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Future Contract Benefits - Summary of Changes in Present Values of Expected Net Premiums and LFPB (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Present Value of Expected LFPB        
Net balance as of end-of-period $ 41,169   $ 39,864  
Payout Annuities        
Present Value of Expected Net Premiums        
Balance as of beginning-of-year 0 $ 0    
Beginning balance at original discount rate 0 0    
Effect of changes in cash flow assumptions     0 $ 0
Effect of actual variances from expected experience     0 0
Adjusted balance as of beginning-of-year 0 0    
Issuances 0 0    
Interest accrual 0 0    
Net premiums collected 0 0    
Flooring impact of LFPB 0 0    
Ending balance at original discount rate 0 0    
Effect of cumulative changes in discount rate assumptions 0 0    
Balance as of end-of-period 0 0    
Present Value of Expected LFPB        
Balance as of beginning-of-year 2,085 2,004    
Beginning balance at original discount rate 2,272 2,267    
Effect of changes in cash flow assumptions     0 17
Effect of actual variances from expected experience     3 (1)
Adjusted balance as of beginning-of-year     2,275 2,283
Issuances 78 83    
Interest accrual 65 64    
Benefit payments (152) (143)    
Ending balance at original discount rate 2,266 2,287    
Effect of cumulative changes in discount rate assumptions (147) (344)    
Balance as of end-of-period 2,119 1,943    
Net balance as of end-of-period 2,119 1,943 2,085  
Less: reinsurance recoverables 1,578 3    
Net balance as of end-of-period, net of reinsurance $ 541 $ 1,940    
Weighted-average duration of future policyholder benefit liability 9 years 9 years    
Deferred profit liability $ 60 $ 38    
Payout Annuities | Cumulative Effect, Period of Adoption, Adjustment        
Present Value of Expected Net Premiums        
Balance as of beginning-of-year 0 0    
Present Value of Expected LFPB        
Balance as of beginning-of-year (187) (263)    
Traditional Life        
Present Value of Expected Net Premiums        
Balance as of beginning-of-year 6,200 6,063    
Beginning balance at original discount rate 6,348 6,645    
Effect of changes in cash flow assumptions     28 (12)
Effect of actual variances from expected experience     (59) (280)
Adjusted balance as of beginning-of-year 6,317 6,353    
Issuances 289 460    
Interest accrual 188 182    
Net premiums collected (596) (604)    
Flooring impact of LFPB 1 (3)    
Ending balance at original discount rate 6,199 6,388    
Effect of cumulative changes in discount rate assumptions (19) (527)    
Balance as of end-of-period 6,180 5,861    
Present Value of Expected LFPB        
Balance as of beginning-of-year 10,041 9,572    
Beginning balance at original discount rate 10,230 10,357    
Effect of changes in cash flow assumptions     (68) (29)
Effect of actual variances from expected experience     (70) (309)
Adjusted balance as of beginning-of-year     10,092 $ 10,019
Issuances 289 461    
Interest accrual 299 288    
Benefit payments (576) (537)    
Ending balance at original discount rate 10,104 10,231    
Effect of cumulative changes in discount rate assumptions 14 (832)    
Balance as of end-of-period 10,118 9,399    
Net balance as of end-of-period 3,938 3,538 $ 3,841  
Less: reinsurance recoverables 388 450    
Net balance as of end-of-period, net of reinsurance $ 3,550 $ 3,088    
Weighted-average duration of future policyholder benefit liability 9 years 9 years    
Traditional Life | Cumulative Effect, Period of Adoption, Adjustment        
Present Value of Expected Net Premiums        
Balance as of beginning-of-year $ (148) $ (582)    
Present Value of Expected LFPB        
Balance as of beginning-of-year $ (189) $ (785)