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SCHEDULE II - CONDENSED FINANCIAL INFORMATION OF REGISTRANT - Statements of Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Net investment income $ 5,879 $ 5,515 $ 6,111
Total revenues 11,645 18,810 17,715
Expenses      
Operating and administrative expenses 2,390 2,240 2,252
Total expenses 12,793 17,085 13,072
Income (loss) before federal income taxes, equity in income (loss) of subsidiaries (1,148) 1,725 4,643
Federal income tax expense (benefit) (396) 367 865
Net income (loss) (752) 1,358 3,778
Other comprehensive income (loss), net of tax:      
Unrealized investment gain (loss) 3,715 (18,059) (3,287)
Market risk benefit non-performance risk gain (loss) (671) (210) (923)
Policyholder liability discount rate remeasurement gain (loss) (160) 2,012 591
Foreign currency translation adjustment 8 (20) (2)
Funded status of employee benefit plans (16) (59) 47
Total other comprehensive income (loss), net of tax 2,876 (16,336) (3,574)
Comprehensive income (loss) 2,124 (14,978) 204
Parent Company      
Revenues      
Dividends from subsidiaries 685 797 2,060
Interest from subsidiaries 233 159 114
Net investment income 25 3 1
Total revenues 943 959 2,175
Expenses      
Operating and administrative expenses 78 52 69
Interest - subsidiaries 175 38 10
Interest – other 289 266 263
Total expenses 542 356 342
Income (loss) before federal income taxes, equity in income (loss) of subsidiaries 401 603 1,833
Federal income tax expense (benefit) (61) (42) (49)
Income (loss) before equity in income (loss) of subsidiaries 462 645 1,882
Equity in income (loss) of subsidiaries (1,214) 713 1,896
Net income (loss) (752) 1,358 3,778
Other comprehensive income (loss), net of tax:      
Unrealized investment gain (loss) 3,715 (18,059) (3,287)
Market risk benefit non-performance risk gain (loss) (671) (210) (923)
Policyholder liability discount rate remeasurement gain (loss) (160) 2,012 591
Foreign currency translation adjustment 8 (20) (2)
Funded status of employee benefit plans (16) (59) 47
Total other comprehensive income (loss), net of tax 2,876 (16,336) (3,574)
Comprehensive income (loss) $ 2,124 $ (14,978) $ 204