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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Investments:    
Available-for-sale fixed maturity securities, at fair value (net of allowance for credit losses of $22 and $24, respectively; amortized cost of $43,949 and $13,281, respectively) $ 45,683 $ 12,877
Equity securities, at fair value 1,522 1,404
Real estate and real estate partnerships (net of accumulated depreciation of $235 and $320, respectively) 6,474 3,611
Investment funds 2,661 1,592
Policy loans 277 390
Short-term investments 3,674 2,397
Other invested assets 1,142 120
Total investments 76,024 28,243
Cash and cash equivalents 13,873 3,192
Accrued investment income 688 196
Deferred policy acquisition costs, deferred sales inducements and value of business acquired 8,376 944
Premiums due and other receivables 503 484
Ceded unearned premiums 165 45
Deferred tax asset 288 291
Reinsurance recoverables and deposit assets 18,015 427
Property and equipment (net of accumulated depreciation of $346 and $333, respectively) 187 168
Intangible assets (net of accumulated amortization of $35 and $2, respectively) 1,599 44
Goodwill 754 121
Other assets 1,885 541
Separate account assets 1,302 1,189
Total assets 123,659 35,885
Liabilities    
Future policy benefits 7,179 6,108
Policyholders’ account balances 82,413 17,177
Policy and contract claims 1,903 1,870
Market risk benefits 3,725 34
Unearned premium reserve 1,164 1,139
Other policyholder funds 348 335
Notes payable 179 174
Long term borrowings 2,959 1,493
Funds withheld for reinsurance liabilities 8,812 0
Separate account liabilities 1,302 1,189
Total liabilities 113,677 29,986
Equity    
Additional paid-in capital 6,942 5,185
Accumulated other comprehensive income (loss), net of taxes 1,481 (109)
Retained earnings 709 716
Non-controlling interests 165 107
Total equity 9,982 5,899
Total liabilities and equity 123,659 35,885
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    
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    
Equity    
Preferred stock 296 0
Related Party    
Liabilities    
Due to related parties 43 0
Nonrelated Party    
Liabilities    
Other liabilities 3,650 467
Mortgage loans on real estate, at amortized cost    
Investments:    
Private loans 11,866 5,658
Private loans    
Investments:    
Private loans $ 2,725 $ 194