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Market Risk Benefits - Rollforward of Net Market Risk Benefit Liability (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Jul. 01, 2021
Market Risk Benefit [Roll Forward]      
Beginning balance $ 879 $ 1,462  
Beginning balance, before effect of changes in the instrument-specific credit risk 1,043 1,506  
Issuances 10 10  
Interest accrual 42 24  
Attributed fees collected 302 240  
Benefit payments (165) (181)  
Effect of changes in interest rates (31) (957)  
Effect of changes in equity markets (600) 437  
Effect of changes in equity index volatility (126) 121  
Actual policyholder behavior different from expected behavior 30 (131)  
Effect of changes in future expected policyholder behavior 11 5  
Effect of changes in other future expected assumptions (3) (31)  
Ending balance, before effect of changes in the instrument-specific credit risk 493 1,043  
Cumulative effect of changes in the instrument-specific credit risk 3 (164)  
Ending balance 496 879  
Less: ceded market risk benefits (648) (894) $ (776)
MRB liabilities (152) (15) $ (116)
Variable Annuities      
Market Risk Benefit [Roll Forward]      
Beginning balance 390 617  
Beginning balance, before effect of changes in the instrument-specific credit risk 524 661  
Issuances 10 10  
Interest accrual 13 9  
Attributed fees collected 295 232  
Benefit payments (107) (109)  
Effect of changes in interest rates (19) (709)  
Effect of changes in equity markets (619) 477  
Effect of changes in equity index volatility (128) 120  
Actual policyholder behavior different from expected behavior 17 (142)  
Effect of changes in future expected policyholder behavior (10) 5  
Effect of changes in other future expected assumptions 5 (30)  
Ending balance, before effect of changes in the instrument-specific credit risk (39) 524  
Cumulative effect of changes in the instrument-specific credit risk (8) (134)  
Ending balance (47) 390  
Less: ceded market risk benefits (240) (527)  
MRB liabilities (287) (137)  
Fixed Indexed Annuities      
Market Risk Benefit [Roll Forward]      
Beginning balance 489 845  
Beginning balance, before effect of changes in the instrument-specific credit risk 519 845  
Issuances 0 0  
Interest accrual 29 15  
Attributed fees collected 7 8  
Benefit payments (58) (72)  
Effect of changes in interest rates (12) (248)  
Effect of changes in equity markets 19 (40)  
Effect of changes in equity index volatility 2 1  
Actual policyholder behavior different from expected behavior 13 11  
Effect of changes in future expected policyholder behavior 21 0  
Effect of changes in other future expected assumptions (8) (1)  
Ending balance, before effect of changes in the instrument-specific credit risk 532 519  
Cumulative effect of changes in the instrument-specific credit risk 11 (30)  
Ending balance 543 489  
Less: ceded market risk benefits (408) (367)  
MRB liabilities $ 135 $ 122