Prudential Financial, Inc. 5.62 (PRS) 10-Q 3 Aug 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2023	Jul. 31, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-16707
Entity Registrant Name	Prudential Financial, Inc.
Entity Incorporation, State or Country Code	NJ
Entity Tax Identification Number	22-3703799
Entity Address, Address Line One	751 Broad Street
Entity Address, City or Town	Newark
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07102
City Area Code	973
Local Phone Number	802-6000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		363,000,000
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001137774
Common Class A
Document Information [Line Items]
Title of 12(b) Security	Common Stock, Par Value $.01
Trading Symbol	PRU
Security Exchange Name	NYSE
5.950% Junior Subordinated Notes
Document Information [Line Items]
Title of 12(b) Security	5.950% Junior Subordinated Notes
Trading Symbol	PRH
Security Exchange Name	NYSE
5.625% Junior Subordinated Notes
Document Information [Line Items]
Title of 12(b) Security	5.625% Junior Subordinated Notes
Trading Symbol	PRS
Security Exchange Name	NYSE
4.125% Junior Subordinated Notes
Document Information [Line Items]
Title of 12(b) Security	4.125% Junior Subordinated Notes
Trading Symbol	PFH
Security Exchange Name	NYSE

Unaudited Interim Consolidated

Unaudited Interim Consolidated Statements of Financial Position - USD ($) $ in Millions		Jun. 30, 2023	Dec. 31, 2022
ASSETS
Fixed maturities, available-for-sale, at fair value (allowance for credit losses: 2023-$276; 2022-$138) (amortized cost: 2023-$333,311; 2022-$335,447)	[1]	$ 312,230	$ 307,719
Fixed maturities, held-to-maturity, at amortized cost, net of allowance for credit losses (allowance for credit losses: 2023-$2; 2022-$2) (fair value: 2023-$1,329; 2022-$1,455)	[1]	1,171	1,296
Fixed maturities, trading, at fair value (amortized cost: 2023-$7,596; 2022-$7,303)	[1]	6,349	5,951
Assets supporting experience-rated contractholder liabilities, at fair value		3,019	2,844
Equity securities, at fair value (cost: 2023-$5,939; 2022-$5,306)	[1]	8,359	7,150
Commercial mortgage and other loans (net of $241 and $203 allowance for credit losses; includes $323 and $137 of loans measured at fair value under the fair value option at June 30, 2023 and December 31, 2022, respectively)	[1]	57,689	56,745
Policy loans		9,983	10,046
Other invested assets (net of $1 and $1 allowance for credit losses; includes $5,902 and $5,682 of assets measured at fair value at June 30, 2023 and December 31, 2022, respectively)	[1]	21,473	21,099
Short-term investments (net of allowance for credit losses: 2023-$7; 2022-$6)		5,059	4,591
Total investments		425,332	417,441
Cash and cash equivalents	[1]	14,652	17,251
Accrued investment income	[1]	3,142	3,012
Deferred policy acquisition costs		20,320	20,546	[2]
Value of business acquired		542	621	[2]
Income tax assets		803	0
Market risk benefit assets		1,951	800	[2]
Other assets (net of allowance for credit losses: 2023-$25; 2022-$26)	[1]	29,691	31,679	[2]
Separate account assets		200,871	197,679
TOTAL ASSETS		697,304	689,029
LIABILITIES
Future policy benefits		268,649	261,773	[2]
Policyholders’ account balances		138,743	135,624	[2]
Market risk benefit liabilities		5,462	5,864	[2]
Policyholders’ dividends		1,058	694
Securities sold under agreements to repurchase		6,097	6,589
Cash collateral for loaned securities		5,207	6,100
Income tax liabilities		0	277	[2]
Short-term debt		763	775
Long-term debt		18,876	19,908
Other liabilities (including allowance for credit losses: 2023-$16; 2022-$18 )	[1]	21,721	21,824	[2]
Notes issued by consolidated variable interest entities	[1]	402	374
Separate account liabilities		200,871	197,679
Total liabilities		667,849	657,481
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 20)
EQUITY
Preferred Stock ($0.01 par value; 10,000,000 shares authorized; none issued)		0	0
Common Stock ($0.01 par value; 1,500,000,000 shares authorized; 666,305,189 shares issued as of both June 30, 2023 and December 31, 2022)		6	6
Additional paid-in capital		25,676	25,747
Common Stock held in treasury, at cost (302,857,740 and 300,342,458 shares at June 30, 2023 and December 31, 2022, respectively)		(23,355)	(23,068)
Accumulated other comprehensive income (loss)		(6,649)	(3,806)	[2]
Retained earnings		32,756	31,714	[2]
Total Prudential Financial, Inc. equity		28,434	30,593
Noncontrolling interests		1,021	955
Total equity		29,455	31,548	[3]
TOTAL LIABILITIES AND EQUITY		697,304	689,029
Consolidated VIEs for Which the Company is the Investment Manager
ASSETS
TOTAL ASSETS		5,827	5,557
LIABILITIES
Total liabilities		899	763
Notes issued by consolidated VIEs | Consolidated VIEs for Which the Company is the Investment Manager
LIABILITIES
Total liabilities		$ 402	$ 374
[1]See Note 4 for details of balances associated with variable interest entities.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[3]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Unaudited Interim Consolidate_2

Unaudited Interim Consolidated Statements of Financial Position (Parenthetical) - USD ($) $ in Millions		Jun. 30, 2023	Dec. 31, 2022
Fixed Maturities, AFS, allowance for credit losses		$ 276	$ 138
Fixed Maturities, available-for-sale, Amortized Cost		333,311	335,447
Fixed Maturities, HTM, allowance for credit losses		2	2
Fixed Maturities, Held-to maturity, Fair Value		1,329	1,455
Fixed maturities, trading, amortized cost		7,596	7,303
Equity securities, AFS, amortized cost		5,939	5,306
Commercial mortgage and other loans, allowance for credit losses		241	203
Commercial mortgage and other loans	[1]	57,689	56,745
Other invested assets, allowance for credit losses	[1]	21,473	21,099
Other invested assets, at fair value		5,902	5,682
Other liabilities, allowance for credit losses	[1]	$ 21,721	$ 21,824	[2]
Preferred stock, par value (in dollars per share)		$ 0.01	$ 0.01
Preferred stock, shares authorized		10,000,000	10,000,000
Preferred stock, shares issued		0	0
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01
Common stock, shares authorized		1,500,000,000	1,500,000,000
Common stock, shares, Issued		666,305,189	666,305,189
Treasury Stock, Shares		302,857,740	300,342,458
Fair value option
Commercial mortgage and other loans		$ 323	$ 137
Leveraged lease loans
Other invested assets, allowance for credit losses		1	1
ASU 2016-13
Short-term investments, allowance for credit losses		7	6
Other assets, allowance for credit losses		25	26
Other liabilities, allowance for credit losses		$ 16	$ 18
[1]See Note 4 for details of balances associated with variable interest entities.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Unaudited Interim Consolidate_3

Unaudited Interim Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022		Jun. 30, 2023	Jun. 30, 2022
REVENUES
Premiums (includes 2023-$275 and 2022-$(448) for gain (loss) from changes in estimates on deferred profit liability amortization)	$ 6,909	$ 6,477	[1]	$ 16,272	$ 14,166	[2]
Policy charges and fee income	1,073	975	[1]	2,207	2,274	[2]
Net investment income	4,476	3,938		8,796	8,296
Asset management and service fees	918	987		1,835	2,120
Other income (loss)	1,044	1,361	[1]	2,063	51	[2]
Realized investment gains (losses), net	(938)	(1,636)	[1]	(721)	(2,680)	[3]
Change in value of market risk benefits, net of related hedging gain	16	(710)	[1]	91	(980)	[3]
Total revenues	13,498	11,392		30,543	23,247
BENEFITS AND EXPENSES
Policyholders’ benefits	7,661	7,958	[1]	17,965	16,733	[2]
Change in estimates of liability for future policy benefits	255	777	[1]	280	632	[2]
Interest credited to policyholders’ account balances	1,149	644	[1]	2,130	704	[2]
Dividends to policyholders	303	(207)	[1]	622	28
Amortization of deferred policy acquisition costs	366	358	[1]	731	729	[2]
General and administrative expenses	3,143	2,930	[1]	6,347	6,147	[1]
Total benefits and expenses	12,877	12,460		28,075	24,973
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	621	(1,068)		2,468	(1,726)
Total income tax expense (benefit)	123	(119)	[1]	505	(263)	[2]
INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	498	(949)		1,963	(1,463)
Equity in earnings of operating joint ventures, net of taxes	(2)	(68)		10	(60)
NET INCOME (LOSS)	496	(1,017)		1,973	(1,523)	[3]
Less: Income (loss) attributable to noncontrolling interests	(15)	(7)		0	(20)
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC.	$ 511	$ (1,010)		$ 1,973	$ (1,503)
Basic earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)	$ 1.38	$ (2.71)		$ 5.33	$ (4.04)
Diluted earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)	$ 1.38	$ (2.71)		$ 5.31	$ (4.04)
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[3]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Unaudited Interim Consolidate_4

Unaudited Interim Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022		Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
NET INCOME (LOSS)	$ 496	$ (1,017)		$ 1,973	$ (1,523)	[1]
Other comprehensive income (loss), before tax:
Foreign currency translation adjustments for the period	(371)	(912)	[2]	(358)	(1,301)	[2]
Net unrealized investment gains (losses)	(2,814)	(19,154)	[2]	5,565	(41,987)	[2]
Interest rate remeasurement of future policy benefits	(196)	25,029	[2]	(8,901)	48,618	[2]
Gain (loss) from changes in non-performance risk on market risk benefits	(263)	200	[2]	(77)	1,307	[2]
Defined benefit pension and postretirement unrecognized periodic benefit (cost)	26	388		45	453
Total	(3,618)	5,551		(3,726)	7,090
Less: Income tax expense (benefit) related to other comprehensive income (loss)	(793)	1,701	[2]	(883)	2,301	[2]
Other comprehensive income (loss), net of taxes	(2,825)	3,850		(2,843)	4,789
Comprehensive income (loss)	(2,329)	2,833		(870)	3,266
Less: Comprehensive income (loss) attributable to noncontrolling interests	(16)	(7)		0	(21)
Comprehensive income (loss) attributable to Prudential Financial, Inc.	$ (2,313)	$ 2,840		$ (870)	$ 3,287
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Unaudited Interim Consolidate_5

Unaudited Interim Consolidated Statements of Equity - USD ($) $ in Millions		Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Common Stock Held in Treasury Common Stock	Accumulated Other Comprehensive Income (Loss)	Total Prudential Financial, Inc. Equity	Noncontrolling Interests
Balance at Dec. 31, 2021	[1]	$ 30,322	$ 6	$ 25,732	$ 35,183	$ (21,838)	$ (9,493)	$ 29,590	$ 732
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock acquired		(375)				(375)		(375)
Contributions from noncontrolling interests		3							3
Distributions to noncontrolling interests		(21)							(21)
Stock-based compensation programs		89		(73)		162		89
Dividends declared on Common Stock		(462)			(462)			(462)
Comprehensive income:
Net income (loss)		(506)			(493)			(493)	(13)
Other comprehensive income (loss), net of tax		939					940	940	(1)
Comprehensive income (loss)		433						447	(14)
Balance at Mar. 31, 2022	[1]	29,989	6	25,659	34,228	(22,051)	(8,553)	29,289	700
Balance at Dec. 31, 2021	[1]	30,322	6	25,732	35,183	(21,838)	(9,493)	29,590	732
Comprehensive income:
Net income (loss)	[2]	(1,523)
Other comprehensive income (loss), net of tax		4,789
Comprehensive income (loss)		3,266
Balance at Jun. 30, 2022	[3]	32,017	6	25,661	32,761	(22,391)	(4,703)	31,334	683
Balance at Mar. 31, 2022	[1]	29,989	6	25,659	34,228	(22,051)	(8,553)	29,289	700
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock acquired		(375)				(375)		(375)
Contributions from noncontrolling interests		26							26
Distributions to noncontrolling interests		(36)							(36)
Stock-based compensation programs		37		2		35		37
Dividends declared on Common Stock		(457)			(457)			(457)
Comprehensive income:
Net income (loss)		(1,017)			(1,010)			(1,010)	(7)
Other comprehensive income (loss), net of tax		3,850					3,850	3,850	0
Comprehensive income (loss)		2,833						2,840	(7)
Balance at Jun. 30, 2022	[3]	32,017	6	25,661	32,761	(22,391)	(4,703)	31,334	683
Balance at Dec. 31, 2022	[3]	31,548	6	25,747	31,714	(23,068)	(3,806)	30,593	955
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock acquired		(250)				(250)		(250)
Contributions from noncontrolling interests		93							93
Distributions to noncontrolling interests		(2)							(2)
Stock-based compensation programs		67		(104)		171		67
Dividends declared on Common Stock		(468)			(468)			(468)
Comprehensive income:
Net income (loss)		1,477			1,462			1,462	15
Other comprehensive income (loss), net of tax		(18)					(19)	(19)	1
Comprehensive income (loss)		1,459						1,443	16
Balance at Mar. 31, 2023		32,447	6	25,643	32,708	(23,147)	(3,825)	31,385	1,062
Balance at Dec. 31, 2022	[3]	31,548	6	25,747	31,714	(23,068)	(3,806)	30,593	955
Comprehensive income:
Net income (loss)		1,973
Other comprehensive income (loss), net of tax		(2,843)
Comprehensive income (loss)		(870)
Balance at Jun. 30, 2023		29,455	6	25,676	32,756	(23,355)	(6,649)	28,434	1,021
Balance at Mar. 31, 2023		32,447	6	25,643	32,708	(23,147)	(3,825)	31,385	1,062
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock acquired		(252)				(252)		(252)
Contributions from noncontrolling interests		30							30
Distributions to noncontrolling interests		(19)							(19)
Noncontrolling Interest, Decrease from Deconsolidation		36							36
Stock-based compensation programs		77		33		44		77
Dividends declared on Common Stock		(463)			(463)			(463)
Comprehensive income:
Net income (loss)		496			511			511	(15)
Other comprehensive income (loss), net of tax		(2,825)					(2,824)	(2,824)	(1)
Comprehensive income (loss)		(2,329)						(2,313)	(16)
Balance at Jun. 30, 2023		$ 29,455	$ 6	$ 25,676	$ 32,756	$ (23,355)	$ (6,649)	$ 28,434	$ 1,021
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[3]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Unaudited Interim Consolidate_6

Unaudited Interim Consolidated Statements of Cash Flows - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2023		Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)		$ 1,973		$ (1,523)	[1]
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Realized investment (gains) losses, net		721		2,680	[1]
Change in value of market risk benefits, net of related hedging (gains) losses		(91)		980	[1]
Policy charges and fee income		(1,073)		(1,104)	[1]
Interest credited to policyholders’ account balances		2,130		704	[1]
Depreciation and amortization		46		182	[1]
(Gains) losses on assets supporting experience-rated contractholder liabilities, net		(422)		1,080
Change in:
Deferred policy acquisition costs		(385)		(357)	[1]
Future policy benefits and other insurance liabilities		2,738		4,092	[1]
Income taxes		(196)		(1,576)	[1]
Derivatives, net		(333)		(1,969)	[1]
Other, net		(2,541)		(1,687)	[1]
Cash flows from (used in) operating activities		2,567		1,502
Proceeds from the sale/maturity/prepayment of:
Fixed maturities, available-for-sale		22,234		28,636
Fixed maturities, held-to-maturity		17		17
Fixed maturities, trading		344		1,206
Assets supporting experience-rated contractholder liabilities		1,256		10,235
Equity securities		1,192		2,535
Commercial mortgage and other loans		1,685		3,004
Policy loans		880		869
Other invested assets		532		1,155
Short-term investments		15,065		20,616
Payments for the purchase/origination of:
Fixed maturities, available-for-sale		(25,467)		(33,244)
Fixed maturities, trading		(583)		(225)
Assets supporting experience-rated contractholder liabilities		(1,283)		(10,592)
Equity securities		(1,524)		(1,361)
Commercial mortgage and other loans		(2,457)		(2,778)
Policy loans		(780)		(593)
Other invested assets		(1,044)		(1,320)
Short-term investments		(15,380)		(20,079)
Dispositions, net of cash disposed		0		422
Derivatives, net		(700)		(1,802)
Other, net		(130)		59
Cash flows from (used in) investing activities		(6,143)		(3,240)
CASH FLOWS FROM FINANCING ACTIVITIES
Policyholders’ account deposits		13,402		13,969
Policyholders’ account withdrawals		(8,791)		(12,764)
Net change in securities sold under agreements to repurchase and cash collateral for loaned securities		(1,384)		(483)
Cash dividends paid on Common Stock		(933)		(921)
Net change in financing arrangements (maturities 90 days or less)		3		(258)
Common Stock acquired		(504)		(738)
Common Stock reissued for exercise of stock options		63		99
Proceeds from the issuance of debt (maturities longer than 90 days)		495		1,024
Repayments of debt (maturities longer than 90 days)		(1,604)		(124)
Proceeds from notes issued by consolidated VIEs		67		0
Repayments of notes issued by consolidated VIEs		(18)		0
Other, net		318		1,660
Cash flows from (used in) financing activities		1,114		1,464
Effect of foreign exchange rate changes on cash balances		(143)		(317)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS INCLUDING BALANCES CLASSIFIED AS HELD-FOR-SALE		(2,605)		(591)
NET CHANGE IN CASH BALANCES CLASSIFIED AS HELD-FOR-SALE		0		(2,071)	[2]
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS		(2,605)		1,480
CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS, BEGINNING OF YEAR		17,299		12,934
CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS, END OF PERIOD		14,694		14,414
HELD-FOR-SALE CLASSIFICATION
Change in assets classified as held-for-sale		0		(153,935)	[1],[2]
Change in liabilities classified as held-for-sale		0		(151,508)	[1],[2]
Change in net assets classified as held-for-sale		0		(2,427)	[1],[2]
NON-CASH TRANSACTIONS DURING THE PERIOD
Treasury Stock shares issued for stock-based compensation programs		272		229
Novation of annuity contracts	[3]	343		0
RECONCILIATION TO THE UNAUDITED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
Cash and cash equivalents		14,652	[4]	14,359
Restricted cash and restricted cash equivalents (included in “Other assets”)		42		55
Total cash, cash equivalents, restricted cash and restricted cash equivalents		14,694		14,414
Pension Risk Transfer
NON-CASH TRANSACTIONS DURING THE PERIOD
Assets Received, excluding cash and cash equivalents		1,506		502
Liabilities Assumed		2,409		505
Net cash received		$ 903		$ 3
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]See Note 1 for additional information regarding the dispositions.[3]“Cash flows from (used in) operating activities” and “Cash flows from (used in) investing activities” exclude certain non-cash activities related to the novation of certain, previously reinsured, annuity products, from Fortitude Group Holdings, LLC to the Company. See Note 1 for additional information.[4]See Note 4 for details of balances associated with variable interest entities.

Unaudited Interim Consolidate_7

Unaudited Interim Consolidated Statements of Operations (Parenthetical) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Gain (loss) from changes in estimates on deferred profit liability amortization	$ 275,000,000	$ (448,000,000)

Business and Basis of Presentat

Business and Basis of Presentation	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Basis of Presentation	BUSINESS AND BASIS OF PRESENTATION Prudential Financial, Inc. (“Prudential Financial”) and its subsidiaries (collectively, “Prudential” or the “Company”) provide a wide range of insurance, investment management, and other financial products and services to both individual and institutional customers throughout the United States and in many other countries. Principal products and services provided include life insurance, annuities, retirement solutions, mutual funds and investment management. Effective January 1, 2023, the Company made the following segment reporting changes, which do not impact the Company’s consolidated financial statements: • Based on the write-down of Assurance IQ’s (“AIQ”) goodwill asset, and that its financial results and operations are not considered significant, AIQ no longer represents a separately reportable segment and is now included within the Company’s Corporate and Other operations. • Since Prudential Advisors, the Company’s proprietary nationwide distribution business, is no longer managed through the Individual Life segment and its financial results and operations are not considered significant, it is now included within the Company’s Corporate and Other operations. Historical segment results have been updated to conform to the current period presentation. The Company’s principal operations consist of PGIM (the Company’s global investment management business), the U.S. Businesses (consisting of the Retirement Strategies, Group Insurance and Individual Life businesses), the International Businesses, the Closed Block division, and the Company’s Corporate and Other operations. The Closed Block division is accounted for as a divested business that is reported separately from the Divested and Run-off Businesses that are included within Corporate and Other operations. Divested and Run-off Businesses consist of businesses that have been, or will be, sold or exited, including businesses that have been placed in wind-down status that do not qualify for “discontinued operations” accounting treatment under U.S. GAAP. The Company’s Corporate and Other operations include corporate items and initiatives that are not allocated to business segments, as well as the Divested and Run-off Businesses described above. Basis of Presentation On January 1, 2023, the Company adopted Accounting Standard Update (“ASU”) 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts, which provided new authoritative guidance impacting the accounting and disclosure requirements for long-duration insurance and investment contracts issued by the Company. See “Adoption of ASU 2018-12” below for additional information regarding this adoption, including the impacts to the Company’s 2022 financial statements from implementing the new accounting standard as well as the transition impacts recorded as of January 1, 2021. See Note 2 for additional details regarding the key policy changes effected by this ASU and updated accounting policies resulting from the adoption of this ASU for all periods presented in the Unaudited Interim Consolidated Financial Statements. The Unaudited Interim Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) on a basis consistent with reporting interim financial information in accordance with instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (“SEC”). The Unaudited Interim Consolidated Financial Statements include the accounts of Prudential Financial, entities over which the Company exercises control, including majority-owned subsidiaries and minority-owned entities such as limited partnerships in which the Company is the general partner, and variable interest entities (“VIEs”) in which the Company is considered the primary beneficiary. See Note 4 for additional information regarding the Company’s consolidated variable interest entities. Intercompany balances and transactions have been eliminated. In the opinion of management, all adjustments necessary for a fair statement of the financial position and results of operations have been made. All such adjustments are of a normal, recurring nature. Interim results are not necessarily indicative of the results that may be expected for the full year. These financial statements should be read in conjunction with the Company’s Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. Adoption of ASU 2018-12 In August 2018, the FASB issued ASU 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts which provides new authoritative guidance impacting the accounting and disclosure requirements for long-duration insurance and investment contracts issued by the Company. The Company adopted this guidance, effective January 1, 2023, using the modified retrospective transition method, where permitted, for changes to the liability for future policy benefits and deferred policy acquisition costs (“DAC”) and related balances, and using the retrospective transition method, as required, for market risk benefits. The Company applied the guidance as of the transition date of January 1, 2021 and retrospectively adjusted prior period amounts shown in the 2023 financial statements to reflect the new guidance. The following tables present amounts as previously reported in 2022, the effect upon those amounts from the adoption of the new guidance under ASU 2018-12, and the adjusted amounts that are reflected in the Unaudited Interim Consolidated Financial Statements included herein. Unaudited Interim Consolidated Statements of Financial Position: December 31, 2022 IMPACTED LINES ONLY As Previously Reported Effect of Change As Currently Reported (in millions) Deferred policy acquisition costs $ 19,537 $ 1,009 $ 20,546 Value of business acquired 595 26 621 Income tax assets 4,214 (4,214) 0 Market risk benefit assets 0 800 800 Other assets 30,188 1,491 31,679 TOTAL ASSETS 689,917 (888) 689,029 Future policy benefits 284,452 (22,679) 261,773 Policyholders' account balances 135,602 22 135,624 Market risk benefit liabilities 0 5,864 5,864 Income taxes 0 277 277 Other liabilities 20,536 1,288 21,824 Total liabilities 672,709 (15,228) 657,481 Accumulated other comprehensive income (loss) (19,827) 16,021 (3,806) Retained earnings 33,392 (1,678) 31,714 Total Prudential Financial, Inc. equity 16,250 14,343 30,593 Noncontrolling interests 958 (3) 955 Total equity 17,208 14,340 31,548 TOTAL LIABILITIES AND EQUITY $ 689,917 $ (888) $ 689,029 Unaudited Interim Consolidated Statements of Operations: Three Months Ended June 30, 2022 IMPACTED LINES ONLY As Previously Reported Effect of Change As Currently Reported (in millions, except per share amounts) REVENUES Premiums $ 7,112 $ (635) $ 6,477 Policy charges and fee income 1,551 (576) 975 Other income (loss) 580 781 1,361 Realized investment gains (losses), net (1,147) (489) (1,636) Change in value of market risk benefits, net of related hedging gain 0 (710) (710) Total revenues 13,021 (1,629) 11,392 BENEFITS AND EXPENSES Policyholders' benefits 9,612 (1,654) 7,958 Change in estimates of liability for future policy benefits 0 777 777 Interest credited to policyholders' account balances 665 (21) 644 Amortization of deferred policy acquisition costs 581 (223) 358 General and administrative expenses 2,881 49 2,930 Total benefits and expenses 13,532 (1,072) 12,460 INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES (511) (557) (1,068) Total income tax expense (benefit) 11 (130) (119) INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES (522) (427) (949) Equity in earnings of operating joint ventures, net of taxes (50) (18) (68) NET INCOME (LOSS) (572) (445) (1,017) NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC. $ (565) $ (445) $ (1,010) EARNINGS PER SHARE Basic earnings per share-Common Stock: Net income (loss) attributable to Prudential Financial, Inc. $ (1.53) $ (1.18) $ (2.71) Diluted earnings per share-Common Stock: Net income (loss) attributable to Prudential Financial, Inc. $ (1.53) $ (1.18) $ (2.71) Six Months Ended June 30, 2022 IMPACTED LINES ONLY As Previously Reported Effect of Change As Currently Reported (in millions, except per share amounts) REVENUES Premiums $ 15,064 $ (898) $ 14,166 Policy charges and fee income 3,010 (736) 2,274 Other income (loss) (791) 842 51 Realized investment gains (losses), net (1,463) (1,217) (2,680) Change in value of market risk benefits, net of related hedging gain 0 (980) (980) Total revenues 26,236 (2,989) 23,247 BENEFITS AND EXPENSES Policyholders' benefits 18,480 (1,747) 16,733 Change in estimates of liability for future policy benefits 0 632 632 Interest credited to policyholders' account balances 834 (130) 704 Amortization of deferred policy acquisition costs 1,428 (699) 729 General and administrative expenses 6,092 55 6,147 Total benefits and expenses 26,862 (1,889) 24,973 INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES (626) (1,100) (1,726) Total income tax expense (benefit) (58) (205) (263) INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES (568) (895) (1,463) Equity in earnings of operating joint ventures, net of taxes (48) (12) (60) NET INCOME (LOSS) (616) (907) (1,523) NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC. $ (596) $ (907) $ (1,503) EARNINGS PER SHARE Basic earnings per share-Common Stock: Net income (loss) attributable to Prudential Financial, Inc. $ (1.62) $ (2.42) $ (4.04) Diluted earnings per share-Common Stock: Net income (loss) attributable to Prudential Financial, Inc. $ (1.62) $ (2.42) $ (4.04) Unaudited Interim Consolidated Statements of Comprehensive Income: Three Months Ended June 30, 2022 IMPACTED LINES ONLY As Previously Reported Effect of Change As Currently Reported (in millions) NET INCOME (LOSS) $ (572) $ (445) $ (1,017) Other comprehensive income (loss), before tax: Foreign currency translation adjustments for the period (984) 72 (912) Net unrealized investment gains (losses) (17,740) (1,414) (19,154) Interest rate remeasurement of future policy benefits 0 25,029 25,029 Gain (loss) from changes in non-performance risk on market risk benefits 0 200 200 Total (18,336) 23,887 5,551 Less: Income tax expense (benefit) related to other comprehensive income (loss) (3,953) 5,654 1,701 Other comprehensive income (loss), net of taxes (14,383) 18,233 3,850 Comprehensive income (loss) (14,955) 17,788 2,833 Comprehensive income (loss) attributable to Prudential Financial, Inc. $ (14,948) $ 17,788 $ 2,840 Six Months Ended June 30, 2022 IMPACTED LINES ONLY As Previously Reported Effect of Change As Currently Reported (in millions) NET INCOME (LOSS) $ (616) $ (907) $ (1,523) Other comprehensive income (loss), before tax: Foreign currency translation adjustments for the period (1,336) 35 (1,301) Net unrealized investment gains (losses) (39,510) (2,477) (41,987) Interest rate remeasurement of future policy benefits 0 48,618 48,618 Gain (loss) from changes in non-performance risk on market risk benefits 0 1,307 1,307 Total (40,393) 47,483 7,090 Less: Income tax expense (benefit) related to other comprehensive income (loss) (8,890) 11,191 2,301 Other comprehensive income (loss), net of taxes (31,503) 36,292 4,789 Comprehensive income (loss) (32,119) 35,385 3,266 Comprehensive income (loss) attributable to Prudential Financial, Inc. $ (32,098) $ 35,385 $ 3,287 Unaudited Interim Consolidated Statements of Cash Flows: Six Months Ended June 30, 2022 IMPACTED LINES ONLY As Previously Reported Effect of Change As Currently Reported (in millions) CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $ (616) $ (907) $ (1,523) Adjustments to reconcile net income to net cash provided by operating activities: Realized investment (gains) losses, net 1,463 1,217 2,680 Change in value of market risk benefits, net of related hedging (gain) loss 0 980 980 Policy charges and fee income (1,334) 230 (1,104) Interest credited to policyholders' account balances 834 (130) 704 Depreciation and amortization 188 (6) 182 Change in: Deferred policy acquisition costs 324 (681) (357) Future policy benefits and other insurance liabilities 4,094 (2) 4,092 Income taxes (1,371) (205) (1,576) Derivatives, net (2,301) 332 (1,969) Other, net (859) (828) (1,687) Cash flows from (used in) operating activities $ 1,502 $ 0 $ 1,502 The following tables detail the January 1, 2021 transition adjustments by providing a rollforward of the ending reported balances as of December 31, 2020 to the opening balances as of January 1, 2021 for retained earnings, accumulated other comprehensive income (“AOCI”) and the impacted insurance-related balances. January 1, 2021 Retained Earnings (in millions) Balance after-tax, prior to transition $ 30,749 Reclassification of market risk benefits non-performance risk to AOCI(1) (1,588) Updates to certain universal life contract liabilities(2) (1,025) Change in non-participating traditional and limited-payment contract liabilities(3) (543) Other (271) Total pre-tax adjustments (3,427) Tax impacts 815 Balance after-tax, after transition $ 28,137 __________ (1) Reflects the cumulative impact of changes in the fair value of market risk benefits (“MRB”) non-performance risk (“NPR”) from the date of contract issuance to January 1, 2021. These amounts were previously recorded in retained earnings but are now reflected in AOCI under the new guidance. (2) Reflects the impact on additional insurance reserves (“AIR”) and other related balances primarily related to the no-lapse guarantee features on certain universal life contracts in the Individual Life segment. For additional information, see Note 2. (3) Reflects the impact on in-force contract liabilities where expected benefits exceed expected gross premiums and/or exhausts any deferred profit liabilities at any issue-year cohort level as a result of updating to current best estimate cash flow assumptions as of transition date, as well as the impact of flooring the liability for future policy benefits at zero at the issue-year cohort level as of transition date. At transition, there was a pre-tax charge to retained earnings of $402 million for certain issue-year cohorts related to non-participating traditional and limited-payment products where the expected benefits exceeded the expected gross premiums and/or exhausted any deferred profit liabilities. The charge is primarily driven by the loss of the aggregation benefit as sufficiencies in issue-year cohorts cannot offset issue-year cohorts with deficiencies. For additional information regarding the liability for future policy benefits, see Note 2. January 1, 2021 Accumulated Other Comprehensive Income (in millions) Balance after-tax, prior to transition $ 30,738 Unwinding amounts related to unrealized investment gains and losses(1) 5,534 Reclassification of MRB NPR to AOCI(2) 1,588 Interest rate remeasurement of future policy benefits(3) (62,711) Change in operating joint ventures (12) Total pre-tax adjustments (55,601) Tax impacts 13,205 Balance after-tax, after transition $ (11,658) __________ (1) Primarily reflects i) the removal of amounts related to the impact of unrealized investment gains and losses on premium deficiency reserves for non-participating traditional and limited-payment contracts and ii) amounts related to DAC and other balances as unrealized investment gains or losses no longer impact the amortization pattern of such balances under the new guidance. Also includes the impacts from updates to reserves and other related balances for certain universal life contracts. For additional information, see Note 2. (2) Reflects the cumulative impact of changes in NPR on the fair value of market risk benefits from the date of contract issuance to January 1, 2021. These amounts were previously recorded in retained earnings but are now reflected in AOCI under the new guidance. (3) Reflects the impact of remeasuring in-force non-participating traditional and limited-payment contract liabilities using current upper-medium grade fixed income instrument yields. This adjustment largely reflects the difference between discount rates locked-in at contract inception versus current discount rates as of January 1, 2021. January 1, 2021 Deferred Policy Acquisition Costs Retirement Strategies Individual Life International Businesses Other Businesses Total Individual Variable Term Life Variable/ Life Gibraltar (in millions) Balance prior to transition $ 4,643 $ 2,417 $ 3,779 $ 4,278 $ 3,390 $ 520 $ 19,027 Unwinding amounts related to unrealized investment gains and losses and other activity 273 0 450 337 570 106 1,736 Balance after transition $ 4,916 $ 2,417 $ 4,229 $ 4,615 $ 3,960 $ 626 $ 20,763 January 1, 2021 Deferred Sales Inducements(1) Retirement Strategies Other Businesses Total Individual Variable (in millions) Balance prior to transition $ 781 $ 39 $ 820 Unwinding amounts related to unrealized investment gains and losses 85 2 87 Balance after transition $ 866 $ 41 $ 907 __________ (1) Deferred sales inducements (“DSI”) are included in “Other assets”. January 1, 2021 Value of Business Acquired International Businesses Other Businesses(1) Total Gibraltar Life and Other (in millions) Balance prior to transition $ 852 $ 251 $ 1,103 Unwinding amounts related to unrealized investment gains and losses and other activity 59 1 60 Balance after transition $ 911 $ 252 $ 1,163 __________ (1) Primarily represents value of business acquired (“VOBA”) for the Full Service Retirement business. January 1, 2021 Benefit Reserves(1) Retirement Strategies Individual International Businesses Corporate and Other Other Businesses(2) Total Institutional Term Life Gibraltar Long- (in millions) Balance prior to transition $ 65,383 $ 7,887 $ 51,607 $ 69,542 $ 7,975 $ 6,624 $ 209,018 Changes in cash flow assumptions and other activity (3,805) 0 10 (523) (18) 1 (4,335) Balance after transition, at original discount rate 61,578 7,887 51,617 69,019 7,957 6,625 204,683 Cumulative changes in discount rate assumptions and other activity 13,548 2,662 22,590 13,784 4,905 5,381 62,870 Balance after transition, at current discount rate 75,126 10,549 74,207 82,803 12,862 12,006 267,553 Less: Reinsurance recoverable 0 799 160 307 0 13 1,279 Balance after transition, net of reinsurance recoverable $ 75,126 $ 9,750 $ 74,047 $ 82,496 $ 12,862 $ 11,993 $ 266,274 __________ (1) Benefit reserves, excluding amounts for reinsurance recoverable, are included in "Future policy benefits." For additional information regarding the liability for future policy benefits, see Note 9. (2) Primarily represents benefit reserves related to the Prudential of Taiwan business that was sold in the second quarter of 2021. The Company did not choose to apply ASU 2022-05 to this disposal transaction. See Note 2 for additional information. January 1, 2021 Deferred Profit Liability(1) Retirement Strategies International Businesses Other Businesses Total Institutional Life Planner Gibraltar Life and Other (in millions) Balance prior to transition $ 1,315 $ 1,964 $ 3,746 $ 349 $ 7,374 Changes in benefit reserves 3,801 110 730 148 4,789 Balance after transition 5,116 2,074 4,476 497 12,163 Less: Reinsurance recoverable 0 7 15 0 22 Balance after transition, net of reinsurance recoverable $ 5,116 $ 2,067 $ 4,461 $ 497 $ 12,141 __________ (1) Deferred profit liability (“DPL”), excluding amounts for reinsurance recoverable, is included in "Future policy benefits." For additional information regarding the liability for future policy benefits, see Note 9. January 1, 2021 Additional Insurance Reserves(1) Retirement Strategies Individual Life Other Businesses Total Individual Variable Variable/ Universal Life (in millions) Balance prior to transition $ 889 $ 9,415 $ 483 $ 10,787 Unwinding amounts related to unrealized investment gains and losses (65) (1,444) (106) (1,615) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 824 7,971 377 9,172 Reclassification of future policy benefits AIR to MRB (824) 0 (92) (916) Reclassification of policyholders’ account balances AIR to MRB 0 0 (48) (48) Updates to certain universal life contract liabilities(2) 0 1,772 7 1,779 Change in discount rate for annuitization benefits 0 0 116 116 Balance after transition, excluding amounts related to unrealized investment gains and losses 0 9,743 360 10,103 Amounts related to unrealized investment gains and losses after transition 0 1,186 0 1,186 Balance after transition 0 10,929 360 11,289 Less: Reinsurance recoverable 0 4,387 0 4,387 Balance after transition, net of reinsurance recoverable $ 0 $ 6,542 $ 360 $ 6,902 __________ (1) Additional insurance reserves (“AIR”), excluding amounts for reinsurance recoverable, are included in “Future policy benefits”. For additional information regarding the liability for future policy benefits, see Note 9. (2) For additional information regarding updates to reserves and other related balances for certain universal life contracts, see Note 2. January 1, 2021 Universal Life Loss Recognition Reserves/Profit Followed by Losses Liability(1) Individual Life Other Businesses Total (in millions) Balance prior to transition $ 1,823 $ 6 $ 1,829 Unwinding amounts related to unrealized investment gains and losses (1,149) 0 (1,149) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 674 6 680 Derecognizing LRR & PFL (674) 0 (674) Balance after transition, excluding amounts related to unrealized investment gains and losses 0 6 6 Amounts related to unrealized investment gains and losses after transition 1,018 0 1,018 Balance after transition $ 1,018 $ 6 $ 1,024 __________ (1) Universal life loss recognition reserves (“LRR”) / profit followed by losses liability (“PFL”) are included in “Future policy benefits”. For additional information regarding the liability for future policy benefits, see Note 9. January 1, 2021 Non-Participating Traditional and Limited-Payment Loss Recognition Reserves/Profit Followed by Losses Liability(1) Retirement Strategies International Businesses Corporate and Other Other Businesses Total Institutional Life Planner Gibraltar Life and Other Long- Term Care (in millions) Balance prior to transition $ 1,985 $ 181 $ 670 $ 734 $ 145 $ 3,715 Unwinding amounts related to unrealized investment gains and losses (1,985) (169) (670) (734) (105) (3,663) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 0 12 0 0 40 52 Derecognizing LRR & PFL 0 (12) 0 0 (40) (52) Balance after transition $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 __________ (1) Prior to the adoption of ASU 2018-12, non-participating traditional and limited-payment loss recognition reserves / profit followed by losses liabilities were included in “Future policy benefits”. January 1, 2021 Terminal Dividend Liability(1) Individual Life Closed Block Division Total Variable/ Universal Life Term Life (in millions) Balance prior to transition $ 212 $ 4 $ 375 $ 591 Unwinding amounts related to unrealized investment gains and losses and other activity (11) 0 0 (11) Balance after transition 201 4 375 580 Less: Reinsurance recoverable 0 0 0 0 Balance after transition, net of reinsurance recoverable $ 201 $ 4 $ 375 $ 580 __________ (1) Terminal dividend liability is included in “Future policy benefits”. January 1, 2021 Unearned Revenue Reserves(1) Individual Life International Businesses Variable/Universal Life Life Planner Gibraltar Life and Other Corporate and Other Other Businesses Total (in millions) Balance prior to transition $ 2,204 $ 161 $ 45 $ 152 $ 30 $ 2,592 Unwinding amounts related to unrealized investment gains and losses and other activity 539 2 5 38 0 584 Balance after transition 2,743 163 50 190 30 3,176 Less: Reinsurance recoverable 0 0 0 0 0 0 Balance after transition, net of reinsurance recoverable $ 2,743 $ 163 $ 50 $ 190 $ 30 $ 3,176 __________ (1) Unearned revenue reserves (“URR”) are included in “Policyholders' account balances”. January 1, 2021 Market Risk Benefits(1) Retirement Strategies Other Businesses Total Individual Variable (in millions) Liability for guaranteed benefits recorded at fair value, prior to transition $ 18,731 $ 148 $ 18,879 AIR to be reclassified to MRB, prior to transition, excluding amounts related to unrealized investment gains and losses 824 140 964 Total liability prior to transition 19,555 288 19,843 Change in reserve basis to MRB framework 122 98 220 MRB after transition, at current NPR value 19,677 386 20,063 Less: Reinsured MRB 204 7 211 MRB after transition, net of reinsurance 19,473 379 19,852 MRB after transition, at contract inception NPR value 21,259 392 21,651 Cumulative change in NPR 1,582 6 1,588 MRB after transition, at current NPR value $ 19,677 $ 386 $ 20,063 __________ (1) For additional information regarding market risk benefits, see Note 11. January 1, 2021 Cost of Reinsurance(1) Individual Life Variable/Universal Life (in millions) Balance prior to transition $ 3,058 Unwinding amounts related to unrealized investment gains and losses (659) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 2,399 Impact from updates to certain universal life contract liabilities(2) 860 Balance after transition, excluding amounts related to unrealized investment gains and losses 3,259 Amounts related to unrealized investment gains and losses after transition 580 Balance after transition $ 3,839 _________ (1) Cost of reinsurance is included in “Other liabilities.” (2) For additional information regarding updates to reserves and other related balances for certain universal life contracts, see Note 2. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates include those used in determining future policy benefits; policyholders’ account balances related to the fair value of embedded derivative instruments associated with the index-linked features of certain universal life and annuity products; market risk benefits; the measurement of goodwill and any related impairment; the valuation of investments including derivatives, the measurement of allowance for credit losses, and the recognition of other-than-temporary impairments (“OTTI”); pension and other postretirement benefits; any provision for income taxes and valuation of deferred tax assets; and accruals for contingent liabilities, including estimates for losses in connection with unresolved legal and regulatory matters. Reclassifications Certain amounts in prior periods have been reclassified for reasons unrelated to the adoption of ASU 2018-12 to conform to the current period presentation. Business Dispositions Prudential Annuities Life Assurance Corporation, Representing a Portion of Individual Annuities’ Traditional Variable Annuity Block of Business On April 1, 2022, the Company completed the sale of Prudential Annuities Life Assurance Corporation (“PALAC”), a wholly owned subsidiary, representing a portion of its in-force traditional variable annuity block of business, to Fortitude Group Holdings, LLC (“Fortitude”). The PALAC block primarily consisted of non-New York traditional variable annuities with guaranteed living benefits that were issued prior to 2011, which constituted approximately $30 billion of Prudential’s total in-force individual annuity account values at the closing of the transaction. The Company, through co-insurance and modified co-insurance agreements, has retained the economics of certain variable annuities, indexed annuities, and fixed annuities with a guaranteed lifetime withdrawal income feature issued by PALAC. The Company recognized a pre-tax gain on sale of $1,448 million within “Other income”, which is included in adjusted operating income within the Retirement Strategies segment. Full Service Retirement Business On April 1, 2022, the Company completed the sale of its Full Service Retirement business to Great-West Life & Annuity Insurance Company (“Great-West”), primarily through a combination of (i) the sale of all of the outstanding equity interests of certain legal entities, including Prudential Retirement Insurance and Annuity Company (“PRIAC”); (ii) the ceding of certain insurance policies through reinsurance; and (iii) the sale, transfer and/or novation of certain in-scope contracts and brokerage accounts. The Company recognized a net pre-tax gain on sale of $650 million, composed of (i) an $850 million gain recorded in “Other income”; (ii) $150 million of realized losses recorded in “Realized investment gains (losses), net”, related to assets transferred as part of the reinsurance of certain retained policies to Great-West; and (iii) $50 million of indirect expenses and charges recorded in “General and administrative expenses” on the Consolidated Statements of Operations. These amounts reflect certain post-closing adjustments in accordance with the terms of the transaction agreement. The net gain was excluded from adjusted operating income and reported within Divested Businesses as part of Corporate and Other operations. In addition, the Company recognized a deferred gain of approximately $400 million, including a post-closing true-up, for the ceding of certain insurance policies through reinsurance to Great-West. This deferred reinsurance gain will be recognized in income over the term of the ceded policies. Excluding the gain on sale, the Full Service Retirement business generated pre-tax income/(loss) of $0 million and $(218) million for the three and six months ended June 30, 2022, respectively. This amount excludes the impact of overhead costs retained in the Company’s Corporate and Other operations and not transferred to Great-West.

Significant Accounting Policies

Significant Accounting Policies and Pronouncements	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Significant Accounting Policies and Pronouncements	SIGNIFICANT ACCOUNTING POLICIES AND PRONOUNCEMENTS Recent Accounting Pronouncements Changes to U.S. GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of ASUs to the FASB Accounting Standards Codification (“ASC”). The Company considers the applicability and impact of all ASUs. ASUs listed below include those that have been adopted during the current fiscal year and/or those that have been issued but not yet adopted as of June 30, 2023, and as of the date of this filing. ASUs not listed below were assessed and determined to be either not applicable or not material. Adoption of ASU 2018-12 Effective January 1, 2023, the Company adopted ASU 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts . Adoption of this ASU impacted, at least to some extent, the accounting and disclosure requirements for all long-duration insurance and investment contracts issued by the Company and had a significant financial impact on the Consolidated Financial Statements and disclosures. See Note 1 for additional information. As of the January 1, 2021 transition date, the adoption of the standard resulted in a decrease to “Retained earnings” of $2.6 billion primarily from reclassifying the cumulative effect of changes in non-performance risk on market risk benefits from “Retained earnings” to “Accumulated other comprehensive income” (“AOCI”) as well as from a net increase in additional insurance reserves and other related balances primarily related to the no-lapse guarantee features on certain universal life contracts. AOCI decreased $42.4 billion as of the January 1, 2021 transition date largely from remeasuring in-force contract liabilities using upper-medium grade fixed income instrument yields as of the transition date. As of the January 1, 2023 adoption date, the impacts amounted to a decrease to “Retained earnings” of $1.7 billion and an increase to AOCI of $16.0 billion. The changes in the impacts from January 1, 2021 to January 1, 2023 primarily reflect the increase in interest rates during 2021 and 2022. Outlined below are: (1) key accounting policy changes effected by the ASU and (2) updated accounting policies for all of the periods presented in the Unaudited Interim Consolidated Financial Statements. (1) Key Accounting Policy Changes Area of Change Description Method of adoption Effect on the financial statements or other significant matters Cash flow assumptions used to measure the liability for future policy benefits for non-participating traditional and limited-payment insurance products Requires an entity to review and, if necessary, update the cash flow assumptions used to measure the liability for future policy benefits, for both changes in future assumptions and actual experience, at least annually using a retrospective update method with a cumulative catch-up adjustment recorded in a separate line item in the Consolidated Statements of Operations. Effective January 1, 2023 using the modified retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021 (the “transition date”). Under this method, the amendments to contracts in force were applied as of January 1, 2021 on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI. The impact upon transition reflects the impact on in-force contract liabilities in instances where expected net premiums exceeded expected gross premiums at an issue-year cohort level as a result of updating to current best estimate cash flow assumptions as of the transition date. As a result of the modified retrospective transition method, the vast majority of the impact of updating cash flow assumptions to best estimates as of the transition date will be reflected in the pattern of earnings in subsequent periods. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 9 for additional information. Discount rate assumption used to measure the liability for future policy benefits for non-participating traditional and limited-payment insurance products Requires discount rate assumptions to be based on upper-medium grade fixed income instrument yields, which will be updated each quarter with the impact recorded through OCI. An entity shall maximize the use of relevant observable information and minimize the use of unobservable information in determining the discount rate assumptions. As noted above, the guidance for the liability for future policy benefits was adopted effective January 1, 2023 using the modified retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021. Under this method, for balance sheet remeasurement purposes, the liability for future policy benefits is remeasured using discount rates as of January 1, 2021 with the impact recorded as a cumulative effect adjustment to AOCI. Adoption of the ASU resulted in a significant impact to AOCI as a result of remeasuring in-force contract liabilities using current upper-medium grade fixed income instrument yields. This adjustment largely reflects the difference between discount rates locked-in at contract inception versus current discount rates. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 9 for additional information. Amortization of deferred acquisition costs (“DAC”) and other balances Requires DAC and other balances, such as unearned revenue reserves and DSI, to be amortized on a constant level basis over the expected term of the related contract, independent of expected profitability. Effective January 1, 2023 using the modified retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021. Under this method, the amendments to contracts in force were applied as of January 1, 2021 on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI. Adoption of the ASU did not have a significant impact on DAC and other balances upon transition, other than the impact of the removal of any related amounts in AOCI. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 7 for additional information. Market Risk Benefits (“MRB”) Requires an entity to measure all market risk benefits (e.g., living benefit and death benefit guarantees associated with variable annuities) at fair value, and record MRB assets and liabilities separately on the Consolidated Statements of Financial Position. Changes in the fair value of market risk benefits are recorded in net income, except for the portion attributable to changes in an entity’s NPR, which is recognized in OCI. An entity shall maximize the use of relevant observable information and minimize the use of unobservable information in determining the balance of the market risk benefits upon adoption. Effective January 1, 2023 using the retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021. Adoption of the ASU resulted in an adjustment to retained earnings for the difference between the fair value and carrying value of benefits not measured at fair value prior to the adoption of the ASU (e.g., guaranteed minimum death benefits on variable annuities) and a reclass of the cumulative effect of changes in NPR from retained earnings to AOCI. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 11 for additional information. In addition to the significant key accounting changes noted above, ASU 2018-12 also clarified the definition of assessments used to accrue additional insurance reserves and other related balances, primarily for no-lapse guarantee features on certain universal life contracts in the Individual Life segment. Application of the new guidance changed the pattern of reserve recognition for these guarantees and resulted in an increase to the net contract liabilities related to these products at transition. See Note 1 for additional information regarding the effect on the financial statements. ASU 2022-05, Financial Services – Insurance (Topic 944) Transition for Sold Contracts was issued on December 15, 2022, to amend the transition guidance in ASU 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts . The amendment allows an insurance entity to make an accounting policy election to not apply ASU 2018-12 to contracts or legal entities sold or disposed of before the effective date, and in which the insurance entity has no significant continuing involvement with the derecognized contracts. An insurance entity is permitted to apply the policy election on a transaction by transaction basis to each sale or disposal transaction. An insurance entity is required to disclose whether it has chosen to apply this accounting policy election and provide a qualitative description of the sale or disposal transactions to which the accounting policy election is applied. The Company did not choose to apply this accounting policy election to any of its eligible sale or disposal transactions. (2) Updated Accounting Policies This section includes the updated accounting policies resulting from the adoption of ASU 2018-12, which are applicable to all of the periods presented in the Unaudited Interim Consolidated Financial Statements. This section is meant to serve as an update to, and should be read in conjunction with, Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. ASSETS Deferred policy acquisition costs (“DAC”) represents costs directly related to the successful acquisition of new and renewal insurance and annuity business. Such DAC primarily includes commissions, costs of policy issuance and underwriting, and certain other expenses that are directly related to successfully acquired contracts. In each reporting period, previously capitalized DAC is amortized and included in “Amortization of deferred policy acquisition costs”, and the carrying amount of DAC is not subject to recoverability testing upon adoption of ASU 2018-12. DAC is amortized on a constant-level basis at a grouped contract level over the expected life of the underlying insurance contracts. Contracts are grouped consistent with the groupings used to estimate the liability for future policy benefits (or other related balances) for the corresponding contracts. Since contracts within a grouping may be of different sizes, contracts within a group are weighted to achieve appropriate amortization and to ensure that DAC is derecognized when a policy is no longer in force. The constant-level basis used to weight contracts within a grouping and amortize DAC is generally defined as follows: • Life insurance contracts – DAC associated with life insurance contracts is generally amortized in proportion to the initial face amount of life insurance in force. This is applicable to traditional and universal life insurance products in the Individual Life and International Insurance segments and Closed Block division, and group corporate- and bank-owned life insurance contracts in the Group Insurance segment. • Payout annuity contracts – DAC associated with payout annuity contracts in the Retirement Strategies segment is amortized in proportion to annual benefit payments. • Deferred annuity contracts – DAC associated with fixed and variable deferred annuity contracts in the Retirement Strategies and International Insurance segments is amortized in proportion to deposits. • Health contracts – DAC associated with health contracts in the International Insurance segment is generally amortized in proportion to maximum lifetime benefits. For funding agreement note contracts, single premium structured settlement contracts without life contingencies, and single premium immediate annuities without life contingencies, acquisition expenses are deferred and amortized over the expected life of the contracts using the interest method. For other group life and disability insurance contracts and guaranteed investment contracts (“GICs”), acquisition costs are expensed as incurred. Current period DAC amortization reflects the impact of changes in actual insurance in force during the period and changes in future assumptions effected as of the end of the quarter, where applicable. The Company typically updates actuarial assumptions annually in the second quarter (see “Annual Assumptions Review” below), unless a material change is observed in an interim period that is indicative of a long-term trend. Generally, the Company does not expect trends to change significantly in the short-term and, to the extent these trends may change, the Company expects such changes to be gradual over the long-term. Assumptions used for DAC are consistent with those used in estimating the liability for future policy benefits (or any other related balance) for the corresponding contract. Determining the level of aggregation and actuarial assumptions used in projecting in-force terminations requires judgment. Internal criteria are developed to determine the level of aggregation by considering both qualitative and quantitative materiality thresholds. The assumptions used in projecting in-force terminations are mortality, mortality improvement, and lapse assumptions. These assumptions are generally based on the Company’s experience, industry experience and/or other factors, as applicable. For variable deferred annuity contracts, lapse rates are adjusted at the contract level based on the in-the-moneyness of the living benefits and reflect other factors, such as the applicability of any surrender charges. Lapse rates are reduced when contracts are more in-the-money. Lapse rates are also generally assumed to be lower for the period where surrender charges apply. For some products, policyholders can elect to modify product benefits, features, rights or coverages by exchanging a contract for a new contract or by amendment, endorsement, or rider to a contract, or by the election of a feature or coverage within a contract. These transactions are known as internal replacements. If policyholders surrender traditional life insurance policies in exchange for life insurance policies that do not have fixed and guaranteed terms, the Company immediately charges to expense the remaining unamortized DAC on the surrendered policies. For other internal replacement transactions, except those that involve the addition of a non-integrated contract feature that does not change the existing base contract, the unamortized DAC is immediately charged to expense if the terms of the new policies are not substantially similar to those of the former policies. If the new terms are substantially similar to those of the earlier policies, the DAC is retained with respect to the new policies and amortized over the expected life of the new policies. See Note 7 for additional information regarding DAC. Value of business acquired (“VOBA”) represents identifiable intangible assets to which a portion of the purchase price in a business acquisition is attributed under the application of purchase accounting. VOBA represents an adjustment to the stated value of in-force insurance contract liabilities to present them at fair value, determined as of the acquisition date. VOBA balances are subject to recoverability testing in the manner in which they were acquired. The Company has established a VOBA asset primarily for its acquired life insurance products and accident and health products with fixed benefits. As of June 30, 2023, the majority of the VOBA balance relates to the 2011 acquisition of AIG Star Life Insurance Co., Ltd, AIG Edison Life Insurance Company, AIG Financial Assurance Japan K.K. and AIG Edison Service Co., Ltd. (collectively, the “Star and Edison Businesses”). The Company records amortization of VOBA in “General and administrative expenses” and amortizes it over the anticipated life of the acquired contracts using the same methodology, factors, and assumptions used to amortize DAC and deferred sales inducements (“DSI”). See Note 7 for additional information regarding VOBA. Market risk benefits assets represents market risk benefits (“MRBs”) in an asset position and are presented separately from MRBs in a liability position. See “Market risk benefit liabilities” below. MRB assets also reflect ceded MRBs resulting from reinsurance of the Company’s Prudential Defined Income (“PDI”) traditional variable annuity contracts. See Note 12 for additional information regarding the reinsurance of PDI. Other assets consists primarily of prepaid pension benefit costs, certain restricted assets (e.g., cash and cash equivalents), trade receivables, goodwill and other intangible assets, “right-of-use” lease assets (see “Other liabilities” below), DSI, the Company’s investments in operating joint ventures, property and equipment, reinsurance recoverables (see “Reinsurance” below), and receivables resulting from sales of securities that had not yet settled at the balance sheet date. Deferred Sales Inducements are amounts that are credited to a policyholders’ account balance primarily as an inducement to purchase fixed and/or variable deferred annuity contracts. The Company defers sales inducements and amortizes them over the expected life of the policy using the same methodology, factors and assumptions used to amortize DAC. The Company records amortization of DSI in “Interest credited to policyholders’ account balances.” Unlike DAC, DSI are considered contractual cash flows and, as a result, are subject to periodic recoverability testing. See Note 7 for additional information regarding DSI. Separate account assets represents segregated funds that are invested for certain policyholders, pension funds and other customers. The assets consist primarily of equity securities, fixed maturities, real estate-related investments, real estate mortgage loans, short-term investments and derivative instruments and are reported at fair value. The assets of each account are legally segregated and are not subject to claims that arise out of any other business of the Company. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. The investment income and realized investment gains or losses from separate account assets generally accrue to the policyholders and are not included in the Company’s results of operations. Mortality, policy administration and surrender charges assessed against the accounts are included in “Policy charges and fee income.” Asset management fees charged to the accounts are included in “Asset management and service fees.” Seed money that the Company invests in separate accounts is reported in the appropriate general account asset line. Investment income and realized investment gains or losses from seed money invested in separate accounts accrue to the Company and are included in the Company’s results of operations. See Note 8 for additional information regarding separate account arrangements with contractual guarantees. See also “Separate account liabilities” below. LIABILITIES Future policy benefits is primarily comprised of the present value of expected future payments to or on behalf of policyholders, where the timing and amount of such payments depend on policyholder mortality or morbidity, less the present value of expected future net premiums (where net premiums are gross premiums multiplied by the Net-To-Gross (“NTG”) ratio discussed below). The liability for future policy benefits is accrued over time as premium revenue is recognized. See Note 9 for additional information regarding future policy benefits. The reserving methodology used for non-participating traditional and limited-payment contracts include the following: • Cash Flow Assumptions . In measuring the liability for future policy benefits, the net premium valuation methodology is utilized. Under this methodology, a liability for future policy benefits is established using current best estimate insurance assumptions and interest rate assumptions locked-in at contract issuance date. The NTG ratio is calculated as the ratio of the present value of expected policy benefits and non-level claim settlement expenses divided by the present value of expected gross premiums. The NTG ratio is applied to gross premiums, as premium revenue is recognized, to determine net premiums. The liability is then determined as the present value of expected future policy benefits and non-level claim settlement expenses less the present value of expected future net premiums. For purposes of liability measurement, contracts are grouped into cohorts based primarily on issue year, reportable segment and major product line. The NTG ratio is generally updated quarterly for actual experience and annually for future cash flow assumption updates during the Company’s annual assumptions review process in the second quarter of each year unless a material change is observed in an interim period that is indicative of a long-term trend (see “Annual Assumptions Review” below), with the exception of claim settlement expense assumptions which the Company has made an entity-wide election to lock-in as of contract issuance. The NTG ratio is subject to a retrospective unlocking method whereby the Company updates its best estimate of cash flows expected over the life of the cohort using actual historical experience and updated future cash flow assumptions. These updated cash flows are used to calculate the revised NTG ratio, which is used to derive an updated liability for future policy benefits as of the beginning of the current reporting period, discounted at the original contract issuance discount rate. The updated liability for future policy benefit amount as of the beginning of the quarter is then compared to the carrying amount of the liability as of that same date, before the updates for actual experience or future cash flow assumptions, to determine the current period change in liability estimate. This current period change in the liability is the liability remeasurement gain or loss that is recorded through current period earnings in “Change in estimates of liability for future policy benefits.” In subsequent periods, the revised NTG ratio is used to measure the liability for future policy benefits, subject to future revisions. If a cohort is in a loss position where the liability for future policy benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for expected future policy benefits and non-level claim settlement expenses, the NTG ratio is capped at 100%. In these instances, all changes in expected benefits resulting from both actual experience deviations and changes in future assumptions are recognized immediately. While the liability for future policy benefits cannot be less than zero (i.e., a contra-liability) at the cohort level and thus the balance is floored at zero (i.e., “flooring”), the NTG ratio may be negative. This would be the case whereby conditions have improved such that the present value of future net premiums plus the existing liability for future policy benefits as of the valuation date exceed the present value of expected future policy benefits and non-level claim settlement expenses. In this case, the negative NTG ratio would be applied going forward to gross premiums received, effectively amortizing the gain into income and reducing the liability over time. In addition, for limited-payment contracts, the liability for future policy benefits also includes a Deferred Profit Liability (“DPL”) representing gross premiums received in excess of net premiums and is generally recognized in revenue in a constant relationship with insurance in force for life contracts or with the amount of expected future benefit payments for annuity contracts. The DPL is subject to a retrospective unlocking adjustment consistent with the liability for future policy benefits discussed above. The DPL cannot be less than zero (i.e., a contra-liability) at the cohort level and thus the balance is floored at zero (i.e., “flooring”). For contracts issued prior to January 1, 2021, the modified retrospective transition method was used to transition to ASU 2018-12. Under this method, the transition date of January 1, 2021 serves as the new issue date of the contracts in force for purposes of retrospectively unlocking the NTG ratio and DPL, as described above. • Discount Rate Assumption. The locked-in discount rate is generally based on expected investment returns at contract inception for contracts issued prior to January 1, 2021 and the upper medium grade fixed income corporate instrument yield (i.e., global single A) at contract inception for contracts issued after January 1, 2021. The discount rate in effect at contract inception is locked-in for the calculation of the NTG ratio and accretion of interest cost on the liability through net income. However, for balance sheet remeasurement purposes, the discount rate is updated using the current single A rate at each reporting period, with the effect on the liability resulting from such update recorded in “Interest rate remeasurement of future policy benefits” in OCI. The methodology used in constructing the single A discount rate curve for discounting cash flows used to calculate the liability for future policy benefits is intended to be reflective of the characteristics of the applicable insurance liabilities. The single A discount rate curve is developed by reference to upper medium grade (low credit risk) fixed income instrument yields that reflect the duration characteristics of the applicable insurance liabilities. The single A discount curve for the United States and foreign economies, such as Japan, with observable corporate A spreads, is developed using government bond rates, plus globally equivalent public corporate A spreads in the observable periods. The definition of upper medium grade is based on Moody’s definition which includes the spectrum of A (i.e., A- to A+). The rate used in foreign operations (with the exception of certain emerging markets, as discussed below) is based on the equivalent of a single A rate from a global rating agency for corporate bonds issued in the same currency and country in which the insurance contract is written. Liquidity is considered in defining the observable period and linear extrapolation is performed to the Company’s ultimate long-term economic assumptions. See “Annual Assumptions Review” below for further discussion regarding the Company’s long-term economic assumption setting process. The Company has foreign currency denominated insurance obligations to policyholders in certain emerging markets where there is limited or no observable market data on upper medium grade (low credit risk) fixed income instrument yields. As a proxy for the upper medium grade fixed income instrument yield, the Company estimates an equivalent global single A yield in the currency of the emerging economy by converting a global single A U.S. dollar bond yield curve based on the relationship between market observable U.S. Treasury and foreign sovereign yield curves of similar duration as the insurance liability cash flows. The derived global single A curves in the foreign currency are evaluated against available evidence of observable global single A corporate bond rates in similar emerging economies. The Company uses interpolation and extrapolation techniques to complete the discount rate construction for the duration of the insurance liabilities to calculate the liability for future policy benefits denominated in the local currencies. The Company’s liability for future policy benefits also includes net liabilities for guaranteed benefits related to certain long-duration life contracts, such as no-lapse guarantee contract features (Additional Insurance Reserves or “AIR” liability), for which a liability is established when associated assessments are recognized (which include investment margin on policyholders’ account balances in the general account and all policy charges including charges for administration, mortality, expense, surrender and other charges). This liability is established using current best estimate assumptions and is based on the ratio of the present value of total expected excess payments (i.e., payments in excess of account value) over the life of the contract divided by the present value of total expected assessments (i.e., benefit ratio). For universal life type contracts and participating contracts, the Company performs premium deficiency tests using best estimate assumptions as of the testing date. If the liabilities determined based on these best estimate assumptions are greater than the net reserves (i.e., GAAP reserves including URR, net of reinsurance, and any DSI or VOBA asset), the existing net reserves are adjusted by first reducing these assets by the amount of the deficiency or to zero through a charge to current period earnings. If the deficiency is more than these asset balances for insurance contracts, the net reserves are increased by the excess through a charge to current period earnings included in “policyholders’ benefits”. Since investment yields are used as the discount rate, the premium deficiency test is also performed using a discount rate based on the market yield (i.e., assuming what would be the impact if any unrealized gains (losses) were realized as of the testing date). In the event that by using the market yield a deficiency occurs, an adjustment is established for the deficiency and is included in AOCI. In certain instances, for universal life type contracts and participating contracts, the policyholder liability for a particular line of business may not be deficient in the aggregate to trigger loss recognition, but the pattern of earnings may be such that profits are expected to be recognized in earlier years followed by losses in later years. In these situations, accounting standards require that an additional liability (Profits Followed by Losses or “PFL” liability) be recognized by an amount necessary to sufficiently offset the losses that would be recognized in later years. Historically, PFL liabilities have been predominately associated with certain universal life contracts that measure GAAP reserves using a dynamic approach, and accordingly, are updated each quarter, using current in-force and market data, and as part of the annual assumption update, such that the liability as of each measurement date represents the Company’s current estimate of the present value of the amount necessary to offset anticipated future losses. The Company’s liability for future policy benefits also includes a liability for unpaid claims and claim adjustment expenses. The Company does not establish claim liabilities until a loss has been incurred. However, unpaid claims and claim adjustment expenses include estimates of claims that the Company believes have been incurred but have not yet been reported as of the balance sheet date. Policyholders’ account balances represents the contract value that has accrued to the benefit of the policyholder as of the balance sheet date. This liability is primarily associated with the accumulated account deposits, plus interest credited, less policyholder withdrawals and other charges assessed against the account balance, as applicable. These policyholders’ account balances also include provision for benefits under non-life contingent payout annuities and certain unearned revenues. The unearned revenue liability represents policy charges for services to be provided in future periods. The charges are deferred as incurred and are generally amortized over the expected life of the contract using the same methodology, factors, and assumption used to amortize DAC. See Note 10 for additional information regarding policyholders’ account balances. Policyholders’ account balances also include amounts representing the fair value of embedded derivative instruments associated with the index-lin

Investments

Investments	6 Months Ended
	Jun. 30, 2023
Investments [Abstract]
Investments	INVESTMENTS Fixed Maturity Securities The following tables set forth the composition of fixed maturity securities (excluding investments classified as trading), as of the dates indicated: June 30, 2023 Amortized Gross Gross Allowance for Credit Losses Fair (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 27,215 $ 1,122 $ 3,795 $ 0 $ 24,542 Obligations of U.S. states and their political subdivisions 10,205 256 575 0 9,886 Foreign government bonds 70,205 5,149 3,090 56 72,208 U.S. public corporate securities 103,794 1,492 12,068 78 93,140 U.S. private corporate securities(1) 40,327 686 3,295 45 37,673 Foreign public corporate securities 21,345 407 1,659 56 20,037 Foreign private corporate securities 33,390 261 4,602 40 29,009 Asset-backed securities(2) 13,301 216 204 1 13,312 Commercial mortgage-backed securities 11,029 5 909 0 10,125 Residential mortgage-backed securities(3) 2,500 18 220 0 2,298 Total fixed maturities, available-for-sale(1) $ 333,311 $ 9,612 $ 30,417 $ 276 $ 312,230 June 30, 2023 Amortized Gross Gross Fair Allowance for Credit Losses Amortized Cost, (in millions) Fixed maturities, held-to-maturity: Foreign government bonds $ 661 $ 129 $ 0 $ 790 $ 0 $ 661 Foreign public corporate securities 395 21 0 416 2 393 Residential mortgage-backed securities(3) 117 6 0 123 0 117 Total fixed maturities, held-to-maturity(4) $ 1,173 $ 156 $ 0 $ 1,329 $ 2 $ 1,171 __________ (1) Excludes notes with amortized cost of $8,290 million (fair value, $8,290 million), which have been offset with the associated debt under a netting agreement. (2) Includes credit-tranched securities collateralized by loan obligations, auto loans, education loans, home equity loans and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (4) Excludes notes with amortized cost of $4,000 million (fair value, $4,000 million), which have been offset with the associated debt under a netting agreement. December 31, 2022 Amortized Gross Gross Allowance for Credit Losses Fair (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 29,372 $ 1,110 $ 4,413 $ 0 $ 26,069 Obligations of U.S. states and their political subdivisions 10,179 238 728 0 9,689 Foreign government bonds 74,103 4,503 5,379 1 73,226 U.S. public corporate securities 99,854 1,311 13,563 16 87,586 U.S. private corporate securities(1) 39,867 507 3,438 57 36,879 Foreign public corporate securities 22,235 416 1,945 19 20,687 Foreign private corporate securities 32,755 150 5,201 44 27,660 Asset-backed securities(2) 12,972 166 286 1 12,851 Commercial mortgage-backed securities 11,497 19 861 0 10,655 Residential mortgage-backed securities(3) 2,613 29 225 0 2,417 Total fixed maturities, available-for-sale(1) $ 335,447 $ 8,449 $ 36,039 $ 138 $ 307,719 December 31, 2022 Amortized Gross Gross Fair Allowance for Credit Losses Amortized (in millions) Fixed maturities, held-to-maturity: Foreign government bonds $ 725 $ 128 $ 0 $ 853 $ 0 $ 725 Foreign public corporate securities 430 24 0 454 2 428 Residential mortgage-backed securities(3) 143 5 0 148 0 143 Total fixed maturities, held-to-maturity(4) $ 1,298 $ 157 $ 0 $ 1,455 $ 2 $ 1,296 __________ (1) Excludes notes with amortized cost of $8,040 million (fair value, $8,040 million), which have been offset with the associated debt under a netting agreement. (2) Includes credit-tranched securities collateralized loan obligations, education loans, auto loans, home equity loans and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (4) Excludes notes with amortized cost of $4,250 million (fair value, $4,250 million), which have been offset with the associated debt under a netting agreement. The following tables set forth the fair value and gross unrealized losses on available-for-sale fixed maturity securities without an allowance for credit losses aggregated by investment category and length of time that individual fixed maturity securities had been in a continuous unrealized loss position, as of the dates indicated: June 30, 2023 Less Than Twelve Months Total Fair Gross Fair Gross Fair Gross (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 6,904 $ 344 $ 10,618 $ 3,451 $ 17,522 $ 3,795 Obligations of U.S. states and their political subdivisions 2,585 77 3,382 498 5,967 575 Foreign government bonds 2,866 75 20,263 3,011 23,129 3,086 U.S. public corporate securities 23,856 1,046 51,160 11,015 75,016 12,061 U.S. private corporate securities 9,775 459 22,094 2,836 31,869 3,295 Foreign public corporate securities 4,938 138 9,496 1,504 14,434 1,642 Foreign private corporate securities 4,701 370 20,340 4,229 25,041 4,599 Asset-backed securities 1,663 31 7,730 173 9,393 204 Commercial mortgage-backed securities 1,898 84 8,136 825 10,034 909 Residential mortgage-backed securities 558 32 1,198 188 1,756 220 Total fixed maturities, available-for-sale $ 59,744 $ 2,656 $ 154,417 $ 27,730 $ 214,161 $ 30,386 December 31, 2022 Less Than Twelve Months Total Fair Gross Fair Gross Fair Gross (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 18,009 $ 3,143 $ 2,563 $ 1,270 $ 20,572 $ 4,413 Obligations of U.S. states and their political subdivisions 5,510 526 558 202 6,068 728 Foreign government bonds 16,932 2,384 9,877 2,971 26,809 5,355 U.S. public corporate securities 58,816 7,790 15,780 5,726 74,596 13,516 U.S. private corporate securities 24,610 2,065 6,705 1,373 31,315 3,438 Foreign public corporate securities 10,168 932 4,098 993 14,266 1,925 Foreign private corporate securities 16,909 2,521 8,196 2,678 25,105 5,199 Asset-backed securities 5,385 130 5,059 156 10,444 286 Commercial mortgage-backed securities 9,289 655 1,080 206 10,369 861 Residential mortgage-backed securities 1,322 130 402 93 1,724 223 Total fixed maturities, available-for-sale $ 166,950 $ 20,276 $ 54,318 $ 15,668 $ 221,268 $ 35,944 As of June 30, 2023 and December 31, 2022, the gross unrealized losses on fixed maturity available-for-sale securities without an allowance were composed of $28,952 million and $33,778 million, respectively, related to “1” highest quality or “2” high quality securities based on the National Association of Insurance Commissioners (“NAIC”) or equivalent rating and $1,434 million and $2,166 million, respectively, related to other than high or highest quality securities based on NAIC or equivalent rating. As of June 30, 2023, the $27,730 million of gross unrealized losses of twelve months or more were concentrated in the finance, consumer non-cyclical and utility sectors within corporate securities and foreign government securities. As of December 31, 2022, the $15,668 million of gross unrealized losses of twelve months or more were concentrated in consumer non-cyclical, finance and utility sectors within corporate securities and foreign government securities. In accordance with its policy described in Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, the Company concluded that an adjustment to earnings for credit losses related to these fixed maturity securities was not warranted at June 30, 2023. This conclusion was based on a detailed analysis of the underlying credit and cash flows on each security. Gross unrealized losses are primarily attributable to increases in interest rates, general credit spread widening, foreign currency exchange rate movements and the financial condition or near-term prospects of the issuer. As of June 30, 2023, the Company did not intend to sell these securities, and it was not more likely than not that the Company would be required to sell these securities before the anticipated recovery of the remaining amortized cost basis. The following table sets forth the amortized cost or amortized cost, net of allowance and fair value of fixed maturities by contractual maturities, as of the date indicated: June 30, 2023 Available-for-Sale Held-to-Maturity Amortized Cost Fair Value Amortized Cost, Net of Allowance Fair Value (in millions) Fixed maturities: Due in one year or less $ 11,902 $ 11,900 $ 0 $ 0 Due after one year through five years 51,624 50,214 393 416 Due after five years through ten years 61,584 59,818 14 15 Due after ten years(1) 181,371 164,563 647 775 Asset-backed securities 13,301 13,312 0 0 Commercial mortgage-backed securities 11,029 10,125 0 0 Residential mortgage-backed securities 2,500 2,298 117 123 Total $ 333,311 $ 312,230 $ 1,171 $ 1,329 __________ (1) Excludes available-for-sale notes with amortized cost of $8,290 million (fair value, $8,290 million) and held-to-maturity notes with amortized cost of $4,000 million (fair value, $4,000 million), which have been offset with the associated debt under a netting agreement. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Asset-backed, commercial mortgage-backed and residential mortgage-backed securities are shown separately in the table above, as they do not have a single maturity date. The following table sets forth the sources of fixed maturity proceeds and related investment gains (losses), as well as losses on write-downs and the allowance for credit losses of fixed maturities, for the periods indicated: Three Months Ended Six Months Ended 2023 2022 2023 2022 (in millions) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 6,773 $ 9,995 $ 14,123 $ 19,078 Proceeds from maturities/prepayments 4,053 4,301 8,041 9,606 Gross investment gains from sales and maturities 139 374 429 615 Gross investment losses from sales and maturities (397) (1,017) (702) (1,587) Write-downs recognized in earnings(2) (1) (86) (10) (92) (Addition to) release of allowance for credit losses (7) 82 (138) 5 Fixed maturities, held-to-maturity: Proceeds from maturities/prepayments(3) $ 10 $ 8 $ 17 $ 17 (Addition to) release of allowance for credit losses 0 1 0 2 __________ (1) Excludes activity from non-cash related proceeds due to the timing of trade settlements of $70 million and $(48) million for the six months ended June 30, 2023 and 2022, respectively. (2) Amounts represent write-downs on credit adverse securities and securities actively marketed for sale. (3) Excludes activity from non-cash related proceeds due to the timing of trade settlements of less than $1 million for both the six months ended June 30, 2023 and 2022. The following tables set forth the activity in the allowance for credit losses for fixed maturity securities, as of the dates indicated: Three Months Ended June 30, 2023 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 62 $ 206 $ 1 $ 0 $ 0 $ 269 Additions to allowance for credit losses not previously recorded 0 0 3 0 0 0 3 Reductions for securities sold during the period 0 0 (5) 0 0 0 (5) Additions (reductions) on securities with previous allowance 0 (6) 15 0 0 0 9 Balance, end of period $ 0 $ 56 $ 219 $ 1 $ 0 $ 0 $ 276 Three Months Ended June 30, 2022 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 12 $ 180 $ 0 $ 0 $ 0 $ 192 Additions to allowance for credit losses not previously recorded 0 1 11 1 0 0 13 Reductions for securities sold during the period 0 0 (25) 0 0 0 (25) Reductions for securities with intent to sell 0 (9) (67) 0 0 0 (76) Additions (reductions) on securities with previous allowance 0 2 4 0 0 0 6 Reclassified to / (from) “Assets held-for-sale”(1) 0 0 (1) 0 0 0 (1) Balance, end of period $ 0 $ 6 $ 102 $ 1 $ 0 $ 0 $ 109 __________ (1) See Note 1 for additional information. Six Months Ended June 30, 2023 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 1 $ 136 $ 1 $ 0 $ 0 $ 138 Additions to allowance for credit losses not previously recorded 0 62 78 0 0 0 140 Reductions for securities sold during the period 0 0 (45) 0 0 0 (45) Additions (reductions) on securities with previous allowance 0 (7) 50 0 0 0 43 Balance, end of period $ 0 $ 56 $ 219 $ 1 $ 0 $ 0 $ 276 Six Months Ended June 30, 2022 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 7 $ 107 $ 0 $ 0 $ 0 $ 114 Additions to allowance for credit losses not previously recorded 0 11 73 1 0 0 85 Reductions for securities sold during the period 0 (2) (53) 0 0 0 (55) Reductions for securities with intent to sell 0 (13) (67) 0 0 0 (80) Additions (reductions) on securities with previous allowance 0 3 42 0 0 0 45 Reclassified to / (from) “Assets held-for-sale”(1) 0 0 0 0 0 0 0 Balance, end of period $ 0 $ 6 $ 102 $ 1 $ 0 $ 0 $ 109 __________ (1) See Note 1 for additional information. Three Months Ended June 30, 2023 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, held-to-maturity: Balance, beginning of period $ 0 $ 0 $ 2 $ 0 $ 0 $ 0 $ 2 Current period provision for expected losses 0 0 0 0 0 0 0 Change in foreign exchange 0 0 0 0 0 0 0 Balance, end of period $ 0 $ 0 $ 2 $ 0 $ 0 $ 0 $ 2 Three Months Ended June 30, 2022 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, held-to-maturity: Balance, beginning of period $ 0 $ 0 $ 4 $ 0 $ 0 $ 0 $ 4 Current period provision for expected losses 0 0 (1) 0 0 0 (1) Change in foreign exchange 0 0 0 0 0 0 0 Balance, end of period $ 0 $ 0 $ 3 $ 0 $ 0 $ 0 $ 3 Six Months Ended June 30, 2023 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, held-to-maturity: Balance, beginning of period $ 0 $ 0 $ 2 $ 0 $ 0 $ 0 $ 2 Current period provision for expected losses 0 0 0 0 0 0 0 Change in foreign exchange 0 0 0 0 0 0 0 Balance, end of period $ 0 $ 0 $ 2 $ 0 $ 0 $ 0 $ 2 Six Months Ended June 30, 2022 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, held-to-maturity: Balance, beginning of period $ 0 $ 0 $ 5 $ 0 $ 0 $ 0 $ 5 Current period provision for expected losses 0 0 (1) 0 0 0 (1) Change in foreign exchange 0 0 (1) 0 0 0 (1) Balance, end of period $ 0 $ 0 $ 3 $ 0 $ 0 $ 0 $ 3 For additional information regarding the Company’s methodology for developing its allowance and expected losses, see Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. For the three months ended June 30, 2023, the net increase in the allowance for credit losses on available-for-sale securities was primarily related to net additions in the basic industry and technology sectors within corporate securities due to adverse projected cash flows. Partially offsetting the additions was a net release within the consumer non-cyclical sector within corporate securities as well as foreign government securities. For the three months ended June 30, 2022, the net decrease in the allowance for credit losses on available-for-sale securities was primarily related to net reductions in the communications, foreign agencies and utility sectors within corporate securities, partially offset by a net addition within the capital goods sector. For the six months ended June 30, 2023, the net increase in the allowance for credit losses on available-for-sale securities was primarily related to net additions in the communications and technology sectors within corporate securities as well as foreign government securities due to adverse projected cash flows. Partially offsetting the additions was a net release within the utility and capital goods sectors within corporate securities. For the six months ended June 30, 2022, the net decrease in the allowance for credit losses on available-for-sale securities was primarily related to net reductions in the communications and transportation sectors within corporate securities, partially offset by net additions in the capital goods and utility sectors. The Company did not have any fixed maturity securities purchased with credit deterioration, as of June 30, 2023 or December 31, 2022. Assets Supporting Experience-Rated Contractholder Liabilities The following table sets forth the composition of “Assets supporting experience-rated contractholder liabilities,” as of the dates indicated: June 30, 2023 December 31, 2022 Amortized Fair Amortized Fair (in millions) Fixed maturities: Corporate securities $ 80 $ 79 $ 91 $ 88 Foreign government bonds 638 640 705 668 U.S. government authorities and agencies and obligations of U.S. states 191 206 188 189 Total fixed maturities(1) 909 925 984 945 Equity securities 1,510 2,094 1,628 1,899 Total assets supporting experience-rated contractholder liabilities(2) $ 2,419 $ 3,019 $ 2,612 $ 2,844 __________ (1) As a percentage of amortized cost, 99% and 98% of the portfolio was considered high or highest quality based on NAIC or equivalent ratings, as of both June 30, 2023 and December 31, 2022, respectively. (2) As a percentage of amortized cost 100% of the portfolio consisted of public securities, as of both June 30, 2023 and December 31, 2022. The net change in unrealized gains (losses) from assets supporting experience-rated contractholder liabilities still held at period end, recorded within “Other income (loss),” was $234 million and $281 million during the three months ended June 30, 2023 and 2022, respectively and $368 and $(691) million during the six months ended June 30, 2023 and 2022, respectively. Fixed Maturities, Trading The net change in unrealized gains (losses) from fixed maturities, trading still held at period end, recorded within “Other income (loss),” was $(89) million and $(524) million during the three months ended June 30, 2023 and 2022, respectively and $105 and $(1,157) million during the six months ended June 30, 2023 and 2022, respectively. Equity Securities The net change in unrealized gains (losses) from equity securities still held at period end, recorded within “Other income (loss),” was $279 million and $(601) million during the three months ended June 30, 2023 and 2022, respectively and $576 and $(858) million during the six months ended June 30, 2023 and 2022, respectively. Concentrations of Financial Instruments The Company monitors its concentrations of financial instruments and mitigates credit risk by maintaining a diversified investment portfolio which limits exposure to any single issuer. As of the dates indicated, the Company’s exposure to concentrations of credit risk of single issuers greater than 10% of the Company’s equity included securities of the U.S. government and certain U.S. government agencies and securities guaranteed by the U.S. government, as well as the securities disclosed below: June 30, 2023 December 31, 2022 Amortized Fair Amortized Fair (in millions) Investments in Japanese government and government agency securities: Fixed maturities, available-for-sale $ 60,842 $ 63,235 $ 65,198 $ 64,959 Fixed maturities, held-to-maturity 643 770 706 831 Fixed maturities, trading 18 18 20 19 Assets supporting experience-rated contractholder liabilities 548 547 613 587 Total $ 62,051 $ 64,570 $ 66,537 $ 66,396 June 30, 2023 December 31, 2022 Amortized Fair Amortized Fair (in millions) Investments in Brazil government and government agency securities: Fixed maturities, available-for-sale $ 2,933 $ 2,881 $ 2,264 $ 2,010 Short-term investments 1 1 60 61 Cash equivalents 326 326 210 210 Total $ 3,260 $ 3,208 $ 2,534 $ 2,281 Commercial Mortgage and Other Loans The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: June 30, 2023 December 31, 2022 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Office $ 8,681 15.1 % $ 9,096 16.2 % Retail 6,018 10.5 6,103 10.8 Apartments/Multi-Family 15,955 27.8 15,381 27.3 Industrial 13,812 24.1 13,079 23.2 Hospitality 2,161 3.8 2,027 3.6 Other 3,860 6.7 3,791 6.7 Total commercial mortgage loans 50,487 88.0 49,477 87.8 Agricultural property loans 6,884 12.0 6,857 12.2 Total commercial mortgage and agricultural property loans 57,371 100.0 % 56,334 100.0 % Allowance for credit losses (240) (201) Total net commercial mortgage and agricultural property loans 57,131 56,133 Other loans: Uncollateralized loans 421 463 Residential property loans 34 43 Other collateralized loans 104 108 Total other loans 559 614 Allowance for credit losses (1) (2) Total net other loans 558 612 Total net commercial mortgage and other loans(1) $ 57,689 $ 56,745 __________ (1) Includes loans which are carried at fair value under the fair value option and are collateralized primarily by apartment complexes. As of June 30, 2023 and December 31, 2022, the net carrying value of these loans were $323 million and $137 million, respectively. As of June 30, 2023, the commercial mortgage and agricultural property loans were secured by properties geographically dispersed throughout the United States with the largest concentrations in California (30%), Texas (8%) and New York (6%), and included loans secured by properties in Europe (6%), Asia (1%), Mexico (1%) and Australia (1%). The following tables set forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated: Three Months Ended June 30, 2023 Commercial Agricultural Residential Other Uncollateralized Total (in millions) Allowance, beginning of period $ 205 $ 15 $ 0 $ 0 $ 1 $ 221 Addition to (release of) allowance for expected losses 18 1 0 0 0 19 Reduction for loans sold during the period 0 0 0 0 0 0 Change in foreign exchange 1 0 0 0 0 1 Allowance, end of period $ 224 $ 16 $ 0 $ 0 $ 1 $ 241 Three Months Ended June 30, 2022 Commercial Agricultural Residential Other Uncollateralized Total (in millions) Allowance, beginning of period $ 113 $ 4 $ 0 $ 0 $ 4 $ 121 Addition to (release of) allowance for expected losses 44 4 0 0 28 76 Reclassified (to) from “Assets held-for-sale”(1) 0 0 0 0 0 0 Other (1) 0 0 0 0 (1) Allowance, end of period $ 156 $ 8 $ 0 $ 0 $ 32 $ 196 Six Months Ended June 30, 2023 Commercial Agricultural Residential Other Uncollateralized Total (in millions) Allowance, beginning of period $ 188 $ 13 $ 0 $ 0 $ 2 $ 203 Addition to (release of) allowance for expected losses 35 3 0 0 0 38 Reduction for loans sold during the period 0 0 0 0 (1) (1) Change in foreign exchange 1 0 0 0 0 1 Allowance, end of period $ 224 $ 16 $ 0 $ 0 $ 1 $ 241 Six Months Ended June 30, 2022 Commercial Agricultural Residential Other Uncollateralized Total (in millions) Allowance, beginning of period $ 111 $ 4 $ 0 $ 0 $ 4 $ 119 Addition to (release of) allowance for expected losses 40 4 0 0 28 72 Reclassified (to) from “Assets held-for-sale”(1) 6 0 0 0 0 6 Other (1) 0 0 0 0 (1) Allowance, end of period $ 156 $ 8 $ 0 $ 0 $ 32 $ 196 __________ (1) See Note 1 for additional information. For additional information regarding the Company’s methodology for developing its allowance and expected losses, see Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. For the three months ended June 30, 2023, the net addition to the allowance for credit losses on commercial mortgage and other loans was due to an increase in loan-specific reserves. For the three months ended June 30, 2022, the net addition to the allowance for credit losses on commercial mortgage and other loans was due to increases in loan-specific reserves, as well as increases to reserves to reflect current market conditions. For the six months ended June 30, 2023, the net addition to the allowance for credit losses on commercial mortgage and other loans was due to an increase in loan-specific reserves and increases to reserves to reflect declining market conditions. For the six months ended June 30, 2022, the net addition to the allowance for credit losses on commercial mortgage and other loans was due to increases in loan-specific reserves as well as increases to reserves to reflect current market conditions. The following tables set forth key credit quality indicators based upon the recorded investment gross of allowance for credit losses, as of the dates indicated: June 30, 2023 Amortized Cost by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Total (in millions) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 774 $ 672 $ 1,693 $ 1,336 $ 3,114 $ 18,602 $ 0 $ 26,191 60%-69.99% 1,021 2,040 3,533 1,467 2,247 5,791 0 16,099 70%-79.99% 562 1,037 1,073 493 1,268 1,745 0 6,178 80% or greater 77 36 24 7 118 1,757 0 2,019 Total $ 2,434 $ 3,785 $ 6,323 $ 3,303 $ 6,747 $ 27,895 $ 0 $ 50,487 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 2,110 $ 3,242 $ 6,118 $ 3,126 $ 5,977 $ 24,297 $ 0 $ 44,870 1.0 - 1.2x 97 366 134 72 428 2,037 0 3,134 Less than 1.0x 227 177 71 105 342 1,561 0 2,483 Total $ 2,434 $ 3,785 $ 6,323 $ 3,303 $ 6,747 $ 27,895 $ 0 $ 50,487 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 131 $ 901 $ 2,005 $ 768 $ 456 $ 1,563 $ 86 $ 5,910 60%-69.99% 69 671 63 76 27 53 0 959 70%-79.99% 0 0 0 0 15 0 0 15 80% or greater 0 0 0 0 0 0 0 0 Total $ 200 $ 1,572 $ 2,068 $ 844 $ 498 $ 1,616 $ 86 $ 6,884 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 195 $ 1,559 $ 2,025 $ 813 $ 497 $ 1,528 $ 86 $ 6,703 1.0 - 1.2x 0 5 43 31 0 75 0 154 Less than 1.0x 5 8 0 0 1 13 0 27 Total $ 200 $ 1,572 $ 2,068 $ 844 $ 498 $ 1,616 $ 86 $ 6,884 December 31, 2022 Amortized Cost by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Total (in millions) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 971 $ 1,747 $ 1,282 $ 2,831 $ 4,697 $ 15,111 $ 0 $ 26,639 60%-69.99% 1,997 3,502 1,553 2,804 1,732 3,780 0 15,368 70%-79.99% 865 1,127 519 1,025 645 1,445 0 5,626 80% or greater 2 26 7 119 24 1,666 0 1,844 Total $ 3,835 $ 6,402 $ 3,361 $ 6,779 $ 7,098 $ 22,002 $ 0 $ 49,477 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 3,249 $ 6,135 $ 3,013 $ 5,749 $ 6,505 $ 18,318 $ 0 $ 42,969 1.0 - 1.2x 586 252 164 454 383 2,183 0 4,022 Less than 1.0x 0 15 184 576 210 1,501 0 2,486 Total $ 3,835 $ 6,402 $ 3,361 $ 6,779 $ 7,098 $ 22,002 $ 0 $ 49,477 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 931 $ 1,994 $ 853 $ 461 $ 326 $ 1,348 $ 74 $ 5,987 60%-69.99% 675 85 8 47 8 0 0 823 70%-79.99% 0 0 0 0 0 0 0 0 80% or greater 0 0 0 0 13 34 0 47 Total $ 1,606 $ 2,079 $ 861 $ 508 $ 347 $ 1,382 $ 74 $ 6,857 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 1,593 $ 2,035 $ 781 $ 507 $ 323 $ 1,272 $ 74 $ 6,585 1.0 - 1.2x 5 44 80 0 6 68 0 203 Less than 1.0x 8 0 0 1 18 42 0 69 Total $ 1,606 $ 2,079 $ 861 $ 508 $ 347 $ 1,382 $ 74 $ 6,857 For additional information regarding the Company’s commercial mortgage and other loans credit quality monitoring process, see Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. The following tables set forth an aging of past due commercial mortgage and other loans based upon the recorded investment gross of allowance for credit losses, as well as the amount of commercial mortgage and other loans on non-accrual status, as of the dates indicated: June 30, 2023 Current 30-59 Days 60-89 Days 90 Days or More Past Due(1)(2) Total Past Total Non-Accrual (in millions) Commercial mortgage loans $ 50,418 $ 0 $ 0 $ 69 $ 69 $ 50,487 $ 72 Agricultural property loans 6,884 0 0 0 0 6,884 25 Residential property loans 34 0 0 0 0 34 0 Other collateralized loans 104 0 0 0 0 104 0 Uncollateralized loans 421 0 0 0 0 421 25 Total $ 57,861 $ 0 $ 0 $ 69 $ 69 $ 57,930 $ 122 __________ (1) As of June 30, 2023, there were no loans in this category accruing interest. (2) Primarily includes loans for which no credit losses are expected due to U.S. agency guarantees. (3) For additional information regarding the Company’s policies for accruing interest on loans, see Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. December 31, 2022 Current 30-59 Days 60-89 Days 90 Days or More Past Due(1) Total Past Total Non-Accrual (in millions) Commercial mortgage loans $ 49,465 $ 0 $ 3 $ 9 $ 12 $ 49,477 $ 11 Agricultural property loans 6,844 0 11 2 13 6,857 17 Residential property loans 43 0 0 0 0 43 0 Other collateralized loans 108 0 0 0 0 108 0 Uncollateralized loans 463 0 0 0 0 463 0 Total $ 56,923 $ 0 $ 14 $ 11 $ 25 $ 56,948 $ 28 __________ (1) As of December 31, 2022, there were no loans in this category accruing interest. (2) For additional information regarding the Company’s policies for accruing interest on loans, see Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. Loans on non-accrual status recognized interest of less than $1 million for both the three months ended June 30, 2023 and 2022 and less than $1 million for both the six months ended June 30, 2023 and 2022. Loans on non-accrual status that did not have a related allowance for credit losses were $120 million and $27 million as of June 30, 2023 and December 31, 2022, respectively. The Company did not have any significant losses on commercial mortgage and other loans purchased with credit deterioration as of both June 30, 2023 and December 31, 2022. Other Invested Assets The following table sets forth the composition of “Other invested assets,” as of the dates indicated: June 30, 2023 December 31, 2022 (in millions) LPs/LLCs: Equity method: Private equity $ 7,881 $ 7,215 Hedge funds 3,133 3,220 Real estate-related 2,544 2,793 Subtotal equity method 13,558 13,228 Fair value: Private equity 1,412 1,476 Hedge funds 2,099 1,908 Real estate-related 280 305 Subtotal fair value 3,791 3,689 Total LPs/LLCs 17,349 16,917 Real estate held through direct ownership(1) 1,843 1,617 Derivative instruments 1,248 1,457 Other(2) 1,033 1,108 Total other invested assets $ 21,473 $ 21,099 _________ (1) As of June 30, 2023 and December 31, 2022, real estate held through direct ownership had mortgage debt of $181 million and $208 million, respectively. (2) Primarily includes equity investments accounted for under the measurement alternative, strategic investments made by investment management operations, leveraged leases and member and activity stock held in the Federal Home Loan Bank of New York. For additional information regarding the Company’s holdings in the Federal Home Loan Bank of New York, see Note 17 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. Accrued Investment Income The following table sets forth the composition of “Accrued investment income,” as of the dates indicated: June 30, 2023 December 31, 2022 (in millions) Fixed maturities $ 2,636 $ 2,517 Equity securities 5 6 Commercial mortgage and other loans 196 190

Variable Interest Entities

Variable Interest Entities	6 Months Ended
	Jun. 30, 2023
Variable Interest Entity, Measure of Activity [Abstract]
Variable Interest Entities	VARIABLE INTEREST ENTITIES In the normal course of its activities, the Company enters into relationships with various special-purpose entities and other entities that are deemed to be variable interest entities (“VIEs”). For additional information, see Note 4 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. Consolidated Variable Interest Entities The table below reflects the carrying amount and balance sheet caption in which the assets and liabilities of consolidated VIEs are reported. The liabilities primarily comprise obligations under debt instruments issued by the VIEs. The creditors of these VIEs do not have recourse to the Company in excess of the assets contained within the VIEs. Consolidated VIEs for which the Other Consolidated VIEs(1) June 30, December 31, June 30, December 31, (in millions) Fixed maturities, available-for-sale $ 443 $ 398 $ 84 $ 90 Fixed maturities, held-to-maturity 0 0 629 689 Fixed maturities, trading 171 164 0 0 Equity securities 80 85 0 0 Commercial mortgage and other loans 692 784 0 0 Other invested assets 3,875 3,397 97 68 Cash and cash equivalents 165 375 0 0 Accrued investment income 3 2 3 3 Other assets 398 352 657 706 Total assets of consolidated VIEs $ 5,827 $ 5,557 $ 1,470 $ 1,556 Other liabilities $ 497 $ 389 $ 0 $ 0 Notes issued by consolidated VIEs(2) 402 374 0 0 Total liabilities of consolidated VIEs $ 899 $ 763 $ 0 $ 0 __________ (1) Total assets of consolidated VIEs reflect $3,491 million and $3,403 million as of June 30, 2023 and December 31, 2022, respectively, related to VIEs whose beneficial interests are wholly-owned by consolidated subsidiaries. (2) Recourse is limited to the assets of the respective VIE and does not extend to the general credit of the Company. As of June 30, 2023, the maturities of these obligations were between 1 and 10 years. Unconsolidated Variable Interest Entities The Company has determined that it is not the primary beneficiary of certain VIEs for which it is the investment manager. The Company’s maximum exposure to loss resulting from its relationship with unconsolidated VIEs for which it is the investment manager is limited to its investment in the VIEs, which was $836 million and $950 million as of June 30, 2023 and December 31, 2022, respectively. These investments are reflected in “Fixed maturities, available-for-sale,” “Fixed maturities, trading,” “Equity securities” and “Other invested assets.” There are no liabilities associated with these unconsolidated VIEs on the Company’s Unaudited Interim Consolidated Statements of Financial Position. In the normal course of its activities, the Company will invest in limited partnerships and limited liability companies (“LPs/LLCs”), which include hedge funds, private equity funds and real estate-related funds and may or may not be VIEs. The Company’s maximum exposure to loss on these investments, both VIEs and non-VIEs, is limited to the amount of its investment. The Company classifies these investments as “Other invested assets” and its maximum exposure to loss associated with these entities was $17,349 million and $16,917 million as of June 30, 2023 and December 31, 2022, respectively. In addition, in the normal course of its activities, the Company will invest in structured investments including VIEs for which it is not the investment manager. These structured investments typically invest in fixed income investments and are managed by third-parties and include asset-backed securities, commercial mortgage-backed securities and residential mortgage-backed securities. The Company’s maximum exposure to loss on these structured investments, both VIEs and non-VIEs, is limited to the amount of its investment. See Note 3 for details regarding the carrying amounts and classification of these assets. The Company has not provided material financial or other support that was not contractually required to these structures. The Company has determined that it is not the primary beneficiary of these structures due to the fact that it does not control these entities.

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	5. DERIVATIVES AND HEDGING Types of Derivative and Hedging Instruments The Company utilizes various derivatives and hedging instruments to manage certain of its risks. Commonly used derivative and non-derivative hedging instruments include, but are not necessarily limited to: • Interest rate contracts: futures, swaps, forwards, options, caps and floors • Equity contracts: futures, options and total return swaps • Foreign exchange contracts: futures, options, forwards, swaps, and foreign currency debt instruments • Credit contracts: single and index reference credit default swaps Other types of financial contracts that the Company accounts for as derivatives are: • To-be-announced (“TBA”) forward contracts, loan commitments, embedded derivatives and synthetic guaranteed investment contracts (“GICs”). For detailed information regarding these contracts and the related strategies, see Note 5 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. Primary Risks Managed by Derivatives The table below provides a summary of the gross notional amount and fair value of derivative contracts by the primary underlying risks they are utilized to manage, excluding embedded derivatives. Many derivative instruments contain multiple underlying risks. The fair value amounts below represent the value of derivative contracts prior to taking into account the netting effects of master netting agreements and cash collateral. These netting impacts resulted in total derivative assets of $1,248 million and $1,455 million as of June 30, 2023 and December 31, 2022, respectively, and total derivative liabilities of $3,065 million and $3,055 million as of June 30, 2023 and December 31, 2022, respectively, reflected in the Unaudited Interim Consolidated Statements of Financial Position. Primary Underlying Risk /Instrument Type June 30, 2023 December 31, 2022 Fair Value Fair Value Gross Notional Assets Liabilities Gross Notional Assets Liabilities (in millions) Derivatives Designated as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 3,742 $ 60 $ (249) $ 3,627 $ 66 $ (245) Interest Rate Forwards 150 0 (29) 398 0 (85) Foreign Currency Foreign Currency Forwards 4,767 129 (239) 4,830 155 (262) Currency/Interest Rate Foreign Currency Swaps 26,294 2,855 (386) 25,636 3,469 (333) Total Derivatives Designated as Hedge Accounting Instruments $ 34,953 $ 3,044 $ (903) $ 34,491 $ 3,690 $ (925) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 306,146 $ 8,517 $ (21,132) $ 212,934 $ 9,097 $ (21,154) Interest Rate Futures 9,535 66 (9) 18,080 13 (24) Interest Rate Options 26,428 221 (814) 9,778 224 (280) Interest Rate Forwards 3,067 14 (18) 2,354 21 (42) Foreign Currency Foreign Currency Forwards 30,713 2,212 (2,430) 31,317 1,556 (1,924) Foreign Currency Options 0 0 0 0 0 0 Currency/Interest Rate Foreign Currency Swaps 8,377 707 (155) 8,410 813 (170) Credit Credit Default Swaps 5,133 35 (21) 6,351 27 (57) Equity Equity Futures 996 7 (1) 1,372 1 (2) Equity Options 45,804 1,325 (1,469) 38,323 708 (1,590) Total Return Swaps 10,149 38 (290) 11,806 106 (184) Other Other(1) 1,250 0 0 1,250 0 0 Synthetic GICs 82,181 1 (1) 84,338 1 (1) Total Derivatives Not Qualifying as Hedge Accounting Instruments $ 529,779 $ 13,143 $ (26,340) $ 426,313 $ 12,567 $ (25,428) Total Derivatives(2)(3) $ 564,732 $ 16,187 $ (27,243) $ 460,804 $ 16,257 $ (26,353) __________ (1) “Other” primarily includes derivative contracts used to improve the balance of the Company’s tail longevity and mortality risk. Under these contracts, the Company’s gains (losses) are capped at the notional amount. (2) Excludes embedded derivatives which contain multiple underlying risks. The fair value of these embedded derivatives was a net liability of $5,004 million and $2,997 million as of June 30, 2023 and December 31, 2022, respectively, primarily included in "Policyholder account balances." (3) Recorded in “Other invested assets” and “Other liabilities” on the Unaudited Interim Consolidated Statements of Financial Position. As of June 30, 2023, the following amounts were recorded on the Unaudited Interim Consolidated Statements of Financial Position related to the carrying amount of the hedged assets (liabilities) and cumulative basis adjustments included in the carrying amount for fair value hedges. June 30, 2023 December 31, 2022 Balance Sheet Line Item in which Hedged Item is Recorded Carrying Amount of the Hedged Assets (Liabilities) Cumulative Amount of Carrying Amount of the Hedged Assets (Liabilities) Cumulative Amount of (in millions) Fixed maturities, available-for-sale, at fair value $ 229 $ 19 $ 297 $ 27 Commercial mortgage and other loans $ 0 $ 0 $ 0 $ 0 Policyholders’ account balances $ (793) $ 217 $ (966) $ 217 Future policy benefits $ (2,455) $ 289 $ (2,354) $ 391 __________ (1) There were no material fair value hedging adjustments for hedged assets and liabilities for which hedge accounting has been discontinued. Most of the Company’s derivatives do not qualify for hedge accounting for various reasons. For example: (i) derivatives that economically hedge embedded derivatives do not qualify for hedge accounting because changes in the fair value of the embedded derivatives are already recorded in net income; (ii) derivatives that are utilized as macro hedges of the Company’s exposure to various risks typically do not qualify for hedge accounting because they do not meet the criteria required under portfolio hedge accounting rules; and (iii) synthetic GICs, which are product standalone derivatives, do not qualify as hedging instruments under hedge accounting rules. Offsetting Assets and Liabilities The following tables present recognized derivative instruments (excluding embedded derivatives), and repurchase and reverse repurchase agreements that are offset in the Unaudited Interim Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Unaudited Interim Consolidated Statements of Financial Position. June 30, 2023 Gross Gross Net Financial Net (in millions) Offsetting of Financial Assets: Derivatives $ 16,083 $ (14,939) $ 1,144 $ (249) $ 895 Securities purchased under agreement to resell 22 0 22 (22) 0 Total assets $ 16,105 $ (14,939) $ 1,166 $ (271) $ 895 Offsetting of Financial Liabilities: Derivatives $ 27,244 $ (24,178) $ 3,066 $ (3,051) $ 15 Securities sold under agreement to repurchase 6,097 0 6,097 (5,977) 120 Total liabilities $ 33,341 $ (24,178) $ 9,163 $ (9,028) $ 135 December 31, 2022 Gross Gross Net Financial Net (in millions) Offsetting of Financial Assets: Derivatives $ 16,178 $ (14,802) $ 1,376 $ (702) $ 674 Securities purchased under agreement to resell 385 0 385 (385) 0 Total assets $ 16,563 $ (14,802) $ 1,761 $ (1,087) $ 674 Offsetting of Financial Liabilities: Derivatives $ 26,352 $ (23,298) $ 3,054 $ (3,054) $ 0 Securities sold under agreement to repurchase 6,589 0 6,589 (6,589) 0 Total liabilities $ 32,941 $ (23,298) $ 9,643 $ (9,643) $ 0 __________ (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty. For information regarding the rights of offset associated with the derivative assets and liabilities in the table above, see “—Counterparty Credit Risk” below. For securities purchased under agreements to resell and securities sold under agreements to repurchase, the Company monitors the value of the securities and maintains collateral, as appropriate, to protect against credit exposure. Where the Company has entered into repurchase and resale agreements with the same counterparty, in the event of default, the Company would generally be permitted to exercise rights of offset. For additional information regarding the Company’s accounting policy for securities repurchase and resale agreements, see Note 2 to the Company’s Consolidated Financial Statements included in the Annual Report on Form 10-K for the year ended December 31, 2022. Cash Flow, Fair Value and Net Investment Hedges The primary derivative and non-derivative instruments used by the Company in its fair value, cash flow and net investment hedge accounting relationships are interest rate swaps, currency swaps, currency forwards, and foreign currency denominated debts. These instruments are only designated for hedge accounting in instances where the appropriate criteria are met. The Company does not use futures, options, credit, or equity derivatives in any of its fair value, cash flow or net investment hedge accounting relationships. The following tables provide the financial statement classification and impact of derivatives used in qualifying and non-qualifying hedge relationships, including the offset of the hedged item in fair value hedge relationships. Three Months Ended June 30, 2023 Realized Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) Net Other Interest Interest Policyholders’ Benefits Change in AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest Rate $ 5 $ 0 $ 0 $ 0 $ 0 $ (53) $ (58) $ 0 Currency (1) 0 0 0 0 0 50 0 Total gains (losses) on derivatives designated as hedge instruments 4 0 0 0 0 (53) (8) 0 Gains (losses) on the hedged item: Interest Rate (5) 0 3 0 0 38 44 0 Currency 1 0 1 0 0 0 (50) 0 Total gains (losses) on hedged item (4) 0 4 0 0 38 (6) 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 0 (2) (75) Total Amortization for gain (loss) excluded from assessment of the effectiveness 0 0 0 0 0 0 (2) (75) Total gains (losses) on fair value hedges net of hedged item 0 0 4 0 0 (15) (16) (75) Cash flow hedges Interest Rate 0 0 (6) 0 0 0 0 (12) Currency 3 0 0 0 0 0 0 (1) Currency/Interest Rate 13 0 80 (66) 0 0 0 (233) Total gains (losses) on cash flow hedges 16 0 74 (66) 0 0 0 (246) Net investment hedges Currency 0 0 0 0 0 0 0 17 Currency/Interest Rate 0 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 0 0 17 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (322) (1,022) 0 0 0 0 0 0 Currency (349) 0 0 4 0 0 0 0 Currency/Interest Rate (35) 0 0 (1) 0 0 0 0 Credit 38 0 0 0 0 0 0 0 Equity 961 (440) 0 0 0 0 0 0 Other 0 0 0 0 0 0 0 0 Embedded Derivatives (970) 0 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (677) (1,462) 0 3 0 0 0 0 Total $ (661) $ (1,462) $ 78 $ (63) $ 0 $ (15) $ (16) $ (304) Six Months Ended June 30, 2023 Realized Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) Net Other Interest Interest Policyholders’ Benefits Change in AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest Rate $ 1 $ 0 $ 0 $ 0 $ 0 $ (16) $ (14) $ 0 Currency (1) 0 (1) 0 0 0 99 0 Total gains (losses) on derivatives designated as hedge instruments 0 0 (1) 0 0 (16) 85 0 Gains (losses) on the hedged item: Interest Rate (1) 0 6 0 0 1 (4) 0 Currency 1 0 1 0 0 0 (97) 0 Total gains (losses) on hedged item 0 0 7 0 0 1 (101) 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 0 (4) (95) Total Amortization for gain (loss) excluded from assessment of the effectiveness 0 0 0 0 0 0 (4) (95) Total gains (losses) on fair value hedges net of hedged item 0 0 6 0 0 (15) (20) (95) Cash flow hedges Interest Rate (22) 0 (7) 0 0 0 0 32 Currency 8 0 0 0 0 0 0 (40) Currency/Interest Rate 48 0 163 (146) 0 0 0 (511) Total gains (losses) on cash flow hedges 34 0 156 (146) 0 0 0 (519) Net investment hedges Currency 0 0 0 0 0 0 0 16 Currency/Interest Rate 0 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 0 0 16 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 225 (755) 0 0 0 0 0 0 Currency (510) 0 0 5 0 0 0 0 Currency/Interest Rate (63) 0 0 (3) 0 0 0 0 Credit 85 0 0 0 0 0 0 0 Equity 1,150 (678) 0 0 0 0 0 0 Other 0 0 0 0 0 0 0 0 Embedded Derivatives (1,215) 0 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (328) (1,433) 0 2 0 0 0 0 Total $ (294) $ (1,433) $ 162 $ (144) $ 0 $ (15) $ (20) $ (598) Three Months Ended June 30, 2022(2) Realized Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) Net Other Interest Interest Policyholders’ Benefits Change in AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest Rate $ 13 $ 0 $ (1) $ 0 $ 0 $ (126) $ (159) $ 0 Currency (5) 0 0 0 0 0 (151) 0 Total gains (losses) on derivatives designated as hedge instruments 8 0 (1) 0 0 (126) (310) 0 Gains (losses) on the hedged item: Interest Rate (13) 0 3 0 0 138 173 0 Currency 7 0 3 0 0 0 151 0 Total gains (losses) on hedged item (6) 0 6 0 0 138 324 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 0 0 52 Total amortization for gain (loss) excluded from assessment of the effectiveness 0 0 0 0 0 0 0 52 Total gains (losses) on fair value hedges net of hedged item 2 0 5 0 0 12 14 52 Cash flow hedges Interest Rate 0 0 (1) 0 0 0 0 (76) Currency 4 0 0 0 0 0 0 114 Currency/Interest Rate 44 0 68 391 0 0 0 1,253 Total gains (losses) on cash flow hedges 48 0 67 391 0 0 0 1,291 Net investment hedges Currency 0 0 0 0 0 0 0 22 Currency/Interest Rate 0 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 0 0 22 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (1,481) (2,159) 0 0 0 0 0 0 Currency (162) 0 0 0 0 0 0 0 Currency/Interest Rate 646 0 0 3 0 0 0 0 Credit (126) 0 0 0 0 0 0 0 Equity 22 1,156 0 0 0 0 0 0 Other 1 0 0 0 0 0 0 0 Embedded Derivatives 48 0 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (1,052) (1,003) 0 3 0 0 0 0 Total $ (1,002) $ (1,003) $ 72 $ 394 $ 0 $ 12 $ 14 $ 1,365 Six Months Ended June 30, 2022(2) Realized Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) Net Other Interest Interest Policyholders’ Benefits Change in AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest Rate $ 27 $ 0 $ (3) $ 0 $ 0 $ (267) $ (317) $ 0 Currency (30) 0 (1) 0 0 0 (207) 0 Total gains (losses) on derivatives designated as hedge instruments (3) 0 (4) 0 0 (267) (524) 0 Gains (losses) on the hedged item: Interest Rate (27) 0 7 0 0 285 332 0 Currency 32 0 3 0 0 0 204 0 Total gains (losses) on hedged item 5 0 10 0 0 285 536 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 0 (2) 63 Total amortization for gain (loss) excluded from assessment of the effectiveness 0 0 0 0 0 0 (2) 63 Total gains (losses) on fair value hedges net of hedged item 2 0 6 0 0 18 10 63 Cash flow hedges Interest Rate (5) 0 0 0 0 0 0 (134) Currency 4 0 0 0 0 0 0 144 Currency/Interest Rate 49 0 137 471 0 0 0 1,417 Total gains (losses) on cash flow hedges 48 0 137 471 0 0 0 1,427 Net investment hedges Currency 0 0 0 0 0 0 0 10 Currency/Interest Rate 0 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 0 0 10 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (2,387) (4,859) 0 0 0 0 0 0 Currency (371) 0 0 (1) 0 0 0 0 Currency/Interest Rate 786 0 0 4 0 0 0 0 Credit (163) 0 0 0 0 0 0 0 Equity 133 1,521 0 0 0 0 0 0 Other 2 0 0 0 0 0 0 0 Embedded Derivatives 311 0 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (1,689) (3,338) 0 3 0 0 0 0 Total $ (1,639) $ (3,338) $ 143 $ 474 $ 0 $ 18 $ 10 $ 1,500 _______ (1) Excluding changes related to net investment hedges using non-derivative instruments of $46 million and $45 million for the three months ended and six months ended June 30, 2023 , and $102 million and $131 million for three months ended and six months ended June 30, 2022, respectively (2) Prior period amounts have been updated to conform to current period presentation. Presented below is a rollforward of current period cash flow hedges in AOCI before taxes: (in millions) Balance, December 31, 2022 $ 2,616 Amount recorded in AOCI: Interest Rate 3 Currency (32) Currency/Interest Rate (446) Total amount recorded in AOCI (475) Amount reclassified from AOCI to income: Interest Rate 29 Currency (8) Currency/Interest Rate (65) Total amount reclassified from AOCI to income (44) Balance, June 30, 2023 $ 2,097 The changes in fair value of cash flow hedges are deferred in AOCI and are included in “Net unrealized investment gains (losses)” in the Unaudited Interim Consolidated Statements of Comprehensive Income; these amounts are then reclassified to earnings when the hedged item affects earnings. Using June 30, 2023 values, it is estimated that a pre-tax gain of approximately $274 million is expected to be reclassified from AOCI to earnings during the subsequent twelve months ending June 30, 2024. The exposures the Company is hedging with these qualifying cash flow hedges include the variability of future cash flows from forecasted transactions denominated in foreign currencies, the purchases of invested assets, and the receipt or payment of variable interest on existing financial instruments. The maximum length of time over which the Company is hedging its exposure to the variability in future cash flows for forecasted transactions is 28 years. There were no material amounts reclassified from AOCI into earnings relating to instances in which the Company discontinued cash flow hedge accounting because the forecasted transaction did not occur by the anticipated date or within the additional time period permitted by the authoritative guidance for the accounting for derivatives and hedging. In addition, there were no instances in which the Company discontinued fair value hedge accounting due to a hedged firm commitment no longer qualifying as a fair value hedge. For net investment hedges, in addition to derivatives, the Company uses foreign currency denominated debt to hedge the risk of change in the net investment in a foreign subsidiary due to changes in exchange rates. For effective net investment hedges, the amounts, before applicable taxes, recorded in the cumulative translation adjustment within AOCI were $63 million and $61 million for the three and six months ended June 30, 2023, respectively, and $123 million and $141 million for the three and six months ended June 30, 2022, respectively. Credit Derivatives The following tables provide a summary of the notional and fair value of written credit protection, presented as assets (liabilities). The Company’s maximum amount at risk under these credit derivatives, assuming the value of the underlying referenced securities become worthless, is equal to the notional amounts. These credit derivatives have maturities of less than 24 years for index reference. June 30, 2023 NAIC Rating Designation of Underlying Credit Obligation(1) NAIC 1 NAIC 2 NAIC 3 NAIC 4 NAIC 5 NAIC 6 Total Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value (in millions) Single name reference(2) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Index reference(2) 28 0 0 0 4,330 5 0 0 0 0 457 15 4,815 20 Total $ 28 $ 0 $ 0 $ 0 $ 4,330 $ 5 $ 0 $ 0 $ 0 $ 0 $ 457 $ 15 $ 4,815 $ 20 December 31, 2022 NAIC Rating Designation of Underlying Credit Obligation(1) NAIC 1 NAIC 2 NAIC 3 NAIC 4 NAIC 5 NAIC 6 Total Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value (in millions) Single name reference(2) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Index reference(2) 48 0 0 0 5,197 (46) 0 0 0 0 782 15 6,027 (31) Total $ 48 $ 0 $ 0 $ 0 $ 5,197 $ (46) $ 0 $ 0 $ 0 $ 0 $ 782 $ 15 $ 6,027 $ (31) _________ (1) The NAIC rating designations are based on availability and the lowest ratings among Moody's Investors Service, Inc. ("Moody's"), Standard & Poor’s Rating Services (“S&P”) and Fitch Ratings Inc. (“Fitch”). If no rating is available from a rating agency, a NAIC 6 rating is used. (2) Single name credit default swaps may make reference to the credit of corporate debt, sovereign debt, and structured finance. Index references NAIC designations are based on the lowest rated single name reference included in the index. In addition to writing credit protection, the Company has purchased credit protection using credit derivatives in order to hedge specific credit exposures in the Company’s investment portfolio. As of June 30, 2023 and December 31, 2022, the Company had $318 million and $324 million of outstanding notional amounts and reported at fair value as a liability of $6 million and an asset of $1 million, respectively. Counterparty Credit Risk The Company is exposed to losses in the event of non-performance by counterparties to financial derivative transactions with a positive fair value. The Company manages credit risk by: (i) entering into derivative transactions with highly rated major financial institutions and other creditworthy counterparties governed by master netting agreements, as applicable; (ii) trading through central clearing and over-the-counte r (“OTC” ) parties; (iii) obtaining collateral, such as cash and securities, when appropriate; and (iv) setting limits on single party credit exposures which are subject to periodic management review. Substantially all of the Company’s derivative agreements have zero thresholds which require daily full collateralization by the party in a liability position. In addition, certain of the Company’s derivative agreements contain credit-risk related contingent features; if the credit rating of one of the parties to the derivative agreement is to fall below a certain level, the party with positive fair value could request termination at the then fair value or demand immediate full collateralization from the party whose credit rating fell and is in a net liability position. As of June 30, 2023, there were no net liability derivative positions with counterparties with credit risk-related contingent features. All derivatives have been appropriately collateralized by the Company or the counterparty in accordance with the terms of the derivative agreements.

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities	FAIR VALUE OF ASSETS AND LIABILITIES Fair Value Measurement —Fair value represents the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The authoritative fair value guidance establishes a framework for measuring fair value that includes a hierarchy used to classify the inputs used in measuring fair value. The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The levels of the fair value hierarchy are as follows: Level 1—Fair value is based on unadjusted quoted prices in active markets that are accessible to the Company for identical assets or liabilities. Level 2—Fair value is based on significant inputs, other than quoted prices included in Level 1, that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability through corroboration with observable market data. Level 2 inputs include quoted market prices in active markets for similar assets and liabilities, quoted market prices in markets that are not active for identical or similar assets or liabilities, and other market observable inputs. Level 3—Fair value is based on at least one significant unobservable input for the asset or liability. The assets and liabilities in this category may require significant judgment or estimation in determining the fair value. For a discussion of Company’s valuation methodologies for assets and liabilities measured at fair value and the fair value hierarchy, see Note 6 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. As a result of the adoption of ASU 2018-12 in the first quarter of 2023, the Company is required to measure all market risk benefits (e.g., living benefit and death benefit guarantees associated with variable annuities) at fair value. Market risk benefit liabilities (or assets) represent contracts or contract features that provide protection to the contractholder and expose the insurance entity to other than nominal capital market risk, primarily related to deferred annuities with guaranteed minimum benefits in the Retirement Strategies segment including guaranteed minimum death benefits (“GMDB”), guaranteed minimum income benefits (“GMIB”), guaranteed minimum accumulation benefits (“GMAB”), guaranteed minimum withdrawal benefits (“GMWB”) and guaranteed minimum income and withdrawal benefits (“GMIWB”). The benefits are bundled together and accounted for as single compound market risk benefits using a fair value measurement framework. The fair value of these market risk benefits is calculated as the present value of expected future benefit payments to contractholders less the present value of expected future rider fees attributable to the market risk benefit. The fair value of these benefit features is based on assumptions a market participant would use in valuing market risk benefits. This methodology could result in either a liability or asset balance, given changing capital market conditions and various actuarial assumptions. Since there is no observable active market for the transfer of these obligations, the valuations are calculated using internally-developed models with option pricing techniques. The models are based on a risk neutral valuation framework and incorporate premiums for risks inherent in valuation techniques, inputs, and the general uncertainty around the timing and amount of future cash flows. The determination of these risk premiums requires the use of management’s judgment. The significant inputs to the valuation models for these market risk benefits include capital market assumptions, such as interest rate levels and volatility assumptions, the Company’s market-perceived NPR, as well as actuarially determined assumptions, including contractholder behavior, such as lapse rates, benefit utilization rates, withdrawal rates, and mortality rates. Since many of these assumptions are unobservable and are considered to be significant inputs to the valuations, the assets and liabilities included in market risk benefits have been reflected within Level 3 in the fair value hierarchy. Capital market inputs and actual policyholders’ account values are updated each quarter based on capital market conditions as of the end of the quarter, including interest rates, equity markets and volatility. In the risk neutral valuation, the initial swap curve drives the total return used to grow the policyholders’ account values. The Company’s discount rate assumption is based on the SOFR swap curve adjusted for an additional spread relative to SOFR to reflect the Company’s market-perceived NPR, which is the risk that the obligation will not be fulfilled by the Company. NPR is primarily estimated by utilizing the credit spreads associated with the Company issued funding agreements, adjusted for any illiquidity risk premium. In order to reflect the financial strength ratings of the Company, credit spreads associated with funding agreements, as opposed to credit spread associated with debt, are utilized in developing this estimate because funding agreements, living benefit guarantees, and index-linked interest crediting guarantees are insurance liabilities and are therefore senior to debt. Assets and Liabilities by Hierarchy Level —The tables below present the balances of assets and liabilities reported at fair value on a recurring basis, as of the dates indicated. As of June 30, 2023 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 24,542 $ 0 $ $ 24,542 Obligations of U.S. states and their political subdivisions 0 9,879 7 9,886 Foreign government bonds 0 72,200 8 72,208 U.S. corporate public securities 0 93,077 63 93,140 U.S. corporate private securities(2) 0 35,003 2,670 37,673 Foreign corporate public securities 0 19,969 68 20,037 Foreign corporate private securities 0 27,349 1,660 29,009 Asset-backed securities(3) 0 13,025 287 13,312 Commercial mortgage-backed securities 0 9,157 968 10,125 Residential mortgage-backed securities 0 2,289 9 2,298 Subtotal 0 306,490 5,740 312,230 Assets supporting experience-rated contractholder liabilities: U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 206 0 206 Obligations of U.S. states and their political subdivisions 0 0 0 0 Foreign government bonds 0 640 0 640 Corporate securities 0 79 0 79 Asset-backed securities(3) 0 0 0 0 Commercial mortgage-backed securities 0 0 0 0 Residential mortgage-backed securities 0 0 0 0 Equity securities 891 1,203 0 2,094 All other(4) 0 0 0 0 Subtotal 891 2,128 0 3,019 Market risk benefit assets 0 0 1,951 1,951 Fixed maturities, trading 0 6,047 302 6,349 Equity securities 4,686 2,900 773 8,359 Commercial mortgage and other loans 0 323 0 323 Other invested assets(5) 162 16,023 865 (14,939) 2,111 Short-term investments 473 3,550 25 4,048 Cash equivalents 1,430 5,947 0 7,377 Other assets 0 382 229 611 Separate account assets(6)(7) 9,035 161,467 1,175 171,677 Total assets $ 16,677 $ 505,257 $ 11,060 $ (14,939) $ 518,055 Market risk benefit liabilities $ 0 $ 0 $ 5,462 $ $ 5,462 Policyholders’ account balances 0 0 5,629 5,629 Other liabilities 10 27,186 1 (24,178) 3,019 Total liabilities $ 10 $ 27,186 $ 11,092 $ (24,178) $ 14,110 As of December 31, 2022 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 26,069 $ 0 $ $ 26,069 Obligations of U.S. states and their political subdivisions 0 9,682 7 9,689 Foreign government bonds 0 73,218 8 73,226 U.S. corporate public securities 0 87,521 65 87,586 U.S. corporate private securities(2) 0 34,487 2,392 36,879 Foreign corporate public securities 0 20,621 66 20,687 Foreign corporate private securities 0 26,325 1,335 27,660 Asset-backed securities(3) 0 12,582 269 12,851 Commercial mortgage-backed securities 0 9,644 1,011 10,655 Residential mortgage-backed securities 0 2,408 9 2,417 Subtotal 0 302,557 5,162 307,719 Assets supporting experience-rated contractholder liabilities: U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 189 0 189 Obligations of U.S. states and their political subdivisions 0 0 0 0 Foreign government bonds 0 668 0 668 Corporate securities 0 88 0 88 Asset-backed securities(3) 0 0 0 0 Commercial mortgage-backed securities 0 0 0 0 Residential mortgage-backed securities 0 0 0 0 Equity securities 780 1,119 0 1,899 All other(4) 0 0 0 0 Subtotal 780 2,064 0 2,844 Market risk benefit assets 0 0 800 800 Fixed maturities, trading 0 5,647 304 5,951 Equity securities 4,338 2,185 627 7,150 Commercial mortgage and other loans 0 137 0 137 Other invested assets(5) 15 16,241 539 (14,802) 1,993 Short-term investments 341 3,428 18 3,787 Cash equivalents 544 6,930 0 7,474 Other assets 0 0 152 152 Separate account assets(6)(7) 8,310 162,414 1,081 171,805 Total assets $ 14,328 $ 501,603 $ 8,683 $ (14,802) $ 509,812 Market risk benefit liabilities $ 0 $ 0 $ 5,864 $ $ 5,864 Policyholders’ account balances 0 0 3,492 3,492 Other liabilities 26 25,953 1 (23,298) 2,682 Total liabilities $ 26 $ 25,953 $ 9,357 $ (23,298) $ 12,038 __________ (1) “Netting” amounts represent cash collateral of $(9,239) million and $(8,496) million as of June 30, 2023 and December 31, 2022, respectively. (2) Excludes notes with fair value of $8,290 million (carrying amount of $8,290 million) and $8,040 million (carrying amount of $8,040 million) as of June 30, 2023 and December 31, 2022, respectively, which have been offset with the associated payables under a netting agreement. (3) Includes credit-tranched securities collateralized by syndicated bank loans, sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (4) All other represents cash equivalents and short-term investments. (5) Other invested assets excluded from the fair value hierarchy include certain hedge funds, private equity funds and other funds for which fair value is measured at net asset value (“NAV”) per share (or its equivalent) as a practical expedient. As of June 30, 2023 and December 31, 2022, the fair values of such investments were $3,791 million and $3,689 million, respectively. (6) Separate account assets included in the fair value hierarchy exclude investments in entities that calculate NAV per share (or its equivalent) as a practical expedient. Such investments excluded from the fair value hierarchy include investments in real estate, hedge funds and other invested assets. As of June 30, 2023 and December 31, 2022, the fair value of such investments were $29,194 million and $25,874 million, respectively. (7) Separate account assets represent segregated funds that are invested for certain customers. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company’s Unaudited Interim Consolidated Statements of Financial Position. Quantitative Information Regarding Internally-Priced Level 3 Assets and Liabilities —The tables below present quantitative information regarding significant internally-priced Level 3 assets and liabilities. As of June 30, 2023 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Impact of (in millions) Assets: Corporate securities(2)(3) $ 3,706 Discounted Discount rate 0.45% 20% 8.32% Decrease Market comparables EBITDA multiples(4) 1.3X 1.7X 1.5X Increase Liquidation Liquidation value 8.98% 64.71% 57.36% Increase Commercial mortgage-backed securities $ 968 Discounted Liquidity premium 0.60% 0.75% 0.70% Decrease Market risk benefit assets(7) $ 1,951 Discounted cash flow Lapse rate(9) 1% 20% Increase Spread over SOFR(10) 0.57% 2.26% Increase Utilization rate(11) 38% 95% Decrease Withdrawal rate See table footnote (12) below. Mortality rate(13) 0% 15% Increase Equity volatility curve 15% 25% Decrease Equity securities $ 251 Discounted Discount rate 0.16% 20% Decrease Market comparables EBITDA multiples(4) 1.0X 7.5X 5.9X Increase Net Asset Value Share price $1 $1,714 $525 Increase Liabilities: Market risk benefit liabilities(7) $ 5,462 Discounted Lapse rate(9) 1% 20% Decrease Spread over SOFR(10) 0.57% 2.26% Decrease Utilization rate(11) 38% 95% Increase Withdrawal rate See table footnote (12) below. Mortality rate(13) 0% 15% Decrease Equity volatility curve 15% 25% Increase Policyholders’ account balances(8) $ 5,629 Discounted Lapse rate(9) 1% 80% Decrease Spread over SOFR(10) 0.57% 2.32% Decrease Mortality rate(13) 0% 23% Decrease Equity volatility curve 6% 27% Increase Option Budget(14) (1)% 6% Increase As of December 31, 2022 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Impact of (in millions) Assets: Corporate securities(2)(3) $ 3,128 Discounted Discount rate 0.61% 20% 8.09% Decrease Market comparables EBITDA multiples(4) 2.2X 23.5X 8.3X Increase Liquidation Liquidation value 8.16% 8.25% 8.21% Increase Market risk benefit assets(7) $ 800 Discounted cash flow Lapse rate(9) 1% 20% Increase Spread over SOFR(10) 0.50% 2.20% Increase Utilization rate(11) 38% 95% Decrease Withdrawal rate See table footnote (12) below. Mortality rate(13) 0% 15% Increase Equity volatility curve 18% 26% Decrease Equity securities $ 290 Discounted Discount rate 0.16% 20% Decrease Market comparables EBITDA multiples(4) 1.0X 7.5X 4.0X Increase Net Asset Value Share price $6 $1,708 $22 Increase Separate account assets-commercial mortgage loans(6) $ 74 Discounted Spread 1.25% 2.10% 1.44% Decrease Liabilities: Market risk benefit liabilities(7) $ 5,864 Discounted Lapse rate(9) 1% 20% Decrease Spread over SOFR(10) 0.50% 2.20% Decrease Utilization rate(11) 38% 95% Increase Withdrawal rate See table footnote (12) below. Mortality rate(13) 0% 15% Decrease Equity volatility curve 18% 26% Increase Policyholders’ account balances(8) $ 3,492 Discounted Lapse rate(9) 1% 80% Decrease Spread over SOFR(10) 0.17% 1.93% Decrease Mortality rate(13) 0% 23% Decrease Equity volatility curve 6% 30% Increase Option Budget(14) (2)% 6% Increase ___________ (1) Conversely, the impact of a decrease in input would have the opposite impact on fair value as that presented in the table. (2) Includes assets classified as fixed maturities available-for-sale, assets supporting experience-rated contractholder liabilities and fixed maturities trading. (3) Excludes notes which have been offset with the associated payables under a netting agreement. (4) Represents multiples of earnings before interest, taxes, depreciation and amortization (“EBITDA”), and are amounts used when the Company has determined that market participants would use such multiples when valuing the investments. (5) For these investments, a range of discount rates is typically used (10% to 20%) and is therefore a more meaningful representation of the unobservable inputs used in the valuation rather than weighted average. (6) Changes in the fair value of separate account assets are borne by customers and thus are offset by changes in separate account liabilities on the Company’s Unaudited Interim Consolidated Statements of Financial Position. As a result, changes in value associated with these investments are not reflected in the Company’s Unaudited Interim Consolidated Statements of Operations. (7) Market risk benefits primarily represent fair value for all living benefit guarantees including accommodation, withdrawal and income benefits. Since the valuation methodology for these assets and liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (8) Policyholders’ account balances primarily represent general account liabilities for the index-linked interest credited on certain of the Company’s life and annuity products that are accounted for as embedded derivatives. Since the valuation methodology for these liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (9) Lapse rates for contracts with living benefit guarantees are adjusted at the contract level based on the in-the-moneyness of the living benefit and reflect other factors, such as the applicability of any surrender charges. Lapse rates are reduced when contracts are more in-the-money. Lapse rates for contracts with index-linked crediting guarantees may be adjusted at the contract level based on the applicability of any surrender charges, product type, and market related factors such as interest rates. Lapse rates are also generally assumed to be lower for the period where surrender charges apply. For any given contract, lapse rates vary throughout the period over which cash flows are projected for the purposes of valuing these embedded derivatives. (10) The spread over the Secured Overnight Financing Rate (“SOFR”) swap curve and the London Inter-Bank Offered Rate (“LIBOR”) swap curve represents the premium added to the proxy for the risk-free rate (SOFR or LIBOR, as applicable) to reflect the Company’s estimates of rates that a market participant would use to value the living benefits in both the accumulation and payout phases and index-linked interest crediting guarantees as of June 30, 2023 and December 31, 2022, respectively. This spread includes an estimate of NPR, which is the risk that the obligation will not be fulfilled by the Company. NPR is primarily estimated by utilizing the credit spreads associated with issuing funding agreements, adjusted for any illiquidity risk premium. In order to reflect the financial strength ratings of the Company, credit spreads associated with funding agreements, as opposed to credit spread associated with debt, are utilized in developing this estimate because funding agreements, living benefit guarantees, and index-linked interest crediting guarantees are insurance liabilities and are therefore senior to debt. Effective April 2023, the Company entered into an agreement with The Ohio National Life Insurance Company (“Ohio National”), an affiliate of Constellation Insurance Holdings, Inc., to reinsure approximately $10 billion of account values of Prudential Defined Income (“PDI”) traditional variable annuity contracts with guaranteed living benefits. See Note 12 for additional information regarding this transaction. As a result of this transaction, a ceded MRB asset balance was established to fair value the reinsurance reimbursements to the Company. The establishment of the fair value also required an estimate of NPR for Ohio National, which may differ from that of the Company’s; however, the NPR spreads for Ohio National were developed using a methodology similar to that of the Company. (11) The utilization rate assumption estimates the percentage of contracts that will utilize the benefit during the contract duration and begin lifetime withdrawals at various time intervals from contract inception. The remaining contractholders are assumed to either begin lifetime withdrawals immediately or never utilize the benefit. Utilization assumptions may vary by product type, tax status and age. The impact of changes in these assumptions is highly dependent on the product type, the age of the contractholder at the time of the sale and the timing of the first lifetime income withdrawal. Range reflects the utilization rate for the vast majority of business with living benefits. (12) The withdrawal rate assumption estimates the magnitude of annual contractholder withdrawals relative to the maximum allowable amount under the contract. These assumptions vary based on the age of the contractholder, the tax status of the contract and the duration since the contractholder began lifetime withdrawals. As of June 30, 2023 and December 31, 2022, the minimum withdrawal rate assumption is 81% and 77% respectively. As of June 30, 2023 and December 31, 2022, the maximum withdrawal rate assumption may be greater than 100%.The fair value of the liability will generally increase the closer the withdrawal rate is to 100% and decrease as the withdrawal rate moves further away from 100%. (13) The range reflects the mortality rates for the vast majority of business with living benefits and other contracts, with policyholders ranging from 50 to 90 years old. While the majority of living benefits have a minimum age requirement, certain other contracts do not have an age restriction. This results in contractholders with mortality rates approaching 0% for certain benefits. Mortality rates may vary by product, age, and duration. A mortality improvement assumption is also incorporated into the overall mortality table. (14) Option budget estimates the expected long-term cost of options used to hedge exposures associated with equity price and interest rate changes. The level of option budgets determines future costs of the options, which impacts the growth in account value and the valuation of embedded derivatives. Interrelationships Between Unobservable Inputs — In addition to the sensitivities of fair value measurements to changes in each unobservable input in isolation, as reflected in the table above, interrelationships between these inputs may also exist, such that a change in one unobservable input may give rise to a change in another or multiple inputs. Examples of such interrelationships for significant internally-priced Level 3 assets and liabilities are as follows: Corporate Securities— The rate used to discount future cash flows reflects current risk-free rates plus credit and liquidity spread requirements that market participants would use to value an asset. The discount rate may be influenced by many factors, including market cycles, expectations of default, collateral, term, and asset complexity. Each of these factors can influence discount rates, either in isolation, or in response to other factors. During weaker economic cycles, as the expectations of default increases, credit spreads widen, which results in a decrease in fair value. Commercial Mortgage-backed Securities— Interrelationships may exist between the prepayment rate, the default rate and/or loss severity, depending on specific market conditions. In stronger economic cycles, prepayment rates are generally driven by underlying property appreciation and subsequent cash-out refinances, while default rates and loss severity may be lower. During weaker economic cycles, prepayment rates may decline, while default rates and loss severity increase. Generally, a change in the assumption used for the probability of default would have been accompanied by a directionally similar change in the assumption used for the loss severity and a directionally opposite change in the assumption used for prepayment rates. The impact of these factors on average life and economics varies with the deal structure and tranche subordination. Market Risk Benefits —The Company expects efficient benefit utilization and withdrawal rates to generally be correlated with lapse rates. However, behavior is generally highly dependent on the facts and circumstances surrounding the individual contractholder, such as their liquidity needs or tax situation, which could drive lapse behavior independent of other contractholder behavior assumptions. To the extent more efficient contractholder behavior results in greater in-the-moneyness at the contract level, lapse rates may decline for those contracts. Similarly, to the extent that increases in equity volatility are correlated with overall declines in the capital markets, lapse rates may decline as contracts become more in-the-money. Changes in Level 3 Assets and Liabilities —The following tables describe changes in fair values of Level 3 assets and liabilities as of the dates indicated, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets and liabilities still held at the end of their respective periods (excluding MRBs disclosed in Note 11). When a determination is made to classify assets and liabilities within Level 3, the determination is based on significance of the unobservable inputs in the overall fair value measurement. All transfers are based on changes in the observability of the valuation inputs, including the availability of pricing service information that the Company can validate. Transfers into Level 3 are generally the result of unobservable inputs utilized within valuation methodologies and the use of indicative broker quotes for assets that were previously valued using observable inputs. Transfers out of Level 3 are generally due to the use of observable inputs in valuation methodologies as well as the availability of pricing service information for certain assets that the Company can validate. Three Months Ended June 30, 2023(8)(9) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. states $ 7 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 7 $ 0 Foreign government 9 0 0 0 0 (1) 0 0 0 8 0 Corporate securities(3) 3,941 26 737 (47) 0 (177) (18) 18 (19) 4,461 18 Structured securities(4) 1,438 6 (1) (4) 0 (13) 0 0 (162) 1,264 (1) Other assets: Fixed maturities, trading 339 (2) 33 0 0 (9) 0 0 (59) 302 (3) Equity securities 801 (23) 2 (8) 0 0 1 0 0 773 (10) Other invested assets 803 (20) 84 (2) 0 0 0 0 0 865 (20) Short-term investments 16 1 28 0 0 (20) 0 0 0 25 0 Cash equivalents 0 0 0 0 0 0 0 0 0 0 0 Other assets 167 26 39 0 0 (3) 0 0 0 229 20 Separate account assets(5) 1,169 49 166 (130) 0 (40) 0 3 (42) 1,175 50 Liabilities: Policyholders’ account balances(6) (4,244) (1,020) 0 0 (438) 0 73 0 0 (5,629) (153) Other liabilities (1) 0 0 0 0 0 0 0 0 (1) 0 Three Months Ended June 30, 2023(8) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(7) (in millions) Fixed maturities, available-for-sale $ (13) $ 0 $ 0 $ 43 $ 2 $ (10) $ 0 $ 0 $ 26 Other assets: Fixed maturities, trading 0 (2) 0 0 0 0 (3) 0 0 Equity securities (1) (22) 0 0 0 0 (10) 0 0 Other invested assets (1) (19) 0 0 0 (1) (19) 0 0 Short-term investments 0 0 0 0 1 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Other assets 26 0 0 0 0 20 0 0 0 Separate account assets(5) 0 0 49 0 0 0 0 50 0 Liabilities: Policyholders’ account balances (1,020) 0 0 0 0 (153) 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Six Months Ended June 30, 2023(8)(9) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. states $ 7 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 7 $ 0 Foreign government 8 0 0 0 0 0 0 0 0 8 0 Corporate securities(3) 3,858 35 1,264 (175) 0 (500) (20) 18 (19) 4,461 39 Structured securities(4) 1,289 (29) 239 (5) 0 (25) 0 37 (242) 1,264 (37) Other assets: Fixed maturities, trading 304 3 66 0 0 (13) 1 0 (59) 302 1 Equity securities 627 (6) 9 (67) 0 (6) 216 1 (1) 773 (10) Other invested assets 539 (19) 354 (9) 0 0 0 0 0 865 (18) Short-term investments 18 3 31 0 0 (27) 0 0 0 25 0 Cash equivalents 0 0 0 0 0 0 0 0 0 0 0 Other assets 152 8 74 0 0 (5) 0 0 0 229 3 Separate account assets(5) 1,081 88 309 (197) 0 (66) 0 3 (43) 1,175 87 Liabilities: Policyholders’ account balances(6) (3,492) (1,271) 0 0 (839) 0 (27) 0 0 (5,629) (262) Other liabilities (1) 0 0 0 0 0 0 0 0 (1) 0 Six Months Ended June 30, 2023(8) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(7) (in millions) Fixed maturities, available-for-sale $ (16) $ 0 $ 0 $ 19 $ 3 $ (3) $ 0 $ 0 $ 5 Other assets: Fixed maturities, trading 0 2 0 0 1 0 1 0 0 Equity securities (1) (5) 0 0 0 0 (10) 0 0 Other invested assets (1) (18) 0 0 0 (1) (17) 0 0 Short-term investments 2 0 0 0 1 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Other assets 8 0 0 0 0 3 0 0 0 Separate account assets(5) 0 0 88 0 0 0 0 87 0 Liabilities: Policyholders’ account balances (1,271) 0 0 0 0 (262) 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Three Months Ended June 30, 2022(8)(9) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. states $ 8 $ (1) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 7 $ (1) Foreign government 10 (1) 0 0 0 0 0 0 0 9 0 Corporate securities(3) 5,005 (84) 556 (59) 9 (318) (17) 8 (1,561) 3,539 (95) Structured securities(4) 1,752 (133) 116 (5) 0 (201) (6) 0 (41) 1,482 (133) Other assets: Fixed maturities, trading 378 (16) 23 (1) 0 (24) 2 0 (15) 347 (17) Equity securities 772 6 20 (23) 0 (2) (7) 0 0 766 1 Other invested assets 504 3 16 (21) 0 (2) (1) 0 0 499 3 Short-term investments 213 0 3 0 0 (12) 0 0 0 204 0 Cash equivalents 2 1 0 0 0 0 (3) 0 0 0 0 Other assets 139 67 (4) 0 0 (1) 1 0 0 202 1 Separate account assets(5) 1,254 (146) 12 (5) 0 (4) 0 0 (71) 1,040 (129) Liabilities: Policyholders’ account balances(6) (1,402) 113 0 0 (251) 0 (2,004) 0 0 (3,544) 532 Other liabilities 0 0 0 0 0 0 0 (1) 0 (1) 0 Three Months Ended June 30, 2022(8) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(7) (in millions) Fixed maturities, available-for-sale $ 8 $ 0 $ 0 $ (225) $ (2) $ (3) $ 0 $ 0 $ (226) Other assets: Fixed maturities, trading 0 (18) 0 0 2 0 (17) 0 0 Equity securities 0 6 0 0 0 0 1 0 0 Other invested assets (2) 5 0 0 0 (2) 5 0 0 Short-term investments 0 0 0 0 0 0 0 0 0 Cash equivalents 1 0 0 0 0 0 0 0 0 Other assets 0 0 0 67 0 1 0 0 0 Separate account assets(5) 0 0 (145) 0 (1) 0 0 (129) 0 Liabilities: Policyholders’ account balances 113 0 0 0 0 532 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Six Months Ended June 30, 2022(8)(9) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. states $ 8 $ (1) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 7 $ (1) Foreign government 10 (1) 0 0 0 0 0 0 0 9 (1) Corporate securities(3) 5,316 (466) 800 (83) 9 (465) (27) 16 (1,561) 3,539 (467) Structured securities(4) 1,986 (278) 201 (22) 0 (221) (9) 6 (181) 1,482 (279) Other assets: Fixed maturities, trading 421 (28) 33 (30) 0 (40) 6 0 (15) 347 (29) Equity securities 799 28 31 (145) 0 (4) (16) 73 0 766 5 Other invested assets 493 10 37 (38) 0 (2) (1) 0 0 499 10 Short-term investments 330 0 4 0 0 (130) 0 0 0 204 0 Cash equivalents 70 (1) 7 0 0 (73) (3) 0 0 0 (2) Other assets 54 74 0 0 0 (3) 77 0 0 202 10 Separate account assets(5) 1,283 (192) 44 (

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired	6 Months Ended
	Jun. 30, 2023
Deferred Charges, Insurers [Abstract]
Deferred Policy Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired	DEFERRED POLICY ACQUISITION COSTS, DEFERRED SALES INDUCEMENTS AND VALUE OF BUSINESS ACQUIRED Deferred Policy Acquisition Costs The following tables show a rollforward for the lines of business that contain material DAC balances, along with a reconciliation to the Company’s total DAC balance: Six Months Ended June 30, 2023 Retirement Strategies Individual Life International Businesses Total Individual Variable Term Life Variable/ Life Planner Gibraltar Life (in millions) Balance, BOP $ 4,171 $ 2,288 $ 5,000 $ 4,710 $ 4,231 $ 20,400 Capitalization 124 72 291 300 294 1,081 Amortization expense (186) (107) (121) (163) (156) (733) Other adjustments(1) (393) 0 0 9 0 (384) Foreign currency adjustment 0 0 0 (124) (117) (241) Balance, EOP $ 3,716 $ 2,253 $ 5,170 $ 4,732 $ 4,252 20,123 Other businesses 197 Total DAC balance $ 20,320 _________ (1) Includes the impact of the reinsurance transaction with Ohio National in Individual Retirement Strategies. See Note 12 for additional information. Six Months Ended June 30, 2022 Retirement Strategies Individual Life International Businesses Total Individual Variable Term Life Variable/ Life Planner Gibraltar Life (in millions) Balance, BOP $ 4,872 $ 2,372 $ 4,679 $ 4,685 $ 4,135 $ 20,743 Capitalization 159 66 275 305 293 1,098 Amortization expense (205) (105) (119) (162) (151) (742) Other adjustments(1) (584) 0 0 10 0 (574) Foreign currency adjustment 0 0 0 (313) (238) (551) Balance, EOP $ 4,242 $ 2,333 $ 4,835 $ 4,525 $ 4,039 19,974 Other businesses 118 Total DAC balance $ 20,092 _________ (1) Includes $584 million in Individual Retirement Strategies related to the sale of PALAC. See Note 1 for additional information. . Deferred Sales Inducements The following table shows a rollforward of DSI balances for variable annuity products within Individual Retirement Strategies, which is the only line of business that contains a material DSI balance, along with a reconciliation to the Company’s total DSI balance: Six Months Ended June 30, 2023 2022 (in millions) Balance, BOP $ 446 $ 799 Capitalization 2 1 Amortization expense (20) (27) Other adjustments(1) 0 (308) Balance, EOP 428 465 Other businesses 34 36 Total DSI balance $ 462 $ 501 _________ (1) The 2022 amount relates to the sale of PALAC. See Note 1 for additional information. Value of Business Acquired The following table shows a rollforward of VOBA balances for Gibraltar Life and Other, which is the only line of business that contains a material VOBA balance, along with a reconciliation to the Company’s total VOBA balance: Six Months Ended June 30, 2023 2022 (in millions) Balance, BOP $ 597 $ 746 Amortization expense (26) (32) Foreign currency adjustment (48) (106) Balance, EOP 523 608 Other businesses 19 (18) Total VOBA balance $ 542 $ 590 The following table provides VOBA balances for the applicable businesses for the period ended June 30: 2023 (in millions) Gibraltar Life $ 523 Aoba Life 19 Total $ 542 The following table provides estimated future amortization for the periods indicated: 2023 (July-December) 2024 2025 2026 2027 Thereafter Total (in millions) Estimated future VOBA amortization $ 25 $ 46 $ 42 $ 38 $ 35 $ 356 $ 542

Separate Accounts

Separate Accounts	6 Months Ended
	Jun. 30, 2023
Insurance [Abstract]
Separate Account	SEPARATE ACCOUNTS The Company issues variable annuity and variable life insurance contracts through its separate accounts for which investment income and investment gains and losses accrue directly to, and investment risk is borne by, the contractholder. Most variable annuity and variable life insurance contracts are offered with both separate and general account options. See Note 10 for additional information. The assets supporting the variable portion of variable annuity and variable life insurance contracts are carried at fair value and reported as “Separate account assets” with an equivalent amount reported as “Separate account liabilities.” The liabilities related to the net amount at risk are reflected within future policy benefits or market risk benefits. Amounts assessed against the contractholders for mortality, administration, and other services are included within revenue in “Policy charges and fee income” and changes in liabilities for minimum guarantees are generally included in “Policyholders’ benefits” or “Realized investment gains (losses), net.” Separate Account Assets The aggregate fair value of assets, by major investment asset category, supporting separate accounts is as follows: June 30, December 31, (in millions) Asset Type: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 4,942 $ 5,208 Obligations of U.S. states and their political subdivisions 2,108 2,006 Foreign government bonds 121 120 U.S. corporate securities 13,042 13,135 Foreign corporate securities 3,229 3,261 Asset-backed securities 1,292 1,131 Mortgage-backed securities 15,023 14,653 Mutual funds: Equity 86,619 82,781 Fixed Income 37,875 38,109 Other 5,597 3,797 Equity securities 5,298 5,177 Commercial mortgage and other loans 69 74 Other invested assets 22,478 24,590 Short-term investments 1,265 1,306 Cash and cash equivalents 1,913 2,331 Total $ 200,871 $ 197,679 For the periods ended June 30, 2023 and December 31, 2022, there were no transfers of assets, other than cash, from the general account to a separate account; therefore, no gains or losses were recorded. Separate Account Liabilities The balances of and changes in separate account liabilities as of and for the periods ended are as follows: Six Months Ended June 30, 2023 Retirement Strategies PGIM Institutional Individual Group Insurance Individual Life Total (in millions) Balance, BOP $ 40,056 $ 11,428 $ 93,395 $ 23,513 $ 32,930 $ 201,322 Deposits 2,928 175 204 11 1,489 4,807 Investment performance (99) 523 7,420 896 4,026 12,766 Policy charges (42) (6) (1,181) (139) (528) (1,896) Surrenders and withdrawals (2,828) (226) (4,667) (14) (409) (8,144) Benefit payments (1,728) (278) (56) (138) (166) (2,366) Net transfers (to) from general account (351) (35) (6) 0 (1,130) (1,522) Other (709) (182) 5 (382) 52 (1,216) Balance, EOP $ 37,227 $ 11,399 $ 95,114 $ 23,747 $ 36,264 203,751 Other businesses(1) (2,880) Total separate account liabilities $ 200,871 Cash surrender value(2) $ 37,227 $ 11,399 $ 93,745 $ 23,630 $ 33,157 $ 199,158 __________ (1) Primarily represents Divested and Run-off Businesses, partially offset with the impact of intercompany eliminations. There are no associated cash surrender charges. (2) "Cash surrender value" represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. There are no cash surrender charges for the PGIM and Institutional Retirement Strategies segments. Six Months Ended June 30, 2022 Retirement Strategies PGIM Institutional Individual Group Insurance Individual Life Total (in millions) Balance, BOP $ 42,020 $ 14,064 $ 158,546 $ 27,097 $ 39,789 $ 281,516 Deposits 4,048 511 460 63 1,268 6,350 Investment performance 1,080 (1,948) (26,996) (3,395) (7,362) (38,621) Policy charges (43) (9) (1,611) (144) (501) (2,308) Surrenders and withdrawals (3,866) (3,056) (6,136) (11) (371) (13,440) Benefit payments (1,644) (298) (70) (157) (212) (2,381) Net transfers (to) from general account (11) 2,809 (256) 17 (243) 2,316 Other(1) 290 (262) (25,084) 302 56 (24,698) Balance, EOP $ 41,874 $ 11,811 $ 98,853 $ 23,772 $ 32,424 208,734 Other businesses(2) (3,121) Total separate account liabilities $ 205,613 Cash surrender value(3) $ 41,874 $ 11,811 $ 97,083 $ 23,646 $ 29,591 $ 204,005 __________ (1) Activity for Individual Retirement Strategies primarily represents the sale of PALAC. See Note 1 for additional information. (2) Primarily represents Divested and Run-off Businesses, partially offset with the impact of intercompany eliminations. There are no associated cash surrender charges. (3) "Cash surrender value" represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. There are no cash surrender charges for the PGIM and Institutional Retirement Strategies segments.

Liability For Future Policy Ben

Liability For Future Policy Benefits	6 Months Ended
	Jun. 30, 2023
Insurance [Abstract]
Liabilities for Future Policy Benefits	LIABILITY FOR FUTURE POLICY BENEFITS Liability for Future Policy Benefits primarily consists of the following sub-components, which are discussed in greater detail below: • Benefit Reserves; • Deferred Profit Liability; and • Additional Insurance Reserves In 2023, the Company recognized an unfavorable impact to net income attributable to the actuarial assumption update for direct and assumed Benefit Reserves and Deferred Profit Liability, net of the impact of flooring these liabilities at zero for each issue year cohort. This net impact was primarily due to updates to lapse and claim incidence assumptions on Long-Term Care policies. Additionally, the Company recognized an unfavorable impact to net income attributable to the actuarial assumption update and other refinements for direct and assumed Additional Insurance Reserves, primarily due to unfavorable model refinements, partially offset by favorable updates to economic assumptions, including expected future rates of returns on investments on universal life policies with secondary guarantees. In 2022, the Company recognized an unfavorable impact to net income attributable to the actuarial assumption update for direct and assumed Benefit Reserves and Deferred Profit Liability, net of the impact of flooring these liabilities at zero for each issue year cohort. This net impact was primarily due to updates to mortality assumptions on individual term life policies. Additionally, the Company recognized an unfavorable impact to net income attributable to the actuarial assumption update and other refinements for direct and assumed Additional Insurance Reserves, primarily due to updates to policyholder behavior assumptions on universal life policies with secondary guarantees. Benefit Reserves The balances of and changes in Benefit Reserves as of and for the periods indicated consist of the three tables presented below: Present Value of Expected Net Premiums rollforward, Present Value of Expected Future Policy Benefits rollforward, and Net Liability for Future Policy Benefits. Six Months Ended June 30, 2023 Present Value of Expected Net Premiums Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 52,620 $ 11,282 $ 30,689 $ 28,951 $ 2,932 $ 126,474 Effect of cumulative changes in discount rate assumptions, BOP 14,349 572 1,354 1,326 103 17,704 Balance at original discount rate, BOP 66,969 11,854 32,043 30,277 3,035 144,178 Effect of assumption update (1,117) (1) 78 (175) 266 (949) Effect of actual variances from expected experience and other activity 378 (81) (417) (332) 121 (331) Adjusted balance, BOP 66,230 11,772 31,704 29,770 3,422 142,898 Issuances 5,783 338 1,253 865 0 8,239 Net premiums / considerations collected (4,944) (711) (2,106) (1,928) (154) (9,843) Interest accrual 1,049 270 458 402 77 2,256 Foreign currency adjustment 3,816 0 (1,080) (1,214) 0 1,522 Other adjustments 0 0 93 0 0 93 Balance at original discount rate, EOP 71,934 11,669 30,322 27,895 3,345 145,165 Effect of cumulative changes in discount rate assumptions, EOP (18,002) (497) (594) (614) (89) (19,796) Balance, EOP $ 53,932 $ 11,172 $ 29,728 $ 27,281 $ 3,256 $ 125,369 Other businesses, EOP 85 Total balance, EOP $ 125,454 Six Months Ended June 30, 2023 Present Value of Expected Future Policy Benefits Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 117,754 $ 19,288 $ 78,639 $ 80,331 $ 10,685 $ 306,697 Effect of cumulative changes in discount rate assumptions, BOP 20,170 1,012 3,719 11,266 1,216 37,383 Balance at original discount rate, BOP 137,924 20,300 82,358 91,597 11,901 344,080 Effect of assumption update (1,289) (1) 145 44 357 (744) Effect of actual variances from expected experience and other activity 351 (96) (381) (323) 136 (313) Adjusted balance, BOP 136,986 20,203 82,122 91,318 12,394 343,023 Issuances 5,783 338 1,253 865 0 8,239 Interest accrual 2,457 472 1,325 1,162 292 5,708 Benefit payments (5,643) (779) (1,777) (2,270) (122) (10,591) Foreign currency adjustment 3,898 0 (3,243) (4,355) 0 (3,700) Other adjustments 4 (13) 179 (11) 0 159 Balance at original discount rate, EOP 143,485 20,221 79,859 86,709 12,564 342,838 Effect of cumulative changes in discount rate assumptions, EOP (22,882) (823) 715 (6,148) (999) (30,137) Balance, EOP $ 120,603 $ 19,398 $ 80,574 $ 80,561 $ 11,565 $ 312,701 Other businesses, EOP 1,707 Total balance, EOP $ 314,408 Six Months Ended June 30, 2023 Net Liability for Future Policy Benefits - Benefit Reserves Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, EOP, pre-flooring $ 66,671 $ 8,225 $ 50,846 $ 53,279 $ 8,309 $ 187,330 Flooring impact, EOP 1 0 17 2 0 20 Balance, EOP, post-flooring 66,672 8,225 50,863 53,281 8,309 187,350 Less: Reinsurance recoverable 0 707 104 211 0 1,022 Balance after reinsurance recoverable, EOP, post-flooring $ 66,672 $ 7,518 $ 50,759 $ 53,070 $ 8,309 $ 186,328 Other businesses, EOP(1) 1,553 Total balance after reinsurance recoverable, EOP $ 187,881 Six Months Ended June 30, 2022 Present Value of Expected Net Premiums Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 68,791 $ 12,971 $ 39,517 $ 37,815 $ 3,585 $ 162,679 Effect of cumulative changes in discount rate assumptions, BOP (4,414) (1,892) (3,516) (3,239) (644) (13,705) Balance at original discount rate, BOP 64,377 11,079 36,001 34,576 2,941 148,974 Effect of assumption update 249 1,313 (76) (176) 49 1,359 Effect of actual variances from expected experience and other activity 282 40 (719) (274) 132 (539) Adjusted balance, BOP 64,908 12,432 35,206 34,126 3,122 149,794 Issuances 2,436 204 1,831 1,429 0 5,900 Net premiums / considerations collected (3,232) (689) (2,277) (2,215) (139) (8,552) Interest accrual 800 266 487 446 72 2,071 Foreign currency adjustment (6,646) 0 (2,644) (2,545) 0 (11,835) Other adjustments 0 (8) 121 0 0 113 Balance at original discount rate, EOP 58,266 12,205 32,724 31,241 3,055 137,491 Effect of cumulative changes in discount rate assumptions, EOP (8,098) 22 (6) (23) 70 (8,035) Balance, EOP $ 50,168 $ 12,227 $ 32,718 $ 31,218 $ 3,125 $ 129,456 Other businesses, EOP 109 Total balance, EOP $ 129,565 Six Months Ended June 30, 2022 Present Value of Expected Future Policy Benefits Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 142,593 $ 22,768 $ 109,562 $ 114,846 $ 15,810 $ 405,579 Effect of cumulative changes in discount rate assumptions, BOP (13,706) (3,876) (21,554) (13,476) (4,482) (57,094) Balance at original discount rate, BOP 128,887 18,892 88,008 101,370 11,328 348,485 Effect of assumption update (187) 1,777 (115) (164) 49 1,360 Effect of actual variances from expected experience and other activity 190 54 (795) (235) 152 (634) Adjusted balance, BOP 128,890 20,723 87,098 100,971 11,529 349,211 Issuances 2,436 204 1,831 1,429 0 5,900 Interest accrual 1,992 460 1,357 1,235 273 5,317 Benefit payments (4,880) (810) (1,642) (2,590) (119) (10,041) Foreign currency adjustment (6,842) 0 (7,250) (8,921) 0 (23,013) Other adjustments (418) (15) 243 (8) 0 (198) Balance at original discount rate, EOP 121,178 20,562 81,637 92,116 11,683 327,176 Effect of cumulative changes in discount rate assumptions, EOP (10,638) 161 2,708 (4,876) (178) (12,823) Balance, EOP $ 110,540 $ 20,723 $ 84,345 $ 87,240 $ 11,505 $ 314,353 Other businesses, EOP 2,043 Total balance, EOP $ 316,396 Six Months Ended June 30, 2022 Net Liability for Future Policy Benefits - Benefit Reserves Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, EOP, pre-flooring $ 60,372 $ 8,497 $ 51,627 $ 56,021 $ 8,380 $ 184,897 Flooring impact, EOP 44 0 102 162 0 308 Balance, EOP, post-flooring 60,416 8,497 51,729 56,183 8,380 185,205 Less: Reinsurance recoverable 0 782 128 219 0 1,129 Balance after reinsurance recoverable, EOP, post-flooring $ 60,416 $ 7,715 $ 51,601 $ 55,964 $ 8,380 $ 184,076 Other businesses, EOP(1) 1,852 Total balance after reinsurance recoverable, EOP $ 185,928 __________ (1) Reflects balance after reinsurance recoverable of $71 million and $81 million at June 30, 2023 and 2022, respectively. The following tables provide supplemental information related to the balances of and changes in Benefit Reserves included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: Six Months Ended June 30, 2023 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care ($ in millions) Undiscounted expected future gross premiums $ 114,545 $ 23,200 $ 70,654 $ 57,912 $ 6,972 Discounted expected future gross premiums (at original discount rate) $ 79,109 $ 15,427 $ 54,694 $ 46,591 $ 4,561 Discounted expected future gross premiums (at current discount rate) $ 59,307 $ 14,789 $ 54,132 $ 45,778 $ 4,444 Undiscounted expected future benefits and expenses $ 220,313 $ 31,195 $ 140,232 $ 142,232 $ 30,913 Interest accrual $ 1,408 $ 202 $ 867 $ 760 $ 215 Gross premiums $ 5,335 $ 923 $ 3,340 $ 3,174 $ 222 Weighted-average duration of the liability in years (at original discount rate) 8 10 20 19 18 Weighted-average duration of the liability in years (at current discount rate) 8 10 20 18 18 Weighted-average interest rate (at original discount rate) 4.39 % 5.18 % 3.45 % 2.57 % 4.91 % Weighted-average interest rate (at current discount rate) 5.30 % 5.28 % 2.85 % 2.75 % 5.47 % Six Months Ended June 30, 2022 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care ($ in millions) Undiscounted expected future gross premiums $ 87,851 $ 23,901 $ 75,418 $ 65,827 $ 7,122 Discounted expected future gross premiums (at original discount rate) $ 63,647 $ 15,877 $ 58,628 $ 52,470 $ 4,605 Discounted expected future gross premiums (at current discount rate) $ 54,888 $ 15,911 $ 59,093 $ 52,619 $ 4,714 Undiscounted expected future benefits and expenses $ 182,241 $ 31,885 $ 148,659 $ 157,157 $ 29,554 Interest accrual $ 1,192 $ 194 $ 870 $ 789 $ 201 Gross premiums $ 3,437 $ 947 $ 3,656 $ 3,631 $ 218 Weighted-average duration of the liability in years (at original discount rate) 9 11 21 21 19 Weighted-average duration of the liability in years (at current discount rate) 8 10 20 18 19 Weighted-average interest rate (at original discount rate) 4.19 % 5.25 % 3.44 % 2.52 % 4.91 % Weighted-average interest rate (at current discount rate) 4.68 % 4.63 % 2.61 % 2.48 % 5.02 % For additional information regarding observable market information and the techniques used to determine the interest rate assumptions seen above, see Note 2. For non-participating traditional and limited-payment products, if a cohort is in a loss position where the liability for future policy benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for the present value of expected future policy benefits and non-level claim settlement expenses, then the liability for future policy benefits is adjusted at that time, and thereafter, such that all changes, both favorable and unfavorable, in expected benefits resulting from both actual experience deviations and changes in future assumptions are recognized immediately as a gain or loss respectively. For the first six months of 2023, there was an immaterial impact to net income for non-participating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts. For the first six months of 2022, there was a $206 million charge to net income for nonparticipating traditional and limited-pay business, where net premiums exceeded gross premiums for certain issue-year cohorts, partially offset by a $90 million gain reflecting the impact of ceded reinsurance on the affected cohorts. The unfavorable impact in the first six months of 2022 is primarily due to unfavorable assumption updates related to the term life business in Individual Life. Deferred Profit Liability The balances of and changes in Deferred Profit Liability as of and for the period indicated are as follows: Six Months Ended June 30, 2023 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,532 $ 3,379 $ 5,261 $ 14,172 Flooring impact, BOP 0 0 1 1 Balance, BOP, pre-flooring 5,532 3,379 5,260 14,171 Effect of assumption update 35 (67) (228) (260) Effect of actual variances from expected experience and other activity 19 (4) (18) (3) Adjusted balance, BOP 5,586 3,308 5,014 13,908 Profits deferred 197 850 665 1,712 Interest accrual 113 71 76 260 Amortization (282) (579) (512) (1,373) Foreign currency adjustment 14 (72) (188) (246) Other adjustments 0 20 0 20 Balance, EOP, pre-flooring 5,628 3,598 5,055 14,281 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,628 3,598 5,056 14,282 Less: Reinsurance recoverable 0 8 10 18 Balance after reinsurance recoverable $ 5,628 $ 3,590 $ 5,046 14,264 Other businesses(1) 149 Total balance after reinsurance recoverable $ 14,413 Six Months Ended June 30, 2022 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,183 $ 2,741 $ 5,014 $ 12,938 Flooring impact, BOP 0 0 1 1 Balance, BOP, pre-flooring 5,183 2,741 5,013 12,937 Effect of assumption update 382 28 (5) 405 Effect of actual variances from expected experience and other activity 96 3 (49) 50 Adjusted balance, BOP 5,661 2,772 4,959 13,392 Profits deferred 21 875 759 1,655 Interest accrual 104 60 71 235 Amortization (272) (573) (526) (1,371) Foreign currency adjustment (28) (166) (363) (557) Other adjustments 0 19 (1) 18 Balance, EOP, pre-flooring 5,486 2,987 4,899 13,372 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,486 2,987 4,900 13,373 Less: Reinsurance recoverable 0 8 10 18 Balance after reinsurance recoverable $ 5,486 $ 2,979 $ 4,890 13,355 Other businesses(1) 189 Total balance after reinsurance recoverable $ 13,544 __________ (1) Reflects balance after reinsurance recoverable of $0 million and $1 million at June 30, 2023 and 2022, respectively. The following tables provide supplemental information related to the balances of and changes in Deferred Profit Liability, included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: Six Months Ended June 30, 2023 Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other (in millions) Revenue(1) $ (83) $ (291) $ 18 Interest accrual $ 113 $ 71 $ 76 Six Months Ended June 30, 2022 Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other (in millions) Revenue(1) $ (330) $ (415) $ (250) Interest accrual $ 104 $ 60 $ 71 __________ (1) Represents the gross premiums collected in changes in Deferred Profit Liability excluding impact of foreign currency adjustments. Additional Insurance Reserves AIR represents the additional liability for annuitization, death, or other insurance benefits, including GMDB and GMIB contract features, that are above and beyond the contractholder's account balance. The following table shows a rollforward of AIR balances for variable and universal life products within Individual Life, which is the only line of business that contains a material AIR balance, for the period indicated, along with a reconciliation to the Company’s total AIR balance: Six Months Ended June 30, 2023 2022 (in millions) Balance, including amounts in AOCI, BOP, post-flooring $ 12,684 $ 11,708 Flooring impact and amounts in AOCI 1,285 (909) Balance, excluding amounts in AOCI, BOP, pre-flooring 13,969 10,799 Effect of assumption update 23 2,200 Effect of actual variances from expected experience and other activity 26 (156) Adjusted balance, BOP 14,018 12,843 Assessments collected(1) 518 453 Interest accrual 239 205 Benefits paid (153) (118) Balance, excluding amounts in AOCI, EOP, pre-flooring 14,622 13,383 Flooring impact and amounts in AOCI (1,109) (869) Balance, including amounts in AOCI, EOP, post-flooring 13,513 12,514 Less: Reinsurance recoverable 5,484 5,004 Balance after reinsurance recoverable, including amounts in AOCI, EOP 8,029 7,510 Other businesses 147 165 Total balance after reinsurance recoverable $ 8,176 $ 7,675 __________ (1) Represents the portion of gross assessments required to fund the future policy benefits. Six Months Ended June 30, 2023 2022 ($ in millions) Interest accrual $ 239 $ 205 Gross assessments $ 1,547 $ 1,230 Weighted-average duration of the liability in years (at original discount rate) 22 23 Weighted-average interest rate (at original discount rate) 3.39 % 3.72 % Future Policy Benefits Reconciliation The following table presents the reconciliation of the ending balances from above rollforwards, Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability including other liabilities, gross of related reinsurance recoverable, to the total liability for Future Policy Benefits on the Company's Consolidated Statement of Financial Position as of the periods indicated: Six Months Ended June 30, 2023 2022 (in millions) Benefit reserves, EOP, post-flooring $ 188,974 $ 187,139 Deferred Profit Liability EOP, post-flooring 14,431 13,563 Additional insurance reserves, including amounts in AOCI, EOP, post-flooring 13,660 12,679 Subtotal of amounts disclosed above 217,065 213,381 Other Future Policy Benefits reserves(1) 51,584 52,709 Total Future Policy Benefits $ 268,649 $ 266,090 __________ (1) Represents balances for which disaggregated rollforward disclosures are not required, including Closed Block liabilities, unpaid claims and claims expenses, and incurred but not reported and in course of settlement claim liabilities. Revenue and Interest Expense The following tables present revenue and interest expense related to Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability, as well as related revenue and interest expense not presented in the above supplemental tables, in the Company's Consolidated Statement of Operations as of the periods indicated: Six Months Ended June 30, 2023 Revenues(1) Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 5,335 $ 923 $ 0 $ 3,340 $ 3,174 $ 273 $ 13,045 Deferred profit liability (83) 0 0 (291) 18 34 (322) Additional insurance reserves 0 0 1,547 0 0 0 1,547 Total $ 5,252 $ 923 $ 1,547 $ 3,049 $ 3,192 $ 307 $ 14,270 Six Months Ended June 30, 2022 Revenues(1) Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 3,437 $ 947 $ 0 $ 3,656 $ 3,631 $ 268 $ 11,939 Deferred profit liability (330) 0 0 (415) (250) 36 (959) Additional insurance reserves 0 0 1,230 0 0 1 1,231 Total $ 3,107 $ 947 $ 1,230 $ 3,241 $ 3,381 $ 305 $ 12,211 Six Months Ended June 30, 2023 Interest Expense Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 1,408 $ 202 $ 0 $ 867 $ 760 $ 242 $ 3,479 Deferred profit liability 113 0 0 71 76 2 262 Additional insurance reserves 0 0 239 0 0 1 240 Total $ 1,521 $ 202 $ 239 $ 938 $ 836 $ 245 $ 3,981 Six Months Ended June 30, 2022 Interest Expense Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 1,192 $ 194 $ 0 $ 870 $ 789 $ 230 $ 3,275 Deferred profit liability 104 0 0 60 71 3 238 Additional insurance reserves 0 0 205 0 0 2 207 Total $ 1,296 $ 194 $ 205 $ 930 $ 860 $ 235 $ 3,720 __________ (1) Represents "Gross Premiums" for benefit reserves, "Revenue" for deferred profit liability and "Gross Assessments" for additional insurance reserves. (2) Includes remaining balances disclosed above and balances for which disaggregated rollforward disclosures may not be presented above. The balances of and changes in policyholders' account balances as of and for the periods ended are as follows: Six Months Ended June 30, 2023 Group Insurance Retirement Strategies Individual Life International Businesses Total Life/Disability Institutional Individual Variable Individual Fixed Variable/Universal Life Life Planner Gibraltar Life and Other ($ in millions) Balance, beginning of period $ 5,839 $ 17,376 $ 17,524 $ 4,643 $ 26,502 $ 11,168 $ 35,325 $ 118,377 Deposits 523 2,513 2,230 1,206 1,190 1,150 2,818 11,630 Interest credited 84 335 148 60 391 513 354 1,885 Acquisitions and dispositions 0 0 0 0 0 0 0 0 Policy charges (161) (11) (11) (3) (1,024) (150) (87) (1,447) Surrenders and withdrawals (826) (2,295) (332) (196) (859) (96) (582) (5,186) Benefit payments 0 (272) (40) (40) (81) (137) (1,002) (1,572) Net transfers (to) from separate account 0 0 16 0 1,155 0 0 1,171 Change in market value and other adjustments(1) 0 0 1,052 70 148 14 (2) 1,282 Foreign currency adjustment 0 0 0 0 0 (798) (888) (1,686) Balance, end of period 5,459 17,646 20,587 5,740 27,422 11,664 35,936 124,454 Less: Reinsurance and other recoverable(2) 0 0 0 0 11 1 20 32 Policyholders' account balance net of reinsurance and other recoverable $ 5,459 $ 17,646 $ 20,587 $ 5,740 $ 27,411 $ 11,663 $ 35,916 $ 124,422 Closed Block Division 4,543 Unearned revenue reserve, unearned expense credit, and additional interest reserve 4,930 Other(3) 4,816 Total Policyholders' account balance $ 138,743 Weighted-average crediting rate 2.99 % 3.83 % 1.55 % 2.32 % 2.90 % 8.98 % 1.99 % 3.11 % Net amount at risk(4) $ 72,764 $ 0 $ 0 $ 0 $ 373,992 $ 17,126 $ 6,472 $ 470,354 Cash surrender value(5) $ 3,992 $ 17,646 $ 18,638 $ 4,541 $ 22,936 $ 10,046 $ 31,477 $ 109,276 Six Months Ended June 30, 2022 Group Insurance Retirement Strategies Individual Life International Businesses Total Life/Disability Institutional Individual Variable Individual Fixed Variable/Universal Life Life Planner Gibraltar Life and Other ($ in millions) Balance, beginning of period $ 6,273 $ 16,391 $ 14,125 $ 4,652 $ 26,859 $ 11,555 $ 37,615 $ 117,470 Deposits 608 2,076 2,721 71 1,279 415 1,523 8,693 Interest credited 75 255 53 53 405 (9) 232 1,064 Acquisitions and dispositions 0 0 (1,406) (440) 0 0 0 (1,846) Policy charges (162) (11) (1) (2) (1,018) (100) (53) (1,347) Surrenders and withdrawals (700) (2,240) (150) (67) (848) (100) (1,504) (5,609) Benefit payments 0 (270) (57) (86) (107) (130) (1,159) (1,809) Net transfers (to) from separate account (17) 0 185 0 264 0 0 432 Change in market value and other adjustments(1) 0 0 72 (75) (286) 16 (7) (280) Foreign currency adjustment 0 0 0 0 0 (1,525) (1,990) (3,515) Balance, end of period 6,077 16,201 15,542 4,106 26,548 10,122 34,657 113,253 Less: Reinsurance and other recoverable(2) 0 0 0 0 12 1 22 35 Policyholders' account balance net of reinsurance and other recoverable $ 6,077 $ 16,201 $ 15,542 $ 4,106 $ 26,536 $ 10,121 $ 34,635 $ 113,218 Closed Block Division 4,664 Unearned revenue reserve, unearned expense credit, and additional interest reserve 4,216 Other(3) 8,275 Total Policyholders' account balance $ 130,408 Weighted-average crediting rate 2.42 % 3.13 % 0.71 % 2.41 % 3.03 % (0.17) % 1.29 % 1.84 % Net amount at risk(4) $ 71,162 $ 0 $ 0 $ 0 $ 360,368 $ 14,518 $ 7,285 $ 453,333 Cash surrender value(5) $ 4,136 $ 16,201 $ 13,380 $ 3,079 $ 21,673 $ 8,959 $ 30,843 $ 98,271 ____________ (1) Primarily relates to changes in the value of embedded derivative instruments associated with the indexed options of certain products. (2) The amount of recoverable related to reinsurance agreements that reduce the risk of the policyholders' account balance gross liability. (3) Includes $5,832 million and $8,242 million of Full Service account balances reinsured to Great-West as of June 30, 2023 and 2022, respectively. See Note 1 for additional information. (4) The net amount at risk calculation includes both general account and separate account balances. (5) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. There are no cash surrender charges for the Institutional Retirement Strategies segment. The Company issues variable life and universal life insurance contracts which may also include a “no-lapse guarantee” where the Company contractually guarantees to the contractholder a death benefit even when the account value drops to zero, as long as the “no-lapse guarantee” premium is paid. The net amount at risk is generally defined as the current death benefit in excess of the current account balance at the balance sheet date. The Company’s primary risk exposures for these contracts relates to actual deviations from, or changes to, the assumptions used in the original pricing of these products, including contractholder mortality, contract lapses, and premium pattern, as well as interest rate and equity market returns. The Company also issues annuity contracts that provide certain death benefit and/or living benefit guarantees and are accounted for as MRBs. See Note 11 for additional information, including the net amount at risk associated with these guarantees. The balance of account values by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between rates being credited to policyholders and the respective guaranteed minimums are as follows: June 30, 2023 Range of Guaranteed Minimum Crediting Rate (1) At guaranteed minimum 1 - 50 bps above guaranteed minimum 51 - 150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total ($ in millions) Group Insurance Less than 1.00% $ 0 $ 0 $ 0 $ 1,342 $ 1,342 1.00% - 1.99% 0 0 0 0 0 2.00% - 2.99% 55 0 0 0 55 3.00% - 4.00% 1,621 0 0 0 1,621 Greater than 4.00% 3 0 0 0 3 Total $ 1,679 $ 0 $ 0 $ 1,342 $ 3,021 Institutional Less than 1.00% $ 401 $ 0 $ 0 $ 0 $ 401 1.00% - 1.99% 1,565 0 0 0 1,565 2.00% - 2.99% 557 0 0 0 557 3.00% - 4.00% 5,891 0 0 0 5,891 Greater than 4.00% 1,728 0 0 0 1,728 Total $ 10,142 $ 0 $ 0 $ 0 $ 10,142 Individual Variable Less than 1.00% $ 973 $ 834 $ 18 $ 0 $ 1,825 1.00% - 1.99% 232 2 1 0 235 2.00% - 2.99% 30 5 0 0 35 3.00% - 4.00% 2,119 8 10 0 2,137 Greater than 4.00% 101 0 0 0 101 Total $ 3,455 $ 849 $ 29 $ 0 $ 4,333 Individual Fixed Less than 1.00% $ 0 $ 0 $ 0 $ 0 $ 0 1.00% - 1.99% 559 136 245 84 1,024 2.00% - 2.99% 519 467 48 11 1,045 3.00% - 4.00% 355 8 0 0 363 Greater than 4.00% 100 0 0 0 100 Total $ 1,533 $ 611 $ 293 $ 95 $ 2,532 Variable & Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 36 $ 36 1.00% - 1.99% 164 0 2,681 363 3,208 2.00% - 2.99% 23 1,724 2,826 287 4,860 3.00% - 4.00% 7,386 2,024 1,308 11 10,729 Greater than 4.00% 5,560 0 0 0 5,560 Total $ 13,133 $ 3,748 $ 6,815 $ 697 $ 24,393 Life Planner Less than 1.00% $ 342 $ 26 $ 91 $ 1,136 $ 1,595 1.00% - 1.99% 2,915 24 0 0 2,939 2.00% - 2.99% 2,080 0 0 0 2,080 3.00% - 4.00% 333 0 0 0 333 Greater than 4.00% 388 0 0 0 388 Total $ 6,058 $ 50 $ 91 $ 1,136 $ 7,335 Gibraltar Less than 1.00% $ 16,373 $ 0 $ 0 $ 0 $ 16,373 1.00% - 1.99% 9,143 68 0 0 9,211 2.00% - 2.99% 3,225 327 39 0 3,591 3.00% - 4.00% 3,943 0 0 0 3,943 Greater than 4.00% 2,612 0 0 0 2,612 Total $ 35,296 $ 395 $ 39 $ 0 $ 35,730 June 30, 2022 Range of Guaranteed Minimum Crediting Rate (1) At guaranteed minimum 1 - 50 bps above guaranteed minimum 51 - 150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total ($ in millions) Group Insurance Less than 1.00% $ 0 $ 0 $ 0 $ 1,813 $ 1,813 1.00% - 1.99% 7 0 0 0 7 2.00% - 2.99% 54 0 0 0 54 3.00% - 4.00% 1,681 0 0 0 1,681 Greater than 4.00% 3 0 0 0 3 Total $ 1,745 $ 0 $ 0 $ 1,813 $ 3,558 Institutional Less than 1.00% $ 401 $ 0 $ 0 $ 0 $ 401 1.00% - 1.99% 1,573 0 0 0 1,573 2.00% - 2.99% 1,224 0 0 0 1,224 3.00% - 4.00% 4,676 0 0 0 4,676 Greater than 4.00% 989 0 0 0 989 Total $ 8,863 $ 0 $ 0 $ 0 $ 8,863 Individual Variable Less than 1.00% $ 1,051 $ 878 $ 19 $ 0 $ 1,948 1.00% - 1.99% 255 2 0 0 257 2.00% - 2.99% 38 0 1 0 39 3.00% - 4.00% 2,393 6 10 0 2,409 Greater than 4.00% 114 0 0 0 114 Total $ 3,851 $ 886 $ 30 $ 0 $ 4,767 Individual Fixed Less than 1.00% $ 0 $ 0 $ 0 $ 0 $ 0 1.00% - 1.99% 653 65 94 26 838 2.00% - 2.99% 477 0 0 0 477 3.00% - 4.00% 413 2 0 0 415 Greater than 4.00% 109 0 0 0 109 Total $ 1,652 $ 67 $ 94 $ 26 $ 1,839 Variable & Universal Life Less than 1.00% $ 16 $ 0 $ 0 $ 0 $ 16 1.00% - 1.99% 343 0 695 1,978 3,016 2.00% - 2.99% 397 0 2,260 2,118 4,775 3.00% - 4.00% 7,773 13 2,515 157 10,458 Greater than 4.00% 5,566 0 0 0 5,566 Total $ 14,095 $ 13 $ 5,470 $ 4,253 $ 23,831 Life Planner Less than 1.00% $ 359 $ 28 $ 97 $ 28 $ 512 1.00% - 1.99% 3,080 20 0 0 3,100 2.00% - 2.99% 2,228 0 0 0 2,228 3.00% - 4.00% 308 0 0 0 308 Greater than 4.00% 395 0 0 0 395 Total $ 6,370 $ 48 $ 97 $ 28 $ 6,543 Gibraltar Less than 1.00% $ 18,839 $ 0 $ 0 $ 0 $ 18,839 1.00% - 1.99% 10,254 0 0 0 10,254 2.00% - 2.99% 3,466 326 49 0 3,841 3.00% - 4.00% 1,157 0 0 0 1,157 Greater than 4.00% 246 0 0 0 246 Total $ 33,962 $ 326 $ 49 $ 0 $ 34,337 ____________ (1) Excludes contracts without minimum guaranteed crediting rates, such as funds with indexed-linked crediting options and Japan variable products. The following table shows a rollforward of MRB balances for variable annuity products within Individual Retirement Strategies, which is the only line of business that contains a material MRB balance, along with a reconciliation to the Company’s total net MRB positions as of the following dates: Six Months Ended June 30, 2023 2022 (in millions) Balance, BOP $ 4,987 $ 13,392 Effect of cumulative changes in NPR 1,828 898 Balance, BOP, before effect of changes in NPR 6,815 14,290 Attributed fees collected 601 734 Claims paid (59) (33) Interest accrual 173 31 Actual in force different from expected 36 61 Effect of changes in interest rates (696) (6,078) Effect of changes in equity markets (1,389) 3,669 Effect of assumption update 342 (152) Issuances 5 0 Other adjustments(1) (22) (3,993) Balance, EOP, before effect of changes in NPR 5,806 8,529 Effect of cumulative changes in NPR (1,751) (2,197) Balance, EOP 4,055 6,332 Less: Reinsured MRB 637 41 Balance, EOP, net of reinsurance 3,418 6,291 Other businesses 93 133 Total net MRB balance $ 3,511 $ 6,424 _________ (1) 2022 includes $4,061 million related to the sale of PALAC. See Note 1 for additional information. . In 2023, the Company recognized an unfavorable impact to net income attributable to the actuarial assumption update for direct and assumed MRBs, primarily due to updates to policyholder behavior assumptions on certain variable annuities. In 2022, the Company recognized a favorable impact to net income attributable to the actuarial assumption update for direct and assumed MRBs, primarily due to updates to mortality and policyholder behavior assumptions on certain variable annuities. The Company issues certain variable annuity insurance contracts where the Company contractually guarantees to the contractholder a return of no less than (1) total deposits made to the contract adjusted for any partial withdrawals plus a minimum return, and/or (2) the highest anniversary contract value on a specified date adjusted for any withdrawals. These guarantees include benefits that are payable in the event of death, annuitization or at specified dates during the accumulation period and withdrawal and income benefits payable during specified periods. The Company also issues indexed variable annuity contracts for which the return is tied to the return of specific indices where the Company contractually guarantees to the contractholder a return of no less than total dep

Policyholders' Account Balances

Policyholders' Account Balances	6 Months Ended
	Jun. 30, 2023
Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities [Abstract]
Liabilities for Future Policy Benefits	LIABILITY FOR FUTURE POLICY BENEFITS Liability for Future Policy Benefits primarily consists of the following sub-components, which are discussed in greater detail below: • Benefit Reserves; • Deferred Profit Liability; and • Additional Insurance Reserves In 2023, the Company recognized an unfavorable impact to net income attributable to the actuarial assumption update for direct and assumed Benefit Reserves and Deferred Profit Liability, net of the impact of flooring these liabilities at zero for each issue year cohort. This net impact was primarily due to updates to lapse and claim incidence assumptions on Long-Term Care policies. Additionally, the Company recognized an unfavorable impact to net income attributable to the actuarial assumption update and other refinements for direct and assumed Additional Insurance Reserves, primarily due to unfavorable model refinements, partially offset by favorable updates to economic assumptions, including expected future rates of returns on investments on universal life policies with secondary guarantees. In 2022, the Company recognized an unfavorable impact to net income attributable to the actuarial assumption update for direct and assumed Benefit Reserves and Deferred Profit Liability, net of the impact of flooring these liabilities at zero for each issue year cohort. This net impact was primarily due to updates to mortality assumptions on individual term life policies. Additionally, the Company recognized an unfavorable impact to net income attributable to the actuarial assumption update and other refinements for direct and assumed Additional Insurance Reserves, primarily due to updates to policyholder behavior assumptions on universal life policies with secondary guarantees. Benefit Reserves The balances of and changes in Benefit Reserves as of and for the periods indicated consist of the three tables presented below: Present Value of Expected Net Premiums rollforward, Present Value of Expected Future Policy Benefits rollforward, and Net Liability for Future Policy Benefits. Six Months Ended June 30, 2023 Present Value of Expected Net Premiums Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 52,620 $ 11,282 $ 30,689 $ 28,951 $ 2,932 $ 126,474 Effect of cumulative changes in discount rate assumptions, BOP 14,349 572 1,354 1,326 103 17,704 Balance at original discount rate, BOP 66,969 11,854 32,043 30,277 3,035 144,178 Effect of assumption update (1,117) (1) 78 (175) 266 (949) Effect of actual variances from expected experience and other activity 378 (81) (417) (332) 121 (331) Adjusted balance, BOP 66,230 11,772 31,704 29,770 3,422 142,898 Issuances 5,783 338 1,253 865 0 8,239 Net premiums / considerations collected (4,944) (711) (2,106) (1,928) (154) (9,843) Interest accrual 1,049 270 458 402 77 2,256 Foreign currency adjustment 3,816 0 (1,080) (1,214) 0 1,522 Other adjustments 0 0 93 0 0 93 Balance at original discount rate, EOP 71,934 11,669 30,322 27,895 3,345 145,165 Effect of cumulative changes in discount rate assumptions, EOP (18,002) (497) (594) (614) (89) (19,796) Balance, EOP $ 53,932 $ 11,172 $ 29,728 $ 27,281 $ 3,256 $ 125,369 Other businesses, EOP 85 Total balance, EOP $ 125,454 Six Months Ended June 30, 2023 Present Value of Expected Future Policy Benefits Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 117,754 $ 19,288 $ 78,639 $ 80,331 $ 10,685 $ 306,697 Effect of cumulative changes in discount rate assumptions, BOP 20,170 1,012 3,719 11,266 1,216 37,383 Balance at original discount rate, BOP 137,924 20,300 82,358 91,597 11,901 344,080 Effect of assumption update (1,289) (1) 145 44 357 (744) Effect of actual variances from expected experience and other activity 351 (96) (381) (323) 136 (313) Adjusted balance, BOP 136,986 20,203 82,122 91,318 12,394 343,023 Issuances 5,783 338 1,253 865 0 8,239 Interest accrual 2,457 472 1,325 1,162 292 5,708 Benefit payments (5,643) (779) (1,777) (2,270) (122) (10,591) Foreign currency adjustment 3,898 0 (3,243) (4,355) 0 (3,700) Other adjustments 4 (13) 179 (11) 0 159 Balance at original discount rate, EOP 143,485 20,221 79,859 86,709 12,564 342,838 Effect of cumulative changes in discount rate assumptions, EOP (22,882) (823) 715 (6,148) (999) (30,137) Balance, EOP $ 120,603 $ 19,398 $ 80,574 $ 80,561 $ 11,565 $ 312,701 Other businesses, EOP 1,707 Total balance, EOP $ 314,408 Six Months Ended June 30, 2023 Net Liability for Future Policy Benefits - Benefit Reserves Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, EOP, pre-flooring $ 66,671 $ 8,225 $ 50,846 $ 53,279 $ 8,309 $ 187,330 Flooring impact, EOP 1 0 17 2 0 20 Balance, EOP, post-flooring 66,672 8,225 50,863 53,281 8,309 187,350 Less: Reinsurance recoverable 0 707 104 211 0 1,022 Balance after reinsurance recoverable, EOP, post-flooring $ 66,672 $ 7,518 $ 50,759 $ 53,070 $ 8,309 $ 186,328 Other businesses, EOP(1) 1,553 Total balance after reinsurance recoverable, EOP $ 187,881 Six Months Ended June 30, 2022 Present Value of Expected Net Premiums Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 68,791 $ 12,971 $ 39,517 $ 37,815 $ 3,585 $ 162,679 Effect of cumulative changes in discount rate assumptions, BOP (4,414) (1,892) (3,516) (3,239) (644) (13,705) Balance at original discount rate, BOP 64,377 11,079 36,001 34,576 2,941 148,974 Effect of assumption update 249 1,313 (76) (176) 49 1,359 Effect of actual variances from expected experience and other activity 282 40 (719) (274) 132 (539) Adjusted balance, BOP 64,908 12,432 35,206 34,126 3,122 149,794 Issuances 2,436 204 1,831 1,429 0 5,900 Net premiums / considerations collected (3,232) (689) (2,277) (2,215) (139) (8,552) Interest accrual 800 266 487 446 72 2,071 Foreign currency adjustment (6,646) 0 (2,644) (2,545) 0 (11,835) Other adjustments 0 (8) 121 0 0 113 Balance at original discount rate, EOP 58,266 12,205 32,724 31,241 3,055 137,491 Effect of cumulative changes in discount rate assumptions, EOP (8,098) 22 (6) (23) 70 (8,035) Balance, EOP $ 50,168 $ 12,227 $ 32,718 $ 31,218 $ 3,125 $ 129,456 Other businesses, EOP 109 Total balance, EOP $ 129,565 Six Months Ended June 30, 2022 Present Value of Expected Future Policy Benefits Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 142,593 $ 22,768 $ 109,562 $ 114,846 $ 15,810 $ 405,579 Effect of cumulative changes in discount rate assumptions, BOP (13,706) (3,876) (21,554) (13,476) (4,482) (57,094) Balance at original discount rate, BOP 128,887 18,892 88,008 101,370 11,328 348,485 Effect of assumption update (187) 1,777 (115) (164) 49 1,360 Effect of actual variances from expected experience and other activity 190 54 (795) (235) 152 (634) Adjusted balance, BOP 128,890 20,723 87,098 100,971 11,529 349,211 Issuances 2,436 204 1,831 1,429 0 5,900 Interest accrual 1,992 460 1,357 1,235 273 5,317 Benefit payments (4,880) (810) (1,642) (2,590) (119) (10,041) Foreign currency adjustment (6,842) 0 (7,250) (8,921) 0 (23,013) Other adjustments (418) (15) 243 (8) 0 (198) Balance at original discount rate, EOP 121,178 20,562 81,637 92,116 11,683 327,176 Effect of cumulative changes in discount rate assumptions, EOP (10,638) 161 2,708 (4,876) (178) (12,823) Balance, EOP $ 110,540 $ 20,723 $ 84,345 $ 87,240 $ 11,505 $ 314,353 Other businesses, EOP 2,043 Total balance, EOP $ 316,396 Six Months Ended June 30, 2022 Net Liability for Future Policy Benefits - Benefit Reserves Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, EOP, pre-flooring $ 60,372 $ 8,497 $ 51,627 $ 56,021 $ 8,380 $ 184,897 Flooring impact, EOP 44 0 102 162 0 308 Balance, EOP, post-flooring 60,416 8,497 51,729 56,183 8,380 185,205 Less: Reinsurance recoverable 0 782 128 219 0 1,129 Balance after reinsurance recoverable, EOP, post-flooring $ 60,416 $ 7,715 $ 51,601 $ 55,964 $ 8,380 $ 184,076 Other businesses, EOP(1) 1,852 Total balance after reinsurance recoverable, EOP $ 185,928 __________ (1) Reflects balance after reinsurance recoverable of $71 million and $81 million at June 30, 2023 and 2022, respectively. The following tables provide supplemental information related to the balances of and changes in Benefit Reserves included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: Six Months Ended June 30, 2023 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care ($ in millions) Undiscounted expected future gross premiums $ 114,545 $ 23,200 $ 70,654 $ 57,912 $ 6,972 Discounted expected future gross premiums (at original discount rate) $ 79,109 $ 15,427 $ 54,694 $ 46,591 $ 4,561 Discounted expected future gross premiums (at current discount rate) $ 59,307 $ 14,789 $ 54,132 $ 45,778 $ 4,444 Undiscounted expected future benefits and expenses $ 220,313 $ 31,195 $ 140,232 $ 142,232 $ 30,913 Interest accrual $ 1,408 $ 202 $ 867 $ 760 $ 215 Gross premiums $ 5,335 $ 923 $ 3,340 $ 3,174 $ 222 Weighted-average duration of the liability in years (at original discount rate) 8 10 20 19 18 Weighted-average duration of the liability in years (at current discount rate) 8 10 20 18 18 Weighted-average interest rate (at original discount rate) 4.39 % 5.18 % 3.45 % 2.57 % 4.91 % Weighted-average interest rate (at current discount rate) 5.30 % 5.28 % 2.85 % 2.75 % 5.47 % Six Months Ended June 30, 2022 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care ($ in millions) Undiscounted expected future gross premiums $ 87,851 $ 23,901 $ 75,418 $ 65,827 $ 7,122 Discounted expected future gross premiums (at original discount rate) $ 63,647 $ 15,877 $ 58,628 $ 52,470 $ 4,605 Discounted expected future gross premiums (at current discount rate) $ 54,888 $ 15,911 $ 59,093 $ 52,619 $ 4,714 Undiscounted expected future benefits and expenses $ 182,241 $ 31,885 $ 148,659 $ 157,157 $ 29,554 Interest accrual $ 1,192 $ 194 $ 870 $ 789 $ 201 Gross premiums $ 3,437 $ 947 $ 3,656 $ 3,631 $ 218 Weighted-average duration of the liability in years (at original discount rate) 9 11 21 21 19 Weighted-average duration of the liability in years (at current discount rate) 8 10 20 18 19 Weighted-average interest rate (at original discount rate) 4.19 % 5.25 % 3.44 % 2.52 % 4.91 % Weighted-average interest rate (at current discount rate) 4.68 % 4.63 % 2.61 % 2.48 % 5.02 % For additional information regarding observable market information and the techniques used to determine the interest rate assumptions seen above, see Note 2. For non-participating traditional and limited-payment products, if a cohort is in a loss position where the liability for future policy benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for the present value of expected future policy benefits and non-level claim settlement expenses, then the liability for future policy benefits is adjusted at that time, and thereafter, such that all changes, both favorable and unfavorable, in expected benefits resulting from both actual experience deviations and changes in future assumptions are recognized immediately as a gain or loss respectively. For the first six months of 2023, there was an immaterial impact to net income for non-participating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts. For the first six months of 2022, there was a $206 million charge to net income for nonparticipating traditional and limited-pay business, where net premiums exceeded gross premiums for certain issue-year cohorts, partially offset by a $90 million gain reflecting the impact of ceded reinsurance on the affected cohorts. The unfavorable impact in the first six months of 2022 is primarily due to unfavorable assumption updates related to the term life business in Individual Life. Deferred Profit Liability The balances of and changes in Deferred Profit Liability as of and for the period indicated are as follows: Six Months Ended June 30, 2023 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,532 $ 3,379 $ 5,261 $ 14,172 Flooring impact, BOP 0 0 1 1 Balance, BOP, pre-flooring 5,532 3,379 5,260 14,171 Effect of assumption update 35 (67) (228) (260) Effect of actual variances from expected experience and other activity 19 (4) (18) (3) Adjusted balance, BOP 5,586 3,308 5,014 13,908 Profits deferred 197 850 665 1,712 Interest accrual 113 71 76 260 Amortization (282) (579) (512) (1,373) Foreign currency adjustment 14 (72) (188) (246) Other adjustments 0 20 0 20 Balance, EOP, pre-flooring 5,628 3,598 5,055 14,281 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,628 3,598 5,056 14,282 Less: Reinsurance recoverable 0 8 10 18 Balance after reinsurance recoverable $ 5,628 $ 3,590 $ 5,046 14,264 Other businesses(1) 149 Total balance after reinsurance recoverable $ 14,413 Six Months Ended June 30, 2022 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,183 $ 2,741 $ 5,014 $ 12,938 Flooring impact, BOP 0 0 1 1 Balance, BOP, pre-flooring 5,183 2,741 5,013 12,937 Effect of assumption update 382 28 (5) 405 Effect of actual variances from expected experience and other activity 96 3 (49) 50 Adjusted balance, BOP 5,661 2,772 4,959 13,392 Profits deferred 21 875 759 1,655 Interest accrual 104 60 71 235 Amortization (272) (573) (526) (1,371) Foreign currency adjustment (28) (166) (363) (557) Other adjustments 0 19 (1) 18 Balance, EOP, pre-flooring 5,486 2,987 4,899 13,372 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,486 2,987 4,900 13,373 Less: Reinsurance recoverable 0 8 10 18 Balance after reinsurance recoverable $ 5,486 $ 2,979 $ 4,890 13,355 Other businesses(1) 189 Total balance after reinsurance recoverable $ 13,544 __________ (1) Reflects balance after reinsurance recoverable of $0 million and $1 million at June 30, 2023 and 2022, respectively. The following tables provide supplemental information related to the balances of and changes in Deferred Profit Liability, included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: Six Months Ended June 30, 2023 Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other (in millions) Revenue(1) $ (83) $ (291) $ 18 Interest accrual $ 113 $ 71 $ 76 Six Months Ended June 30, 2022 Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other (in millions) Revenue(1) $ (330) $ (415) $ (250) Interest accrual $ 104 $ 60 $ 71 __________ (1) Represents the gross premiums collected in changes in Deferred Profit Liability excluding impact of foreign currency adjustments. Additional Insurance Reserves AIR represents the additional liability for annuitization, death, or other insurance benefits, including GMDB and GMIB contract features, that are above and beyond the contractholder's account balance. The following table shows a rollforward of AIR balances for variable and universal life products within Individual Life, which is the only line of business that contains a material AIR balance, for the period indicated, along with a reconciliation to the Company’s total AIR balance: Six Months Ended June 30, 2023 2022 (in millions) Balance, including amounts in AOCI, BOP, post-flooring $ 12,684 $ 11,708 Flooring impact and amounts in AOCI 1,285 (909) Balance, excluding amounts in AOCI, BOP, pre-flooring 13,969 10,799 Effect of assumption update 23 2,200 Effect of actual variances from expected experience and other activity 26 (156) Adjusted balance, BOP 14,018 12,843 Assessments collected(1) 518 453 Interest accrual 239 205 Benefits paid (153) (118) Balance, excluding amounts in AOCI, EOP, pre-flooring 14,622 13,383 Flooring impact and amounts in AOCI (1,109) (869) Balance, including amounts in AOCI, EOP, post-flooring 13,513 12,514 Less: Reinsurance recoverable 5,484 5,004 Balance after reinsurance recoverable, including amounts in AOCI, EOP 8,029 7,510 Other businesses 147 165 Total balance after reinsurance recoverable $ 8,176 $ 7,675 __________ (1) Represents the portion of gross assessments required to fund the future policy benefits. Six Months Ended June 30, 2023 2022 ($ in millions) Interest accrual $ 239 $ 205 Gross assessments $ 1,547 $ 1,230 Weighted-average duration of the liability in years (at original discount rate) 22 23 Weighted-average interest rate (at original discount rate) 3.39 % 3.72 % Future Policy Benefits Reconciliation The following table presents the reconciliation of the ending balances from above rollforwards, Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability including other liabilities, gross of related reinsurance recoverable, to the total liability for Future Policy Benefits on the Company's Consolidated Statement of Financial Position as of the periods indicated: Six Months Ended June 30, 2023 2022 (in millions) Benefit reserves, EOP, post-flooring $ 188,974 $ 187,139 Deferred Profit Liability EOP, post-flooring 14,431 13,563 Additional insurance reserves, including amounts in AOCI, EOP, post-flooring 13,660 12,679 Subtotal of amounts disclosed above 217,065 213,381 Other Future Policy Benefits reserves(1) 51,584 52,709 Total Future Policy Benefits $ 268,649 $ 266,090 __________ (1) Represents balances for which disaggregated rollforward disclosures are not required, including Closed Block liabilities, unpaid claims and claims expenses, and incurred but not reported and in course of settlement claim liabilities. Revenue and Interest Expense The following tables present revenue and interest expense related to Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability, as well as related revenue and interest expense not presented in the above supplemental tables, in the Company's Consolidated Statement of Operations as of the periods indicated: Six Months Ended June 30, 2023 Revenues(1) Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 5,335 $ 923 $ 0 $ 3,340 $ 3,174 $ 273 $ 13,045 Deferred profit liability (83) 0 0 (291) 18 34 (322) Additional insurance reserves 0 0 1,547 0 0 0 1,547 Total $ 5,252 $ 923 $ 1,547 $ 3,049 $ 3,192 $ 307 $ 14,270 Six Months Ended June 30, 2022 Revenues(1) Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 3,437 $ 947 $ 0 $ 3,656 $ 3,631 $ 268 $ 11,939 Deferred profit liability (330) 0 0 (415) (250) 36 (959) Additional insurance reserves 0 0 1,230 0 0 1 1,231 Total $ 3,107 $ 947 $ 1,230 $ 3,241 $ 3,381 $ 305 $ 12,211 Six Months Ended June 30, 2023 Interest Expense Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 1,408 $ 202 $ 0 $ 867 $ 760 $ 242 $ 3,479 Deferred profit liability 113 0 0 71 76 2 262 Additional insurance reserves 0 0 239 0 0 1 240 Total $ 1,521 $ 202 $ 239 $ 938 $ 836 $ 245 $ 3,981 Six Months Ended June 30, 2022 Interest Expense Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 1,192 $ 194 $ 0 $ 870 $ 789 $ 230 $ 3,275 Deferred profit liability 104 0 0 60 71 3 238 Additional insurance reserves 0 0 205 0 0 2 207 Total $ 1,296 $ 194 $ 205 $ 930 $ 860 $ 235 $ 3,720 __________ (1) Represents "Gross Premiums" for benefit reserves, "Revenue" for deferred profit liability and "Gross Assessments" for additional insurance reserves. (2) Includes remaining balances disclosed above and balances for which disaggregated rollforward disclosures may not be presented above. The balances of and changes in policyholders' account balances as of and for the periods ended are as follows: Six Months Ended June 30, 2023 Group Insurance Retirement Strategies Individual Life International Businesses Total Life/Disability Institutional Individual Variable Individual Fixed Variable/Universal Life Life Planner Gibraltar Life and Other ($ in millions) Balance, beginning of period $ 5,839 $ 17,376 $ 17,524 $ 4,643 $ 26,502 $ 11,168 $ 35,325 $ 118,377 Deposits 523 2,513 2,230 1,206 1,190 1,150 2,818 11,630 Interest credited 84 335 148 60 391 513 354 1,885 Acquisitions and dispositions 0 0 0 0 0 0 0 0 Policy charges (161) (11) (11) (3) (1,024) (150) (87) (1,447) Surrenders and withdrawals (826) (2,295) (332) (196) (859) (96) (582) (5,186) Benefit payments 0 (272) (40) (40) (81) (137) (1,002) (1,572) Net transfers (to) from separate account 0 0 16 0 1,155 0 0 1,171 Change in market value and other adjustments(1) 0 0 1,052 70 148 14 (2) 1,282 Foreign currency adjustment 0 0 0 0 0 (798) (888) (1,686) Balance, end of period 5,459 17,646 20,587 5,740 27,422 11,664 35,936 124,454 Less: Reinsurance and other recoverable(2) 0 0 0 0 11 1 20 32 Policyholders' account balance net of reinsurance and other recoverable $ 5,459 $ 17,646 $ 20,587 $ 5,740 $ 27,411 $ 11,663 $ 35,916 $ 124,422 Closed Block Division 4,543 Unearned revenue reserve, unearned expense credit, and additional interest reserve 4,930 Other(3) 4,816 Total Policyholders' account balance $ 138,743 Weighted-average crediting rate 2.99 % 3.83 % 1.55 % 2.32 % 2.90 % 8.98 % 1.99 % 3.11 % Net amount at risk(4) $ 72,764 $ 0 $ 0 $ 0 $ 373,992 $ 17,126 $ 6,472 $ 470,354 Cash surrender value(5) $ 3,992 $ 17,646 $ 18,638 $ 4,541 $ 22,936 $ 10,046 $ 31,477 $ 109,276 Six Months Ended June 30, 2022 Group Insurance Retirement Strategies Individual Life International Businesses Total Life/Disability Institutional Individual Variable Individual Fixed Variable/Universal Life Life Planner Gibraltar Life and Other ($ in millions) Balance, beginning of period $ 6,273 $ 16,391 $ 14,125 $ 4,652 $ 26,859 $ 11,555 $ 37,615 $ 117,470 Deposits 608 2,076 2,721 71 1,279 415 1,523 8,693 Interest credited 75 255 53 53 405 (9) 232 1,064 Acquisitions and dispositions 0 0 (1,406) (440) 0 0 0 (1,846) Policy charges (162) (11) (1) (2) (1,018) (100) (53) (1,347) Surrenders and withdrawals (700) (2,240) (150) (67) (848) (100) (1,504) (5,609) Benefit payments 0 (270) (57) (86) (107) (130) (1,159) (1,809) Net transfers (to) from separate account (17) 0 185 0 264 0 0 432 Change in market value and other adjustments(1) 0 0 72 (75) (286) 16 (7) (280) Foreign currency adjustment 0 0 0 0 0 (1,525) (1,990) (3,515) Balance, end of period 6,077 16,201 15,542 4,106 26,548 10,122 34,657 113,253 Less: Reinsurance and other recoverable(2) 0 0 0 0 12 1 22 35 Policyholders' account balance net of reinsurance and other recoverable $ 6,077 $ 16,201 $ 15,542 $ 4,106 $ 26,536 $ 10,121 $ 34,635 $ 113,218 Closed Block Division 4,664 Unearned revenue reserve, unearned expense credit, and additional interest reserve 4,216 Other(3) 8,275 Total Policyholders' account balance $ 130,408 Weighted-average crediting rate 2.42 % 3.13 % 0.71 % 2.41 % 3.03 % (0.17) % 1.29 % 1.84 % Net amount at risk(4) $ 71,162 $ 0 $ 0 $ 0 $ 360,368 $ 14,518 $ 7,285 $ 453,333 Cash surrender value(5) $ 4,136 $ 16,201 $ 13,380 $ 3,079 $ 21,673 $ 8,959 $ 30,843 $ 98,271 ____________ (1) Primarily relates to changes in the value of embedded derivative instruments associated with the indexed options of certain products. (2) The amount of recoverable related to reinsurance agreements that reduce the risk of the policyholders' account balance gross liability. (3) Includes $5,832 million and $8,242 million of Full Service account balances reinsured to Great-West as of June 30, 2023 and 2022, respectively. See Note 1 for additional information. (4) The net amount at risk calculation includes both general account and separate account balances. (5) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. There are no cash surrender charges for the Institutional Retirement Strategies segment. The Company issues variable life and universal life insurance contracts which may also include a “no-lapse guarantee” where the Company contractually guarantees to the contractholder a death benefit even when the account value drops to zero, as long as the “no-lapse guarantee” premium is paid. The net amount at risk is generally defined as the current death benefit in excess of the current account balance at the balance sheet date. The Company’s primary risk exposures for these contracts relates to actual deviations from, or changes to, the assumptions used in the original pricing of these products, including contractholder mortality, contract lapses, and premium pattern, as well as interest rate and equity market returns. The Company also issues annuity contracts that provide certain death benefit and/or living benefit guarantees and are accounted for as MRBs. See Note 11 for additional information, including the net amount at risk associated with these guarantees. The balance of account values by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between rates being credited to policyholders and the respective guaranteed minimums are as follows: June 30, 2023 Range of Guaranteed Minimum Crediting Rate (1) At guaranteed minimum 1 - 50 bps above guaranteed minimum 51 - 150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total ($ in millions) Group Insurance Less than 1.00% $ 0 $ 0 $ 0 $ 1,342 $ 1,342 1.00% - 1.99% 0 0 0 0 0 2.00% - 2.99% 55 0 0 0 55 3.00% - 4.00% 1,621 0 0 0 1,621 Greater than 4.00% 3 0 0 0 3 Total $ 1,679 $ 0 $ 0 $ 1,342 $ 3,021 Institutional Less than 1.00% $ 401 $ 0 $ 0 $ 0 $ 401 1.00% - 1.99% 1,565 0 0 0 1,565 2.00% - 2.99% 557 0 0 0 557 3.00% - 4.00% 5,891 0 0 0 5,891 Greater than 4.00% 1,728 0 0 0 1,728 Total $ 10,142 $ 0 $ 0 $ 0 $ 10,142 Individual Variable Less than 1.00% $ 973 $ 834 $ 18 $ 0 $ 1,825 1.00% - 1.99% 232 2 1 0 235 2.00% - 2.99% 30 5 0 0 35 3.00% - 4.00% 2,119 8 10 0 2,137 Greater than 4.00% 101 0 0 0 101 Total $ 3,455 $ 849 $ 29 $ 0 $ 4,333 Individual Fixed Less than 1.00% $ 0 $ 0 $ 0 $ 0 $ 0 1.00% - 1.99% 559 136 245 84 1,024 2.00% - 2.99% 519 467 48 11 1,045 3.00% - 4.00% 355 8 0 0 363 Greater than 4.00% 100 0 0 0 100 Total $ 1,533 $ 611 $ 293 $ 95 $ 2,532 Variable & Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 36 $ 36 1.00% - 1.99% 164 0 2,681 363 3,208 2.00% - 2.99% 23 1,724 2,826 287 4,860 3.00% - 4.00% 7,386 2,024 1,308 11 10,729 Greater than 4.00% 5,560 0 0 0 5,560 Total $ 13,133 $ 3,748 $ 6,815 $ 697 $ 24,393 Life Planner Less than 1.00% $ 342 $ 26 $ 91 $ 1,136 $ 1,595 1.00% - 1.99% 2,915 24 0 0 2,939 2.00% - 2.99% 2,080 0 0 0 2,080 3.00% - 4.00% 333 0 0 0 333 Greater than 4.00% 388 0 0 0 388 Total $ 6,058 $ 50 $ 91 $ 1,136 $ 7,335 Gibraltar Less than 1.00% $ 16,373 $ 0 $ 0 $ 0 $ 16,373 1.00% - 1.99% 9,143 68 0 0 9,211 2.00% - 2.99% 3,225 327 39 0 3,591 3.00% - 4.00% 3,943 0 0 0 3,943 Greater than 4.00% 2,612 0 0 0 2,612 Total $ 35,296 $ 395 $ 39 $ 0 $ 35,730 June 30, 2022 Range of Guaranteed Minimum Crediting Rate (1) At guaranteed minimum 1 - 50 bps above guaranteed minimum 51 - 150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total ($ in millions) Group Insurance Less than 1.00% $ 0 $ 0 $ 0 $ 1,813 $ 1,813 1.00% - 1.99% 7 0 0 0 7 2.00% - 2.99% 54 0 0 0 54 3.00% - 4.00% 1,681 0 0 0 1,681 Greater than 4.00% 3 0 0 0 3 Total $ 1,745 $ 0 $ 0 $ 1,813 $ 3,558 Institutional Less than 1.00% $ 401 $ 0 $ 0 $ 0 $ 401 1.00% - 1.99% 1,573 0 0 0 1,573 2.00% - 2.99% 1,224 0 0 0 1,224 3.00% - 4.00% 4,676 0 0 0 4,676 Greater than 4.00% 989 0 0 0 989 Total $ 8,863 $ 0 $ 0 $ 0 $ 8,863 Individual Variable Less than 1.00% $ 1,051 $ 878 $ 19 $ 0 $ 1,948 1.00% - 1.99% 255 2 0 0 257 2.00% - 2.99% 38 0 1 0 39 3.00% - 4.00% 2,393 6 10 0 2,409 Greater than 4.00% 114 0 0 0 114 Total $ 3,851 $ 886 $ 30 $ 0 $ 4,767 Individual Fixed Less than 1.00% $ 0 $ 0 $ 0 $ 0 $ 0 1.00% - 1.99% 653 65 94 26 838 2.00% - 2.99% 477 0 0 0 477 3.00% - 4.00% 413 2 0 0 415 Greater than 4.00% 109 0 0 0 109 Total $ 1,652 $ 67 $ 94 $ 26 $ 1,839 Variable & Universal Life Less than 1.00% $ 16 $ 0 $ 0 $ 0 $ 16 1.00% - 1.99% 343 0 695 1,978 3,016 2.00% - 2.99% 397 0 2,260 2,118 4,775 3.00% - 4.00% 7,773 13 2,515 157 10,458 Greater than 4.00% 5,566 0 0 0 5,566 Total $ 14,095 $ 13 $ 5,470 $ 4,253 $ 23,831 Life Planner Less than 1.00% $ 359 $ 28 $ 97 $ 28 $ 512 1.00% - 1.99% 3,080 20 0 0 3,100 2.00% - 2.99% 2,228 0 0 0 2,228 3.00% - 4.00% 308 0 0 0 308 Greater than 4.00% 395 0 0 0 395 Total $ 6,370 $ 48 $ 97 $ 28 $ 6,543 Gibraltar Less than 1.00% $ 18,839 $ 0 $ 0 $ 0 $ 18,839 1.00% - 1.99% 10,254 0 0 0 10,254 2.00% - 2.99% 3,466 326 49 0 3,841 3.00% - 4.00% 1,157 0 0 0 1,157 Greater than 4.00% 246 0 0 0 246 Total $ 33,962 $ 326 $ 49 $ 0 $ 34,337 ____________ (1) Excludes contracts without minimum guaranteed crediting rates, such as funds with indexed-linked crediting options and Japan variable products. The following table shows a rollforward of MRB balances for variable annuity products within Individual Retirement Strategies, which is the only line of business that contains a material MRB balance, along with a reconciliation to the Company’s total net MRB positions as of the following dates: Six Months Ended June 30, 2023 2022 (in millions) Balance, BOP $ 4,987 $ 13,392 Effect of cumulative changes in NPR 1,828 898 Balance, BOP, before effect of changes in NPR 6,815 14,290 Attributed fees collected 601 734 Claims paid (59) (33) Interest accrual 173 31 Actual in force different from expected 36 61 Effect of changes in interest rates (696) (6,078) Effect of changes in equity markets (1,389) 3,669 Effect of assumption update 342 (152) Issuances 5 0 Other adjustments(1) (22) (3,993) Balance, EOP, before effect of changes in NPR 5,806 8,529 Effect of cumulative changes in NPR (1,751) (2,197) Balance, EOP 4,055 6,332 Less: Reinsured MRB 637 41 Balance, EOP, net of reinsurance 3,418 6,291 Other businesses 93 133 Total net MRB balance $ 3,511 $ 6,424 _________ (1) 2022 includes $4,061 million related to the sale of PALAC. See Note 1 for additional information. . In 2023, the Company recognized an unfavorable impact to net income attributable to the actuarial assumption update for direct and assumed MRBs, primarily due to updates to policyholder behavior assumptions on certain variable annuities. In 2022, the Company recognized a favorable impact to net income attributable to the actuarial assumption update for direct and assumed MRBs, primarily due to updates to mortality and policyholder behavior assumptions on certain variable annuities. The Company issues certain variable annuity insurance contracts where the Company contractually guarantees to the contractholder a return of no less than (1) total deposits made to the contract adjusted for any partial withdrawals plus a minimum return, and/or (2) the highest anniversary contract value on a specified date adjusted for any withdrawals. These guarantees include benefits that are payable in the event of death, annuitization or at specified dates during the accumulation period and withdrawal and income benefits payable during specified periods. The Company also issues indexed variable annuity contracts for which the return is tied to the return of specific indices where the Company contractually guarantees to the contractholder a return of no less than total dep

Market Risk Benefits

Market Risk Benefits	6 Months Ended
	Jun. 30, 2023
Insurance [Abstract]
Market Risk Benefits	LIABILITY FOR FUTURE POLICY BENEFITS Liability for Future Policy Benefits primarily consists of the following sub-components, which are discussed in greater detail below: • Benefit Reserves; • Deferred Profit Liability; and • Additional Insurance Reserves In 2023, the Company recognized an unfavorable impact to net income attributable to the actuarial assumption update for direct and assumed Benefit Reserves and Deferred Profit Liability, net of the impact of flooring these liabilities at zero for each issue year cohort. This net impact was primarily due to updates to lapse and claim incidence assumptions on Long-Term Care policies. Additionally, the Company recognized an unfavorable impact to net income attributable to the actuarial assumption update and other refinements for direct and assumed Additional Insurance Reserves, primarily due to unfavorable model refinements, partially offset by favorable updates to economic assumptions, including expected future rates of returns on investments on universal life policies with secondary guarantees. In 2022, the Company recognized an unfavorable impact to net income attributable to the actuarial assumption update for direct and assumed Benefit Reserves and Deferred Profit Liability, net of the impact of flooring these liabilities at zero for each issue year cohort. This net impact was primarily due to updates to mortality assumptions on individual term life policies. Additionally, the Company recognized an unfavorable impact to net income attributable to the actuarial assumption update and other refinements for direct and assumed Additional Insurance Reserves, primarily due to updates to policyholder behavior assumptions on universal life policies with secondary guarantees. Benefit Reserves The balances of and changes in Benefit Reserves as of and for the periods indicated consist of the three tables presented below: Present Value of Expected Net Premiums rollforward, Present Value of Expected Future Policy Benefits rollforward, and Net Liability for Future Policy Benefits. Six Months Ended June 30, 2023 Present Value of Expected Net Premiums Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 52,620 $ 11,282 $ 30,689 $ 28,951 $ 2,932 $ 126,474 Effect of cumulative changes in discount rate assumptions, BOP 14,349 572 1,354 1,326 103 17,704 Balance at original discount rate, BOP 66,969 11,854 32,043 30,277 3,035 144,178 Effect of assumption update (1,117) (1) 78 (175) 266 (949) Effect of actual variances from expected experience and other activity 378 (81) (417) (332) 121 (331) Adjusted balance, BOP 66,230 11,772 31,704 29,770 3,422 142,898 Issuances 5,783 338 1,253 865 0 8,239 Net premiums / considerations collected (4,944) (711) (2,106) (1,928) (154) (9,843) Interest accrual 1,049 270 458 402 77 2,256 Foreign currency adjustment 3,816 0 (1,080) (1,214) 0 1,522 Other adjustments 0 0 93 0 0 93 Balance at original discount rate, EOP 71,934 11,669 30,322 27,895 3,345 145,165 Effect of cumulative changes in discount rate assumptions, EOP (18,002) (497) (594) (614) (89) (19,796) Balance, EOP $ 53,932 $ 11,172 $ 29,728 $ 27,281 $ 3,256 $ 125,369 Other businesses, EOP 85 Total balance, EOP $ 125,454 Six Months Ended June 30, 2023 Present Value of Expected Future Policy Benefits Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 117,754 $ 19,288 $ 78,639 $ 80,331 $ 10,685 $ 306,697 Effect of cumulative changes in discount rate assumptions, BOP 20,170 1,012 3,719 11,266 1,216 37,383 Balance at original discount rate, BOP 137,924 20,300 82,358 91,597 11,901 344,080 Effect of assumption update (1,289) (1) 145 44 357 (744) Effect of actual variances from expected experience and other activity 351 (96) (381) (323) 136 (313) Adjusted balance, BOP 136,986 20,203 82,122 91,318 12,394 343,023 Issuances 5,783 338 1,253 865 0 8,239 Interest accrual 2,457 472 1,325 1,162 292 5,708 Benefit payments (5,643) (779) (1,777) (2,270) (122) (10,591) Foreign currency adjustment 3,898 0 (3,243) (4,355) 0 (3,700) Other adjustments 4 (13) 179 (11) 0 159 Balance at original discount rate, EOP 143,485 20,221 79,859 86,709 12,564 342,838 Effect of cumulative changes in discount rate assumptions, EOP (22,882) (823) 715 (6,148) (999) (30,137) Balance, EOP $ 120,603 $ 19,398 $ 80,574 $ 80,561 $ 11,565 $ 312,701 Other businesses, EOP 1,707 Total balance, EOP $ 314,408 Six Months Ended June 30, 2023 Net Liability for Future Policy Benefits - Benefit Reserves Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, EOP, pre-flooring $ 66,671 $ 8,225 $ 50,846 $ 53,279 $ 8,309 $ 187,330 Flooring impact, EOP 1 0 17 2 0 20 Balance, EOP, post-flooring 66,672 8,225 50,863 53,281 8,309 187,350 Less: Reinsurance recoverable 0 707 104 211 0 1,022 Balance after reinsurance recoverable, EOP, post-flooring $ 66,672 $ 7,518 $ 50,759 $ 53,070 $ 8,309 $ 186,328 Other businesses, EOP(1) 1,553 Total balance after reinsurance recoverable, EOP $ 187,881 Six Months Ended June 30, 2022 Present Value of Expected Net Premiums Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 68,791 $ 12,971 $ 39,517 $ 37,815 $ 3,585 $ 162,679 Effect of cumulative changes in discount rate assumptions, BOP (4,414) (1,892) (3,516) (3,239) (644) (13,705) Balance at original discount rate, BOP 64,377 11,079 36,001 34,576 2,941 148,974 Effect of assumption update 249 1,313 (76) (176) 49 1,359 Effect of actual variances from expected experience and other activity 282 40 (719) (274) 132 (539) Adjusted balance, BOP 64,908 12,432 35,206 34,126 3,122 149,794 Issuances 2,436 204 1,831 1,429 0 5,900 Net premiums / considerations collected (3,232) (689) (2,277) (2,215) (139) (8,552) Interest accrual 800 266 487 446 72 2,071 Foreign currency adjustment (6,646) 0 (2,644) (2,545) 0 (11,835) Other adjustments 0 (8) 121 0 0 113 Balance at original discount rate, EOP 58,266 12,205 32,724 31,241 3,055 137,491 Effect of cumulative changes in discount rate assumptions, EOP (8,098) 22 (6) (23) 70 (8,035) Balance, EOP $ 50,168 $ 12,227 $ 32,718 $ 31,218 $ 3,125 $ 129,456 Other businesses, EOP 109 Total balance, EOP $ 129,565 Six Months Ended June 30, 2022 Present Value of Expected Future Policy Benefits Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 142,593 $ 22,768 $ 109,562 $ 114,846 $ 15,810 $ 405,579 Effect of cumulative changes in discount rate assumptions, BOP (13,706) (3,876) (21,554) (13,476) (4,482) (57,094) Balance at original discount rate, BOP 128,887 18,892 88,008 101,370 11,328 348,485 Effect of assumption update (187) 1,777 (115) (164) 49 1,360 Effect of actual variances from expected experience and other activity 190 54 (795) (235) 152 (634) Adjusted balance, BOP 128,890 20,723 87,098 100,971 11,529 349,211 Issuances 2,436 204 1,831 1,429 0 5,900 Interest accrual 1,992 460 1,357 1,235 273 5,317 Benefit payments (4,880) (810) (1,642) (2,590) (119) (10,041) Foreign currency adjustment (6,842) 0 (7,250) (8,921) 0 (23,013) Other adjustments (418) (15) 243 (8) 0 (198) Balance at original discount rate, EOP 121,178 20,562 81,637 92,116 11,683 327,176 Effect of cumulative changes in discount rate assumptions, EOP (10,638) 161 2,708 (4,876) (178) (12,823) Balance, EOP $ 110,540 $ 20,723 $ 84,345 $ 87,240 $ 11,505 $ 314,353 Other businesses, EOP 2,043 Total balance, EOP $ 316,396 Six Months Ended June 30, 2022 Net Liability for Future Policy Benefits - Benefit Reserves Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, EOP, pre-flooring $ 60,372 $ 8,497 $ 51,627 $ 56,021 $ 8,380 $ 184,897 Flooring impact, EOP 44 0 102 162 0 308 Balance, EOP, post-flooring 60,416 8,497 51,729 56,183 8,380 185,205 Less: Reinsurance recoverable 0 782 128 219 0 1,129 Balance after reinsurance recoverable, EOP, post-flooring $ 60,416 $ 7,715 $ 51,601 $ 55,964 $ 8,380 $ 184,076 Other businesses, EOP(1) 1,852 Total balance after reinsurance recoverable, EOP $ 185,928 __________ (1) Reflects balance after reinsurance recoverable of $71 million and $81 million at June 30, 2023 and 2022, respectively. The following tables provide supplemental information related to the balances of and changes in Benefit Reserves included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: Six Months Ended June 30, 2023 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care ($ in millions) Undiscounted expected future gross premiums $ 114,545 $ 23,200 $ 70,654 $ 57,912 $ 6,972 Discounted expected future gross premiums (at original discount rate) $ 79,109 $ 15,427 $ 54,694 $ 46,591 $ 4,561 Discounted expected future gross premiums (at current discount rate) $ 59,307 $ 14,789 $ 54,132 $ 45,778 $ 4,444 Undiscounted expected future benefits and expenses $ 220,313 $ 31,195 $ 140,232 $ 142,232 $ 30,913 Interest accrual $ 1,408 $ 202 $ 867 $ 760 $ 215 Gross premiums $ 5,335 $ 923 $ 3,340 $ 3,174 $ 222 Weighted-average duration of the liability in years (at original discount rate) 8 10 20 19 18 Weighted-average duration of the liability in years (at current discount rate) 8 10 20 18 18 Weighted-average interest rate (at original discount rate) 4.39 % 5.18 % 3.45 % 2.57 % 4.91 % Weighted-average interest rate (at current discount rate) 5.30 % 5.28 % 2.85 % 2.75 % 5.47 % Six Months Ended June 30, 2022 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care ($ in millions) Undiscounted expected future gross premiums $ 87,851 $ 23,901 $ 75,418 $ 65,827 $ 7,122 Discounted expected future gross premiums (at original discount rate) $ 63,647 $ 15,877 $ 58,628 $ 52,470 $ 4,605 Discounted expected future gross premiums (at current discount rate) $ 54,888 $ 15,911 $ 59,093 $ 52,619 $ 4,714 Undiscounted expected future benefits and expenses $ 182,241 $ 31,885 $ 148,659 $ 157,157 $ 29,554 Interest accrual $ 1,192 $ 194 $ 870 $ 789 $ 201 Gross premiums $ 3,437 $ 947 $ 3,656 $ 3,631 $ 218 Weighted-average duration of the liability in years (at original discount rate) 9 11 21 21 19 Weighted-average duration of the liability in years (at current discount rate) 8 10 20 18 19 Weighted-average interest rate (at original discount rate) 4.19 % 5.25 % 3.44 % 2.52 % 4.91 % Weighted-average interest rate (at current discount rate) 4.68 % 4.63 % 2.61 % 2.48 % 5.02 % For additional information regarding observable market information and the techniques used to determine the interest rate assumptions seen above, see Note 2. For non-participating traditional and limited-payment products, if a cohort is in a loss position where the liability for future policy benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for the present value of expected future policy benefits and non-level claim settlement expenses, then the liability for future policy benefits is adjusted at that time, and thereafter, such that all changes, both favorable and unfavorable, in expected benefits resulting from both actual experience deviations and changes in future assumptions are recognized immediately as a gain or loss respectively. For the first six months of 2023, there was an immaterial impact to net income for non-participating traditional and limited-payment products, where net premiums exceeded gross premiums for certain issue-year cohorts. For the first six months of 2022, there was a $206 million charge to net income for nonparticipating traditional and limited-pay business, where net premiums exceeded gross premiums for certain issue-year cohorts, partially offset by a $90 million gain reflecting the impact of ceded reinsurance on the affected cohorts. The unfavorable impact in the first six months of 2022 is primarily due to unfavorable assumption updates related to the term life business in Individual Life. Deferred Profit Liability The balances of and changes in Deferred Profit Liability as of and for the period indicated are as follows: Six Months Ended June 30, 2023 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,532 $ 3,379 $ 5,261 $ 14,172 Flooring impact, BOP 0 0 1 1 Balance, BOP, pre-flooring 5,532 3,379 5,260 14,171 Effect of assumption update 35 (67) (228) (260) Effect of actual variances from expected experience and other activity 19 (4) (18) (3) Adjusted balance, BOP 5,586 3,308 5,014 13,908 Profits deferred 197 850 665 1,712 Interest accrual 113 71 76 260 Amortization (282) (579) (512) (1,373) Foreign currency adjustment 14 (72) (188) (246) Other adjustments 0 20 0 20 Balance, EOP, pre-flooring 5,628 3,598 5,055 14,281 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,628 3,598 5,056 14,282 Less: Reinsurance recoverable 0 8 10 18 Balance after reinsurance recoverable $ 5,628 $ 3,590 $ 5,046 14,264 Other businesses(1) 149 Total balance after reinsurance recoverable $ 14,413 Six Months Ended June 30, 2022 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,183 $ 2,741 $ 5,014 $ 12,938 Flooring impact, BOP 0 0 1 1 Balance, BOP, pre-flooring 5,183 2,741 5,013 12,937 Effect of assumption update 382 28 (5) 405 Effect of actual variances from expected experience and other activity 96 3 (49) 50 Adjusted balance, BOP 5,661 2,772 4,959 13,392 Profits deferred 21 875 759 1,655 Interest accrual 104 60 71 235 Amortization (272) (573) (526) (1,371) Foreign currency adjustment (28) (166) (363) (557) Other adjustments 0 19 (1) 18 Balance, EOP, pre-flooring 5,486 2,987 4,899 13,372 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,486 2,987 4,900 13,373 Less: Reinsurance recoverable 0 8 10 18 Balance after reinsurance recoverable $ 5,486 $ 2,979 $ 4,890 13,355 Other businesses(1) 189 Total balance after reinsurance recoverable $ 13,544 __________ (1) Reflects balance after reinsurance recoverable of $0 million and $1 million at June 30, 2023 and 2022, respectively. The following tables provide supplemental information related to the balances of and changes in Deferred Profit Liability, included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: Six Months Ended June 30, 2023 Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other (in millions) Revenue(1) $ (83) $ (291) $ 18 Interest accrual $ 113 $ 71 $ 76 Six Months Ended June 30, 2022 Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other (in millions) Revenue(1) $ (330) $ (415) $ (250) Interest accrual $ 104 $ 60 $ 71 __________ (1) Represents the gross premiums collected in changes in Deferred Profit Liability excluding impact of foreign currency adjustments. Additional Insurance Reserves AIR represents the additional liability for annuitization, death, or other insurance benefits, including GMDB and GMIB contract features, that are above and beyond the contractholder's account balance. The following table shows a rollforward of AIR balances for variable and universal life products within Individual Life, which is the only line of business that contains a material AIR balance, for the period indicated, along with a reconciliation to the Company’s total AIR balance: Six Months Ended June 30, 2023 2022 (in millions) Balance, including amounts in AOCI, BOP, post-flooring $ 12,684 $ 11,708 Flooring impact and amounts in AOCI 1,285 (909) Balance, excluding amounts in AOCI, BOP, pre-flooring 13,969 10,799 Effect of assumption update 23 2,200 Effect of actual variances from expected experience and other activity 26 (156) Adjusted balance, BOP 14,018 12,843 Assessments collected(1) 518 453 Interest accrual 239 205 Benefits paid (153) (118) Balance, excluding amounts in AOCI, EOP, pre-flooring 14,622 13,383 Flooring impact and amounts in AOCI (1,109) (869) Balance, including amounts in AOCI, EOP, post-flooring 13,513 12,514 Less: Reinsurance recoverable 5,484 5,004 Balance after reinsurance recoverable, including amounts in AOCI, EOP 8,029 7,510 Other businesses 147 165 Total balance after reinsurance recoverable $ 8,176 $ 7,675 __________ (1) Represents the portion of gross assessments required to fund the future policy benefits. Six Months Ended June 30, 2023 2022 ($ in millions) Interest accrual $ 239 $ 205 Gross assessments $ 1,547 $ 1,230 Weighted-average duration of the liability in years (at original discount rate) 22 23 Weighted-average interest rate (at original discount rate) 3.39 % 3.72 % Future Policy Benefits Reconciliation The following table presents the reconciliation of the ending balances from above rollforwards, Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability including other liabilities, gross of related reinsurance recoverable, to the total liability for Future Policy Benefits on the Company's Consolidated Statement of Financial Position as of the periods indicated: Six Months Ended June 30, 2023 2022 (in millions) Benefit reserves, EOP, post-flooring $ 188,974 $ 187,139 Deferred Profit Liability EOP, post-flooring 14,431 13,563 Additional insurance reserves, including amounts in AOCI, EOP, post-flooring 13,660 12,679 Subtotal of amounts disclosed above 217,065 213,381 Other Future Policy Benefits reserves(1) 51,584 52,709 Total Future Policy Benefits $ 268,649 $ 266,090 __________ (1) Represents balances for which disaggregated rollforward disclosures are not required, including Closed Block liabilities, unpaid claims and claims expenses, and incurred but not reported and in course of settlement claim liabilities. Revenue and Interest Expense The following tables present revenue and interest expense related to Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability, as well as related revenue and interest expense not presented in the above supplemental tables, in the Company's Consolidated Statement of Operations as of the periods indicated: Six Months Ended June 30, 2023 Revenues(1) Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 5,335 $ 923 $ 0 $ 3,340 $ 3,174 $ 273 $ 13,045 Deferred profit liability (83) 0 0 (291) 18 34 (322) Additional insurance reserves 0 0 1,547 0 0 0 1,547 Total $ 5,252 $ 923 $ 1,547 $ 3,049 $ 3,192 $ 307 $ 14,270 Six Months Ended June 30, 2022 Revenues(1) Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 3,437 $ 947 $ 0 $ 3,656 $ 3,631 $ 268 $ 11,939 Deferred profit liability (330) 0 0 (415) (250) 36 (959) Additional insurance reserves 0 0 1,230 0 0 1 1,231 Total $ 3,107 $ 947 $ 1,230 $ 3,241 $ 3,381 $ 305 $ 12,211 Six Months Ended June 30, 2023 Interest Expense Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 1,408 $ 202 $ 0 $ 867 $ 760 $ 242 $ 3,479 Deferred profit liability 113 0 0 71 76 2 262 Additional insurance reserves 0 0 239 0 0 1 240 Total $ 1,521 $ 202 $ 239 $ 938 $ 836 $ 245 $ 3,981 Six Months Ended June 30, 2022 Interest Expense Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 1,192 $ 194 $ 0 $ 870 $ 789 $ 230 $ 3,275 Deferred profit liability 104 0 0 60 71 3 238 Additional insurance reserves 0 0 205 0 0 2 207 Total $ 1,296 $ 194 $ 205 $ 930 $ 860 $ 235 $ 3,720 __________ (1) Represents "Gross Premiums" for benefit reserves, "Revenue" for deferred profit liability and "Gross Assessments" for additional insurance reserves. (2) Includes remaining balances disclosed above and balances for which disaggregated rollforward disclosures may not be presented above. The balances of and changes in policyholders' account balances as of and for the periods ended are as follows: Six Months Ended June 30, 2023 Group Insurance Retirement Strategies Individual Life International Businesses Total Life/Disability Institutional Individual Variable Individual Fixed Variable/Universal Life Life Planner Gibraltar Life and Other ($ in millions) Balance, beginning of period $ 5,839 $ 17,376 $ 17,524 $ 4,643 $ 26,502 $ 11,168 $ 35,325 $ 118,377 Deposits 523 2,513 2,230 1,206 1,190 1,150 2,818 11,630 Interest credited 84 335 148 60 391 513 354 1,885 Acquisitions and dispositions 0 0 0 0 0 0 0 0 Policy charges (161) (11) (11) (3) (1,024) (150) (87) (1,447) Surrenders and withdrawals (826) (2,295) (332) (196) (859) (96) (582) (5,186) Benefit payments 0 (272) (40) (40) (81) (137) (1,002) (1,572) Net transfers (to) from separate account 0 0 16 0 1,155 0 0 1,171 Change in market value and other adjustments(1) 0 0 1,052 70 148 14 (2) 1,282 Foreign currency adjustment 0 0 0 0 0 (798) (888) (1,686) Balance, end of period 5,459 17,646 20,587 5,740 27,422 11,664 35,936 124,454 Less: Reinsurance and other recoverable(2) 0 0 0 0 11 1 20 32 Policyholders' account balance net of reinsurance and other recoverable $ 5,459 $ 17,646 $ 20,587 $ 5,740 $ 27,411 $ 11,663 $ 35,916 $ 124,422 Closed Block Division 4,543 Unearned revenue reserve, unearned expense credit, and additional interest reserve 4,930 Other(3) 4,816 Total Policyholders' account balance $ 138,743 Weighted-average crediting rate 2.99 % 3.83 % 1.55 % 2.32 % 2.90 % 8.98 % 1.99 % 3.11 % Net amount at risk(4) $ 72,764 $ 0 $ 0 $ 0 $ 373,992 $ 17,126 $ 6,472 $ 470,354 Cash surrender value(5) $ 3,992 $ 17,646 $ 18,638 $ 4,541 $ 22,936 $ 10,046 $ 31,477 $ 109,276 Six Months Ended June 30, 2022 Group Insurance Retirement Strategies Individual Life International Businesses Total Life/Disability Institutional Individual Variable Individual Fixed Variable/Universal Life Life Planner Gibraltar Life and Other ($ in millions) Balance, beginning of period $ 6,273 $ 16,391 $ 14,125 $ 4,652 $ 26,859 $ 11,555 $ 37,615 $ 117,470 Deposits 608 2,076 2,721 71 1,279 415 1,523 8,693 Interest credited 75 255 53 53 405 (9) 232 1,064 Acquisitions and dispositions 0 0 (1,406) (440) 0 0 0 (1,846) Policy charges (162) (11) (1) (2) (1,018) (100) (53) (1,347) Surrenders and withdrawals (700) (2,240) (150) (67) (848) (100) (1,504) (5,609) Benefit payments 0 (270) (57) (86) (107) (130) (1,159) (1,809) Net transfers (to) from separate account (17) 0 185 0 264 0 0 432 Change in market value and other adjustments(1) 0 0 72 (75) (286) 16 (7) (280) Foreign currency adjustment 0 0 0 0 0 (1,525) (1,990) (3,515) Balance, end of period 6,077 16,201 15,542 4,106 26,548 10,122 34,657 113,253 Less: Reinsurance and other recoverable(2) 0 0 0 0 12 1 22 35 Policyholders' account balance net of reinsurance and other recoverable $ 6,077 $ 16,201 $ 15,542 $ 4,106 $ 26,536 $ 10,121 $ 34,635 $ 113,218 Closed Block Division 4,664 Unearned revenue reserve, unearned expense credit, and additional interest reserve 4,216 Other(3) 8,275 Total Policyholders' account balance $ 130,408 Weighted-average crediting rate 2.42 % 3.13 % 0.71 % 2.41 % 3.03 % (0.17) % 1.29 % 1.84 % Net amount at risk(4) $ 71,162 $ 0 $ 0 $ 0 $ 360,368 $ 14,518 $ 7,285 $ 453,333 Cash surrender value(5) $ 4,136 $ 16,201 $ 13,380 $ 3,079 $ 21,673 $ 8,959 $ 30,843 $ 98,271 ____________ (1) Primarily relates to changes in the value of embedded derivative instruments associated with the indexed options of certain products. (2) The amount of recoverable related to reinsurance agreements that reduce the risk of the policyholders' account balance gross liability. (3) Includes $5,832 million and $8,242 million of Full Service account balances reinsured to Great-West as of June 30, 2023 and 2022, respectively. See Note 1 for additional information. (4) The net amount at risk calculation includes both general account and separate account balances. (5) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. There are no cash surrender charges for the Institutional Retirement Strategies segment. The Company issues variable life and universal life insurance contracts which may also include a “no-lapse guarantee” where the Company contractually guarantees to the contractholder a death benefit even when the account value drops to zero, as long as the “no-lapse guarantee” premium is paid. The net amount at risk is generally defined as the current death benefit in excess of the current account balance at the balance sheet date. The Company’s primary risk exposures for these contracts relates to actual deviations from, or changes to, the assumptions used in the original pricing of these products, including contractholder mortality, contract lapses, and premium pattern, as well as interest rate and equity market returns. The Company also issues annuity contracts that provide certain death benefit and/or living benefit guarantees and are accounted for as MRBs. See Note 11 for additional information, including the net amount at risk associated with these guarantees. The balance of account values by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between rates being credited to policyholders and the respective guaranteed minimums are as follows: June 30, 2023 Range of Guaranteed Minimum Crediting Rate (1) At guaranteed minimum 1 - 50 bps above guaranteed minimum 51 - 150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total ($ in millions) Group Insurance Less than 1.00% $ 0 $ 0 $ 0 $ 1,342 $ 1,342 1.00% - 1.99% 0 0 0 0 0 2.00% - 2.99% 55 0 0 0 55 3.00% - 4.00% 1,621 0 0 0 1,621 Greater than 4.00% 3 0 0 0 3 Total $ 1,679 $ 0 $ 0 $ 1,342 $ 3,021 Institutional Less than 1.00% $ 401 $ 0 $ 0 $ 0 $ 401 1.00% - 1.99% 1,565 0 0 0 1,565 2.00% - 2.99% 557 0 0 0 557 3.00% - 4.00% 5,891 0 0 0 5,891 Greater than 4.00% 1,728 0 0 0 1,728 Total $ 10,142 $ 0 $ 0 $ 0 $ 10,142 Individual Variable Less than 1.00% $ 973 $ 834 $ 18 $ 0 $ 1,825 1.00% - 1.99% 232 2 1 0 235 2.00% - 2.99% 30 5 0 0 35 3.00% - 4.00% 2,119 8 10 0 2,137 Greater than 4.00% 101 0 0 0 101 Total $ 3,455 $ 849 $ 29 $ 0 $ 4,333 Individual Fixed Less than 1.00% $ 0 $ 0 $ 0 $ 0 $ 0 1.00% - 1.99% 559 136 245 84 1,024 2.00% - 2.99% 519 467 48 11 1,045 3.00% - 4.00% 355 8 0 0 363 Greater than 4.00% 100 0 0 0 100 Total $ 1,533 $ 611 $ 293 $ 95 $ 2,532 Variable & Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 36 $ 36 1.00% - 1.99% 164 0 2,681 363 3,208 2.00% - 2.99% 23 1,724 2,826 287 4,860 3.00% - 4.00% 7,386 2,024 1,308 11 10,729 Greater than 4.00% 5,560 0 0 0 5,560 Total $ 13,133 $ 3,748 $ 6,815 $ 697 $ 24,393 Life Planner Less than 1.00% $ 342 $ 26 $ 91 $ 1,136 $ 1,595 1.00% - 1.99% 2,915 24 0 0 2,939 2.00% - 2.99% 2,080 0 0 0 2,080 3.00% - 4.00% 333 0 0 0 333 Greater than 4.00% 388 0 0 0 388 Total $ 6,058 $ 50 $ 91 $ 1,136 $ 7,335 Gibraltar Less than 1.00% $ 16,373 $ 0 $ 0 $ 0 $ 16,373 1.00% - 1.99% 9,143 68 0 0 9,211 2.00% - 2.99% 3,225 327 39 0 3,591 3.00% - 4.00% 3,943 0 0 0 3,943 Greater than 4.00% 2,612 0 0 0 2,612 Total $ 35,296 $ 395 $ 39 $ 0 $ 35,730 June 30, 2022 Range of Guaranteed Minimum Crediting Rate (1) At guaranteed minimum 1 - 50 bps above guaranteed minimum 51 - 150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total ($ in millions) Group Insurance Less than 1.00% $ 0 $ 0 $ 0 $ 1,813 $ 1,813 1.00% - 1.99% 7 0 0 0 7 2.00% - 2.99% 54 0 0 0 54 3.00% - 4.00% 1,681 0 0 0 1,681 Greater than 4.00% 3 0 0 0 3 Total $ 1,745 $ 0 $ 0 $ 1,813 $ 3,558 Institutional Less than 1.00% $ 401 $ 0 $ 0 $ 0 $ 401 1.00% - 1.99% 1,573 0 0 0 1,573 2.00% - 2.99% 1,224 0 0 0 1,224 3.00% - 4.00% 4,676 0 0 0 4,676 Greater than 4.00% 989 0 0 0 989 Total $ 8,863 $ 0 $ 0 $ 0 $ 8,863 Individual Variable Less than 1.00% $ 1,051 $ 878 $ 19 $ 0 $ 1,948 1.00% - 1.99% 255 2 0 0 257 2.00% - 2.99% 38 0 1 0 39 3.00% - 4.00% 2,393 6 10 0 2,409 Greater than 4.00% 114 0 0 0 114 Total $ 3,851 $ 886 $ 30 $ 0 $ 4,767 Individual Fixed Less than 1.00% $ 0 $ 0 $ 0 $ 0 $ 0 1.00% - 1.99% 653 65 94 26 838 2.00% - 2.99% 477 0 0 0 477 3.00% - 4.00% 413 2 0 0 415 Greater than 4.00% 109 0 0 0 109 Total $ 1,652 $ 67 $ 94 $ 26 $ 1,839 Variable & Universal Life Less than 1.00% $ 16 $ 0 $ 0 $ 0 $ 16 1.00% - 1.99% 343 0 695 1,978 3,016 2.00% - 2.99% 397 0 2,260 2,118 4,775 3.00% - 4.00% 7,773 13 2,515 157 10,458 Greater than 4.00% 5,566 0 0 0 5,566 Total $ 14,095 $ 13 $ 5,470 $ 4,253 $ 23,831 Life Planner Less than 1.00% $ 359 $ 28 $ 97 $ 28 $ 512 1.00% - 1.99% 3,080 20 0 0 3,100 2.00% - 2.99% 2,228 0 0 0 2,228 3.00% - 4.00% 308 0 0 0 308 Greater than 4.00% 395 0 0 0 395 Total $ 6,370 $ 48 $ 97 $ 28 $ 6,543 Gibraltar Less than 1.00% $ 18,839 $ 0 $ 0 $ 0 $ 18,839 1.00% - 1.99% 10,254 0 0 0 10,254 2.00% - 2.99% 3,466 326 49 0 3,841 3.00% - 4.00% 1,157 0 0 0 1,157 Greater than 4.00% 246 0 0 0 246 Total $ 33,962 $ 326 $ 49 $ 0 $ 34,337 ____________ (1) Excludes contracts without minimum guaranteed crediting rates, such as funds with indexed-linked crediting options and Japan variable products. The following table shows a rollforward of MRB balances for variable annuity products within Individual Retirement Strategies, which is the only line of business that contains a material MRB balance, along with a reconciliation to the Company’s total net MRB positions as of the following dates: Six Months Ended June 30, 2023 2022 (in millions) Balance, BOP $ 4,987 $ 13,392 Effect of cumulative changes in NPR 1,828 898 Balance, BOP, before effect of changes in NPR 6,815 14,290 Attributed fees collected 601 734 Claims paid (59) (33) Interest accrual 173 31 Actual in force different from expected 36 61 Effect of changes in interest rates (696) (6,078) Effect of changes in equity markets (1,389) 3,669 Effect of assumption update 342 (152) Issuances 5 0 Other adjustments(1) (22) (3,993) Balance, EOP, before effect of changes in NPR 5,806 8,529 Effect of cumulative changes in NPR (1,751) (2,197) Balance, EOP 4,055 6,332 Less: Reinsured MRB 637 41 Balance, EOP, net of reinsurance 3,418 6,291 Other businesses 93 133 Total net MRB balance $ 3,511 $ 6,424 _________ (1) 2022 includes $4,061 million related to the sale of PALAC. See Note 1 for additional information. . In 2023, the Company recognized an unfavorable impact to net income attributable to the actuarial assumption update for direct and assumed MRBs, primarily due to updates to policyholder behavior assumptions on certain variable annuities. In 2022, the Company recognized a favorable impact to net income attributable to the actuarial assumption update for direct and assumed MRBs, primarily due to updates to mortality and policyholder behavior assumptions on certain variable annuities. The Company issues certain variable annuity insurance contracts where the Company contractually guarantees to the contractholder a return of no less than (1) total deposits made to the contract adjusted for any partial withdrawals plus a minimum return, and/or (2) the highest anniversary contract value on a specified date adjusted for any withdrawals. These guarantees include benefits that are payable in the event of death, annuitization or at specified dates during the accumulation period and withdrawal and income benefits payable during specified periods. The Company also issues indexed variable annuity contracts for which the return is tied to the return of specific indices where the Company contractually guarantees to the contractholder a return of no less than total dep

Reinsurance

Reinsurance	6 Months Ended
	Jun. 30, 2023
Insurance [Abstract]
Reinsurance	REINSURANCE The Company participates in reinsurance with third parties primarily to provide additional capacity for future growth, limit the maximum net loss potential arising from large risks and acquire or dispose of businesses. Effective April 2023, the Company entered into an agreement with The Ohio National Life Insurance Company, an affiliate of Constellation Insurance Holdings, Inc., to reinsure approximately $10 billion of account values of Prudential Defined Income (“PDI”) traditional variable annuity contracts with guaranteed living benefits issued by Pruco Life Insurance Company (“Pruco Life”), a wholly-owned subsidiary of Prudential Financial. This block represents approximately 10% of the Company’s remaining legacy in-force traditional variable annuity block by account value. The Company ceded 100% of separate account liabilities under modified coinsurance and 100% of general account liabilities under coinsurance of its Pruco Life issued PDI traditional variable annuity contracts. The general account liabilities associated with PDI’s guaranteed living and death benefits and the corresponding reinsurance of those liabilities are accounted for as market risk benefits. As a result of the transaction, the Company recognized a $309 million deferred reinsurance gain that will be amortized into income over the estimated remaining life of the reinsured policies. Effective April 2022, in connection with the sale of the Full Service Retirement business, the Company entered into separate agreements with external counterparties, Empower Annuity Insurance Company of America & Empower Life & Annuity Insurance Company of New York, to reinsure a portion of its Full Service Retirement business. The Company ceded 100% of separate account liabilities under modified coinsurance and 100% of general account liabilities under coinsurance of its Full Service Retirement business. The Company’s Full Service Retirement business consists of market value and stable value separate accounts as well as general account products, including stable value accumulation funds and a stable value wrap product known as a synthetic guaranteed investment contract. The majority of these products are considered investment contracts as they do not contain significant insurance risk; therefore, the reinsurance of such products are accounted for under deposit accounting. The reinsurance agreement offers the policyholders the opportunity to novate their contracts from the Company to Empower and any such novated contracts shall cease to be reinsured under this agreement. Effective April 2022, in connection with the sale of the PALAC legal entity, now known as Fortitude Life Insurance and Annuity Company (“FLIAC”), the Company entered into a reinsurance agreement with FLIAC under which the Company assumed all of FLIAC’s indexed variable annuities. The reinsurance of the indexed variable annuities transfers all significant risks, including mortality risk, embedded in the reinsured contracts. As a result of the agreement, reinsurance recoverables includes the assumed modified coinsurance agreement, which reflects the value of the invested assets retained by FLIAC and the associated asset returns. The Company also assumed all of FLIAC’s fixed indexed annuities with a guaranteed lifetime withdrawal income feature, which are accounted for under deposit accounting. The reinsurance agreement offers the policyholders the opportunity to novate their contracts from FLIAC to the Company and any such novated contracts shall cease to be reinsured under this agreement. Effective April 2015, the Company entered into an agreement with Union Hamilton Reinsurance, Ltd. (“Union Hamilton”) an external counterparty, to reinsure approximately 50% of the Prudential Premier® Retirement Variable Annuity with Highest Daily Lifetime Income (“HDI”) v.3.0 business, a guaranteed benefit feature. This reinsurance agreement covered most new HDI v.3.0 variable annuity business issued between April 1, 2015 and December 31, 2016 on a quota share basis, with Union Hamilton’s cumulative quota share amounting to $2.9 billion of new rider premiums as of December 31, 2016. Reinsurance on business subject to this agreement remains in force for the duration of the underlying annuity contracts. New sales subsequent to December 31, 2016 are not covered by this external reinsurance agreement. This reinsurance agreement is accounted for as an embedded derivative. In January 2013, the Company acquired the Hartford Life Business through reinsurance transactions with three subsidiaries of Hartford Financial Services Group, Inc. (“Hartford Financial”). Under the related agreements, the Company provided reinsurance for approximately 700,000 life insurance policies with net retained face amount in force of approximately $141 billion. The Company acquired the general account business through a coinsurance arrangement and, for certain types of general account policies, a modified coinsurance arrangement. The Company acquired the separate account business through a modified coinsurance arrangement. In May 2018, Hartford Financial sold a group of operating subsidiaries, which included two of the Company’s counterparties to these reinsurance arrangements, to Talcott Resolution Life Insurance Company (“Talcott Resolution”). Talcott Resolution was acquired by Sixth Street in July 2021. There was no impact to the terms, rights or obligations of the Company, or operation of these reinsurance arrangements, as a result of these changes in control of such counterparties. Since 2011, the Company has entered into a number of reinsurance agreements to assume pension liabilities in the United Kingdom. Under these arrangements, the Company assumes the longevity risk, and in some arrangements, also the investment risk associated with the pension benefits of certain specified beneficiaries. In 2006, the Company acquired the variable annuity business of The Allstate Corporation (“Allstate”) through a reinsurance transaction. The reinsurance arrangements with Allstate include a coinsurance arrangement associated with the general account liabilities assumed and a modified coinsurance arrangement associated with the separate account liabilities assumed. The reinsurance payable, which represents the Company’s obligation under the modified coinsurance arrangement, is netted with the reinsurance receivable in the Consolidated Statements of Financial Position. During the fourth quarter of 2021, Allstate sold the two counterparties to the aforementioned variable annuity reinsurance transaction to third parties. There was no impact to the terms, rights or obligations of the Company, or operation of these reinsurance arrangements, as a result of this change in control of such counterparties. For the domestic business, life and disability reinsurance is accomplished through various plans of reinsurance, primarily yearly renewable term, per person excess, excess of loss, and coinsurance. On policies sold since 2000, the Company has reinsured a significant portion of the individual life mortality risk. Placement of reinsurance is accomplished primarily on an automatic basis with some specific risks reinsured on a facultative basis. The Company is authorized and has historically retained up to $30 million per life, but reduced its operating retention limit to $20 million per life in 2013 and then down to $10 million per life for new business starting in 2020. Retention in excess of the operating limit is on an exception basis. The international business primarily uses reinsurance to obtain experience with respect to certain new product offerings and to a lesser extent, to mitigate mortality risk for certain protection products and for capital management purposes. Reinsurance amounts included in the Consolidated Statements of Operations for premiums, policy charges and fee income, change in value of market risk benefits, net of related hedging gains (losses), policyholders’ benefits and change in estimates of liability for future policy benefits, are as follows: Six Months Ended June 30, 2023 2022 (in millions) Direct premiums $ 14,989 $ 13,294 Reinsurance assumed 2,422 2,072 Reinsurance ceded (1,139) (1,200) Premiums $ 16,272 $ 14,166 Direct policy charges and fee income $ 1,893 $ 1,921 Reinsurance assumed 615 619 Reinsurance ceded (301) (266) Policy charges and fee income $ 2,207 $ 2,274 Direct change in value of market risk benefits, net of related hedging gains (losses) $ 88 $ (817) Reinsurance assumed 83 (76) Reinsurance ceded (80) (87) Change in value of market risk benefits, net of related hedging gains (losses) $ 91 $ (980) Direct policyholders’ benefits $ 15,858 $ 15,164 Reinsurance assumed 3,787 3,203 Reinsurance ceded (1,680) (1,634) Policyholders’ benefits $ 17,965 $ 16,733 Direct change in estimates of liability for future policy benefits $ 429 $ 1,501 Reinsurance assumed (146) 470 Reinsurance ceded (3) (1,339) Change in estimates of liability for future policy benefits $ 280 $ 632 Reinsurance recoverables, are as follows: June 30, 2023 December 31, 2022 (in millions) Individual and group annuities(1) $ 1,728 $ 2,078 Life insurance(2) 8,377 7,981 Other reinsurance 412 358 Total reinsurance recoverables(3) $ 10,517 $ 10,417 __________ (1) Primarily represents reinsurance recoverables established under the reinsurance agreement with FLIAC in which the Company assumed all of FLIAC’s indexed variable annuities of $1,673 million and $1,986 million as of June 30, 2023 and December 31, 2022, respectively. (2) Includes reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the Hartford Life Business of $2,082 million and $2,041 million as of June 30, 2023 and December 31, 2022, respectively. The Company has also recorded reinsurance payables related to the Hartford Life Business acquisition of $1,330 million and $1,327 million as of June 30, 2023 and December 31, 2022, respectively. (3) Net of $(17) million and $(15) million of loss allowance as of June 30, 2023 and December 31, 2022, respectively. Excluding the reinsurance recoverables associated with the acquisition of the Hartford Life Business, four major reinsurance companies account for approximately 59% of the Company’s reinsurance recoverables as of June 30, 2023. The Company periodically reviews the financial condition of its reinsurers, amounts recoverable therefrom, and unearned reinsurance premium, in order to reduce its exposure to loss from reinsurer insolvencies. Any expected credit losses are reflected in the CECL allowance, after considering any collateral the Company obtained in the form of a trust, letter of credit, or funds withheld arrangement. See Note 2 for additional details regarding CECL. Under the Company’s international longevity reinsurance transactions, the Company obtains collateral from its counterparties to mitigate counterparty default risk.

Closed Block

Closed Block	6 Months Ended
	Jun. 30, 2023
Closed Block Disclosure [Abstract]
Closed Block	CLOSED BLOCK On December 18, 2001, the date of demutualization, The Prudential Insurance Company of America (“PICA”) established a closed block for certain in-force participating insurance policies and annuity products, along with corresponding assets used for the payment of benefits and policyholders’ dividends on these products, (collectively the “Closed Block”), and ceased offering these participating products. The recorded assets and liabilities were allocated to the Closed Block at their historical carrying amounts. The Closed Block forms the principal component of the Closed Block division. For additional information regarding the Closed Block, see Note 15 to the Company’s Consolidated Financial Statements included in the Annual Report on Form 10-K for the year ended December 31, 2022. As of June 30, 2023, the Company recognized a policyholder dividend obligation of $3,145 million to Closed Block policyholders for the excess of actual cumulative earnings over expected cumulative earnings. Additionally, accumulated net unrealized investment gains (losses) were reflected as a policyholder dividend obligation of $(2,753) million at June 30, 2023 with a corresponding amount reported in AOCI. At December 31, 2022, the Company recognized a policyholder dividend obligation of $3,207 million to Closed Block policyholders for the excess of actual cumulative earnings over the expected cumulative earnings; however, due to accumulated net unrealized investment losses in excess of this amount, the policyholder dividend obligation balance as of December 31, 2022 was reduced to zero. As of June 30, 2023, the Closed Block has sufficient funds to make guaranteed policy benefit payments and there is no expectation that assets outside of the Closed Block will be needed to fund future payments. The excess of Closed Block liabilities over Closed Block assets as of the end of the reporting period shown in the table below is a reasonable measure of the margin in the reported liabilities compared to best estimate liabilities assuming the current dividend scale. Closed Block liabilities and assets designated to the Closed Block, as well as maximum future earnings to be recognized from these liabilities and assets, are as follows: June 30, December 31, (in millions) Closed Block liabilities Future policy benefits $ 43,884 $ 44,414 Policyholders’ dividends payable 614 617 Policyholders’ dividend obligation 392 0 Policyholders’ account balances 4,543 4,607 Other Closed Block liabilities 3,292 3,499 Total Closed Block liabilities 52,725 53,137 Closed Block assets Fixed maturities, available-for-sale, at fair value 29,923 29,898 Fixed maturities, trading, at fair value 851 900 Equity securities, at fair value 1,975 1,733 Commercial mortgage and other loans 7,716 7,926 Policy loans 3,548 3,637 Other invested assets 4,775 4,254 Short-term investments 323 337 Total investments 49,111 48,685 Cash and cash equivalents 621 1,307 Accrued investment income 410 402 Other Closed Block assets 128 162 Total Closed Block assets 50,270 50,556 Excess of reported Closed Block liabilities over Closed Block assets 2,455 2,581 Portion of above representing accumulated other comprehensive income (loss): Net unrealized investment gains (losses) (2,912) (3,458) Allocated to policyholder dividend obligation 2,753 3,207 Future earnings to be recognized from Closed Block assets and Closed Block liabilities $ 2,296 $ 2,330 Information regarding the policyholder dividend obligation is as follows: Six Months Ended (in millions) Balance, December 31, 2022 $ 0 Impact from earnings allocable to policyholder dividend obligation (62) Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation 454 Balance, June 30, 2023 $ 392 Closed Block revenues and benefits and expenses are as follows for the periods indicated: Three Months Ended Six Months Ended 2023 2022 2023 2022 (in millions) Revenues Premiums $ 430 $ 442 $ 836 $ 850 Net investment income 498 523 977 1,079 Realized investment gains (losses), net (113) (60) (130) 40 Other income (loss) 140 (373) 240 (471) Total Closed Block revenues 955 532 1,923 1,498 Benefits and Expenses Policyholders’ benefits 610 637 1,182 1,261 Interest credited to policyholders’ account balances 29 30 59 60 Dividends to policyholders 292 (228) 594 (17) General and administrative expenses 71 75 144 148 Total Closed Block benefits and expenses 1,002 514 1,979 1,452 Closed Block revenues, net of Closed Block benefits and expenses, before income taxes (47) 18 (56) 46 Income tax expense (benefit) (54) (10) (86) (9) Closed Block revenues, net of Closed Block benefits and expenses and income taxes $ 7 $ 28 $ 30 $ 55

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The Company uses a full year projected effective tax rate approach to calculate year-to-date taxes. In determining the full year projected tax rate, the Company considers the realizability of deferred tax assets, including those associated with unrealized investment losses, and has determined based upon the weight of available evidence that no valuation allowance is necessary related to unrealized investment losses. In addition, certain items impacting total income tax expense are recorded in the periods in which they occur. The projected effective tax rate is the ratio of projected “Total income tax expense” divided by projected “Income before income taxes and equity in earnings of operating joint ventures.” Taxes attributable to operating joint ventures are recorded within “Equity in earnings of operating joint ventures, net of taxes.” The interim period tax expense (or benefit) is the difference between the year-to-date income tax provision and the amounts reported for the previous interim periods of the fiscal year. The Company’s income tax provision, on a consolidated basis, amounted to an income tax expense of $505 million, or 20.5% of income (loss) before income taxes and equity in earnings of operating joint ventures, in the first six months of 2023, compared to an income tax benefit of $(263) million, or 15.2%, in the first six months of 2022. The Company’s current and prior effective tax rates differ from the U.S. statutory rate of 21% primarily due to non-taxable investment income, tax credits, foreign earnings taxed at higher rates than the U.S. statutory rate, and the items discussed below. Foreign Tax Credit Regulations. The Treasury Department and the IRS published Final Regulations in the Federal Register on January 4, 2022, which affect the creditability of certain foreign taxes for U.S. federal income tax purposes. The Final Regulations create uncertainty as to whether a U.S. foreign tax credit may be claimed for taxes paid to Brazil. The ability to claim a foreign tax credit for taxes paid to Brazil impacts the benefit of the election made pursuant to Internal Revenue Code Section 952 to subject earnings from the Company’s insurance operations in Brazil to tax in the U.S. in the tax year earned, net of related foreign tax credits. As a result, a $18 million tax expense is reflected as part of the Company’s results for the first six months of 2022. The Final Regulations are complex and have broad application that may also impact the creditability of taxes paid to other foreign jurisdictions, and their full impact to the Company is still being evaluated. GILTI High Tax Exclusion. On July 20, 2020, the U.S. Treasury and the Internal Revenue Service issued Final Regulations which allows an annual election to exclude from the U.S. tax return certain GILTI amounts when the taxes paid by a foreign affiliate exceed 18.9% (90% of U.S. statutory rate of 21%) of the GILTI amount for that foreign affiliate (the “high-tax exception”). These regulations are effective for the 2021 taxable year with an election to apply to any taxable year beginning after 2017. In many of the countries in which the Company operates, including Japan and Brazil, there are differences between local tax rules used to determine the tax base and the U.S. tax principles used to determine GILTI. Also, the Company’s Japan affiliates have a different tax year than the U.S. calendar tax year used to determine GILTI; therefore, while many of the countries, including Japan, have a statutory tax rate above the 18.9% threshold, separate affiliates may not meet the 18.9% threshold each year and, as such, may not qualify for this annual exclusion. The Company anticipates making the high-tax exception election for the 2022 and 2023 tax years and reflected the impact of the election in its full year projected effective tax rate used to calculate year-to-date taxes for the first six months of 2022 and 2023. Inflation Reduction Act. On August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022 (the “Inflation Reduction Act”). One of the most significant provisions of the Inflation Reduction Act is a 15% alternative minimum tax based on the Company’s GAAP income, with certain adjustments. This provision, which is applicable only to companies with average applicable financial statement income over $1 billion for any three-year period ending in 2022 or later, is effective in taxable years beginning after December 31, 2022. The impact of the book-income alternative minimum tax, if any, will vary from year to year based on the relationship of the Company’s GAAP income to the Company’s taxable income. Any tax paid pursuant to this provision is available as a tax credit in future years when the Company’s tax rate exceeds the 15% minimum tax threshold.

Short-Term and Long-Term Debt

Short-Term and Long-Term Debt	1 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Short-Term and Long-Term Debt	SHORT-TERM AND LONG-TERM DEBT Short-term Debt The table below presents the Company’s short-term debt as of the dates indicated: June 30, 2023 December 31, 2022 ($ in millions) Commercial paper: Prudential Financial $ 25 $ 25 Prudential Funding, LLC 469 413 Subtotal commercial paper 494 438 Current portion of long-term debt: Senior Notes 173 173 Mortgage debt 83 155 Surplus notes subject to set-off arrangements(1) 500 500 Subtotal current portion of long-term debt 756 828 Other(2) 13 9 Subtotal 1,263 1,275 Less: assets under set-off arrangements(1) 500 500 Total short-term debt(3) $ 763 $ 775 Supplemental short-term debt information: Portion of commercial paper borrowings due overnight $ 80 $ 130 Daily average commercial paper outstanding for the quarter ended $ 1,258 $ 1,312 Weighted average maturity of outstanding commercial paper, in days 29 98 Weighted average interest rate on outstanding commercial paper 5.16 % 4.69 % _________ (1) The surplus notes have corresponding assets where rights to set-off exist, thereby reducing the amount of surplus notes included in short-term debt. (2) Includes $13 million and $9 million drawn on a revolving line of credit held by a subsidiary at June 30, 2023 and December 31, 2022, respectively. (3) Includes Prudential Financial debt of $25 million at both June 30, 2023 and December 31, 2022. Prudential Financial and certain subsidiaries have access to external sources of liquidity, including membership in the Federal Home Loan Bank of New York (“FHLBNY”), commercial paper programs and contingent financing facilities in the f orm of a put option agreement and facility agreement. The Company also maintains syndicated, unsecured committed credit facilities as an alternative source of liquidity. At June 30, 2023, no amounts were drawn on these syndicated, unsecured committed credit facilities. For additional information regarding these sources of liquidity, see Note 17 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. Long-term Debt The table below presents the Company’s long-term debt as of the dates indicated: June 30, 2023 December 31, 2022 (in millions) Fixed-rate obligations: Surplus notes $ 345 $ 345 Surplus notes subject to set-off arrangements(1) 9,460 9,460 Senior notes 10,113 10,115 Mortgage debt 25 25 Floating-rate obligations: Line of credit 230 300 Surplus notes subject to set-off arrangements(1) 2,330 2,330 Mortgage debt(2) 74 29 Junior subordinated notes(3) 8,089 9,094 Subtotal 30,666 31,698 Less: assets under set-off arrangements(1) 11,790 11,790 Total long-term debt(4) $ 18,876 $ 19,908 __________ (1) The surplus notes have corresponding assets where rights to set-off exist, thereby reducing the amount of surplus notes included in long-term debt. (2) Includes $27 million and $29 million of debt denominated in foreign currency at June 30, 2023 and December 31, 2022, respectively. (3) Includes Prudential Financial debt of $8,046 million and $9,047 million at June 30, 2023 and December 31, 2022, respectively. Also includes subsidiary debt of $43 million and $47 million denominated in foreign currency at June 30, 2023 and December 31, 2022, respectively. (4) Includes Prudential Financial debt of $18,159 million and $19,162 million at June 30, 2023 and December 31, 2022, respectively. At June 30, 2023 and December 31, 2022, the Company was in compliance with all debt covenants related to the borrowings in the table above. Facility Agreements for Senior Debt Issuances In March 2023, Prudential Financial entered into ten-year and thirty-year facility agreements with two Delaware trusts upon the completion of the sale of $1.5 billion of trust securities by the trusts in a Rule 144A private placement. The trusts invested the proceeds from the sale of the trust securities in portfolios of principal and/or interest strips of U.S. Treasury securities. The facility agreements provide Prudential Financial the right to issue and sell to the trusts from time to time up to $800 million of 5.791% senior notes due February 15, 2033, and $700 million of 5.997% senior notes due February 15, 2053, and receive in exchange a corresponding amount of the U.S. Treasury securities held by the trusts. In return, the Company agreed to pay semi-annual facility fees to the trusts at rates of 1.815% and 2.066% per annum for the ten-year and thirty-year facility, respectively, applied to the maximum amount of senior notes that the Company could issue and sell to the trusts. The right to issue senior notes described above will be exercised automatically in full upon the Company’s failure to make certain payments to the trusts, such as paying the facility fee or reimbursing the trusts for their expenses, if the Company’s failure to pay is not cured within 30 days, and upon an event involving its bankruptcy. The Company is also required to exercise this issuance right if its consolidated stockholders’ equity, calculated in accordance with U.S. GAAP but excluding AOCI, falls below $9.0 billion, subject to adjustment in certain cases. Prior to any involuntary exercise of the issuance right, the Company has the right to repurchase any of its senior notes then held by the trusts in exchange for U.S. Treasury securities. Finally, Prudential Financial may redeem any outstanding senior notes, in whole or in part, prior to February 15, 2033 and February 15, 2053 for the ten-year and thirty-year facility, respectively, at a redemption price equal to the greater of par or a make-whole price, or thereafter, redeem the senior notes, in whole or in part, at par. Junior Subordinated Notes In February 2023, the Company issued $500 million in aggregate principal amount of 6.750% fixed-to-fixed reset rate junior subordinated notes due in March 2053. In June 2023, the Company redeemed $1.5 billion in aggregate principal amount of 5.625% fixed to floating rate junior subordinated notes due in 2043.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Jun. 30, 2023
Retirement Benefits [Abstract]
Employee Benefit Plans	EMPLOYEE BENEFIT PLANS Pension and Other Postretirement Plans The Company has funded and non-funded non-contributory defined benefit pension plans (“Pension Benefits”), which cover substantially all of its employees. For some employees, benefits are based on final average earnings and length of service (the “traditional formula”), while benefits for other employees are based on an account balance that takes into consideration age, length of service and earnings during their career (the “cash balance formula”). The Company provides certain health care and life insurance benefits for its retired employees, their beneficiaries and covered dependents (“Other Postretirement Benefits”). The health care plan is contributory; the life insurance plan is non-contributory. Substantially all of the Company’s U.S. employees may become eligible to receive certain other postretirement benefits if they retire after age 55 with at least 10 years of service or under certain circumstances after age 50 with at least 20 years of continuous service. Net periodic (benefit) cost included in “General and administrative expenses” includes the following components: Three Months Ended June 30, Pension Benefits Other Postretirement Benefits 2023 2022 2023 2022 (in millions) Components of net periodic (benefit) cost: Service cost $ 52 $ 66 $ 3 $ 3 Interest cost 138 112 18 15 Expected return on plan assets (232) (218) (22) (25) Amortization of prior service cost 0 0 (2) (2) Amortization of actuarial (gain) loss, net 17 36 2 2 Settlements 1 0 0 0 Curtailments(1) 0 0 0 (8) Special termination benefits(2) 0 3 0 4 Net periodic (benefit) cost $ (24) $ (1) $ (1) $ (11) Six Months Ended June 30, Pension Benefits Other Postretirement Benefits 2023 2022 2023 2022 (in millions) Components of net periodic (benefit) cost: Service cost $ 103 $ 146 $ 5 $ 7 Interest cost 276 209 36 27 Expected return on plan assets (463) (431) (43) (52) Amortization of prior service cost 0 0 (4) (4) Amortization of actuarial (gain) loss, net 34 87 5 3 Settlements 1 1 0 0 Curtailments(1) 0 0 0 (8) Special termination benefits(2) 0 4 0 4 Net periodic (benefit) cost $ (49) $ 16 $ (1) $ (23) __________ (1) For 2022, curtailments were recognized for other postretirement benefit plans as a result of the sale of the Full Service Retirement business. (2) For 2022, certain employees were provided special termination benefits under non-qualified plans in the form of unreduced early retirement benefits as a result of their involuntary termination while others were provided enhanced benefits due to the sale of the Full Service Retirement business.

Equity

Equity	6 Months Ended
	Jun. 30, 2023
Stockholders' Equity Note [Abstract]
Equity	EQUITY The changes in the number of shares of Common Stock issued, held in treasury and outstanding, are as follows for the periods indicated: Common Stock Issued Held In Outstanding (in millions) Balance, December 31, 2022 666.3 300.3 366.0 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 5.7 (5.7) Stock-based compensation programs(1) 0.0 (3.2) 3.2 Balance, June 30, 2023 666.3 302.8 363.5 __________ (1) Represents net shares issued from treasury pursuant to the Company’s stock-based compensation programs. In February 2023, Prudential Financial’s Board of Directors (the “Board”) authorized the Company to repurchase at management’s discretion up to $1.0 billion of its outstanding Common Stock during the period from January 1, 2023 through December 31, 2023. As of June 30, 2023, 5.7 million shares of the Company’s Common Stock were repurchased under this authorization at a total cost of $500 million. The timing and amount of share repurchases are determined by management based upon market conditions and other considerations, and repurchases may be executed in the open market, through derivative, accelerated repurchase and other negotiated transactions and through prearranged trading plans complying with Rule 10b5-1(c) under the Securities Exchange Act of 1934 (the “Exchange Act”). Numerous factors could affect the timing and amount of any future repurchases under the share repurchase authorization, including, but not limited to: compliance with laws, increased capital needs of the Company due to changes in regulatory capital requirements, opportunities for growth and acquisitions, and the effect of adverse market conditions. Dividends declared per share of Common Stock are as follows for the periods indicated: Three Months Ended Six Months Ended 2023 2022 2023 2022 Dividends declared per share of Common Stock $ 1.25 $ 1.20 $ 2.50 $ 2.40 Accumulated Other Comprehensive Income (Loss) AOCI represents the cumulative OCI items that are reported separate from net income and detailed on the Unaudited Interim Consolidated Statements of Comprehensive Income. The balance of and changes in each component of AOCI as of and for the six months ended June 30, 2023 and 2022, are as follows: Accumulated Other Comprehensive Income (Loss) Attributable to Foreign Net Unrealized Interest rate remeasurement of Liability for Future Policy Benefits Gains (losses) from Changes in Non-performance Risk on Market Risk Benefits Pension and Total (in millions) Balance, December 31, 2022 $ (2,274) $ (16,195) $ 15,242 $ 1,448 $ (2,027) $ (3,806) Change in OCI before reclassifications (359) 5,184 (8,901) (77) 10 (4,143) Amounts reclassified from AOCI 1 381 0 0 35 417 Income tax benefit (expense) (87) (1,358) 2,324 16 (12) 883 Balance, June 30, 2023 $ (2,719) $ (11,988) $ 8,665 $ 1,387 $ (1,994) $ (6,649) Accumulated Other Comprehensive Income (Loss) Attributable to Foreign Net Unrealized Interest rate remeasurement of Liability for Future Policy Benefits Gains (losses) from Changes in Non-performance Risk on Market Risk Benefits Pension and Total (in millions) Balance, December 31, 2021 $ (1,107) $ 26,640 $ (33,220) $ 707 $ (2,513) $ (9,493) Change in OCI before reclassifications (1,309) (42,390) 48,618 1,307 367 6,593 Amounts reclassified from AOCI 9 403 0 0 86 498 Income tax benefit (expense) (84) 9,670 (11,511) (275) (101) (2,301) Balance, June 30, 2022 $ (2,491) $ (5,677) $ 3,887 $ 1,739 $ (2,161) $ (4,703) __________ (1) Includes cash flow hedges of $2,097 million and $2,616 million as of June 30, 2023 and December 31, 2022, respectively, and $2,446 million and $1,019 million as of June 30, 2022 and December 31, 2021, respectively, and fair value hedges of $(149) million and $(54) million as of June 30, 2023 and December 31, 2022, respectively, and $27 million and $(35) million as of June 30, 2022 and December 31, 2021, respectively. Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended Six Months Ended Affected line item in Consolidated Statements of Operations 2023 2022 2023 2022 (in millions) Amounts reclassified from AOCI(1)(2): Foreign currency translation adjustment: Foreign currency translation adjustments $ (1) $ 1 $ (1) $ (9) Realized investment gains (losses), net Net unrealized investment gains (losses): Cash flow hedges—Interest rate (6) (1) (29) (5) (3) Cash flow hedges—Currency 3 3 8 4 (3) Cash flow hedges—Currency/Interest rate 26 503 65 657 (3) Fair value hedges—Currency (2) 0 (4) (2) (3) Net unrealized investment gains (losses) on available-for-sale securities (266) (646) (421) (1,057) Realized investment gains (losses), net Total net unrealized investment gains (losses) (245) (141) (381) (403) (4) Amortization of defined benefit items: Prior service cost 2 2 4 4 (5) Actuarial gain (loss) (19) (38) (39) (90) (5) Total amortization of defined benefit items (17) (36) (35) (86) Total reclassifications for the period $ (263) $ (176) $ (417) $ (498) __________ (1) All amounts are shown before tax. (2) Positive amounts indicate gains/benefits reclassified out of AOCI. Negative amounts indicate losses/costs reclassified out of AOCI. (3) See Note 5 for additional information regarding cash flow and fair value hedges. (4) See table below for additional information regarding unrealized investment gains (losses), including the impact on deferred policy acquisition and other costs, future policy benefits and policyholders’ dividends. (5) See Note 16 for information regarding employee benefit plans. Net Unrealized Investment Gains (Losses) Net unrealized investment gains (losses) on available-for-sale fixed maturity securities and certain other invested assets and other assets are included in the Company’s Unaudited Interim Consolidated Statements of Financial Position as a component of AOCI. Changes in these amounts include reclassification adjustments to exclude from “Other comprehensive income (loss)” those items that are included as part of “Net income (loss)” for a period that had been part of “Other comprehensive income (loss)” in earlier periods. The amounts for the periods indicated below, split between amounts related to available-for-sale fixed maturity securities on which an allowance for credit losses has been recorded, and all other net unrealized investment gains (losses), are as follows: Net Unrealized Investment Gains (Losses) on Available-for-Sale Fixed Maturity Securities on Which an Allowance for Credit Losses has been Recorded Net Unrealized Reinsurance Recoverables Future Policy Policyholders’ Income Tax Benefit (Expense) Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses) (in millions) Balance, December 31, 2022 $ (45) $ (24,959) $ (703) $ 1,946 $ 3,194 $ 4,372 $ (16,195) Net investment gains (losses) on investments arising during the period 33 5,773 (1,396) 4,410 Reclassification adjustment for (gains) losses included in net income (13) 394 (92) 289 Reclassification due to allowance for credit losses recorded during the period (43) 43 0 0 Impact of net unrealized investment (gains) losses 71 (252) (441) 130 (492) Balance, June 30, 2023 $ (68) $ (18,749) $ (632) $ 1,694 $ 2,753 $ 3,014 $ (11,988) __________ (1) Includes cash flow and fair value hedges. See Note 5 for additional information.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE A reconciliation of the numerators and denominators of the basic and diluted per share computations of Common Stock based on the consolidated earnings of Prudential Financial for the periods indicated is as follows: Three Months Ended June 30, 2023 2022 Income Weighted Per Share Income Weighted Per Share (in millions, except per share amounts) Basic earnings per share Net income (loss) $ 496 $ (1,017) Less: Income (loss) attributable to noncontrolling interests (15) (7) Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards 6 6 Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 505 364.8 $ 1.38 $ (1,016) 374.4 $ (2.71) Effect of dilutive securities and compensation programs Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic $ 6 $ 6 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted 6 6 Stock options 0.2 0.0 Deferred and long-term compensation programs 1.1 0.0 Diluted earnings per share(1) Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 505 366.1 $ 1.38 $ (1,016) 374.4 $ (2.71) __________ (1) For the three months ended June 30, 2022, weighted average shares for basic earnings per share is also used for calculating diluted earnings per share because dilutive shares and dilutive earnings per share are not applicable when a net loss is reported. As a result of the net loss attributable to Prudential Financial available to holders of Common Stock for the three months ended June 30, 2022, all potential stock options and compensation programs were considered antidilutive. Six Months Ended June 30, 2023 2022 Income Weighted Per Share Income Weighted Per Share (in millions, except per share amounts) Basic earnings per share Net income (loss) $ 1,973 $ (1,523) Less: Income (loss) attributable to noncontrolling interests 0 (20) Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards 24 13 Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 1,949 365.7 $ 5.33 $ (1,516) 375.3 $ (4.04) Effect of dilutive securities and compensation programs Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic $ 24 $ 13 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted 24 13 Stock options 0.2 0.0 Deferred and long-term compensation programs 1.0 0.0 Diluted earnings per share(1) Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 1,949 366.9 $ 5.31 $ (1,516) 375.3 $ (4.04) __________ (1) For the six months ended June 30, 2022, weighted average shares for basic earnings per share is also used for calculating diluted earnings per share because dilutive shares and dilutive earnings per share are not applicable when a net loss is reported. As a result of the net loss attributable to Prudential Financial available to holders of Common Stock for the six months ended June 30, 2022, all potential stock options and compensation programs were considered antidilutive. Unvested share-based payment awards that contain nonforfeitable rights to dividends are participating securities and included in the computation of earnings per share pursuant to the two-class method. Under this method, earnings attributable to Prudential Financial are allocated between Common Stock and the participating awards, as if the awards were a second class of stock. During periods of net income available to holders of Common Stock, the calculation of earnings per share excludes the income attributable to participating securities in the numerator and the dilutive impact of these securities from the denominator. In the event of a net loss available to holders of Common Stock, undistributed earnings are not allocated to participating securities and the denominator excludes the dilutive impact of these securities as they do not share in the losses of the Company. Undistributed earnings allocated to participating unvested share-based payment awards for the three months ended June 30, 2023 and 2022, as applicable, were based on 4.1 million and 4.9 million of such awards, respectively, and for the six months ended June 30, 2023 and 2022, as applicable, were based on 4.1 million and 5.0 million of such awards, respectively, weighted for the period they were outstanding. Stock options and shares related to deferred and long-term compensation programs that are considered antidilutive are excluded from the computation of diluted earnings per share. Stock options are considered antidilutive based on application of the treasury stock method or in the event of a net loss available to holders of Common Stock. Shares related to deferred and long-term compensation programs are considered antidilutive in the event of a net loss available to holders of Common Stock. For the periods indicated, the number of stock options and shares related to deferred and long-term compensation programs that were considered antidilutive and were excluded from the computation of diluted earnings per share, weighted for the portion of the period they were outstanding, are as follows: Three Months Ended June 30, 2023 2022 Shares Exercise Price Shares Exercise Price (in millions, except per share amounts, based on weighted average) Antidilutive stock options based on application of the treasury stock method 1.7 $ 99.74 $ 0.7 $ 108.67 Antidilutive stock options due to net loss available to holders of Common Stock 0.0 0.4 Antidilutive shares based on application of the treasury stock method 0.3 0.2 Antidilutive shares due to net loss available to holders of Common Stock 0.0 2.3 Total antidilutive stock options and shares 2.0 3.6 Six Months Ended June 30, 2023 2022 Shares Exercise Price Shares Exercise Price (in millions, except per share amounts, based on weighted average) Antidilutive stock options based on application of the treasury stock method 1.4 $ 101.12 $ 0.3 $ 108.67 Antidilutive stock options due to net loss available to holders of Common Stock 0.0 0.6 Antidilutive shares based on application of the treasury stock method 0.2 0.2 Antidilutive shares due to net loss available to holders of Common Stock 0.0 2.2 Total antidilutive stock options and shares 1.6 3.3

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION Segments The Company’s principal operations consist of PGIM (the Company’s global investment management business), the U.S. Businesses (consisting of the Retirement Strategies, Group Insurance and Individual Life businesses), the International Businesses, the Closed Block division, and the Company’s Corporate and Other operations. The Closed Block division is accounted for as a divested business that is reported separately from the Divested and Run-off Businesses that are included in Corporate and Other operations. Divested and Run-off Businesses consist of businesses that have been, or will be, sold or exited, including businesses that have been placed in wind-down status that do not qualify for “discontinued operations” accounting treatment under U.S. GAAP. As discussed in Note 1, effective January 1, 2023, AIQ is now included within Corporate and Other operations. Also effective January 1, 2023, Prudential Advisors, which was previously part of the Individual Life segment, is now included within Corporate and Other operations. There are no impacts to the Company's consolidated financial statements from these reporting changes and historical segment results have been updated to conform to the current period presentation. Adjusted Operating Income The Company analyzes the operating performance of each segment using “adjusted operating income.” Adjusted operating income does not equate to “Income (loss) before income taxes and equity in earnings of operating joint ventures” or “Net income (loss)” as determined in accordance with U.S. GAAP but is the measure of segment profit or loss used by the Company’s chief operating decision maker to evaluate segment performance and allocate resources, and consistent with authoritative guidance, is the measure of segment performance presented below. Adjusted operating income is calculated by adjusting each segment’s “Income (loss) before income taxes and equity in earnings of operating joint ventures” for the following items: • Realized investment gains (losses), net, and related adjustments; • Charges related to realized investment gains (losses), net; • Change in value of market risk benefits, net of related hedging gains (losses); • Market experience updates; • Divested and Run-off Businesses; • Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests; and • Other adjustments. These items are important to an understanding of overall results of operations. Adjusted operating income is not a substitute for income determined in accordance with U.S. GAAP, and the Company’s definition of adjusted operating income may differ from that used by other companies. The Company, however, believes that the presentation of adjusted operating income as measured for management purposes enhances the understanding of results of operations by highlighting the results from ongoing operations and the underlying profitability factors of its businesses. For additional information regarding these reconciling items, see Note 22 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. As a result of the adoption of ASU 2018-12 in the first quarter of 2023, the Company is required to measure all market risk benefits (e.g., living benefit and death benefit guarantees associated with variable annuities) at fair value. In order to enhance the understanding of our underlying performance trends, the Company excludes from adjusted operating income “Change in value of market risk benefits, net of related hedging gains (losses)”, which reflects the impact from changes in current market conditions. In addition, “Charges related to realized investment gains (losses)”, no longer includes the current period impact of net realized investment gains (losses) on the amortization of DAC and related balances, and “Market experience updates” no longer includes the immediate impact on DAC and related balances from changes in current market conditions on estimates of profitability. In both cases, the amortization of DAC and related balances is independent of these factors under ASU 2018-12. See Note 2 regarding additional information about the adoption of ASU 2018-12, including market risk benefits and the amortization of DAC and other balances. Reconciliation of adjusted operating income to net income (loss) The table below reconciles “Adjusted operating income before income taxes” to “Income (loss) before income taxes and equity in earnings of operating joint ventures”: Three Months Ended Six Months Ended 2023 2022 2023 2022 (in millions) Adjusted operating income before income taxes by segment: PGIM $ 179 $ 206 $ 330 $ 394 U.S. Businesses: Institutional Retirement Strategies 428 432 824 947 Individual Retirement Strategies 448 1,749 889 2,180 Retirement Strategies(1) 876 2,181 1,713 3,127 Group Insurance 139 54 164 (61) Individual Life(1) (59) (1,662) (161) (1,680) Total U.S. Businesses 956 573 1,716 1,386 International Businesses 784 692 1,624 1,643 Corporate and Other (527) (321) (1,012) (737) Total segment adjusted operating income before income taxes 1,392 1,150 2,658 2,686 Reconciling items: Realized investment gains (losses), net, and related adjustments (853) (2,216) (535) (3,853) Charges related to realized investment gains (losses), net 88 (222) 139 (306) Change in value of market risk benefits, net of related hedging gains (losses) 16 (710) 91 (1,014) Market experience updates (3) 371 45 492 Divested and Run-off Businesses: Closed Block division (48) 16 (52) 43 Other Divested and Run-off Businesses 64 499 171 228 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (26) 44 (31) 15 Other adjustments(2) (9) 0 (18) (17) Income (loss) before income taxes and equity in earnings of operating joint ventures per Unaudited Interim Consolidated Financial Statements $ 621 $ (1,068) $ 2,468 $ (1,726) ________ (1) The Retirement Strategies and Individual Life segments’ results reflect DAC as if the business is a stand-alone operation. The elimination of intersegment costs capitalized in accordance with this policy is included in consolidating adjustments within Corporate and Other operations. (2) Includes components of consideration for business acquisitions, which are recognized as compensation expense over the requisite service period. Reconciliation of select financial information The tables below present certain financial information for the Company’s segments and its Corporate and Other operations, including assets by segment and revenues by segment on an adjusted operating income basis, and the reconciliation of the segment totals to amounts reported in the Unaudited Interim Consolidated Financial Statements. June 30, December 31, (in millions) Assets by segment: PGIM $ 45,408 $ 48,364 U.S. Businesses: Institutional Retirement Strategies 108,326 108,565 Individual Retirement Strategies 136,508 130,173 Retirement Strategies 244,834 238,738 Group Insurance 37,812 38,201 Individual Life 109,168 102,445 Total U.S. Businesses 391,814 379,384 International Businesses 186,561 186,791 Corporate and Other 22,866 23,556 Closed Block division 50,655 50,934 Total assets per Unaudited Interim Consolidated Financial Statements $ 697,304 $ 689,029 Three Months Ended June 30, 2023 Revenues, and benefits and expenses on an adjusted operating income basis by segment Total Revenues Net Total Benefits and Expenses Policyholders’ Interest Dividends to Interest Amortization (in millions) PGIM $ 849 $ 67 $ 670 $ 0 $ 0 $ 0 $ 29 $ 0 U.S. Businesses: Institutional Retirement Strategies 2,737 1,072 2,309 2,263 144 0 (4) 6 Individual Retirement Strategies 1,119 344 671 49 111 0 19 83 Retirement Strategies 3,856 1,416 2,980 2,312 255 0 15 89 Group Insurance 1,598 128 1,459 1,140 41 0 2 2 Individual Life 1,564 709 1,623 823 227 9 232 114 Total U.S. Businesses 7,018 2,253 6,062 4,275 523 9 249 205 International Businesses 4,723 1,321 3,939 2,645 226 2 4 159 Corporate and Other(1) 54 173 581 0 31 0 179 (9) Total revenues, and benefits and expenses on an adjusted operating income basis 12,644 3,814 11,252 6,920 780 11 461 355 Reconciling items: Realized investment gains (losses), net, and related adjustments (549) (4) 304 21 283 0 0 0 Charges related to realized investment gains (losses), net 46 0 (42) (63) 6 0 0 7 Change in value of market risk benefits, net of related hedging gains (losses) 16 0 0 0 0 0 0 0 Market experience updates (5) 0 (2) (1) 0 0 0 0 Divested and Run-off Businesses: Closed Block division 955 499 1,003 608 29 292 0 4 Other Divested and Run-off Businesses 401 167 337 176 51 0 (2) 0 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (10) 0 16 0 0 0 0 0 Other adjustments 0 0 9 0 0 0 0 0 Total revenue, and benefits and expenses per Consolidated Statements of Operations $ 13,498 $ 4,476 $ 12,877 $ 7,661 $ 1,149 $ 303 $ 459 $ 366 Three Months Ended June 30, 2022 Revenues, and benefits and expenses on an adjusted operating income basis by segment Total Revenues Net Total Benefits and Expenses Policyholders’ Interest Dividends to Interest Amortization (in millions) PGIM 829 (14) 623 0 0 0 10 1 U.S. Businesses: Institutional Retirement Strategies 2,422 892 1,990 2,310 75 0 (2) 3 Individual Retirement Strategies 2,425 178 676 26 100 0 17 91 Retirement Strategies 4,847 1,070 2,666 2,336 175 0 15 94 Group Insurance 1,496 117 1,442 1,144 39 0 1 1 Individual Life 1,286 614 2,948 864 231 8 198 111 Total U.S. Businesses 7,629 1,801 7,056 4,344 445 8 214 206 International Businesses 4,455 1,286 3,763 2,767 175 13 5 150 Corporate and Other(1) 44 168 365 3 34 0 172 (12) Total revenues, and benefits and expenses on an adjusted operating income basis 12,957 3,241 11,807 7,114 654 21 401 345 Reconciling items: Realized investment gains (losses), net, and related adjustments (2,293) (4) (77) 30 (107) 0 0 0 Charges related to realized investment gains (losses), net 32 0 254 102 12 0 0 8 Change in value of market risk benefits, net of related hedging gains (losses) (710) 0 0 0 0 0 0 0 Market experience updates 72 0 (299) (17) 0 0 0 0 Divested and Run-off Businesses: Closed Block division 529 520 513 637 31 (228) 0 4 Other Divested and Run-off Businesses 740 181 241 92 54 0 0 1 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests 65 0 21 0 0 0 0 0 Other adjustments 0 0 0 0 0 0 0 0 Total revenue, and benefits and expenses per Consolidated Statements of Operations $ 11,392 $ 3,938 $ 12,460 $ 7,958 $ 644 $ (207) $ 401 $ 358 Six Months Ended June 30, 2023 Revenues, and benefits and expenses on an adjusted operating income basis by segment Total Revenues Net Total Benefits and Expenses Policyholders’ Interest Dividends to Interest Amortization (in millions) PGIM $ 1,747 $ 147 $ 1,417 $ 0 $ 0 $ 0 $ 56 $ 1 U.S. Businesses: Institutional Retirement Strategies 7,626 2,076 6,802 6,613 269 0 6 10 Individual Retirement Strategies 2,214 662 1,325 82 226 0 33 176 Retirement Strategies 9,840 2,738 8,127 6,695 495 0 39 186 Group Insurance 3,162 254 2,998 2,358 85 0 6 3 Individual Life 3,091 1,378 3,252 1,647 450 18 455 228 Total U.S. Businesses 16,093 4,370 14,377 10,700 1,030 18 500 417 International Businesses 9,738 2,606 8,114 5,797 441 9 15 310 Corporate and Other(1) 170 362 1,182 (5) 65 0 331 (18) Total revenues, and benefits and expenses on an adjusted operating income basis 27,748 7,485 25,090 16,492 1,536 27 902 710 Reconciling items: Realized investment gains (losses), net, and related adjustments (74) (9) 461 46 415 0 0 0 Charges related to realized investment gains (losses), net 83 0 (56) (120) 18 0 0 14 Change in value of market risk benefits, net of related hedging gains (losses) 91 0 0 0 0 0 0 0 Market experience updates 19 0 (26) 3 0 0 0 0 Divested and Run-off Businesses: Closed Block division 1,926 980 1,978 1,181 59 594 1 7 Other Divested and Run-off Businesses 779 340 608 363 102 1 (3) 0 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (29) 0 2 0 0 0 0 0 Other adjustments 0 0 18 0 0 0 0 0 Total revenue, and benefits and expenses per Consolidated Statements of Operations $ 30,543 $ 8,796 $ 28,075 $ 17,965 $ 2,130 $ 622 $ 900 $ 731 Six Months Ended June 30, 2022 Revenues, and benefits and expenses on an adjusted operating income basis by segment Total Revenues Net Total Benefits and Expenses Policyholders’ Interest Dividends to Interest Amortization (in millions) PGIM $ 1,755 $ (18) $ 1,361 $ 0 $ 0 $ 0 $ 16 $ 2 U.S. Businesses: Institutional Retirement Strategies 5,169 1,860 4,222 4,488 155 0 2 6 Individual Retirement Strategies 3,522 440 1,342 91 178 0 21 186 Retirement Strategies 8,691 2,300 5,564 4,579 333 0 23 192 Group Insurance 3,035 241 3,096 2,497 75 0 2 (1) Individual Life 2,844 1,258 4,524 1,729 458 17 387 222 Total U.S. Businesses 14,570 3,799 13,184 8,805 866 17 412 413 International Businesses 9,933 2,583 8,290 6,252 365 28 8 305 Corporate and Other(1) 1 290 738 (4) 68 0 329 (22) Total revenues, and benefits and expenses on an adjusted operating income basis 26,259 6,654 23,573 15,053 1,299 45 765 698 Reconciling items: Realized investment gains (losses), net, and related adjustments (3,941) (14) (88) 59 (147) 0 0 0 Charges related to realized investment gains (losses), net 10 0 316 122 31 0 0 22 Change in value of market risk benefits, net of related hedging gains (losses) (1,014) 0 0 0 0 0 0 0 Market experience updates 113 0 (379) (9) 0 0 0 1 Divested and Run-off Businesses: Closed Block division 1,494 1,074 1,451 1,261 61 (17) 0 7 Other Divested and Run-off Businesses 278 582 50 247 (540) 0 1 1 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests 48 0 33 0 0 0 0 0 Other adjustments 0 0 17 0 0 0 0 0 Total revenue, and benefits and expenses per Consolidated Statements of Operations $ 23,247 $ 8,296 $ 24,973 $ 16,733 $ 704 $ 28 $ 766 $ 729 ________ (1) Corporate and Other operations, through AIQ and Prudential Advisors, generates fee revenues from the sale and distribution of certain insurance, annuity and investment products offered by Prudential and third-parties. Intersegment revenues Management has determined the intersegment revenues with reference to market rates. Intersegment revenues are eliminated in consolidation in Corporate and Other operations. The PGIM segment revenues include intersegment revenues, primarily consisting of asset-based management and administration fees, as follows: Three Months Ended Six Months Ended 2023 2022 2023 2022 (in millions) PGIM segment intersegment revenues $ 198 $ 201 $ 403 $ 433 Segments may also enter into internal derivative contracts with other segments. For adjusted operating income, each segment accounts for the internal derivative results consistent with the manner in which that segment accounts for other similar external derivatives. Asset management and service fees The table below presents asset management and service fees, predominantly related to investment management activities, for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions) Asset-based management fees $ 789 $ 841 $ 1,577 $ 1,822 Performance-based incentive fees 4 6 7 10 Other fees 125 140 251 288 Total asset management and service fees $ 918 $ 987 $ 1,835 $ 2,120

Commitments and Contingent Liab

Commitments and Contingent Liabilities	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	COMMITMENTS AND CONTINGENT LIABILITIES Commitments and Guarantees Commercial Mortgage Loan Commitments June 30, December 31, (in millions) Total outstanding mortgage loan commitments $ 1,855 $ 1,995 Portion of commitment where prearrangement to sell to investor exists $ 397 $ 582 In connection with the Company’s commercial mortgage operations, it originates commercial mortgage loans. Commitments for loans that will be held for sale are recognized as derivatives and recorded at fair value. In certain of these transactions, the Company prearranges that it will sell the loan to an investor, including to government sponsored entities as discussed below, after the Company funds the loan. The above amount includes unfunded commitments that are not unconditionally cancellable. For related credit exposure, there was an allowance for credit losses of $1 million as of both June 30, 2023 and December 31, 2022. The change in allowance is $0 million for both the three months and six months ended June 30, 2023 and 2022. Commitments to Purchase Investments (excluding Commercial Mortgage Loans) June 30, December 31, (in millions) Expected to be funded from the general account and other operations outside the separate accounts $ 12,117 $ 8,376 Expected to be funded from separate accounts $ 128 $ 183 The Company has other commitments to purchase or fund investments, some of which are contingent upon events or circumstances not under the Company’s control, including those at the discretion of the Company’s counterparties. The Company anticipates a portion of these commitments will ultimately be funded from its separate accounts. The above amount includes unfunded commitments that are not unconditionally cancellable. There were no related charges for credit losses for either the three months or six months end ed June 30, 2023 or 2022. Indemnification of Securities Lending and Securities Repurchase Transactions June 30, December 31, (in millions) Indemnification provided to certain clients for securities lending and securities repurchase transactions(1) $ 5,847 $ 5,834 Fair value of related collateral associated with above indemnifications(1) $ 5,974 $ 5,985 Accrued liability associated with guarantee $ 0 $ 0 __________ (1) There were no securities repurchase transactions as of June 30, 2023 and December 31, 2022. In the normal course of business, the Company may facilitate securities lending or securities repurchase transactions on behalf of certain client accounts (collectively, “the accounts”). In certain of these arrangements, the Company has provided an indemnification to the accounts to hold them harmless against losses caused by counterparty (i.e., borrower) defaults associated with such transactions facilitated by the Company. In securities lending transactions, collateral is provided by the counterparty to the accounts at the inception of the transaction in an amount at least equal to 102% of the fair value of the loaned securities and the collateral is maintained daily to equal at least 102% of the fair value of the loaned securities. In securities repurchase transactions, collateral is provided by the counterparty to the accounts at the inception of the transaction in an amount at least equal to 95% of the fair value of the securities subject to repurchase and the collateral is maintained daily to equal at least 95% of the fair value of the securities subject to repurchase. The Company is only at risk if the counterparty to the transaction defaults and the value of the collateral held is less than the value of the securities loaned to, or subject to repurchase from, such counterparty. The Company believes the possibility of any payments under these indemnities is remote. Credit Derivatives Written As discussed further in Note 5, the Company writes credit derivatives under which the Company is obligated to pay the counterparty the referenced amount of the contract and receive in return the defaulted security or similar security. Guarantees of Asset Values June 30, December 31, (in millions) Guaranteed value of third-parties’ assets $ 82,181 $ 84,338 Fair value of collateral supporting these assets $ 76,351 $ 77,693 Asset (liability) associated with guarantee, carried at fair value $ 0 $ 1 Certain contracts underwritten by the Retirement Strategies segment include guarantees related to financial assets owned by the guaranteed party. These contracts are accounted for as derivatives and carried at fair value. The collateral supporting these guarantees is not reflected on the Unaudited Interim Consolidated Statements of Financial Position. Indemnification of Serviced Mortgage Loans June 30, December 31, (in millions) Maximum exposure under indemnification agreements for mortgage loans serviced by the Company $ 2,992 $ 2,972 First-loss exposure portion of above $ 867 $ 862 Accrued liability associated with guarantees(1) $ 30 $ 33 __________ (1) The accrued liability associated with guarantees includes an allowance for credit losses of $15 million and $17 million as of June 30, 2023 and December 31, 2022, respectively. The change in allowance is a reduction of $1 million for both three months ended June 30, 2023, and 2022, respectively, and a reduction for both six months ended June 30, 2023, and 2022 of $2 million and $4 million , respectively. As part of the commercial mortgage activities of the Company’s PGIM segment, the Company provides commercial mortgage origination, underwriting and servicing for certain government sponsored entities, such as Fannie Mae and Freddie Mac. The Company has agreed to indemnify the government sponsored entities for a portion of the credit risk associated with certain of the mortgages it services through a delegated authority arrangement. Under these arrangements, the Company originates multi-family mortgages for sale to the government sponsored entities based on underwriting standards they specify, and makes payments to them for a specified percentage share of losses they incur on certain loans serviced by the Company. The Company’s percentage share of losses incurred generally varies from 4% to 20% of the loan balance, and is typically based on a first-loss exposure for a stated percentage of the loan balance, plus a shared exposure with the government sponsored entity for any losses in excess of the stated first-loss percentage, subject to a contractually specified maximum percentage. The Company determines the liability related to this exposure using historical loss experience, and the size and remaining life of the asset. The Company serviced $24,110 million and $23,937 million of mortgages subject to these loss-sharing arrangements as of June 30, 2023 and December 31, 2022, respectively, all of which are collateralized by first priority liens on the underlying multi-family residential properties. As of June 30, 2023, these mortgages had a weighted-average debt service coverage ratio of 2.03 times and a weighted-average loan-to-value ratio of 60%. As of December 31, 2022, these mortgages had a weighted-average debt service coverage ratio of 1.92 times and a weighted-average loan-to-value ratio of 61%. The Company had no losses related to indemnifications that were settled for either the six months ended June 30, 2023 or 2022. Other Guarantees June 30, December 31, (in millions) Other guarantees where amount can be determined $ 36 $ 57 Accrued liability for other guarantees and indemnifications $ 32 $ 33 The Company is also subject to other financial guarantees and indemnity arrangements. The Company has provided indemnities and guarantees related to acquisitions, dispositions, investments and other transactions that are triggered by, among other things, breaches of representations, warranties or covenants provided by the Company. These obligations are typically subject to various time limitations, defined by the contract or by operation of law, such as statutes of limitation. In some cases, the maximum potential obligation is subject to contractual limitations, while in other cases such limitations are not specified or applicable. Since certain of these obligations are not subject to limitations, it is not possible to determine the maximum potential amount due under these guarantees. The accrued liability identified above relates to the sale of The Prudential Life Insurance Company of Taiwan Inc. (“POT”) and represents a financial guarantee of certain insurance obligations of POT. Contingent Liabilities On an ongoing basis, the Company and its regulators review its operations including, but not limited to, sales and other customer interface procedures and practices, and procedures for meeting obligations to its customers and other parties. These reviews may result in the modification or enhancement of processes or the imposition of other action plans, including concerning management oversight, sales and other customer interface procedures and practices, and the timing or computation of payments to customers and other parties. In certain cases, if appropriate, the Company may offer customers or other parties remediation and may incur charges, including the cost of such remediation, administrative costs and regulatory fines. The Company is subject to the laws and regulations of states and other jurisdictions concerning the identification, reporting and escheatment of unclaimed or abandoned funds, and is subject to audit and examination for compliance with these requirements. It is possible that the results of operations or the cash flow of the Company in a particular quarterly or annual period could be materially affected as a result of payments in connection with the matters discussed above or other matters depending, in part, upon the results of operations or cash flow for such period. Management believes, however, that ultimate payments in connection with these matters, after consideration of applicable reserves and rights to indemnification, should not have a material adverse effect on the Company’s financial position. Litigation and Regulatory Matters The Company is subject to leg al and regulatory actions in the ordinary course of its businesses. Pending legal and regulatory actions include proceedings relating to aspects of the Company’s businesses and operations that are specific to it and proceedings that are typical of the businesses in which it operates, including in both cases businesses that have been either divested or placed in wind-down status. Some of these proceedings have been brought on behalf of various alleged classes of complainants. In certain of these matters, the plaintiffs are seeking large and/or indeterminate amounts, including punitive or exemplary damages. The outcome of litigation or a regulatory matter, and the amount or range of potential loss at any particular time, is often inherently uncertain. The Company establishes accruals for litigation and regulatory matters when it is probable that a loss has been incurred and the amount of that loss can be reasonably estimated. For litigation and regulatory matters where a loss may be reasonably possible, but not probable, or is probable but not reasonably estimable, no accrual is established but the matter, if potentially material, is disclosed, including matters discussed below. The Company estimates that as of June 30, 2023, the aggregate range of reasonably possible losses in excess of accruals established for those litigation and regulatory matters for which such an estimate currently can be made is less than $250 million. Any estimate is not an indication of expected loss, if any, or the Company’s maximum possible loss exposure on such matters. The Company reviews relevant information with respect to its litigation and regulatory matters on a quarterly and annual basis and updates its accruals, disclosures and estimates of reasonably possible loss based on such reviews. The following discussion of litigation and regulatory matters provides an update of those matters discussed in Note 23 to the Company’s Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, and should be read in conjunction with the complete descriptions provided in the Form 10-K. Escheatment Litigation Total Asset Recovery Services, LLC v. MetLife, Inc., et al., Prudential Financial, Inc., The Prudential Insurance Company of America, and Prudential Insurance Agency, LLC In March 2023, defendants filed a motion to dismiss the Fourth Amended Complaint. Securities Litigation City of Warren v. PFI, et al. In June 2023, the Court of Appeals for the Third Circuit affirmed in part and reversed in part the trial court’s December 2020 decision dismissing the amended complaint with prejudice and remanded the case to the District Court to consider alternative grounds for dismissal not reached by the District Court’s 2020 decision. Assurance IQ, LLC William James Griffin, et al. v. Benefytt Technologies, Inc., et al. and Assurance IQ, LLC In February 2023, the Company filed its answer to the third amended complaint. Other Matters Cho v. PICA, et al. In May 2023, plaintiff filed a motion for class certification. Summary The Company’s litigation and regulatory matters are subject to many uncertainties, and given their complexity and scope, their outcome cannot be predicted. It is possible that the Company’s results of operations or cash flow in a particular quarterly or annual period could be materially affected by an ultimate unfavorable resolution of pending litigation and regulatory matters depending, in part, upon the results of operations or cash flow for such period. In light of the unpredictability of the Company’s litigation and regulatory matters, it is also possible that in certain cases an ultimate unfavorable resolution of one or more pending litigation or regulatory matters could have a material adverse effect on the Company’s financial statements. Management believes, however, that, based on information currently known to it, the ultimate outcome of all pending litigation and regulatory matters, after consideration of applicable reserves and rights to indemnification, is not likely to have a material adverse effect on the Company’s financial statements.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC.	$ 511	$ (1,010)	$ 1,973	$ (1,503)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Significant Accounting Polici_2

Significant Accounting Policies and Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation On January 1, 2023, the Company adopted Accounting Standard Update (“ASU”) 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts, which provided new authoritative guidance impacting the accounting and disclosure requirements for long-duration insurance and investment contracts issued by the Company. See “Adoption of ASU 2018-12” below for additional information regarding this adoption, including the impacts to the Company’s 2022 financial statements from implementing the new accounting standard as well as the transition impacts recorded as of January 1, 2021. See Note 2 for additional details regarding the key policy changes effected by this ASU and updated accounting policies resulting from the adoption of this ASU for all periods presented in the Unaudited Interim Consolidated Financial Statements. The Unaudited Interim Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) on a basis consistent with reporting interim financial information in accordance with instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (“SEC”). The Unaudited Interim Consolidated Financial Statements include the accounts of Prudential Financial, entities over which the Company exercises control, including majority-owned subsidiaries and minority-owned entities such as limited partnerships in which the Company is the general partner, and variable interest entities (“VIEs”) in which the Company is considered the primary beneficiary. See Note 4 for additional information regarding the Company’s consolidated variable interest entities. Intercompany balances and transactions have been eliminated. In the opinion of management, all adjustments necessary for a fair statement of the financial position and results of operations have been made. All such adjustments are of a normal, recurring nature. Interim results are not necessarily indicative of the results that may be expected for the full year. These financial statements should be read in conjunction with the Company’s Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates include those used in determining future policy benefits; policyholders’ account balances related to the fair value of embedded derivative instruments associated with the index-linked features of certain universal life and annuity products; market risk benefits; the measurement of goodwill and any related impairment; the valuation of investments including derivatives, the measurement of allowance for credit losses, and the recognition of other-than-temporary impairments (“OTTI”); pension and other postretirement benefits; any provision for income taxes and valuation of deferred tax assets; and accruals for contingent liabilities, including estimates for losses in connection with unresolved legal and regulatory matters.
Reclassifications	Reclassifications Certain amounts in prior periods have been reclassified for reasons unrelated to the adoption of ASU 2018-12 to conform to the current period presentation.
Adoption of ASU 2018-12	Adoption of ASU 2018-12 Effective January 1, 2023, the Company adopted ASU 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts . Adoption of this ASU impacted, at least to some extent, the accounting and disclosure requirements for all long-duration insurance and investment contracts issued by the Company and had a significant financial impact on the Consolidated Financial Statements and disclosures. See Note 1 for additional information. As of the January 1, 2021 transition date, the adoption of the standard resulted in a decrease to “Retained earnings” of $2.6 billion primarily from reclassifying the cumulative effect of changes in non-performance risk on market risk benefits from “Retained earnings” to “Accumulated other comprehensive income” (“AOCI”) as well as from a net increase in additional insurance reserves and other related balances primarily related to the no-lapse guarantee features on certain universal life contracts. AOCI decreased $42.4 billion as of the January 1, 2021 transition date largely from remeasuring in-force contract liabilities using upper-medium grade fixed income instrument yields as of the transition date. As of the January 1, 2023 adoption date, the impacts amounted to a decrease to “Retained earnings” of $1.7 billion and an increase to AOCI of $16.0 billion. The changes in the impacts from January 1, 2021 to January 1, 2023 primarily reflect the increase in interest rates during 2021 and 2022. Outlined below are: (1) key accounting policy changes effected by the ASU and (2) updated accounting policies for all of the periods presented in the Unaudited Interim Consolidated Financial Statements. (1) Key Accounting Policy Changes Area of Change Description Method of adoption Effect on the financial statements or other significant matters Cash flow assumptions used to measure the liability for future policy benefits for non-participating traditional and limited-payment insurance products Requires an entity to review and, if necessary, update the cash flow assumptions used to measure the liability for future policy benefits, for both changes in future assumptions and actual experience, at least annually using a retrospective update method with a cumulative catch-up adjustment recorded in a separate line item in the Consolidated Statements of Operations. Effective January 1, 2023 using the modified retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021 (the “transition date”). Under this method, the amendments to contracts in force were applied as of January 1, 2021 on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI. The impact upon transition reflects the impact on in-force contract liabilities in instances where expected net premiums exceeded expected gross premiums at an issue-year cohort level as a result of updating to current best estimate cash flow assumptions as of the transition date. As a result of the modified retrospective transition method, the vast majority of the impact of updating cash flow assumptions to best estimates as of the transition date will be reflected in the pattern of earnings in subsequent periods. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 9 for additional information. Discount rate assumption used to measure the liability for future policy benefits for non-participating traditional and limited-payment insurance products Requires discount rate assumptions to be based on upper-medium grade fixed income instrument yields, which will be updated each quarter with the impact recorded through OCI. An entity shall maximize the use of relevant observable information and minimize the use of unobservable information in determining the discount rate assumptions. As noted above, the guidance for the liability for future policy benefits was adopted effective January 1, 2023 using the modified retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021. Under this method, for balance sheet remeasurement purposes, the liability for future policy benefits is remeasured using discount rates as of January 1, 2021 with the impact recorded as a cumulative effect adjustment to AOCI. Adoption of the ASU resulted in a significant impact to AOCI as a result of remeasuring in-force contract liabilities using current upper-medium grade fixed income instrument yields. This adjustment largely reflects the difference between discount rates locked-in at contract inception versus current discount rates. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 9 for additional information. Amortization of deferred acquisition costs (“DAC”) and other balances Requires DAC and other balances, such as unearned revenue reserves and DSI, to be amortized on a constant level basis over the expected term of the related contract, independent of expected profitability. Effective January 1, 2023 using the modified retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021. Under this method, the amendments to contracts in force were applied as of January 1, 2021 on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI. Adoption of the ASU did not have a significant impact on DAC and other balances upon transition, other than the impact of the removal of any related amounts in AOCI. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 7 for additional information. Market Risk Benefits (“MRB”) Requires an entity to measure all market risk benefits (e.g., living benefit and death benefit guarantees associated with variable annuities) at fair value, and record MRB assets and liabilities separately on the Consolidated Statements of Financial Position. Changes in the fair value of market risk benefits are recorded in net income, except for the portion attributable to changes in an entity’s NPR, which is recognized in OCI. An entity shall maximize the use of relevant observable information and minimize the use of unobservable information in determining the balance of the market risk benefits upon adoption. Effective January 1, 2023 using the retrospective transition method, which includes a cumulative effect adjustment to the balance sheet as of January 1, 2021. Adoption of the ASU resulted in an adjustment to retained earnings for the difference between the fair value and carrying value of benefits not measured at fair value prior to the adoption of the ASU (e.g., guaranteed minimum death benefits on variable annuities) and a reclass of the cumulative effect of changes in NPR from retained earnings to AOCI. See Note 1 for additional information regarding the effect on the financial statements. Adoption of the standard also resulted in additional required disclosures. See Note 11 for additional information. In addition to the significant key accounting changes noted above, ASU 2018-12 also clarified the definition of assessments used to accrue additional insurance reserves and other related balances, primarily for no-lapse guarantee features on certain universal life contracts in the Individual Life segment. Application of the new guidance changed the pattern of reserve recognition for these guarantees and resulted in an increase to the net contract liabilities related to these products at transition. See Note 1 for additional information regarding the effect on the financial statements. ASU 2022-05, Financial Services – Insurance (Topic 944) Transition for Sold Contracts was issued on December 15, 2022, to amend the transition guidance in ASU 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts . The amendment allows an insurance entity to make an accounting policy election to not apply ASU 2018-12 to contracts or legal entities sold or disposed of before the effective date, and in which the insurance entity has no significant continuing involvement with the derecognized contracts. An insurance entity is permitted to apply the policy election on a transaction by transaction basis to each sale or disposal transaction. An insurance entity is required to disclose whether it has chosen to apply this accounting policy election and provide a qualitative description of the sale or disposal transactions to which the accounting policy election is applied. The Company did not choose to apply this accounting policy election to any of its eligible sale or disposal transactions. Other ASUs adopted during the six months ended June 30, 2023 The Company adopted ASU 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosure, effective January 1, 2023, on a prospective basis. This ASU eliminates the accounting guidance for Troubled Debt Restructurings (“TDR”) for creditors and adds enhanced disclosure requirements. Following adoption of the ASU, all loan refinancings and restructurings are subject to the modification guidance in ASC 310-20. Specific to the accounting policy for commercial mortgage and other loans, adoption of the ASU resulted in the elimination of TDRs such that, on a prospective basis, all modifications are evaluated under the existing modification guidance in ASC 310-20 to determine whether a modification results in a new financial instrument or a continuation of the existing financial instrument. Furthermore, for modifications of loans that have a CECL allowance and result in a continuation of the existing loan, the CECL allowance of the loan is remeasured using the modified terms and the post-modification effective yield. Prior to the adoption of the ASU, if a loan modification was a TDR, the CECL allowance of the loan was remeasured using the modified terms and the loan’s original effective yield. Adoption of the ASU did not have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements.
Deferred policy acquisition costs (“DAC”)	ASSETS Deferred policy acquisition costs (“DAC”) represents costs directly related to the successful acquisition of new and renewal insurance and annuity business. Such DAC primarily includes commissions, costs of policy issuance and underwriting, and certain other expenses that are directly related to successfully acquired contracts. In each reporting period, previously capitalized DAC is amortized and included in “Amortization of deferred policy acquisition costs”, and the carrying amount of DAC is not subject to recoverability testing upon adoption of ASU 2018-12. DAC is amortized on a constant-level basis at a grouped contract level over the expected life of the underlying insurance contracts. Contracts are grouped consistent with the groupings used to estimate the liability for future policy benefits (or other related balances) for the corresponding contracts. Since contracts within a grouping may be of different sizes, contracts within a group are weighted to achieve appropriate amortization and to ensure that DAC is derecognized when a policy is no longer in force. The constant-level basis used to weight contracts within a grouping and amortize DAC is generally defined as follows: • Life insurance contracts – DAC associated with life insurance contracts is generally amortized in proportion to the initial face amount of life insurance in force. This is applicable to traditional and universal life insurance products in the Individual Life and International Insurance segments and Closed Block division, and group corporate- and bank-owned life insurance contracts in the Group Insurance segment. • Payout annuity contracts – DAC associated with payout annuity contracts in the Retirement Strategies segment is amortized in proportion to annual benefit payments. • Deferred annuity contracts – DAC associated with fixed and variable deferred annuity contracts in the Retirement Strategies and International Insurance segments is amortized in proportion to deposits. • Health contracts – DAC associated with health contracts in the International Insurance segment is generally amortized in proportion to maximum lifetime benefits. For funding agreement note contracts, single premium structured settlement contracts without life contingencies, and single premium immediate annuities without life contingencies, acquisition expenses are deferred and amortized over the expected life of the contracts using the interest method. For other group life and disability insurance contracts and guaranteed investment contracts (“GICs”), acquisition costs are expensed as incurred. Current period DAC amortization reflects the impact of changes in actual insurance in force during the period and changes in future assumptions effected as of the end of the quarter, where applicable. The Company typically updates actuarial assumptions annually in the second quarter (see “Annual Assumptions Review” below), unless a material change is observed in an interim period that is indicative of a long-term trend. Generally, the Company does not expect trends to change significantly in the short-term and, to the extent these trends may change, the Company expects such changes to be gradual over the long-term. Assumptions used for DAC are consistent with those used in estimating the liability for future policy benefits (or any other related balance) for the corresponding contract. Determining the level of aggregation and actuarial assumptions used in projecting in-force terminations requires judgment. Internal criteria are developed to determine the level of aggregation by considering both qualitative and quantitative materiality thresholds. The assumptions used in projecting in-force terminations are mortality, mortality improvement, and lapse assumptions. These assumptions are generally based on the Company’s experience, industry experience and/or other factors, as applicable. For variable deferred annuity contracts, lapse rates are adjusted at the contract level based on the in-the-moneyness of the living benefits and reflect other factors, such as the applicability of any surrender charges. Lapse rates are reduced when contracts are more in-the-money. Lapse rates are also generally assumed to be lower for the period where surrender charges apply. For some products, policyholders can elect to modify product benefits, features, rights or coverages by exchanging a contract for a new contract or by amendment, endorsement, or rider to a contract, or by the election of a feature or coverage within a contract. These transactions are known as internal replacements. If policyholders surrender traditional life insurance policies in exchange for life insurance policies that do not have fixed and guaranteed terms, the Company immediately charges to expense the remaining unamortized DAC on the surrendered policies. For other internal replacement transactions, except those that involve the addition of a non-integrated contract feature that does not change the existing base contract, the unamortized DAC is immediately charged to expense if the terms of the new policies are not substantially similar to those of the former policies. If the new terms are substantially similar to those of the earlier policies, the DAC is retained with respect to the new policies and amortized over the expected life of the new policies. See Note 7 for additional information regarding DAC.
Value of business acquired (“VOBA”)	Value of business acquired (“VOBA”) represents identifiable intangible assets to which a portion of the purchase price in a business acquisition is attributed under the application of purchase accounting. VOBA represents an adjustment to the stated value of in-force insurance contract liabilities to present them at fair value, determined as of the acquisition date. VOBA balances are subject to recoverability testing in the manner in which they were acquired. The Company has established a VOBA asset primarily for its acquired life insurance products and accident and health products with fixed benefits. As of June 30, 2023, the majority of the VOBA balance relates to the 2011 acquisition of AIG Star Life Insurance Co., Ltd, AIG Edison Life Insurance Company, AIG Financial Assurance Japan K.K. and AIG Edison Service Co., Ltd. (collectively, the “Star and Edison Businesses”). The Company records amortization of VOBA in “General and administrative expenses” and amortizes it over the anticipated life of the acquired contracts using the same methodology, factors, and assumptions used to amortize DAC and deferred sales inducements (“DSI”). See Note 7 for additional information regarding VOBA.
Market Risk Benefits	Market risk benefits assets represents market risk benefits (“MRBs”) in an asset position and are presented separately from MRBs in a liability position. See “Market risk benefit liabilities” below. MRB assets also reflect ceded MRBs resulting from reinsurance of the Company’s Prudential Defined Income (“PDI”) traditional variable annuity contracts. See Note 12 for additional information regarding the reinsurance of PDI. Market risk benefit liabilities represents contracts or contract features that provide protection to the contractholder and exposes the Company to other than nominal capital market risk, primarily related to deferred annuities with guaranteed minimum benefits in the Retirement Strategies segment including guaranteed minimum death benefits (“GMDB”), guaranteed minimum income benefits (“GMIB”), guaranteed minimum accumulation benefits (“GMAB”), guaranteed minimum withdrawal benefits (“GMWB”) and guaranteed minimum income and withdrawal benefits (“GMIWB”). The benefits are accounted for using a fair value measurement framework. If a contract contains multiple market risk benefits, the benefits are bundled together and accounted for as a single compound market risk benefit. Market risk benefits in an asset position are presented separately from those in a liability position as there is no legal right of offset between contracts. The fair value of market risk benefits is calculated as the present value of expected future benefit payments to contractholders less the present value of expected future rider fees attributable to the market risk benefit. The fair value of market risk benefits is based on assumptions a market participant would use in valuing market risk benefits. For additional information regarding the valuation of market risk benefits, see Note 6. On a quarterly basis, changes in the fair value of market risk benefits are recorded in net income, net of related hedges, in “Change in value of market risk benefits, net of related hedging gains (losses)”, except for the portion of the change attributable to changes in the Company’s NPR which is recorded in OCI. See Note 11 for additional information regarding market risk benefits. See “Reinsurance” below for information regarding the reinsurance of MRBs.
Other Assets	Other assets consists primarily of prepaid pension benefit costs, certain restricted assets (e.g., cash and cash equivalents), trade receivables, goodwill and other intangible assets, “right-of-use” lease assets (see “Other liabilities” below), DSI, the Company’s investments in operating joint ventures, property and equipment, reinsurance recoverables (see “Reinsurance” below), and receivables resulting from sales of securities that had not yet settled at the balance sheet date. Deferred Sales Inducements are amounts that are credited to a policyholders’ account balance primarily as an inducement to purchase fixed and/or variable deferred annuity contracts. The Company defers sales inducements and amortizes them over the expected life of the policy using the same methodology, factors and assumptions used to amortize DAC. The Company records amortization of DSI in “Interest credited to policyholders’ account balances.” Unlike DAC, DSI are considered contractual cash flows and, as a result, are subject to periodic recoverability testing. See Note 7 for additional information regarding DSI.
Separate account assets and liabilities and Policyholders’ account balances	Separate account assets represents segregated funds that are invested for certain policyholders, pension funds and other customers. The assets consist primarily of equity securities, fixed maturities, real estate-related investments, real estate mortgage loans, short-term investments and derivative instruments and are reported at fair value. The assets of each account are legally segregated and are not subject to claims that arise out of any other business of the Company. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with Policyholders’ account balances represents the contract value that has accrued to the benefit of the policyholder as of the balance sheet date. This liability is primarily associated with the accumulated account deposits, plus interest credited, less policyholder withdrawals and other charges assessed against the account balance, as applicable. These policyholders’ account balances also include provision for benefits under non-life contingent payout annuities and certain unearned revenues. The unearned revenue liability represents policy charges for services to be provided in future periods. The charges are deferred as incurred and are generally amortized over the expected life of the contract using the same methodology, factors, and assumption used to amortize DAC. See Note 10 for additional information regarding policyholders’ account balances. Policyholders’ account balances also include amounts representing the fair value of embedded derivative instruments associated with the index-linked features of certain universal life and annuity products. For additional information regarding the valuation of these embedded derivatives, see Note 6. Separate account liabilities primarily represents the contractholders’ account balances in separate account assets and to a lesser extent borrowings of the separate account, and will be equal and offsetting to total separate account assets. See also “Separate account assets” above.
Future policy benefits	Future policy benefits is primarily comprised of the present value of expected future payments to or on behalf of policyholders, where the timing and amount of such payments depend on policyholder mortality or morbidity, less the present value of expected future net premiums (where net premiums are gross premiums multiplied by the Net-To-Gross (“NTG”) ratio discussed below). The liability for future policy benefits is accrued over time as premium revenue is recognized. See Note 9 for additional information regarding future policy benefits. The reserving methodology used for non-participating traditional and limited-payment contracts include the following: • Cash Flow Assumptions . In measuring the liability for future policy benefits, the net premium valuation methodology is utilized. Under this methodology, a liability for future policy benefits is established using current best estimate insurance assumptions and interest rate assumptions locked-in at contract issuance date. The NTG ratio is calculated as the ratio of the present value of expected policy benefits and non-level claim settlement expenses divided by the present value of expected gross premiums. The NTG ratio is applied to gross premiums, as premium revenue is recognized, to determine net premiums. The liability is then determined as the present value of expected future policy benefits and non-level claim settlement expenses less the present value of expected future net premiums. For purposes of liability measurement, contracts are grouped into cohorts based primarily on issue year, reportable segment and major product line. The NTG ratio is generally updated quarterly for actual experience and annually for future cash flow assumption updates during the Company’s annual assumptions review process in the second quarter of each year unless a material change is observed in an interim period that is indicative of a long-term trend (see “Annual Assumptions Review” below), with the exception of claim settlement expense assumptions which the Company has made an entity-wide election to lock-in as of contract issuance. The NTG ratio is subject to a retrospective unlocking method whereby the Company updates its best estimate of cash flows expected over the life of the cohort using actual historical experience and updated future cash flow assumptions. These updated cash flows are used to calculate the revised NTG ratio, which is used to derive an updated liability for future policy benefits as of the beginning of the current reporting period, discounted at the original contract issuance discount rate. The updated liability for future policy benefit amount as of the beginning of the quarter is then compared to the carrying amount of the liability as of that same date, before the updates for actual experience or future cash flow assumptions, to determine the current period change in liability estimate. This current period change in the liability is the liability remeasurement gain or loss that is recorded through current period earnings in “Change in estimates of liability for future policy benefits.” In subsequent periods, the revised NTG ratio is used to measure the liability for future policy benefits, subject to future revisions. If a cohort is in a loss position where the liability for future policy benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for expected future policy benefits and non-level claim settlement expenses, the NTG ratio is capped at 100%. In these instances, all changes in expected benefits resulting from both actual experience deviations and changes in future assumptions are recognized immediately. While the liability for future policy benefits cannot be less than zero (i.e., a contra-liability) at the cohort level and thus the balance is floored at zero (i.e., “flooring”), the NTG ratio may be negative. This would be the case whereby conditions have improved such that the present value of future net premiums plus the existing liability for future policy benefits as of the valuation date exceed the present value of expected future policy benefits and non-level claim settlement expenses. In this case, the negative NTG ratio would be applied going forward to gross premiums received, effectively amortizing the gain into income and reducing the liability over time. In addition, for limited-payment contracts, the liability for future policy benefits also includes a Deferred Profit Liability (“DPL”) representing gross premiums received in excess of net premiums and is generally recognized in revenue in a constant relationship with insurance in force for life contracts or with the amount of expected future benefit payments for annuity contracts. The DPL is subject to a retrospective unlocking adjustment consistent with the liability for future policy benefits discussed above. The DPL cannot be less than zero (i.e., a contra-liability) at the cohort level and thus the balance is floored at zero (i.e., “flooring”). For contracts issued prior to January 1, 2021, the modified retrospective transition method was used to transition to ASU 2018-12. Under this method, the transition date of January 1, 2021 serves as the new issue date of the contracts in force for purposes of retrospectively unlocking the NTG ratio and DPL, as described above. • Discount Rate Assumption. The locked-in discount rate is generally based on expected investment returns at contract inception for contracts issued prior to January 1, 2021 and the upper medium grade fixed income corporate instrument yield (i.e., global single A) at contract inception for contracts issued after January 1, 2021. The discount rate in effect at contract inception is locked-in for the calculation of the NTG ratio and accretion of interest cost on the liability through net income. However, for balance sheet remeasurement purposes, the discount rate is updated using the current single A rate at each reporting period, with the effect on the liability resulting from such update recorded in “Interest rate remeasurement of future policy benefits” in OCI. The methodology used in constructing the single A discount rate curve for discounting cash flows used to calculate the liability for future policy benefits is intended to be reflective of the characteristics of the applicable insurance liabilities. The single A discount rate curve is developed by reference to upper medium grade (low credit risk) fixed income instrument yields that reflect the duration characteristics of the applicable insurance liabilities. The single A discount curve for the United States and foreign economies, such as Japan, with observable corporate A spreads, is developed using government bond rates, plus globally equivalent public corporate A spreads in the observable periods. The definition of upper medium grade is based on Moody’s definition which includes the spectrum of A (i.e., A- to A+). The rate used in foreign operations (with the exception of certain emerging markets, as discussed below) is based on the equivalent of a single A rate from a global rating agency for corporate bonds issued in the same currency and country in which the insurance contract is written. Liquidity is considered in defining the observable period and linear extrapolation is performed to the Company’s ultimate long-term economic assumptions. See “Annual Assumptions Review” below for further discussion regarding the Company’s long-term economic assumption setting process. The Company has foreign currency denominated insurance obligations to policyholders in certain emerging markets where there is limited or no observable market data on upper medium grade (low credit risk) fixed income instrument yields. As a proxy for the upper medium grade fixed income instrument yield, the Company estimates an equivalent global single A yield in the currency of the emerging economy by converting a global single A U.S. dollar bond yield curve based on the relationship between market observable U.S. Treasury and foreign sovereign yield curves of similar duration as the insurance liability cash flows. The derived global single A curves in the foreign currency are evaluated against available evidence of observable global single A corporate bond rates in similar emerging economies. The Company uses interpolation and extrapolation techniques to complete the discount rate construction for the duration of the insurance liabilities to calculate the liability for future policy benefits denominated in the local currencies. The Company’s liability for future policy benefits also includes net liabilities for guaranteed benefits related to certain long-duration life contracts, such as no-lapse guarantee contract features (Additional Insurance Reserves or “AIR” liability), for which a liability is established when associated assessments are recognized (which include investment margin on policyholders’ account balances in the general account and all policy charges including charges for administration, mortality, expense, surrender and other charges). This liability is established using current best estimate assumptions and is based on the ratio of the present value of total expected excess payments (i.e., payments in excess of account value) over the life of the contract divided by the present value of total expected assessments (i.e., benefit ratio). For universal life type contracts and participating contracts, the Company performs premium deficiency tests using best estimate assumptions as of the testing date. If the liabilities determined based on these best estimate assumptions are greater than the net reserves (i.e., GAAP reserves including URR, net of reinsurance, and any DSI or VOBA asset), the existing net reserves are adjusted by first reducing these assets by the amount of the deficiency or to zero through a charge to current period earnings. If the deficiency is more than these asset balances for insurance contracts, the net reserves are increased by the excess through a charge to current period earnings included in “policyholders’ benefits”. Since investment yields are used as the discount rate, the premium deficiency test is also performed using a discount rate based on the market yield (i.e., assuming what would be the impact if any unrealized gains (losses) were realized as of the testing date). In the event that by using the market yield a deficiency occurs, an adjustment is established for the deficiency and is included in AOCI. In certain instances, for universal life type contracts and participating contracts, the policyholder liability for a particular line of business may not be deficient in the aggregate to trigger loss recognition, but the pattern of earnings may be such that profits are expected to be recognized in earlier years followed by losses in later years. In these situations, accounting standards require that an additional liability (Profits Followed by Losses or “PFL” liability) be recognized by an amount necessary to sufficiently offset the losses that would be recognized in later years. Historically, PFL liabilities have been predominately associated with certain universal life contracts that measure GAAP reserves using a dynamic approach, and accordingly, are updated each quarter, using current in-force and market data, and as part of the annual assumption update, such that the liability as of each measurement date represents the Company’s current estimate of the present value of the amount necessary to offset anticipated future losses. The Company’s liability for future policy benefits also includes a liability for unpaid claims and claim adjustment expenses. The Company does not establish claim liabilities until a loss has been incurred. However, unpaid claims and claim adjustment expenses include estimates of claims that the Company believes have been incurred but have not yet been reported as of the balance sheet date.
Policyholders’ dividends	Policyholders’ dividends includes dividends payable to policyholders and the policyholder dividend obligation associated with the participating policies included in the Closed Block. The dividends payable for participating policies included in the Closed Block are determined at the end of each year for the following year by the Board of Directors of The Prudential Insurance Company of America (“PICA”) based on its statutory results, capital position, ratings, and the emerging experience of the Closed Block. The policyholder dividend obligation represents amounts expected to be paid to Closed Block policyholders as an additional policyholder dividend unless otherwise offset by future Closed Block performance. Any adjustments to the policyholder dividend obligation related to net unrealized gains (losses) on securities classified as available-for-sale are included in AOCI. For additional information regarding the policyholder dividend obligation, see Note 13. The dividends payable for policies other than the participating policies included in the Closed Block include dividends payable in accordance with certain group and individual insurance policies.
REVENUES, BENEFITS AND EXPENSES	REVENUES, BENEFITS AND EXPENSES Insurance Revenue and Expense Recognition Premiums from individual life products, other than universal and variable life contracts, and health insurance and long-term care products are recognized when due. When premiums are due over a significantly shorter period than the period over which benefits are provided, any gross premium in excess of the net premium (i.e., the portion of the gross premium required to provide for all expected future policy benefits and non-level claim settlement expenses) is generally deferred and recognized into revenue in a constant relationship to insurance in force. Benefits are recorded as an expense when they are incurred. A liability for future policy benefits is recorded when premiums are recognized as described in “Future policy benefits” above. Premiums from non-participating group annuities with life contingencies, single premium structured settlements with life contingencies and single premium immediate annuities with life contingencies are recognized when due. When premiums are due over a significantly shorter period than the period over which benefits are provided, any gross premium in excess of the net premium is generally deferred and recognized into revenue based on expected future benefit payments. Benefits are recorded as an expense when they are incurred. A liability for future policy benefits is recorded when premiums are recognized as described in “Future policy benefits” above. Certain individual annuity contracts provide the contractholder a guarantee that the benefit received upon death or annuitization will be no less than a minimum prescribed amount. These benefits are generally accounted for as market risk benefits (see “Market risk benefits” above). Amounts received from policyholders as payment for universal or variable group and individual life contracts, deferred fixed or variable annuities, structured settlements and other contracts without life contingencies, and participating group annuities are reported as deposits to “Policyholders’ account balances” and/or “Separate account liabilities.” Revenues from these contracts are reflected in “Policy charges and fee income” consisting primarily of fees assessed during the period against the policyholders’ account balances for mortality and other benefit charges, policy administration charges and surrender charges. In addition to fees, the Company earns investment income from the investment of deposits in the Company’s general account portfolio. Fees assessed that represent compensation to the Company for services to be provided in future periods and certain other fees are generally deferred and amortized into revenue over the life of the related contracts using the same methodology, factors, and assumption used to amortize DAC as described above. Benefits and expenses for these products include claims in excess of related account balances, expenses of contract administration, interest credited to policyholders’ account balances and amortization of DAC, DSI and VOBA. Policyholders’ account balances also include amounts representing the fair value of embedded derivative instruments associated with the index-linked features of certain universal life and annuity products where changes in the value of the embedded derivatives are recorded through “Realized investment gains (losses), net”. For additional information regarding the valuation of these embedded derivatives, see Note 6. For group life, other than universal and variable group life contracts, and disability insurance, premiums are generally recognized over the period to which the premiums relate in proportion to the amount of insurance protection provided. Claim and claim adjustment expenses are recognized when incurred.
Reinsurance And Annual Assumptions Review	OTHER ACCOUNTING POLICIES Reinsurance For each of its reinsurance contracts, the Company determines if the contract provides indemnification against loss or liability relating to insurance risk in accordance with applicable accounting standards. The Company reviews all contractual features, particularly those that may limit the amount of insurance risk to which the reinsurer is subject, or features that delay the timely reimbursement of claims. The Company participates in reinsurance arrangements in various capacities as either the ceding entity or as the reinsurer (i.e., assuming entity). See Note 12 for additional information regarding the Company’s reinsurance arrangements. Reinsurance assumed business is generally accounted for consistent with direct business. Amounts currently recoverable under reinsurance agreements are included in “Other assets” and amounts payable are included in “Other liabilities.” “Other assets” also includes recoverables from assumed modified coinsurance arrangements which generally reflect the fair value of the invested assets retained by the cedant and contain an embedded derivative that is bifurcated and accounted for at fair value separately from the host contract. Revenues and benefits and expenses include amounts assumed under reinsurance agreements and are reflected net of reinsurance ceded. Reinsurance ceded arrangements do not discharge the Company as the primary insurer. Ceded balances would represent a liability of the Company in the event the reinsurers were unable to meet their obligations to the Company under the terms of the reinsurance agreements. Reinsurance recoverables are reported net of the CECL allowance. The CECL allowance considers the credit quality of the reinsurance counterparty and is generally determined based on the probability of default and loss given default assumptions, after considering any applicable collateral arrangements. Additions to or releases of the allowance are reported in “Policyholders’ benefits”. Reinsurance premiums, commissions, expense reimbursements, benefits and reserves related to reinsured long-duration contracts under coinsurance arrangements are accounted for over the life of the underlying reinsured contracts using assumptions consistent with those used to account for the underlying contracts. For reinsurance of in- force blocks of non-participating traditional and limited-payment contracts, the current value of the direct liability as of inception of the reinsurance agreement is used to calculate the reinsurance recoverable and cost of reinsurance such that there is no immediate other comprehensive income or loss from recognition of the reinsurance recoverable at inception. Consistent with the direct liability, the reinsurance recoverable for non-participating traditional and limited-payment contracts is remeasured each period using current single A rates with the effect on the liability resulting from such updates recorded in “Interest rate remeasurement of future policy benefits” in OCI. Consistent with direct contracts, reinsurance arrangements may also include features that meet the definition of an MRB and, if so, are accounted for at fair value. The fair value of direct or assumed MRBs reflects the Company’s NPR, while the fair value of ceded MRBs reflects the counterparty credit risk of the reinsurer. Changes in the fair value of ceded MRBs, including the impact of changes in counterparty credit risk, are recorded in net income in “Change in value of market risk benefits, net of related hedging gains (losses)”. Coinsurance arrangements contrast with the Company’s yearly renewable term arrangements, where only mortality risk is transferred to the reinsurer and premiums are paid to the reinsurer to reinsure that risk. The mortality risk that is reinsured under yearly renewable term arrangements represents the difference between the stated death benefits in the underlying reinsured contracts and the corresponding reserves or account value carried by the Company on those same contracts. The premiums paid to the reinsurer are based upon negotiated amounts, not on the actual premiums paid by the underlying contractholders to the Company. As yearly renewable term arrangements are usually entered into by the Company with the expectation that the contracts will be in force for the lives of the underlying policies, they are considered to be long-duration reinsurance contracts. The cost of reinsurance for universal life products is generally recognized based on the gross assessments of the underlying direct policies. The cost of reinsurance for term insurance products is generally recognized in proportion to direct premiums over the life of the underlying policies. The cost of reinsurance related to short-duration reinsurance contracts is accounted for over the reinsurance contract period. If the Company determines that a reinsurance agreement does not expose the reinsurer to a reasonable possibility of a significant loss from insurance risk, the Company records the agreement using the deposit method of accounting. Deposits received are included in “Other liabilities” and deposits made are included in “Other assets”. As amounts are paid or received, consistent with the underlying contracts, the deposit assets or liabilities are adjusted. Interest on such deposits is recorded as “Net investment income” or “General and administrative expenses,” as appropriate. Annual Assumptions Review Annually, the Company performs a comprehensive review of the assumptions set for purposes of estimating future premiums, benefits, and other cash flows. Assumptions include those that are economic and those that are insurance related. Insurance related assumptions are based on the Company’s best estimates of future rates of mortality, morbidity, lapse, surrender, annuitization, expenses and other items. The Company generally looks to relevant Company experience as the primary basis for these assumptions. If relevant Company experience is not available or does not have sufficient credibility, the Company may look to experience of similar blocks of business, either in the Company or the industry. Mortality rate assumptions are generally based on Company experience, sometimes blending Company experience with an industry table where the Company experience alone is not sufficiently credible. The Company sets mortality and morbidity assumptions that vary by major type of business. Within type of business, rates vary by age and gender. The Company applies an adjustment for future mortality improvement, consistent with observed long-term trends of population mortality over time. Lapse and surrender assumptions are based on Company and industry experience, where available. The Company sets rates that vary by product type, taking into account features specific to the product. As part of this review, the Company may update these assumptions and make refinements to its models based upon emerging experience, future expectations and other data, including any observable market data it feels is indicative of a long-term trend. These assumptions are generally updated annually, unless a material change is observed in an interim period that the Company feels is also indicative of a long-term trend. Generally, the Company does not expect trends to change significantly in the short-term and, to the extent these trends may change, it expects such changes to be gradual over the long-term. The Company also performs a comprehensive review of the economic assumptions, including long-term interest rate assumptions and equity return assumptions, that impact reserve calculations. The Company generally utilizes relevant economic outlook information and industry surveys as the primary basis for these assumptions.
Future Adoption Of New Accounting Pronouncements

Business and Basis of Present_2

Business and Basis of Presentation (Tables)	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Adoption Of New Guidance On Financial Statements	Unaudited Interim Consolidated Statements of Financial Position: December 31, 2022 IMPACTED LINES ONLY As Previously Reported Effect of Change As Currently Reported (in millions) Deferred policy acquisition costs $ 19,537 $ 1,009 $ 20,546 Value of business acquired 595 26 621 Income tax assets 4,214 (4,214) 0 Market risk benefit assets 0 800 800 Other assets 30,188 1,491 31,679 TOTAL ASSETS 689,917 (888) 689,029 Future policy benefits 284,452 (22,679) 261,773 Policyholders' account balances 135,602 22 135,624 Market risk benefit liabilities 0 5,864 5,864 Income taxes 0 277 277 Other liabilities 20,536 1,288 21,824 Total liabilities 672,709 (15,228) 657,481 Accumulated other comprehensive income (loss) (19,827) 16,021 (3,806) Retained earnings 33,392 (1,678) 31,714 Total Prudential Financial, Inc. equity 16,250 14,343 30,593 Noncontrolling interests 958 (3) 955 Total equity 17,208 14,340 31,548 TOTAL LIABILITIES AND EQUITY $ 689,917 $ (888) $ 689,029 Unaudited Interim Consolidated Statements of Operations: Three Months Ended June 30, 2022 IMPACTED LINES ONLY As Previously Reported Effect of Change As Currently Reported (in millions, except per share amounts) REVENUES Premiums $ 7,112 $ (635) $ 6,477 Policy charges and fee income 1,551 (576) 975 Other income (loss) 580 781 1,361 Realized investment gains (losses), net (1,147) (489) (1,636) Change in value of market risk benefits, net of related hedging gain 0 (710) (710) Total revenues 13,021 (1,629) 11,392 BENEFITS AND EXPENSES Policyholders' benefits 9,612 (1,654) 7,958 Change in estimates of liability for future policy benefits 0 777 777 Interest credited to policyholders' account balances 665 (21) 644 Amortization of deferred policy acquisition costs 581 (223) 358 General and administrative expenses 2,881 49 2,930 Total benefits and expenses 13,532 (1,072) 12,460 INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES (511) (557) (1,068) Total income tax expense (benefit) 11 (130) (119) INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES (522) (427) (949) Equity in earnings of operating joint ventures, net of taxes (50) (18) (68) NET INCOME (LOSS) (572) (445) (1,017) NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC. $ (565) $ (445) $ (1,010) EARNINGS PER SHARE Basic earnings per share-Common Stock: Net income (loss) attributable to Prudential Financial, Inc. $ (1.53) $ (1.18) $ (2.71) Diluted earnings per share-Common Stock: Net income (loss) attributable to Prudential Financial, Inc. $ (1.53) $ (1.18) $ (2.71) Unaudited Interim Consolidated Statements of Comprehensive Income: Three Months Ended June 30, 2022 IMPACTED LINES ONLY As Previously Reported Effect of Change As Currently Reported (in millions) NET INCOME (LOSS) $ (572) $ (445) $ (1,017) Other comprehensive income (loss), before tax: Foreign currency translation adjustments for the period (984) 72 (912) Net unrealized investment gains (losses) (17,740) (1,414) (19,154) Interest rate remeasurement of future policy benefits 0 25,029 25,029 Gain (loss) from changes in non-performance risk on market risk benefits 0 200 200 Total (18,336) 23,887 5,551 Less: Income tax expense (benefit) related to other comprehensive income (loss) (3,953) 5,654 1,701 Other comprehensive income (loss), net of taxes (14,383) 18,233 3,850 Comprehensive income (loss) (14,955) 17,788 2,833 Comprehensive income (loss) attributable to Prudential Financial, Inc. $ (14,948) $ 17,788 $ 2,840 Six Months Ended June 30, 2022 IMPACTED LINES ONLY As Previously Reported Effect of Change As Currently Reported (in millions) NET INCOME (LOSS) $ (616) $ (907) $ (1,523) Other comprehensive income (loss), before tax: Foreign currency translation adjustments for the period (1,336) 35 (1,301) Net unrealized investment gains (losses) (39,510) (2,477) (41,987) Interest rate remeasurement of future policy benefits 0 48,618 48,618 Gain (loss) from changes in non-performance risk on market risk benefits 0 1,307 1,307 Total (40,393) 47,483 7,090 Less: Income tax expense (benefit) related to other comprehensive income (loss) (8,890) 11,191 2,301 Other comprehensive income (loss), net of taxes (31,503) 36,292 4,789 Comprehensive income (loss) (32,119) 35,385 3,266 Comprehensive income (loss) attributable to Prudential Financial, Inc. $ (32,098) $ 35,385 $ 3,287 Unaudited Interim Consolidated Statements of Cash Flows: Six Months Ended June 30, 2022 IMPACTED LINES ONLY As Previously Reported Effect of Change As Currently Reported (in millions) CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $ (616) $ (907) $ (1,523) Adjustments to reconcile net income to net cash provided by operating activities: Realized investment (gains) losses, net 1,463 1,217 2,680 Change in value of market risk benefits, net of related hedging (gain) loss 0 980 980 Policy charges and fee income (1,334) 230 (1,104) Interest credited to policyholders' account balances 834 (130) 704 Depreciation and amortization 188 (6) 182 Change in: Deferred policy acquisition costs 324 (681) (357) Future policy benefits and other insurance liabilities 4,094 (2) 4,092 Income taxes (1,371) (205) (1,576) Derivatives, net (2,301) 332 (1,969) Other, net (859) (828) (1,687) Cash flows from (used in) operating activities $ 1,502 $ 0 $ 1,502 The following tables detail the January 1, 2021 transition adjustments by providing a rollforward of the ending reported balances as of December 31, 2020 to the opening balances as of January 1, 2021 for retained earnings, accumulated other comprehensive income (“AOCI”) and the impacted insurance-related balances. January 1, 2021 Retained Earnings (in millions) Balance after-tax, prior to transition $ 30,749 Reclassification of market risk benefits non-performance risk to AOCI(1) (1,588) Updates to certain universal life contract liabilities(2) (1,025) Change in non-participating traditional and limited-payment contract liabilities(3) (543) Other (271) Total pre-tax adjustments (3,427) Tax impacts 815 Balance after-tax, after transition $ 28,137 __________ (1) Reflects the cumulative impact of changes in the fair value of market risk benefits (“MRB”) non-performance risk (“NPR”) from the date of contract issuance to January 1, 2021. These amounts were previously recorded in retained earnings but are now reflected in AOCI under the new guidance. (2) Reflects the impact on additional insurance reserves (“AIR”) and other related balances primarily related to the no-lapse guarantee features on certain universal life contracts in the Individual Life segment. For additional information, see Note 2. (3) Reflects the impact on in-force contract liabilities where expected benefits exceed expected gross premiums and/or exhausts any deferred profit liabilities at any issue-year cohort level as a result of updating to current best estimate cash flow assumptions as of transition date, as well as the impact of flooring the liability for future policy benefits at zero at the issue-year cohort level as of transition date. January 1, 2021 Accumulated Other Comprehensive Income (in millions) Balance after-tax, prior to transition $ 30,738 Unwinding amounts related to unrealized investment gains and losses(1) 5,534 Reclassification of MRB NPR to AOCI(2) 1,588 Interest rate remeasurement of future policy benefits(3) (62,711) Change in operating joint ventures (12) Total pre-tax adjustments (55,601) Tax impacts 13,205 Balance after-tax, after transition $ (11,658) __________ (1) Primarily reflects i) the removal of amounts related to the impact of unrealized investment gains and losses on premium deficiency reserves for non-participating traditional and limited-payment contracts and ii) amounts related to DAC and other balances as unrealized investment gains or losses no longer impact the amortization pattern of such balances under the new guidance. Also includes the impacts from updates to reserves and other related balances for certain universal life contracts. For additional information, see Note 2. (2) Reflects the cumulative impact of changes in NPR on the fair value of market risk benefits from the date of contract issuance to January 1, 2021. These amounts were previously recorded in retained earnings but are now reflected in AOCI under the new guidance. (3) Reflects the impact of remeasuring in-force non-participating traditional and limited-payment contract liabilities using current upper-medium grade fixed income instrument yields. This adjustment largely reflects the difference between discount rates locked-in at contract inception versus current discount rates as of January 1, 2021.
Schedule of Deferred Policy Acquisition Costs	January 1, 2021 Deferred Policy Acquisition Costs Retirement Strategies Individual Life International Businesses Other Businesses Total Individual Variable Term Life Variable/ Life Gibraltar (in millions) Balance prior to transition $ 4,643 $ 2,417 $ 3,779 $ 4,278 $ 3,390 $ 520 $ 19,027 Unwinding amounts related to unrealized investment gains and losses and other activity 273 0 450 337 570 106 1,736 Balance after transition $ 4,916 $ 2,417 $ 4,229 $ 4,615 $ 3,960 $ 626 $ 20,763 The following tables show a rollforward for the lines of business that contain material DAC balances, along with a reconciliation to the Company’s total DAC balance: Six Months Ended June 30, 2023 Retirement Strategies Individual Life International Businesses Total Individual Variable Term Life Variable/ Life Planner Gibraltar Life (in millions) Balance, BOP $ 4,171 $ 2,288 $ 5,000 $ 4,710 $ 4,231 $ 20,400 Capitalization 124 72 291 300 294 1,081 Amortization expense (186) (107) (121) (163) (156) (733) Other adjustments(1) (393) 0 0 9 0 (384) Foreign currency adjustment 0 0 0 (124) (117) (241) Balance, EOP $ 3,716 $ 2,253 $ 5,170 $ 4,732 $ 4,252 20,123 Other businesses 197 Total DAC balance $ 20,320 _________ (1) Includes the impact of the reinsurance transaction with Ohio National in Individual Retirement Strategies. See Note 12 for additional information. Six Months Ended June 30, 2022 Retirement Strategies Individual Life International Businesses Total Individual Variable Term Life Variable/ Life Planner Gibraltar Life (in millions) Balance, BOP $ 4,872 $ 2,372 $ 4,679 $ 4,685 $ 4,135 $ 20,743 Capitalization 159 66 275 305 293 1,098 Amortization expense (205) (105) (119) (162) (151) (742) Other adjustments(1) (584) 0 0 10 0 (574) Foreign currency adjustment 0 0 0 (313) (238) (551) Balance, EOP $ 4,242 $ 2,333 $ 4,835 $ 4,525 $ 4,039 19,974 Other businesses 118 Total DAC balance $ 20,092 _________ (1) Includes $584 million in Individual Retirement Strategies related to the sale of PALAC. See Note 1 for additional information. .
Deferred Sales Inducements	January 1, 2021 Deferred Sales Inducements(1) Retirement Strategies Other Businesses Total Individual Variable (in millions) Balance prior to transition $ 781 $ 39 $ 820 Unwinding amounts related to unrealized investment gains and losses 85 2 87 Balance after transition $ 866 $ 41 $ 907 __________ (1) Deferred sales inducements (“DSI”) are included in “Other assets”. The following table shows a rollforward of DSI balances for variable annuity products within Individual Retirement Strategies, which is the only line of business that contains a material DSI balance, along with a reconciliation to the Company’s total DSI balance: Six Months Ended June 30, 2023 2022 (in millions) Balance, BOP $ 446 $ 799 Capitalization 2 1 Amortization expense (20) (27) Other adjustments(1) 0 (308) Balance, EOP 428 465 Other businesses 34 36 Total DSI balance $ 462 $ 501 _________ (1) The 2022 amount relates to the sale of PALAC. See Note 1 for additional information.
Schedule of Value of Business Acquired	January 1, 2021 Value of Business Acquired International Businesses Other Businesses(1) Total Gibraltar Life and Other (in millions) Balance prior to transition $ 852 $ 251 $ 1,103 Unwinding amounts related to unrealized investment gains and losses and other activity 59 1 60 Balance after transition $ 911 $ 252 $ 1,163 __________ (1) Primarily represents value of business acquired (“VOBA”) for the Full Service Retirement business. The following table shows a rollforward of VOBA balances for Gibraltar Life and Other, which is the only line of business that contains a material VOBA balance, along with a reconciliation to the Company’s total VOBA balance: Six Months Ended June 30, 2023 2022 (in millions) Balance, BOP $ 597 $ 746 Amortization expense (26) (32) Foreign currency adjustment (48) (106) Balance, EOP 523 608 Other businesses 19 (18) Total VOBA balance $ 542 $ 590 The following table provides VOBA balances for the applicable businesses for the period ended June 30: 2023 (in millions) Gibraltar Life $ 523 Aoba Life 19 Total $ 542
Liability for Future Policy Benefit, Activity	January 1, 2021 Benefit Reserves(1) Retirement Strategies Individual International Businesses Corporate and Other Other Businesses(2) Total Institutional Term Life Gibraltar Long- (in millions) Balance prior to transition $ 65,383 $ 7,887 $ 51,607 $ 69,542 $ 7,975 $ 6,624 $ 209,018 Changes in cash flow assumptions and other activity (3,805) 0 10 (523) (18) 1 (4,335) Balance after transition, at original discount rate 61,578 7,887 51,617 69,019 7,957 6,625 204,683 Cumulative changes in discount rate assumptions and other activity 13,548 2,662 22,590 13,784 4,905 5,381 62,870 Balance after transition, at current discount rate 75,126 10,549 74,207 82,803 12,862 12,006 267,553 Less: Reinsurance recoverable 0 799 160 307 0 13 1,279 Balance after transition, net of reinsurance recoverable $ 75,126 $ 9,750 $ 74,047 $ 82,496 $ 12,862 $ 11,993 $ 266,274 __________ (1) Benefit reserves, excluding amounts for reinsurance recoverable, are included in "Future policy benefits." For additional information regarding the liability for future policy benefits, see Note 9. (2) Primarily represents benefit reserves related to the Prudential of Taiwan business that was sold in the second quarter of 2021. The Company did not choose to apply ASU 2022-05 to this disposal transaction. See Note 2 for additional information. January 1, 2021 Deferred Profit Liability(1) Retirement Strategies International Businesses Other Businesses Total Institutional Life Planner Gibraltar Life and Other (in millions) Balance prior to transition $ 1,315 $ 1,964 $ 3,746 $ 349 $ 7,374 Changes in benefit reserves 3,801 110 730 148 4,789 Balance after transition 5,116 2,074 4,476 497 12,163 Less: Reinsurance recoverable 0 7 15 0 22 Balance after transition, net of reinsurance recoverable $ 5,116 $ 2,067 $ 4,461 $ 497 $ 12,141 __________ (1) Deferred profit liability (“DPL”), excluding amounts for reinsurance recoverable, is included in "Future policy benefits." For additional information regarding the liability for future policy benefits, see Note 9. January 1, 2021 Additional Insurance Reserves(1) Retirement Strategies Individual Life Other Businesses Total Individual Variable Variable/ Universal Life (in millions) Balance prior to transition $ 889 $ 9,415 $ 483 $ 10,787 Unwinding amounts related to unrealized investment gains and losses (65) (1,444) (106) (1,615) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 824 7,971 377 9,172 Reclassification of future policy benefits AIR to MRB (824) 0 (92) (916) Reclassification of policyholders’ account balances AIR to MRB 0 0 (48) (48) Updates to certain universal life contract liabilities(2) 0 1,772 7 1,779 Change in discount rate for annuitization benefits 0 0 116 116 Balance after transition, excluding amounts related to unrealized investment gains and losses 0 9,743 360 10,103 Amounts related to unrealized investment gains and losses after transition 0 1,186 0 1,186 Balance after transition 0 10,929 360 11,289 Less: Reinsurance recoverable 0 4,387 0 4,387 Balance after transition, net of reinsurance recoverable $ 0 $ 6,542 $ 360 $ 6,902 __________ (1) Additional insurance reserves (“AIR”), excluding amounts for reinsurance recoverable, are included in “Future policy benefits”. For additional information regarding the liability for future policy benefits, see Note 9. (2) For additional information regarding updates to reserves and other related balances for certain universal life contracts, see Note 2. January 1, 2021 Universal Life Loss Recognition Reserves/Profit Followed by Losses Liability(1) Individual Life Other Businesses Total (in millions) Balance prior to transition $ 1,823 $ 6 $ 1,829 Unwinding amounts related to unrealized investment gains and losses (1,149) 0 (1,149) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 674 6 680 Derecognizing LRR & PFL (674) 0 (674) Balance after transition, excluding amounts related to unrealized investment gains and losses 0 6 6 Amounts related to unrealized investment gains and losses after transition 1,018 0 1,018 Balance after transition $ 1,018 $ 6 $ 1,024 __________ (1) Universal life loss recognition reserves (“LRR”) / profit followed by losses liability (“PFL”) are included in “Future policy benefits”. For additional information regarding the liability for future policy benefits, see Note 9. January 1, 2021 Non-Participating Traditional and Limited-Payment Loss Recognition Reserves/Profit Followed by Losses Liability(1) Retirement Strategies International Businesses Corporate and Other Other Businesses Total Institutional Life Planner Gibraltar Life and Other Long- Term Care (in millions) Balance prior to transition $ 1,985 $ 181 $ 670 $ 734 $ 145 $ 3,715 Unwinding amounts related to unrealized investment gains and losses (1,985) (169) (670) (734) (105) (3,663) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 0 12 0 0 40 52 Derecognizing LRR & PFL 0 (12) 0 0 (40) (52) Balance after transition $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 __________ (1) Prior to the adoption of ASU 2018-12, non-participating traditional and limited-payment loss recognition reserves / profit followed by losses liabilities were included in “Future policy benefits”. January 1, 2021 Terminal Dividend Liability(1) Individual Life Closed Block Division Total Variable/ Universal Life Term Life (in millions) Balance prior to transition $ 212 $ 4 $ 375 $ 591 Unwinding amounts related to unrealized investment gains and losses and other activity (11) 0 0 (11) Balance after transition 201 4 375 580 Less: Reinsurance recoverable 0 0 0 0 Balance after transition, net of reinsurance recoverable $ 201 $ 4 $ 375 $ 580 __________ (1) Terminal dividend liability is included in “Future policy benefits”. The balances of and changes in Benefit Reserves as of and for the periods indicated consist of the three tables presented below: Present Value of Expected Net Premiums rollforward, Present Value of Expected Future Policy Benefits rollforward, and Net Liability for Future Policy Benefits. Six Months Ended June 30, 2023 Present Value of Expected Net Premiums Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 52,620 $ 11,282 $ 30,689 $ 28,951 $ 2,932 $ 126,474 Effect of cumulative changes in discount rate assumptions, BOP 14,349 572 1,354 1,326 103 17,704 Balance at original discount rate, BOP 66,969 11,854 32,043 30,277 3,035 144,178 Effect of assumption update (1,117) (1) 78 (175) 266 (949) Effect of actual variances from expected experience and other activity 378 (81) (417) (332) 121 (331) Adjusted balance, BOP 66,230 11,772 31,704 29,770 3,422 142,898 Issuances 5,783 338 1,253 865 0 8,239 Net premiums / considerations collected (4,944) (711) (2,106) (1,928) (154) (9,843) Interest accrual 1,049 270 458 402 77 2,256 Foreign currency adjustment 3,816 0 (1,080) (1,214) 0 1,522 Other adjustments 0 0 93 0 0 93 Balance at original discount rate, EOP 71,934 11,669 30,322 27,895 3,345 145,165 Effect of cumulative changes in discount rate assumptions, EOP (18,002) (497) (594) (614) (89) (19,796) Balance, EOP $ 53,932 $ 11,172 $ 29,728 $ 27,281 $ 3,256 $ 125,369 Other businesses, EOP 85 Total balance, EOP $ 125,454 Six Months Ended June 30, 2023 Present Value of Expected Future Policy Benefits Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 117,754 $ 19,288 $ 78,639 $ 80,331 $ 10,685 $ 306,697 Effect of cumulative changes in discount rate assumptions, BOP 20,170 1,012 3,719 11,266 1,216 37,383 Balance at original discount rate, BOP 137,924 20,300 82,358 91,597 11,901 344,080 Effect of assumption update (1,289) (1) 145 44 357 (744) Effect of actual variances from expected experience and other activity 351 (96) (381) (323) 136 (313) Adjusted balance, BOP 136,986 20,203 82,122 91,318 12,394 343,023 Issuances 5,783 338 1,253 865 0 8,239 Interest accrual 2,457 472 1,325 1,162 292 5,708 Benefit payments (5,643) (779) (1,777) (2,270) (122) (10,591) Foreign currency adjustment 3,898 0 (3,243) (4,355) 0 (3,700) Other adjustments 4 (13) 179 (11) 0 159 Balance at original discount rate, EOP 143,485 20,221 79,859 86,709 12,564 342,838 Effect of cumulative changes in discount rate assumptions, EOP (22,882) (823) 715 (6,148) (999) (30,137) Balance, EOP $ 120,603 $ 19,398 $ 80,574 $ 80,561 $ 11,565 $ 312,701 Other businesses, EOP 1,707 Total balance, EOP $ 314,408 Six Months Ended June 30, 2023 Net Liability for Future Policy Benefits - Benefit Reserves Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, EOP, pre-flooring $ 66,671 $ 8,225 $ 50,846 $ 53,279 $ 8,309 $ 187,330 Flooring impact, EOP 1 0 17 2 0 20 Balance, EOP, post-flooring 66,672 8,225 50,863 53,281 8,309 187,350 Less: Reinsurance recoverable 0 707 104 211 0 1,022 Balance after reinsurance recoverable, EOP, post-flooring $ 66,672 $ 7,518 $ 50,759 $ 53,070 $ 8,309 $ 186,328 Other businesses, EOP(1) 1,553 Total balance after reinsurance recoverable, EOP $ 187,881 Six Months Ended June 30, 2022 Present Value of Expected Net Premiums Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 68,791 $ 12,971 $ 39,517 $ 37,815 $ 3,585 $ 162,679 Effect of cumulative changes in discount rate assumptions, BOP (4,414) (1,892) (3,516) (3,239) (644) (13,705) Balance at original discount rate, BOP 64,377 11,079 36,001 34,576 2,941 148,974 Effect of assumption update 249 1,313 (76) (176) 49 1,359 Effect of actual variances from expected experience and other activity 282 40 (719) (274) 132 (539) Adjusted balance, BOP 64,908 12,432 35,206 34,126 3,122 149,794 Issuances 2,436 204 1,831 1,429 0 5,900 Net premiums / considerations collected (3,232) (689) (2,277) (2,215) (139) (8,552) Interest accrual 800 266 487 446 72 2,071 Foreign currency adjustment (6,646) 0 (2,644) (2,545) 0 (11,835) Other adjustments 0 (8) 121 0 0 113 Balance at original discount rate, EOP 58,266 12,205 32,724 31,241 3,055 137,491 Effect of cumulative changes in discount rate assumptions, EOP (8,098) 22 (6) (23) 70 (8,035) Balance, EOP $ 50,168 $ 12,227 $ 32,718 $ 31,218 $ 3,125 $ 129,456 Other businesses, EOP 109 Total balance, EOP $ 129,565 Six Months Ended June 30, 2022 Present Value of Expected Future Policy Benefits Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 142,593 $ 22,768 $ 109,562 $ 114,846 $ 15,810 $ 405,579 Effect of cumulative changes in discount rate assumptions, BOP (13,706) (3,876) (21,554) (13,476) (4,482) (57,094) Balance at original discount rate, BOP 128,887 18,892 88,008 101,370 11,328 348,485 Effect of assumption update (187) 1,777 (115) (164) 49 1,360 Effect of actual variances from expected experience and other activity 190 54 (795) (235) 152 (634) Adjusted balance, BOP 128,890 20,723 87,098 100,971 11,529 349,211 Issuances 2,436 204 1,831 1,429 0 5,900 Interest accrual 1,992 460 1,357 1,235 273 5,317 Benefit payments (4,880) (810) (1,642) (2,590) (119) (10,041) Foreign currency adjustment (6,842) 0 (7,250) (8,921) 0 (23,013) Other adjustments (418) (15) 243 (8) 0 (198) Balance at original discount rate, EOP 121,178 20,562 81,637 92,116 11,683 327,176 Effect of cumulative changes in discount rate assumptions, EOP (10,638) 161 2,708 (4,876) (178) (12,823) Balance, EOP $ 110,540 $ 20,723 $ 84,345 $ 87,240 $ 11,505 $ 314,353 Other businesses, EOP 2,043 Total balance, EOP $ 316,396 Six Months Ended June 30, 2022 Net Liability for Future Policy Benefits - Benefit Reserves Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, EOP, pre-flooring $ 60,372 $ 8,497 $ 51,627 $ 56,021 $ 8,380 $ 184,897 Flooring impact, EOP 44 0 102 162 0 308 Balance, EOP, post-flooring 60,416 8,497 51,729 56,183 8,380 185,205 Less: Reinsurance recoverable 0 782 128 219 0 1,129 Balance after reinsurance recoverable, EOP, post-flooring $ 60,416 $ 7,715 $ 51,601 $ 55,964 $ 8,380 $ 184,076 Other businesses, EOP(1) 1,852 Total balance after reinsurance recoverable, EOP $ 185,928 __________ (1) Reflects balance after reinsurance recoverable of $71 million and $81 million at June 30, 2023 and 2022, respectively. The following tables provide supplemental information related to the balances of and changes in Benefit Reserves included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: Six Months Ended June 30, 2023 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care ($ in millions) Undiscounted expected future gross premiums $ 114,545 $ 23,200 $ 70,654 $ 57,912 $ 6,972 Discounted expected future gross premiums (at original discount rate) $ 79,109 $ 15,427 $ 54,694 $ 46,591 $ 4,561 Discounted expected future gross premiums (at current discount rate) $ 59,307 $ 14,789 $ 54,132 $ 45,778 $ 4,444 Undiscounted expected future benefits and expenses $ 220,313 $ 31,195 $ 140,232 $ 142,232 $ 30,913 Interest accrual $ 1,408 $ 202 $ 867 $ 760 $ 215 Gross premiums $ 5,335 $ 923 $ 3,340 $ 3,174 $ 222 Weighted-average duration of the liability in years (at original discount rate) 8 10 20 19 18 Weighted-average duration of the liability in years (at current discount rate) 8 10 20 18 18 Weighted-average interest rate (at original discount rate) 4.39 % 5.18 % 3.45 % 2.57 % 4.91 % Weighted-average interest rate (at current discount rate) 5.30 % 5.28 % 2.85 % 2.75 % 5.47 % Six Months Ended June 30, 2022 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care ($ in millions) Undiscounted expected future gross premiums $ 87,851 $ 23,901 $ 75,418 $ 65,827 $ 7,122 Discounted expected future gross premiums (at original discount rate) $ 63,647 $ 15,877 $ 58,628 $ 52,470 $ 4,605 Discounted expected future gross premiums (at current discount rate) $ 54,888 $ 15,911 $ 59,093 $ 52,619 $ 4,714 Undiscounted expected future benefits and expenses $ 182,241 $ 31,885 $ 148,659 $ 157,157 $ 29,554 Interest accrual $ 1,192 $ 194 $ 870 $ 789 $ 201 Gross premiums $ 3,437 $ 947 $ 3,656 $ 3,631 $ 218 Weighted-average duration of the liability in years (at original discount rate) 9 11 21 21 19 Weighted-average duration of the liability in years (at current discount rate) 8 10 20 18 19 Weighted-average interest rate (at original discount rate) 4.19 % 5.25 % 3.44 % 2.52 % 4.91 % Weighted-average interest rate (at current discount rate) 4.68 % 4.63 % 2.61 % 2.48 % 5.02 % The balances of and changes in Deferred Profit Liability as of and for the period indicated are as follows: Six Months Ended June 30, 2023 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,532 $ 3,379 $ 5,261 $ 14,172 Flooring impact, BOP 0 0 1 1 Balance, BOP, pre-flooring 5,532 3,379 5,260 14,171 Effect of assumption update 35 (67) (228) (260) Effect of actual variances from expected experience and other activity 19 (4) (18) (3) Adjusted balance, BOP 5,586 3,308 5,014 13,908 Profits deferred 197 850 665 1,712 Interest accrual 113 71 76 260 Amortization (282) (579) (512) (1,373) Foreign currency adjustment 14 (72) (188) (246) Other adjustments 0 20 0 20 Balance, EOP, pre-flooring 5,628 3,598 5,055 14,281 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,628 3,598 5,056 14,282 Less: Reinsurance recoverable 0 8 10 18 Balance after reinsurance recoverable $ 5,628 $ 3,590 $ 5,046 14,264 Other businesses(1) 149 Total balance after reinsurance recoverable $ 14,413 Six Months Ended June 30, 2022 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,183 $ 2,741 $ 5,014 $ 12,938 Flooring impact, BOP 0 0 1 1 Balance, BOP, pre-flooring 5,183 2,741 5,013 12,937 Effect of assumption update 382 28 (5) 405 Effect of actual variances from expected experience and other activity 96 3 (49) 50 Adjusted balance, BOP 5,661 2,772 4,959 13,392 Profits deferred 21 875 759 1,655 Interest accrual 104 60 71 235 Amortization (272) (573) (526) (1,371) Foreign currency adjustment (28) (166) (363) (557) Other adjustments 0 19 (1) 18 Balance, EOP, pre-flooring 5,486 2,987 4,899 13,372 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,486 2,987 4,900 13,373 Less: Reinsurance recoverable 0 8 10 18 Balance after reinsurance recoverable $ 5,486 $ 2,979 $ 4,890 13,355 Other businesses(1) 189 Total balance after reinsurance recoverable $ 13,544 __________ (1) Reflects balance after reinsurance recoverable of $0 million and $1 million at June 30, 2023 and 2022, respectively. The following tables provide supplemental information related to the balances of and changes in Deferred Profit Liability, included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: Six Months Ended June 30, 2023 Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other (in millions) Revenue(1) $ (83) $ (291) $ 18 Interest accrual $ 113 $ 71 $ 76 Six Months Ended June 30, 2022 Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other (in millions) Revenue(1) $ (330) $ (415) $ (250) Interest accrual $ 104 $ 60 $ 71 __________ (1) Represents the gross premiums collected in changes in Deferred Profit Liability excluding impact of foreign currency adjustments. The following table shows a rollforward of AIR balances for variable and universal life products within Individual Life, which is the only line of business that contains a material AIR balance, for the period indicated, along with a reconciliation to the Company’s total AIR balance: Six Months Ended June 30, 2023 2022 (in millions) Balance, including amounts in AOCI, BOP, post-flooring $ 12,684 $ 11,708 Flooring impact and amounts in AOCI 1,285 (909) Balance, excluding amounts in AOCI, BOP, pre-flooring 13,969 10,799 Effect of assumption update 23 2,200 Effect of actual variances from expected experience and other activity 26 (156) Adjusted balance, BOP 14,018 12,843 Assessments collected(1) 518 453 Interest accrual 239 205 Benefits paid (153) (118) Balance, excluding amounts in AOCI, EOP, pre-flooring 14,622 13,383 Flooring impact and amounts in AOCI (1,109) (869) Balance, including amounts in AOCI, EOP, post-flooring 13,513 12,514 Less: Reinsurance recoverable 5,484 5,004 Balance after reinsurance recoverable, including amounts in AOCI, EOP 8,029 7,510 Other businesses 147 165 Total balance after reinsurance recoverable $ 8,176 $ 7,675 __________ (1) Represents the portion of gross assessments required to fund the future policy benefits. Six Months Ended June 30, 2023 2022 ($ in millions) Interest accrual $ 239 $ 205 Gross assessments $ 1,547 $ 1,230 Weighted-average duration of the liability in years (at original discount rate) 22 23 Weighted-average interest rate (at original discount rate) 3.39 % 3.72 % The following table presents the reconciliation of the ending balances from above rollforwards, Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability including other liabilities, gross of related reinsurance recoverable, to the total liability for Future Policy Benefits on the Company's Consolidated Statement of Financial Position as of the periods indicated: Six Months Ended June 30, 2023 2022 (in millions) Benefit reserves, EOP, post-flooring $ 188,974 $ 187,139 Deferred Profit Liability EOP, post-flooring 14,431 13,563 Additional insurance reserves, including amounts in AOCI, EOP, post-flooring 13,660 12,679 Subtotal of amounts disclosed above 217,065 213,381 Other Future Policy Benefits reserves(1) 51,584 52,709 Total Future Policy Benefits $ 268,649 $ 266,090 __________ The following tables present revenue and interest expense related to Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability, as well as related revenue and interest expense not presented in the above supplemental tables, in the Company's Consolidated Statement of Operations as of the periods indicated: Six Months Ended June 30, 2023 Revenues(1) Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 5,335 $ 923 $ 0 $ 3,340 $ 3,174 $ 273 $ 13,045 Deferred profit liability (83) 0 0 (291) 18 34 (322) Additional insurance reserves 0 0 1,547 0 0 0 1,547 Total $ 5,252 $ 923 $ 1,547 $ 3,049 $ 3,192 $ 307 $ 14,270 Six Months Ended June 30, 2022 Revenues(1) Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 3,437 $ 947 $ 0 $ 3,656 $ 3,631 $ 268 $ 11,939 Deferred profit liability (330) 0 0 (415) (250) 36 (959) Additional insurance reserves 0 0 1,230 0 0 1 1,231 Total $ 3,107 $ 947 $ 1,230 $ 3,241 $ 3,381 $ 305 $ 12,211 Six Months Ended June 30, 2023 Interest Expense Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 1,408 $ 202 $ 0 $ 867 $ 760 $ 242 $ 3,479 Deferred profit liability 113 0 0 71 76 2 262 Additional insurance reserves 0 0 239 0 0 1 240 Total $ 1,521 $ 202 $ 239 $ 938 $ 836 $ 245 $ 3,981 Six Months Ended June 30, 2022 Interest Expense Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 1,192 $ 194 $ 0 $ 870 $ 789 $ 230 $ 3,275 Deferred profit liability 104 0 0 60 71 3 238 Additional insurance reserves 0 0 205 0 0 2 207 Total $ 1,296 $ 194 $ 205 $ 930 $ 860 $ 235 $ 3,720 __________ (1) Represents "Gross Premiums" for benefit reserves, "Revenue" for deferred profit liability and "Gross Assessments" for additional insurance reserves. (2) Includes remaining balances disclosed above and balances for which disaggregated rollforward disclosures may not be presented above.
Additional Liability, Long-Duration Insurance	January 1, 2021 Unearned Revenue Reserves(1) Individual Life International Businesses Variable/Universal Life Life Planner Gibraltar Life and Other Corporate and Other Other Businesses Total (in millions) Balance prior to transition $ 2,204 $ 161 $ 45 $ 152 $ 30 $ 2,592 Unwinding amounts related to unrealized investment gains and losses and other activity 539 2 5 38 0 584 Balance after transition 2,743 163 50 190 30 3,176 Less: Reinsurance recoverable 0 0 0 0 0 0 Balance after transition, net of reinsurance recoverable $ 2,743 $ 163 $ 50 $ 190 $ 30 $ 3,176 __________ (1) Unearned revenue reserves (“URR”) are included in “Policyholders' account balances”. January 1, 2021 Cost of Reinsurance(1) Individual Life Variable/Universal Life (in millions) Balance prior to transition $ 3,058 Unwinding amounts related to unrealized investment gains and losses (659) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 2,399 Impact from updates to certain universal life contract liabilities(2) 860 Balance after transition, excluding amounts related to unrealized investment gains and losses 3,259 Amounts related to unrealized investment gains and losses after transition 580 Balance after transition $ 3,839 _________ (1) Cost of reinsurance is included in “Other liabilities.”
Market Risk Benefit, Activity	January 1, 2021 Market Risk Benefits(1) Retirement Strategies Other Businesses Total Individual Variable (in millions) Liability for guaranteed benefits recorded at fair value, prior to transition $ 18,731 $ 148 $ 18,879 AIR to be reclassified to MRB, prior to transition, excluding amounts related to unrealized investment gains and losses 824 140 964 Total liability prior to transition 19,555 288 19,843 Change in reserve basis to MRB framework 122 98 220 MRB after transition, at current NPR value 19,677 386 20,063 Less: Reinsured MRB 204 7 211 MRB after transition, net of reinsurance 19,473 379 19,852 MRB after transition, at contract inception NPR value 21,259 392 21,651 Cumulative change in NPR 1,582 6 1,588 MRB after transition, at current NPR value $ 19,677 $ 386 $ 20,063 __________ (1) For additional information regarding market risk benefits, see Note 11. The following table shows a rollforward of MRB balances for variable annuity products within Individual Retirement Strategies, which is the only line of business that contains a material MRB balance, along with a reconciliation to the Company’s total net MRB positions as of the following dates: Six Months Ended June 30, 2023 2022 (in millions) Balance, BOP $ 4,987 $ 13,392 Effect of cumulative changes in NPR 1,828 898 Balance, BOP, before effect of changes in NPR 6,815 14,290 Attributed fees collected 601 734 Claims paid (59) (33) Interest accrual 173 31 Actual in force different from expected 36 61 Effect of changes in interest rates (696) (6,078) Effect of changes in equity markets (1,389) 3,669 Effect of assumption update 342 (152) Issuances 5 0 Other adjustments(1) (22) (3,993) Balance, EOP, before effect of changes in NPR 5,806 8,529 Effect of cumulative changes in NPR (1,751) (2,197) Balance, EOP 4,055 6,332 Less: Reinsured MRB 637 41 Balance, EOP, net of reinsurance 3,418 6,291 Other businesses 93 133 Total net MRB balance $ 3,511 $ 6,424 _________ (1) 2022 includes $4,061 million related to the sale of PALAC. See Note 1 for additional information. . The following table presents accompanying information to the rollforward table above. June 30, 2023 June 30, 2022 ($ in millions) Net amount at risk(1) $ 10,885 $ 11,538 Weighted-average attained age of contractholders 69 68 ___________ (1) For contracts with multiple benefit features, the highest net amount at risk for each contract is included. The tables below reconcile MRB asset and liability positions as of the following dates: June 30, 2023 Retirement Strategies Individual Variable Other Businesses Total (in millions) MRB Assets $ 1,937 $ 14 $ 1,951 MRB Liabilities 5,355 107 5,462 Net Liability $ 3,418 $ 93 $ 3,511 June 30, 2022 Retirement Strategies Individual Variable Other Businesses Total (in millions) MRB Assets $ 856 $ 13 $ 869 MRB Liabilities 7,147 146 7,293 Net Liability $ 6,291 $ 133 $ 6,424

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2023
Investments [Abstract]
Fixed Maturities, Available-for-sale, Debt Securities	The following tables set forth the composition of fixed maturity securities (excluding investments classified as trading), as of the dates indicated: June 30, 2023 Amortized Gross Gross Allowance for Credit Losses Fair (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 27,215 $ 1,122 $ 3,795 $ 0 $ 24,542 Obligations of U.S. states and their political subdivisions 10,205 256 575 0 9,886 Foreign government bonds 70,205 5,149 3,090 56 72,208 U.S. public corporate securities 103,794 1,492 12,068 78 93,140 U.S. private corporate securities(1) 40,327 686 3,295 45 37,673 Foreign public corporate securities 21,345 407 1,659 56 20,037 Foreign private corporate securities 33,390 261 4,602 40 29,009 Asset-backed securities(2) 13,301 216 204 1 13,312 Commercial mortgage-backed securities 11,029 5 909 0 10,125 Residential mortgage-backed securities(3) 2,500 18 220 0 2,298 Total fixed maturities, available-for-sale(1) $ 333,311 $ 9,612 $ 30,417 $ 276 $ 312,230 __________ (1) Excludes notes with amortized cost of $8,290 million (fair value, $8,290 million), which have been offset with the associated debt under a netting agreement. (2) Includes credit-tranched securities collateralized by loan obligations, auto loans, education loans, home equity loans and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (4) Excludes notes with amortized cost of $4,000 million (fair value, $4,000 million), which have been offset with the associated debt under a netting agreement. December 31, 2022 Amortized Gross Gross Allowance for Credit Losses Fair (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 29,372 $ 1,110 $ 4,413 $ 0 $ 26,069 Obligations of U.S. states and their political subdivisions 10,179 238 728 0 9,689 Foreign government bonds 74,103 4,503 5,379 1 73,226 U.S. public corporate securities 99,854 1,311 13,563 16 87,586 U.S. private corporate securities(1) 39,867 507 3,438 57 36,879 Foreign public corporate securities 22,235 416 1,945 19 20,687 Foreign private corporate securities 32,755 150 5,201 44 27,660 Asset-backed securities(2) 12,972 166 286 1 12,851 Commercial mortgage-backed securities 11,497 19 861 0 10,655 Residential mortgage-backed securities(3) 2,613 29 225 0 2,417 Total fixed maturities, available-for-sale(1) $ 335,447 $ 8,449 $ 36,039 $ 138 $ 307,719 __________ (1) Excludes notes with amortized cost of $8,040 million (fair value, $8,040 million), which have been offset with the associated debt under a netting agreement. (2) Includes credit-tranched securities collateralized loan obligations, education loans, auto loans, home equity loans and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (4) Excludes notes with amortized cost of $4,250 million (fair value, $4,250 million), which have been offset with the associated debt under a netting agreement.
Fixed Maturities, Held-to-maturity Securities	June 30, 2023 Amortized Gross Gross Fair Allowance for Credit Losses Amortized Cost, (in millions) Fixed maturities, held-to-maturity: Foreign government bonds $ 661 $ 129 $ 0 $ 790 $ 0 $ 661 Foreign public corporate securities 395 21 0 416 2 393 Residential mortgage-backed securities(3) 117 6 0 123 0 117 Total fixed maturities, held-to-maturity(4) $ 1,173 $ 156 $ 0 $ 1,329 $ 2 $ 1,171 __________ (1) Excludes notes with amortized cost of $8,290 million (fair value, $8,290 million), which have been offset with the associated debt under a netting agreement. (2) Includes credit-tranched securities collateralized by loan obligations, auto loans, education loans, home equity loans and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (4) Excludes notes with amortized cost of $4,000 million (fair value, $4,000 million), which have been offset with the associated debt under a netting agreement. December 31, 2022 Amortized Gross Gross Fair Allowance for Credit Losses Amortized (in millions) Fixed maturities, held-to-maturity: Foreign government bonds $ 725 $ 128 $ 0 $ 853 $ 0 $ 725 Foreign public corporate securities 430 24 0 454 2 428 Residential mortgage-backed securities(3) 143 5 0 148 0 143 Total fixed maturities, held-to-maturity(4) $ 1,298 $ 157 $ 0 $ 1,455 $ 2 $ 1,296 __________ (1) Excludes notes with amortized cost of $8,040 million (fair value, $8,040 million), which have been offset with the associated debt under a netting agreement. (2) Includes credit-tranched securities collateralized loan obligations, education loans, auto loans, home equity loans and other asset types. (3) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (4) Excludes notes with amortized cost of $4,250 million (fair value, $4,250 million), which have been offset with the associated debt under a netting agreement.
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value	The following tables set forth the fair value and gross unrealized losses on available-for-sale fixed maturity securities without an allowance for credit losses aggregated by investment category and length of time that individual fixed maturity securities had been in a continuous unrealized loss position, as of the dates indicated: June 30, 2023 Less Than Twelve Months Total Fair Gross Fair Gross Fair Gross (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 6,904 $ 344 $ 10,618 $ 3,451 $ 17,522 $ 3,795 Obligations of U.S. states and their political subdivisions 2,585 77 3,382 498 5,967 575 Foreign government bonds 2,866 75 20,263 3,011 23,129 3,086 U.S. public corporate securities 23,856 1,046 51,160 11,015 75,016 12,061 U.S. private corporate securities 9,775 459 22,094 2,836 31,869 3,295 Foreign public corporate securities 4,938 138 9,496 1,504 14,434 1,642 Foreign private corporate securities 4,701 370 20,340 4,229 25,041 4,599 Asset-backed securities 1,663 31 7,730 173 9,393 204 Commercial mortgage-backed securities 1,898 84 8,136 825 10,034 909 Residential mortgage-backed securities 558 32 1,198 188 1,756 220 Total fixed maturities, available-for-sale $ 59,744 $ 2,656 $ 154,417 $ 27,730 $ 214,161 $ 30,386 December 31, 2022 Less Than Twelve Months Total Fair Gross Fair Gross Fair Gross (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 18,009 $ 3,143 $ 2,563 $ 1,270 $ 20,572 $ 4,413 Obligations of U.S. states and their political subdivisions 5,510 526 558 202 6,068 728 Foreign government bonds 16,932 2,384 9,877 2,971 26,809 5,355 U.S. public corporate securities 58,816 7,790 15,780 5,726 74,596 13,516 U.S. private corporate securities 24,610 2,065 6,705 1,373 31,315 3,438 Foreign public corporate securities 10,168 932 4,098 993 14,266 1,925 Foreign private corporate securities 16,909 2,521 8,196 2,678 25,105 5,199 Asset-backed securities 5,385 130 5,059 156 10,444 286 Commercial mortgage-backed securities 9,289 655 1,080 206 10,369 861 Residential mortgage-backed securities 1,322 130 402 93 1,724 223 Total fixed maturities, available-for-sale $ 166,950 $ 20,276 $ 54,318 $ 15,668 $ 221,268 $ 35,944
Fixed Maturities Classified by Contractual Maturity Date	The following table sets forth the amortized cost or amortized cost, net of allowance and fair value of fixed maturities by contractual maturities, as of the date indicated: June 30, 2023 Available-for-Sale Held-to-Maturity Amortized Cost Fair Value Amortized Cost, Net of Allowance Fair Value (in millions) Fixed maturities: Due in one year or less $ 11,902 $ 11,900 $ 0 $ 0 Due after one year through five years 51,624 50,214 393 416 Due after five years through ten years 61,584 59,818 14 15 Due after ten years(1) 181,371 164,563 647 775 Asset-backed securities 13,301 13,312 0 0 Commercial mortgage-backed securities 11,029 10,125 0 0 Residential mortgage-backed securities 2,500 2,298 117 123 Total $ 333,311 $ 312,230 $ 1,171 $ 1,329 __________ (1) Excludes available-for-sale notes with amortized cost of $8,290 million (fair value, $8,290 million) and held-to-maturity notes with amortized cost of $4,000 million (fair value, $4,000 million), which have been offset with the associated debt under a netting agreement.
Sources of Fixed Maturity Proceeds and Related Investment Gains (Losses) as well as Losses on Impairments	The following table sets forth the sources of fixed maturity proceeds and related investment gains (losses), as well as losses on write-downs and the allowance for credit losses of fixed maturities, for the periods indicated: Three Months Ended Six Months Ended 2023 2022 2023 2022 (in millions) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 6,773 $ 9,995 $ 14,123 $ 19,078 Proceeds from maturities/prepayments 4,053 4,301 8,041 9,606 Gross investment gains from sales and maturities 139 374 429 615 Gross investment losses from sales and maturities (397) (1,017) (702) (1,587) Write-downs recognized in earnings(2) (1) (86) (10) (92) (Addition to) release of allowance for credit losses (7) 82 (138) 5 Fixed maturities, held-to-maturity: Proceeds from maturities/prepayments(3) $ 10 $ 8 $ 17 $ 17 (Addition to) release of allowance for credit losses 0 1 0 2 __________ (1) Excludes activity from non-cash related proceeds due to the timing of trade settlements of $70 million and $(48) million for the six months ended June 30, 2023 and 2022, respectively. (2) Amounts represent write-downs on credit adverse securities and securities actively marketed for sale. (3) Excludes activity from non-cash related proceeds due to the timing of trade settlements of less than $1 million for both the six months ended June 30, 2023 and 2022.
Credit Losses Recognized in Earnings on Fixed Maturity Securities Held by the Company for which a Portion of the OTTI Loss was Recognized in OCI	The following tables set forth the activity in the allowance for credit losses for fixed maturity securities, as of the dates indicated: Three Months Ended June 30, 2023 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 62 $ 206 $ 1 $ 0 $ 0 $ 269 Additions to allowance for credit losses not previously recorded 0 0 3 0 0 0 3 Reductions for securities sold during the period 0 0 (5) 0 0 0 (5) Additions (reductions) on securities with previous allowance 0 (6) 15 0 0 0 9 Balance, end of period $ 0 $ 56 $ 219 $ 1 $ 0 $ 0 $ 276 Three Months Ended June 30, 2022 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 12 $ 180 $ 0 $ 0 $ 0 $ 192 Additions to allowance for credit losses not previously recorded 0 1 11 1 0 0 13 Reductions for securities sold during the period 0 0 (25) 0 0 0 (25) Reductions for securities with intent to sell 0 (9) (67) 0 0 0 (76) Additions (reductions) on securities with previous allowance 0 2 4 0 0 0 6 Reclassified to / (from) “Assets held-for-sale”(1) 0 0 (1) 0 0 0 (1) Balance, end of period $ 0 $ 6 $ 102 $ 1 $ 0 $ 0 $ 109 __________ (1) See Note 1 for additional information. Six Months Ended June 30, 2023 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 1 $ 136 $ 1 $ 0 $ 0 $ 138 Additions to allowance for credit losses not previously recorded 0 62 78 0 0 0 140 Reductions for securities sold during the period 0 0 (45) 0 0 0 (45) Additions (reductions) on securities with previous allowance 0 (7) 50 0 0 0 43 Balance, end of period $ 0 $ 56 $ 219 $ 1 $ 0 $ 0 $ 276 Six Months Ended June 30, 2022 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, available-for-sale: Balance, beginning of period $ 0 $ 7 $ 107 $ 0 $ 0 $ 0 $ 114 Additions to allowance for credit losses not previously recorded 0 11 73 1 0 0 85 Reductions for securities sold during the period 0 (2) (53) 0 0 0 (55) Reductions for securities with intent to sell 0 (13) (67) 0 0 0 (80) Additions (reductions) on securities with previous allowance 0 3 42 0 0 0 45 Reclassified to / (from) “Assets held-for-sale”(1) 0 0 0 0 0 0 0 Balance, end of period $ 0 $ 6 $ 102 $ 1 $ 0 $ 0 $ 109 __________ (1) See Note 1 for additional information. Three Months Ended June 30, 2023 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, held-to-maturity: Balance, beginning of period $ 0 $ 0 $ 2 $ 0 $ 0 $ 0 $ 2 Current period provision for expected losses 0 0 0 0 0 0 0 Change in foreign exchange 0 0 0 0 0 0 0 Balance, end of period $ 0 $ 0 $ 2 $ 0 $ 0 $ 0 $ 2 Three Months Ended June 30, 2022 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, held-to-maturity: Balance, beginning of period $ 0 $ 0 $ 4 $ 0 $ 0 $ 0 $ 4 Current period provision for expected losses 0 0 (1) 0 0 0 (1) Change in foreign exchange 0 0 0 0 0 0 0 Balance, end of period $ 0 $ 0 $ 3 $ 0 $ 0 $ 0 $ 3 Six Months Ended June 30, 2023 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, held-to-maturity: Balance, beginning of period $ 0 $ 0 $ 2 $ 0 $ 0 $ 0 $ 2 Current period provision for expected losses 0 0 0 0 0 0 0 Change in foreign exchange 0 0 0 0 0 0 0 Balance, end of period $ 0 $ 0 $ 2 $ 0 $ 0 $ 0 $ 2 Six Months Ended June 30, 2022 U.S. Treasury Securities and Obligations of U.S. States Foreign Government Bonds U.S. and Foreign Corporate Securities Asset-Backed Securities Commercial Mortgage-Backed Securities Residential Mortgage-Backed Securities Total (in millions) Fixed maturities, held-to-maturity: Balance, beginning of period $ 0 $ 0 $ 5 $ 0 $ 0 $ 0 $ 5 Current period provision for expected losses 0 0 (1) 0 0 0 (1) Change in foreign exchange 0 0 (1) 0 0 0 (1) Balance, end of period $ 0 $ 0 $ 3 $ 0 $ 0 $ 0 $ 3
Assets Supporting Experience-Rated Contractholder Liabilities	The following table sets forth the composition of “Assets supporting experience-rated contractholder liabilities,” as of the dates indicated: June 30, 2023 December 31, 2022 Amortized Fair Amortized Fair (in millions) Fixed maturities: Corporate securities $ 80 $ 79 $ 91 $ 88 Foreign government bonds 638 640 705 668 U.S. government authorities and agencies and obligations of U.S. states 191 206 188 189 Total fixed maturities(1) 909 925 984 945 Equity securities 1,510 2,094 1,628 1,899 Total assets supporting experience-rated contractholder liabilities(2) $ 2,419 $ 3,019 $ 2,612 $ 2,844 __________ (1) As a percentage of amortized cost, 99% and 98% of the portfolio was considered high or highest quality based on NAIC or equivalent ratings, as of both June 30, 2023 and December 31, 2022, respectively. (2) As a percentage of amortized cost 100% of the portfolio consisted of public securities, as of both June 30, 2023 and December 31, 2022.
Securities Concentrations of Credit Risk	As of the dates indicated, the Company’s exposure to concentrations of credit risk of single issuers greater than 10% of the Company’s equity included securities of the U.S. government and certain U.S. government agencies and securities guaranteed by the U.S. government, as well as the securities disclosed below: June 30, 2023 December 31, 2022 Amortized Fair Amortized Fair (in millions) Investments in Japanese government and government agency securities: Fixed maturities, available-for-sale $ 60,842 $ 63,235 $ 65,198 $ 64,959 Fixed maturities, held-to-maturity 643 770 706 831 Fixed maturities, trading 18 18 20 19 Assets supporting experience-rated contractholder liabilities 548 547 613 587 Total $ 62,051 $ 64,570 $ 66,537 $ 66,396 June 30, 2023 December 31, 2022 Amortized Fair Amortized Fair (in millions) Investments in Brazil government and government agency securities: Fixed maturities, available-for-sale $ 2,933 $ 2,881 $ 2,264 $ 2,010 Short-term investments 1 1 60 61 Cash equivalents 326 326 210 210 Total $ 3,260 $ 3,208 $ 2,534 $ 2,281
Commercial Mortgage and Other Loans	The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: June 30, 2023 December 31, 2022 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Office $ 8,681 15.1 % $ 9,096 16.2 % Retail 6,018 10.5 6,103 10.8 Apartments/Multi-Family 15,955 27.8 15,381 27.3 Industrial 13,812 24.1 13,079 23.2 Hospitality 2,161 3.8 2,027 3.6 Other 3,860 6.7 3,791 6.7 Total commercial mortgage loans 50,487 88.0 49,477 87.8 Agricultural property loans 6,884 12.0 6,857 12.2 Total commercial mortgage and agricultural property loans 57,371 100.0 % 56,334 100.0 % Allowance for credit losses (240) (201) Total net commercial mortgage and agricultural property loans 57,131 56,133 Other loans: Uncollateralized loans 421 463 Residential property loans 34 43 Other collateralized loans 104 108 Total other loans 559 614 Allowance for credit losses (1) (2) Total net other loans 558 612 Total net commercial mortgage and other loans(1) $ 57,689 $ 56,745 __________ (1) Includes loans which are carried at fair value under the fair value option and are collateralized primarily by apartment complexes. As of June 30, 2023 and December 31, 2022, the net carrying value of these loans were $323 million and $137 million, respectively. Commercial Mortgage Loan Commitments June 30, December 31, (in millions) Total outstanding mortgage loan commitments $ 1,855 $ 1,995 Portion of commitment where prearrangement to sell to investor exists $ 397 $ 582 Indemnification of Serviced Mortgage Loans June 30, December 31, (in millions) Maximum exposure under indemnification agreements for mortgage loans serviced by the Company $ 2,992 $ 2,972 First-loss exposure portion of above $ 867 $ 862 Accrued liability associated with guarantees(1) $ 30 $ 33 __________ (1) The accrued liability associated with guarantees includes an allowance for credit losses of $15 million and $17 million as of June 30, 2023 and December 31, 2022, respectively. The change in allowance is a reduction of $1 million for both three months ended June 30, 2023, and 2022, respectively, and a reduction for both six months ended June 30, 2023, and 2022 of $2 million and $4 million , respectively.
Allowance for Credit Losses	The following tables set forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated: Three Months Ended June 30, 2023 Commercial Agricultural Residential Other Uncollateralized Total (in millions) Allowance, beginning of period $ 205 $ 15 $ 0 $ 0 $ 1 $ 221 Addition to (release of) allowance for expected losses 18 1 0 0 0 19 Reduction for loans sold during the period 0 0 0 0 0 0 Change in foreign exchange 1 0 0 0 0 1 Allowance, end of period $ 224 $ 16 $ 0 $ 0 $ 1 $ 241 Three Months Ended June 30, 2022 Commercial Agricultural Residential Other Uncollateralized Total (in millions) Allowance, beginning of period $ 113 $ 4 $ 0 $ 0 $ 4 $ 121 Addition to (release of) allowance for expected losses 44 4 0 0 28 76 Reclassified (to) from “Assets held-for-sale”(1) 0 0 0 0 0 0 Other (1) 0 0 0 0 (1) Allowance, end of period $ 156 $ 8 $ 0 $ 0 $ 32 $ 196 Six Months Ended June 30, 2023 Commercial Agricultural Residential Other Uncollateralized Total (in millions) Allowance, beginning of period $ 188 $ 13 $ 0 $ 0 $ 2 $ 203 Addition to (release of) allowance for expected losses 35 3 0 0 0 38 Reduction for loans sold during the period 0 0 0 0 (1) (1) Change in foreign exchange 1 0 0 0 0 1 Allowance, end of period $ 224 $ 16 $ 0 $ 0 $ 1 $ 241 Six Months Ended June 30, 2022 Commercial Agricultural Residential Other Uncollateralized Total (in millions) Allowance, beginning of period $ 111 $ 4 $ 0 $ 0 $ 4 $ 119 Addition to (release of) allowance for expected losses 40 4 0 0 28 72 Reclassified (to) from “Assets held-for-sale”(1) 6 0 0 0 0 6 Other (1) 0 0 0 0 (1) Allowance, end of period $ 156 $ 8 $ 0 $ 0 $ 32 $ 196 __________ (1) See Note 1 for additional information.
Financing Receivable Credit Quality Indicators	The following tables set forth key credit quality indicators based upon the recorded investment gross of allowance for credit losses, as of the dates indicated: June 30, 2023 Amortized Cost by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Total (in millions) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 774 $ 672 $ 1,693 $ 1,336 $ 3,114 $ 18,602 $ 0 $ 26,191 60%-69.99% 1,021 2,040 3,533 1,467 2,247 5,791 0 16,099 70%-79.99% 562 1,037 1,073 493 1,268 1,745 0 6,178 80% or greater 77 36 24 7 118 1,757 0 2,019 Total $ 2,434 $ 3,785 $ 6,323 $ 3,303 $ 6,747 $ 27,895 $ 0 $ 50,487 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 2,110 $ 3,242 $ 6,118 $ 3,126 $ 5,977 $ 24,297 $ 0 $ 44,870 1.0 - 1.2x 97 366 134 72 428 2,037 0 3,134 Less than 1.0x 227 177 71 105 342 1,561 0 2,483 Total $ 2,434 $ 3,785 $ 6,323 $ 3,303 $ 6,747 $ 27,895 $ 0 $ 50,487 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 131 $ 901 $ 2,005 $ 768 $ 456 $ 1,563 $ 86 $ 5,910 60%-69.99% 69 671 63 76 27 53 0 959 70%-79.99% 0 0 0 0 15 0 0 15 80% or greater 0 0 0 0 0 0 0 0 Total $ 200 $ 1,572 $ 2,068 $ 844 $ 498 $ 1,616 $ 86 $ 6,884 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 195 $ 1,559 $ 2,025 $ 813 $ 497 $ 1,528 $ 86 $ 6,703 1.0 - 1.2x 0 5 43 31 0 75 0 154 Less than 1.0x 5 8 0 0 1 13 0 27 Total $ 200 $ 1,572 $ 2,068 $ 844 $ 498 $ 1,616 $ 86 $ 6,884 December 31, 2022 Amortized Cost by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Total (in millions) Commercial mortgage loans Loan-to-Value Ratio: 0%-59.99% $ 971 $ 1,747 $ 1,282 $ 2,831 $ 4,697 $ 15,111 $ 0 $ 26,639 60%-69.99% 1,997 3,502 1,553 2,804 1,732 3,780 0 15,368 70%-79.99% 865 1,127 519 1,025 645 1,445 0 5,626 80% or greater 2 26 7 119 24 1,666 0 1,844 Total $ 3,835 $ 6,402 $ 3,361 $ 6,779 $ 7,098 $ 22,002 $ 0 $ 49,477 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 3,249 $ 6,135 $ 3,013 $ 5,749 $ 6,505 $ 18,318 $ 0 $ 42,969 1.0 - 1.2x 586 252 164 454 383 2,183 0 4,022 Less than 1.0x 0 15 184 576 210 1,501 0 2,486 Total $ 3,835 $ 6,402 $ 3,361 $ 6,779 $ 7,098 $ 22,002 $ 0 $ 49,477 Agricultural property loans Loan-to-Value Ratio: 0%-59.99% $ 931 $ 1,994 $ 853 $ 461 $ 326 $ 1,348 $ 74 $ 5,987 60%-69.99% 675 85 8 47 8 0 0 823 70%-79.99% 0 0 0 0 0 0 0 0 80% or greater 0 0 0 0 13 34 0 47 Total $ 1,606 $ 2,079 $ 861 $ 508 $ 347 $ 1,382 $ 74 $ 6,857 Debt Service Coverage Ratio: Greater or Equal to 1.2x $ 1,593 $ 2,035 $ 781 $ 507 $ 323 $ 1,272 $ 74 $ 6,585 1.0 - 1.2x 5 44 80 0 6 68 0 203 Less than 1.0x 8 0 0 1 18 42 0 69 Total $ 1,606 $ 2,079 $ 861 $ 508 $ 347 $ 1,382 $ 74 $ 6,857
Aging of Past Due Commercial Mortgage and Other Loans and Nonaccrual Status	The following tables set forth an aging of past due commercial mortgage and other loans based upon the recorded investment gross of allowance for credit losses, as well as the amount of commercial mortgage and other loans on non-accrual status, as of the dates indicated: June 30, 2023 Current 30-59 Days 60-89 Days 90 Days or More Past Due(1)(2) Total Past Total Non-Accrual (in millions) Commercial mortgage loans $ 50,418 $ 0 $ 0 $ 69 $ 69 $ 50,487 $ 72 Agricultural property loans 6,884 0 0 0 0 6,884 25 Residential property loans 34 0 0 0 0 34 0 Other collateralized loans 104 0 0 0 0 104 0 Uncollateralized loans 421 0 0 0 0 421 25 Total $ 57,861 $ 0 $ 0 $ 69 $ 69 $ 57,930 $ 122 __________ (1) As of June 30, 2023, there were no loans in this category accruing interest. (2) Primarily includes loans for which no credit losses are expected due to U.S. agency guarantees. (3) For additional information regarding the Company’s policies for accruing interest on loans, see Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. December 31, 2022 Current 30-59 Days 60-89 Days 90 Days or More Past Due(1) Total Past Total Non-Accrual (in millions) Commercial mortgage loans $ 49,465 $ 0 $ 3 $ 9 $ 12 $ 49,477 $ 11 Agricultural property loans 6,844 0 11 2 13 6,857 17 Residential property loans 43 0 0 0 0 43 0 Other collateralized loans 108 0 0 0 0 108 0 Uncollateralized loans 463 0 0 0 0 463 0 Total $ 56,923 $ 0 $ 14 $ 11 $ 25 $ 56,948 $ 28 __________ (1) As of December 31, 2022, there were no loans in this category accruing interest. (2) For additional information regarding the Company’s policies for accruing interest on loans, see Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.
Other Invested Assets	The following table sets forth the composition of “Other invested assets,” as of the dates indicated: June 30, 2023 December 31, 2022 (in millions) LPs/LLCs: Equity method: Private equity $ 7,881 $ 7,215 Hedge funds 3,133 3,220 Real estate-related 2,544 2,793 Subtotal equity method 13,558 13,228 Fair value: Private equity 1,412 1,476 Hedge funds 2,099 1,908 Real estate-related 280 305 Subtotal fair value 3,791 3,689 Total LPs/LLCs 17,349 16,917 Real estate held through direct ownership(1) 1,843 1,617 Derivative instruments 1,248 1,457 Other(2) 1,033 1,108 Total other invested assets $ 21,473 $ 21,099 _________ (1) As of June 30, 2023 and December 31, 2022, real estate held through direct ownership had mortgage debt of $181 million and $208 million, respectively. (2) Primarily includes equity investments accounted for under the measurement alternative, strategic investments made by investment management operations, leveraged leases and member and activity stock held in the Federal Home Loan Bank of New York. For additional information regarding the Company’s holdings in the Federal Home Loan Bank of New York, see Note 17 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.
Accrued Investment Income	The following table sets forth the composition of “Accrued investment income,” as of the dates indicated: June 30, 2023 December 31, 2022 (in millions) Fixed maturities $ 2,636 $ 2,517 Equity securities 5 6 Commercial mortgage and other loans 196 190 Policy loans 246 253 Other invested assets 17 18 Short-term investments and cash equivalents 42 28 Total accrued investment income $ 3,142 $ 3,012
Net Investment Income	The following table sets forth “Net investment income” by investment type, for the periods indicated: Three Months Ended Six Months Ended 2023 2022 2023 2022 (in millions) Fixed maturities, available-for-sale(1) $ 3,296 $ 2,861 $ 6,531 $ 5,830 Fixed maturities, held-to-maturity(1) 50 54 100 108 Fixed maturities, trading 57 53 112 115 Assets supporting experience-rated contractholder liabilities 12 9 25 144 Equity securities 64 50 104 76 Commercial mortgage and other loans 560 525 1,103 1,113 Policy loans 124 126 248 251 Other invested assets(2) 384 377 694 932 Short-term investments and cash equivalents 222 58 460 75 Gross investment income 4,769 4,113 9,377 8,644 Less: investment expenses(2) (293) (175) (581) (348) Net investment income $ 4,476 $ 3,938 $ 8,796 $ 8,296 __________ (1) Includes income on credit-linked notes which are reported on the same financial statement line items as related surplus notes, as conditions are met for right to offset. (2) Prior period amounts reclassified to conform to current period presentation.
Realized Investment Gains (Losses), Net	The following table sets forth “Realized investment gains (losses), net” by investment type, for the periods indicated: Three Months Ended Six Months Ended 2023 2022 2023 2022 (in millions) Fixed maturities(1) $ (266) $ (646) $ (421) $ (1,057) Commercial mortgage and other loans (14) (81) (26) (66) Investment real estate (5) 84 27 90 LPs/LLCs (1) 6 (17) (6) Derivatives (663) (1,005) (305) (1,643) Other 11 6 21 2 Realized investment gains (losses), net $ (938) $ (1,636) $ (721) $ (2,680) __________ (1) Includes fixed maturity securities classified as available-for-sale and held-to-maturity and excludes fixed maturity securities classified as trading.
Net Unrealized Gains (Losses) on Investment	The following table sets forth net unrealized gains (losses) on investments, as of the dates indicated: June 30, 2023 December 31, 2022 (in millions) Fixed maturity securities, available-for-sale with an allowance $ (68) $ (45) Fixed maturity securities, available-for-sale without an allowance (20,737) (27,545) Derivatives designated as cash flow hedges(1) 2,097 2,616 Derivatives designated as fair value hedges(1) (149) (54) Other investments(2) 40 2 Net unrealized gains (losses) on investments $ (18,817) $ (25,026) __________ (1) For additional information regarding cash flow and fair value hedges, see Note 5. (2) As of June 30, 2023 there were no net unrealized losses on held-to-maturity securities that were previously transferred from available-for-sale. Includes net unrealized gains on certain joint ventures that are strategic in nature and are included in “Other assets.”
Repurchase Agreements and Securities Lending	The following table sets forth the composition of “Securities sold under agreements to repurchase,” as of the dates indicated: June 30, 2023 December 31, 2022 Remaining Contractual Maturities of the Agreements Remaining Contractual Maturities of the Agreements Overnight & Continuous Up to 30 Days 30 to 90 Days Total Overnight & Continuous Up to 30 Days 30 to 90 Days Total (in millions) U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 5,977 $ 0 $ 0 $ 5,977 $ 6,179 $ 200 $ 200 $ 6,579 Commercial mortgage-backed securities 120 0 0 120 0 0 0 0 Residential mortgage-backed securities 0 0 0 0 10 0 0 10 Total securities sold under agreements to repurchase $ 6,097 $ 0 $ 0 $ 6,097 $ 6,189 $ 200 $ 200 $ 6,589 . The following table sets forth the composition of “Cash collateral for loaned securities” which represents the liability to return cash collateral received for the following types of securities loaned, as of the dates indicated: June 30, 2023 December 31, 2022 Remaining Contractual Maturities of the Agreements Remaining Contractual Maturities of the Agreements Overnight & Continuous Up to 30 Days Total Overnight & Continuous Up to 30 Days Total (in millions) U.S. Treasury securities and obligations of U.S. $ 1 $ 0 $ 1 $ 1 $ 0 $ 1 Obligations of U.S. states and their political 46 0 46 61 0 61 Foreign government bonds 308 18 326 285 14 299 U.S. public corporate securities 3,422 464 3,886 4,109 395 4,504 Foreign public corporate securities 597 102 699 806 69 875 Equity securities 249 0 249 360 0 360 Total cash collateral for loaned securities(1) $ 4,623 $ 584 $ 5,207 $ 5,622 $ 478 $ 6,100 __________ (1) The Company did not have any agreements with remaining contractual maturities greater than thirty days, as of the dates indicated.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	6 Months Ended
	Jun. 30, 2023
Variable Interest Entity, Measure of Activity [Abstract]
Schedule of Consolidated Variable Interest Entities	The table below reflects the carrying amount and balance sheet caption in which the assets and liabilities of consolidated VIEs are reported. The liabilities primarily comprise obligations under debt instruments issued by the VIEs. The creditors of these VIEs do not have recourse to the Company in excess of the assets contained within the VIEs. Consolidated VIEs for which the Other Consolidated VIEs(1) June 30, December 31, June 30, December 31, (in millions) Fixed maturities, available-for-sale $ 443 $ 398 $ 84 $ 90 Fixed maturities, held-to-maturity 0 0 629 689 Fixed maturities, trading 171 164 0 0 Equity securities 80 85 0 0 Commercial mortgage and other loans 692 784 0 0 Other invested assets 3,875 3,397 97 68 Cash and cash equivalents 165 375 0 0 Accrued investment income 3 2 3 3 Other assets 398 352 657 706 Total assets of consolidated VIEs $ 5,827 $ 5,557 $ 1,470 $ 1,556 Other liabilities $ 497 $ 389 $ 0 $ 0 Notes issued by consolidated VIEs(2) 402 374 0 0 Total liabilities of consolidated VIEs $ 899 $ 763 $ 0 $ 0 __________ (1) Total assets of consolidated VIEs reflect $3,491 million and $3,403 million as of June 30, 2023 and December 31, 2022, respectively, related to VIEs whose beneficial interests are wholly-owned by consolidated subsidiaries. (2) Recourse is limited to the assets of the respective VIE and does not extend to the general credit of the Company. As of June 30, 2023, the maturities of these obligations were between 1 and 10 years.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The table below provides a summary of the gross notional amount and fair value of derivative contracts by the primary underlying risks they are utilized to manage, excluding embedded derivatives. Many derivative instruments contain multiple underlying risks. The fair value amounts below represent the value of derivative contracts prior to taking into account the netting effects of master netting agreements and cash collateral. These netting impacts resulted in total derivative assets of $1,248 million and $1,455 million as of June 30, 2023 and December 31, 2022, respectively, and total derivative liabilities of $3,065 million and $3,055 million as of June 30, 2023 and December 31, 2022, respectively, reflected in the Unaudited Interim Consolidated Statements of Financial Position. Primary Underlying Risk /Instrument Type June 30, 2023 December 31, 2022 Fair Value Fair Value Gross Notional Assets Liabilities Gross Notional Assets Liabilities (in millions) Derivatives Designated as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 3,742 $ 60 $ (249) $ 3,627 $ 66 $ (245) Interest Rate Forwards 150 0 (29) 398 0 (85) Foreign Currency Foreign Currency Forwards 4,767 129 (239) 4,830 155 (262) Currency/Interest Rate Foreign Currency Swaps 26,294 2,855 (386) 25,636 3,469 (333) Total Derivatives Designated as Hedge Accounting Instruments $ 34,953 $ 3,044 $ (903) $ 34,491 $ 3,690 $ (925) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 306,146 $ 8,517 $ (21,132) $ 212,934 $ 9,097 $ (21,154) Interest Rate Futures 9,535 66 (9) 18,080 13 (24) Interest Rate Options 26,428 221 (814) 9,778 224 (280) Interest Rate Forwards 3,067 14 (18) 2,354 21 (42) Foreign Currency Foreign Currency Forwards 30,713 2,212 (2,430) 31,317 1,556 (1,924) Foreign Currency Options 0 0 0 0 0 0 Currency/Interest Rate Foreign Currency Swaps 8,377 707 (155) 8,410 813 (170) Credit Credit Default Swaps 5,133 35 (21) 6,351 27 (57) Equity Equity Futures 996 7 (1) 1,372 1 (2) Equity Options 45,804 1,325 (1,469) 38,323 708 (1,590) Total Return Swaps 10,149 38 (290) 11,806 106 (184) Other Other(1) 1,250 0 0 1,250 0 0 Synthetic GICs 82,181 1 (1) 84,338 1 (1) Total Derivatives Not Qualifying as Hedge Accounting Instruments $ 529,779 $ 13,143 $ (26,340) $ 426,313 $ 12,567 $ (25,428) Total Derivatives(2)(3) $ 564,732 $ 16,187 $ (27,243) $ 460,804 $ 16,257 $ (26,353) __________ (1) “Other” primarily includes derivative contracts used to improve the balance of the Company’s tail longevity and mortality risk. Under these contracts, the Company’s gains (losses) are capped at the notional amount. (2) Excludes embedded derivatives which contain multiple underlying risks. The fair value of these embedded derivatives was a net liability of $5,004 million and $2,997 million as of June 30, 2023 and December 31, 2022, respectively, primarily included in "Policyholder account balances." (3) Recorded in “Other invested assets” and “Other liabilities” on the Unaudited Interim Consolidated Statements of Financial Position.
Schedule of Derivative instruments (hedged item in fair value hedge accounting relationship)	As of June 30, 2023, the following amounts were recorded on the Unaudited Interim Consolidated Statements of Financial Position related to the carrying amount of the hedged assets (liabilities) and cumulative basis adjustments included in the carrying amount for fair value hedges. June 30, 2023 December 31, 2022 Balance Sheet Line Item in which Hedged Item is Recorded Carrying Amount of the Hedged Assets (Liabilities) Cumulative Amount of Carrying Amount of the Hedged Assets (Liabilities) Cumulative Amount of (in millions) Fixed maturities, available-for-sale, at fair value $ 229 $ 19 $ 297 $ 27 Commercial mortgage and other loans $ 0 $ 0 $ 0 $ 0 Policyholders’ account balances $ (793) $ 217 $ (966) $ 217 Future policy benefits $ (2,455) $ 289 $ (2,354) $ 391 __________ (1) There were no material fair value hedging adjustments for hedged assets and liabilities for which hedge accounting has been discontinued.
Offsetting of Financial Assets	The following tables present recognized derivative instruments (excluding embedded derivatives), and repurchase and reverse repurchase agreements that are offset in the Unaudited Interim Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Unaudited Interim Consolidated Statements of Financial Position. June 30, 2023 Gross Gross Net Financial Net (in millions) Offsetting of Financial Assets: Derivatives $ 16,083 $ (14,939) $ 1,144 $ (249) $ 895 Securities purchased under agreement to resell 22 0 22 (22) 0 Total assets $ 16,105 $ (14,939) $ 1,166 $ (271) $ 895 Offsetting of Financial Liabilities: Derivatives $ 27,244 $ (24,178) $ 3,066 $ (3,051) $ 15 Securities sold under agreement to repurchase 6,097 0 6,097 (5,977) 120 Total liabilities $ 33,341 $ (24,178) $ 9,163 $ (9,028) $ 135 December 31, 2022 Gross Gross Net Financial Net (in millions) Offsetting of Financial Assets: Derivatives $ 16,178 $ (14,802) $ 1,376 $ (702) $ 674 Securities purchased under agreement to resell 385 0 385 (385) 0 Total assets $ 16,563 $ (14,802) $ 1,761 $ (1,087) $ 674 Offsetting of Financial Liabilities: Derivatives $ 26,352 $ (23,298) $ 3,054 $ (3,054) $ 0 Securities sold under agreement to repurchase 6,589 0 6,589 (6,589) 0 Total liabilities $ 32,941 $ (23,298) $ 9,643 $ (9,643) $ 0 __________ (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty.
Offsetting of Financial Liabilities	The following tables present recognized derivative instruments (excluding embedded derivatives), and repurchase and reverse repurchase agreements that are offset in the Unaudited Interim Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Unaudited Interim Consolidated Statements of Financial Position. June 30, 2023 Gross Gross Net Financial Net (in millions) Offsetting of Financial Assets: Derivatives $ 16,083 $ (14,939) $ 1,144 $ (249) $ 895 Securities purchased under agreement to resell 22 0 22 (22) 0 Total assets $ 16,105 $ (14,939) $ 1,166 $ (271) $ 895 Offsetting of Financial Liabilities: Derivatives $ 27,244 $ (24,178) $ 3,066 $ (3,051) $ 15 Securities sold under agreement to repurchase 6,097 0 6,097 (5,977) 120 Total liabilities $ 33,341 $ (24,178) $ 9,163 $ (9,028) $ 135 December 31, 2022 Gross Gross Net Financial Net (in millions) Offsetting of Financial Assets: Derivatives $ 16,178 $ (14,802) $ 1,376 $ (702) $ 674 Securities purchased under agreement to resell 385 0 385 (385) 0 Total assets $ 16,563 $ (14,802) $ 1,761 $ (1,087) $ 674 Offsetting of Financial Liabilities: Derivatives $ 26,352 $ (23,298) $ 3,054 $ (3,054) $ 0 Securities sold under agreement to repurchase 6,589 0 6,589 (6,589) 0 Total liabilities $ 32,941 $ (23,298) $ 9,643 $ (9,643) $ 0 __________ (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The following tables provide the financial statement classification and impact of derivatives used in qualifying and non-qualifying hedge relationships, including the offset of the hedged item in fair value hedge relationships. Three Months Ended June 30, 2023 Realized Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) Net Other Interest Interest Policyholders’ Benefits Change in AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest Rate $ 5 $ 0 $ 0 $ 0 $ 0 $ (53) $ (58) $ 0 Currency (1) 0 0 0 0 0 50 0 Total gains (losses) on derivatives designated as hedge instruments 4 0 0 0 0 (53) (8) 0 Gains (losses) on the hedged item: Interest Rate (5) 0 3 0 0 38 44 0 Currency 1 0 1 0 0 0 (50) 0 Total gains (losses) on hedged item (4) 0 4 0 0 38 (6) 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 0 (2) (75) Total Amortization for gain (loss) excluded from assessment of the effectiveness 0 0 0 0 0 0 (2) (75) Total gains (losses) on fair value hedges net of hedged item 0 0 4 0 0 (15) (16) (75) Cash flow hedges Interest Rate 0 0 (6) 0 0 0 0 (12) Currency 3 0 0 0 0 0 0 (1) Currency/Interest Rate 13 0 80 (66) 0 0 0 (233) Total gains (losses) on cash flow hedges 16 0 74 (66) 0 0 0 (246) Net investment hedges Currency 0 0 0 0 0 0 0 17 Currency/Interest Rate 0 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 0 0 17 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (322) (1,022) 0 0 0 0 0 0 Currency (349) 0 0 4 0 0 0 0 Currency/Interest Rate (35) 0 0 (1) 0 0 0 0 Credit 38 0 0 0 0 0 0 0 Equity 961 (440) 0 0 0 0 0 0 Other 0 0 0 0 0 0 0 0 Embedded Derivatives (970) 0 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (677) (1,462) 0 3 0 0 0 0 Total $ (661) $ (1,462) $ 78 $ (63) $ 0 $ (15) $ (16) $ (304) Six Months Ended June 30, 2023 Realized Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) Net Other Interest Interest Policyholders’ Benefits Change in AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest Rate $ 1 $ 0 $ 0 $ 0 $ 0 $ (16) $ (14) $ 0 Currency (1) 0 (1) 0 0 0 99 0 Total gains (losses) on derivatives designated as hedge instruments 0 0 (1) 0 0 (16) 85 0 Gains (losses) on the hedged item: Interest Rate (1) 0 6 0 0 1 (4) 0 Currency 1 0 1 0 0 0 (97) 0 Total gains (losses) on hedged item 0 0 7 0 0 1 (101) 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 0 (4) (95) Total Amortization for gain (loss) excluded from assessment of the effectiveness 0 0 0 0 0 0 (4) (95) Total gains (losses) on fair value hedges net of hedged item 0 0 6 0 0 (15) (20) (95) Cash flow hedges Interest Rate (22) 0 (7) 0 0 0 0 32 Currency 8 0 0 0 0 0 0 (40) Currency/Interest Rate 48 0 163 (146) 0 0 0 (511) Total gains (losses) on cash flow hedges 34 0 156 (146) 0 0 0 (519) Net investment hedges Currency 0 0 0 0 0 0 0 16 Currency/Interest Rate 0 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 0 0 16 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 225 (755) 0 0 0 0 0 0 Currency (510) 0 0 5 0 0 0 0 Currency/Interest Rate (63) 0 0 (3) 0 0 0 0 Credit 85 0 0 0 0 0 0 0 Equity 1,150 (678) 0 0 0 0 0 0 Other 0 0 0 0 0 0 0 0 Embedded Derivatives (1,215) 0 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (328) (1,433) 0 2 0 0 0 0 Total $ (294) $ (1,433) $ 162 $ (144) $ 0 $ (15) $ (20) $ (598) Three Months Ended June 30, 2022(2) Realized Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) Net Other Interest Interest Policyholders’ Benefits Change in AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest Rate $ 13 $ 0 $ (1) $ 0 $ 0 $ (126) $ (159) $ 0 Currency (5) 0 0 0 0 0 (151) 0 Total gains (losses) on derivatives designated as hedge instruments 8 0 (1) 0 0 (126) (310) 0 Gains (losses) on the hedged item: Interest Rate (13) 0 3 0 0 138 173 0 Currency 7 0 3 0 0 0 151 0 Total gains (losses) on hedged item (6) 0 6 0 0 138 324 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 0 0 52 Total amortization for gain (loss) excluded from assessment of the effectiveness 0 0 0 0 0 0 0 52 Total gains (losses) on fair value hedges net of hedged item 2 0 5 0 0 12 14 52 Cash flow hedges Interest Rate 0 0 (1) 0 0 0 0 (76) Currency 4 0 0 0 0 0 0 114 Currency/Interest Rate 44 0 68 391 0 0 0 1,253 Total gains (losses) on cash flow hedges 48 0 67 391 0 0 0 1,291 Net investment hedges Currency 0 0 0 0 0 0 0 22 Currency/Interest Rate 0 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 0 0 22 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (1,481) (2,159) 0 0 0 0 0 0 Currency (162) 0 0 0 0 0 0 0 Currency/Interest Rate 646 0 0 3 0 0 0 0 Credit (126) 0 0 0 0 0 0 0 Equity 22 1,156 0 0 0 0 0 0 Other 1 0 0 0 0 0 0 0 Embedded Derivatives 48 0 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (1,052) (1,003) 0 3 0 0 0 0 Total $ (1,002) $ (1,003) $ 72 $ 394 $ 0 $ 12 $ 14 $ 1,365 Six Months Ended June 30, 2022(2) Realized Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) Net Other Interest Interest Policyholders’ Benefits Change in AOCI(1) (in millions) Derivatives Designated as Hedge Accounting Instruments: Fair value hedges Gains (losses) on derivatives designated as hedge instruments: Interest Rate $ 27 $ 0 $ (3) $ 0 $ 0 $ (267) $ (317) $ 0 Currency (30) 0 (1) 0 0 0 (207) 0 Total gains (losses) on derivatives designated as hedge instruments (3) 0 (4) 0 0 (267) (524) 0 Gains (losses) on the hedged item: Interest Rate (27) 0 7 0 0 285 332 0 Currency 32 0 3 0 0 0 204 0 Total gains (losses) on hedged item 5 0 10 0 0 285 536 0 Amortization for gains (losses) excluded from assessment of the effectiveness Currency 0 0 0 0 0 0 (2) 63 Total amortization for gain (loss) excluded from assessment of the effectiveness 0 0 0 0 0 0 (2) 63 Total gains (losses) on fair value hedges net of hedged item 2 0 6 0 0 18 10 63 Cash flow hedges Interest Rate (5) 0 0 0 0 0 0 (134) Currency 4 0 0 0 0 0 0 144 Currency/Interest Rate 49 0 137 471 0 0 0 1,417 Total gains (losses) on cash flow hedges 48 0 137 471 0 0 0 1,427 Net investment hedges Currency 0 0 0 0 0 0 0 10 Currency/Interest Rate 0 0 0 0 0 0 0 0 Total gains (losses) on net investment hedges 0 0 0 0 0 0 0 10 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (2,387) (4,859) 0 0 0 0 0 0 Currency (371) 0 0 (1) 0 0 0 0 Currency/Interest Rate 786 0 0 4 0 0 0 0 Credit (163) 0 0 0 0 0 0 0 Equity 133 1,521 0 0 0 0 0 0 Other 2 0 0 0 0 0 0 0 Embedded Derivatives 311 0 0 0 0 0 0 0 Total gains (losses) on derivatives not qualifying as hedge accounting instruments (1,689) (3,338) 0 3 0 0 0 0 Total $ (1,639) $ (3,338) $ 143 $ 474 $ 0 $ 18 $ 10 $ 1,500 _______ (1) Excluding changes related to net investment hedges using non-derivative instruments of $46 million and $45 million for the three months ended and six months ended June 30, 2023 , and $102 million and $131 million for three months ended and six months ended June 30, 2022, respectively (2) Prior period amounts have been updated to conform to current period presentation.
Schedule of Derivative Instruments Recognized in Accumulated Other Comprehensive Income (Loss) Before Taxes	Presented below is a rollforward of current period cash flow hedges in AOCI before taxes: (in millions) Balance, December 31, 2022 $ 2,616 Amount recorded in AOCI: Interest Rate 3 Currency (32) Currency/Interest Rate (446) Total amount recorded in AOCI (475) Amount reclassified from AOCI to income: Interest Rate 29 Currency (8) Currency/Interest Rate (65) Total amount reclassified from AOCI to income (44) Balance, June 30, 2023 $ 2,097
Credit Derivatives	The following tables provide a summary of the notional and fair value of written credit protection, presented as assets (liabilities). The Company’s maximum amount at risk under these credit derivatives, assuming the value of the underlying referenced securities become worthless, is equal to the notional amounts. These credit derivatives have maturities of less than 24 years for index reference. June 30, 2023 NAIC Rating Designation of Underlying Credit Obligation(1) NAIC 1 NAIC 2 NAIC 3 NAIC 4 NAIC 5 NAIC 6 Total Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value (in millions) Single name reference(2) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Index reference(2) 28 0 0 0 4,330 5 0 0 0 0 457 15 4,815 20 Total $ 28 $ 0 $ 0 $ 0 $ 4,330 $ 5 $ 0 $ 0 $ 0 $ 0 $ 457 $ 15 $ 4,815 $ 20 December 31, 2022 NAIC Rating Designation of Underlying Credit Obligation(1) NAIC 1 NAIC 2 NAIC 3 NAIC 4 NAIC 5 NAIC 6 Total Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value Gross Notional Fair Value (in millions) Single name reference(2) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Index reference(2) 48 0 0 0 5,197 (46) 0 0 0 0 782 15 6,027 (31) Total $ 48 $ 0 $ 0 $ 0 $ 5,197 $ (46) $ 0 $ 0 $ 0 $ 0 $ 782 $ 15 $ 6,027 $ (31) _________ (1) The NAIC rating designations are based on availability and the lowest ratings among Moody's Investors Service, Inc. ("Moody's"), Standard & Poor’s Rating Services (“S&P”) and Fitch Ratings Inc. (“Fitch”). If no rating is available from a rating agency, a NAIC 6 rating is used. (2) Single name credit default swaps may make reference to the credit of corporate debt, sovereign debt, and structured finance. Index references NAIC designations are based on the lowest rated single name reference included in the index.

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value, Assets and Liabilities Measured on Recurring Basis	The tables below present the balances of assets and liabilities reported at fair value on a recurring basis, as of the dates indicated. As of June 30, 2023 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 24,542 $ 0 $ $ 24,542 Obligations of U.S. states and their political subdivisions 0 9,879 7 9,886 Foreign government bonds 0 72,200 8 72,208 U.S. corporate public securities 0 93,077 63 93,140 U.S. corporate private securities(2) 0 35,003 2,670 37,673 Foreign corporate public securities 0 19,969 68 20,037 Foreign corporate private securities 0 27,349 1,660 29,009 Asset-backed securities(3) 0 13,025 287 13,312 Commercial mortgage-backed securities 0 9,157 968 10,125 Residential mortgage-backed securities 0 2,289 9 2,298 Subtotal 0 306,490 5,740 312,230 Assets supporting experience-rated contractholder liabilities: U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 206 0 206 Obligations of U.S. states and their political subdivisions 0 0 0 0 Foreign government bonds 0 640 0 640 Corporate securities 0 79 0 79 Asset-backed securities(3) 0 0 0 0 Commercial mortgage-backed securities 0 0 0 0 Residential mortgage-backed securities 0 0 0 0 Equity securities 891 1,203 0 2,094 All other(4) 0 0 0 0 Subtotal 891 2,128 0 3,019 Market risk benefit assets 0 0 1,951 1,951 Fixed maturities, trading 0 6,047 302 6,349 Equity securities 4,686 2,900 773 8,359 Commercial mortgage and other loans 0 323 0 323 Other invested assets(5) 162 16,023 865 (14,939) 2,111 Short-term investments 473 3,550 25 4,048 Cash equivalents 1,430 5,947 0 7,377 Other assets 0 382 229 611 Separate account assets(6)(7) 9,035 161,467 1,175 171,677 Total assets $ 16,677 $ 505,257 $ 11,060 $ (14,939) $ 518,055 Market risk benefit liabilities $ 0 $ 0 $ 5,462 $ $ 5,462 Policyholders’ account balances 0 0 5,629 5,629 Other liabilities 10 27,186 1 (24,178) 3,019 Total liabilities $ 10 $ 27,186 $ 11,092 $ (24,178) $ 14,110 As of December 31, 2022 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 26,069 $ 0 $ $ 26,069 Obligations of U.S. states and their political subdivisions 0 9,682 7 9,689 Foreign government bonds 0 73,218 8 73,226 U.S. corporate public securities 0 87,521 65 87,586 U.S. corporate private securities(2) 0 34,487 2,392 36,879 Foreign corporate public securities 0 20,621 66 20,687 Foreign corporate private securities 0 26,325 1,335 27,660 Asset-backed securities(3) 0 12,582 269 12,851 Commercial mortgage-backed securities 0 9,644 1,011 10,655 Residential mortgage-backed securities 0 2,408 9 2,417 Subtotal 0 302,557 5,162 307,719 Assets supporting experience-rated contractholder liabilities: U.S. Treasury securities and obligations of U.S. government authorities and agencies 0 189 0 189 Obligations of U.S. states and their political subdivisions 0 0 0 0 Foreign government bonds 0 668 0 668 Corporate securities 0 88 0 88 Asset-backed securities(3) 0 0 0 0 Commercial mortgage-backed securities 0 0 0 0 Residential mortgage-backed securities 0 0 0 0 Equity securities 780 1,119 0 1,899 All other(4) 0 0 0 0 Subtotal 780 2,064 0 2,844 Market risk benefit assets 0 0 800 800 Fixed maturities, trading 0 5,647 304 5,951 Equity securities 4,338 2,185 627 7,150 Commercial mortgage and other loans 0 137 0 137 Other invested assets(5) 15 16,241 539 (14,802) 1,993 Short-term investments 341 3,428 18 3,787 Cash equivalents 544 6,930 0 7,474 Other assets 0 0 152 152 Separate account assets(6)(7) 8,310 162,414 1,081 171,805 Total assets $ 14,328 $ 501,603 $ 8,683 $ (14,802) $ 509,812 Market risk benefit liabilities $ 0 $ 0 $ 5,864 $ $ 5,864 Policyholders’ account balances 0 0 3,492 3,492 Other liabilities 26 25,953 1 (23,298) 2,682 Total liabilities $ 26 $ 25,953 $ 9,357 $ (23,298) $ 12,038 __________ (1) “Netting” amounts represent cash collateral of $(9,239) million and $(8,496) million as of June 30, 2023 and December 31, 2022, respectively. (2) Excludes notes with fair value of $8,290 million (carrying amount of $8,290 million) and $8,040 million (carrying amount of $8,040 million) as of June 30, 2023 and December 31, 2022, respectively, which have been offset with the associated payables under a netting agreement. (3) Includes credit-tranched securities collateralized by syndicated bank loans, sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (4) All other represents cash equivalents and short-term investments. (5) Other invested assets excluded from the fair value hierarchy include certain hedge funds, private equity funds and other funds for which fair value is measured at net asset value (“NAV”) per share (or its equivalent) as a practical expedient. As of June 30, 2023 and December 31, 2022, the fair values of such investments were $3,791 million and $3,689 million, respectively. (6) Separate account assets included in the fair value hierarchy exclude investments in entities that calculate NAV per share (or its equivalent) as a practical expedient. Such investments excluded from the fair value hierarchy include investments in real estate, hedge funds and other invested assets. As of June 30, 2023 and December 31, 2022, the fair value of such investments were $29,194 million and $25,874 million, respectively. (7) Separate account assets represent segregated funds that are invested for certain customers. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company’s Unaudited Interim Consolidated Statements of Financial Position.
Fair Value Inputs, Assets and Liabilities, Quantitative Information	The tables below present quantitative information regarding significant internally-priced Level 3 assets and liabilities. As of June 30, 2023 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Impact of (in millions) Assets: Corporate securities(2)(3) $ 3,706 Discounted Discount rate 0.45% 20% 8.32% Decrease Market comparables EBITDA multiples(4) 1.3X 1.7X 1.5X Increase Liquidation Liquidation value 8.98% 64.71% 57.36% Increase Commercial mortgage-backed securities $ 968 Discounted Liquidity premium 0.60% 0.75% 0.70% Decrease Market risk benefit assets(7) $ 1,951 Discounted cash flow Lapse rate(9) 1% 20% Increase Spread over SOFR(10) 0.57% 2.26% Increase Utilization rate(11) 38% 95% Decrease Withdrawal rate See table footnote (12) below. Mortality rate(13) 0% 15% Increase Equity volatility curve 15% 25% Decrease Equity securities $ 251 Discounted Discount rate 0.16% 20% Decrease Market comparables EBITDA multiples(4) 1.0X 7.5X 5.9X Increase Net Asset Value Share price $1 $1,714 $525 Increase Liabilities: Market risk benefit liabilities(7) $ 5,462 Discounted Lapse rate(9) 1% 20% Decrease Spread over SOFR(10) 0.57% 2.26% Decrease Utilization rate(11) 38% 95% Increase Withdrawal rate See table footnote (12) below. Mortality rate(13) 0% 15% Decrease Equity volatility curve 15% 25% Increase Policyholders’ account balances(8) $ 5,629 Discounted Lapse rate(9) 1% 80% Decrease Spread over SOFR(10) 0.57% 2.32% Decrease Mortality rate(13) 0% 23% Decrease Equity volatility curve 6% 27% Increase Option Budget(14) (1)% 6% Increase As of December 31, 2022 Fair Value Valuation Unobservable Inputs Minimum Maximum Weighted Impact of (in millions) Assets: Corporate securities(2)(3) $ 3,128 Discounted Discount rate 0.61% 20% 8.09% Decrease Market comparables EBITDA multiples(4) 2.2X 23.5X 8.3X Increase Liquidation Liquidation value 8.16% 8.25% 8.21% Increase Market risk benefit assets(7) $ 800 Discounted cash flow Lapse rate(9) 1% 20% Increase Spread over SOFR(10) 0.50% 2.20% Increase Utilization rate(11) 38% 95% Decrease Withdrawal rate See table footnote (12) below. Mortality rate(13) 0% 15% Increase Equity volatility curve 18% 26% Decrease Equity securities $ 290 Discounted Discount rate 0.16% 20% Decrease Market comparables EBITDA multiples(4) 1.0X 7.5X 4.0X Increase Net Asset Value Share price $6 $1,708 $22 Increase Separate account assets-commercial mortgage loans(6) $ 74 Discounted Spread 1.25% 2.10% 1.44% Decrease Liabilities: Market risk benefit liabilities(7) $ 5,864 Discounted Lapse rate(9) 1% 20% Decrease Spread over SOFR(10) 0.50% 2.20% Decrease Utilization rate(11) 38% 95% Increase Withdrawal rate See table footnote (12) below. Mortality rate(13) 0% 15% Decrease Equity volatility curve 18% 26% Increase Policyholders’ account balances(8) $ 3,492 Discounted Lapse rate(9) 1% 80% Decrease Spread over SOFR(10) 0.17% 1.93% Decrease Mortality rate(13) 0% 23% Decrease Equity volatility curve 6% 30% Increase Option Budget(14) (2)% 6% Increase ___________ (1) Conversely, the impact of a decrease in input would have the opposite impact on fair value as that presented in the table. (2) Includes assets classified as fixed maturities available-for-sale, assets supporting experience-rated contractholder liabilities and fixed maturities trading. (3) Excludes notes which have been offset with the associated payables under a netting agreement. (4) Represents multiples of earnings before interest, taxes, depreciation and amortization (“EBITDA”), and are amounts used when the Company has determined that market participants would use such multiples when valuing the investments. (5) For these investments, a range of discount rates is typically used (10% to 20%) and is therefore a more meaningful representation of the unobservable inputs used in the valuation rather than weighted average. (6) Changes in the fair value of separate account assets are borne by customers and thus are offset by changes in separate account liabilities on the Company’s Unaudited Interim Consolidated Statements of Financial Position. As a result, changes in value associated with these investments are not reflected in the Company’s Unaudited Interim Consolidated Statements of Operations. (7) Market risk benefits primarily represent fair value for all living benefit guarantees including accommodation, withdrawal and income benefits. Since the valuation methodology for these assets and liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (8) Policyholders’ account balances primarily represent general account liabilities for the index-linked interest credited on certain of the Company’s life and annuity products that are accounted for as embedded derivatives. Since the valuation methodology for these liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (9) Lapse rates for contracts with living benefit guarantees are adjusted at the contract level based on the in-the-moneyness of the living benefit and reflect other factors, such as the applicability of any surrender charges. Lapse rates are reduced when contracts are more in-the-money. Lapse rates for contracts with index-linked crediting guarantees may be adjusted at the contract level based on the applicability of any surrender charges, product type, and market related factors such as interest rates. Lapse rates are also generally assumed to be lower for the period where surrender charges apply. For any given contract, lapse rates vary throughout the period over which cash flows are projected for the purposes of valuing these embedded derivatives. (10) The spread over the Secured Overnight Financing Rate (“SOFR”) swap curve and the London Inter-Bank Offered Rate (“LIBOR”) swap curve represents the premium added to the proxy for the risk-free rate (SOFR or LIBOR, as applicable) to reflect the Company’s estimates of rates that a market participant would use to value the living benefits in both the accumulation and payout phases and index-linked interest crediting guarantees as of June 30, 2023 and December 31, 2022, respectively. This spread includes an estimate of NPR, which is the risk that the obligation will not be fulfilled by the Company. NPR is primarily estimated by utilizing the credit spreads associated with issuing funding agreements, adjusted for any illiquidity risk premium. In order to reflect the financial strength ratings of the Company, credit spreads associated with funding agreements, as opposed to credit spread associated with debt, are utilized in developing this estimate because funding agreements, living benefit guarantees, and index-linked interest crediting guarantees are insurance liabilities and are therefore senior to debt. Effective April 2023, the Company entered into an agreement with The Ohio National Life Insurance Company (“Ohio National”), an affiliate of Constellation Insurance Holdings, Inc., to reinsure approximately $10 billion of account values of Prudential Defined Income (“PDI”) traditional variable annuity contracts with guaranteed living benefits. See Note 12 for additional information regarding this transaction. As a result of this transaction, a ceded MRB asset balance was established to fair value the reinsurance reimbursements to the Company. The establishment of the fair value also required an estimate of NPR for Ohio National, which may differ from that of the Company’s; however, the NPR spreads for Ohio National were developed using a methodology similar to that of the Company. (11) The utilization rate assumption estimates the percentage of contracts that will utilize the benefit during the contract duration and begin lifetime withdrawals at various time intervals from contract inception. The remaining contractholders are assumed to either begin lifetime withdrawals immediately or never utilize the benefit. Utilization assumptions may vary by product type, tax status and age. The impact of changes in these assumptions is highly dependent on the product type, the age of the contractholder at the time of the sale and the timing of the first lifetime income withdrawal. Range reflects the utilization rate for the vast majority of business with living benefits. (12) The withdrawal rate assumption estimates the magnitude of annual contractholder withdrawals relative to the maximum allowable amount under the contract. These assumptions vary based on the age of the contractholder, the tax status of the contract and the duration since the contractholder began lifetime withdrawals. As of June 30, 2023 and December 31, 2022, the minimum withdrawal rate assumption is 81% and 77% respectively. As of June 30, 2023 and December 31, 2022, the maximum withdrawal rate assumption may be greater than 100%.The fair value of the liability will generally increase the closer the withdrawal rate is to 100% and decrease as the withdrawal rate moves further away from 100%. (13) The range reflects the mortality rates for the vast majority of business with living benefits and other contracts, with policyholders ranging from 50 to 90 years old. While the majority of living benefits have a minimum age requirement, certain other contracts do not have an age restriction. This results in contractholders with mortality rates approaching 0% for certain benefits. Mortality rates may vary by product, age, and duration. A mortality improvement assumption is also incorporated into the overall mortality table. (14) Option budget estimates the expected long-term cost of options used to hedge exposures associated with equity price and interest rate changes. The level of option budgets determines future costs of the options, which impacts the growth in account value and the valuation of embedded derivatives.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables describe changes in fair values of Level 3 assets and liabilities as of the dates indicated, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets and liabilities still held at the end of their respective periods (excluding MRBs disclosed in Note 11). When a determination is made to classify assets and liabilities within Level 3, the determination is based on significance of the unobservable inputs in the overall fair value measurement. All transfers are based on changes in the observability of the valuation inputs, including the availability of pricing service information that the Company can validate. Transfers into Level 3 are generally the result of unobservable inputs utilized within valuation methodologies and the use of indicative broker quotes for assets that were previously valued using observable inputs. Transfers out of Level 3 are generally due to the use of observable inputs in valuation methodologies as well as the availability of pricing service information for certain assets that the Company can validate. Three Months Ended June 30, 2023(8)(9) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. states $ 7 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 7 $ 0 Foreign government 9 0 0 0 0 (1) 0 0 0 8 0 Corporate securities(3) 3,941 26 737 (47) 0 (177) (18) 18 (19) 4,461 18 Structured securities(4) 1,438 6 (1) (4) 0 (13) 0 0 (162) 1,264 (1) Other assets: Fixed maturities, trading 339 (2) 33 0 0 (9) 0 0 (59) 302 (3) Equity securities 801 (23) 2 (8) 0 0 1 0 0 773 (10) Other invested assets 803 (20) 84 (2) 0 0 0 0 0 865 (20) Short-term investments 16 1 28 0 0 (20) 0 0 0 25 0 Cash equivalents 0 0 0 0 0 0 0 0 0 0 0 Other assets 167 26 39 0 0 (3) 0 0 0 229 20 Separate account assets(5) 1,169 49 166 (130) 0 (40) 0 3 (42) 1,175 50 Liabilities: Policyholders’ account balances(6) (4,244) (1,020) 0 0 (438) 0 73 0 0 (5,629) (153) Other liabilities (1) 0 0 0 0 0 0 0 0 (1) 0 Three Months Ended June 30, 2023(8) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(7) (in millions) Fixed maturities, available-for-sale $ (13) $ 0 $ 0 $ 43 $ 2 $ (10) $ 0 $ 0 $ 26 Other assets: Fixed maturities, trading 0 (2) 0 0 0 0 (3) 0 0 Equity securities (1) (22) 0 0 0 0 (10) 0 0 Other invested assets (1) (19) 0 0 0 (1) (19) 0 0 Short-term investments 0 0 0 0 1 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Other assets 26 0 0 0 0 20 0 0 0 Separate account assets(5) 0 0 49 0 0 0 0 50 0 Liabilities: Policyholders’ account balances (1,020) 0 0 0 0 (153) 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Six Months Ended June 30, 2023(8)(9) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. states $ 7 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 7 $ 0 Foreign government 8 0 0 0 0 0 0 0 0 8 0 Corporate securities(3) 3,858 35 1,264 (175) 0 (500) (20) 18 (19) 4,461 39 Structured securities(4) 1,289 (29) 239 (5) 0 (25) 0 37 (242) 1,264 (37) Other assets: Fixed maturities, trading 304 3 66 0 0 (13) 1 0 (59) 302 1 Equity securities 627 (6) 9 (67) 0 (6) 216 1 (1) 773 (10) Other invested assets 539 (19) 354 (9) 0 0 0 0 0 865 (18) Short-term investments 18 3 31 0 0 (27) 0 0 0 25 0 Cash equivalents 0 0 0 0 0 0 0 0 0 0 0 Other assets 152 8 74 0 0 (5) 0 0 0 229 3 Separate account assets(5) 1,081 88 309 (197) 0 (66) 0 3 (43) 1,175 87 Liabilities: Policyholders’ account balances(6) (3,492) (1,271) 0 0 (839) 0 (27) 0 0 (5,629) (262) Other liabilities (1) 0 0 0 0 0 0 0 0 (1) 0 Six Months Ended June 30, 2023(8) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(7) (in millions) Fixed maturities, available-for-sale $ (16) $ 0 $ 0 $ 19 $ 3 $ (3) $ 0 $ 0 $ 5 Other assets: Fixed maturities, trading 0 2 0 0 1 0 1 0 0 Equity securities (1) (5) 0 0 0 0 (10) 0 0 Other invested assets (1) (18) 0 0 0 (1) (17) 0 0 Short-term investments 2 0 0 0 1 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Other assets 8 0 0 0 0 3 0 0 0 Separate account assets(5) 0 0 88 0 0 0 0 87 0 Liabilities: Policyholders’ account balances (1,271) 0 0 0 0 (262) 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Three Months Ended June 30, 2022(8)(9) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. states $ 8 $ (1) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 7 $ (1) Foreign government 10 (1) 0 0 0 0 0 0 0 9 0 Corporate securities(3) 5,005 (84) 556 (59) 9 (318) (17) 8 (1,561) 3,539 (95) Structured securities(4) 1,752 (133) 116 (5) 0 (201) (6) 0 (41) 1,482 (133) Other assets: Fixed maturities, trading 378 (16) 23 (1) 0 (24) 2 0 (15) 347 (17) Equity securities 772 6 20 (23) 0 (2) (7) 0 0 766 1 Other invested assets 504 3 16 (21) 0 (2) (1) 0 0 499 3 Short-term investments 213 0 3 0 0 (12) 0 0 0 204 0 Cash equivalents 2 1 0 0 0 0 (3) 0 0 0 0 Other assets 139 67 (4) 0 0 (1) 1 0 0 202 1 Separate account assets(5) 1,254 (146) 12 (5) 0 (4) 0 0 (71) 1,040 (129) Liabilities: Policyholders’ account balances(6) (1,402) 113 0 0 (251) 0 (2,004) 0 0 (3,544) 532 Other liabilities 0 0 0 0 0 0 0 (1) 0 (1) 0 Three Months Ended June 30, 2022(8) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(7) (in millions) Fixed maturities, available-for-sale $ 8 $ 0 $ 0 $ (225) $ (2) $ (3) $ 0 $ 0 $ (226) Other assets: Fixed maturities, trading 0 (18) 0 0 2 0 (17) 0 0 Equity securities 0 6 0 0 0 0 1 0 0 Other invested assets (2) 5 0 0 0 (2) 5 0 0 Short-term investments 0 0 0 0 0 0 0 0 0 Cash equivalents 1 0 0 0 0 0 0 0 0 Other assets 0 0 0 67 0 1 0 0 0 Separate account assets(5) 0 0 (145) 0 (1) 0 0 (129) 0 Liabilities: Policyholders’ account balances 113 0 0 0 0 532 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Six Months Ended June 30, 2022(8)(9) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. states $ 8 $ (1) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 7 $ (1) Foreign government 10 (1) 0 0 0 0 0 0 0 9 (1) Corporate securities(3) 5,316 (466) 800 (83) 9 (465) (27) 16 (1,561) 3,539 (467) Structured securities(4) 1,986 (278) 201 (22) 0 (221) (9) 6 (181) 1,482 (279) Other assets: Fixed maturities, trading 421 (28) 33 (30) 0 (40) 6 0 (15) 347 (29) Equity securities 799 28 31 (145) 0 (4) (16) 73 0 766 5 Other invested assets 493 10 37 (38) 0 (2) (1) 0 0 499 10 Short-term investments 330 0 4 0 0 (130) 0 0 0 204 0 Cash equivalents 70 (1) 7 0 0 (73) (3) 0 0 0 (2) Other assets 54 74 0 0 0 (3) 77 0 0 202 10 Separate account assets(5) 1,283 (192) 44 (16) 0 (7) (1) 0 (71) 1,040 (189) Liabilities: Policyholders’ account balances(6) (1,436) 280 0 0 (384) 0 (2,004) 0 0 (3,544) 767 Other liabilities 0 0 0 0 0 0 0 (1) 0 (1) 0 Six Months Ended June 30, 2022(8) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(7) (in millions) Fixed maturities, available-for-sale $ (68) $ 0 $ 0 $ (678) $ 0 $ (82) $ 0 $ 0 $ (666) Other assets: Fixed maturities, trading 0 (30) 0 0 2 0 (29) 0 0 Equity securities 0 28 0 0 0 0 5 0 0 Other invested assets (5) 15 0 0 0 (5) 15 0 0 Short-term investments 0 0 0 0 0 0 0 0 0 Cash equivalents (1) 0 0 0 0 (2) 0 0 0 Other assets 7 0 0 67 0 10 0 0 0 Separate account assets(5) 0 0 (192) 0 0 0 0 (189) 0 Liabilities: Policyholders’ account balances 280 0 0 0 0 767 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 ___________ (1) “Other” includes additional activity not allocated to the specific categories within the rollforward of Level 3 Assets and Liabilities. (2) Unrealized gains or losses related to assets still held at the end of the period do not include amortization or accretion of premiums and discounts. (3) Includes U.S. corporate public, U.S. corporate private, foreign corporate public and foreign corporate private securities. (4) Includes asset-backed, commercial mortgage-backed and residential mortgage-backed securities. (5) Separate account assets represent segregated funds that are invested for certain customers. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company’s Unaudited Interim Consolidated Statements of Financial Position. (6) Issuances and settlements for Policyholders’ account balances are presented net in the rollforward. (7) Effective January 1, 2020, the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period were added prospectively due to adoption of ASU 2018-13. (8) Effective January 1, 2021, Future policy benefits and Reinsurance recoverables previously included in “changes in level 3 assets and liabilities” are reported in Note 11 Market Risk Benefits. (9) Excludes MRB assets of $1,951 million and $869 million and MRB liabilities of $5,462 million and $7,293 million for period ending June 30, 2023 and 2022, respectively. See Note 11 Market Risk Benefits for additional information.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables describe changes in fair values of Level 3 assets and liabilities as of the dates indicated, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets and liabilities still held at the end of their respective periods (excluding MRBs disclosed in Note 11). When a determination is made to classify assets and liabilities within Level 3, the determination is based on significance of the unobservable inputs in the overall fair value measurement. All transfers are based on changes in the observability of the valuation inputs, including the availability of pricing service information that the Company can validate. Transfers into Level 3 are generally the result of unobservable inputs utilized within valuation methodologies and the use of indicative broker quotes for assets that were previously valued using observable inputs. Transfers out of Level 3 are generally due to the use of observable inputs in valuation methodologies as well as the availability of pricing service information for certain assets that the Company can validate. Three Months Ended June 30, 2023(8)(9) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. states $ 7 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 7 $ 0 Foreign government 9 0 0 0 0 (1) 0 0 0 8 0 Corporate securities(3) 3,941 26 737 (47) 0 (177) (18) 18 (19) 4,461 18 Structured securities(4) 1,438 6 (1) (4) 0 (13) 0 0 (162) 1,264 (1) Other assets: Fixed maturities, trading 339 (2) 33 0 0 (9) 0 0 (59) 302 (3) Equity securities 801 (23) 2 (8) 0 0 1 0 0 773 (10) Other invested assets 803 (20) 84 (2) 0 0 0 0 0 865 (20) Short-term investments 16 1 28 0 0 (20) 0 0 0 25 0 Cash equivalents 0 0 0 0 0 0 0 0 0 0 0 Other assets 167 26 39 0 0 (3) 0 0 0 229 20 Separate account assets(5) 1,169 49 166 (130) 0 (40) 0 3 (42) 1,175 50 Liabilities: Policyholders’ account balances(6) (4,244) (1,020) 0 0 (438) 0 73 0 0 (5,629) (153) Other liabilities (1) 0 0 0 0 0 0 0 0 (1) 0 Three Months Ended June 30, 2023(8) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(7) (in millions) Fixed maturities, available-for-sale $ (13) $ 0 $ 0 $ 43 $ 2 $ (10) $ 0 $ 0 $ 26 Other assets: Fixed maturities, trading 0 (2) 0 0 0 0 (3) 0 0 Equity securities (1) (22) 0 0 0 0 (10) 0 0 Other invested assets (1) (19) 0 0 0 (1) (19) 0 0 Short-term investments 0 0 0 0 1 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Other assets 26 0 0 0 0 20 0 0 0 Separate account assets(5) 0 0 49 0 0 0 0 50 0 Liabilities: Policyholders’ account balances (1,020) 0 0 0 0 (153) 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Six Months Ended June 30, 2023(8)(9) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. states $ 7 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 7 $ 0 Foreign government 8 0 0 0 0 0 0 0 0 8 0 Corporate securities(3) 3,858 35 1,264 (175) 0 (500) (20) 18 (19) 4,461 39 Structured securities(4) 1,289 (29) 239 (5) 0 (25) 0 37 (242) 1,264 (37) Other assets: Fixed maturities, trading 304 3 66 0 0 (13) 1 0 (59) 302 1 Equity securities 627 (6) 9 (67) 0 (6) 216 1 (1) 773 (10) Other invested assets 539 (19) 354 (9) 0 0 0 0 0 865 (18) Short-term investments 18 3 31 0 0 (27) 0 0 0 25 0 Cash equivalents 0 0 0 0 0 0 0 0 0 0 0 Other assets 152 8 74 0 0 (5) 0 0 0 229 3 Separate account assets(5) 1,081 88 309 (197) 0 (66) 0 3 (43) 1,175 87 Liabilities: Policyholders’ account balances(6) (3,492) (1,271) 0 0 (839) 0 (27) 0 0 (5,629) (262) Other liabilities (1) 0 0 0 0 0 0 0 0 (1) 0 Six Months Ended June 30, 2023(8) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(7) (in millions) Fixed maturities, available-for-sale $ (16) $ 0 $ 0 $ 19 $ 3 $ (3) $ 0 $ 0 $ 5 Other assets: Fixed maturities, trading 0 2 0 0 1 0 1 0 0 Equity securities (1) (5) 0 0 0 0 (10) 0 0 Other invested assets (1) (18) 0 0 0 (1) (17) 0 0 Short-term investments 2 0 0 0 1 0 0 0 0 Cash equivalents 0 0 0 0 0 0 0 0 0 Other assets 8 0 0 0 0 3 0 0 0 Separate account assets(5) 0 0 88 0 0 0 0 87 0 Liabilities: Policyholders’ account balances (1,271) 0 0 0 0 (262) 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Three Months Ended June 30, 2022(8)(9) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. states $ 8 $ (1) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 7 $ (1) Foreign government 10 (1) 0 0 0 0 0 0 0 9 0 Corporate securities(3) 5,005 (84) 556 (59) 9 (318) (17) 8 (1,561) 3,539 (95) Structured securities(4) 1,752 (133) 116 (5) 0 (201) (6) 0 (41) 1,482 (133) Other assets: Fixed maturities, trading 378 (16) 23 (1) 0 (24) 2 0 (15) 347 (17) Equity securities 772 6 20 (23) 0 (2) (7) 0 0 766 1 Other invested assets 504 3 16 (21) 0 (2) (1) 0 0 499 3 Short-term investments 213 0 3 0 0 (12) 0 0 0 204 0 Cash equivalents 2 1 0 0 0 0 (3) 0 0 0 0 Other assets 139 67 (4) 0 0 (1) 1 0 0 202 1 Separate account assets(5) 1,254 (146) 12 (5) 0 (4) 0 0 (71) 1,040 (129) Liabilities: Policyholders’ account balances(6) (1,402) 113 0 0 (251) 0 (2,004) 0 0 (3,544) 532 Other liabilities 0 0 0 0 0 0 0 (1) 0 (1) 0 Three Months Ended June 30, 2022(8) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(7) (in millions) Fixed maturities, available-for-sale $ 8 $ 0 $ 0 $ (225) $ (2) $ (3) $ 0 $ 0 $ (226) Other assets: Fixed maturities, trading 0 (18) 0 0 2 0 (17) 0 0 Equity securities 0 6 0 0 0 0 1 0 0 Other invested assets (2) 5 0 0 0 (2) 5 0 0 Short-term investments 0 0 0 0 0 0 0 0 0 Cash equivalents 1 0 0 0 0 0 0 0 0 Other assets 0 0 0 67 0 1 0 0 0 Separate account assets(5) 0 0 (145) 0 (1) 0 0 (129) 0 Liabilities: Policyholders’ account balances 113 0 0 0 0 532 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 Six Months Ended June 30, 2022(8)(9) Fair Value, beginning of period Total realized and unrealized gains (losses) Purchases Sales Issuances Settlements Other(1) Transfers into Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(2) (in millions) Fixed maturities, available-for-sale: U.S. states $ 8 $ (1) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 7 $ (1) Foreign government 10 (1) 0 0 0 0 0 0 0 9 (1) Corporate securities(3) 5,316 (466) 800 (83) 9 (465) (27) 16 (1,561) 3,539 (467) Structured securities(4) 1,986 (278) 201 (22) 0 (221) (9) 6 (181) 1,482 (279) Other assets: Fixed maturities, trading 421 (28) 33 (30) 0 (40) 6 0 (15) 347 (29) Equity securities 799 28 31 (145) 0 (4) (16) 73 0 766 5 Other invested assets 493 10 37 (38) 0 (2) (1) 0 0 499 10 Short-term investments 330 0 4 0 0 (130) 0 0 0 204 0 Cash equivalents 70 (1) 7 0 0 (73) (3) 0 0 0 (2) Other assets 54 74 0 0 0 (3) 77 0 0 202 10 Separate account assets(5) 1,283 (192) 44 (16) 0 (7) (1) 0 (71) 1,040 (189) Liabilities: Policyholders’ account balances(6) (1,436) 280 0 0 (384) 0 (2,004) 0 0 (3,544) 767 Other liabilities 0 0 0 0 0 0 0 (1) 0 (1) 0 Six Months Ended June 30, 2022(8) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(2) Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) Interest credited to policyholders’ account balances Included in other comprehensive income (losses)(7) (in millions) Fixed maturities, available-for-sale $ (68) $ 0 $ 0 $ (678) $ 0 $ (82) $ 0 $ 0 $ (666) Other assets: Fixed maturities, trading 0 (30) 0 0 2 0 (29) 0 0 Equity securities 0 28 0 0 0 0 5 0 0 Other invested assets (5) 15 0 0 0 (5) 15 0 0 Short-term investments 0 0 0 0 0 0 0 0 0 Cash equivalents (1) 0 0 0 0 (2) 0 0 0 Other assets 7 0 0 67 0 10 0 0 0 Separate account assets(5) 0 0 (192) 0 0 0 0 (189) 0 Liabilities: Policyholders’ account balances 280 0 0 0 0 767 0 0 0 Other liabilities 0 0 0 0 0 0 0 0 0 ___________ (1) “Other” includes additional activity not allocated to the specific categories within the rollforward of Level 3 Assets and Liabilities. (2) Unrealized gains or losses related to assets still held at the end of the period do not include amortization or accretion of premiums and discounts. (3) Includes U.S. corporate public, U.S. corporate private, foreign corporate public and foreign corporate private securities. (4) Includes asset-backed, commercial mortgage-backed and residential mortgage-backed securities. (5) Separate account assets represent segregated funds that are invested for certain customers. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company’s Unaudited Interim Consolidated Statements of Financial Position. (6) Issuances and settlements for Policyholders’ account balances are presented net in the rollforward. (7) Effective January 1, 2020, the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period were added prospectively due to adoption of ASU 2018-13. (8) Effective January 1, 2021, Future policy benefits and Reinsurance recoverables previously included in “changes in level 3 assets and liabilities” are reported in Note 11 Market Risk Benefits. (9) Excludes MRB assets of $1,951 million and $869 million and MRB liabilities of $5,462 million and $7,293 million for period ending June 30, 2023 and 2022, respectively. See Note 11 Market Risk Benefits for additional information.
Fair Value Assets and Liabilities Measured on Recurring Basis, Derivatives	The following tables present the balances of certain derivative assets and liabilities measured at fair value on a recurring basis, as of the date indicated, by the primary underlying risks they are used to manage. These tables include NPR and exclude embedded derivatives and associated reinsurance recoverables. The derivative assets and liabilities shown below are included in “Other invested assets” or “Other liabilities” in the tables contained within the sections “—Assets and Liabilities by Hierarchy Level” and “—Changes in Level 3 Assets and Liabilities,” above. As of June 30, 2023 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Derivative Assets: Interest Rate $ 66 $ 8,812 $ 1 $ $ 8,879 Currency 0 2,341 0 2,341 Credit 0 35 0 35 Currency/Interest Rate 0 3,562 0 3,562 Equity 96 1,274 0 1,370 Other 0 0 0 0 Netting(1) (14,939) (14,939) Total derivative assets $ 162 $ 16,024 $ 1 $ (14,939) $ 1,248 Derivative Liabilities: Interest Rate $ 9 $ 22,242 $ 1 $ $ 22,252 Currency 0 2,669 0 2,669 Credit 0 21 0 21 Currency/Interest Rate 0 541 0 541 Equity 1 1,759 0 1,760 Other 0 0 0 0 Netting(1) (24,178) (24,178) Total derivative liabilities $ 10 $ 27,232 $ 1 $ (24,178) $ 3,065 As of December 31, 2022 Level 1 Level 2 Level 3 Netting(1) Total (in millions) Derivative Assets: Interest Rate $ 13 $ 9,408 $ 1 $ $ 9,422 Currency 0 1,711 0 1,711 Credit 0 27 0 27 Currency/Interest Rate 0 4,282 0 4,282 Equity 1 814 0 815 Other 0 0 0 0 Netting(1) (14,802) (14,802) Total derivative assets $ 14 $ 16,242 $ 1 $ (14,802) $ 1,455 Derivative Liabilities: Interest Rate $ 24 $ 21,806 $ 1 $ $ 21,831 Currency 0 2,186 0 2,186 Credit 0 57 0 57 Currency/Interest Rate 0 503 0 503 Equity 2 1,774 0 1,776 Other 0 0 0 0 Netting(1) (23,298) (23,298) Total derivative liabilities $ 26 $ 26,326 $ 1 $ (23,298) $ 3,055 __________ (1) “Netting” amounts represent cash collateral and the impact of offsetting asset and liability positions held with the same counterparty, subject to master netting agreement.
Fair Value Assets and Liabilities Measured on Recurring Basis Unobservable Input Reconciliation, Derivatives	The following tables provide a summary of the changes in fair value of Level 3 derivative assets and liabilities as of the dates indicated, as well as the portion of gains or losses included in income, attributable to unrealized gains or losses related to those assets and liabilities still held at the end of their respective periods. Three Months Ended June 30, 2023 Fair Value, beginning of period Total realized and unrealized gains (losses)(1) Purchases Sales Issuances Settlements Other Transfers into Transfers out of Level 3(2) Fair Value, end of period Unrealized gains (losses) for assets still held(1) (in millions) Net Derivative - Equity $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Net Derivative - Interest Rate 0 0 0 0 0 0 0 0 0 0 0 Six Months Ended June 30, 2023 Fair Value, beginning of period Total realized and unrealized gains (losses)(1) Purchases Sales Issuances Settlements Other Transfers into Transfers out of Level 3(2) Fair Value, end of period Unrealized gains (losses) for assets still held(1) (in millions) Net Derivative - Equity $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Net Derivative - Interest Rate 0 0 0 0 0 0 0 0 0 0 0 Three Months Ended June 30, 2022 Fair Value, beginning of period Total realized and unrealized gains (losses)(1) Purchases Sales Issuances Settlements Other Transfers into Transfers out of Level 3(2) Fair Value, end of period Unrealized gains (losses) for assets still held(1) (in millions) Net Derivative - Equity $ 2 $ 0 $ 0 $ (2) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Net Derivative - Interest Rate 1 0 0 0 0 0 0 (1) 0 0 0 Six Months Ended June 30, 2022 Fair Value, beginning of period Total realized and unrealized gains (losses)(1) Purchases Sales Issuances Settlements Other Transfers into Transfers out of Level 3(2) Fair Value, end of period Unrealized gains (losses) for assets still held(1) (in millions) Net Derivative - Equity $ 1 $ 1 $ 0 $ (2) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 1 Net Derivative - Interest Rate 1 0 0 0 0 0 0 (1) 0 0 0 ________ (1) Total realized and unrealized gains (losses) as well as unrealized gains (losses) for assets still held at the end of the period are recorded in “Realized investment gains (losses), net.” (2) Transfers into or out of Level 3 are generally reported at the value as of the beginning of the quarter in which the transfers occur for any such positions still held at the end of the quarter.
Fair Value Measurements, Nonrecurring	The following tables represent information for assets measured at fair value on a nonrecurring basis. The fair value measurement is nonrecurring as these assets are measured at fair value only when there is a triggering event (e.g., an evidence of impairment). Assets included in the table are those that were impaired during the respective reporting periods and that are still held as of the reporting date. The estimated fair values for these amounts were determined using significant unobservable inputs (Level 3). Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions) Gains (Losses): Mortgage servicing rights(1) $ 0 $ (1) $ 0 $ 2 Investment real estate $ (17) $ (5) $ (17) $ (6) Investment in JV/LP $ (37) $ (75) $ (54) $ (75) June 30, 2023 December 31, 2022 (in millions) Carrying value after measurement as of period end: Mortgage servicing rights(1) $ 0 $ 77 Investment real estate(2) $ 114 $ 112 Investment in JV/LP(2) $ 71 $ 64 Goodwill(3) $ 0 $ 177 __________ (1) Mortgage servicing rights are valued using a discounted cash flow model. The model incorporates assumptions for servicing revenues, which are adjusted for expected prepayments, delinquency rates, escrow deposit income and estimated loan servicing expenses. The discount rates incorporated into the model are determined based on the estimated returns a market participant would require for this business including a liquidity and risk premium. This estimate includes available relevant data from any active market sales of mortgage servicing rights. (2) Reported carrying values for 2022 include values as of the measurement periods of June 30, 2022 and September 30, 2022 for “Investment real estate” and June 30, 2022 for “Investment in JV/LP”. (3) The Company recognized a goodwill impairment charge for Assurance IQ in 2022. The fair value was determined using weighting of an income approach based on discounted cash flow valuation techniques and a market approach based on forward sales multiple of comparable publicly traded companies. The valuation as of December 31, 2022 included unobservable inputs such as forecasted cash flows, discount rate applied, expected synergies and business growth rate assumptions under the income approach and forward market multiples of comparable peer companies and an implied control premium under the market approach. The inputs and assumptions applied are consistent with how a market participant would value Assurance IQ and the related goodwill. See Note 10 to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2022 for additional information.
Fair Value, Option	The following tables present information regarding assets and liabilities where the fair value option has been elected. Three Months Ended Six Months Ended 2023 2022 2023 2022 (in millions) Commercial mortgage and other loans: Interest income $ 3 $ 2 $ 4 $ 6 June 30, 2023 December 31, 2022 (in millions) Commercial mortgage and other loans(1): Fair value as of period end $ 323 $ 137 Aggregate contractual principal as of period end $ 319 $ 136 Other assets: Fair value as of period end $ 11 $ 11 __________ (1) As of June 30, 2023, for loans for which the fair value option has been elected, there were no loans in non-accrual status and none of the loans were more than 90 days past due and still accruing.
Fair Value Disclosure Financial Instruments Not Carried at Fair Value	The tables below present the carrying amount and fair value by fair value hierarchy level of certain financial instruments that are not reported at fair value. The financial instruments presented below are reported at carrying value on the Company’s Unaudited Interim Consolidated Statements of Financial Position. In some cases, as described below, the carrying amount equals or approximates fair value. June 30, 2023 Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in millions) Assets: Fixed maturities, held-to-maturity(2) $ 0 $ 1,329 $ 0 $ 1,329 $ 1,171 Assets supporting experience-rated contractholder liabilities 0 0 0 0 0 Commercial mortgage and other loans 0 43 53,059 53,102 57,366 Policy loans 7 0 9,976 9,983 9,983 Other invested assets 0 97 0 97 97 Short-term investments 995 16 0 1,011 1,011 Cash and cash equivalents 7,250 25 0 7,275 7,275 Accrued investment income 0 3,142 0 3,142 3,142 Other assets 43 2,623 1,227 3,893 3,892 Total assets $ 8,295 $ 7,275 $ 64,262 $ 79,832 $ 83,937 Liabilities: Policyholders’ account balances—investment contracts $ 0 $ 31,330 $ 34,148 $ 65,478 $ 69,576 Securities sold under agreements to repurchase 0 6,097 0 6,097 6,097 Cash collateral for loaned securities 0 5,207 0 5,207 5,207 Short-term debt 0 667 96 763 763 Long-term debt(3) 564 16,423 755 17,742 18,876 Notes issued by consolidated VIEs 0 0 402 402 402 Other liabilities 0 7,273 17 7,290 7,290 Separate account liabilities—investment contracts 0 26,626 23,684 50,310 50,310 Total liabilities $ 564 $ 93,623 $ 59,102 $ 153,289 $ 158,521 December 31, 2022 Fair Value Carrying Level 1 Level 2 Level 3 Total Total (in millions) Assets: Fixed maturities, held-to-maturity(2) $ 0 $ 1,455 $ 0 $ 1,455 $ 1,296 Assets supporting experience-rated contractholder liabilities 0 0 0 0 0 Commercial mortgage and other loans 0 46 52,296 52,342 56,608 Policy loans 5 0 10,041 10,046 10,046 Other invested assets 0 102 0 102 102 Short-term investments 715 89 0 804 804 Cash and cash equivalents 9,388 389 0 9,777 9,777 Accrued investment income 0 3,012 0 3,012 3,012 Other assets 48 2,929 754 3,731 3,731 Total assets $ 10,156 $ 8,022 $ 63,091 $ 81,269 $ 85,376 Liabilities: Policyholders’ account balances—investment contracts $ 0 $ 31,665 $ 34,937 $ 66,602 $ 70,722 Securities sold under agreements to repurchase 0 6,589 0 6,589 6,589 Cash collateral for loaned securities 0 6,100 0 6,100 6,100 Short-term debt 0 613 164 777 775 Long-term debt(3) 550 17,324 790 18,664 19,908 Notes issued by consolidated VIEs 0 0 374 374 374 Other liabilities 0 7,970 11 7,981 7,981 Separate account liabilities—investment contracts 0 27,735 25,270 53,005 53,005 Total liabilities $ 550 $ 97,996 $ 61,546 $ 160,092 $ 165,454 __________ (1) Carrying values presented herein differ from those in the Company’s Unaudited Interim Consolidated Statements of Financial Position because certain items within the respective financial statement captions are not considered financial instruments or out of scope under authoritative guidance relating to disclosures of the fair value of financial instruments. (2) Excludes notes with fair value of $4,000 million (carrying amount of $4,000 million) and $4,250 million (carrying amount of $4,250 million) as of June 30, 2023 and December 31, 2022, respectively, which have been offset with the associated payables under a netting agreement. (3) Includes notes with fair value of $12,290 million (carrying amount of $12,290 million) as of both June 30, 2023 and December 31, 2022, which have been offset with the associated receivables under a netting agreement.

Deferred Policy Acquisition C_2

Deferred Policy Acquisition Costs, Deferred Sales Inducements and Value of Business Acquired (Tables)	6 Months Ended
	Jun. 30, 2023
Deferred Charges, Insurers [Abstract]
Schedule of Deferred Policy Acquisition Costs	January 1, 2021 Deferred Policy Acquisition Costs Retirement Strategies Individual Life International Businesses Other Businesses Total Individual Variable Term Life Variable/ Life Gibraltar (in millions) Balance prior to transition $ 4,643 $ 2,417 $ 3,779 $ 4,278 $ 3,390 $ 520 $ 19,027 Unwinding amounts related to unrealized investment gains and losses and other activity 273 0 450 337 570 106 1,736 Balance after transition $ 4,916 $ 2,417 $ 4,229 $ 4,615 $ 3,960 $ 626 $ 20,763 The following tables show a rollforward for the lines of business that contain material DAC balances, along with a reconciliation to the Company’s total DAC balance: Six Months Ended June 30, 2023 Retirement Strategies Individual Life International Businesses Total Individual Variable Term Life Variable/ Life Planner Gibraltar Life (in millions) Balance, BOP $ 4,171 $ 2,288 $ 5,000 $ 4,710 $ 4,231 $ 20,400 Capitalization 124 72 291 300 294 1,081 Amortization expense (186) (107) (121) (163) (156) (733) Other adjustments(1) (393) 0 0 9 0 (384) Foreign currency adjustment 0 0 0 (124) (117) (241) Balance, EOP $ 3,716 $ 2,253 $ 5,170 $ 4,732 $ 4,252 20,123 Other businesses 197 Total DAC balance $ 20,320 _________ (1) Includes the impact of the reinsurance transaction with Ohio National in Individual Retirement Strategies. See Note 12 for additional information. Six Months Ended June 30, 2022 Retirement Strategies Individual Life International Businesses Total Individual Variable Term Life Variable/ Life Planner Gibraltar Life (in millions) Balance, BOP $ 4,872 $ 2,372 $ 4,679 $ 4,685 $ 4,135 $ 20,743 Capitalization 159 66 275 305 293 1,098 Amortization expense (205) (105) (119) (162) (151) (742) Other adjustments(1) (584) 0 0 10 0 (574) Foreign currency adjustment 0 0 0 (313) (238) (551) Balance, EOP $ 4,242 $ 2,333 $ 4,835 $ 4,525 $ 4,039 19,974 Other businesses 118 Total DAC balance $ 20,092 _________ (1) Includes $584 million in Individual Retirement Strategies related to the sale of PALAC. See Note 1 for additional information. .
Deferred Sales Inducements	January 1, 2021 Deferred Sales Inducements(1) Retirement Strategies Other Businesses Total Individual Variable (in millions) Balance prior to transition $ 781 $ 39 $ 820 Unwinding amounts related to unrealized investment gains and losses 85 2 87 Balance after transition $ 866 $ 41 $ 907 __________ (1) Deferred sales inducements (“DSI”) are included in “Other assets”. The following table shows a rollforward of DSI balances for variable annuity products within Individual Retirement Strategies, which is the only line of business that contains a material DSI balance, along with a reconciliation to the Company’s total DSI balance: Six Months Ended June 30, 2023 2022 (in millions) Balance, BOP $ 446 $ 799 Capitalization 2 1 Amortization expense (20) (27) Other adjustments(1) 0 (308) Balance, EOP 428 465 Other businesses 34 36 Total DSI balance $ 462 $ 501 _________ (1) The 2022 amount relates to the sale of PALAC. See Note 1 for additional information.
Schedule of Value of Business Acquired	January 1, 2021 Value of Business Acquired International Businesses Other Businesses(1) Total Gibraltar Life and Other (in millions) Balance prior to transition $ 852 $ 251 $ 1,103 Unwinding amounts related to unrealized investment gains and losses and other activity 59 1 60 Balance after transition $ 911 $ 252 $ 1,163 __________ (1) Primarily represents value of business acquired (“VOBA”) for the Full Service Retirement business. The following table shows a rollforward of VOBA balances for Gibraltar Life and Other, which is the only line of business that contains a material VOBA balance, along with a reconciliation to the Company’s total VOBA balance: Six Months Ended June 30, 2023 2022 (in millions) Balance, BOP $ 597 $ 746 Amortization expense (26) (32) Foreign currency adjustment (48) (106) Balance, EOP 523 608 Other businesses 19 (18) Total VOBA balance $ 542 $ 590 The following table provides VOBA balances for the applicable businesses for the period ended June 30: 2023 (in millions) Gibraltar Life $ 523 Aoba Life 19 Total $ 542
Estimated Future VOBA Amortization, Net of Interest	The following table provides estimated future amortization for the periods indicated: 2023 (July-December) 2024 2025 2026 2027 Thereafter Total (in millions) Estimated future VOBA amortization $ 25 $ 46 $ 42 $ 38 $ 35 $ 356 $ 542

Separate Accounts (Tables)

Separate Accounts (Tables)	6 Months Ended
	Jun. 30, 2023
Insurance [Abstract]
Separate Account Assets	The aggregate fair value of assets, by major investment asset category, supporting separate accounts is as follows: June 30, December 31, (in millions) Asset Type: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 4,942 $ 5,208 Obligations of U.S. states and their political subdivisions 2,108 2,006 Foreign government bonds 121 120 U.S. corporate securities 13,042 13,135 Foreign corporate securities 3,229 3,261 Asset-backed securities 1,292 1,131 Mortgage-backed securities 15,023 14,653 Mutual funds: Equity 86,619 82,781 Fixed Income 37,875 38,109 Other 5,597 3,797 Equity securities 5,298 5,177 Commercial mortgage and other loans 69 74 Other invested assets 22,478 24,590 Short-term investments 1,265 1,306 Cash and cash equivalents 1,913 2,331 Total $ 200,871 $ 197,679
Separate Account Liability	The balances of and changes in separate account liabilities as of and for the periods ended are as follows: Six Months Ended June 30, 2023 Retirement Strategies PGIM Institutional Individual Group Insurance Individual Life Total (in millions) Balance, BOP $ 40,056 $ 11,428 $ 93,395 $ 23,513 $ 32,930 $ 201,322 Deposits 2,928 175 204 11 1,489 4,807 Investment performance (99) 523 7,420 896 4,026 12,766 Policy charges (42) (6) (1,181) (139) (528) (1,896) Surrenders and withdrawals (2,828) (226) (4,667) (14) (409) (8,144) Benefit payments (1,728) (278) (56) (138) (166) (2,366) Net transfers (to) from general account (351) (35) (6) 0 (1,130) (1,522) Other (709) (182) 5 (382) 52 (1,216) Balance, EOP $ 37,227 $ 11,399 $ 95,114 $ 23,747 $ 36,264 203,751 Other businesses(1) (2,880) Total separate account liabilities $ 200,871 Cash surrender value(2) $ 37,227 $ 11,399 $ 93,745 $ 23,630 $ 33,157 $ 199,158 __________ (1) Primarily represents Divested and Run-off Businesses, partially offset with the impact of intercompany eliminations. There are no associated cash surrender charges. (2) "Cash surrender value" represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. There are no cash surrender charges for the PGIM and Institutional Retirement Strategies segments. Six Months Ended June 30, 2022 Retirement Strategies PGIM Institutional Individual Group Insurance Individual Life Total (in millions) Balance, BOP $ 42,020 $ 14,064 $ 158,546 $ 27,097 $ 39,789 $ 281,516 Deposits 4,048 511 460 63 1,268 6,350 Investment performance 1,080 (1,948) (26,996) (3,395) (7,362) (38,621) Policy charges (43) (9) (1,611) (144) (501) (2,308) Surrenders and withdrawals (3,866) (3,056) (6,136) (11) (371) (13,440) Benefit payments (1,644) (298) (70) (157) (212) (2,381) Net transfers (to) from general account (11) 2,809 (256) 17 (243) 2,316 Other(1) 290 (262) (25,084) 302 56 (24,698) Balance, EOP $ 41,874 $ 11,811 $ 98,853 $ 23,772 $ 32,424 208,734 Other businesses(2) (3,121) Total separate account liabilities $ 205,613 Cash surrender value(3) $ 41,874 $ 11,811 $ 97,083 $ 23,646 $ 29,591 $ 204,005 __________ (1) Activity for Individual Retirement Strategies primarily represents the sale of PALAC. See Note 1 for additional information. (2) Primarily represents Divested and Run-off Businesses, partially offset with the impact of intercompany eliminations. There are no associated cash surrender charges. (3) "Cash surrender value" represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. There are no cash surrender charges for the PGIM and Institutional Retirement Strategies segments.

Liability For Future Policy B_2

Liability For Future Policy Benefits (Tables)	6 Months Ended
	Jun. 30, 2023
Insurance [Abstract]
Liability for Future Policy Benefit, Activity	January 1, 2021 Benefit Reserves(1) Retirement Strategies Individual International Businesses Corporate and Other Other Businesses(2) Total Institutional Term Life Gibraltar Long- (in millions) Balance prior to transition $ 65,383 $ 7,887 $ 51,607 $ 69,542 $ 7,975 $ 6,624 $ 209,018 Changes in cash flow assumptions and other activity (3,805) 0 10 (523) (18) 1 (4,335) Balance after transition, at original discount rate 61,578 7,887 51,617 69,019 7,957 6,625 204,683 Cumulative changes in discount rate assumptions and other activity 13,548 2,662 22,590 13,784 4,905 5,381 62,870 Balance after transition, at current discount rate 75,126 10,549 74,207 82,803 12,862 12,006 267,553 Less: Reinsurance recoverable 0 799 160 307 0 13 1,279 Balance after transition, net of reinsurance recoverable $ 75,126 $ 9,750 $ 74,047 $ 82,496 $ 12,862 $ 11,993 $ 266,274 __________ (1) Benefit reserves, excluding amounts for reinsurance recoverable, are included in "Future policy benefits." For additional information regarding the liability for future policy benefits, see Note 9. (2) Primarily represents benefit reserves related to the Prudential of Taiwan business that was sold in the second quarter of 2021. The Company did not choose to apply ASU 2022-05 to this disposal transaction. See Note 2 for additional information. January 1, 2021 Deferred Profit Liability(1) Retirement Strategies International Businesses Other Businesses Total Institutional Life Planner Gibraltar Life and Other (in millions) Balance prior to transition $ 1,315 $ 1,964 $ 3,746 $ 349 $ 7,374 Changes in benefit reserves 3,801 110 730 148 4,789 Balance after transition 5,116 2,074 4,476 497 12,163 Less: Reinsurance recoverable 0 7 15 0 22 Balance after transition, net of reinsurance recoverable $ 5,116 $ 2,067 $ 4,461 $ 497 $ 12,141 __________ (1) Deferred profit liability (“DPL”), excluding amounts for reinsurance recoverable, is included in "Future policy benefits." For additional information regarding the liability for future policy benefits, see Note 9. January 1, 2021 Additional Insurance Reserves(1) Retirement Strategies Individual Life Other Businesses Total Individual Variable Variable/ Universal Life (in millions) Balance prior to transition $ 889 $ 9,415 $ 483 $ 10,787 Unwinding amounts related to unrealized investment gains and losses (65) (1,444) (106) (1,615) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 824 7,971 377 9,172 Reclassification of future policy benefits AIR to MRB (824) 0 (92) (916) Reclassification of policyholders’ account balances AIR to MRB 0 0 (48) (48) Updates to certain universal life contract liabilities(2) 0 1,772 7 1,779 Change in discount rate for annuitization benefits 0 0 116 116 Balance after transition, excluding amounts related to unrealized investment gains and losses 0 9,743 360 10,103 Amounts related to unrealized investment gains and losses after transition 0 1,186 0 1,186 Balance after transition 0 10,929 360 11,289 Less: Reinsurance recoverable 0 4,387 0 4,387 Balance after transition, net of reinsurance recoverable $ 0 $ 6,542 $ 360 $ 6,902 __________ (1) Additional insurance reserves (“AIR”), excluding amounts for reinsurance recoverable, are included in “Future policy benefits”. For additional information regarding the liability for future policy benefits, see Note 9. (2) For additional information regarding updates to reserves and other related balances for certain universal life contracts, see Note 2. January 1, 2021 Universal Life Loss Recognition Reserves/Profit Followed by Losses Liability(1) Individual Life Other Businesses Total (in millions) Balance prior to transition $ 1,823 $ 6 $ 1,829 Unwinding amounts related to unrealized investment gains and losses (1,149) 0 (1,149) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 674 6 680 Derecognizing LRR & PFL (674) 0 (674) Balance after transition, excluding amounts related to unrealized investment gains and losses 0 6 6 Amounts related to unrealized investment gains and losses after transition 1,018 0 1,018 Balance after transition $ 1,018 $ 6 $ 1,024 __________ (1) Universal life loss recognition reserves (“LRR”) / profit followed by losses liability (“PFL”) are included in “Future policy benefits”. For additional information regarding the liability for future policy benefits, see Note 9. January 1, 2021 Non-Participating Traditional and Limited-Payment Loss Recognition Reserves/Profit Followed by Losses Liability(1) Retirement Strategies International Businesses Corporate and Other Other Businesses Total Institutional Life Planner Gibraltar Life and Other Long- Term Care (in millions) Balance prior to transition $ 1,985 $ 181 $ 670 $ 734 $ 145 $ 3,715 Unwinding amounts related to unrealized investment gains and losses (1,985) (169) (670) (734) (105) (3,663) Balance prior to transition, excluding amounts related to unrealized investment gains and losses 0 12 0 0 40 52 Derecognizing LRR & PFL 0 (12) 0 0 (40) (52) Balance after transition $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 __________ (1) Prior to the adoption of ASU 2018-12, non-participating traditional and limited-payment loss recognition reserves / profit followed by losses liabilities were included in “Future policy benefits”. January 1, 2021 Terminal Dividend Liability(1) Individual Life Closed Block Division Total Variable/ Universal Life Term Life (in millions) Balance prior to transition $ 212 $ 4 $ 375 $ 591 Unwinding amounts related to unrealized investment gains and losses and other activity (11) 0 0 (11) Balance after transition 201 4 375 580 Less: Reinsurance recoverable 0 0 0 0 Balance after transition, net of reinsurance recoverable $ 201 $ 4 $ 375 $ 580 __________ (1) Terminal dividend liability is included in “Future policy benefits”. The balances of and changes in Benefit Reserves as of and for the periods indicated consist of the three tables presented below: Present Value of Expected Net Premiums rollforward, Present Value of Expected Future Policy Benefits rollforward, and Net Liability for Future Policy Benefits. Six Months Ended June 30, 2023 Present Value of Expected Net Premiums Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 52,620 $ 11,282 $ 30,689 $ 28,951 $ 2,932 $ 126,474 Effect of cumulative changes in discount rate assumptions, BOP 14,349 572 1,354 1,326 103 17,704 Balance at original discount rate, BOP 66,969 11,854 32,043 30,277 3,035 144,178 Effect of assumption update (1,117) (1) 78 (175) 266 (949) Effect of actual variances from expected experience and other activity 378 (81) (417) (332) 121 (331) Adjusted balance, BOP 66,230 11,772 31,704 29,770 3,422 142,898 Issuances 5,783 338 1,253 865 0 8,239 Net premiums / considerations collected (4,944) (711) (2,106) (1,928) (154) (9,843) Interest accrual 1,049 270 458 402 77 2,256 Foreign currency adjustment 3,816 0 (1,080) (1,214) 0 1,522 Other adjustments 0 0 93 0 0 93 Balance at original discount rate, EOP 71,934 11,669 30,322 27,895 3,345 145,165 Effect of cumulative changes in discount rate assumptions, EOP (18,002) (497) (594) (614) (89) (19,796) Balance, EOP $ 53,932 $ 11,172 $ 29,728 $ 27,281 $ 3,256 $ 125,369 Other businesses, EOP 85 Total balance, EOP $ 125,454 Six Months Ended June 30, 2023 Present Value of Expected Future Policy Benefits Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 117,754 $ 19,288 $ 78,639 $ 80,331 $ 10,685 $ 306,697 Effect of cumulative changes in discount rate assumptions, BOP 20,170 1,012 3,719 11,266 1,216 37,383 Balance at original discount rate, BOP 137,924 20,300 82,358 91,597 11,901 344,080 Effect of assumption update (1,289) (1) 145 44 357 (744) Effect of actual variances from expected experience and other activity 351 (96) (381) (323) 136 (313) Adjusted balance, BOP 136,986 20,203 82,122 91,318 12,394 343,023 Issuances 5,783 338 1,253 865 0 8,239 Interest accrual 2,457 472 1,325 1,162 292 5,708 Benefit payments (5,643) (779) (1,777) (2,270) (122) (10,591) Foreign currency adjustment 3,898 0 (3,243) (4,355) 0 (3,700) Other adjustments 4 (13) 179 (11) 0 159 Balance at original discount rate, EOP 143,485 20,221 79,859 86,709 12,564 342,838 Effect of cumulative changes in discount rate assumptions, EOP (22,882) (823) 715 (6,148) (999) (30,137) Balance, EOP $ 120,603 $ 19,398 $ 80,574 $ 80,561 $ 11,565 $ 312,701 Other businesses, EOP 1,707 Total balance, EOP $ 314,408 Six Months Ended June 30, 2023 Net Liability for Future Policy Benefits - Benefit Reserves Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, EOP, pre-flooring $ 66,671 $ 8,225 $ 50,846 $ 53,279 $ 8,309 $ 187,330 Flooring impact, EOP 1 0 17 2 0 20 Balance, EOP, post-flooring 66,672 8,225 50,863 53,281 8,309 187,350 Less: Reinsurance recoverable 0 707 104 211 0 1,022 Balance after reinsurance recoverable, EOP, post-flooring $ 66,672 $ 7,518 $ 50,759 $ 53,070 $ 8,309 $ 186,328 Other businesses, EOP(1) 1,553 Total balance after reinsurance recoverable, EOP $ 187,881 Six Months Ended June 30, 2022 Present Value of Expected Net Premiums Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 68,791 $ 12,971 $ 39,517 $ 37,815 $ 3,585 $ 162,679 Effect of cumulative changes in discount rate assumptions, BOP (4,414) (1,892) (3,516) (3,239) (644) (13,705) Balance at original discount rate, BOP 64,377 11,079 36,001 34,576 2,941 148,974 Effect of assumption update 249 1,313 (76) (176) 49 1,359 Effect of actual variances from expected experience and other activity 282 40 (719) (274) 132 (539) Adjusted balance, BOP 64,908 12,432 35,206 34,126 3,122 149,794 Issuances 2,436 204 1,831 1,429 0 5,900 Net premiums / considerations collected (3,232) (689) (2,277) (2,215) (139) (8,552) Interest accrual 800 266 487 446 72 2,071 Foreign currency adjustment (6,646) 0 (2,644) (2,545) 0 (11,835) Other adjustments 0 (8) 121 0 0 113 Balance at original discount rate, EOP 58,266 12,205 32,724 31,241 3,055 137,491 Effect of cumulative changes in discount rate assumptions, EOP (8,098) 22 (6) (23) 70 (8,035) Balance, EOP $ 50,168 $ 12,227 $ 32,718 $ 31,218 $ 3,125 $ 129,456 Other businesses, EOP 109 Total balance, EOP $ 129,565 Six Months Ended June 30, 2022 Present Value of Expected Future Policy Benefits Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, BOP $ 142,593 $ 22,768 $ 109,562 $ 114,846 $ 15,810 $ 405,579 Effect of cumulative changes in discount rate assumptions, BOP (13,706) (3,876) (21,554) (13,476) (4,482) (57,094) Balance at original discount rate, BOP 128,887 18,892 88,008 101,370 11,328 348,485 Effect of assumption update (187) 1,777 (115) (164) 49 1,360 Effect of actual variances from expected experience and other activity 190 54 (795) (235) 152 (634) Adjusted balance, BOP 128,890 20,723 87,098 100,971 11,529 349,211 Issuances 2,436 204 1,831 1,429 0 5,900 Interest accrual 1,992 460 1,357 1,235 273 5,317 Benefit payments (4,880) (810) (1,642) (2,590) (119) (10,041) Foreign currency adjustment (6,842) 0 (7,250) (8,921) 0 (23,013) Other adjustments (418) (15) 243 (8) 0 (198) Balance at original discount rate, EOP 121,178 20,562 81,637 92,116 11,683 327,176 Effect of cumulative changes in discount rate assumptions, EOP (10,638) 161 2,708 (4,876) (178) (12,823) Balance, EOP $ 110,540 $ 20,723 $ 84,345 $ 87,240 $ 11,505 $ 314,353 Other businesses, EOP 2,043 Total balance, EOP $ 316,396 Six Months Ended June 30, 2022 Net Liability for Future Policy Benefits - Benefit Reserves Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care Total (in millions) Balance, EOP, pre-flooring $ 60,372 $ 8,497 $ 51,627 $ 56,021 $ 8,380 $ 184,897 Flooring impact, EOP 44 0 102 162 0 308 Balance, EOP, post-flooring 60,416 8,497 51,729 56,183 8,380 185,205 Less: Reinsurance recoverable 0 782 128 219 0 1,129 Balance after reinsurance recoverable, EOP, post-flooring $ 60,416 $ 7,715 $ 51,601 $ 55,964 $ 8,380 $ 184,076 Other businesses, EOP(1) 1,852 Total balance after reinsurance recoverable, EOP $ 185,928 __________ (1) Reflects balance after reinsurance recoverable of $71 million and $81 million at June 30, 2023 and 2022, respectively. The following tables provide supplemental information related to the balances of and changes in Benefit Reserves included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: Six Months Ended June 30, 2023 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care ($ in millions) Undiscounted expected future gross premiums $ 114,545 $ 23,200 $ 70,654 $ 57,912 $ 6,972 Discounted expected future gross premiums (at original discount rate) $ 79,109 $ 15,427 $ 54,694 $ 46,591 $ 4,561 Discounted expected future gross premiums (at current discount rate) $ 59,307 $ 14,789 $ 54,132 $ 45,778 $ 4,444 Undiscounted expected future benefits and expenses $ 220,313 $ 31,195 $ 140,232 $ 142,232 $ 30,913 Interest accrual $ 1,408 $ 202 $ 867 $ 760 $ 215 Gross premiums $ 5,335 $ 923 $ 3,340 $ 3,174 $ 222 Weighted-average duration of the liability in years (at original discount rate) 8 10 20 19 18 Weighted-average duration of the liability in years (at current discount rate) 8 10 20 18 18 Weighted-average interest rate (at original discount rate) 4.39 % 5.18 % 3.45 % 2.57 % 4.91 % Weighted-average interest rate (at current discount rate) 5.30 % 5.28 % 2.85 % 2.75 % 5.47 % Six Months Ended June 30, 2022 Retirement Strategies Individual Life International Businesses Corporate and Other Institutional Term Life Life Planner Gibraltar Life and Other Long-Term Care ($ in millions) Undiscounted expected future gross premiums $ 87,851 $ 23,901 $ 75,418 $ 65,827 $ 7,122 Discounted expected future gross premiums (at original discount rate) $ 63,647 $ 15,877 $ 58,628 $ 52,470 $ 4,605 Discounted expected future gross premiums (at current discount rate) $ 54,888 $ 15,911 $ 59,093 $ 52,619 $ 4,714 Undiscounted expected future benefits and expenses $ 182,241 $ 31,885 $ 148,659 $ 157,157 $ 29,554 Interest accrual $ 1,192 $ 194 $ 870 $ 789 $ 201 Gross premiums $ 3,437 $ 947 $ 3,656 $ 3,631 $ 218 Weighted-average duration of the liability in years (at original discount rate) 9 11 21 21 19 Weighted-average duration of the liability in years (at current discount rate) 8 10 20 18 19 Weighted-average interest rate (at original discount rate) 4.19 % 5.25 % 3.44 % 2.52 % 4.91 % Weighted-average interest rate (at current discount rate) 4.68 % 4.63 % 2.61 % 2.48 % 5.02 % The balances of and changes in Deferred Profit Liability as of and for the period indicated are as follows: Six Months Ended June 30, 2023 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,532 $ 3,379 $ 5,261 $ 14,172 Flooring impact, BOP 0 0 1 1 Balance, BOP, pre-flooring 5,532 3,379 5,260 14,171 Effect of assumption update 35 (67) (228) (260) Effect of actual variances from expected experience and other activity 19 (4) (18) (3) Adjusted balance, BOP 5,586 3,308 5,014 13,908 Profits deferred 197 850 665 1,712 Interest accrual 113 71 76 260 Amortization (282) (579) (512) (1,373) Foreign currency adjustment 14 (72) (188) (246) Other adjustments 0 20 0 20 Balance, EOP, pre-flooring 5,628 3,598 5,055 14,281 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,628 3,598 5,056 14,282 Less: Reinsurance recoverable 0 8 10 18 Balance after reinsurance recoverable $ 5,628 $ 3,590 $ 5,046 14,264 Other businesses(1) 149 Total balance after reinsurance recoverable $ 14,413 Six Months Ended June 30, 2022 Deferred Profit Liability Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other Total (in millions) Balance, BOP $ 5,183 $ 2,741 $ 5,014 $ 12,938 Flooring impact, BOP 0 0 1 1 Balance, BOP, pre-flooring 5,183 2,741 5,013 12,937 Effect of assumption update 382 28 (5) 405 Effect of actual variances from expected experience and other activity 96 3 (49) 50 Adjusted balance, BOP 5,661 2,772 4,959 13,392 Profits deferred 21 875 759 1,655 Interest accrual 104 60 71 235 Amortization (272) (573) (526) (1,371) Foreign currency adjustment (28) (166) (363) (557) Other adjustments 0 19 (1) 18 Balance, EOP, pre-flooring 5,486 2,987 4,899 13,372 Flooring impact, EOP 0 0 1 1 Balance, EOP 5,486 2,987 4,900 13,373 Less: Reinsurance recoverable 0 8 10 18 Balance after reinsurance recoverable $ 5,486 $ 2,979 $ 4,890 13,355 Other businesses(1) 189 Total balance after reinsurance recoverable $ 13,544 __________ (1) Reflects balance after reinsurance recoverable of $0 million and $1 million at June 30, 2023 and 2022, respectively. The following tables provide supplemental information related to the balances of and changes in Deferred Profit Liability, included in the disaggregated tables above, on a gross (direct and assumed) basis, as of and for the period indicated: Six Months Ended June 30, 2023 Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other (in millions) Revenue(1) $ (83) $ (291) $ 18 Interest accrual $ 113 $ 71 $ 76 Six Months Ended June 30, 2022 Retirement Strategies International Businesses Institutional Life Planner Gibraltar Life and Other (in millions) Revenue(1) $ (330) $ (415) $ (250) Interest accrual $ 104 $ 60 $ 71 __________ (1) Represents the gross premiums collected in changes in Deferred Profit Liability excluding impact of foreign currency adjustments. The following table shows a rollforward of AIR balances for variable and universal life products within Individual Life, which is the only line of business that contains a material AIR balance, for the period indicated, along with a reconciliation to the Company’s total AIR balance: Six Months Ended June 30, 2023 2022 (in millions) Balance, including amounts in AOCI, BOP, post-flooring $ 12,684 $ 11,708 Flooring impact and amounts in AOCI 1,285 (909) Balance, excluding amounts in AOCI, BOP, pre-flooring 13,969 10,799 Effect of assumption update 23 2,200 Effect of actual variances from expected experience and other activity 26 (156) Adjusted balance, BOP 14,018 12,843 Assessments collected(1) 518 453 Interest accrual 239 205 Benefits paid (153) (118) Balance, excluding amounts in AOCI, EOP, pre-flooring 14,622 13,383 Flooring impact and amounts in AOCI (1,109) (869) Balance, including amounts in AOCI, EOP, post-flooring 13,513 12,514 Less: Reinsurance recoverable 5,484 5,004 Balance after reinsurance recoverable, including amounts in AOCI, EOP 8,029 7,510 Other businesses 147 165 Total balance after reinsurance recoverable $ 8,176 $ 7,675 __________ (1) Represents the portion of gross assessments required to fund the future policy benefits. Six Months Ended June 30, 2023 2022 ($ in millions) Interest accrual $ 239 $ 205 Gross assessments $ 1,547 $ 1,230 Weighted-average duration of the liability in years (at original discount rate) 22 23 Weighted-average interest rate (at original discount rate) 3.39 % 3.72 % The following table presents the reconciliation of the ending balances from above rollforwards, Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability including other liabilities, gross of related reinsurance recoverable, to the total liability for Future Policy Benefits on the Company's Consolidated Statement of Financial Position as of the periods indicated: Six Months Ended June 30, 2023 2022 (in millions) Benefit reserves, EOP, post-flooring $ 188,974 $ 187,139 Deferred Profit Liability EOP, post-flooring 14,431 13,563 Additional insurance reserves, including amounts in AOCI, EOP, post-flooring 13,660 12,679 Subtotal of amounts disclosed above 217,065 213,381 Other Future Policy Benefits reserves(1) 51,584 52,709 Total Future Policy Benefits $ 268,649 $ 266,090 __________ The following tables present revenue and interest expense related to Benefit Reserves, Additional Insurance Reserves, and Deferred Profit Liability, as well as related revenue and interest expense not presented in the above supplemental tables, in the Company's Consolidated Statement of Operations as of the periods indicated: Six Months Ended June 30, 2023 Revenues(1) Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 5,335 $ 923 $ 0 $ 3,340 $ 3,174 $ 273 $ 13,045 Deferred profit liability (83) 0 0 (291) 18 34 (322) Additional insurance reserves 0 0 1,547 0 0 0 1,547 Total $ 5,252 $ 923 $ 1,547 $ 3,049 $ 3,192 $ 307 $ 14,270 Six Months Ended June 30, 2022 Revenues(1) Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 3,437 $ 947 $ 0 $ 3,656 $ 3,631 $ 268 $ 11,939 Deferred profit liability (330) 0 0 (415) (250) 36 (959) Additional insurance reserves 0 0 1,230 0 0 1 1,231 Total $ 3,107 $ 947 $ 1,230 $ 3,241 $ 3,381 $ 305 $ 12,211 Six Months Ended June 30, 2023 Interest Expense Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 1,408 $ 202 $ 0 $ 867 $ 760 $ 242 $ 3,479 Deferred profit liability 113 0 0 71 76 2 262 Additional insurance reserves 0 0 239 0 0 1 240 Total $ 1,521 $ 202 $ 239 $ 938 $ 836 $ 245 $ 3,981 Six Months Ended June 30, 2022 Interest Expense Retirement Strategies Individual Life International Businesses Institutional Term Life Variable/Universal Life Life Planner Gibraltar Life and Other Other Businesses(2) Total (in millions) Benefit reserves $ 1,192 $ 194 $ 0 $ 870 $ 789 $ 230 $ 3,275 Deferred profit liability 104 0 0 60 71 3 238 Additional insurance reserves 0 0 205 0 0 2 207 Total $ 1,296 $ 194 $ 205 $ 930 $ 860 $ 235 $ 3,720 __________ (1) Represents "Gross Premiums" for benefit reserves, "Revenue" for deferred profit liability and "Gross Assessments" for additional insurance reserves. (2) Includes remaining balances disclosed above and balances for which disaggregated rollforward disclosures may not be presented above.

Policyholders' Account Balanc_2

Policyholders' Account Balances (Tables)	6 Months Ended
	Jun. 30, 2023
Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities [Abstract]
Policyholder Account Balance	The balances of and changes in policyholders' account balances as of and for the periods ended are as follows: Six Months Ended June 30, 2023 Group Insurance Retirement Strategies Individual Life International Businesses Total Life/Disability Institutional Individual Variable Individual Fixed Variable/Universal Life Life Planner Gibraltar Life and Other ($ in millions) Balance, beginning of period $ 5,839 $ 17,376 $ 17,524 $ 4,643 $ 26,502 $ 11,168 $ 35,325 $ 118,377 Deposits 523 2,513 2,230 1,206 1,190 1,150 2,818 11,630 Interest credited 84 335 148 60 391 513 354 1,885 Acquisitions and dispositions 0 0 0 0 0 0 0 0 Policy charges (161) (11) (11) (3) (1,024) (150) (87) (1,447) Surrenders and withdrawals (826) (2,295) (332) (196) (859) (96) (582) (5,186) Benefit payments 0 (272) (40) (40) (81) (137) (1,002) (1,572) Net transfers (to) from separate account 0 0 16 0 1,155 0 0 1,171 Change in market value and other adjustments(1) 0 0 1,052 70 148 14 (2) 1,282 Foreign currency adjustment 0 0 0 0 0 (798) (888) (1,686) Balance, end of period 5,459 17,646 20,587 5,740 27,422 11,664 35,936 124,454 Less: Reinsurance and other recoverable(2) 0 0 0 0 11 1 20 32 Policyholders' account balance net of reinsurance and other recoverable $ 5,459 $ 17,646 $ 20,587 $ 5,740 $ 27,411 $ 11,663 $ 35,916 $ 124,422 Closed Block Division 4,543 Unearned revenue reserve, unearned expense credit, and additional interest reserve 4,930 Other(3) 4,816 Total Policyholders' account balance $ 138,743 Weighted-average crediting rate 2.99 % 3.83 % 1.55 % 2.32 % 2.90 % 8.98 % 1.99 % 3.11 % Net amount at risk(4) $ 72,764 $ 0 $ 0 $ 0 $ 373,992 $ 17,126 $ 6,472 $ 470,354 Cash surrender value(5) $ 3,992 $ 17,646 $ 18,638 $ 4,541 $ 22,936 $ 10,046 $ 31,477 $ 109,276 Six Months Ended June 30, 2022 Group Insurance Retirement Strategies Individual Life International Businesses Total Life/Disability Institutional Individual Variable Individual Fixed Variable/Universal Life Life Planner Gibraltar Life and Other ($ in millions) Balance, beginning of period $ 6,273 $ 16,391 $ 14,125 $ 4,652 $ 26,859 $ 11,555 $ 37,615 $ 117,470 Deposits 608 2,076 2,721 71 1,279 415 1,523 8,693 Interest credited 75 255 53 53 405 (9) 232 1,064 Acquisitions and dispositions 0 0 (1,406) (440) 0 0 0 (1,846) Policy charges (162) (11) (1) (2) (1,018) (100) (53) (1,347) Surrenders and withdrawals (700) (2,240) (150) (67) (848) (100) (1,504) (5,609) Benefit payments 0 (270) (57) (86) (107) (130) (1,159) (1,809) Net transfers (to) from separate account (17) 0 185 0 264 0 0 432 Change in market value and other adjustments(1) 0 0 72 (75) (286) 16 (7) (280) Foreign currency adjustment 0 0 0 0 0 (1,525) (1,990) (3,515) Balance, end of period 6,077 16,201 15,542 4,106 26,548 10,122 34,657 113,253 Less: Reinsurance and other recoverable(2) 0 0 0 0 12 1 22 35 Policyholders' account balance net of reinsurance and other recoverable $ 6,077 $ 16,201 $ 15,542 $ 4,106 $ 26,536 $ 10,121 $ 34,635 $ 113,218 Closed Block Division 4,664 Unearned revenue reserve, unearned expense credit, and additional interest reserve 4,216 Other(3) 8,275 Total Policyholders' account balance $ 130,408 Weighted-average crediting rate 2.42 % 3.13 % 0.71 % 2.41 % 3.03 % (0.17) % 1.29 % 1.84 % Net amount at risk(4) $ 71,162 $ 0 $ 0 $ 0 $ 360,368 $ 14,518 $ 7,285 $ 453,333 Cash surrender value(5) $ 4,136 $ 16,201 $ 13,380 $ 3,079 $ 21,673 $ 8,959 $ 30,843 $ 98,271 ____________ (1) Primarily relates to changes in the value of embedded derivative instruments associated with the indexed options of certain products. (2) The amount of recoverable related to reinsurance agreements that reduce the risk of the policyholders' account balance gross liability. (3) Includes $5,832 million and $8,242 million of Full Service account balances reinsured to Great-West as of June 30, 2023 and 2022, respectively. See Note 1 for additional information. (4) The net amount at risk calculation includes both general account and separate account balances. (5) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. There are no cash surrender charges for the Institutional Retirement Strategies segment.
Policyholder Account Balance, Guaranteed Minimum Crediting Rate	The balance of account values by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between rates being credited to policyholders and the respective guaranteed minimums are as follows: June 30, 2023 Range of Guaranteed Minimum Crediting Rate (1) At guaranteed minimum 1 - 50 bps above guaranteed minimum 51 - 150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total ($ in millions) Group Insurance Less than 1.00% $ 0 $ 0 $ 0 $ 1,342 $ 1,342 1.00% - 1.99% 0 0 0 0 0 2.00% - 2.99% 55 0 0 0 55 3.00% - 4.00% 1,621 0 0 0 1,621 Greater than 4.00% 3 0 0 0 3 Total $ 1,679 $ 0 $ 0 $ 1,342 $ 3,021 Institutional Less than 1.00% $ 401 $ 0 $ 0 $ 0 $ 401 1.00% - 1.99% 1,565 0 0 0 1,565 2.00% - 2.99% 557 0 0 0 557 3.00% - 4.00% 5,891 0 0 0 5,891 Greater than 4.00% 1,728 0 0 0 1,728 Total $ 10,142 $ 0 $ 0 $ 0 $ 10,142 Individual Variable Less than 1.00% $ 973 $ 834 $ 18 $ 0 $ 1,825 1.00% - 1.99% 232 2 1 0 235 2.00% - 2.99% 30 5 0 0 35 3.00% - 4.00% 2,119 8 10 0 2,137 Greater than 4.00% 101 0 0 0 101 Total $ 3,455 $ 849 $ 29 $ 0 $ 4,333 Individual Fixed Less than 1.00% $ 0 $ 0 $ 0 $ 0 $ 0 1.00% - 1.99% 559 136 245 84 1,024 2.00% - 2.99% 519 467 48 11 1,045 3.00% - 4.00% 355 8 0 0 363 Greater than 4.00% 100 0 0 0 100 Total $ 1,533 $ 611 $ 293 $ 95 $ 2,532 Variable & Universal Life Less than 1.00% $ 0 $ 0 $ 0 $ 36 $ 36 1.00% - 1.99% 164 0 2,681 363 3,208 2.00% - 2.99% 23 1,724 2,826 287 4,860 3.00% - 4.00% 7,386 2,024 1,308 11 10,729 Greater than 4.00% 5,560 0 0 0 5,560 Total $ 13,133 $ 3,748 $ 6,815 $ 697 $ 24,393 Life Planner Less than 1.00% $ 342 $ 26 $ 91 $ 1,136 $ 1,595 1.00% - 1.99% 2,915 24 0 0 2,939 2.00% - 2.99% 2,080 0 0 0 2,080 3.00% - 4.00% 333 0 0 0 333 Greater than 4.00% 388 0 0 0 388 Total $ 6,058 $ 50 $ 91 $ 1,136 $ 7,335 Gibraltar Less than 1.00% $ 16,373 $ 0 $ 0 $ 0 $ 16,373 1.00% - 1.99% 9,143 68 0 0 9,211 2.00% - 2.99% 3,225 327 39 0 3,591 3.00% - 4.00% 3,943 0 0 0 3,943 Greater than 4.00% 2,612 0 0 0 2,612 Total $ 35,296 $ 395 $ 39 $ 0 $ 35,730 June 30, 2022 Range of Guaranteed Minimum Crediting Rate (1) At guaranteed minimum 1 - 50 bps above guaranteed minimum 51 - 150 bps above guaranteed minimum Greater than 150 bps above guaranteed minimum Total ($ in millions) Group Insurance Less than 1.00% $ 0 $ 0 $ 0 $ 1,813 $ 1,813 1.00% - 1.99% 7 0 0 0 7 2.00% - 2.99% 54 0 0 0 54 3.00% - 4.00% 1,681 0 0 0 1,681 Greater than 4.00% 3 0 0 0 3 Total $ 1,745 $ 0 $ 0 $ 1,813 $ 3,558 Institutional Less than 1.00% $ 401 $ 0 $ 0 $ 0 $ 401 1.00% - 1.99% 1,573 0 0 0 1,573 2.00% - 2.99% 1,224 0 0 0 1,224 3.00% - 4.00% 4,676 0 0 0 4,676 Greater than 4.00% 989 0 0 0 989 Total $ 8,863 $ 0 $ 0 $ 0 $ 8,863 Individual Variable Less than 1.00% $ 1,051 $ 878 $ 19 $ 0 $ 1,948 1.00% - 1.99% 255 2 0 0 257 2.00% - 2.99% 38 0 1 0 39 3.00% - 4.00% 2,393 6 10 0 2,409 Greater than 4.00% 114 0 0 0 114 Total $ 3,851 $ 886 $ 30 $ 0 $ 4,767 Individual Fixed Less than 1.00% $ 0 $ 0 $ 0 $ 0 $ 0 1.00% - 1.99% 653 65 94 26 838 2.00% - 2.99% 477 0 0 0 477 3.00% - 4.00% 413 2 0 0 415 Greater than 4.00% 109 0 0 0 109 Total $ 1,652 $ 67 $ 94 $ 26 $ 1,839 Variable & Universal Life Less than 1.00% $ 16 $ 0 $ 0 $ 0 $ 16 1.00% - 1.99% 343 0 695 1,978 3,016 2.00% - 2.99% 397 0 2,260 2,118 4,775 3.00% - 4.00% 7,773 13 2,515 157 10,458 Greater than 4.00% 5,566 0 0 0 5,566 Total $ 14,095 $ 13 $ 5,470 $ 4,253 $ 23,831 Life Planner Less than 1.00% $ 359 $ 28 $ 97 $ 28 $ 512 1.00% - 1.99% 3,080 20 0 0 3,100 2.00% - 2.99% 2,228 0 0 0 2,228 3.00% - 4.00% 308 0 0 0 308 Greater than 4.00% 395 0 0 0 395 Total $ 6,370 $ 48 $ 97 $ 28 $ 6,543 Gibraltar Less than 1.00% $ 18,839 $ 0 $ 0 $ 0 $ 18,839 1.00% - 1.99% 10,254 0 0 0 10,254 2.00% - 2.99% 3,466 326 49 0 3,841 3.00% - 4.00% 1,157 0 0 0 1,157 Greater than 4.00% 246 0 0 0 246 Total $ 33,962 $ 326 $ 49 $ 0 $ 34,337 ____________ (1) Excludes contracts without minimum guaranteed crediting rates, such as funds with indexed-linked crediting options and Japan variable products.

Market Risk Benefits (Tables)

Market Risk Benefits (Tables)	6 Months Ended
	Jun. 30, 2023
Insurance [Abstract]
Market Risk Benefits In Asset and Liability Positions	January 1, 2021 Market Risk Benefits(1) Retirement Strategies Other Businesses Total Individual Variable (in millions) Liability for guaranteed benefits recorded at fair value, prior to transition $ 18,731 $ 148 $ 18,879 AIR to be reclassified to MRB, prior to transition, excluding amounts related to unrealized investment gains and losses 824 140 964 Total liability prior to transition 19,555 288 19,843 Change in reserve basis to MRB framework 122 98 220 MRB after transition, at current NPR value 19,677 386 20,063 Less: Reinsured MRB 204 7 211 MRB after transition, net of reinsurance 19,473 379 19,852 MRB after transition, at contract inception NPR value 21,259 392 21,651 Cumulative change in NPR 1,582 6 1,588 MRB after transition, at current NPR value $ 19,677 $ 386 $ 20,063 __________ (1) For additional information regarding market risk benefits, see Note 11. The following table shows a rollforward of MRB balances for variable annuity products within Individual Retirement Strategies, which is the only line of business that contains a material MRB balance, along with a reconciliation to the Company’s total net MRB positions as of the following dates: Six Months Ended June 30, 2023 2022 (in millions) Balance, BOP $ 4,987 $ 13,392 Effect of cumulative changes in NPR 1,828 898 Balance, BOP, before effect of changes in NPR 6,815 14,290 Attributed fees collected 601 734 Claims paid (59) (33) Interest accrual 173 31 Actual in force different from expected 36 61 Effect of changes in interest rates (696) (6,078) Effect of changes in equity markets (1,389) 3,669 Effect of assumption update 342 (152) Issuances 5 0 Other adjustments(1) (22) (3,993) Balance, EOP, before effect of changes in NPR 5,806 8,529 Effect of cumulative changes in NPR (1,751) (2,197) Balance, EOP 4,055 6,332 Less: Reinsured MRB 637 41 Balance, EOP, net of reinsurance 3,418 6,291 Other businesses 93 133 Total net MRB balance $ 3,511 $ 6,424 _________ (1) 2022 includes $4,061 million related to the sale of PALAC. See Note 1 for additional information. . The following table presents accompanying information to the rollforward table above. June 30, 2023 June 30, 2022 ($ in millions) Net amount at risk(1) $ 10,885 $ 11,538 Weighted-average attained age of contractholders 69 68 ___________ (1) For contracts with multiple benefit features, the highest net amount at risk for each contract is included. The tables below reconcile MRB asset and liability positions as of the following dates: June 30, 2023 Retirement Strategies Individual Variable Other Businesses Total (in millions) MRB Assets $ 1,937 $ 14 $ 1,951 MRB Liabilities 5,355 107 5,462 Net Liability $ 3,418 $ 93 $ 3,511 June 30, 2022 Retirement Strategies Individual Variable Other Businesses Total (in millions) MRB Assets $ 856 $ 13 $ 869 MRB Liabilities 7,147 146 7,293 Net Liability $ 6,291 $ 133 $ 6,424

Reinsurance (Tables)

Reinsurance (Tables)	6 Months Ended
	Jun. 30, 2023
Insurance [Abstract]
Reinsurance amounts included in the Consolidated Statement of Operations	Reinsurance amounts included in the Consolidated Statements of Operations for premiums, policy charges and fee income, change in value of market risk benefits, net of related hedging gains (losses), policyholders’ benefits and change in estimates of liability for future policy benefits, are as follows: Six Months Ended June 30, 2023 2022 (in millions) Direct premiums $ 14,989 $ 13,294 Reinsurance assumed 2,422 2,072 Reinsurance ceded (1,139) (1,200) Premiums $ 16,272 $ 14,166 Direct policy charges and fee income $ 1,893 $ 1,921 Reinsurance assumed 615 619 Reinsurance ceded (301) (266) Policy charges and fee income $ 2,207 $ 2,274 Direct change in value of market risk benefits, net of related hedging gains (losses) $ 88 $ (817) Reinsurance assumed 83 (76) Reinsurance ceded (80) (87) Change in value of market risk benefits, net of related hedging gains (losses) $ 91 $ (980) Direct policyholders’ benefits $ 15,858 $ 15,164 Reinsurance assumed 3,787 3,203 Reinsurance ceded (1,680) (1,634) Policyholders’ benefits $ 17,965 $ 16,733 Direct change in estimates of liability for future policy benefits $ 429 $ 1,501 Reinsurance assumed (146) 470 Reinsurance ceded (3) (1,339) Change in estimates of liability for future policy benefits $ 280 $ 632
Reinsurance recoverables	Reinsurance recoverables, are as follows: June 30, 2023 December 31, 2022 (in millions) Individual and group annuities(1) $ 1,728 $ 2,078 Life insurance(2) 8,377 7,981 Other reinsurance 412 358 Total reinsurance recoverables(3) $ 10,517 $ 10,417 __________ (1) Primarily represents reinsurance recoverables established under the reinsurance agreement with FLIAC in which the Company assumed all of FLIAC’s indexed variable annuities of $1,673 million and $1,986 million as of June 30, 2023 and December 31, 2022, respectively. (2) Includes reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the Hartford Life Business of $2,082 million and $2,041 million as of June 30, 2023 and December 31, 2022, respectively. The Company has also recorded reinsurance payables related to the Hartford Life Business acquisition of $1,330 million and $1,327 million as of June 30, 2023 and December 31, 2022, respectively. (3) Net of $(17) million and $(15) million of loss allowance as of June 30, 2023 and December 31, 2022, respectively.

Closed Block (Tables)

Closed Block (Tables)	6 Months Ended
	Jun. 30, 2023
Closed Block Disclosure [Abstract]
Schedule of Closed Block Liabilities and Assets	Closed Block liabilities and assets designated to the Closed Block, as well as maximum future earnings to be recognized from these liabilities and assets, are as follows: June 30, December 31, (in millions) Closed Block liabilities Future policy benefits $ 43,884 $ 44,414 Policyholders’ dividends payable 614 617 Policyholders’ dividend obligation 392 0 Policyholders’ account balances 4,543 4,607 Other Closed Block liabilities 3,292 3,499 Total Closed Block liabilities 52,725 53,137 Closed Block assets Fixed maturities, available-for-sale, at fair value 29,923 29,898 Fixed maturities, trading, at fair value 851 900 Equity securities, at fair value 1,975 1,733 Commercial mortgage and other loans 7,716 7,926 Policy loans 3,548 3,637 Other invested assets 4,775 4,254 Short-term investments 323 337 Total investments 49,111 48,685 Cash and cash equivalents 621 1,307 Accrued investment income 410 402 Other Closed Block assets 128 162 Total Closed Block assets 50,270 50,556 Excess of reported Closed Block liabilities over Closed Block assets 2,455 2,581 Portion of above representing accumulated other comprehensive income (loss): Net unrealized investment gains (losses) (2,912) (3,458) Allocated to policyholder dividend obligation 2,753 3,207 Future earnings to be recognized from Closed Block assets and Closed Block liabilities $ 2,296 $ 2,330
Schedule of Closed Block Dividend Obligation	Information regarding the policyholder dividend obligation is as follows: Six Months Ended (in millions) Balance, December 31, 2022 $ 0 Impact from earnings allocable to policyholder dividend obligation (62) Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation 454 Balance, June 30, 2023 $ 392
Schedule of Closed Block Revenues Benefits Expenses	Closed Block revenues and benefits and expenses are as follows for the periods indicated: Three Months Ended Six Months Ended 2023 2022 2023 2022 (in millions) Revenues Premiums $ 430 $ 442 $ 836 $ 850 Net investment income 498 523 977 1,079 Realized investment gains (losses), net (113) (60) (130) 40 Other income (loss) 140 (373) 240 (471) Total Closed Block revenues 955 532 1,923 1,498 Benefits and Expenses Policyholders’ benefits 610 637 1,182 1,261 Interest credited to policyholders’ account balances 29 30 59 60 Dividends to policyholders 292 (228) 594 (17) General and administrative expenses 71 75 144 148 Total Closed Block benefits and expenses 1,002 514 1,979 1,452 Closed Block revenues, net of Closed Block benefits and expenses, before income taxes (47) 18 (56) 46 Income tax expense (benefit) (54) (10) (86) (9) Closed Block revenues, net of Closed Block benefits and expenses and income taxes $ 7 $ 28 $ 30 $ 55

Short-Term and Long-Term Debt (

Short-Term and Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Short-term Debt	The table below presents the Company’s short-term debt as of the dates indicated: June 30, 2023 December 31, 2022 ($ in millions) Commercial paper: Prudential Financial $ 25 $ 25 Prudential Funding, LLC 469 413 Subtotal commercial paper 494 438 Current portion of long-term debt: Senior Notes 173 173 Mortgage debt 83 155 Surplus notes subject to set-off arrangements(1) 500 500 Subtotal current portion of long-term debt 756 828 Other(2) 13 9 Subtotal 1,263 1,275 Less: assets under set-off arrangements(1) 500 500 Total short-term debt(3) $ 763 $ 775 Supplemental short-term debt information: Portion of commercial paper borrowings due overnight $ 80 $ 130 Daily average commercial paper outstanding for the quarter ended $ 1,258 $ 1,312 Weighted average maturity of outstanding commercial paper, in days 29 98 Weighted average interest rate on outstanding commercial paper 5.16 % 4.69 % _________ (1) The surplus notes have corresponding assets where rights to set-off exist, thereby reducing the amount of surplus notes included in short-term debt. (2) Includes $13 million and $9 million drawn on a revolving line of credit held by a subsidiary at June 30, 2023 and December 31, 2022, respectively. (3) Includes Prudential Financial debt of $25 million at both June 30, 2023 and December 31, 2022.
Schedule of Long-term Debt	The table below presents the Company’s long-term debt as of the dates indicated: June 30, 2023 December 31, 2022 (in millions) Fixed-rate obligations: Surplus notes $ 345 $ 345 Surplus notes subject to set-off arrangements(1) 9,460 9,460 Senior notes 10,113 10,115 Mortgage debt 25 25 Floating-rate obligations: Line of credit 230 300 Surplus notes subject to set-off arrangements(1) 2,330 2,330 Mortgage debt(2) 74 29 Junior subordinated notes(3) 8,089 9,094 Subtotal 30,666 31,698 Less: assets under set-off arrangements(1) 11,790 11,790 Total long-term debt(4) $ 18,876 $ 19,908 __________ (1) The surplus notes have corresponding assets where rights to set-off exist, thereby reducing the amount of surplus notes included in long-term debt. (2) Includes $27 million and $29 million of debt denominated in foreign currency at June 30, 2023 and December 31, 2022, respectively. (3) Includes Prudential Financial debt of $8,046 million and $9,047 million at June 30, 2023 and December 31, 2022, respectively. Also includes subsidiary debt of $43 million and $47 million denominated in foreign currency at June 30, 2023 and December 31, 2022, respectively. (4) Includes Prudential Financial debt of $18,159 million and $19,162 million at June 30, 2023 and December 31, 2022, respectively.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2023
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	Net periodic (benefit) cost included in “General and administrative expenses” includes the following components: Three Months Ended June 30, Pension Benefits Other Postretirement Benefits 2023 2022 2023 2022 (in millions) Components of net periodic (benefit) cost: Service cost $ 52 $ 66 $ 3 $ 3 Interest cost 138 112 18 15 Expected return on plan assets (232) (218) (22) (25) Amortization of prior service cost 0 0 (2) (2) Amortization of actuarial (gain) loss, net 17 36 2 2 Settlements 1 0 0 0 Curtailments(1) 0 0 0 (8) Special termination benefits(2) 0 3 0 4 Net periodic (benefit) cost $ (24) $ (1) $ (1) $ (11) Six Months Ended June 30, Pension Benefits Other Postretirement Benefits 2023 2022 2023 2022 (in millions) Components of net periodic (benefit) cost: Service cost $ 103 $ 146 $ 5 $ 7 Interest cost 276 209 36 27 Expected return on plan assets (463) (431) (43) (52) Amortization of prior service cost 0 0 (4) (4) Amortization of actuarial (gain) loss, net 34 87 5 3 Settlements 1 1 0 0 Curtailments(1) 0 0 0 (8) Special termination benefits(2) 0 4 0 4 Net periodic (benefit) cost $ (49) $ 16 $ (1) $ (23) __________ (1) For 2022, curtailments were recognized for other postretirement benefit plans as a result of the sale of the Full Service Retirement business. (2) For 2022, certain employees were provided special termination benefits under non-qualified plans in the form of unreduced early retirement benefits as a result of their involuntary termination while others were provided enhanced benefits due to the sale of the Full Service Retirement business.

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2023
Stockholders' Equity Note [Abstract]
Common Stock Disclosure	The changes in the number of shares of Common Stock issued, held in treasury and outstanding, are as follows for the periods indicated: Common Stock Issued Held In Outstanding (in millions) Balance, December 31, 2022 666.3 300.3 366.0 Common Stock issued 0.0 0.0 0.0 Common Stock acquired 0.0 5.7 (5.7) Stock-based compensation programs(1) 0.0 (3.2) 3.2 Balance, June 30, 2023 666.3 302.8 363.5 __________ (1) Represents net shares issued from treasury pursuant to the Company’s stock-based compensation programs.
Dividends Declared	Dividends declared per share of Common Stock are as follows for the periods indicated: Three Months Ended Six Months Ended 2023 2022 2023 2022 Dividends declared per share of Common Stock $ 1.25 $ 1.20 $ 2.50 $ 2.40
Components of Accumulated Other Comprehensive Income (Loss)	The balance of and changes in each component of AOCI as of and for the six months ended June 30, 2023 and 2022, are as follows: Accumulated Other Comprehensive Income (Loss) Attributable to Foreign Net Unrealized Interest rate remeasurement of Liability for Future Policy Benefits Gains (losses) from Changes in Non-performance Risk on Market Risk Benefits Pension and Total (in millions) Balance, December 31, 2022 $ (2,274) $ (16,195) $ 15,242 $ 1,448 $ (2,027) $ (3,806) Change in OCI before reclassifications (359) 5,184 (8,901) (77) 10 (4,143) Amounts reclassified from AOCI 1 381 0 0 35 417 Income tax benefit (expense) (87) (1,358) 2,324 16 (12) 883 Balance, June 30, 2023 $ (2,719) $ (11,988) $ 8,665 $ 1,387 $ (1,994) $ (6,649) Accumulated Other Comprehensive Income (Loss) Attributable to Foreign Net Unrealized Interest rate remeasurement of Liability for Future Policy Benefits Gains (losses) from Changes in Non-performance Risk on Market Risk Benefits Pension and Total (in millions) Balance, December 31, 2021 $ (1,107) $ 26,640 $ (33,220) $ 707 $ (2,513) $ (9,493) Change in OCI before reclassifications (1,309) (42,390) 48,618 1,307 367 6,593 Amounts reclassified from AOCI 9 403 0 0 86 498 Income tax benefit (expense) (84) 9,670 (11,511) (275) (101) (2,301) Balance, June 30, 2022 $ (2,491) $ (5,677) $ 3,887 $ 1,739 $ (2,161) $ (4,703) __________ (1) Includes cash flow hedges of $2,097 million and $2,616 million as of June 30, 2023 and December 31, 2022, respectively, and $2,446 million and $1,019 million as of June 30, 2022 and December 31, 2021, respectively, and fair value hedges of $(149) million and $(54) million as of June 30, 2023 and December 31, 2022, respectively, and $27 million and $(35) million as of June 30, 2022 and December 31, 2021, respectively.
Reclassification Out Of Accumulated Other Comprehensive Income (Loss)	Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended Six Months Ended Affected line item in Consolidated Statements of Operations 2023 2022 2023 2022 (in millions) Amounts reclassified from AOCI(1)(2): Foreign currency translation adjustment: Foreign currency translation adjustments $ (1) $ 1 $ (1) $ (9) Realized investment gains (losses), net Net unrealized investment gains (losses): Cash flow hedges—Interest rate (6) (1) (29) (5) (3) Cash flow hedges—Currency 3 3 8 4 (3) Cash flow hedges—Currency/Interest rate 26 503 65 657 (3) Fair value hedges—Currency (2) 0 (4) (2) (3) Net unrealized investment gains (losses) on available-for-sale securities (266) (646) (421) (1,057) Realized investment gains (losses), net Total net unrealized investment gains (losses) (245) (141) (381) (403) (4) Amortization of defined benefit items: Prior service cost 2 2 4 4 (5) Actuarial gain (loss) (19) (38) (39) (90) (5) Total amortization of defined benefit items (17) (36) (35) (86) Total reclassifications for the period $ (263) $ (176) $ (417) $ (498) __________ (1) All amounts are shown before tax. (2) Positive amounts indicate gains/benefits reclassified out of AOCI. Negative amounts indicate losses/costs reclassified out of AOCI. (3) See Note 5 for additional information regarding cash flow and fair value hedges. (4) See table below for additional information regarding unrealized investment gains (losses), including the impact on deferred policy acquisition and other costs, future policy benefits and policyholders’ dividends. (5) See Note 16 for information regarding employee benefit plans.
Net Unrealized Investment Gains (Losses) on AFS Fixed Maturity Securities with Allowance for Credit losses and All Other Investments AOCI Rollforward	The amounts for the periods indicated below, split between amounts related to available-for-sale fixed maturity securities on which an allowance for credit losses has been recorded, and all other net unrealized investment gains (losses), are as follows: Net Unrealized Investment Gains (Losses) on Available-for-Sale Fixed Maturity Securities on Which an Allowance for Credit Losses has been Recorded Net Unrealized Reinsurance Recoverables Future Policy Policyholders’ Income Tax Benefit (Expense) Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses) (in millions) Balance, December 31, 2022 $ (45) $ (24,959) $ (703) $ 1,946 $ 3,194 $ 4,372 $ (16,195) Net investment gains (losses) on investments arising during the period 33 5,773 (1,396) 4,410 Reclassification adjustment for (gains) losses included in net income (13) 394 (92) 289 Reclassification due to allowance for credit losses recorded during the period (43) 43 0 0 Impact of net unrealized investment (gains) losses 71 (252) (441) 130 (492) Balance, June 30, 2023 $ (68) $ (18,749) $ (632) $ 1,694 $ 2,753 $ 3,014 $ (11,988) __________ (1) Includes cash flow and fair value hedges. See Note 5 for additional information.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Reconciliation of Earnings Per Share	A reconciliation of the numerators and denominators of the basic and diluted per share computations of Common Stock based on the consolidated earnings of Prudential Financial for the periods indicated is as follows: Three Months Ended June 30, 2023 2022 Income Weighted Per Share Income Weighted Per Share (in millions, except per share amounts) Basic earnings per share Net income (loss) $ 496 $ (1,017) Less: Income (loss) attributable to noncontrolling interests (15) (7) Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards 6 6 Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 505 364.8 $ 1.38 $ (1,016) 374.4 $ (2.71) Effect of dilutive securities and compensation programs Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic $ 6 $ 6 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted 6 6 Stock options 0.2 0.0 Deferred and long-term compensation programs 1.1 0.0 Diluted earnings per share(1) Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 505 366.1 $ 1.38 $ (1,016) 374.4 $ (2.71) __________ (1) For the three months ended June 30, 2022, weighted average shares for basic earnings per share is also used for calculating diluted earnings per share because dilutive shares and dilutive earnings per share are not applicable when a net loss is reported. As a result of the net loss attributable to Prudential Financial available to holders of Common Stock for the three months ended June 30, 2022, all potential stock options and compensation programs were considered antidilutive. Six Months Ended June 30, 2023 2022 Income Weighted Per Share Income Weighted Per Share (in millions, except per share amounts) Basic earnings per share Net income (loss) $ 1,973 $ (1,523) Less: Income (loss) attributable to noncontrolling interests 0 (20) Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards 24 13 Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 1,949 365.7 $ 5.33 $ (1,516) 375.3 $ (4.04) Effect of dilutive securities and compensation programs Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic $ 24 $ 13 Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted 24 13 Stock options 0.2 0.0 Deferred and long-term compensation programs 1.0 0.0 Diluted earnings per share(1) Net income (loss) attributable to Prudential Financial available to holders of Common Stock $ 1,949 366.9 $ 5.31 $ (1,516) 375.3 $ (4.04) __________ (1) For the six months ended June 30, 2022, weighted average shares for basic earnings per share is also used for calculating diluted earnings per share because dilutive shares and dilutive earnings per share are not applicable when a net loss is reported. As a result of the net loss attributable to Prudential Financial available to holders of Common Stock for the six months ended June 30, 2022, all potential stock options and compensation programs were considered antidilutive.
Earnings Per Share Computation	For the periods indicated, the number of stock options and shares related to deferred and long-term compensation programs that were considered antidilutive and were excluded from the computation of diluted earnings per share, weighted for the portion of the period they were outstanding, are as follows: Three Months Ended June 30, 2023 2022 Shares Exercise Price Shares Exercise Price (in millions, except per share amounts, based on weighted average) Antidilutive stock options based on application of the treasury stock method 1.7 $ 99.74 $ 0.7 $ 108.67 Antidilutive stock options due to net loss available to holders of Common Stock 0.0 0.4 Antidilutive shares based on application of the treasury stock method 0.3 0.2 Antidilutive shares due to net loss available to holders of Common Stock 0.0 2.3 Total antidilutive stock options and shares 2.0 3.6 Six Months Ended June 30, 2023 2022 Shares Exercise Price Shares Exercise Price (in millions, except per share amounts, based on weighted average) Antidilutive stock options based on application of the treasury stock method 1.4 $ 101.12 $ 0.3 $ 108.67 Antidilutive stock options due to net loss available to holders of Common Stock 0.0 0.6 Antidilutive shares based on application of the treasury stock method 0.2 0.2 Antidilutive shares due to net loss available to holders of Common Stock 0.0 2.2 Total antidilutive stock options and shares 1.6 3.3

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	The table below reconciles “Adjusted operating income before income taxes” to “Income (loss) before income taxes and equity in earnings of operating joint ventures”: Three Months Ended Six Months Ended 2023 2022 2023 2022 (in millions) Adjusted operating income before income taxes by segment: PGIM $ 179 $ 206 $ 330 $ 394 U.S. Businesses: Institutional Retirement Strategies 428 432 824 947 Individual Retirement Strategies 448 1,749 889 2,180 Retirement Strategies(1) 876 2,181 1,713 3,127 Group Insurance 139 54 164 (61) Individual Life(1) (59) (1,662) (161) (1,680) Total U.S. Businesses 956 573 1,716 1,386 International Businesses 784 692 1,624 1,643 Corporate and Other (527) (321) (1,012) (737) Total segment adjusted operating income before income taxes 1,392 1,150 2,658 2,686 Reconciling items: Realized investment gains (losses), net, and related adjustments (853) (2,216) (535) (3,853) Charges related to realized investment gains (losses), net 88 (222) 139 (306) Change in value of market risk benefits, net of related hedging gains (losses) 16 (710) 91 (1,014) Market experience updates (3) 371 45 492 Divested and Run-off Businesses: Closed Block division (48) 16 (52) 43 Other Divested and Run-off Businesses 64 499 171 228 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (26) 44 (31) 15 Other adjustments(2) (9) 0 (18) (17) Income (loss) before income taxes and equity in earnings of operating joint ventures per Unaudited Interim Consolidated Financial Statements $ 621 $ (1,068) $ 2,468 $ (1,726) ________ (1) The Retirement Strategies and Individual Life segments’ results reflect DAC as if the business is a stand-alone operation. The elimination of intersegment costs capitalized in accordance with this policy is included in consolidating adjustments within Corporate and Other operations. (2) Includes components of consideration for business acquisitions, which are recognized as compensation expense over the requisite service period.
Reconciliation of Certain Financial Information from Segments to Consolidated	The tables below present certain financial information for the Company’s segments and its Corporate and Other operations, including assets by segment and revenues by segment on an adjusted operating income basis, and the reconciliation of the segment totals to amounts reported in the Unaudited Interim Consolidated Financial Statements. June 30, December 31, (in millions) Assets by segment: PGIM $ 45,408 $ 48,364 U.S. Businesses: Institutional Retirement Strategies 108,326 108,565 Individual Retirement Strategies 136,508 130,173 Retirement Strategies 244,834 238,738 Group Insurance 37,812 38,201 Individual Life 109,168 102,445 Total U.S. Businesses 391,814 379,384 International Businesses 186,561 186,791 Corporate and Other 22,866 23,556 Closed Block division 50,655 50,934 Total assets per Unaudited Interim Consolidated Financial Statements $ 697,304 $ 689,029 Three Months Ended June 30, 2023 Revenues, and benefits and expenses on an adjusted operating income basis by segment Total Revenues Net Total Benefits and Expenses Policyholders’ Interest Dividends to Interest Amortization (in millions) PGIM $ 849 $ 67 $ 670 $ 0 $ 0 $ 0 $ 29 $ 0 U.S. Businesses: Institutional Retirement Strategies 2,737 1,072 2,309 2,263 144 0 (4) 6 Individual Retirement Strategies 1,119 344 671 49 111 0 19 83 Retirement Strategies 3,856 1,416 2,980 2,312 255 0 15 89 Group Insurance 1,598 128 1,459 1,140 41 0 2 2 Individual Life 1,564 709 1,623 823 227 9 232 114 Total U.S. Businesses 7,018 2,253 6,062 4,275 523 9 249 205 International Businesses 4,723 1,321 3,939 2,645 226 2 4 159 Corporate and Other(1) 54 173 581 0 31 0 179 (9) Total revenues, and benefits and expenses on an adjusted operating income basis 12,644 3,814 11,252 6,920 780 11 461 355 Reconciling items: Realized investment gains (losses), net, and related adjustments (549) (4) 304 21 283 0 0 0 Charges related to realized investment gains (losses), net 46 0 (42) (63) 6 0 0 7 Change in value of market risk benefits, net of related hedging gains (losses) 16 0 0 0 0 0 0 0 Market experience updates (5) 0 (2) (1) 0 0 0 0 Divested and Run-off Businesses: Closed Block division 955 499 1,003 608 29 292 0 4 Other Divested and Run-off Businesses 401 167 337 176 51 0 (2) 0 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (10) 0 16 0 0 0 0 0 Other adjustments 0 0 9 0 0 0 0 0 Total revenue, and benefits and expenses per Consolidated Statements of Operations $ 13,498 $ 4,476 $ 12,877 $ 7,661 $ 1,149 $ 303 $ 459 $ 366 Three Months Ended June 30, 2022 Revenues, and benefits and expenses on an adjusted operating income basis by segment Total Revenues Net Total Benefits and Expenses Policyholders’ Interest Dividends to Interest Amortization (in millions) PGIM 829 (14) 623 0 0 0 10 1 U.S. Businesses: Institutional Retirement Strategies 2,422 892 1,990 2,310 75 0 (2) 3 Individual Retirement Strategies 2,425 178 676 26 100 0 17 91 Retirement Strategies 4,847 1,070 2,666 2,336 175 0 15 94 Group Insurance 1,496 117 1,442 1,144 39 0 1 1 Individual Life 1,286 614 2,948 864 231 8 198 111 Total U.S. Businesses 7,629 1,801 7,056 4,344 445 8 214 206 International Businesses 4,455 1,286 3,763 2,767 175 13 5 150 Corporate and Other(1) 44 168 365 3 34 0 172 (12) Total revenues, and benefits and expenses on an adjusted operating income basis 12,957 3,241 11,807 7,114 654 21 401 345 Reconciling items: Realized investment gains (losses), net, and related adjustments (2,293) (4) (77) 30 (107) 0 0 0 Charges related to realized investment gains (losses), net 32 0 254 102 12 0 0 8 Change in value of market risk benefits, net of related hedging gains (losses) (710) 0 0 0 0 0 0 0 Market experience updates 72 0 (299) (17) 0 0 0 0 Divested and Run-off Businesses: Closed Block division 529 520 513 637 31 (228) 0 4 Other Divested and Run-off Businesses 740 181 241 92 54 0 0 1 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests 65 0 21 0 0 0 0 0 Other adjustments 0 0 0 0 0 0 0 0 Total revenue, and benefits and expenses per Consolidated Statements of Operations $ 11,392 $ 3,938 $ 12,460 $ 7,958 $ 644 $ (207) $ 401 $ 358 Six Months Ended June 30, 2023 Revenues, and benefits and expenses on an adjusted operating income basis by segment Total Revenues Net Total Benefits and Expenses Policyholders’ Interest Dividends to Interest Amortization (in millions) PGIM $ 1,747 $ 147 $ 1,417 $ 0 $ 0 $ 0 $ 56 $ 1 U.S. Businesses: Institutional Retirement Strategies 7,626 2,076 6,802 6,613 269 0 6 10 Individual Retirement Strategies 2,214 662 1,325 82 226 0 33 176 Retirement Strategies 9,840 2,738 8,127 6,695 495 0 39 186 Group Insurance 3,162 254 2,998 2,358 85 0 6 3 Individual Life 3,091 1,378 3,252 1,647 450 18 455 228 Total U.S. Businesses 16,093 4,370 14,377 10,700 1,030 18 500 417 International Businesses 9,738 2,606 8,114 5,797 441 9 15 310 Corporate and Other(1) 170 362 1,182 (5) 65 0 331 (18) Total revenues, and benefits and expenses on an adjusted operating income basis 27,748 7,485 25,090 16,492 1,536 27 902 710 Reconciling items: Realized investment gains (losses), net, and related adjustments (74) (9) 461 46 415 0 0 0 Charges related to realized investment gains (losses), net 83 0 (56) (120) 18 0 0 14 Change in value of market risk benefits, net of related hedging gains (losses) 91 0 0 0 0 0 0 0 Market experience updates 19 0 (26) 3 0 0 0 0 Divested and Run-off Businesses: Closed Block division 1,926 980 1,978 1,181 59 594 1 7 Other Divested and Run-off Businesses 779 340 608 363 102 1 (3) 0 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests (29) 0 2 0 0 0 0 0 Other adjustments 0 0 18 0 0 0 0 0 Total revenue, and benefits and expenses per Consolidated Statements of Operations $ 30,543 $ 8,796 $ 28,075 $ 17,965 $ 2,130 $ 622 $ 900 $ 731 Six Months Ended June 30, 2022 Revenues, and benefits and expenses on an adjusted operating income basis by segment Total Revenues Net Total Benefits and Expenses Policyholders’ Interest Dividends to Interest Amortization (in millions) PGIM $ 1,755 $ (18) $ 1,361 $ 0 $ 0 $ 0 $ 16 $ 2 U.S. Businesses: Institutional Retirement Strategies 5,169 1,860 4,222 4,488 155 0 2 6 Individual Retirement Strategies 3,522 440 1,342 91 178 0 21 186 Retirement Strategies 8,691 2,300 5,564 4,579 333 0 23 192 Group Insurance 3,035 241 3,096 2,497 75 0 2 (1) Individual Life 2,844 1,258 4,524 1,729 458 17 387 222 Total U.S. Businesses 14,570 3,799 13,184 8,805 866 17 412 413 International Businesses 9,933 2,583 8,290 6,252 365 28 8 305 Corporate and Other(1) 1 290 738 (4) 68 0 329 (22) Total revenues, and benefits and expenses on an adjusted operating income basis 26,259 6,654 23,573 15,053 1,299 45 765 698 Reconciling items: Realized investment gains (losses), net, and related adjustments (3,941) (14) (88) 59 (147) 0 0 0 Charges related to realized investment gains (losses), net 10 0 316 122 31 0 0 22 Change in value of market risk benefits, net of related hedging gains (losses) (1,014) 0 0 0 0 0 0 0 Market experience updates 113 0 (379) (9) 0 0 0 1 Divested and Run-off Businesses: Closed Block division 1,494 1,074 1,451 1,261 61 (17) 0 7 Other Divested and Run-off Businesses 278 582 50 247 (540) 0 1 1 Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests 48 0 33 0 0 0 0 0 Other adjustments 0 0 17 0 0 0 0 0 Total revenue, and benefits and expenses per Consolidated Statements of Operations $ 23,247 $ 8,296 $ 24,973 $ 16,733 $ 704 $ 28 $ 766 $ 729 ________ (1) Corporate and Other operations, through AIQ and Prudential Advisors, generates fee revenues from the sale and distribution of certain insurance, annuity and investment products offered by Prudential and third-parties.
Schedule of Intersegment Revenues	The PGIM segment revenues include intersegment revenues, primarily consisting of asset-based management and administration fees, as follows: Three Months Ended Six Months Ended 2023 2022 2023 2022 (in millions) PGIM segment intersegment revenues $ 198 $ 201 $ 403 $ 433
Schedule of Asset Management and Service Fees	The table below presents asset management and service fees, predominantly related to investment management activities, for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in millions) Asset-based management fees $ 789 $ 841 $ 1,577 $ 1,822 Performance-based incentive fees 4 6 7 10 Other fees 125 140 251 288 Total asset management and service fees $ 918 $ 987 $ 1,835 $ 2,120

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Mortgage Loans	The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: June 30, 2023 December 31, 2022 Amount % of Amount % of Commercial mortgage and agricultural property loans by property type: Office $ 8,681 15.1 % $ 9,096 16.2 % Retail 6,018 10.5 6,103 10.8 Apartments/Multi-Family 15,955 27.8 15,381 27.3 Industrial 13,812 24.1 13,079 23.2 Hospitality 2,161 3.8 2,027 3.6 Other 3,860 6.7 3,791 6.7 Total commercial mortgage loans 50,487 88.0 49,477 87.8 Agricultural property loans 6,884 12.0 6,857 12.2 Total commercial mortgage and agricultural property loans 57,371 100.0 % 56,334 100.0 % Allowance for credit losses (240) (201) Total net commercial mortgage and agricultural property loans 57,131 56,133 Other loans: Uncollateralized loans 421 463 Residential property loans 34 43 Other collateralized loans 104 108 Total other loans 559 614 Allowance for credit losses (1) (2) Total net other loans 558 612 Total net commercial mortgage and other loans(1) $ 57,689 $ 56,745 __________ (1) Includes loans which are carried at fair value under the fair value option and are collateralized primarily by apartment complexes. As of June 30, 2023 and December 31, 2022, the net carrying value of these loans were $323 million and $137 million, respectively. Commercial Mortgage Loan Commitments June 30, December 31, (in millions) Total outstanding mortgage loan commitments $ 1,855 $ 1,995 Portion of commitment where prearrangement to sell to investor exists $ 397 $ 582 Indemnification of Serviced Mortgage Loans June 30, December 31, (in millions) Maximum exposure under indemnification agreements for mortgage loans serviced by the Company $ 2,992 $ 2,972 First-loss exposure portion of above $ 867 $ 862 Accrued liability associated with guarantees(1) $ 30 $ 33 __________ (1) The accrued liability associated with guarantees includes an allowance for credit losses of $15 million and $17 million as of June 30, 2023 and December 31, 2022, respectively. The change in allowance is a reduction of $1 million for both three months ended June 30, 2023, and 2022, respectively, and a reduction for both six months ended June 30, 2023, and 2022 of $2 million and $4 million , respectively.
Commitments to Purchase Investments (excluding Commercial Mortgage Loans)	Commitments to Purchase Investments (excluding Commercial Mortgage Loans) June 30, December 31, (in millions) Expected to be funded from the general account and other operations outside the separate accounts $ 12,117 $ 8,376 Expected to be funded from separate accounts $ 128 $ 183
Indemnification of Securities Lending and Securities Repurchase Transactions	Indemnification of Securities Lending and Securities Repurchase Transactions June 30, December 31, (in millions) Indemnification provided to certain clients for securities lending and securities repurchase transactions(1) $ 5,847 $ 5,834 Fair value of related collateral associated with above indemnifications(1) $ 5,974 $ 5,985 Accrued liability associated with guarantee $ 0 $ 0 __________ (1) There were no securities repurchase transactions as of June 30, 2023 and December 31, 2022.
Guarantees	Guarantees of Asset Values June 30, December 31, (in millions) Guaranteed value of third-parties’ assets $ 82,181 $ 84,338 Fair value of collateral supporting these assets $ 76,351 $ 77,693 Asset (liability) associated with guarantee, carried at fair value $ 0 $ 1 Other Guarantees June 30, December 31, (in millions) Other guarantees where amount can be determined $ 36 $ 57 Accrued liability for other guarantees and indemnifications $ 32 $ 33

Business and Basic Presentation

Business and Basic Presentation (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022		Jun. 30, 2023	Jun. 30, 2022		Dec. 31, 2022		Sep. 30, 2022	Apr. 01, 2022	Jan. 01, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Other income	$ 1,044		$ 1,361	[1]	$ 2,063	$ 51	[2]
General and administrative expenses	3,143		2,930	[1]	6,347	6,147	[1]
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	621		(1,068)		2,468	(1,726)
Retained earnings	$ 32,756				$ 32,756			$ 31,714	[3]
Retained Earnings
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Retained earnings												$ 28,137
Effect of Change
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Other income			781			842
General and administrative expenses			49			55
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES			(557)			(1,100)
Retained earnings								$ (1,678)
Effect of Change | Accounting Standards Update 2018-12
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Retained earnings												$ 402
Held-for-sale | PALAC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash considerations for sale of a business										$ 1,448
Held-for-sale | PALAC | Individual Variable
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net amount at risk by product and guarantee, net amount at risk											$ 30,000
Held-for-sale | Retirement Full Service
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net pre-tax gain on sale		$ 650
Other income		850
Realized investment gains (losses), net		(150)
General and administrative expenses		50
Deferred reinsurance gain		$ 400
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES			$ 0			$ (218)
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[3]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Business and Basic Presentati_2

Business and Basic Presentation (Summary Of Adoption Of New Guidance On Unaudited Interim Consolidated Statement for Financial Position) (Details) - USD ($) $ in Millions		Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022		Jun. 30, 2022		Mar. 31, 2022	[4]	Dec. 31, 2021	[4]	Jan. 01, 2021	Dec. 31, 2020
Assets:
Deferred policy acquisition costs		$ 20,320		$ 20,546	[1]	$ 20,092						$ 20,763
Value of business acquired		542		621	[1]							1,163
Income tax assets		803		0
Market risk benefit assets		1,951		800	[1]	869
Other assets	[2]	29,691		31,679	[1]
Total Assets		697,304		689,029
Liabilities:
Future policy benefits		268,649		261,773	[1]	266,090
Policyholders' account balances		138,743		135,624	[1]
Market risk benefit liabilities		5,462		5,864	[1]	7,293
Income taxes		0		277	[1]
Other liabilities	[2]	21,721		21,824	[1]
Total liabilities		667,849		657,481
EQUITY
Accumulated other comprehensive income (loss)		(6,649)		(3,806)	[1]
Retained earnings		32,756		31,714	[1]
Total Prudential Financial, Inc. equity		28,434		30,593
Noncontrolling interests		1,021		955
Total equity		29,455	$ 32,447	31,548	[3]	$ 32,017	[3]	$ 29,989		$ 30,322
TOTAL LIABILITIES AND EQUITY		$ 697,304		689,029
As Previously Reported
Assets:
Deferred policy acquisition costs				19,537									$ 19,027
Value of business acquired				595									$ 1,103
Income tax assets				4,214
Market risk benefit assets				0
Other assets				30,188
Total Assets				689,917
Liabilities:
Future policy benefits				284,452
Policyholders' account balances				135,602
Market risk benefit liabilities				0
Income taxes				0
Other liabilities				20,536
Total liabilities				672,709
EQUITY
Accumulated other comprehensive income (loss)				(19,827)
Retained earnings				33,392
Total Prudential Financial, Inc. equity				16,250
Noncontrolling interests				958
Total equity				17,208
TOTAL LIABILITIES AND EQUITY				689,917
Effect of Change
Assets:
Deferred policy acquisition costs				1,009								1,736
Value of business acquired				26								$ 60
Income tax assets				(4,214)
Market risk benefit assets				800
Other assets				1,491
Total Assets				(888)
Liabilities:
Future policy benefits				(22,679)
Policyholders' account balances				22
Market risk benefit liabilities				5,864
Income taxes				277
Other liabilities				1,288
Total liabilities				(15,228)
EQUITY
Accumulated other comprehensive income (loss)				16,021
Retained earnings				(1,678)
Total Prudential Financial, Inc. equity				14,343
Noncontrolling interests				(3)
Total equity				14,340
TOTAL LIABILITIES AND EQUITY				$ (888)
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]See Note 4 for details of balances associated with variable interest entities.[3]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[4]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Business and Basic Presentati_3

Business and Basic Presentation (Summary Of Adoption Of New Guidance On Unaudited Interim Consolidated Statement of Operations) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended					6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022		Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
REVENUES
Premiums	$ 6,909		$ 6,477	[1]		$ 16,272	$ 14,166	[2]
Policy charges and fee income	1,073		975	[1]		2,207	2,274	[2]
Other income (loss)	1,044		1,361	[1]		2,063	51	[2]
Realized investment gains (losses), net	(938)		(1,636)	[1]		(721)	(2,680)	[3]
Change in value of market risk benefits, net of related hedging gain	16		(710)	[1]		91	(980)	[3]
Total revenues	13,498		11,392			30,543	23,247
BENEFITS AND EXPENSES
Policyholders’ benefits	7,661		7,958	[1]		17,965	16,733	[2]
Change in estimates of liability for future policy benefits	255		777	[1]		280	632	[2]
Interest credited to policyholders’ account balances	1,149		644	[1]		2,130	704	[2]
Amortization of deferred policy acquisition costs	366		358	[1]		731	729	[2]
General and administrative expenses	3,143		2,930	[1]		6,347	6,147	[1]
Total benefits and expenses	12,877		12,460			28,075	24,973
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	621		(1,068)			2,468	(1,726)
Total income tax expense (benefit)	123		(119)	[1]		505	(263)	[2]
INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES			(949)				(1,463)
Equity in earnings of operating joint ventures, net of taxes	(2)		(68)			10	(60)
NET INCOME (LOSS)	496	$ 1,477	(1,017)		$ (506)	1,973	(1,523)	[3]
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC.	$ 511		$ (1,010)			$ 1,973	$ (1,503)
Basic earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)	$ 1.38		$ (2.71)			$ 5.33	$ (4.04)
Diluted earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)	$ 1.38		$ (2.71)			$ 5.31	$ (4.04)
As Previously Reported
REVENUES
Premiums			$ 7,112				$ 15,064
Policy charges and fee income			1,551				3,010
Other income (loss)			580				(791)
Realized investment gains (losses), net			(1,147)				(1,463)
Change in value of market risk benefits, net of related hedging gain			0				0
Total revenues			13,021				26,236
BENEFITS AND EXPENSES
Policyholders’ benefits			9,612				18,480
Change in estimates of liability for future policy benefits			0				0
Interest credited to policyholders’ account balances			665				834
Amortization of deferred policy acquisition costs			581				1,428
General and administrative expenses			2,881				6,092
Total benefits and expenses			13,532				26,862
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES			(511)				(626)
Total income tax expense (benefit)			11				(58)
INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES			(522)				(568)
Equity in earnings of operating joint ventures, net of taxes			(50)				(48)
NET INCOME (LOSS)			(572)				(616)
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC.			$ (565)				$ (596)
Basic earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)			$ (1.53)				$ (1.62)
Diluted earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)			$ (1.53)				$ (1.62)
Effect of Change
REVENUES
Premiums			$ (635)				$ (898)
Policy charges and fee income			(576)				(736)
Other income (loss)			781				842
Realized investment gains (losses), net			(489)				(1,217)
Change in value of market risk benefits, net of related hedging gain			(710)				(980)
Total revenues			(1,629)				(2,989)
BENEFITS AND EXPENSES
Policyholders’ benefits			(1,654)				(1,747)
Change in estimates of liability for future policy benefits			777				632
Interest credited to policyholders’ account balances			(21)				(130)
Amortization of deferred policy acquisition costs			(223)				(699)
General and administrative expenses			49				55
Total benefits and expenses			(1,072)				(1,889)
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES			(557)				(1,100)
Total income tax expense (benefit)			(130)				(205)
INCOME (LOSS) BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES			(427)				(895)
Equity in earnings of operating joint ventures, net of taxes			(18)				(12)
NET INCOME (LOSS)			(445)				(907)
NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC.			$ (445)				$ (907)
Basic earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)			$ (1.18)				$ (2.42)
Diluted earnings per share-Common Stock:
Net income (loss) attributable to Prudential Financial, Inc. (in dollars per share)			$ (1.18)				$ (2.42)
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[3]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Business and Basic Presentati_4

Business and Basic Presentation (Summary Of Adoption Of New Guidance On Unaudited Consolidated Statements of Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended					6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022		Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
NET INCOME (LOSS)	$ 496	$ 1,477	$ (1,017)		$ (506)	$ 1,973	$ (1,523)	[1]
Foreign currency translation adjustments for the period	(371)		(912)	[2]		(358)	(1,301)	[2]
Net unrealized investment gains (losses)	(2,814)		(19,154)	[2]		5,565	(41,987)	[2]
Interest rate remeasurement of future policy benefits	(196)		25,029	[2]		(8,901)	48,618	[2]
Gain (loss) from changes in non-performance risk on market risk benefits	(263)		200	[2]		(77)	1,307	[2]
Total	(3,618)		5,551			(3,726)	7,090
Less: Income tax expense (benefit) related to other comprehensive income (loss)	(793)		1,701	[2]		(883)	2,301	[2]
Other comprehensive income (loss), net of tax	(2,825)	(18)	3,850		939	(2,843)	4,789
Comprehensive income (loss)	(2,329)	$ 1,459	2,833		$ 433	(870)	3,266
Comprehensive income (loss) attributable to Prudential Financial, Inc.	$ (2,313)		2,840			$ (870)	3,287
As Previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
NET INCOME (LOSS)			(572)				(616)
Foreign currency translation adjustments for the period			(984)				(1,336)
Net unrealized investment gains (losses)			(17,740)				(39,510)
Interest rate remeasurement of future policy benefits			0				0
Gain (loss) from changes in non-performance risk on market risk benefits			0				0
Total			(18,336)				(40,393)
Less: Income tax expense (benefit) related to other comprehensive income (loss)			(3,953)				(8,890)
Other comprehensive income (loss), net of tax			(14,383)				(31,503)
Comprehensive income (loss)			(14,955)				(32,119)
Comprehensive income (loss) attributable to Prudential Financial, Inc.			(14,948)				(32,098)
Effect of Change
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
NET INCOME (LOSS)			(445)				(907)
Foreign currency translation adjustments for the period			72				35
Net unrealized investment gains (losses)			(1,414)				(2,477)
Interest rate remeasurement of future policy benefits			25,029				48,618
Gain (loss) from changes in non-performance risk on market risk benefits			200				1,307
Total			23,887				47,483
Less: Income tax expense (benefit) related to other comprehensive income (loss)			5,654				11,191
Other comprehensive income (loss), net of tax			18,233				36,292
Comprehensive income (loss)			17,788				35,385
Comprehensive income (loss) attributable to Prudential Financial, Inc.			$ 17,788				$ 35,385
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Business and Basic Presentati_5

Business and Basic Presentation (Summary Of Adoption Of New Guidance On Unaudited Interim Consolidated Statement of Cash Flows) (Details) - USD ($) $ in Millions	3 Months Ended					6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022		Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME (LOSS)	$ 496	$ 1,477	$ (1,017)		$ (506)	$ 1,973	$ (1,523)	[1]
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Realized investment (gains) losses, net	938		1,636	[2]		721	2,680	[1]
Change in value of market risk benefits, net of related hedging (gains) losses	$ (16)		710	[2]		(91)	980	[1]
Policy charges and fee income						(1,073)	(1,104)	[1]
Interest credited to policyholders’ account balances						2,130	704	[1]
Depreciation and amortization						46	182	[1]
Change in:
Deferred policy acquisition costs						(385)	(357)	[1]
Future policy benefits and other insurance liabilities						2,738	4,092	[1]
Income taxes						(196)	(1,576)	[1]
Derivatives, net						(333)	(1,969)	[1]
Other, net						(2,541)	(1,687)	[1]
Cash flows from (used in) operating activities						$ 2,567	1,502
As Previously Reported
CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME (LOSS)			(572)				(616)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Realized investment (gains) losses, net			1,147				1,463
Change in value of market risk benefits, net of related hedging (gains) losses			0				0
Policy charges and fee income							(1,334)
Interest credited to policyholders’ account balances							834
Depreciation and amortization							188
Change in:
Deferred policy acquisition costs							324
Future policy benefits and other insurance liabilities							4,094
Income taxes							(1,371)
Derivatives, net							(2,301)
Other, net							(859)
Cash flows from (used in) operating activities							1,502
Effect of Change
CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME (LOSS)			(445)				(907)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Realized investment (gains) losses, net			489				1,217
Change in value of market risk benefits, net of related hedging (gains) losses			$ 710				980
Policy charges and fee income							230
Interest credited to policyholders’ account balances							(130)
Depreciation and amortization							(6)
Change in:
Deferred policy acquisition costs							(681)
Future policy benefits and other insurance liabilities							(2)
Income taxes							(205)
Derivatives, net							332
Other, net							(828)
Cash flows from (used in) operating activities							$ 0
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Business and Basis of Present_3

Business and Basis of Presentation (Transition Adjustment Roll Forward Of Retained Earnings) (Details) - Retained Earnings $ in Millions	Jan. 01, 2021 USD ($)
Retained Earnings Transition Adjustment [Roll Forward]
Balance after-tax, after transition	$ 28,137
As Previously Reported
Retained Earnings Transition Adjustment [Roll Forward]
Balance after-tax, prior to transition	30,749
Effect of Change
Retained Earnings Transition Adjustment [Roll Forward]
Reclassification of market risk benefits non-performance risk to AOCI	(1,588)
Updates to certain universal life contract liabilities	(1,025)
Change in non-participating traditional and limited-pay contract liabilities	(543)
Other	(271)
Total pre-tax adjustments	(3,427)
Tax impacts	$ 815

Business and Basis of Present_4

Business and Basis of Presentation (Transition Adjustment Roll Forward Of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Millions			6 Months Ended
		Jan. 01, 2021	Jun. 30, 2023	Jun. 30, 2022
Accumulated Other Comprehensive Income Transition Adjustment [Roll Forward]
Beginning balance	[1]		$ (3,806)
Ending balance			(6,649)
Change in AOCI
Accumulated Other Comprehensive Income Transition Adjustment [Roll Forward]
Beginning balance			(3,806)	$ (9,493)
Ending balance		$ (11,658)	(6,649)	$ (4,703)
As Previously Reported
Accumulated Other Comprehensive Income Transition Adjustment [Roll Forward]
Beginning balance			(19,827)
As Previously Reported | Change in AOCI
Accumulated Other Comprehensive Income Transition Adjustment [Roll Forward]
Beginning balance		30,738
Effect of Change
Accumulated Other Comprehensive Income Transition Adjustment [Roll Forward]
Beginning balance			$ 16,021
Effect of Change | Change in AOCI
Accumulated Other Comprehensive Income Transition Adjustment [Roll Forward]
Unwinding amounts related to unrealized investment gains and losses		5,534
Reclassification of MRB NPR to AOCI		1,588
Interest rate remeasurement of future policy benefits		(62,711)
Change in operating joint ventures		(12)
Total pre-tax adjustments		(55,601)
Tax impacts		$ 13,205
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Business and Basis of Present_5

Business and Basis of Presentation (Schedule of Deferred Policy Acquisition Costs) (Details) - USD ($) $ in Millions	Jun. 30, 2023		Dec. 31, 2022		Jun. 30, 2022	Dec. 31, 2021	Jan. 01, 2021
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP	$ 20,546	[1]	$ 20,092			$ 20,763
Balance, EOP	20,320		20,546	[1]	$ 20,092		$ 20,763
Other Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP			118			626
Balance, EOP	197				118		626
As Previously Reported
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP	19,537						19,027
Balance, EOP			19,537
As Previously Reported | Other Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP							520
Effect of Change
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP	1,009					1,736
Balance, EOP			1,009				1,736
Effect of Change | Other Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP						106
Balance, EOP							106
Individual Variable | Retirement Strategies
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP	4,171		4,242		4,872	4,916
Balance, EOP	3,716		4,171		4,242	4,872	4,916
Individual Variable | As Previously Reported | Retirement Strategies
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP							4,643
Individual Variable | Effect of Change | Retirement Strategies
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP						273
Balance, EOP							273
Term Life | Individual Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP	2,288		2,333		2,372	2,417
Balance, EOP	2,253		2,288		2,333	2,372	2,417
Term Life | As Previously Reported | Individual Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP							2,417
Term Life | Effect of Change | Individual Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP						0
Balance, EOP							0
Variable/ Universal Life | Individual Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP	5,000		4,835		4,679	4,229
Balance, EOP	5,170		5,000		4,835	4,679	4,229
Variable/ Universal Life | As Previously Reported | Individual Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP							3,779
Variable/ Universal Life | Effect of Change | Individual Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP						450
Balance, EOP							450
Life Planner | International Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP	4,710		4,525		4,685	4,615
Balance, EOP	4,732		4,710		4,525	4,685	4,615
Life Planner | As Previously Reported | International Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP							4,278
Life Planner | Effect of Change | International Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP						337
Balance, EOP							337
Gibraltar Life and Other | International Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP	4,231		4,039		4,135	3,960
Balance, EOP	$ 4,252		$ 4,231		$ 4,039	4,135	3,960
Gibraltar Life and Other | As Previously Reported | International Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP							3,390
Gibraltar Life and Other | Effect of Change | International Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP						$ 570
Balance, EOP							$ 570
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Business and Basis of Present_6

Business and Basis of Presentation (Deferred Sales Inducements) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	Jan. 01, 2021
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP		$ 501
Balance, EOP	$ 462		$ 907
Other Businesses
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP		$ 36
Balance, EOP	$ 34		41
As Previously Reported
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP			820
As Previously Reported | Other Businesses
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP			39
Effect of Change
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP
Balance, EOP			87
Effect of Change | Other Businesses
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP
Balance, EOP			2
Individual Variable | Retirement Strategies
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP
Balance, EOP			866
Individual Variable | As Previously Reported | Retirement Strategies
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP			781
Individual Variable | Effect of Change | Retirement Strategies
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP
Balance, EOP			$ 85

Business and Basis of Present_7

Business and Basis of Presentation (Value of Business Acquired) (Details) - USD ($) $ in Millions	Jun. 30, 2023		Dec. 31, 2022		Jun. 30, 2022	Dec. 31, 2021	Jan. 01, 2021
Value of Business Acquired [Line Items]
Balance, BOP	$ 621	[1]				$ 1,163
Balance, EOP	542		$ 621	[1]			$ 1,163
Other Businesses
Value of Business Acquired [Line Items]
Balance, BOP			(18)			252
Balance, EOP	19				$ (18)		252
As Previously Reported
Value of Business Acquired [Line Items]
Balance, BOP	595						1,103
Balance, EOP			595
As Previously Reported | Other Businesses
Value of Business Acquired [Line Items]
Balance, BOP							251
Effect of Change
Value of Business Acquired [Line Items]
Balance, BOP	26					60
Balance, EOP			26				60
Effect of Change | Other Businesses
Value of Business Acquired [Line Items]
Balance, BOP						1
Balance, EOP							1
Gibraltar Life and Other
Value of Business Acquired [Line Items]
Balance, BOP	597		608		746
Balance, EOP	$ 523		$ 597		$ 608	746
Gibraltar Life and Other | International Businesses
Value of Business Acquired [Line Items]
Balance, BOP						911
Balance, EOP							911
Gibraltar Life and Other | As Previously Reported | International Businesses
Value of Business Acquired [Line Items]
Balance, BOP							852
Gibraltar Life and Other | Effect of Change | International Businesses
Value of Business Acquired [Line Items]
Balance, BOP						$ 59
Balance, EOP							$ 59
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Business and Basis of Present_8

Business and Basis of Presentation (Liability for Future Policy Benefit-Benefits Reserve) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance	$ 314,408		$ 316,396
Balance after transition, net of reinsurance recoverable	187,881		185,928
Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance					$ 204,683
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance					267,553
Less: Reinsurance recoverable					1,279
Balance after transition, net of reinsurance recoverable					266,274
As Previously Reported | Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance						$ 209,018
Changes in cash flow assumptions and other activity | Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(4,335)
Cumulative changes in discount rate assumptions and other activity | Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					62,870
Retirement Strategies | Institutional
Liability for Future Policy Benefit, Activity [Line Items]
Balance	143,485	$ 137,924	121,178	$ 128,887
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance	120,603	117,754	110,540	142,593
Less: Reinsurance recoverable	0		0
Balance after transition, net of reinsurance recoverable	66,672		60,416
Retirement Strategies | Institutional | Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance					61,578
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance					75,126
Less: Reinsurance recoverable					0
Balance after transition, net of reinsurance recoverable					75,126
Retirement Strategies | Institutional | As Previously Reported | Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance						65,383
Retirement Strategies | Institutional | Changes in cash flow assumptions and other activity | Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(3,805)
Retirement Strategies | Institutional | Cumulative changes in discount rate assumptions and other activity | Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					13,548
Individual Life | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Balance	20,221	20,300	20,562	18,892
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance	19,398	19,288	20,723	22,768
Less: Reinsurance recoverable	707		782
Balance after transition, net of reinsurance recoverable	7,518		7,715
Individual Life | Term Life | Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance					7,887
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance					10,549
Less: Reinsurance recoverable					799
Balance after transition, net of reinsurance recoverable					9,750
Individual Life | Term Life | As Previously Reported | Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance						7,887
Individual Life | Term Life | Changes in cash flow assumptions and other activity | Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					0
Individual Life | Term Life | Cumulative changes in discount rate assumptions and other activity | Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					2,662
International Businesses | Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Balance	79,859	82,358	81,637	88,008
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance	80,574	78,639	84,345	109,562
Less: Reinsurance recoverable	104		128
Balance after transition, net of reinsurance recoverable	50,759		51,601
International Businesses | Life Planner | Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance					51,617
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance					74,207
Less: Reinsurance recoverable					160
Balance after transition, net of reinsurance recoverable					74,047
International Businesses | Life Planner | As Previously Reported | Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance						51,607
International Businesses | Life Planner | Changes in cash flow assumptions and other activity | Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					10
International Businesses | Life Planner | Cumulative changes in discount rate assumptions and other activity | Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					22,590
International Businesses | Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Balance	86,709	91,597	92,116	101,370
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance	80,561	80,331	87,240	114,846
Less: Reinsurance recoverable	211		219
Balance after transition, net of reinsurance recoverable	53,070		55,964
International Businesses | Gibraltar Life and Other | Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance					69,019
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance					82,803
Less: Reinsurance recoverable					307
Balance after transition, net of reinsurance recoverable					82,496
International Businesses | Gibraltar Life and Other | As Previously Reported | Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance						69,542
International Businesses | Gibraltar Life and Other | Changes in cash flow assumptions and other activity | Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(523)
International Businesses | Gibraltar Life and Other | Cumulative changes in discount rate assumptions and other activity | Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					13,784
Corporate and Other | Long- Term Care
Liability for Future Policy Benefit, Activity [Line Items]
Balance	12,564	11,901	11,683	11,328
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance	11,565	$ 10,685	11,505	$ 15,810
Less: Reinsurance recoverable	0		0
Balance after transition, net of reinsurance recoverable	8,309		8,380
Corporate and Other | Long- Term Care | Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance					7,957
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance					12,862
Less: Reinsurance recoverable					0
Balance after transition, net of reinsurance recoverable					12,862
Corporate and Other | Long- Term Care | As Previously Reported | Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance						7,975
Corporate and Other | Long- Term Care | Changes in cash flow assumptions and other activity | Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(18)
Corporate and Other | Long- Term Care | Cumulative changes in discount rate assumptions and other activity | Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					4,905
Other Businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance	1,707		2,043
Less: Reinsurance recoverable	71		81
Balance after transition, net of reinsurance recoverable	$ 1,553		$ 1,852
Other Businesses | Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance					6,625
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance					12,006
Less: Reinsurance recoverable					13
Balance after transition, net of reinsurance recoverable					11,993
Other Businesses | As Previously Reported | Benefit reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance						$ 6,624
Other Businesses | Changes in cash flow assumptions and other activity | Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					1
Other Businesses | Cumulative changes in discount rate assumptions and other activity | Benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					$ 5,381

Business and Basis of Present_9

Business and Basis of Presentation (Liability for Future Policy Benefit-Deferred Profit Liability) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 314,408		$ 316,396
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance after transition, net of reinsurance recoverable	187,881		185,928
Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance	1,707		2,043
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable	71		81
Balance after transition, net of reinsurance recoverable	1,553		1,852
Institutional | Retirement Strategies
Liability for Future Policy Benefit, Activity [Line Items]
Balance	120,603	$ 117,754	110,540	$ 142,593
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable	0		0
Balance after transition, net of reinsurance recoverable	66,672		60,416
Life Planner | International Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance	80,574	78,639	84,345	109,562
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable	104		128
Balance after transition, net of reinsurance recoverable	50,759		51,601
Gibraltar Life and Other | International Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance	80,561	$ 80,331	87,240	$ 114,846
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable	211		219
Balance after transition, net of reinsurance recoverable	$ 53,070		$ 55,964
Deferred Profit Liaibility
Liability for Future Policy Benefit, Activity [Line Items]
Balance					$ 12,163
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable					22
Balance after transition, net of reinsurance recoverable					12,141
Deferred Profit Liaibility | Retirement Strategies
Liability for Future Policy Benefit, Activity [Line Items]
Balance					5,116
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable					0
Balance after transition, net of reinsurance recoverable					5,116
Deferred Profit Liaibility | Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance					497
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable					0
Balance after transition, net of reinsurance recoverable					497
Deferred Profit Liaibility | As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance						$ 7,374
Deferred Profit Liaibility | As Previously Reported | Retirement Strategies
Liability for Future Policy Benefit, Activity [Line Items]
Balance						1,315
Deferred Profit Liaibility | As Previously Reported | Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance						349
Deferred Profit Liaibility | Changes in benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in benefit reserves					4,789
Deferred Profit Liaibility | Changes in benefit reserves | Retirement Strategies
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in benefit reserves					3,801
Deferred Profit Liaibility | Changes in benefit reserves | Other Businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in benefit reserves					148
Deferred Profit Liaibility | Life Planner | International Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance					2,074
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable					7
Balance after transition, net of reinsurance recoverable					2,067
Deferred Profit Liaibility | Life Planner | As Previously Reported | International Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance						1,964
Deferred Profit Liaibility | Life Planner | Changes in benefit reserves | International Businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in benefit reserves					110
Deferred Profit Liaibility | Gibraltar Life and Other | International Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance					4,476
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable					15
Balance after transition, net of reinsurance recoverable					4,461
Deferred Profit Liaibility | Gibraltar Life and Other | As Previously Reported | International Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance						$ 3,746
Deferred Profit Liaibility | Gibraltar Life and Other | Changes in benefit reserves | International Businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in benefit reserves					$ 730

Business and Basis of Presen_10

Business and Basis of Presentation (Additional Insurance Reserves) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 314,408	$ 316,396
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance after transition, net of reinsurance recoverable	187,881	185,928
Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance	1,707	2,043
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable	71	81
Balance after transition, net of reinsurance recoverable	$ 1,553	$ 1,852
Additional insurance reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance			$ 11,289
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			10,103
Balance prior to transition, excluding amounts related to unrealized investment gains and losses			10,103
Amounts related to unrealized investment gains and losses after transition			1,186
Less: Reinsurance recoverable			4,387
Balance after transition, net of reinsurance recoverable			6,902
Additional insurance reserves | Unwinding amounts related to unrealized investment gains and losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(1,615)
Additional insurance reserves | Reclassification of future policy benefits AIR to MRB
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(916)
Additional insurance reserves | Reclassification of policyholders’ account balances AIR to MRB
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(48)
Additional insurance reserves | Updates to certain universal life contract liabilities and other activity
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			1,779
Additional insurance reserves | Change in discount rate for annuitization benefits
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			116
Additional insurance reserves | As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				$ 10,787
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			9,172
Balance prior to transition, excluding amounts related to unrealized investment gains and losses			9,172
Additional insurance reserves | Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance			360
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			360
Balance prior to transition, excluding amounts related to unrealized investment gains and losses			360
Amounts related to unrealized investment gains and losses after transition			0
Less: Reinsurance recoverable			0
Balance after transition, net of reinsurance recoverable			360
Additional insurance reserves | Other Businesses | Unwinding amounts related to unrealized investment gains and losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(106)
Additional insurance reserves | Other Businesses | Reclassification of future policy benefits AIR to MRB
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(92)
Additional insurance reserves | Other Businesses | Reclassification of policyholders’ account balances AIR to MRB
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(48)
Additional insurance reserves | Other Businesses | Updates to certain universal life contract liabilities and other activity
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			7
Additional insurance reserves | Other Businesses | Change in discount rate for annuitization benefits
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			116
Additional insurance reserves | Other Businesses | As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				483
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			377
Balance prior to transition, excluding amounts related to unrealized investment gains and losses			377
Additional insurance reserves | Individual Variable | Retirement Strategies
Liability for Future Policy Benefit, Activity [Line Items]
Balance			0
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			0
Balance prior to transition, excluding amounts related to unrealized investment gains and losses			0
Amounts related to unrealized investment gains and losses after transition			0
Less: Reinsurance recoverable			0
Balance after transition, net of reinsurance recoverable			0
Additional insurance reserves | Individual Variable | Retirement Strategies | Unwinding amounts related to unrealized investment gains and losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(65)
Additional insurance reserves | Individual Variable | Retirement Strategies | Reclassification of future policy benefits AIR to MRB
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(824)
Additional insurance reserves | Individual Variable | Retirement Strategies | Reclassification of policyholders’ account balances AIR to MRB
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			0
Additional insurance reserves | Individual Variable | Retirement Strategies | Updates to certain universal life contract liabilities and other activity
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			0
Additional insurance reserves | Individual Variable | Retirement Strategies | Change in discount rate for annuitization benefits
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			0
Additional insurance reserves | Individual Variable | Retirement Strategies | As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				889
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			824
Balance prior to transition, excluding amounts related to unrealized investment gains and losses			824
Additional insurance reserves | Variable/ Universal Life | Individual Life
Liability for Future Policy Benefit, Activity [Line Items]
Balance			10,929
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			9,743
Balance prior to transition, excluding amounts related to unrealized investment gains and losses			9,743
Amounts related to unrealized investment gains and losses after transition			1,186
Less: Reinsurance recoverable			4,387
Balance after transition, net of reinsurance recoverable			6,542
Additional insurance reserves | Variable/ Universal Life | Individual Life | Unwinding amounts related to unrealized investment gains and losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(1,444)
Additional insurance reserves | Variable/ Universal Life | Individual Life | Reclassification of future policy benefits AIR to MRB
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			0
Additional insurance reserves | Variable/ Universal Life | Individual Life | Reclassification of policyholders’ account balances AIR to MRB
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			0
Additional insurance reserves | Variable/ Universal Life | Individual Life | Updates to certain universal life contract liabilities and other activity
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			1,772
Additional insurance reserves | Variable/ Universal Life | Individual Life | Change in discount rate for annuitization benefits
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			0
Additional insurance reserves | Variable/ Universal Life | Individual Life | As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				$ 9,415
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			7,971
Balance prior to transition, excluding amounts related to unrealized investment gains and losses			$ 7,971

Business and Basis of Presen_11

Business and Basis of Presentation (Universal Life Loss Recognition Reserves/Profit Followed by Losses Liability) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 314,408	$ 316,396
Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 1,707	$ 2,043
Universal Life Loss
Liability for Future Policy Benefit, Activity [Line Items]
Balance			$ 1,024
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			6
Amounts related to unrealized investment gains and losses after transition			1,018
Universal Life Loss | Individual Life
Liability for Future Policy Benefit, Activity [Line Items]
Balance			1,018
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			0
Amounts related to unrealized investment gains and losses after transition			1,018
Universal Life Loss | Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance			6
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			6
Amounts related to unrealized investment gains and losses after transition			0
Universal Life Loss | As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				$ 1,829
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			680
Universal Life Loss | As Previously Reported | Individual Life
Liability for Future Policy Benefit, Activity [Line Items]
Balance				1,823
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			674
Universal Life Loss | As Previously Reported | Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance				$ 6
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance			6
Universal Life Loss | Unwinding amounts related to unrealized investment gains and losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(1,149)
Universal Life Loss | Unwinding amounts related to unrealized investment gains and losses | Individual Life
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(1,149)
Universal Life Loss | Unwinding amounts related to unrealized investment gains and losses | Other Businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			0
Universal Life Loss | Derecognizing LRR & PFL
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(674)
Universal Life Loss | Derecognizing LRR & PFL | Individual Life
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			(674)
Universal Life Loss | Derecognizing LRR & PFL | Other Businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity			$ 0

Business and Basis of Presen_12

Business and Basis of Presentation (Non-Participating Traditional and Limited-Pay Loss Recognition Reserves/Profit Followed by Losses Liability) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 314,408		$ 316,396
Retirement Strategies | Institutional
Liability for Future Policy Benefit, Activity [Line Items]
Balance	120,603	$ 117,754	110,540	$ 142,593
International Businesses | Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Balance	80,574	78,639	84,345	109,562
International Businesses | Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Balance	80,561	80,331	87,240	114,846
Corporate and Other | Long- Term Care
Liability for Future Policy Benefit, Activity [Line Items]
Balance	11,565	$ 10,685	11,505	$ 15,810
Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 1,707		$ 2,043
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves
Liability for Future Policy Benefit, Activity [Line Items]
Balance					$ 0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | Retirement Strategies | Institutional | Institutional Retirement Strategies
Liability for Future Policy Benefit, Activity [Line Items]
Balance					0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | International Businesses | Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Balance					0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | International Businesses | Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Balance					0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | Corporate and Other | Long- Term Care
Liability for Future Policy Benefit, Activity [Line Items]
Balance					0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance					0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance						$ 3,715
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition, excluding amounts related to unrealized investment gains and losses					52
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | As Previously Reported | Retirement Strategies | Institutional | Institutional Retirement Strategies
Liability for Future Policy Benefit, Activity [Line Items]
Balance						1,985
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition, excluding amounts related to unrealized investment gains and losses					0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | As Previously Reported | International Businesses | Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Balance						181
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition, excluding amounts related to unrealized investment gains and losses					12
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | As Previously Reported | International Businesses | Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Balance						670
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition, excluding amounts related to unrealized investment gains and losses					0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | As Previously Reported | Corporate and Other | Long- Term Care
Liability for Future Policy Benefit, Activity [Line Items]
Balance						734
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition, excluding amounts related to unrealized investment gains and losses					0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | As Previously Reported | Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Balance						$ 145
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance prior to transition, excluding amounts related to unrealized investment gains and losses					40
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | Unwinding amounts related to unrealized investment gains and losses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(3,663)
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | Unwinding amounts related to unrealized investment gains and losses | Retirement Strategies | Institutional | Institutional Retirement Strategies
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(1,985)
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | Unwinding amounts related to unrealized investment gains and losses | International Businesses | Life Planner
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(169)
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | Unwinding amounts related to unrealized investment gains and losses | International Businesses | Gibraltar Life and Other
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(670)
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | Unwinding amounts related to unrealized investment gains and losses | Corporate and Other | Long- Term Care
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(734)
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | Unwinding amounts related to unrealized investment gains and losses | Other Businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(105)
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | Derecognizing LRR & PFL
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(52)
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | Derecognizing LRR & PFL | Retirement Strategies | Institutional | Institutional Retirement Strategies
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | Derecognizing LRR & PFL | International Businesses | Life Planner
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(12)
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | Derecognizing LRR & PFL | International Businesses | Gibraltar Life and Other
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | Derecognizing LRR & PFL | Corporate and Other | Long- Term Care
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					0
Non-Participating Traditional and Limited-Pay Loss Recognition Reserves | Derecognizing LRR & PFL | Other Businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					$ (40)

Business and Basis of Presen_13

Business and Basis of Presentation (Terminal Dividend Liability) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 314,408		$ 316,396
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance after transition, net of reinsurance recoverable	187,881		185,928
Term Life | Individual Life
Liability for Future Policy Benefit, Activity [Line Items]
Balance	19,398	$ 19,288	20,723	$ 22,768
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable	707		782
Balance after transition, net of reinsurance recoverable	$ 7,518		$ 7,715
Terminal Dividend Liability
Liability for Future Policy Benefit, Activity [Line Items]
Balance					$ 580
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable					0
Balance after transition, net of reinsurance recoverable					580
Terminal Dividend Liability | Closed Block division
Liability for Future Policy Benefit, Activity [Line Items]
Balance					375
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable					0
Balance after transition, net of reinsurance recoverable					375
Terminal Dividend Liability | As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance						$ 591
Terminal Dividend Liability | As Previously Reported | Closed Block division
Liability for Future Policy Benefit, Activity [Line Items]
Balance						375
Terminal Dividend Liability | Changes in benefit reserves
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(11)
Terminal Dividend Liability | Changes in benefit reserves | Closed Block division
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					0
Terminal Dividend Liability | Variable/ Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Balance					201
Terminal Dividend Liability | Variable/ Universal Life | Individual Life
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable					0
Balance after transition, net of reinsurance recoverable					201
Terminal Dividend Liability | Variable/ Universal Life | As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance						212
Terminal Dividend Liability | Variable/ Universal Life | Changes in benefit reserves | Individual Life
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					(11)
Terminal Dividend Liability | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Balance					4
Terminal Dividend Liability | Term Life | Individual Life
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable					0
Balance after transition, net of reinsurance recoverable					4
Terminal Dividend Liability | Term Life | As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance						$ 4
Terminal Dividend Liability | Term Life | Changes in benefit reserves | Individual Life
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Changes in cash flow assumptions and other activity					$ 0

Business and Basis of Presen_14

Business and Basis of Presentation (Unearned Revenue Reserves) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 13,660	$ 12,679
Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance			$ 3,176
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable			0
Total balance after reinsurance recoverable			3,176
Corporate and Other | Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance			190
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable			0
Total balance after reinsurance recoverable			190
Other Businesses | Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance			30
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable			0
Total balance after reinsurance recoverable			30
As Previously Reported | Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance				$ 2,592
As Previously Reported | Corporate and Other | Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance				152
As Previously Reported | Other Businesses | Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance				30
Changes in benefit reserves | Policyholder Contract Deposit
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of actual variances from expected experience and other activity			584
Changes in benefit reserves | Corporate and Other | Policyholder Contract Deposit
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of actual variances from expected experience and other activity			38
Changes in benefit reserves | Other Businesses | Policyholder Contract Deposit
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of actual variances from expected experience and other activity			0
Variable/ Universal Life | Individual Life | Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance			2,743
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable			0
Total balance after reinsurance recoverable			2,743
Variable/ Universal Life | As Previously Reported | Individual Life | Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance				2,204
Variable/ Universal Life | Changes in benefit reserves | Individual Life | Policyholder Contract Deposit
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of actual variances from expected experience and other activity			539
Life Planner | International Businesses | Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance			163
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable			0
Total balance after reinsurance recoverable			163
Life Planner | As Previously Reported | International Businesses | Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance				161
Life Planner | Changes in benefit reserves | International Businesses | Policyholder Contract Deposit
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of actual variances from expected experience and other activity			2
Gibraltar Life and Other | International Businesses | Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance			50
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable			0
Total balance after reinsurance recoverable			50
Gibraltar Life and Other | As Previously Reported | International Businesses | Policyholder Contract Deposit
Liability for Future Policy Benefit, Activity [Line Items]
Balance				$ 45
Gibraltar Life and Other | Changes in benefit reserves | International Businesses | Policyholder Contract Deposit
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of actual variances from expected experience and other activity			$ 5

Business and Basis of Presen_15

Business and Basis of Presentation (Market Risk Benefit, Activity) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022	Jan. 01, 2021	Dec. 31, 2020
Market Risk Benefit [Roll Forward]
Net Liability	$ 3,511	$ 6,424	$ 19,852
As Previously Reported
Market Risk Benefit [Roll Forward]
Net Liability				$ 18,879
AIR to be reclassified to MRB, prior to transition, excluding amounts related to unrealized investment gains and losses
Market Risk Benefit [Roll Forward]
Net Liability			964
Total liability prior to transition
Market Risk Benefit [Roll Forward]
Net Liability			19,843
Change in reserve basis to MRB framework
Market Risk Benefit [Roll Forward]
Net Liability			220
MRB after transition, at current NPR value
Market Risk Benefit [Roll Forward]
Net Liability			20,063
Less: Reinsured MRB
Market Risk Benefit [Roll Forward]
Net Liability			211
MRB after transition, at contract inception NPR value
Market Risk Benefit [Roll Forward]
Net Liability			21,651
Cumulative change in NPR
Market Risk Benefit [Roll Forward]
Net Liability			1,588
Retirement Strategies | Individual Variable
Market Risk Benefit [Roll Forward]
Net Liability	$ 3,418	$ 6,291	19,473
Retirement Strategies | Individual Variable | As Previously Reported
Market Risk Benefit [Roll Forward]
Net Liability				18,731
Retirement Strategies | Individual Variable | AIR to be reclassified to MRB, prior to transition, excluding amounts related to unrealized investment gains and losses
Market Risk Benefit [Roll Forward]
Net Liability			824
Retirement Strategies | Individual Variable | Total liability prior to transition
Market Risk Benefit [Roll Forward]
Net Liability			19,555
Retirement Strategies | Individual Variable | Change in reserve basis to MRB framework
Market Risk Benefit [Roll Forward]
Net Liability			122
Retirement Strategies | Individual Variable | MRB after transition, at current NPR value
Market Risk Benefit [Roll Forward]
Net Liability			19,677
Retirement Strategies | Individual Variable | Less: Reinsured MRB
Market Risk Benefit [Roll Forward]
Net Liability			204
Retirement Strategies | Individual Variable | MRB after transition, at contract inception NPR value
Market Risk Benefit [Roll Forward]
Net Liability			21,259
Retirement Strategies | Individual Variable | Cumulative change in NPR
Market Risk Benefit [Roll Forward]
Net Liability			1,582
Other Businesses
Market Risk Benefit [Roll Forward]
Net Liability			379
Other Businesses | As Previously Reported
Market Risk Benefit [Roll Forward]
Net Liability				$ 148
Other Businesses | AIR to be reclassified to MRB, prior to transition, excluding amounts related to unrealized investment gains and losses
Market Risk Benefit [Roll Forward]
Net Liability			140
Other Businesses | Total liability prior to transition
Market Risk Benefit [Roll Forward]
Net Liability			288
Other Businesses | Change in reserve basis to MRB framework
Market Risk Benefit [Roll Forward]
Net Liability			98
Other Businesses | MRB after transition, at current NPR value
Market Risk Benefit [Roll Forward]
Net Liability			386
Other Businesses | Less: Reinsured MRB
Market Risk Benefit [Roll Forward]
Net Liability			7
Other Businesses | MRB after transition, at contract inception NPR value
Market Risk Benefit [Roll Forward]
Net Liability			392
Other Businesses | Cumulative change in NPR
Market Risk Benefit [Roll Forward]
Net Liability			$ 6

Business and Basis of Presen_16

Business and Basis of Presentation (Cost Of Reinsurance) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 13,660	$ 12,679
Variable/ Universal Life | Individual Life | Other liabilities
Liability for Future Policy Benefit, Activity [Line Items]
Balance			$ 3,259
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable			580
Balance after transition			3,839
Variable/ Universal Life | As Previously Reported | Individual Life | Other liabilities
Liability for Future Policy Benefit, Activity [Line Items]
Balance				$ 3,058
Variable/ Universal Life | Unwinding amounts related to unrealized investment gains and losses | Individual Life | Other liabilities
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of actual variances from expected experience and other activity			(659)
Variable/ Universal Life | Balance prior to transition, excluding amounts related to unrealized investment gains and losses | Individual Life | Other liabilities
Liability for Future Policy Benefit, Activity [Line Items]
Balance			2,399
Variable/ Universal Life | Impact from updates to certain universal life contract liabilities | Individual Life | Other liabilities
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of actual variances from expected experience and other activity			$ 860

Significant Accounting Polici_3

Significant Accounting Policies and Pronouncements (Details) - USD ($) $ in Millions	Jun. 30, 2023	Mar. 31, 2023	Jan. 01, 2023	Dec. 31, 2022	[1]	Jun. 30, 2022	[1]	Mar. 31, 2022	[2]	Dec. 31, 2021	[2]	Jan. 01, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity	$ 29,455	$ 32,447		$ 31,548		$ 32,017		$ 29,989		$ 30,322
Change in AOCI
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity	(6,649)	(3,825)		(3,806)		(4,703)		(8,553)		(9,493)
Change in AOCI | Cumulative effect of adoption of accounting changes | Accounting Standards Update 2018-12
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity			$ 16,000									$ (42,400)
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity	$ 32,756	$ 32,708		$ 31,714		$ 32,761		$ 34,228		$ 35,183
Retained Earnings | Cumulative effect of adoption of accounting changes | Accounting Standards Update 2018-12
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity			$ (1,700)									$ (2,600)
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Investments (Fixed Maturities S

Investments (Fixed Maturities Securities Excluding Investments Classified as Trading) (Details) - USD ($) $ in Millions		Jun. 30, 2023	Dec. 31, 2022
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		$ 333,311	$ 335,447
Fixed Maturities, AFS, allowance for credit losses		276	138
Fair Value	[1]	312,230	307,719
Amortized Cost	[1]	1,171	1,296
Fixed Maturities, Held-to maturity, Fair Value		1,329	1,455
Fixed Maturities, HTM, allowance for credit losses		2	2
Fixed maturities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		333,311	335,447
Gross Unrealized Gains		9,612	8,449
Gross Unrealized Losses		30,417	36,039
Fixed Maturities, AFS, allowance for credit losses		276	138
Fair Value		312,230	307,719
Amortized Cost		1,173	1,298
Gross Unrealized Gains		156	157
Gross Unrealized Losses		0	0
Fixed Maturities, Held-to maturity, Fair Value		1,329	1,455
Fixed Maturities, HTM, allowance for credit losses		2	2
Amortized Cost, Net of Allowance		1,171	1,296
Fixed maturities | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		27,215	29,372
Gross Unrealized Gains		1,122	1,110
Gross Unrealized Losses		3,795	4,413
Fixed Maturities, AFS, allowance for credit losses		0	0
Fair Value		24,542	26,069
Fixed maturities | Obligations of U.S. states and their political subdivisions
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		10,205	10,179
Gross Unrealized Gains		256	238
Gross Unrealized Losses		575	728
Fixed Maturities, AFS, allowance for credit losses		0	0
Fair Value		9,886	9,689
Fixed maturities | Foreign government bonds
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		70,205	74,103
Gross Unrealized Gains		5,149	4,503
Gross Unrealized Losses		3,090	5,379
Fixed Maturities, AFS, allowance for credit losses		56	1
Fair Value		72,208	73,226
Amortized Cost		661	725
Gross Unrealized Gains		129	128
Gross Unrealized Losses		0	0
Fixed Maturities, Held-to maturity, Fair Value		790	853
Fixed Maturities, HTM, allowance for credit losses		0	0
Amortized Cost, Net of Allowance		661	725
Fixed maturities | U.S. public corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		103,794	99,854
Gross Unrealized Gains		1,492	1,311
Gross Unrealized Losses		12,068	13,563
Fixed Maturities, AFS, allowance for credit losses		78	16
Fair Value		93,140	87,586
Fixed maturities | U.S. private corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		40,327	39,867
Gross Unrealized Gains		686	507
Gross Unrealized Losses		3,295	3,438
Fixed Maturities, AFS, allowance for credit losses		45	57
Fair Value		37,673	36,879
Fixed maturities | Foreign public corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		21,345	22,235
Gross Unrealized Gains		407	416
Gross Unrealized Losses		1,659	1,945
Fixed Maturities, AFS, allowance for credit losses		56	19
Fair Value		20,037	20,687
Amortized Cost		395	430
Gross Unrealized Gains		21	24
Gross Unrealized Losses		0	0
Fixed Maturities, Held-to maturity, Fair Value		416	454
Fixed Maturities, HTM, allowance for credit losses		2	2
Amortized Cost, Net of Allowance		393	428
Fixed maturities | Foreign private corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		33,390	32,755
Gross Unrealized Gains		261	150
Gross Unrealized Losses		4,602	5,201
Fixed Maturities, AFS, allowance for credit losses		40	44
Fair Value		29,009	27,660
Fixed maturities | Asset-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		13,301	12,972
Gross Unrealized Gains		216	166
Gross Unrealized Losses		204	286
Fixed Maturities, AFS, allowance for credit losses		1	1
Fair Value		13,312	12,851
Fixed maturities | Commercial mortgage-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		11,029	11,497
Gross Unrealized Gains		5	19
Gross Unrealized Losses		909	861
Fixed Maturities, AFS, allowance for credit losses		0	0
Fair Value		10,125	10,655
Fixed maturities | Residential mortgage-backed securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		2,500	2,613
Gross Unrealized Gains		18	29
Gross Unrealized Losses		220	225
Fixed Maturities, AFS, allowance for credit losses		0	0
Fair Value		2,298	2,417
Amortized Cost		117	143
Gross Unrealized Gains		6	5
Gross Unrealized Losses		0	0
Fixed Maturities, Held-to maturity, Fair Value		123	148
Fixed Maturities, HTM, allowance for credit losses		0	0
Amortized Cost, Net of Allowance		117	143
Prudential Netting Agreement | Fixed maturities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Amortized Cost		4,000	4,250
Fixed Maturities, Held-to maturity, Fair Value		4,000	4,250
Prudential Netting Agreement | Fixed maturities | U.S. private corporate securities
Summary Of Investments Other Than Investments In Related Parties Reportable Data [Line Items]
Fixed Maturities, available-for-sale, Amortized Cost		8,290	8,040
Fair Value		$ 8,290	$ 8,040
[1]See Note 4 for details of balances associated with variable interest entities.

Investments (Fair Value and Los

Investments (Fair Value and Losses by Investment Category and Length of Time in a Loss Position) (Details) - Fixed maturities - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Debt Securities [Line Items]
Less than Twelve Months, Fair Value	$ 59,744	$ 166,950
Less than Twelve Months, Unrealized Losses	2,656	20,276
Twelve Months or More, Fair Value	154,417	54,318
Twelve Months or More, Unrealized Losses	27,730	15,668
Fair Value	214,161	221,268
Gross Unrealized Losses	30,386	35,944
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Debt Securities [Line Items]
Less than Twelve Months, Fair Value	6,904	18,009
Less than Twelve Months, Unrealized Losses	344	3,143
Twelve Months or More, Fair Value	10,618	2,563
Twelve Months or More, Unrealized Losses	3,451	1,270
Fair Value	17,522	20,572
Gross Unrealized Losses	3,795	4,413
Obligations of U.S. states and their political subdivisions
Debt Securities [Line Items]
Less than Twelve Months, Fair Value	2,585	5,510
Less than Twelve Months, Unrealized Losses	77	526
Twelve Months or More, Fair Value	3,382	558
Twelve Months or More, Unrealized Losses	498	202
Fair Value	5,967	6,068
Gross Unrealized Losses	575	728
Foreign government bonds
Debt Securities [Line Items]
Less than Twelve Months, Fair Value	2,866	16,932
Less than Twelve Months, Unrealized Losses	75	2,384
Twelve Months or More, Fair Value	20,263	9,877
Twelve Months or More, Unrealized Losses	3,011	2,971
Fair Value	23,129	26,809
Gross Unrealized Losses	3,086	5,355
U.S. public corporate securities
Debt Securities [Line Items]
Less than Twelve Months, Fair Value	23,856	58,816
Less than Twelve Months, Unrealized Losses	1,046	7,790
Twelve Months or More, Fair Value	51,160	15,780
Twelve Months or More, Unrealized Losses	11,015	5,726
Fair Value	75,016	74,596
Gross Unrealized Losses	12,061	13,516
U.S. private corporate securities
Debt Securities [Line Items]
Less than Twelve Months, Fair Value	9,775	24,610
Less than Twelve Months, Unrealized Losses	459	2,065
Twelve Months or More, Fair Value	22,094	6,705
Twelve Months or More, Unrealized Losses	2,836	1,373
Fair Value	31,869	31,315
Gross Unrealized Losses	3,295	3,438
Foreign public corporate securities
Debt Securities [Line Items]
Less than Twelve Months, Fair Value	4,938	10,168
Less than Twelve Months, Unrealized Losses	138	932
Twelve Months or More, Fair Value	9,496	4,098
Twelve Months or More, Unrealized Losses	1,504	993
Fair Value	14,434	14,266
Gross Unrealized Losses	1,642	1,925
Foreign private corporate securities
Debt Securities [Line Items]
Less than Twelve Months, Fair Value	4,701	16,909
Less than Twelve Months, Unrealized Losses	370	2,521
Twelve Months or More, Fair Value	20,340	8,196
Twelve Months or More, Unrealized Losses	4,229	2,678
Fair Value	25,041	25,105
Gross Unrealized Losses	4,599	5,199
Asset-backed securities
Debt Securities [Line Items]
Less than Twelve Months, Fair Value	1,663	5,385
Less than Twelve Months, Unrealized Losses	31	130
Twelve Months or More, Fair Value	7,730	5,059
Twelve Months or More, Unrealized Losses	173	156
Fair Value	9,393	10,444
Gross Unrealized Losses	204	286
Commercial mortgage-backed securities
Debt Securities [Line Items]
Less than Twelve Months, Fair Value	1,898	9,289
Less than Twelve Months, Unrealized Losses	84	655
Twelve Months or More, Fair Value	8,136	1,080
Twelve Months or More, Unrealized Losses	825	206
Fair Value	10,034	10,369
Gross Unrealized Losses	909	861
Residential mortgage-backed securities
Debt Securities [Line Items]
Less than Twelve Months, Fair Value	558	1,322
Less than Twelve Months, Unrealized Losses	32	130
Twelve Months or More, Fair Value	1,198	402
Twelve Months or More, Unrealized Losses	188	93
Fair Value	1,756	1,724
Gross Unrealized Losses	$ 220	$ 223

Investments (Amortized Cost and

Investments (Amortized Cost and Fair Value of Fixed Maturities by Contractual Maturities) (Details) - USD ($) $ in Millions		Jun. 30, 2023	Dec. 31, 2022
Available-for-sale, Amortized Cost
Due in one year or less		$ 11,902
Due after one year through five years		51,624
Due after five years through ten years		61,584
Due after ten years		181,371
Fixed Maturities, available-for-sale, Amortized Cost		333,311	$ 335,447
Available-for-sale, Fair Value
Due in one year or less		11,900
Due after one year through five years		50,214
Due after five years through ten years		59,818
Due after ten years		164,563
Fixed maturities, available-for-sale, at fair value	[1]	312,230	307,719
Held-to-maturity, Amortized Cost
Due in one year or less		0
Due after one year through five years		393
Due after five years through ten years		14
Due after ten years		647
Amortized Cost		1,171
Held-to-maturity, Fair Value
Due in one year or less		0
Due after one year through five years		416
Due after five years through ten years		15
Due after ten years		775
Fixed Maturities, Held-to maturity, Fair Value		1,329	1,455
Amortized Cost	[1]	1,171	1,296
Asset-backed securities
Available-for-sale, Amortized Cost
Debt Maturities, without single maturity date		13,301
Available-for-sale, Fair Value
Debt Maturities, without single maturity date		13,312
Held-to-maturity, Amortized Cost
Debt Maturities, without single maturity date		0
Held-to-maturity, Fair Value
Debt Maturities, without single maturity date		0
Commercial mortgage-backed securities
Available-for-sale, Amortized Cost
Debt Maturities, without single maturity date		11,029
Available-for-sale, Fair Value
Debt Maturities, without single maturity date		10,125
Held-to-maturity, Amortized Cost
Debt Maturities, without single maturity date		0
Held-to-maturity, Fair Value
Debt Maturities, without single maturity date		0
Residential mortgage-backed securities
Available-for-sale, Amortized Cost
Debt Maturities, without single maturity date		2,500
Available-for-sale, Fair Value
Debt Maturities, without single maturity date		2,298
Held-to-maturity, Amortized Cost
Debt Maturities, without single maturity date		117
Held-to-maturity, Fair Value
Debt Maturities, without single maturity date		123
Fixed maturities
Available-for-sale, Amortized Cost
Fixed Maturities, available-for-sale, Amortized Cost		333,311	335,447
Available-for-sale, Fair Value
Fixed maturities, available-for-sale, at fair value		312,230	307,719
Held-to-maturity, Fair Value
Fixed Maturities, Held-to maturity, Fair Value		1,329	1,455
Amortized Cost		1,173	1,298
Fixed maturities | U.S. private corporate securities
Available-for-sale, Amortized Cost
Fixed Maturities, available-for-sale, Amortized Cost		40,327	39,867
Available-for-sale, Fair Value
Fixed maturities, available-for-sale, at fair value		37,673	36,879
Fixed maturities | Asset-backed securities
Available-for-sale, Amortized Cost
Fixed Maturities, available-for-sale, Amortized Cost		13,301	12,972
Available-for-sale, Fair Value
Fixed maturities, available-for-sale, at fair value		13,312	12,851
Fixed maturities | Commercial mortgage-backed securities
Available-for-sale, Amortized Cost
Fixed Maturities, available-for-sale, Amortized Cost		11,029	11,497
Available-for-sale, Fair Value
Fixed maturities, available-for-sale, at fair value		10,125	10,655
Fixed maturities | Residential mortgage-backed securities
Available-for-sale, Amortized Cost
Fixed Maturities, available-for-sale, Amortized Cost		2,500	2,613
Available-for-sale, Fair Value
Fixed maturities, available-for-sale, at fair value		2,298	2,417
Held-to-maturity, Fair Value
Fixed Maturities, Held-to maturity, Fair Value		123	148
Amortized Cost		117	143
Fixed maturities | Prudential Netting Agreement
Held-to-maturity, Fair Value
Fixed Maturities, Held-to maturity, Fair Value		4,000	4,250
Amortized Cost		4,000	4,250
Fixed maturities | Prudential Netting Agreement | U.S. private corporate securities
Available-for-sale, Amortized Cost
Fixed Maturities, available-for-sale, Amortized Cost		8,290	8,040
Available-for-sale, Fair Value
Fixed maturities, available-for-sale, at fair value		$ 8,290	$ 8,040
[1]See Note 4 for details of balances associated with variable interest entities.

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Schedule of Investments [Line Items]
Fixed maturity securities purchased with credit deterioration			$ 0		$ 0
Write-down on accrued investment income receivable	$ 1	$ 1	1	$ 1
Loans on non-accrual status, do not have allowance for credit losses			120		27
Commercial mortgage and other loans purchased with credit deterioration			0		0
Loans on non-accrual status recognized in interest income	1	1	1	1
Fixed maturities
Schedule of Investments [Line Items]
Total Unrealized Losses	30,386		30,386		35,944
Twelve Months or More, Unrealized Losses	27,730		27,730		15,668
Corporate securities
Schedule of Investments [Line Items]
Twelve Months or More, Unrealized Losses	27,730		27,730		15,668
Other income (loss) | Fixed maturities | Trading
Schedule of Investments [Line Items]
Unrealized gains (losses) on investments	(89)	(524)	105	(1,157)
Other income (loss) | Equity securities
Schedule of Investments [Line Items]
Unrealized gains (losses) on investments	279	(601)	576	(858)
Other income (loss) | Assets supporting experience-rated contractholder liabilities | Held-for-sale
Schedule of Investments [Line Items]
Unrealized gains (losses) on investments	$ 234	$ 281	$ 368	$ (691)
California
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage	30%		30%
Texas
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage	8%		8%
New York
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage	6%		6%
Europe
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage	6%		6%
Asia
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage	1%		1%
Mexico
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage	1%		1%
Australia
Schedule of Investments [Line Items]
Commercial mortgage loan, concentration percentage	1%		1%
NAIC High or Highest Quality Rating | Fixed maturities
Schedule of Investments [Line Items]
Total Unrealized Losses	$ 28,952		$ 28,952		33,778
NAIC Other Than High or Highest Quality Rating | Fixed maturities
Schedule of Investments [Line Items]
Total Unrealized Losses	$ 1,434		$ 1,434		$ 2,166

Investments (Fixed Maturity Pro

Investments (Fixed Maturity Proceeds) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Debt Securities [Line Items]
Proceeds from maturities/prepayments			$ 22,234	$ 28,636
Proceeds from maturities/prepayments - HTM			17	17
Fixed maturities | Available-for-sale
Debt Securities [Line Items]
Proceeds from sales	$ 6,773	$ 9,995	14,123	19,078
Proceeds from maturities/prepayments	4,053	4,301	8,041	9,606
Gross investment gains from sales and maturities	139	374	429	615
Gross investment losses from sales and maturities	(397)	(1,017)	(702)	(1,587)
Write-downs recognized in earnings	(1)	(86)	(10)	(92)
(Addition to) release of allowance for credit losses	(7)	82	(138)	5
Fixed maturities | Held-to-maturity
Debt Securities [Line Items]
Proceeds from maturities/prepayments - HTM	10	8	17	17
(Addition to) release of allowance for credit losses	$ 0	$ 1	0	2
Fixed maturities | Available-for-sale
Debt Securities [Line Items]
Noncash or part noncash divestiture, amount of consideration received (paid)			70	(48)
Fixed maturities | Held-to-maturity
Debt Securities [Line Items]
Noncash or part noncash divestiture, amount of consideration received (paid)			$ 1	$ 1

Investments (Credit Losses Reco

Investments (Credit Losses Recognized In Earnings on Fixed Maturity Securities Held by the Company) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Change in foreign exchange	$ 1		$ 1
Fixed maturities | Available-for-sale
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	269	$ 192	138	$ 114
Additions to allowance for credit losses not previously recorded	3	13	140	85
Reductions for securities sold during the period	(5)	(25)	(45)	(55)
Reductions for securities with intent to sell		(76)		(80)
Additions (reductions) on securities with previous allowance	9	6	43	45
Reclassified to / (from) “Assets held-for sale”		(1)		0
Balance, ending of period	276	109	276	109
Fixed maturities | Available-for-sale | U.S. Treasury securities and obligations of U.S. government authorities and agencies
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0	0	0
Additions to allowance for credit losses not previously recorded	0	0	0	0
Reductions for securities sold during the period	0	0	0	0
Reductions for securities with intent to sell		0		0
Additions (reductions) on securities with previous allowance	0	0	0	0
Reclassified to / (from) “Assets held-for sale”		0		0
Balance, ending of period	0	0	0	0
Fixed maturities | Available-for-sale | Foreign government bonds
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	62	12	1	7
Additions to allowance for credit losses not previously recorded	0	1	62	11
Reductions for securities sold during the period	0	0	0	(2)
Reductions for securities with intent to sell		(9)		(13)
Additions (reductions) on securities with previous allowance	(6)	2	(7)	3
Reclassified to / (from) “Assets held-for sale”		0		0
Balance, ending of period	56	6	56	6
Fixed maturities | Available-for-sale | U.S. and Foreign Corporate Securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	206	180	136	107
Additions to allowance for credit losses not previously recorded	3	11	78	73
Reductions for securities sold during the period	(5)	(25)	(45)	(53)
Reductions for securities with intent to sell		(67)		(67)
Additions (reductions) on securities with previous allowance	15	4	50	42
Reclassified to / (from) “Assets held-for sale”		(1)		0
Balance, ending of period	219	102	219	102
Fixed maturities | Available-for-sale | Asset-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	1	0	1	0
Additions to allowance for credit losses not previously recorded	0	1	0	1
Reductions for securities sold during the period	0	0	0	0
Reductions for securities with intent to sell		0		0
Additions (reductions) on securities with previous allowance	0	0	0	0
Reclassified to / (from) “Assets held-for sale”		0		0
Balance, ending of period	1	1	1	1
Fixed maturities | Available-for-sale | Commercial mortgage-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0	0	0
Additions to allowance for credit losses not previously recorded	0	0	0	0
Reductions for securities sold during the period	0	0	0	0
Reductions for securities with intent to sell		0		0
Additions (reductions) on securities with previous allowance	0	0	0	0
Reclassified to / (from) “Assets held-for sale”		0		0
Balance, ending of period	0	0	0	0
Fixed maturities | Available-for-sale | Residential mortgage-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0	0	0
Additions to allowance for credit losses not previously recorded	0	0	0	0
Reductions for securities sold during the period	0	0	0	0
Reductions for securities with intent to sell		0		0
Additions (reductions) on securities with previous allowance	0	0	0	0
Reclassified to / (from) “Assets held-for sale”		0		0
Balance, ending of period	0	0	0	0
Fixed maturities | Fixed maturities, held-to-maturity
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	2	4	2	5
Current period provision for expected losses	0	(1)	0	(1)
Change in foreign exchange	0	0	0	(1)
Balance, ending of period	2	3	2	3
Fixed maturities | Fixed maturities, held-to-maturity | U.S. Treasury securities and obligations of U.S. government authorities and agencies
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0	0	0
Current period provision for expected losses	0	0	0	0
Change in foreign exchange	0	0	0	0
Balance, ending of period	0	0	0	0
Fixed maturities | Fixed maturities, held-to-maturity | Foreign government bonds
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0	0	0
Current period provision for expected losses	0	0	0	0
Change in foreign exchange	0	0	0	0
Balance, ending of period	0	0	0	0
Fixed maturities | Fixed maturities, held-to-maturity | U.S. and Foreign Corporate Securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	2	4	2	5
Current period provision for expected losses	0	(1)	0	(1)
Change in foreign exchange	0	0	0	(1)
Balance, ending of period	2	3	2	3
Fixed maturities | Fixed maturities, held-to-maturity | Asset-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0	0	0
Current period provision for expected losses	0	0	0	0
Change in foreign exchange	0	0	0	0
Balance, ending of period	0	0	0	0
Fixed maturities | Fixed maturities, held-to-maturity | Commercial mortgage-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0	0	0
Current period provision for expected losses	0	0	0	0
Change in foreign exchange	0	0	0	0
Balance, ending of period	0	0	0	0
Fixed maturities | Fixed maturities, held-to-maturity | Residential mortgage-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Balance, beginning of period	0	0	0	0
Current period provision for expected losses	0	0	0	0
Change in foreign exchange	0	0	0	0
Balance, ending of period	$ 0	$ 0	$ 0	$ 0

Investments (Assets Supporting

Investments (Assets Supporting Experience-Rated Contractholder Liabilities) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	$ 2,419	$ 2,612
Assets supporting experience-rated contractholder liabilities, at fair value	3,019	2,844
Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	909	984
Assets supporting experience-rated contractholder liabilities, at fair value	925	945
Equity securities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	1,510	1,628
Assets supporting experience-rated contractholder liabilities, at fair value	2,094	1,899
Corporate securities | Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	80	91
Assets supporting experience-rated contractholder liabilities, at fair value	79	88
Foreign government bonds | Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	638	705
Assets supporting experience-rated contractholder liabilities, at fair value	640	668
U.S. government authorities and agencies and obligations of U.S. states | Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost or cost	191	188
Assets supporting experience-rated contractholder liabilities, at fair value	$ 206	$ 189
Public Securities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost percentage	100%	100%
NAIC High or Highest Quality Rating | Fixed maturities
Assets Supporting Experience-Rated Contractholder Liabilities [Line Items]
Assets supporting experience-rated contractholder liabilities, at amortized cost percentage	99%	98%

Investments (Concentrations of

Investments (Concentrations of Credit Risk) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Investments in Japanese government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	$ 62,051	$ 66,537
Concentrations of credit risk at fair value	64,570	66,396
Investments in Brazil government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	3,260	2,534
Concentrations of credit risk at fair value	3,208	2,281
Assets supporting experience-rated contractholder liabilities | Investments in Japanese government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	548	613
Concentrations of credit risk at fair value	547	587
Short-term investments | Investments in Brazil government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	1	60
Concentrations of credit risk at fair value	1	61
Cash equivalents | Investments in Brazil government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	326	210
Concentrations of credit risk at fair value	326	210
Fixed maturities, available-for-sale | Fixed maturities | Investments in Japanese government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	60,842	65,198
Concentrations of credit risk at fair value	63,235	64,959
Fixed maturities, available-for-sale | Fixed maturities | Investments in Brazil government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	2,933	2,264
Concentrations of credit risk at fair value	2,881	2,010
Fixed maturities, held-to-maturity | Fixed maturities | Investments in Japanese government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	643	706
Concentrations of credit risk at fair value	770	831
Fixed maturities, trading | Fixed maturities | Investments in Japanese government and government agency securities:
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Concentrations of credit risk at amortized cost	18	20
Concentrations of credit risk at fair value	$ 18	$ 19

Investments (Commercial Mortgag

Investments (Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 57,371	$ 56,334
Other loans	559	614
Total commercial mortgage and other loans	$ 57,689	$ 56,745
% of Total	100%	100%
Net carrying value of commercial loans held for sale	$ 323	$ 137
Commercial Mortgage Loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 50,487	$ 49,477
% of Total	88%	87.80%
Commercial mortgage and agricultural property loans
Commercial Mortgage and Other Loans [Line Items]
Allowance for credit losses	$ (240)	$ (201)
Total net loans	57,131	56,133
Uncollateralized loans
Commercial Mortgage and Other Loans [Line Items]
Other loans	421	463
Residential property loans
Commercial Mortgage and Other Loans [Line Items]
Other loans	34	43
Other collateralized loans
Commercial Mortgage and Other Loans [Line Items]
Other loans	104	108
Other loans
Commercial Mortgage and Other Loans [Line Items]
Total net loans	558	612
Allowance for credit losses	(1)	(2)
Office
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 8,681	$ 9,096
% of Total	15.10%	16.20%
Retail
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 6,018	$ 6,103
% of Total	10.50%	10.80%
Apartments/Multi-Family
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 15,955	$ 15,381
% of Total	27.80%	27.30%
Industrial
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 13,812	$ 13,079
% of Total	24.10%	23.20%
Hospitality
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 2,161	$ 2,027
% of Total	3.80%	3.60%
Other
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 3,860	$ 3,791
% of Total	6.70%	6.70%
Agricultural property loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans by property type	$ 6,884	$ 6,857
% of Total	12%	12.20%

Investments (Allowance for Cred

Investments (Allowance for Credit Losses) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Allowance for Loan and Lease Losses [Roll Forward]
Allowance, beginning of period	$ 221	$ 121	$ 203	$ 119
Addition to (release of) allowance for expected losses	19	76	38	72
Reduction for loans sold during the period	0		(1)
Change in foreign exchange	1		1
Reclassified (to) from “Assets held-for sale”		0		6
Other		(1)		(1)
Allowance, end of period	241	196	241	196
Commercial Mortgage Loans
Allowance for Loan and Lease Losses [Roll Forward]
Allowance, beginning of period	205	113	188	111
Addition to (release of) allowance for expected losses	18	44	35	40
Reduction for loans sold during the period	0		0
Change in foreign exchange	1		1
Reclassified (to) from “Assets held-for sale”		0		6
Other		(1)		(1)
Allowance, end of period	224	156	224	156
Agricultural Property Loans
Allowance for Loan and Lease Losses [Roll Forward]
Allowance, beginning of period	15	4	13	4
Addition to (release of) allowance for expected losses	1	4	3	4
Reduction for loans sold during the period	0		0
Change in foreign exchange	0		0
Reclassified (to) from “Assets held-for sale”		0		0
Other		0		0
Allowance, end of period	16	8	16	8
Residential Property Loans
Allowance for Loan and Lease Losses [Roll Forward]
Allowance, beginning of period	0	0	0	0
Addition to (release of) allowance for expected losses	0	0	0	0
Reduction for loans sold during the period	0		0
Change in foreign exchange	0		0
Reclassified (to) from “Assets held-for sale”		0		0
Other		0		0
Allowance, end of period	0	0	0	0
Other collateralized loans
Allowance for Loan and Lease Losses [Roll Forward]
Allowance, beginning of period	0	0	0	0
Addition to (release of) allowance for expected losses	0	0	0	0
Reduction for loans sold during the period	0		0
Change in foreign exchange	0		0
Reclassified (to) from “Assets held-for sale”		0		0
Other		0		0
Allowance, end of period	0	0	0	0
Uncollateralized Loans
Allowance for Loan and Lease Losses [Roll Forward]
Allowance, beginning of period	1	4	2	4
Addition to (release of) allowance for expected losses	0	28	0	28
Reduction for loans sold during the period	0		(1)
Change in foreign exchange	0		0
Reclassified (to) from “Assets held-for sale”		0		0
Other		0		0
Allowance, end of period	$ 1	$ 32	$ 1	$ 32

Investments (Credit Quality Ind

Investments (Credit Quality Indicators) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Recording investment gross of allowance for credit losses	$ 57,930	$ 56,948
Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	2,434	3,835
One Years Prior	3,785	6,402
Two Years Prior	6,323	3,361
Three Years Prior	3,303	6,779
Four Years Prior	6,747	7,098
Prior	27,895	22,002
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	50,487	49,477
Commercial Mortgage Loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	2,110	3,249
One Years Prior	3,242	6,135
Two Years Prior	6,118	3,013
Three Years Prior	3,126	5,749
Four Years Prior	5,977	6,505
Prior	24,297	18,318
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	44,870	42,969
Commercial Mortgage Loans | 1.0 - 1.2x
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	97	586
One Years Prior	366	252
Two Years Prior	134	164
Three Years Prior	72	454
Four Years Prior	428	383
Prior	2,037	2,183
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	3,134	4,022
Commercial Mortgage Loans | Less than 1.0x
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	227	0
One Years Prior	177	15
Two Years Prior	71	184
Three Years Prior	105	576
Four Years Prior	342	210
Prior	1,561	1,501
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	2,483	2,486
Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	200	1,606
One Years Prior	1,572	2,079
Two Years Prior	2,068	861
Three Years Prior	844	508
Four Years Prior	498	347
Prior	1,616	1,382
Revolving Loans	86	74
Recording investment gross of allowance for credit losses	6,884	6,857
Agricultural property loans | ≥ 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	195	1,593
One Years Prior	1,559	2,035
Two Years Prior	2,025	781
Three Years Prior	813	507
Four Years Prior	497	323
Prior	1,528	1,272
Revolving Loans	86	74
Recording investment gross of allowance for credit losses	6,703	6,585
Agricultural property loans | 1.0 - 1.2x
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	0	5
One Years Prior	5	44
Two Years Prior	43	80
Three Years Prior	31	0
Four Years Prior	0	6
Prior	75	68
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	154	203
Agricultural property loans | Less than 1.0x
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	5	8
One Years Prior	8	0
Two Years Prior	0	0
Three Years Prior	0	1
Four Years Prior	1	18
Prior	13	42
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	27	69
0%-59.99% | Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	774	971
One Years Prior	672	1,747
Two Years Prior	1,693	1,282
Three Years Prior	1,336	2,831
Four Years Prior	3,114	4,697
Prior	18,602	15,111
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	26,191	26,639
0%-59.99% | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	131	931
One Years Prior	901	1,994
Two Years Prior	2,005	853
Three Years Prior	768	461
Four Years Prior	456	326
Prior	1,563	1,348
Revolving Loans	86	74
Recording investment gross of allowance for credit losses	5,910	5,987
60%-69.99% | Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	1,021	1,997
One Years Prior	2,040	3,502
Two Years Prior	3,533	1,553
Three Years Prior	1,467	2,804
Four Years Prior	2,247	1,732
Prior	5,791	3,780
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	16,099	15,368
60%-69.99% | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	69	675
One Years Prior	671	85
Two Years Prior	63	8
Three Years Prior	76	47
Four Years Prior	27	8
Prior	53	0
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	959	823
70%-79.99% | Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	562	865
One Years Prior	1,037	1,127
Two Years Prior	1,073	519
Three Years Prior	493	1,025
Four Years Prior	1,268	645
Prior	1,745	1,445
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	6,178	5,626
70%-79.99% | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	0	0
One Years Prior	0	0
Two Years Prior	0	0
Three Years Prior	0	0
Four Years Prior	15	0
Prior	0	0
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	15	0
80% or greater | Commercial Mortgage Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	77	2
One Years Prior	36	26
Two Years Prior	24	7
Three Years Prior	7	119
Four Years Prior	118	24
Prior	1,757	1,666
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	2,019	1,844
80% or greater | Agricultural property loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	0	0
One Years Prior	0	0
Two Years Prior	0	0
Three Years Prior	0	0
Four Years Prior	0	13
Prior	0	34
Revolving Loans	0	0
Recording investment gross of allowance for credit losses	$ 0	$ 47

Investments (Analysis of Past D

Investments (Analysis of Past Due Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Total	$ 57,930	$ 56,948
Non-accrual status	122	28
Current
Financing Receivable, Past Due [Line Items]
Total	57,861	56,923
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	14
90 days or more past due
Financing Receivable, Past Due [Line Items]
Total	69	11
Total Past Due
Financing Receivable, Past Due [Line Items]
Total	69	25
Commercial Mortgage Loans
Financing Receivable, Past Due [Line Items]
Total	50,487	49,477
Non-accrual status	72	11
Commercial Mortgage Loans | Current
Financing Receivable, Past Due [Line Items]
Total	50,418	49,465
Commercial Mortgage Loans | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Commercial Mortgage Loans | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	3
Commercial Mortgage Loans | 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total	69	9
Commercial Mortgage Loans | Total Past Due
Financing Receivable, Past Due [Line Items]
Total	69	12
Agricultural property loans
Financing Receivable, Past Due [Line Items]
Total	6,884	6,857
Non-accrual status	25	17
Agricultural property loans | Current
Financing Receivable, Past Due [Line Items]
Total	6,884	6,844
Agricultural property loans | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Agricultural property loans | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	11
Agricultural property loans | 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total	0	2
Agricultural property loans | Total Past Due
Financing Receivable, Past Due [Line Items]
Total	0	13
Residential property loans
Financing Receivable, Past Due [Line Items]
Total	34	43
Non-accrual status	0	0
Residential property loans | Current
Financing Receivable, Past Due [Line Items]
Total	34	43
Residential property loans | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Residential property loans | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Residential property loans | 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total	0	0
Residential property loans | Total Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Other collateralized loans
Financing Receivable, Past Due [Line Items]
Total	104	108
Non-accrual status	0	0
Other collateralized loans | Current
Financing Receivable, Past Due [Line Items]
Total	104	108
Other collateralized loans | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Other collateralized loans | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Other collateralized loans | 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total	0	0
Other collateralized loans | Total Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Uncollateralized loans
Financing Receivable, Past Due [Line Items]
Total	421	463
Non-accrual status	25	0
Uncollateralized loans | Current
Financing Receivable, Past Due [Line Items]
Total	421	463
Uncollateralized loans | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Uncollateralized loans | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Uncollateralized loans | 90 days or more past due
Financing Receivable, Past Due [Line Items]
Total	0	0
Uncollateralized loans | Total Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Loans | 90 days or more past due
Financing Receivable, Past Due [Line Items]
Accruing interest	$ 0	$ 0

Investments (Other Invested Ass

Investments (Other Invested Assets) (Details) - USD ($) $ in Millions		Jun. 30, 2023	Dec. 31, 2022
Other Invested Assets [Line Items]
Other invested assets	[1]	$ 21,473	$ 21,099
LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		17,349	16,917
Real estate held through direct ownership
Other Invested Assets [Line Items]
Other invested assets		1,843	1,617
Derivative instruments
Other Invested Assets [Line Items]
Other invested assets		1,248	1,457
Other
Other Invested Assets [Line Items]
Other invested assets		1,033	1,108
Mortgage Debt | Real estate-related
Other Invested Assets [Line Items]
Other invested assets		181	208
Equity method | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		13,558	13,228
Equity method | Private equity | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		7,881	7,215
Equity method | Hedge funds | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		3,133	3,220
Equity method | Real estate-related | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		2,544	2,793
Fair Value
Other Invested Assets [Line Items]
Other invested assets		97	102
Fair Value | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		3,791	3,689
Fair Value | Private equity | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		1,412	1,476
Fair Value | Hedge funds | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		2,099	1,908
Fair Value | Real estate-related | LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets		$ 280	$ 305
[1]See Note 4 for details of balances associated with variable interest entities.

Investments (Accrued Investment

Investments (Accrued Investment Income) (Details) - USD ($) $ in Millions		Jun. 30, 2023	Dec. 31, 2022
Net Investment Income [Line Items]
Accrued investment income	[1]	$ 3,142	$ 3,012
Fixed maturities
Net Investment Income [Line Items]
Accrued investment income		2,636	2,517
Equity securities
Net Investment Income [Line Items]
Accrued investment income		5	6
Commercial mortgage and other loans
Net Investment Income [Line Items]
Accrued investment income		196	190
Policy loans
Net Investment Income [Line Items]
Accrued investment income		246	253
Other invested assets
Net Investment Income [Line Items]
Accrued investment income		17	18
Short-term investments and cash equivalents
Net Investment Income [Line Items]
Accrued investment income		$ 42	$ 28
[1]See Note 4 for details of balances associated with variable interest entities.

Investments (Net Investment Inc

Investments (Net Investment Income) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 4,769	$ 4,113	$ 9,377	$ 8,644
Less: investment Expense	(293)	(175)	(581)	(348)
Net investment income	4,476	3,938	8,796	8,296
Assets supporting experience-rated contractholder liabilities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	12	9	25	144
Equity securities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	64	50	104	76
Commercial mortgage and other loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	560	525	1,103	1,113
Policy loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	124	126	248	251
Other invested assets
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	384	377	694	932
Short-term investments and cash equivalents
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	222	58	460	75
Available-for-sale | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	3,296	2,861	6,531	5,830
Held-to-maturity | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	50	54	100	108
Trading | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 57	$ 53	$ 112	$ 115

Investments (Realized Investmen

Investments (Realized Investment Gains Losses, Net) (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022		Jun. 30, 2023	Jun. 30, 2022
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	$ (938)	$ (1,636)	[1]	$ (721)	$ (2,680)	[2]
Fixed maturities
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	(266)	(646)		(421)	(1,057)
Commercial mortgage and other loans
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	(14)	(81)		(26)	(66)
Investment real estate
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	(5)	84		27	90
LPs/LLCs
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	(1)	6		(17)	(6)
Derivatives
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	(663)	(1,005)		(305)	(1,643)
Other
Gain (Loss) on Securities [Line Items]
Realized investment gains (losses), net	$ 11	$ 6		$ 21	$ 2
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Investments (Net Unrealized Gai

Investments (Net Unrealized Gains Losses on Investments) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	$ (18,817)	$ (25,026)
Fixed maturities | Available-for-sale | With an allowance
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	(68)	(45)
Fixed maturities | Available-for-sale | Without an allowance
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	(20,737)	(27,545)
Derivatives designated as cash flow hedges
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	2,097	2,616
Derivatives designated as fair value hedges
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	(149)	(54)
Other investments
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	40	$ 2
Other investments | Held-to-maturity
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) on investments	$ 0

Investments (Repurchase Agreeme

Investments (Repurchase Agreements and Securities Lending Transactions) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	$ 6,097	$ 6,589
Total cash collateral for loaned securities	5,207	6,100
Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	6,097	6,189
Total cash collateral for loaned securities	4,623	5,622
Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	200
Total cash collateral for loaned securities	584	478
30 to 90 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	200
Total cash collateral for loaned securities	0	0
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	5,977	6,579
Total cash collateral for loaned securities	1	1
U.S. Treasury securities and obligations of U.S. government authorities and agencies | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	5,977	6,179
Total cash collateral for loaned securities	1	1
U.S. Treasury securities and obligations of U.S. government authorities and agencies | Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	200
Total cash collateral for loaned securities	0	0
U.S. Treasury securities and obligations of U.S. government authorities and agencies | 30 to 90 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	200
Obligations of U.S. states and their political subdivisions
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	46	61
Obligations of U.S. states and their political subdivisions | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	46	61
Obligations of U.S. states and their political subdivisions | Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	0	0
Foreign government bonds
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	326	299
Foreign government bonds | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	308	285
Foreign government bonds | Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	18	14
U.S. public corporate securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	3,886	4,504
U.S. public corporate securities | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	3,422	4,109
U.S. public corporate securities | Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	464	395
Foreign public corporate securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	699	875
Foreign public corporate securities | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	597	806
Foreign public corporate securities | Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	102	69
Commercial mortgage-backed securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	120	0
Commercial mortgage-backed securities | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	120	0
Commercial mortgage-backed securities | Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	0
Commercial mortgage-backed securities | 30 to 90 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	0
Residential mortgage-backed securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	10
Residential mortgage-backed securities | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	10
Residential mortgage-backed securities | Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	0
Residential mortgage-backed securities | 30 to 90 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total securities sold under agreements to repurchase	0	0
Equity securities
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	249	360
Equity securities | Overnight & Continuous
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	249	360
Equity securities | Up to 30 Days
Transfer Of Certain Financial Assets Accounted For As Secured Borrowings [Line Items]
Total cash collateral for loaned securities	$ 0	$ 0

Variable Interest Entities (Ass

Variable Interest Entities (Assets and Liabilities of Consolidated VIEs) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Total assets	$ 697,304	$ 689,029
Total liabilities	667,849	657,481
Consolidated VIEs for Which the Company is the Investment Manager
Variable Interest Entity [Line Items]
Total assets	5,827	5,557
Total liabilities	899	763
Consolidated VIEs for Which the Company is the Investment Manager | Wholly-owned beneficial interests
Variable Interest Entity [Line Items]
Total assets	3,491	3,403
Consolidated VIEs for Which the Company is the Investment Manager | Equity securities
Variable Interest Entity [Line Items]
Total assets	80	85
Consolidated VIEs for Which the Company is the Investment Manager | Commercial mortgage and other loans
Variable Interest Entity [Line Items]
Total assets	692	784
Consolidated VIEs for Which the Company is the Investment Manager | Other
Variable Interest Entity [Line Items]
Total assets	3,875	3,397
Consolidated VIEs for Which the Company is the Investment Manager | Cash and cash equivalents
Variable Interest Entity [Line Items]
Total assets	165	375
Consolidated VIEs for Which the Company is the Investment Manager | Accrued investment income
Variable Interest Entity [Line Items]
Total assets	3	2
Consolidated VIEs for Which the Company is the Investment Manager | Other assets
Variable Interest Entity [Line Items]
Total assets	398	352
Consolidated VIEs for Which the Company is the Investment Manager | Other liabilities
Variable Interest Entity [Line Items]
Total liabilities	497	389
Consolidated VIEs for Which the Company is the Investment Manager | Notes issued by consolidated VIEs
Variable Interest Entity [Line Items]
Total liabilities	402	374
Other Consolidated VIEs
Variable Interest Entity [Line Items]
Total assets	1,470	1,556
Total liabilities	0	0
Other Consolidated VIEs | Equity securities
Variable Interest Entity [Line Items]
Total assets	0	0
Other Consolidated VIEs | Commercial mortgage and other loans
Variable Interest Entity [Line Items]
Total assets	0	0
Other Consolidated VIEs | Other
Variable Interest Entity [Line Items]
Total assets	97	68
Other Consolidated VIEs | Cash and cash equivalents
Variable Interest Entity [Line Items]
Total assets	0	0
Other Consolidated VIEs | Accrued investment income
Variable Interest Entity [Line Items]
Total assets	3	3
Other Consolidated VIEs | Other assets
Variable Interest Entity [Line Items]
Total assets	657	706
Other Consolidated VIEs | Other liabilities
Variable Interest Entity [Line Items]
Total liabilities	0	0
Other Consolidated VIEs | Notes issued by consolidated VIEs
Variable Interest Entity [Line Items]
Total liabilities	0	0
Fixed maturities, available-for-sale | Consolidated VIEs for Which the Company is the Investment Manager | Fixed maturities
Variable Interest Entity [Line Items]
Total assets	443	398
Fixed maturities, available-for-sale | Other Consolidated VIEs | Fixed maturities
Variable Interest Entity [Line Items]
Total assets	84	90
Fixed maturities, held-to-maturity | Consolidated VIEs for Which the Company is the Investment Manager | Fixed maturities
Variable Interest Entity [Line Items]
Total assets	0	0
Fixed maturities, held-to-maturity | Other Consolidated VIEs | Fixed maturities
Variable Interest Entity [Line Items]
Total assets	629	689
Fixed maturities, trading | Consolidated VIEs for Which the Company is the Investment Manager | Fixed maturities
Variable Interest Entity [Line Items]
Total assets	171	164
Fixed maturities, trading | Other Consolidated VIEs | Fixed maturities
Variable Interest Entity [Line Items]
Total assets	$ 0	$ 0
Minimum | Consolidated VIEs for Which the Company is the Investment Manager | Notes issued by consolidated VIEs
Variable Interest Entity [Line Items]
VIEs Liabilities, maturities obligations	1 year
Maximum | Consolidated VIEs for Which the Company is the Investment Manager | Notes issued by consolidated VIEs
Variable Interest Entity [Line Items]
VIEs Liabilities, maturities obligations	10 years

Variable Interest Entities (Nar

Variable Interest Entities (Narrative) (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Total liabilities	$ 667,849,000,000	$ 657,481,000,000
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Total liabilities	0
Fixed maturities, available-for-sale, Fixed maturities, trading, Equity securities and Other invested assets | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum exposure to loss on these investments	836,000,000	950,000,000
Other invested assets | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum exposure to loss on these investments	$ 17,349,000,000	$ 16,917,000,000

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Credit Derivatives [Line Items]
Total derivative assets	$ 1,248		$ 1,248		$ 1,455
Total derivative liabilities	3,065		3,065		3,055
Anticipated pre-tax gain (loss) reclassified from accumulated other comprehensive income (loss) to earnings			$ 274
Maximum length of time hedged in cash flow hedge (future cash flows)			28 years
Net investment hedges income (loss) before taxes	63	$ 123	$ 61	$ 141
Non-derivative Net Investment Hedges income (loss) before taxes	46	$ 102	45	$ 131
Credit derivative protection purchased notional amount	318		318		324
Credit Risk Derivative Liabilities, at Fair Value	20		20		(31)
Credit Default Swap, Buying Protection
Credit Derivatives [Line Items]
Credit Risk Derivative Liabilities, at Fair Value	$ 6		$ 6
Credit Risk Derivatives, at Fair Value, Asset Net (Liability)					$ 1

Derivative Instruments (Gross N

Derivative Instruments (Gross Notional Amount and Fair Value of Derivatives Contracts) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Derivative [Line Items]
Gross Notional	$ 564,732	$ 460,804
Assets	16,187	16,257
Liabilities	(27,243)	(26,353)
Embedded derivative, fair value OF embedded derivative, net	(5,004)	(2,997)
Derivatives Designated as Hedge Accounting Instruments:
Derivative [Line Items]
Gross Notional	34,953	34,491
Assets	3,044	3,690
Liabilities	(903)	(925)
Derivatives Designated as Hedge Accounting Instruments: | Interest Rate Swaps
Derivative [Line Items]
Gross Notional	3,742	3,627
Assets	60	66
Liabilities	(249)	(245)
Derivatives Designated as Hedge Accounting Instruments: | Interest Rate Forwards
Derivative [Line Items]
Gross Notional	150	398
Assets	0	0
Liabilities	(29)	(85)
Derivatives Designated as Hedge Accounting Instruments: | Foreign Currency Forwards
Derivative [Line Items]
Gross Notional	4,767	4,830
Assets	129	155
Liabilities	(239)	(262)
Derivatives Designated as Hedge Accounting Instruments: | Foreign Currency Swaps
Derivative [Line Items]
Gross Notional	26,294	25,636
Assets	2,855	3,469
Liabilities	(386)	(333)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Gross Notional	529,779	426,313
Assets	13,143	12,567
Liabilities	(26,340)	(25,428)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Swaps
Derivative [Line Items]
Gross Notional	306,146	212,934
Assets	8,517	9,097
Liabilities	(21,132)	(21,154)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Forwards
Derivative [Line Items]
Gross Notional	3,067	2,354
Assets	14	21
Liabilities	(18)	(42)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Foreign Currency Forwards
Derivative [Line Items]
Gross Notional	30,713	31,317
Assets	2,212	1,556
Liabilities	(2,430)	(1,924)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Foreign Currency Options
Derivative [Line Items]
Gross Notional	0	0
Assets	0	0
Liabilities	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Foreign Currency Swaps
Derivative [Line Items]
Gross Notional	8,377	8,410
Assets	707	813
Liabilities	(155)	(170)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Futures
Derivative [Line Items]
Gross Notional	9,535	18,080
Assets	66	13
Liabilities	(9)	(24)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Options
Derivative [Line Items]
Gross Notional	26,428	9,778
Assets	221	224
Liabilities	(814)	(280)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit Default Swaps
Derivative [Line Items]
Gross Notional	5,133	6,351
Assets	35	27
Liabilities	(21)	(57)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity Futures
Derivative [Line Items]
Gross Notional	996	1,372
Assets	7	1
Liabilities	(1)	(2)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity Options
Derivative [Line Items]
Gross Notional	45,804	38,323
Assets	1,325	708
Liabilities	(1,469)	(1,590)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Total Return Swaps
Derivative [Line Items]
Gross Notional	10,149	11,806
Assets	38	106
Liabilities	(290)	(184)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Other
Derivative [Line Items]
Gross Notional	1,250	1,250
Assets	0	0
Liabilities	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Synthetic GICs
Derivative [Line Items]
Gross Notional	82,181	84,338
Assets	1	1
Liabilities	$ (1)	$ (1)

Derivative Instruments (Hedged

Derivative Instruments (Hedged Item Offset By Derivatives Achieving Fair Value Hedge Accounting) (Details) - USD ($) $ in Millions		Jun. 30, 2023	Dec. 31, 2022		Jun. 30, 2022
Derivative [Line Items]
Fixed maturities, available-for-sale, at fair value	[1]	$ 312,230	$ 307,719
Commercial mortgage and other loans	[1]	57,689	56,745
Policyholders’ account balances		(138,743)	(135,624)	[2]
Future policy benefits		(268,649)	(261,773)	[2]	$ (266,090)
Carrying Amount of the Hedged Assets (Liabilities)
Derivative [Line Items]
Fixed maturities, available-for-sale, at fair value		229	297
Commercial mortgage and other loans		0	0
Policyholders’ account balances		(793)	(966)
Future policy benefits		(2,455)	(2,354)
Cumulative Adjustment Included in Carrying Amount
Derivative [Line Items]
Fixed maturities, available-for-sale, at fair value		19	27
Commercial mortgage and other loans		0	0
Policyholders’ account balances		217	217
Future policy benefits		$ 289	$ 391
[1]See Note 4 for details of balances associated with variable interest entities.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Derivative Instruments (Offsett

Derivative Instruments (Offsetting Assets and Liabilities) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Derivative Assets
Gross Amounts of Recognized Financial Instruments	$ 16,083	$ 16,178
Gross Amounts Offset in the Statements of Financial Position	(14,939)	(14,802)
Net Amounts Presented in the Statements of Financial Position	1,144	1,376
Financial Instruments/Collateral	(249)	(702)
Net Amount	895	674
Securities purchased under agreement to resell
Gross Amounts of Recognized Financial Instruments	22	385
Gross Amounts Offset in the Statements of Financial Position	0	0
Net Amounts Presented in the Statements of Financial Position	22	385
Financial Instruments/Collateral	(22)	(385)
Net Amount	0	0
Total assets
Gross Amounts of Recognized Financial Instruments	16,105	16,563
Gross Amounts Offset in the Statements of Financial Position	(14,939)	(14,802)
Net Amounts Presented in the Statements of Financial Position	1,166	1,761
Financial Instruments/Collateral	(271)	(1,087)
Net Amount	895	674
Derivative Liabilities
Gross Amounts of Recognized Financial Instruments	27,244	26,352
Gross Amounts Offset in the Statements of Financial Position	(24,178)	(23,298)
Net Amounts Presented in the Statements of Financial Position	3,066	3,054
Financial Instruments/Collateral	(3,051)	(3,054)
Net Amount	15	0
Securities sold under agreement to repurchase
Gross Amounts of Recognized Financial Instruments	6,097	6,589
Gross Amounts Offset in the Statements of Financial Position	0	0
Net Amounts Presented in the Statements of Financial Position	6,097	6,589
Financial Instruments/Collateral	(5,977)	(6,589)
Net Amount	120	0
Total liabilities
Gross Amounts of Recognized Financial Instruments	33,341	32,941
Gross Amounts Offset in the Statements of Financial Position	(24,178)	(23,298)
Net Amounts Presented in the Statements of Financial Position	9,163	9,643
Financial Instruments/Collateral	(9,028)	(9,643)
Net Amount	$ 135	$ 0

Derivative Instruments (Financi

Derivative Instruments (Financial Statement Classification and Impact of Derivatives Used in Qualifying and Non-qualifying Hedge Relationships) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Non-derivative Net Investment Hedges income (loss) before taxes	$ 46	$ 102	$ 45	$ 131
Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(661)	(1,002)	(294)	(1,639)
Realized Investment Gains (Losses) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(677)	(1,052)	(328)	(1,689)
Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(1,462)	(1,003)	(1,433)	(3,338)
Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(1,462)	(1,003)	(1,433)	(3,338)
Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	78	72	162	143
Net Investment Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Other Income (Loss)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(63)	394	(144)	474
Other Income (Loss) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	3	3	2	3
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Expense | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Credited to Policyholders’ Account Balances
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(15)	12	(15)	18
Interest Credited to Policyholders’ Account Balances | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Policyholders’ Benefits
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(16)	14	(20)	10
Policyholders’ Benefits | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Change in AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(304)	1,365	(598)	1,500
Change in AOCI | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Fair value hedges | Realized Investment Gains (Losses) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	4	8	0	(3)
Fair value hedges | Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Fair value hedges | Net Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	(1)	(1)	(4)
Fair value hedges | Other Income (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Fair value hedges | Interest Expense | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Fair value hedges | Interest Credited to Policyholders’ Account Balances | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(53)	(126)	(16)	(267)
Fair value hedges | Policyholders’ Benefits | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(8)	(310)	85	(524)
Fair value hedges | Change in AOCI | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Fair Value Hedged Item | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(4)	(6)	0	5
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	0	2	0	2
Fair Value Hedged Item | Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss)
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	0	0	0	0
Fair Value Hedged Item | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	4	6	7	10
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	4	5	6	6
Fair Value Hedged Item | Other Income (Loss)
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	0	0	0	0
Fair Value Hedged Item | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	0	0	0	0
Fair Value Hedged Item | Interest Credited to Policyholders’ Account Balances
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	38	138	1	285
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	(15)	12	(15)	18
Fair Value Hedged Item | Policyholders’ Benefits
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(6)	324	(101)	536
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	(16)	14	(20)	10
Fair Value Hedged Item | Change in AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Change In Unrealized Gain (Loss) On Hedged Item In Fair Value Net Of Hedging Instrument	(75)	52	(95)	63
Cash flow hedges | Realized Investment Gains (Losses) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	16	48	34	48
Cash flow hedges | Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Cash flow hedges | Net Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	74	67	156	137
Cash flow hedges | Other Income (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(66)	391	(146)	471
Cash flow hedges | Interest Expense | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Cash flow hedges | Interest Credited to Policyholders’ Account Balances | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Cash flow hedges | Policyholders’ Benefits | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Cash flow hedges | Change in AOCI | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(246)	1,291	(519)	1,427
Net investment hedges | Realized Investment Gains (Losses) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Net investment hedges | Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Net investment hedges | Net Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Net investment hedges | Other Income (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Net investment hedges | Interest Expense | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Net investment hedges | Interest Credited to Policyholders’ Account Balances | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Net investment hedges | Policyholders’ Benefits | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Net investment hedges | Change in AOCI | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	17	22	16	10
Interest Rate | Realized Investment Gains (Losses) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(322)	(1,481)	225	(2,387)
Interest Rate | Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(1,022)	(2,159)	(755)	(4,859)
Interest Rate | Net Investment Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Other Income (Loss) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Interest Expense | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Interest Credited to Policyholders’ Account Balances | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Policyholders’ Benefits | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Change in AOCI | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Fair value hedges | Realized Investment Gains (Losses) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	5	13	1	27
Interest Rate | Fair value hedges | Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Fair value hedges | Net Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	(1)	0	(3)
Interest Rate | Fair value hedges | Other Income (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Fair value hedges | Interest Expense | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Fair value hedges | Interest Credited to Policyholders’ Account Balances | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(53)	(126)	(16)	(267)
Interest Rate | Fair value hedges | Policyholders’ Benefits | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(58)	(159)	(14)	(317)
Interest Rate | Fair value hedges | Change in AOCI | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Fair Value Hedged Item | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(5)	(13)	(1)	(27)
Interest Rate | Fair Value Hedged Item | Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss)
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Interest Rate | Fair Value Hedged Item | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	3	3	6	7
Interest Rate | Fair Value Hedged Item | Other Income (Loss)
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Interest Rate | Fair Value Hedged Item | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Interest Rate | Fair Value Hedged Item | Interest Credited to Policyholders’ Account Balances
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	38	138	1	285
Interest Rate | Fair Value Hedged Item | Policyholders’ Benefits
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	44	173	(4)	332
Interest Rate | Fair Value Hedged Item | Change in AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Interest Rate | Cash flow hedges | Realized Investment Gains (Losses) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	(22)	(5)
Interest Rate | Cash flow hedges | Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Cash flow hedges | Net Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(6)	(1)	(7)	0
Interest Rate | Cash flow hedges | Other Income (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Cash flow hedges | Interest Expense | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Cash flow hedges | Interest Credited to Policyholders’ Account Balances | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Cash flow hedges | Policyholders’ Benefits | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Interest Rate | Cash flow hedges | Change in AOCI | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(12)	(76)	32	(134)
Currency | Realized Investment Gains (Losses) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(349)	(162)	(510)	(371)
Currency | Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Net Investment Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Other Income (Loss) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	4	0	5	(1)
Currency | Interest Expense | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Interest Credited to Policyholders’ Account Balances | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Policyholders’ Benefits | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Change in AOCI | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Fair value hedges | Realized Investment Gains (Losses) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(1)	(5)	(1)	(30)
Currency | Fair value hedges | Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Fair value hedges | Net Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	(1)	(1)
Currency | Fair value hedges | Other Income (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Fair value hedges | Interest Expense | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Fair value hedges | Interest Credited to Policyholders’ Account Balances | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Fair value hedges | Policyholders’ Benefits | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	50	(151)	99	(207)
Currency | Fair value hedges | Change in AOCI | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Fair Value Hedged Item | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	1	7	1	32
Currency | Fair Value Hedged Item | Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss)
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Currency | Fair Value Hedged Item | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	1	3	1	3
Currency | Fair Value Hedged Item | Other Income (Loss)
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Currency | Fair Value Hedged Item | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Currency | Fair Value Hedged Item | Interest Credited to Policyholders’ Account Balances
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Currency | Fair Value Hedged Item | Policyholders’ Benefits
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(50)	151	(97)	204
Currency | Fair Value Hedged Item | Change in AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	0	0	0	0
Currency | Amortization for gains (losses) excluded from assessment of the effectiveness | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Amortization for gains (losses) excluded from assessment of the effectiveness | Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Amortization for gains (losses) excluded from assessment of the effectiveness | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Amortization for gains (losses) excluded from assessment of the effectiveness | Other Income (Loss)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Amortization for gains (losses) excluded from assessment of the effectiveness | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Amortization for gains (losses) excluded from assessment of the effectiveness | Interest Credited to Policyholders’ Account Balances
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Amortization for gains (losses) excluded from assessment of the effectiveness | Policyholders’ Benefits
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(2)	0	(4)	(2)
Currency | Amortization for gains (losses) excluded from assessment of the effectiveness | Change in AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(75)	52	(95)	63
Currency | Cash flow hedges | Realized Investment Gains (Losses) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	3	4	8	4
Currency | Cash flow hedges | Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Cash flow hedges | Net Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Cash flow hedges | Other Income (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Cash flow hedges | Interest Expense | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Cash flow hedges | Interest Credited to Policyholders’ Account Balances | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Cash flow hedges | Policyholders’ Benefits | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Cash flow hedges | Change in AOCI | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(1)	114	(40)	144
Currency | Net investment hedges | Realized Investment Gains (Losses) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Net investment hedges | Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Net investment hedges | Net Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Net investment hedges | Other Income (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Net investment hedges | Interest Expense | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Net investment hedges | Interest Credited to Policyholders’ Account Balances | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Net investment hedges | Policyholders’ Benefits | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency | Net investment hedges | Change in AOCI | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	17	22	16	10
Currency/Interest Rate | Realized Investment Gains (Losses) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(35)	646	(63)	786
Currency/Interest Rate | Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Net Investment Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Other Income (Loss) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(1)	3	(3)	4
Currency/Interest Rate | Interest Expense | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Interest Credited to Policyholders’ Account Balances | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Policyholders’ Benefits | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Change in AOCI | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Cash flow hedges | Realized Investment Gains (Losses) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	13	44	48	49
Currency/Interest Rate | Cash flow hedges | Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Cash flow hedges | Net Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	80	68	163	137
Currency/Interest Rate | Cash flow hedges | Other Income (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(66)	391	(146)	471
Currency/Interest Rate | Cash flow hedges | Interest Expense | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Cash flow hedges | Interest Credited to Policyholders’ Account Balances | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Cash flow hedges | Policyholders’ Benefits | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Cash flow hedges | Change in AOCI | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(233)	1,253	(511)	1,417
Currency/Interest Rate | Net investment hedges | Realized Investment Gains (Losses) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Net investment hedges | Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Net investment hedges | Net Investment Income | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Net investment hedges | Other Income (Loss) | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Net investment hedges | Interest Expense | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Net investment hedges | Interest Credited to Policyholders’ Account Balances | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Net investment hedges | Policyholders’ Benefits | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Currency/Interest Rate | Net investment hedges | Change in AOCI | Derivatives Designated as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Credit | Realized Investment Gains (Losses) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	38	(126)	85	(163)
Credit | Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Credit | Net Investment Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Credit | Other Income (Loss) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Credit | Interest Expense | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Credit | Interest Credited to Policyholders’ Account Balances | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Credit | Policyholders’ Benefits | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Credit | Change in AOCI | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Equity | Realized Investment Gains (Losses) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	961	22	1,150	133
Equity | Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(440)	1,156	(678)	1,521
Equity | Net Investment Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Equity | Other Income (Loss) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Equity | Interest Expense | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Equity | Interest Credited to Policyholders’ Account Balances | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Equity | Policyholders’ Benefits | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Equity | Change in AOCI | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Other | Realized Investment Gains (Losses) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	1	0	2
Other | Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Other | Net Investment Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Other | Other Income (Loss) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Other | Interest Expense | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Other | Interest Credited to Policyholders’ Account Balances | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Other | Policyholders’ Benefits | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Other | Change in AOCI | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Embedded Derivatives | Realized Investment Gains (Losses) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	(970)	48	(1,215)	311
Embedded Derivatives | Change in Value of Market Risk Benefits, Net of Related Hedging Gain (Loss) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Embedded Derivatives | Net Investment Income | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Embedded Derivatives | Other Income (Loss) | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Embedded Derivatives | Interest Expense | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Embedded Derivatives | Interest Credited to Policyholders’ Account Balances | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Embedded Derivatives | Policyholders’ Benefits | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	0	0	0	0
Embedded Derivatives | Change in AOCI | Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Gain (Loss) Recognized In Income Net	$ 0	$ 0	$ 0	$ 0

Derivative Instruments (Current

Derivative Instruments (Current Period Cash Flow Hedges in AOCI (loss) before Taxes) (Details) - Cash flow hedges in AOCI $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Balance, beginning	$ 2,616
Total amount recorded in AOCI	(475)
Amount reclassified from AOCI to income	(44)
Balance, ending	2,097
Interest Rate
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Total amount recorded in AOCI	3
Amount reclassified from AOCI to income	29
Currency
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Total amount recorded in AOCI	(32)
Amount reclassified from AOCI to income	(8)
Currency/Interest Rate
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Total amount recorded in AOCI	(446)
Amount reclassified from AOCI to income	$ (65)

Derivative Instruments Derivati

Derivative Instruments Derivative Instruments (Credit Derivatives) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Derivative [Line Items]
Gross Notional	$ 4,815	$ 6,027
Credit Risk Derivative Liabilities, at Fair Value	20	(31)
Single Name
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
Credit Default Index
Derivative [Line Items]
Gross Notional	4,815	6,027
Credit Risk Derivative Liabilities, at Fair Value	$ 20	(31)
Credit Default Swaps Referencing Indices
Derivative [Line Items]
Credit derivatives written max length of maturities (in years)	24 years
NAIC 1
Derivative [Line Items]
Gross Notional	$ 28	48
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 1 | Single Name
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 1 | Credit Default Index
Derivative [Line Items]
Gross Notional	28	48
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 2
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 2 | Single Name
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 2 | Credit Default Index
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 3
Derivative [Line Items]
Gross Notional	4,330	5,197
Credit Risk Derivative Liabilities, at Fair Value	5	(46)
NAIC 3 | Single Name
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 3 | Credit Default Index
Derivative [Line Items]
Gross Notional	4,330	5,197
Credit Risk Derivative Liabilities, at Fair Value	5	(46)
NAIC 4
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 4 | Single Name
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 4 | Credit Default Index
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 5
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 5 | Single Name
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 5 | Credit Default Index
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 6
Derivative [Line Items]
Gross Notional	457	782
Credit Risk Derivative Liabilities, at Fair Value	15	15
NAIC 6 | Single Name
Derivative [Line Items]
Gross Notional	0	0
Credit Risk Derivative Liabilities, at Fair Value	0	0
NAIC 6 | Credit Default Index
Derivative [Line Items]
Gross Notional	457	782
Credit Risk Derivative Liabilities, at Fair Value	$ 15	$ 15

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities (Balances of Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Millions		Jun. 30, 2023	Dec. 31, 2022		Jun. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value	[1]	$ 312,230	$ 307,719
Assets supporting experience-rated contractholder liabilities		3,019	2,844
Market risk benefit assets		1,951	800	[2]	$ 869
Fixed maturities, trading	[1]	6,349	5,951
Equity securities	[1]	8,359	7,150
Commercial mortgage and other loans	[1]	57,689	56,745
Other invested assets	[1]	21,473	21,099
Other assets	[1]	29,691	31,679	[2]
Separate account assets		200,871	197,679
TOTAL ASSETS		697,304	689,029
Market risk benefit liabilities		5,462	5,864	[2]	$ 7,293
Other liabilities	[1]	21,721	21,824	[2]
Total liabilities		667,849	657,481
Netting		(14,939)	(14,802)
Fixed Maturities, available-for-sale, Amortized Cost		333,311	335,447
Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		312,230	307,719
Assets supporting experience-rated contractholder liabilities		925	945
Fixed Maturities, available-for-sale, Amortized Cost		333,311	335,447
U.S. Treasury securities and obligations of U.S. government authorities and agencies | Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		24,542	26,069
Fixed Maturities, available-for-sale, Amortized Cost		27,215	29,372
Obligations of U.S. states and their political subdivisions | Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		9,886	9,689
Fixed Maturities, available-for-sale, Amortized Cost		10,205	10,179
Foreign government bonds | Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		72,208	73,226
Assets supporting experience-rated contractholder liabilities		640	668
Fixed Maturities, available-for-sale, Amortized Cost		70,205	74,103
U.S. public corporate securities | Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		93,140	87,586
Fixed Maturities, available-for-sale, Amortized Cost		103,794	99,854
U.S. private corporate securities | Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		37,673	36,879
Fixed Maturities, available-for-sale, Amortized Cost		40,327	39,867
Foreign public corporate securities | Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		20,037	20,687
Fixed Maturities, available-for-sale, Amortized Cost		21,345	22,235
Foreign private corporate securities | Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		29,009	27,660
Fixed Maturities, available-for-sale, Amortized Cost		33,390	32,755
Corporate securities | Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		79	88
Asset-backed securities | Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		13,312	12,851
Fixed Maturities, available-for-sale, Amortized Cost		13,301	12,972
Commercial mortgage-backed securities | Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		10,125	10,655
Fixed Maturities, available-for-sale, Amortized Cost		11,029	11,497
Residential mortgage-backed securities | Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		2,298	2,417
Fixed Maturities, available-for-sale, Amortized Cost		2,500	2,613
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		312,230	307,719
Assets supporting experience-rated contractholder liabilities		3,019	2,844
Market risk benefit assets		1,951	800
Fixed maturities, trading		6,349	5,951
Equity securities		8,359	7,150
Commercial mortgage and other loans		323	137
Other invested assets		2,111	1,993
Short-term investments		4,048	3,787
Cash equivalents		7,377	7,474
Other assets		611	152
Separate account assets		171,677	171,805
TOTAL ASSETS		518,055	509,812
Market risk benefit liabilities		5,462	5,864
Policyholders' account balances		5,629	3,492
Other liabilities		3,019	2,682
Total liabilities		14,110	12,038
Assets Netting		(14,939)	(14,802)
Liabilities Netting		(24,178)	(23,298)
Netting		(9,239)	(8,496)
Fair Value, Measurements, Recurring | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Netting		(14,939)	(14,802)
Fair Value, Measurements, Recurring | Other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities Netting		(24,178)	(23,298)
Fair Value, Measurements, Recurring | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		24,542	26,069
Assets supporting experience-rated contractholder liabilities		206	189
Fair Value, Measurements, Recurring | Obligations of U.S. states and their political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		9,886	9,689
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		72,208	73,226
Assets supporting experience-rated contractholder liabilities		640	668
Fair Value, Measurements, Recurring | U.S. public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		93,140	87,586
Fair Value, Measurements, Recurring | U.S. private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		37,673	36,879
Fair Value, Measurements, Recurring | Foreign public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		20,037	20,687
Fair Value, Measurements, Recurring | Foreign private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		29,009	27,660
Fair Value, Measurements, Recurring | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		79	88
Fair Value, Measurements, Recurring | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		13,312	12,851
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		10,125	10,655
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		2,298	2,417
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		2,094	1,899
Fair Value, Measurements, Recurring | All other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		0	0
Assets supporting experience-rated contractholder liabilities		891	780
Market risk benefit assets		0	0
Fixed maturities, trading		0	0
Equity securities		4,686	4,338
Commercial mortgage and other loans		0	0
Other invested assets		162	15
Short-term investments		473	341
Cash equivalents		1,430	544
Other assets		0	0
Separate account assets		9,035	8,310
TOTAL ASSETS		16,677	14,328
Market risk benefit liabilities		0	0
Policyholders' account balances		0	0
Other liabilities		10	26
Total liabilities		10	26
Fair Value, Measurements, Recurring | Level 1 | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		0	0
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 1 | Obligations of U.S. states and their political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		0	0
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		0	0
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 1 | U.S. public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		0	0
Fair Value, Measurements, Recurring | Level 1 | U.S. private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		0	0
Fair Value, Measurements, Recurring | Level 1 | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 1 | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		0	0
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 1 | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		0	0
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 1 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		0	0
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 1 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		891	780
Fair Value, Measurements, Recurring | Level 1 | All other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		306,490	302,557
Assets supporting experience-rated contractholder liabilities		2,128	2,064
Market risk benefit assets		0	0
Fixed maturities, trading		6,047	5,647
Equity securities		2,900	2,185
Commercial mortgage and other loans		323	137
Other invested assets		16,023	16,241
Short-term investments		3,550	3,428
Cash equivalents		5,947	6,930
Other assets		382	0
Separate account assets		161,467	162,414
TOTAL ASSETS		505,257	501,603
Market risk benefit liabilities		0	0
Policyholders' account balances		0	0
Other liabilities		27,186	25,953
Total liabilities		27,186	25,953
Fair Value, Measurements, Recurring | Level 2 | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		24,542	26,069
Assets supporting experience-rated contractholder liabilities		206	189
Fair Value, Measurements, Recurring | Level 2 | Obligations of U.S. states and their political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		9,879	9,682
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 2 | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		72,200	73,218
Assets supporting experience-rated contractholder liabilities		640	668
Fair Value, Measurements, Recurring | Level 2 | U.S. public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		93,077	87,521
Fair Value, Measurements, Recurring | Level 2 | U.S. private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		35,003	34,487
Fair Value, Measurements, Recurring | Level 2 | Foreign public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		19,969	20,621
Fair Value, Measurements, Recurring | Level 2 | Foreign private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		27,349	26,325
Fair Value, Measurements, Recurring | Level 2 | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		79	88
Fair Value, Measurements, Recurring | Level 2 | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		13,025	12,582
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 2 | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		9,157	9,644
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 2 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		2,289	2,408
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 2 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		1,203	1,119
Fair Value, Measurements, Recurring | Level 2 | All other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		5,740	5,162
Assets supporting experience-rated contractholder liabilities		0	0
Market risk benefit assets		1,951	800
Fixed maturities, trading		302	304
Equity securities		773	627
Commercial mortgage and other loans		0	0
Other invested assets		865	539
Short-term investments		25	18
Cash equivalents		0	0
Other assets		229	152
Separate account assets		1,175	1,081
TOTAL ASSETS		11,060	8,683
Market risk benefit liabilities		5,462	5,864
Policyholders' account balances		5,629	3,492
Other liabilities		1	1
Total liabilities		11,092	9,357
Fair Value, Measurements, Recurring | Level 3 | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		0	0
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 3 | Obligations of U.S. states and their political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		7	7
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 3 | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		8	8
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 3 | U.S. public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		63	65
Fair Value, Measurements, Recurring | Level 3 | U.S. private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		2,670	2,392
Fair Value, Measurements, Recurring | Level 3 | Foreign public corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		68	66
Fair Value, Measurements, Recurring | Level 3 | Foreign private corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		1,660	1,335
Fair Value, Measurements, Recurring | Level 3 | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 3 | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		287	269
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 3 | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		968	1,011
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 3 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		9	9
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 3 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		0	0
Fair Value, Measurements, Recurring | Level 3 | All other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets supporting experience-rated contractholder liabilities		0	0
Prudential Netting Agreement | U.S. private corporate securities | Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale, at fair value		8,290	8,040
Fixed Maturities, available-for-sale, Amortized Cost		8,290	8,040
Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value investment measured at NAV per share		3,791	3,689
Separate account assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value investment measured at NAV per share		$ 29,194	$ 25,874
[1]See Note 4 for details of balances associated with variable interest entities.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities (Quantitative Info for Level 3 Inputs) (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022		Jun. 30, 2022
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Market risk benefit assets	$ 1,951	$ 800	[1]	$ 869
Market risk benefit liabilities	5,462	5,864	[1]	$ 7,293
Fair Value, Measurements, Recurring
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Market risk benefit assets	1,951	800
Market risk benefit liabilities	5,462	5,864
Policyholders' account balances	5,629	3,492
Level 3
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Funds held under reinsurance agreements	$ 10,000
Level 3 | Minimum
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair value inputs, policyholder age	50 years
Level 3 | Minimum | Market risk benefit liabilities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Mortality rate	0%
Level 3 | Maximum
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair value inputs, policyholder age	90 years
Level 3 | Fair Value, Measurements, Recurring
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Market risk benefit assets	$ 1,951	800
Market risk benefit liabilities	5,462	5,864
Policyholders' account balances	$ 5,629	$ 3,492
Level 3 | Internal | Minimum | Discounted cash flow | Market risk benefit liabilities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	1%	1%
Spread over SOFR	0.57%	0.50%
Utilization rate	38%	38%
Withdrawal rate (greater than maximum range)	81%	77%
Mortality rate	0%	0%
Equity volatility curve	15%	18%
Level 3 | Internal | Minimum | Discounted cash flow | Policyholders’ account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	1%	1%
Spread over SOFR	0.57%	0.17%
Mortality rate	0%	0%
Equity volatility curve	6%	6%
Option budget	(1.00%)	(2.00%)
Level 3 | Internal | Minimum | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	0.45%	0.61%
Level 3 | Internal | Minimum | Discounted cash flow | Commercial mortgage-backed securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidity premium	0.60%
Level 3 | Internal | Minimum | Discounted cash flow | Market risk benefit assets
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	1%	1%
Spread over SOFR	0.57%	0.50%
Utilization rate	38%	38%
Withdrawal rate (greater than maximum range)	81%	77%
Mortality rate	0%	0%
Equity volatility curve	15%	18%
Level 3 | Internal | Minimum | Discounted cash flow | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	0.16%	0.16%
Level 3 | Internal | Minimum | Discounted cash flow | Separate accounts commercial mortgage loan
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Spread		1.25%
Level 3 | Internal | Minimum | Market comparables | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	1.3	2.2
Level 3 | Internal | Minimum | Market comparables | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	1	1
Level 3 | Internal | Minimum | Liquidation | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	8.98%	8.16%
Level 3 | Internal | Minimum | Net asset value | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Share price	1	6
Level 3 | Internal | Maximum | Discounted cash flow | Market risk benefit liabilities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	20%	20%
Spread over SOFR	2.26%	2.20%
Utilization rate	95%	95%
Withdrawal rate (greater than maximum range)	100%	100%
Mortality rate	15%	15%
Equity volatility curve	25%	26%
Level 3 | Internal | Maximum | Discounted cash flow | Policyholders’ account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	80%	80%
Spread over SOFR	2.32%	1.93%
Mortality rate	23%	23%
Equity volatility curve	27%	30%
Option budget	6%	6%
Level 3 | Internal | Maximum | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	20%	20%
Level 3 | Internal | Maximum | Discounted cash flow | Commercial mortgage-backed securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidity premium	0.75%
Level 3 | Internal | Maximum | Discounted cash flow | Market risk benefit assets
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	20%	20%
Spread over SOFR	2.26%	2.20%
Utilization rate	95%	95%
Withdrawal rate (greater than maximum range)	100%	100%
Mortality rate	15%	15%
Equity volatility curve	25%	26%
Level 3 | Internal | Maximum | Discounted cash flow | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	20%	20%
Level 3 | Internal | Maximum | Discounted cash flow | Separate accounts commercial mortgage loan
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Spread		2.10%
Level 3 | Internal | Maximum | Market comparables | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	1.7	23.5
Level 3 | Internal | Maximum | Market comparables | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	7.5	7.5
Level 3 | Internal | Maximum | Liquidation | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	64.71%	8.25%
Level 3 | Internal | Maximum | Net asset value | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Share price	1,714	1,708
Level 3 | Internal | Weighted Average | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate	8.32%	8.09%
Level 3 | Internal | Weighted Average | Discounted cash flow | Commercial mortgage-backed securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidity premium	0.70%
Level 3 | Internal | Weighted Average | Discounted cash flow | Separate accounts commercial mortgage loan
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Spread		1.44%
Level 3 | Internal | Weighted Average | Market comparables | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	1.5	8.3
Level 3 | Internal | Weighted Average | Market comparables | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
EBITDA multiples	5.9	4
Level 3 | Internal | Weighted Average | Liquidation | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	57.36%	8.21%
Level 3 | Internal | Weighted Average | Net asset value | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Share price	525	22
Level 3 | Internal | Fair Value, Measurements, Recurring | Market risk benefit liabilities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Market risk benefit liabilities	$ 5,462	$ 5,864
Level 3 | Internal | Fair Value, Measurements, Recurring | Policyholders’ account balances
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Policyholders' account balances	5,629	3,492
Level 3 | Internal | Fair Value, Measurements, Recurring | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Corporate securities	3,706	3,128
Level 3 | Internal | Fair Value, Measurements, Recurring | Commercial mortgage-backed securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Commercial mortgage-backed securities	968
Level 3 | Internal | Fair Value, Measurements, Recurring | Market risk benefit assets
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Market risk benefit assets	1,951	800
Level 3 | Internal | Fair Value, Measurements, Recurring | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Equity securities	$ 251	290
Level 3 | Internal | Fair Value, Measurements, Recurring | Separate accounts commercial mortgage loan
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Commercial mortgage loans		$ 74
Level 3 | Internal | Fair Value, Measurements, Recurring | Minimum | Discounted cash flow | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate, equity securities	10%
Level 3 | Internal | Fair Value, Measurements, Recurring | Maximum | Discounted cash flow | Equity securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount rate, equity securities	20%
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Fair Value of Assets and Liab_5

Fair Value of Assets and Liabilities (Changes in Level 3 Assets and Liabilities) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Unrealized gains (losses) for assets/liabilities still held:
Market risk benefit assets	$ 1,951	$ 869	$ 1,951	$ 869	$ 800	[1]
Market risk benefit liabilities	5,462	7,293	5,462	7,293	5,864	[1]
Fair Value, Measurements, Recurring
Unrealized gains (losses) for assets/liabilities still held:
Market risk benefit assets	1,951		1,951		800
Market risk benefit liabilities	5,462		5,462		$ 5,864
Equity securities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	801	772	627	799
Purchases	2	20	9	31
Sales	(8)	(23)	(67)	(145)
Issuances	0	0	0	0
Settlements	0	(2)	(6)	(4)
Other	1	(7)	216	(16)
Transfers into Level 3	0	0	1	73
Transfers out of Level 3	0	0	(1)	0
Fair Value, end of period	773	766	773	766
Total gains (losses) (realized/unrealized):
Included in earnings	(23)	6	(6)	28
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(10)	1	(10)	5
Equity securities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(1)	0	(1)	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Equity securities | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	(22)	6	(5)	28
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(10)	1	(10)	5
Equity securities | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Equity securities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Equity securities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Other invested assets
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	803	504	539	493
Purchases	84	16	354	37
Sales	(2)	(21)	(9)	(38)
Issuances	0	0	0	0
Settlements	0	(2)	0	(2)
Other	0	(1)	0	(1)
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	865	499	865	499
Total gains (losses) (realized/unrealized):
Included in earnings	(20)	3	(19)	10
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(20)	3	(18)	10
Other invested assets | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(1)	(2)	(1)	(5)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(1)	(2)	(1)	(5)
Other invested assets | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	(19)	5	(18)	15
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(19)	5	(17)	15
Other invested assets | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Other invested assets | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Other invested assets | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Short-term investments
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	16	213	18	330
Purchases	28	3	31	4
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(20)	(12)	(27)	(130)
Other	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	25	204	25	204
Total gains (losses) (realized/unrealized):
Included in earnings	1	0	3	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Short-term investments | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	2	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Short-term investments | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Short-term investments | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Short-term investments | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Short-term investments | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	1	0	1	0
Cash equivalents
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	2	0	70
Purchases	0	0	0	7
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	(73)
Other	0	(3)	0	(3)
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	0	0	0	0
Total gains (losses) (realized/unrealized):
Included in earnings	0	1	0	(1)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	(2)
Cash equivalents | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	1	0	(1)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	(2)
Cash equivalents | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Cash equivalents | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Cash equivalents | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Cash equivalents | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Other assets
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	167	139	152	54
Purchases	39	(4)	74	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(3)	(1)	(5)	(3)
Other	0	1	0	77
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	229	202	229	202
Total gains (losses) (realized/unrealized):
Included in earnings	26	67	8	74
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	20	1	3	10
Other assets | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	26	0	8	7
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	20	1	3	10
Other assets | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Other assets | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Other assets | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	67	0	67
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Other assets | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Separate accounts assets
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	1,169	1,254	1,081	1,283
Purchases	166	12	309	44
Sales	(130)	(5)	(197)	(16)
Issuances	0	0	0	0
Settlements	(40)	(4)	(66)	(7)
Other	0	0	0	(1)
Transfers into Level 3	3	0	3	0
Transfers out of Level 3	(42)	(71)	(43)	(71)
Fair Value, end of period	1,175	1,040	1,175	1,040
Total gains (losses) (realized/unrealized):
Included in earnings	49	(146)	88	(192)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	50	(129)	87	(189)
Separate accounts assets | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Separate accounts assets | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Separate accounts assets | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	49	(145)	88	(192)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	50	(129)	87	(189)
Separate accounts assets | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Separate accounts assets | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	(1)	0	0
Policyholders’ account balances
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(4,244)	(1,402)	(3,492)	(1,436)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	(438)	(251)	(839)	(384)
Settlements	0	0	0	0
Other	73	(2,004)	(27)	(2,004)
Transfers Into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	(5,629)	(3,544)	(5,629)	(3,544)
Total gains (losses) (realized/unrealized):
Included in earnings	(1,020)	113	(1,271)	280
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(153)	532	(262)	767
Policyholders’ account balances | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(1,020)	113	(1,271)	280
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(153)	532	(262)	767
Policyholders’ account balances | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Policyholders’ account balances | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Policyholders’ account balances | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Policyholders’ account balances | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Other liabilities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(1)	0	(1)	0
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Other	0	0	0	0
Transfers Into Level 3	0	(1)	0	(1)
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	(1)	(1)	(1)	(1)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Other liabilities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Other liabilities | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Other liabilities | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Other liabilities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Other liabilities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Fixed maturities, available-for-sale | Fixed maturities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(13)	8	(16)	(68)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(10)	(3)	(3)	(82)
Fixed maturities, available-for-sale | Fixed maturities | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Fixed maturities, available-for-sale | Fixed maturities | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Fixed maturities, available-for-sale | Fixed maturities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	43	(225)	19	(678)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	26	(226)	5	(666)
Fixed maturities, available-for-sale | Fixed maturities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	2	(2)	3	0
Fixed maturities, available-for-sale | Fixed maturities | U.S. states
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	7	8	7	8
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Other	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	7	7	7	7
Total gains (losses) (realized/unrealized):
Included in earnings	0	(1)	0	(1)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	(1)	0	(1)
Fixed maturities, available-for-sale | Fixed maturities | Foreign government bonds
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	9	10	8	10
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(1)	0	0	0
Other	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	8	9	8	9
Total gains (losses) (realized/unrealized):
Included in earnings	0	(1)	0	(1)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	(1)
Fixed maturities, available-for-sale | Fixed maturities | Corporate securities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	3,941	5,005	3,858	5,316
Purchases	737	556	1,264	800
Sales	(47)	(59)	(175)	(83)
Issuances	0	9	0	9
Settlements	(177)	(318)	(500)	(465)
Other	(18)	(17)	(20)	(27)
Transfers into Level 3	18	8	18	16
Transfers out of Level 3	(19)	(1,561)	(19)	(1,561)
Fair Value, end of period	4,461	3,539	4,461	3,539
Total gains (losses) (realized/unrealized):
Included in earnings	26	(84)	35	(466)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	18	(95)	39	(467)
Fixed maturities, available-for-sale | Fixed maturities | Structured securities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	1,438	1,752	1,289	1,986
Purchases	(1)	116	239	201
Sales	(4)	(5)	(5)	(22)
Issuances	0	0	0	0
Settlements	(13)	(201)	(25)	(221)
Other	0	(6)	0	(9)
Transfers into Level 3	0	0	37	6
Transfers out of Level 3	(162)	(41)	(242)	(181)
Fair Value, end of period	1,264	1,482	1,264	1,482
Total gains (losses) (realized/unrealized):
Included in earnings	6	(133)	(29)	(278)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(1)	(133)	(37)	(279)
Fixed maturities, trading | Fixed maturities
Fair Value, Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	339	378	304	421
Purchases	33	23	66	33
Sales	0	(1)	0	(30)
Issuances	0	0	0	0
Settlements	(9)	(24)	(13)	(40)
Other	0	2	1	6
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	(59)	(15)	(59)	(15)
Fair Value, end of period	302	347	302	347
Total gains (losses) (realized/unrealized):
Included in earnings	(2)	(16)	3	(28)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(3)	(17)	1	(29)
Fixed maturities, trading | Fixed maturities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Fixed maturities, trading | Fixed maturities | Other income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	(2)	(18)	2	(30)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(3)	(17)	1	(29)
Fixed maturities, trading | Fixed maturities | Interest credited to policyholders’ account balances
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Fixed maturities, trading | Fixed maturities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0	0	0
Fixed maturities, trading | Fixed maturities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	$ 0	$ 2	$ 1	$ 2
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Fair Value of Assets and Liab_6

Fair Value of Assets and Liabilities (Derivative Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	$ 1,248	$ 1,455
Netting	(14,939)	(14,802)
Total derivative liabilities	3,065	3,055
Netting	(24,178)	(23,298)
Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	8,879	9,422
Total derivative liabilities	22,252	21,831
Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	2,341	1,711
Total derivative liabilities	2,669	2,186
Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	35	27
Total derivative liabilities	21	57
Currency/Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	3,562	4,282
Total derivative liabilities	541	503
Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	1,370	815
Total derivative liabilities	1,760	1,776
Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	162	14
Total derivative liabilities	10	26
Level 1 | Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	66	13
Total derivative liabilities	9	24
Level 1 | Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 1 | Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 1 | Currency/Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 1 | Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	96	1
Total derivative liabilities	1	2
Level 1 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	16,024	16,242
Total derivative liabilities	27,232	26,326
Level 2 | Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	8,812	9,408
Total derivative liabilities	22,242	21,806
Level 2 | Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	2,341	1,711
Total derivative liabilities	2,669	2,186
Level 2 | Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	35	27
Total derivative liabilities	21	57
Level 2 | Currency/Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	3,562	4,282
Total derivative liabilities	541	503
Level 2 | Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	1,274	814
Total derivative liabilities	1,759	1,774
Level 2 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	1	1
Total derivative liabilities	1	1
Level 3 | Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	1	1
Total derivative liabilities	1	1
Level 3 | Currency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 3 | Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 3 | Currency/Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 3 | Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Level 3 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	$ 0	$ 0

Fair Value of Assets and Liab_7

Fair Value of Assets and Liabilities (Changes in Level 3 Derivative Assets and Liabilities) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net Derivative- Equity
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Fair Value, beginning of period	$ 0	$ 2	$ 0	$ 1
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	1
Purchases	0	0	0	0
Sales	0	(2)	0	(2)
Issuances	0	0	0	0
Settlements	0	0	0	0
Other	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	0	0	0	0
Unrealized Gain (Loss) for assets still held
Included in earnings	0	0	0	1
Net Derivative- Interest Rate
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Fair Value, beginning of period	0	1	0	1
Total gains (losses) (realized/unrealized):
Included in earnings	0	0	0	0
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Other	0	0	0	0
Transfers into Level 3	0	(1)	0	(1)
Transfers out of Level 3	0	0	0	0
Fair Value, end of period	0	0	0	0
Unrealized Gain (Loss) for assets still held
Included in earnings	$ 0	$ 0	$ 0	$ 0

Fair Value of Assets and Liab_8

Fair Value of Assets and Liabilities (Nonrecurring Fair Value Measurements) (Details) - Fair Value, Measurements, Nonrecurring - Level 3 - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Mortgage servicing rights
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized investment gains (losses) net	$ 0	$ (1)	$ 0	$ 2
Carrying value after measurement as of period end	0		0		$ 77
Investment real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized investment gains (losses) net	(17)	(5)	(17)	(6)
Carrying value after measurement as of period end	114		114		112
Investment in JV/LP
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized investment gains (losses) net	(37)	$ (75)	(54)	$ (75)
Carrying value after measurement as of period end	71		71		64
Goodwill
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value after measurement as of period end	$ 0		$ 0		$ 177

Fair Value of Assets and Liab_9

Fair Value of Assets and Liabilities (Changes in Fair Values Recorded in Earnings for FVO Assets-Liabilities) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Fair Value, Option, Quantitative Disclosures [Line Items]
Commercial mortgage and other loans	[1]	$ 57,689		$ 57,689		$ 56,745
Other assets	[1]	29,691		29,691		31,679	[2]
Commercial mortgage and other loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Interest income		3	$ 2	4	$ 6
Fair value option loans in non-accrual status		0		0
Fair value option loans in more than 90 days past due and still accruing		0		0
Fair value option
Fair Value, Option, Quantitative Disclosures [Line Items]
Commercial mortgage and other loans		323		323		137
Other assets		11		11		11
Fair value option, aggregate contractual principal
Fair Value, Option, Quantitative Disclosures [Line Items]
Commercial mortgage and other loans		$ 319		$ 319		$ 136
[1]See Note 4 for details of balances associated with variable interest entities.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Fair Value of Assets and Lia_10

Fair Value of Assets and Liabilities (Financial Instruments where Carrying Amounts and Fair Values May Differ) (Details) - USD ($) $ in Millions		Jun. 30, 2023		Dec. 31, 2022		Jun. 30, 2022
Assets:
Fixed maturities, held-to-maturity	[1]	$ 1,171		$ 1,296
Assets supporting experience-rated contractholder liabilities		3,019		2,844
Commercial mortgage and other loans	[1]	57,689		56,745
Policy loans		9,983		10,046
Other invested assets	[1]	21,473		21,099
Cash and cash equivalents		14,652	[1]	17,251	[1]	$ 14,359
Accrued investment income	[1]	3,142		3,012
Liabilities:
Securities sold under agreements to repurchase		6,097		6,589
Cash collateral for loaned securities		5,207		6,100
Short-term debt		763		775
Long-term debt		18,876		19,908
Fair Value
Assets:
Fixed maturities, held-to-maturity		1,329		1,455
Assets supporting experience-rated contractholder liabilities		0		0
Commercial mortgage and other loans		53,102		52,342
Policy loans		9,983		10,046
Other invested assets		97		102
Short-term investments		1,011		804
Cash and cash equivalents		7,275		9,777
Accrued investment income		3,142		3,012
Other assets		3,893		3,731
Total assets		79,832		81,269
Liabilities:
Policyholders’ account balances—investment contracts		65,478		66,602
Securities sold under agreements to repurchase		6,097		6,589
Cash collateral for loaned securities		5,207		6,100
Short-term debt		763		777
Long-term debt		17,742		18,664
Notes issued by consolidated VIEs		402		374
Other liabilities		7,290		7,981
Separate account liabilities—investment contracts		50,310		53,005
Total liabilities		153,289		160,092
Carrying Amount
Assets:
Fixed maturities, held-to-maturity		1,171		1,296
Assets supporting experience-rated contractholder liabilities		0		0
Commercial mortgage and other loans		57,366		56,608
Policy loans		9,983		10,046
Other invested assets		97		102
Short-term investments		1,011		804
Cash and cash equivalents		7,275		9,777
Accrued investment income		3,142		3,012
Other assets		3,892		3,731
Total assets		83,937		85,376
Liabilities:
Policyholders’ account balances—investment contracts		69,576		70,722
Securities sold under agreements to repurchase		6,097		6,589
Cash collateral for loaned securities		5,207		6,100
Short-term debt		763		775
Long-term debt		18,876		19,908
Notes issued by consolidated VIEs		402		374
Other liabilities		7,290		7,981
Separate account liabilities—investment contracts		50,310		53,005
Total liabilities		158,521		165,454
Level 1 | Fair Value
Assets:
Fixed maturities, held-to-maturity		0		0
Assets supporting experience-rated contractholder liabilities		0		0
Commercial mortgage and other loans		0		0
Policy loans		7		5
Other invested assets		0		0
Short-term investments		995		715
Cash and cash equivalents		7,250		9,388
Accrued investment income		0		0
Other assets		43		48
Total assets		8,295		10,156
Liabilities:
Policyholders’ account balances—investment contracts		0		0
Securities sold under agreements to repurchase		0		0
Cash collateral for loaned securities		0		0
Short-term debt		0		0
Long-term debt		564		550
Notes issued by consolidated VIEs		0		0
Other liabilities		0		0
Separate account liabilities—investment contracts		0		0
Total liabilities		564		550
Level 2 | Fair Value
Assets:
Fixed maturities, held-to-maturity		1,329		1,455
Assets supporting experience-rated contractholder liabilities		0		0
Commercial mortgage and other loans		43		46
Policy loans		0		0
Other invested assets		97		102
Short-term investments		16		89
Cash and cash equivalents		25		389
Accrued investment income		3,142		3,012
Other assets		2,623		2,929
Total assets		7,275		8,022
Liabilities:
Policyholders’ account balances—investment contracts		31,330		31,665
Securities sold under agreements to repurchase		6,097		6,589
Cash collateral for loaned securities		5,207		6,100
Short-term debt		667		613
Long-term debt		16,423		17,324
Notes issued by consolidated VIEs		0		0
Other liabilities		7,273		7,970
Separate account liabilities—investment contracts		26,626		27,735
Total liabilities		93,623		97,996
Level 3 | Fair Value
Assets:
Fixed maturities, held-to-maturity		0		0
Assets supporting experience-rated contractholder liabilities		0		0
Commercial mortgage and other loans		53,059		52,296
Policy loans		9,976		10,041
Other invested assets		0		0
Short-term investments		0		0
Cash and cash equivalents		0		0
Accrued investment income		0		0
Other assets		1,227		754
Total assets		64,262		63,091
Liabilities:
Policyholders’ account balances—investment contracts		34,148		34,937
Securities sold under agreements to repurchase		0		0
Cash collateral for loaned securities		0		0
Short-term debt		96		164
Long-term debt		755		790
Notes issued by consolidated VIEs		402		374
Other liabilities		17		11
Separate account liabilities—investment contracts		23,684		25,270
Total liabilities		59,102		61,546
Prudential Netting Agreement | Fair Value
Assets:
Fixed maturities, held-to-maturity		4,000		4,250
Liabilities:
Long-term debt		12,290		12,290
Prudential Netting Agreement | Carrying Amount
Assets:
Fixed maturities, held-to-maturity		4,000		4,250
Liabilities:
Long-term debt		$ 12,290		$ 12,290
[1]See Note 4 for details of balances associated with variable interest entities.

Deferred Policy Acquisition C_3

Deferred Policy Acquisition Costs (Balance of and Changes in DAC) (Details) - USD ($) $ in Millions		3 Months Ended			6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022		Jun. 30, 2023	Jun. 30, 2022
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP	[1]				$ 20,546
Amortization expense		$ (366)	$ (358)	[2]	(731)	$ (729)	[3]
Balance, EOP		20,320	20,092		20,320	20,092
Total
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP					20,400	20,743
Capitalization					1,081	1,098
Amortization expense					(733)	(742)
Other adjustments					(384)	(574)
Foreign currency adjustment					(241)	(551)
Balance, EOP		20,123	19,974		20,123	19,974
Other Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, EOP		197	118		197	118
Individual Retirement Strategies
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Business disposition						584
Individual Variable | Retirement Strategies
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP					4,171	4,872
Capitalization					124	159
Amortization expense					(186)	(205)
Other adjustments					(393)	(584)
Foreign currency adjustment					0	0
Balance, EOP		3,716	4,242		3,716	4,242
Term Life | Individual Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP					2,288	2,372
Capitalization					72	66
Amortization expense					(107)	(105)
Other adjustments					0	0
Foreign currency adjustment					0	0
Balance, EOP		2,253	2,333		2,253	2,333
Variable/ Universal Life | Individual Life
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP					5,000	4,679
Capitalization					291	275
Amortization expense					(121)	(119)
Other adjustments					0	0
Foreign currency adjustment					0	0
Balance, EOP		5,170	4,835		5,170	4,835
Life Planner | International Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP					4,710	4,685
Capitalization					300	305
Amortization expense					(163)	(162)
Other adjustments					9	10
Foreign currency adjustment					(124)	(313)
Balance, EOP		4,732	4,525		4,732	4,525
Gibraltar Life and Other | International Businesses
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, BOP					4,231	4,135
Capitalization					294	293
Amortization expense					(156)	(151)
Other adjustments					0	0
Foreign currency adjustment					(117)	(238)
Balance, EOP		$ 4,252	$ 4,039		$ 4,252	$ 4,039
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[3]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Deferred Policy Acquisition C_4

Deferred Policy Acquisition Costs (Balance of and Changes in DSI) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Movement in Deferred Sales Inducements [Roll Forward]
Balance, EOP	$ 462	$ 501
Individual Retirement Strategies
Movement in Deferred Sales Inducements [Roll Forward]
Balance, BOP	446	799
Capitalization	2	1
Amortization expense	(20)	(27)
Other adjustments	0	(308)
Balance, EOP	428	465
Other Businesses
Movement in Deferred Sales Inducements [Roll Forward]
Balance, EOP	$ 34	$ 36

Deferred Policy Acquisition C_5

Deferred Policy Acquisition Costs (Balance of and Changes in VOBA) (Details) - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, BOP	[1]	$ 621
Balance, EOP		542
Gibraltar Life and Other
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, EOP		523
Aoba Life
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, EOP		19
Gibraltar Life and Other
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, BOP		597	$ 746
Amortization expense		(26)	(32)
Foreign currency adjustment		(48)	(106)
Balance, EOP		523	608
Other businesses
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, EOP		19	(18)
Gibraltar Life and Other And Other Businesses
Movement in Present Value of Future Insurance Profits [Roll Forward]
Balance, EOP		$ 542	$ 590
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Deferred Policy Acquisition C_6

Deferred Policy Acquisition Costs (Estimated Future VOBA Amortization, Net of Interest) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	[1]	Jan. 01, 2021
Deferred Charges, Insurers [Abstract]
Estimated future VOBA amortization - 2023 (July-December)	$ 25
Estimated future VOBA amortization - 2024	46
Estimated future VOBA amortization - 2025	42
Estimated future VOBA amortization - 2026	38
Estimated future VOBA amortization - 2027	35
Estimated future VOBA amortization - Thereafter	356
Value of business acquired	$ 542	$ 621		$ 1,163
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Separate Accounts (Separate Acc

Separate Accounts (Separate Account Assets) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Separate Account Investment [Line Items]
Separate account assets	$ 200,871	$ 197,679
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value, Separate Account Investment [Line Items]
Separate account assets	4,942	5,208
Obligations of U.S. states and their political subdivisions
Fair Value, Separate Account Investment [Line Items]
Separate account assets	2,108	2,006
Foreign government bonds
Fair Value, Separate Account Investment [Line Items]
Separate account assets	121	120
U.S. corporate securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	13,042	13,135
Foreign corporate securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	3,229	3,261
Asset-backed securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	1,292	1,131
Mortgage-backed securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	15,023	14,653
Equity
Fair Value, Separate Account Investment [Line Items]
Separate account assets	86,619	82,781
Fixed Income
Fair Value, Separate Account Investment [Line Items]
Separate account assets	37,875	38,109
Other
Fair Value, Separate Account Investment [Line Items]
Separate account assets	5,597	3,797
Equity securities
Fair Value, Separate Account Investment [Line Items]
Separate account assets	5,298	5,177
Commercial mortgage and other loans
Fair Value, Separate Account Investment [Line Items]
Separate account assets	69	74
Other invested assets
Fair Value, Separate Account Investment [Line Items]
Separate account assets	22,478	24,590
Short-term investments
Fair Value, Separate Account Investment [Line Items]
Separate account assets	1,265	1,306
Cash and cash equivalents
Fair Value, Separate Account Investment [Line Items]
Separate account assets	$ 1,913	$ 2,331

Separate Accounts (Separate A_2

Separate Accounts (Separate Account Liabilities) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Separate Account, Liability [Roll Forward]
Separate account liabilities	$ 200,871	$ 205,613	$ 197,679
Cash surrender value	199,158	204,005
Total
Separate Account, Liability [Roll Forward]
Separate account liabilities	203,751	208,734	201,322	$ 281,516
Deposits	4,807	6,350
Investment performance	12,766	(38,621)
Policy charges	(1,896)	(2,308)
Surrenders and withdrawals	(8,144)	(13,440)
Benefit payments	(2,366)	(2,381)
Net transfers (to) from general account	(1,522)	2,316
Other	(1,216)	(24,698)
Other businesses
Separate Account, Liability [Roll Forward]
Separate account liabilities	(2,880)	(3,121)
PGIM
Separate Account, Liability [Roll Forward]
Separate account liabilities	37,227	41,874	40,056	42,020
Deposits	2,928	4,048
Investment performance	(99)	1,080
Policy charges	(42)	(43)
Surrenders and withdrawals	(2,828)	(3,866)
Benefit payments	(1,728)	(1,644)
Net transfers (to) from general account	(351)	(11)
Other	(709)	290
Cash surrender value	37,227	41,874
Institutional Retirement Strategies | Retirement Strategies
Separate Account, Liability [Roll Forward]
Separate account liabilities	11,399	11,811	11,428	14,064
Deposits	175	511
Investment performance	523	(1,948)
Policy charges	(6)	(9)
Surrenders and withdrawals	(226)	(3,056)
Benefit payments	(278)	(298)
Net transfers (to) from general account	(35)	2,809
Other	(182)	(262)
Cash surrender value	11,399	11,811
Individual Retirement Strategies | Retirement Strategies
Separate Account, Liability [Roll Forward]
Separate account liabilities	95,114	98,853	93,395	158,546
Deposits	204	460
Investment performance	7,420	(26,996)
Policy charges	(1,181)	(1,611)
Surrenders and withdrawals	(4,667)	(6,136)
Benefit payments	(56)	(70)
Net transfers (to) from general account	(6)	(256)
Other	5	(25,084)
Cash surrender value	93,745	97,083
Group Insurance
Separate Account, Liability [Roll Forward]
Separate account liabilities	23,747	23,772	23,513	27,097
Deposits	11	63
Investment performance	896	(3,395)
Policy charges	(139)	(144)
Surrenders and withdrawals	(14)	(11)
Benefit payments	(138)	(157)
Net transfers (to) from general account	0	17
Other	(382)	302
Cash surrender value	23,630	23,646
Individual Life
Separate Account, Liability [Roll Forward]
Separate account liabilities	36,264	32,424	$ 32,930	$ 39,789
Deposits	1,489	1,268
Investment performance	4,026	(7,362)
Policy charges	(528)	(501)
Surrenders and withdrawals	(409)	(371)
Benefit payments	(166)	(212)
Net transfers (to) from general account	(1,130)	(243)
Other	52	56
Cash surrender value	$ 33,157	$ 29,591

Liability For Future Policy B_3

Liability For Future Policy Benefits (Benefit Reserves) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Total balance, EOP	$ 125,454	$ 129,565
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance after transition, at current discount rate	314,408	316,396
Balance, EOP, post-flooring	217,065	213,381
Total balance after reinsurance recoverable	187,881	185,928
Other Businesses
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Total balance, EOP	85	109
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance after transition, at current discount rate	1,707	2,043
Less: Reinsurance recoverable	71	81
Total balance after reinsurance recoverable	1,553	1,852
Total
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, BOP	126,474	162,679
Effect of cumulative changes in discount rate assumptions	17,704	(13,705)
Balance at original discount rate	144,178	148,974
Effect of assumption update			$ (949)	$ 1,359
Effect of actual variances from expected experience and other activity			(331)	(539)
Adjusted balance, BOP	142,898	149,794
Issuances	8,239	5,900
Net premiums / considerations collected	(9,843)	(8,552)
Interest accrual	2,256	2,071
Foreign currency adjustment	1,522	(11,835)
Other adjustments	93	113
Balance at original discount rate	145,165	137,491
Effect of cumulative changes in discount rate assumptions	(19,796)	(8,035)
Total balance, EOP	125,369	129,456
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP	306,697	405,579
Effect of cumulative changes in discount rate assumptions	37,383	(57,094)
Balance at original discount rate	344,080	348,485
Effect of assumption update			(744)	1,360
Effect of actual variances from expected experience and other activity			(313)	(634)
Adjusted balance, BOP			343,023	349,211
Issuances	8,239	5,900
Interest accrual	5,708	5,317
Benefit payments	(10,591)	(10,041)
Foreign currency adjustment	(3,700)	(23,013)
Other adjustments	159	(198)
Balance after transition, at original discount rate	342,838	327,176
Effect of cumulative changes in discount rate assumptions	(30,137)	(12,823)
Balance after transition, at current discount rate	312,701	314,353
Balance, EOP, pre-flooring	187,330	184,897
Flooring impact, EOP	20	308
Balance, EOP, post-flooring	187,350	185,205
Less: Reinsurance recoverable	1,022	1,129
Total balance after reinsurance recoverable	186,328	184,076
Interest accrual	5,708	5,317
Term Life | Individual Life
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, BOP	11,282	12,971
Effect of cumulative changes in discount rate assumptions	572	(1,892)
Balance at original discount rate	11,854	11,079
Effect of assumption update			(1)	1,313
Effect of actual variances from expected experience and other activity			(81)	40
Adjusted balance, BOP	11,772	12,432
Issuances	338	204
Net premiums / considerations collected	(711)	(689)
Interest accrual	270	266
Foreign currency adjustment	0	0
Other adjustments	0	(8)
Balance at original discount rate	11,669	12,205
Effect of cumulative changes in discount rate assumptions	(497)	22
Total balance, EOP	11,172	12,227
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP	19,288	22,768
Effect of cumulative changes in discount rate assumptions	1,012	(3,876)
Balance at original discount rate	20,300	18,892
Effect of assumption update			(1)	1,777
Effect of actual variances from expected experience and other activity			(96)	54
Adjusted balance, BOP			20,203	20,723
Issuances	338	204
Interest accrual	472	460
Benefit payments	(779)	(810)
Foreign currency adjustment	0	0
Other adjustments	(13)	(15)
Balance after transition, at original discount rate	20,221	20,562
Effect of cumulative changes in discount rate assumptions	(823)	161
Balance after transition, at current discount rate	19,398	20,723
Balance, EOP, pre-flooring	8,225	8,497
Flooring impact, EOP	0	0
Balance, EOP, post-flooring	8,225	8,497
Less: Reinsurance recoverable	707	782
Total balance after reinsurance recoverable	7,518	7,715
Interest accrual	472	460
Term Life | Individual Life | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Interest accrual	202	194
Undiscounted expected future gross premiums	23,200	23,901
Discounted expected future gross premiums (at original discount rate)	15,427	15,877
Discounted expected future gross premiums (at current discount rate)	14,789	15,911
Undiscounted expected future benefits and expenses	31,195	31,885
Interest accrual	202	194
Gross Premiums	$ 923	$ 947
Weighted-average duration of the liability in years (at original discount rate)	10 years	11 years
Weighted-average duration of the liability in years (at current discount rate)	10 years	10 years
Weighted-average interest rate (at original discount rate)	5.18%	5.25%
Weighted-average interest rate (at current discount rate)	5.28%	4.63%
Life Planner | International Businesses
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, BOP	$ 30,689	$ 39,517
Effect of cumulative changes in discount rate assumptions	1,354	(3,516)
Balance at original discount rate	32,043	36,001
Effect of assumption update			78	(76)
Effect of actual variances from expected experience and other activity			(417)	(719)
Adjusted balance, BOP	31,704	35,206
Issuances	1,253	1,831
Net premiums / considerations collected	(2,106)	(2,277)
Interest accrual	458	487
Foreign currency adjustment	(1,080)	(2,644)
Other adjustments	93	121
Balance at original discount rate	30,322	32,724
Effect of cumulative changes in discount rate assumptions	(594)	(6)
Total balance, EOP	29,728	32,718
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP	78,639	109,562
Effect of cumulative changes in discount rate assumptions	3,719	(21,554)
Balance at original discount rate	82,358	88,008
Effect of assumption update			145	(115)
Effect of actual variances from expected experience and other activity			(381)	(795)
Adjusted balance, BOP			82,122	87,098
Issuances	1,253	1,831
Interest accrual	1,325	1,357
Benefit payments	(1,777)	(1,642)
Foreign currency adjustment	(3,243)	(7,250)
Other adjustments	179	243
Balance after transition, at original discount rate	79,859	81,637
Effect of cumulative changes in discount rate assumptions	715	2,708
Balance after transition, at current discount rate	80,574	84,345
Balance, EOP, pre-flooring	50,846	51,627
Flooring impact, EOP	17	102
Balance, EOP, post-flooring	50,863	51,729
Less: Reinsurance recoverable	104	128
Total balance after reinsurance recoverable	50,759	51,601
Interest accrual	1,325	1,357
Life Planner | International Businesses | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Interest accrual	867	870
Undiscounted expected future gross premiums	70,654	75,418
Discounted expected future gross premiums (at original discount rate)	54,694	58,628
Discounted expected future gross premiums (at current discount rate)	54,132	59,093
Undiscounted expected future benefits and expenses	140,232	148,659
Interest accrual	867	870
Gross Premiums	$ 3,340	$ 3,656
Weighted-average duration of the liability in years (at original discount rate)	20 years	21 years
Weighted-average duration of the liability in years (at current discount rate)	20 years	20 years
Weighted-average interest rate (at original discount rate)	3.45%	3.44%
Weighted-average interest rate (at current discount rate)	2.85%	2.61%
Gibraltar Life and Other | International Businesses
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, BOP	$ 28,951	$ 37,815
Effect of cumulative changes in discount rate assumptions	1,326	(3,239)
Balance at original discount rate	30,277	34,576
Effect of assumption update			(175)	(176)
Effect of actual variances from expected experience and other activity			(332)	(274)
Adjusted balance, BOP	29,770	34,126
Issuances	865	1,429
Net premiums / considerations collected	(1,928)	(2,215)
Interest accrual	402	446
Foreign currency adjustment	(1,214)	(2,545)
Other adjustments	0	0
Balance at original discount rate	27,895	31,241
Effect of cumulative changes in discount rate assumptions	(614)	(23)
Total balance, EOP	27,281	31,218
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP	80,331	114,846
Effect of cumulative changes in discount rate assumptions	11,266	(13,476)
Balance at original discount rate	91,597	101,370
Effect of assumption update			44	(164)
Effect of actual variances from expected experience and other activity			(323)	(235)
Adjusted balance, BOP			91,318	100,971
Issuances	865	1,429
Interest accrual	1,162	1,235
Benefit payments	(2,270)	(2,590)
Foreign currency adjustment	(4,355)	(8,921)
Other adjustments	(11)	(8)
Balance after transition, at original discount rate	86,709	92,116
Effect of cumulative changes in discount rate assumptions	(6,148)	(4,876)
Balance after transition, at current discount rate	80,561	87,240
Balance, EOP, pre-flooring	53,279	56,021
Flooring impact, EOP	2	162
Balance, EOP, post-flooring	53,281	56,183
Less: Reinsurance recoverable	211	219
Total balance after reinsurance recoverable	53,070	55,964
Interest accrual	1,162	1,235
Gibraltar Life and Other | International Businesses | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Interest accrual	760	789
Undiscounted expected future gross premiums	57,912	65,827
Discounted expected future gross premiums (at original discount rate)	46,591	52,470
Discounted expected future gross premiums (at current discount rate)	45,778	52,619
Undiscounted expected future benefits and expenses	142,232	157,157
Interest accrual	760	789
Gross Premiums	$ 3,174	$ 3,631
Weighted-average duration of the liability in years (at original discount rate)	19 years	21 years
Weighted-average duration of the liability in years (at current discount rate)	18 years	18 years
Weighted-average interest rate (at original discount rate)	2.57%	2.52%
Weighted-average interest rate (at current discount rate)	2.75%	2.48%
Long- Term Care | Corporate and Other
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, BOP	$ 2,932	$ 3,585
Effect of cumulative changes in discount rate assumptions	103	(644)
Balance at original discount rate	3,035	2,941
Effect of assumption update			266	49
Effect of actual variances from expected experience and other activity			121	132
Adjusted balance, BOP	3,422	3,122
Issuances	0	0
Net premiums / considerations collected	(154)	(139)
Interest accrual	77	72
Foreign currency adjustment	0	0
Other adjustments	0	0
Balance at original discount rate	3,345	3,055
Effect of cumulative changes in discount rate assumptions	(89)	70
Total balance, EOP	3,256	3,125
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP	10,685	15,810
Effect of cumulative changes in discount rate assumptions	1,216	(4,482)
Balance at original discount rate	11,901	11,328
Effect of assumption update			357	49
Effect of actual variances from expected experience and other activity			136	152
Adjusted balance, BOP			12,394	11,529
Issuances	0	0
Interest accrual	292	273
Benefit payments	(122)	(119)
Foreign currency adjustment	0	0
Other adjustments	0	0
Balance after transition, at original discount rate	12,564	11,683
Effect of cumulative changes in discount rate assumptions	(999)	(178)
Balance after transition, at current discount rate	11,565	11,505
Balance, EOP, pre-flooring	8,309	8,380
Flooring impact, EOP	0	0
Balance, EOP, post-flooring	8,309	8,380
Less: Reinsurance recoverable	0	0
Total balance after reinsurance recoverable	8,309	8,380
Interest accrual	292	273
Long- Term Care | Corporate and Other | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Interest accrual	215	201
Undiscounted expected future gross premiums	6,972	7,122
Discounted expected future gross premiums (at original discount rate)	4,561	4,605
Discounted expected future gross premiums (at current discount rate)	4,444	4,714
Undiscounted expected future benefits and expenses	30,913	29,554
Interest accrual	215	201
Gross Premiums	$ 222	$ 218
Weighted-average duration of the liability in years (at original discount rate)	18 years	19 years
Weighted-average duration of the liability in years (at current discount rate)	18 years	19 years
Weighted-average interest rate (at original discount rate)	4.91%	4.91%
Weighted-average interest rate (at current discount rate)	5.47%	5.02%
Institutional | Retirement Strategies
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, BOP	$ 52,620	$ 68,791
Effect of cumulative changes in discount rate assumptions	14,349	(4,414)
Balance at original discount rate	66,969	64,377
Effect of assumption update			(1,117)	249
Effect of actual variances from expected experience and other activity			378	282
Adjusted balance, BOP	66,230	64,908
Issuances	5,783	2,436
Net premiums / considerations collected	(4,944)	(3,232)
Interest accrual	1,049	800
Foreign currency adjustment	3,816	(6,646)
Other adjustments	0	0
Balance at original discount rate	71,934	58,266
Effect of cumulative changes in discount rate assumptions	(18,002)	(8,098)
Total balance, EOP	53,932	50,168
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP	117,754	142,593
Effect of cumulative changes in discount rate assumptions	20,170	(13,706)
Balance at original discount rate	137,924	128,887
Effect of assumption update			(1,289)	(187)
Effect of actual variances from expected experience and other activity			351	190
Adjusted balance, BOP			$ 136,986	$ 128,890
Issuances	5,783	2,436
Interest accrual	2,457	1,992
Benefit payments	(5,643)	(4,880)
Foreign currency adjustment	3,898	(6,842)
Other adjustments	4	(418)
Balance after transition, at original discount rate	143,485	121,178
Effect of cumulative changes in discount rate assumptions	(22,882)	(10,638)
Balance after transition, at current discount rate	120,603	110,540
Balance, EOP, pre-flooring	66,671	60,372
Flooring impact, EOP	1	44
Balance, EOP, post-flooring	66,672	60,416
Less: Reinsurance recoverable	0	0
Total balance after reinsurance recoverable	66,672	60,416
Interest accrual	2,457	1,992
Institutional | Retirement Strategies | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Interest accrual	1,408	1,192
Undiscounted expected future gross premiums	114,545	87,851
Discounted expected future gross premiums (at original discount rate)	79,109	63,647
Discounted expected future gross premiums (at current discount rate)	59,307	54,888
Undiscounted expected future benefits and expenses	220,313	182,241
Interest accrual	1,408	1,192
Gross Premiums	$ 5,335	$ 3,437
Weighted-average duration of the liability in years (at original discount rate)	8 years	9 years
Weighted-average duration of the liability in years (at current discount rate)	8 years	8 years
Weighted-average interest rate (at original discount rate)	4.39%	4.19%
Weighted-average interest rate (at current discount rate)	5.30%	4.68%
Nonparticipating Traditional and Limited-Pay Business
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Loss in net income		$ 206
Gain in net income		$ 90

Liability For Future Policy B_4

Liability For Future Policy Benefits (Deferred Profit Liability) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, EOP	$ 217,065	$ 213,381
Total balance after reinsurance recoverable	187,881	185,928
Deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Total balance after reinsurance recoverable	14,413	13,544
Retirement Strategies | Institutional
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of assumption update			$ (1,289)	$ (187)
Effect of actual variances from expected experience and other activity			351	190
Adjusted balance, BOP			136,986	128,890
Interest accrual	2,457	1,992
Foreign currency adjustment	3,898	(6,842)
Other adjustments	4	(418)
Balance, EOP, pre-flooring	66,671	60,372
Flooring impact, EOP	1	44
Balance, EOP	66,672	60,416
Less: Reinsurance recoverable	0	0
Total balance after reinsurance recoverable	66,672	60,416
Retirement Strategies | Institutional | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Interest accrual	1,408	1,192
Revenue	5,335	3,437
Retirement Strategies | Institutional | Deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP	5,532	5,183
Flooring impact, BOP	0	0
Balance, BOP, pre-flooring	5,532	5,183
Effect of assumption update			35	382
Effect of actual variances from expected experience and other activity			19	96
Adjusted balance, BOP			5,586	5,661
Profits deferred	197	21
Interest accrual	113	104
Amortization	(282)	(272)
Foreign currency adjustment	14	(28)
Other adjustments	0	0
Balance, EOP, pre-flooring	5,628	5,486
Flooring impact, EOP	0	0
Balance, EOP	5,628	5,486
Less: Reinsurance recoverable	0	0
Total balance after reinsurance recoverable	5,628	5,486
Revenue	(83)	(330)
Retirement Strategies | Institutional | Deferred profit liability | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Interest accrual	113	104
Revenue	(83)	(330)
International Businesses | Life Planner
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of assumption update			145	(115)
Effect of actual variances from expected experience and other activity			(381)	(795)
Adjusted balance, BOP			82,122	87,098
Interest accrual	1,325	1,357
Foreign currency adjustment	(3,243)	(7,250)
Other adjustments	179	243
Balance, EOP, pre-flooring	50,846	51,627
Flooring impact, EOP	17	102
Balance, EOP	50,863	51,729
Less: Reinsurance recoverable	104	128
Total balance after reinsurance recoverable	50,759	51,601
International Businesses | Life Planner | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Interest accrual	867	870
Revenue	3,340	3,656
International Businesses | Life Planner | Deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP	3,379	2,741
Flooring impact, BOP	0	0
Balance, BOP, pre-flooring	3,379	2,741
Effect of assumption update			(67)	28
Effect of actual variances from expected experience and other activity			(4)	3
Adjusted balance, BOP			3,308	2,772
Profits deferred	850	875
Interest accrual	71	60
Amortization	(579)	(573)
Foreign currency adjustment	(72)	(166)
Other adjustments	20	19
Balance, EOP, pre-flooring	3,598	2,987
Flooring impact, EOP	0	0
Balance, EOP	3,598	2,987
Less: Reinsurance recoverable	8	8
Total balance after reinsurance recoverable	3,590	2,979
Revenue	(291)	(415)
International Businesses | Life Planner | Deferred profit liability | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Interest accrual	71	60
Revenue	(291)	(415)
International Businesses | Gibraltar Life and Other
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of assumption update			44	(164)
Effect of actual variances from expected experience and other activity			(323)	(235)
Adjusted balance, BOP			91,318	100,971
Interest accrual	1,162	1,235
Foreign currency adjustment	(4,355)	(8,921)
Other adjustments	(11)	(8)
Balance, EOP, pre-flooring	53,279	56,021
Flooring impact, EOP	2	162
Balance, EOP	53,281	56,183
Less: Reinsurance recoverable	211	219
Total balance after reinsurance recoverable	53,070	55,964
International Businesses | Gibraltar Life and Other | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Interest accrual	760	789
Revenue	3,174	3,631
International Businesses | Gibraltar Life and Other | Deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP	5,261	5,014
Flooring impact, BOP	1	1
Balance, BOP, pre-flooring	5,260	5,013
Effect of assumption update			(228)	(5)
Effect of actual variances from expected experience and other activity			(18)	(49)
Adjusted balance, BOP			5,014	4,959
Profits deferred	665	759
Interest accrual	76	71
Amortization	(512)	(526)
Foreign currency adjustment	(188)	(363)
Other adjustments	0	(1)
Balance, EOP, pre-flooring	5,055	4,899
Flooring impact, EOP	1	1
Balance, EOP	5,056	4,900
Less: Reinsurance recoverable	10	10
Total balance after reinsurance recoverable	5,046	4,890
Revenue	18	(250)
International Businesses | Gibraltar Life and Other | Deferred profit liability | Gross Basis
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Interest accrual	76	71
Revenue	18	(250)
Total
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of assumption update			(744)	1,360
Effect of actual variances from expected experience and other activity			(313)	(634)
Adjusted balance, BOP			343,023	349,211
Interest accrual	5,708	5,317
Foreign currency adjustment	(3,700)	(23,013)
Other adjustments	159	(198)
Balance, EOP, pre-flooring	187,330	184,897
Flooring impact, EOP	20	308
Balance, EOP	187,350	185,205
Less: Reinsurance recoverable	1,022	1,129
Total balance after reinsurance recoverable	186,328	184,076
Total | Deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Balance, BOP	14,172	12,938
Flooring impact, BOP	1	1
Balance, BOP, pre-flooring	14,171	12,937
Effect of assumption update			(260)	405
Effect of actual variances from expected experience and other activity			(3)	50
Adjusted balance, BOP			$ 13,908	$ 13,392
Profits deferred	1,712	1,655
Interest accrual	260	235
Amortization	(1,373)	(1,371)
Foreign currency adjustment	(246)	(557)
Other adjustments	20	18
Balance, EOP, pre-flooring	14,281	13,372
Flooring impact, EOP	1	1
Balance, EOP	14,282	13,373
Less: Reinsurance recoverable	18	18
Total balance after reinsurance recoverable	14,264	13,355
Other Businesses
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable	71	81
Total balance after reinsurance recoverable	1,553	1,852
Other Businesses | Deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Less: Reinsurance recoverable	0	1
Total balance after reinsurance recoverable	149	189
Revenue	$ 34	$ 36

Liability For Future Policy B_5

Liability For Future Policy Benefits (Additional Insurance Reserves) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Additional Liability, Long-Duration Insurance [Line Items]
Interest accrual	$ 239	$ 205
Balance, including amounts in AOCI, EOP, post-flooring	13,660	12,679
Gross assessments	$ 1,547	$ 1,230
Weighted-average duration of the liability in years (at original discount rate)	22 years	23 years
Weighted-average interest rate (at original discount rate)	3.39%	3.72%
Individual Life
Additional Liability, Long-Duration Insurance [Line Items]
Total balance after reinsurance recoverable	$ 8,176	$ 7,675
Other Businesses | Individual Life
Additional Liability, Long-Duration Insurance [Line Items]
Total balance after reinsurance recoverable	147	165
Total | Individual Life
Additional Liability, Long-Duration Insurance [Line Items]
Balance, including amounts in AOCI, BOP, post-flooring	12,684	11,708
Flooring impact and amounts in AOCI	1,285	(909)
Balance, excluding amounts in AOCI, BOP, pre-flooring	13,969	10,799
Effect of assumption updates			$ 23	$ 2,200
Effect of actual variances from expected experience and other activity			26	(156)
Adjusted balance, BOP			$ 14,018	$ 12,843
Assessment Collected	518	453
Interest accrual	239	205
Benefits paid	(153)	(118)
Balance, excluding amounts in AOCI, EOP, pre-flooring	14,622	13,383
Flooring impact and amounts in AOCI	(1,109)	(869)
Balance, including amounts in AOCI, EOP, post-flooring	13,513	12,514
Less: Reinsurance recoverable	5,484	5,004
Total balance after reinsurance recoverable	$ 8,029	$ 7,510

Liability For Future Policy B_6

Liability For Future Policy Benefits (Future Policy Benefits) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	[1]	Jun. 30, 2022
Insurance [Abstract]
Benefit reserves, EOP, post-flooring	$ 188,974			$ 187,139
Deferred Profit Liability EOP, post-flooring	14,431			13,563
Additional insurance reserves, including amounts in AOCI, EOP, post-flooring	13,660			12,679
Subtotal of amounts disclosed above	217,065			213,381
Other Future Policy Benefits reserves	51,584			52,709
Future policy benefits	$ 268,649	$ 261,773		$ 266,090
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Liability For Future Policy B_7

Liability For Future Policy Benefits (Revenue and Interest Expense) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Benefit reserves | Individual Life | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	$ 923	$ 947
Interest expense	202	194
Benefit reserves | Individual Life | Variable/ Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	0
Benefit reserves | Retirement Strategies | Institutional
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	5,335	3,437
Interest expense	1,408	1,192
Benefit reserves | International Businesses | Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	3,340	3,656
Interest expense	867	870
Benefit reserves | International Businesses | Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	3,174	3,631
Interest expense	760	789
Benefit reserves | Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	273	268
Interest expense	242	230
Benefit reserves | Total
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	13,045	11,939
Interest expense	3,479	3,275
Deferred profit liability | Individual Life | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	0
Deferred profit liability | Individual Life | Variable/ Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	0
Deferred profit liability | Retirement Strategies | Institutional
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(83)	(330)
Interest expense	113	104
Deferred profit liability | International Businesses | Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(291)	(415)
Interest expense	71	60
Deferred profit liability | International Businesses | Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	18	(250)
Interest expense	76	71
Deferred profit liability | Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	34	36
Interest expense	2	3
Deferred profit liability | Total
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	(322)	(959)
Interest expense	262	238
Additional insurance reserves | Individual Life | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	0
Additional insurance reserves | Individual Life | Variable/ Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	1,547	1,230
Interest expense	239	205
Additional insurance reserves | Retirement Strategies | Institutional
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	0
Additional insurance reserves | International Businesses | Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	0
Additional insurance reserves | International Businesses | Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	0
Interest expense	0	0
Additional insurance reserves | Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	0	1
Interest expense	1	2
Additional insurance reserves | Total
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	1,547	1,231
Interest expense	240	207
Revenues | Individual Life | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	923	947
Revenues | Individual Life | Variable/ Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	1,547	1,230
Revenues | Retirement Strategies | Institutional
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	5,252	3,107
Revenues | International Businesses | Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	3,049	3,241
Revenues | International Businesses | Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	3,192	3,381
Revenues | Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	307	305
Revenues | Total
Liability for Future Policy Benefit, Activity [Line Items]
Revenue	14,270	12,211
Interest Expense | Individual Life | Term Life
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	202	194
Interest Expense | Individual Life | Variable/ Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	239	205
Interest Expense | Retirement Strategies | Institutional
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	1,521	1,296
Interest Expense | International Businesses | Life Planner
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	938	930
Interest Expense | International Businesses | Gibraltar Life and Other
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	836	860
Interest Expense | Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	245	235
Interest Expense | Total
Liability for Future Policy Benefit, Activity [Line Items]
Interest expense	$ 3,981	$ 3,720

Policyholders' Account Balanc_3

Policyholders' Account Balances (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022		Jun. 30, 2023	Jun. 30, 2022		Dec. 31, 2022
Additional Liability, Long-Duration Insurance [Roll Forward]
Interest credited to policyholders’ account balances	$ 1,149,000,000	$ 644,000,000	[1]	$ 2,130,000,000	$ 704,000,000	[2]
Total Policyholders' account balance	138,743,000,000	130,408,000,000		138,743,000,000	130,408,000,000
Closed Block Division	4,543,000,000	4,664,000,000		4,543,000,000	4,664,000,000		$ 4,607,000,000
Unearned revenue reserve, unearned expense credit, and additional interest reserve	4,930,000,000	4,216,000,000		4,930,000,000	4,216,000,000
Other	$ 4,816,000,000	$ 8,275,000,000		$ 4,816,000,000	$ 8,275,000,000
Weighted-average crediting rate	3.11%	1.84%		3.11%	1.84%
Net amount at risk	$ 470,354,000,000	$ 453,333,000,000		$ 470,354,000,000	$ 453,333,000,000
Cash Surrender Value	109,276,000,000	98,271,000,000		109,276,000,000	98,271,000,000
Institutional Retirement Strategies
Additional Liability, Long-Duration Insurance [Roll Forward]
Policyholder Account Balance, Surrender					0
Total
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period				118,377,000,000	117,470,000,000
Deposits				11,630,000,000	8,693,000,000
Interest credited to policyholders’ account balances				1,885,000,000	1,064,000,000
Acquisitions and Dispositions				0	(1,846,000,000)
Policy charges				(1,447,000,000)	(1,347,000,000)
Surrenders and withdrawals				(5,186,000,000)	(5,609,000,000)
Benefit payments				(1,572,000,000)	(1,809,000,000)
Net transfers (to) from separate account				1,171,000,000	432,000,000
Change in market value and other adjustments				1,282,000,000	(280,000,000)
Foreign currency adjustment				(1,686,000,000)	(3,515,000,000)
Balance, end of period	124,454,000,000	113,253,000,000		124,454,000,000	113,253,000,000
Reinsurance and other recoverable	32,000,000	35,000,000		32,000,000	35,000,000
Policyholders' account balance net of reinsurance and other recoverable	124,422,000,000	113,218,000,000		124,422,000,000	113,218,000,000
Life/Disability | Group Insurance
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period				5,839,000,000	6,273,000,000
Deposits				523,000,000	608,000,000
Interest credited to policyholders’ account balances				84,000,000	75,000,000
Acquisitions and Dispositions				0	0
Policy charges				(161,000,000)	(162,000,000)
Surrenders and withdrawals				(826,000,000)	(700,000,000)
Benefit payments				0	0
Net transfers (to) from separate account				0	(17,000,000)
Change in market value and other adjustments				0	0
Foreign currency adjustment				0	0
Balance, end of period	5,459,000,000	6,077,000,000		5,459,000,000	6,077,000,000
Reinsurance and other recoverable	0	0		0	0
Policyholders' account balance net of reinsurance and other recoverable	$ 5,459,000,000	$ 6,077,000,000		$ 5,459,000,000	$ 6,077,000,000
Weighted-average crediting rate	2.99%	2.42%		2.99%	2.42%
Net amount at risk	$ 72,764,000,000	$ 71,162,000,000		$ 72,764,000,000	$ 71,162,000,000
Cash Surrender Value	3,992,000,000	4,136,000,000		3,992,000,000	4,136,000,000
Institutional
Additional Liability, Long-Duration Insurance [Roll Forward]
Total Policyholders' account balance	10,142,000,000	8,863,000,000		10,142,000,000	8,863,000,000
Institutional | Retirement Strategies
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period				17,376,000,000	16,391,000,000
Deposits				2,513,000,000	2,076,000,000
Interest credited to policyholders’ account balances				335,000,000	255,000,000
Acquisitions and Dispositions				0	0
Policy charges				(11,000,000)	(11,000,000)
Surrenders and withdrawals				(2,295,000,000)	(2,240,000,000)
Benefit payments				(272,000,000)	(270,000,000)
Net transfers (to) from separate account				0	0
Change in market value and other adjustments				0	0
Foreign currency adjustment				0	0
Balance, end of period	17,646,000,000	16,201,000,000		17,646,000,000	16,201,000,000
Reinsurance and other recoverable	0	0		0	0
Policyholders' account balance net of reinsurance and other recoverable	$ 17,646,000,000	$ 16,201,000,000		$ 17,646,000,000	$ 16,201,000,000
Weighted-average crediting rate	3.83%	3.13%		3.83%	3.13%
Net amount at risk	$ 0	$ 0		$ 0	$ 0
Cash Surrender Value	17,646,000,000	16,201,000,000		17,646,000,000	16,201,000,000
Individual Variable
Additional Liability, Long-Duration Insurance [Roll Forward]
Total Policyholders' account balance	4,333,000,000	4,767,000,000		4,333,000,000	4,767,000,000
Individual Variable | Retirement Strategies
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period				17,524,000,000	14,125,000,000
Deposits				2,230,000,000	2,721,000,000
Interest credited to policyholders’ account balances				148,000,000	53,000,000
Acquisitions and Dispositions				0	(1,406,000,000)
Policy charges				(11,000,000)	(1,000,000)
Surrenders and withdrawals				(332,000,000)	(150,000,000)
Benefit payments				(40,000,000)	(57,000,000)
Net transfers (to) from separate account				16,000,000	185,000,000
Change in market value and other adjustments				1,052,000,000	72,000,000
Foreign currency adjustment				0	0
Balance, end of period	20,587,000,000	15,542,000,000		20,587,000,000	15,542,000,000
Reinsurance and other recoverable	0	0		0	0
Policyholders' account balance net of reinsurance and other recoverable	$ 20,587,000,000	$ 15,542,000,000		$ 20,587,000,000	$ 15,542,000,000
Weighted-average crediting rate	1.55%	0.71%		1.55%	0.71%
Net amount at risk	$ 0	$ 0		$ 0	$ 0
Cash Surrender Value	18,638,000,000	13,380,000,000		18,638,000,000	13,380,000,000
Individual Fixed
Additional Liability, Long-Duration Insurance [Roll Forward]
Total Policyholders' account balance	2,532,000,000	1,839,000,000		2,532,000,000	1,839,000,000
Individual Fixed | Retirement Strategies
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period				4,643,000,000	4,652,000,000
Deposits				1,206,000,000	71,000,000
Interest credited to policyholders’ account balances				60,000,000	53,000,000
Acquisitions and Dispositions				0	(440,000,000)
Policy charges				(3,000,000)	(2,000,000)
Surrenders and withdrawals				(196,000,000)	(67,000,000)
Benefit payments				(40,000,000)	(86,000,000)
Net transfers (to) from separate account				0	0
Change in market value and other adjustments				70,000,000	(75,000,000)
Foreign currency adjustment				0	0
Balance, end of period	5,740,000,000	4,106,000,000		5,740,000,000	4,106,000,000
Reinsurance and other recoverable	0	0		0	0
Policyholders' account balance net of reinsurance and other recoverable	$ 5,740,000,000	$ 4,106,000,000		$ 5,740,000,000	$ 4,106,000,000
Weighted-average crediting rate	2.32%	2.41%		2.32%	2.41%
Net amount at risk	$ 0	$ 0		$ 0	$ 0
Cash Surrender Value	4,541,000,000	3,079,000,000		4,541,000,000	3,079,000,000
Variable/ Universal Life
Additional Liability, Long-Duration Insurance [Roll Forward]
Total Policyholders' account balance	24,393,000,000	23,831,000,000		24,393,000,000	23,831,000,000
Variable/ Universal Life | Individual Life
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period				26,502,000,000	26,859,000,000
Deposits				1,190,000,000	1,279,000,000
Interest credited to policyholders’ account balances				391,000,000	405,000,000
Acquisitions and Dispositions				0	0
Policy charges				(1,024,000,000)	(1,018,000,000)
Surrenders and withdrawals				(859,000,000)	(848,000,000)
Benefit payments				(81,000,000)	(107,000,000)
Net transfers (to) from separate account				1,155,000,000	264,000,000
Change in market value and other adjustments				148,000,000	(286,000,000)
Foreign currency adjustment				0	0
Balance, end of period	27,422,000,000	26,548,000,000		27,422,000,000	26,548,000,000
Reinsurance and other recoverable	11,000,000	12,000,000		11,000,000	12,000,000
Policyholders' account balance net of reinsurance and other recoverable	$ 27,411,000,000	$ 26,536,000,000		$ 27,411,000,000	$ 26,536,000,000
Weighted-average crediting rate	2.90%	3.03%		2.90%	3.03%
Net amount at risk	$ 373,992,000,000	$ 360,368,000,000		$ 373,992,000,000	$ 360,368,000,000
Cash Surrender Value	22,936,000,000	21,673,000,000		22,936,000,000	21,673,000,000
Life Planner
Additional Liability, Long-Duration Insurance [Roll Forward]
Total Policyholders' account balance	7,335,000,000	6,543,000,000		7,335,000,000	6,543,000,000
Life Planner | International Businesses
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period				11,168,000,000	11,555,000,000
Deposits				1,150,000,000	415,000,000
Interest credited to policyholders’ account balances				513,000,000	(9,000,000)
Acquisitions and Dispositions				0	0
Policy charges				(150,000,000)	(100,000,000)
Surrenders and withdrawals				(96,000,000)	(100,000,000)
Benefit payments				(137,000,000)	(130,000,000)
Net transfers (to) from separate account				0	0
Change in market value and other adjustments				14,000,000	16,000,000
Foreign currency adjustment				(798,000,000)	(1,525,000,000)
Balance, end of period	11,664,000,000	10,122,000,000		11,664,000,000	10,122,000,000
Reinsurance and other recoverable	1,000,000	1,000,000		1,000,000	1,000,000
Policyholders' account balance net of reinsurance and other recoverable	$ 11,663,000,000	$ 10,121,000,000		$ 11,663,000,000	$ 10,121,000,000
Weighted-average crediting rate	8.98%	(0.17%)		8.98%	(0.17%)
Net amount at risk	$ 17,126,000,000	$ 14,518,000,000		$ 17,126,000,000	$ 14,518,000,000
Cash Surrender Value	10,046,000,000	8,959,000,000		10,046,000,000	8,959,000,000
Gibraltar Life and Other
Additional Liability, Long-Duration Insurance [Roll Forward]
Total Policyholders' account balance	35,730,000,000	34,337,000,000		35,730,000,000	34,337,000,000
Gibraltar Life and Other | International Businesses
Additional Liability, Long-Duration Insurance [Roll Forward]
Balance, beginning of period				35,325,000,000	37,615,000,000
Deposits				2,818,000,000	1,523,000,000
Interest credited to policyholders’ account balances				354,000,000	232,000,000
Acquisitions and Dispositions				0	0
Policy charges				(87,000,000)	(53,000,000)
Surrenders and withdrawals				(582,000,000)	(1,504,000,000)
Benefit payments				(1,002,000,000)	(1,159,000,000)
Net transfers (to) from separate account				0	0
Change in market value and other adjustments				(2,000,000)	(7,000,000)
Foreign currency adjustment				(888,000,000)	(1,990,000,000)
Balance, end of period	35,936,000,000	34,657,000,000		35,936,000,000	34,657,000,000
Reinsurance and other recoverable	20,000,000	22,000,000		20,000,000	22,000,000
Policyholders' account balance net of reinsurance and other recoverable	$ 35,916,000,000	$ 34,635,000,000		$ 35,916,000,000	$ 34,635,000,000
Weighted-average crediting rate	1.99%	1.29%		1.99%	1.29%
Net amount at risk	$ 6,472,000,000	$ 7,285,000,000		$ 6,472,000,000	$ 7,285,000,000
Cash Surrender Value	31,477,000,000	30,843,000,000		31,477,000,000	30,843,000,000
Full Service | Corporate and Other
Additional Liability, Long-Duration Insurance [Roll Forward]
Reinsurance and other recoverable	$ 5,832,000,000	$ 8,242,000,000		$ 5,832,000,000	$ 8,242,000,000
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Policyholders' Account Balanc_4

Policyholders' Account Balances (Guaranteed Minimum Crediting Rate) (Details) $ in Millions	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 138,743		$ 130,408
1 - 50 bps above guaranteed minimum | Minimum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	1		1
1 - 50 bps above guaranteed minimum | Maximum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	50		50
51 - 150 bps above guaranteed minimum | Minimum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	51		51
51 - 150 bps above guaranteed minimum | Maximum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	150		150
Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	150		150
Group Insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 3,021		$ 3,558
Group Insurance | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,679		1,745
Group Insurance | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Group Insurance | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Group Insurance | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,342		1,813
Institutional
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	10,142		8,863
Institutional | Retirement Strategies
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates		$ 17,376		$ 16,391
Institutional | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	10,142		8,863
Institutional | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Institutional | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Institutional | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Individual Variable
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	4,333		4,767
Individual Variable | Retirement Strategies
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates		17,524		14,125
Individual Variable | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	3,455		3,851
Individual Variable | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	849		886
Individual Variable | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	29		30
Individual Variable | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Individual Fixed
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,532		1,839
Individual Fixed | Retirement Strategies
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates		4,643		4,652
Individual Fixed | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,533		1,652
Individual Fixed | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	611		67
Individual Fixed | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	293		94
Individual Fixed | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	95		26
Variable/ Universal Life
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	24,393		23,831
Variable/ Universal Life | Individual Life
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates		26,502		26,859
Variable/ Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	13,133		14,095
Variable/ Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	3,748		13
Variable/ Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	6,815		5,470
Variable/ Universal Life | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	697		4,253
Life Planner
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	7,335		6,543
Life Planner | International Businesses
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates		11,168		11,555
Life Planner | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	6,058		6,370
Life Planner | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	50		48
Life Planner | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	91		97
Life Planner | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,136		28
Gibraltar Life and Other
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	35,730		34,337
Gibraltar Life and Other | International Businesses
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates		$ 35,325		$ 37,615
Gibraltar Life and Other | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	35,296		33,962
Gibraltar Life and Other | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	395		326
Gibraltar Life and Other | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	39		49
Gibraltar Life and Other | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 0
Less than 1.00% | Group Insurance
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
Account Values with Crediting Rates	$ 1,342		$ 1,813
Less than 1.00% | Group Insurance | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% | Group Insurance | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% | Group Insurance | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% | Group Insurance | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1,342		$ 1,813
Less than 1.00% | Institutional
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
Account Values with Crediting Rates	$ 401		$ 401
Less than 1.00% | Institutional | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	401		401
Less than 1.00% | Institutional | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% | Institutional | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% | Institutional | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 0
Less than 1.00% | Individual Variable
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
Account Values with Crediting Rates	$ 1,825		$ 1,948
Less than 1.00% | Individual Variable | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	973		1,051
Less than 1.00% | Individual Variable | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	834		878
Less than 1.00% | Individual Variable | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	18		19
Less than 1.00% | Individual Variable | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 0
Less than 1.00% | Individual Fixed
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
Account Values with Crediting Rates	$ 0		$ 0
Less than 1.00% | Individual Fixed | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% | Individual Fixed | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% | Individual Fixed | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% | Individual Fixed | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 0
Less than 1.00% | Variable/ Universal Life
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
Account Values with Crediting Rates	$ 36		$ 16
Less than 1.00% | Variable/ Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		16
Less than 1.00% | Variable/ Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% | Variable/ Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% | Variable/ Universal Life | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 36		$ 0
Less than 1.00% | Life Planner
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
Account Values with Crediting Rates	$ 1,595		$ 512
Less than 1.00% | Life Planner | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	342		359
Less than 1.00% | Life Planner | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	26		28
Less than 1.00% | Life Planner | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	91		97
Less than 1.00% | Life Planner | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1,136		$ 28
Less than 1.00% | Gibraltar Life and Other
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
Account Values with Crediting Rates	$ 16,373		$ 18,839
Less than 1.00% | Gibraltar Life and Other | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	16,373		18,839
Less than 1.00% | Gibraltar Life and Other | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% | Gibraltar Life and Other | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Less than 1.00% | Gibraltar Life and Other | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% | Group Insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 7
1.00% - 1.99% | Group Insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
1.00% - 1.99% | Group Insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%		1.99%
1.00% - 1.99% | Group Insurance | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 7
1.00% - 1.99% | Group Insurance | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% | Group Insurance | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% | Group Insurance | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% | Institutional
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1,565		$ 1,573
1.00% - 1.99% | Institutional | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
1.00% - 1.99% | Institutional | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%		1.99%
1.00% - 1.99% | Institutional | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1,565		$ 1,573
1.00% - 1.99% | Institutional | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% | Institutional | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% | Institutional | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% | Individual Variable
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 235		$ 257
1.00% - 1.99% | Individual Variable | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
1.00% - 1.99% | Individual Variable | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%		1.99%
1.00% - 1.99% | Individual Variable | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 232		$ 255
1.00% - 1.99% | Individual Variable | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2		2
1.00% - 1.99% | Individual Variable | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1		0
1.00% - 1.99% | Individual Variable | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% | Individual Fixed
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1,024		$ 838
1.00% - 1.99% | Individual Fixed | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
1.00% - 1.99% | Individual Fixed | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%		1.99%
1.00% - 1.99% | Individual Fixed | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 559		$ 653
1.00% - 1.99% | Individual Fixed | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	136		65
1.00% - 1.99% | Individual Fixed | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	245		94
1.00% - 1.99% | Individual Fixed | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	84		26
1.00% - 1.99% | Variable/ Universal Life
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 3,208		$ 3,016
1.00% - 1.99% | Variable/ Universal Life | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
1.00% - 1.99% | Variable/ Universal Life | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%		1.99%
1.00% - 1.99% | Variable/ Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 164		$ 343
1.00% - 1.99% | Variable/ Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% | Variable/ Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,681		695
1.00% - 1.99% | Variable/ Universal Life | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	363		1,978
1.00% - 1.99% | Life Planner
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 2,939		$ 3,100
1.00% - 1.99% | Life Planner | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
1.00% - 1.99% | Life Planner | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%		1.99%
1.00% - 1.99% | Life Planner | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 2,915		$ 3,080
1.00% - 1.99% | Life Planner | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	24		20
1.00% - 1.99% | Life Planner | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% | Life Planner | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% | Gibraltar Life and Other
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 9,211		$ 10,254
1.00% - 1.99% | Gibraltar Life and Other | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%		1%
1.00% - 1.99% | Gibraltar Life and Other | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%		1.99%
1.00% - 1.99% | Gibraltar Life and Other | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 9,143		$ 10,254
1.00% - 1.99% | Gibraltar Life and Other | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	68		0
1.00% - 1.99% | Gibraltar Life and Other | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
1.00% - 1.99% | Gibraltar Life and Other | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
2.00% - 2.99% | Group Insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 55		$ 54
2.00% - 2.99% | Group Insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%		2%
2.00% - 2.99% | Group Insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%		2.99%
2.00% - 2.99% | Group Insurance | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 55		$ 54
2.00% - 2.99% | Group Insurance | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
2.00% - 2.99% | Group Insurance | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
2.00% - 2.99% | Group Insurance | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
2.00% - 2.99% | Institutional
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 557		$ 1,224
2.00% - 2.99% | Institutional | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%		2%
2.00% - 2.99% | Institutional | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%		2.99%
2.00% - 2.99% | Institutional | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 557		$ 1,224
2.00% - 2.99% | Institutional | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
2.00% - 2.99% | Institutional | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
2.00% - 2.99% | Institutional | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
2.00% - 2.99% | Individual Variable
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 35		$ 39
2.00% - 2.99% | Individual Variable | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%		2%
2.00% - 2.99% | Individual Variable | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%		2.99%
2.00% - 2.99% | Individual Variable | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 30		$ 38
2.00% - 2.99% | Individual Variable | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	5		0
2.00% - 2.99% | Individual Variable | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		1
2.00% - 2.99% | Individual Variable | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
2.00% - 2.99% | Individual Fixed
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1,045		$ 477
2.00% - 2.99% | Individual Fixed | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%		2%
2.00% - 2.99% | Individual Fixed | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%		2.99%
2.00% - 2.99% | Individual Fixed | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 519		$ 477
2.00% - 2.99% | Individual Fixed | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	467		0
2.00% - 2.99% | Individual Fixed | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	48		0
2.00% - 2.99% | Individual Fixed | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	11		0
2.00% - 2.99% | Variable/ Universal Life
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 4,860		$ 4,775
2.00% - 2.99% | Variable/ Universal Life | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%		2%
2.00% - 2.99% | Variable/ Universal Life | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%		2.99%
2.00% - 2.99% | Variable/ Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 23		$ 397
2.00% - 2.99% | Variable/ Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,724		0
2.00% - 2.99% | Variable/ Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,826		2,260
2.00% - 2.99% | Variable/ Universal Life | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	287		2,118
2.00% - 2.99% | Life Planner
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 2,080		$ 2,228
2.00% - 2.99% | Life Planner | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%		2%
2.00% - 2.99% | Life Planner | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%		2.99%
2.00% - 2.99% | Life Planner | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 2,080		$ 2,228
2.00% - 2.99% | Life Planner | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
2.00% - 2.99% | Life Planner | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
2.00% - 2.99% | Life Planner | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
2.00% - 2.99% | Gibraltar Life and Other
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 3,591		$ 3,841
2.00% - 2.99% | Gibraltar Life and Other | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%		2%
2.00% - 2.99% | Gibraltar Life and Other | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%		2.99%
2.00% - 2.99% | Gibraltar Life and Other | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 3,225		$ 3,466
2.00% - 2.99% | Gibraltar Life and Other | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	327		326
2.00% - 2.99% | Gibraltar Life and Other | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	39		49
2.00% - 2.99% | Gibraltar Life and Other | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% | Group Insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1,621		$ 1,681
3.00% - 4.00% | Group Insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%		3%
3.00% - 4.00% | Group Insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
3.00% - 4.00% | Group Insurance | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1,621		$ 1,681
3.00% - 4.00% | Group Insurance | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% | Group Insurance | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% | Group Insurance | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% | Institutional
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 5,891		$ 4,676
3.00% - 4.00% | Institutional | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%		3%
3.00% - 4.00% | Institutional | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
3.00% - 4.00% | Institutional | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 5,891		$ 4,676
3.00% - 4.00% | Institutional | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% | Institutional | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% | Institutional | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% | Individual Variable
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 2,137		$ 2,409
3.00% - 4.00% | Individual Variable | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%		3%
3.00% - 4.00% | Individual Variable | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
3.00% - 4.00% | Individual Variable | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 2,119		$ 2,393
3.00% - 4.00% | Individual Variable | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	8		6
3.00% - 4.00% | Individual Variable | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	10		10
3.00% - 4.00% | Individual Variable | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% | Individual Fixed
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 363		$ 415
3.00% - 4.00% | Individual Fixed | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%		3%
3.00% - 4.00% | Individual Fixed | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
3.00% - 4.00% | Individual Fixed | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 355		$ 413
3.00% - 4.00% | Individual Fixed | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	8		2
3.00% - 4.00% | Individual Fixed | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% | Individual Fixed | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% | Variable/ Universal Life
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 10,729		$ 10,458
3.00% - 4.00% | Variable/ Universal Life | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%		3%
3.00% - 4.00% | Variable/ Universal Life | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
3.00% - 4.00% | Variable/ Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 7,386		$ 7,773
3.00% - 4.00% | Variable/ Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,024		13
3.00% - 4.00% | Variable/ Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,308		2,515
3.00% - 4.00% | Variable/ Universal Life | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	11		157
3.00% - 4.00% | Life Planner
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 333		$ 308
3.00% - 4.00% | Life Planner | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%		3%
3.00% - 4.00% | Life Planner | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
3.00% - 4.00% | Life Planner | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 333		$ 308
3.00% - 4.00% | Life Planner | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% | Life Planner | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% | Life Planner | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% | Gibraltar Life and Other
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 3,943		$ 1,157
3.00% - 4.00% | Gibraltar Life and Other | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%		3%
3.00% - 4.00% | Gibraltar Life and Other | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
3.00% - 4.00% | Gibraltar Life and Other | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 3,943		$ 1,157
3.00% - 4.00% | Gibraltar Life and Other | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% | Gibraltar Life and Other | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
3.00% - 4.00% | Gibraltar Life and Other | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 0
Greater than 4.00% | Group Insurance
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
Account Values with Crediting Rates	$ 3		$ 3
Greater than 4.00% | Group Insurance | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	3		3
Greater than 4.00% | Group Insurance | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% | Group Insurance | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% | Group Insurance | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 0
Greater than 4.00% | Institutional
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
Account Values with Crediting Rates	$ 1,728		$ 989
Greater than 4.00% | Institutional | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,728		989
Greater than 4.00% | Institutional | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% | Institutional | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% | Institutional | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 0
Greater than 4.00% | Individual Variable
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
Account Values with Crediting Rates	$ 101		$ 114
Greater than 4.00% | Individual Variable | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	101		114
Greater than 4.00% | Individual Variable | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% | Individual Variable | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% | Individual Variable | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 0
Greater than 4.00% | Individual Fixed
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
Account Values with Crediting Rates	$ 100		$ 109
Greater than 4.00% | Individual Fixed | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	100		109
Greater than 4.00% | Individual Fixed | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% | Individual Fixed | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% | Individual Fixed | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 0
Greater than 4.00% | Variable/ Universal Life
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
Account Values with Crediting Rates	$ 5,560		$ 5,566
Greater than 4.00% | Variable/ Universal Life | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	5,560		5,566
Greater than 4.00% | Variable/ Universal Life | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% | Variable/ Universal Life | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% | Variable/ Universal Life | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 0
Greater than 4.00% | Life Planner
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
Account Values with Crediting Rates	$ 388		$ 395
Greater than 4.00% | Life Planner | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	388		395
Greater than 4.00% | Life Planner | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% | Life Planner | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% | Life Planner | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 0
Greater than 4.00% | Gibraltar Life and Other
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%		4%
Account Values with Crediting Rates	$ 2,612		$ 246
Greater than 4.00% | Gibraltar Life and Other | At guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2,612		246
Greater than 4.00% | Gibraltar Life and Other | 1 - 50 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% | Gibraltar Life and Other | 51 - 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0		0
Greater than 4.00% | Gibraltar Life and Other | Greater than 150 bps above guaranteed minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0		$ 0

Market Risk Benefits - Rollforw

Market Risk Benefits - Rollforward of Balances for Variable Annuity Products (Details) - USD ($) $ in Millions		6 Months Ended
	Apr. 01, 2022	Jun. 30, 2023	Jun. 30, 2022
Market Risk Benefit [Roll Forward]
Market risk benefit, ending balance		$ 3,511	$ 6,424
Net amount at risk		$ 10,885	$ 11,538
Weighted-average attained age of contractholders (in years)		69 years	68 years
PALAC
Market Risk Benefit [Roll Forward]
Net pre-tax gain on sale	$ 4,061
Other Businesses
Market Risk Benefit [Roll Forward]
Balance, EOP, net of reinsurance		$ 93	$ 133
Retirement Strategies
Market Risk Benefit [Roll Forward]
Market risk benefit, beginning balance		4,987	13,392
Effect of cumulative changes in NPR		1,828	898
Balance, BOP, before effect of changes in NPR		6,815	14,290
Attributed fees collected		601	734
Claims paid		(59)	(33)
Interest accrual		173	31
Actual in force different from expected		36	61
Effect of changes in interest rates		(696)	(6,078)
Effect of changes in equity markets		(1,389)	3,669
Effect of assumption update		342	(152)
Issuance		5	0
Other adjustments		(22)	(3,993)
Balance, EOP, before effect of changes in NPR		5,806	8,529
Effect of cumulative changes in NPR		(1,751)	(2,197)
Less: Reinsured MRB		637	41
Balance, EOP, net of reinsurance		3,418	6,291
Market risk benefit, ending balance		$ 4,055	$ 6,332

Market Risk Benefits - Market R

Market Risk Benefits - Market Risk Benefits In Asset and Liability Positions (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022		Jun. 30, 2022	Dec. 31, 2021	Jan. 01, 2021
Liability for Future Policy Benefit, Activity [Line Items]
MRB assets	$ 1,951	$ 800	[1]	$ 869
MRB liabilities	5,462	5,864	[1]	7,293
Net Liability	3,511			6,424		$ 19,852
Retirement Strategies
Liability for Future Policy Benefit, Activity [Line Items]
Net Liability	4,055	$ 4,987		6,332	$ 13,392
Other Businesses
Liability for Future Policy Benefit, Activity [Line Items]
MRB assets	14			13
MRB liabilities	107			146
Net Liability	93			133
Individual Variable | Retirement Strategies
Liability for Future Policy Benefit, Activity [Line Items]
MRB assets	1,937			856
MRB liabilities	5,355			7,147
Net Liability	$ 3,418			$ 6,291		$ 19,473
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Reinsurance Narrative (Details)

Reinsurance Narrative (Details) $ in Millions					6 Months Ended	12 Months Ended			21 Months Ended
	Apr. 01, 2023 USD ($)	Apr. 01, 2022	Apr. 01, 2015	Jan. 02, 2013 USD ($) policy	Jun. 30, 2023 company	Dec. 31, 2020 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2021 counterparty	May 31, 2018 counterparty
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance retention policy, reinsured risk percentage					59%
Number of Reinsurance Companies | company					4
Number of counterparties | counterparty										2	2
Geographic Distribution, Domestic
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance, retention policy, amount retained per life						$ 10	$ 20	$ 30
Hartford
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance retention policy, amount retained per event				$ 141,000
Business acquisition number of life insurance policies acquired reinsurance | policy				700,000
The Ohio National Life Insurance Company
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsure aprox amount of account values of PDI traditional variable annuity contracts	$ 10,000
Deferred reinsurance gain	$ 309
The Ohio National Life Insurance Company | Separate account liabilities under MODCO
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance retention policy, reinsured risk percentage	100%
The Ohio National Life Insurance Company | General account liabilities under MODCO
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance retention policy, reinsured risk percentage	100%
The Ohio National Life Insurance Company | Individual Variable
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance retention policy, reinsured risk percentage	10%
Empower Annuity Insurance Company of America & Empower Life & Annuity Insurance Company of New York | Separate account liabilities under MODCO
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance retention policy, reinsured risk percentage		100%
Empower Annuity Insurance Company of America & Empower Life & Annuity Insurance Company of New York | General account liabilities under MODCO
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance retention policy, reinsured risk percentage		100%
Union Hamilton Reinsurance, Ltd. | Quote Share Reinsurance for HDI v.3.0 VA Business
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance retention policy, reinsured risk percentage			50%
Reinsurance retention policy, amount retained per event									$ 2,900

Reinsurance Reinsurance Amounts

Reinsurance Reinsurance Amounts Included in Statement of Operations (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	[1]	Jun. 30, 2023	Jun. 30, 2022
Insurance [Abstract]
Direct premiums				$ 14,989	$ 13,294
Reinsurance assumed				2,422	2,072
Reinsurance ceded				(1,139)	(1,200)
Premiums	$ 6,909	$ 6,477		16,272	14,166	[2]
Direct policy charges and fee income				1,893	1,921
Reinsurance assumed				615	619
Reinsurance ceded				(301)	(266)
Policy charges and fee income	1,073	975		2,207	2,274	[2]
Direct change in value of market risk benefits, net of related hedging gains (losses)				88	(817)
Reinsurance assumed				83	(76)
Reinsurance ceded				(80)	(87)
Change in value of market risk benefits, net of related hedging gain	16	(710)		91	(980)	[3]
Direct policyholders’ benefits				15,858	15,164
Reinsurance assumed				3,787	3,203
Reinsurance ceded				(1,680)	(1,634)
Policyholders’ benefits	7,661	7,958		17,965	16,733	[2]
Direct change in estimates of liability for future policy benefits				429	1,501
Reinsurance assumed				(146)	470
Reinsurance ceded				(3)	(1,339)
Change in estimates of liability for future policy benefits	$ 255	$ 777		$ 280	$ 632	[2]
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[3]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Reinsurance Reinsurance Recover

Reinsurance Reinsurance Recoverable (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total reinsurance recoverables	$ 10,517	$ 10,417
Reinsurance recoverables net of loss allowance	(17)	(15)
Individual and group annuities
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total reinsurance recoverables	1,728	2,078
Life insurance
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total reinsurance recoverables	8,377	7,981
Other reinsurance
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total reinsurance recoverables	412	358
Hartford Life Business
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance payable	1,330	1,327
Hartford Life Business | Life insurance
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total reinsurance recoverables	2,082	2,041
FLIAC | Individual and group annuities
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total reinsurance recoverables	$ 1,673	$ 1,986

Closed Block (Narrative) (Detai

Closed Block (Narrative) (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Closed Block Dividend Obligation	$ 392,000,000	$ 0
Accumulated Net Unrealized Investment Gain (Loss) Pre Tax
Closed Block Dividend Obligation	2,753,000,000	0
Accumulated Distributions in Excess of Net Income
Closed Block Dividend Obligation	$ 3,145,000,000	$ 3,207,000,000

Closed Block (Closed Block Liab

Closed Block (Closed Block Liabilities and Assets Designated to Closed Block; Maximum Future Earnings to be Recognized) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Closed Block liabilities
Future policy benefits	$ 43,884	$ 44,414
Policyholders’ dividends payable	614	617
Policyholders’ dividend obligation	392	0
Policyholders’ account balances	4,543	4,607	$ 4,664
Other Closed Block liabilities	3,292	3,499
Total Closed Block liabilities	52,725	53,137
Closed Block assets
Fixed maturities, available-for-sale, at fair value	29,923	29,898
Fixed maturities, trading, at fair value	851	900
Equity securities, at fair value	1,975	1,733
Commercial mortgage and other loans	7,716	7,926
Policy loans	3,548	3,637
Other invested assets	4,775	4,254
Short-term investments	323	337
Total investments	49,111	48,685
Cash and cash equivalents	621	1,307
Accrued investment income	410	402
Other Closed Block assets	128	162
Total Closed Block assets	50,270	50,556
Excess of reported Closed Block liabilities over Closed Block assets	2,455	2,581
Portion of above representing accumulated other comprehensive income (loss):
Net unrealized investment gains (losses)	(2,912)	(3,458)
Allocated to policyholder dividend obligation	2,753	3,207
Future earnings to be recognized from Closed Block assets and Closed Block liabilities	$ 2,296	$ 2,330

Closed Block (Information Regar

Closed Block (Information Regarding Policyholder Dividend Obligation) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
Movement in Closed Block Dividend Obligation [Roll Forward]
Balance, beginning	$ 0
Impact from earnings allocable to policyholder dividend obligation	(62)
Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation	454
Balance, ending	$ 392

Closed Block (Closed Block Reve

Closed Block (Closed Block Revenues and Benefits and Expenses) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues
Premiums	$ 430	$ 442	$ 836	$ 850
Net investment income	498	523	977	1,079
Realized investment gains (losses), net	(113)	(60)	(130)	40
Other income (loss)	140	(373)	240	(471)
Total Closed Block revenues	955	532	1,923	1,498
Benefits and Expenses
Policyholders’ benefits	610	637	1,182	1,261
Interest credited to policyholders’ account balances	29	30	59	60
Dividends to policyholders	292	(228)	594	(17)
General and administrative expenses	71	75	144	148
Total Closed Block benefits and expenses	1,002	514	1,979	1,452
Closed Block revenues, net of Closed Block benefits and expenses, before income taxes	(47)	18	(56)	46
Income tax expense (benefit)	(54)	(10)	(86)	(9)
Closed Block revenues, net of Closed Block benefits and expenses and income taxes	$ 7	$ 28	$ 30	$ 55

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	[1]	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Total income tax expense (benefit)	$ 123	$ (119)		$ 505	$ (263)	[2]
Effective Income Tax Rate, Percent				20.50%	15.20%
Federal Statutory Income Tax Rate, Percent				21%
High Tax Exception Percentage				18.90%
Percentage of the Effective Income Tax Rate Rec at Federal Statutory Income				90%
Tax Expense from change in foreign tax credit regulations	$ 18			$ 18
Book-income Alternative Minimum Tax Rate				15%
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Short-Term and Long-Term Debt_2

Short-Term and Long-Term Debt (Short-Term Debt) (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Short-term Debt [Line Items]
Short-term debt	$ 763	$ 775
Weighted average interest rate on outstanding short-term debt	5.16%	4.69%
Commercial paper
Short-term Debt [Line Items]
Short-term debt	$ 494	$ 438
Debt maturity	29 days	98 days
Long-term debt
Short-term Debt [Line Items]
Long-term Debt, Current Maturities	$ 756	$ 828
Short-term Debt
Short-term Debt [Line Items]
Long-term Debt, Current Maturities	1,263	1,275
Borrowings due overnight | Commercial paper
Short-term Debt [Line Items]
Short-term debt	80	130
Daily average outstanding | Commercial paper
Short-term Debt [Line Items]
Short-term debt	1,258	1,312
Prudential Financial
Short-term Debt [Line Items]
Short-term debt	25	25
Prudential Financial | Commercial paper
Short-term Debt [Line Items]
Short-term debt	25	25
Prudential Funding, LLC | Commercial paper
Short-term Debt [Line Items]
Short-term debt	469	413
Mortgage debt
Short-term Debt [Line Items]
Long-term Debt, Current Maturities	83	155
Line of credit
Short-term Debt [Line Items]
Short-term debt	13	9
Long-term Debt, Current Maturities	13	9
Senior notes | Long-term debt
Short-term Debt [Line Items]
Long-term Debt, Current Maturities	173	173
Surplus notes subject to set-off arrangements
Short-term Debt [Line Items]
Long-term Debt, Current Maturities	500	500
Assets Under Set-Off Arrangements
Short-term Debt [Line Items]
Short-term debt	$ 500	$ 500

Short-Term and Long-Term Debt_3

Short-Term and Long-Term Debt (Narrative) (Details)	1 Months Ended	6 Months Ended
	Mar. 31, 2023 trust	Jun. 30, 2023 USD ($) Rate	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Amounts drawn on credit facilities		$ 0
Long-term Debt, Excluding Current Maturities		$ 18,876,000,000	$ 19,908,000,000
Number Of Trusts | trust	2
Payment window		30 days
Junior Subordinated Debt
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities		$ 8,089,000,000	9,094,000,000
Subsidiaries | Junior Subordinated Debt
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities		43,000,000	47,000,000
Prudential Financial
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities		18,159,000,000	19,162,000,000
Prudential Financial | Junior Subordinated Debt
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities		8,046,000,000	9,047,000,000
Junior Subordinated Debt
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 500,000,000
Debt Instrument, Interest Rate, Stated Percentage | Rate		6.75%
Junior Subordinated Debt | 5.625% Junior Subordinated Notes
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 1,500,000,000
Private Placement | Prudential Financial
Debt Instrument [Line Items]
Proceeds from sales		1,500,000,000
Private Placement | Prudential Financial | Senior Notes Maturing February 2033
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 800,000,000
Debt Instrument, Interest Rate, Stated Percentage | Rate		5.791%
Debt Instrument, Interest Rate, Effective Percentage | Rate		1.815%
Debt maturity	10 years
Private Placement | Prudential Financial | Maturity in February 2053
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 700,000,000
Debt Instrument, Interest Rate, Stated Percentage | Rate		5.997%
Debt Instrument, Interest Rate, Effective Percentage | Rate		2.066%
Debt maturity	30 years
Put Option | Prudential Financial
Debt Instrument [Line Items]
Minimum Equity Less AOCI for Automatic Exercise		$ 9,000,000,000
5.625% Junior Subordinated Notes
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage | Rate		5.625%
Floating-rate notes | Mortgage debt
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities		$ 74,000,000	29,000,000
Floating-rate notes | Foreign public corporate securities | Mortgage debt
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities		$ 27,000,000	$ 29,000,000

Short-Term and Long-Term Debt_4

Short-Term and Long-Term Debt (Long-Term Debt) (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt	$ 18,876	$ 19,908
Subtotal	30,666	31,698
Surplus notes | Fixed-rate notes
Debt Instrument [Line Items]
Long-term debt	345	345
Surplus notes subject to set-off arrangements | Fixed-rate notes
Debt Instrument [Line Items]
Long-term debt	9,460	9,460
Surplus notes subject to set-off arrangements | Floating-rate notes
Debt Instrument [Line Items]
Long-term debt	2,330	2,330
Senior notes | Fixed-rate notes
Debt Instrument [Line Items]
Long-term debt	10,113	10,115
Mortgage debt | Fixed-rate notes
Debt Instrument [Line Items]
Long-term debt	25	25
Mortgage debt | Floating-rate notes
Debt Instrument [Line Items]
Long-term debt	74	29
Line of credit
Debt Instrument [Line Items]
Line of credit	230	300
Junior subordinated notes
Debt Instrument [Line Items]
Long-term debt	8,089	9,094
Less: assets under set-off arrangements
Debt Instrument [Line Items]
Long-term debt	11,790	11,790
Debt denominated in foreign currency | Mortgage debt | Floating-rate notes
Debt Instrument [Line Items]
Long-term debt	27	29
Prudential Financial
Debt Instrument [Line Items]
Long-term debt	18,159	19,162
Prudential Financial | Junior subordinated notes
Debt Instrument [Line Items]
Long-term debt	8,046	9,047
Subsidiaries | Junior subordinated notes
Debt Instrument [Line Items]
Long-term debt	$ 43	$ 47

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Details) - Other Postretirement Benefits	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Minimum
Defined Benefit Plan Disclosure [Line Items]
Deferred Compensation Arrangement with Individual, Requisite Age		50 years
Deferred Compensation Arrangement with Individual, Requisite Service Period	10 years
Maximum
Defined Benefit Plan Disclosure [Line Items]
Deferred Compensation Arrangement with Individual, Requisite Age		55 years
Deferred Compensation Arrangement with Individual, Requisite Service Period	20 years

Employee Benefit Plans (Compone

Employee Benefit Plans (Components of Net Periodic Benefit Cost Included in General and Administrative Expenses) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 52	$ 66	$ 103	$ 146
Interest cost	138	112	276	209
Expected return on plan assets	(232)	(218)	(463)	(431)
Amortization of prior service cost	0	0	0	0
Amortization of actuarial (gain) loss, net	17	36	34	87
Settlements	1	0	1	1
Curtailments	0	0	0	0
Special termination benefits	0	3	0	4
Net periodic (benefit) cost	(24)	(1)	(49)	16
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	3	3	5	7
Interest cost	18	15	36	27
Expected return on plan assets	(22)	(25)	(43)	(52)
Amortization of prior service cost	(2)	(2)	(4)	(4)
Amortization of actuarial (gain) loss, net	2	2	5	3
Settlements	0	0	0	0
Curtailments	0	8	0	8
Special termination benefits	0	4	0	4
Net periodic (benefit) cost	$ (1)	$ (11)	$ (1)	$ (23)

Equity (Common Stock Changes in

Equity (Common Stock Changes in Number of Shares Issued, Held in Treasury and Outstanding) (Details)	6 Months Ended
	Jun. 30, 2023 shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning (in shares)	666,305,189
Balance, ending (in shares)	666,305,189
Issued
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning (in shares)	666,300,000
Common Stock issued (in shares)	0
Common Stock acquired	0
Stock-based compensation programs (in shares)	0
Balance, ending (in shares)	666,300,000
Held In Treasury
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning (in shares)	300,300,000
Common Stock issued (in shares)	0
Common Stock acquired	5,700,000
Stock-based compensation programs (in shares)	(3,200,000)
Balance, ending (in shares)	302,800,000
Outstanding
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning (in shares)	366,000,000
Common Stock issued (in shares)	0
Common Stock acquired	5,700,000
Stock-based compensation programs (in shares)	3,200,000
Balance, ending (in shares)	363,500,000

Equity (Narrative) (Details)

Equity (Narrative) (Details) - USD ($) shares in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Feb. 28, 2023
Class of Stock [Line Items]
Cost of Treasury Stock Acquired	$ 504	$ 738
Under November 2021 Board Of Directors Authorization
Class of Stock [Line Items]
Amount of Stock Repurchases Authorized by the Board of Directors			$ 1,000
Under November 2021 Board Of Directors Authorization | Common Stock
Class of Stock [Line Items]
Number of Treasury Stock Shares Acquired	5.7
Cost of Treasury Stock Acquired	$ 500

Equity (Dividends Declared) (De

Equity (Dividends Declared) (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Equity [Abstract]
Dividends declared per share of Common Stock (in USD per share)	$ 1.25	$ 1.20	$ 2.50	$ 2.40

Equity (Accumulated Other Compr

Equity (Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions		3 Months Ended			6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022		Jun. 30, 2023	Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	[1]				$ (3,806)
Change in OCI before reclassifications					(4,143)	$ 6,593
Amounts reclassified from AOCI					417	498
Income tax benefit (expense)		$ 793	$ (1,701)	[2]	883	(2,301)	[2]
Ending balance		(6,649)			(6,649)
Foreign  Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance					(2,274)	(1,107)
Change in OCI before reclassifications					(359)	(1,309)
Amounts reclassified from AOCI					1	9
Income tax benefit (expense)					(87)	(84)
Ending balance		(2,719)	(2,491)		(2,719)	(2,491)
Total net unrealized investment gains (losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance					(16,195)	26,640
Change in OCI before reclassifications					5,184	(42,390)
Amounts reclassified from AOCI					381	403
Income tax benefit (expense)					(1,358)	9,670
Ending balance		(11,988)	(5,677)		(11,988)	(5,677)
Interest rate remeasurement of Liability for Future Policy Benefits
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance					15,242	(33,220)
Change in OCI before reclassifications					(8,901)	48,618
Amounts reclassified from AOCI					0	0
Income tax benefit (expense)					2,324	(11,511)
Ending balance		8,665	3,887		8,665	3,887
Gains (losses) from Changes in Non-performance Risk on Market Risk Benefits
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance					1,448	707
Change in OCI before reclassifications					(77)	1,307
Amounts reclassified from AOCI					0	0
Income tax benefit (expense)					16	(275)
Ending balance		1,387	1,739		1,387	1,739
Pension and Postretirement Unrecognized Net Periodic Benefit (Cost)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance					(2,027)	(2,513)
Change in OCI before reclassifications					10	367
Amounts reclassified from AOCI					35	86
Income tax benefit (expense)					(12)	(101)
Ending balance		(1,994)	(2,161)		(1,994)	(2,161)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance					(3,806)	(9,493)
Ending balance		(6,649)	(4,703)		(6,649)	(4,703)
Cash flow hedges | Total net unrealized investment gains (losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance					2,616	1,019
Ending balance		2,097	2,446		2,097	2,446
Fair value hedges | Total net unrealized investment gains (losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance					(54)	(35)
Ending balance		$ (149)	$ 27		$ (149)	$ 27
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Equity (Reclassifications out o

Equity (Reclassifications out of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022		Jun. 30, 2023	Jun. 30, 2022
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Realized investment gains (losses), net	$ (938)	$ (1,636)	[1]	$ (721)	$ (2,680)	[2]
Amounts reclassified from AOCI				417	498
Amortization of defined benefit items:
Other income (loss)	1,044	1,361	[1]	2,063	51	[3]
Total foreign currency translation adjustment
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI				1	9
Total net unrealized investment gains (losses)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI				381	403
Total amortization of defined benefit items
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI				35	86
Amounts reclassified from AOCI
Amortization of defined benefit items:
Prior service cost	2	2		4	4
Actuarial gain (loss)	(19)	(38)		(39)	(90)
Amounts reclassified from AOCI | Total foreign currency translation adjustment
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Realized investment gains (losses), net	(1)	1		(1)	(9)
Amounts reclassified from AOCI | Total net unrealized investment gains (losses)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(245)	(141)		(381)	(403)
Amounts reclassified from AOCI | Total amortization of defined benefit items
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(17)	(36)		(35)	(86)
Amounts reclassified from AOCI | Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(263)	(176)		(417)	(498)
Amounts reclassified from AOCI | Net unrealized investment gains (losses) on available-for-sale securities
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	(266)	(646)		(421)	(1,057)
Amounts reclassified from AOCI | Interest Rate | Cash flow hedges
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	(6)	(1)		(29)	(5)
Amounts reclassified from AOCI | Currency | Cash flow hedges
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	3	3		8	4
Amounts reclassified from AOCI | Currency | Fair value hedges
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	(2)	0		(4)	(2)
Amounts reclassified from AOCI | Currency/Interest rate | Cash flow hedges
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	$ 26	$ 503		$ 65	$ 657
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[3]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Equity (Net Unrealized Investme

Equity (Net Unrealized Investment Gains (Losses) in AOCI on AFS Fixed Maturity Securities with Allowance for Credit Losses and All Other Investments) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ (3,806)	[1]
Ending balance	(6,649)
Net Unrealized Investment Gains (Losses) on Available-for-Sale Fixed Maturity Securities on Which an Allowance for Credit Losses has been Recorded
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(45)
Net investment gains (losses) on investments arising during the period	33
Reclassification adjustment for (gains) losses included in net income	(13)
Reclassification due to allowance for credit losses recorded during the period	(43)
Ending balance	(68)
Net Unrealized Investment Gains (Losses) on All Other Investments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(24,959)
Net investment gains (losses) on investments arising during the period	5,773
Reclassification adjustment for (gains) losses included in net income	394
Reclassification due to allowance for credit losses recorded during the period	43
Ending balance	(18,749)
Reinsurance Recoverables
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(703)
Impact of net unrealized investment (gains) losses	71
Ending balance	(632)
Future Policy Benefits, Policyholders’ Account Balances and Reinsurance Payables
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	1,946
Impact of net unrealized investment (gains) losses	(252)
Ending balance	1,694
Policyholders’ Dividends
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	3,194
Impact of net unrealized investment (gains) losses	(441)
Ending balance	2,753
Income Tax Benefit (Expense)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	4,372
Net investment gains (losses) on investments arising during the period	(1,396)
Reclassification adjustment for (gains) losses included in net income	(92)
Reclassification due to allowance for credit losses recorded during the period	0
Impact of net unrealized investment (gains) losses	130
Ending balance	3,014
Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(16,195)
Net investment gains (losses) on investments arising during the period	4,410
Reclassification adjustment for (gains) losses included in net income	289
Reclassification due to allowance for credit losses recorded during the period	0
Impact of net unrealized investment (gains) losses	(492)
Ending balance	$ (11,988)
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Earnings Per Share (Reconciliat

Earnings Per Share (Reconciliation of the Numerators and Denominators of the Basic and Diluted Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Basic earnings per share
Net income (loss)	$ 496	$ 1,477	$ (1,017)	$ (506)	$ 1,973	$ (1,523)	[1]
Less: Income (loss) attributable to noncontrolling interests	(15)		(7)		0	(20)
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards	6		6		24	13
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Basic Income	$ 505		$ (1,016)		$ 1,949	$ (1,516)
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Basic Weighted Average Shares	364.8		374.4		365.7	375.3
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Basic Per Share Amount	$ 1.38		$ (2.71)		$ 5.33	$ (4.04)
Effect of dilutive securities and compensation programs
Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic	$ 6		$ 6		$ 24	$ 13
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted	$ 6		$ 6		$ 24	$ 13
Stock options, Weighted Average Shares	0.2		0		0.2	0
Deferred and long-term compensation programs, Weighted Average Shares	1.1		0		1	0
Diluted earnings per share
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Diluted Income	$ 505		$ (1,016)		$ 1,949	$ (1,516)
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Diluted Weighted Average Shares	366.1		374.4		366.9	375.3
Net income (loss) attributable to Prudential Financial available to holders of Common Stock, Diluted Per Share Amount	$ 1.38		$ (2.71)		$ 5.31	$ (4.04)
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Undistributed earnings allocated to participating unvested share-based payment awards, weighted outstanding shares	4.1	4.9	4.1	5

Earnings Per Share (Antidilutiv

Earnings Per Share (Antidilutive Securities Excluded From the Computation of Diluted Earnings Per Share) (Details) - $ / shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings, Shares	2	3.6	1.6	3.3
Antidilutive stock options based on application of the treasury stock method
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings, Shares	1.7	0.7	1.4	0.3
Antidilutive securities excluded from computation of earnings, Exercise Price Per Share	$ 99.74	$ 108.67	$ 101.12	$ 108.67
Antidilutive stock options due to net loss available to holders of Common Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings, Shares	0	0.4	0	0.6
Antidilutive shares based on application of the treasury stock method
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings, Shares	0.3	0.2	0.2	0.2
Antidilutive shares due to net loss available to holders of Common Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings, Shares	0	2.3	0	2.2

Segment Information (Reconcilia

Segment Information (Reconciliation of Adjusted Operating Income and Net Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	$ 621	$ (1,068)	$ 2,468	$ (1,726)
Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	1,392	1,150	2,658	2,686
Operating Segments | PGIM | PGIM
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	179	206	330	394
Operating Segments | International Businesses | International Insurance
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	784	692	1,624	1,643
Operating Segments | Corporate and Other | Corporate and Other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	(527)	(321)	(1,012)	(737)
Operating Segments | U.S. Businesses Division | Retirement Strategies
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	876	2,181	1,713	3,127
Operating Segments | U.S. Businesses Division | Retirement Strategies | Institutional Retirement Strategies
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	428	432	824	947
Operating Segments | U.S. Businesses Division | Retirement Strategies | Retirement Strategies
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	448	1,749	889	2,180
Operating Segments | U.S. Businesses Division | Group Insurance
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	139	54	164	(61)
Operating Segments | U.S. Businesses Division | Individual Life
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	(59)	(1,662)	(161)	(1,680)
Segment Reconciling Items | Realized investment gains (losses), net, and related adjustments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	(853)	(2,216)	(535)	(3,853)
Segment Reconciling Items | Charges related to realized investment gains (losses), net
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	88	(222)	139	(306)
Segment Reconciling Items | Change in value of market risk benefits, net of related hedging gains (losses)
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	16	(710)	91	(1,014)
Segment Reconciling Items | Market experience updates
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	(3)	371	45	492
Segment Reconciling Items | Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	(26)	44	(31)	15
Segment Reconciling Items | Other adjustments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	(9)	0	(18)	(17)
Segment Reconciling Items | Closed Block division
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	(48)	16	(52)	43
Segment Reconciling Items | Other Divested and Run-off Businesses
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	64	499	171	228
Total U.S. Businesses | Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURES	$ 956	$ 573	$ 1,716	$ 1,386

Segment Information (Reconcil_2

Segment Information (Reconciliation of Select Financial Information) (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022		Jun. 30, 2023	Jun. 30, 2022		Dec. 31, 2022
Segment Reporting Information [Line Items]
Total Assets	$ 697,304			$ 697,304			$ 689,029
Total revenues	13,498	$ 11,392		30,543	$ 23,247
Net investment income	4,476	3,938		8,796	8,296
Total benefits and expenses	12,877	12,460		28,075	24,973
Policyholders’ benefits	7,661	7,958	[1]	17,965	16,733	[2]
Interest credited to policyholders’ account balances	1,149	644	[1]	2,130	704	[2]
Dividends to policyholders	303	(207)	[1]	622	28
Interest expense	459	401		900	766
Amortization of deferred policy acquisition costs	366	358	[1]	731	729	[2]
Closed Block Business | Other Divested and Run-off Businesses
Segment Reporting Information [Line Items]
Total revenues				1,926
Net investment income				980
Total benefits and expenses				1,978
Policyholders’ benefits				1,181
Interest credited to policyholders’ account balances				59
Dividends to policyholders				594
Interest expense				1
Amortization of deferred policy acquisition costs				7
Closed Block Business | Closed Block division
Segment Reporting Information [Line Items]
Total revenues	955	529			1,494
Net investment income	499	520			1,074
Total benefits and expenses	1,003	513			1,451
Policyholders’ benefits	608	637			1,261
Interest credited to policyholders’ account balances	29	31			61
Dividends to policyholders	292	(228)			(17)
Interest expense	0	0			0
Amortization of deferred policy acquisition costs	4	4			7
Operating Segments
Segment Reporting Information [Line Items]
Total revenues	12,644	12,957		27,748	26,259
Net investment income	3,814	3,241		7,485	6,654
Total benefits and expenses	11,252	11,807		25,090	23,573
Policyholders’ benefits	6,920	7,114		16,492	15,053
Interest credited to policyholders’ account balances	780	654		1,536	1,299
Dividends to policyholders	11	21		27	45
Interest expense	461	401		902	765
Amortization of deferred policy acquisition costs	355	345		710	698
Operating Segments | Other Divested and Run-off Businesses
Segment Reporting Information [Line Items]
Total revenues	401	740		779	278
Net investment income	167	181		340	582
Total benefits and expenses	337	241		608	50
Policyholders’ benefits	176	92		363	247
Interest credited to policyholders’ account balances	51	54		102	(540)
Dividends to policyholders	0	0		1	0
Interest expense	(2)	0		(3)	1
Amortization of deferred policy acquisition costs	0	1		0	1
Operating Segments | PGIM | PGIM
Segment Reporting Information [Line Items]
Total Assets	45,408			45,408			48,364
Total revenues	849	829		1,747	1,755
Net investment income	67	(14)		147	(18)
Total benefits and expenses	670	623		1,417	1,361
Policyholders’ benefits	0	0		0	0
Interest credited to policyholders’ account balances	0	0		0	0
Dividends to policyholders	0	0		0	0
Interest expense	29	10		56	16
Amortization of deferred policy acquisition costs	0	1		1	2
Operating Segments | International Businesses | International Insurance
Segment Reporting Information [Line Items]
Total Assets	186,561			186,561			186,791
Total revenues	4,723	4,455		9,738	9,933
Net investment income	1,321	1,286		2,606	2,583
Total benefits and expenses	3,939	3,763		8,114	8,290
Policyholders’ benefits	2,645	2,767		5,797	6,252
Interest credited to policyholders’ account balances	226	175		441	365
Dividends to policyholders	2	13		9	28
Interest expense	4	5		15	8
Amortization of deferred policy acquisition costs	159	150		310	305
Operating Segments | Corporate and Other | Corporate and Other
Segment Reporting Information [Line Items]
Total Assets	22,866			22,866			23,556
Operating Segments | Total Closed Block division | Closed Block division
Segment Reporting Information [Line Items]
Total Assets	50,655			50,655			50,934
Operating Segments | U.S. Businesses Division | Group Insurance
Segment Reporting Information [Line Items]
Total Assets	37,812			37,812			38,201
Total revenues	1,598	1,496		3,162	3,035
Net investment income	128	117		254	241
Total benefits and expenses	1,459	1,442		2,998	3,096
Policyholders’ benefits	1,140	1,144		2,358	2,497
Interest credited to policyholders’ account balances	41	39		85	75
Dividends to policyholders	0	0		0	0
Interest expense	2	1		6	2
Amortization of deferred policy acquisition costs	2	1		3	(1)
Operating Segments | U.S. Businesses Division | Individual Life
Segment Reporting Information [Line Items]
Total Assets	109,168			109,168			102,445
Total revenues	1,564	1,286		3,091	2,844
Net investment income	709	614		1,378	1,258
Total benefits and expenses	1,623	2,948		3,252	4,524
Policyholders’ benefits	823	864		1,647	1,729
Interest credited to policyholders’ account balances	227	231		450	458
Dividends to policyholders	9	8		18	17
Interest expense	232	198		455	387
Amortization of deferred policy acquisition costs	114	111		228	222
Operating Segments | U.S. Businesses Division | Retirement Strategies
Segment Reporting Information [Line Items]
Total Assets	244,834			244,834			238,738
Total revenues	3,856	4,847		9,840	8,691
Net investment income	1,416	1,070		2,738	2,300
Total benefits and expenses	2,980	2,666		8,127	5,564
Policyholders’ benefits	2,312	2,336		6,695	4,579
Interest credited to policyholders’ account balances	255	175		495	333
Dividends to policyholders	0	0		0	0
Interest expense	15	15		39	23
Amortization of deferred policy acquisition costs	89	94		186	192
Operating Segments | U.S. Businesses Division | Retirement Strategies | Institutional Retirement Strategies
Segment Reporting Information [Line Items]
Total Assets	136,508			136,508			130,173
Total revenues	2,737	2,422		7,626	5,169
Net investment income	1,072	892		2,076	1,860
Total benefits and expenses	2,309	1,990		6,802	4,222
Policyholders’ benefits	2,263	2,310		6,613	4,488
Interest credited to policyholders’ account balances	144	75		269	155
Dividends to policyholders	0	0		0	0
Interest expense	(4)	(2)		6	2
Amortization of deferred policy acquisition costs	6	3		10	6
Operating Segments | U.S. Businesses Division | Retirement Strategies | Retirement Strategies
Segment Reporting Information [Line Items]
Total Assets	108,326			108,326			108,565
Total revenues	1,119	2,425		2,214	3,522
Net investment income	344	178		662	440
Total benefits and expenses	671	676		1,325	1,342
Policyholders’ benefits	49	26		82	91
Interest credited to policyholders’ account balances	111	100		226	178
Dividends to policyholders	0	0		0	0
Interest expense	19	17		33	21
Amortization of deferred policy acquisition costs	83	91		176	186
Operating Segments | Corporate and Other | Corporate and Other
Segment Reporting Information [Line Items]
Total revenues	54	44		170	1
Net investment income	173	168		362	290
Total benefits and expenses	581	365		1,182	738
Policyholders’ benefits	0	3		(5)	(4)
Interest credited to policyholders’ account balances	31	34		65	68
Dividends to policyholders	0	0		0	0
Interest expense	179	172		331	329
Amortization of deferred policy acquisition costs	(9)	(12)		(18)	(22)
Segment Reconciling Items | Realized investment gains (losses), net, and related adjustments
Segment Reporting Information [Line Items]
Total revenues	(549)	(2,293)		(74)	(3,941)
Net investment income	(4)	(4)		(9)	(14)
Total benefits and expenses	304	(77)		461	(88)
Policyholders’ benefits	21	30		46	59
Interest credited to policyholders’ account balances	283	(107)		415	(147)
Dividends to policyholders	0	0		0	0
Interest expense	0	0		0	0
Amortization of deferred policy acquisition costs	0	0		0	0
Segment Reconciling Items | Segment Reconciling Items, Related Charges to Realized Investment Gains (Losses), Net [Member]
Segment Reporting Information [Line Items]
Total revenues	46	32		83	10
Net investment income	0	0		0	0
Total benefits and expenses	(42)	254		(56)	316
Policyholders’ benefits	(63)	102		(120)	122
Interest credited to policyholders’ account balances	6	12		18	31
Dividends to policyholders	0	0		0	0
Interest expense	0	0		0	0
Amortization of deferred policy acquisition costs	7	8		14	22
Segment Reconciling Items | Market experience updates
Segment Reporting Information [Line Items]
Total revenues	(5)	72		19	113
Net investment income	0	0		0	0
Total benefits and expenses	(2)	(299)		(26)	(379)
Policyholders’ benefits	(1)	(17)		3	(9)
Interest credited to policyholders’ account balances	0	0		0	0
Dividends to policyholders	0	0		0	0
Interest expense	0	0		0	0
Amortization of deferred policy acquisition costs	0	0		0	1
Segment Reconciling Items | Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests
Segment Reporting Information [Line Items]
Total revenues	(10)	65		(29)	48
Net investment income	0	0		0	0
Total benefits and expenses	16	21		2	33
Policyholders’ benefits	0	0		0	0
Interest credited to policyholders’ account balances	0	0		0	0
Dividends to policyholders	0	0		0	0
Interest expense	0	0		0	0
Amortization of deferred policy acquisition costs	0	0		0	0
Segment Reconciling Items | Change in value of market risk benefits, net of related hedging gains (losses)
Segment Reporting Information [Line Items]
Total revenues	16	(710)		91	(1,014)
Net investment income	0	0		0	0
Total benefits and expenses	0	0		0	0
Policyholders’ benefits	0	0		0	0
Interest credited to policyholders’ account balances	0	0		0	0
Dividends to policyholders	0	0		0	0
Interest expense	0	0		0	0
Amortization of deferred policy acquisition costs	0	0		0	0
Segment Reconciling Items | Other adjustments
Segment Reporting Information [Line Items]
Total revenues	0	0		0	0
Net investment income	0	0		0	0
Total benefits and expenses	9	0		18	17
Policyholders’ benefits	0	0		0	0
Interest credited to policyholders’ account balances	0	0		0	0
Dividends to policyholders	0	0		0	0
Interest expense	0	0		0	0
Amortization of deferred policy acquisition costs	0	0		0	0
Intersegment Eliminations | PGIM | PGIM
Segment Reporting Information [Line Items]
Total revenues	198	201		403	433
Total U.S. Businesses | Operating Segments
Segment Reporting Information [Line Items]
Total Assets	391,814			391,814			$ 379,384
Total revenues	7,018	7,629		16,093	14,570
Net investment income	2,253	1,801		4,370	3,799
Total benefits and expenses	6,062	7,056		14,377	13,184
Policyholders’ benefits	4,275	4,344		10,700	8,805
Interest credited to policyholders’ account balances	523	445		1,030	866
Dividends to policyholders	9	8		18	17
Interest expense	249	214		500	412
Amortization of deferred policy acquisition costs	$ 205	$ 206		$ 417	$ 413
[1]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.[2]Prior period amounts adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.

Segment Information Segment Inf

Segment Information Segment Information (Asset Management and Service Fees) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Asset management and service fees	$ 918	$ 987	$ 1,835	$ 2,120
Asset-based management fees
Asset management and service fees	789	841	1,577	1,822
Performance-based incentive fees
Asset management and service fees	4	6	7	10
Other fees
Asset management and service fees	$ 125	$ 140	$ 251	$ 288

Commitments and Contingent Li_3

Commitments and Contingent Liabilities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Commitments and Contingent Liabilities [Line Items]
Fair value of collateral supporting these assets	$ 249		$ 249		$ 702
Commitments | Commercial Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Total outstanding mortgage loan commitments	1,855		1,855		1,995
Portion of commitment where prearrangement to sell to investor exists	397		397		582
Allowance for credit losses	1		1		1
Change in allowance for credit losses	0	$ 0	0	$ 0
Expected to be funded from the GA and other operations outside the SA
Commitments and Contingent Liabilities [Line Items]
Commitments to purchase investment (excluding commercial mortgage loans)	12,117		12,117		8,376
Expected to be funded from separate accounts
Commitments and Contingent Liabilities [Line Items]
Commitments to purchase investment (excluding commercial mortgage loans)	128		128		183
Indemnification | Securities Lending and Securities Repurchase Transactions
Commitments and Contingent Liabilities [Line Items]
Indemnification provided to certain clients for securities lending and securities repurchase transactions	5,847		5,847		5,834
Fair value of related collateral associated with above indemnifications	5,974		5,974		5,985
Accrued liability associated with guarantee	0		0		0
Indemnification | Securities Repurchase Transactions
Commitments and Contingent Liabilities [Line Items]
Indemnification provided to certain clients for securities lending and securities repurchase transactions	0		0		0
Fair value of related collateral associated with above indemnifications	0		0		0
Indemnification | Serviced Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Maximum exposure under indemnification agreements for mortgage loans serviced by the Company	2,992		2,992		2,972
First-loss exposure portion of above	867		867		862
Accrued liability associated with guarantee	30		30		33
Allowance for credit losses	15		15		17
Change in allowance for credit losses	(1)	(1)	(2)	(4)
Guarantees of Asset Values
Commitments and Contingent Liabilities [Line Items]
Guaranteed value of third-parties’ assets	82,181		82,181		84,338
Fair value of collateral supporting these assets	76,351		76,351		77,693
Asset (liability) associated with guarantee, carried at fair value	0		0		1
Other Guarantees
Commitments and Contingent Liabilities [Line Items]
Other guarantees where amount can be determined	36		36		57
Accrued liability associated with guarantee	32		32		$ 33
Purchase Investments
Commitments and Contingent Liabilities [Line Items]
Change in allowance for credit losses	$ 0	$ 0	$ 0	$ 0

Commitments and Contingent Li_4

Commitments and Contingent Liabilities (Narrative Excluding Litigation) (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Commitments | Commercial Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Allowance for credit losses	$ 1		$ 1		$ 1
Change in allowance for credit losses	0	$ 0	0	$ 0
Purchase Investments
Commitments and Contingent Liabilities [Line Items]
Change in allowance for credit losses	0	0	$ 0	0
Indemnification | Securities Lending and Securities Repurchase Transactions
Commitments and Contingent Liabilities [Line Items]
Guarantor obligations, liquidation proceeds, percentage			102%
Indemnification | Securities Repurchase Transactions
Commitments and Contingent Liabilities [Line Items]
Guarantor obligations, liquidation proceeds, percentage			95%
Indemnification | Serviced Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Allowance for credit losses	15		$ 15		17
Change in allowance for credit losses	(1)	$ (1)	(2)	(4)
Mortgages subject to loss-sharing arrangements	$ 24,110		$ 24,110		$ 23,937
Weighted-average debt service coverage ratio of mortgages subject to loss-sharing arrangements	2.03		2.03		1.92
Weighted-average loan-to-value ratio of mortgages subject to loss-sharing arrangements	60%		60%		61%
Losses related to indemnifications that were settled			$ 0	$ 0
Indemnification | Minimum | Serviced Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Percentage share of losses incurred on certain loans serviced			4%
Indemnification | Maximum | Serviced Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Percentage share of losses incurred on certain loans serviced			20%

Commitments and Contingent Li_5

Commitments and Contingent Liabilities (Litigation Narrative) (Details) $ in Millions	Jun. 30, 2023 USD ($)
Maximum
Loss Contingencies [Line Items]
Estimate of possible losses in excess of accruals (less than) for litigation and regulatory matters	$ 250