XML 79 R67.htm IDEA: XBRL DOCUMENT v3.24.2.u1
FAIR VALUE DISCLOSURES - Quantitative Information About Level 3 (Details)
$ in Millions
Jun. 30, 2024
USD ($)
Dec. 31, 2023
USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Liability for market risk benefits $ 12,568 $ 14,570
Assets for market risk benefits 763 574
Level 3 | Corporate | Matrix pricing model    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of fixed maturities AFS $ 311 $ 330
Level 3 | Corporate | Matrix pricing model | Spread over benchmark | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.0045 0.0020
Level 3 | Corporate | Matrix pricing model | Spread over benchmark | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.0220 0.0747
Level 3 | Corporate | Matrix pricing model | Spread over benchmark | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.0139 0.0187
Level 3 | Corporate | Market  comparable  companies    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of fixed maturities AFS $ 699 $ 979
Level 3 | Corporate | Market  comparable  companies | EBITDA Multiple | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 4.0 3.3
Level 3 | Corporate | Market  comparable  companies | EBITDA Multiple | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 33.0 29.0
Level 3 | Corporate | Market  comparable  companies | EBITDA Multiple | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 12.7 13.6
Level 3 | Corporate | Market  comparable  companies | Discount Rate | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.000 0.000
Level 3 | Corporate | Market  comparable  companies | Discount Rate | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.289 0.228
Level 3 | Corporate | Market  comparable  companies | Discount Rate | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.052 0.039
Level 3 | Corporate | Market  comparable  companies | Cash Flow Multiples | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.0 0.8
Level 3 | Corporate | Market  comparable  companies | Cash Flow Multiples | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 9.0 10.0
Level 3 | Corporate | Market  comparable  companies | Cash Flow Multiples | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 5.8 6.3
Level 3 | Corporate | Market  comparable  companies | Loan to Value | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.096 0.034
Level 3 | Corporate | Market  comparable  companies | Loan to Value | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.128 0.610
Level 3 | Corporate | Market  comparable  companies | Loan to Value | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.050 0.138
Level 3 | Other equity investments | Discounted Cash Flow    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of fixed maturities AFS $ 0 $ 2
Level 3 | Other equity investments | Discounted Cash Flow | Earnings multiple | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 6.9 6.5
Level 3 | Other equity investments | Discounted Cash Flow | Earnings multiple | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.0 6.2
Level 3 | Other equity investments | Discounted Cash Flow | Earnings multiple | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.0 6.0
Level 3 | Purchased MRB asset | Discounted Cash Flow    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value of fixed maturities AFS $ 14,185 $ 16,729
Level 3 | Purchased MRB asset | Discounted Cash Flow | Lapse Rate | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.0021 0.0021
Level 3 | Purchased MRB asset | Discounted Cash Flow | Lapse Rate | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.2937 0.2937
Level 3 | Purchased MRB asset | Discounted Cash Flow | Lapse Rate | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.0286 0.0275
Level 3 | Purchased MRB asset | Discounted Cash Flow | Withdrawal Rate | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.0000 0.0000
Level 3 | Purchased MRB asset | Discounted Cash Flow | Withdrawal Rate | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.1497 0.1497
Level 3 | Purchased MRB asset | Discounted Cash Flow | Withdrawal Rate | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.0063 0.0055
Level 3 | Purchased MRB asset | Discounted Cash Flow | GMIB Utilization Rate | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.0004 0.0004
Level 3 | Purchased MRB asset | Discounted Cash Flow | GMIB Utilization Rate | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 1.0000 1.0000
Level 3 | Purchased MRB asset | Discounted Cash Flow | GMIB Utilization Rate | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.0519 0.0551
Level 3 | Purchased MRB asset | Discounted Cash Flow | Non-performance Risk | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.0021 0.0023
Level 3 | Purchased MRB asset | Discounted Cash Flow | Non-performance Risk | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.0101 0.0097
Level 3 | Purchased MRB asset | Discounted Cash Flow | Non-performance Risk | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.0033 0.0035
Level 3 | Purchased MRB asset | Discounted Cash Flow | Volatility rates - Equity | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.11 0.11
Level 3 | Purchased MRB asset | Discounted Cash Flow | Volatility rates - Equity | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.31 0.28
Level 3 | Purchased MRB asset | Discounted Cash Flow | Volatility rates - Equity | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.24 0.23
Level 3 | Purchased MRB asset | Discounted Cash Flow | Mortality Rates | Age 0-40 | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.0001 0.0001
Level 3 | Purchased MRB asset | Discounted Cash Flow | Mortality Rates | Age 0-40 | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.0018 0.0018
Level 3 | Purchased MRB asset | Discounted Cash Flow | Mortality Rates | Age 0-40 | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.0295 0.0287
Level 3 | Purchased MRB asset | Discounted Cash Flow | Mortality Rates | Age 41-60 | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.0007 0.0007
Level 3 | Purchased MRB asset | Discounted Cash Flow | Mortality Rates | Age 41-60 | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.0053 0.0053
Level 3 | Purchased MRB asset | Discounted Cash Flow | Mortality Rates | Ages 61 - 115 | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.0033 0.0033
Level 3 | Purchased MRB asset | Discounted Cash Flow | Mortality Rates | Ages 61 - 115 | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of fixed maturities AFS 0.4200 0.4200
Level 3 | Direct MRB | Discounted Cash Flow    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Direct MRB $ 11,805 $ 13,996
Level 3 | Direct MRB | Discounted Cash Flow | Lapse Rate | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of direct MRB 0.0021 0.0021
Level 3 | Direct MRB | Discounted Cash Flow | Lapse Rate | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of direct MRB 0.2937 0.2937
Level 3 | Direct MRB | Discounted Cash Flow | Lapse Rate | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of direct MRB 0.0318 0.0303
Level 3 | Direct MRB | Discounted Cash Flow | Withdrawal Rate | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of direct MRB 0.0000 0.0000
Level 3 | Direct MRB | Discounted Cash Flow | Withdrawal Rate | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of direct MRB 0.1497 0.1497
Level 3 | Direct MRB | Discounted Cash Flow | Withdrawal Rate | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of direct MRB 0.0073 0.0064
Level 3 | Direct MRB | Discounted Cash Flow | Non-performance Risk    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of direct MRB 0.0109 0.0118
Level 3 | Direct MRB | Discounted Cash Flow | Non-performance Risk | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of direct MRB 0.0109 0.0118
Level 3 | Direct MRB | Discounted Cash Flow | Mortality Rates | Age 0-40 | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of direct MRB 0.0001 0.0001
Level 3 | Direct MRB | Discounted Cash Flow | Mortality Rates | Age 0-40 | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of direct MRB 0.0018 0.0018
Level 3 | Direct MRB | Discounted Cash Flow | Mortality Rates | Age 0-40 | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of direct MRB 0.0284 0.0263
Level 3 | Direct MRB | Discounted Cash Flow | Mortality Rates | Age 41-60 | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of direct MRB 0.0007 0.0007
Level 3 | Direct MRB | Discounted Cash Flow | Mortality Rates | Age 41-60 | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of direct MRB 0.0053 0.0053
Level 3 | Direct MRB | Discounted Cash Flow | Mortality Rates | Ages 61 - 115 | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of direct MRB 0.0033 0.0033
Level 3 | Direct MRB | Discounted Cash Flow | Mortality Rates | Ages 61 - 115 | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of direct MRB 0.4200 0.4200
Level 3 | Direct MRB | Discounted Cash Flow | Annuitization Rate | Minimum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of direct MRB 0.0004 0.0004
Level 3 | Direct MRB | Discounted Cash Flow | Annuitization Rate | Maximum    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of direct MRB 1.0000 1.0000
Level 3 | Direct MRB | Discounted Cash Flow | Annuitization Rate | Weighted Average    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Measurement input of direct MRB 0.0526 0.0544