
DSI          
Balance, beginning of period 0 0 0 0  
Additions 0 0 0 0  
Amortization 0 0 0 0  
Net change 0 0 0 0  
Balance, end of period 0 0 0 0  
VOBA          
Balance, beginning of period 18 34 20 64  
Acquisition from business combinations 0 0 0 0  
Additions 0 0 0 0  
Amortization (2) (11) (4) (41)  
Net change (2) (11) (4) (41)  
Balance, end of period 16 23 16 23  
Total DAC, DSI, and VOBA Asset $ 156 $ 179 $ 156 $ 179