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Accumulated Other Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Income
The components of and changes in the accumulated other comprehensive income (“AOCI”), and the related tax effects, are shown below:
Change in
Net Unrealized
Investment
Gains (Losses)
Change in
Discount Rate
for Future
Policy Benefits
Change in
Instrument-
Specific
Credit Risk
for Market
Risk Benefit
Defined
Benefit
Pension
Plan
Adjustment
Foreign
Currency
Translation /
Other
Total
(Dollars in millions)
Balance as of January 1, 2024$(299)$105 $1 $85 $(1)$(109)
Other comprehensive income (loss) before reclassifications(56)128 (11)5 (3)63 
Amounts reclassified to (from) AOCI
— — — — — — 
Deferred income tax benefit (expense)
12 (26)2 (1)— (13)
Balance at March 31, 2024(343)207 (8)89 (4)(59)
Other comprehensive income (loss) before reclassifications489 101 18 19 10 637 
Amounts reclassified to (from) AOCI4 — — — — 4 
Deferred income tax benefit (expense)(106)(21)(4)(4)(2)(137)
Balance at June 30, 2024$44 $287 $6 $104 $4 $445 
Balance as of January 1, 2023$(722)$253 $21 $1 $(1)$(448)
Other comprehensive income (loss) before reclassifications
261 (106)(7)3 — 151 
Amounts reclassified to (from) AOCI
20 — — — — 20 
Deferred income tax benefit (expense) and other
59 — — (1)— 58 
Balance at March 31, 2023(382)147 14 3 (1)(219)
Other comprehensive income (loss) before reclassifications(269)63 (8)4 — (210)
Amounts reclassified to (from) AOCI10 — — (2)— 8 
Deferred income tax benefit (expense)43 — — — — 43 
Balance at June 30, 2023$(598)$210 $6 $5 $(1)$(378)