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Acquisitions - Summary of Consideration Transferred, Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Millions
May 02, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
May 25, 2022
May 24, 2022
Dec. 31, 2021
Liabilities assumed:              
Goodwill   $ 783 $ 121 $ 121 $ 0 $ 44 $ 44
AEL              
Fair value of consideration transferred:              
Cash $ 2,525            
BAM Shares transferred by Brookfield Wealth Solutions 1,111            
Fair value of the Brookfield Wealth Solutions’ pre-existing interest in AEL 897            
Total consideration 4,533            
Assets acquired:              
Investments 42,960            
Cash and cash equivalents 13,367            
Accrued investment income 414            
Value of business acquired 7,239            
Reinsurance recoverables and deposit assets 14,963            
Property and equipment 42            
Intangible assets 1,540            
Other assets 671            
Total assets acquired 81,196            
Liabilities assumed:              
Future policy benefits 311            
Policyholders’ account balances 61,473            
Market risk benefits 3,023            
Notes payable 768            
Subsidiary borrowings 84            
Funds withheld for reinsurance liabilities 8,601            
Other liabilities 2,352            
Total liabilities assumed 76,612            
Less: Fair value of AEL preferred stock 685            
Less: Non-controlling interest 28            
Net assets acquired 3,871            
Goodwill $ 662 $ 662