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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ 352 $ (154)
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities 9,345 7,802
Sales, maturities and repayments of trading securities 27 0
Sales, maturities and repayments of equity securities 23 34
Sales, maturities and repayments of mortgage loans 1,646 1,032
Sales, maturities and repayments of limited partnerships and limited liability companies 392 227
Purchases of fixed maturity securities (8,457) (8,305)
Purchases of trading securities (198) 0
Purchases of equity securities (1) (3)
Purchases of mortgage loans (1,364) (1,500)
Purchases of limited partnerships and limited liability companies (216) (216)
Cash received in connection with freestanding derivatives 12,112 8,641
Cash paid in connection with freestanding derivatives (12,939) (8,639)
Net change in policy loans 586 (57)
Net change in short-term investments 839 (509)
Net change in other invested assets 16 (293)
Net cash provided by (used in) investing activities 1,811 (1,786)
Cash flows from financing activities    
Policyholder account balances: Deposits 14,251 38,787
Policyholder account balances: Withdrawals (15,149) (35,399)
Net change in payables for collateral under securities loaned and other transactions 467 94
Long-term debt repaid (1) (2)
Capital contribution 100 0
Financing element on certain derivative instruments and other derivative related transactions, net (371) 297
Other, net (1) (1)
Net cash provided by (used in) financing activities (704) 3,776
Change in cash, cash equivalents and restricted cash 1,459 1,836
Cash, cash equivalents and restricted cash, beginning of period 4,592 3,165
Cash, cash equivalents and restricted cash, end of period 6,051 5,001
Supplemental disclosures of cash flow information    
Net cash paid (received) for interest 66 66
Net cash paid (received) for income tax $ (2) $ 1