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Fair Value of Financial Instruments - Schedule of Carrying Amount and Fair Value of Financial Instruments (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Financial assets:            
Equity securities $ 1,200   $ 1,404      
Policy loans 401   390      
Short-term investments 1,945   2,397      
Derivative assets $ 1,610   $ 227      
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other invested assets   Other invested assets      
Other assets - market risk benefit assets $ 704   $ 34      
Separate account assets 1,266   1,189      
Financial liabilities:            
Market risk benefits 3,276   34      
Separate account liabilities 1,266 $ 1,285 1,189 $ 1,145 $ 1,098 $ 1,045
Separate accounts not subject to fair value hierarchy 32   26      
Other invested assets 955   120      
Carrying Amount            
Financial assets:            
Fixed maturity securities, available for sale 46,480   12,877      
Equity securities 1,200   1,404      
Policy loans 401   390      
Short-term investments 1,945   2,397      
Derivative assets 1,610   227      
Collaterals received on derivatives (excluding excess collateral) (1,587)   (226)      
Separately managed accounts 89   105      
Other invested assets - other 832   14      
Cash and cash equivalents 13,895   3,192      
Reinsurance recoverables and deposit assets 15,261   0      
Other assets - market risk benefit assets 704   34      
Separate account assets 1,266   1,189      
Total financial assets 95,862   27,455      
Financial liabilities:            
Policyholders’ account balances – embedded derivative 1,196   873      
Policyholders' account balances, excluding embedded derivative 76,797   14,097      
Market risk benefits 3,276   34      
Funds withheld liabilities 79   0      
Notes payable 657   174      
Long term borrowings 2,476   1,493      
Separate account liabilities 1,266   1,189      
Total financial liabilities 85,747   17,860      
Carrying Amount | Mortgage Receivable            
Financial assets:            
Financing receivables 12,042   5,658      
Carrying Amount | Private Loan            
Financial assets:            
Financing receivables 1,724   194      
Fair Value            
Financial assets:            
Fixed maturity securities, available for sale 46,480   12,877      
Equity securities 1,200   1,404      
Policy loans 401   390      
Short-term investments 1,945   2,397      
Derivative assets 1,610   227      
Collaterals received on derivatives (excluding excess collateral) (1,587)   (226)      
Separately managed accounts 89   105      
Other invested assets - other 832   14      
Cash and cash equivalents 13,895   3,192      
Reinsurance recoverables and deposit assets 14,196   0      
Other assets - market risk benefit assets 704   34      
Separate account assets 1,266   1,189      
Total financial assets 94,572   27,202      
Financial liabilities:            
Policyholders’ account balances – embedded derivative 1,196   873      
Policyholders' account balances, excluding embedded derivative 76,797   14,097      
Market risk benefits 3,276   34      
Funds withheld liabilities 79   0      
Notes payable 657   174      
Long term borrowings 2,458   1,493      
Separate account liabilities 1,266   1,189      
Total financial liabilities 85,729   17,860      
Fair Value | Mortgage Receivable            
Financial assets:            
Financing receivables 11,812   5,405      
Fair Value | Private Loan            
Financial assets:            
Financing receivables 1,729   194      
Portion at Other than Fair Value Measurement            
Financial liabilities:            
Other invested assets $ 407   $ 14