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Investments (Tables)
 6 Months Ended
Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Fixed Maturity Securities Available-for-Sale by Sector
The following table presents fixed maturity securities AFS by sector. U.S. corporate and foreign corporate sectors include redeemable preferred stock. Residential mortgage-backed securities (“RMBS”) includes agency, prime, prime investor, non-qualified residential mortgage, alternative, reperforming and sub-prime mortgage-backed securities. ABS & CLO includes securities collateralized by consumer loans, corporate loans and broadly syndicated bank loans. Municipals includes taxable and tax-exempt revenue bonds and, to a much lesser extent, general obligations of states, municipalities and political subdivisions. Commercial mortgage-backed securities (“CMBS”) primarily includes securities collateralized by multiple commercial mortgage loans. RMBS, ABS & CLO and CMBS are, collectively, “Structured Products.”
June 30, 2024December 31, 2023
Amortized
Cost		Gross UnrealizedEstimated
Fair
Value		Amortized
Cost		Gross UnrealizedEstimated
Fair
Value
Sector
Allowance
for
Credit Loss
(“ACL”)
GainsLosses
ACL
Gains
Losses
(In millions)
U.S. corporate$87,346 $(37)$1,573 $8,204 $80,678 $85,563 $(68)$1,894 $6,672 $80,717 
Foreign corporate
58,031 (2)1,513 6,123 53,419 59,123 (2)1,750 5,427 55,444 
Foreign government
44,444 (58)1,071 5,403 40,054 48,260 (88)1,754 4,437 45,489 
U.S. government and agency37,991 — 238 4,991 33,238 35,374 — 590 3,712 32,252 
RMBS35,366 (1)305 3,054 32,616 31,479 (1)353 2,735 29,096 
ABS & CLO
18,207 (9)89 512 17,775 17,910 (7)54 663 17,294 
Municipals11,642 — 229 1,401 10,470 11,991 — 408 1,228 11,171 
CMBS10,164 (14)78 742 9,486 10,855 (18)73 961 9,949 
Total fixed maturity securities AFS
$303,191 $(121)$5,096 $30,430 $277,736 $300,555 $(184)$6,876 $25,835 $281,412 
Available-for-sale fixed maturity securities by contractual maturity date
The amortized cost, net of ACL, and estimated fair value of fixed maturity securities AFS, by contractual maturity date, were as follows at June 30, 2024:
Due in One
Year or Less		Due After
One Year
Through
Five Years		Due After
Five Years
Through
Ten Years		Due After
Ten Years		Structured
Products
Total Fixed
Maturity
Securities
AFS
(In millions)
Amortized cost, net of ACL$11,450 $48,991 $52,138 $126,778 $63,713 $303,070 
Estimated fair value$11,484 $48,300 $49,969 $108,106 $59,877 $277,736 
Schedule of Unrealized Loss on Investments [Table Text Block]
The following table presents the estimated fair value and gross unrealized losses of fixed maturity securities AFS in an unrealized loss position without an ACL by sector and aggregated by length of time that the securities have been in a continuous unrealized loss position.
June 30, 2024December 31, 2023
Less than 12 MonthsEqual to or Greater
than 12 Months		Less than 12 MonthsEqual to or Greater
than 12 Months
Sector & Credit QualityEstimated
Fair
Value		Gross
Unrealized
Losses		Estimated
Fair
Value		Gross
Unrealized
Losses		Estimated
Fair
Value		Gross
Unrealized
Losses		Estimated
Fair
Value		Gross
Unrealized
Losses
(Dollars in millions)
U.S. corporate$9,292 $745 $43,435 $7,432 $4,722 $420 $45,373 $6,208 
Foreign corporate6,069 226 29,622 5,897 3,210 187 32,355 5,240 
Foreign government5,939 599 17,192 4,795 3,913 246 19,715 4,187 
U.S. government and agency9,778 439 16,053 4,552 7,856 368 13,960 3,344 
RMBS5,169 106 17,954 2,947 3,465 60 17,128 2,675 
ABS & CLO1,501 9 7,125 502 1,662 31 11,438 629 
Municipals1,052 96 5,370 1,305 483 34 5,449 1,194 
CMBS1,301 18 5,867 722 1,034 36 6,671 917 
Total fixed maturity securities AFS
$40,101 $2,238 $142,618 $28,152 $26,345 $1,382 $152,089 $24,394 
Investment grade$37,786 $2,114 $137,638 $27,415 $24,834 $1,287 $146,138 $23,675 
Below investment grade2,315 124 4,980 737 1,511 95 5,951 719 
Total fixed maturity securities AFS
$40,101 $2,238 $142,618 $28,152 $26,345 $1,382 $152,089 $24,394 
Total number of securities in an unrealized loss position5,529 12,516 2,922 13,049 
Debt Securities, Available-for-sale, Allowance for Credit Loss
The rollforward of ACL for fixed maturity securities AFS by sector is as follows:
U.S.
 Corporate		Foreign
Corporate		Foreign
Government		RMBSABS & CLOCMBSTotal
(In millions)
Three Months Ended June 30, 2024
Balance, at beginning of period$15 $2 $66 $1 $9 $20 $113 
ACL not previously recorded14 — — — — — 14 
Changes for securities with previously recorded ACL11 — (1)— — — 10 
Securities sold or exchanged(3)— (7)— — (6)(16)
Balance, at end of period$37 $2 $58 $1 $9 $14 $121 
Three Months Ended June 30, 2023
Balance, at beginning of period$63 $2 $117 $— $— $11 $193 
ACL not previously recorded— — — — — — — 
Changes for securities with previously recorded ACL6 — (2)— — — 4 
Securities sold or exchanged— — — — — — — 
Balance, at end of period$69 $2 $115 $— $— $11 $197 

U.S.
 Corporate		Foreign
Corporate		Foreign
Government
RMBS
ABS & CLO
CMBSTotal
(In millions)
Six Months Ended June 30, 2024
Balance, at beginning of period$68 $2 $88 $1 $7 $18 $184 
ACL not previously recorded14 — — — — — 14 
Changes for securities with previously recorded ACL11 — (5)— 2 2 10 
Securities sold or exchanged(56)— (25)— — (6)(87)
Balance, at end of period$37 $2 $58 $1 $9 $14 $121 
Six Months Ended June 30, 2023
Balance, at beginning of period$29 $5 $130 $— $— $19 $183 
ACL not previously recorded36 — — — — — 36 
Changes for securities with previously recorded ACL6 — (15)— — 3 (6)
Securities sold or exchanged(2)(3)— — — (11)(16)
Balance, at end of period$69 $2 $115 $— $— $11 $197 
Debt Securities, Trading, and Equity Securities, FV-NI
The following table presents equity securities by security type:
June 30, 2024December 31, 2023
CostNet Unrealized
Gains (Losses) (1)
Estimated
Fair
Value
CostNet Unrealized
Gains (Losses) (1)		Estimated
Fair Value
Security Type
(In millions)
Common stock (2)
$403 $242 $645 $424 $239 $663 
Non-redeemable preferred stock110 (1)109 90 4 94 
Total
$513 $241 $754 $514 $243 $757 
________________
(1)    Represents cumulative changes in estimated fair value, recognized in earnings, and not in OCI.
(2)    Includes common stock, exchange traded funds, certain mutual funds and certain real estate investment trusts.
The following table presents these investments by asset type. Unit-linked investments are primarily equity securities (including mutual funds). FVO securities include fixed maturity and equity securities to support asset and liability management strategies for certain insurance products and investments in certain separate accounts.
June 30, 2024December 31, 2023
Cost or
Amortized
Cost		Net Unrealized
Gains (Losses) (1)
Estimated
Fair
Value
Cost or
Amortized
Cost		Net Unrealized
Gains (Losses) (1)		Estimated
Fair Value
Asset Type
(In millions)
Unit-linked investments
$7,176 $1,496 $8,672 $7,770 $1,112 $8,882 
FVO securities
837 597 1,434 972 477 1,449 
Total
$8,013 $2,093 $10,106 $8,742 $1,589 $10,331 
________________
(1)Represents cumulative changes in estimated fair value, recognized in earnings, and not in OCI.
Disclosure of Mortgage Loans Net of Valuation Allowance
Mortgage loans are summarized as follows at:
 June 30, 2024December 31, 2023
Portfolio SegmentCarrying
Value (1)		% of
Total		Carrying
Value (1)		% of
Total
(Dollars in millions)
Commercial$57,699 64.2 %$60,326 65.2 %
Agricultural19,636 21.9 19,805 21.4 
Residential13,273 14.8 13,096 14.2 
Total amortized cost90,608 100.9 93,227 100.8 
ACL
(806)(0.9)(721)(0.8)
Total mortgage loans$89,802 100.0 %$92,506 100.0 %
__________________
(1)Includes certain mortgage loans originated for third parties of $7.8 billion at amortized cost ($7.6 billion commercial and $253 million agricultural) and the related ACL of $92 million, with the corresponding mortgage loan secured financing liability of $7.8 billion included in other liabilities on the consolidated balance sheet at June 30, 2024. The consolidated balance sheet at December 31, 2023 includes certain mortgage loans originated for third parties of
$8.5 billion at amortized cost ($8.2 billion commercial and $246 million agricultural) and the related ACL of $73 million, with the corresponding mortgage loan secured financing liability of $8.5 billion included in other liabilities. The investment income on the mortgage loans originated for third parties and the interest expense on the related mortgage loan secured financing liability was $91 million and $184 million for the three months and six months ended June 30, 2024, respectively, and were recorded in investment income and investment expenses, both within net investment income.
Allowance for Loan and Lease Losses, Provision for Loss, Net
The rollforward of ACL for mortgage loans, by portfolio segment, is as follows:
Six Months
Ended
June 30,
20242023
CommercialAgriculturalResidentialTotalCommercialAgriculturalResidentialTotal
(In millions)
Balance, beginning of period
$367 $172 $182 $721 $218 $119 $190 $527 
Provision (release)155 6 (41)120 148 49 13 210 
Charge-offs, net of recoveries
(28)(7)— (35)— (13)— (13)
Balance, end of period
$494 $171 $141 $806 $366 $155 $203 $724 
Financing Receivable, Modified
These mortgage loan modifications are summarized as follows:
Three Months Ended June 30,
2024
2023
Maturity
Extension
Weighted Average
 Life Increase
Maturity
Extension
Weighted Average
 Life Increase
Amortized
Cost
Affected Loans
 (in Years)
% of Book
Value
Amortized
Cost
Affected Loans
 (in Years)
% of Book
Value
(Dollars in millions)
Commercial$156 Less than one year<1%$158 
One year
<1%
Six Months Ended June 30,
2024
2023
Maturity
Extension
Weighted Average
 Life Increase
Maturity
Extension
Weighted Average
 Life Increase
Amortized
Cost
Affected Loans
 (in Years)
% of Book
Value
Amortized
Cost
Affected Loans
 (in Years)
% of Book
Value
(Dollars in millions)
Commercial$236 Less than one year<1%$222 Less than one year <1 %
Disclosure of the mortgage loans portfolio segment by the recorded investment, prior to valuation allowances, by credit quality indicator categories
The amortized cost of commercial mortgage loans by credit quality indicator and vintage year was as follows at June 30, 2024:
Credit Quality Indicator20242023202220212020PriorRevolving
Loans		Total% of
Total
(Dollars in millions)
LTV ratios:
Less than 65%
$1,481 $2,526 $2,432 $3,216 $1,596 $14,427 $2,251 $27,929 48.4 %
65% to 75%
91 361 4,400 2,497 1,341 6,142 — 14,832 25.7 
76% to 80%
— 15 588 386 293 2,745 — 4,027 7.0 
Greater than 80%
1 43 895 1,118 948 7,906 — 10,911 18.9 
Total
$1,573 $2,945 $8,315 $7,217 $4,178 $31,220 $2,251 $57,699 100.0 %
DSCR:
> 1.20x
$1,436 $2,145 $7,503 $6,696 $3,880 $26,446 $2,251 $50,357 87.3 %
1.00x - 1.20x
35 531 572 488 139 2,751 — 4,516 7.8 
<1.00x
102 269 240 33 159 2,023 — 2,826 4.9 
Total
$1,573 $2,945 $8,315 $7,217 $4,178 $31,220 $2,251 $57,699 100.0 %
The amortized cost of agricultural mortgage loans by credit quality indicator and vintage year was as follows at June 30, 2024:
Credit Quality Indicator20242023202220212020PriorRevolving
Loans		Total% of
Total
(Dollars in millions)
LTV ratios:
Less than 65%
$342 $1,152 $2,783 $2,639 $2,626 $7,263 $1,424 $18,229 92.9 %
65% to 75%
8 51 87 294 147 547 129 1,263 6.4 
76% to 80%
— — — — — — — — — 
Greater than 80%
— — — 14 32 79 19 144 0.7 
Total
$350 $1,203 $2,870 $2,947 $2,805 $7,889 $1,572 $19,636 100.0 %
The amortized cost of residential mortgage loans by credit quality indicator and vintage year was as follows at June 30, 2024:
Credit Quality Indicator20242023202220212020PriorRevolving
Loans		Total% of
Total
(Dollars in millions)
Performance indicators:
Performing
$241 $944 $2,493 $1,612 $324 $7,252 $— $12,866 96.9 %
Nonperforming (1)
1 22 67 25 13 279 — 407 3.1 
Total
$242 $966 $2,560 $1,637 $337 $7,531 $— $13,273 100.0 %
__________________
(1)Includes residential mortgage loans in process of foreclosure of $140 million at both June 30, 2024 and December 31, 2023.
Schedule of Past Due and Non Accrual Mortgage Loans The past due and nonaccrual mortgage loans at amortized cost, prior to ACL by portfolio segment, were as follows:
Past DuePast Due
 and Still Accruing Interest		Nonaccrual
Portfolio SegmentJune 30, 2024December 31, 2023June 30, 2024December 31, 2023June 30, 2024December 31, 2023
(In millions)
Commercial$660 $75 $38 $3 $741 $427 
Agricultural194 40 15 — 189 206 
Residential407 418 17 16 390 402 
Total$1,261 $533 $70 $19 $1,320 $1,035 
Disclosure Real Estate and Real Estate Joint Ventures Real estate investments, by income type, as well as income earned, were as follows at and for the periods indicated:
 June 30, 2024December 31, 2023Three Months
Ended
June 30,		Six Months
Ended
June 30,
 2024202320242023
Income TypeCarrying ValueIncome
(In millions)
Wholly-owned real estate:
Leased real estate$4,242 $4,446 $83 $90 $167 $182 
Other real estate520 507 78 85 125 135 
REJV
8,755 8,379 (81)(38)(202)(154)
Total real estate and REJV
$13,517 $13,332 $80 $137 $90 $163 
Fair Value, Concentration of Risk
Investments in any counterparty that were greater than 10% of the Company’s equity, other than the U.S. government and its agencies, at estimated fair value, were in fixed income securities of the following foreign governments and their agencies:
June 30, 2024December 31, 2023
(In millions)
Japan$18,786 $22,606 
South Korea$6,038 $6,411 
Mexico$3,375 $3,778 
Securities Lending and Repurchase Agreements
A summary of these transactions and agreements accounted for as secured borrowings were as follows:
June 30, 2024December 31, 2023
Securities (1)Securities (1)
Agreement TypeEstimated
Fair Value
Cash Collateral
Received from
Counterparties (2)
Reinvestment
Portfolio at
Estimated Fair
Value		Estimated
Fair Value
Cash Collateral
Received from
Counterparties (2)
Reinvestment
Portfolio at
Estimated Fair
Value
(In millions)
Securities lending
$10,787 $11,159 $10,953 $10,510 $10,788 $10,553 
Repurchase agreements
$2,984 $2,975 $2,912 $3,029 $2,975 $2,913 
__________________
(1)These securities were included within fixed maturity securities AFS, short-term investments, and cash equivalents at both June 30, 2024 and December 31, 2023.
(2)The liability for cash collateral is included within payables for collateral under securities loaned and other transactions.
Contractual maturities of these transactions and agreements accounted for as secured borrowings were as follows:
June 30, 2024December 31, 2023
Remaining MaturitiesRemaining Maturities
Security TypeOpen (1)1 Month
or Less
Over 1
Month
to 6
Months
Over 6
Months
to 1 Year		TotalOpen (1)1 Month
or Less
Over 1
Month
to 6
Months
Over 6
Months
to 1 Year		Total
(In millions)
Cash collateral liability by security type:
Securities lending:
U.S. government and agency
$2,280 $3,785 $3,805 $— $9,870 $1,393 $4,106 $3,919 $— $9,418 
Foreign government
— 1,107 — — 1,107 — 483 624 — 1,107 
Agency RMBS— 109 73 — 182 — 88 175 — 263 
Total
$2,280 $5,001 $3,878 $— $11,159 $1,393 $4,677 $4,718 $— $10,788 
Repurchase agreements:
U.S. government and agency
$— $2,975 $— $— $2,975 $— $2,975 $— $— $2,975 
__________________
(1)The related security could be returned to the Company on the next business day, which would require the Company to immediately return the cash collateral.
Invested Assets on Deposit, Held in Trust and Pledged as Collateral
Invested assets on deposit, held in trust and pledged as collateral are presented below at estimated fair value for all asset classes, except mortgage loans, which are presented at carrying value, and were as follows at:
June 30, 2024December 31, 2023
(In millions)
Invested assets on deposit (regulatory deposits)
$1,510 $1,596 
Invested assets held in trust (external reinsurance agreements) (1)924 941 
Invested assets pledged as collateral (2)28,093 26,017 
Total invested assets on deposit, held in trust and pledged as collateral
$30,527 $28,554 
__________________
(1)    Represents assets held in trust related to third-party reinsurance agreements. Excludes assets held in trust related to reinsurance agreements between wholly-owned subsidiaries of $1.9 billion and $2.0 billion at June 30, 2024 and December 31, 2023, respectively.
(2)     The Company has pledged invested assets in connection with various agreements and transactions, including funding agreements, repurchase agreements and a collateral financing arrangement (see Notes 5, 16 and 17 of the Notes to the Consolidated Financial Statements included in the 2023 Annual Report). For information regarding invested assets pledged in connection with derivative transactions, see Note 11.
Schedule of Variable Interest Entities
The following table presents the total assets and total liabilities relating to investment-related VIEs for which the Company has concluded that it is the primary beneficiary and which are consolidated at:
June 30, 2024December 31, 2023
Asset TypeTotal
Assets		Total
Liabilities		Total
Assets		Total
Liabilities
(In millions)
Investment funds (primarily other invested assets and REJV)
$625 $141 $282 $1 
Renewable energy partnership (primarily other invested assets)61 — 64 — 
Total
$686 $141 $346 $1 
Unconsolidated VIEs
The carrying amount and maximum exposure to loss relating to VIEs in which the Company holds a significant variable interest but is not the primary beneficiary and which have not been consolidated were as follows at:
June 30, 2024December 31, 2023
Asset TypeCarrying
Amount		Maximum
Exposure
to Loss (1)		Carrying
Amount		Maximum
Exposure
to Loss (1)
(In millions)
Fixed maturity securities AFS (2)$57,716 $57,716 $54,182 $54,182 
Other limited partnership interests (“OLPI”)
13,398 18,197 14,034 19,591 
Other investments (REJV and FVO securities)
1,096 1,097 1,039 1,055 
Other invested assets1,079 1,215 1,206 1,275 
Total$73,289 $78,225 $70,461 $76,103 
__________________
(1)The maximum exposure to loss relating to fixed maturity securities AFS and FVO securities is equal to their carrying amounts or the carrying amounts of retained interests. The maximum exposure to loss relating to OLPI and REJV is equal to the carrying amounts plus any unrecognized unfunded commitments. For certain of its investments in other invested assets, the Company’s return is in the form of income tax credits which are guaranteed by creditworthy third parties. For such investments, the maximum exposure to loss is equal to the carrying amounts plus any unfunded commitments, reduced by income tax credits guaranteed by third parties. Such a maximum loss would be expected to occur only upon bankruptcy of the issuer or investee.
(2)For variable interests in Structured Products included within fixed maturity securities AFS, the Company’s involvement is limited to that of a passive investor in mortgage-backed or asset-backed securities issued by trusts that do not have substantial equity.
Components of Net Investment Income
The composition of net investment income by asset type was as follows:
Three Months
Ended
June 30,		Six Months
Ended
June 30,
Asset Type2024202320242023
(In millions)
Fixed maturity securities AFS
$3,355 $3,228 $6,643 $6,367 
Equity securities
7 10 14 22 
FVO securities
22 50 107 98 
Mortgage loans
1,187 1,306 2,381 2,347 
Policy loans
110 119 223 238 
Real estate and REJV80 137 90 163 
OLPI325 225 626 250 
Cash, cash equivalents and short-term investments
250 248 541 465 
Operating joint ventures
22 13 44 32 
Other
192 122 343 278 
Subtotal investment income5,550 5,458 11,012 10,260 
Less: Investment expenses
564 681 1,132 1,142 
Subtotal, net
4,986 4,777 9,880 9,118 
Unit-linked investments219 295 761 599 
Net investment income
$5,205 $5,072 $10,641 $9,717 
Net Investment Income Information
Net realized and unrealized gains (losses) recognized in net investment income:
Net realized gains (losses) from sales and disposals (primarily FVO securities and Unit-linked investments)
$66 $41 $134 $79 
Net unrealized gains (losses) from changes in estimated fair value (primarily FVO securities and Unit-linked investments)
139 330 719 652 
Net realized and unrealized gains (losses) recognized in net investment income
$205 $371 $853 $731 
Changes in estimated fair value subsequent to purchase of FVO securities and Unit-linked investments still held at the end of the respective periods and recognized in net investment income
$151 $291 $663 $591 
Equity method investments net investment income (primarily REJV, OLPI, tax credit and renewable energy partnerships and operating joint ventures)
$276 $172 $486 $79 
Components of Net Investment Gains (Losses)
The composition of net investment gains (losses) by asset type and transaction type was as follows:
Three Months
Ended
June 30,		Six Months
Ended
June 30,
Asset Type2024202320242023
(In millions)
Fixed maturity securities AFS
$(246)$(996)$(331)$(1,576)
Equity securities
(19)32 9 80 
Mortgage loans
(9)(41)(95)(205)
Real estate and REJV (excluding changes in estimated fair value)
12 13 47 31 
OLPI (excluding changes in estimated fair value) (1)
(9)3 (59)12 
Other gains (losses)
23 43 29 20 
Subtotal
(248)(946)(400)(1,638)
Change in estimated fair value of OLPI and REJV
3 2 6 (3)
Non-investment portfolio gains (losses)
(176)(95)(402)(82)
Subtotal
(173)(93)(396)(85)
Net investment gains (losses)$(421)$(1,039)$(796)$(1,723)
Transaction Type
Realized gains (losses) on investments sold or disposed (1)
$(195)$(20)$(330)$(566)
Impairment (losses)
— (898)— (905)
Recognized gains (losses):
Change in ACL recognized in earnings
(35)(42)(81)(224)
Unrealized net gains (losses) recognized in earnings(15)16 17 54 
Total recognized gains (losses)(50)(26)(64)(170)
Non-investment portfolio gains (losses)(176)(95)(402)(82)
Net investment gains (losses)$(421)$(1,039)$(796)$(1,723)
Net Investment Gains (Losses) Information
Changes in estimated fair value subsequent to purchase of equity securities
still held at the end of the respective periods and recognized in net investment gains (losses)
$(15)$31 $17 $20 
Other gains (losses) include:
Gains (losses) on disposed investments which were previously in a qualified cash flow hedging relationship
$— $(27)$— $(22)
Foreign currency gains (losses)$(120)$(27)$(165)$14 
Net Realized Investment Gains (Losses) From Sales and Disposals of Investments
Recognized in net investment gains (losses)
$(195)$(20)$(330)$(566)
Recognized in net investment income
66 41 134 79 
Net realized investment gains (losses) from sales and disposals of investments$(129)$21 $(196)$(487)
__________________
(1)    Includes a net loss of $3 million and $46 million during the three months and six months ended June 30, 2024 for private equity investments sold. During the three months ended June 30, 2024, the Company sold a $57 million portfolio of investments to a fund for proceeds of $54 million in cash and receivables secured by the value of the fund. During the six
months ended June 30, 2024, the Company sold $798 million in portfolios of investments to a fund for proceeds of $752 million in cash and receivables secured by the value of the fund. The Company’s investment management business has entered into an agreement to serve as the investment manager of the fund for which it will receive a management fee.
Schedule of Realized Gain (Loss)
The composition of net investment gains (losses) for these securities is as follows:
Three Months
Ended
June 30,		Six Months
Ended
June 30,
Fixed Maturity Securities AFS2024202320242023
(In millions)
Proceeds$8,106 $8,412 $14,458 $23,456 
Gross investment gains$121 $73 $277 $366 
Gross investment (losses)(358)(213)(670)(1,069)
Realized gains (losses) on sales and disposals(237)(140)(393)(703)
Net credit loss (provision) release (change in ACL recognized in earnings)(9)(7)62 (17)
Impairment (losses)— (849)— (856)
Net credit loss (provision) release and impairment (losses)(9)(856)62 (873)
Net investment gains (losses)$(246)$(996)$(331)$(1,576)
Equity Securities
Realized gains (losses) on sales and disposals$— $15 $(2)$22 
Unrealized net gains (losses) recognized in earnings(19)17 11 58 
Net investment gains (losses)$(19)$32 $9 $80