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Consolidated and Nonconsolidated Investment Entities (Tables)
 12 Months Ended
Dec. 31, 2024
Consolidated Investment Entities [Abstract]  
Fair Value, by Balance Sheet Grouping
The carrying values and estimated fair values of the Company's financial instruments as of the dates indicated:
December 31, 2024December 31, 2023
Carrying
Value		Fair
Value		Carrying
Value		Fair
Value
Assets:
Fixed maturities, including securities pledged$27,454 $27,454 $28,611 $28,611 
Equity securities246 246 236 236 
Mortgage loans on real estate4,699 4,459 5,218 4,941 
Policy loans342 342 352 352 
Cash, cash equivalents, short-term investments and short-term investments under securities loan agreements2,535 2,535 2,165 2,165 
Derivatives303 303 311 311 
Embedded derivatives on reinsurance
55 55 61 61 
Other investments, including securities pledged
74 74 64 64 
Assets held in separate accounts101,676 101,676 93,133 93,133 
Liabilities:
Investment contract liabilities:
Funding agreements without fixed maturities and deferred annuities(1)
$31,082 $32,877 $32,848 $34,856 
Funding agreements with fixed maturities 1,249 1,257 1,175 1,178 
Supplementary contracts, immediate annuities and other570 515 628 571 
Stabilizer and MCGs19 19 9 9 
Derivatives332 332 371 371 
Embedded derivatives on reinsurance
41 41 49 49 
Short-term debt399 399 1 1 
Long-term debt2,103 2,023 2,097 1,998 
(1) Certain amounts included in Funding agreements without fixed maturities and deferred annuities are also reflected within the Stabilizer and MCGs section of the table above.
The following table summarizes the fair value hierarchy levels of consolidated investment entities as of December 31, 2024:
Level 1Level 2Level 3NAVTotal
Assets
VIEs
Cash and cash equivalents
$113 $— $— $— $113 
Corporate loans
— 1,434 — — 1,434 
Limited partnerships/corporations
— — — 3,067 3,067 
Other investments(1)
— — 53 — 53 
VOEs
Cash and cash equivalents2 — — — 2 
Other investments(1)
— — — 50 50 
Total assets
$115 $1,434 $53 $3,117 $4,719 
Liabilities
VIEs
CLO notes
$— $1,101 $— $— $1,101 
Total liabilities
$— $1,101 $— $— $1,101 
(1) VIEs and VOEs - Other investments are reflected in Assets related to consolidated investment entities - Other assets on the Company's Consolidated Balance Sheets.
The following table summarizes the fair value hierarchy levels of consolidated investment entities as of December 31, 2023:
Level 1Level 2Level 3NAVTotal
Assets
VIEs
Cash and cash equivalents$181 $— $— $— $181 
Corporate loans
— 1,404 — — 1,404 
Limited partnerships/corporations
— — — 2,861 2,861 
Total assets
$181 $1,404 $— $2,861 $4,446 
Liabilities
VIEs
CLO notes
$— $1,332 $— $— $1,332 
Total liabilities
$— $1,332 $— $— $1,332