Future Policy Benefits (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Liability for Future Policy Benefit, by Product Segment [Line Items]
Future policy benefits		$ 38,222	$ 42,406	$ 35,689
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense		5,417	5,659
Future Policy Benefits Unearned Revenue Liability		532	567
Additional Liability, Long-Duration Insurance, before Reinsurance, after Discount Rate Change		181	177
Life Insurance Product Line [Member] | Americas [Member] | Other Segments
Liability for Future Policy Benefit, by Product Segment [Line Items]
AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax		(4,074)	6,120	74,207	$ 73,447
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change				0	0
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience				(103)	(33)
Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change		74,707	73,887	74,104	73,414
Liability for Future Policy Benefit, Expected Net Premium, Issuance	[1]	1,016	832
Liability for Future Policy Benefit, Expected Net Premium, Interest Income	[2]	851	845
Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected	[3]	(1,229)	(1,207)
Liability for Future Policy Benefit, Expected Net Premium, Derecognition	[4]	(35)	0
Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change		0	3
Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change		70,633	80,007
AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax		(5,188)	7,446	85,285	84,075
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change				0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience				(79)	72
Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change		85,666	84,326	85,206	84,147
Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance	[1]	1,018	833
Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense	[2]	981	970
Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment	[5]	(1,486)	(1,628)
Liability for Future Policy Benefit, Expected Future Policy Benefit, Derecognition	[4]	(54)	0
Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change		1	4
Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change		80,478	91,772
Future policy benefits		9,845	11,765
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance		(417)	(572)
Liability for Future Policy Benefit, after Reinsurance		$ 9,428	$ 11,193
Liability for Future Policy Benefit, Weighted-Average Duration		12 years	13 years
Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate		4.70%	4.70%
Liability for Future Policy Benefit, Current Weighted-Average Discount Rate		4.90%	3.90%
Life Insurance Product Line [Member] | CANADA | Other Segments
Liability for Future Policy Benefit, by Product Segment [Line Items]
AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax		$ (4,376)	$ (2,933)	21,330	21,989
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change				0	0
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience				97	166
Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change		21,534	22,542	21,427	22,155
Liability for Future Policy Benefit, Expected Net Premium, Issuance	[1]	110	206
Liability for Future Policy Benefit, Expected Net Premium, Interest Income	[2]	182	194
Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected	[3]	(231)	(248)
Liability for Future Policy Benefit, Expected Net Premium, Derecognition	[4]	0	0
Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change		46	235
Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change		17,158	19,609
AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax		(3,607)	(1,621)	24,655	25,440
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change				0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience				98	174
Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change		24,896	26,042	24,753	25,614
Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance	[1]	110	206
Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense	[2]	233	250
Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment	[5]	(256)	(299)
Liability for Future Policy Benefit, Expected Future Policy Benefit, Derecognition	[4]	0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change		56	271
Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change		21,289	24,421
Future policy benefits		4,131	4,812
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance		(277)	(322)
Liability for Future Policy Benefit, after Reinsurance		$ 3,854	$ 4,490
Liability for Future Policy Benefit, Weighted-Average Duration		15 years	16 years
Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate		3.60%	3.70%
Liability for Future Policy Benefit, Current Weighted-Average Discount Rate		4.70%	4.10%
Life Insurance Product Line [Member] | EMEA [Member] | Other Segments
Liability for Future Policy Benefit, by Product Segment [Line Items]
AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax		$ (2,515)	$ (234)	14,244	14,440
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change				0	0
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience				(256)	90
Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change		14,329	14,383	13,988	14,530
Liability for Future Policy Benefit, Expected Net Premium, Issuance	[1]	382	297
Liability for Future Policy Benefit, Expected Net Premium, Interest Income	[2]	119	127
Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected	[3]	(344)	(337)
Liability for Future Policy Benefit, Expected Net Premium, Derecognition	[4]	0	0
Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change		184	(234)
Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change		11,814	14,149
AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax		(2,686)	(197)	15,454	15,664
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change				0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience				(258)	88
Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change		15,575	15,574	15,196	15,752
Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance	[1]	382	297
Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense	[2]	127	135
Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment	[5]	(331)	(346)
Liability for Future Policy Benefit, Expected Future Policy Benefit, Derecognition	[4]	0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change		201	(264)
Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change		12,889	15,377
Future policy benefits		1,075	1,228
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance		(37)	(36)
Liability for Future Policy Benefit, after Reinsurance		$ 1,038	$ 1,192
Liability for Future Policy Benefit, Weighted-Average Duration		8 years	10 years
Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate		3.40%	3.50%
Liability for Future Policy Benefit, Current Weighted-Average Discount Rate		5.40%	3.70%
Life Insurance Product Line [Member] | Asia Pacific [Member] | Other Segments
Liability for Future Policy Benefit, by Product Segment [Line Items]
AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax		$ (11,029)	$ (7,976)	40,506	37,943
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change				(8)	0
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience				128	(1,504)
Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change		40,898	37,844	40,626	36,439
Liability for Future Policy Benefit, Expected Net Premium, Issuance	[1]	619	2,217
Liability for Future Policy Benefit, Expected Net Premium, Interest Income	[2]	256	239
Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected	[3]	(490)	(502)
Liability for Future Policy Benefit, Expected Net Premium, Derecognition	[4]	0	0
Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change		(113)	(549)
Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change		29,869	29,868
AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax		(12,914)	(9,362)	44,785	41,971
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change				(8)	0
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience				121	(1,501)
Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change		45,227	41,835	44,898	40,470
Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance	[1]	619	2,162
Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense	[2]	293	272
Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment	[5]	(458)	(506)
Liability for Future Policy Benefit, Expected Future Policy Benefit, Derecognition	[4]	0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change		(125)	(563)
Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change		32,313	32,473
Future policy benefits		2,444	2,605
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance		(99)	(115)
Liability for Future Policy Benefit, after Reinsurance		$ 2,345	$ 2,490
Liability for Future Policy Benefit, Weighted-Average Duration		16 years	16 years
Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate		2.60%	2.60%
Liability for Future Policy Benefit, Current Weighted-Average Discount Rate		4.30%	3.90%
Insurance, Other | Americas [Member] | Other Segments
Liability for Future Policy Benefit, by Product Segment [Line Items]
AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax		$ (223)	$ (36)	1,671	228
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change				0	0
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience				(7)	(3)
Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change		1,637	219	1,664	225
Liability for Future Policy Benefit, Expected Net Premium, Issuance	[1]	146	0
Liability for Future Policy Benefit, Expected Net Premium, Interest Income	[2]	13	1
Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected	[3]	(186)	(7)
Liability for Future Policy Benefit, Expected Net Premium, Derecognition	[4]	0	0
Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change		0	0
Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change		1,414	183
AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax		(460)	107	5,823	4,628
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change				0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience				(11)	(23)
Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change		5,868	4,541	5,812	4,605
Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance	[1]	154	0
Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense	[2]	56	47
Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment	[5]	(138)	(111)
Liability for Future Policy Benefit, Expected Future Policy Benefit, Derecognition	[4]	0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change		(16)	0
Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change		5,408	4,648
Future policy benefits		3,994	4,465
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance		0	0
Liability for Future Policy Benefit, after Reinsurance		$ 3,994	$ 4,465
Liability for Future Policy Benefit, Weighted-Average Duration		8 years	10 years
Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate		3.50%	3.00%
Liability for Future Policy Benefit, Current Weighted-Average Discount Rate		5.00%	3.90%
Insurance, Other | CANADA | Other Segments
Liability for Future Policy Benefit, by Product Segment [Line Items]
AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax		$ (336)	$ (193)	3,394	3,329
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change				0	0
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience				(2)	(7)
Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change		3,344	3,882	3,392	3,322
Liability for Future Policy Benefit, Expected Net Premium, Issuance	[1]	0	581
Liability for Future Policy Benefit, Expected Net Premium, Interest Income	[2]	27	26
Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected	[3]	(84)	(88)
Liability for Future Policy Benefit, Expected Net Premium, Derecognition	[4]	0	0
Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change		9	41
Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change		3,008	3,689
AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax		(332)	(184)	3,447	3,393
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change				0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience				(6)	(12)
Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change		3,394	3,944	3,441	3,381
Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance	[1]	0	581
Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense	[2]	28	27
Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment	[5]	(83)	(87)
Liability for Future Policy Benefit, Expected Future Policy Benefit, Derecognition	[4]	0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change		8	42
Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change		3,062	3,760
Future policy benefits		54	71
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance		0	0
Liability for Future Policy Benefit, after Reinsurance		$ 54	$ 71
Liability for Future Policy Benefit, Weighted-Average Duration		7 years	8 years
Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate		3.30%	2.90%
Liability for Future Policy Benefit, Current Weighted-Average Discount Rate		4.70%	3.90%
Insurance, Other | EMEA [Member] | Other Segments
Liability for Future Policy Benefit, by Product Segment [Line Items]
AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax		$ (8,323)	$ (3,365)	38,782	31,973
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change				0	0
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience				42	111
Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change		42,668	41,227	38,824	32,084
Liability for Future Policy Benefit, Expected Net Premium, Issuance	[1]	3,681	10,932
Liability for Future Policy Benefit, Expected Net Premium, Interest Income	[2]	185	185
Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected	[3]	(764)	(799)
Liability for Future Policy Benefit, Expected Net Premium, Derecognition	[4]	0	0
Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change		742	(1,175)
Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change		34,345	37,862
AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax		(9,191)	(3,472)	44,330	38,196
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change				0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience				31	103
Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change		48,261	47,210	44,361	38,299
Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance	[1]	3,681	10,932
Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense	[2]	225	228
Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment	[5]	(858)	(895)
Liability for Future Policy Benefit, Expected Future Policy Benefit, Derecognition	[4]	0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change		852	(1,354)
Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change		39,070	43,738
Future policy benefits		4,725	5,876
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance		0	0
Liability for Future Policy Benefit, after Reinsurance		$ 4,725	$ 5,876
Liability for Future Policy Benefit, Weighted-Average Duration		9 years	10 years
Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate		1.90%	2.10%
Liability for Future Policy Benefit, Current Weighted-Average Discount Rate		4.70%	2.80%
Insurance, Other | Asia Pacific [Member] | Other Segments
Liability for Future Policy Benefit, by Product Segment [Line Items]
AOCI, Liability for Future Policy Benefit, Expected Net Premium, before Tax		$ 74	$ 187	1,605	1,051
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) from Cash Flow Change				0	0
Liability for Future Policy Benefit, Expected Net Premium, Cumulative Increase (Decrease) of Actual Variance from Expected Experience				0	47
Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Reinsurance, after Cash Flow Change		1,574	1,739	1,605	1,098
Liability for Future Policy Benefit, Expected Net Premium, Issuance	[1]	1,244	1,325
Liability for Future Policy Benefit, Expected Net Premium, Interest Income	[2]	6	6
Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected	[3]	(1,260)	(613)
Liability for Future Policy Benefit, Expected Net Premium, Derecognition	[4]	0	0
Liability for Future Policy Benefit, Expected Net Premium, Increase (Decrease) for Other Change		(21)	(77)
Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change		1,648	1,926
AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax		(250)	51	6,561	6,062
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change				0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) of Actual Variance from Expected Experience				(1)	48
Liability for Future Policy Benefit, Expected Future Benefit, Original Discount Rate, before Reinsurance, after Cash Flow Change		7,722	7,056	$ 6,560	$ 6,110
Liability for Future Policy Benefit, Expected Future Policy Benefit, Issuance	[1]	1,289	1,325
Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense	[2]	18	17
Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment	[5]	(68)	(50)
Liability for Future Policy Benefit, Expected Future Policy Benefit, Derecognition	[4]	0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit, Increase (Decrease) for Other Change		(77)	(346)
Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change		7,472	7,107
Future policy benefits		5,824	5,181
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance		0	0
Liability for Future Policy Benefit, after Reinsurance		$ 5,824	$ 5,181
Liability for Future Policy Benefit, Weighted-Average Duration		15 years	16 years
Liability for Future Policy Benefit, Weighted-Average Interest Accretion Rate		1.30%	1.40%
Liability for Future Policy Benefit, Current Weighted-Average Discount Rate		1.50%	1.30%

[1] Issuances: The present value, using the original discount rate, of the expected net premiums or the expected future policy benefits related to new reinsurance contracts that became effective during the current period and new policies assumed on existing contracts.

[2] Interest accrual: The interest earned on the beginning present value of either the expected net premiums or the expected future policy benefits using the original interest rate.

[3] Net premiums collected: The portion of gross premiums collected from the ceding company that is used to fund expected benefit payments.

[4] Derecognition: Includes the effects of treaty recaptures and treaty amendments that resulted in the termination of an existing treaty and the issuance of a new treaty under the internal replacement model.

[5] Benefit payments: The release of the present value, using the original discount rate, of the expected future policy benefits due to death, lapse/withdrawal, and other benefit payments based on current assumptions.