XML 64 R50.htm IDEA: XBRL DOCUMENT v3.24.0.1
Changes in LFPBs, ASU 2018-12 Transition (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Jan. 01, 2021
Dec. 31, 2020
Liability for Future Policy Benefit, Activity          
Accumulated other comprehensive income (loss) $ (5,114) $ (5,931) $ (199)   $ 5,421
Future policy benefits 32,149 31,146 39,830    
Previously Reported          
Liability for Future Policy Benefit, Activity          
Accumulated other comprehensive income (loss)   (5,282) 3,901    
Future policy benefits   41,105 43,589    
Accounting Standards Update 2018-12 | Revision of Prior Period, Accounting Standards Update, Adjustment          
Liability for Future Policy Benefit, Activity          
Accumulated other comprehensive income (loss)   (649) (4,100)    
Future policy benefits   (9,959) (3,759)    
Term and Whole Life Insurance          
Liability for Future Policy Benefit, Activity          
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance 8,148 8,015 7,877    
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change   296 179   100
Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change 5,385 5,172 6,253   6,606
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance 24 32 42    
Future policy benefits $ 2,462 $ 2,336 $ 2,999    
Term and Whole Life Insurance | Accounting Standards Update 2018-12          
Liability for Future Policy Benefit, Activity          
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance       $ 3,332  
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance       59  
Future policy benefits       3,273  
Term and Whole Life Insurance | Accounting Standards Update 2018-12 | Previously Reported          
Liability for Future Policy Benefit, Activity          
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance         2,797
Term and Whole Life Insurance | Accounting Standards Update 2018-12 | Revision of Prior Period, Accounting Standards Update, Adjustment          
Liability for Future Policy Benefit, Activity          
Accumulated other comprehensive income (loss)       0  
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change       13  
Deferred Profit Liabilities       0  
Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change       522  
Income Annuity [Domain] | Accounting Standards Update 2018-12          
Liability for Future Policy Benefit, Activity          
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance       4,809  
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance       29  
Future policy benefits       4,780  
Income Annuity [Domain] | Accounting Standards Update 2018-12 | Previously Reported          
Liability for Future Policy Benefit, Activity          
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance         4,260
Income Annuity [Domain] | Accounting Standards Update 2018-12 | Revision of Prior Period, Accounting Standards Update, Adjustment          
Liability for Future Policy Benefit, Activity          
Accumulated other comprehensive income (loss)       (203)  
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change       (168)  
Deferred Profit Liabilities       172  
Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change       748  
Structured Settlement and Pension Risk Transfer Annuities [Domain] | Accounting Standards Update 2018-12          
Liability for Future Policy Benefit, Activity          
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance       11,518  
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance       102  
Future policy benefits       11,416  
Structured Settlement and Pension Risk Transfer Annuities [Domain] | Accounting Standards Update 2018-12 | Previously Reported          
Liability for Future Policy Benefit, Activity          
Liability for Future Policy Benefit, Expected Future Policy Benefit, Undiscounted, before Reinsurance         $ 10,115
Structured Settlement and Pension Risk Transfer Annuities [Domain] | Accounting Standards Update 2018-12 | Revision of Prior Period, Accounting Standards Update, Adjustment          
Liability for Future Policy Benefit, Activity          
Accumulated other comprehensive income (loss)       (1,784)  
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change       200  
Deferred Profit Liabilities       217  
Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change       $ 2,770