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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        
DAC, VOBA and DSI $ 12,418 $ 12,263   $ 12,162
Reinsurance recoverables, net of allowance for credit losses 45,110 21,804   20,713
Assets 3,894 2,807    
Other assets 10,597 7,677    
Total assets 373,976 335,582    
Liabilities        
Future contract benefits 40,174 38,302   42,044
Liabilities 1,716 2,078    
Deferred front-end loads 5,923 5,115   3,586
Other liabilities 12,438 6,251    
Total liabilities 363,469 326,978    
Stockholder’s Equity        
Retained earnings (869) 1,414    
Accumulated other comprehensive income (loss) (1,585) (5,713)    
Total stockholder’s equity $ 10,507 8,604 $ 25,934  
As Previously Reported        
ASSETS        
DAC, VOBA and DSI   13,873   6,083
Reinsurance recoverables, net of allowance for credit losses   24,450   17,550
Other assets   8,831    
Total assets   338,185    
Liabilities        
Future contract benefits   41,203   38,318
Deferred front-end loads   5,765   396
Other liabilities   7,719    
Total liabilities   329,919    
Stockholder’s Equity        
Retained earnings   2,436    
Accumulated other comprehensive income (loss)   (7,073)    
Total stockholder’s equity   8,266 22,860  
Accounting Standards Update 2018-12 | Adoption of New Accounting Standard        
ASSETS        
DAC, VOBA and DSI   (1,610)   6,079
Reinsurance recoverables, net of allowance for credit losses   (2,646)    
Assets   2,807    
Other assets   (1,154)    
Total assets   (2,603)    
Liabilities        
Future contract benefits   (2,901)   (1,700)
Liabilities   2,078    
Deferred front-end loads   (650)   $ 3,190
Other liabilities   (1,468)    
Total liabilities   (2,941)    
Stockholder’s Equity        
Retained earnings   (1,022)    
Accumulated other comprehensive income (loss)   1,360    
Total stockholder’s equity   $ 338 $ 3,074