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Consolidated Statements of Cash Flows (Parenthetical) - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Dec. 31, 2021
Jun. 30, 2021
Dec. 31, 2023
Dec. 31, 2022
Investment and derivative related losses, net $ 50 $ 242 $ 929 $ 76
Amortization of unearned revenue reserve 0 (26) (118) (68)
Amortization value of business acquired and deferred acquisition costs 24 (43) 55 61
Change in market risk benefits 2 0 (305) (295)
Other operating activities, net (273) (114) (571) (40)
Reinsurance recoverables 29 134 (178) 741
Other assets and liabilities 131 (51) (328) (91)
Investment funds 102 71 295 64
Fixed maturities (1,974) (1,197) (1,200) (4,607)
Investment funds (100) (74) (126) (158)
Short-term investments (314) 200 287 (255)
Affiliated Entity        
Investment and derivative related losses, net 0 0 (361) (696)
Amortization of unearned revenue reserve 0 0 (56) (5)
Amortization value of business acquired and deferred acquisition costs 0 0 14 19
Change in market risk benefits 0 0 77 4
Other operating activities, net 0 0 382 136
Reinsurance recoverables 0 0 (510) 198
Other assets and liabilities 0 0 447 0
Investment funds 0 0 1 0
Fixed maturities 0 0 (32) 0
Investment funds 0 0 (44) 0
Short-term investments $ 0 $ 0 $ (340) $ (100)