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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ 220 $ (192)
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities 6,065 5,416
Sales, maturities and repayments of trading securities 6 0
Sales, maturities and repayments of equity securities 17 32
Sales, maturities and repayments of mortgage loans 1,127 685
Sales, maturities and repayments of limited partnerships and limited liability companies 196 155
Purchases of fixed maturity securities (5,181) (6,392)
Purchases of trading securities (178) 0
Purchases of equity securities (1) (3)
Purchases of mortgage loans (896) (883)
Purchases of limited partnerships and limited liability companies (118) (153)
Cash received in connection with freestanding derivatives 5,326 5,616
Cash paid in connection with freestanding derivatives (6,960) (5,743)
Net change in policy loans 600 (138)
Net change in short-term investments 603 (46)
Net change in other invested assets 13 (189)
Net cash provided by (used in) investing activities 619 (1,643)
Cash flows from financing activities    
Policyholder account balances: Deposits 9,599 20,400
Policyholder account balances: Withdrawals (9,916) (17,963)
Net change in payables for collateral under securities loaned and other transactions 112 234
Long-term debt repaid (1) (1)
Capital contribution 100 0
Financing element on certain derivative instruments and other derivative related transactions, net (114) (183)
Other, net (1) (1)
Net cash provided by (used in) financing activities (221) 2,486
Change in cash, cash equivalents and restricted cash 618 651
Cash, cash equivalents and restricted cash, beginning of period 4,592 3,165
Cash, cash equivalents and restricted cash, end of period 5,210 3,816
Supplemental disclosures of cash flow information    
Net cash paid (received) for interest 34 34
Net cash paid (received) for income tax $ (3) $ 1