XML 120 R107.htm IDEA: XBRL DOCUMENT v3.25.1
Deferred Policy Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired - Schedule of Rollforward of Deferred Acquisition Costs and Value of Business Acquired (Details) - USD ($)
$ in Millions
5 Months Ended 7 Months Ended 12 Months Ended
May 24, 2022
Dec. 31, 2022
Dec. 31, 2024
Dec. 31, 2023
DAC        
Balance, beginning of period $ 1,498 $ 0 $ 572 $ 252
Additions 467 436 1,216 765
Amortization (227) (184) (463) (445)
Net change 240 252 753 320
Balance, end of period 1,738 252 1,325 572
DSI        
Balance, beginning of period 0 0 8 4
Additions 0 4 393 5
Amortization 0 0 (8) (1)
Net change 0 4 385 4
Balance, end of period 0 4 393 8
VOBA        
Balance, beginning of period 0 0 364 443
Acquisition from business combinations   578 7,239  
Additions 0 0 2,000  
Amortization 0 (135) (468) (79)
Other   0 (222)  
Net change 0 443 8,549 (79)
Balance, end of period 0 443 8,913 364
Total DAC, DSI, and VOBA Asset 1,738 699 10,631 944
Annuities        
DAC        
Balance, beginning of period 381 0 190 43
Additions 215 44 735 161
Amortization (9) (1) (38) (14)
Net change 206 43 697 147
Balance, end of period 587 43 887 190
DSI        
Balance, beginning of period 0 0 8 4
Additions 0 4 393 5
Amortization 0 0 (8) (1)
Net change 0 4 385 4
Balance, end of period 0 4 393 8
VOBA        
Balance, beginning of period 0 0 39 44
Acquisition from business combinations   46 7,239  
Additions 0 0 2,000  
Amortization 0 (2) (440) (5)
Other   0 0  
Net change 0 44 8,799 (5)
Balance, end of period 0 44 8,838 39
Total DAC, DSI, and VOBA Asset 587 91 10,118 237
Property and Casualty        
DAC        
Balance, beginning of period 161 0 164 121
Additions 176 280 373 465
Amortization (166) (159) (405) (422)
Net change 10 121 (32) 43
Balance, end of period 171 121 132 164
DSI        
Balance, beginning of period 0 0 0 0
Additions 0 0 0 0
Amortization 0 0 0 0
Net change 0 0 0 0
Balance, end of period 0 0 0 0
VOBA        
Balance, beginning of period 0 0 20 64
Acquisition from business combinations   181 0  
Additions 0 0 0  
Amortization 0 (117) (10) (44)
Other   0 0  
Net change 0 64 (10) (44)
Balance, end of period 0 64 10 20
Total DAC, DSI, and VOBA Asset 171 185 142 184
Life Insurance        
DAC        
Balance, beginning of period 956 0 218 88
Additions 76 112 108 139
Amortization (52) (24) (20) (9)
Net change 24 88 88 130
Balance, end of period 980 88 306 218
DSI        
Balance, beginning of period 0 0 0 0
Additions 0 0 0 0
Amortization 0 0 0 0
Net change 0 0 0 0
Balance, end of period 0 0 0 0
VOBA        
Balance, beginning of period 0 0 305 335
Acquisition from business combinations   351 0  
Additions 0 0 0  
Amortization 0 (16) (18) (30)
Other   0 (222)  
Net change 0 335 (240) (30)
Balance, end of period 0 335 65 305
Total DAC, DSI, and VOBA Asset $ 980 $ 423 $ 371 $ 523