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Future Contract Benefits - Summary of Changes in Present Values of Expected Net Premiums and LFPB (Details) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Present Value of Expected LFPB        
Net balance as of end-of-period $ 38,889   $ 40,174  
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 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 2,084 2,003    
Beginning balance of original discount rate 2,271 2,266    
Effect of actual variances from expected experience     3 (2)
Adjusted balance as of beginning-of-year 2,274 2,264    
Issuances 39 69    
Interest accrual 43 43    
Benefit payments (98) (93)    
Ending balance at original discount rate 2,258 2,283    
Effect of cumulative changes in discount rate assumptions (257) (236)    
Balance as of end-of-period 2,001 2,047    
Net balance as of end-of-period 2,001 2,047 2,084  
Less: reinsurance recoverables (2) 1,527 10    
Net balance as of end-of-period, net of reinsurance $ 474 $ 2,037    
Weighted-average duration of future policyholder benefit liability (years) 9 years 9 years    
Deferred profit liability $ 61 $ 53    
Payout Annuities | Cumulative effect from adoption of new accounting standards        
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 6,084 5,896    
Beginning balance at original discount rate 6,236 6,480    
Effect of actual variances from expected experience     (10) (257)
Adjusted balance as of beginning-of-year     6,226 6,223
Issuances 206 330    
Interest accrual 122 116    
Net premiums collected (396) (395)    
Flooring impact of LFPB 2 3    
Ending balance at original discount rate 6,160 6,277    
Effect of cumulative changes in discount rate assumptions (322) (329)    
Balance as of end-of-period 5,838 5,948    
Present Value of Expected LFPB        
Balance as of beginning-of-year 9,637 9,086    
Beginning balance of original discount rate 9,839 9,879    
Effect of actual variances from expected experience     (15) $ (280)
Adjusted balance as of beginning-of-year 9,824 9,599    
Issuances 206 330    
Interest accrual 190 179    
Benefit payments (357) (309)    
Ending balance at original discount rate 9,863 9,799    
Effect of cumulative changes in discount rate assumptions (511) (479)    
Balance as of end-of-period 9,352 9,320    
Net balance as of end-of-period 3,514 3,372 $ 3,553  
Less: reinsurance recoverables (2) 232 263    
Net balance as of end-of-period, net of reinsurance $ 3,282 $ 3,109    
Weighted-average duration of future policyholder benefit liability (years) 10 years 10 years    
Traditional Life | Cumulative effect from adoption of new accounting standards        
Present Value of Expected Net Premiums        
Balance as of beginning-of-year $ (152) $ (584)    
Present Value of Expected LFPB        
Balance as of beginning-of-year $ (202) $ (793)