XML 128 R118.htm IDEA: XBRL DOCUMENT v3.23.2
Fair Value (Recurring Fair Value Measurements) (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Jan. 01, 2021
Dec. 31, 2020
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS $ 283,857 $ 276,780    
Equity securities 769 1,684    
Unit-linked and FVO Securities (1) 10,204 9,668    
Short-term investments (2) 6,921 4,935    
Derivative assets 10,035 11,411    
Market risk benefits 279 280    
Reinsured MRB Assets     $ 51 $ 0
Separate account assets 145,946 146,038    
Liabilities [Abstract]        
Derivative liabilities 6,176 6,975    
Embedded derivatives within liability host contracts 64 17    
Market risk benefits 3,259 3,763 $ 7,901  
Separate account liabilities 145,946 146,038    
Recurring        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 283,857 276,780    
Equity securities 769 1,684    
Unit-linked and FVO Securities (1) 10,204 9,668    
Short-term investments (2) 6,609 4,573    
Other investments 1,311 1,132    
Derivative assets 10,035 11,411    
Market risk benefits 279 280    
Reinsured MRB Assets 18 23    
Separate account assets 145,946 146,038    
Total assets (6) 459,028 451,589    
Liabilities [Abstract]        
Derivative liabilities 6,176 6,975    
Embedded derivatives within liability host contracts 64 17    
Market risk benefits 3,259 3,763    
Total liabilities 9,510 10,796    
Recurring | Interest rate        
Assets [Abstract]        
Derivative assets 3,968 4,572    
Liabilities [Abstract]        
Derivative liabilities 2,669 3,558    
Recurring | Foreign currency exchange rate contracts        
Assets [Abstract]        
Derivative assets 5,396 5,888    
Liabilities [Abstract]        
Derivative liabilities 2,996 2,870    
Recurring | Credit        
Assets [Abstract]        
Derivative assets 205 151    
Liabilities [Abstract]        
Derivative liabilities 104 107    
Recurring | Equity market contracts        
Assets [Abstract]        
Derivative assets 466 800    
Liabilities [Abstract]        
Derivative liabilities 407 440    
Recurring | Derivative Liabilities Within Separate Accounts        
Liabilities [Abstract]        
Separate account liabilities 11 41    
Recurring | U.S. corporate        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 82,523 80,030    
Recurring | Foreign corporate        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 53,690 52,572    
Recurring | Foreign government        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 45,994 46,747    
Recurring | U.S. government and agency        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 33,129 32,229    
Recurring | RMBS        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 28,458 26,165    
Recurring | ABS & CLO        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 17,480 16,822    
Recurring | Municipals        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 12,324 12,152    
Recurring | CMBS        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 10,259 10,063    
Recurring | Level 1        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 16,798 15,959    
Equity securities 420 1,293    
Unit-linked and FVO Securities (1) 7,471 7,101    
Short-term investments (2) 5,897 3,830    
Other investments 0 0    
Derivative assets 12 18    
Market risk benefits 0 0    
Reinsured MRB Assets 0 0    
Separate account assets 66,293 65,107    
Total assets (6) 96,891 93,308    
Liabilities [Abstract]        
Derivative liabilities 27 5    
Embedded derivatives within liability host contracts 0 0    
Market risk benefits 0 0    
Total liabilities 34 13    
Recurring | Level 1 | Interest rate        
Assets [Abstract]        
Derivative assets 3 2    
Liabilities [Abstract]        
Derivative liabilities 1 1    
Recurring | Level 1 | Foreign currency exchange rate contracts        
Assets [Abstract]        
Derivative assets 0 8    
Liabilities [Abstract]        
Derivative liabilities 0 0    
Recurring | Level 1 | Credit        
Assets [Abstract]        
Derivative assets 0 0    
Liabilities [Abstract]        
Derivative liabilities 0 0    
Recurring | Level 1 | Equity market contracts        
Assets [Abstract]        
Derivative assets 9 8    
Liabilities [Abstract]        
Derivative liabilities 26 4    
Recurring | Level 1 | Derivative Liabilities Within Separate Accounts        
Liabilities [Abstract]        
Separate account liabilities 7 8    
Recurring | Level 1 | U.S. corporate        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 0 0    
Recurring | Level 1 | Foreign corporate        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 0 0    
Recurring | Level 1 | Foreign government        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 0 0    
Recurring | Level 1 | U.S. government and agency        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 16,744 15,955    
Recurring | Level 1 | RMBS        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 54 4    
Recurring | Level 1 | ABS & CLO        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 0 0    
Recurring | Level 1 | Municipals        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 0 0    
Recurring | Level 1 | CMBS        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 0 0    
Recurring | Level 2        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 236,470 232,048    
Equity securities 99 132    
Unit-linked and FVO Securities (1) 1,676 1,780    
Short-term investments (2) 694 686    
Other investments 347 206    
Derivative assets 9,945 11,094    
Market risk benefits 0 0    
Reinsured MRB Assets 0 0    
Separate account assets 78,404 79,703    
Total assets (6) 327,635 325,649    
Liabilities [Abstract]        
Derivative liabilities 5,857 6,501    
Embedded derivatives within liability host contracts 0 0    
Market risk benefits 0 0    
Total liabilities 5,860 6,516    
Recurring | Level 2 | Interest rate        
Assets [Abstract]        
Derivative assets 3,965 4,570    
Liabilities [Abstract]        
Derivative liabilities 2,376 3,153    
Recurring | Level 2 | Foreign currency exchange rate contracts        
Assets [Abstract]        
Derivative assets 5,332 5,670    
Liabilities [Abstract]        
Derivative liabilities 2,996 2,820    
Recurring | Level 2 | Credit        
Assets [Abstract]        
Derivative assets 198 69    
Liabilities [Abstract]        
Derivative liabilities 104 92    
Recurring | Level 2 | Equity market contracts        
Assets [Abstract]        
Derivative assets 450 785    
Liabilities [Abstract]        
Derivative liabilities 381 436    
Recurring | Level 2 | Derivative Liabilities Within Separate Accounts        
Liabilities [Abstract]        
Separate account liabilities 3 15    
Recurring | Level 2 | U.S. corporate        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 69,534 67,578    
Recurring | Level 2 | Foreign corporate        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 40,711 40,623    
Recurring | Level 2 | Foreign government        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 45,934 46,644    
Recurring | Level 2 | U.S. government and agency        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 16,385 16,274    
Recurring | Level 2 | RMBS        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 26,700 24,515    
Recurring | Level 2 | ABS & CLO        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 15,277 14,895    
Recurring | Level 2 | Municipals        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 12,317 12,152    
Recurring | Level 2 | CMBS        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 9,612 9,367    
Recurring | Level 3        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 30,589 28,773    
Equity securities 250 259    
Unit-linked and FVO Securities (1) 1,057 787    
Short-term investments (2) 18 57    
Other investments 964 926    
Derivative assets 78 299    
Market risk benefits 279 280    
Reinsured MRB Assets 18 23    
Separate account assets 1,249 1,228    
Total assets (6) 34,502 32,632    
Liabilities [Abstract]        
Derivative liabilities 292 469    
Embedded derivatives within liability host contracts 64 17    
Market risk benefits 3,259 3,763    
Total liabilities 3,616 4,267    
Recurring | Level 3 | Interest rate        
Assets [Abstract]        
Derivative assets 0 0    
Liabilities [Abstract]        
Derivative liabilities 292 404    
Recurring | Level 3 | Foreign currency exchange rate contracts        
Assets [Abstract]        
Derivative assets 64 210    
Liabilities [Abstract]        
Derivative liabilities 0 50    
Recurring | Level 3 | Credit        
Assets [Abstract]        
Derivative assets 7 82    
Liabilities [Abstract]        
Derivative liabilities 0 15    
Recurring | Level 3 | Equity market contracts        
Assets [Abstract]        
Derivative assets 7 7    
Liabilities [Abstract]        
Derivative liabilities 0 0    
Recurring | Level 3 | Derivative Liabilities Within Separate Accounts        
Liabilities [Abstract]        
Separate account liabilities 1 18    
Recurring | Level 3 | U.S. corporate        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 12,989 12,452    
Recurring | Level 3 | Foreign corporate        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 12,979 11,949    
Recurring | Level 3 | Foreign government        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 60 103    
Recurring | Level 3 | U.S. government and agency        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 0 0    
Recurring | Level 3 | RMBS        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 1,704 1,646    
Recurring | Level 3 | ABS & CLO        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 2,203 1,927    
Recurring | Level 3 | Municipals        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 7 0    
Recurring | Level 3 | CMBS        
Assets [Abstract]        
Estimated Fair Value of Fixed Maturity Securities AFS 647 696    
OLPI | Recurring        
Assets [Abstract]        
Investments, Fair Value Disclosure $ 65 $ 65