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Adoption of ASU 2018-12 - Summary of Effect on Previously Reported Consolidated Balance Sheets (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
ASSETS        
Deferred acquisition costs, value of business acquired and deferred sales inducements $ 12,397 $ 12,235   $ 12,104
Reinsurance recoverables, net of allowance for credit losses 29,843 19,953   19,388
Market risk benefit assets 3,894 2,807    
Other assets 9,311 6,778    
Total assets 372,413 334,331    
Liabilities        
Future contract benefits 39,864 38,826   42,828
Market risk benefit liabilities 1,716 2,078    
Deferred front-end loads 5,901 5,091   3,591
Other liabilities 7,350 6,356    
Total liabilities 365,520 329,229    
Stockholders’ Equity        
Retained earnings 4,778 5,924    
Accumulated other comprehensive income (loss) (3,476) (6,352)    
Total stockholders’ equity $ 6,893 5,102 $ 19,915  
As Previously Reported        
ASSETS        
Deferred acquisition costs, value of business acquired and deferred sales inducements   13,803   6,025
Reinsurance recoverables, net of allowance for credit losses   20,392   16,350
Other assets   8,469    
Total assets   335,222    
Liabilities        
Future contract benefits   41,756   38,896
Deferred front-end loads   5,708   401
Other liabilities   6,311    
Total liabilities   330,653    
Stockholders’ Equity        
Retained earnings   6,707    
Accumulated other comprehensive income (loss)   (7,668)    
Total stockholders’ equity   4,569 20,754  
Adoption of New Accounting Standard | Accounting Standards Update 2018-12        
ASSETS        
Deferred acquisition costs, value of business acquired and deferred sales inducements   (1,568)   6,079
Reinsurance recoverables, net of allowance for credit losses   (439)    
Market risk benefit assets   2,807    
Other assets   (1,691)    
Total assets   (891)    
Liabilities        
Future contract benefits   (2,930)   (1,700)
Market risk benefit liabilities   2,078    
Deferred front-end loads   (617)   $ 3,190
Other liabilities   45    
Total liabilities   (1,424)    
Stockholders’ Equity        
Retained earnings   (783)    
Accumulated other comprehensive income (loss)   1,316    
Total stockholders’ equity   $ 533 $ (839)