Consolidated Balance Sheets - USD ($) $ in Millions		Jun. 30, 2025	Dec. 31, 2024
Investments:
Fixed maturities available-for-sale, at fair value (amortized cost of $86,819 and $84,717) (allowance for credit losses of $3 and $2)		$ 80,094	$ 76,641
Fixed maturities, at fair value using the fair value option	[1]	2,428	2,053
Mortgage loans on real estate (net of allowance for credit losses of $278 and $279)	[1]	21,536	20,072
Policy loans		4,355	4,330
Other equity investments	[1]	3,789	3,719
Trading securities, at fair value		1,295	1,089
Other invested assets	[1]	8,301	8,537
Total investments		121,798	116,441
Cash and cash equivalents	[1]	14,957	6,964
Cash and securities segregated, at fair value		483	500
Broker-dealer related receivables		1,933	1,961
Deferred policy acquisition costs		7,361	7,170
Goodwill and other intangible assets, net		5,342	5,371
Amounts due from reinsurers (allowance for credit losses of $7 and $8)		7,501	7,899
Current and deferred income taxes		1,749	2,003
Purchased market risk benefits		5,543	7,376
Other assets	[1]	3,962	4,462
Assets for market risk benefits		776	863
Separate Accounts assets		131,683	134,717
Total Assets		303,088	295,727
LIABILITIES
Policyholders’ account balances		123,359	110,929
Liability for market risk benefits		10,187	11,810
Future policy benefits and other policyholders’ liabilities		17,557	17,613
Broker-dealer related payables		1,454	775
Customer related payables		1,885	1,933
Amounts due to reinsurers		1,350	1,421
Long-term debt		4,332	3,833
Notes issued by consolidated variable interest entities, at fair value using the fair value option	[1]	2,471	2,116
Other liabilities	[1]	5,847	7,032
Separate Accounts liabilities		131,683	134,717
Total Liabilities		300,125	292,179
Redeemable noncontrolling interest	[1],[2]	358	125
Commitments and contingent liabilities	[3]
Equity attributable to Holdings:
Preferred stock and additional paid-in capital, $1 par value and $25,000 liquidation preference		1,228	1,507
Common stock, $0.01 par value, 2,000,000,000 shares authorized; 472,699,844 and 477,801,636 shares issued, respectively; 301,768,056 and 309,900,248 shares outstanding, respectively		5	5
Additional paid-in capital		1,901	2,336
Treasury stock, at cost,$170,931,788 and 167,901,388 shares, respectively		(4,423)	(4,198)
Retained earnings		9,870	10,627
Accumulated other comprehensive income (loss)		(7,432)	(8,712)
Total equity attributable to Holdings		1,149	1,565
Noncontrolling interest		1,456	1,858
Total Equity		2,605	3,423
Total Liabilities, Redeemable Noncontrolling Interest and Equity		$ 303,088	$ 295,727

[1] See Note 2 of the Notes to these Consolidated Financial Statements for details of balances with VIEs.

[2] See Note 15 of the Notes to these Consolidated Financial Statements for details of redeemable noncontrolling interest.

[3] See Note 16 of the Notes to these Consolidated Financial Statements for details of commitments and contingent liabilities.