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Future Contract Benefits - Summary of Changes in Present Values of Expected Net Premiums and LFPB (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Present Value of Expected LFPB      
Net balance as of end-of-period $ 40,002 $ 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 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 2,084 2,003  
Beginning balance at original discount rate 2,271 2,266  
Effect of changes in cash flow assumptions   0 0
Effect of actual variances from expected experience   3 1
Adjusted balance as of beginning-of-year   2,274 2,267
Issuances 102 109  
Interest accrual 87 86  
Benefit payments (204) (191)  
Ending balance at original discount rate 2,259 2,271  
Effect of cumulative changes in discount rate assumptions (251) (187)  
Balance as of end-of-period 2,008 2,084  
Net balance as of end-of-period 2,008 2,084  
Less: reinsurance recoverables 1,488 1,627  
Net balance as of end-of-period, net of reinsurance $ 520 $ 457  
Weighted-average duration of future policyholder benefit liability 9 years 9 years  
Deferred profit liability $ 62 $ 56 38
Payout Annuities | Cumulative effect from adoption of new accounting standards      
Present Value of Expected Net Premiums      
Balance as of beginning-of-year 0 0  
Balance as of end-of-period   0  
Present Value of Expected LFPB      
Balance as of beginning-of-year (187) (263)  
Balance as of end-of-period   (187)  
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 changes in cash flow assumptions   (3) (5)
Effect of actual variances from expected experience   (45) (275)
Adjusted balance as of beginning-of-year 6,188 6,200  
Issuances 361 580  
Interest accrual 245 236  
Net premiums collected (766) (784)  
Flooring impact of LFPB 0 4  
Ending balance at original discount rate 6,028 6,236  
Effect of cumulative changes in discount rate assumptions (277) (152)  
Balance as of end-of-period 5,751 6,084  
Present Value of Expected LFPB      
Balance as of beginning-of-year 9,637 9,086  
Beginning balance at original discount rate 9,839 9,879  
Effect of changes in cash flow assumptions   (105) (21)
Effect of actual variances from expected experience   (68) (305)
Adjusted balance as of beginning-of-year   9,666 $ 9,553
Issuances 361 580  
Interest accrual 380 364  
Benefit payments (706) (658)  
Ending balance at original discount rate 9,701 9,839  
Effect of cumulative changes in discount rate assumptions (446) (202)  
Balance as of end-of-period 9,255 9,637  
Net balance as of end-of-period 3,504 3,553  
Less: reinsurance recoverables 217 255  
Net balance as of end-of-period, net of reinsurance $ 3,287 $ 3,298  
Weighted-average duration of future policyholder benefit liability 9 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)  
Balance as of end-of-period   (152)  
Present Value of Expected LFPB      
Balance as of beginning-of-year $ (202) (793)  
Balance as of end-of-period   $ (202)