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Notes Payable and Long Term Borrowings (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Subordinated Borrowing | Following is a summary of subordinated debt obligations to the trusts at September 30, 2024:
|  | September 30, 2024 |  |  |  | Interest Rate |  | Due Date
|  | (Dollars in millions) |  |  |  |
American Equity Capital Trust II |  | $ | 84 |  |  |  |  | 5 | % |  | June 1, 2047
Schedule of Maturity of Borrowings | The following is the maturity by year on long term borrowings:
| Payments Due by Year
| Total |  | Unamortized Discount and Issuance Costs |  | Less Than 1 year |  | 1-2 Years |  | 2-3 Years |  | 3-4 Years |  | 4-5 Years |  | More Than 5 Years
| (Dollars in millions)
As of September 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long term borrowings | $ | 2,959 |  |  | $ | (41) |  |  | $ | — |  |  | $ | — |  |  | $ | 2,400 |  |  | $ | — |  |  | $ | — |  |  | $ | 600 |
As of December 31, 2023: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long term borrowings | $ | 1,493 |  |  | $ | (7) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,000 |  |  | $ | — |  |  | $ | 500 |

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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
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- Definition Tabular disclosure of borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC uniform net capital rules for broker-dealers, including restrictive covenants, collateral, interest rates and due dates, amounts due by date and amount owed in total. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 470 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478878/942-470-45-1 + Details
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