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Policyholders' Account Balances (Tables)
 12 Months Ended
Dec. 31, 2024
Insurance [Abstract]  
Schedule of Changes in Policyholders' Account Balances
The balances and changes in policyholders’ account balances are as follows:
Year Ended December 31, 2024
Successor
AnnuitiesLife
Insurance		Total
(Dollars in millions)
Balance, beginning of period$14,694 $1,975 $16,669 
Issuances11,647 62 11,709 
Acquisition from business combination (b)
61,296 — 61,296 
Derecognition— — — 
Premiums received67 423 490 
Policy charges(442)(374)(816)
Surrenders and withdrawals(8,958)(66)(9,024)
Interest credited2,383 87 2,470 
Benefit payments(646)— (646)
Other5 — 5 
Balance, end of period$80,046 $2,107 $82,153 
Reconciling items:
Supplemental contracts$514 $— $514 
Variable universal life— 39 39 
Variable deferred annuity7 — 7 
Embedded derivative and other319 47 366 
Total PAB balance, end of period$80,886 $2,193 $83,079 
Weighted-average crediting rate4.19 %4.21 %
Net amount at risk (a)$12,475 $38,733 
Cash surrender value$73,832 $1,860 
(a)Net amount at risk is defined as the current guarantee amount in excess of the current account balance.
(b)Amount excludes $177 million of liabilities relating to supplemental contracts at acquisition date.
Year Ended December 31, 2023
Successor
AnnuitiesLife
Insurance		Total
(Dollars in millions)
Balance, beginning of period$12,012 $1,899 $13,911 
Issuances4,382 84 4,466 
Acquisition from business combination— — — 
Derecognition— — — 
Premiums received34 399 433 
Policy charges(39)(362)(401)
Surrenders and withdrawals(2,132)(110)(2,242)
Interest credited437 65 502 
Benefit payments— — — 
Net transfers from (to) separate accounts— — — 
Other— — — 
Balance, end of period$14,694 $1,975 $16,669 
Reconciling items:
Supplemental contracts$291 $— $291 
Variable universal life— 36 36 
Variable deferred annuity8 — 8 
Embedded derivative and other135 38 173 
Total PAB balance, end of period$15,128 $2,049 $17,177 
Weighted-average crediting rate3.27 %3.34 %
Net amount at risk (a)$417 $38,365 
Cash surrender value$15,000 $1,796 
Period From May 25, 2022 to December 31, 2022
Successor
AnnuitiesLife
Insurance		Total
(Dollars in millions)
Balance, beginning of period$11,603 $1,923 $13,526 
Issuances1,054 45 1,099 
Acquisition from business combination— — — 
Derecognition— — — 
Premiums received26 226 252 
Policy charges(10)(273)(283)
Surrenders and withdrawals(739)(38)(777)
Interest credited67 23 90 
Benefit payments— — — 
Net transfers from (to) separate accounts— — — 
Other11 (7)4 
Balance, end of period$12,012 $1,899 $13,911 
Reconciling items:
Supplemental contracts$305 $— $305 
Variable universal life— 43 43 
Variable deferred annuity17 — 17 
Embedded derivative and other29 5 34 
Total PAB balance, end of period$12,363 $1,947 $14,310 
Weighted-average crediting rate0.66 %0.87 %
Net amount at risk (a)$313 $35,899 
Cash surrender value$10,899 $1,694 
(a)Net amount at risk is defined as the current guarantee amount in excess of the current account balance.
Schedule of Account Values by Range of Guaranteed Minimum Crediting Rates
The balance of account values by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between rates being credited to policyholders and the respective guaranteed minimums follow.
December 31, 2024
Range of
Guaranteed Minimum
Crediting Rate		At Guaranteed Minimum
 1 - 50 Basis Points Above
51 - 150 Basis Points Above
> 150 Basis Points Above
OtherTotal
(Dollars in millions)
Annuities
0% - 1%
$3,963 $2,838 $3,768 $4,787 $— $15,356 
1% - 2%
1,501 341 1,159 1,826 — 4,827 
2% - 3%
1,839 411 159 9,321 — 11,730 
Greater than 3%
282 7 2 9 — 300 
Products with either a fixed rate or no guaranteed minimum crediting rate— — — — 47,833 47,833 
Total$7,585 $3,597 $5,088 $15,943 $47,833 $80,046 
Life Insurance
0% - 1%
$— $— $— $— $— $— 
1% - 2%
32 2 60 735 — 829 
2% - 3%
422 — 222 — — 644 
Greater than 3%
634 — — — — 634 
Products with either a fixed rate or no guaranteed minimum crediting rate— — — — — — 
Total$1,088 $2 $282 $735 $— $2,107 
December 31, 2023
Range of
Guaranteed Minimum
Crediting Rate		At Guaranteed Minimum
1 - 50 Basis Points Above
51 - 150 Basis Points Above
> 150 Basis Points Above
OtherTotal
(Dollars in millions)
Annuities
0% - 1%
$2,485 $29 $483 $722 $— $3,719 
1% - 2%
668 430 1,943 2,137 — 5,178 
2% - 3%
827 409 56 4,224 — 5,516 
Greater than 3%
264 7 1 1 — 273 
Products with either a fixed rate or no guaranteed minimum crediting rate— — — — 8 8 
Total$4,244 $875 $2,483 $7,084 $8 $14,694 
Life Insurance
0% - 1%
$— $— $— $— $— $— 
1% - 2%
168 2 140 371 — 681 
2% - 3%
415 — 219 — — 634 
Greater than 3%
659 — — — — 659 
Products with either a fixed rate or no guaranteed minimum crediting rate— — — — 1 1 
Total$1,242 $2 $359 $371 $1 $1,975