XML 254 R98.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Reserves for Future Policy Benefits - Rollforward of the Present Value of Expected Future Policy Benefits (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Jul. 01, 2021
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]        
Beginning balance $ 8,335 $ 11,617    
Beginning balance at original discount rate 11,048 11,571    
Effect of actual variances from expected experience due to mortality   (17) $ 2  
Effect of changes in cash flow assumptions   (90) (23)  
Adjusted beginning balance at original discount rate   10,941 $ 11,550  
Issuances 147 138    
Interest accrual 127 62    
Benefit payments (697) (702)    
Ending balance at original discount rate 10,518 11,048    
Cumulative effect of changes in discount rate assumptions (2,059) (2,713)    
Ending balance 8,459 8,335    
Other business 215 225    
Reserve for future policy benefits 8,674 8,560    
Less: reinsurance recoverables (5,083) (4,992)   $ (2,938)
Adjusted ending balance, net of reinsurance $ 3,591 $ 3,568   $ 8,841