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MRBs - Summary of Balances of Changes in Net MRB (Assets) Liabilities (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Market Risk Benefit [Roll Forward]    
Balance as of beginning-of-year $ (2,178)  
Balance as of end-of-period (3,293)  
Variable Annuities    
Market Risk Benefit [Roll Forward]    
Balance as of beginning-of-year (2,180) $ (662)
Balance as of beginning-of-year, before the effect of changes in non-performance risk (881) 1,511
Issuances 6 3
Attributed fees collected 1,143 1,127
Benefit payments (29) (49)
Effect of changes in interest rates (101) (2,347)
Effect of changes in equity markets (2,347) (1,430)
Effect of changes in equity index volatility (65) (358)
In-force updates and other changes in MRBs 69 182
Effect of changes in future expected policyholder behavior 7 (33)
Effect of changes in other future expected assumptions (199) (66)
Balance as of end-of-period, before the effect of changes in non-performance risk (2,397) (1,460)
Effect of cumulative changes in non-performance risk (930) (1,213)
Balance as of end-of-period (3,327) (2,673)
Less: ceded MRB assets (liabilities) (2,155) (1,457)
Balance as of end-of-period, net of reinsurance $ (1,172) $ (1,216)
Weighted-average age of policyholders (years) 72 years 72 years
Net amount at risk $ 1,544 $ 6,235
Variable Annuities | Cumulative effect from adoption of new accounting standards    
Market Risk Benefit [Roll Forward]    
Balance as of beginning-of-year (1,299) (2,173)
Fixed Annuities    
Market Risk Benefit [Roll Forward]    
Balance as of beginning-of-year 32 (45)
Balance as of beginning-of-year, before the effect of changes in non-performance risk 90 (5)
Issuances 0 0
Attributed fees collected 24 23
Benefit payments 0 0
Effect of changes in interest rates 8 (66)
Effect of changes in equity markets (16) (5)
Effect of changes in equity index volatility (4) 6
In-force updates and other changes in MRBs 3 4
Effect of changes in future expected policyholder behavior 11 70
Effect of changes in other future expected assumptions 18 15
Balance as of end-of-period, before the effect of changes in non-performance risk 134 42
Effect of cumulative changes in non-performance risk (60) (59)
Balance as of end-of-period 74 (17)
Less: ceded MRB assets (liabilities) 0 0
Balance as of end-of-period, net of reinsurance $ 74 $ (17)
Weighted-average age of policyholders (years) 69 years 68 years
Net amount at risk $ 231 $ 188
Fixed Annuities | Cumulative effect from adoption of new accounting standards    
Market Risk Benefit [Roll Forward]    
Balance as of beginning-of-year (58) (40)
Retirement Plan Services    
Market Risk Benefit [Roll Forward]    
Balance as of beginning-of-year (30) (22)
Balance as of beginning-of-year, before the effect of changes in non-performance risk (26) (20)
Issuances 0 0
Attributed fees collected 4 4
Benefit payments 0 0
Effect of changes in interest rates (6) (7)
Effect of changes in equity markets (8) (6)
Effect of changes in equity index volatility 0 (3)
In-force updates and other changes in MRBs 6 0
Effect of changes in future expected policyholder behavior 0 0
Effect of changes in other future expected assumptions (6) (2)
Balance as of end-of-period, before the effect of changes in non-performance risk (36) (34)
Effect of cumulative changes in non-performance risk (4) 1
Balance as of end-of-period (40) (33)
Less: ceded MRB assets (liabilities) (12) (6)
Balance as of end-of-period, net of reinsurance $ (28) $ (27)
Weighted-average age of policyholders (years) 63 years 63 years
Net amount at risk $ 3 $ 9
Retirement Plan Services | Cumulative effect from adoption of new accounting standards    
Market Risk Benefit [Roll Forward]    
Balance as of beginning-of-year $ (4) $ (2)