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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Investments:    
Available-for-sale fixed maturity securities, at fair value (net of allowance for credit losses of $37 and $24, respectively; amortized cost of $46,480 and $13,281, respectively) $ 46,480 $ 12,877
Equity securities, at fair value 1,200 1,404
Real estate and real estate partnerships (net of accumulated depreciation of $255 and $320, respectively) 6,329 3,611
Investment funds 2,642 1,592
Policy loans 401 390
Short-term investments 1,945 2,397
Other invested assets 955 120
Total investments 73,718 28,243
Cash and cash equivalents 13,895 3,192
Accrued investment income 684 196
Deferred policy acquisition costs, deferred sales inducements and value of business acquired 8,355 944
Premiums due and other receivables 430 484
Ceded unearned premiums 166 45
Deferred tax asset 233 291
Reinsurance recoverables and deposit assets 15,261 427
Property and equipment (net of accumulated depreciation of $340 and $333, respectively) 189 168
Intangible assets (net of accumulated amortization of $15 and $2, respectively) 1,612 44
Goodwill 754 121
Other assets 2,055 541
Separate account assets 1,266 1,189
Total assets 118,618 35,885
Liabilities    
Total future policy benefits 7,227 6,108
Policyholders’ account balances 80,489 17,177
Policy and contract claims 1,880 1,870
Market risk benefits 3,276 34
Unearned premium reserve 1,177 1,139
Other policyholder funds 343 335
Notes payable 657 174
Long term borrowings 2,476 1,493
Funds withheld for reinsurance liabilities 8,731 0
Separate account liabilities 1,266 1,189
Total liabilities 109,361 29,986
Equity    
Additional paid-in capital 6,935 5,185
Accumulated other comprehensive income (loss), net of taxes 445 (109)
Retained earnings 1,005 716
Non-controlling interests 187 107
Total equity 9,257 5,899
Total liabilities and equity 118,618 35,885
Mortgage Receivable    
Investments:    
Financing receivables 12,042 5,658
Private Loan    
Investments:    
Financing receivables 1,724 194
Related Party    
Liabilities    
Due to related parties 0 0
Nonrelated Party    
Liabilities    
Other liabilities $ 1,839 $ 467
Preferred stock, Series A; par value $1 per share; $25,000 per share liquidation preference; 20,000 shares authorized; issued and outstanding: 2024 - 16,000 shares 2023 - no shares    
Liabilities    
Debt Instrument, Convertible, Liquidation Preference, Per Share $ 25,000 $ 25,000
Equity    
Preferred stock $ 389 $ 0
Preferred stock, Series B; par value $1 per share; $25,000 per share liquidation preference; 12,000 shares authorized; issued and outstanding: 2024 - 12,000 shares 2023 - no shares    
Liabilities    
Debt Instrument, Convertible, Liquidation Preference, Per Share $ 25,000 $ 25,000
Equity    
Preferred stock $ 296 $ 0